2023-03-31-accounts - The Magdalen And Lasher Charity

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				Page
Reference and Administrative		Details
Report ofthe Trustees			2	to	4
Report ofthe Independent Auditors			5	to	8
Statement ofFinancial	Activities
Statement ofFinancial	Position			10
Statement ofCash Flows
Notes to the Statement	ofCash	Flows		12
Notes to the Financial	Statements		13	to	20
Detailed Statement of	Financial	Activities	21	to	22

			2023	2022
			Unrestricted	Total
			fund	funds
		Notes
INCOME AND ENDOWMENTS FROM
Investment income			528,922	517,915
EXPENDITURE ON
Charitable activities
Grants in Aid			657,168	359,951
Pensioner's Christmas	Bonus		5,940	5,520
HARC-Outreach worker			57,295	54,183
Governance Costs			2,952	2,664
Support Costs			33,414	29,711
Pensions			72 si80	63,340
Invesunent property cost			107,691	79,519
Total			937,040	594,888
Net gains/(losses) on investments			(393,7'77)	867,442
NET INCOME/(EXPENDITURE)			(801,895)	790,469
RECONCILIATION	OFFUNDS
Total funds brought forward			16,472,628	15,682,159
TOTAL FUNDS CARRIED FORWARD			15,670)733	16,472,628

				2023 8	2022f
Cash flows from operating	activities
Cash generated I'rom operations				(700,430)	(369,259)
Net cash used in operating	activities			(700,430)	(369,259)
Cash flows from investing	activities
Sale offixed asset investments				426,468
Dividends received				292,363	287,226
Net cash provided by investing		activities		718,831	287,226
Change in cash and cash equivalents			in
the reporting period				18,401	(82,033)
Cash and cash equivalents	at	the
beginning ofthe reporting	period			198,159	280,192
Cash and cash equivalents	at	the end	of
the reporting period				216,560	198,159

RECONCILIATION OFNET (EXPENDITURE)/INCOME	RECONCILIATION OFNET (EXPENDITURE)/INCOME	RECONCILIATION OFNET (EXPENDITURE)/INCOME	TO NET CASH FLOW FROM
OPERATING ACTIVITIES
			2023	2022
Net (expenditure)/income	for the reporting	period (asper the
Statement ofFinancial Activities)			(801,895)	790,469
Adjustments for:
Losses/(gain) on investments			393,777	(867,442)
Dividends received			(292,363)	(287,226)
Decrease/(increase) in debtors			3,553	(2,424)
Decrease in creditors			(3s502)	(2,636)
Net cash used in operations			(700,430)	(369,259)

5.	TRUSTEES' REMUNERATION	AND BENEFITS - continued	AND BENEFITS - continued
	TRUSTEES' EXPENSES
	During the year no Trustee has been	reimbursed	for expenses totalling anil (2022 - gnil).
6.	COMPARATIVES FOR THE STATEMENT		OFFINANCIAL ACTIVITIES
				Unrestricted
				fund
				8
	INCOME AND ENDOWMENTS	FROM
	Investment income			517,915
	EXPENDITURE ON
	Charitable activities
	Grants in Aid			359,951
	Pensioner's Christmas Bonus			5,520
	HAEC-Outreach worker			54,183
	Governance Costs			2,664
	Support Costs			29,711
	Pensions			63,340
	Investment property cost			79,519
	Total			594,888
	Net gains on investments			867,442
	NET INCOME			790,469
	RECONCILIATION OF FUNDS
	Total funds brought forward			15,682,159
	TOTAL FUNDS CARRIED FORWARD			16,472,628

FIXEDASSETINVESTMENTS	FIXEDASSETINVESTMENTS
			Listed
			investments
Market value
At 1 April 2022			10,659,523
Disposals			(444,917)
Revaluations			(375,328)
At 31March 2023			9,839,278
Net book value
At 31 March 2023			9,839,278
At 31March 2022			10,659,523
There were no investment	assets outside the UK.
Cost or valuation at 31March 2023 is represented		by:
			Listed
			investments
Valuation in 2022			10,214,606
Valuation in 2023			(375,328)
			9,839,278
INVESTMENT PROPERTY
Fair value
At 1 April 2022
and 31March 2023			5,609,500
Net book value
At 31 March 2023			5,609,500
At 31March 2022			5,609,500

9.	DEBTORS:	AMOUN	TS FALLING DUE W	ITHIN ONE YEAR
					2023	2022
	Other debtors				8,580	12,133
	Rent arrears				4,078	4,078
					12,658	16,211
10.	CREDITORSt AMOUNTS FALLING DUK			WITHIN ONE YEAR
					2023	2022
	Other creditors				1,000	1,000
	Unpaid grants				3,467	7,123
	Accruals and	deferred	income		2,796	2,640
					7463	10,765
11.	MOVEMENT IN FUNDS
					Net
					movement	At
				At 1.4.22	in funds	31.3.23
					5
	Unrestricted	funds
	General fund			16,472,628	(801,895)	15,670,'733
	TOTAL FUNDS			16,472,628	(801,895)	15,670,733

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
						5
Unrestricted		funds
General	fund		528,922	(937,040)	(393,777)	(801,895)
TOTAL	FUNDS		528,922	(937,040)	(393,777)	(801,895)

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
			8
Unrestricted		funds
General	fund		517,915	(594,888)	867,442	790,469
TOTAL	FUNDS		517,915	(594,888)	867,442	790,469

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
				8
Unrestricted		funds
General	fund		1,046,837	(1,531,928)	473,665	(11,426)
TOTAL	FUNDS		1,046,837	(1,531,928)	473,665	(11,426)

		2023	2022
		8
Unrealised
Revaluation	on fixed asset investments	(375,328)	(867,442)
Realised
Loss on disposal offixed asset investments		(18,449)
Total (Loss/(Gain)		~393777	~867 442

			2023	2022
INCOME AND ENDOWMENTS
Investment income
Rents received			236,559	230,689
Dividends			292463	287,226
			528,922	517,915
Total incoming resources			528,922	517,915
EXPENDITURE
Charitable activities
HAEC - Outreach	worker contribution		57,295	54,183
Pensioner's bonus			5,940	5,520
Pensions			72,580	63,340
Grants to institutions			657,168	359,951
			792,983	482,994
Investment property		cost
Insurance			3,673	11,761
Expenditure on properties			656	846
Rent collection			30,889	29,517
Property repairs			68486	35,275
Legal fees			4,187	2,120
			107,691	79,519
Support costs
Finance
Bank charges			613	667
Other support costs
Sundries			7,639	4,709
MdcL contribution	to	OHH office	5,032	8,353
MdtL contribution	to	OHH payroll	20,130	15,982
			32,801	29,044
Governance costs
Audit fees			2,952	2,664
Total resources expended			937,040	594,888
Net expenditure before gains and losses			(4081118)	(76,973)