| Page | |
|---|---|
| Trustees'AnnualReport | 1 |
| ReportoftheIndependentExaminers | 5 |
| StatementofFinancialActivities | 6 |
| BalanceSheet | 7 |
| Cashflow | 8 |
| NotestotheFinancialStatements | 9 |
| Directors | NicholasCournoyer |
|---|---|
| RichardBrass | |
| Secretary | TempleSecretarialLimited |
| RegisteredOffice | 16OldBailey |
| London,EC4M7EG | |
| IndependentExaminers | MooreKingstonSmithLLP |
| 9AppoldStreet | |
| London,EC2A2AP | |
| InvestmentManagers | TheDirectors |
| Bankers | CHoareandCo. |
| 37FleetStreet | |
| London | |
| EC4P4DQ |
| Objects,Objectives, | TheFoundationprovidesfundingtoorganisationswhosecorefocusistoseemeaningful |
|---|---|
| Governance&Management | incomeupliftforthosewhoneeditmost,aswellastofightclimatechange.Thesupportthe |
| Foundationprovidesisstructuredasgrants,loansorequityinvestments,andfunding | |
| decisionsarealwaysdrivenbythesocialandenvironmentalimpact. | |
| TheDirectorsareresponsibleforthestrategicdirectionandpolicyoftheFoundationand, | |
| subjecttoanyprudentdelegationtoadvisersandagents,makeallsubstantivedecisionsin | |
| relationtotheFoundation. | |
| ActivitiesandAchievements | Inthefinancialperiodending31December2022,MontpelierFoundation(ME)continuedits |
| livelihoodsgrant-makingtoitslong-standingnon-profitpartnersintheUKand | |
| internationally.MFalsofoundandfundedmoregranteesworkingtotackleclimatechange, | |
| whichamountedtonearly£738,000ingrant-making,oraboutnearlyhalfoftotalgrants. | |
| Totalgrant-makingremainedsteady,at£1,567,450,whilecostsstoodat£298,535afterthe | |
| additionofaProgrammeOfficertotheteam(thisincludescostsofgeneratingfunds,staff | |
| and supportcosts,aswellasgovernancecosts).Sinceinceptionin2011,i.e.overan | |
| eleven-yearperiod,theFoundationhasnowdistributedatotalofover£10millioningrants | |
| andprogramme-relatedinvestments(netofrepayments). | |
| Programme-RelatedInvestment(PRI)activitycontinuedtodecreasein2022,withnonew | |
| PRIsmadeandthetotaloutstandingbalancedecreasing byabout6%to£65,082,thanksto | |
| repaymentsfromTalentFund(Peru).MEcontinuestocarefullymonitoritsPRIs. | |
| FuturePlans | TheFoundationintendstocontinue itsworktofightpovertyandclimatechangegloballyat |
| similargrant-makinglevelswhichenablecapitalpreservation. | |
| Grant-MakingPolicy | TheFoundationmainlyprovidesgrantstonon-profitsworkingtoimprovelivelihoodsandthe |
| environmentintheGlobalSouthandtheUK.TheDirectorsreservetherighttomakegrants | |
| thatmayfalloutsideoftheseareasinastrictsense,asdescribedintheGrant-Making | |
| PolicyapprovedbytheBoard,suchastocombathomelessnessortodealwithahealthor | |
| humanitariancrisis. | |
| Allgrantsareapprovedorpre-approvedbyDirectorsbasedoncriteriasuchasimpact, | |
| leadership,andpastandpotentialgrowth,followingastandardisedduediligenceprocess. | |
| Wedonotacceptunsolicitedproposals. | |
| PublicBenefit | AsrequiredbytheCharitiesAct2011,theDirectorshavereferredtotheCharity |
| Commission'sgeneralguidanceonpublicbenefitwhenmakinggrantsandProgramme- | |
| RelatedInvestments. | |
| FinancialReview | TheFoundationreceived£88,094(2021:£82,673)ininterestanddividendincome,aswell |
| as£0(2021:£38,922)ingrantsanddonations.Outgoingscomprisedofcharitable | |
| donationsof£1,567,450(2021:£1,587,057)andrunningcostsof£298,535(2021: | |
