## ## ## ## ||||Page| |---|---|---|---| |Trustees'
report|||t -3| |Independent
examiner's||report|| |Statement offinancial|activities||| |Balance sheet|||| |Statement ofcash flows|||| |Notes to the financial|statements||9-19| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Unrestricted|Endowment|Total|Unrestricted|Endowment|Total| |---|---|---|---|---|---|---|---|---| ||||funds|funds||funds|funds|| ||||2023|2023|2023|2022|2022|2022| |||Notes|||6||6|6| |Logjam||||||||| |Donations
and||||||||| |legacies||3|||||5,047,959|5,047,959| |Investments||4|248,404||248,404|55,066||55,066| |Total income and||||||||| |endowments|||248,404||248,404|55,066|5,047,959|5,103,025| |Raising funds||||29,567|29,567||14,769|14,769| |Charitable
activities||6|135,973||135,973|53,186||53,186| |Total expenditure|||135,973|29,567|165,540|53,186|14,769|67,955| |Net gains/(losses)||on||||||| |investments||10||(469,992)|(469,992)||222,680|222,680| |Net movement|in|funds|112,431|(499,559)|(387,128)|1,880|5,255,870|5,257,750| |Fund balances|at 1 April|||||||| |2022|||15,202|6,913,386|6,928,588|13,322|1,657,516|1,670,838| |Fund balances|at|31||||||| |INarch 2023|||127,633|6,413,827|6,541,460|15,202|6,913,386|6,928,588| ## ## ## ||||||2023||2022|| |---|---|---|---|---|---|---|---|---| |||||Notes|8||6|| |Fixed assets||||||||| |Tangible assets||||12||912||1,240| |Investments||||13||6,274,657||6,751,380| |||||||6,275,569||6,752,620| |Current assets||||||||| |Debtors||||14|204,085||194,135|| |Cash at bank and in|||hand||86,557|||| ||||||290,642||194,135|| |Creditors:|amounts||falling due within|||||| |one year||||16|(24,751)||(18,167)|| |Net current|assets|||||265,891||175,968| |Total assets less current liabilities||||||6,541,460||6,928,588| |Capital funds||||||||| |En
wmn|fnd|-|ener|||||| |General endowment|||funds||6,413,827||6,913,386|| ||||||6,413,827||6,913,386|| |Permanent|endowment|||||||| |Expendable|endowment||||6,413,827||6,913,386|| |||||17||6,413,827||6,913,386| |Income funds||||||||| |Unrestricted|funds|||||127,633||15,202| |||||||6,541,460||6,928,588| ## ## ||||||2023||2022|| |---|---|---|---|---|---|---|---|---| |||||Notes|6||6|| |Cash flows from operating||activities||||||| |Cash (absorbed
by)/generated
from||||20||||| |operations||||||(143,817)||167,645| |Investing|activities|||||||| |Purchase|oftangible fixed assets||||||(1,312)|| |Purchase|of investments||||(380,344)||(1,108,715)|| |Proceeds|on disposal of investments||||351,627||927,192|| |Investment|income received||||224,272||45,372|| |Net cash|generated
from/(used||in)|||||| |investing|activities|||||195,555||(137,463)| |Net cash|used in financing|activities||||||| |Net increase
in cash and cash|||equivalents|||51,738||30,182| |Cash and|cash equivalents|at beginning||ofyear||50,588||20,406| |Cash and|cash equivalents|at end of||year||102,326||50,588| |Relating to:||||||||| |Cash at bank and
in hand||||||86,557||| |Cash held|for future investment|||||15,769||51,217| |Bank overdraRs
included
in||creditors payable||||||| |within one year||||||||(629)| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |4|Investments|||||||| |---|---|---|---|---|---|---|---|---| ||||||||Unrestricted|Unrestricted| ||||||||funds|funds| ||||||||2023|2022| ||||||||5|f| ||income from listed investments||||-dividends|received|248,404|55,066| |5|Raising funds|||||||| ||||||||Endowment|Endowment| ||||||||funds|funds| ||||||||general|general| ||||||||2023f|2022| ||Investment|management|||||29,567|14,769| ||||||||29,567|14,769| |6|Charitable|activities||||||| ||||||||Grant|Grant| ||||||||making|making| ||||||||2023|2022| ||||||||8|8| ||Grant funding||of activities (see||note 7)||118,000|31,500| ||Share of support costs (see note 8)||||||4,100|2,871| ||Share ofgovernance|||costs (see note 8)|||13,873|18,815| ||||||||135,973|53,186| ## ## ## |||||Grant making|Grant making| |---|---|---|---|---|---| |||||2023|2022| |||||8|8| |Grants to institutions:|||||| |Animal care||||2,000|| |Care ofyoung people||||21,000|3,000| |Medical research,|medicine||and other care|25,000|5,500| |Mental health
