2022-03-31-accounts - Heart Of England Community Foundation

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Auditors:		Dafferns LLP
		One Eastwood,		Harry Weston Road
		Binley Business		Park
		Coventry, West		Midlands
		CV3 2UB
Investment	Managers:	Quilter Cheviot			CCLA		Rathbones
		Three Temple	Quay		Senator House		Temple Point
		Temple Way			85 Queen	Victoria Street	1Temple Row
		Bristol			London		Birmingham
		8516DZ			EC4V 4ET		B25LG
Bankers:		CAF Bank			Santander	Bank
		25 Kings Hill Ave			Bootle
		Kings Hill			Merseyside
		West Mailing,	Kent		L304GB
		ME194JQ
Solicitors:		Wright Hassall	LLP
		Olympus Avenue
		Leamington Spa
		Warwickshire

			Unrestricted		Restricted Funds	Restricted Funds
		General	Designated	core	Distributable	Endowment
		Fulfcls	Funds	Costs	Gratlts	Futlds	2022
					6	E	E
Income end Endowments
Donations and legacies Rental Income Investment Income Bank interest Otherlncome Total Income and Endowments Expenditure		351,266 88,668 0 4,938 2,350 447,222	42,035 0 0 0 0 42,035	59,170 0 0 135 0 59+05	3,185,441 0 0 0 0 3,185,441	116,618 0 339,971 0 0 456,589	3,754,530 88,668 339,971 5,073 2,350 4,190,592
Raising Funds Investment Management Costs Charitable Activftles -Grants Charitable Activities - Support costs Big Lottery Fund, European Social Fund, Bugdfng Better		40,825 0 0 466,588	D 4,532 57,599 0	0 D 58,971	0 0 3,255,917 115	0 54,871 0 0	40,825 59,403 3,313,516 525,674
Opportunities Partners							0
Governance Total Expenditure		1D,560 517,973	62,131	58,971	3,256,032	54,871	10,560 3,949,978
Net Gain/(loss) on investment Net Income/(expenditure) Transfers between funds Net Movement ln Funds Funds at 31March 2021	assets	(70,751) 74,007 3,256 607,904	59,911 39,815 (4,D15) 35,800 1,285,327	334 0 334 32,867	D (7D,591) 260,648 190,057 2,453,837	862,064 1,263,782 (33D,640) 933,142 15,924,832	921,975 1,162,589 0 1,162,589 20,304,767
Funds et 31March 2022		611,160	1,321,127	33,201	2,643,894	16,857,974	21,467,356

				Unrestricted	Funds		Restricted Funds
				General	Designated	Core	Distributable	Endowment	Total
				Funds	Funds	costs	grants	Funds	2021
				E	f	f	E	f	E
Income and Endowments
Donations and legacies				375,259	65,355	223,008	6,098,071	244,140	7,005,833
Rental Income				85,183	0	0	0	0	85,183
Investment Income				0	0	0	0	300,993	300,993
Bank Interest				7,226	0	594	0	0	7,820
Otherincome				15,084	5,213	0	0	0	20,297
Total Income and Endowments				482,752	70,568	223,602	6,098,071	545,133	7,420,126
Expenditure
Raising Funds				62,276	0	0	0	0	62,276
Investment Management		Costs		0	4,420	0	0	50,546	54,966
Charitable Activities	- Grants			0	0	0	8,067,313	0	8,067,313
Charitable Activities	- Support		costs	443,377	0	192,713	11,196	0	647,286
Big Lottery Fund, European		Social Fund,
Building Better Opportunities			Partners	0			353,820		353,820
Governance				11,040			0		11,040
Total Expenditure				516,693	4,420	192,713	8,432,329	50,546	9,196,701
Net Gain/(loss) on investment			assets		135,498			2,577,228	2,712,726
Net Income/(expenditure)				(33,941)	201,646	30,889	(2,334,258)	3,071,815	936,151
Transfers between	funds			(109,829)	253,172	(239,545)	(77,860)	174,062	0
Net Movement ln Funds				(143,770)	454,818	(208,656)	(2,412,118)	3,245,877	936,151
Funds at 31March	2020			751,674	830,509	241,523	4,865,955	12,678,955	19,368,616
Funds at 31March	2021			607,904	1,285,327	32,867	2,453,837	15,924,832	20,304,767

