| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 to | 9 | |
| Report ofthe Independent | Auditors | 10 to | 12 |
| Statement of Financial Activities | 13 | ||
| Balance Sheet | 14 | ||
| Cash Flow Statement | 15 | ||
| Notes tothe Financial Statements | 16 to | 31 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Total | |||||
| fund | funds | |||||
| Notes | E | E | ||||
| INCOME AND ENDOWMENTS | FROM | |||||
| Investment income |
1,217,461 | 1,224,513 | ||||
| Otherincome | 24,250 | |||||
| Total | 1,241,711 | 1,224,513 | ||||
| EXPENDITURE ON | ||||||
| Raising funds | 194,537 | 169,272 | ||||
| Charitable activities |
||||||
| Grants payable | 925,925 | 791,438 | ||||
| Support costs | 70,341 | 69,364 | ||||
| Governance costs |
4,680 | 3,960 | ||||
| Total | 1,.195,483 | 1,034,034 | ||||
| Net gains on investments | 2,378,631 | 11,777,119 | ||||
| NET INCOME | 2,424,859 | 11,967,598 | ||||
| RECONCILIATION | OF | FUNDS | ||||
| Total funds brought | forward | 52,779,936 | 40,812,338 | |||
| TOTAL FUNDS CARRIED FORWARD | 5, 9.95 | 5 .»9.935 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Unrestricted | Total | |||
| fund | funds | |||
| Notes | 6 | f | ||
| FIXEDASSETS | ||||
| Investments | 12 | 54,387,514 | 51,451,186 | |
| CURRENT ASSETS | ||||
| Debtors | 13 | 88,783 | 81,030 | |
| Cash at bank | 780,201 | 1,364,128 | ||
| 868,984 | 1,445,158 | |||
| CREDITORS | ||||
| Amounts falling due within one year |
14 | (51,703) | (116,408) | |
| NET CURRENT ASSETS | 817,281 | 1,328,750 | ||
| TOTAL ASSETS LESSCURRENT LIABILITIES | 55,204,795 | 52,779,936 | ||
| NET ASSETS | 55,204,795 | 52,779,936 | ||
| FUNDS | 15 | |||
| Unrestricted | funds | 55,204,795 | 52,779,936 | |
| TOTAL FUNDS | 55,204,795 | 52,779,936 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Noths | F. | f | |||
| Cash flows from operating | activities | ||||
| Cash generated from operations |
17 | (1,243,691) | (1,121,811) | ||
| Net cash used in operating |
activities | (1,243,691) | (1,121,811) | ||
| Cash flows from investing | activities | ||||
| Purchase of fixed asset investments | (6,359,206) | (15,839,563) | |||
| Sale offixed asset investments | 5,968,986 | 15,637,272 | |||
| Interest received | 133 | 468 | |||
| Dividends received |
1,217,328 | 1,224,045 | |||
| Net cash provided by investing activities |
827,241 | 1,022,222 | |||
| Change in cash and cash equivalents |
in the | ||||
| reporting period |
(416,450) | (99,589) | |||
| Cash and cash equivalents | at the beginning | ||||
| ofthe reporting period |
1,419,144 | 1,518,733 | |||
| Cash and cash equivalents | at the end | of | |||
| the reporting period |
1,002,694 | 9. |
| 2022 | 2021 | |||
|---|---|---|---|---|
| E | E | |||
| Quoted investments | -dividends | 1,173,586 | 1,182,336 | |
| Quoted investments | —CPF | 43,742 | 41,709 | |
| Short term | cash deposit interest | 133 | 468 | |
| 1,217,461 | 1,224,513 | |||
| OTHER INCOME | ||||
| 2022 | 2021 | |||
| E | E | |||
