2023-07-31-accounts

	202t	2022	2021:	2020	2019
	Ê	C	f	f	î
RestrictedFund Grants
Gershom-ParkingtonFund			3,996		59,425
HenryWoodFund	t4,776	36,554	54,421		20,879
Members MemorialFund	22,OOO	184,518	209,800	7,4OO	L1,100
StanNewsomeFund	42,O42	20,700	16,950	2L,300	20,4OO
JohnBirchFund	11,815	58,467	10,961	6,311	8,51.0
Manning-Payne Bequest	t42,447
BreretonFund	675	2,77O		200	t45
	233,155	303,009	296,L28	35,2LL	L2O,459
Unrestr¡ctedFund Grants
PhilipandUrsula Jones Fund GeneralFund	39,535 363,230	49,265 424,978	3,000 294,950	540,083	354,626
	402,765	474,243	297,950	540,083	954,626
TotalGrants	635,920	777,252	594,078	575,294	475,085

GeraldBarnes	Peter Dickinson	John Ludlow
PeterBeaven	TerenceEdwards	DavidLumsden
CharlesBeldom	MichaelFreegard	PatriciaLynden
EJaneBennett	Joseph Giddis-Currie	Geoffrey Pratley
HeatherBirks	RachelGodlee	Catherine Smith
JamesBowmanCBE	Gwyneth Griffiths	Michele Strong
Colin Bradbury	Roger Groves	JohnPoole
Nigel BrownOBE	RuthHarteMBE	StephenRoberts
RJBuckley	JackieHartley	Katharine Thulborn
Leonard Byrne	Niel lmmelman	Judith Waddington
Alexander Cameron	MichaelJones	ChristopherWellington
BenedictCruft	Barbara Kellerman

	Unrestricted	Restr¡cted	Endowment	2023Total	2022Total
	funds	funds	funds	funds	funds
	f	f	f	f	f
lncome andendowments
from:
Donations and legacies	192,864	27,897		220,76L	524,550
Othertrading activities	5,360			5,360	600
lnvestments	1,059,286	to,843		r,o70,L29	977,626
Total	1,257,5LO38,740			L,296,2507,436,776
Expenditureon:
Raisingfunds	232,6L6		L,545	234,L6L	227,252
Charitableactivities	797,9L0	233,155		1,031,065	7,747,604
Total	1,030,526233,155		t,545	L,265,226	7,374,856
NetValuationgains/(losses)	(1,975,295)		(z2,4751	(L,997,77O1477,464
Transfersbetween funds
Net(expenditure)/income
for theyear/Net movement in funds	(L,748,3LL1	(L94,4L51(24,O2O)		11,966,7461533,384
Reconciliationof funds:
Totalfunds broughtforward	36,829,550553,845349,825			37,733,220	37,799,836
Totalfundscarriedforward	35,081,239359,430325,805			35,766,474	37,733,220

	2029	2422
	f	f
FixedAssets
lntangibleassets Tangibleassets	L05,626 t,524,6O2	89,573 2,832,872
lnvestments	33,435,835	34,228,776
Total fixedassets	35,065,063	37,150,561
CurrentAssets
Debtors	343,188	528,554
Shorttermdeposits	534,734	338,247
Cashinhand andatbank	22,545	12,270
Totalcurrentassets	900,467	879,465
Totalassets	35,966,530	38,029,626
Currentliabilities
Creditorsfallingduewithinoneyear	(200,056)(296,406)
NetCurrentAssets	700,4tL	582,659
TotalAssets lessCurrent Liabilities	35,766,474	37,733,220
Funds
Unrestricted funds	35,08L,239	36,829,550
lncluding revaluotiongoinsofî2,797,516(2022:f6,335,857)
Restrictedfunds	359,430	553,845
lncludingrevoluotiongainsoff0(2022:fO)
EndowmentFund	325,805	349,825
lncluding revaluationgainsoff72,637(2022:î34,377)
Total	35,766,474	37,733,220

