2023-01-31-accounts

	Page
Trustees'report	1-4
StatementofTrustees'responsibilities
Statementoffinancialactivities
Balancesheet
Statementofcashflows
Notestothefinancialstatements	9-15

		UnrestrictedUnrestricted	UnrestrictedUnrestricted
		funds	funds
		2023	2022
	Notes	£	£
Income
Donationsandlegacies	3	-	963,180
Investmentincome	4	17,448	17,502
Otherincome	12	416	-
Totalincome		17,864	980,682
Expenditure
Raisingfunds	5	4,349	5,393
Charitableactivities	6	112,264	132,825
Totalresourcesexpended		116,613	138,218
Net(expenditure)Iincomebeforeinvestment(losses)Igains		(98,749)	842,464
Net(losses)/gainsoninvestments	11	(42,720)	50,608
Netmovementinfunds		(141,469)	893,072
Fundbalancesat1February2022		893,072	-
Fundbalancesat31January2023		751,603	893,072

		2023		2022
	Notes	£	£	£	£
Fixedassets
Investments	13		738,534		892,194
Currentassets
Debtors	14	293		275
Cashatbankandinhand		18,776		8,759
		19,069		9,034
Creditors:amountsfallingduewithin	15
oneyear		(6,000)		(8,155)
Netcurrentassets			13,069		879
Totalassetslesscurrentliabilities			751,603		893,073
Incomefunds
Unrestrictedfunds			751.603		893.072

		2023		2022
	Notes	£	£	£	£
Cashflowsfromoperatingactivities
Cash(absorbedby)/generatedfrom	16
operations			(118,352)		833,117
Investingactivities
Purchaseofinvestments		(29,071)		(1,019,645)
Proceedsondisposalofinvestments		132,847		225,100
Investmentincomereceived		17,430		17997
Netcashgeneratedfrom/(usedin)
investingactivities			121,206		(777,318)
Netcashusedinfinancingactivities
Netincreaseincashandcashequivalents			2,854		55,799
Cashandcashequivalentsatbeginningofyear			55,799
Cashandcashequivalentsatendofyear			cf2F.rl4		55,799

2023	2022
£	£
	963,180

	Unrestricted	Unrestricted
	funds	funds
	2023	2022
	£	£
UKdividendincome	13,079	14,222
Foreigninterestincome	341	275
Unittrustinterestincome	1,831	965
REITdividendincome	547	682
Foreigndividendincome	1,650	1,358
	11,4415	1/,bU2
Raisingfunds
	Unrestricted	Unrestricted
	funds	funds
	2023	2022
	£	£
Investmentmanagementfees	4,349	5,393
Charitableactivities
	2023	2022
	£	£
Grantfundingofactivities(seenote8)	100,000	119,000
Shareofsupportcosts(seenote7)	12,351	12,100
Shareofgovernancecosts(seenote7)	(87)	1,725
	112,264	132,825

7	Supportcosts
		Support	Governance	2023	2022
		costs	costs
		£	£	£	£
	Bankcharges	20	-	20	40
	Managementandadministrationfees	12,000	-	12,000	12,000
	LEIfees	-	-	-	60
	Trusteeexpenses	331	-	331	-
	IndependentExamination/auditfees	-	(87)	(87)	1,725
		12,351	(87)	12,264	13,825
	Analysedbetween
	Charitableactivities	12,351	(87)	12,264	13,825
8	Grantspayable
				2023	2022
				£	£
	Grantstoinstitutions
	Education			49,875	52,000
	Overseashospitalsandmedicine			21,500	28;000
	Children			16,125	18,000
	Hospices			3,000	5,000
	Foodbanksandcommunityprojects			9,500	16,000
				100,000	119,000

Net(losses)/gainsoninvestments
	Unrestricted	Unrestricted
	funds	funds
	2023	2022
	£	£
(Loss)/gainonrevaluationofinvestments	(18,265)	39,864
(Loss)/gainonsaleofinvestments	(24,455)	10,744
	(42.7201	50.608
Otherincome
	Unrestricted	Total
	funds
	2023	2022
	£	£
Bankinterestreceived	416	-

	Listed	Cashin	Total
	investments	portfolio
	£		£
Valuation
At1February2022	845,153	47,040	892,193
Additions	29,071	-	29,071
Unrealised(loss)	(18,265)	-	(18,265)
Realised(loss)	(24,455)	-	(24,455)
Cashheldininvestmentportfolio	-	(7,163)	(7,163)
Disposals	(132,847)	-	(132,847)
At31January2023	698,657	39,877	738,534