| Exceptional | items | 24,250 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| E | E | ||||
| Investment | management | fees | 194,537 | 169,272 | |
| CHARITABLE | ACTIVITIES | COSTS | |||
| Grant | |||||
| funding of | |||||
| activities | Support | ||||
| (see note | costs (see | ||||
| 7) | note 8) | Totals | |||
| E | E | E | |||
| Grants payable | 925,925 | 925,925 | |||
| Support costs | 70,341 | 70,341 | |||
| Governance | costs | 4,680 | 4,680 | ||
| 925,925 | 75,021 | 1,000,946 | |||
| GRANTS PAYABLE | |||||
| 2022 | 2021 | ||||
| E | E | ||||
| Grants payable | 925,925 | 791,438 |
| Total grants payable to institutions | during the year were as follow | s. | |
|---|---|---|---|
| 2022 | 2021 | ||
| E | E | ||
| Arts and Culture | |||
| Albany Theatre Trust | 5,000 | ||
| Birmingham Opera Company |
3,000 | ||
| Coventry City of Culture Trust |
25,000 | ||
| Frozen Light | 3,000 | ||
| Liberty Jamboree, Lichfield |
4,000 | ||
| Lichfield Garrick Theatre | 4,000 | ||
| Royal Birmingham Society ofArtists |
10,000 | ||
| Sudden Productions | 3,000 | 3,000 | |
| Plus 7/0 grants of less than E3,000 | 12,250 | ||
| Co uni Pro ects and inte ration |
|||
| Ackers Adventure, Birmingham |
6,500 | ||
| Age Concern Birmingham |
5,000 | ||
| Azad Kashrnir Welfare Association, | Birmingham | 3,000 | |
| Bentley Beginnings | 3,000 | ||
| Balance carried forward | 78,750 | 11,000 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| E | E | ||||
| Balance brought forward | 78,750 | 11,000 | |||
| Betel UK | 5,000 | ||||
| Birmingham Disability Resource |
Centre | 5,000 | |||
| Birmingham Jewish Community |
Centre | 5,000 | |||
| Birmingham People's Centre |
3,000 | ||||
| Birmingham Settlement |
50,000 | ||||
| Branch Trust | 10,000 | ||||
| British Disabled Angling Association |
3,000 | ||||
| Bryony House, Selly Oak | 5,000 | ||||
| Climbing Out |
3,875 | ||||
| Coventry Vineyard |
3,500 | ||||
| Crawshawbooth Meeting House |
5,000 | ||||
| Dads Lane Community Association, |
Birmingham | .5,000 | |||
| Derby TocH Children's Camp |
4,000 | ||||
| Dodford Children's Farm, Bromsgrove |
5,000 | ||||
| EKTA Unity Voluntary Organisation |
3,000 | ||||
| Emmanuel New Life Community |
Church | 5,000 | |||
| Family Action | 3,000 | ||||
| Family Fund Trust | 5,000 | ||||
| Gospel Oak Community Forum, Birmingham |
3,000 | ||||
| Hazelwell Church, Kings Heath |
3,000 | ||||
| Heart of England Community Foundation |
50,000 | ||||
| Helping Hands Community, Leamington |
3,000 | ||||
| Immanuel Church, Highters Heath |
5,000 | ||||
| Inside-Out Derby (St Peter's in the City) |
3,000 | ||||
| Kidderminster Baptist Church |
3,000 | ||||
| KIDS | 5,000 | ||||
| Kings HeathBoys Charitable Trust |
5,000 | ||||
| Marine Society and Sea Cadets | 25,000 | ||||
| Newbigin Community Trust |
3,000 | ||||
| New Life Church, Warwick | 5,000 | ||||
| Oldbury New Testament Church |
of God | 5,000 | |||
| Open Door Community Foundation |
5,000 | ||||
| Parish ofStudley with Mappleborough | Green | 3,000 | |||
| Quakers in Britain |
3,000 | ||||
