| Page | ||
|---|---|---|
| Trustees' report |
1-3 | |
| Independent auditor's |
report | 4-6 |
| Statement offinancial | activities | |
| Balance sheet | ||
| Statement ofcash flows | ||
| Notes to the financial | statements | 10-14 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Notes | f. | ||||
| Income from: | |||||
| Investments | 235,503 | 240,095 | |||
| Ex enditure on: | |||||
| Raising funds | 11,193 | 19,852 | |||
| Charitable activities |
211,538 | 201,488 | |||
| Total expenditure | 222,731 | 221,340 | |||
| Net gains/(losses) | on investments | 8 | (455,491) | (42,666) | |
| Net movement | in | funds | (442,719) | (23,911) | |
| Fund balances | at 6April 2022 | 7,572,445 | 7,596,356 | ||
| Fund balances | at | 5April 2023 | 7,129,726 | 7,572,445 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | |||||||
| Fixed assets | |||||||
| Investments | 10 | 6,938,263 | 7,328,127 | ||||
| Current assets | |||||||
| Debtors | 12 | 74,488 | 117,821 | ||||
| Cash at bank and in | hand | 122,735 | 146,947 | ||||
| 197,223 | 264,768 | ||||||
| Creditors: amounts | falling due within | ||||||
| one year | (5,?60) | (20,450) | |||||
| Net current | assets | 191,463 | 244,318 | ||||
| Net assets | 7,129,726 | 7,572,445 | |||||
| income funds | |||||||
| Unrestricted | funds | 7,129,726 | 7,572,445 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| f | |||||||
| Cash flows from operating | activities | ||||||
| Cash absorbed by operations |
(194,088) | (205,990) | |||||
| Investing | activities | ||||||
| Purchase | of investments | (17,867,331) | |||||
| Proceeds | ofinvestment disposals |
17,801,704 | 19,852 | ||||
| Investment | income received | 235,503 | 214,169 | ||||
| Net cash | generated from investing |
||||||
| activities | 169,876 | 234,021 | |||||
| Net cash | used in financing | activttjes | |||||
| Net (decrease)/increase in |
cash and cash | ||||||
| equivalents | (24,212) | 28,031 | |||||
| Cash and | cash equivalents | at beginning | ofyear | 146,947 | 118,916 | ||
| Cash and | cash equivalents | at end ofyear | 122,735 | 146,947 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| f | ||||
| Revaluation | of | investments | 58,811 | (43,421) |
| GainI(loss) | on | sale of investments | (514,302) | 755 |
| (455,491) | (42,666) |
| Listed | |||||
|---|---|---|---|---|---|
| investments | |||||
| E | |||||
| Cost orvaluation | |||||
| At 6April | 2022 | 7,328,127 | |||
| Additions | 17,867,331 | ||||
| Valuation | changes | 58,811 | |||
| Oisposals | (18,316,006) | ||||
| At 5April | 2023 | 6,938,263 | |||
| Carrying | amount | ||||
| At 05April | 2023 | 6,938,263 | |||
| At 05April | 2022 | 7,328,127 | |||
| Financial | instruments | 2023 | |||
| Carrying | amount of | financial assets | |||
| Instruments measured |
at fair value through | profit or loss | 6,938,263 | 7,328,127 |
| 12 | Debtors | |||||||
|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||||
| Amounts falling due |
within one year: | E | ||||||
| Other debtors | 74,488 | 117,821 | ||||||
| 13 | Creditors: amounts | falling due within one | year | |||||
| 2023 | 2022 | |||||||
| f. | ||||||||
| Other creditors | 10,000 | |||||||
| Accruals and deferred | income | 5,760 | 10,450 | |||||
| 5,?60 | 20,450 | |||||||
| 14 | Cash generated from operations |
2023 | 2022 | |||||
| Deficit for the year | (442,719) | (23,911) | ||||||
| Adjustments for: |
||||||||
| Investment income recognised |
in statement | offinancial | activities | (235,503) | (240,095) | |||
| Loss/(gain) on disposal of investments |
514,302 | (755) | ||||||
| Fair value gains and | losses on | investments | (58,811) | 43,421 | ||||
| Movements in working |
capital: | |||||||
| Decrease in debtors |
43,333 | |||||||
| (Decrease)/increase | in creditors | (14,690) | 15,350 | |||||
| Cash absorbed by |
operations | (194,088) | (205,990) |