Investmentsrepresentingmorethan5%oftheportfolio'stotalmarketvalue	Investmentsrepresentingmorethan5%oftheportfolio'stotalmarketvalue	Investmentsrepresentingmorethan5%oftheportfolio'stotalmarketvalue	(excludingcash):
Investment	Units	MarketValue	%ofTotalMarket
		£	Value
CapitaFinancialMgrsTrojanGlobal	35,000	44,303	6.34%
FilInvestmentServicesWIncome	21,000	46,221	6.61%
JPMorganUSEquity	27,440	43,026	6.16%
LinkFundSolutionsTrojanIncomeS	15,000	46,697	6.68%
M&GSecuritiesNorthAmerican	48,000	64,416	9.22%
TBaileyFundEvenlodeGlobal	39,000	54,721	7.83%

13	Fixedassetinvestments		(Continued)
		2023	2022
		£	£
	Historiccostofinvestments	685,321	805,289
14	Debtors
		2023	2022
	Amountsfallingduewithinoneyear:	£	£
	Dividendsdue	293	275
15	Creditors:amountsfallingduewithinoneyear
		2023	2022
		£	£
	Investmentmanagement fees	-	430
	Trusteeadministrationfees	4,200	6,000
	IndependentExamination/Auditfees	1,800	1,725
		6,000	8,155
16	Cashgeneratedfromoperations	2023	2022
		£	£
	(Deficit)/surpusfortheyear	(141,469)	893,072
	Adjustmentsfor:
	Investmentincomerecognisedinstatementoffinancialactivities	(17,448)	(17,502)
	Loss/(gain)ondisposalofinvestments	24,455	(10,744)
	Unrealisedgainoninvestments	18,265	(39,864)
	Movementsinworkingcapital:
	(Decrease)/increaseincreditors	(2,155)	8,155
	Cash(absorbedby)/generatedfromoperations	(118,352)	833,117

19	Cashandcashequivalents
		2023	2022
		£	£
	Cashatbankandinhand	18,776	8,759
	Cashheldininvestmentportfolio	39,877	47,040
		58,653	55,799
20	Donationsmadeduringtheyear
		2023	2022
		£	£
	ArthurRankHospice	3,000	5,000
	CandleforIndia(DeeptiCentre)	8,000	13,000
	CentreforTheology&Community	2,500	8,000
	EmmanuelCollege,Cambridge	15,000	18,000
	KingsCollegeMemorialService	-	2,500
	NzirambiOrphansTalentDevelopmentCentreUK(NOTDECUK)	16,125	18,000
	RefugeeEducationUK	7,000	2,500
	SocietyofFriendsofMvumiHospital	13,500	15,000
	SPEAR	15,000	15,000
	TheKiteTrust	8,500	9,000
	TrussellTrust	7,000	8,000
	UniversityofCambridge-Prizes	4,375	5,000
		100,000	119,000

	Holding	MarketValue	Additions			Disposals	Disposals	Profit	Unrealised	Holding	MarketValueGrossIncome	MarketValueGrossIncome
1	February	1February	Quantity	Cost		Quantity	Proceeds	(Loss)	Profit	31January	31January
	2022	2022								2023	2023
		£		£			£	£		£	£	£
AdmiralGroup
OrdinaryGBP0.001
	590	18,550				590	12,648	(5,902)				447
												249
AllianzTechnologyTrustPlc
OrdinaryGBP0.025
	5,100	14,586							(3,391)	5,100	11,195
AstraZeneca
OrdinaryUS$0.25Stock
	150	12,926										218
									2,959	150	15,885	115
BaillieGifford
JapaneseSmallCosFdBAcc
	410	18,220			66				(66)	410	18,220	66
Barclays
Ordinary25p
	7,600	14,989										304
									(865)	7,600	14,124	171
BrownAdvisoryFunds
USFlexibleEquityCUSDNay
	2,600	52,442				1,500	28,242	(2,013)	(555)	1,100	21,632
CapitaFinancialManagers
TrojanGlobalIncomeOGBPInc
	35,000	45,535							(1,232)	35,000	44,303

Holding	MarketValue	Additions			Disposals	Disposals	Profit	Unrealised	Holding	MarketValueGrossIncome	MarketValueGrossIncome
1February	1February	Quantity	Cost		Quantity	Proceeds	(Loss)	Profit	31January	31January
2022	2022								2023	2023
	£		£			£	£		£	£	£
CouplandCardiffFunds
JapanAlphaTJpyAcc
2,600	17,212							(1,061)	2,600	16,151
ETFSHedgedMetalSecLtd
DailyHgdPhysicalGold(GBP)
3,000	29,115							1,613	3,000	30,728
FilInvestmentServices(Uk)limited
GlobalDividendWIncNay
21,000	45,948										422
											288
											288
								273	21,000	46,221	288
FindlayParkFundsIcav
AmericanGBPUnhgdDis
ChangedfromFindlayParkFundsPlcAmericanSterlingGBPUhdgon18/07/2022
250	33,390							(65)	250	33,325
FirstSentierInvrs(Uk)FdsLtd
FssaGreaterChinaGrowthBGBPAcc
1,900	25,946			28	980	12,069	(1,328)				28
				247				(508)	920	12,316	247