| Redeemer Church Birmingham |
3,000 | ||||
| Redeeming Our Communities |
5,000 | ||||
| Saathi House, Aston | 3,000 | ||||
| StAndrew's Church Hall, Bromsgrove |
3,000 | ||||
| StAndrew's Church, Shifnal |
3,000 | ||||
| St Chad's Church, Rubery |
3,000 | ||||
| St Chad's Church, Sutton Coldfield | 5,000 | ||||
| St Elizabeth's Presbytery, Coventry |
5,000 | ||||
| StGermain's Church, Edgbaston |
5,000 | 10,000 | |||
| StJohn's Church, Bromsgrove | 5,000 | ||||
| StJohn the Baptist Church, Eastnor | 5,000 | ||||
| St Laurence Church, Northfield |
5,000 | ||||
| Balance carried forward | 273,250 | 133,875 |
| 7. | GRANTS PAYABLE - continued | GRANTS PAYABLE - continued | ||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| E | E | |||||
| Balance brought forward |
273,250 | 133,875 | ||||
| St Mary's Youth Project, Cleobury | Mortimer | 3,000 | ||||
| St Michael and All Angels Church, Thurmaston | 5,000 | |||||
| St Paul's Bordesley Green | 3,000 | |||||
| Sport4Life | 5,000 | |||||
| Warwickshire (2nd) Sea Scouts |
4,000 | |||||
| Wall I-leath Evangelical Church |
5,000 | |||||
| West Mercia Women's Aid |
3,000 | |||||
| 8th Wolverhampton Scout |
Group | 3,000 | ||||
| YMCA Sutton Coldfield | 5,000 | |||||
| Plus 6/11 grants of less than E3,000 | 9,500 | 21,898 | ||||
| Conservation and Environment |
||||||
| Birmingham Cathedral |
10,000 | |||||
| Clean Rivers Trust | 5,000 | |||||
| Dyson Perrins Royal Worcs | Museum | 5,000 | ||||
| EnviroAbility, Ross-on-Wye |
3,000 | |||||
| Evesham Abbey Trust | 5,000 | |||||
| Holy Trinty Church, Bosbury | 5,000 | |||||
| Ironbridge Gorge Museum |
Trust | 50,000 | ||||
| Leeds/Settle MM: Airton Property |
Trust | 5,000 | ||||
| Lichfield Cathedral | 10,000 | |||||
| Lord Leycester Hospital | 10,000 | |||||
| Museum ofCarpet |
3,000 | |||||
| Norton Iuxta Twycross Church | 5,000 | |||||
| Progressive Farming Trust |
5,000 | |||||
| Quaker Tapestry Meeting House, Kendal |
20,000 | |||||
| St Bartholomew's Church, |
Lower Sapey | 4,000 | ||||
| St Margaret Collegiate Church |
10,000 | |||||
| Shrewsbury Abbey |
10,000 | 5,000 | ||||
| Society of Friends Oswestry | Building | Fund | 5,000 | |||
| Staffordshire Wildlife Trust |
5,000 | |||||
| Warwick Quaker Meeting | 3,000 | |||||
| Plus 1/0 grants of less than | E3,000 | 100 | ||||
| Com assionate Su ort |
||||||
| ARCOS | 5,000 | 5,000 | ||||
| Action for Pulmonary Fibrosis |
5,000 | |||||
| Alice (Relief ofPoverty) | 5,000 | |||||
| Autistica | 10,000 | |||||
| Bethel Health and Healing | 5,000 | |||||
| Big Issue | 5,000 | |||||
| Birmingham City Mission |
3,000 | 5,000 | ||||
| Birmingham Community Healthcare |
Trust | 5,000 | ||||
| Birmingham Samaritans |
5,000 | |||||
| British Red Cross | 4,500 | |||||
| Balance carried forward | 449,850 | 270,273 |
| 7. | GRANTS PAYABLE - continued | GRANTS PAYABLE - continued | GRANTS PAYABLE - continued | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||||
| E | 6 | |||||||||
| ' | Balance brought forward |
449,850 | 270,273 | |||||||
