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|||Page|
|---|---|---|
|Trustees'<br>report||1-3|
|Independent<br>auditor's|report|4-6|
|Statement offinancial|activities||
|Balance sheet|||
|Statement ofcash flows|||
|Notes to the financial|statements|10-14|





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|||||2023|2022|
|---|---|---|---|---|---|
||||Notes||f.|
|Income from:||||||
|Investments||||235,503|240,095|
|Ex enditure on:||||||
|Raising funds||||11,193|19,852|
|Charitable<br>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|





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|||||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|





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|||||2023||2022||
|---|---|---|---|---|---|---|---|
|||||||f||
|Cash flows from operating||activities||||||
|Cash absorbed<br>by operations|||||(194,088)||(205,990)|
|Investing|activities|||||||
|Purchase|of investments|||(17,867,331)||||
|Proceeds|ofinvestment<br>disposals|||17,801,704||19,852||
|Investment|income received|||235,503||214,169||
|Net cash|generated<br>from investing|||||||
|activities|||||169,876||234,021|
|Net cash|used in financing|activttjes||||||
|Net (decrease)/increase<br>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|





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||||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<br>measured||at fair value through|profit or loss|6,938,263|7,328,127|





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|12|Debtors||||||||
|---|---|---|---|---|---|---|---|---|
||||||||2023|2022|
||Amounts<br>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<br>from operations||||||2023|2022|
||Deficit for the year||||||(442,719)|(23,911)|
||Adjustments<br>for:||||||||
||Investment<br>income recognised|||in statement|offinancial|activities|(235,503)|(240,095)|
||Loss/(gain)<br>on disposal of investments||||||514,302|(755)|
||Fair value gains and|losses on||investments|||(58,811)|43,421|
||Movements<br>in working||capital:||||||
||Decrease<br>in debtors||||||43,333||
||(Decrease)/increase|in creditors|||||(14,690)|15,350|
||Cash absorbed<br>by|operations|||||(194,088)|(205,990)|



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