2022-12-31-accounts

			Page
Legal and administrative		information
Trustees report			2-4
Independent examiners'		report
Statement offinancial	activities
Balance sheet
Notes to the financial	statements		8-11

				Unrestricted	Endowment	2022	2021
				funds	funds	Total	Total
			Notes
Incoming resources
Incoming resources from generating		funds;
Voluntary income							500
Investment income				22	67,987	68,009	65,260
Total incoming resources				22	67,987	68,009	65,760
Resources expended
Establishment costs					19,714	19,714	46,942
Accountancy fees				582		582	534
Legal and professional fees				119	8,413	8,532	95
Other office expenses				43		43	1,164
Investment management costs					1,601	1,601	1,710
Management fees —Hills					8,736	8,736	12,854
Management expenses —Hills					3,529	3,529	18,918
Grants made				1,500		1,500	800
Total resources expended				2,244	41,993	44,237	83,017
Net incoming/(outgoing)	resources before
other recognised gains and losses				(2,222)	25,994	23,772	(17,257)
Other recognised gains and losses
Gains/(Losses) on investment	assets				(20,945)	(20,945)	17,561
Net movement in funds				(2,222)	5,049	2,827	304
Total funds brought forward				52,790	2,797,988	2,850,778	2,850,474
Total funds carried forward				50,568	2,803,037	2,853,605	2,850,778

as at31D	ecember	2022
					2022		2021
			Notes
Fixed assets
Investments					2,773,231		2,797,623
Current assets
Cash at bank	and in hand			80,938		54,169
				80,938		54,169
Creditors:	amounts	falling
due within	one year			(564)		(1,014)
Net current	assets				80,374		53,155
Net assets					2,853,605		2,850,778
Funds
Endowment	funds				2,803,037		2,797,988
Unrestricted	income funds				50,568		52,790
Total funds					2,853,605		2,850,778

Voluntary income
	2022	2021
	Total	Total
		g
Donations		500
		500

Investment income
		Unrestricted	Endowment	2022	2021
		funds	funds	Total	Total
					g
Income from UK investment	properties		65,418	65,418	60,833
Income from UK listed investments			2,569	2,569	4,407
Bank interest receivable		22		22	20
		22	67,987	68,009	65,260

The average monthly numbers of employees (in full time equivalents, was as follows:	cluding the trustees) during the year, calculated on	the basis of
	2022	2021
	Number	Number
Trustees	7	6

for t	he year ended 31December 2022
5.	Fixed asset investments	Listed	Investment
		investments	properties	Total
	Valuation
	At I January 2022	122,623	2,675,000	2,797,623
	Disposals	(3,447)		(3,447)
	Revaluations	(20,945)		(20,945)
	At 31December 2022	98,231	2,675,000	2,773,231
	Historical cost as at 31December 2022	69,664	2,053,121	2,122,785

6.	Creditors: amounts	falling due
	within one year				2022	2021
						g
	Accruals and deferred	income				1,014
7.	Analysis ofnet assets between funds
				Unrestricted	Endowment	Total
				funds	funds	funds
	Fund balances at 31December 2022 as represented		by:
	Investment assets				2,773,231	2,773,231
	Current assets			51,132	29,806	80,938
	Current liabilities			(564)		(564)
				50,568	2,803,037	2,853,605

S.	Unrestricted	funds		At			At
				1January	Incoming	Outgoing	31December
				2022	resources	resources	2022
	Unrestricted	Fund		52,790	22	(2,244)	50,568
	Purposes ofunrestricted		funds

9.	Endowment	funds	At				At
			IJanuary	Incoming	Outgoing	Gains and	31December
			2022	resources	resources	losses	2022
			2,797,988	67,987	(41,993)	(20,945)	2,803,037