| £217,064). | |
| Inaddition,theFoundationhadunrealisednetlossesonitsinvestmentsof£506,464(2021: | |
| unrealisedandrealisedgainsof£1,158,504).Itgained£190,602onforeignexchange | |
| (2021:gainof£36,511). | |
| Asaresult,thenetmovementoffundswasanoutgoingof£2,093,754(2021:outgoingof | |
| £487,511),andtheFoundationendedtheyearwithCapitalandReservesof£5,921,199 | |
| (2021:£8,014,953). | |
| RiskManagement | ThemajorriskstowhichtheCharityisexposed,asidentifiedbytheDirectors,havebeen |
| reviewedandtheDirectorsaresatisfiedthatthesystemsinplacemitigatethoserisks.A | |
| RiskPolicywasapprovedbytheDirectorsaspartofthisprocess.TheRiskRegisterwas | |
| updatedasofDecember2022. |
| fortheperiodto31December | 2022 |
|---|---|
| RiskManagement(cont'd) | ThemajorrisksasidentifiedbytheDirectorsintheRiskRegisterare: |
| -Economicorgovernanceriskatagranteeorganisationlevel.Thisriskismitigatedbyan | |
| extensiveduediligenceprocessandrigorousreportingrequirements,andbystaggered | |
| paymentswhicharecontingentuponsatisfactoryreporting. | |
| -Economicandpoliticalriskatacountrylevel.However,theriskisspreadoverawide | |
| rangeofcountries.ThisportfolioisreviewedbytheBoardonaregularbasistoensurethis | |
| riskremains mitigated. | |
| -InvestmentRiskinEndowment.OutsidetheProgramme,theendowmentisinvestedina | |
| diversifiedportfolioofassetswithappropriaterisk/rewardprofilesfortheCharity'slong-term | |
| goals. | |
| -Particularrisksassociatedwithgranteesworkingwithvulnerablegroups(childrenin | |
| particular).Verifyingtheexistenceandapplicationofachildprotectionpolicyispartofthe | |
| Charity'sduediligenceprocess.Thisincludesensuringthatpotentialgranteesorinvestees | |
| oftheCharityperformthenecessarybackgroundchecksandtrainingofemployees, | |
| volunteersandotheradultswhointeractwithvulnerablebeneficiaries. | |
| -InvestmentRiskinProgrammeRelatedInvestments(PRIs).PRIsaremonitoredclosely | |
| bothfinanciallyandontheirsocialoutcomes,andtheyareimpairedand/orexitedas | |
| appropriate.ThebookvalueofthefivePR'swas£65,082asat31December2022. | |
| InvestmentPolicyand | UndertheFoundation'sArticlesofAssociation,theDirectorshavewidepowersof |
| Performance | investmentinrespectoftheFoundation'sassets.Inrecognitionoftheirgeneraldutyof |
| prudenceandtheneedtohaveproperregardtothesuitabilityofinvestmentsandtheneed | |
| toconsiderdiversification,theDirectorshaveadoptedthecurrentinvestmentpolicyto | |
| maintainacertainlevelofincomeandcapitalgrowthwhileavoidingspeculativeor | |
| hazardousinvestmentssuchasfuturesortradedoptions.Theprudentinvestmentofthe | |
| Foundation'sassetscontinuedwithabalanceofcashandinvestmentsprovidingboth | |
| incomeandthepotentialforcapitalappreciation.TheDirectorsreviewedthepositionsof | |
| thenon-PRIinvestmentportfolioandnotedthediversificationintermsofassetclass, | |
| sector,geography,andcurrencyexposure.Whiletherewasanegativeinvestmentportfiolio | |
| XIRRof-3.78%forcalendaryear2022,thisreturnremainedhealthyfortheoverallperiod | |
| thattheFoundationhasexisted,at11.34%fortheperiodfrom14September2011to31 | |
| December2022. | |
| RegardingtheProgrammeRelatedInvestment(PRI)strategy,itisalignedwiththe | |
| charitablemissionandobjectivesoftheFoundation.TheFoundation'ssocialinvestments | |