					HEART O	F ENGLAND CO	F ENGLAND CO	MMUNITY	FOUNDATIO	N
				(A company	limited	by guarantee)		Company	Registration	no. 5999452
							BALANCE SHEET
					FOR THE		YEAR ENDED 31MARCH 2022
				Notes			31March	2022		31March	2021
						E		f		E
Fixed Assets
Tangible fixed assets					10				1,472		5,717
Investments
Investment properties					11	1,005,000				1,005,000
Listed Investments					11	15,716,627				14,283,643
Cash at Investment			Managers			388,681				348,414
								17,110,308			15,637,057
								17,111,780			15,642,774
Current Assets
Cash at Bank	and in		hand			5,391,099				5,082,736
Debtors					12	223,266				180,818
						5,614,365				5,263,554
Creditors: amounts			falling due within one year		13	1,258,789				601,561
Net Current Assets								4,355,576			4,661,993
Net Assets								21,467,356			20,304,767
Funds of the	Charity
Capital Funds
Endowment	Funds				14			16,857,974			15,924,832
Income Funds
Restricted Funds					15			2,677,095			2,486,704
Unrestricted	Funds	(Designated)			16	1,321,127				1,285,327
Unrestricted	Funds	(General)				611,160				607,904
Total unrestricted		Funds						1,932,287			1,893,231
Total Funds								21,467,356			20,304,767

		HEART OF ENGLAND	COMMUNITY	COMMUNITY	FOUNDATION
		(A company	limited	by guarantee)
		STATEMENT OF CASH FLOWS
		FOR THE YEAR	ENDED	31MARCH	2022
					Notes	2022	2021
						6	6
Cashf low from operating	activities				18
Net cash flow from operating activities
Cash flow from investing	activities
Payments to acquire investments						(2,392,437)	(2,142,406)
Receipts from sales of investments						1,881,428	1,719,515
Interest received						5,073		7,820
Dividends received						339,971		300,993
Rents received from investment properties						88,668		85,183
Net cash flow from investing activities						(77,297		28,895
Cash flow from financing	activities
Receipt of permanent endowments						116,618		193,594
Net cash flows from financing activities						116,618		193,594
Net Increase/(decrease)	in cash and cash equivalents					348,630	(1,844,457)
Cash and cash equivalents	at 1April 2021					5,431,150	7,275,607
Cash and cash equivalents	at 31March 2022					5,779,780	5,431,150
Cash and cash equivalents	consist of:
Cash at bank and in hand						5,391,099	5,082,736
Short term deposits						388,681		348,414
Cash and cash equivalents	at 31March 2022					5,779,780	5,431,150