Holding	MarketValue	Additions		Disposals	Disposals	Profit	Unrealised	Holding	MarketValueGrossIncome	MarketValueGrossIncome
1February	1February	Quantity	Cost	Quantity	Proceeds	(Loss)	Profit	31January	31January
2022	2022							2023	2023
	£		£		£	£		£	£	£
GoreStreetEnergyStorageFundPlc
OrdinaryGBP0.01
7,900	9,125									158
										79
										158
							(435)	7,900	8,690	158
GreencoatUKWindPLC
Ordinary1pshares
6,800	9,642									122
										131
										131
							1,190	6,800	10,832	131
lfslChurchHseInvGrdFxdIntFd
IfsIChHouseInvestmentGrdFxdIntDis
ChangedfromChurchHouseInvestment	GradeFixedIntFd	Incon03/10/2022
18,000	21,051									113
										114
										129
							(1,503)	18,000	19,548	144
(shares
Ftse100Nay
3,800	27,744									162
										350
										335
							1,064	3,800	28,808	189

	Holding	MarketValue	MarketValue	Additions		Disposals	Disposals	Profit	Unrealised	Holding	MarketValueGrossIncome	MarketValueGrossIncome
1	February	1	February	Quantity	Cost	Quantity	Proceeds	(Loss)	Profit	31January	31January
	2022		2022							2023	2023
			£		£		£	£		£	£	£
JpmorganFundsLtd
USEquityIncKGBPNetIncUnhdg
	27,440		40,611									217
												209
												241
									2,415	27,440	43,026	272
JupiterUnitTrustManagers
StrategicBondZInc
	33,000		21,549									188
												190
												219
									(3,046)	33,000	18,503	208
LeggMasonInvestments(Europe)Ltd
WaShtDurBlueChpSPisEGbp(M)dis		Hd
	270		26,411									22
												12
												28
												27
												26
												27
												28
												30
												34
												29
												33
									(1,541)	270	24,870	45

Holding	MarketValue	Additions		Disposals	Disposals	Profit	Unrealised	Holding	MarketValueGrossIncome	MarketValueGrossIncome
1February 2022	1February 2022	Quantity	Cost	Quantity	Proceeds	(Loss)	Profit	31January 2023	31January 2023
	£		£		£	£		£	£	£
LinkFundSolutions
TrojanSIncNay
15,000	46,950									252
										93
										421
										338
							(253)	15,000	46,697	379
LondonmetricPropertyPlc
OrdinaryGBPO.10
7,800	20,810			3,200	5,480	(3,057)				172
										117
										90
										179
							(3,611)	4,600	8,662	106
M&GSecuritiesLimited
GlobalMacroBondJGBPDisUnhedged
										111
										125
										177
										112
M&gSecuritiesLimited
NorthAmericanDividendPpGBPDis
48,000	63,350									190
										202
										441
							1,066	48,000	64,416	222

	Holding	Market	Value	Additions		Disposals	Disposals	Profit	Unrealised	Holding	MarketValueGrossIncome	MarketValueGrossIncome
1	February	1February		Quantity	Cost	Quantity	Proceeds	(Loss)	Profit	31January	31January
	2022	2022								2023	2023
		£			£		£	£		£	£	£
M&gSecuritiesLtd
GlobalMacroBondPpGBP	Dis
	27,838		26,170			13,838	12,550	(459)	(485)	14,000	12,676
MarlboroughFundManagers
SpecialSituationsPAccums
	1,100		26,250		46	1,100	21,317	(5,046)				46
					67							67
Mercedes-BenzGroupAg
OrdinaryNpv(Regd)
ChangedfromDaimlerAgOrdinaryNpv(Regd)on			02/02/2022
				160	9,836				(173)	160	9,663
Prudential
Ordinary5p
	1,200		14,826			1,200	10,438	(4,388)				113
												60
RioTinto
Ordinary10p(Registered)
	340		17,629			340	15,899	(1,730)				155
												1,043
RocheHoldingsAg
GenusscheineNoParValue
	81		23,144						(2,716)	81	20,428	394
S4CapitalPlc
OrdinaryGBP0.25
	2,000		10,280						(5,904)	2,000	4,376

Holding	MarketValue	Additions		Disposals	Disposals	Profit	Unrealised	Holding	MarketValueGrossIncome	MarketValueGrossIncome
1February	1February	Quantity	Cost	Quantity	Proceeds	(Loss)	Profit	31January	31January
2022	2022							2023	2023
	£		£		£	£		£	£	£
SchroderUnitTrusts
AsianIncomeLInc
39,000	30,248			19,000	14,204	(532)				601
							108	20,000	15,620	869
SPDRTrust
S&PUSDividendAristocrats
		330	18,781							114
							189	330	18,970	105
TBaileyFundServicesLtd
EvenlodeGlobalIncomeFGBPDis
39,000	54,717									258
										293
										293
							4	39,000	54,721	293
Unilever
Ordinary31/9p
400	15,150									144
										144
										145
							1,284	400	16,434	149