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2022-03-31-accounts

Reference and Administrative Details
Report ofthe Trustees 2-4
Audit
Report		 5-7
Statement ofFinancial Activities
Balance Sheet
Cash Flow Statement 10
Notes to the Accounts 11 - 16

Unrestricted Capital
Operating Endowment 2022 2021
Notes Funds Funds Total Total
Incotning Resources g g
Donations,
Grants and Legacies		 2 63,619 63,619 32,341
Investment
Income		 3 405,105 405,105 437,784
Total Income 468,724 468,724 470,125
Expenditnre
Charitable
Activities:
Grants Payable 4 443,183 443,183 392,334
Support Costs 5 70,121 70,121 93,214
Costs ofRaising Funds
Investment
Management		 Rebates (37,973) (37,973) (32,734)
Governance
Costs		 6 15,991 15,991 12,950
Total Expenditure 491,322 491,322 465,764
Net Income before Gains on
Investments (22,598) (22,598) 4,361
Net Gain on
hwestment
Assets		 8 307,587 11,050 318,637 2,563,488
Net Movement
in Fumls		 284,989 11,050 296,039 2,567,849
Reconciliation
ofFumls
Total Funds Brought Forward 14,319,615 555,348 14,874,963 12,307,114
Total Funds Carried Forward 14,604,604 566,398 15,171,002 14,874,963

Unrestricted Capital
Operating Endowment 2022 2021
Notes Funds Fuuds Total Total
g
Fixed Assets
Tangible Fixed Assets 7 3,028 3,028 4,805
Investments 8 14,520,400 566,398 15,086,798 14,755,173
Total Fixed Assets 14,523,428 566,398 15,089,826 14,759,978
Current
Assets
Debtors 1,438 1,438 3,064
Cash at Bank and in Hand 84,500 84,500 117,400
Total Current Assets 85,938 85,938 120,464
Creditors:
Amounts
Palling Due
Within One Year 9 (4,762) (4,762) (5,479)
Net Curreut Assets 81,176 81,176 114,985
Net Assets 14,604,604 566,398 15,171,002 14,874,963
Fumls 10
Um'estricted 14,604,604 14,604,604 14,319,615
Endowment 566,398 566,398 555,348
14,604,604 566,398 15,171,002 14,874,963

Total Total
Funds Funds
2022 2021
Note f f
Cash (use&1 in)
Operating
Activities		 12 (425,017) (432,386)
Cash Flows from Investing Activities:
Dividends
and Interest Received		 405,105 437,784
Purchase ofPlant k Equipment (4,091)
Sale ofTangible Fixed Assets 400
Sale ofInvestments 115,195
Purchase ofInvestments (128,183) (32,718)
Net Cash provided
by
Investing
Activities		 392,117 401,375
Net Change in Cash in the year (32,900) (31,011)
Cash brought
forward at I April		 117,400 148,411
Cash carried forward at 31 March 84,500 117,400

Donations, Grants au&1 Legacies au&1 Legacies 2022 2021
f
Donations
and Grants		 13,028 17,359
Legacies 50,591 10,000
Govermnent Furlough Scheme 4,982
63,619 32,341
Investment Income 2022 2021
Dividends
-		 UK Equities 84,667 85,368
Dividends
-		 Overseas Equities 194,450 228,961
Interest - UK Fixed Interest Securities 27,952 48,594
Other 98,035 74,861
405,105 437,784
Grants Payable 2022
f		 2021
f
Bereavement 33,618 16,404
Ill health 141,497 86,486
Loss ofIncome 45,051 20,406
Relationship Breakdown 31,874 21,515
Domestic Abuse 49,995 21,073
Loss ofHome 4,578 1,650
Change ofliving Circumstances 26,728 40,501
Debt Relief 770
Covid-19 4,700 96,185
TV Licence 1,431 1,575
Other 18,141 2,800
Quatterty
Pa)unents		 82,791 80,069
Seasonal Grants 2,779 2,900
443,183 392,334

Support Costs 2022 2021
g
Salaries and Related Costs (see below) 55,012 59,300
Rent and Rates 88 14,295
Light, Heat and Insurance 914
Printing,
Stationery		 and Telephone 1,614 8,160
Computer
Expenses		 7,775 7,737
Repairs and Renewals 37 506
Sundiy Expenses 1,178 1,902
Publicity 2,640
Depreciation 1,777 800
Profit on sale offixed assets (400)
70,121 93,214
StaffRemuneration 2022 2021
g g
Wages and Salaries 38,114 51,683
Compensation
for loss ofemployinent		 9,945
Social Security Costs
Pension Costs 6,953 7,617
55,012 59,300

Governance Costs 2022 2021
g
Audit Fee 3,840 3,600
Legal &Professional Fees 10,664 7,464
Trustees'insurance 1,487 1,886
15,991 12,950

Tangible Fixed Assets Tangible Fixed Assets Office
Equipment
Cost
At 1 April 2021 7,066
Additions
At 31 March 2022 7,066
Depreciation
At 1 April 2021 2,261
Charge for the Year 1,777
At 31March 2022 4,038
Net BookValue
At 31 March 2022 3,028
At 31 March 2021 4,805
Investments 2022 2021
Market Value at 1 April 2021 14,755,173 12,158,967
Purchases
During the Year at Cost		 118,381 40,915
Disposals/Proceeds During the Year (115,195)
Realised Gains on Disposals 25,060
Changes
in Vnrealised
Increase/(Decrease)
in		 Gains Investments
Cash Deposits		 293,577
9,802		 2,563,488
~8,197
Market Value at 31 March 2022 15,086,798 14,755,173
Represented
by:
Multi Asset Funds 15,076,994 14,755,171
Cash Deposits 9,804 2
15,086,798 14,755,173
Analysed
as:
Unrestricted
Operating		 Funds 14,520,400 14,199,825
Endosvment
Funds		 566,398 555,348

Investments
(Contiuued)		 Investments
(Contiuued)		 2022 2021
g
Comprising:
UK Equities 3,153,773 2,874,831
Overseas Equities 7,243,351 7,714,494
UK Fixed Interest Securities 1,044,323 1,640,844
Property 832,066 356,739
Alternative
Investments		 1,892,951 1,182,436
Liquid Assets 920,334 985,829
15,086,798 14,755,173
Cre&litors: Amounts Falling Due Within One Year 2022 2021
g
Accrued Expenses 4,762 5,234
Payro ll Taxes 245
4,762 5,479

Total Total
Fumls Fuuds
2022 2021
f
Net (deficit) / Income for the reporting period
(as per the statement offinancial activities) (22,598) 4,361
Adjustments
for:
Profit on sale offixed assets (400)
Depreciation 1,777 800
Dividends
and Interest		 (405,105) (437,784)
Decrease in Debtors 1,626 948
(Decrease) in Creditors (717) (311)
Net Cash used in operating activities (425,017) (432,386)