## |||||||||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)|