||||Page||
|---|---|---|---|---|
|Report ofthe Trustees||1|to|3|
|Independent<br>Examiner's|Report||||
|Statement of Financial|Activities||||
|Balance Sheet|||||
|Notes to the Financial|Statements|7|to|12|
|Detailed Statement of|Financial Activities||13||





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||||||30.11.22|30.11.21|
|---|---|---|---|---|---|---|
||||Unrestricted|Endowment|Total|Total|
||||fund|fund|funds|funds|
|||Notes|E||C|E|
|INCOME AND ENDOWMENTS|FROM||||||
|Investment<br>income||2|33,922||33,922|33,369|
|EXPENDITURE ON|||||||
|Charitable activities|||||||
|Activity holiday bursaries for|disadvantaged||||||
|children|||||||
||||275,995||275,995|221,358|
|Net gains/(losses)<br>on investments||||(303,278)|(303,278)||
|NET INCOME/(EXPENDITURE)|||(242,073)|(303,278)|(545,351)||
|Transfers between funds||10|254,014|(254,014)|||
|Net movement<br>in funds|||11,941|(557,292)|(545,351)|80,019|
|RECONCILIATION<br>OF FUNDS|||||||
|Total funds brought<br>forward|||86,251|2,'l37, 637|2,223,888|2,143,869|
|TOTAL FUNDS CARRIED FORWARD|||98,192|1,580,345|1,678,537|2,223,888|





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||||||30.11.22|30.11.2'I|
|---|---|---|---|---|---|---|
||||Unrestricted|Endowment|Total|Total|
||||fund|fund|funds|funds|
|||Notes|E|E|E|E|
|FIXEDASSETS|||||||
|Investments||8||1&580,345|1,580,345|2,137,637|
|CURRENT ASSETS|||||||
|Cash at bank|||103,856||103,856|104,363|
|CREDITORS|||||||
|Amounts<br>falling due within one year||9|(5,664)||(5,664)|(18,112)|
|NET CURRENT ASSETS|||98,192||98,192|86,251|
|TOTAL ASSETS LESSCURRENT LIABILITIES|||98,192|1,580,345|1,678,537|2,223,888|
|NET ASSETS|||98,192|1&580,345|1,678,537|2,223,888|
|FUNDS||10|||||
|Unrestricted|funds||||98,192|86,251|
|Endowment|funds||||1,580,345|2,137,637|
|TOTAL FUNDS|||||1,678,537|2,223,888|






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|INVESTMENT INCOME|||
|---|---|---|
||30.11.22|30.11.21|
||E|E|
|Other fixed asset investments|31,225|30,134|
|Deposit account interest|2,697|3,235|
||33,922|33,369|



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|CHARITABLE A|CTIVITIES COSTS|||||
|---|---|---|---|---|---|
||||Grant|||
||||funding of|||
||||activities|||
||||(see note|Support||
||||4)|costs|Totals|
||||L||L|
|Activity holiday|bursaries for|||||
|disadvantaged|children|||||
||||257,023|18,972|275,995|
|GRANTS PAYABLE||||||
|||||30.11.22|30.11.21|
|||||E|E|
|Activity holiday|bursaries for disadvantaged|children||||
|||||257,023|200,077|





|<br> <br> Year Ended 30November<br>2022|<br> <br> Year Ended 30November<br>2022|<br> <br> Year Ended 30November<br>2022||||
|---|---|---|---|---|---|
|GRANTS PAYABLE - continued||||||
|The total grants|paid|to institutions|during the year was as follows:|||
|||||30.11.22|30.11.21|
|The Cirdan Sailing Trust||||30,000|30,000|
|Honeypot<br>House||||20,400|30,000|
|Children's<br>Adventure||Farm Trust|||18,000|
|Ellen Macarthur|Trust|||10,515||
|Blackmarston<br>School||||11199||
|ATE||||22,200|12,887|
|Back Up||||8)684|8,970|
|Lodge Hill Centre||||24,150|23)500|
|Highlights||||8,000|8,000|
|Up N Away||||11,000|10,000|
|Bendrigg Trust||||12,000|10,000|
|Drama Expression for||Children|||5,000|
|Priestlands<br>School||||2,720|2,720|
|Youth Adventure|Trust|||24,290|20,000|
|Calvert Trust||||12,000|10,000|
|Farms for City Children|||||6,000|
|UKSA||||10)000||
|Bede||||5,000|5,000|
|CAFT||||26,100||
|Go Beyond||||15,400||
|Ashton<br>Secondary||||3,365||
|Lord Taverners||||10,000||
|||||257,023|200,077|



