## ## |Trustees|MMCFTrustee Limited| |---|---| |Charity number|1140648| |Principal **address**|Alexandra House| ||St Johns Street| ||Salisbury| ||Wiltshire| ||SP1 2SB| |**Independent examiner**|James Fletcher FCA| ||Fletcher & Partners| ||Crown Chambers| ||Bridge Street| ||Salisbury| ||SP1 2LZ| |**Solicitors**|Wilsons Solicitors LLP| ||Alexandra House| ||St Johns Street| ||Salisbury| ||Wiltshire| ||SP1 2SB| |**Investment advisors**|Quilter Cheviot Investment Management| ||90 LongAcre| ||London| ||WC2E 9RA| ||SAGAS.A.| ||13 rue Ceard| ||Case Postale 3638| ||CH-1211 Geneva 3| ||Switzerland| ||Julius Baer & Co Ltd| ||Lefebvre Court, Lefebvre Street| ||St Peter Port| ||Guernsey| ||Channel Islands| ||GY14BS| ## ## ||**Page**| |---|---| |Trustee's report|1-3| |Statement oftrustee's responsibilities|4| |Independent examiner's report|5| |Statement offinancial activities|6| |Balance sheet|7| |Notes to the accounts|8-13| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||**2023**|**2022**| |---|---|---|---| ||**Notes**|£|£| |**Income**from:|||| |Investments|2|210,511.19|166,192.43| |**Expenditure on:**|||| |Raisingfunds|3|(116,006.13)|(133,551.27)| |Charitable activities|**4**|(510,586.43)|(486,563.12)| |**Total expenditure**||(626,592.56)|(620,114.39)| |Net gains/(losses) on investments|7|(544,126.31)|762,568.14| |**Net movement**in **funds**||(960,207.68)|308,646.18| |Fund balances at 6April 2022||**14,386,895.92**|**14,078,249.74**| |**Fund balances at 5 Apri**I **2023**||**13,426,688.24**|**14,386,895.92**| ## ## ## |||**2023**|||**2022**| |---|---|---|---|---|---| ||**Notes**|£|£|£|£| |**Fixed assets**|||||| |Investments|**11**|13,297,503.82|||14,289,012.66| |**Current assets**|||||| |Debtors|**9**|554.47||1,254.85|| |Cash at bank and in hand||214,559.29||125,968.55|| |||215,113.76||127,223.40|| |**Creditors: amounts falling due within**|**1 O**||||| |**_one_ year**||**(85,929.44)**||(29,340.14)|| |Net current assets|||129,184.32||97,883.26| |**Total assets less current liabilities**||**13,426,688.14**|||**14,386,895.92**| |Unrestricted funds||13,426,688.24|||14,386,895.92| |||**13,426,688.24**|||14,386,895.92| |T~**trmved** bytheTrustees on •••**_7...P.f(~ u.:,_b-l,v_** _;(O_**;lJ**|||||| |....................~
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-|John Nicholas|Cotton (Director|MM.CFTrustee|Limited)|| ## ## ## ## ## ## ## ## ## ## ||**2023**|**2022**| |---|---|---| ||£|£| |Income from listed investments|208,298.64|165,026.94| |Interest receivable|1,658.08|28.42| |Accrued income|554.47|1,137.07| ||210,511.19|166,192.43| |**Raising funds**||| ||**2023**|**2022**| ||£|£| |Investment management|116,006.13|133,551.27| ||116,006.13|133,551.27| ## |**4**|**Charitable activities**|||| |---|---|---|---|---| ||||**`2023`**|**`2022`**| ||||£|£| ||Grant funding of activities (see note 5)||466,000.00|438,546.23| ||Share of governance costs (see note 6)||44,586.43|48,016.89| ||||510,586.43|486,563.12| |**5**|**Grants payable**|||| ||||**`2023`**|**`2022`**| ||||£|£| ||Grantsto institutions:||466,000.00|353,000.00| ||Grants to individuals:|||85,546.23| ||||466,000.00|438,546.23| |**6**|**Support costs**|||| |||**`2023`**||**`2022`**| |||£||£| ||Independent Examinations fees|2,880.00||2,400.00| ||Trustee Expenses|7,379.43||1,881.17| ||Legalfees|33,597.00||42,823.80| ||Sundry disbursements|312.00||516.00| ||Bank charges|51.10||28.92| ||Legalfees re Trust Company|367.00||367.00| |||44,586.53||48,016.89| ## |7|**Unrealised and realised gains/(losses)**|**2023**|**2022**| |---|---|---|---| |||£|£| ||Realised gains on sales of investments|198,728.34|608,869.99| ||Revaluation of investments|(742,854.65)|153,698.15| ||Net gains/(losses) on investments|(544,126.31)|762,568.14| ## ## |||**2023**|**2022**| |---|---|---|---| ||**Amounts falling** **_due_ within** **_one_ year:**|£|£| ||Other debtors|554.47|1,254.85| |**10**|**Creditors: amounts falling** **_due_ within** **_one_ year**||| |||**2023**|**2022**| |||£|£| ||Other creditors|**85,929.44**|**29,340.14**| ||||**r**|l|N.|.....|_O_|_O_|0O|_O_|u|.....|_O_|al|u| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||**(**
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