2023-04-05-accounts

		Unrestricted	Unetertcted
		funds	funds
		2023	2022
	Notes	8	8
Income from: Donations snd lsgsdes Investments		90,513,828 822,691	291,368
Total income		91,336,317	291,368
Expenditure on: Raising funds Charitable acfhrigea Other expenditure	5 8 12	100,800 71,70S 8,234	38,835 7,008.787
Total expenditure		178,742	7,042,622
Net gains on Investments	13	4,258,662	228,890
Nst Income/(expenditure)		9S,414,237	(6,522,366)
Other recognised gains and losses: Other gains/(losses)	15	(2,842)	18.338
Net movement ln funds		BS,411,395	(6,504,028)
Reconcglstlon of funds: Fund balances at6April 2022		6,259,830	12,763,856
Fund balances at 5Aprg 2023		101,67'l,225	6,259,830

						2923	2022
						6	8
Fixed sancta
Inveslm eras						105,038,925	B,813488
Curmnt assets
Oshhxs					18	578,079	ON,028
Cash at bash	snd In	hand				2.114,492	4.331,678
						2,802,571	4A40,606
Creditors: amounts		faBlng	dus within		19
one year						1,759,734	1,872223
Net cunsnt assets						932,837	2,068,S83
Total assets	less ounsnt 5ah6iges					105,071,762	11,78LOB9
Credltom: amounts		falling	du~alter
more than one year					20	(4,300,537)	(5,522,039)
Net assets						101,871~	8,259,030
The funds ofthe, Charity
Unrestricted	funds					101,871225	8,259,830
						10L671,225	8,250,830
Th fi 5 I	ht	I	pp	doth	T d	..(/ef/JIPsrr
Mm EMoshry

		Unrestricted	Unrestricted
		funds	funds
		2023	2022
		8	8
Investment	management	100,800	38,535

6	Expenditure	on charitable a«tlvlges	on charitable a«tlvlges
					Promoting	Promoting
					snd	~nd
					enhancing charitable	enhancing charitable
					work	work
					2023	2022
					5	9
	Direct costs
	Grant funding	ofacgvies (see note 7)			20,000	6,957,805
	Governance
	Share ofsupport and governance Support			costs (see note 8)	49,619	46,062
					2,089	1,920
					71,708	7,005,787
	Analysis by	fund
	Unrsstdcted	funds			71,708	7,005,787
7	Grants payable
					Promoting and	Pfonlotln9 and
					enhancing	enhancing
					charitable	charitable
					work	work
					2023	2822
					8	2
	Grants to lnstltugons:
	Independent	Press Regulation Trust				6,855,805
	The 363Trust					80.000
	inside Jusgce					26,000
	Asthsll Swlnbnmk 8Woold		Church		20,000	12.000
	Wllhw Foundation					5,000
					20,000	5,957,805

2823	2022
Number	Number

UnradrhM	Unrestricted
6mde	funds
2023	2022
6	6

		Unrestricted	Unrsstrfcted
		funds	funds
Galas/(lasses)	arising on:	2023 8	2022 f
Revaluation ofinvesbnents Sale ofInvestments Futures		8,316,611 351,f34 (2,411,583)	235,635 (6.745)
		4,256,662	228,890

Fixed asset Investments
		Listed
		Investments
		8
Cost or valuation At6Aprll2022 Additions Valuation changes Legacies receivable (see note 3) Dlsposels		8,813,466 3,149,344 6,318411 90,513,828 (4754,042)
At5April 2023		105,038,925
Canying mnount At OBApril 2023		105,038,925
At 05 April 2022		6,813,488
	2023	2022
Investments at fair value comprise:	6	6
UK equities and unit trusts Overseas equities Property funds Fixed income bonds	42,806,495 58,840,050 234/M0 3.156,920	4,942,722 3,572,540 298,224
	105,038,925	8,813,486

		Marlret value	%ofportfolio
~ o ~ ~ ~	SenoR SA TotalEnergles SE Allianz SE AstraZenecs PLC Aviva PLC	29,'l49,253 27,508,306 54,666,956 f5,797,000 E6,455.472	8.714/a 7.15% 4A4% 5.52% 6.16%
~ ~	BAESystems PLC British American Tobacco PLC	210,198,750 24,207,500	9,71% 4.01%
~	Melrose Industries PLC	57,373,250	7.02%
~ ~ o	Smiths Group PLC DRRoche Holding Ltd Zurich Insurance Group Ltd	85,632,750 54,468,003 53,932,754	5,65% 4.25% 3.74%

						2023	2022
						E	E
	Carrying amount of			financial assets
	Instruments		measured	at fair value through	profit orloss	105,038,925	8,813,486
18	Debtors
						2023	2022
	Amounts	faBlng due		within one year:			E
	Tax recoverable					12,NO	9,028
	Other debtom					507,643	600,000
	Prepaymsnts		and accrued Income			58,438
						578.079	509.028
19	Creditors:	amounts		failing due within one year
						2023	2022
						E	E
	Aocruals for		grants payable			1,721,602	1,858,768
	Accruals snd deferred			income		38,232	13,467
						1,759,734	1,872,223
20	Creditom:	amounts		falBng dus after mom	than one year
						2023	2022
						E	E
	Accruals for		grants payable			4,300,537	5,522,039

25	Related party transactions
	There warn no dlsdosable related party transactions		during the		year (2022 - none).
28	Cash generated from operations					2023	2022
						E	E
	Surplus/(degcit) for the year					95814,237	(6,522,366)
	Ad)usbnsnts for.
	Inveslmsnt Income recognised	in statement offinancial		activities		(822,891)	(291,386)
	(Gain)goes on disposal of Investmenta					(351.734)	8,745
	Fairvalue gains and losses on Investments					(6,316,511)	(235,635)
	Legsdes mcelvsble					(90,513,828)
	Movements In working capital:
	(Increase) in debtors					(89,051)	(501,862)
	(Decmsss)/Incmase In cmdltom					(1,333,991)	5,821405
	Cash absorbed by operations					(3,993,367)	(1.923,179)
27	Analysis ofchanges in net funds
	The Charily had no material debt during ths year.
28	Prior period adjustment
	Changes to the balance sheet
					At	5Apnl 2022
					As previously	Ad)ustment	As restated
					reported
					E	8	E
	Credltom due within one year
	Accruals for grants payable				(1,878,457)	8,234	(1,872,223)
	Cmdltors dus after one year
	Accruals forgrants payable				(5,680,000)	137,951	(5,522,039)
	hist assets				6,115,635	144,195	6,259,830

28	Prier period	ndjustmont	ndjustmont				(Conflnusd)
					At	5Aprfl 2022
					As previously	Adjustment	As restated
					mporiedf	f	6
	Capital funds
	Inccsne funds Unmstrfded funds				6,116,835	144,195	6,259,830
				Total equity	8,115,835	144,195	6859,830
	Changes to	ths proflt and loss account			Period	ended 6Aprg 2922
					As prevfousty	Adjuebnont	As restated
					reportedf	f	f
	Charitable acQvtdsa				7,149,962	(144,195)	7,005,787
	Net movement		in funds		(6,848,223)	144,195	(6,504,028)