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2022-05-31-accounts

		Page
Reference and administrative	details ofthe Charity, its Trustees and advisers
Trustees' report		2-6
Independent examiner's report
Statement offinancial activities
Balance sheet
Notes to the financial statements		10-20

Trustees		J Grey, Chairman	J Grey, Chairman	J Grey, Chairman
		J Shorters
		P Lane
Charity registered
number		201277
Principal office		1BVictoria	Road
		Exmouth
		EX8 1DL
Accountants		Bishop Fleming		LLP
		Chartered	Accountants
		2nd Floor Stratus House
		Emperor Way
		Exeter Business		Park
		Exeter
		EX1 3QS
Bankers		Barclays Bank Pic
		20 High Street
		Exeter
		EX1 1LX
Solicitors		Michelmores
		Woodwater	House
		Pynes Hill
		Exeter
		Devon
		EX2 5WR
Investment	Advisor	Charles Stanley		and Company	Limited
		Broadwalk	House
		Southerhay	West
		Exeter
		EX1 1TS

			Endowment	Unrestricted	Total	Total
			funds	funds	funds	funds
			2022	2022	2022	2021
		Note	f,
Income and endowments	from:
Investments				185,483	185,483	154,468
Total income and endowments				185,483	185,483	154,468
Expenditure on:
Raising funds			30,942		30,942	29,227
Charitable activities				187,569	187,569	158,494
Total expenditure			30,942	187,569	218,511	187,721
Net expenditure before net gains on
investments			(30,942)	(2,086)	(33,028)	(33,253)
Net gains on investments			71,105		71,105	632,554
Net movement in funds			40,163	(2,086)	38,077	599,301
Reconciliation offunds:
Total funds brought forward			6,349,985	2,255	6,352,240	5,752,939
Net movement in funds			40,163	(2,086)	38,077	599,301
Total funds carried forward			6,390,148	169	6,390,317	6,352,240

					2022		2021
			Note		F		P
Fixed assets
Tangible assets			9		1,053
Investments			10		6,342,377		6,314,736
					6,343,430		6,314,736
Current assets
Debtors				337		4,437
Cash at bank and	in hand			60,266		46,203
				60,603		50,640
Creditors: amounts	falling due within one
year			12	(13,716)		(13,136)
Net current assets					46,887		37,504
Total assets less	current liabilities				6,390,317		6,352,240
Net assets excluding		pension asset			6,390,317		6,352,240
Total net assets					6,390,317		6,352,240
Charity funds
Endowment funds			14		6,390,148		6,349,985
Restricted funds			14
Unrestricted funds			14		169		2,255
Total funds					6,390,317		6,352,240

		Unrestricted	Total	Total
		funds	funds	funds
		2022	2022	2021
		E
Income	from UK listed investments	185,479	185,479	154,447
Interest	receivable	4	4	21
TOTAL	2022	185,483	185,483	154,468
TOTAL	2021	154,468	154,468

			Endowment	Total	Total
			funds	funds	funds
			2022	2022	2021
Investment	management	fees	30,942	30„942	29,227
TOTAL 2021			29,227	29,227

								Unrestricted
								funds	Total	Total
								2022	2022f	2021 E
Grants	payable	to	individuals	and	organisations	in	Devon	187,569	187,569	158,494
TOTAL	2021							158,494	158,494

			Grant
			funding of	Support	Total	Total
			activities	costs	funds	funds
			2022	2022f	2022	2021 E
Grants payable	to individuals	and
organisations	in Devon		141,951	45,618	187,569	158,494
TOTAL 2021			115,946	42,548	158,494

		Grants	Total	Total
		payable	funds	funds
		2022	2022	2021
Grants	to individuals	140,651	140,651	115,496
Grants	to organisations	1,300	1,300	450
		141,951	141,951	115,946
TOTAL	2021	115,946	115,946

		Grants	Total	Total
		payable	funds	funds
		2022	2022	2021
				F
Wages and Salaries		19,989	19,989	20,077
Office and general costs		4,649	4,649	4,757
Premises costs		2,500	2,500	1,019
Professional	fees	18,480	18,480	16,695
		45,618	45,618	42,548
TOTAL 2021		42,548	42,548

									2022	2021
									E
Independent	examination		fees						2,945	2,675
Fees payable	to the	Charity's		independent		examiner	in	respect of:
Other accountancy		and	professional		services provided			by the independent
examiner									15,535	14,020

	2022	2021
Wages and salaries	19,128	19,205
Social security costs	429	438
Other pension costs	432	434
	19,989	20,077

The average	number	of	persons employed	by	the Charity	during	the year	was as follows:
								20
								N
Administrative	staff
The average	headcount		expressed as full-time		equivalents	was:
								20
								N
Administrative	staff

20 N 20 N	22 o. 2021 No. 22 o. 2021 No.

	Office
	equipment
COST OR VALUATION
At 1 June 2021	8,405
Additions	1,108
At 31 May 2022	9,513
DEPRECIATION
At 1 June 2021	8,405
Charge for the year	55
At 31 May 2022	8,460
NET BOOK VALUE
At 31 May 2022	1,053
At 31 May 2021

	Listed	Cash held
	quoted	as part of
	share,	the
	stocks and	investment
	funds	portfoliof	Total
COST OR VALUATION
At 1 June 2021	6,153,146	161,590	6,314,736
Additions	112,924	19,806	132,730
Disposals	(170,866)		(170,866)
Revaluations	65,777		65,777
At 31 May 2022	6,160,981	181,396	6,342,377

		2022f	2021 E
DUE WITHIN	ONE YEAR
Prepayments	and accrued income	337	4,437
		337	4,437

12.	Creditors: Amounts	falling due within one year
			2022	2021
				F
	Accruals and deferred	income	3,076	2,696
	Grants accrued - individual		5,790	5,590
	Grants accrued - institutional		4,850	4,850
			13,716	13,136

13.	Financial	instruments
					2022	2021
	FINANCIAL ASSETS
	Financial	assets measured	at amortised	cost	60,266	46,203

Statement offunds	(continued)
Statement offunds	- prior year
	Balance at			Transfers	Gains/	Balance at
1	June 2020	Income	Expenditure	in/out	(Losses)	31 May 2021
	E	E	E	F	E
UNRESTR'D
FUNDS
General Funds	1,281	154,468	(158,494)	5,000		2,255
ENDOWMENT
FUNDS
Endowment
Funds	5,751,658		(29,227)	(5,000)	632,554	6,349,985
TOTAL OF
FUNDS	5,752,939	154,468	(187,721)		632,554	6,352,240

Analysis of net assets between funds - curr	ent year
	Endowment	Unrestricted	Total
	funds	funds	funds
	2022 f	2022	2022
Tangible fixed assets		1,053	1,053
Fixed asset investments	6,342,377		6,342,377
Current assets	47,771	12,832	60,603
Creditors due within one year		(13,716)	(13,716)
TOTAL	6,390,148	169	6,390,317

	Endowment	Unrestricted	Total
	funds	funds	funds
	2021	2021	2021
			E
Fixed asset investments	6,314,736		6,314,736
Current assets	35,249	15,391	50,640
Creditors due within one year		(13,136)	(13,136)
TOTAL	6,349,985	2,255	6,352,240