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|||Pages|
|---|---|---|
|Report ofthe Trustees||1to 10|
|Independent<br>Auditor's|Report|11to 13|
|Statement ofFinancial|Activities|14|
|Balance Sheet||15|
|Statement ofCash Flows||16|
|Notes to the Financial|Statements|17to 34|





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|FORTHE YEARENDED 31|DECEMBER|2022|||||||
|---|---|---|---|---|---|---|---|---|
||||||Restricted||||
||||General|Designated|Income|Endowment|Total|Total|
||||Fund|Funds|Funds|Fund|2022|2021|
|||Note|||||||
|INCOME AND ENDOWMENTS FROM:|||||||||
|Donations<br>and legacies||2|1,960||||1,960|4,365|
|Charitable<br>activities||3|115,725||||115,725|118,000|
|Investments:|||||||||
|From investment<br>properties||4|98,172||||98,172|105,548|
|From investment<br>portfolio||4|480,739||||480,739|451,762|
|Other||5|108||||108|384,540|
|Total income and endowments|||696,704||||696,704|1,064,215|
|EXPENDITURE ON:|||||||||
|Raising Funds||6|(27,295)|||(57,167)|(84,462)|(98,982)|
|Charitable<br>activities:|||||||||
|Provision ofgrant funding||7|(633,995)||||(633,995)|(569,729)|
|Other charitable<br>activities||8|(198,628)|||(40,278)|(238,906)|(193,620)|
|Total expenditure|||859,918)|||97,445)|957,363|~862,331|
|Net income/(expenditure)|||||||||
|before gains/(losses)<br>on investments|||(163,214)|||(97,445)|(260,659)|201,884|
|GAINS/(LOSSES):|||||||||
|On Investment<br>properties:|||||||||
|Realised|||||||||
|Unrealised||15||||259,500|259,500|(12,500)|
|On Investments:|||||||||
|Realised||16||||(15,351)|(15,351)|215,463|
|Unrealised||16|(83,858)|||(1,505,988)|(1,589,846)|1,605,123|
|Net income/(expenditure)<br>before transfers|||(247,072)|||(1,359,284)|(1,606,356)|2,009,970|
|Net transfers<br>between funds||19|341,108|(341,108)|||||
|Net income/(expenditure)<br>for the period|||94,036|(341,108)||(1,359,284)|(1,606,356)|2,009,970|
|OTHER RECOGNISED GAINS/(LOSSES):|||||||||
|On revaluation ofTangible Fixed|Assets|13|||||||
|Net movements<br>in funds|||94,036|(341,108)||(1,359,284)|(1,606,356)|2,009,970|
|Total funds brought forward|||687,590|736,297|10,352|20,918,161|22,352,400|20,342,430|
|Total funds carried forward|||781,626|395,189|10,352|19,558,877|20,746,044|22,352,400|
|All activities relate to continuing|operations.||||||||





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|||Note|2022||As At31December 2021|
|---|---|---|---|---|---|
|Fixed Assets||||||
|Tangible fixed assets||13||||
|Freehold<br>land and buildings||||1,892,259|1,938,615|
|Fixtures and fittings||||1,223|3,055|
|Office equipment||||256|2,803|
|||||1,893,73S|1,944,473|
|Intangible<br>fixed assets||14||||
|Basic Payment<br>Scheme entitlements||||1,650|5,609|
|Investments||||||
|Investment<br>properties||15|2,767,000||2,507,500|
|Investment<br>portfolio||16|15,589,234||17,247,404|
|||||18,356,234|19,754,904|
|||||20,251,622|21,704,986'|
|Current<br>Assets||||||
|Debtors||17||37,707|4J1,008|
|Cash at bank and on deposit||||550,663|682,432|
|Cash in hand||||246|250|
|||||588,616|723,690|
|Creditors payable within|one year|18||(94,194)|(76,276)|
|Net Current<br>Assets||||494,422|647,414|
|Net Assets||||20,746,044|22,352,400|
|Funds||19||||
|Unrestricted<br>funds||||||
|General funds||||781,626|687,590|
|Designated<br>funds||||395,189|736,297|
|||||1,176,815|1,423,887|
|Restricted funds||||||
|Income funds||||10,352|10,352|
|Endowment<br>funds||||19,558,877|20,918,161|
|Total Funds||||20,746,044|22,352,400|





