2023-04-30-accounts

			Page
Report of	the Trustees		1-9
Report of	the Independent	Auditors	10 —12
Statement	of Financial Activities		13
Balance Sheet
Statement	ofCash Flows		15
Notes to the Accounts			16 —20

Charity name		The Chimo Trust CIO	The Chimo Trust CIO	("Chimo")	("Chimo")
Registered charity	number	1198696
Principal address		Charlton House
		Wincanton
		Somerset
		BA9 8ES
Trustees		Gavin White (appointed			22.4.22)
		Nigel Corner (appointed			22.4.22)
		Dr Alexandra)affee	{appointed 12.10.22)
		Fiorella Massey MBE		(appointed		12.10.22)
		Sir Charles Walker	KBE		(appointed	22.4.22)
Auditors		Anderson Barrowcliff		LLP
		3 Kingfisher Court
		Bowesfield Park
		Stockton on Tees
		TS183EX
Bankers/Investment	advisors	UBSAG
		5 Broadgate
		London
		EC2M 2QS

Organisation	Funding for
Dose ofNature	Additional psychologist to expand nature			walks	programme
Empire Fighting Chance	Director ofmethodology/programming		for national			roll-out	ofboxing therapy
Grow	Head ofprogramming for gardening	programme
Comics Youth	Development director for expanded	arts		programme
SLTH	Operations manager for equine assisted			therapy	programme		and CRM system
The Wave Project	Expansion ofsurf therapy programme
Odd Arts	Expansion ofcreative arts programme
The Music Works	Study to evaluate music on prescnption
Core Arts	Refurbishment oftouring canal boat	to	expand		reach

					Total
					Funds (all
					unrestricted)
					2023
				Note	E
Income
Donations and	legacies			2	5,382,766
Investment income				3	7,519
Tata I income					5,390,285
Expenditure
Raisingfunds				4	11,049
Charitable activities				5	914,482
Total Expenditure					925,531
Net income before other gains/(losses)			on investments		4,464,754
Gains 8 losses	on investment	assets
Unrealised loss	on investments				(338,772)
Net movement	in funds				4,125,982
Reconciliation	ofFunds
Total funds carried forward at 30April 2023					4,125,982

						2023
				Note	6
Fixed Assets
Investments						4,985,421
Creditors: amounts		falling	due within one year	12	326,939
Net Current	Liabilities					(326,939)
Total Assets	Less Current		Liabilities			4,658,482
Creditors: amounts		falling	due after more than one year	13		(532,500)
Net Assets						4,125,982
Funds
Unrestricted	funds					4,125,982
Total Funds						4,125,982

						2023
					~Not	6
Cash from operating activities					14	4,977,463
Cash flow	from investing	activities
Payments	to acquire listed	investments				(4,985,421)
Dividends	received					2,615
Interest received						4,904
Net cash flow used in investing activities						(4,977,902)
Change in cash and cash		equivalents	in the	year		(439)
Cash and	cash equivalents	at the beginning		ofthe year
Cash and	cash equivalents	at the end	ofthe	year —bank overdraft		(439)

						2023
						E
	Donations					5,382,766
						5,382,766
3	INVESTMENT			INCOME
						2023
						E
	Dividend	income				2,615
	Interest	receivable				4,904
						7,519
4	COSTS OF RAISING FUNDS
						2023
						E
	Website	costs				1,984
	Investment		management		costs	9,065
						11,049
5	CHARITABLE			ACTIVITIES
						2023
						E
	Grants paid		(see note 7)			910,000
	Governance		costs (see note 6)			4,482
						914,482
6	GOVERNANCE			COSTS
						2023
						E
	Auditors	remuneration				4,000
	Professional		fees			482
						4,482

7	ANALYSIS OF GRANTS	ANALYSIS OF GRANTS
	Recipients ofinstitutional		grants				Amount
							awarded
							2023
							E
	Dose ofNature						150,000
	Strength &Learning Through		Horses				170,000
	Empire Fighting Chance						90,000
	The Wave Project						90,000
	Grow						90,000
	Core Arts						50,000
	The Music Works						90,000
	Comics Youth CIC						90,000
	Odd Arts						90,000
							910,000
8	NET INCOME FOR THE YEAR
	This is stated after charging:-
							2023
							E
	Statutory audit						4,000
	Tax advisory services						482
9	AVERAGE NUMBER OF EMPLOYEES
	The average monthly	head count for		the year was	NIL
10	TRUSTEES'AND KEY	MANAGEMENT		PERSONNEL REMUNERATION		AND EXPENSES
	None ofthe Trustees	received any remuneration			in the year.
	None ofthe Trustees	had expenses		in the year.
11	FIXED ASSET INVESTMENTS
							2023
							E
	Listed investments
	Additions						5,379,193
	Disposals						(55,000)
	Loss on revaluation						(338,772)
	Fair value at 30April	2023					4,985,421

	N stot	N stot	N stot	heA o nts forth Period 22A r'1202 OA ril2 23	heA o nts forth Period 22A r'1202 OA ril2 23	heA o nts forth Period 22A r'1202 OA ril2 23
12	CREDITORS: AMOUNTS			FALLING DUE WITHIN ONE YEAR
						2023
						E
	Bank overdraft					439
	Accruals					326,500
						326,939
13	CREDITORS: AMOUNTS			FALLING DUE AFTER		MORE THAN ONE YEAR
						2023
						E
	Accruals					532,500
						532,500
13	RELATED PARTY TRANSACTIONS
	During the	year Gavin White,			chair oftrustees,	donated E5,381,176.There were no other related party
	transactions	in the	year.
14	RECONCILIATION		OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
						2023
						E
	Net income for year					4,464.754
	Unrealised	loss on	listed	investments		(338.772)
	Increase in	creditors				859.000
	Dividends	received				(2,615)
	Interest received					(4,904)
	Net cash flow from		operating		activities	4,977,463