2023-04-05-accounts

				Page
Reference and administrative	details of	the Charity,	its Trustees and advisers
Trustees' report				2-3
Trustees' responsibilities statement
Independent auditors' report	on the financial statements			5-8
Statement offinancial activities
Balance sheet				10
Statement ofcash flows
Notes to the financial statements				12-23
Charity Detailed income and	expenditure	account

					Unrestricted	Endowment	Total	Total
					funds	funds	funds	funds
					2023	2023	2023	2022
				Note	6	E	6	E
Income and endowments		from:
Investments				3	40,982		40,982	436
Other income				4		501,155	501,155	454,489
Total income and	endowments				40,982	501,155	542,137	454,925
Expenditure on:
Charitable activities:
Grant making					277,387		277,387	1,975,393
Total expenditure					277,387		277,387	1,976,393
Net (expenditure)/income					(236,405)	501,155	264,750	(1,521,458)
Transfers between	funds			12	236,405	(236,405)
Net movement in	funds before other
recognised gains/(losses)						264,750	264,750	(1,521,468)
Other recognised	gains/(losses):
Net gains/(losses)	on investments					(3,522,446)	(3,522,446)	(5,429,842)
Net foreign exchange gains/(losses)			on
investments						2,032,010	2,032,010	2,551,345
Net movement in	funds					(1,225,686)	(1,225,686)	(4,399,965)
Reconciliation of	funds:
Total funds brought	forward					59,984,560	59,984,560	64,384,525
Net movement in funds						(1,225,686)	(1,225,686)	(4,399,965)
Total funds carried forward						58,758,874	58,758,874	59,984,560

				Note		2023 6		2022f
Fixed assets
Investments						46,103,939		47,615,354
						46,103,939		47,615,354
Current assets
Cash at bank and	in	hand			12,724,335		12385,840
					12,724,335		12,365,840
Creditors: amounts		falling	due within one
year				10	f69,400)		(16,634)
Net current assets						12,654,935		12,369,206
Total assets less	current		liabilities			58,758,874		59,984,560
Total net assets						58,758,874		59,984,560
Charity funds
Endowment funds				12		58,758,874		59,984,560
Unrestricted funds				12
Total funds						58,758,874		59,984,560

					Note	2023 F	2022f
Cash flows from operating	activities
Net cash used in operating	activities				14	(224,621)	(1,993,893)
Cash flows from investing	activities
Proceeds from sale of investments						20,979	254,372
Interest received						40,982	436
Net cash provided by investing activities						61,961	254,808
Change in cash and cash	equivalents in the year					(162,660)	(1,739,085)
Cash and cash equivalents	at the beginning		ofthe year			12,385,840	13,670,436
Change in cash and cash equivalents		due to exchange		rate movements		501,155	454,489
Cash and cash equivalents	at the end ofthe year				15	12,724,335	12,385,840
The notes on pages 12to 23form part		ofthese financial		statements

			Unrestricted	Total	Total
			funds	funds	funds
			2023 5	2023 5	2022f
Bank	interest	receivable	40,982	40,982	436
Total	2022		436	436

	Endowment	Total	Total
	funds	funds	funds
	2023f	2023 5	2022f
Foreign exchange gains	501,155	501,155	454,489
Total 2022	454,489	454,489

		Grant
		funding of	Support	Total	Total
		activities	costs	funds	funds
		2023 6	2023 6	2023 6	2022f
Grant	making	242,550	34,837	277,387	1,976,393
Total	2022	1,950,826	25,567	1,976,393

	Grant	Total	Total
	making	funds	funds
	2023f	2023 5	2022f
Accountancy fees	6,229	6,229	1,998
Auditors remuneration	7,044	7,044	5,922
Professional costs	21,564	21,564	17,647
Total 2023	34,837	34,837	25,567
Total 2022	25,567	25,567

