## 

## 

## 

## 



|Structure,|Structure,|Governance<br>and Management|Governance<br>and Management|3to 6|
|---|---|---|---|---|
|Trustees'||report||7to 18|
|Trustees'||responsibilities|in relation to the financial statements|19|
|Auditor's||report||20 to 23|
|Audited|annual accounts|||24 to 44|





## 

## 

## 

## 



## 

|Professional<br>|advisors<br>&|agents|||
|---|---|---|---|---|
|Auditors||Bankers|A~tM||
|Griffin Stone Moscrop|&Co|HSBC|Brewin Dolphin||
|21-27 Lamb's Conduit|Street|69 Pall Mall|Floor||
|London WC1N 3GS||London SW1Y5EY|5 Callaghan|Square|
||||Cardiff CF10BBT||
|||NATWEST|||
|||9'" Floor, Bishopsgate|||
|||London EC2M 4RB|||
|IT/IS Consultants||Insurance<br>Consultants|HR Consultants||
|Tier One<br>Admiral<br>House||Marsh Commercial<br>1"Floor Gail House|WorkNest<br>PO 1051||
|Fleet||Lower Stone Street|Horsham||
|Gu51 4YA||Maidstone<br>ME15 6NB|West Sussex RH12 9WN||
|||Gallagher<br>7'" Floor|||
|||Temple Point|||
|||1 Temple Row|||
|||Birmingham<br>B25LG|||



## 



## 

## 



## 



## 

||F7,834,078|F10,461,903||E4,394,015|611,784,927|
|---|---|---|---|---|---|
|to|local charitable|to beneficiaries|of|to Campden|to beneficiaries of|
||organisations|pension<br>age||scholars S.other|working<br>age|
|||||young people||





## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 



## 



## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 



## 

## 

|PARTN|ERSHIP|FUNDING 2022-23||
|---|---|---|---|
||||E|
|Hestia|Housing|8 Support|48,000|
|NOVA|New Opportunities||68,000|
|Nucleus|||86,995|
|Turning|Point||44,000|
|Volunteer<br>Centre Kensington|||63,120|
||||310,115|





## 

|Al-Hasaniya<br>Moroccan||Women's|Women's|Centre||4,500|
|---|---|---|---|---|---|---|
|Clement James Centre||||||7,500|
|Colville Primary School||||||6,000|
|Community<br>Projects 4 All||||||40,500|
|Dalgarno<br>Trust||||||9,000|
|Educational<br>Event||||||1,500|
|Evolve Housing<br>and Support||||||4,500|
|Field Lane Foundation||||||9,000|
|Home Start Westminster||||||1,500|
|Kensington<br>8 Chelsea|CAB|||||7,500|
|Look Ahead<br>Housing|8|Care||||6,000|
|MINDS United<br>Football||Club||||1,500|
|Mongolian<br>Community||Organisation||||1,500|
|MO1YOUTHS<br>Limited||||||10,500|
|Octavia Foundation||||||7,500|
|Progressay<br>Impact||||||27,000|
|Response<br>Community||Projects||||7,500|
|Salvation<br>Army Housing|||Association|||15,000|
|SMART (St Mary Abbots|||Rehabilitation||and||
|training)||||||1,500|
|Shelter||||||1,500|
|St Giles Trust||||||1,500|
|The Persian Care Centre||||||1,500|
|The Space||||||1,500|
|West London Zone||||||1,500|
|||||||177,000|





