## ## ## ## |TheGurneyFundisadministered|by:|| |---|---|---| |Chairman|TPackham|| |Treasurer|TArthur|AppointedTrusteeMay2022| |||AppointedTreasurerAugust2022| |ManagingTrustees|MBrunning|| |andDirectors|JCarter-Lang|| ||HDarby|AppointedAugust2022| ||RNolan|AppointedFebruary2023| ||JGilmer|| ||LHutson|ResignedNovember2022| ||WRumford|AppointedMay2022| ||ISimmons|| ||GSmith|AppointedMay2022| ||MTyler|| ||MWarnes|| |FundManager|SKeywood|| |Companynumber|08542702|| |Charitynumbers|1156903&1156903-2|| |RegisteredOffice|9BathRoad|| ||Worthing|| ||WestSussex|| ||BN113NU|| ||Tel:01903237256|| ||WebSite:www.gurneyfund.org|| |Bankers|LloydsBankPlc|| ||41-43SouthStreet|| ||Worthing|| ||WestSussex|| ||BN113AU|| |CharteredAccountants|KrestonReevesLLP|| |andStatutoryAuditor|9DonningtonPark|| ||85BirdhamRoad|| ||Chichester|| ||WestSussex|| ||PO207A)|| |InvestmentManagers|CharlesStanley&|CompanyLimited| ||WindsorHouse|| ||6-10MountEphraimHouse|| ||TunbridgeWells|| ||Kent|| ||TN11EE|| |Solicitor|H3SolicitorsLimited|| ||Suite1,Brightams|Farm| ||PartridgeGreen|| ||Horsham|| ||WestSussex|| ||RH138EQ|| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## # 7 August 2023 ## |||Unrestrictedfunds|Unrestrictedfunds|||| |---|---|---|---|---|---|---| ||Note|AL|||2023|2022| |||i|~~|||| |||General|Designated|Restricted|Total|Total| |||£|£||£|£| |Income||||||| |Donationsandlegacies|3|236,974|-|-|236,974|234,696| |Incomefrominvestments||174,891|-|10,655|185,546|176,152| |TotalIncome||

411,865|

-|

10,655|

422,520|

410,848| |Expenditure||||||| |Raisingfunds-investmentmanagercosts||38,621|-|1,944|40,565|46,583| |Charitableactivities|4|1,048,942|-|-|1,048,942|870,468| |Totalexpenditure||

1,087,563|

-|

1,944|

1,089,507|

917,051| |Netrealisedgains/(loss)oninvestments||283,583|-|(11,937)|271,646|239,085| |Netunrealisedgains/(loss)oninvestments||-|(800,585)|(34,826)|(835,411)|154,479| |Net(expenditure)||
(392,115)|
(800,585)|
(38,052)|
(1,230,752)|
(112,640)| |Transfersbetweenfunds||10,712|-|(10,712)|-|-| |Netmovementinfunds||
(381,403)|
(800,585)|
(48,764)|
(1,230,752)|
(112,640)| |Reconciliationoffunds:||||||| |Totalfundsbroughtforward||3,951,684|4,269,241|385,851|8,606,776|8719,416| |Totalfundscarriedforward||
3,570,281
|
3,468,656
|
337,087
|
7,376,024
|
8,606,776
| 3 August 2023 3 August 2023 ## ||Note||2023|2022| |---|---|---|---|---| ||||£|£| |Netcashoutflowfromoperatingactivities|1||(666,784)|(502,899)| |Netcashinflowfrominvestingactivities|2||787,495|443,287| |Net(decrease)/increaseincashbalancesheld|3||120,711|(59,612)| |Cashandcashequivalentsconsistsof:|||2023|2022| ||||£|£| |Cashatbankandinhand|||227,380|106,669| |Cashandcashequivalentsat31March|||227,380|106,669| |Note1-Reconciliationofchangesinresourcestonetinflowfromoperatingactivities|||2023|2022| ||||£|£| |Netincome/(expenditure)fortheyearbeforeotherrecognisedgainsandlosses|||(666,987)|(506,204)| |Decrease/(increase)indebtors|||2,491|755)| |(Decrease)/increaseincreditors|||(2,288)|2572| |Netcashoutflowfromoperatingactivities|||(666,784)|($02,899)| |Note2-Netinvestmentproceeds/(purchases)|||2023|2022| ||||£|£| |Paymentstoacquireshares|||(337,191)|(70,251)| |Receiptsfromsalesofshares|||1,124,686|513,538| |Net cashinflowfrominvestingactivities|||787,495|443,287| |Note3-Netdecreaseincashbalancesheld||||| ||Movement|in||| ||year||2023|2022| |||£|£|£| |Depositaccounts|121,931||186,455|64,524| |Stockbrokerincomeaccount|(650)||12,081|12,731| |Currentaccountandcash|(570)||28,844|29,414| ||
120,711
|

|
227,380
|
106,669
| ## ## ## ## ## ## ## ## ## ## ## ## ## |Expenditure||||| |---|---|---|---|---| |
Expenditureisstatedaftercharging:||2023|
£|2022
£| |Auditor'sremuneration:
Auditofthefinancialstatements
Accountancyandotherservices||9,700
4,320|
|8,750
2,390| |||