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||||Total|Total|
|---|---|---|---|---|
||||2022|2021|
|CASH FLOWS FROM OPERATING ACTIVITIES:|||||
|Net movements<br>in funds per Statement ofFinancial Activities|||(1,606,356)|2,009,970|
|Adjustments<br>for:|||||
|Depreciation &Amortisation<br>Charges|||54,694|51,619|
|(Gains)/Losses<br>on investment<br>properties:|||||
|Realised|||||
|Unrealised|||(259,500)|12,500|
|(Gains)/Losses<br>on investments;|||||
|Realised|||15,351|(215,463)|
|Unrealised|||1,589,846|(1,605,123)|
|Dividends,<br>rents and interest receivable &om:|||||
|Investment<br>properties|||(98,172)|(105,548)|
|Investments|||(480,739)|(451,762)|
|Overage payment<br>arising from collaboration||agreement||(384,540)|
|(Increase)/Decrease<br>in Debtors|||11,173|(4,057)|
|Increase/(Decrease)<br>in Creditors|||17,918|9,570|
|Net cash used in operating<br>activities|||~(755,785|682,834|
|CASH FLOWS FROM INVESTING ACTIVITIES:|||||
|Rents received &om investment<br>properties|||87,097|113,887|
|Dividends<br>and interest received &om investments|||483,976|449,734|
|Overage payment<br>received &om collaboration||agreement||384,540|
|Purchase ofIntangible<br>Fixed Assets||||(811)|
|Proceeds ofSale ofInvestments|||2,330,477|2,798,778|
|Purchase ofInvestments|||(1,955,248)|(2,811,165)|
|Net cash provided<br>by investing<br>activities|||946,302|934,963|
|NET CHANGE IN CASH IN THK REPORTING PERIOD|||190,517|252,129|
|Cash brought forward|||713,230|461,101|
|CASH CARRIED FORWARD|||903,747|713,230|
|Cash Carried Forward represents:|||||
|Cash held in investment<br>portfolio awaiting|investment||352,838|30,548|
|Cash at bank and in hand held on instant access and short term deposits|||550,663|682,432|
|Cash in Hand|||246|250|
||||903,747|713,230|





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|Freehold property<br>for operational|use|-over 50 years|
|---|---|---|
|Improvements<br>to cricket club buildings||-over the period ofthe lease to the cricket club|
|Almshouse<br>buildings||-over 50 years|
|Almshouse<br>fixtures||-over 7 years|
|Office equipment||- 25 /o per annum|



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|2|DONATIONS<br>AND|LEGACIES|LEGACIES||||2022|2021|
|---|---|---|---|---|---|---|---|---|
||General fund:||||||||
||Miscellaneous<br>donations &Gift Aid|||tax recovery|||1,960|100|
||Restricted income fund:||||||||
||Market Harborough|Special Needs Playscheme||||||4,265|
||||||||1,960|4,365|
|||||||||General Fund|
|3|INCOMING RESOURCES||FROM CHARITABLE ACTIVITIES||||2022|2021|
||Contributions<br>from almshouse||tenants||||73,629|74,491|
||Old Grammar<br>School rent||||||1,975|425|
||Allotment<br>rents||||||4,000|5,546|
||Market Harborough|Cricket Club rental income|||||6,490|6,490|
||Countryside<br>Stewardship<br>&other SSSIgrants||||||29,631|31,048|
||||||||115,725|118,000|
|||||||||General Fund|
|4|INVESTMENT INCOME||||||2022|2021|
||From investment<br>properties:||||||||
||Rental income from|commercial<br>High Street|||properties||90,000|90,000|
||Farm Land||||||6,172|6,448|
||Miscellaneous||||||2,000|9,100|
||||||||98,172|105,548|
||From investment<br>portfolio:||||||||
||Interest on UK fixed|interest securities<br>and Treasury stock|||||7,108|6,254|
||Dividends<br>receivable|from equity shares|||||96,555|85,137|
||Dividends<br>receivable|from collective||investment||funds|228,412|219,389|
||Dividends<br>receivable|from COIF Units|||||143,967|140,968|
||Interest on cash deposits||||||4,697|14|
||||||||480,739|451,762|
|5|OTHER INCOME||||||2022|2021|
||General fund:||||||||
||Wayleave s||||||26||
||Interest on tax repayments<br>&sundry|||income|||82||
||Endowment<br>fund:||||||||
||Overage payment<br>arising from collaboration||||agreement|||384,540|
||||||||108|384,540|