## 

||||||||||||||||||||||||Cumulative|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||15/16|16/17|||17/18||||||18/19||||19/20|20/21|21/22|22/23||
||||||||||J|~|~|||j||~||||||||
|Individuals<br>who met basic criteria|||||||||||||||||||422||449|460|3,471|
|Initial home|visits||||||||||||||||||309||261|227|2,281|
|Other home|visits||||||||||||||||||367||341|608|3,080|
|No. ofgrants awarded||to new|||||||||||||||||526||346|499|3,528|
|beneficiaries||||||||||||||||||||||||
|No. ofnew|applicants|awarded||a|||||||||||||||287||250|259|2,104|
|grant||||||||||||||||||||||||
|*Sustaining|Employment||||||||||||||||||63||58|80|518|
|*Employment<br>Routes|||||||||||||||||||73||73|59|587|
|*Campden|Scholarship||||||||||||||||||32|||7|183|
|*Gateways|—unable to work||||||||||||||||||65||37|50|518|
|*Gateways|—preparing|to work||||||||||||||||||||15|96|
|*Young People's Grant|||||||||||||||||||45||62|48|214|
|Programme||||||||||||||||||||||||
|||||||~|g|~|i||~|||||||||||||
|Individuals|supported|into|||||||||||||||||182||99|119|970|
|training/study||||||||||||||||||||||||
|Individuals|completing||||||||||||||||||75||38|93|450|
|training/study||||||||||||||||||||||||
|||||||||||||~||||||||||||
|||||||||||||||||~||||||||
|Individuals|supported|into|||||||||||||||||19|||20|127|
|voluntary<br>work||||||||||||||||||||||||
||||||||||||||||||~|||||||
||||||||||||||||~|~||||||||
|New Scholars|||||||||||||||||||41||30|40|298|
|Students who progressed|||to the||||||||||||||||||16|14|49|
|Scholarship|Programme||from YPG|||||||||||||||||||||
|Continuing|Scholars||||||||||||||||||27||69|85|382|
|Scholars who graduated|||||||||||||||||||19||24|18|169|
||||||||~|~ ~||||~|4|||~ ~|~|~||||||
|New Students|||||||||||||||||||49||64|52|229|
|Continuing|Students||||||||||||||||||||49|48|127|
|Progressed|to Scholarship||||||||||||||||||||16|14|49|
|Programme||||||||||||||||||||||||





|||15/16|16/17||17/18|||18/19|19/20|20/21|21/22|22/23|cttyttttlatitta|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||Total|
|||||~ ~||~ '||~||||||
|Actively looking for work||~ ~|||||||148||139|189|1,134|
||||||~|||||||||
||||||~|||||||||
|Gained employment|||||||||82||47|64|470|
||||||||~|||||||
|||||||||~||||||
|Progressed|within the||||||||62||21|44|333|
|programme||||||||||||||
|Achieved sustainable|||||||||16|||17|89|
|employment||||||||||||||
|Progressed|within the||||||||84|||63|574|
|programme||||||||||||||
|Grants approved|||||||||2,292||1s785|2s105|16y204|
|Individuals|receiving a grant||||||||1,218||1t244|1t110|9607|
|Total amount|||||||||f1,912,487||f1,600,478|f'1,842,446|f12,876,788|





## 

## 

## 

## 



## 

## 

## 

## 

## 



## 



## 

## 

||||||Unrestricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||Funds|Funds|2023|2022|
|||||Note|f.|E|f|F|
|Income and endowments||from:|||||||
|Donations<br>and legacies|||||110||110||
|Charitable<br>activities|||||122,861||122,861|43,976|
|Investments||||||4,038,561|4,038,561|3,356,038|
|Other|||||5,024||5,024|5,932|
|Total income and endowments|||||127,995|4,038,561|4,166,556|3,405,946|
|Expenditure<br>on:|||||||||
|Raising funds|||||||||
|investment<br>management|||costs|||880,490|880,490|801,565|
|Charitable<br>activities|||||2,898,471||2,898,471|2,675,534|
|Other costs|||||308,305||308,305|303,510|
|Total resources expended|||||3,206,776|880,490|4,087,266|3,780,609|
|Net income/(expenditure)<br>before<br>other recognised<br>gains and losses|||||(3,078,781)|3,158,071|79,290|(374,663)|
|Net gains/(losses)<br>on investments||||13||(3,509,646)|(3,509,646)|7,702,819|
|Net income/(expenditure)|||||(3,078,781)|(351,575)|(3,430,356)|7,328,156|
|Transfer between<br>funds||||15|3,158,071|(3,158,071)|||
|Other recognised<br>gains/(losses):|||||||||
|Gains/(losses)<br>on revaluation|||of||||||
|operating<br>premises|||||||||
|Net movement<br>in funds|||||79,290|(3,509,646)|(3,430,356)|7,328,156|
|Reconciliation<br>offunds:|||||||||
|Total funds brought<br>forward|||||834,438|168,421,644|169,256,082|161,927,926|
|Total funds carried forward|||||913,728|164,911,998|165,825,726|169,256,082|