14,020|

|

11,140| |Donationsandlegacies||||| |||2023|
£|2022
£| |Forcessubscriptions
Forcesdonationsandcollectingboxes
Privatedonations
Legacies|15
16
17|212,758
2,012
7,885
14,319|


|223,105
744
5,847
5,000| |||

236,974|

|

234,696| |Expenditureoncharitableactivities||||| |||2023|
£|2022
£| |Allowancesand grantstochildren
Christmasand birthdaygifts
Administrationcostsdetailedbelow
Wagesandsalariesallocation
Trustees’expenses
Auditofthefinancialstatements
Accountancyandotherservices
Legalandprofessionalfees|5|804,321
66,118
60,483
85,151
13,788
9,700
4,320
5,061|






|688,297
41,500
36,175
85,215
6,692
8,750
2,390
1,449| |||

1,048,942|

|

870,468| |Administrationcosts:
Telephoneandpostage
Printing,stationeryandmarketing
Sundries
Rates andinsurance
Lighting,heatingandcleaning
Repairs,renewalsandgardenupkeep
Stafftravelandtraining||1,995
31,119
261
4,173
3,075
19,303
557|





|3,794
19,498
377
3,757
2,689
5,893
167| |||
60,483
|

|
36,175
| ## ## |5|Staffcosts||||| |---|---|---|---|---|---| |||2023||2022|| ||Groupandcharity||£||£| ||Grosssalaries|73,541||73,549|| ||Employersnationalinsurancecontributions|2,591||2997|| ||Pensionschemecontributions|9,019||8,669|| |||
85,151
|

|
85,215
|

| |6|Freeholdproperty|||| |---|---|---|---|---| |||2023||2022| ||Groupandcharity||£|£| ||Costat1April2022|400,000||400,000| ||Costat31March2023|

400,000|

|

400,000| ||Historicalcost(pretransferonincorporation)|6,451
|
|6,451
| ## |Group||Government|| |---|---|---|---| ||Total|Bonds_—_EquityHoldings|| ||£|£|£| |Valuationat1April2022|8,084,193|-|8,084,193| |Acquisitions|337,191|229,781|107,410| |Disposals|(853,040)|-|(853,040)| |Changesinunrealisedgains|(835,411)|(3,298)|(832,113)| |Valuationat31March2023|

6,732,933|

226,483|

6,506,450| |Charity||Government|| ||Total|Bonds—_EquityHoldings|| ||£|£|£| |Valuationat1April2022|7,705,559|-|7,705,559| |Acquisitions|267,989|200,249|67,740| |Disposals|(743,141)|-|(743,141)| |Changesinunrealisedgains|(800,585)|(2,646)|(797,939)| |Valuationat31March2023|
6,429,822
|
197,603
|
6,232,219
| ## ## ||Debtors||Group|Group|Group|Charity|Charity|Charity| |---|---|---|---|---|---|---|---|---| ||||2023|2022||2023||2022| ||||£||£||£|£| ||Deferredexpenses||1,713|2,737||1,713||2737| ||Contributionsfromforces||33,303|36,323||33,303||36,323| ||Accruedinvestmentincome||1,553||-|1,355||-| |||
|

36,569|

39,060|

|

36,371|

|

39,060| ||Creditors|||||||| |||||||2023||2022| ||Groupandcharity||||||£|£| ||PAYEandNI|||||1,447||2,164| ||Othercreditorsandaccruals|||||19,411||20,982| ||||||
|

