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





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|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|





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|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|





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|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|





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|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|





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|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|





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|||**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|





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||**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|



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||**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|





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||**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|



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|||||**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|



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||**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|





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|||**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|



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