					¡nvestment	Fund
	Balance 2022	lncome	Expenditure		gains (losses)	transfers	Balance 2023
Rest¡ictedfunds	E		f.	E	Ê.	ff
HenryWoodFund	38,378		L7,472	1t4,t76l.		-	42,074
Members'MemorialFund	15,531		16,996	.22,000ì-		-	10,527
The StanNewsomeFund	150,848		3,872	(42,o42l		-	1t2,678
BreretonFund	2,422			(67s)		-	t,347
JohnBirchFund	84s66			(L1,815)		-	72,75L
The Manning-Payne bequest	262,500				.742,4471		-
	553,845		38.740	{233,155)			359.430
Endowedfunds
BirchEndowmentFund	52,O28			(230)	(3,3421		48,456
Gershom-Parkington
EndowmentFund	297,797			(1,31s)	(19.133)		277,349
	349,825			(1,s4s)	122.4751		325.805
Unrestrictedfunds
PhilipandUrsula Jones Fund			I,497	(39,s3s)		38,038
Generalfunds	36.829.550	L,256,O!3		(990.9911	/,L.97s.29s1	138.0381	35,08L,239
	36,829,550L,257,5LO			(1,030,526)(L,975,2951			35,081,239
All funds	37.733.2201.296,250			Í.265.2261		.7.997.7701

		Unrestricted	Restricted	Endowment	Endowment	2023Total 2022Total
	Note	funds î.	funds ç"		funds f	funds f fundsr
lncome andendowments
from:
Donations andlegacies	2	L92,864	27,897			220,761 524,550
Othertradingactivities	3	5,360				5,360 600
lnvestments	4	1,059,286	10,843			1.070,129 977,626
Total		L,257,51O38,740				1.296,2507,436,776
Expenditure on:
Raisingfunds	5	232,6t6	-		1,545 234,L6L227,252
Charitable activit¡es	6	797,910	233,155		-	1,031,0657,747,604
Total		1,030,526233,155			1,5451",265,2267,374,856
Net Valuationgains/(losses)	24	(1,975,295)			1,22,4751	(t,997,77O1477,464
Net (expenditure)/income
for the year/Net movement infunds		1t,748,3111lL94,4L5l				(1,966.746'¡533,384
Reconciliation of funds:
Totalfunds brought forward		36,929,550553,845			349,825	37,733,22037,799,836
Total funds carriedforward		35,081,239359,430			325,805	35,766,47437,733,220

		Unrestrìcted	Restrîcted	Endawment	Endawment	2022Total	2O2tTotal
	Note	fundsr	lunds f		fundsr	tundsr	funds Ê
lncome ond endowments
from:
Donationsond legocies	2	235,578	289,032			524,550	584,872
Othertradingactivities	3	600				600	450
Investments	4	907,826	9,800			977,626	870,383
Total		7,137,944298,832				7,436,776	7,395,645
Expenditure on:
Raisingfunds	5	225,577	7L6		1,565	227,252	207,575
Choritoble octivities	6	843,757	303,853			7,747,64	7,527,979
Total		7,069,322303,969			7,5651,374,8s6		7,729,554
Net Voluationgains/(losses)24		469,930			7,534477,4645,477,A8A
Net íncomefartheyear		538,552	(5,737)		(31)	533,384	5,737,777
Tronsfers betweenÍunds	tg/20	22,000
Net incomefortheyear/Net movementinfunds		560,552(27,737)			(31)	533,384	5,737,777
Reconciliatìonoffunds:
Totalfundsbrought forvvørd		36,268,998580,982			349,856	i7,799,836	32,062,665
TotalfundscorriedJorword		36,829,550553,845			349,825	37,733,220	37,799,836

