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2023-06-30-accounts


CONTENTS			Page
Reference and administrative		details
Trustees' report
Independent auditor's	report
Statement offinancial	activities
Balance sheet
Notes to the financial	statements

Trustees				Mrs A F Dawson	Mrs A F Dawson
				AJHutchinson
				TD Page
				Mrs D G Swaine
Principal	address			57 Palace Street
				London
				SW1E5HJ
Charity registration			number	1165444
Independent		Auditor		Haysmacintyre	LLP
				10Queen Street	Place
				London
				EC4R 1AG
Solieitom				Farrer &.Co LLP
				66 Lincoln's inn	Fields
				London
				WC2A 3LH
Principal	bankers			National Westminster		Bank pic
				PO Box 1357
				169Victoria Street
				London
				SWlE 5BT
Investment		manager		JM Finn Jk Co Ltd
				4 Coleman Street
				London
				EC2R5TA

					Unrestricted	Restricted	Endowment	Total	Total
					Funds	funds	funds	2023	2022
				Note
Income from:
Donations				2	257,491	13,803		271,294	247,367
/n vesttnent income					33,401	43,756		77,157	125,167
Total income					290,892	57,559		348,451	372,534
Expenditure on:
Raising funds
Investment manager fees					9,371	12,761		22,132	23,734
Chantable activities				3	59,071	75,615		134,686	116,320
Totalexpenditure					68,442	88,376		156,818	140,054
Net incoine/(expeaditure)			before
investment gains		and losses			222,450	(30,817)		191,633	232,480
Net invesnnent losses					(26,317)	(35,840)		(62,157)	(423,185)
Net ineoine/(expeaditure)			and
net movement in		funds			196,133	(66,657)		129,476	(190,705)
Balances brought	forward		at 1
July					1,075,632	1,768,679	15	2,844,326	3,035,031
Balances carried	forward		at 30
June					1,271,765	1)702)022	15	2,973,802	2,844,326

S AT 30JUNE 2023				Charity Registration	Numbers	(165444
			2023		2022
		Nate
FIXEDASSETS
Investments				2,739,525		2,855,441
CURRENT ASSETS
Debtors		6	263,553		6,473
Cash m bank			78,078	272,56I
			341,631	279,034
CREDITORS: atnounts	falling due within
one year		7	(107,354)	(290,149)
NET CURRENT ASSETS(LIABILITIES)				234,277		(11-1151
TOTAL NET ASSETS				2,973,802		2,844,326
REPRESENTED BYFUNDS AND
RESERVES
Permanent endowment	fund			15		15
Restrir.ted ftmds				1.702,022		1,768.679
Unrestricted funds
Designated funds				1471,765		1,075,632
				2,973,802		2,844,326

3.	EXPENDITURE	ON	CHARITABLE ACT	IVITIES
				Unrestricted	Restricted	Endowment
				Funds	Funds	Funds	Total
	Current year:
	Grants tc SVS for bursaries			45,521	59,187		104,708
	Audit Fees			1,355			1,355
	Other			12,195	16,428		28,623
	2023 Total funds			59,071	75,615		134,686
	Prior year:
	Grants tc SVS for bursaries			39,785	51,448		91,233
	Audit Fees			1,291			1,291
	Other			10,161	13,635		23,796
	2022 Total funds			51,237	65,083		116,320
4.	NET INCOME AND NET MOVEMENT IN FUNDS
	This is stated after charging:					2023	2022
							0
	Auditor's remuneration:
	Statutory audit	services				1,355	1,291
5.	INVESTMENTS
						2023	2022
							0
	Brought forward	at 1	July			2,855,441	3,041,703
	Additions					561,559	296,382
	Dispcsals					(451,491)	(219,643)
	Net investment	(losses)/gains				(62,157)	(423,185)
	Change in investment		cash held			(163,827)	160,184
						2,739,525	2,855,441

											2023	2022
											8
	Accrued		income								6,062	6,473
	Amount	due from UWGCF									257,491
											263,553	6,473
7.	CREDITORS (amounts				faging due witbin			one year)
											2023	2022
											8
	Amounts		due to	UWGCF							1,291	200,000
	Amounts		due to	SVS (grants		payable)					104,708	88,858
	Accruals										1,355	1,291
											107,354	290,149
8.	FUNDS
						As	at 1July				Investment	As at 30June
							2022		Income	Expenditure	losses	2023
	Designated		funds
	Burssries	appeal		fund			1,075,632		290,892	(68,442)	(26,317)	1,271,765
	Total designated			funds			1,075,632		290,892	(68,442)	(26,317)	1,271,765
	Restricted		funds
	OSA Capital Project						88,199		1,980	(1,321)	(1,622)	87,236
	Bursaries						1,680,480		55,579	(87,055)	(34,218)	1,614,786
	Total restricted			fuads			1,768,679		57,559	(88,376)	(35,840)	1,702,022
	Permanent		endowment		funds
	General							5				5
	Lefott							10				10
	Total permanent			endowment		funds		15				15
	Total funds						2,844,326		348,451	(156,818)	(62,157)	2,973,802

			Asst 1July			Investment	As at 30June
			2021	Income	Expenditure	losses	2022
							8
Designated funds
Bursaries appeal	fund		1,028,485	288,192	(61,317)	(179,728)	1,075,632
Total designated	funds		1,028,485	288,192	(61,317)	(179,728)	1,075,632
Restricted funds
OSA Capital Project			97,215	3,265	(1,238)	(11,043)	88,199
Bursaries			1,909,316	81,077	(77,499)	(232,414)	1,680,480
Total restricted	funds		2,006,531	84,342	(78,737)	(243,457)	1,768,679
Permanent endowment		funds
General			5				5
Lefort			10				10
Total permanent	endowment		15				15
funds
Total funds			3,035,031	372,534	(140,054)	(423,185)	2,844,326

				Current	Current
			Investments	Assets	Liabilities	Net assets
Current year:
Designated	funds		978,316	341,616	(48,167)	1,271,765
Restricted	funds		1,761,209		(59,187)	1,702,022
Permanent	endowment	funds		15		15
			2,739,525	341,631	(107,354)	2,973,802
				Current	Current
			Investments	Assets	Liabilities	Net assets
Prior year:
Designated	funds		797,905	279,019	(1,292)	1,075,632
Restricted	funds		2,057,536		(288,857)	1,768,679
Permanent	endowment	funds		15		15
			2,855,441	279,034	(290,149)	2,844,326

					Unrestricted	Restricted	Endowment	Total
					Funds	funds	fuads	2022
				Note
Income from:
Donations				2	235,014	12,353		247,367
Jnvestmen/ income					53,178	71,989		125,167
Total income					288,192	84,342		372,534
Expenditure on:
Raising funds
Investment manager fees					10,080	13,654		23,734
C/tari table activ/t/es					51,237	65,083		116,320
Total expenditure					61,317	78,737		140,054
Net income before investment		losses			226,875	5,605		232,480
Net investment losses					(179,728)	(243,457)		(423,185)
Net income/(expenditure)	and	net movement	in
funds					47,147	(237,852)		(190,705)
Balances brought forward	at 1 July				1,028,485	2,006,531	15	3,035,031
Balances carried forward	at 30June				1,075,632	1,768,679	15	2,844,326