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|o the Financial Statem<br>t<br> Year Ended 30<br>vember|s - continued<br> 20|s - continued<br> 20|s - continued<br> 20|s - continued<br> 20|s - continued<br> 20|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|COMPARATIVES<br>FOR THE|STATEMENT OF FINANCIAL|||||ACTIVITIES||||||
|||||||||Unrestricted|Endowment||Total|
|||||||||fund|fund||funds|
||||||||||E||E|
|INCOME AND ENDOWMENTS||FROM||||||||||
|Investment<br>income||||||||33 369|||33,369|
|EXPENDITURE ON||||||||||||
|Charitable<br>activities||||||||||||
|Activity holiday bursaries|for||disadvantaged|||||||||
|children||||||||||||
|||||||||221,358|||221,358|
|Net gains on investments|||||||||268,008||268,008|
|NET INCOME/(EXPENDITURE)<br>Transfers between<br>funds||||||||(187,989)<br>(89,023)|268,008<br>89,023||80,019|
|Net movement<br>in funds||||||||(277,012)|357,031||80,019|
|RECONCILIATION<br>OF FUNDS||||||||||||
|Total funds brought<br>forward||||||||363,263|1,780&606||2,143,869|
|TOTAL FUNDS CARRIED FORWARD||||||||86,251|2,137,637||~2223 888|
|FIXED ASSET INVESTMENTS||||||||||||
||||||||||||Listed|
||||||||||||investments|
||||||||||||E|
|MARKET VALUE||||||||||||
|At 1 December 2021|||||||||||2,137,637|
|Additions|||||||||||175,300|
|Disposals|||||||||||(434,885)|
|Revaluations|||||||||||(297,707)|
|At 30 November 2022|||||||||||1,580,345|
|NET BOOK VALUE||||||||||||
|At 30 November<br>2022|||||||||||1,580,345|
|At 30 November<br>2021|||||||||||2,137,637|
|Fixed asset investments|held||in|the|UK were valued|at|f836,947|(2021: E1,189,451) at||30 November<br>2022.||
|Investments<br>held outside|the||UK|were|valued at E743,394||(2021:f948,186)at 30 November|||2022.||
|Cost or valuation<br>at 30 November||||2022 is represented||by:||||||



|Cost or v|alua|tion<br>at 30 November<br>2022 is represented<br>by:||
|---|---|---|---|
||||Listed|
||||investments|
||||6|
|Valuation|in|2022|1,580,345|





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|9.|CREDITORS:|AMOUNTS<br>|FALLI|NG|DUE WITHIN ONE YEAR||||
|---|---|---|---|---|---|---|---|---|
||||||||30.11.22|30.11.21|
||||||||E|E|
||Other creditors||||||5,664|18,112|
|10.|MOVEMENT|IN FUNDS|||||||
|||||||Net|Transfers||
||||||At|movement|between|At|
||||||1.12.21|in funds|funds|30.11.22|
|||||||E|f.|E|
||Unrestricted|funds|||||||
||Unrestricted|Income Fund|||86,251|(242,073)|254&014|98,192|
||Endowment|funds|||||||
||Expendable|Endowment|Fund||2,137,637|(303,278)|(254,014)|1,580,345|
||TOTAL FUNDS||||2,223,888|(545,351)||1,678,537|
||Net movement<br>in funds,||included||in the above are as follows:||||
||||||Incoming|Resources|Gains and|Movement|
||||||resources|expended|losses|in funds|
||||||E|E|E|E|
||Unrestricted|funds|||||||
||Unrestricted|Income Fund|||33&922|(275,995)||(242,073)|
||Endowment|funds|||||||
||Expendable|Endowment|Fund||||(303,278)|(303,278)|
||TOTAL FUNDS||||33,922|(275,995)|(303,278)|(545,351)|
||Comparatfves<br>for movement|||in|funds||||
|||||||Net|Transfers||
||||||At|movement|between|At|
||||||1.12.20|in funds|funds|30.11.21|
|||||||E|6|E|
||Unrestricted|funds|||||||
||Unrestricted|Income Fund|||363,263|(187,989)|(89&023)|86,251|
||Endowment|funds|||||||
||Expendab(e|Endowment|Fund||1,780,606|268,008|89,023|2,137,637|
||TOTAL FUNDS||||2,143,869|80,019||2,223,888|





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|Comparative|net movem|ent<br>in funds, inc|luded<br>in the above are a|s follows:|||
|---|---|---|---|---|---|---|
||||Incoming|Resources|Gains and|Movement|
||||resources|expencled|losses|in funds|
||||f.|f.|E|f.|
|Unrestricted|Rrnds||||||
|Unrestricted|Income Fund||33,369|(221,358)||(187,989)|
|Endowment|funds||||||
|Expendable|Endowment|Fund|||268,008|268,008|
|TOTAL FUNDS|||33,369|(221,358)|268&008|80,019|



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|for the Year Ended 3|0November<br>2022|||
|---|---|---|---|
|||30.11.22|30.11.21|
|||5|E|
|INCOME AND ENDOWMENTS||||
|Investment<br>income||||
|Other fixed asset investments||31&225|30,134|
|Deposit account interest||2,697|3,235|
|||33,922|33,369|
|Total incoming resources||33,922|33,369|
|EXPENDITURE||||
|Charitable<br>activities||||
|Grants to institutions||257,023|200,077|
|Support costs||||
|Governance costs||||
|Independent<br>examiners fee||3,271|2,475|
|Travel and subsistence||197||
|Bank charges||96|100|
|Management<br>fees||15&408|18,706|
|||18,972|21,281|
|Total resources expended||275,995|221,358|
|Net expendit'ure<br>before gains and losses||(242,073)|(187,989)|
|Realised recognised|gains and losses|||
|Reaiised gains/(losses)|on fixed asset|||
|investments||113,788|56,788|
|Net expend)ture||(128,285)|(131,201)|