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||Page|
|---|---|
|Reference and administrative detailsofthe Charity, its Trustees and advisers|1|
|Trustees' report|2-5|
|Independent auditors' report onthefinancial statements|6-9|
|Statementoffinancial activities|10|
|Balance sheet|11|
|Statementofcashflows|12|
|Notestothe financial statements|13-27|





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|||Unrestricted|Endowment|Total|_Total_|
|---|---|---|---|---|---|
|||funds|funds|funds|_funds_|
|||2023|2023|2023|_2022_|
||Note|£|£|£|£|
|Income andendowmentsfrom:||||||
|Donations and legacies|3|820||820|_345_|
|Investments|4|727,881||727,881|_586,813_|
|Totalincomeandendowments||728,701||728,701|_587, 158_|
|Expenditure on:||||||
|Charitable activities|6|615,155||615,155|_579, 179_|
|Total expenditure||615,155||615, 155|_579, 179_|
|Netincomebeforenet(losses)/gains||||||
|on investments||113,546||113,546|7,979|
|Net (losses)/gainsoninvestments|||(1,215,683)|(1,215,683)|_387,459_|
|Netmovementinfunds||113,546|(1,215,683)|(1,102,137)|_395,438_|
|Reconciliationoffunds:||||||
|Total funds brought forward||236,964|14,574,853|14,811,817|_14,416,379_|
|Net movement in funds||113,546|(1,215,683)|(1,102, 137)|_395,438_|
|Totalfundscarriedforward||350,510|13,359,170|13,709,680|_14,811,817_|





|||||||||BALANCE.SHEET~|BALANCE.SHEET~|BALANCE.SHEET~|BALANCE.SHEET~|BALANCE.SHEET~|BALANCE.SHEET~|BALANCE.SHEET~|BALANCE.SHEET~|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||AS'AT3'1|||MARCH2023||||||||||||||||||
||||||||,|<br>.||~·.|'|<br>'||•|_!_|||||||||||||
|||||||||||||||||||..||||||||||
||||||||||||||||_j,'_|||||||||||||
||||||||||||||||||||||2023-||||||_2022'_|
|||||||||Note||||||||||||||£|||||£|
||Fixedassets|||||||||||||||||||||||||||
||Investments||||||||||||||'|13;260,411||||||||.|__{4,480,307_|||
|||||||||||||||||||||||||'|14,480,~07'|||
||Current assets.|||||||||||||||||||||||||||
||Debfurs • ·|||||||11||'|'·<br>1,1~~944,|||||||||||||||||
|.Jnvestm~nts.||||||||12|||1o4.42o||||||||||||_:102/26.6_|||||
|··cast:iatb~n'5and-inh~nd|||||||||||·-24g,845||||||||||||.,'_254,2,44_:|||||
||||||||||||'·.474t09.<br>I<br>'||||||||||||··._$56,s1<r_|||||
|.|Creditor.j:a~ountsfalling due.withinone'.)<br>y~ar<br>1<br>•|||||||13|||;.<br>. ·|<br>(2~|;<br>10bO)....||||'<br>|||||||||||
||. Netcun:entassetS||||||||||||||||. 449,209. '||||||.|||_331;510,_||
||||||||||||||||||||..|<br>'||||||||
|.:Totalassetsle~cu.rrentli~bilities||||||||||||||||'13)09~689;_:_. '|||||||||_11:,811,811_|||
|'|NetassetSexcluding~ns•onas~~t.:·<br> <br>,. . ..<br>~··<br>'<br>.<br>'|||||||||||||||-~{3,109,680||||||||:-|_14,B1j,B17_|||
||Tota,1'net assets||||||||||||||·.·13109eso<br>_,<br>·'..||||||||||_14_<br>_J_|_811817_<br> <br>.<br>_I_||
||Charityflinds|||||||||||||||||||||||||||
||~EndoWrTlenffunds|||||||14|..|||||||13,359,170 .<br>';<br>'<br>~.|||||||||_14;57.4,853·_|||
||;Restricte_d.funds·|||||||14||||||||'"||',||:.,||-·||||||
||Unr~~triCt~funds|||||||14|||||||||.||35Q,510|||||||||
||Total.funds|||||||||||||||,t3'109eao·<br>. ,<br>**1**<br>;<br>-~||||||||||||
|' ,T~efinanclaLstatemehtswere<br>.<br>'•<br>'|||||ap~rqved:a~d-authorjsed<br>..,,<br>\~.<br>~".<br>."||||||for|l~s~J:~Yth~<br>"<br>''·<br>.|||||T~~tee~~iidsi~ned~~-thel·~b~h~~·b;'<br>,<br>._:_<br>.".~<br>..<br>.<br>.'<br>'... .<br>-.|||||||||||
||Anthony JohnBolto~|||||||||||||||||||||||||||
||'{Trustee)23October<br>.Date:<br>··.·<br>:||2023:||<br>.|||||||||||||||||||||||