| Bone Cancer Research Trust | 5,000 | |||||||||
| Brecon Mountain Rescue |
5,000 | |||||||||
| Castel Froma, Leamington | Spa | 5,000 | ||||||||
| Cavell Nurses | 5,000 | |||||||||
| Chris Westwood Charity |
for Children | 3,000 | ||||||||
| Coventry Resource Centre |
for the | Blind | 3,000 | |||||||
| Cruse Bereavement Care |
5,000 | |||||||||
| Cyclists Fighting Cancer | 3,000 | |||||||||
| Cystic Fibrosis Trust | 5,000 | |||||||||
| ECPAT UK | 3,000 | |||||||||
| Edith Cavell Nurses Trust | 5,000 | |||||||||
| Family Action | 10,000 | |||||||||
| Family Society Adoption | Society | 5,000 | ||||||||
| Father Hudson's Society |
50,000 | 20,000 | ||||||||
| FoodCycle | 10,000 | |||||||||
| Gilga I Birmingham |
7,500 | |||||||||
| Haven, Wolverhampton | 5,000 | |||||||||
| Herefordshire Samaritans |
5,000 | |||||||||
| Home from Hospital Care |
5,000 | |||||||||
| Hope Support Services | 3,000 | |||||||||
| Hospice Charity Partnership | 5,000 | |||||||||
| House ofBread | 5,000 | |||||||||
| Katharine House Hospice |
4,000 | |||||||||
| LawWorks | 5,000 | |||||||||
| Look Good Feel Better | 3,000 | |||||||||
| Macintyre | 3,600 | |||||||||
| Mary Stevens Hospice, Stourbridge | 5,000 | 20,000 | ||||||||
| Myton Hospices | 5,000 | |||||||||
| National Association ofChild Contact Centres |
3,000 | |||||||||
| National Axial Spondylarthritis |
Society | 4,000 | ||||||||
| Omega | 3,000 | |||||||||
| Orthopaedic Institute Limited |
3,500 | |||||||||
| Primrose Hospice, Bromsgrove |
5,000 | |||||||||
| Revitalise Respite Holidays | 3,000 | |||||||||
| Re-Engage | 5,000 | |||||||||
| Roald Dahl's Marvellous | Children's | Charity | 5,000 | |||||||
| St Basils | 20,000 | |||||||||
| StJohns Ambulance | 5,000 | |||||||||
| Sandwell and West Birmingham |
Hospitals | NHS Trust | 5,000 | |||||||
| St,Martin's Centre for Health and |
Healing, | Birmingham | 5,000 | |||||||
| Shrewsbury Samaritans |
5,000 | |||||||||
| SIFA Fireside | 20,000 | |||||||||
| South Warwickshire NHS |
Foundations | Trust | 5,000 | |||||||
| Spinal Muscular Atrophy |
UK | 5,000 | ||||||||
| University Hospitals Birmingham |
Charity | 10,000 | 5,000 | |||||||
| University Hospitals of North Midlands |
5,000 | |||||||||
| Balance carried forward | 612,850 | 451,873 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| E | f | |||||||
| Balance brought forward |
612,850 | 451,873 | ||||||
| Walsall Society for the | Blind | 5,000 | ||||||
| Worcester Samaritans | 5,000 | |||||||
| Worcestershire Acute |
Hospitals | Charity | 5,000 | |||||
| YMCA Sutton Coldfield | 5,000 | |||||||
| Plus 12/7 grants of less than | E3,000 | 11;803 | 9,400 | |||||
| Education and Trai i |
||||||||
| Archbishop ofYork Trust |
(Midlands) | 3,000 | ||||||
| Birch Thompson Memorial |
Fund | 5,000 | ||||||
| Birmingham Disability |
Resource | Centre | 5,000 | |||||
| BME United Limited, Wolverhampton |
4,000 | |||||||
| Bryntail Cottage Charity | 10,000 | |||||||
| Chance to Shine | 3,000 | |||||||
| City Year UK | 5,000 | |||||||
