2023-03-31-accounts

CONTENTS		PAGE
Trustees and professional advisers
Trustees' annual report		2-5
Independent auditors	report	6-8
Statement of financial	activities
Statement of financial	position	10
Notes to the financial	statements	11-14

The Trustees	The Trustees	Philip Hulme
		Jan Hulme
		Tom Hulme
		Kate Prideaux
		Sophie Swift
Charity Offices		'Gladsmuir'
		Hadley Common
		Barnet
		Herts.
		EN5 5QE
Auditors		Newton &Garner Limited
		Chartered Accountants		8 Registered	Auditors
		Building 2
		30 Friern Park
		North Finchley
		London, N12 9DA
Accountants		City Tax Consultants	Limited
		Building 2
		30 Friern Park
		North Finchley
		London, N12 9DA
Bankers		Barclays Bank pic
		One Stanhope Gate
		Mayfair
		London yy1K 1AF
Solicitors		Linklaters
		One Silk Street
		London
		EC2Y 8HQ
Investment	Advisors	Goldman Sachs International
		Plumtree Court
		25 Shoe Lane
		L.ondon
		EC4A 4AU

								Total Funds
					Unrestricted	Endowment	Total Funds	Period to
					Funds	Funds	2023	2022
				Note	6	6
INCOIIIIE AND	ENDOWMENTS
Donations and	legacies			2		6,174,000	6,174,000	4,402,500
Investments				3	212,248		212,248	53,005
TOTAL INCOME					212,248	6,174,000	6,386,248	4,455,505
Net income					212,248	6,174,000	6,386,248	4,455,505
EXPENDITURE
Expenditure on	raising funds
Expenditure on	chantable	actiwties		5	(60,400)		(60„400)	(13,400)
TOTAL EXPENDITURE Net income					(60,400) 151,848	6,174,000	(60,400) 6,325,848	(13,400) 4,442,105
Transfer between funds					(151,848)	151,848
						6,325,848	6,325,848	4,442,105
OTHER RECOGNISED GAINS AND LOSSES
(Losses)/Gains	on revaluation		offixed	assets		(1,368,000)	(1,368„000)	296,500
NET MOVEMENT IN FUNDS						4,957,848	4,957,848	4,738,605
RECONCILIATION OF FUNDS
Total Funds brought forward						5,931,155	5,931,155	1,192,550
TOTAL FUNDS	CARRIED	FORWARD				10,889,003	10,889,003	5,931,155

				2023		2022
		Note
FIXEDASSETS
Investments				10„836,403			5,918,155
				10,836,403			5,918,155
CURRENT ASSETS
Cash at bank			58,600		19,000
			58,600		19,000
CREDITORS: Amounts	falling
due within one year		10	(6,000)		(6,000)
NET CURRENT ASSETS				52,600			13,000
TOTAL ASSETSLESS	CURRENT	LIABILITIES		10,889,003			5,931,155
NET ASSETS				10,889,003			5,931,155
FUNDS OF THE CHARITY
Endowment funds				10,889,003			5,931,155
TOTAL CHARITY FUNDS				10,889,003			5,931,155

NET INCOME
		2023	2022
This is stated after charging		E	8
Auditors remuneration:
—audit ofthe financial statements		2,640	2,400
INVESTMENTS	Cash or
	Cash	Listed
	Equivalents f	Investments F	Total E
Cost or valuation
At 1st April 2022	34,155	5,884,000	5,918,155
Additions	112,248	5,174,000	6,286,248
Revaluations		(1,368,000)	(1,368,000)
At 31st March 2023	145,403	10,690,000	10,836,403
impairment
At 1st Apnl 2022 and
31st March 2023
Carrying amount
At 31st March 2023	146,403	10,690,000	10,836„403
Carrying amount
At 31st March 2022	34,155	5,884,000	5,918,155

10.CREDITORS:	10.CREDITORS:	Amounts	falling	due	within	one	year."		2023	2022
									6	F
Accruals									6,000	6,000
									6,000	6,000
11.ENDOWMENT		FUNDS
								Balance at	Incoming	Balance at
								1.4.22	Resources	31.3.23
									inc. gains
									6
Expendable	endowment							5,931,155	4,957,848	10,889,003