2022-12-31-accounts

		Pages
Reference and Administrative Details
Council's Report		3-8
Statement ofTrustees'	Responsibilities
Independent Auditor's	Report	10-12
Statement of Financial	Activities	13
Balance Sheet		14
Notes to the Financial	Statements	15-28

		Notes	Unrestricted	Restricted	Endowment	Total	Total
			Funds	Funds	Funds	2022	2021
			6	E			E
Income:
Donations and legacies		2	5,227			5,227	55,675
Charitable activities		3	297,956			297,956	200,562
Other trading activities		4	5,792			5,792	3,224
Investment income		5	11,533	1,303	637	13,473	12,239
Other income		6					1,429
Total income			320 508	1303	637	322448	273 129
Expenditure:
Raising funds		7	5,600			5,600	1,214
Charitable activities		8	308,139	10,250		318,389	317,069
Total expenditure			313739	10250		323989	318283
Net (expenditure)/
income before gains on investments			6g769	(8~947)	637	(Ig541)	(45I154)
Net (losses)/gains investments	on	15	(15,387)	(1,791)	(3,377)	(20,555)	46,112
NET INCOME/
(EXPENDITURE)			(8~618)	(10738)	(2I740)	(22~096)	958
		18,19,
Transfers		20		637	(637)
NET MOVEMENT IN FUNDS			8618	10ioi	3377	22 096	958
Reconciliation of
funds:
Total funds brought
forward			1 063 325	55 809	26 671	1 146805	I 145847
Total funds carried
forward			1054707	46 708	23 294	1124709	1146805

OTHER TRADING	ACTIVITIES
	Unrestricted	Restricted	Endowment	Total	Total
	Funds f	Funds f	Funds f	2022	2021f
Other misc. income	5,792			5,792	3,224

INVEST	MEN	T INCOME
			Unrestricted	Restricted	Endowment	Total	Total
			Fundsf	Funds	Funds	2022 f	2021f
Income	from	investments	11,533	1,303	637	13,473	12,239

OTHER INCOME
	Unrestricted		Restricted	Endowment	Total	Total
		Funds f	Funds f	Funds f	2022 f	2021 f
)ob retention Scheme						1,429
In 2021 all ofthe other was		attributable	to the unrestricted	fund.
RAISING FUNDS
	Unrestricted		Restricted	Endowment	Total	Total
		Funds f	Funds	Funds f	2022 f	2021 f
Event Costs		5,600			5,600	1,241
In 2021 expenditure	in relation to raising		funds was attributable to the		unrestricted	fund.
CHARITABLE ACTIVITIES
	Unrestricted		Restricted	Endowment	Total	Total
		Fundsf	Funds	Fundsf	2022 f	2021
Student House		306,139			306,139	316,819
Grants (note 10)		2,000	10,250		12,250	250
		308,139	10,250		318,389	317,069

9.	ANALYSIS	OF EXPENDITURE
				Direct Charitable			Grants	Support costs	Total 2022	Total 2021
							(note 10)	(note 11)
							E	E
	Student House				227,500			78,639	306,139	316,819
	Grants payable						12,250		12,250	250
	Charitable expenditure				227,500		12,250	78,639	318,389	317,069
	Raising funds					5,600			5,600	1,214
					233,100		12,250	78,639	323,989	318,283
10.	GRANTS PAYABLE
									Total	Total
									2022	2021
									E
	Council of Commonwealth			Societies					2,000
	Patron's Fund gift								250	250
	Other								10,000
									12,250	250
11.	SUPPORT COSTS								2022	2021
									E	E
	Governance	costs	—Audit fees						6,500	6,000
	Governance	costs	—Non-Audit			fees			2,800	3,200
	Governance	costs	—Prior year		under/(over)		accrual of	audit fees	150	(865)
	Wages and salaries								31,393	25,564
	Depreciation								5,821	5,821
	Repairs and	maintenance							6,268	6,381
	Professional	fees							22,064	25,763
	Other								3,643	3,849
									78,639	75,713
12.	NET INCOMING		RESOURCES						2022	2021
									E	E
	The surplus for the year			is stated after charging:
	Income from	listed investments							(13,473)	(12,239)
	Depreciation	and	amo*isation						29,095	29,426
	Auditors' remuneration			—audit					9,300	9,200
	Auditors' remuneration			—prior		year over accrual			150	(865)

13.	ANALYSIS OF STAFF COSTS,	ANALYSIS OF STAFF COSTS,	TRUSTEE	REMUNERATION	2022	2021
	AND EXPENSES AND THE COST OF KEY MANAGEMENT				6	6
	PERSONNEL
	Salaries and wages				124,708	127,640
	Social security costs				6,413	5,492
	Pension costs				9,691	9,650
	Staff health insurance				1,040	1,040
					141,852	143,822
	The average number	of full-time	equivalent	employees:

	The total employee benefits (2021:anil).	of the key mana	gement personnel	of the Charity w	ere anil
14.	TANGIBLE FIXED	Freehold	Building	Plant and	Total
	ASSETS	Land and	Improvements	Equipment
		Buildings
		E
	Cost
	At 1 3anuary 2022	295,519	494,656	216,250	1,006,425
	Additions
	At 31December 2022	295,519	494,656	216,250	1,006,425
	Depreciation
	At 1 Ianuary 2022	66,973	102,228	185,470	354,671
	Charge for the year	5,821	19,786	3,488	29,095
	At 31 December 2022	72,794	122,014	188,958	383,766
	Net Book Value
	At 31December 2022	222,725	372,642	27,292	622,659
	At 31December 2021	228,546	392,428	30,780	651,754