					2023	2022
					6	6
Grants to institutions					242,550	1,950,826
					242,550	1,950,826
The total grants paid to institutions			during	the year was as follows:
					2023	2022
					6
Community	development
Busoga Trust						790,000
Ensemble Pour La Difference						72,000
Health and	welfare
Acorns Children's Hospice		Trust				22,000
Centrepoint	Soho				31,500	31,500
Helen and Douglas House					20,600	20,600
NSPCC					20,600	20,600
Royal British	Legion				7,300	7,300
Shelter					19,400	19,400
The Trussell	Trust				100,000
St Richard's	Hospice				25,000
Environment	and heritage
The Woodland Trust					18,150	18,150
Education
St Edmund	Hall - Student	Recruitment/Data		Analyst		50,000
St Edmund	Hall - Tutorial	Fellowship				713,026
The King's School Worcester - Bursary Funds						186,250
					242,550	1,950,826

					2023 6	2022f
Fees payable	to the Charity's	auditor	for the audit ofthe Charity's	annual
accounts					7,044	5,922
Fees payable	to the Chanty's	auditor	in respect of:
Accountancy	services				3,000	4,122

			Non-UK	Total
		UK Unlisted	Unlisted	funds
		2023f	2023 5	2023 5
At 6 April 2022		2,465,643	45,149,711	47,615,354
Revaluation		(358,798)	(3,163,648)	(3,522,446)
Foreign exchange	gain		2,032,010	2,032,010
Disposals		(20,979)		(20,979)
Total 2023		2,085,866	44,018,073	46,103,939

2023	2022
6	6
69,400	16,634

	Balance at 6			Transfers	Gains/	Balance at 5
	April 2022	Income	Expenditure	in/out	(Losses)	Apnl 2023
	F	E	6	F
Unrestricted
funds
General Funds-
all funds		40,982	(277,387)	236,405
Endowment
funds
Endowment
Funds - all funds	59,984,560	501,155		(236,405)	(1,490,436)	58,758,874
Total offunds	59,984,560	542,137	(277,387)		(1,490,436)	58,758,874

Statement offun	ds - prior year
	Balance at			Transfers	Gainsr	Balance at
	1April 2021. E	Income f	Expenditure E	in/out E	(Losses) E	5 April 2022 E
Unrestricted
funds
General Funds
all funds		436	(1,976,393)	1,975,957
Endowment
funds
Endowment
Funds - all funds	64,384,525	454,489		(1,975,957)	(2,878,497)	59,984,560
Total offunds	64,384,525	454,925	(1,976,393)		(2,878,497)	59,984,560

Analysis of net assets between funds - cur	rent year
	Unrestricted	Endowment	Total
	funds	funds	funds
	2023	2023	2023
	E	8	6
Fixed asset investments		46,103,939	46,103,939
Current assets	69,400	12,654,935	12,724,335
Creditors due within one year	(69,400)		(69,400)
Total		58,758,874	58,758,874

	Analysis	of net ass	ets betw	een f	unds	- prior	ye	ar
									Unrestricted	Endowment	Total
									funds	funds	funds
									2022	2022 6	2022f
	Fixed asset investments									47,615,354	47,615,354
	Current assets								16,634	12,369,206	12,385,840
	Creditors	due within	one year						(16,634)		(16,634)
	Total									59,984,560	59,984,5SO
14.	Reconciliation of net movement				in funds to		net	cash flow	from operating	activities
										2023 f	2022 f
	Net income/expenditure for			the	year	(as	per	Statement	of Financial
	Activities)									264,750	(1,521,468)
	Adjustments for:
	Dividends,	interests	and rents	from	investments					(40,982)	(436)
	Decrease	in debtors									22,962
	Increase/(decrease)		in creditors							52,766	(40,462)
	Gain/Loss	on foreign	exchange							(501,155)	(454,489)
	Net cash	used in operating		activities						(224,621)	(1,993,893)
15.	Analysis	ofcash and cash equivalents

		2023 6	2022 f
Cash	in hand	12,724,335	12,385,840
Total	cash and cash equivalents	12,724,335	12,385,840

								Changes in
								market
								value and
								exchange
						At 6April		rate	At 5April
						2022	Cash flows	movements	2023
							F	5	8
						F
Cash	at	bank	and	in	hand	12,385,840	(162,660)	501,155	12,724,335
						12,385,840	(162,660)	501,155	12,724,335