2.Donations and Legacies	2.Donations and Legacies	2.Donations and Legacies
Donors contributed to the following			restricted	funds during the	period:
				Core	Distributable	Total	Total
				Costs	Grants	2022	2021
				6	E	6	E
29th May 1961Charitable	Trust				16,500	16,500	16,000
Alan Edward Higgs Fund Birmingham Funds					330,787 0	330,787 0	10,000 2,250
Birmingham Mail Charity Fund					0	0	21,327
Bullring and Grand Central	Fund				1,800	1,800	20,000
Big Lottery Fund, European		Social Fund,	Building
Better Opportunities					0	0	332,584
Community Energy Warwickshire Coronavirus Resilience Fund Coventry 2021 Coronavirus Resillience			Fund		6,918 (40) 0	6,918 (40) 0	5,552 340,332 60,000
Coventry Building Society Coventry Oty ofCulture Fund					70,000 90,000	70,000 90,000	73,647 0
DCS NET fund Deutsche Bank					0 31,500	0 31,500	1,076,711 13,500
Edgbaston Emergency Food		&Essential	Supplies
Fund					2,860	2,860	70,000
Esme Fairbairn Foundation					56,250	56,250	0
GB Partnership					0	0	11,160
Graham Gr(ffiths Fund					115,000	115,000	0
Harrison Beale &.Owen Heart of England					(5) 25,000	(5) 25,000	250 0
Helping Hearts High Shedff ofWarwickshire					50,000 31,009	50,000 31,009	20,000 600
JLR Solihull Employees Charity Fund					56,861	56,861	0
Leamington Fund Made by Sport					3,293 9,746	3,293 9,746	6,374 239,835
Mayflex UK Itd					9,200	9,200	0
National Emergency Trust					0	0	2,459,317
NET BAME					0	0	81,839
NNS Birmingham City Council					287,000	287,000	400,000
NNS Food Bank					100,000	100,000	0
NNS Track and Trace					50,000	50,000	0
Northfield Emergency Assistance Food			and
Essential Supplies				0	0	0	70,000
Orbit First year Tenancy				0	49,000	49,000	0
Orbit Hardship fund				0	172,727	172,727	0
PSA Peugeot Citroen				59,170	0	59,170	55,299
Pedimore				0	27,000	27,000	27,000
Positive futures				0	45,000	45,000	45,000
QC Foundation Fund				0	0	0	23,383
Balance Carried forward				59,170	1,637,406	1,696,576	5,481,960

		Core	Distributable	Total	Total
		Costs	Grants	2022	2021
		6	E	6	6
balance brought	forward	59,170	1,637,406	1,696,576	5,481,960
SEGRO		0	0	0	41,501
Solihul Celebrating Communities		0	121,440	121,440	0
Stellantis Employee Fund		0	21,004	21,004	0
The David East Fund		0	91,840	91,840	0
Tipton Education	fund	0	10,800	10,800	10,800
Torrington House	fund	0	579	579	0
UKCF Co-op Fund		0	0	0	85,303
Warwickshire County Council		0	1,000,000	1,000,000	0
Wesleyan		0	50	50	494,445
Solihull Winter Wellbeing		0	302,322	302,322	184,070
Love My Keresley	Community	0	0	0	23,000
		59,170	3,185,441	3,244,611	6,321,079

		Grants E	Administration f	Fundraising E	2022
Staff costs (see note 6)*		153,093	200,697	0	353,790
Recruitment*		544	840	171	1,555
PR and advertising		7,406	11,426	2,328	21,160
Training and conferecnes		173	267	54	494
Subscriptions*		0	9,872	0	9,872
Travel and Subsistance		1,582	2,441	497	4,520
staff welfare		261	403	82	746
Meetings		299	457	94	850
Printing and stationary		360	556	113	1,029
Postage and telephone		2,219	3,424	697	6,340
Office equipment		10,203	15,742	3,207	29,152
Legal costs		343	529	108	980
P rofessi on aI Fees* Rent and rates '		0 0	24,821 4,337	0 0	24,821 4,337
Fixed asset depreciaiton		1,486	2,293	467	4,246
Office accommodation	and Facilities (see note 2)	20,709	31,952	6,509	59,170
Sundry expense		0	791	0	791
Insurance		637	984	200	1,821
		199,315	311,832	14,527	525,674

equivalent	nu	mber ofemployees was 9.5 (2021:1	4.5) and the aggregate payroll costs we	re as follows:
			Total	Total
			2022	2021
			f	6
Salaries			333,555	457,594
Redundancy Casual staff	costs costs		0 20,530	1,614 0
Social security		costs	29,000	40,363
Other pension		costs	11,529	12,839
			394,614	512,410
Support costs		(see note 5)	353,789	450,134
Fundraising	costs (see note 3)		40,825	62,276
			394,614	512,410

efits) in the pe	riod is as follo
2022	2021
No.	No.

