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|FIXEDASSETINVESTMENTS|2023|2022|
|---|---|---|
|QuotedlnvestmentsatMarketValue(Note|||
|2t5)|900,025|938,502|
|HeritageAssets(Furniture at cost)|22,798|22,799|
|CURRENTASSETS|||
|CashatBank|17,864|19,558|
|Ledger CashatBrokers (Deposit Account)|48,155|24,723|
|CURRENT LIABILITIES||(548)|
|NET CURRENTASSETS|66,019|43,733|
|NETASSETS|988,842|1,005,033|
|Represented by|||
|UNRESTRICTED FUNDS|988,842|1,005,033|



|INCOMEANDEXPENDITURE|20232022Restated|20232022Restated|
|---|---|---|
|lncomingResources|||
|lnvestmentlncome|46,399|45,539|
|lnterestonDeposit|355|75|
|TotalIncomingResources|46,744|45,614|
|ResourcesExpended|||
|Direct Charitable expenditure:Awards|3,400|20,131|
|Direct Charitable expenditure: Grants|24,747||
|lVlanagementandAdministration(Note4)|3,055|3,383|





|lnvestmentFees|900|900|
|---|---|---|
|Total ResourcesExpended|32jA2|24,414|
|NetlncomingResourcesFor TheYear|14,642|21,240|
|Other recognised gains and losses:|||
|Realised gainsoninvestment assets|||
|Unrealised (Losses)/Gainsoninvestment|||
|assets|(38,564)|(44,744)|
|NetMovement in Funds|(23,922)|(23,544)|
|Balance broughtforwardat1January 2023|1,012,764|1,036,309|
|Balance carriedfonrrrardat 31December|||
|2023|988,942|1,012,764|






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|2.Fixed asset investments|2023||2022||
|---|---|---|---|---|
|QUOTEDINVESTMENTS||t||t|
|Itlarketvalueat1stJanuary||938,502||983,246|
|Additionsat cost||0||0|
|Disposals||87||0|
|(Loss)/GainonRevaluation||(38,564)||(44,744)|
|llarketvalue at31stDecember||900,025||938,502|
|Historical cost||880,180||880,180|
|3.Trustees' emoluments||NIL||NIL|
|Noemoluments or expenseswerepaid toTrustees.|||||
|4. Management andAdministration|||||
|Accountancy||||400|
|Secretarial honorarium||2,423||3,000|
|Secretarial expenses||||31|
|Digital costs||385||288|
|Bank charges||50||(105)|
|Other admin costs||589||(231)|
|lnvestment fees||900||900|
|TotalManagement andAdministration||3,947||4,283|



## 

|||||Additions|
|---|---|---|---|---|
|Stock|Valueat31-<br>Dec2022(f)|Valueat5<br>Jan2o24(f)|Gain/loss)<br>(%)|cosU<br>(Disposal|
|||||Proceeds)|
|AXAFRAMLINGTON MANAGED|||||
|INCZ GROSSDIS|36,788|37,367|1.57%||
|A)(AFRAI\flLINGTONIVIONTHLY<br>INCOTUEZDIS|46,104|40,688|-11.75%||
|BLACKROCK ENERGY & RESINC<br>TSTPLC ORDGBPO.OI|53,000|45,920|-13.36%||
|BLACKROCKWORLDIVIINING<br>TRUST ORDGBPO.Os|49,420|41,090|-16.86%||





|BNYMELLONUKINCOIUE<br>INSTITUTIONALWDIS|73,536|75,994|3.34%||
|---|---|---|---|---|
|CHELVERTONUK DIVIDEND<br>TRUSTPLC ORDGBPO.2s|19,360|16,720|-13.64%|0|
|coLUNnBrATHREADNEEDLE(UK)|||||
|ICVCV CT RESPONSIBLEUK|32,596|33,215|1.90%|0|
|INCOTUE2DIS|||||
|CQS NATURAL RES GROWTH&<br>INCOME PLC ORDGBPO.2s|38,500|33,000|-14.29o/o|0|
|CQS NEWCITYHIGHYIELDFUND<br>LTDORDNPV|54,000|50,600|-6.30%|0|
|EVELYN PARTNERS SVS|||||
|DOWGATE UK NEW ECONOMIES|47,408|48,687|2.70%|0|
|BGBPDIS|||||
|HENDERSONDIVERSIFIEDINC<br>TRUSTPLC ORDGBPO,OI|70,500|70,000|-0.710/o|0|
|HENDERSON INTL INCOME<br>TRUSTPLC ORDGBPO.OI|22,969|20,857|-9.19%|0|
|INVESCO UKEQUIryHIGH<br>INCOT\,E UKYDIS|31,555|32,564|3.20o/o|0|
|IM&GEQUITIES INV FD FOR<br>CHARITIES|45,889|43,981|-4.16%|0|
|PRETVIIER I\IITON GLOBAL<br>RENEW.TSTPLC ORDGBPO.OI|39,000|29,625|-24.44%|0|
|PREMIERIVIITONTVIONTHLY<br>INCOTUECDIS|103,952|106,020|1.99o/a|0|
|ROYAL LONDON CORPORATE<br>BOND MDIS|29,024|30,248|4.224/o|0|
|CAZENOVECHARIryEQTY<br>VALUEADIS|91,600|98,248|7.260/o|0|
|SHIRESINCOTUEORDGBPO,sO|53,300|45,240|-15.20%|0|
|JPTVIORGANBRAZILINVTRUST<br>LIQUIDATION|30,000|||-87.39|
|Total|938,502|900,025|4.10%|-87.39|