| aredesignedtoachievethefinancialsustainabilityandscaleofthetargetedenterprises, | |
| whilstseekingasocialreturnoninvestment,althoughPRIactivityhascontinuedto | |
| decrease.In2022,therewerenonewPR'sandwerevaluedat£65,082. | |
| CharityGovernanceCode | TheBoardhavenotedtheupdatestotheCharityGovernanceCode.Thecharityaimsto |
| embodytheprinciplesofequality,diversityandinclusion(EDI)throughitsinvestmentand | |
| grant-making,forexamplebyavoidingfundingorganisationsoflowintegrityandchoosing | |
| granteeswithparticipatorypractices(suchascommunity-leddevelopment,representation | |
| ofthepeopleservedbythecharityinprocessesandadvisoryboards,etc).TheBoardwill | |
| alsobemindfulofEDIwhenappointinganynewdirectors. | |
| ReservesPolicy | TheTrusteeshavedeterminedthatMFshouldmaintain50%ofitsannualstaff,support |
| costsandgovernancecostsinreserves.Thisfigureamountsto£141,147(2021:£94,106), | |
| whichissufficientlycoveredbyunrestrictedfundstotalling£5,921,200asat31December | |
| 2022(2021:£8,014,954).Lookingforward,thegrant-makingactivitiesandthecharity's | |
| costsareexpectedtoremainatthesameleveltoallowMFtocontinueitsworkforthe | |
| foreseeablefuture. | |
| AppointmentofNewDirectors | NewDirectorsmaybeappointedbytheshareholdersorbytheDirectorsthemselves,tofill |
| avacancyorasanadditionalDirector.Inrespectoffutureappointments,theFoundation | |
| shallselectappropriateDirectorsandprovidetothemwiththenecessarymaterialsand | |
| trainingtoacquaintthemwiththegovernanceandpoliciesoftheFoundationaswellaswith | |
| whatisexpectedofthem.AdditionalinformationisprovidedtotheDirectorsonanongoing | |
| basis. | |
| IndependentExaminers | MooreKingstonSmithLLPhaveindicatedtheirwillingnesstocontinueinofficeandin |
| accordancewiththeprovisionsoftheCompaniesAct,itisproposedthattheybere- | |
| appointedindependentexaminersfortheensuingyear. |
24 July 2023
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| Note | Funds | Funds | Funds | Funds | ||
| £ | £ | £ | £ | |||
| INCOME | ||||||
| Investments | 3 | 88,094 | 88,094 | 82,673 | ||
| Grantsanddonations | 4 | - | - | 38,922 | ||
| TOTALINCOMINGRESOURCES | 88,094 | 88,094 | 121,595 | |||
| EXPENDITURE | ||||||
| GeneratingFunds | 5 | 16,241 | 16,241 | 11,774 | ||
| Charitableactivities | 6 | 1,849,745 | 1,849,745 | 1,792,347 | ||
| TOTALRESOURCESEXPENDED | 1,865,986 | 1,865,986 | 1,804,121 | |||
| NETINCOME/(EXPENDITURE) | (1,777,892) | (1,777,892) | (1,682,526) | |||
| NETGAINS/(LOSSES)ONINVESTMENTS | ||||||
| Realised | 11.1 | 181,003 | ||||
| Unrealised | 11.1 | (506,464) | (506,464) | 977,501 | ||
| (506,464) | (506,464) | 1,158,504 | ||||
| OTHERRECOGNISEDGAINS/(LOSSES) | ||||||
| Gains/(losses)onforeignexchange | 190,602 | 190,602 | 36,511 | |||
| NETMOVEMENTINFUNDS | (2,093,754) | •• | (2,093,754) | (487,511) | ||
| RECONCILLIATIONOFFUNDS | ||||||
| Totalfundsbroughtforward | 15 | 8,014,953 | 8,014,953 | 8,502,464 | ||
| TOTALFUNDSCARRIEDFORWARD | 5,921,199 | 5,921,199 | 8,014,953 |
28 June 2023
| Notes | 2022 | 2021 | |
|---|---|---|---|
| £ | £ | ||
| Cashgeneratedfromoperatingactivities: | |||
| Netcashprovidedby(usedin)operatingactivities | seebelow | (1,855,135) | (1,751,754) |
| Cashflowsfrominvestingactivites: | |||
| Dividends,interestandrentsfrominvestments | 3 | 88,094 | 82,673 |