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|6|EXPENDITURE ON RAISING FUNDS|EXPENDITURE ON RAISING FUNDS|EXPENDITURE ON RAISING FUNDS||||||||2022|2021||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||GENERAL FUND|||||||||||||
||Commercial<br>property<br>management|||||||||||||
||Secretarial salaries &on-costs||||||||||1,796|1,946||
||Insurance||||||||||1,721|1,763||
||Repairs and maintenance||||||||||1,186||869|
||Legal &professional<br>fees||||||||||2,660|3,110||
||Support costs (Note 9)||||||||||7,328|7,555||
||Investment<br>management|||||||||||||
||Investment<br>manager's<br>fees||||||||||7,079|7,|183|
||Support costs (Note 9)||||||||||5,335|4,|634|
||Website &other promotional<br>costs||||||||||190|1,780||
||||||||||||27,295|28,|940|
||ENDOWMENT<br>FUND|||||||||||||
||Investment<br>management|||||||||||||
||Investment<br>manager's<br>fees||||||||||44,688|45,818||
||Investment<br>property<br>inanagement||fees||||||||3,136|2,|700|
||Support costs (Note 9)|||||||||||||
||Professional<br>fees|||||||||||15,356||
||Cricket Club - Depreciation<br>ofchanging|||rooms|||||||5,384|5,384||
||Amortisation<br>ofIntangible<br>Assets||||||||||3,959||884|
||||||||||||57,167|70,|142|
||TOTAL EXPENDITURE ON RAISING|||FUNDS|||||||84,462|98,982||
|7|EXPENDITURE ON PROVISION OF||GRANT FUNDING|||||||||2021||
||GENERAL FUND|||||||||||||
||Grants to institutions<br>or for specific purposes|||||||||||||
||Institution||||Purpose|ofgrant||||||||
||Market Harborough<br>Rugby Football Club||||Lighting|proj|ect||||44,538|||
||Dementia UK||||Funding|ofa|local|Admiral||Dementia Nurse|40,000|||
||Voluntary<br>Action South Leicesteshire||||Core Running||Costs for a five year period||||34,664|||
||Home-Start<br>South Leicestershire||||Family Know-How Project||||||20,000|||
||Harborough<br>Christian<br>Counselling|Service|||Ramped|access &disabled||||toilet facilities|18,000|||
||Harborough<br>Christian<br>Counselling|Service|||Operating|costs over a five||||year period|12,500|||
||Market Harborough<br>Cricket & Squash Club||||Level &|accessible paths between<br>courts &clubl|||||10,000|||
||South Leicestershire<br>Toy Library||||Contribution||to running||costs||8,551|||
||Harborough<br>Anglican Team||||Training|ofone Youth Worker|||||5,654|||
||Arts Fresco||||Running|costs ofstreet|||theatre event||5,000|||
||Others, each f3,000 and under||||||||||19,423|||
||||||||||||218,330|217,702||
||Part repayment<br>ofgrants made in previous||||periods:|||||||||
||Market Harborough<br>&District Scouts||||Costs of|attending||World Scout Jamboree||||(1,603)||
||||||||||||218,330|216,099||
||Education Bursary Fund Grants||||Awards to a||total|of 8 (2021:7)Academies|||233,038|107,461||
||Carried forward||||||||||451,368|323,560||