	Note	202?	2022
		f	f
Fixed Assets
lntangibleassets	t2	105,626	89,573
Tangibleassets	13	r,524,602	2,8i2,872
lnvestments	74	33,435,835	34,228,776
Total fixedassets		35,066,063	37,750,567
CurrentAssets
Debtors	15	343,188	528,554
Shorttermdeposits		534,734	338,247
Cashinhandand at bank		22,545	12,270
Total currentassets		900,467	879,065
Totalassets		35,966,530	38,029,626
Currentliabilities
CreditorsfallingduewithÍnoneyear	16	(200,056)	(296,406)
NetCurrent Assets		7AO,4tl	582,659
TotalAssets lessCurrentLiabilities		35,766,474	37,733,220
Funds
Unrestricted funds		35,081,239	36,829,55A
lncluding revøluøtion gainsoff2,797,576 PA22:86,335,857)	24
Restrictedfunds	19	359,430	553,845
lncludingrevaluationgainsofl0(2022:f0)	24
EndowmentFund	18	325,805	349,825
lncludingrevaluotiongainsoff72,637pA22:Ê34,377)	24
Total		35,766,474	37,733,220

		2023Total	2O22Totøl
	Note	funds	funds
		f	f
Cashflowsfromoperating activities:
Netcashprovidedby(usedin	operating activities	22	(973,258)
Cashflowsfrominvestingactiuities:
Dividends,interestand rentsfrominvestments	4	1,103,324	977,626
Purchaseofintangible fixedassets	t2	{34,383)
Purchaseofproperty,plantandequipment	13	{1,565)	(7,565)
Proceedsofsaleof investments	L4	7,453,876	5,947,413
Purchaseofinvestments (includinginstruments)	L4	{.7,t13,8631	(6,707,745)
Purchaseofcurrency	t4	(558,612)	(750,568)
Proceedsofcurrencyexchange	T4	559,863	750,071"
Foreign currencygains(losses)	t4	(46,786ì.	54,737
Net6ashprovidedby investingactivities		1,361,954	803,963
Totalchangeincashandcash equavalentsinthereporting period		388,596	(333,030)
Cashandcashequivalentsatthebeginning ofthereporting period		1,300,675	7,633,705
Cashandcashequivalentsattheendofthereporting period		t,6gg,27t	7,300,675
Cashandcashequivalentscomprise:
Heldas¡nvestments
Cashdepositheld by broker	15	L,13L,992	950,764
Heldascurrentassets
Shorttermdeposits		s34734	338,247
Cashin handandatbank		22,545	72,270
		1,689,271	7,300,675

	Forthe yearended31'	t July2A23(Continued)
2.	Donations and legacies	2023	2022
		r	f
	Donations*	82,LL7	784,333
	Membership subscriptions**	75,875	37,568
	Cift Aid-tax recovered	6,677	9,397
	Legacies	56,092	299,262
		220,76L	524,550

3.	Othertradingactivities	202t	2022
		f	Ê
	Handel Roomhire	t25	450
	Sundry sales		750
	Otherincome*	5,235
		5,360	600

4,	lnvestment income	202¡, f	2022r
	Dividends-quotedinvestments	901,133	803,364
	Property income	163,054	707,929
	Bank anddeposit interest	5,942	333
		L,O7t,L29	977,626
5.	Costsofraisingfunds	2023	2022
		f	f
	lnvestmentmanagementcharges	128,43O	728ßA8
	Fundraisingexpenses	2,866	343
	Advertising and events	6,3L2	4,083
	Property costs	47,4L6	50,798
	Support costs(seenote8)	49,137	43,720
		234,161	227,252
6.	Charitableactivities	2023	2022
		f_f
	Grants(seenote7)	635,920	777,252
	Caseworkcosts (includingsalaries)	t3t,478	727,786
	Membershipand communications	12,150	9,666
	Support costs(seenote8)	25L,5t7	238,900
		L,O3L,065	1,U7,6U

