2022-12-31-accounts

			Page
Report ofthe Trustees		1	to	3
Report ofthe Independent	Auditors	4	Io	5
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements		8	to	14

			2022	2021
			Unrestricted	Total
		Notes	fundf	funds 6
INCOME AND ENDOWMENTS	FROM
Donations and legacies			57,973	42,852
Other trading activities			8,005	5,286
Investment income			118,967	103,551
Total			184,945	151,689
EXPENDITURE ON
Raising funds			26,672	29,310
Charitable activities
Grants payable to individuals			77,950	55,300
Other			11,442	10,366
Total			116,064	94,976
Net gains/(losses) on investments			(481,065)	352,313
NET INCOME/(EXPENDITURE)			(412,184)	409,026
RECONCILIATION OF FUNDS
Total funds brought fonvard			4,154,004	3,744,978
TOTAL FUNDS CARRIED FORWARD			3,741,820	4,154,004

			2022	2021
			Unrestricted	Total
			fund	funds
		Notes	5	5
FIXEDASSETS
Tangible assets Investments		11 12	27 3,661,191	92 4,091,738
			3,661,218	4,091,830
CURRENT ASSETS
Stocks		13	2,865	3,524
Debtors		14	10,471	9,205
Cash at	bank		77,982	59,897
			91,318	72,626
CREDITORS
Amounts	falling due within one year	15	(10,716)	(10,452)
NET CURRENT ASSETS			80,602	62,174
TOTAL	ASSETSLESSCURRENT	LIABILITIES	3,741,820	4,154,004
NET ASSETS			3,741,820	4,154,004
FUNDS		16
Unrestdicted funds			3,741,820	4,154,004
TOTAL	FUNDS		3,741,820	4,154,004

	DONATIONS AND LEGACIES	DONATIONS AND LEGACIES
			2022	2021
			8	8
	Donated services		5,000	5,000
	Donations		39,930	26,072
	Fines received		300	410
	Legacies		12,668	11,370
	Framed Prints		75
			57,973	42,852
4.	OTHER TRADING ACTIVITIES
			2022 8	2021f
	Sales ofbadges		8,005	5,286
5.	INVESTMENT INCOME
			2022	2021
	Income from investments		118,967	103,551
6.	RAISING FUNDS
	Other trading activities		2022	2021
				8
	Purchases		3,251	2,247
	Investment management	costs	2022f	2021f
	Portfolio management		23,421	27,063
	Aggregate amounts		26,672	29,310
7.	CHARITABLE ACTIVITIES COSTS
				Grant
				funding of
				activities
				(see note
				8)f
	Grants payable to individuals			77,950

GRANTS PAYABLE
			2022	2021
			6	2
Grants payable to individuals			77,950	55,300
SUPPORT COSTS
			Governance
	Finance f	Other f	costs f	Totals f
Other resources expended	36	1,185	10,221	11,442

TANGIBLE FIXEDASSETS
	Fixtures
	and
	fittings	Equipment	Totals
	6	6	6
COST
At I January 2022 and 31 December 2022	328	3,287	3,615
DEPRECIATION
At 1 January 2022 Charge for year	328	3,195 65	3,523 65
At 31 December 2022	328	3,260	3,588
NET BOOK VALUE
At 31 December 2022		27	27
At 31 December 2021		92	92

FIXEDASSET INVESTMENTS
	Listed
	investments
MARKET VALUE
At 1 January 2022 Additions	4,091,738 413,959
Disposals Unrealised loss	(363,089) (481,417)
At 31 December 2022	3,661,191
NET BOOK VALUE
At 31 December 2022	3,661,191
At 31 December 2021	4,091,738

12.	FIXEDASSET	INVESTMENTS - continued
										2022	2021
										5	f
	In the UK									3,040,710	3,343,152
	Outside the UK									620,481	748,506
										3,661,191	4,091,738
	Cost or valuation		at 31 December			2022 is represented		by:
											Listed
											investments
											6
	Valuation in 2022										3,661,191
13.	STOCKS
										2022	2021
										2	f
	Finished goods									2,865	3,524
14.	DEBTORS:AMOUNTS			FALLING		DUE WITHIN	ONE YEAR
										2022	2021
										6	F
	Prepayments	and	accrued income							10,471	9,205
15.	CREDITORS:	AMOUNTS			FALLING DUE WITHIN ONE YEAR
										2022	2021
										2	F
	Other creditors									10,716	10,452
16.	MOVEMENT	IN FUNDS
										Net
										movement	At
									At 1/1/22 f	in funds 2	31/12/22 f
	Unrestdcted	funds
	General fund								4,154,004	(412.184)	3,741,820
	TOTAL FUNDS								4,154,004	(412,184)	3,741,820
	Net movement	in	funds,		included	in the above are as follows:
							Incoming		Resources	Gains and	Movement
							resources		expended 2	losses 2	in funds 5
	Unrestricted	funds
	General fund						184,945		(116,064)	(481,065)	(412,184)
	TOTAL FUNDS							184,945	(116,064)	(481,065)	(412,184)

Compar	atives	for movement in funds
				Net
				movement	At
			At 1/1/21	in funds	31/12/21
			6
Unrestricted		funds
General	fund		3,744,978	409,026	4,154,004
TOTAL	FUNDS		3,744,978	409,026	4,154,004

Compara	tive	net movement in funds	, included in the above are	as follows:
			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
			6	8	6	5
Unrestricted		funds
General	fund		151,689	(94,976)	352,313	409,026
TOTAL	FUNDS		151,689	(94,976)	352,313	409,026

A current year	12months and prior year 12	months combined position is as follo	ws:
			Net
			movement	At
		At 1/1/21 8	in funds F	31/12/22 f
Unrestricted	funds
General fund		3,744,978	(3,158)	3,741,820
TOTAL FUNDS		3,744,978	(3,158)	3,741,820

A current yea as follows:	r 12 months and prior	year 12months combined n	et movement in f	unds, included i	n the above a
		Incoming	Resources	Gains and	Movement
		resources	expended f	losses	in funds 8
Unrestricted	funds
General fund		336,634	(211,040)	(128,752)	(3,158)
TOTAL FUNDS		336,634	(211,040)	(128,752)	(3,158)