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|---|---|---|---|
|General
information||||
|Report ofthe trustees|||3-4|
|Statement
oftrustees'||responsibilities||
|Independent
examiner's||report||
|Statement offinancial|activities|||
|Balance sheet||||
|Cashf low statement||||
|Accounting
policies|||10-11|
|Notes to the financial|statements||12 - 14|
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|||Unrestricted|Expendable|Total|Total|
|---|---|---|---|---|---|
|||Income|endowment|this year|iast year|
||Note|Fund|Fundf|2023|2022|
|Incoming resources||||||
|Investment
income||217,675||217,675|228,459|
|Total incoming
resourses||217,675||217,675|228,459|
|Resources expended||||||
|Charitable
activities||||||
|Grant and donations||7,123||7,123|453,000|
|Governance
cost||5,220||5,220|5,580|
|Total resources expended||12,343||12,343|458,580|
|Net incoming/(outgoing)|resources|205,332||205,332|(230,121)|
|before transfers||||||
|Gross transfers
between|funds|||||
|Net income/(outgoing)
resources before||||||
|other recognised
gains|and losses|205,332||205,332|(230,121)|
|Other recognised
gains|and losses|478||478|549|
|Gains/(losses)/gains
on investments|||(305,469)|(305,469)|585,677|
|Net movements
in funds||205,811|(305,469)|(99,659)|356,105|
|Fund balance
brought
forward at 6 April 2022|||8,633,736|8,633,736|8,277,631|
|Fund balance carried forward at 5April 2023||205,811|8,328,267|8,534,078|8,633,736|
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|||||||Total|Total|
|---|---|---|---|---|---|---|---|
||||||Note|this year|last year|
|||||||2023|2022|
|Fixed assets||||||||
|Investment
at market value||||||8,097,952|8,528,421|
|Current assets||||||||
|Debtors||||||53,896|54,747|
|Cash at Handelsbanken|||Wealth 8 Asset Mgt|||378,536|46,678|
|Cash at Handelsbanken|||Wealth 8 Asset Mgt (USD account)|||8,852|9,469|
|||||||441,285|110,894|
|Creditors: amounts||falling||due within one year|6|~5,160|~(5,580|
|Net current|assets|||||436,125|105,314|
|Total assets|less current|||liabilities||8,534,078|8,633,736|
|Creditors: amounts||falling||due after one year||||
|Net assets||||||8,534,078|8,633,736|
|Funds||||||||
|Expendable|endowment||fund|||8,328,267|8,633,736|
|Unrestricted|income|fund||||205,811||
|||||||8,534,078|8,633,736|
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||2023|2022|
|---|---|---|
|Net income for the year|205,332|(230,121 )|
|Adjustments
for
Interest and dividends
Decrease/(Increase)
in debtors
(Decrease)/Increase
in creditors|(217,675)
851
(420)|(228,459)
4,406
(85,000)|
|Cash flows from operating
activities|(11,912)|{539,174)|
|Cash flows from investing
activities
Interest and dividends
Proceeds from sale of investments
Purchase
of investments|218,154
125,000|229,008
6,877,138
(6,662,138)|
|Net cash used by investing
activities|343,154|444,008|
|Change
in cash and cash equivalents
Cash and cash equivalents
brought
forward
Cash and cash equivalents
carried forward|331,242
56,147
387,389|{95,166)
151,313
56, 147|
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|||||||2023|2022|
|---|---|---|---|---|---|---|---|
|||||||F||
|1|Investment
income|||||||
||COIF Chanties|Investment||Fds Income|Ur.its||44,003|
||COIF Charities|Global Eouity income Fund Income|||||15,150|
||COIF Charities
Global Equity|Income Fund||Income Units||54,747|15,061|
||COIF Charities
Global Equity|Income Fund||Income Units||54,427|45,071|
||COIF Charities
Global Equity
COIF Charities
Global Equity|Income Fund
Income Fund||Income Units
Income Units||54,427
53,896 *|54,427
54,747|
||Porffolio deposit (GBP)|||||149||
||Portfolio deposit (USD)|||||28||
||(Investment
income is all unrestricted|funds|income)|||217,675|228,459|
|2|Grants made|||||||
||St Endellion
Trust|||||2,000||
||Hampshire
Stadium|||||1,000||
||Clean Air Green Environment|||||3,000||
||Friends ofAmity|||||1,123||
||Optimus
Foundation||||||300,000|
||Outdoor Adventures||for Girls||||500|
||Gan;e 8 Wildlife Conservation
Trust||||||7,500|
||Whizz-Kidz||||||100,000|
||Tushinde
Children's||Trust||||40,000|
||Port Issac Harbour||Repairs||||5,000|
||(Grant expenditure
is all unrestricted|Fund|expenditure)|||7,123|453,000|
||Grants commitments|||||||
|3|Governance cost|||||||
||Independent
Audit fees-|||||60|1,500|
||Accountancy fees-|||||4,080|4,080|
||Independent
Examiners fee-|||||1,080||
||(Governance
expenditure
is all unrestricted||fund expenditure)|||5,220|5,580|
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||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|
||||||||F||
|4|Ilarket value||||||||
||Carry (market)|value at beginning||ofyear|||8,528,421|8,157,744|
||Add Additions|at cost||||||6,662,138|
||Less disposals|at carry value|||||(125,000)|{6,877.,138)|
||Add/(deduct)
net gain/(loss)
Add/(deduct)
net gain/(loss)||on disposals
on revaluation||||(7,622)
(297,847|896,693
~('11,016|
||Carry (market)|value at end ofyear|||||8,097,952|8,528,421|
||Bank Charges|&Exchange|rate|adjustments|||||
||Exchange rate|variances
on|Dollar|account|||478||
||||||||478||
||Analysis of Investment||||||||
||||||||*Mkt Value|*Mkt Value|
||||||||at year end|at year end|
||Fixed Assets||||||||
||3,151,812.72|COIF Charities
Global|||Equity Income Fund||8,097,952|8,548,421|
|||||||Income Units|||
||Total||||||8,097,952|8,548,421|
||(*Based on the|mid market valuations|||provided|by CCLA)|||
|5|Debtors||||||||
||Dividends
due|but not paid at 5 April 2023*|||||53,896|54,747|
||||||||53,896|54,747|
|6|Creditors: amount
falling due within one year||||||||
||Accountancy fees-||||||4,080|4,080|
||Independent
Audit fees-|||||||1,500|
||Independent
Examiners fee-||||||1,080||
||||||||5,160|5,580|
|7|Creditors: amount
falling due after||||one year||||
||Grants commitments||||||||
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|8|Analysis of|Funds|||||||
|---|---|---|---|---|---|---|---|---|
|||||At|Income|Expenditure|Gains/losses|At|
|||||06-Apr-22|||8 transfers|05-Apr-23|
|||||||||E|
||Expendable|endowment|funds|8,633,736|||(305,469)|8,328,267|
||Unrestricted|funds|||217,675|(12,343)|478|205,811|
|||||8,633,736|217,675|12,343)|304,991|8,534,078|
|||||At|Income|Expenditure|Gains/losses|At|
|||||06-Apr-21|||8 transfers|05-Apr-22|
||||||||E||
||Expendable|endowment|funds|8,277,631|||356,105|8,633,736|
||Unrestricted|funds|||228,459|(458,580)|230,121||
|||||8,277,631|228,459|458,581)|586,226|8,633,736|
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