well|being, care and support|||8,000|3,000| |Music and the arts||||11,000|1,000| |Refugee support||||8,000|11,000| |Relief offinancial|hardship|||2,000|3,000| |Religion and care|of|places|ofworship|20,000|2,000| |Rescue and support||organisations||19,000|3,000| |Environment
and|regeneration|||1,000|| |Volunteering||||1,000|| |||||118,000|31,500| ## ## ## |Support cos|ts||||||| |---|---|---|---|---|---|---|---| |||Support|Governance|2023Support|costs|Governance|2022| |||costs|costs|||costs|| |||f|E|E|f|E|| |Depreciation||328||328|72||72| |Solicitors' fees - Grant|||||||| |making costs||3,688||3,688|2,756||2,756| |Bank charges||84||84|43||43| |Independent|examiner's||||||| |remuneration|||6,420|8,420||13,224|13,224| |Solicitors' fees-|||||||| |Administration|costs||7,376|7,376||5,511|5,511| |Trustees' expenses|||77|77||80|80| |||4,100|13,873|17,973|2,871|18,815|21,686| |Analysed
between|||||||| |Charitable
activities||4,100|13,873|17,973|2,871|18,815|21,686| ## ## ||||Endowment|Endowment| |---|---|---|---|---| ||||funds|funds| ||||general|general| ||||2023|2022| ||||E|E| |Revaluation|of|investments|(502,681)|174,656| |Gain/(loss)|on|sale ofinvestments|32,689|48,024| ||||(469,992)|222,680| ## ## ## ## |Tangible fix|ed asset|s|| |---|---|---|---| ||||computem| ||||8| |Cost|||| |At 1 April 2022|||1,312| |At 31 March|2023||1,312| |Depreciation|and impairment||| |At 1 April 2022|||72| |Depreciation|charged|in the year|328| |At 31 March|2023||400| |Carrying
amount|||| |At 31 March|2023||912| |At 31 March|2022||1,240| ## |Fixed as|set investments|||| |---|---|---|---|---| |||Listed|Cash in|Total| |||investments|portfolio|| |||8||| |Cost or valuation||||| |At 1 April|2022|6,700,163|51,217|6,751,380| |Additions||380,344||380,344| |Valuation|changes|(502,681)||(502,681)| |Disposals||(318,938)|(35,448)|(354,386)| |At 31 March 2023||6,258,888|15,769|6,274,657| |Canying|amount|||| |At 31 March 2023||6,258,888|15,769|6,274,657| |At 31 March 2022||6,700,163|51,217|6,751,380| ## ## ## ## |||||Ip 0
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EL|| ## ## |18|Analysis ofnet assets between
funds|Analysis ofnet assets between
funds|||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| ||Unrestricted
Endowment
funds
funds||||Total|Unrestricted
Endowment
funds
funds|||||Total| ||Fund balances at 31|2023
f|2023
8||2023
8||2022
8||2022
8||2022
8| ||March 2023are||||||||||| ||represented
by:||||||||||| ||Tangible assets
Investments
Current
assets/(liabilities)|912
126,721|6,274,657
139,170||912
6,274,657
265,891||1,240
13,962||6,751,380
162,006||1,240
6,751,380
175,968| |||127,633|6,413,827||6,541,460||15,202||6,913,386||6,928,588| |19|Related party transactions||||||||||| ||During the period, the following|transactions|with trustees||and related|parties occurred.|||||| ||Investment
management
fees off29,567 (2022:814,769), induding
fees
(2022:f4,693),were payable to Charles Stanley &Co Limited, a company||||||accrued at the period
which employs
Mr C|||end of57,485
Marment.|| |20|Cash generated
from operations||||||||2023||2022| ||||||||||8||8| ||(Deficit)/surpus
forthe year|||||||(387,128)|||5,257,750| ||Adjustments
for:||||||||||| ||Investment
income recognised
in statement
offinancial
investments
transferred
as part oflegacy received
Gain on disposal ofinvestments
Fair value gains and losses on investments
Depreciation
and impairment
oftangible fixed assets|||activities||||(248,404)
(32,689)
502,681
328||(55,066)
(4,633,655)
(48,024)
(174,656)
72|| ||Investment
income - non-cash|dividend|||||||20,043||1,197| ||Movements
in working
capital:||||||||||| ||(Increase) in debtors
Increase
in creditors||||||||(5,861)
7,213||(181,965)
1,992| ||Cash (absorbed
by)/generated|from operations||||||(143,817)|||167,645| |21|Analysis ofchanges
in net funds||||||||||| ##