			Unrestricted	Endowment		Total	Total
						2022	2021
				f		f	f
Statutory	audit	fees	10,560		0	10,560	11,040
			10,560		0	10,560	11,040

			General	Designated	Core costs	Distributable	Endowment
			f	f	f	grants f	funds f
Endowment income Trustee allocation ofunrestricted		surplus	129,992	0	0	200,648	(330,640)
to grant pots Transfer ofdiscretionary	fund for running		(70,000)			70,000
costs Transfer ofYoung at Heart Fund to			4,015	(4,015)
unrestricted			10,000			(10,000)
			,D67	(4,015)	D	26D,6	633,66D7

10.Tangible Fixed Assets
	Computer	Total	Total
	Equipment	2022	2021
	f	f	f
Cost
1April 2021	25,893	25,893	25,893
Additions	0	0	0
Disposals	0	0	0
31March 2022	25,893	25,893	25,893
Depreciation
1April 2021	20,176	20,176	15,929
Charge for year	4,245	4,245	4,247
31March 2022	24,421	24,421	20,176
Net Book value 31March 2022	1,472	1,472	5,717

11.1Listed I	nv	estm	ents
				Managed by	Managed	Managed by	Total	Total
				Quilter f	by CCLA f	Rathbones f	2022 f	2021 f
Market value	at 1		April 2021	4,119,234	5,422,983	4,741,426	14,283,643	11,148,026
Additions at	cost			1,438,941	601,619	351,877	2,392,437	2,142,406
Disposal proceeds				(1,375,718)	0	(505,710)	(1,881,428)	(1,719,515)
Gains/(losses)				44,888	506,132	370,955	921,975	2,712,726
Market value		at 31March 2022		4,227,345	6,530,734	4,958,548	15,716,627	14,283,643
Historical cost				3,788,039	4,744,095	3,878,919	12,411,053	11,784,370
Investments	over 5S0ofportfolio value
COIF Charities		investment fund		0	3,349,399	0	3,349,399	3,081,980
Listed Investments			at fair value
comprise
Equities				2,525,194	5,386,053	3,599,257	11,510,504	10,155,939
Securities				1,702,151	1,144,681	1,359,291	4,206,123	4,127,704
				4,227,345	6,530,734	4,958,548	15,716,627	14,283,643

	Small Bam	Large Bam	Total	Total
			2022	2021
			f	f
Valuations
1April 2021	155,000	850,000	1,005,000	1,005,000
Gains/(losses)	0	0	0	0
31March 2022	155,000	850,000	1,005,000	1,005,000
Historical cost	90,511	908,650	999,161	999,161

12.Debtors
				Total	Total
				2022	2021
				f	f
Grants and	donations		receivable	169,519	129,194
Bank interest		receivable		1,151	3,999
Investment	income receivable			16,566	20,806
Barn rent receivable				24,890	23,765
Other debtors				9,946	528
				222,072	178,292
Prepayments				1,194	2,526
				223,266	180,818

		Total	Total
		2022	2021
		E	E
Trade Creditors		13,248	3,704
Unpaid	Grants	1,095,900	333,166
Deferred Income		21,162	20,463
Employee tax and social security		7,437	13,281
VAT		8,770	12,908
Staff Pension scheme contribution		3,529	2,440
		1,150,046	385,962
Accruals		108,743	215,599
		1,258,789	601,561

