2023-04-30-accounts

Reference andAdministrativeDetails
Trustees'Report	2to4
StatementofTrustees'Responsibilities	5
IndependentAuditor'sReport	6to9
StatementofFinancialActivities	1Oto11
BalanceSheet	12
CashFlowStatement	13
NotestotheFinancial Statements	14to20

Trustees	MrGIMurdoch
	MrAE Body
PrincipalOffice	StephensScown
	OspreyHouse
	MalpasRoad
	Truro
	Cornwall
	TR1 1UT
**Charity Registration Number **	1187142
**Solicitors **	StephensScown
	OspreyHouse
	MalpasRoad
	Truro
	Cornwall
	TR1 1UT
**Auditor **	PKF FrancisClark
	MelvilleBuildingEast
	Unit18
	23RoyalWilliamYard
	Plymouth
	Devon
	PL13GW

RecognisedGainsandLosses)
		**Unrestricted **	**Total **
		**funds **	2023
	**Note **	£	£
**Income andEndowments from: **
Donationsandlegacies		700	700
Investmentincome	3	61,257	61,257
Total income		61,957	61,957
**Expenditure on: **
Raisingfunds	4	(19,922)	(19,922)
Charitableactivities	5	(47,715)	(47,715)
Totalexpenditure		(67,637)	(67,637)
Lossoninvestmentassets		(81,041)	(81,041)
Netexpenditure		(86,721)	(86,721)
Netmovementinfunds		(86,721)	(86,721)
**Reconciliation of funds **
Tatalfundsbroughtforward		3,353,994	3,353,994
Totalfundscarriedforward	13	3,267,273	3,267,273

RecognisedGainsandLosses)
		**Unrestricted **	**Total **
		**funds **	2022
	**Note **	£	£
**Income and Endowments from: **
Investmentincome	3	104,861	104,861
Totalincome		104,861	104,861
Expenditure on:
Raisingfunds	4	(24,714)	(24,714)
Charitableactivities	5	(3,937,753)	(3,937,753)
Totalexpenditure		(3,962,467)	(3,962,467)
Gainsoninvestmentassets		69,361	69,361
Netexpenditure		(3,788,245)	(3,788,245)
Netmovementinfunds		(3,788,245)	(3,788,245)
**Reconciliation of funds **
Totalfundsbroughtforward		7,142,239	7,142,239
Totalfundscarriedforward	13	3,353,994	3,353,994

30April2023
		**2023 **	2022
	**Note **	£	£
**Fixed assets **
Investments	10	2,752,790	2,856,976
**Current assets **
Debtors	11	49,700	49,000
Cash atbankandin hand		481,083	458,018
		530,783	507,018
**Creditors: Amounts fallingdue within one year **	12	(16,300)	(10,000}
**Net current assets **		514,483	497,018
**Net assets **		3,267,273	3,353,994
**Funds of the charity: **
**Unrestricted income funds **
Unrestrictedfunds		3,267,273	3,353,994
**Total funds **	13	3,267,273	3,353,994

YearEnded 30April2023
		2023	**2022 **
	**Note **	£	£
Netexpenditureforthereporting period		(86,721)	(3,788,245)
**Adjustments to cash flows from non-cash items **
Investmentincome	3	(61,257)	(104,861)
Revaluation ofinvestments		73,669	513
		(74,309)	(3,892,593)
**Working capital adjustments **
(lncrease)/decreaseindebtors	11	(700)	1,000
Increaseincreditors	12	6,300	7,000
Netcashflowsfromoperatingactivities		(68,709)	(3,884,593)
**Cash flows frominvestingactivities **
Purchaseofinvestments	10	(458,703)	(320,208)
Saleofinvestments		489,220	3,523,717
Incomefrom dividends	3	61,257	104,861
Netcashflowsfrominvestingactivities		91,774	3,308,370
Netincrease/(decrease)incash andcash equivalents		23,065	(576,223)
Cash andcash equivalentsat1May		458,018	1,034,241
Cashandcashequivalentsat30April		481,083	458,018

		**Unrestricted **
		**funds **	**Total **
		**General **	2023
		£	£
Donationsandlegacies;
Legacies		700	700
		700	700
**3Investment income **
	**Unrestricted **
	**General **	**Total **	**Total **
	**funds **	2023	2022
	£	£	£
Incomefromdividends;
Dividendsreceivablefromotherlisted
investments	61,257	61,257	104,861
**4Expenditure onraising funds **

**a) Investment management costs **
		**Total **	**Total **
	**Direct costs **	2023	2022
	£	£	£
Investmentmanagementcosts	19,922	19,922	24,174

	**Activity **
	**undertaken **	Activity	**Total **	**Total **
	**directly **	**supportcosts **	2023	2022
	£	£	£	£
Paymentstocharitable
organisations	42,748		42,748	3,930,540
Governancecosts		4,967	4,967	7,213
	42,748	4,967	47,715	3,937,753

	**Unrestricted **
	**funds **	**Total **	**Total **
	**General **	2023	2022
	£	£	£
Auditfees
Auditofthefinancialstatements	4,800	4,800	4,500
Otherfeespaidto auditors			2,500
Allocatedsupportcosts	167	167	213
	4,967	4,967	7,213
7Net outgoing resources
Netoutgoingresourcesfortheyearinclude:
		2023	2022
		£	£
Audit fees		4,800	4,500
Othernon-auditservices			2,500

	**Listed **
	**investments **	**Total **
	£	£
**Cost or Valuation **
At1May2022	2,856,976	2,856,976
Revaluation	(73,669)	(73,669)
Additions	458,703	458,703
Disposals	(489,220)	(489,220)
At30April2023	2,752,790	2,752,790
**Net book value **
At30April2023	2,752,790	2,752,790
At30April2022	2,856,976	2,856,976

Holding	Security	Market Vaue (£)
178,700	UKGovernment2%7/9/25	171,719
125,000	IKGovernmentldxLkd 22/11/27	246,741

				2023	2022
				£	£
Othercreditors					3,000
Accruals				16,300	7,000
				16,300	10,000
**13 Funds **
				**Other **	**Balance at **
	**Balance at **	**Incoming **	**Resources **	**recognised **	**30 April **
	**1May 2022 **	**resources **	**expended **	losses	**2023 **
	£	£	£	£	£
**Unrestricted funds **
General
Unrestrictedfund	3,353,994	61,957	(67,637)	(81,041)	3,267,273
					**Balance at **
	**Balance at **	**Incoming **	**Resources **	**Other **	30**April **
	**1May 2021 **	resources	**expended **	**recognised **	**2022 **
	£	£	£	**gains **	£
**Unrestricted funds (As restated) **
General
Unrestrictedfund	7,142,239	104,861	(3,962,467)	69,361	3,353,994

	**Unrestricted **	**Total funds **
	**funds **	at 30 April
	**General **	**2023 **
	£	£
Fixedassetinvestments	2,752,790	2,752,790
Currentassets	530,783	530,783
Currentliabilities	(16,300)	(16,300)
Totalnetassets	3,267,273	3,267,273

		**Unrestricted **	**Total funds **
		**funds **	**at 30 April **
			2022
		**General **	**£(As **
		£	**restated) **
Fixedassetinvestments		2,856,976	2,856,976
Currentassets		507,018	507,018
Currentliabilities		(10,000)	(10,000)
Totalnetassets		3,353,994	3,353,994
**15 Analysis of net funds **
	**At 1 May **	Financing	**At 30April **
	**2022 **	**cash flows **	**2023 **
	£	£	£
Cashatbankandinhand	458,018	23,065	481,083
Netfunds	458,018	23,065	481,083