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||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|7|EXPENDI|TU||E|ON|PR|OVISION OF GRANT||FUNDING (continued)||2022|2021|
||Brought forward||||||||||451,368|323,560|
||Grants to|Church|||ofSt.Peter &,St.Paul, Great||||Bowden -Repairs &maintenance||10,695|23,775|
||Grants to|individuals|||||||||||
||Educational||fund||(108,2021:119)||||||74,889|123,016|
||Relief in|Need||f.1,000 and|||over (16,2021:13)||||22,271|18,031|
||Relief in|Need||less than||61,000 (76,2021:74)|||||12,151|17,361|
||Other grants||and||awards||||||||
||Commemorative|||Queen Elizabeth IIPlatinum<br>Jubilee|||||mugs for local school children||10,433||
||Transport|for|Ukrainian|||refugees|||||493||
||Total grants||paid||||||||582,300|505,743|
||Secretarial|salary|||&on-costs||||||18,489|19,606|
||Caseworker's|||costs|||||||88||
||Communications||||strategy, advertising<br>and website development|||||costs|381|3,559|
||Support costs|||(Note 9)|||||||32,737|40,821|
||Total||||||||||633,995|569,729|
|8|EXPENDITURE||||ON OTHER CHARITABLE ACTIVITIES|||||2022|2021||
||GENERAL FUND||||||||||||
||Almshouses:||||||Secretarial salary &on-costs|||9,115|10,789||
||||||||Insurance|||1,036|1,062||
||||||||Utilities (including|lifeline)||15,400|13,965||
||||||||Repairs and maintenance|||48,324|18,016||
||||||||Council Tax in void|period &|||||
||||||||other miscellaneous|costs||1,761|1,064||
||||||||Website &promotional||costs|191|1,780||
||||||||Legal &professional|fees||2,720|1,140||
||||||||Depreciation offixtures||&fittings|1,832|1,832||
||||||||Support costs (Note|9)||15,159|17,812||
|||||||||||95,538||67,460|
||Old Grammar|||School:|||Secretarial salary &on-costs|||2,885|3,211||
||||||||Insurance|||1,471|1,508||
||||||||Repairs, maintenance<br>&utilities|||11,697|5,786||
||||||||Legal &professional|fees||380|380||
||||||||Support costs (Note|9)||3,857|5,039||
|||||||||||20,290||15,924|
||Allotments:||||||Secretarial salary &on-costs|||7,319|8,843||
||||||||Repairs and maintenance|||7,299|3,693||
||||||||Website &promotional||costs|190|1,780||
||||||||Legal &professional|fees||760|760||
||||||||Water &miscellaneous||expenses|2,325|809||
||||||||Support costs (Note|9)||9,121|11,263||
|||||||||||27,014||27,148|
||Carried forward|||||||||142,842||110,532|





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|EXPENDIT|UR|E|ON|O|TH|ER CH|ARITAB|LE AC|TIVITIES (|con|tinued|)|)||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||2022||2021|||
|Brought forward|||||||||||||142,842||110,532||
|Site ofSpecial|||||||||||||||||
|Scientific Interest:|||||Secretarial||salary &|on-costs||||633||805|||
||||||Insurance|||||||33|||||
||||||Repairs and||maintenance|||||50,412||40,220|||
||||||Legal &professional|||fees||||3,809||830|||
||||||Other miscellaneous|||costs||||79|||||
||||||Support costs (Note|||9)||||820||955|||
||||||||||||||55,786||42,|810|
||||||||||||||198,628||153,342||
|ENDOWMENT|||FUND||||||||||||||
|Depreciation|of||Almshouses||||||||||40,278||40,|278|
||||||||||||||40,278||40,|278|
|TOTAL ALL FUNDS|||||||||||||238,906||193,620||
|ANALYSIS|AND ALLOCATION||||||OF SUPPORT||COSTS||||||||
|Support costs, as|||detailed||below, have been allocated||||to resources|expended||as follows:|||||
||||||||||||Su|ort Costs|||||
||||||||||Governance||Office||Accounts &||2021||
||||||||||Costs||Costs||Finance|Total|Total||
|RESOURCES||EXPENDED:|||||||||||||||
|General Fund:|||||||||||||||||
|Expenditure|on||raising||funds:||||||||||||
|Commercial|property|||management|||||989|||1,004|5,335|7,328|7,555||
|Investment|management||||||||||||5,335|5,335|4,|634|
|Expenditure|on||Charitable|||Activities:|||||||||||
|Grants payable|||||||||10,954|||11,114|10,669|32,737|40,|821|
|Almshouses|||||||||5,406|||5,485|4,268|15,159|17,812||
|Old Grammar||School|||||||1,650|||1,674|533|3,857|5,039||
|Allotments|||||||||4,263|||4,325|533|9,121|11,263||
|SSSI|||||||||407|||413||820||955|
||||||||||23,669|||24,015|26,673|74,357|88,|079|



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|14|INTANGIBLE FIXED|ASSETS||31-Dec-22|31-Dec-21|
|---|---|---|---|---|---|
||Cost|||||
||Brought forward|||6,932|6,121|
||Additions||||811|
||At 31December 2022|||6,932|6,932|
||Cumulative<br>Amortisation|||||
||Brought forward|||1,323|439|
||Charge for the year|||3,959|884|
||At 31December 2022|||5,282|1,323|
||Net BookValue|||||
||At 31 December 2022|||1,650|5,609|
||At 31December 2021|||5,609|5,682|
||Intangible<br>assets represent Basic Payment||Scheme entitlements.|||
|15|INVKSTMKNT PROPERTIES|||31-Dec-22|31-Dec-21|
||Valuation<br>at the beginning|ofthe year||2,507,500|2,520,000|
||Additions<br>at cost|||||
||Unrealised<br>gains/(losses)|on revaluation||259,500|(12,500)|
||Valuation<br>at the end ofthe year|||2,767,000|2,507,500|
||Historical cost at the end|ofthe year||562,312|562,312|