						31March	Net incoming/	Net incoming/	Investment	Transfers		31March
						2021	(outgoing)	resource	Gains/(losses)			2022
							6		6	6	6
Ambassadors						92,280		(576)	974	0		92,678
Alan Higgs Fund						0		0	22,769	490,000		512,769
Annie Bettman Fund						336,110		(2,097)	3,549	0		337,562
AXA						239,406		(1,494)	2,528	0		240,440
Birmingham fund						356,142		(1,117)	27,730	0		382,755
Birmingham Mail Charity		Fund						(360)	4,106	0		58,086
Coventry Lord Mayor						25,696		(160)	271	0		25,807
Coventry Nursing trust						408,248		(2,354)	6,655	0		412,549
DBOI Grassroots Fund						151,301		(1,001)	11,432	0		161,732
Friends Provident						14,062		(88)	149	0		14,123
Building Better Lives						2,651,498		(17,590)	184,012	0		2,817,920
George &Vera Bryan Grassroots				fund		213,504		(1,413)	16,132	0		228,223
Harry Weston Fund						0		58,579	685	400		59,664
Harry Payne Fund						3,417,957		0	310,705	0		3,728,662
Heart of England Fund						516,094		(3,220)	5,450	0		518,324
High Sheriff ofWarwickshire						201,959		(214)	14,828	0		216,573
James Kenning						56,593		0	4,884	0		61,477
Jumping Through Hoops						1,180,309		(4,663)	97,811	7,811		1,281,268
Kingscliffe Fund						196,110		(1,224)	2,071	0		196,957
Midlands Heart						127,015		(792)	1,341	0		127,564
Mills &Reeve Grassroots		Fund				70,727		(468)	5,344	0		75,603
Mike Holland fund						109,375		0	8,573	50,000		167,948
National Grid						84,169		(525)	889	0		84,533
Orbit Heart of England	Fund					184,969		(1,154)	1,953	0		185,768
Property for Kids Grassroots			Fund			27,789		(184)	2,100	0		29,705
PSA Peugeot Citroen						416,031		(2,596)	4,393	0		417,828
Rolls Royce						78,144		(488)	825	0		78,481
Sandwell Community	Fund					352,535		0	47,300	0		399,835
Solihull Community Foundation						292,893		0	8,402	0		301,295
Torrington House						238,631		(1,486)	2,515	0		239,660
Trustees' New Deal						92,742		0	7,806	2,640		103,188
Warwick Lying -in -trust Willenhall Community Trust						45,865 71~		(304) 0	3,465 6,157	0 0		49,026 77,505
Youell Family Fund 1						1,645,792		(8,054)	44,260	0		1,681,998
Youell Family Fund 2						733,220		0	0	0		733,220
Donor Control Accounts						1,241,978		66,121	0	(550,851)		757,248
Investment income/Investment				Management	costs	0		330,640	0	(330,640)		0
						15,924,832		401,718	862,064	(330,640)		16,857,974

The previous table includes	the following	funds	relating to	the Community	First Programme
		31	March	Net incoming	Investment	Transfers	31March
			2021 f	Resources f	Gains/(losses) 6	6	2022 E
Coventry Nursing trust Harry Payne Fund High Sheriff ofWarwickshire James Kenning Solihull Community Foundation Trustees' New Deal Willenhall Community Trust Youell Family Fund 1		30,947 3,417,957 167,611 56,593 277,358 89,538 71,348 354,891		0 0 0 0 0 0 0 0	2,671 310,704 14,465 4,884 23,937 10,446 7,806 30,628	0 0 0 0 0 0 2,640 0	33,618 3,728,661 182,076 61,477 301,295 99,984 81,794 385,519
		4,466,243		0	405,541	2,640	4,874,424
15.Restricted Funds
		31March		Income	Expenditure	Transfers	31March
			2021 f	f	f	f	2022 6
Core
Big Lottery Fund, European	Social Fund,
Building Better Opportunities PSA Peugeot Gtroen (in Kind)			32,867 0	135 59,170	(199) 59,170	0 0	33,201 0
			32,867	59,305	58,971	0	33,201