## 

## 

|||2023|_2022_|
|---|---|---|---|
||Note|£|£|
|Cash flows from operating activities||||
|Net cash used in operating activities|17|(4,399)|_9,977_|
|Cash flows from investing activities||||
|Proceeds from saleofinvestments||3,311,466||
|Purchaseofinvestments||(3,309,312)|_(4,781)_|
|Net cash provided by/(used in) investing activities||2,154|(4,781)|
|Cash flows from financing activities||||
|Net cash provided by financing activities||||
|Change in cash and cash equivalents in the year||(2,245)|5,196|
|Cash and cash equivalents at the beginningofthe year||356,510|_351,314_|
|Cash and cash equivalents at the endofthe year|18|354,265|_356,510_|
|The notesonpages 13 to 27 form partofthese financial statements||||





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|Unrestricted|Total|
|---|---|
|funds|funds|
|2023|2023|
|£|£|
|820|820|
|_Unrestridted_|_Total_|
|_funds_|_funds_|
|_2022_|_2022_|
|£|£|
|_345_|_345_|



## 

||Unrestricted|Total|
|---|---|---|
||funds|funds|
||2023|2023|
||£|£|
|Investment income|727,050|727,050|
|Interest received|831|831|
||727,881|727,881|
||_Unrestricted_|_Total_|
||_funds_|_funds_|
||_2022_|_2022_|
||£|£|
|Investment income|_586,797_|_586,797_|
|Interest received|_16_|_16_|
||_586,813_|_586,813_|





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||Grantsto|Total|
|---|---|---|
||Institutions|funds|
||2023|2023|
||£|£|
|Grants payable|607,260|607,260|
||_Grantsto_|_Total_|
||_Institutions_|_funds_|
||_2022_|_2022_|
||£|£|
|Grants payable|_570,144_|_570,144_|





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|Unrestricted grants payable|||
|---|---|---|
||2023|_2022_|
||£|£|
|Disadvantaged_I_Disabled_I_Children&Young People Care Institution|||
|Renaissance Foundation|10,000||
|Magic Breakfast|10,000||
|Dreams Come True|5,000|_5,000_|
|Young People's Shop|5,000||
|Sense|2,400||
|Chichester Information Centre||_2,000_|
|Sick Children's Trust||_5,000_|
|Children's Bookfest||_5,000_|
|Life Centre||_5,000_|
|Petworth Youth Association||_5,000_|
||32,400|_27,000_|
|Disadvantaged_I_Disabled_I_Homeless Adult Care Institutions|||
|Family Support|20,000||
|Bramber Bakehouse|10,000||
|Refugee Council|10,000||
|St Barnabas Hospice|5,000||
|St Wilfreds Hospice|3,000||
|Changing Faces|2,500||
|Rother Valley Together||_15,000_|
|Homestart||_7,500_|
|The Therapy Garden||_5,000_|
|Re-engage||_5,000_|
|Young Women's Trust||_4,000_|
|Carers Support||_2,000_|
|Age UK||_2,000_|
||50,500|_40,500_|
|Medical Research_I_Medical Institutions|||
|Cystic Fibrosis|25,000||
|Cosmic|10,000||
|Alike|10,000|_20,000_|
|Coppafeel|10,000||
|Noah's Pink Balloon|10,000||





## 

|**Medical Research****_I_Medical Institutions (continued)**|||
|---|---|---|
|Dementia Support|5,000||
|Breast Cancer Now|5,000||
|Target Ovarian Cancer|2,500||
|Blood Pressure UK|2,000||
|Cancerwise|5,000||
|Alzheimer's Research||_15,000_|
|KSS Air Ambulance||_10,000_|
|Hope for Tomorrow||_10,000_|
|Tommy's||_5,000_|
|Bliss||_5,000_|
|West Sussex Mind||_5,500_|
|Pregnancy Options||_5,000_|
|St Wilfred's Hospice||_5,000_|
|Marie Curie||_5,000_|
|Anthony Nolan Trust||_3,000_|
||84,500|_88,500_|
|**Major Disaster Relief Funds**|||
|Shelterbox|30,000|_15,000_|
|Swiss Red Cross (for Ukraine R.C.)|21,442|_5,000_|
|Medecins Sans Frontieres UK||_30,000_|
|UNICEF||_30,000_|
|Save the Children||_30,000_|
|David Knott Foundation||_10,000_|
|The Refugee Council||_5,000_|
|Caritas Ukraine||_4,337_|
||51,442|_129,337_|
|**Community & Educational Institutions**|||
|St Mary's|25,000||
|Bishop Luffa|20,000||
|Sussex Community Foundation|20,000|_10,118_|
|North Paddington Foodbank|15,000||
|Stonepillow|10,000||
|West Sussex Mind|10,000||
|Chichester Foodbank|10,000||
|Trussel Trust|10,000||
|Midhurst PCC|10,000||
|Midhurst Community Hub|7,000||
|Life Centre|5,000||
|Pregnancy Options|5,000||





