## ||||Page|| |---|---|---|---|---| |Reference and Administrative
Details||||| |Report ofthe Trustees||2|to|8| |Statement ofTrustees'|Responsibilities|||| |Report ofthe Independent
Auditors||10|to|13| |Statement of Financia|IActivities||14|| |Balance Sheet|||15|| |Cash Flow Statement|||16|| |Notes to the Cash Flow Statement|||17|| |Notes to the Financial|Statements|18|to|27| ## |TRUSTEES|J P Fell (Chairman)|||||| |---|---|---|---|---|---|---| ||S G Orlik|||||| ||M A Petetin (resigned||29.10.22)|||| ||N M Gower-Smith|(resigned 28.2.23)||||| ||A V Scanlan|||||| ||R A V Edmondson|(deceased 30.5.22)||||| ||S P Curran|||||| ||KSGolding|||||| ||N Snook|||||| ||M A G Cooper (appointed||||28.2.23)|| ||J Donovan
(appointed||9.5.23)|||| ||J L Merton (appointed||28.2.23)|||| |COMPANY SECRETARY|SStocker|||||| |REGISTERED OFFICE|Suffolk House|||||| ||George Street|||||| ||Croydon|||||| ||Surrey|||||| ||CRO OYN|||||| |REGISTERED COMPANY NUMBER|07170030(England|and||Wales)||| |REGISTERED CHARITY NUMBER|1135646|||||| |INDEPENDENT AUDITORS|Simpson Wreford|5 Partners||||| ||Chartered
Accountants|||R Statutory||Auditors| ||Suffolk House|||||| ||George Street|||||| ||Croydon|||||| ||Surrey|||||| ||CRO OYN|||||| |TREASURER|I Venters|||||| |INVESTMENT ADVISORS|Quilters Cheviot Limited|||||| ||Senator House|||||| ||85 Queen Victoria|Street||||| ||London|||||| ||EC4V 4AB|||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||31.3.23|31.3.22| |---|---|---|---|---|---|---|---| |||||Unrestricted|Restricted|Total|Total| |||||funds|funds|funds|funds| ||||Notes|f|f|f|f| |INCOME AND ENDOWMENTS||FROM|||||| |Donations
and legacies||||28,045|95,066|123,111|285,612| |Investment
income||||131,584|164,205|295,789|267,804| |Total||||159,629|259,271|418,900|553,416| |EXPENDITURE ON|||||||| |Charitable
activities|||||||| |General||||178,872|763|179,635|170,074| |Maintenance
Grants|||||318,653|318,653|235,888| |Robert Freeman
Master's|Fund||||5,493|5,493|5,607| |Total||||178,872|324,909|503,781|411,569| |Net gains/(losses)
on investments||||(378,036)|(386,344)|(764,380)|864,462| |NET INCOME/(EXPENDITURE)||||(397,279)|(451,982)|(849,261)|1,006,309| |RECONCILIATION
OF FUNDS|||||||| |Total funds brought forward||||4,371,879|5,354,899|9,726,778|8,720,469| |TOTAL FUNDS CARRIED FORWARD||||3,974,600|4,902,917|8,877,917|9,726,778| ## ## ||||31st|March 2023|||| |---|---|---|---|---|---|---|---| |||||||31.3.23|31.3.22| |||||Unrestricted|Restricted|Total|Total| |||||funds|funds|funds|funds| ||||Notes|f|f|f|F| |FIXEDASSETS|||||||| |Tangible assets|||11||22,946|22,946|23,346| |investments|||12|3,733,063|4,464,109|8,197,172|9,152,945| |||||3,733,063|4,487,055|8,220,118|9,176,291| |CURRENT ASSETS|||||||| |Cash at bank||||244,537|422,685|667,222|558,265| |CREDITORS|||||||| |Amounts
falling due within||one year|13|(3,000)|(6,823)|(9,823)|(7,778)| |NET CURRENT ASSETS||||241,537|415,862|657,399|550,487| |TOTAL ASSETS LESSCURRENT LIABILITIES||||3,974,600|4,902,917|8,877,517|9,726,778| |NET ASSETS||||3,974,600|4,902,917|8,877,517|9,726,778| |FUNDS|||14||||| |Unrestricted
funds:|||||||| |General
fund||||||3,974,600|4,371,879| |Restricted funds:|||||||| |Robert Freeman|Master's|Fund||||147,872|163,343| |Welfare
