## ## ## ## |||Page| |---|---|---| |Reference and Administrative
Information||| |Directors' Report||2-6| |Directors' Responsibilities
Statement||| |Independent
Examiner's|Report|8-9| |Statement of Financial|Activities|10| |Statement of Financial|Position|11-12| |Cashf low Statement||| |Notes tothe Financial Statements||14-22| ## |||REFERENCE AND ADMINISTRATIVE|REFERENCE AND ADMINISTRATIVE|REFERENCE AND ADMINISTRATIVE|REFERENCE AND ADMINISTRATIVE|INFORMATION| |---|---|---|---|---|---|---| |Directors||Joseph O'Reilly, Chairperson|||(appointed|25 March 2022)| |||Patrick Pierce (resigned 25 March 2022)||||| |||Antonio Belsito||||| |||Peter Mullen||||| |||Philip Sainter||||| |||Christopher|Fuse|||| |Company|registered|||||| |number||10776281||||| |Charity registered||||||| |number||1184056||||| |Registered|office|St, Marie's||||| |||Oak Street||||| |||Rugby||||| |||CV22 5EL||||| |Company|secretary|L&P Trustee|Services Limited|||| |||23StStephen's||Green||| |||Dublin 2||||| |||Ireland||||| |Accountant||RBKBusiness Advisers||||| |||Termini||||| |||3Arkle Road||||| |||Sandyford||||| |||Dublin 18||||| |||Ireland||||| |Principal bankers||Royal Bank|ofScotland|||| |||South West|RCSC|||| |||740 Waterside||Drive||| |||Aztec West||||| |||Almondsbury||||| |||Newport||||| |||BS995BD||||| |Investment|advisers|Barclays||||| |||1 Churchill Place||||| |||Canary Wharf||||| |||London||||| |||E14SHP||||| |Date of incorporation||17May 2017||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||Unrestricted|Total|Total| |---|---|---|---|---|---|---|---| ||||||funds|funds|funds| ||||||2022|2022|2021| |||||Note|||| |Income from:|||||||| |Donations||||3|561,265|561,265|84,789| |Investments||||4|32,884|32,864|29,500| |Total income|||||594,149|594,149|114,289| |Expenditure
on:|||||||| |Raising funds|||||3,455|3,455|3,479| |Charitable
activities|||||502,442|502,442|19,549| |Total expenditure|||||505,897|505,897|23,028| |Net income before net (losses)/gains|||on||||| |investments|||||88,252|88,252|91,261| |Net (losses)/gains||on investments||7|(127,724)|(127,724)|106,776| |Net movement|in|funds|||(39,472)|(39,472)|'l98,037| |Reconciliation|of|funds:|||||| |Total funds brought||forward||11|1,429,945|1,429,945|'l,231,908| |Net movement|in funds (see above)||||(39,472)|(39,472)|198,037| |Total funds carried forward||||11|1,390,473|1,390,473|6429,945| ## ## ## ||STATEMENT OF CASH FLOWS|STATEMENT OF CASH FLOWS|||| |---|---|---|---|---|---| ||FOR THE YEAR ENDED 31 DECEMBER||2022||| ||||Note|2022|2021f| |Cash flows from operating|activities||||| |Net cash provided
by operating
activities|||13|63,161|43,700| |Cash flows from investing|activities||||| |Dividends
and interest from|investments||4|32,884|29,500| |Net cash provided
by investing
activities||||32,884|29,500| |Cash flows from financing|activities||||| |Net cash provided
by financing
activities|||||| |Change
in cash and cash|equivalents
in|the year||96,045|73,200| |Cash and cash equivalents|at the beginning|ofthe year|14|188,144|114,944| |Cash and cash equivalents|at the end of|the year|14|284,189|188,144| |The notes on pages 14to 22 form part ofthese financial statements|||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |5.|Expenditure||on raising funds|on raising funds|on raising funds|on raising funds||| |---|---|---|---|---|---|---|---|---| ||||||||2022|2021| ||Investment|Management|||Fees||3,455|3,479| ||||||||3,455|3,479| |6.|Expenditure||on charitable|||activities||| ||||||||2022
8|202'/
f| ||Donations||||||486,941|4,421| ||Support costs||||||12,617|13,128| ||Governance|Costs|||||2,884|2000| ||||||||502,442|19,549| |7.|Fixed Asset Investments|||||||| ||||||||2022
K|2021f| ||Market Value|||||||| ||Market Value||at 1 January||||1,222,261|1,118,964| ||Net movements
during|||the||year|(3,454)|(3,479)| ||Realised &|unrealised||(losses)/gains|||(127,724)|106,776| ||Market value||at 31December||||1,091,083|1,222 261| |8.|Debtors|||||||| ||||||||2022f|2021f| ||Due within|one year||||||| ||Other debtors||||||18,085|22,000| ||||||||18,085|22,000| ## ## ## ## |||||||Balance at| |---|---|---|---|---|---|---| |||Balance at 1||||31| |||January|||Gains/|December| |||2022|Income|Expenditure|(Losses)|2022| |||E|E|E|E|E| |Unrestricted|funds|||||| |General Funds||1,429,945|594,149|(505,897)|(127,724)|1,390,473| |||||||Balance at| |---|---|---|---|---|---|---| |||Balance at||||31| |||1Januartr|||Gains/|December| |||2021f|Income
f|Expendt turn
f|(Losses)f|2021f| |Unrestricted|funds|||||| |General funds||1,231,908|114,289|(23,028)|105,775|1,429,945| |Analysis ofnet assets between funds - current ye|ar|| |---|---|---| ||Unrestricted|Total| ||funds|funds| ||2022|2022| ||E|f.| |Fixed asset investments|1,091,083|1,091,083| |Current assets|302,274|302,274| |Creditors due within one year|(2,884)|(2,884)| |Total|1,390,473|1,390,473| ## ## ## ## |Analysis of net assets between funds - prior year||| |---|---|---| ||Unrestricted|Total| ||funds|funds| ||2021|2021| ||6|| |Fixed asset investments|1,222 261|1,222,261| |Current assets|210,144|210,144| |Creditors due within one year|(2460)|(2,460)| |Total|1,429,945|1,429,945| ## ||||||||||||2022|2021| |---|---|---|---|---|---|---|---|---|---|---|---|---| ||Net
(expenditure)/income|||for the||year|(as|per|Statement|of Financial||| ||Activities)||||||||||(39,472)|198,037| ||Adjustments
for:|||||||||||| ||Investment
income||||||||||(32,884)|(29,500)| ||Management
Fees||||||||||3,454|3,479| ||Decrease/(increase)||in debtors||||||||3,915|(22,000)| ||Increase/(decrease)||in creditors||||||||424|460| ||Losses/(gains)
on|investments|||||||||127,724|(106,776)| ||Net cash provided||by operating||activities||||||63,161|43,700| |14.|Analysis ofcash|and cash||equivalents||||||||| ||||||||||||2022|2021| ||||||||||||6|| ||Cash at bank and|in|hand||||||||284,189|188,144| ||Total cash and cash equivalents||||||||||284,189|186,144| ## ## ## ## ## ## ## ## ## ## ##