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2022-12-31-accounts

Page
Trustees' report 1-6
Independent
examiner's		 report
Statement offinancial activities
Summary income and expenditure account
Balance sheet 10
Notes to the financial statements 11-23

Unrestricted Endowment Total Unrestricted Total Unrestricted Endowment Total
funds funds funds funds
2022 2022 2021 2021 2021
Notes f. F
Income from:
Donations
and legacies		 13,310 13,310 11,030 11,030
investments 22,645 112,326 134,971 9,436 107,326 116,762
Other income 148,000 (148,000) - 98,500 (98,500)
Total income 183,955 (35,674) 148,281 118,966 8,826 127,792
Ex enditure on:
Raising funds 5,458 29,269 34,727 8,269 22,362 30,631
Charitable
activities		 178,328 178,328 170,602 170,602
Total charitable expenditure 183,786 29,269 213,055 178,871 22,362 201,233
Net operating (deficit) 169 (64,943) (64,774) (59,905) (13,536) (73,441)
Net gains/(losses) on
investments 12 (349,976) (349,976) 474,835 474,835
Net movement in funds 169 (414,919) (414,750) (59,905) 461,299 401,394
Fund balances at 1 January
2022 50,640 4,979,405 5,030,045 110,545 4,518,106 4,628,651
Fund balances at 31
December 2022 50,809 4,564,486 4,615,295 50,640 4,979,405 5,030,045

All income funds
2022 2021
Gross income 183,955 118,966
Total expenditure from income funds 183,786 178,871
Net income/(expenditure) for the year 169 (59,905)

2022 2021
Notes R
Fixed assets
Tangible assets 13 42,059 42,539
Investment
properties		 14 557,941 557,941
Investments 15 4,011,551 4,424,172
4,611,551 5,024,652
Current assets
Cash at bank and in hand 34,654 29,656
Creditors: amounts falling due within
one year (30,910) (24,263)
Net current assets 3,744 5,393
Total assets less current liabilities 4,615,295 5,030,045
Capital funds
Endowment
funds - general		 19 4,564,486 4,979,405
Income funds
Unrestricted
funds		 50,809 50,640
4,615,295 5,030,045

Unrestricted Unrestricted
funds funds
2022 2021
E
Donations and gifts 13,310 11,030

Unrestricted Endowment Total Unrestricted Endowment Total
funds funds funds funds
general general
2022 2021 2021 2021
F
Rental income 22,574 22,574 9,436 9,436
Income from listed
investments 112,326 112,326 107,326 107,326
interest 71 71
22,645 112,326 134,971 9,436 107,326 116,762

Unrestricted Endowment Total Unrestricted Endowment Total
funds funds funds funds
general general
2022 2022 2021 2021 2021
E F E
Released from Unapplied
Total Return 148,000 (148,000) 98,500 (98,500)
Raising funds
Unrestricted Endowment Total Unrestricted Endowment Total
funds funds funds funds
general general
2022 2022 2021 2021 2021
R E F P
Fundraisin and ublici
Investment management
fees 702 29,269 29,971 701 22,362 23,063
Support costs 4,756 4,756 7,568 7,568
5,458 29,269 34,727 8,269 22,362 30,631

Unrestricted Unrestricted
Funds Funds
2022 2021
Grant funding ofactivities (see note 8) 133,553 121,293
Share ofsupport costs (see note 9) 33,940 34,685
Share ofgovernance costs (see note 9) 10,835 14,624
178,328 170,602

8 Grants payable Unrestricted
funds
Grants to organisations: 2022
f.
Boxgrove Primary School 710
Bushy
Hill Junior School		 300
Burpham
Primary
School		 530
Christs College 2,050
Guildford
County School		 1,720
Guildford
Grove		 2,320
Holy Trinity Junior School 450
Kings College 1,640
Merrow C of E Infant School 360
Northmead
Junior School		 680
Onstow
Infant School		 160
Pewley
Down Infant School		 220
Queen Eleanors Junior School 300
Sandfield
Primary School		 810
StJosephs 530
StThomas ofCanterbury
Catholic		 Primary School 350
Stoughton
infant School		 670
Worplesdon
Primary School		 200
Reskilled- Start Up Funding 5,625
Guildford
Town Centre Chaplaincy		 —Community Angels 6,000
South West Surrey
Domestic		 Abuse Outreach Service (hosted by CA Waverley) —Fatlish
Children's
Outreach
Service		 6,300
Guildford
Shakespeare
Company		 —In our Stars 6,200
Halow Project - Volunteer
Development		 Programme 2022-23 7,000
South
West Surrey
Domestic		 Abuse Outreach Service (CA Waverley) Fatfish Children' s
Sumer Group 412
StThomas ofCanterbury
Catholic		 Primary School —StoC 8 Chill Club for Young Carers 990
TALK Surrey CIO - Running
Costs oftwo Guildford		 TALK aphasia support groups 5,000
South West Surrey Association for Mental Health (The Canterbury Care Centre) - Assistant
Position and massage therapist 5,980
Delight - Delight with Weyfield Primary School and Guildford Grove Primary School 7,450
Oakleaf Enterprise - Upholstery Training 7,500
Gosden House School —Therapy Donkeys 75
South West Surrey Refuge (SAHA) Happy Christmas Project 500
Weyfield
Primary Academy —School Welfare		 Fund (agreed by email between meetings) 650
St Peter's Shared Church
Community		 Mental Health First Aid Training for Stoke Ward 700
Challengers —Guildford
Play and		 Youth Scheme 6,000
HomeStart —Family Support Group (Hazel Avenue, Bellfields) 7,000
CHIPS Guildford —CHIPS 2023:Supporting
vulnerable		 North Guildford
children		 and families 7,500
Surrey Lifelong Learning
Partnership		 —Guildford Learning and Skills Hub 6,375
Eikon Youth Support Practitioner Programme, Kings College, Guildford 6,000
Total 107,257
Grants to individuals 26,446
Grants written back (150)
133,553

