2023-03-31-accounts

e ofAC 19)was:	T's investment i	n the Alpha Comm	on Investment Fund a
		Total Return	Alpha CIF's I CAIF's
			bespoke benchmark
First quarter of2023		3.2%	2.9%
Calendar	year 2022	-10.7%	-8.9%
Calendar	year 2021	10.7%	13.7%
Calendar	year 2020	10.4%	6.8%
Calendar	year 2019	20.8%	18.5%
Calendar	year 2018	-4.0%	-4.9%
Calendar	year 2017	10.9%	11.3%
Calendar	year 2016	10.9%	16.6%
Calendar	year 2015	3 50/	2.8%
Calendar	year 2014	6.5%	8.6%

Ye	ar end fund values
The	fund values at year end were:
	Unrestricted:	4,513,367
	Restricted:	6,438
	Restricted Endowment:	430,782

		Note	Unrestricted	Designated	Education	Education	Total	Total
			General	Income	Restricted	Restricted	Funds	Funds
			Fund	Fund	Fund	Endowment	2023	2022
			2023	2023	2023	Fund
						2023
Income from:
Donations k.legacies		3	168,992				16$,992	59,486
Investments		2		127,486	11,696		139,1$2	162,442
	Total		168,992	127486	11696		30$,174	221,928
Expenditure on:
Raising funds		7	4,197	24,004		2,204	30,405	33,330
Charitable	activities	8	909,515		11,000		920,515	1,162,028
	Total		913,712	24 004	11000	2,204	950,920	1,195,358
	Net		(744,720)	103,482	696	(2,204)	(642,746)	(973,430)
(expenditure)/income
Net (losses)/	gains on	10		(301,577)		(26,538)	(328,115)	190,234
investments
Net (expenditure)/			(744,720)	(198,095)	696	(28,742)	(970,861)	(783,196)
	income
Transfers	between	9	727,486	(727,486)
	funds
Net movement	in funds		(17,234)	(925,581)	696	(28,742)	(970,861)	(783,196)
Reconciliation	offunds:
Total bmught	forward		121,899	5,334,283	5,742	459,524	5,921,4486,704,644
Total carried	forward		104,665	4,408,702	6438	430,7$2	4,950,587	5,921,448

March 202	3
			Note	2023	2022
				8
Fixed assets:
Tangible fixed assets			13		2,102
Investments			10	4 839484	5,793808
Totalfrxed assets				4 839484	5,795,910
Current assets:
Debtors				34,957	8,096
Cash at bank and in	hand			84667	130,995
Total current assets				119624	139091
Liabilities:
Creditors: Amounts	falling due within one year		12	8 521	13553
Net current assets				111,103	125,538
Total assets less current		liabilities		4 950 87	5921448
Total net assets				4 950587	5,921,448
The funds ofthe charity:
Restricted Endowment		funds	14	430,782	459,524
Restricted funds			14	6,438	5,742
Unrestricted funds			14	4,513,367	5,456,182
Total charity funds				4 950587	5,921,448

or the year ended 31	Marc	h 20	23
				2023	2022
				g
Cash flows from operating	activities:
Net (deficit) in year				(970,861)	(973,428)
Adjustment for depreciation					2,102
Net cash generated / (used)	in operating		activities	(970,861)	(971,326)
Purchase offixed assets
Net drawdown from investments				956,425	981,978
Increase in debtors				(26,860)	(769)
(Decrease) / increase in creditors				5032	5,901
Net (decrease) / increase in	cash			46,328	15 784
Change in cash and cash equivalents		in the	year	(46,328)	15,784
Cash and cash equivalents at	the beginning		ofthe
reporting period				130,995	115,211
Cash and cash equivalents	at year	end		84667	130,995

naly	sis ofcash and cash equivalents
		2023	2022
Cash	at bank and in hand	84667	130,995
Total	cash and cash equivalents	84,667	130995

