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





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|||||Unrestricted|Endowment|2022|2021|
|---|---|---|---|---|---|---|---|
|||||funds|funds|Total|Total|
||||Notes|||||
|Incoming resources||||||||
|Incoming resources from generating||funds;||||||
|Voluntary<br>income|||||||500|
|Investment<br>income||||22|67,987|68,009|65,260|
|Total incoming<br>resources||||22|67,987|68,009|65,760|
|Resources expended||||||||
|Establishment<br>costs|||||19,714|19,714|46,942|
|Accountancy<br>fees||||582||582|534|
|Legal and professional<br>fees||||119|8,413|8,532|95|
|Other office expenses||||43||43|1,164|
|Investment<br>management<br>costs|||||1,601|1,601|1,710|
|Management<br>fees<br>—Hills|||||8,736|8,736|12,854|
|Management<br>expenses<br>—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<br>gains and losses||||(2,222)|25,994|23,772|(17,257)|
|Other recognised<br>gains and losses||||||||
|Gains/(Losses)<br>on investment|assets||||(20,945)|(20,945)|17,561|
|Net movement<br>in funds||||(2,222)|5,049|2,827|304|
|Total funds brought<br>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|





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|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|





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|Voluntary<br>income|||
|---|---|---|
||2022|2021|
||Total|Total|
|||g|
|Donations||500|
|||500|



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|Investment<br>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|



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





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|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<br>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<br>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|





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|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|



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