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2023-04-05-accounts

								Page
Report	of	the Trustees					l	to	3
Report	of	the Independent			Auditors		4	to	7
Consolidated		Statement		of	Financial	Activities		8
Consolidated		Balance	Sheet					9
Company		Balance Sheet						10
Consolidated		Cash Flow		Statement				It
Notes to	the Consolidated			Cash Flow		Statement		12
Notes to	the Consolidated			Financial		Statements	13	to	20

							2023	2022
							Unrestricted	Total
							fiind	fiinds
						Notes
INCOME AND	ENDOWMENTS				FROM
Donationsandlegacies						3	2,768,259	333,288
Investmentincome						4	35,401	30,014
Total							2,803,660	363,302
EXPENDITURE		ON
Raising fiinds							3,516	657
Charitable activities
Donations made							1,712,283	218,200
Other						8	15,138	2,168
Total							1,730,937	221,025
Net gains/(losses)		on	investments				523,618)
NET INCOME/(EXPENDITURE)							1,596,341	117,084
RECONCILIATION			OF FUNDS
Total funds broug)it		forward					2,669,289	2,552,205
TOT AL FUNDS	CARRIED			FORWARD			4,265,630	2,669,289

						2023	2022
						Unrestricted	Total
						fiuid	funds
					Notes		E
FIXED	ASSETS
Tangible		assets			11	1,013,403
Investments					12	3,103,325	2,587,901
Investment		propeity			13	500	1,000
						4,117,228	2,588,901
CURRENT		ASSETS
Debtors					14	8,886
Cash at bank						194,881	142,478
						203,767	142,478
CREDITORS
Amounts		falling	due within	one year	15	(55,365)	(62,090)
NET CURRENT			ASSETS			148,402	80,388
TOT AL	ASSETS		LESS	CURRENT
LIABILITIES						4,265,630	2,669,289
NET ASSETS						4,265,630	2,669,289
FUNDS					16
Unrestricted		funds				4,265,630	2,669,289
TOT AL	FUNDS					4,265,630	2,669,289

				2023	2022
				Unrestricted	Total
				fund	fiinds
			Notes
FIXED ASSETS
Investments
Investments				3,103,327	2,587,901
Investment property				500	1,000
				3,103,827	2 ,588,901
CURRENT ASSETS
Cash at bank				67,037	142,478
CREDITORS
Amounts falling	due within	one year	15	(42,600)	(62,090)
NET CURRENT	ASSETS			24,437	80,388
TOT AL ASSETS	LESS	CURRENT
LIABILITIES				3,128,264	2,669,289
NETASSETS				3,128,264	2,669,289
FUNDS			16
Unrestrictedfunds				3,128,264	2,669,289
TOTALFUNDS				3,128,264	2,669,289

				2023	2022
			Notes
Cash flows from operating	activities
Cash generated froi'n operations			I	1,011,196	172,553
Net cash (used in)/provided	by operating		activities	1,011,196	172,553
Cash flows from investing	activities
Purchase of tangible fixed aSsets				(1,000,888)
Purchase of fixed asset investments				(29,607)	(306,833)
Sale of fixed asset investments				33,301	15,739
Sale of investment property				5,000
Interest received				437
Dividends received				32,964	30,014
Net cash provided by/(used	in) investing		activities		9i
Change in cash and cash equivalents		in
the reporting period				52,403	(88,527)
Cash and cash equivalents	at the
beginning of the reporting	period			142,478	231,005
Cash and cash equivalents	at the end	of
the reporting period				194,881	142,478

RECONCILIATION	OF	NET (EXPENmTUREVINCOME	NET (EXPENmTUREVINCOME	TO NET CASH	FLOW FROM
OPERATING	ACTIVITIES
					2023	2022
Net income/(expenditure)		for the reporting	period (as per the
StatementofFinancialActivitiesl					1.596.341	117,084
Adjustments for:
(Gains)/lossesoninvestments					(523,618	25,193
Interestreceived					(437)
Dividendsreceived					(32,964)	(30,014)
(Increase)/decreaseindebtors					(8,886)
(Decrease)/increaseincreditors					(19,240)	60,290
Net cash (used	in)/provided	by operations			1,011,196	172,553
ANALYSIS OF	CHANGES	IN NET FUNDS
				At 6.4.22	Casli flow	At 5.4.23
Net cash
Cash at bank				142,478	52,903	194,881
				142,478	52,903	194,881
Total				142,478	52,903	194,881

DONATIONS	AND LEGACIES
		2023	2022
Donations		2,768,259	333,288
INVESTMENT	INCOME

		2023	2022
Income from investment	property	2,000
Income from unlisted investments		29,592	29,593
Income from listed investments		3,372	421
Bank account interest		4 37
		35,401	30,014