	Note	Untcstnotcd	Designated	Education	Education	Total	Total
		General	Income	Restricted	Restricted	Funds	Funds
		Fund	Fund	Fund	Endowment	2022	2021
		2022	2022	2022	Fund
					2022
Income from:
Donations Bt legacies	3	59,486				59,486	223,948
Investments	2		150,764		11,678	162,442	213,255
Total		59486	150764		11678221928		437 203
Expenditure on:
Raising funds	7	1,352	29,615		2,363	33,330	19,651
Charitable activities	B	1,149,068		12,960		1,162,028	1,378,443
Total		1 150420	29615	12.960	2)3631r195r35$139$094
Net (expenditure)/income		1,090,934	121 149	12960	9315	973430	960891
Net gains on investments	10		175,767		14,467	190,234	1,244,980
Net (expenditure)/ income		I090934	296916	12960	23782	7$3196	284089
Transfers between funds	9	1,100,764	(1,100,764)	11,678	(11,678)
Net movement in funds		9,830	(803,848)	(1,282)	12,104	(783,196)	284,089
Reconciliation offunds:
Total brought forward		112,069	6,138,131	7,024	447,420	6,704,644	6,420,555
Total carried forward		121$99	5 34 83	5,742	459,524	5 921448	6704 644

Note 5:	staffing	and pensi	ons
				2023	2022
				g	g
Salaries				117,743	121,481
Employer's	tax &NI			8,439	9,372
Pensions				3 321	3426
			Total	129,503	134)279
Number of	full-time	staff
Number of	part-time	staff

							2023	2022
Auditor's	remuneration		—audit	services.			7,850	7,500
Note 7:	raising	funds
				UG Fund	ER Fund	DI Fund	EREFund	Total 2023	Total 2022
				2023	2023	2023	2023
London Marathon,
Justgiving,	Law Society
Gazette &Barclaycard.				4,197				4,197	1,353
Investment	manager'	s
net fees.						24004	2204	26208	31.977
		Total		4 197		24,004	2,204	30,405	33330
Note g:	charitable		activities
				UG Fund	ERFund	DI Fund	ERE Fund	Total 2023	Total 2022
				2023	2023	2023	2023
					r
Grants				713,474	11,000			724,474	950,149
Salaries				107,400				107,400	134,279
Support costs —other				70,735				70,735	55,742
Support costs-
governance				17.906				17,906	21 858
		Total		909515	11000			920515	I 162,028

		Cash fund	Quoted investments	Total
Market value: I April	2022	45,056	5,748,751	5,793,807
Realised and unrealised	gains/(losses)		(990,443)	(990,443)
Net cash movement		36 120		36,120
31March 2023		81 ]76	4 758 308	4839484

ote 12: creditors: amounts	falling due within one year
		2023	2022
Other creditors		1,021	3,068
Accruals and deferred income		7 500	10485
	Total	8,521	13,553

				2023
Cost brought	forward			2,102
Additions
Cost carried	forward			2,102
Accumulated	depreciation	brought	forward
Charge in year				2,102
Accumulated	depreciation	carried forward
I%et book value at 31March 2023
Net book value at 31 March 2022				2,102

nalysis ofnet a	ssets betwe	en funds
	Unrestricted	Designated	Education	Education	Total
	General	Income	Restricted	Restricted	Funds
	Fund	Fund	Fund	Endowment	2023
	2023	2023	2023	Fund
				2023
Tangible lixed assets
Investments		4,408,702		430,782	4,839,484
Current assets	113,186		6,438		119,624
Current Iiabi1ities	(8,521)				(8,521)
Total	104665	4 408 702	6438	430782	4 950587
	Unrestricted	Designated	Education	Education	Total
	General	Income	Restricted	Restricted	Funds
	Fund	Fund	Fund	Endowment	2022
	2022	2022	2022	Fund
				2022
				r.
Tangible fixed assets	2,102				2,102
Investments		5,334,283		459,524	5,793,807
Current assets	133,350		5,742		139,092
Current liabilities	(13,553)				(13,553)
Total	121,899	5,334,283	5,742	459&524	5,921,448