## 




## 

|||2023||2022|
|---|---|---|---|---|
|||E|||
|Cash flows from operating<br>activities:<br>Net cash used in operating<br>activities||(4,074,720)||(3,587,046)|
|Cash flows from investing<br>activities:|||||
|Dividends,<br>interest and rents from|||||
|investments|4,015,054||3,166,821||
|Purchase<br>of property,<br>plant and equipment<br>Proceeds from sale of investments|(77,996)<br>22,682,502||(14,816)<br>38,577,767||
|Purchase of investments|(22,704,446)||(38,905,618)||
|Net cash provided<br>by investing<br>activities||3,915,114||2,824,154|
|Cash flows from financing<br>activities:|||||
|Net cash provided<br>by (used in)|||||
|financing<br>activities|||||
|Change in cash equivalents<br>in the||(159,606)||(762,892)|
|period<br>Cash and cash equivalents<br>at f April||1,277,124||2,040,016|
|2022|||||
|Cash and cash equivalents<br>at31March<br>2023||1,117,5'I8||1,277,124|
|Reconciliation<br>ofcash flows from|||||
|operating<br>activities<br>Net incomel(expenditure)<br>for the year||(3,430,356)||7,328,156|
|Adjust for:<br>Depreciation<br>charges<br>(Gains)/losses<br>on investments||11,490<br>3,509,646||9,524<br>(7,702,819)|
|Dividends,<br>interest and rents from<br>investments||(4,038,561)||(3,356,038)|
|Loss/(profit)<br>on sale of fixed assets<br>(increase)/decrease<br>in debtors<br>Increase/(decrease)<br>in creditors||527<br>(181,419)<br>53,953||127,563<br>6,568|
|Net cash used in operating<br>activities||(4,074,720)||(3,587,046)|
|Analysis ofcash and cash equivalents<br>Cash in hand||105,720||66,640|
|Overdrafts|||||
|Cash equivalents<br>on deposits||1,011,798||1,210,484|
|Total cash and cash equivalents||1,117,518||1,277,124|





## 

|Analysis ofch|anges<br>in n|et debt||||||
|---|---|---|---|---|---|---|---|
|||At 1 April|Cash flows|New|Fair value|Other|At 31 March|
|||2022||finance|movements|non-cash|2023|
|||||leases||changes||
|||||||E||
|Cash||66,640|39,080||||105,720|
|Overdrafts||||||||
|Cash equivalents|on|1,210,484|(198,686)||||1,011,798|
|deposits||||||||
|||1,277,124|(159,606)||||1,117,518|
|Financial lease|obligations|||||||
|||1,277, 124~159,606|||||1,117,518|





## 

## 

## 

## 

## 

## 



## 

## 

## 

## 



## 

## 

## 



## 

||||||Unrestricted|Endowment|Total|
|---|---|---|---|---|---|---|---|
||||||Funds|Funds|2022|
|||||||E||
|Income and endowments|||from:|||||
|Donations<br>and legacies||||||||
|Charitable<br>activities|||||43,976||43,976|
|Investments||||||3,356,038|3,356,038|
|Other|||||5,932||5,932|
|Total income and endowments|||||49,908|3,356,038|3,405,946|
|Expenditure<br>on:||||||||
|Raising funds||||||||
|Investment<br>management||||costs||801,565|801,565|
|Charitable<br>activities|||||2,675,534||2,675,534|
|Other costs|||||303,510||303,510|
|Total resources expended|||||2,979,044|801,565|3,780,609|
|Net income/(expenditure)<br>before<br>other recognised<br>gains and losses|||||(2,929,136)|2,554,473|(374,663)|
|Net gains/(losses)|on investments|||||7,702,819|7,702,819|
|Net income/(expenditure)|||||(2,929,136)|10,257,292|7,328,156|
|Transfer between|funds||||2,554,473|(2,554,473)||
|Other recognised|gains/(losses):|||||||
|Gains/(losses))<br>on|revaluation|||of||||
|Operating<br>premises||||||||
|Net movement<br>in|funds||||(374,663)|7,702,819|7,328,156|
|Reconciliation<br>of|funds:|||||||
|Total funds<br>brought|forward||||1,209,101|160,718,825|161,927,926|
|Total funds carried forward|||||834,438|168,421,644|169,256,082|