	Fortheyeare	nded31st	Jul	y 2023(Co	ntinued)
7.	Grants				2023	2022
					f	f
	Grantstomembersandtheirfamilies				68,697	76,348
	Grantstonon-members				567,223	700,9a4
					635,920	777,252
	All grants are madetoindividuals
8.	Support costs	Charitable actívities	Raisingfunds		Total2023	Totøl 2022
		ffff
	Staffcosts {seenote10) Depreciation& impairments	94,444 L8,346		29,366 2,639	t2z,gL0 20,984	94,633 27,A96
	Premisescosts	25,274			25,274	23,900
	Officecosts	30,632		8,005	38,637	37,877
	Archive andcollection	L2,657		-	t2,657	77,742
	Othercosts Governance(seenote9)	5,152 65,OL2		779 g35A	5,930 74,362	70,560 76,979
	Total	25t,5t7		49,137	300,654	282,620
	Totolin2022	238,900		43,720	282,624
9.	Governance				202?t	2022
					f	f
	Meetingandtravelexpenses				2,489	2,593
	Governors'traininganddevelopment				95	5,460
	Audit				17,355	77,479
	Compliance				5,590
	Legaland professionalfees				12,607	4,569
	Apportioned runningcosts				9,989	75,345
	Staffcosts (seenote10)				26,248	37,442
					74,362	76,979
10.	Staffcosts Gross pay				2023 î_r 225,852	2022 200,557
	Employer pensioncontributions				5,533	4,975
	EmployerNationallnsurancecontributions				24,47L	77,695
					251,856	223,227

Charitableactivities	197,242	L68,497
Raisingfunds	29,366	23,282
Governance	26,249	37,442
	251,856	223,227

lntangible fixedassets
	Software
Cost	f
Atthebeginningofthe year	r48,921
Additions	34383
Atend ofyear	183,304
Amortization
Atthebeginningofthe year	59,348
Chargefor the year	18,330
At theendoftheyear	77,678
Net bookvalue
Attheendoftheyear	105,626
Atthebeginningof theyear	89,573

13.	Tangiblefixedassets	Freehold land and	Furn¡ture and effertsofân	Furnlture and
		buildings	apprecladng nature	equlpment	Total
	Cost orvaluation	f	f	f.	f
	Atthebeginningofthe year	2,100,000	713,259	92,967	2,9A6,126
	Additions			1,565	1,565
	Disposals			(6,040)	(6,040)
	Transfertoinvestment property	(L,256,409)			(1,256,409)
	Revaluation gains(losses)	(48,330)			(48,330)
	At the endoftheyear	795,26L	713,259	88,392	1,596,912
	Depreciationandimpairments
	Atthebeginningof theyear		22,380	50,874	73,254
	lmpairments
	Depreciation			5,096	5,096
	Depreciation released ondisposal			(6,040)	(6,040)
	At the endoftheyear		22,380	49,930	72,3!0
	Net bookvalue
	At the endoftheyear	795,26t	690,879	38,462	r,524,602
	Atthebeginningof theyear	2,1o0,ooo	690,879	41,993	2,832,872

Colin Coleman.The originalcost o weref673,7t!(2O22: î673,7t11.	fthese itemswases	timatedtobef22	,000.Un	realised reva	luationgain
		Fu¡niture ønd
	Freeholdiondond	efiecls ofan	FurnÍture and
Prlor period	buildinss	oppreciotngtsture	equipment	Total
Costorvøluøtion	f	Ê	E	f
Attheheginningoftheyear	2,000,000	774,391		9L342	2,805,693
Additions		2,040		7,565	3,565
Disposals		(3,732)			(3,732)
Revaluotion gains	100,a00				700,000
Atthe endaftheyeor	2,700,000	773,259		92,867	2,906,126
Depreciatíonønd ímpoírments
Atthebeginningoftheyear		78,680		47,060	59,740
lmpoirments		3,704			3,700
Depreciation				9,874	9,874
Attheendoftheyeor		22,380		50,874	73,254
Net hook vølue
Atthe endoftheyear	2,700,000	694,879		47,993	2,832,872
Atthebeginningoftheyeor	2,000,000	695,777		50,242	2,745,953

.Tangiblefixedassetslcontínued) Freehold landand buildings
	Operational property
	Buildings	Operational land Total		lnvestment pfoperty
	f	f	f	f
Valuationbrought forward	L,4O7,OOO	693,000	2,1OO,0oo	'3,150,000
Reclassificationonchangeofuse	184L,794)	(414,615)	(L,256,409)	t,256,409
Valuationgaíns (losses)	{32,381)	(15,949)	{48,330)	(L3t,67Ol
Valuation at31st July2023	532,825	262,436	795,26t	4,274,739

