2022-12-31-accounts - Pegasus

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						Unrestricted	Funds
					Page	2022	2021
Income from:
Donations (note 2) Investments (note 3)					14 14	1,086,033 87,709	113,144 7,433
Total income						1,173,742	120,577
Expenditure on:
Charitable activities (note 4) Raising funds —Investment management				fees (note 5)	15 15	225,590 3,775	178,100 6,777
Total expenditure						229,365	184,877
Net (losses)/gains	on	investment	(note 6)		16	(526,701)	116,313
Net income						417,676	52,013
Net movement in	funds					417,676	52,013
Reconciliation of	funds:
Funds brought forward		at 1 January 2022				5,368,394	5,316,381
Total funds carried forward at			31 December 2022		10	f 5,786,070	8 5,368,394

				Unrestricted	Funds
			8	2022	8	2021 8
Fixed assets:
Investments (note 6)				5,542,213		5,224,205
Current assets:
Cash st bank (note	7}	16	411,98?		258,389
			411,987		258,389
Current liabilities:
Creditors: amounts (note 8)	falling due within one year	16	(88,130)		(54,200)
Net current assets				323,857		204,189
Total assets less current liabilities				5,866,070		5,428,394
Creditors: amounts year (note 9)	falling due in more than one			(80,000)		(60,000}
Total net assets				65,786,070		65,368,394
Ths funds ofthe charity
Unrestricted funds				5,786,070		5,368,394
Tote I charity funds				85,?86,070		85,368,394

		Page	2022	2021
Net Cash flows from operating activities
Net incoming resources before gains Less investment income and deposit interest Increase in creditors		9	944,377 (87,709) 53,930	(64,300) (7,433) 85,700
Net cash from operating activities			910,598	13,967
Cash flows from investing activities
Investment income			85,846	7,389
Deposit interest Payments to acquire investments Receipts from sales of investments			1,863 (5,771,539) 4,926,830	44 (5,107,892)
Net cash used forinvesting activities			(757,000)	(5,100,459)
Net increase i(decrease) in cash and cash equivalents		for the year	153,598	(5,086,492)
Reconciliation of net cash flow to movement	in net funds
Net cash resources at 1 January 2022			258,389	5,344,881
Cash and cash equivalents at 31 December	2022		F411,987	E258,389
Cash and cash equivalents consist of;
Cash held with Handelsbanken (note 7) Cash held with Sarasin & Partners (note 7) Cash held with Nucleus (note 7)		16 16 16	410,497 1,490	246,124 12,265
		10	F 411,987	E 258,389

				Page	Page	2022	2021	2021
4.	CHARITABLE ACTIVITIES					K		E
	The following grants were awarded to charitable		institutions	during	the year ended 31 December 2022:
	ActionAid (Reg charity no. 274467) DEC Ukraine Fund (Reg. charity no. 1062638) South East London Arts Network (Reg. charity no. 1157803)					150,000 25,000 20,000		10,000 20,000
	Clean Break Theatre Company (Reg. charity no. LangaLanga Trust (Reg. charity no. 1076360)		1017560)			20,000		60,000
	St Mungo's Community Housing Association	(Reg. charity no.
	1149085)							30,000
	The Big Issue Foundation (Reg. charity no. 1049077) Changing Faces (Reg. charity no. 1011222)							30,000 20,000
						215,000		170,000
	Support costs Accountancy fees (governance cost) Audit fees (governance cost) Independent examination fees (governance Legal fees (governance cost)	cost)				6,360 4,230		5,220 600 1,800 480
						10,590		8,100
	Total Charitable Activities				9	F 225,590	k	178,100
						2022	2021
5.	EXPENDITURE ON RAISING FUNDS					K		E
	Nucleus investment management fee					4,841		6,699
	LEI renewal fee							78
	Sarasin 8 Partners LLP management fee rebate					(1,066)
					9	F. 3,775	E	6,777

	NOTES T	O THE FINANCIAL STATEMENTS	O THE FINANCIAL STATEMENTS	O THE FINANCIAL STATEMENTS	O THE FINANCIAL STATEMENTS
	FOR THE	YEAR ENDED 31 DECEMBER 2022
					Page	2022	2021
6.	FIXEDASSET INVESTMENTS							F
	Investments at market value comprise:
	Quoted investments					5,542,213	5,224,205
	Total investment assets				10	F5,542,213	85,224,205
	Quoted investments
	Market value at 1 January 2022					5,224,205
	Net investment activity Net (losses)/gains on investment	activity				844,709 (526,701)	5,107,892 116,313
	Market value at 31December 2022					F5,542,213	f5,224,205
	Net (losses)/ gains on investment Net realised (losses)/gains on sales		assets			(297,375)		931
	Net unrealised (losses)/ gains on revaluation					(229,326)		115,382
	Total net (losses)/ gains on investment			assets		(F526,701)	F	116,313
						2022	2021
7.	CASH AT BANK					E		E
	Handelsbanken					410,497		246,124
	Sarasin 8 Partners income account					1,490
	Nucleus investment account							12,265
					10	411,987	F	258,389
						2022	2021
8.	CREDITORS - amounts falling	due	within one year			E		8
	Grant commitments due within one year (note 10)					80,000		50,000
	Audit fees					4,500
	Accountancy fees Independent examination fees					3,630		2,400 1,800
					10	F 88,130	F	54,200
						2022	2021
9.	CREDITORS - amounts falling	due	beyond one year			E		F.
	Grant commitments due in more	than	one	year (note 10)	10	F 80,000	L'	60,000