| Purchaseoftangiblefixedassets | 10 | (5,255) | 0 |
| Purchaseofinvestments | 11.1&11.2 | (16,744) | (553,652) |
| Proceedsfromsaleofofinvestments | 11.1&11.2 | 7,219 | 2,966,606 |
| (Profit)/LossonForexdifferences | 190,602 | 36,511 | |
| InvestmentManagementFees | 5 | (6,197) | (7,010) |
| Netcashprovidedbyinvestmentinvestingactivities | 257,719 | 2,525,128 | |
| Changeincashandcashequivalentsinthereportingperiod | (1,597,416) | 773,374 | |
| Cashandcashequivalentsatthebeginningofthereportingperiod | 2,569,137 | 1,795,763 | |
| Cashandcashequvalentsattheendofthereportingperiod | 971,721 | 2,569,137 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| £ | £ | |||
| Netincome/(expenditure)(asperthestatementof | Notes | SOFA | (2,093,754) | (487,511) |
| financialactivties) | ||||
| Adjustmentsfor: | ||||
| Depreciationcharges | 10 | 1,608 | 404 | |
| Dividends,interestandrentsfrominvestments | 3 | (88,094) | (82,673) | |
| Loss/(profit)onForexdifferences | (190,602) | (36,511) | ||
| Revaluationofinvestments | 11.111.2 | 503,726 | (1,154,461) | |
| InvestmentManagementFees | 5 | 6,197 | 7,010 | |
| (Increase)/decreaseindebtors | 12 | 2,736 | 2,720 | |
| Increase/(decrease)increditors | 13 | 3,048 | (732) | |
| Netcashprovidedby(usedin)operatingactivities | (1,855,135) | (1,751,754) |
| UnrestrictedRestricted | Total | |
|---|---|---|
| IncomefromInvestments | 69,990 | 69,990 |
| Interestoncashdeposits | 18,104 | 18,104 |
| 88,094 | 88,094 |
| UnrestrictedRestricted | Total | |
|---|---|---|
| IncomefromInvestments | 73,486 | 73,486 |
| Interestoncashdeposits | 9,187 | 9,187 |
| 82,673 | 82,673 |
| UnrestrictedRestricted | Total | ||
|---|---|---|---|
| PeruCovidReliefProgramme | |||
| SupportLaoChildrenFund | |||
| Yearto31December2021 | |||
| UnrestrictedRestricted | Total | ||
| PeruCovidReliefProgramme | 37,000 | 37,000 | |
| SupportLaoChildrenFund | 1,922 | 1,922 | |
| 38,922 | 38,922 |
| Yearto31December2022 | |||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| Travel&Entertainment | 1,168 | 1,168 | |
| Subscriptions | 8,421 | 8,421 | |
| BankCharges | 455 | 455 | |
| InvestmentManagementFees | 6,197 | 6,197 | |
| 16,241 | 16,241 | ||
| Yearto31December2021 | |||
| Unrestricted | Restricted | Total | |
| Travel&Entertainment | 56 | 56 | |
| Subscriptions | 4,255 | 4,255 | |
| BankCharges | 453 | 453 | |
| InvestmentManagementFees | 7,010 | 7,010 | |
| 11,774 | 11,774 |
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| Analysisofdonationsandgrants | |||
| Climate2025 | 300,000 | 300,000 | |
| GreenAlliance | 250,000 | 250,000 | |
| RighttoSucceed | 150,000 | 150,000 | |
| ResurgoTrust | 100,000 | 100,000 | |
| BOMA | 93,165 | 93,165 | |
| ProximityDesigns | 93,020 | 93,020 | |
| DriveForwardFoundation | 75,000 | 75,000 | |
| UniversityCollegeLondon | 71,331 | 71,331 | |
| BridgestoProsperity | 67,385 | 67,385 | |
| Medha | 55,812 | 55,812 | |
| SupportLaoChildren | 55,541 | 55,541 | |
| DepaulUK | 50,000 | 50,000 | |
| TheGeckoProject | 50,000 | 50,000 | |
| UniversityofLeeds | 36,196 | 36,196 | |
| Anonymous | 30,000 | 30,000 | |
| ConservativeEnvironmentalNetwork | 30,000 | 30,000 | |
| Anonymous | 30,000 | 30,000 | |
| DisastersEmergencyCommittee-PakistanFloods | 30,000 | 30,000 | |
| 1,567,450 | 1,567,450 | ||