| COGS Prepares 4 Life | 3,000 | |||||||
| Criminon UK |
3,000 | |||||||
| Dodford Children's Farm, |
Bromsgrove | 3,000 | ||||||
| First Give | 3,000 | |||||||
| Fort Royal Primary School | (Friends of) | 3,000 | ||||||
| Insight | 3,000 | |||||||
| It's a Penalty | 5,000 | |||||||
| ITSchools Africa | 5,000 | |||||||
| KIDS | 5,000 | |||||||
| Listening Books |
3,000 | |||||||
| Longlands | 5,000 | |||||||
| Martineau Gardens, Birmingham |
5,000 | |||||||
| National Literacy Trust |
3,000 | |||||||
| National Star College |
50,000 | |||||||
| New College Worcester | 50,000 | |||||||
| New Model Institute for | Technology | and Engineering | 12,000 | 53,165 | ||||
| Normandy Day UK |
2,000 | |||||||
| The Percival Guildhouse | 5,000 | |||||||
| Prisoners' Education Trust |
5,000 | |||||||
| Ruskin Mill Trust: Sunfield |
School | 50,000 | ||||||
| St Basils (I-lalam Youth | Village) | 50,000 | ||||||
| St Michael on Greenhill, | Lichfield | 4,000 | ||||||
| Sea Cadets Shirley and | District | 5,000 | ||||||
| SENSE Touchbase Centre, | Birmingham | 50,000 | ||||||
| Services for Education | 3,000 | |||||||
| Sophie Hayes Foundation | 5,000 | |||||||
| Steps Conductive Education |
Centre | 3,000 | ||||||
| Street League | 3,000 | |||||||
| Talent-Ed Education | 3,000 | |||||||
| Victoria College (sensory | garden) | 5,000 | ||||||
| Whitemoor Lakes |
5,000 | |||||||
| Wildgoose Rural Training |
3,000 | 5,000 | ||||||
| Balance carried forward | 879,653 | 681,438 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| E | E | ||||
| Balance brought forward |
879,653 | 681,438 | |||
| Worth Foundation | 3,000 | ||||
| YHA (England and Wales) |
5,000 | ||||
| Young Women's Trust | 3,000 | ||||
| Young People First, Warwickshire | 5,000 | ||||
| Plus 4/4 grants of less | than E3,000 | 8,272 | 7,000 | ||
| Research | |||||
| Action Medical Research | 10,000 | ||||
| Alzheimer's Research |
UK | 10,000 | |||
| Bone Cancer Research | Trust | 5,000 | |||
| British Heart Foundation | 10,000 | ||||
| DEBRA | 50,000 | ||||
| Diabetes UK |
10,000 | ||||
| Heart Research UK |
10,000 | ||||
| Organic Research Centre | 3,000 | ||||
| The Scar Free Foundation | 15,000 | ||||
| Plus 1/0 grant ofless than E3,000 | 2,000 | ||||
| Total of158/104 grants payable | 925,925 | 791,438 | |||
| SUPPORT COSTS | |||||
| Information | Governance | ||||
| Management | Finance | technology | costs | Totals | |
| E | E | E | E | f | |
| Support costs | 69,787 | 128 | 426 | 70,341 | |
| Governance costs |
4,680 | 4,680 | |||
| 69,787 | 128 | 426 | 4,680 | 75,021 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Support | Total | |||||
| costs | act vittles | |||||
| f | f | |||||
| Wages | 55,932 | 54,298 | ||||
| Social security | 2,498 | 2,279 | ||||
| Pensions | 5,615 | 5,435 | ||||
| Rent | 9,250 | 9,243 | ||||
| Insurance | 5,445 | 5,434 | ||||
| Telephone | 967 | 1,867 | ||||
| Postage and stationery | 1,251 | 1,238 | ||||
| Subscriptions | 173 | 595 | ||||
| I.egal and | professional | 1,334 | 1,412 | |||
