## |||Page|| |---|---|---|---| |Report ofthe Trustees|1|to|3| |Report ofthe Xndependent
Auditors|4|to|5| |Statement
of Financial Activities|||| |Balance Sheet|||| |Cash Flow Statement|||| |Notes to the Cash Flow Statement|||| |Notes to the Financial Statements|10|to|15| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||2022|2021| |---|---|---|---|---| ||||Unrestricted|Total| ||||fund|funds| |||Notes|E|E| |INCOME FROM||||| |Investment
income|||417,151|452,420| |EXPENDITURE ON||||| |Portfolio management|||1,456|102| |Charitable
activities||||| |Charitable
Activities|||475,657|449,300| |Other|||18,516|18,464| |Total|||495,629|467,866| |Net gains/(losses)|on investments||(1,087,899)|2,219,041| |NET INCOME/(EXPENDITURE)|||(1,166,377)|2,203,595| |RECONCILIATION|OF FUNDS|||| |Total funds
brought|forward||16,982,645|14,779,050| |TOTAL FUNDS CARRIED FORWARD|||15,816,268|16,982,645| ## ## |BALANCE SHEET
30September 2022||||| |---|---|---|---|---| ||||2022|2021| ||||Unrestricted|Tota
I| ||||fund|funds| |||Notes||F| |FIXED ASSETS||||| |Investments|||14,589,562|15,167,689| |CURRENT ASSETS||||| |Cash at bank|||1.,231,278|1,818,870| |CREDITORS||||| |Amounts
falling due within|one year|10|(4,572)|(3,914)| |NET CURRENT ASSETS|||1,226,706|1,814)956| |TOTAL ASSETS LESSCURRENT||||| |LIABILITIES|||15,816,268|16,982,645| |NET ASSETS|||15,816,268|16,982,645| |FUNDS||||| |Unrestricted
funds|||15,816,268|16,982,645| |TOTAI
FUNDS|||15,816,268|16,982,645| ## |For The Year Ended 30Sep|tember
2022||| |---|---|---|---| |||2022|2021| ||Notes|E|| |Cash flows from operating|activities||| |Cash generated
from operations||(495,362)|(467,647)| |Net cash used
in operating
activities||(495,362)|(467,647)| |Cash flows from investing|activities||| |Purchase
of fixed asset investments
Sale of fixed asset investments
Interest
received
Dividends
received||(42,302,593)
41,793,212
9,200
407,951|(8,065,534)
4,617,905
4,688
447,732| |Net cash used
in investing
activities||(92,230)|(2,995,209)| |Change
in cash and cash|||| |equivalents
in the reporting
Cash and cash equivalents|period
at the|(587,592)|(3,462,856)| |beginning
ofthe reporting|period|1,818,870|5,281,726| |Cash and cash equivalents
end ofthe reporting
period|at the|1,231,278|1,818,870| ## ## |
OPERATING ACTIVITIES||||| |---|---|---|---|---| ||||2022|2021| |||||E| |Net {expenditure)/income
the Statement of Financial
Adjustments
for:|for the reporting
Activities)|period {asper|(1,166,377)|2,203,595| |Losses/(ga
in}on investments
Interest
received
Dividends
received
Unrealised
(Gains)/Losses
on
Cash re-valuation
Increase
in creditors|investment||S88,092
(9,200)
(407,951)
199,807
(391)
658|(189,018)
(4,6SS)
(447,732)
(2,030,023)
219| |Net cash used in operations|||(495,362)|(467,647)| ## ## |ANALYSIS OF CHANGES IN NET|FUNDS||| |---|---|---|---| ||At 1.10,21
f|Cash flow
E|At 30,9.22| |Net cash|||| |Cash at bank|1,818,870|(587,592)|1,231,278| ||1,818,870|(587,592)|1,231,278| |Total|1,818,870|(587,592)|1,231,278| ## ## ## |For|
The Year Ended|
The Year Ended|
The Year Ended|30Septemb|er
202|
2|||||| |---|---|---|---|---|---|---|---|---|---|---|---| |2.|INVESTMENT|||INCOME|||||||| |||||||||||2022|2021| ||Interest
Dividends|||||||||9,200
407,951|4,688
447,732| |||||||||||417,151|452,420| |3.|PORTFOLIO||MANAGEMENT||||||||| ||Investment||management||costs||||||| |||||||||||2022|2021| ||||||||||||f| ||Portfolio management|||||||||1,456|102| |4.|CHARITABLE|||ACTIVITIES|COSTS||||||| ||||||||||||Grant| ||||||||||||funding
of| ||||||||||||activities| ||||||||||||(see note| ||||||||||||5)| ||Charitable|Activities|||||||||475,657| |S.|GRANTS|PAYABLE|||||||||| |||||||||||2022|2021| |||||||||||E|| ||Charitable|Activities||||||||475,657|449,300| ||The total grants|||paid to organisations||during|the|year was as follows:|||| |||||||||||Year ended|Year ended| |||||||||||30.09.22|30.09.21| ||||||||||||E| ||Other Charitable|||organisations||||||475,657|449,300| |6.|SUPPORT COSTS||||||||||| |||||||||||Governance|| |||||||Management|||Finance|costs|Totals| ||||||||E||E||E| ||Other resources|||expended||||514|71|17,931|18,516| ## ## ## |Support|cost|s, included|in the above, are as follows:||| |---|---|---|---|---|---| |||||2022|2021| |||||Other|| |||||resources|Total| |||||expended
