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





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|||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2022|2021|
||||Notes|f|f|
|Income from:||||||
|Donations<br>and <br>Investments|legacies|||20,000<br>212,864|538,509<br>54|
|Tote I income||||232,864|538,563|
|~E*<br>det||||||
|Charitable<br>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|





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||||||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|





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|||||||2022||2021||
|---|---|---|---|---|---|---|---|---|---|
|||||Notes|f||f|||
|Cash flows from operating|||activities|||||||
|Cash (absorbed<br>by)/generated|||from|13||||||
|operations||||||(3,688,504)|||207,829|
|Investing|activities|||||||||
|Proceeds|from disposal<br>of|investments|||21,688,230|||||
|Investment|income received||||212,864||54|||
|Net cash|generated<br>from|investing||||||||
|activities||||||21,901,094|||54|
|Net cash|used in financing||activities|||||||
|Net increase<br>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|





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||||||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|



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





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





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



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|2022|2021|
|---|---|
|8|8|
|997,026|1,680|



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