| Sundries | 1,642 | 754 | ||||
| Administration | fee | (14,320) | (13,650) | |||
| 69,787 | 68,905 | |||||
| FINANCE | ||||||
| 2022 | 2021 | |||||
| Support | Total | |||||
| costs | activities | |||||
| f | f | |||||
| Bank charges | 128 | 129 | ||||
| INFORMATION | TECHNOLOGY | |||||
| 2022 | 2021 | |||||
| Support | Total | |||||
| costs | activities | |||||
| f | f | |||||
| ITcosts | 426 | 330 | ||||
| GOVERNANCE | COSTS | |||||
| 2022 | 2021 | |||||
| Governance | Tata I | |||||
| costs | activities | |||||
| f | f | |||||
| Auditors' | remuneration | 3,960 | 3,960 | |||
| Auditors' | remuneration | for non-audit | work | 720 | ||
| 4,680 | 3,960 |
| STAFF COSTS | |||||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| E | E | ||||||
| Wages and salaries | 55,932 | 54,298 | |||||
| Social security | costs | 2,498 | 2,279 | ||||
| Other pension | costs | 5,615 | 5,435 | ||||
| 64,045 | 62,012 | ||||||
| The average monthly | number | ofemployees | during the year was as follows: | ||||
| 2022 | 2021 | ||||||
| Management | 1 | 1 | |||||
| No employees | received emoluments | in excess ofE60,000. | |||||
| COMPARATIVES FOR |
THE STATEMENT OF | FINANCIAL ACTIVITIES | |||||
| Unrestricted | |||||||
| fund | |||||||
| E | |||||||
| INCOME AND | ENDOWMENTS | FROM | |||||
| Investment income |
1,224,513 | ||||||
| EXPENDITURE | ON | ||||||
| Raising funds | 169,272 | ||||||
| Charitable activities |
|||||||
| Grants payable | 791,438 | ||||||
| Support costs | 69,364 | ||||||
| Governance costs |
3,960 | ||||||
| Total | 1,034,034 | ||||||
| Net gains on investments | 11,777,119 | ||||||
| NET INCOME | 11,967,598 |
| 11. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | ||
|---|---|---|---|
| Unrestricted | |||
| fund | |||
| E | |||
| RECONCILIATION OF FUNDS |
|||
| Total funds brought forward | 40,812,338 | ||
| TOTAL FUNDS CARRIED FORWARD | 52,779,936 | ||
| 12. | FIXEDASSET INVESTMENTS | ||
| 2022 | 2021 | ||
| E | E | ||
| Market value at 6April 2021 | 51,396,170 | 39,416,760 | |
| Additions at cost |
6,359.206 | 15,839,563 | |
| Sale proceeds on disposal | (5,968,986) | (15,637,272) | |
| Gain/(loss) in the year: |
|||
| - realised and unrealised |
2,378,631 | 11,777,119 | |
| 54,165,021 | 51,396,170 | ||
| Cash on deposit as at 5 April 2022 | 222,493 | 55,016 | |
| Market value at 5April 2022 | 54,387,514 | 51,451,186 | |
| Historic cost at 5 April 2022 | 43,952,492 | 42,737,235 | |
| ANALYSIS OF INVESTMENTS | |||
| 2022 | 2021 | ||
| f | E | ||
| UK gilts | |||
| UK quoted equities | 25,185,310 | 24,222,985 | |
| Non-UK quoted equities and bonds |
26,339,269 | 24,400,801 | |
| UK quoted bonds |
2,640,442 | 2,772,384 | |
| Cash | 222,493 | 55,016 | |
| 54,387,514 | 51,451,186 |
| 13. | DEBTORS:AMOUNTS | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | FALLING DUE WITHIN ONE YEAR | FALLING DUE WITHIN ONE YEAR | FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||||
| E | E | ||||||||
| Other debtors | 88,783 | 81,030 | |||||||