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|16|INVESTMENT PORTFOLIO|INVESTMENT PORTFOLIO|INVESTMENT PORTFOLIO|INVESTMENT PORTFOLIO|INVESTMENT PORTFOLIO||||||31-Dec-22|31-Dec-21|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||Market value|at the beginning ofthe year|||||||||17,216,856|15,383,883|
||Acquisitions|at cost|||||||||1,955,214|2,811,165|
||Sales proceeds Irom disposals||||||||||(2,330,477)|(2,798,778)|
||Realised gains/(losses)||on disposals||||||||(15,351)|215,463|
||Unrealised<br>gains/(losses)|||on revaluation|||||||(1,589,&46)|1,605,123|
||||||||||||15,236,396|17,216,856|
||Cash at bank|on deposit/awaiting|||investment||||||352,838|30,548|
||Market value|at the end|ofthe year||||||||15,589,234|17,247,404|
||Historical cost at the end|||ofthe year (excluding||||cash)|||12,845,647|12,902,545|
||The realised|gains/(losses)||on|disposals|are|shared between|||funds|||
||as follows:||||||||||||
||General fund|||||||||||50,137|
||Endowment|fund|||||||||(15,351)|165,326|
||||||||||||(15,351|215,463|
||The unrealised<br>gains/(losses)||||on disposals||are shared||between||||
||funds as follows:||||||||||||
||General<br>fund||||||||||(83,858)|95,550|
||Endowment|fund|||||||||(1,505,988)|1,509,573|
||||||||||||(1,589,846)|1,605, 123|