| Twogranteeshavebeenanonymisedfortheirprotection. | |||
| Staffcosts(seenote9) | 233,736 | 233,736 | |
| Supportcosts(seenote7) | 41,760 | 41,760 | |
| GovernanceCosts | 6,799 | 6,799 | |
| TotalCharitableactivities | 1,849,745 | 1,849,745 |
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| Analysisofdonationsandgrants | |||
| RaspberryPiFoundation | 15,000 | 15,000 | |
| BOMA | 109,369 | 109,369 | |
| SheffieldFutures | 7,500 | 7,500 | |
| ClientEarth | 350,000 | - | 350,000 |
| SupportLaoChildren | 50,658 | 4,565 | 55,223 |
| HelpingHandsBolivia | 79,737 | - | 79,737 |
| GlobalGreengrantsFundUK | 143,771 | 143,771 | |
| ResurgoTrust | 100,000 | 100,000 | |
| GeckoProjectsInvestigationsLtd | 15,000 | 15,000 | |
| RighttoSucceed | 152,000 | 152,000 | |
| DriveForwardFoundation | 75,000 | 75,000 | |
| DepaulUK | 55,000 | 55,000 | |
| ProximityDesigns | 73,137 | 73,137 | |
| BridgestoProsperity | 54,789 | 54,789 | |
| AmalAcademy | 95,078 | - | 95,078 |
| PeruCovidReliefProgramme | 109,453 | 97,000 | 206,453 |
| 1,485,492 | 101,565 | 1,587,057 | |
| Staffcosts(seenote9) | 188,212 | 188,212 | |
| Supportcosts(seenote7) | 4,994 | 4,994 | |
| GovernanceCosts | 12,084 | 12,084 | |
| TotalCharitableactivities | 1,690,782 | 101,565 | 1,792,347 |
| Generating | Charitable | ||
|---|---|---|---|
| Funds | Actvities | Total | |
| £ | £ | £ | |
| OfficeUsere-charge | 23,751 | 23,751 | |
| ComputerSupport | 5,828 | 5,828 | |
| Depreciation | 1,608 | 1,608 | |
| Postage | 10 | 10 | |
| Supplies | 867 | 867 | |
| Insurance | 1,236 | 1,236 | |
| Couriers | 19 | 19 | |
| Legalandprofessionalfees | 8,287 | 8,287 | |
| Telephone | 154 | 154 | |
| 41,760 | 41,760 | ||
| GovernanceCosts | 6,799 | 6,799 | |
| 48,559 | 48,559 |
| Generating | Charitable | ||
|---|---|---|---|
| Funds | Actvities | Total | |
| £ | £ | £ | |
| OfficeUsere-charge | 2,668 | 2,668 | |
| ComputerSupport | 344 | 344 | |
| Depreciation | 404 | 404 | |
| Postage | 26 | 26 | |
| Supplies | 22 | 22 | |
| Insurance | 1,266 | 1,266 | |
| Couriers | 110 | 110 | |
| Telephone | 154 | 154 | |
| 4,994 | 4,994 | ||
| GovernanceCosts | 12,084 | 12,084 | |
| 17,078 | 17,078 |
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Accountancy | ||
| Auditor'sfee | 2,220 | |
| IndependentExaminer'sfee | 6,053 | 6,000 |
| Legalandprofessionalfees | 746 | 3,864 |
| 6,799 | 12,084 |
| 9. STAFFCOSTS | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Grosssalaries | 196,626 | 155,926 |
| Socialsecuritycosts | 19,627 | 16,532 |
| PrivateHealthInsurance | 7,995 | 6,637 |
| Pension Contributions(ScottishWidowsWorkplacePensionScheme) | 9,489 | 9,117 |
| 233,736 | 188,212 |
| £ | |
|---|---|
| Costormarketvalue | |
| At1January 2022 | 7,805 |
| Additions | 5,255 |
| At31December2022 | 13,060 |
| Depreciation | |
| At1January2022 | 7,357 |
| Chargefortheyear | 1,608 |
| At31December2022 | 8,965 |
| Netbookvalue | |
| At31December2022 | 4,095 |
| At31December2021 | 852 |
| 11.1.FIXEDASSETINVESTMENTS | ||
|---|---|---|
| ListedInvestments | Quoted | Quoted |
| Investments | Investments | |
| 2022 | 2021 | |
| £ | £ | |
| Balancebroughtforward | 5,376,695 | 6,616,840 |
| Acquisitionsatcost | 16,744 | 553,652 |
| Less:disposalproceeds | - | (2,952,302) |