| Other debtors consist | of | ex-dividends | declared | but not yet | received as at the | balance sheet date. | |||
| 14. | CREDITORS: | AMOUNTS | FALLING DUE WITHIN | ONE YEAR | |||||
| 2022 | 2021 | ||||||||
| 'E | E | ||||||||
| Other creditors | 51,703 | 116,408 | |||||||
| 15. | MOVEMENT | IN FUNDS | |||||||
| Net | |||||||||
| movement | At | ||||||||
| At 64L21 | in funds | 5.4.22 | |||||||
| E | E | E | |||||||
| Unrestricted | funds | ||||||||
| General fund | 52,779,936 | 2,424,859 | 55,204,795 | ||||||
| TOTAL FUNDS | 52,779,936 | 2,424,859 | 55,204,795 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| E | E | E | E | |||
| Unrestricted | funds | |||||
| General fund | 1,241,711 | (1,195,483) | 2,378,631 | 2,424,859 | ||
| TOTAL FUNDS | 1,241,711 | (1,195,483) | 2,378,631 | 2,424,859 | ||
| Comparatives | for movement | in funds | ||||
| Net | ||||||
| movement | At | |||||
| At 6.4.20 | in funds | 5,4.21 | ||||
| E | E | E | ||||
| Unrestricted | funds | |||||
| General fund | 40,812,338 | 11,967,598 | 52,779,936 | |||
| TOTAL FUNDS | 40,812,338 | 11,967,598 | 52,779,936 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| f | f | E | E | ||
| Unrestricted | funds | ||||
| General fund | 1,224,513 | (1,034,034) | 11,777,119 | 11,967,598 | |
| TOTAL FUNDS | 1,224,513 | (1,034,034) | 11,777,119 | 11,967,598 |
| Net | |||||
|---|---|---|---|---|---|
| movement | At | ||||
| At 6.4.20 | in funds | 5.4.22 | |||
| E | E | E | |||
| Unrestricted | funds | ||||
| General | fund | 40,812,338 | 14,392,457 | 55,204,795 | |
| TOTAL | FUNDS | 40,812,338 | 14,392,457 | 55,204,795 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| E | E | E | E | ||
| Unrestricted | funds | ||||
| General fund | 2,466,224 | (2,229,517) | 14,155,750 | 14,392,457 | |
| TOTALFUNDS | 2,466,224 | (2,229,517) | 14,155,750 | 14,392,457 |
| RECONCILIATION | RECONCILIATION | OF | NET INCOME TO NET CASH FLOW FROM OPERATING | NET INCOME TO NET CASH FLOW FROM OPERATING | ACTIVITIES | |
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| E | E | |||||
| Net income for the reporting | period (as per the Statement of Financial | |||||
| Activities) | 2,424,859 | 11,967,598 | ||||
| Adjustments for: |
||||||
| Gain on investments | (2,378,631) | (11,777,119) | ||||
| Interest received | (133) | (468) | ||||
| Dividends | received | (1,217,328) | (1,224,045) | |||
| Increase in debtors | (7,753) | (2,683) | ||||
| Decrease | in creditors | (64,705) | (85,094) | |||
| Net cash | used in operations | (1,243,691) | (1,121,811) | |||
| ANALYSIS | OF CHANGES IN NET FUNDS | |||||
| At 6.4.21 | Cash flow | At 5.4.22 | ||||
| E | f | f | ||||
| Net cash | ||||||
| Cash at bank | 1,364,128 | (583,927) | 780,201 | |||
| Cash with | investment | manager | 55,016 | 167,477 | 222,493 | |
| 1,419,144 | (583,927) | 1,002,694 | ||||
| Total | 1,419,144 | (583,927) | 1,002,694 |
| 2022 | 2021 | |
|---|---|---|
| E | E | |
| Within one year | 2,965 | 9,250 |
| Between two and five years | 2,965 | |
| In more than five years | ||
| 2,965 | 12,215 |