## 

|16|INVESTMENT|INVESTMENT|INVESTMENT|INVESTMENT|PORTFOLIO (continued)|PORTFOLIO (continued)|PORTFOLIO (continued)|||31-Dec-22||31-Dec-21|31-Dec-21|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||O/0|
||Managed|by|MHA Caves||||Wealth|||||||
||(no individual||holding|||exceeds 5 /0 ofthe total portfolio)||||||||
||UK Fixed|interest|||securities||and Treasury<br>stock|||163,672|1,05'/0|186,463|1.08Y0|
||UK Equity shares|||||||||572,841|3.67'/0|981,346|5 69o/0|
||UK investment|||trusts, unit trusts and OEIC's||||||2,630,712|16.S8'/0|2,517,640|14.60Yo|
||Overseas|equities||||||||132,840|0.85'/o|114,975|0 67Yo|
||Cash on deposit|||||||||14,641|0.09'/o|14,916|0.09YO|
||Managed|by|Cazenove|||Capital Management||||||||
||UK Bond|funds|||||Schroder Sterling Corporate Bond|||192,160|1,23'/0|255,200|1,48YO|
||||||||Schroder ISFStrategic Credit|C||305,111|1.96'/0|346,154|2.01Yo|
||||||||Treasury Stock Index-Linked|1.25'/0|2027|175,523|1.13'/o|||
||International||Bond funds||||MU Lyxor Core US TIPS|||||247,938|1.44Yo|
||||||||Federated Homes Unconst. Credit Fund|||101,722|0,65'/o|121,396|0.70Y0|
||||||||Charity Equity Income Fund|||502,873|3,23'/o|569,825|3.30Y0|
||||||||Trojan Income Fund (Class S)|||538,841|3.46'/0|630,791|3.66Yo|
||||||||Findlay Park American<br>Fund|Inc.||804,116|5.16/o|1,189,511|6.90Y0|
||||||||M&G Global Dividend<br>Inc.|||688,041|4.41'/0|676,874|3.92Yo|
||||||||Fidelity Global Dividend<br>Fund (Class W)|||662,217|4.25'/o|677,387|3 93o/0|
||||||||Schroder Asia Alpha Plus|||428,063|2,75'/o|481,713|2 79YO|
||||||||Blackrock European Dynamic|Fund||||224,595|1 300/0|
||||||||Atlas Global Inirastructure<br>Fund|||124,926|0,80'/0|120,036|0.70YO|
||||||||Wellington<br>Global Health Care|||113,473|0.73'/0|113,590|0 66YO|
||||||||Polar Global Insurance<br>Fund|||158,824|1.02'/0|129,534|0.75Yo|
||||||||Robecco BPGlobal Premium|Equities||291,845|1.S7'/o|270,940|1 570/o|
||||||||Spyglass US Growth Fund (UCITS)|||65,547|0.42'/0|153,830|0.89Yo|
||||||||RWC Global Emerging<br>Markets Fund S|||118,897|0.76'/o|141,887|0.8ZYo|
||||||||Schroder Global Equity Income Class L|||||242,675|1.41Yo|
||||||||Ninety One IIIGlobal Enviromnent||Fund|220,444|1.41'/0|253,204|1.47Yo|
||||||||William Blair U.S.Small Mid Cap Growth|||142,110|0.91'to|164,136|0 950/0|
||||||||T.Rowe Global Technology<br>Equity||Fund|||155,753|0.90Yo|
||||||||Neuberger<br>Berman US Large|Value|Fd I4|305,760|1.96'/0|||
||Alternative|Investments|||||The Charities Property<br>Fund|||561,005|3.60'/0|608,941|3 53o/o|
||||||||Brevan Howard Abs. Return Gov. Bond|||118,498|0.76'/o|111,575|0.6'5Y0|
||||||||iShares Physical Metals - ETCon Gold|||161,424|1.04'/0|||
||||||||L&GMulti-Strategy<br>E'hanced|Commod.||199,115|1.28/0|||
||Portfolio Funds||||||Troy Asset Mgt Trojan Fund|SInc.||271,779|1.74'/0|449,302|2.61Yo|
||Cash on deposit|||||||||338,197|2.17/0|15,632|0.09Yo|
||Managed|by|CCLA Investment<br>Management|||||||||||
||COIF Charities|||property||fund||||904,163|5.80'/0|1,026,370|5.95Yo|
||COIF UK|Fixed||interest||fund||||40,886|0.26'/o|46,738|0.27Yo|
||COIF Investment||||fund||Income Units|||2,972,288|19.07'/o|3,363,390|19.50Yo|
||COIF Investment||||fund||Accumulation<br>Units|||258,913|1.66/0|284,515|1.65Yo|
||COIF Global||equity fund|||||||307,767|1.97'/0|358,632|2.07YO|
|||||||||||15,589,234|100.00/0|17,247,404|100.00YO|





## 

## 

## 

|DEBTORS|31-Dec-22|31-Dec-21|
|---|---|---|
|Accrued income|21,940|23,552|
|Prepayments|6,750|5,839|
|Other Debtors|6,074|3,600|
|Income tax recoverable|2,943|8,017|
||37,707|41,008|



## 

## 

|CREDITORS PA.YABLE WITHIN ONK YEAR|||
|---|---|---|
||31-Dec-22|31-Dec-21|
|Accruals|69,612|40,263|
|Other creditors|24,059|35,964|
|Taxation &Social Security|523|49|
||94,194|76,276|





## 

## 

|||||||Realised and|Transfers|||
|---|---|---|---|---|---|---|---|---|---|
|||||||Unrealised|from|Transfers to|At 31|
||||At 1 Jamiary|||Gains or|Designated|Designated|December|
||||2022|Income|Expenditure|(Losses)|Funds|Funds|2022|
|Unrestricted|funds:|||||||||
|General funds||||||||||
|Revenue|||687,590|696,704|(859,918)|(83,858)|555,912|(214,804)|781,626|
|Designated|funds|||||||||
|For Grants:||||||||||
|Charitable<br>grants|||208,490||||(223,330)|145,904|131,064|
|Church of.St.||Peter &||||||||
|St.Paul, Great||Bowden|50,000||||||50,000|
|Relief in Need||grants|90,000||||||90,000|
|Educational|grants||51,114||||(75,889)|68,900|44,125|
|Educational|bursary||256,693||||(256,693)|||
|For Repairs;||||||||||
|Allotments<br>&||Commercial||||||||
|Properties:||||||||||
|Extraordinary||repair|30,000||||||30,000|
|Almshouse:||||||||||
|Extraordinary||repair|40,000||||||40,000|
|Old Grammar||School:||||||||
|Extraordinary||repair|10,000||||||10,000|
|Restricted fund:||||||||||
|Income fund|||10,352||||||10,352|
|Endowment|fund||20,918,161||(97,445)|(1,261,839)|||19,558,877|
||||22,352,400|696,704|(957,363)|1,345,697)|||20,746,044|



