Charlty number: 1188315
THE SP,ALDING MEMORIAL EDUCATIONAL TRUST
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

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||||Page|
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|Annualreport||||
|Independent|examiner's|report to the trustees||
|Receipts and|payments|account||
|Statement of|assets and|liabilities||





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|||Yearto||Year|to|
|---|---|---|---|---|---|
|||31 December|2022|31December 2021||
|||6||||
|RECEIPTS||||||
|COIF Share dividends||98,442|||93,656|
|Deposit interest|||216||3|
|Total receipts||98,667|||93,659|
|PAYMENTS||||||
|Grants||82,065||47,146||
|Secretary's<br>salary||20,831||15,236||
|Secretary's<br>pension cost||1,047||753||
|Other expenses||||50||
|Printing,<br>postage and stationery||630||714||
|Telephone<br>and internet charges||775||1,048||
|Computer expenses||269||125||
|Electricity costs||1,089||1,444||
|Accountancy<br>fees||1,800||2,510||
|Payroll fees||600||||
|Legal fees||1,930||||
|Travel costs||||191||
|Bank charges||122||68||
|AGM Expenses||997||||
|Purchase<br>ofAssets||3,136||||
|Total payments||(115,281)|||(70,985)|
|Net receipts for the year||(16,624)|||22 674|
|Bank balances brought|forward|82,854|||60,180|
|Bank balances carried forward||666,230|||582,854|





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|||||31 December|31December|
|---|---|---|---|---|---|
|||||2022|2021f|
|MONETARY ASSETS||||||
|Bank and cash balances:||||||
|Charities<br>Deposit|Fund —Reserves||Fund|15,390|15,241|
|Charities<br>Deposit <br>HSBC STCurrent|Fund —Clare Hall <br> Account||Fellowship|6,842<br>42,163|5,776<br>57,'840|
|HSBC ERSCurrent Account||||1,836|2,997|
|||||666,230|f82,854|
|Debtors:||||||
|Salary overpayments||||89||
|||||689||
|Liabilities:||||||
|Accountancy<br>fees|estimate|(incl. VAT)||2,040|2,040|
|Outstanding<br>payroll costs||||716|765|
|Grants approved|but unpaid|at the|end ofthe year|11,690|10,034|
|||||f14,446|f12,839|



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|VESTMENT ASSETS<br>ld for investment<br>purposes:|||
|---|---|---|
|1,167,437 (31December 2021 —1,167,437) income units in—|||
|COIF Investment<br>Fund (1,102,457 units)|3,021,614|3,450,250|
|COIF Property<br>Fund (42,764 units)|47,617|54,053|
|COIF ERS (22,216 units)|60,889|69,527|
||F3,130,120|f3,573,830|