2022-12-31-accounts

		Page
Trustees' report		1-3
Independent auditor's	report	4-6
Statement offinancial	activities
Balance sheet
Notes to the financial	statements	10 - 15

				Unrestricted	Unrestricted
				funds	funds
				2022	2021
			Notes	f	f
Income from:
Donations and Investments	legacies			20,000 212,864	538,509 54
Tote I income				232,864	538,563
~E* det
Charitable activities			4	4,703,850	330,680
Net gains/(losses)		on investments	9	21,688,230
Net income for the year/
Net movement	in funds			17,217,244	207,883
Fund balances	at 1 January 2022			549,463	341,580
Fund balances	at	31 December 2022		17,766,707	549,463

					2022	2021
				Notes	6
Current assets
Cash at bank and		in	hand		18,763,733	551,143
Creditors:	amounts		falling due within
one year					(997,026)	(1,680)
Net current	assets				17,766,707		549,463
Income funds
Unrestricted	funds				17,766,707		549,463
					17,766,707		549,463

						2022		2021
				Notes	f		f
Cash flows from operating			activities
Cash (absorbed by)/generated			from	13
operations						(3,688,504)			207,829
Investing	activities
Proceeds	from disposal of	investments			21,688,230
Investment	income received				212,864		54
Net cash	generated from	investing
activities						21,901,094			54
Net cash	used in financing		activities
Net increase in cash and cash equivalents						18,212,590			207,883
Cash and	cash equivalents	at beginning		ofyear		551,143			343,260
Cash and	cash equivalents		at end of	year		18,763,733			551,143

					Unrestricted	Unrestricted
					funds	funds
					2022f	2021
Donations					20,000	538,509
Donations	and gifts
True Potential		Group				538,509
FTV Management			Company	LP	20,000
					20,000	538,509
Investments
					Unrestricted	Unrestricted
					funds	funds
					2022	2021
						8
Income from	investments				151,993
Interest receivable					60,871	54
					212,864	54

				Charitable	Charitable
				activities	activities
				2022	2021
				f	6
Computer	costs			3,005
Grant funding ofactivities (see note 5) Share ofgovernance costs (see note 6)				4,697,545 3,300	329,000 1,680
				4,703,850	330,680

					Charitable	Charitable
					activities	activities
					2022	2021
					6	6
Grants to institutions:
Big Issue Company Beacon of Light Social Mobility Pledge Barnet and District AC					30,000 180,000 5,000	40,000 70,000 180,000
Newcastle United Foundation					60,000
Antigua and Barbuda	Institute				4,000,000
Foundation of Light					82,000
Chronicle Sunshine	Fund				8,103
Halo Foundation Inc					254,976
The Dales School					10,000
Altruism Limited First Stop Darlington Tynedale Hospice at Sick Children's Trust Open University	Home				41,466 1,000 5,000 20,000	9,600 3,000 10,000 10,000 5,000
Other						1,400
					4697545	329000
Support costs
			Support	Governance	2022	2021
			costs	costs
			6	6
Independent examination Audit fees		fees		3,300	3,300	1,680
				3,300	3,300	1,680
Analysed between
Charitable activities				3,300	3,300	1,680

					Unrestricted	Total
					funds
					2022	2021
Gain/(loss)	on	sale	of	investments	21,688,230

2022	2021
8	8
997,026	1,680

13	Cash generated from operations	Cash generated from operations			2022f	2021 f
	Surplus for the year				17,217,244	207,883
	Adjustments for:
	Investment income recognised	in statement	offinancial	activities	(212,864)	(54)
	Gain on disposal ofinvestments				(21,688,230)
	Movements in working capital:
	Increase in creditors				995,346
	Cash (absorbed by)/generated	from operations			(3,688,504)	207,829