Investmentscomprise:	Investmentscomprise:	Market value	Cost
		2023 2022 f.Ê	2423 f	2A22 f
(a)	Quotedlnvestments	27,093,73229,074,456	21,1L0,276	20,878,769
{b)	lnvestmentproperty	4,274,7393,754,000	3,65o,ooo	3,650,000
(c)	FinelnstrumentTrusts	2,067,3642,003,660	L,434,L76	776
		33,435,83534,228,776	26,L9A,452	25,885,545

powers available under the Trustee Act2000.
		2023	2422
		f.f
Marketvalue broughtforward		28,L24,29227,892,348
DisposalsatopenÍngbookvalue		(7,84L,9O2)(5,479,455)
Proceeds87,453,876,lossf 61,626
(2O22:proceeds f5,941,413,gainf461,958)
Additions at cost*		7,LL3,863	6,707,745
Netgainsonrevaluationattheendof theyear		(1,434513)(390,346)
Market valueattheend oftheyear		25,96L,74029,724,292
Cashforming partoftheinvestmentportfolio**		1.,131,992	950,764
Totalquotedinvestments atmarketvalue		27,093,73229,074,456
Historical costoflisted investmentsattheendoftheyear		21,LL0,27620,878,769
Unrealisedgains attheend ofthe year		4,851,464	7,305,523
lncluding unittrustequalisation of: lncludingunrealised foreign currencygains {losses)of: *lncludingrealisedforeignexchange gains (losses)of:		{41e) (45,535) L,25L	54,234 (4s7)
Allocationofquoted investments
between funds Market value Morketvalue		Cost	Cost
2023r	2022 f	2023 f_	2022 f
Endowment funds:
BirchEndowmentFund 48,456	52,028	37,755	37,255
Gershom-ParkingtonendowmentFund 277,349	297,797	216,098	273,237
Unrestricted funds:
GeneralFund 26,767,92728,724637		20,856,42320,568,277
27,093,73229,074,456		2L,LLA,27620,878,769

	Market value	Morketvolue
	2023	2022
	î.	Ê
Market value atthebeginning of theyear	2,003,660	7,799,047
Additions	13,400	720,000
Net gainsonrevaluationattheend oftheyear	50,304	95,619
Market valueattheend ofthe year	2,0673,642,003,660
Historical costattheendoftheyear	L43A,1767,476,776
Unrealisedgainsattheendof theyear	623,788	586,884

NameofTrust	lnstrument	RSMshare	User
Berridge-Galliano	Cello	7150%	Ms CaraBerridge
TheGodlee-Tecchler	Cello	7A.13%	Ms SineadO'Halloran
The Hancox-Sacconi	Violin	77.28%	MrBen Hancox
The Dawson-Sacconi	Violin	8039%	MsHannah Dawson
TheMorgan-Rocca	Violin	76.68%	MrDarraghMorgan
TheCruft-Grancino	Cello	58.t8%	MrBrian O'Kane
WilliamForstercello*	Cello	too%	MrBenTarlton
Grandjonviolin*	Violin	LOO%	MsAaliyah Booker
Voightviola*	Viola	LOO%	MsVictoria Stephenson
Tunnicliffebow*	Bow	1.OO%	None

15.Debtors	2023	2022
	î	f
Prepayments	t2,542	25,409
Accruedincome*	228,324	430,948
Otherdebtors	ro2,322	72,237
	343,188	528,554

Creditors
Creditorsfallingduewithinoneyear	2023 f	2022 Í
Grants payable	126,595	783.692
Tax,national insurance and pensioncontributions	L,7L6	230
Deferred lífe membership subscriptions income*		46,775
Deferredrentalincome	16,610	70,a47
Accruals	28,759	30,606
Tradecreditors	26,O76	24,947
Other creditors	300	725
	200,056	296,406

understoodbymemberstobe Movementindeferred income	non-refundable.	non-refundable.
	2s23		2022
		Membership		MembershÍp
	Rentalincome	subsincome	Rentøl incame	subsincome
	f	f	f	f
At1stAugust2D22	10,041	46,775		43,090
Releasedduringtheyear	(10,041)	146,7751		(2,680)
Deferredinyear	16,610		70,041	6,375
At31st July2023	16,610		70,047	46,775

