2023-03-31-accounts

			INDEX TO THE 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	Endoivment	2023	2022
			Notes	Funds	Funds	Total	Total
Income From:
Donations, Grants	and Legacies		2	65,414		65,414	63,619
Investment Income			3	402,380		402,380	405,105
Total Income				467,794		467,794	468,724
Expenditure On:
Charitable Activities:
Grants Payable				464,469		464,469	443,183
Support Costs				65,951		65,951	70,121
Costs ofRaising Funds:
Investment Management		Rebates		(34,523)		(34,523)	(37,973)
Consultancy Fee				2,000		2,000	15,991
Goveniance Costs				15,075		15,075	15,991
Total Expemliture				512,972		512,972	507,313
Net Expenditure	before	Gains on
Investments				(45,178)		(45,178)	(38,589)
Net (Deficit)/Gain	on
Investment Assets			8	(855,676)	(34,070)	(889,746)	318,637
Net Movement in	Funds			(900,854)	(34,070)	(934,924)	280,048
Reconciliation of	Funds
Total Funds Brought Fonvar&l				14,604,604	566,398	15,171,002	14,874,963
Total Funds Carried Fonvar&1				13,703,750	532,328	14,236,078	15,155,011

		Unrestricted	Capital
		Operating	Endowment	2023	2022
	Notes	Funds	Funds	Total	Total
		8			8
Fixed Assets
Tangiblo Fixed Assets	7	1,251		1,251	3,028
Investments	8	13,609,364	532,328	14,141,692	15,086,798
Total II'ixed Assets		13,610,615	532,328	14,142,943	15,089,826
Current Assets
Debtors		2,790		2,790	1,438
Cash atBank and in Baud		123,320		123,320	84,500
Total Current Assets		126,110		126,110	85,938
Creditors:
Amounts Palling Due
Within Ono Year	9	(32,975)		(32,975)	(4,762)
Net Current Assets		93,135		93,135	81,176
Net Assets		13703750	532328	142360711	15,171,002
Fimds	10
Unrestricted		13,703,750		13,703,750	14,604,604
Bndowment			532,328	532,328	566,398
		13,703,750	532,328	14,236,078	15,171,002

			Total	Total
			Fuuds	Funds
			2023	2022
		Note	g	g
Cash (used in)
Operating Activities		12	(418,920)	(425,017)
Cash Flows from Investing	Activities:
Dividends and Interest Received			402,380	405,105
Purchase ofPlant &Equipment
Sale ofTangible Fixed Assets
Sale ofInvestments			126,445	115,195
Purcltase ofInvestments			(71,085)	(128,183)
Net Cash provided by
Investing Activities			457,740	392,117
Net Change iu Cash in the year			38,820	(32,900)
Cash brought fonvard at I April			84,500	117,400
Cash carried forward at 31	March		123,320	84,500

2.	Donations, Grants and Legacies	2023	2022
	Donations and Grants	4,446	13,028
	Legacies	60,968	50,591
		65,414	63,619
3.	Investment Income	2023	2022
	Dividends -UK Equities	75,245	84,667
	Dividends -Overseas Equities	187,911	194,451
	Interest - UK Fixed Interest Securities	59,150	27,952
	Other	80,074	98,035
		402,380	405,105
4.	Grants Payable	2023	2022
	Bereavement	42,315	33,618
	Ill health	116,827	141,497
	Loss ofIncome	50,686	45,051
	Relationship Breakdown	45,651	31,874
	Domestic Abuse	59,367	49,995
	Loss ofHome	22,372	4,578
	Change ofliving Circumstances	32,955	26,728
	Debt Relief	270
	Covid-19		4,700
	TV Licence	1,272	1,431
	Other	19,891	18,141
	Quarterly Payments	70,673	82,791
	Seasonal Grants	2,190	2,779
		464,469	443,183

Support Costs		2023	2022
Salaries and Related	Costs (see below)	45,589	55,012
Grant Administration	Fees	4,266
Rent and Rates		503	88
Printing, Stationery	and Telephone	2,019	1,614
Computer Expenses		8,980	7,775
Repairs and Renewals		34	37
Stmdry Expenses		2,376	1,178
Publicity		407	2,640
Depreciation		1,777	1,777
		65,951	70,121
StaffRemuneration		2023	2022
		g	g
Wages and Salaries		38,674	38,114
Compensation for loss ofemployment			9,945
Social Security Costs
Pension Costs		6,915	6,953
		45,589	55,012

6.	Goveruance	Costs		2023	2022
					8
	Audit Fee			4,560	3,840
	Other Professional		Fees	9,029	10,664
	Trustees'Insurance			1,486	1,487
				15,075	15,991

7.	Tangible Fixed Assets	Tangible Fixed Assets			Office
					Equipment
	Cost
	At 1 April 2022				7,066
	Additions
	At 31 March 2023				7,066
	Depreciation
	At I April 2022				4,038
	Charge for the Year				1,777
	At 31March 2023				5,815
	Net BookValue
	At 31 March 2023				1,251
	At 31 March 2022				3,028
8.	Investments			2023	2022
				f	f
	Market Value at 1 April		2022	15,086,798	14,755,173
	Purchases During the Year at Cost			64,000	118,381
	Dispose ls/Proceeds	During the Year		(126,445)	(115,195)
	Realised Gains on Disposals			17,762	25,060
	Changes in Unrealised		Gains Investments	(907,508)	293,577
	Increase in Cash Deposits			7,085	9,802
	Market Value at 31	March 2023		14,141,692	15,086,798
	Historic Cost at 31 March 2023			11,287,894	11,325,492
	Represented by:
	Multi Asset Funds			14,124,804	15,076,994
	Cash Deposits			16,888	9,804
				25,429,586	26,412,290
	Analysed as:
	Unrestricted Operating		Funds	13,609,364	14,520,400
	Endoivment Funds			532,328	566,398

Investments (Continued)	Investments (Continued)	2023	2022
		g
Comprising:
UK Equities		2,640,659	3,153,773
Overseas Equities		6,608,395	7,243,351
UK Fixed Interest Securities		2,077,028	1,044,323
Prop etty		618,990	832,066
Altensative Investments		1,730,036	1,892,951
Liquid Assets		466,584	920,334
		14,141,692	15,086,798
Creditors: Amounts	Falling Due Within One Year	2023	2022
		g
Accrued Expenses		32,973	4,762

Reconciliation ofNet Income	Reconciliation ofNet Income
to Nct Cash Flow from Operating		Activities
			Total	Total
			Fun&is	Funds
			2023	2022
Net (deficit) for the reporting	period
(as per the statement offinancial activities)			(45,178)	(22,598)
Adjustments for:
Depreciation			1,777	1,777
Dividends and Interest			(402,380)	(405,105)
(Increase)/Decrease in Debtors			(1,352)	1,626
Increase/(Decrease) in Creditors			28,213	(717)
Net Cash used in operating	activities		(418,920)	(425,017)