f|activities
f| |Postage|and|stationery||514|284| |Bank charges||||71|82| |Auditors'
remuneration
Accountancy
Legal fees||||2,127
1,395
702|1,080
1,044| |Cons u Ita|ncy|||13,707|15,974| |||||18,516|18,464| |AUDITORS'||REMUNERATION|||| |||||2022|2021| ||||||f| |Auditors'
Auditor's|remuneration
remuneration||- Non audit|1,440
1,560|1,080
1,044| |||||3,000|2,124| ## ## ## ## |FIXEDA|SSET INVESTMENTS||| |---|---|---|---| |||2022|2021| |||f|f| |Shares
Corporate|Bonds|14,489,562
100,000|15,067,689
100,000| |||14,589,562|15,167,689| ## ## |Additional
informa|tion
as follows;|||| |---|---|---|---|---| ||||Cash and|| |||Quoted|settlements|| |||shares|pending|Totals| |||||E| |MARKET VALUE||||| |At 1October 2021||14,111,615|956,074|15,067,689| |Additions||14,077,956|28,224,637|42,302,593| |Disposals
Unrealised
gains/(losses)
Realised gains/(losses)||(13,285,435)
(199,807)
(887,701)|{28,507,777)|(41„793,212)
{199,807)
(887,701)| |At 30 September|2022|13,816,628|672,934|14,489,562| |NET BOOK VALUE||||| |At 30 September|2022|13,816,628|672,934|14,489,562| |At 30 September|2021|14,111,615|956,074|15,067,689| |HISTORICAL COST||||| ||UK|Overseas|2022|2021| ||||E|| |Listed investments|7,693,187|6,323,248|14,016,435|12,730,244| |Cash|672,934||672,934|956,074| ||8,366,121|6,323,248|14,689,369|13,686,318| |INVESTMENTS AT MARKET VALUE COMPRISE:||||| ||UK|Overseas|2022|2021| ||||E|f| |Listed investments
Cash|7,550,748
672,934|6,265,880|13,816,628
672,934|14,111,615
956,074| ||8,223,682|6,265,880|14,489,562|15,067,689| |Cost or v|alua|tion
at 30 September
2|022 is represented
by:||| |---|---|---|---|---|---| |||||Cash and|| ||||Quoted|settlements|| ||||shares|pending|Totals| ||||E|E|| |Valuation
Cost|in|2022|(199,806)
14,016,434|672,934|(199,806)
14,689,368| ||||13,816,628|672,934|14,489,562| |2022|2021| |---|---| ||E| |100,000|100,000| ## |10.|CREDITORS:|CREDITORS:|AMOUNTS|FALLING DUE WITHIN|ONE YEAR||| |---|---|---|---|---|---|---|---| |||||||2022|2021| ||||||||E| ||Other creditors|||||4,572|3,914| |11.|MOVEMENT IN FUNDS||||||| |||||||Net|| ||||||At|movement|At| ||||||1.10.21|in funds|30.9.22| ||Unrestricted||funds||||| ||General|fund|||16,982,645|(1,166,377)|15,816,268| ||TOTAL|FUNDS|||16,982,645|(1,166,377)|15,816,268| |Net mo|vement|in funds,
included|in the above are as fo|llows:||| |---|---|---|---|---|---|---| ||||Incoming|Resources|Gains and|Movement| ||||resources|expended|losses|in funds| ||||E||E|| |Unrestricted||funds||||| |General|fund||417,151|(495,629)|(1,087,899)|(1,166,377)| |TOTAL|FUNDS||417,151|(495,629)|(1,087,899}|(1,166,377)| ## |Compa|ratives|for movement
in fun|ds||| |---|---|---|---|---|---| |||||Net|| ||||At|movement|At| ||||1.10.20|in funds|30.9,21| |Unrestricted||funds|||| |General|fund||14,?79,050|2,203,595|16,982,645| |TOTAL|FUNDS||14,779,050|2,203,595|16,982,645| |Compar|ative|net movement
in f|unds,
included
in the ab|ove are as foll|ows:|| |---|---|---|---|---|---|---| ||||Incoming|Resources|Gains and|Movement| ||||resources
E|expended
f|losses|in funds| |Unrestricted||funds||||| |General|fund||452,420|(467,866}|2,219,041|2,203,595| |TOTAL|FUNDS||452,420|(467,866)|2,219,041|2,203,595| ## ## |A curren|t yea|r 12 months
and prior ye|ar 12 months
combined
position|is as follows:|| |---|---|---|---|---|---| |||||Net|| ||||At|movement|At| ||||l.10.20|in funds|30.9.22| |Unrestricted||funds|||| |General|fund||14,779,050|1,037,218|15,816,268| |TOTAL|FUNDS||14,779,050|1,037,218|15,816,268| ||||Incoming|Resources|Gains and|iviovement| |---|---|---|---|---|---|---| ||||resources|exp encl eel|losses|in funds| ||||E|E|E|| |Unrestricted||funds||||| |General|fund||869,571|(963,495)|1,131,142|1,037,218| |TOTAL|FUNDS||869,571|(963,495)|1,131,142|1,037,218| ## ## ## ##