2023-03-31-accounts

Trustees		A M Baker1
		Rev BBatstone2
		C EAdlam (appointed		3 March	2023, resigned		22 September 2023)
		E C Griffith
		TJ Hammett1
		Archdeacon J E	I Hawkins
		J Manyan
		P C Roberts MBE2
		I R M Woolf1,3
		" Members ofthe Investment			Committee
		~ Ex Officio Trustees ' Ex Officio Trustee to 31/08/2022,				appointed	as co-opted Trustee on 03/10/2022
Charity registered
number		1160318
Principal office		St Mary's C of E	Primary School
		Rectory Gardens
		London
		N8 7PJ
Independent	auditors	BKLAudit LLP
		Chartered Accountants
		Statutory Auditor
		35 Ballards Lane
		London
		N3 1XW
Bankers		National Westminster		Bank Plc
		The Broadway
		1 Crouch End Hill
		London
		N8 8DL
Investment	managers	Barclays
		1 Churchill Place
		Canary Wharf
		London
		E145HP

					Unrestricted	Total	Total
					funds	funds	funds
					2023	2023	2022
				Note	f.	f.
Income from:
Investments					248,533	248,533	263,394
Total income					248,533	248,533	263,394
Expenditure on:
Raising funds					116,978	116,978	135,471
Charitable activities					783,252	783,252	706,543
Total expenditure					900,230	900,230	842,014
Net movement	in	funds before other recognised
gains/(losses)					(651,697)	(651,697)	(578,620)
Other recognised		gains/(losses):
(Losses)/gains	on	revaluation	of fixed assets		(1,560,498)	(1,560,498)	1,852,578
Net movement	in	funds			(2,212,195)	(2,212,195)	1,273,958
Reconciliation	of	funds:
Total funds brought		forward			28,771,436	28,771,436	27,497,478
Net movement	in funds				(2,212,195)	(2,212,195)	1,273,958
Total funds carried forward					26,559,241	26,559,241	28,771,436

					2023		2022
			Note		f.
Fixed assets
Investments			10		24,556,590		26,258,907
Investment property			9		2,700,000		3,108,379
					27,256,590		29,367,286
Current assets
Debtors				21,019		18,699
Cash at bank	and	in hand		51,243		57,306
				72,262		76,005
Creditors: amounts		falling due within one
year			12	(769,611)		(671,855)
Net current liabilities					(697,349)		(595,850)
Total assets	less	current liabilities			26,559,241		28,771,436
Total net assets					26,559,241		28,771,436
Charity funds
Unrestricted	funds		13		26,559,241		28,771,436
Total funds					26,559,241		28,771,436

						2023	2022
Cash flows from operating			activities
Net cash		used in operating	activities			(804,794)	(806,290)
Cash flows from investing			activities
Dividends,		interests and rents from investments				248,533	263,394
Proceeds		from sale of investments				7,505,524	18,660,768
Purchase		of investments				(6,955,326)	(15,040,938)
Purchase		of investment property					(3,108,379)
Net cash		provided by investing activities				798,731	774,845
Change	in cash and cash		equivalents	in	the year	(6,063)	(31,445)
Cash and		cash equivalents	at the beginning		ofthe year	57,306	88,751
Cash and		cash equivalents	at the end	of	the year	51,243	57,306

		Unrestricted	Total
		funds	funds
		2023	2023
Rental	income	7,000	7,000
Quoted	investments	241,533	241,533
		248,533	248,533
		Unrestricted	Total
		funds	funds
		2022	2022
Rental	income	5,252	5,252
Quoted	investments	258,142	258,142
		263,394	263,394

Investment	management	fees
Investment	management	fees

Unrestricted	Total
funds	funds
2023	2023
116,978	116,978

Unrestricted	Total
funds	funds
2022	2022
135,471	135,471

Grants to	Total
Institutions	funds
2023	2023
754,500	754,500

					Grants to	Total
					Institutions	funds
					2022	2022
Grants to schools/beneficiaries					682,582	682,582
The Charity has made the following		material	grants to institutions	during	the year:
					2023	2022
Name of institution
Greig City Academy					250,000	210,000
Bishop Stopfords School						38,422
StAidians VC Primary School						15,000
St Michael-at-Bowes						15,000
St Marys C of E Primary	School				481,500	238,000
StArms CE Primary School						28,363
St Michaels CE Primary	School					29,842
St Pauls and All Hallows	Primary School					44,280
StJames CE Primary School						15,675
Holy Trinity CE Primary School						25,000
YMCA North London					5,000	5,000
North London Pastoral Assistants		Scheme			18,000	18,000
					754,500	682,582
					754,500	682,582

