2023-04-05-accounts

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REPORT OFTHE TRUSTEES
REPORT OF THE INDEPENDENT	EXAMINER
STATEMENT OF FINANCIAL ACTIVITIES
BALANCE SHEET
NOTES TO THE FINANCIAL STATEMENTS		7HO
2022 STATEMENT OF FINANCIAL	ACTIVITIES SHOWING
ALLOCATION BETWEEN FUNDS

					INCOME FUND	EXPENDABLE	TOTAL	TOTAL
					(unrestricted)	ENDOWMENT	2023	2022
			Notes		6	6	6	6
INCOME AND EXPENDITURE								(page 11)
Income and Endowments		from:
Investment income Bank interest					55,736.67 2,000A1		55,736.67 2,000.41	58,479
Total Incoming					57,737.08		57,737.08	58,479
EXPENDITURE ON
Raising Funds
Investment management	fees					12,551.89	12,551.89	13,513
Charitable Activities
Grants			3		76,981.68		76,981.68	10,367
Support costs			10		6,473.00		6,473.00	6,587
Total Expenditure					83,454.68	12,551.89	96006.57	30,467
Net (expenditure)/income investment gains		before			(25,717.60)	(12,551.89) I	(38,269.49)	28,012
(Losses)/gains on investments:
Realised Unrealised						(12,035A3) (147,844.69)	(12,035.43) (147,844.69)	(1,183) 66,771
Net (expenditure)/income					(25,717.60)	(172,432.01)	(198,149.61)	93,600
Other recognised gains/losses
Currency gains/(losses)
Net movement offunds					(25,717.60)	(172,432.01)	(198,149.61)	93,600
Reconciliation ofFunds
Fund Balances brought forward					132,845.97	1,887,238.39	2,020,084.36	1,926,484
Fund Balances carried forward				E	107,128,37	E1,714,806.38	E 1,821,934.76	F-2,020,084

	Notes		2023		2022
Fixed Assets
Investments			1,618,843.14			1,809,126
Current Assets
- Metrcbank account		48,876.65		5,557
- Charles Stanley tt Co accounts		198,371.85		207,415
Total Current Assets			247,248AO			212,972
			1,868,091.54		2,022,098
Less: Creditors
Amounts fal(ing due within one year
Accruals		4,256.00		2,014
Grants committed		399D0.79
			44,156.79			2,014
Total Net Assets			61,821,934.75		62,020,084
Funds ofthe Charity
Capital Funds
Expendable Endowment			1,714,806.38			1,887,238
Income Funds
Income Fund (unrestricted)			107,128.37			132,846
Total Funds			61,821,934.75		F	2,020,084
Approved by:
Oats I0

Investments	Investments	Investments	Investments	Investments	Investments
Movements on quoted investments were as follows:								2023	2022
								6	8
Market value at 6April		2022						1,809,125.95	1,816,621
Add: acquisitions at cost Less: realised gain/(loss' (12,03543) 5:9 8 ~88885.59								58,282.90 (100,721.02)	163,557 (237,823)
Net (loss)/gain on revaluation at 5April 2022								(147,844.69)	66,771
Market value at 5April		2023					E	1,618,843.14	81,809,126
Historical cost as at 5 April 2023							E	1,442,497	81,475,884
All investments are listed		on a recognised		stock exchange.		There was only	one investment,
Shell Ord Eur 0.07,which		accounted	for more than 5%of the			portfolio by value.
The total market value is		made up as	follows:
								2023	2022
								6	8
Overseas investments		-equities						484,908.54	362,587
UK Investments		-fixed Interest						189,623.96	287,055
		-equities						861,162.83	1,039,222
		-property						83,147.81	120,262
							6	1,618,843.14	F1,809,126
Income from investments		for the year	comprises		the following:
								2023	2022
								6
Income from overseas	holdings							12,670.61	11,499
Income from UK investments
		-fixed interest						3,981.56	4,060
		-equities	and unit trusts					37,686.64	42,520
		-property						1,397.86	400
								855,736.67	P.58,479

nd balances at5 April 202	3 are represented by:
	Income Fund	Expendable	Total Funds	2022
	(unrestricted)	Endowment
		E
Investments		1,618,843.14	1,618,843.14	1,809,126
Current Assets	151,285.16	95,963.24	247,248A0	212,972
Creditors	(44,156.79)		(44,156.79)	(2,014)
Total Net Assets	E 107,128.37	E 1,714,806.38	E 1,821,934.75	2,020,084

The summary o	f net assets	between	funds for 5Apdl 2	funds for 5Apdl 2	022 was as follows:
			Income Fund		Expendable		Total Funds
			(unrestricted)		Endowment
				E	E
Investments					1,809,125.95		1,809,125.95
Current Assets				134,859.57	78,112.44		212,972.01
Creditors				(2,013.60)			(2,013.60)
Total Net Assets			E 132,845.97		E 1,88'7,238.39	E	2,020,084.36
6.Summary of	movement	in funds
				2,023	2,023		2,022	2,022
			Income Fund		Expendable	Income Fund		Expendable
			(unrestricted)		Endowment		(unrestricted)	Endowment
				E	E		E	E
Balance brought	forward			132,845.97	1,887,238.39		91,321	1,835,163
Income				57,737.08			58,479
Expenditure				(83,454.68)	(12,561.89)		(16,954)	(13,513)
Other gains/(losses)					(159,880.12)			65,588
Currency losses
Balance carded	forward		8	107,128.37	8 1,71~,806.38	2	132,846	7. 1,887,238
Total funds				2023 -	E 1,821,934.75		2022 -	F 2,020,084

				Income Fund	Expendable	Total	Total
				(unrestricted)	Endowment	2023	2022
					E	E	E
Metro Bank	charges			93.00		93.00	53
Legal and professional		fees		5,940.00		5,940.00	6,096
Independent	Examination		fee	440.00		440.00	438
				86,473.00		86,473.00 .	E6,587

				INCOME FUND	EXPENDABLE	TOTAL
				(unrestricted)	ENDOWMENT	2022
				F-	6	E
INCOME AND EXPENDITURE
Income and Endowments		from
Investment Income				58,479,05		68,479.05
Total Incoming				58,479.05		58,479.05
EXPENDITURE ON
Fundraising costs
Investment management	fees				13,512.69	13,512.69
Charitable Expenditure
Grants Supportcosts				10,367.45 6,687.06		10,367A5 6,587.06
Total Expenditure				16,954.61	13,512.69	30,467.20
Net income/(expenditure) investment gains		before		41,524.54	(13,512.69)	28,011.86
Gains/(losses) on investments'.
Realised Unrealised					(1,183.54) 66,771.47	(1,183.54) 66,771A7
Net income/(expenditure)				41,624.54	52,075.24	93,599.78
Other recognised gains/losses
Currency gains/(losses)
Net movement offunds				41,524.54	52,075.24	93,599.78
Reconciliation of Funds
Fund Balances broughtforward				91,321.43	1,835,163,15	1,926,484.58
Fund Balances carried forward			6	132,845.97	61,887,238.39	E2,020,084.36