## 

||Unrestricted|Endowment|Total|Unrestricted/|
|---|---|---|---|---|
||Funds|Funds|Funds|Total Funds|
||||2023|2022|
||||E|E|
|Donations|110||110||





## 

|||||Unrestricted|Endowment|Endowment|Total Funds|Unrestricted/|
|---|---|---|---|---|---|---|---|---|
|||||Funds||Funds|2023|Total Funds|
|||||||||2022|
|||||||||F|
|Relief of|Need||||||||
|Returned|grants|||122,861|||122,861|43,976|
|5<br>Investment||income|||||||
|||||Unrestricted|Endowment||Total Funds|Endowment/|
|||||Funds||Funds|2023|Total Funds|
|||||||||2022|
|||||E||F|E||
|Income from investment|||||||||
|properties<br>Income from listed||investments||||2,838,326<br>1,169,156|2,838,326<br>1,169,156|2,451,995<br>904,028|
|Interest income||||||31,079|31,079|15|
|||||||4,038,561|4,038,561|3,356,038|
|Operating|leases|||Not later than|one<br>year|Later than one<br>year and not later||Later than five<br>years|
|||||||than|five years||
|Investment|properties||on leases|1,057,955|||3,827,380|20,343,846|



## 

## 

|||Unrestricted|Endowment|Total Funds|Unrestricted/|
|---|---|---|---|---|---|
|||Funds|Funds|2023|Total Funds|
||||||2022|
||||||F|
|Charity discounts||5,024||5,024|4,000|
|Insurance|and other claims||||1,932|
|||5,024||5,024|5,932|





## 

||||Unrestricted|Endowment|Total Funds|Endowment/|
|---|---|---|---|---|---|---|
||||Funds|Funds|2023|Total Funds|
|||||||2022|
|||||||E|
|Property<br>management||fees||120,525|120,525|123,193|
|Legal fees||||2,468|2,468|8,343|
|Irrecoverable|VAT|||60,117|60,117|64,090|
|Property<br>management<br>expenditure||||508,791|508,791|388,881|
|Bad debt written<br>off||||13,801|13,801|10,425|
|Refurbishment|of properties||||||
|Investment<br>management<br>administration<br>costs||||174,788|174,788|206,633|
|||||880,490|880,490|801,565|



## 

|||Grant|Direct|Support|Total|Total|
|---|---|---|---|---|---|---|
|||funding<br>of|Services|costs|2023|2022|
|||activities|allocated|allocated|||
||||f.|E|E|E|
|Relief of Need||1,574,769|208,778|150,022|1,933,569|1,602,775|
|Advancement|of Education|603,833|211,048|150,021|964,902|1,072,759|
|||2,178,602|419,826|300,043|2,898,471|2,675,534|



|Direct Services costs|Direct Services costs|Relief of|Advancement|Total|Relief of|Advancement|Total|
|---|---|---|---|---|---|---|---|
|||Need|of Education|2023|Need|ofEducation|2022|
|||E||F|||F|
|Third party <br>Employment|training<br>costs|208,778|2,270<br>208,778|2,270<br>417,556|199,284|199,284|398,568|
|||208,778|211,048|419,826|199,284|199,284|398,568|
|Support costs||Relief of<br>Need|Advancement<br>of Education|Total<br>2023|Relief of<br>Need|Advancement<br>ofEducation|Total<br>2022|
|||F|f.|||E|E|
|Employment|costs|107,787|107,786|215,573|90,213|90,213|180,426|
|Office expenses||39,362|39,363|78,725|27,677|27,677|55,354|
|Depreciation|oftangible|2,873|2,872|5,745|2,381|2,381|4,762|
|fixed assets||||||||
|||150,022|150,021|300,043|120,271|120,271|240,542|





|Grant making||Grants to<br>institutions|Grants to<br>individuals|Total<br>2023|Grants to<br> institutions|Grants to<br>individuals|Total<br>2022|
|---|---|---|---|---|---|---|---|
|||E||E|E|F||
|Relief of Need||487,115|1,087,654|1,574,769|449,380|833,840|1,283,220|
|Advancement|of Education||603,833|603,833||753,204|753,204|
|||487,115|1,691,487|2,178,602|449,380|1,587,044|2,036,424|



