||||Page||
|---|---|---|---|---|
|Reference and Administrative<br>Details|||||
|Report ofthe Trustees||2|to|3|
|Independent<br>Examiner's<br>Report|||||
|Statement ofFinancial|Activities||||
|Balance Sheet|||||
|Notes to the Financial|Statements|7|to|12|
|Detailed Statement of|Financial Activities||13||





|TRUSTEES|Mrs RJCadbury|
|---|---|
||Mrs P JRichmond-Watson|
||Mrs IJWilliamson|
|PRINCIPAL ADDRESS|Curo House|
||Greenbox|
||Westonhall<br>Road|
||Brom sgrove|
||Worcestershire|
||B604AL|
|REGISTERED CHARITY NUMBER|211533|
|INDEPENDENT EXAMINER|PSAccounting|
||41 Sycamore Drive|
||Hollywood|
||Birmingham|
||B475QX|
|BANKERS|HSBC Bank Plc|
||11Victoria Square|
||Droitwich<br>Spa|
||Worcestershire|
||WR9 8DH|
|INVESTMENT MANAGERS|Canaccord<br>Genuity|
||Slip House|
||Princess Drive|
||Worcester|
||WR1 2AB|





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|GNC Trust<br>The||||||
|---|---|---|---|---|---|
|Statement ofFinancial|Activities|||||
|for the Year Ended 31|December 2022|||||
|||||2022|2021|
|||||Unrestricted|Total|
|||||fund|funds|
||||Notes|||
|INCOME AND ENDOWMENTS||FROM||||
|Investment<br>income||||41,676|41,838|
|EXPENDITURE ON||||||
|Charitable<br>activities||||||
|Medical causes||||7,000|6,000|
|Culture k The Aits||||||
|||||21,600|13,500|
|Religious Interests|||||3,000|
|Social Welfare||||3,800|2,000|
|Smaller grants under f.1,000||||6,231|6,600|
|Other||||3,231|3,447|
|Total||||41,862|34,547|
|Net gains/(losses)<br>on investments||||(158,294)|102,771|
|NET INCOME/(EXPENDITURE)||||(158,480)|110,062|
|RECONCILIATION|OF FUNDS|||||
|Total funds brought<br>fonvard||||1,268,295|1,158,233|
|TOTAL FUNDS CARRIED FORWARD||||1,109,815|1,268,295|





|||2022|2021|
|---|---|---|---|
|||Unrestricted|Total|
|||fund|funds|
||Notes|||
|FIXEDASSETS||||
|Investments||1,048,776|1,214,810|
|CURRENT ASSETS||||
|Cash at bank||64,189|56,925|
|CREDITORS||||
|Amounts<br>falling due within one year||(3,150)|(3,440)|
|NET CURRENT ASSETS||61,039|53,485|
|TOTAL ASSETSLESSCURRENT||||
|LIABILITIES||1,109,815|1,268,295|
|NET ASSETS||1,109,815|1,268,295|
|FUNDS||||
|Unrestricted<br>funds||1,109,815|1,268,295|
|TOTAL FUNDS||1,109,815|1,268,295|






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|INVEST|MEN|T INCOME|||
|---|---|---|---|---|
||||2022|2021|
|Dividends|and|interest|41,676|41,838|



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|COMPARATIVES FOR THE ST|ATEMENT OF FINANCIAL ACTI|VITIES|
|---|---|---|
|||Unrestricted|
|||fund|
|INCOME AND ENDOWMENTS|FROM||
|Investment<br>income||41,838|
|EXPENDITURE ON|||
|Charitable<br>activities|||
|Medical causes||6,000|
|Culture 8:The Arts|||
|||13,500|
|Religious Interests||3,000|
|Social Welfare||2,000|
|Smaller grants under K1,000||6,600|





## 

|4.|COMPARATIVES F|O|R THE STATEMENT OFFINANCIAL ACTIVI|TIES - continued|
|---|---|---|---|---|
|||||Unrestricted|
|||||fund|
||Other|||3,447|
||Total|||34,547|
||Net gains on investments|||102,771|
||NET INCOME|||110,062|
||RECONCILIATION|OF FUNDS|||
||Total funds brought<br>forward|||1,158,233|
||TOTAL FUNDS CARRIED FORWARD|||1,268,295|
|5.|FIXEDASSET INVESTMENTS||||
|||||Investments|
||MARKET VALUE||||
||At I January 2022|||1,214,810|
||Additions|||156,392|
||Disposals|||(164,132)|
||Net gains/(losses)|||(158,294)|
||At 31 December 2022|||1,048,776|
||NET BOOK VALUE||||
||At 31 December 2022|||1,048,776|
||At 31 December 2021|||1,214,810|
||There were no investment||assets outside the UK.||





||||2022|2021|
|---|---|---|---|---|
||Trade creditors||3,150|3,440|
|7.|MOVEMENT|IN FUNDS|||



|MOVE|MEN|T<br>IN FUNDS|||||
|---|---|---|---|---|---|---|
||||||Net||
||||||movement|At|
|||||At ].1.22|in funds|31.12.22|
|Unrestricted||funds|||||
|General|fund|||1,268,295|(158,480)|1,109,815|
|TOTAL|FUNDS|||1,268,295|(158,480)|1,109,815|
|Net movement||in funds, included|in the above are as follows:||||
||||Incoming|Resources|Gains and|Movement|
||||resources|expended|losses|in funds|
|Unrestricted||funds|||||
|General|fund||41,676|(41,862)|(158,294)|(158,480)|
|TOTAL|FUNDS||41,676|(41,862)|(158,294)|(158,480)|



|||||Net||
|---|---|---|---|---|---|
|||||movement|At|
||||At 1.1.21|in funds|31.12.21|
|Unrestricted||funds||||
|General|fund||1,158,233|110,062|1,268,295|
|TOTAL|FUNDS||1,158,233|110,062|1,268,295|





## 

||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|
||||resources|expended|losses|in funds|
|Unrestricted||funds|||||
|General|fund||41,838|(34,547)|102,771|110,062|
|TOTAL|FUNDS||41,838|(34,547)|102,771|110,062|



||||Net||
|---|---|---|---|---|
||||movement|At|
|||At 1.1.21|in funds|31.12.22|
|Unrestricted|funds||||
|General fund||1,158,233|(48,418)|1,109,815|
|TOTAL FUNDS||1,158,233|(48,418)|1,109,815|



||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|
||||resources|expended|losses|in funds|
|Unrestricted||funds|||||
|General|fund||83,514|(76,409)|(55,523)|(48,418)|
|TOTAL|FUNDS||83,514|(76,409)|(55,523)|(48,418)|





## 



## 

|Detailed Statement ofFinancial Activities|Detailed Statement ofFinancial Activities|||
|---|---|---|---|
|for the Year Ended 31December 2022||||
|||2022|2021|
|INCOME AND ENDOWMENTS||||
|Investment<br>income||||
|Dividends<br>and interest||41,676|41,838|
|Total incoming<br>resources||41,676|41,838|
|EXPENDITURE||||
|Charitable<br>activities||||
|Grants to institutions||38,631|31,100|
|Support costs||||
|Finance||||
|Bank charges||81||
|Governance<br>costs||||
|Accountancy||2,400|2,600|
|Independent<br>examination||750|840|
|||3,150|3,440|
|Total resources expended||41,862|34,547|
|Net (expenditure)/income|before gains and|||
|losses||(186)|7,291|
|Net gains/(losses)||||
|on investments||(158,294)|102,771|
|Net (expenditure)/income||(158,480)|110,062|