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2022-12-31-accounts

		Notes	Unrestricted	Unrestricted
			Total	Total
			2022	2021
INCOME FROM:
Investment income			1,414	986
Charitable activities			67,982	71,621
TOTAL INCOME			69,396	72,607
EXPENDITURE ON:
Charitable Activities
- Journal expenditure - Studentships and grants			38,099 35,454	45,277 29,668
TOTAL EXPENDITURE			73,553	74,945
NET INCOME/(EXPENDITURE)	AND NETMO~ IN
FUNDS BEFORE GAINS AND	LOSSES ON INVESTMENTS		(4,157)	(2,358)
Gains/posses) on investments			(69,866)	85,613
NET MOVEMENT IN FUNDS FOR THE YEAR			(74,023)	83,255
RECONCILIATION OF FUNDS:
Total funds			711,723	628,468
Total funds carried forward			637,700	711,723

		Notes		2022		2021
					6
FIXEDASSETS Investments					566,550		601,606
CURRENT ASSETS Debtors Cash at bank and in hand				46,746 29,922		54,665 60,452
				76,668		115,117
LIABILITIES
Creditors: Due wilhin	one year	10		5,518		5,000
NETC~ ASSETS			tsar		71,150		110,117
NET ASSETS					637,700		711,723
THE FUNDS OF THE CHARITY Unrestricted funds					637,700		711,723

			Note	2022	2021
Cash flows from operating	activities:
Net cash used in operating	activities			2,866	(6,077)
Cash flows fi.om investing	activities:
Interest and dividends				1,414	896
Purchase ofinvestments				(34,810)	(10,804)
Net cash used in investing	activities			(33,396)	(9,908)
Change in cash and cash	equivalents	in the year		(30,530)	(15,175)
Cash and cash equivalents	brought	forward		60,452	75,627
Cash and cash equivalents	carried forward			29,922	60,452

cash or kind (2021:ZNil). Expenses paid to the Trustees duri	cash or kind (2021:ZNil). Expenses paid to the Trustees duri	ng the year totalled fNil (2021:f Nil)	.
INVESTMENT INCOME		2022	2021
Foreign interest		286	195
Dividends - equities	and unit trusts	1,128	791
		1,414	986

Current Year	Current Year			Support
			Grant	and
			funded	governance	Total
			activity	costs	2022
Funded &om unrestricted		funds:		f.
Studentship	awards		17,378	13,387	30,765
Conference	grants		3,202	1,487	4,689
Total charitable expenditure			20,580	14,874	35,454
Prior Year				Support
			Grant	and
			funded	governance	Total
			activity	costs	2021
Funded fiom unrestricted		funds;
Studentship	awards		16,331	10,379	26,710
Conference	grants		1,825	1,153	2,978
Total charitable expenditure			18,156	11,532	29,688

is shown in the	is shown in the	table below:
Current Year					Other
			Total	Governance	support
Cost Type			allocation	related	cost	Basis ofapportionment
			8
Secretarial	costs (80%)		11,899	2,380	9,519	Pro-rata to support	costs
Committee	travel (15%)		2,231	446	1,785	Pro-rata to support	costs
Miscellaneous		(5%)	744	149	595	Pro-rata to support	costs
			14,874	2,975	11,899
				(20%)	(80%)
Prior Year					Other
			Total	Governance	support
Cost Type			agocation	related	cost	Basis ofappottionment
Secretarial	costs (80%)		9,226	1,846	7,380	Pro-rata to support	costs
Committee	travel (15%)		1,729	346	1,383	Pro-rata to support	costs
Miscellaneous		(5%)	577	114	463	Pro-rata to support	costs
			11,532	2,306	9,226
				(20%)	(80%)

Software usage is based on items posted as recorded in oftransactions.	the accounting system's administrative audi	t record
Governance costs:	2022	202]
Auditors remuneration	1,805	1,560

Allocation ofgovernance	and other support costs:	2022	2021
Studentship awards		17,378	16,331
Conferences grants		3,202	1,825
Total allocated		20,580	18,156

ANALYSIS OF GRANTS TO INSTITUTIONS
	2022	2021
- Conference Grants Paid
Nottingham University	325
Birmingham University		405
Cambridge University	500	500
Oxford University	498	240
NCH		500
Royal Ho1loway		500
Leeds University	300
Sheffield University	500
Warwick University	1,450
Edinburgh University	500	500
St Andrews	880
KCL	450
UCL	300
	5,703	2,645
Less unclaimed grants for prior years	(2,501)	(820)
	3,202	1,825

FIXEDASSET INVESTMENTS	FIXEDASSET INVESTMENTS	2022	2021
Movement in fixed asset listed	investments
Market value brought forward	at 1st January 2022	601,606	494,717
Add: additions to investments	at cost		21,276
Add net (loss)/gain on revaluation		(69,866)	85,613
Market value at 31stDecember	2022	531,740	601,606
Capital account		34,810
Total investments at 31stDecember 2022		566,550	601,606
Historic cost at 31stDecember	2022	327,413	306,137

Ordinary and	Preference	Shares	2022	2021
149Vanguard	Investment	Series Japan Index Instl Plus	5.16%
885 Vanguard	Investment	UK Ltd US Eq Instl Plus	47 63%	46.86%
289 Vanguard	Investments	UK Ltd FTSEDev Instl Plus	9.99%	9.58%
275 Vanguard	Investment	Series EM Stock Index Instl Plus	7.50%	7.39%

NOTES	TO	THE	FINANCIAL STATEMENTS ANALYSIS OFC~ASSETS		2022	2021
			Accrued income		46,746	54,665
			Cash at bank		29,922	60,452
					76,668	115,117
10.			ANALYSIS OF CURRENT LIABILITIES		2022	2021
			Creditors due within one year:		8
			Accruals		5,518	5,000
			RECONCILIATION OF NET MOVEMENT	IN FUNDS TONET CASH FLOW FOR OPERATING
			ACTIVITIES
					2022	2021
			Net movement in funds		(74,023)	83,255
			Deduct investment income shown in investing	activities	(1,414)	(986)
			Deduct gains on investments (increase)/decrease in debtors		69,866 7,919	(85,613) (4,558)
			(Decrease)/increase in creditors		518	1,825
			Net cash used in operating activities		2,866	(6,077)