## 

## 



## 

## 

## 

|The movements|in funds in|the previous<br>fin|ancial year w|ere as follows:|||||
|---|---|---|---|---|---|---|---|---|
||||||Realised and|Transfers|||
||||||Unrealised|from|Transfers to|At 31|
|||At 1|||Gains or|Designated|Designated|December|
|||January 2021|Income|Expenditure|(Losses)|Funds|Funds|2021|
|Unrestricted|funds:||||||||
|General funds|||||||||
|Revenue||554,911|675,410|(751,911)|145,687|430,948|(367,455)|687,590|
|Designated<br>funds|||||||||
|For Grants:|||||||||
|Charitable<br>grants||345,817||||(224,718)|87,391|208,490|
|Church of.St.|Peter &||||||||
|St.Paul, Great|Bowden|50,000||||||50,000|
|Relief in Need|grants|90,000||||||90,000|
|Educational<br>grants||139,819||||(98,769)|10,064|51,114|
|Educational<br>bursary||94,154||||(107,461)|270,000|256,693|
|For Repairs:|||||||||
|Allotments<br>&|Commercial||||||||
|Properties:|||||||||
|Extraordinary|repair|30,000||||||30,000|
|Almshouse:|||||||||
|Extraordinary|repair|40,000||||||40,000|
|Old Grammar|School:||||||||
|Extraordinary|repair|10,000||||||10,000|
|Carried forward||1,354,701|675,410|(751,911)|145,687|||1,423,887|





## 

## 

## 

|||||Realised and|Trans fers|||
|---|---|---|---|---|---|---|---|
||At 1|||Unrealised|from|Transfers to|At 31|
||January|||Gains or|Designated|Designated|December|
||2021|Income|Expenditure|(Losses)|Funds|Funds|2021|
|Unrestricted<br>funds:||||||||
|Brought forward|1,354,701|675,410|(751,911)|145,687|||1,423,887|
|Restricted fund:||||||||
|Income fund|6,087|4,265|||||10,352|
|Endowment<br>fund|18,9S1,642|3S4,540|(110,420)|1,662,399|||20,918,161|
||20,342,430|1,064,215|862,331|1,808,086|||22,352,400|
|ANALYSIS OF NET|ASSETSBETWEEN FUNDS|||||||
|As at 31December 2022|||General|Designated|Restricted|Endowment||
||||Fund|Funds|Fund|Fund|Total|
|Tangible fixed assets|||130,091|||1,763,647|1,893,738|
|Intangible<br>fixed assets||||||1,650|1,650|
|Investment<br>properties||||||2,767,000|2,767,000|
|Investment<br>portfolio|||230,668|395,189||14,610,539|15,236,396|
|Cash held for investment||||||352,838|352,838|
|Sundry Debtors|||37,673|||34|37,707|
|Cash at Bank on Deposit|||456,036||10,352|84,275|550,663|
|Cash in hand|||246||||246|
|Current Liabilities|||(73,088)|||(21,106)|(94,194)|
|Total Net Assets|||781,626|395,189|10,352|19,558,877|20,746,044|
|As at 31December 2021|||General|Designated|Restricted|Endowment||
||||Fund|Funds|Fund|Fund|Total|
|||||||'E||
|Tangible fixed assets|||135,164|||1,809,309|1,944,473|
|Intangible<br>fixed assets||||||5,609|5,609|
|Investment<br>properties||||||2,507,500|2,507,500|
|Investment<br>portfolio||||709,714||16,507,142|17,216,856|
|Cash held for investment||||||30,548|30,548|
|Sundry Debtors|||41,008||||41,008|
|Cash at Bank on Deposit|||565,526|26,583|10,352|79,971|682,432|
|Cash in hand|||250||||250|
|Current Liabilities|||(54,358)|||(21,918)|(76,276)|
|Total Net Assets|||687,590|736,297|10,352|20,918,161|22,352,400|



## 



## 

## 

## 

||31-Dec-22|31-Dec-21|
|---|---|---|
|Payments<br>due in respect ofleases expiring:|||
|Within one Year|574||
|In two to five years||1,147|
|Total|574|1,147|



## 

##