Support co sts
Support Governance 2022 Support Governance 2021
costs costs costs costs
E E
Staff costs 29,030 29,030 28,479 28,479
Office administrative
expenses 4,983 4,983 2,992 2,992
Office expenses 4,160 4,160 4,482 4,482
Repairs and renewals 523 523 6,300 6,300
Independent Examination 3,360 3,360 4,560 4,560
Accountancy 2,280 2,280 2,040 2,040
Legal and professional 5,195 5,195 8,024 8,024
38,696 10,835 49,531 42,253 14,624 56,877
Analysed
between
Fundraising 4,756 4,756 7,568 7,568
Charitable
activities		 33,940 10,835 44,775 34,685 14,624 49,309
38,696 10,835 49,531 42,253 14,624 56,877

The average monthly
number ofemployees
during th		 e year was:
2022 2021
Number Number
Employment costs 2022 2021
Wages and salaries 28,548 28,013
Other pension costs 482 466
29,030 28,479

2 Net gains/(lo sses)
on		 investments
Endowment Endowment
funds funds
general general
2022 2021
E E
Revaluation of investments (203,390) 239,232
Gain/(loss)
on sale ofinvestments		 (146,586) 235,603
(349,976) 474,835
13 Tangible fixed assets
Freehold land Computers Total
and buildings and oftlce
equipment
Cost
At 1 January 2022 42,059 1,570 43,629
At 31 December 2022 42,059 1,570 43,629
Depreciation and impairment
At 1 January 2022 1,090 1,090
Depreciation charged in the year 480 480
At 31 December 2022 1,570 1,570
Carrying
amount
At 31 December 2022 42,059 42,059
At 31 December 2021 42,059 480 42,539
14 Investment property
2022
f.
Fair value
At 1 January 2022 and 31 December 2022 557,941

14 Investment
property		 (Continued)
2022 2021
Freehold 557,941 557,941
Long leasehold
Short leasehold
15 Fixed asset investments
Listed Cash in Total
Investments portfolio
Cost or valuation
At 1 January 2022 4,296,490 127,682 4,424,172
Additions 779,337 5,058 784,395
Valuation
changes		 (203,390) (203,390)
Disposals (993,626) (993,626)
At 31 December 2022 3,878,811 132,740 4,011,551
Carrying
amount
At 31 December 2022 3,878,811 132,740 4,011,551
At 31 December 2021 4,296,490 127,682 4,424,172
16 Financial instruments 2022 2021
Carrying
amount of		 financial assets
Instruments
measured		 at fair value through profit or loss 3,878,811 4,296,490
17 Creditors: amounts failing due within one year
2022 2021
Notes F
Deferred income 18 6,295 2,914
Other creditors 15,000 15,000
Accruals and deferred income 9,615 6,349
30,910 24,263

2022 2021
Other deferred
income		 6,295 2,914
Deferred income is included in the financial statements as follows:
2022 2021
E
Deferred income is included within:
Current liabilities 6,295 2,914
Movements
in the year:
Deferred income at 1 January 2022 2,914
Released from previous periods (2,914)
Resources deferred in the year 6,295 2,914
Deferred income at 31 December 2022 6,295 2,914
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20 Analysis
of net assets		 Analysis
of net assets		 between funds
Unrestricted Endowment Total Unrestricted Endowment Total
funds funds funds funds
2022 2022 2021 2021 2021
f f: E P
Fund balances at 31
December 2022 are
represented by:
Tangible assets 42,059 42,059 480 42,059 42,539
Investment properties 557,941 557,941 557,941 557,941
Investments 47,065 3,964,486 4,011,551 43,493 4,380,679 4,424,172
Current assets/(liabilities) 3,744 3,744 6,667 (1,274) 5,393
50,809 4,564,486 4,615,295 50,640 4,979,405 5,030,045

22 Total Return Endowment Unapplied Total
Total Return
At 1 January 2022
Trust for Investment 2,425,155 2,425,155
Unapplied
Total		 Return 1,954,250 1,954,250
Total 2,425,155 1,954,250 4,379,405
Movements
in reporting		 period
Investment
return: Dividends		 and Interest 112,326 112,326
Investment
return: Realised		 and Unrealised gains
and (losses) (349,976) (349,976)
Less: investment managers costs (29,269) (29,269)
Total (266,919) (266,919)
Unapplied
Total		 Return allocated to income in the reporting period (148,000) (148,000)
Net movements in reporting period (414,919) (414,919)
At 31 December 2022
Trust for Investment 2,425,155 2,425,155
Unapplied
Total		 Return 1,539,331 1,539,331
Total 2,425,155 1,539,331 3,964,486