Fund||||||4,755,045|5,191,556| |||||||4,902,917|5,354,899| |TOTAL FUNDS||||||8,877,517|9,726,778| ## |||||Cash Flow Statement||| |---|---|---|---|---|---|---| ||||for the|year ended 31st March|2023|| ||||||31.3.23|31.3.22| ||||Notes||E|E| |Cash flows from operating|activities|||||| |Cash generated
from operations|||||(378,226)|(122,442)| |Net cash used in operating|activities||||(378,226)|(122,442)| |Cash flows from investing|activities|||||| |Purchase offixed asset investments|||||(874,014)|(779,698)| |Sale of fixed asset investments|||||1,065,408|423,307| |Dividends
received|||||295,789|267,804| |Net cash provided
by/(used|in) investing||activities||487,183|(88,587)| |Change
in cash and cash equivalents||in the||||| |reporting
period|||||108,957|(211,029)| |Cash and cash equivalents|at the beginning|||||| |ofthe reporting
period|||||558,265|769,294| |Cash and cash equivalents|at the end|of||||| |the reporting
period|||||667,222|558,265| ## ## ## |RECONCILIATION
OF|NET (E|XPENDITURE)/IN|COME
TO NET CASH FLOW|FROM OPERATING ACT|IVITIES| |---|---|---|---|---|---| |||||31.3.23|31.3.22| |||||f|f| |Net (expenditure)/income||for the reporting|period (as per the||| |Statement of Financial Activities)||||(849,261)|1,006,309| |Adjustments
for:|||||| |Depreciation
charges||||400|400| |Losses/(gain)
on investments||||764,380|(864,462)| |Dividends
received||||(295,789)|(267,804)| |Decrease
in debtors|||||5,378| |Increase/(decrease)|in creditors|||2,044|(2,263)| |Net cash used in operations||||(378,2261|(122,442)| ## ## ||At 1.4.22|Cash flow|At 31.3.23| |---|---|---|---| ||f|f|f| |Net cash|||| |Cash at bank|558,265|108,957|667,222| ||558,265|108,957|667,222| |Total|558,265|108,957|667,222| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Incoming|Resources||||31.3.23|31,3.22| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Total|Total| ||||Funds|Funds|Funds|Funds| ||||f|E|E|E| |Voluntary|income|||||| |Donations|||28,045|95,066|123,111|157,036| |Legacies||||||128,576| |Donations|and legacies||28,045|95,066|123,111|285,612| |Investment|income|||||| |Dividends|and interest||131,584|159,019|290,603|262,979| |Robert Freeman
Master's||Fund dividends||5,186|5,186|4,825| |Total income|||159,629|259,271|418,900|553,416| |INVESTMENT INCOME||||||| ||||||31.3.23|31.3.22| ||||||E|E| |Investment|income||||295,789|267,804| ## |Charitable
activities||||||31.3.23|31.3.22| |---|---|---|---|---|---|---|---| |||||Unrestricted|Restricted|Total|Total| |||||Fund|Fund|Funds|Funds| |||||E|E|E|E| |Grants and donations|||||||| |Pembroke
Music g. Dance projects||||30,000||30,000|30,000| |Arundel
Castle Cricket Foundation||||10,000||10,000|10,000| |Guildhall
School of Music||awards||20,000||20,000|20,000| |Riding and Carriage
Driving|||For the Disabled||||| |Barrow Farm||||10,000||10,000|10,000| |Sheriffs'
and Recorder's|Fund|||10,000||10,000|10,000| |Royal British Legion||||500||500|500| |Corporation
ofthe Sons|of||the Clergy|500||500|500| |The London