| NetRealised(Losses)/gainsondisposals | 181,004 | |
| NetUnrealised(loss)/gainonrevaluation | (506,464) | 977,501 |
| MarketValueCarriedForward | 4,886,975 | 5,376,695 |
| HistoricalCost | 2,689,686 | 2,672,942 |
| GeographicalAnalysis | ||
| UnitedKingdominvestments | 2,249,615 | 2,395,678 |
| Overseasinvestments | 2,637,360 | 2,981,017 |
| 4,886,975 | 5,376,695 |
| QuotedInvestments | Valueasat | 31Dec2022 |
|---|---|---|
| SPDRS&P 500ETFTRUST | £ | 1,694,130 |
| iSharesIIIPLCMSCIWorldUCITS(GBP) | £ | 1,419,330 |
| VanguardInformationTechnologyETF | £ | 515,732 |
| EmpiricStudentPropertyPlc | £ | 469,475 |
| QuotedInvestments | Valueasat | 31Dec2021 |
| SPDRS&P500ETFTRUST | £ | 1,876,273 |
| iSharesIIIPLCMSCIWorldUCITS(GBP) | £ | 1,548,360 |
| VanguardInformationTechnologyETF | £ | 659,700 |
| EmpiricStudentPropertyPlc | £ | 479,511 |
| TheScheme'sinvestmentassetshave | beenfairvaluedusing | theabovehiera | rchycategoriesasfol | lows: |
|---|---|---|---|---|
| Asat31December2022 | **Level1 ** | **Level2 ** | **Level3 ** | Total |
| Managedfunds | 4,886,975 | 4,886,975 | ||
| Programmerelatedinvestments | 65,082 | 65,082 | ||
| Total | 4,886,975 | 65,082 | 4,952,057 | |
| Asat31December2021 | **Level1 ** | **Level2 ** | **Level3 ** | Total |
| Managedfunds | 5,376,695 | 5,376,695 | ||
| Programmerelatedinvestments | 69,563 | 69,563 | ||
| Total | 5,376,695 | 69,563 | 5,446,258 |
| 11.2.FIXEDASSETPROGRAMMERELATEDINVESTM | ENTS | |
|---|---|---|
| Programmerelated | ||
| Investments | Total | |
| 2022 | 2021 | |
| Balancebroughtforward | 69,563 | 87,911 |
| CapitalRepayments | (7,219) | (14,304) |
| FXRevaluation | 2,738 | (4,044) |
| MarketValueCarriedForward | 65,082 | 69,563 |
| 2022 | 2021 | |
| ProgrammeRelatedInvestments | Total | Total |
| TalentFundPeru | 13,723 | 18,204 |
| FutureShapers(Sheffield)* | 325 | 325 |
| lngaboPlantHealth | 41,362 | 41,362 |
| RumbukaSeeds | 9,672 | 9,672 |
| 65,082 | 69,563 |
| Creditorsfallingduewithinone | year | |||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Total | Total | |||||
| £ | £ | |||||
| Accruals | 7,678 | 10,468 | ||||
| Othercreditors | 7,317 | 1,479 | ||||
| 14,995 | 11,947 | |||||
| 14. SHARECAPITAL | Allocated, | |||||
| CalledUp | ||||||
| andFully | ||||||
| Authorised | Paid | |||||
| £ | £ | |||||
| Ordinarysharesof£1eachat1Januaryand31 | December2022 | 1 | 1 | |||
| 15. MOVEMENTOFRESERVES | ||||||
| 1stJanuary | Incoming | Outgoing | **Gains& ** | Fund | 31stDecember | |
| 2022 | Resources | Resources | (Losses) | Transfers | 2022 | |
| £ | £ | £ | £ | £ | £ | |
| UnrestrictedFunds: | ||||||
| Unrestrictedgeneralfunds | 8,014,953 | 88,094 | (1,865,986) | (315,862) | 5,921,199 | |
| TotalFunds | 8,014,953 | 88,094 | (1,865,986) | (315,862) | 5,921,199 |
| Yearto31December2022 | |||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Fixedassetsandinvestments | 4,956,152 | 4,956,152 | |
| Currentassets | 980,043 | 980,043 | |
| Creditors | (14,995) | (14,995) | |
| 5,921,200 | 5,921,200 |
| Yearto31December2021 | |||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| Funds | Funds | 2020 | |
| £ | £ | £ | |
| Fixedassetsandinvestments | 5,446,706 | 5,446,706 | |
| Currentassets | 2,580,195 | - | 2,580,195 |
| Creditors | (11,947) | (11,947) | |
| 8,014,954 | 8,014,954 |