## 

|**Community& Educational Institutions (continued)**|||
|---|---|---|
|Re-Engage|5,000||
|Life 2009|3,000||
|Carers Support|3,000||
|4 Sight Vision|3,000||
|PCC Trotton|2,000||
|South Downs National Park||_25,000_|
|Easebourne Parish||_13,000_|
|Investment Management Guild||_10,000_|
|Project Wingman||_10,000_|
|Chichester Cathedral||_5,000_|
|UK Harvest||_5,000_|
|RNIB||_2,000_|
|Midhurst Green||_2,000_|
||163,000|_82,118_|
|**International**|||
|Children on the edge|20,000||
|Halo Foundation|10,210||
|The Care Project|10,000|_6,827_|
|Street Child|10,000||
|Island Academy|8,326|_21,962_|
|Friends of Kagando|7,500||
|Elizabeth's Smile|4,282||
|Fund a Future|4,000|_3,200_|
|Mondo Challenge||_5,000_|
||74,318|_36,989_|
|**Environmental**|||
|Client Earth|5,000||
|Organic Research||_15,000_|
|Repowering||_10,000_|
||5,000|_25,000_|
|**Music**|||
|Sound & Music|100,000|_100,000_|
|Gerald Finzi Trust|11,100||
|Royal Philharmonic|10,000|_10,000_|
|Future Talent|6,000||
|Opera Holland Park|5,000||
|Cambridge Music|5,000||
|Petworth Festival|3,500|_5,000_|





## 

## 

|Music (continued)|||
|---|---|---|
|Nash Concert Soc|3,000||
|Wild Plum|2,500||
|Royal ColegeofMusic||_12,000_|
|London Philharmonic||_7,500_|
|Antigua and Barbuda Youth Symphony Orchestra||_6,200_|
||146,100|_140,700_|
|Total grants payable|607,260|_570, 144_|



## 

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## 

|Unrestricted||
|---|---|
|funds|Total|
|2023|2023|
|£|£|
|615,155|615,155|
|_Unrestricted_||
|_funds_|_Total_|
|_2022_|_2022_|
|£|£|
|579,_179_|579,_179_|



## 

## 

|Grant|||
|---|---|---|
|fundingof|Support|Total|
|activities|costs|funds|
|2023|2023|2023|
|£|£|£|
|607,260|7,895|615,155|





## 

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## 

|_Grant_|||
|---|---|---|
|_funding of_|_Support._|_Total_|
|_activities_|_costs_|_funds_|
|_2022_|_2022_|_2022_|
|£|£|£|
|_570, 144_|_9,035_|579,_179_|



## 

|Auditors' remuneration|||
|---|---|---|
||2023|_2022_|
||£|£|
|Fees payable to the Charity's auditor for the auditofthe Charity's annual|||
|accounts|4,740|_6,600_|



## 



## 

## 

## 

|||Listed|
|---|---|---|
|||investments|
|||£|
|Costorvaluation|||
|At 1 April 2022||14,480,307|
|Additions||3,309,312|
|Disposals||(3,476, 139)|
|Revaluations||(1,053,009)|
|At31March 2023||13,260,471|
|Netbookvalue|||
|At31March 2023||13,260,471|
|_At31 March 2022_||_14,480,307_|
|All the fixed asset investment are heldintheUK|||
|Material investments|||
||2023|_2022_|
||£|£|
|Ml Somerset Asia Income Fund I - Inc|2,104,213|_2,256,896_|
|Lazard Global Equity Income C Inc|1,402, 174|_2,202,297_|
|ASI World Income Equity Fund I Inc|1,965,727|_2,009,397_|
|Fidelity Multi Asset Income Fund W-lncome||_1,973,048_|
|Jupiter Monthly Alternative Income Fund I Class Inc|2,079,870|_1,761,805_|
|Man GLG Income Fund Prof Inc D|1,877,868|_1,032,049_|
|IFSL Marlborough Multi Cap Income Fund P Inc|792,953|_967,637_|
|BNYMellonUKIncome Inst Fund W Inc||_786,210_|
|Artemis Income Fund Class I Inc|1,626,693|_774,255_|
|Premier MitonUKMulti Cap Income Fund InstitutionalBIncome|1,410,973|_716,713_|
||13,260,471|_14,480,307_|