Regiment Welfare Fund|||||||2,500| |St Lawrence Jewry||||1,000||1,000|1,000| |Physics Partners||||10,000||10,000|10,000| |ABFThe Soldiers' Charity||||1,000||1,000|1,000| |Bobath Centre||||12,000||12,000|12,000| |Mark Evison Foundation||||10,000||10,000|10,000| |St. Paul's Cathedral
Foundation||||1,000||1,000|1,000| |Katherine
Low Settlement||||5,000||5,000|5,000| |Spitalfields
Crypt Trust||||11,000||11,000|11,000| |Barrier Breakers Foundation||||6,320||6,320|5,000| |Small donations|||||||1,000| |Kids Space||||1,000||1,000|| |CHCD Charitable
Trust (Magical Taxi Tour Disney)||||1,500||1,500|| |Build Up Foundation||||6,250||6,250|| |Irish Guards
Benevolent||Fund||2,500||2,500|| |Welfare fund|||||||| |Maintenance
grants|||||64,600|64,600|24,150| |Pensions
and general
relief|||||73,500|73,500|41,625| |One off Grants|||||33,088|33,088|25,777| |Welfare Assistance|||||30,863|30,863|24,560| |TV Rentals and Licences|||||13,174|13,174|6,126| |Christmas
and Birthday|Gifts||||22,163|22,163|25,345| |Building
insurance
relief|||||540|540|704| |Deprecation
of Buildings|||||400|400|400| |House Insurance|||||364|364|251| |Robert Freeman
Master's|||Fund||||| |Master's charitable
donations|||||4,750|4,750|4,750| |||||149,570|243,442|393,012|291,188| ## ## ## ## ||||||||||31.3.23|31.3.22| |---|---|---|---|---|---|---|---|---|---|---| |||||||Unrestricted|Restricted||Total|Total| |||||||Fund|Fund||Funds|Funds| |||||||f||f|f|| |Grants and|donations|||||149,570||243,442|393,012|291,188| |Support costs||and governance||||||||| |Auditors'
remuneration||||||3,600||3,600|7,200|6,000| |Investment|management|||fees||19,476||23,218|42,694|44,625| |Trustees'
indemnity|||insurance|||663|||663|651| |Administration||fees||||5,040||47,040|52,080|50,400| |Office costs|and bank charges|||||523||4,608|5,131|14,357| |Sundries||||||||3,001|3,001|4,349| |||||||29,302||81,467|110,769|120,382| |Total||||||178,872||324,909|503,781|411,589| |GRANTS PAYABLE||||||||||| ||||||||||31.3.23|31.3.22| ||||||||||f|f| |General|||||||||149,570|140,500| |Maintenance||Grants|||||||237,928|145,287| |Robert Freeman Master's||||Fund|||||4,750|4,750| ||||||||||392,248|290,537| |SUPPORT COSTS||||||||||| ||||||||||Governance|| ||||||Management|Finance|Other||costs|Totals| ||||||f|f|f||f|f| |General|||||5,046|517|20,139||3,600|29,302| |Maintenance||Grants|||54,520|129|22,475||3,600|80,724| |Robert Freeman Master' s||||||||||| |Fund||||||||743||743| ||||||59,566|646|43,357||7,200|110,769| ## ## ## ## ## ## ## ## |||||Unrestricted|Restricted|Total| |---|---|---|---|---|---|---| |||||funds|funds|funds| |||||E|E|E| |INCOME AND ENDOWMENTS|||FROM|||| |Donations and legacies||||26,691|258,921|285,612| |Investment
income||||118,402|149,402|267,804| |Total||||145,093|408,323|553,416| |EXPENDITURE ON||||||| |Charitable
activities||||||| |General||||170,074||170,074| |Maintenance
Grants|||||235,888|235,888| |Robert Freeman
Master's||Fund|||5,607|5,607| |Total||||170,074|241,495|411,569| |Net gains on investments||||429,161|435,301|864,462| |NET INCOME||||404,180|602,129|1,006,309| |RECONCILIATION
OF FUNDS||||||| |Total funds
