2023-06-30-accounts - Benevolent Society Of Blues

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					Note	Unrestricted	Restricted	2023	2022
						Funds	Funds	Total	Total
Iacome
Incoming resources of	a voluntary			nature:
Subscriptions including	tax recovered					27,470		27,470	28,195
Donations including tax	recovered					7,020		7,020	5,172
Legacies						28 224		2~8224	20000
						62 714		62 714	53367
Investment Income:
Distributions from investment Deposit interest		managers				108,368 2380		108,368 ~2380	58,109 189
						110748		110748	58 298
Total incoming resources						173462		173462	111665
Expenditure
Expenditure on charitable		activities:
Assistance for older beneficiaries						4,260		4,260	1,472
Grants to other beneficiaries						78,661		78,661	78,254
Support grants to pupils						73,721		73,721	65,679
Provisions for doubtful	loans					(99527		~9527	{44451
Total resources expended				2,3,4,6		147115		147115	140954
Net incoming resources						26,347		26,347	(29,289)
Net gains/(losses) on investment			assets		5,9	71,021	58,048	129,069	(204,483)
Net movemeat ia fuads						97,876	58,048	155,416	(233,772)
Fund balances brought	fomvard		at	IJuly 2022		2,186,320	1,653,954	3,840,274	4,074,046
Fund balances carried	forward		at 30June 2023		9	2,283,688	1,712,002	3,995,690	3,840,274

			BALANCE SHEET
			at 30June 2023
			Note	2023	2022
					f.
Fixed assets
Investments				3,806,599	3,677,530
Current assets
Loans				82,602	75,340
Cash balances				93,080	75,974
Debtors				29 754	27 121
				205,436	178,435
Less: Creditors		falling due within one year
Sundry creditors				(16,345)	(15,691)
Net current	assets			189,091	162,744
Net assets				3,995,690	3,840,274
Funds
Unrestricted				2,283,688	2,186,320
Restricted				1,712,002	1,653,954
Total funds				3,995,690	3,840,274

Types ofcharitable activity	Types ofcharitable activity	Types ofcharitable activity			Direct	Support	2023	2022
					assistance	costs	Total	Total
Grants to older beneficiaries			(age 60+)		2,474	1,786	4,260	1,472
Grants to other beneficiaries					45,685	32,976	78,661	78,254
Grants to current pupils					42,816	30,905	73,721	65,679
Loans (recovered)					(5,533)	(3,994)	(9,527)	(4,451)
					~85442	~61673	~147115	~140954
5. Investments
				01.07.22	Additions	Disposals	Gains/loss	30.06.23
						8	8	8
NON-ENDOWMENT	PORTFOLIO
Dimensional
UK Value				36,019	2,004	(2,669)	427	35,781
UK Small Companies				33,687	3,332	(1,207)	(491)	35,321
International Value GBP				375,202		(33,759)	22,105	363,548
Global Small Companies		GBP		360,052		(8,873)	22,179	373,358
Global Short Dated Bond		Fund GBP(Gross) 493,431			17,099	(12,521)	(5,292)	492,717
Emerging Markets Targeted			Value GBP	187,465	3,065	(3,242)	2,748	190,036
				1,485,856	25,500	(62,271)	41,675	1,490,761
Fidelity
Fidelity Index UK Fund	P (Acc)			57,710	60	(3,004)	4,368	59,134
Vanguard
FTSEDev World exUK				485,113	3,153	(12,110)	54,885	531,041
Emerging Markets Stock		Index21		118,021	8,682		(7,676)	119,027
				603,134	11,835	(12,110)	47,209	650,068
Cash realised					39,990		(39,990)
Non-Endowment total	r/f			~2146700	~77385	77 385	~53 263	~2199963


