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





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||||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||2023|2022|
|||||Notes|||
|Income from:|||||||
|Donations<br>and|legacies|||3|94,904,085|2,534|
|Investments||||4|6,115||
|Total income|||||94,910,200|2,534|
|Ex enditure on:|||||||
|Charitable<br>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)|





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|||||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<br>funds|||||||
|General<br>unrestricted||funds||91,782,060|(2,800,995)||
|Trust capital||||100|100||
|||||91,782,160||(2,800,895)|
|||||91,782,160||(2,800,895)|



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||||||2023||2022||
|---|---|---|---|---|---|---|---|---|
|||||Notes|||||
|Cash flows from operating||activities|||||||
|Cash generated<br>from/(absorbed|||by)||||||
|operations|||||26,840,360|||(115,318)|
|Investing<br>activities|||||||||
|Investment<br>income received|||||6,115||||
|Net cash generated<br>from/(used|||in)||||||
|investing<br>activities|||||6,115||||
|Financing<br>activities|||||||||
|Repayment<br>of borrowings|||||(2,797,893)|115,278|||
|Net cash (used in)/generated|||from||||||
|financing<br>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<br>in hand|||||24,049,090|||538|
|Bank overdrafts<br>included|in|creditors payable|||||||
|within one year||||||||(30)|





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||||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||





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||||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|



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|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|



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|2023|2022|
|---|---|
|Number|Number|





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|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|



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



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





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|Analy|sis ofchan|ges<br>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|