Endowmentfunds
					lnvestment
		Balance			gains	Balance
Currentyear		2022	lncome	Expenditure	(losses)	202t
		c	€	r	f	f
Birchfund	L	52,O28		(230)	(3,342)	48,456
Gershom-Parkingtonfund	2	297,797		(1,315)	(19,133)	277,349
		349,825		{1,545)122,4751		325,805
					Investment
		Ealance			gaíns	Balance
Prioryear		2027	lncome	Expendlture	(lossesJ	2022
		f	E	f	Ê	Ê
BirchEndowmentFund	7	52,033		(233)	228	52,028
Gershom-Parkington EndowmentFund	2	297,823			7,306	297,797
		349,856		(7,s6s)	7,534	349,825

		Balance			Fund	Balance
Currentyear		2022	lncome	Expenditure	transfers	2023
		f	f	f	f	f
HenryWoodFund	2	38,378	L7,872	(r4,7761		42,074
Members'MemorialFund	3	15,531	16,996	(22,0O0)		10,527
The StanNewsomeFund	4	150,848	3,872	(42,O42)		7!2,678
BreretonFund	5	2,422		{67s)		1,347
JohnBirch Fund	6	84s66		(11,815)		72,751-
The Manning-Payne bequest	8	262,500		t42,4471		120,053
		553,845	38,740			359,430

			Bdldnce			Fund	Bolønce
Príoryear			2027	lncomeExpenditure		transferc	2422
		Ê	f	f	f	f
Gershom-Porkington(lncome)	1		3,774			(3,774)
HenryWoodFund	2		60,244	72,534	(37,574)	3,774	38,378
Members'MemorialFund	J		77&666	27,383	(184s18)		75,537
The Ston NewsomeFund BreretonFund	4 j		769,L33 4,792	2,475	(20,700) (2,770)		754,848 2,022
John BirchFund	6		743,033		(58,467)		84,566
Philip andUrsula JonesFund	7		22,000			(22,Ooo)
TheManning-PayneBequest	I			262,500			262,s00
			584,982	298,832	(303,969)	{22,A00J	553,845

Unrestricted funds
				lnvestment
	Balance			gains	Fund	Balance
	2022	lncome	Expenditure	(lossesl	transfers	2A23
	f-	E	f	f	r.	r
Generalfunds	36,829,550	1,256,013	{990,991)	(L,975,2951	(38,038)	35,081,239
Designatedfunds
Philip andUrsula Jones Fund		1,497	(39,535)		38,038
Totalunrestricted funds	36,829,550	L,257,510	{1,030,526)	(1,975,295)		35,081,239
				tnvestment
	Balance			goins	Fund	Balance
Prioryeor	2027 r	IncomeExpendlture fÊ		(losses) f	tronsters r	2022 f
Generaltunds	36,269998	7,737,229	(7,O2O,O57)	469,930	p6,55A)	36,929,550
DesÍgnøtedtunds
Philip ondUrsula JonesFund		77s	(49.26s)		48,550
Total unrestrictedfunds	36,268,998	7,737,944	u,A69,322)469,930		22,000	36,829,550

Analysisofnetassetsbetween funds
	Unrestricted	Restricted	Endowment
Currentyear	funds	funds	funds	Total funds
	f	f	f	f.
Intangible fixedassets	105,626			105,626
Tangible fixedassets	7,524,602			L,524,602
lnvestments	33,110,030		325,805	33,435,835
Currentassets	507,548	392,919		900,467
Current liabilitÍes	(166,567)	{33,489)		{200,056)
lnterfundbalances
Totalnetassets	35,091,239359,430		32s,80s	35,766,474
Unrealisedgains(losses)included aboveon
investmentsat31'tJuly2023	!1,!92,886		4L,675	11,234,561
Revaluationgains (losses) ontangible fixed
assets	(2,38!,1621			(2,391.,162)
	Unrestricted	Restrîcted	Endowment
Prior year	lunds	lunds	lunds	Totalfunds
	E	r	f	f
Intangiblefixedøssets	89,573			89,573
Tangiblefixedossets	2,932,872			2,932,972
Investments	33,878,297		349,825	34,228,776
Currentøssets	305,394	573,671		879,065
Current liabilities	(276,580)	(19,826)		(296,406)
lnterfundbolances
Totalnet ossets	36,829,550553,845		349,825	37,733,220
Unrealisedgains (losses)included aboveon
investmentsot37stJuly2022	77,480,084		59,482	77,539,56b
Revaluotion gains(losses)on tangiblefixed
nssets	(7,076,423)			{7,A76,423)