## 

|||Unrestricted|Endowment|Endowment|Total|Unrestricted/|
|---|---|---|---|---|---|---|
|||Funds||Funds|Funds|Total Funds|
||||||2023f|2022|
|Governance costs:|||||||
|Employment<br>costs||165,681|||165,681|193,296|
|Establishment<br>costs||24,050|||24,050|22,869|
|Office expenses||64,156|||64,156|36,286|
|Irrecoverable<br>VAT||30,484|||30,484|17,194|
|Trustee expenses|||||||
|Auditors'<br>remuneration||8,000|||8,000|7,500|
|Legal and professional|costs|9,662|||9,662|21,603|
|Depreciation<br>of tangible|fixed|5,745|||5,745|4,762|
|assets|||||||
|||307,778|||307,778|303,510|
|Loss on disposals of <br>assets|fixed|527|||527||
|||308,305|||308,305|303,510|
|Operating<br>leases||Not later than|one<br>year|Later than one year<br>and not later than||Later than five<br>years|
||||||five years||
|Operating<br>equipment|||360||1,440||





## 

## 

|Net expe|nditu|re<br>is state|d after charging:|||
|---|---|---|---|---|---|
|||||2023|2022|
|||||E|E|
|Auditors'|remuneration||-audit services|8,000|7,500|
|Depreciation||of owned|assets|11,490|9,524|



## 

||||2023|2022|
|---|---|---|---|---|
||||No.|No.|
|Grant making|and advice to beneficiaries||11|11|
|Management|and administration|ofthe charity|4|4|
||||15|15|
|The aggregate|payroll costs of|these persons were as follows:|||
||||2023<br>F|2022f|
|Wages and salaries<br>Social security<br>Other pension costs|||668,572<br>65,081<br>65,157|686,569<br>55,581<br>30,140|
||||798,810|772,290|





|2023|2022|
|---|---|
|No.|No.|



## 

|2023|2022|
|---|---|
|No.|No.|



|670,000|-|F80,000|
|---|---|---|
|F90,000|-|F100,000|
|F170,000|—|F180,000|



## 

## 

|3<br>Gains/(l|osses)<br>on in|vest|ments||||
|---|---|---|---|---|---|---|
||||Unrestricted|Endowment|Total funds|Endowment/|
||||Funds|funds|2023|Total funds|
|||||||2022|
|Gains/(losses)|on disposal|of|||||
|investment<br>properties|||||||
|Gains/(losses)|on disposal|of||668,787|668,787|1,808,804|
|investments|||||||
|Gains/(losses)|on revaluation|||(3,530,626)|(3,530,626)|3,320,250|
|of investments|||||||
|Gains/(losses)|on revaluation|||(647,807)|(647,807)|2,573,765|
|of investment|properties||||||
|||||(3,509,646)|(3,509,646)|7,702,819|





## 


|||||||
|---|---|---|---|---|---|
|5|Transfer between funds|||||
|||||Unrestricted|Endowment|
|||||Funds|funds|
||||||E|
|Allocation||of the unapplied|total return|3,158,071|(3,158,071)|



## 

|16<br>Tangible fixed assets|||||
|---|---|---|---|---|
||Long leasehold|Plant and||Total|
||and other interests|machinery|||
||in land and|including|motor||
||buildings|vehicles|||
||||E||
|Cost or valuation:|||||
|As at 1 April 2022|2,241,693||100,911|2,342,604|
|Revaluation|||||
|Additions|53,877||26,373|80,250|
|Disposals|||(46,095)|(46,095)|
|As at 31 March 2023|2,295,570||81,189|2,376,759|
|Depreciation:|||||
|As at 1 April 2022|||87,604|87,604|
|On disposals|||(45,568)|(45,568)|
|Charge for the year|||11,490|11,490|
|As at 31 March 2023|||53,526|53,526|
|Net book values:|||||
|As at 31 March 2023|2,295,570||27,663|2,323,233|
|As at 31 March 2022|2,241,693||13,307|2,255,000|