						31March	Income	Expenditure	Transfers	31March
						2021				2022
Distributable grants						E	E	E	E	E
29th May 1961Charitable			Trust			4,179	16,500	12,250	0	8,429
ACE lets Create Jubilee						0	330,787	330,787	0	0
Alan Edward Higgs Charity						10,000	0	4,000	6,916	12,916
Annie Bettman Fund						3,842	0	0	1,430	5,272
AXA						8,270	0	7,903	2,279	2,646
Band Hatton Button						2,311	0	0	0	2,311
Birmingham Funds						28,451	0	17,218	70,564	81,797
Birmingham Mail Charity			Fund			31,796	0	28,537	233	3,492
Birmingham Sports						16,828	1,800	2,680	0	15,948
Building stronger Britain Building better lives		together			(BSBT)	(2) 63,207	0 0	0 11,220	0 22,780	(2) 74,767
Community Energy Warwickshire						16,753	6,918	4,500	0	19,171
Communities uncovered						12,977	0	12,977	0	0
Coronavirus Resilience	Fund					112,258	(40)	109,257	0	2,961
Coventry Building Society						75,874	70,000	76,585	0	69,289
Coventry City ofCulture		Fund				0	90,000	82,454	0	7,546
Coventry Nursing Trust						11,182	0	11,182	2,063	2,063
Deutsche Bank						18,357	31,500	14,800	0	35,057
Drayton Manor Park						17,290	0	947	0	16,343
Edgbaston Emergency	Food fund					29,101	2,860	31,961	0	0
Esme Fairbairn Foundation						16,323	56,250	10,000	0	62,573
GB Partnership						3,054	0	3,053	0	1
Get Ready Fund						2,296	0	0	0	2,296
Graham Griffiths Fund						0	115,000	10,830	0	104,170
Building better lives						550,137	0	60,519	0	489,618
Harrison Beale 8 Owen						10,900	(5)	0	0	10,895
Harry Payne Fund						29,482	0	103,815	100,539	26,206
Harry Weston Fund						0	0	0	1,044	1,044
Heart of England co-operative				Society		9,468	50,000	34,300	0	25,168
Heart of England Fund						25,064	25,000	2,000	10,417	58,481
High Sheriff's Fund						5,436	31,009	4,200	3,621	35,866
JLR Solihul Employees	Charity			Fund		0	56,861	15,000	0	41,861
James Kenning						0	0	2,000	2,000	0
Jumping Through Hoops						6,644	0	823	9,424	15,245
Kingscliffe Fund						3,592	0	3,591	834	835
Sub total carried Forward						1,125,070	884,440	1,009,389	234,144	1,234,265

				31March	Income	Expenditure	Transfers	31March
				2021				2022
Distributable grants				f	f	f	f	f
Sub Total Brought Forward				1,125,070	884,440	1,009,389	234,144	1,234,265
Leamington				5,760	3,293	2,279	0	6,774
Longleigh				19,084	0	0	0	19,084
Love my Keresley Community				18,200	0	0	0	18,200
Made by Sport				239,835	9,746	249,581	0	0
Mayflex UK Fund				0	9,200	1,200	0	8,000
Mike Holland Trust				2,970	0	2,969	2,847	2,848
NNS Birmingham City		Council		(27,582)	287,000	230,360	0	29,058
NNS Food Bank NNS Track 8Trace				0 0	100,000 50,000	0 0	0 0	100,000 50,000
Northfields Emergency		Assistance	fund	37,520	0	37,520	0	0
Orbit Heart of England		Fund		9,812	221,727	113,191	1,632	119,980
Positive Futures				15,716	45,000	55,076	0	5,640
Pedimore fund				39,165	27,000	39,680	0	26,485
PSA Peugeot Citroen				20,206	0	13,046	3,670	10,830
Road to 21				5,321	0	0	0	5,321
Sandwell Community		Fund		18,809	0	0	7,286	26,095
SEGRO				422	0	0	0	422
Solihull Community	Foundation			6,735	0	2,500	1,330	5,565
Solihull Celebrating	Communities			0	121,441	37,620	0	83,821
Solihull Winter Welbeing				(1,760)	302,321	192,212	0	108,349
Stellantis Employee	Fund			0	21,004	3,085	0	17,919
Tipton Education Fund				49,910	10,800	9,312	0	51,398
The David East Fund				0	91,840	32,120	0	59,720
Torrington House				16,582	579	0	2,101	19,262
Warwickshire Country		Council		0	1,000,000	1,000,000	0	0
Wesleyan fund				213,377	50	175,598	0	37,829
Women and Girls				15	0	0	0	15
Warwickshire Recycling				3,925	0	0	(3,925)	0
Youell family fund				53,651	0	9,320	21,563	65,894
Young at Heart				581,094	0	39,974	(10,000)	531,120
				2,453,837	3,185,441	3,256,032	260,648	2,643,894

