## ## ## ## ||||Page|| |---|---|---|---|---| |Report ofthe Trustees||1|to|4| |Statement ofTrustees'|Responsibilities|||| |Report ofthe Independent
Auditors||6|to|9| |Statement ofFinancial|Activities||10|| |Balance Sheet||||| |Cash Flow Statement|||12|| |Notes to the Cash Flow Statement|||13|| |Notes to the Financial Statements||14|to|20| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||Period|| |---|---|---|---|---|---|---|---| |||||||6.4.22|| |||||||to|Year Ended| |||||||319.23|5.4.22| |||||||Unrestricted|Total| |||||||fond|funds| ||||||Notes|g|| |INCOME|AND ENDOWMENTS FROM||||||| |Investment|income|||||382,873|418,060| |EXPENDITURE|||ON||||| |Raising funds||||||78,600|83,106| |Charitable|activities||||||| |Donations||||||444,000|460,250| |Total||||||522,600|543,356| |Net gains/(losses)||on investments||||(666,830)|805,744| |NET INCOME/(EXPENDITURE)||||||(806,557)|680,448| |RECONCILIATION||||OF FUNDS|||| |Total funds|brought||forward|||14,045,063|13,364,615| |TOTAL FUNDS CARRIED FORWARD||||||13438,506|14,045,063| ## |||31.323|5.4.22| |---|---|---|---| |||Unrestricted|Total| |||fund|funds| ||Notes||| |FIXEDASSETS|||| |Investments||13,126,983|13,976,182| |CURRENT ASSETS|||| |Cash at beak||135~7|94,079| |CREDITORS|||| |Amounts
falling due within one year||(24,044)|(25,198)| |NET CURRENT ASSETS||111423|68,881| |TOTAL ASSETSLESSCURRENT|||| |LIABILITIES||13/38/06|14,045,063| |NKT ASSETS||13438,506|14,045,063| |FUNDS|||| |Unrestricted
funds||13438,506|14,045,063| |TOTAL FUNDS||13438,506|14,045,063| ## ## ||||||Period|| |---|---|---|---|---|---|---| ||||||6.4.22|| ||||||to|Year Ended| ||||||31.3.23|5.4.22| |||||Notes||| |Cash flows from|operating||activities|||| |Cash generated
from operations|||||(140,881)|(122,894)| |Net cash used in|operating|activities|||(140,881)|(122,894)| |Cash flows from|investing||activities|||| |Purchase offixed|asset investments||||(3,020,197)|(4,665,556)| |Sale offixed asset investments|||||3/02466|4,827,536| |Net cash provided|by investing|||activities|182469|161,980| |Change in cash and cash||equivalents||||| |in the reporting|period||||41,488|39,086| |Cash and cash equivalents|||at|the||| |beginning
ofthe|reporting||period||94,079|54,993| |Cash and cash equivalents|||at|the end||| |ofthe reporting|period||||135467|94,079| ## |||||||Period|| |---|---|---|---|---|---|---|---| |||||||6.4.22|| |||||||to|Year Ended| |||||||313.23|5.4.22| ||Net (expenditure)/income|||for the reporting|period (as per the||| ||Statement ofFinancial Activities)|||||(806,557)|680,448| ||Adjustments|for:|||||| ||Losses/(gain)|on investments||||666,830|(805,744)| ||(Decrease)/increase||in creditors|||(1,154)|2,402| ||Net cash used in operations|||||(140,881)|(122,894)| |2.