15.	FIXED ASSET INVESTMENTS	FIXED ASSET INVESTMENTS	FIXED ASSET INVESTMENTS					2022	2021
									6
	Investments listed on a recognised					stock exchange		367,694	419,799
	Other investment assets							22,850	22,850
								390~544	442~649
	Investments at cost							312,343	331,506
	Movement in investments	are	as follows:						Listed
									securities
	Valuation at 1 January 2022								442,649
	Additions
	Disposals								(31,550)
	Realised gains in the year								10,773
	Unrealised losses in the year								(31,328)
	Valuation at 31December	2022							390,544
	The investments listed on	a recognised					stock exchange are all UK equities.
	The following investments	comprise				more than 5%of the value of the total			portfolio:
								Portfolio	Portfolio
								2022	2021
								o/o	o/o
	Aberdeen Asian Income Fund		Ord		NPV			5.85	5.50
	Avi Global Trust ORD GBP0.10							6.34	6.35
	Blackrock North Am. Inc. ordinary					60.01shares		6.60	6.05
	Ecofin GBL Utilities ik Infr	ORD		GBP0.01					6.16
	Fidelity European Values ORD		GBP0.025					7.39	6.89
	JP Morgan Global Core Real Assets							5.60	5.02
	RIT Capital partners ordinary Ruffer Investment Co Red Ptg		Kl shares Pre Shs				GBP0.001	7.37 11.00	8.35 9.07
	Sequoia Economic Infrast	INC		FD	Ltd			6.69	7.19
	Scottish American Investment			Co	Ord GBP0.25			5.27
16.	DEBTORS							2022	2021
								E	6
	Amounts due from Student	House			residents			13,370	9,060
	Prepayments							22,740	23,980
	Other debtors							2,929	1,329
								39,039	34,369

17.	CREDITORS:	CREDITORS:	CREDITORS:	AMOUNTS	AMOUNTS	AMOUNTS	FALLING	FALLING	DUE	WITHIN	ONE
	YEAR											2022	2021
												6	E
	Trade Creditors											27,537	21,859
	Payments		received		in	advance	from	residents				666	5,478
	Taxation		and social		security							8,514	3,387
	Sundry	creditors		and accruals								32,258	46,636
												68,975	77,360
18.	RESTRICTED FUNDS
												Transfers
						1		Incoming		Resources			31
						3anuary		Resources		Expended		Gains/	December
						2022						(losses)	2022
						E						E	E
	Specific	Room
	Maintenance					2,057						637	2,694
	Patron's		Fund			1,500					(250)		1,250
	Student		House
	Refurbishment					1,574							1,574
	APIE						111				(111)
	Robert Wainwright
	fund					51,567			1,303	(9,889)		(1,791)	41,190
	Total					56,809			1,303	(10,250)		(1,154)	46,708

ENDOWMENT FUNDS	ENDOWMENT FUNDS					2022	2021.
							E
Balance at	1january 2022					26,671	21,741
Investment	income					637	407
Unrealised	gain on investment					(3,377)	4,930
Transfer to	the Specific Room Maintenance			Restricted	Fund	(637)	(407)
Balance at	31 December 2022					23,294	26,671
The original	capital invested	is made	up as follows:			E	E
Margaret Farmer (Victoria) Room investment						2,386	2,386
Australia Room investment						4,077	4,077
						6,463	6,463

				General	Revaluation	Sub-total	Designated	Total
				fund	reserve		funds
				E	E	f.	f.	E
Balance at 1	january		2022	622,803	240,522	863,325	200,000	1,063,325
Gains realised on		disposal
of listed investments				(10,773)	10,773
Increase in	market		value
of listed investments					(26,160)	(26,160)		(26,160)
Net incoming (excluding
net gains on	investments)			17,542		17,542		17,542
Transfers
Balance at
31December	2022			629,572	225,135	854,707	200,000	1,054,707

20a	UNRESTRICTED FUNDS—	UNRESTRICTED FUNDS—	UNRESTRICTED FUNDS—	Prior Year
				General	Revaluation	Sub-total	Designated	Total
				fund	reserve		funds
				E		E		E
	Balance at 1Ianuary		2021	718,200	200,821	919,021	200,000	1,119,021
	Gains realised	on disposal
	of listed investments			169	(169)
	Increase in	market	value
	of listed investments				39,870	39,870		39,870
	Net incoming	(excluding
	net gains on investments)			(95,566)		(95,566)		(95,566)
	Balance at
	31 December	2021		622,803	240,522	863,325	200,000	1,063,325
21.	ANALYSIS OF NET		ASSETS BETWEEN FUNDS
			General		Designated	Restricted	Endowment	Total
				fund	funds	funds	fund
				E	E	E	E
	Tangible fixed	assets		622,659				622,659
	Fixed asset investments			127,449	200,000	39,801	23,294	390,544
	Cash at bank			134,200		6,907		141,132
	Other net	current
	assets/(liabilities)			(29,626)				(29,626)
	Balance at
	31 December	2022		854,707	200,000	46,708	23,294	1,124,709

2ia	ANALYSIS O	F NET AS	SE	TS BETWE	EN FUNDS - Pr	ior year
				General	Designated	Restricted	Endowment		Total
				fund	funds	funds		fund
					E	E		E
	Tangible fixed	assets		651,754					651,754
	Fixed asset investments			164,497	200,000	51,481		26,671	442,649
	Cash at bank			89,673		5,328			95,001
	Other net	current
	assets/(liabilities)			(42,599)					(42,599)
	Balance at
	31 December	2021		863,325	200,000	56,809		26,671	1,146,805
22.	CAPITAL COMMITMENTS						2022	2021
									E
	Commitments	approved	by	the Board	but not yet contracted