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2022-05-31-accounts

Reference and Administrative Details	Reference and Administrative Details
Strategic Report		2to4
Trustees' Report		5to6
Independent Examiner's	Report
Statement ofFinancial	Activities
Balance Sheet
Notes to the Financial	Statements	10to 20

		and Los	ses)
					Total
				Unrestricted	2022
			Note
Income and Endowments		from:
Donations and legacies				3,52 I	3,521
Investinent income				167,660	167,660
Total Income				171,I8 I	171,18I
Expenditure on:
Charitable activities				(242,464)	(242,464)
Total Expenditure				(242,464)	(242,464)
Fair value adjustment	on	current asset investment		(177,668)	(177,668)
Net expenditure				(248,951)	(248,951)
Net movement in funds				(248,951)	(248,951)
Reconciliation offunds
Total funds brought	forward			5,372,550	5,372,550
Total funds carried forward			14	5,123,599	5,123,599
					Total
				Unrestricted	2021
			Note
Income and Endowments		from:
Donations and legacies				5,963	5,963
Investment income				118,031	118,031
Total Income				123,994	123,994
Expenditure on:
Raising funds				(3,284)	(3,284)
Charitable activities				(408,058)	(408,058)
Total Expenditure				(411,342)	(411,342)
Fair value adjustment	on	current asset investment		727,171	727,171
Net income				439,823	439,823
Net movement in funds				439,823	439,823
Reconciliation offunds
Total funds brought	forward			4,932,727	4,932,727
Total funds carried forward			14	5,372,550	5,372,550

		Balance Sheet as a	t31May 2022
				2022	2021
			Note
Fixed assets
Tangible assets				1459,298	1359398
Current assets
Investments			12	3,853,636	4,109,736
Cash at bank	and in hand			13,067	6,817
				3,866,703	4,116,553
Creditors: Amounts		falling due within one year	13	(2,402	(3,301)
Net current	assets			3,864,301	4,113,252
Net assets				5,123,599	5,372,550
Funds ofthe	charity:
Unrestricted	income	funds
Unrestricted	funds			5,123,599	5,372,550
Total funds			14	5,123,599	5,372,550

3 incom	e	from donations and legacies
			Unrestricted
			funds	Total	Total
			General	2022	2021
Donations	and legacies;
Donations		Rom fundraising	3,521	3,521	5,963
			3,521	3,521	5,963

		Unrestricted
			Total	Total
		General	2022	2021
Income fiom	dividends;
Dividends	receivable	77,345	77,345	99,874
(Loss) / profit on sale ofcurrent asset investments		35,160	35,160	(26,758)
Income from	rents	55,155	55,155	44,915
		167,660	167,660	118,031

									Total	Total
									2022	2021
							Note
Other investment				management		costs;
	Maintenance		charges							3,284
										3,284
6	Expenditure			on charitable		activities
							Unrestricted
							funds		Total	Total
							General		2022	2021
Grant funding of				activity			194,890		194,890	361,460
Allocated		support		costs				738	738	735
Governance costs								900	900	1,176
Portfolio		management			fees		45,936		45,936	44,687
							242,464		242,464	408,058

Notes t	o the Fin	ancial Statements	for the Year End	for the Year End	ed 31May 202	2
		Grant funding	Activity
		ofactivity	support f	costs	2022	2021
Grants payable		194,890			194,890	361,460
Just Giving charges				216	216	216
Bank charges				410	410	519
Portfolio custody fees				14,224	14,224	13,874
Portfolio FA fees				7,327	7,327	7,119
Portfolio management	fees		24,384		24,384	23,694
Other Charges				113	113
Legal and Professional				900	900	1,176
		194,890	47,574		242,464	408,058

Analysis ofgrants
					Grants to	institutions
					2022	2021
Analysis
Grants payable					194,890	361,460
The support costs associated			with grant-making	are KNil (31 May 2021 - ail).
Below are details ofmaterial			grants made to institutions
Name ofinstitution					2022	2021
Spirit PM Sponsor
Total grants to institutions		below
K1,000					1,834	1,755
Chestnut Tree House					2,000
Global Compassion					15,300	17,000
St Wilfreds Hospice						100,000
Park Home
Christian Outreach Centre
Hope House					159,618	240,705
Lisa Lyon						2,000
StBarnabas Hospice					3,800
Rockinghorse					2,200
The Shekinah Legacy					2,000
Wholesome Warehouse					7,138
BD Barney - Dropped	Head				1,000
					194,890	361,460

Land and
buildings	Total
1,259,298	1,259,298
1,259,298	1,259,298
1,259,298	1,259,298
1,259,298	1,259,298

					2022	2021
Listed investments					3,853,636	4,109,736
13 Creditors:	amounts	falling	due within one year
					2022	2021
						f,
Other creditors					1,502	1,501
Accruals					900	1,800
					2,402	3,301
14 Funds
			Balance at 1	Incoming	Resources	Balance at 31
			June 2021	resources	expended	May 2022
					f,
Unrestricted	funds
General			5,372,550	171,181	(420,132)	5,123,599
			Balance at I	incoming	Resources	Balance at3l
			June 2020	resources	expended	May 2021
Unrestricted	funds
General			4,932,727	123,994	315,829	5,372,550

15 Anal	ysis ofnet assets between funds
		Unrestricted	Total funds at
		funds	31 May
		General	2022
Tangible	fixed assets	1,259,298	1259,298
Current	assets	3,866,703	3,866,703
Current	liabilities	(2,402)	(2,402)
Total net assets		5,123,599	5,123,599
		Unrestricted	Total funds at
		funds	31May
		General	2021
Tangible	fixed assets	1,259,298	1,259,298
Current	assets	4,116,553	4,116,553
Current	liabilities	3,301	(3,30I)
Total net assets		5,372,550	5,372,550

16 Analysis ofnet funds
		Financing cash	At 31 May
	At 1 June 2021	flows	2022
Cash at bank and in hand	6,&l7	6,250	13,067
Current asset investments	4,109,736	256,100)	3,853,636
Net debt	4,116,553	(249,850)	3,866,703
		Financing cash	At 31 May
	At 1June 2020	flows	2021
	f,
Cash at bank aud in hand	106,504	(99,687)	6,817
Current asset investments	4,478,137	(368,401)	4,109,736
Net debt	4,584,641	(468,088)	4,116,553