RAISING	FUNDS	FUNDS
Investment	management		costs
						2023	2022
Portfolio	management					3,516	657
CHARIT	ABLE	ACTIVITIES		COSTS
							Grant
							funding of
							actrvities
							(see note
Donations	made						1.712.283
GRANTS	PAYABLE
						2023	2022
Donations	made					1,712,283	218,200
All grants	paid during the period			were to institutions.
Analysis	of grants	by purpose
							Grants
Social welfare							42,795
Medical research		& support					41,500
Helping young people witli			personal and educational		development		1,531,500
Sports							76,248
Religious	buildings						12,140
Performing	arts						7 000
Animal welfare							1 100
							I 712,283

Sedberg	School	Foundation	1,500,000
Other			130,199
			1,630,199

					Goveniaiice
				Fuiance	costs	Totals
					;E
Other	resources expended				15,081	15 138
Srippoit	costs, included		in the above, are as follows:
Finance
					2023	2022
					Other
					resources	Total
					expended	activities
Bank charges
Governance		costs
					2023	2022
					Other
					reSOurCeS	Total
					expended	activities
Ariditors'		remuneration			9.600
Auditors'		remuneratioii	for non audit work		4.220
Independent		examination	fees			900
Accountancy		and legal	fees		1,261	1,250
					15,081	2,150

				Unrestricted
				fund
INCOME	AND	ENDOWMENTS	FROM
Donations	and	legacies		333,288
Investment	income			30,014
Total				363,302

COMPARATIVES		FOR THE STATEMENT	FOR THE STATEMENT	OF FINANCIAL	ACTTVITIES	- continued
							Unrestricted
								fund
EXPENDITURE	ON
Raising funds								657
Charitable activities
Donations made								218,200
Otlier								2,168
Total								221,025
Net gains/(losses)	on	investments					J)
NET INCOME								117,084
RECONCILIATION		OF FUNDS
Total funds brought	forward						2,552,205
TOT AL FUNDS	CARRIED		FORWARD				2,669,289
TANGIBLE FIXED		ASSETS
							Assets	in the course
							of construction
GROUP
COST
Additions							1,013,403
As at 5 April 2023							1,013,403
DEPRECIATION
Cliarge for the year
As at 5 April 2023
NET BOOK VALUE
At 5 April 2023							1,013,403
At 5 April 2022

			Listed	Unlisted
GROUP			investments	inveshnents	Totals
				f	E
MARKET	VALUE
At 6 April	2022		265,901	2,322,000	2,587,901
Additions			29,607		29,607
Disposals			(36,947)		(36,947)
Revaluations		l)		568,000	522,764
At 5 April	2023		213,325	2,890,000	3,103,325
NET BOOK	VALUE
At 5 April 2023			213,325	2,890,000	3,103,325
At 5 April 2022			265,901	2,322,000	2,587,901

		Shares in
		group	Listed	Unlisted
CHARITY		undertakings	mvestments	tnvesh'nents	Totals
MARKF,T	VALUE
At 6 April	2022		265.901	2,322,000	2,587,901
Additions			29.607		29,609
Disposals			(36,947)		(36,947)
Revaluations				568,000	3,103,325
At 5 April 2023			213,325	2,890,000	3,103,327
NET BOOK	VALUE
At 5 April 2023			213,325	2,890,000	3,103,327
At 5 April 2022			265,901	2,322,000	2,587,901

GROUP	AND	CHARITY
FAIRVALUE
At 6 April	2022										1,000
Disposals											5)
At 5 April	2023										500
NET BOOK		VALUE
At 5 April	2023
At 5 April	2022
DEBTORS
										2023	2022
Other debtors										8,886
CREDITORS:		AMOUNTS	FALLING		DUE WITHIN		ONE	YEAR
GROUP
										2023	2022
Otlier creditors										55,365	62,090
CHARITY
										2023	2022
Other creditors										42,600	62,090
MOVEMENT		IN FUNDS
										Net
GROUP										movement
								At 6.4.22		in funds	5.4.23
Unrestricted		funds
General fund								2 669,289		1,596,341	4,265,630
TOT AL FUNDS								2,669,289		1,596,341	4,265,630
Net movement		in fiinds, included		in the	above	are as follows:
						Incoming		Resources		Gains and	Movement
						resorirces		expended		losses	in funds
Unrestricted		funds
General fund						2,803,660		(1,730,937)		523,618	1,596,341
TOT AL FUNDS						2,803,660			)	523,618	l 596,341

GROUP			Net
			movement
		At6.4.21	in fiinds	5.4.22
Unrestricted	funds
General fund		2,552,205	117,084	2,669,289
TOT AL FUNDS		2,552,205	117,084	2,669,289

			Incoming	Resources	Gains and	Movement
			reSOurCeS	expended	losses	in funds
				E
Unrestricted		funds
General fund			363,302	(221,025)	(25,193)	117,084
TOT	AL FUNDS		363,302	(221,025)	(25,193)	117,084

		2023
		Period from
		18 May 22
		to 31 Mar
Other	income	8
Other	charges	(701)
Loss		(693)