## 

## 




## 

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## 

||||||Balance at|
|---|---|---|---|---|---|
||Balance at 1|||Gains/|31March|
||April 2022|Income|Expenditure|(Losses)|2023|
||£|£|£|£|£|
|Unrestrictedfunds||||||
|General Funds - all funds|236,964|728,701|(615, 155)||350,510|
|Endowmentfunds||||||
|Endowment Funds - all funds|14,574,853|||(1,215,683)|13,359,170|
|Totaloffunds|14,811,817|728,701|(615, 155)|(1,215,683)|13,709,680|
|Statementoffunds- prioryear||||||
||||||_Balance at_|
||_Balance at_|||_Gains/_|_31March_|
||_1April2021_|_Income_|_Expenditure_|_(Losses)_|_2022_|
||£|£|£|£|£|
|Unrestrictedfunds||||||
|General Funds - all funds|_228,985_|_587, 158_|_(579, 179)_||_236,964_|
|Endowmentfunds||||||
|Endowment Funds - all funds|_14,187,394_|||_387,459_|_14,574,853_|
|Totaloffunds|_14,416,379_|_587, 158_|_(579, 179)_|_387,459_|_14,811,817_|





## 

||||||Balance at|
|---|---|---|---|---|---|
||Balance at 1|||Gains/|31March|
||April 2022|Income|Expenditure|(Losses)|2023|
||£|£|£|£|£|
|General funds|236,964|728,701|(615, 155)||350,510|
|Endowment funds|14,574,853|||(1,215,683)|13,359,170|
||14,811,817|728,701|(615, 155)|(1,215,683)|13,709,680|



|Summaryoffunds- prio|ryear|||||
|---|---|---|---|---|---|
||||||_Balanceat_|
||_Balance at_|||_Gains/_|_31March_|
||_1April2021_|_Income_|_Expenditure_|_(Losses)_|_2022_|
||£|£|£|£|£|
|General funds|_228,985_|_587, 158_|_(579, 179)_||_236,964_|
|Endowment funds|_14,187,394_|||_387,459_|_14,574,853_|
||_14,416,379_|_587, 158_|_(579, 179)_|_387,459_|_14,811,817_|



||Unrestricted|Endowment|Total|
|---|---|---|---|
||funds|funds|funds|
||2023|2023|2023|
||£|£|£|
|Fixed asset investments||13,260,471|13,260,471|
|Current assets|375,510|98,699|474,209|
|Creditors due within one year|(25,000)||(25,000)|
|Total|350,510|13,359,170|13,709,680|





## 

## 

||_Unrestricted_|_Endowment_|_Total_|
|---|---|---|---|
||_funds_|_funds_|_funds_|
||_2022_|_2022_|_2022_|
||£|£|£|
|Fixed asset investments||_14,480,307_|_14,480,307_|
|Current assets|_261,964_|_94,546_|_356,510_|
|Creditors due within one year|_(25,000)_||_(25,000)_|
|Total|_236,964_|_14,574,853_|_14,811,817_|



||2023|_2022_|
|---|---|---|
||£|£|
|Net income/expenditure for the year (as per StatementofFinancial|||
|Activities)|(1,102, 137)|_395,438_|
|Adjustmentsfor:|||
|Gainsoninvestments|1,215,683|_(387,459)_|
|Decrease/(increase)indebtors|(119,945)||
|Investment Fees|2,000|_1,998_|
|Net cashprovidedby/(usedin)operatingactivities|(4,399)|_9,977_|



## 

||2023|_2022_|
|---|---|---|
||£|£|
|Cashinhand|354,265|_356,510_|
|Totalcashandcashequivalents|354,265|_356,510_|





## 

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## 

|||||Changesin||
|---|---|---|---|---|---|
|||||market||
|||||value and||
|||||exchange||
|||At1 April||rateAt31March||
|||2022|Cashflows|movements|2023|
|||£|£|£|£|
|Cash|at bank andinhand|254,244|(4,399)||249,845|
|Liquid|investments|102,267||2,153|104,420|
|||356,511|(4,399)|2,153|354,265|



## 



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