	2023	2022
	f	f
Netincomefor the reporting period
(as perthe stâtementof financial activities)	/'1,966,7461	533,384
Adjustmentsfor:
Depreciationcharges	5,096	9,974
Amortizationcharges	19,330	74,992
Lossondisposalof fixedassets		3,732
lmpairmentlosses		3,700
Donated items	{13,400)	(122,000)
(Gains)orlosseson investments	L,997,77O	(477,4æ)
Dividends,interestandrentsfrominvestments	(1,070,129)	(977,626)
(lncrease)ordecreaseindebtors	752,L7t	(262,260)
lncreaseor(decrease) increditors	(96,350)	65,435
Netcashprovided by(usedin)operatingactivities	(973,2s8)	(7,736,993)

	202?	2022
	E	f
Withinoneyear	56,185	39,083
Betweentwoandfiveyears	t38,242
	194,427	39,083

	Fort	heyear en	ded 31't Jul	y2023(Co	ntinued)
24.Movement in revaluationreserves
	Unrestricted	Restricted	Endowment		Unrestrícted		Endowment
Reseruesbrought forurard	funds f	funds f	funds f	2023total f	funds ß	Restríctedfunds E	lunds Ê	2022totøl E
lnvestments	7,325,396		34,371	7,359,767	8,774,639	294858	38,472	8,447,968
lnstruments	5g6,gg4			586,884	497,265			491,265
Appreciatingassets	673,7Ll			673,7It	673,777			673,777
Property	(2,2s0,134)			(2,2s0,134)	(2,500,734)			(2,sa0,134)
	6,335,857		34,371	6,370,228	6.779.480	294.8s8	38,472	7.112.810
Movementinthe year
Rebalancìngthe investmentportfolio					294,858	(294,858)
Unrealised ¡nvestment gains(losses)	(L,462,2411		(!7,8071	(1,480,048)	(332,012)		(4,101)	(3i6,113)
lnvestmentgains(losses)released on disposal	(t,6t2,6701			(1,6t2,670l,	(752,088)			(752,088)
UnrealisedInstrumentgains(losses)	50,304			50,304	95,679			95,619
Unrealisedpropertygains{losses}	(180,000)			(180,000)	25O,OOO			250,O00
Unrealised gains(losses)on appreciatingassets
	(3,204,6071		(77,8A71	ß,222.4t41	(443,623)	(294,858)	(4,101)	(742.s82)
Reservescarried forurard
lnvestments	4,25O,495		16,564	4,267,O49	7,325,396		34371	7,359,767
lnstruments	637,188			637,188	586,884			586,884
Appreciatingassets	673,7tL			673,7Ll	673,771			673,777
Property	(2,430,134)			(2,430,t341	p,25A,ß4)			(2,250,134)
	3,131,250		16,564	3.t47.81"4	6,335,857		34,371	6374,228
Reported onthe StatementofFinancial Act¡v¡t¡es
Unrealised gains(losses)
lnvestments	(1,462,2411		í7,8A71	(1,480,049)	(332,072)		(4,101)	(336,113)
lnstruments	50,304			50,304	95,619			95,679
Appreciatingassets
Property	(180,000)			(180,0001	254,400			250,000
Total unrealised gains(losses)	(1,s91,937)		ft7,8t71	ß.609.7441	73,607		(4,101)	9,506
Realisedgains(losses)on investments	(383,358)		(4,6681	(388,026)	456,323		5,635	467,958
Total reportedgains(losses)	(1,975,295)		(72,4751	(L,997,7701	469,930		7,534	477,464