|ANALYSIS|OF CHANGES IN NET FUNDS|||||| ||||||At 6.4.22|Cash flow|At312.23| ||Net cash||||||| ||Cash at bank||||94,079|41,488|135,567| ||||||94,079|41,488|135,567| ||Total||||94&079|41,488|135,567| ## ## ## ## ## ## ## ## ## ## ## ## ||||31.3.23|5.4.22| |---|---|---|---|---| |Income from investments:||||| |-Client money interest (gross)|||532|| |-Currency client money interest (gross)|||226|| |—UK unit trust, investment|bust and|OEIC interest|37,196|41,322| |-Other UK interest|||1,014|| |-UK dividends|||137/53|161,254| |—UK unit trust, investment|trust and|OEIC dividends|100@79|110,191| |-Properly income distributions|||11/07|10,753| |-Income from non-UK investments||—interest||7,413| |-Income from non-UK investments||—dividends|94,000|86,900| |-UK fixed interest income|||677|124| |-Accrued income|||89|103| ||||382,873|418,060| ## |RAISING|FUNDS|| |---|---|---| |Investment|management|costs| ||||Period|| |---|---|---|---|---| ||||6.4.22|| ||||to|Year Ended| ||||319.23|5.4.22| |Costs ofgenerating|investment|income|71,868|77,282| |Support costs|||6,732|5,824| ||||78,600|83,106| |GRANTS PAYABLK||||| ||||Period|| ||||6.4.22|| ||||to|Year Ended| ||||319.23|5.4.22| |Donations|||444&000|460,250| |Grants payable to|institutions|during the year were as follows:||| ||||31.3.23|5.4.22| ||||I|g| ||||298400|379,250| ## ||Grants payable to individuals|Grants payable to individuals|during the year were as follows:||| |---|---|---|---|---|---| |||||31.3.23|5.4.22| |||||145+00|81,000| |5.|SUPPORT COSTS||||| |||||31.3.23|5.4.22| ||Auditors'
Remuneration|||3/00|2,814| ||Accountancy|and legal fees||3414|2,954| ||Bank charges|||218|56| |||||6,732|5,824| ## ## ## |FIXEDASSETINVESTMKNTS|FIXEDASSETINVESTMKNTS|| |---|---|---| |~TVALUE
fie||Listed
investments| |At 6April 2022||13/76,182| |Additions||3,020,197| |Disposals||(3402,566)| |Net gains/(losses)|on investments|(666,830)| |At 31March 2023||13,126,983| |NKT BOOK VALUE||| |At 31March 2023||13,126J83| |At 5 April 2022||13,976,182| ## ||Historical Cost:|||| |---|---|---|---|---| ||At 31March 2023|11,763,133||| ||At 5 April 2022|11,654478||| ||Investments
at fair value||319.23|5.4.22| ||Comprised:|||| ||Equities||9,804,673|10,454,407| ||Fixed interest securities||3,169,667|3,408,188| ||Cash held within the investment|portfolio|152,643|113,587| ||||13,126,983|13,976,182| |8.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||| ||||31.3.23|5.4.22| ||Accrued expenses||24&044|25,198| |9.|MOVEMENT IN FUNDS|||| ||||Net|| ||||movement|At| |||At 6.4.22|in funds|31.3.23| ||Unrestricted
funds|||| ||General fund|14)045,063|(806,5571|13/38)506| ||TOTAL FUNDS|14,045,063|(806,5571|13438,506| ## ||||incoming|Resources|Gains and|Movement| |---|---|---|---|---|---|---| ||||resources|expended|losses|in funds| |Unrestricted|funds|||||| |General fund|||382,873|(522,600)|(666,830)|(806,557)| |TOTAL FUNDS|||382,873|(522,600)|(666,830)|(806457)| |Comparatives|for movement|in funds||||| ||||||Net|| ||||||movement|At| |||||At 6.4.21|in funds|5.4.22| |||||f,||| |Unrestricted|funds|||||| |General fund||||13,364,615|680,448|14,045,063| |TOTALFUNDS||||13,364,615|680,448|14,045,063| |||Incoming|Resources|Gains and|Movement| |---|---|---|---|---|---| |||resources|expended|losses|in funds| |Unrestricted|funds||||| |General fund||418,060|(543,356)|805,744|680,448| |TOTAL FUNDS||418,060|(543,356)|805,744|680,448| ##