16. Designated		Funds
			31March	Income	Expenses	Gains/	Transfers	31March
			2021 f	f	f	(losses) f	f	2022 f
Arts Council			0	7,939	0	0	0	7,939
Building Better		Lives	110,833	0	0	0	0	110,833
BBO Provision			120,463	0	0	0	0	120,463
Birmigham City		Council	0	0	0	0	12,620	12,620
Cadbury Fund			6,250	0	0	0	0	6,250
Coventry Building Society			10,500	7,000	0	0	(10,500)	7,000
City of Culture Heart of England Fund			0 200,000	0 0	0 57,599	0 0	9,000 100,000	9,000 242,401
David East Fund			0	0	0	0	5,000	5,000
Esme Fairbairn		Fund	0	0	0	0	6,250	6,250
Jaguar Fund			0	0	0	0	4,944	4,944
Made by Sport			20,855	0	0	0	(20,855)	0
Mayflex Fund			0	0	0	0	800	800
Orbit			0	0	0	0	8,445	8,445
Pandemic Recovery Fund			100,000	0	0	0	(100,000)	0
Solihull Fund			0	0	0	0	14,281	14,281
Warwickshire	County Council		0	27,096	0	0	0	27,096
Wesleyan			34,000	0	0	0	(34,000)	0
Youell Family Fund			682,426	0	4,532	59,911	0	737,805
			1,285,327	42,035	62,131	59,911	(4,015)	1,321,127

			General	Designated	Restricted	Endowment	Totalfunds
			Funds f	Funds	Funds	funds f	2022 f
Tangible Fixed Assets			1,472	0	0	0	1,472
Investments			271,780	737,804	0	16,100,724	17,110,308
Bank and Cash Balances			330,710	583,323	3,719,816	757,250	5,391,099
Debtors			70,445	0	152,821	0	223,266
Creditors			(63,247) 611160	0 1321127	(1,195,542) 2677095	0 16857974	(1,258,789) 21467356
18. Reconciliation	ofnet income to net cash flow			from operating	activities
						2022	2021
						f	f
Net income for year					1,162,589		936,151
Dividend received					(339,971)		(300,993)
Rents received from	investment		properties			(88,668)	(85,183)
Interest receivable Depreciation and impairment		of	tangible fixed assets			(5,073) 4,245	(7,820) 4,247
(Gains)/Losses on investments					(921,975)		(2,712,726)
Receipt of endowment					(116,618)		(193,594)
(Increase)/decrease	in debtors					(42,448)	(40,881)
Increase/(decrease)	in creditors					657,228	391,643
Net cash flow from	operating	activities				309,309	(2,009,156)
Analysis of Net Debt
				1/4/2021		Cashflow	31/3/2022
Cash and cash equivalents

			2022	2021
			f	E
Financial Assets
Measured at fair value	through	net income/expenditure:
Fixed asset investments	(note	11)	15,716,627	14,295,931
Measured at amortised	cost:
Barn rent receivable (note 12)			24,890	23,765

The income, expenditure,	net gains and net lo	sses attributable to the charity 's	financial instruments	are as follo
			2022	2021
			F.	E
Net gains and losses
Financial assets measured	at fair value through	net income/expenditure	921,975	2,712,726

Total future minimum lease payments collectable und	er non-cancellable operating leases:
	2022	2021
	6	6
Within one year 1-5years More than 5 years	87,700 15,886 0	86,318 35,182 0
Total	~103586	~121500