2023-03-31-accounts - Fairy Water Trust

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			Llnrestricted	Restricted	Expendable	Total funds	Total
			funds	funds	endowment	2023	2022
			6	6	funds	6	f
					6
		Note
Income and endowments		from
Donation income		2		49,905		49,905	15,6DQ
investment income			14,564			14,564	7,580
Rental income			205,00G			205,GQ0	60,223
Total income and endowments			219,564	49,905		269,469	83,403
Expenditure:
Raising funds			34,653		5,770	40,423	120,203
Ex pen diture on char it a bi e activities			58,643	39,496		98,139	78,820
Total expenditure			93,296	39,496	5,770	138,562	199,023
Gain/(loss) on investments					(36,665)	(36,665)	(14,128)
Net (expenditure)/	income		126,268	10,409	(42,435)	94,242	(129,748)
Transfer between funds
Net movement on funds			126,268		(42,435)	94,242	(129,748)
Total funds brought	forward		2,943	62,223	2,386,635	2,451,801	2,581,549
TOtal funds carried	forward		129,211	72,632	2,344,200	2,546,043	2,451,801

				2023	2022
			Note	6
Fixed assets
Intangible assets				2,175	2,943
In ve atm ents				456,929	486,425
Investment	property			2,265,849	2,265,849
				2,724,953	2,755,217
Current assets
I3ebtors					61,500
cash at bank				242,277	619,445
				242,277	680,945
Current gab	ilities
Creditors: amourits		falling due within one year	8	(74,521)	(114,361)
Net current	assets			167,756	566,584
Creditors: due in more than one year				(346,666)	(870,000)
Net assets				2,546,043	2,451,801
Charity fvnds
Expen da bie	en dew	ment fu nd		2,344,200	2,386,635
Restricted fund				72,632	62,223
Unrestricted	funds			129,211	2,943
Total fvnds				2,546,043	2,451,801

Expenditure
			2023	2022
			f	6
Expenditure on raising	fund»
investment management		fees	5,770	3,977
Property Costs			5,092	51,713
Loan interest			29,561	12,859
Legal and professional	fees			51,654
			40,423	120,203
Expenditure on Charitable		activities
Grants
Marine, wildlife and sailing			10,000
Children's Charities			15,000	7,500
Refugee Charities			5,000	2,500
Sports Chari ties			2,500
Medical fk Research Charities			8,750
Other Charities			5,000
Direct costs
Project costs			39,496	40,797
Support cosis
8ank oharges			3,191	7,319
Accountancy and taxation		services	8,182	6,326
Legal and professional	fees		252	13,611
Amortisation			767	767
			12,392	28,023
Total expenditure			138,562	199,023

Ail grants made during the year was to the Seaview Sailing Trust	were paid ta institutions. E10,000.	The	most significant	in the year
intangible assets
				Website
Cost
Brought forward Additions at cost				3,837
Carried forward				3,837
Am ortlsation
Brought forward				896
Charge forthe year				767
Car ried farwa rd				1,662
Net book value brought forward				2942
Net book value carried forward				2 175
Investments
	Investments		Other	Total
		rrl	investrnems
	subsidiaries
Valuation
Brought forward			486,422	486,426
Additions at cost			13,710	13,710
Erisposals at proceeds Gain/(lass) on investments Increase in cash held by investment	manager		(46,130) (36,666) 39,989	(46,130) (36,665) 39,689
		3	466,926	456,929

reakdown ofother investments at market value	:
	2023	2022
Listed investments	413,522	482,607
Cash	43,404	3,815
	456,926	486,422
Histonc cost of investments	461,052	464 849

		2023	ZD22
Accruals		4,700	4,700
Deferred Income		51,250	51,250
Bank loan			53,333
Other creditors
VAT creditor		18,568	5,075
		74,521	114,361
Creditors: amounts	due in more than one year
		2023	2022
Bank loan		346,666	870,000
		346,666	870,000
The bank loan is due for repayment:
In under one year	(see note 8)		53,333
ln 1-2years			53,333
In 2-5 years		346,666	816,667
In over 5years
		346,666	923,333

Current year		At 31 March	Income	Expen diture	Gain on investments	Transfer	At 31 March
		2022					2023
Expendable		2,386,635		(5,770)	(36,665)		2,344,200
endowment	fund
Restricted fund:
L)vine Uplands		62,223	49,905	(39,496)			72,632
Unrestricted		2,943	219,564	(93,296)			129,211
funds
		2,451,801	269,469	(138,)62)	(36,665)		2,546,043
Comparative	year	At 31 March 2021	Income	Expenditure	Gain On investments	Tranafer	At 31 March 2022
Expendable		2,492,895		(3,977)	(14,128)	(88,155)	2,386,635
endowment	fund
Restricted fund: Living Uplands Unrestricted		87,42.0 1,234	15,600 67,803	(40,797) (154,249)		88,155	62,223 2,943
funds
		2,581,549	83,403	(199,023)	{14,128)		2,45 1,801

11, Analysis ofnet assets by fund	11, Analysis ofnet assets by fund
Current year	Unrestricted	Restrir.ted	Expendable	Total
	funds	funds	endowment	2023
intangible assets	2,175			2,175
investments	3		2,7Z2,775	2,722,778
Net current assets	127,033	72,632	(31,909)	167,756
Creditors over one year			(346,666)	(346,666)
Net assets	129,211	72,632	2,344,200	2,546,043
Comparative year	Unrestricted	Restr!cted	Expendable	Total
	funds	funds	endowment	2022
Intangible assets	2,943			2,943
inve st ments	3		2,752,271	2,752,274
Net current assets	(3)	62,223	504,364	566,584
Creditors over one year			(870,000)	(870,000)
Net assets	2,943	62,223	2,386,635	2,451,801

13, Comparative	statement	statement	of finanr.isl activities
			Unrestricted	Restricted	Expendable	Total
			funds	funds	endowment	2022
			f	f	funds	f
Interne and endowments		from
Donation income				15,600		15,600
Investment income			7,580			7,580
Rental income			60,223			60,223
Total income and endowments			67,803	15,600		83,403
Expenditure:
Racing funds			116,226		3,977	120,203
Expenditure on charitable			38,023	40,797		78,820
Total expenditure			154 249	40 797	3977	199023
Gain/(loss) on investments					(14,128)	(14,128)
Net (expenditure)/	income		(86,446)	(26,197)	(18,1D5)	(129,748)
Iransfer between funds			88,155		(88,155)
Islet movement on	funds		1,709	(25,1973	(106,260)	(129,748)
Total funds brought	forward		1,234	87,420	2,492,895	2,581,549
rats& funds carried	forward		2,943	62,223	2,386,635	2,451,801