Promoting	education
Promoting	education

Unrestricted
funds	Total
2023	2023
783,252	783,252
Unrestricted
funds	Total
2022	2022
706,543	706,543

		Grant
		funding of	Support	Total
		activities	costs	funds
		2023	2023	2023
Promoting	education	754,500	28,752	783,252
		Grant
		funding of	Support	Total
		activities	costs	funds
		2022	2022	2022
Promoting	education	682,582	23,961	706,543

			Promoting	Total
			education	funds
			2023	2023
Insurance	costs		321	321
Administrator		charges	16,528	16,528
Bank charges			23	23
Accounting	8	audit costs	11,880	11,880
			28,752	28,752
			Promoting	Total
			education	funds
			2022	2022
Insurance	costs		324	324
Administrator		charges	11,716	11,716
Bank charges			26	26
Accounting	8	audit costs	10,800	10,800
Misc costs			1,095	1,095
			23,961	23,961

					2023	2022
Fees payable	to the Charity's	auditor	for the audit ofthe Charity's	annual
accounts					6,900	6,000
Fees payable	to the Charity's	auditor	in respect of:
All non-audit	services not included above				3,000	3,000

	Freehold
	investment
	property
Valuation
At 1 April 2022	3,108,379
Revaluations	(408,379)
At 31 March 2023	2,700,000

	Listed	Cash on
	investments	Portfolio	Total
Cost or valuation
At 1 April 2022	25,984,834	274,073	26,258,907
Additions	3,193,408	3,761,953	6,955,361
Disposals	(3,523,797)	(3,981,727)	(7,505,524)
Revaluations	(1,152,154)		(1,152,154)
At 31 March 2023	24,502,291	54,299	24,556,590
Net book value
At 31 March 2023	24,502,291	54,299	24,556,590
At 31 March 2022	25,984,834	274,073	26,258,907

			2023	2022
Due within	one year
Investment	income receivable		21,019	18,699
			21,019	18,699
Creditors:	Amounts	falling due within one year
			2023f	2022
Grant creditors			754,500	649,730
Accruals and deferred		income	15,111	22,125
			769,611	671,855

Stateme	nt o	ffunds - curren	t year
							Balance at
			Balance at 1			Gains/	31 March
			April 2022	Income	Expenditure	(Losses) f	2023
Unrestricted		funds
General	Funds - all funds		28,771,436	248,533	(900,230)	(1,560,498)	26,559,241

Stateme	nt o	ffunds - prior y	ear
							Balance at
			Balance at			Gains/	31 March
			1 April 2021	Income	Expenditure	(Losses)	2022
Unrestricted		funds
General	Funds - all funds		27,497,478	263,394	(842,014)	1,852,578	28,771,436

						Balance at
		Balance at 1			Gains/	31 March
		April 2022	Income	Expenditure	(Losses)	2023
		f.	f.	f.	f.	f.
General	funds	28,771,436	248,533	(900,230)	(1,560,498)	26,559,241

						Balance at
		Balance at			Gains/	31 March
		1April 2021	Income	Expenditure	(Losses)	2022
General	funds	27,497,478	263,394	(842,014)	1,852,578	28,771,436

Analysis of net assets between funds - current ye	ar
	Unrestricted	Total
	funds	funds
	2023	2023
Fixed asset investments	24,556,590	24,556,590
Investment property	2,700,000	2,700,000
Current assets	72,262	72,262
Creditors due within one year	(769,611)	(769,611)
Total	26,559,241	26,559,241

Analysis ofnet assets between funds - prior year
	Unrestricted	Total
	funds	funds
	2022	2022
Fixed asset investments	26,258,907	26,258,907
Investment property	3,108,379	3,108,379
Current assets	76,005	76,005
Creditors due within one year	(671,855)	(671,855)
Total	28,771,436	28,771,436

16.	Reconciliation of net movement	Reconciliation of net movement	in funds to	net cash flow from operating	activities
					2023	2022
	Net expenditure for	the year (as per Statement		of Financial Activities)	(651,697)	(578,620)
	Adjustments for:
	Dividends, interests	and rents from	investments		(248,533)	(263,394)
	Decrease/(increase)	in debtors			(2,320)	7,300
	Increase in creditors				97,756	28,424
	Net cash used in operating activities				(804,794)	(806,290)