## 

||Investment|Listed|Total|
|---|---|---|---|
||properties|investments||
||E|||
|Market value:||||
|As at 1 April 2022|95,571,738|71,078,467|166,650,205|
|Revaluation|(647,807)|(3,530,625)|(4,178,432)|
|Additions|1,606,997|23,442,061|25,049,058|
|Disposals||(24,297,995)|(24,297,995)|
|As at 31 March 2023|96,530,928|66,691,908|163,222,836|
|Net book value||||
|As at 31 March 2023|96,530,928|66,691,908|163,222,836|
|As at 31 March 2022|95,571,738|71,078,467|166,650,205|





## 

|Movements<br>in the Total Return<br>Fund|for the|yea|r:|||
|---|---|---|---|---|---|
|||||2023|2022|
|Opening<br>value of permanent<br>endowment<br>Less: amount<br>maintained<br>in permanent|endowment||fund|168,421,644<br>25,028,740|160,718,825<br>25,028,740|
|Unapplied<br>total return as at 1 April 2022||||143,392,904|135,690,085|
|Investment<br>return —net income/(expenditure)||||(351,575)|10,257,292|
|Allocation of unapplied<br>return||||(3,158,071)|(2,554,473)|
|Revaluation<br>of operating<br>premises<br>Unapplied<br>total return as at 31 March 2023<br>Add: amount<br>maintained<br>in permanent<br>endowment|||fund|139,883,258<br>25,028,740|143,392,904<br>25,028,740|
|Permanent<br>endowment<br>fund including<br>unapplied||total return||||
|as at 31st March 2023||||164,911,998|168,421,644|
|Statement of Unapplied<br>Total Return|since March 2009|||||
|Unapplied<br>total return<br>brought<br>forward<br>Total return<br>for the year||||99,091,414<br>(351,575)|91,388,595<br>10,257,292|
|Less: total return<br>applied<br>for the year||||(3,158,071)|(2,554,473)|
|Revaluation<br>of operating<br>premises||||||
|Unapplied<br>total return as at 31 March 2023||||95,581,768|99,091,414|
|18<br>Debtors||||||
|||||2023|2022|
|||||F|E|
|Other debtors||||355,934|194,048|
|Prepayments<br>and accrued income||||120,622<br>476,556|140,169<br>334,217|
|19<br>Current assets investments||||||
|||||2023|2022|
|||||E||
|Cash equivalents<br>on deposits||||1,011,798|1,210,484|





## 

|||2023|2022|
|---|---|---|---|
|||f.||
|Bank loans and overdrafts||||
|Grants payable||573,396|579,439|
|Other creditors||257,412|226,468|
|Accruals and deferred|income|478,647|446,774|
|||1,309,455|1,252,681|



|Deferred|income|reconciliation|2023|2022f|
|---|---|---|---|---|
|Balance|at 1 April||367,778|277,349|
|Amount|released|to income|367,778|277,349|
|Amount|deferred|in the year|404,130|367,778|
|Balance|at 31 March||404,130|367,778|



## 

||||||2023|2022|
|---|---|---|---|---|---|---|
||||||E|E|
|Multi-employer|pension|scheme|deficit|charges|4,962|7,783|





## 

## 

## 

||At1|April|Total income|Total|Net|gains/|Other|Transfer|At 31 INarch|
|---|---|---|---|---|---|---|---|---|---|
|||2022|and|expenditure||losses|recognised|between|2023|
||||endowments||||gains/|funds||
||||||||losses|||
|||E|F|E||E|E|||
|Unrestricted||||||||||
|Funds||||||||||
|Unrestricted||||||||||
|income fund|834,438||127,995|(3,206,776)||||3,158,071|913,728|
|Endowment||||||||||
|Funds||||||||||
|Permanent||||||||||
|endowment|168,421,644||4,038,561|(880,490)|(3,509,646)|||-~3,158,071|184,911,998|
||169,256,082||4,166,556|(4,087,266)|(3,509,646)||||165,825,726|
|25<br>Unrestricted||Funds||||||||
||||||||2023||2022|
||||||||F||F|
|General Reserves||||||||||
|At 1 April 2022|||||||834,438||1,209,101|
|From Advancement||of Education||525,|113|||77,677||
|To Pensions|and Relief of Need|||(445,823)||||(452,340)||
||||||||79,290||(374,663)|
|At 31 March|2023||||||913,728||834,438|



