2023-03-31-accounts

		Page
Charity Information
Trustees' Report		2-4
Independent Examiner's	Report
Statement ofFinancial	Activities
Balance Sheet
Statement ofCashflow
Notes to the Financial Statements		9-14

Trustees:		Judith Jackson		Chair
		Judith Smith		Secretary
		Hilary Corcoran
		Anne Kearle
		Lucy Nicholls-Brice
		Victoria Hanna
		Geraldine Wadham
Principal Address:		P0Box286
		Taunton
		Somerset
		TA2 6YD
Independent	Examiner:	Sarah Twist FCA DChA
		A CMole
		Stafford House
		Blackbrook Park Avenue
		Taunton
		Somerset
		TAl 2PX
Bankers:		National Westminster	Bank	pic
		26-27Fore Street
		Taunton
		TA1 JJQ

			Unrestricted	Unrestricted	Unrestricted	Total Funds	Total Funds
			Funds		Funds	Year Ended	Year Ended
		Note	General	D~esi	ated	31.03.23	31.03.22
INCOME
Donations			1,900			1,900	201
Investment income			33,394			33,394	34,022
Other income							663
TOTAL INCOME			35,294			35,294	34,886
EXPENDITURE ON:-
Charitable activities			39,374			39,374	34,451
TOTAL EXPENDITURE
			39,374			39,374	34,451
Gains on investment	assets			275,000		275,000
NET INCOME
F~R1ltE YH			(4,080'I	275,000		270,920	435
RECONCILIATION	OF FUNDS
Total funds brought	forwanl		212,133	325,000		537,133	536,698
Total funds carried forward		13	208,053	600,000		808,053	537,133

FIXED .rtSSKTS	FIXED .rtSSKTS
lneetnnent property
Ct:RRL&TAggE3 g
t)aborts snd Cssll rn liood	prcpsyrnents nnd nt trank		o Ill	lpo3 s&s 'sit
«ttEDK1't3Rgt	Atnonnts	Pslttatt Dse	ll	l9,140
%ttllls ttris Year
					3(iP.A53	332.333
WJeted	I'nndr.
Gestate					3tttt,tts t	dtg i33
Designated					ltdtltfr	32%,ttdo
						337.l33

								Total	Total
								Funds	Funds
								2023	2022
									8
							Note
Cash flows	from operating		acttvittest
Net cash generated by/(used			in) operating		activities		15	237,753	(37,945)
Adjustments	to cash flows		from	non-cash items
Revaluation	ofinvestments							(275,000)
Net cash (used in) from operating				activities				(37,247)	(37,945)
Cash tlows	from investing		activities:
Investment	income							33,394	34,022
Net cash (used in) investing			activities					(3,853)	(3,923)
(Decrease)	in cash and cash equivalents
in the period								(3,853)	(3,923)
Cash and cash equivalents		at the beginning			ofthe reporting period			229,083	233,006
Cash and cash equivalents			at the	end of	the reporting	period		225,230	229,083

2	Investment i	ncome - unrest	ricted
						Year Ended	Year	Ended
						31.03.23	31.03.22
	Rent received					32,438		34,000
	Bank interest					956		22
						33,394		34,022
3	Expenditure	on charitable	activities - unrestricted
						Year Ended	Year	Ended
						31.03.23	31.03,22
						6
	Grants awarded to institutions					30,800		28,596
	Support costs	(see note 4)				8,574		5,855
						39,374	34,451
	This comprises	grants made to institutions		as follows:
					2023		2022
					No. of	Total	No. of	Total
	Category				Grants	Value	Grants	Value
	Social welfare				3	30,800	5	28,596

4	Analysis ofgovernance	and support costs —unrestricted
			Year Ended	Year Ended
			31.03.23	31.03.22
	Rent and rates		732	726
	Insurance		3,004	1,737
	Professional fees		2,874	1,485
	Stationery, postage and	advertising	364	447
	Course fees and subscriptions		100	100
	Bank charges and loan interest		360	360
	independent Examiner's	fee	1,140	1,000
			S,574	5,855
5	Net income for the period
			Year Ended	Year Ended
			31.03.23	31.03.22
	Net income forthe period is stated after charging:
	Independent Examiner's	fee	1,140	1,000
			1,140	1,000

9	Debtors
				2023	2022
	Trade debtors			438
	Prepayruents	aud	accrued income	1,525	826
				1,963	826
10	Cash and Bank
				2023	2022
	Cash in hand			9	10
	Nat West Tauutou,		Current Account	10,000	10,000
	Nat West Taunton,		Reserve Account	215,221	219,073
				225,230	229,083
11	Creditors
				2023	2022
	Trade creditors				363
	Accrual for grants		payable	17,900	16,173
	Other accruals			1,240	1,240
				19,140	17,776

				Unrestricted	Unrestricted		Umestricted		Unresrrictcd
				General	Designated	2023	General		Designated	2022
				Fund	Fund	Total	Fund		Fund	Total
				f.
	Fixed assets				600,000	600,000			325,000	325,000
	Current assets			227,193		227,193	229,909			229,909
	Current liabilities			(19,140)		(19,140)	(17,776)			(17,776)
				208,053	600,000	808,053	212,133		325,000	537,133
13	Movement	iu	funds
					01.04.22	Income	E~xtnthgttn	~as~le gut)		31.03.23
	Unrestricted	Funds
	General				212,133	35,294	(39,374)			208,053
	Designated				325,000				275,000	600,000
					537,133	35,294	(39,374)		275,000	808,053
	O~td P		d

Movement	in funds (2022 com	parative)
		01.04.21	I	E~da	3LD3.2l
Unrestricted	Funds
General		211,698	34,886	(34,451)	212,133
Designated		325,000			325,000
		536,698	34,886	(34,451)	537,133

15	Reconcgiation of	net income/(expenditure)	to net cashtlow from operating	activities
					2023	2022
	Net income for the	reporting period			270,920	435
	Adjusnnents for:
	Investment income				(33,394)	(34,022)
	(increase)/Decrease	in debtors			(1,137)	386
	Increase/(Decrease)	in creditors			1,364	(4,744)
	Net cash generated	by/(used in) operating activities			237,753	(37,945)