20,858|

|

23,146| |10|Designatedfunds|||||||| |||||||2023||2022| ||Charity||||||£|£| ||Marketvalueofinvestmentsat31March2023|||||6,429,822||7,705,560| ||Historicalcostofinvestments|||||
(2,961,166)||
(3,436,319)| ||||||
|
3,468,656
|

|
4,269,241
| ||TheTrusteesbelieveitwouldnotbeprudentto|considerunrealisedgainson||investmentsas|being|expendableas|thegainsorlossesmay|| ||differmateriallyfrom thosewhicharesubsequentlyrealised.|||||||| ||Whenthemarketvalueofinvestmentsexceeds|theirhistoric|costtheaggregateunrealisedgainiscreditedtothedesignated|||||fund.Where| ||themarketvalueofinvestmentsislessthantheirhistoriccost||theaggregate|unrealisedloss|remainswithinthegeneralfund.|||| |11|Incomeandexpenditure-priorperiod|||||||| |||Unrestricted||Unrestricted||Restricted||2022| ||||General|Designated||funds||Total| ||||funds|funds||||funds| ||||£||£||£|£| ||Income|||||||| ||Donationsandlegacies||234,696||-||-|234,696| ||Incomefrominvestments||166,155||-|9,997||176,152| ||Totalincome|
|

400,851|
|

:|

9,997|

|

410,848| ||Expenditure|||||||| ||Expenditureonraisingfunds||44,436||-|2,148||46,584| ||Expenditureoncharitableactivities||870,468||-||-|870,468| ||Totalexpenditure|
|
914,904
|
|
=
|
2,148
|

|
917,052
| ## ## |12|Analysisofgroupnetassetsbytype|offund||||| |---|---|---|---|---|---|---| |||Fixed||Current||| |||Asset|Investments|Assets|Creditors|Total| |||£|£|£|£|£| ||Unrestrictedfunds|400,000|6,429,819|229,976|(20,858)|7,038,937| ||Restrictedfund-Gurney|-|303,114|33,973|s|337,087| ||
BenevolentFund|||||| ||

400,000||

6,732,933|

263,949|

(20,858)|

7,376,024| |13|Charityresults|||||| ||||||2023|2022| ||||||£|£| ||Income||||411,865|400,851| ||Expenditureonraisingfunds||||(38,621)|(44,436)| ||Expenditureoncharitableactivities||||(1,048,942)|(870,468)| ||Realisedgainsoninvestments||||283,583|239,085| ||Unrealisedgains/(losses)oninvestments||||(800,585)|158,533| ||TransferfromGurneyBenevolentFund||||10,712|10,267| ||Netincome/(expenditure)||||
(1,181,988)|
(106,168)| ## |||||2023|2022| |---|---|---|---|---|---| |||||£|£| |Theincome|and|expenses|were:||| ||||Incomefrominvestments|10,655|9997| ||||Expenditureonraisingfunds|(1,944)|(2,148)| ||||Netrealisedgains/(losses)oninvestments|(11,937)|-| ||||Netunrealisedgains/(losses)oninvestments|(34,826)|(4,054)| ||||Transfertogeneralunrestrictedfund|(10,712)|(10,267)| ||||Netexpenditureforyear|

(48,764)|

(6,472)| |Theassets|and|liabilities|were:||| ||||Fixedassetinvestments|303,114|378,634| ||||Currentassets|33,973|7,214| ||||Totalnetassets|

337,087|

385,848| ||||Representedby:||| ||||Restrictedfunds|337,087|385,848| ||||Totalfunds|
337,087|
385,848| ## ## ## ||||2023||2022|| |---|---|---|---|---|---|---| |||||£||£| ||Dorset|TheDorchester&WeymouthPoliceBallviaretiredInspector|-||609|| |||LesFry||||| ||Beds,Cambs&Herts|ArmedPoliceUnit|1,050|||-| ||Hampshire|HampshireConstabulary|662|||-| ||Leicestershire|LeicestershirePolice|300|||-| ||Warwickshire|
Collectionboxes|
:|
|
135|
| |||
|

2,012|

|

744|

| |16|
Privatedonations|||||| ||||2023||2022|| |||||£||f| ||Anonymous||360||270|| ||BroadfootAntiques||300|||-| ||DoubledayCharitableTrust||800||700|| ||EBrown||1,825|||-| ||Giftaid||561|||-| ||InmemoryofDGolding||150|||-| ||InmemoryofJDicker||25|||-| ||JustGiving||2,663||2,581|| ||MrJKidgell||-||23|| ||MrKGromett||60||60|| ||MrsLouiseDouglas-saleoftoothfairybags||-||40|| ||MrMDavies||-||100|| ||MrMHelyar||120||120|| ||MrSimonStabb||500||250|| ||MrsSusanCraggs||180||180|| ||MuchLoved||341|||-| ||Paypal||-||314|| ||VirginMoneyGiving||-||814|| ||Mr&MrsElder,MrBrianSimmonsandSouthDownsFuneralService||-||395|| |||
|
7,885
|

|
5,847
|

| ## ##