## 



## 

||||||2023|2022|
|---|---|---|---|---|---|---|
||||||f.||
|Pensions<br>and Relief of Need|||||||
|At 1 April 2022|||||||
|Moiety surplus<br>for|the year||||1,128,946|830,880|
||||||1,128,946|830,880|
|Less: Expenditure|on Pensions||and||||
|Relief of Need|||||1,574,769|1,283,220|
||||||(445,823)|(452,340)|
|Transfer<br>from general reserve|||||445,823|452,340|
|At 31 March 2023|||||||
|Advancement<br>of|Education||||||
|At 1 April 2022|||||||
|Moiety surplus<br>for|the year||||1,128,946|830,881|
||||||1,128,946|830,881|
|Less: Expenditure|on Advancement|||of|||
|Education|||||603,833|753,204|
||||||525,113|77,677|
|Transfer to general|reserve||||(525,113)|(77,677)|
|At 31 March 2023|||||||
|Summary<br>of Revenue Reserve|||||||
|At 1 April 2022|||||834,438|1,209,101|
|Profit/(loss)<br>for the|year||||79,290|(374,663)|
|At 31 March 2023|||||913,728|834,438|
|Trustees<br>have designated||the uses||ofthe|||
|Revenue Reserves to be:|||||||
|Contingency<br>against loss of income|||||833,728|754,438|
|Sinking<br>fund for equipment||replacement|||80,000|80,000|
|At 31March 2023|||||913,728|834,438|





## 

## 

|||Unrestricted|Endowment|Total Funds|
|---|---|---|---|---|
|||Funds|Funds|2023|
|||F|E||
|Tangible assets||27,663|2,295,570|2,323,233|
|Investments|||163,222,836|163,222,836|
|Current assets||2,200,482|(606,408)|1,594,074|
|Creditors: Amounts|falling due||||
|within one year||(1,309,455)||(1,309,455)|
|Creditors: Amounts|falling due||||
|after more than one|year|(4,962)||(4,962)|
|Net assets||913,728|164,911,998|165,825,726|



|||Unrestricted|Endowment|Total Funds|
|---|---|---|---|---|
|||Funds|Funds|2022|
||||E||
|Tangible assets||13,307|2,241,693|2,255,000|
|Investments|||166,650,205|166,650,205|
|Current assets||2,081,595|(470,254)|1,611,341|
|Creditors: Amounts|falling due||||
|within one year||(1,252,681)||(1,252,681)|
|Creditors: Amounts|falling due||||
|after more than one|year|(7,783)||(7,783)|
|Net assets||834,438|168,421,644|169,256,082|





## 

|||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|---|
|||||||||F||
|Financial assets that are debts instruments|||measured|||at fair||||
|value:||||||||||
|Listed Investments||||||||66,691,908|71,078,467|
|Financial assets that are debts instruments|||measured|||at||||
|amortised<br>cost:||||||||||
|Other Debtors||||||||355,934|194,048|
|Financial assets that are debts instruments|||measured|||at cost:||||
|Current Asset Investments|in Cash|||||||1,011,798|1,210,484|
|Cash at bank and<br>in hand||||||||105,720|66,640|
|Financial assets that are debts instruments|||measured|||at cost||1,117,518|1,277,124|
|Financial<br>liabilities measured<br>at amortised|||cost:|||||||
|Grants Payable||||||||573,396|579,439|
|Other Creditors||||||||257,412|226,468|
|Total financial<br>liabilities<br>measured||at amortised||cost||||830,808|805,907|
|Income, expense, gains or|losses,|including|changes|||in fair||||
|value, recognised<br>on:||||||||||
|Financial assets measured|at fair value|||||||(1,692,683)|6,033,082|
|Interest income||||||||31,079|15|
|Total income, expense, gains or losses, including<br>fair value|||||changes||in|(1,661,604)|6,033,097|