2023-02-28-accounts

		Page
Trustees' report		1-3
Independent auditor's	report	4-6
Statement offinancial	activities
Balance sheet
Notes to the financial	statements	10-16

					Unrestricted	Unrestricted
					funds	funds
					2023	2022
				Notes
Income from:
Donations and	legacies			3	94,904,085	2,534
Investments				4	6,115
Total income					94,910,200	2,534
Ex enditure on:
Charitable activities					13,675	6,096
Net income/(expenditure)			for the year		94,896,525	(3,562)
Other recognised		gains	and losses
Other gains or	losses			10	(313,470)	(115,266)
Net movement	in funds				94,583,055	(118,828)
Fund balances	at 1 March		2022		(2,800,895)	(2,682,067)
Fund balances	at	28 February 2023			91,782,160	(2,800,895)

				2023	2022
			Notes
Current assets
Debtors				67,743,870	30
Cash at bank and	in	hand		24,049,090	538
				91,792,960	568
Creditors: amounts		falling due within
one year			13	(10,800)	(2,801,463)
Net current assets/(liabilities)				91,782,160		(2,800,895)
Income funds
Unrestricted funds
General unrestricted		funds		91,782,060	(2,800,995)
Trust capital				100	100
				91,782,160		(2,800,895)
				91,782,160		(2,800,895)

					2023		2022
				Notes
Cash flows from operating		activities
Cash generated from/(absorbed			by)
operations					26,840,360			(115,318)
Investing activities
Investment income received					6,115
Net cash generated from/(used			in)
investing activities					6,115
Financing activities
Repayment of borrowings					(2,797,893)	115,278
Net cash (used in)/generated			from
financing activities					(2,797,893)			115,278
Net increase/(decrease)	in	cash and		cash
equivalents					24,048,582			(40)
Cash and cash equivalents		at beginning		ofyear	508			548
Cash and cash equivalents		at	end of	year	24,049,090			508
Relating to:
Cash at bank and in hand					24,049,090			538
Bank overdrafts included	in	creditors payable
within one year								(30)

			Unrestricted	Unrestricted
			funds	funds
			2023	2022
			f	f
	Donations	and gifts	94,904,085	2,534
4	Other income
			Unrestricted	Total
			funds
			2023	2022
			f	E
	Interest receivable		6,115

			Charitable	Charitable
			activities	activities
			2023	2022
Donations	paid		1,751	1,756
Share of	governance	costs (see note 6)	11,924	4,340
			13,675	6,096

Support	costs
		Support	Governance	2023	Support	Governance	2022
		costs	costs		costs	costs
					E	F
Accountancy			4,506	4,506		4,109	4,109
Secretarial	fees					89	89
Bank charges			515	515		142	142
Interest payable			3	3
Auditor remuneration			6,900	6,900
			11,924	11,924		4,340	4,340
Analysed	between
Charitable	activities		11,924	11,924		4,340	4,340

2023	2022
Number	Number

Other g	ains or losses
		Unrestricted	Unrestricted
		funds	funds
		2023	2022
Foreign	exchange gains/(losses)	(313,470)	(115,266)
Debtors
		2023	2022
Amounts	falling due within one year:
Trade debtors			30
Other debtors		67,743,870
		67,743,870	30
Loans and overdrafts
		2023	2022
			f'
Bank overdrafts			30
Loans from related parties			2,797,893
			2,797,923
Payable	within one year		2,797,923

Creditors: amounts falling due within o	ne year
	Notes	2023f	2022 f
Bank overdrafts	12		30
Other borrowings			2,797,893
Accruals		10,800	3,540
		10,800	2,801,463

Cash generated from	operations	operations				2023 f	2022
Surplus/(deficit) for the	year					94,896,525	(3,562)
Adjustments for:
Investment income recognised		in	statement	offinancial	activities	(6,115)
Foreign exchange differences						(313,470)	(115,266)
Movements in working	capital:
(Increase) in debtors						(67,743,840)	(30)
Increase in creditors						7,260	3,540
Cash generated from/(absorbed			by) operations			26,840,360	(115,318)

Analy	sis ofchan	ges in net funds/(debt)
			At 1 March 2022	Cash flows	At 28 February
					2023
Cash	at bank and	in hand	538	24,048,552	24,049,090
Bank	overdrafts		(30)	30
			508	24,048,582	24,049,090
Loans	falling due	within one year	(2,797,893)	2,797,893
			(2,797,385)	26,846,475	24,049,090