5. Investments (continued)
				01.07.22		Additions	Disposals			Gains/loss		30.06.23
				8							8	8
Non-Endowment portfolio b/f				2,146,700		77)385		(77,385)			53)263	2,199,963
ENDOWMENT PORTFOLIO
Jupiter
Merlin Balanced Portfolio				1,530,830		4,750					71,056	1,606,636
Cash invested								(4,750)			4,750
TOTAL				~3677 530		~82 135		~82 13		~129069		~3806599
Summary by sector
				01.07.22		Additions		Disposals		Gains/loss		30.06.23
						8					8
UK All Share				57,710		60		(3,004)			4,368	59,134
UK Smaller Companies				33,687		3,332		(1,207)			(491)	35,321
UK Value				36,019		2,004		(2,669)			427	35,781
MSCI Global Index		exUK		485,113		3,153		(12,110)			54,885	531,041
Global Value				375,202		0		(33,759)			22,105	363,548
Global Small Companies				360,052		0		(8,873)			22,179	373,358
Emerging Markets Global Short Dated	Bond Fund			305,486 493,431		11,747 17,099		(3,242) (12,521)			(4,928) (5,293)	309,063 492,717
Multi-Asset Funds				1,530,830		4,750					71,056	1,606,636
Net cash movements						39,990		(4,750)		(35,240)
TOTAL				3~677530		~82 135		~82 135		~129069		~3806599
The original costofthe investments				was $2,610,096(2022: $2,613,587).
6. Loans									2023			2022
									8			8
The movement	in loans was as follows:
Balance brought		forward	on 1	July in the year				75,340				80,316
Loans advanced		in the year						28,345				22,910
Loans repaid in		the year						(26,586)				(31,858)
Adjustment in provision			for loans unlikely to be recovered					5,533				2,570
Adjustments for		overpaid	loans and loans converted			to grants			(30)			1,402
Balance carried		forward	on 30June in the year					82,602				75,340
The dates for commencement				ofloan repayments	are not always		specified, nor		is the		rate ofrepayment normally		laid down.
The value ofloans expected to be repaid after more						than one year is		approximately		655,000		(2022:$55,000). All loans are
interest free.

The movem	ent in funds during	the year	was as follows:
			Unrestricted	Funds	Restricted Funds	Total Funds
			(Reser ves)		(Permanent Endowtnent)
			f.
Balances at I July 2022			2,186,320		1,653,954	3,840,274
Net surplus	before investment	gains	26,347			26,347
Investment	gains		71,021		58,048	129,069
Balances at 30 June 2023			2,283,688		1,712,002	3,995,690
The funds comprised:
Investments			2,199,964		1,606,635	3,806,599
Net current	assets		83,724		105,367	189,091
Total			2,283,688		1,712,002	3,995,690

Financial	Assets
Measured	at fair value through		SOFA:
					2023		2022
Fixed asset quoted		investments		3,806,599			3,677,530
Cash under management					74,732		49,783
Cash at	bank				18,348		26,191
Loan debtors					82,602		75,340
Accrued	income				29,754		27,121
Financial	Liabilities
Measured	at amortised cost:
Creditors &Accruals due within one year					16,345		15,691
The income, expenses, net gains and net losses attributable				to the Charity's	financial	instruments	are summarised	as
follows:
Income	and expense				2023		2022
					8		f.
Measured	at fair value	through SOFA:
Net gains/(losses)		on investments			129,069		(204,483)

	for the	five years ended 30June 2023	five years ended 30June 2023
INCOME	2023	2022 8	2021	2020	2019
Subscriptions Donations and legacies Distributions and interest	27,470 35,244 110,748	28,195 25,172 58,298	31,903 40,382 90,162	32,807 73,839 70,585	34,172 25,998 74,509
Total incoming resources	173,462	111,665	162,447	177231	134,679
EXPENDITURE
Assistance for older beneficiaries Grants to other benegciaries Support grants to pupils Loans unlikely to be recovered	2,474 45,685 42,816 (5,533)	850 45,040 38,060 (2,570)	2,195 23,177 42,565 20,334	1,650 19,081 59,863 12,674	2,686 20,428 23,703 816
Salaries and support costs Governance costs	85,442 55,373 6,300	81,380 53,974 5,600	88,271 59,269 5,000	93,268 39,348 5,000	47,633 32,802 4,600
Total resources expended	147,115	140,954	152,540	137,616	85,035
Net incoming resources	26,347	(29489)	9,907	39,615	49,644
Net gains/(losses) on investments	129,069	(204,483)	555,847	(144,905)	53,014
Net movement in funds	155,416	(233,772)	565,754	105,290	102,658