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|Index|||Page||
|---|---|---|---|---|
|Trustees' report||1|-|3|
|Independent<br>Examiner's|report||||
|Statement offinancial|activities||||
|Balance sheet|||||
|Notes to the Accounts||7|-|10|





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||||||2023|2022|
|---|---|---|---|---|---|---|
||||||Unrestricted|Unrestricted|
||||||funds|funds|
|||||Note|||
|Income and endowments||from:|||||
|Investment<br>income|||||122,678|108,140|
|Total income|||||122,678|108,140|
|Expenditure<br>on:|||||||
|Raising funds (investment||management|fees)||(37,820)|(44,004)|
|Charitable<br>activities|||||(216,622)|(232,788)|
|Total expenditure|||||(254,442)|(276,792)|
|Net expenditure<br>before||gains/(losses)|||||
|on investments|||||(131,764)|(168,652)|
|Net gains/(losses)<br>on investments|||||98,254|(911,351)|
|Net movement<br>in funds|||||(33,510)|(1,080,003)|
|Reconciliation offunds:|||||||
|Total funds brought|forward||||4,869,363|5,949,366|
|Total funds carried|forward||||K4,835,853|K4,869,363|





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|2|Investment|income||2023|2022|
|---|---|---|---|---|---|
||Dividends|||96,060|89,378|
||Interest from|investments||26,275|18,669|
||Interest on cash deposits|||343|93|
|||||f122,678|f108,140|
|3|Expenditure|on charitable|activities|2023|2022|
||Grants awarded (see note 5)|||209,706|226,299|
||Governance|costs (see note 6)||6,916|6,489|
|||||5216,622|f232,788|





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||Grants awarded|during|the year:|2023|2022|
|---|---|---|---|---|---|
||General|||50,099|73,250|
||Prevention<br>Or|Relief|ofPoverty|62,090|57,000|
||Health &Disability|||69,768|53,050|
||Animal<br>Welfare|||8,749|26,999|
||Education|||19,000|16,000|
|||||f209,706|f.226,299|
|5|Governance<br>costs|||2023|2022|
||Management<br>and|administration||||
||Accountancy<br>fees|||5,448|5,136|
||Independent<br>examiner's||fees|1,212|1,110|
||Bank charges|||256|243|
|||||X6,916|K6,489|



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|7|Fixed asset investments||2023|2022|
|---|---|---|---|---|
||Opening<br>market value||4,786,677|5,767,648|
||Additions<br>at cost||605,896|625,256|
||Disposal proceeds||(801,088)|(694,876)|
||Realised gain (ref. note 1.11)||54,119|12,075|
||Unrealised<br>gain/(loss)|(ref. note 1.11)|44,135|(923,426)|
||Closing market value||K4,689,739|K4,786,677|
|8|Analysis ofcurrent assets||2023|2022|
||Cash and cash equivalents||||
||Close Brothers Asset|Management|||
||- Capital account||47,112|67,306|
||Metro Bank||||
||-Current account||119,363|30,585|
||Total current assets||f,166,475|f,97,891|





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|9|Analysis ofliabilities||2023|2022|
|---|---|---|---|---|
||Creditors<br>falling due within<br>one year||||
||Investment<br>management|fees|9,207|9,451|
||Accountancy<br>fees||4,860|4,632|
||Independent<br>examiner's|fees|1,194|1,122|
||Charitable<br>grant commitments||5,100||
||Total current liabilities||K20,361|615,205|



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