## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||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)|