brought|forward|||3,967,699|4,752,770|8,720,469| |10.|COMPARATIVES|FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued|FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued||| |---|---|---|---|---|---| ||||Unrestricted|Restricted|Total| ||||funds|funds|funds| ||||f|f|f| ||TOTAL FUNDS CARRIED FORWARD||4,371,879|6,364,899|9,726,778| |11.|TANGIBLE FIXED|ASSETS|||| ||||||Freehold| ||||||property| ||||||f| ||COST||||| ||At 1st April 2022|and 31st March 2023|||40,178| ||DEPRECIATION||||| ||At 1st April 2022||||16,832| ||Charge for year||||400| ||At 31st March 2023||||17,232| ||NET BOOK VALUE||||| ||At 31st March 2023||||22,946| ||At 31st March 2022||||23,346| |12.|FIXEDASSET INVESTMENTS||||| ||||||Listed| ||||||investments| ||||||f| ||MARKET VALUE||||| ||At 1st April 2022||||9,152,945| ||Additions||||874,014| ||Disposals||||(1,196,866)| ||Revaluations||||(632,921)| ||At 31st March 2023||||8,197,172| ||NET BOOK VALUE||||| ||At 31st March 2023||||8,197,172| ||At 31st March 2022||||9,152,945| ## ## ||||||||||Listed| |---|---|---|---|---|---|---|---|---|---| ||||||||||investments| ||||||||||f| |Valuation
in 2023|||||||||2,435,368| |Cost|||||||||5,761,804| ||||||||||8,197,172| |Revaluations|||||||31,3.23|31.3.22|| ||||||||f||E| |Realised (losses)||/gains|||||(131,459)||59,175| |Unrealised
(losses) / gains|||||||(632,921)||805,287| ||||||||764,380||864,462| |CREDITORS: AMOUNTS||||FALLING DUE WITHIN ONE YEAR|||||| |||||||||31.3.23|31.3.22| |||||||||f|f| |Trade creditors||||||||3,223|1,778| |Accruals and|deferred||income|||||6,600|6,000| |||||||||9,823|7,778| |MOVEMENT|IN|FUNDS|||||||| |||||||||Net|| ||||||||movement||At| |||||||At 1.4.22||in funds|31.3.23| |||||||f||f|f| |Unrestricted|funds||||||||| |General fund||||||4,371,879|(397,279)||3,974,600| |Restricted funds|||||||||| |Robert Freeman||Master's|||Fund|163,343||(15,471)|147,872| |Welfare Fund||||||5,191,556|(436,511)||4,755,045| |||||||5,354,899|(451,982)||4,902,917| |TOTAL FUNDS||||||9,726,778|(849,261)||8,877,517| ## ## ## ||||||Incoming|Resources|Gains and|Movement| |---|---|---|---|---|---|---|---|---| ||||||resources|expended|losses|in funds| ||||||f|f|f|f| |Unrestricted||funds||||||| |General|fund||||159,629|(178,872)|(378,036)|(397,279)| |Restricted funds||||||||| |Robert|Freeman Master's||Fund||5,186|(5,492)|(15,165)|(15,471)| |Welfare|Fund||||254,085|(319,417)|(371,179)|(436,511)| ||||||259,271|(324,909)|(386,344)|(451,982)| |TOTAL|FUNDS||||418,900|(503,781)|(764,380)|(849,261)| |Comparatives||for movement||in funds||||| ||||||||Net|| ||||||||movement|At| |||||||At 1.4.21|in funds|31.3.22| ||||||||f|f| |Unrestricted||funds||||||| |General|fund|||||3,967,699|404,180|4,371,879| |Restricted funds||||||||| |Robert|Freeman Master's||Fund|||164,034|(691)|163,343| |Welfare|Fund|||||4,588,736|602,820|5,191,556| |||||||4,752,770|602,129|5,354,899| |TOTAL|FUNDS|||||8,720,469|1,006,309|9,726,778| ||||Incoming|Resources|Gains and|Movement| |---|---|---|---|---|---|---| ||||resources|expended|losses|in funds| ||||f|f|f|f| |Unrestricted|funds|||||| |General fund|||145,093|(170,074)|429,161|404,180| |Restricted funds||||||| |Robert Freeman Master's||Fund|4,825|(5,607)|91|(691)| |Welfare Fund|||403,498|(235,888)|435,210|602,820| ||||408,323|(241,495)|435,301|602,129| |TOTAL FUNDS|||553,416|(411,569)|864,462|1,006,309| ## ## ## ## ## ## ## ## ##