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2023-03-31-accounts

Expendable General Total Total
Notes endowment unrestricted 2023 2022
2 2
Income
Investment
income
Transfer		 2 ~!8 186,308
182,487		 186,308 174,657
Total Income 182,487 368,795 186,308 174,657
Expenditure
Costs ofraising funds
Investment
management		 costs
Expenditure
on chantab/e		 activities
Grant making
Grants committed 5/18 (255,948) (255,948) (376,880)
Grani related support/governance coals 5
Total expenditure
Net (expenditure)/income before
gains/(losses)
on Investments		 (227,884) .68,947 (158,937) (289,763)
Net gains/(losses)
on investments
Net movement
in funds		 (729,768) 68,078 (661,690) 386,056
Reconciliation
o/funds
Total funds brought
forward		 11,275,634 64,517 11,340,151 10,954,095

Expendable General Total Total
Notes endowment unrestricted 2023 2022
6 2 6 6
Fixed assets
Investments 12 10,556,969 3,715 10,560,704 11,301,092
Current assets
Debtors 13 6,795 6,795 2;682
Cash 14 253344 253,344 201,042
260,139 260,139 301,724
0 dlt: 0 1 lll 0 0 S0i 7 10 ~tt.t23 115,
3		 127,086 212,690
Net current (liabilities)/assets ~tt
123		 44 133,053 89,034
Creditors:
more than		 Amounts
falling due
one year		 after 16 15200 15290 ~49970
Total net assets/(llab6ltles) 10,545,866 132,595 10,678,461 11,340,151
Total charity funds 17 10,545,806 132. 9 10.6 0.401 11.340,151

5 Grants committed
The value ofgrants to institutions		 committed in the year, including 2023
f		 2022
cancelled grants, comprises:
Grants Committed 261,448 381,880
Returned/withdmwn:
2grants.(2021:1)		 ~5,000 ~0.000
Details ofthe recipients are shown in note 18. 255,948 376,880
Support costs (note 6) 33,749 29,194
Governance
costs (note 6)		 10137 11,473
43,886 40,667
299,834 417,547
2023 2022
f
Reconciliation ofgrants payable:
Commitments
at beginning
ofyear
Commitments
made
in the year
Grants cancelled
in the year		 237,844
261,448
~5.50D		 381,880
~5.000		 85,673
Grants committed
in the year
Grants paid during the year		 255,948
~373.300		 376,880
~24.700
Net Commitments
at 31March		 120,484 237,844
Commitments
at 31 March
are payable as follows:
Within one year (note 15)
After more than one year (note 16)		 105,188
15,296		 187,869
49,975
120404 237,844

Cost Type Total Support Basis of
Allocated Costs Governance Appontonment
8
Staffcosts 30.199 25,669 4,530 Shff time
Office rental and costs .7.341 6,607 734 Staff time
Sundry costs I 473 260 Usage
39,273 33,749 5,524
Governance costs
2023 2022
8
Staffcosts 4,530 4.191
ONce rental and costs 734 519
Publications &subscripfions 1,101
Auditors'
remuneration		 4,200 4.857
Trustees' meetings 157 200
Trustee travel expenses 58
Staff training 198 550
Sundry costs 260 55


Activities
is shown
in the table below		 :
Cost Type Total Support Basis of
Allocated
f		 Costs
f		 Governance Apportionment
Staff costs 27,938 23,747 4,191 Staff time
Oflice rental and costs 5,189 4,670 519 Staff time
Professional fees 282 282 Usage
Sundry expenses 550 495 55 Usage
33,

During the year a grant off15,000was awarded to Bendrigg Trust, a charit
SRayner is a Trustee.		 During the year a grant off15,000was awarded to Bendrigg Trust, a charit
SRayner is a Trustee.		 During the year a grant off15,000was awarded to Bendrigg Trust, a charit
SRayner is a Trustee.		 During the year a grant off15,000was awarded to Bendrigg Trust, a charit
SRayner is a Trustee.		 y
in which a		 y
in which a		 close family m ember of
11 Comparatives
for Statement ofFinancial Activities and Balance Sheet		 figures
Statement of Financial Activities
Expendable Resaicted General Total
endowment
f.		 Fund
f		 unrestricted 2022f
Income
Investment
income		 174,657 174,657
Transfer 139,528 139528
Total Income 139,528 314143
Expenditure
Costs ofraising funds
Investment
management		 costs 46,834 3 ~43.
Exp'enditure
on charitable		 activities
Grant making
Grants committed (45,000) (331,880) (376,880)
Grant related support/governance costs ,3
Total expenditure *
Net expenditure
before		 losses on investments (186,362) (45,000) (58,401) (289,763)
Net gains on investments 675,253 566 675,819
Net movement
in funds		 488,891 (45,000) (57,835) 386,056
Reconciliation offunds
Total funds brought forward 10,786,743 45,000 122,352 10,954,095
Total funds carried forward 11,275,634

11 Comparatlves
for Statement ofFinancial		 Comparatlves
for Statement ofFinancial		 Comparatlves
for Statement ofFinancial		 Comparatlves
for Statement ofFinancial		 Comparatlves
for Statement ofFinancial		 Comparatlves
for Statement ofFinancial		 Comparatlves
for Statement ofFinancial		 Activities Activities Activities and Balance Sheet figures (continued) and Balance Sheet figures (continued) and Balance Sheet figures (continued)
Balance Sheet
Expendable Restricted General Total
endowment Fund unrestricted 2022
f f f
Fixed assets
Investments 11,287,049 14,043 11,301,092
Current assets
Debtors 2,682 2,682
Cash 45,000 254,042 299,042
45,000 256,724 301,724
0 811:9 1 lll 0 6 A Dl 7 ~14,415 ~45,000 156,275 212,690
Net current (liabilities)/assets 11,415 100,449 89034
Creditors:
Amounts		 falling due after
more than one year 49,975 49,975
Total net assets/(liabilities) 11,275,634 64,517 11,340,151
Total charity funds 11,275,634 84. 17 11.3401 1
12 Investments
2023 2022f
Market value at beginning
ofyear		 11,200,725 10,747,538
Aoquisitions
at cost		 2,782,488 2,281,927
Disposal proossds (3,088,856) (2,504,559)
Net profit/(loss)
on revaluation		 675,819
Blarket value at end ofyear 10,391,604 11,200,725
Uninvested
cash		 and seidements pending 169,100 100,367
1D56D 7D4 11,301,092
2023f 2022f
Expendable
Endowment		 10,556,989 11,287,049
Income Invested Fund 3,715 14,043
10,560,704 11,301,092
As agreed by Trustees, the investment portfolios were combined as at 31 March 2020 and the separate
valuations
are now accounted for on a		 percentage basis - Endowment 100%:Income Invested
Fund 0%.
(2022: Endowment 99.92%, Income Invested Fund: 0.08%).
The Income Invested Fund was fully drawn down at 31March 2023.
2023 2022
UK equities 1,350,877 1,468,292
International
equities		 5,610,592 6,170,737
Multi asset funds 573,403 956,270
Bonds 1,052,902 604.923
Property 722,356 852,640
Other sltematlves 1,084,570 1,041.629
Cash instruments 166,004 206,601
1D56D704 11.301092
Historical cost at end ofyear 20 858 0 1 6000.

17 Analysis offund movements Analysis offund movements
Balance at Incoming Resources Transfers Loss an Balance at
31st Nlarch resources expended Investments 31stMarch
2022f 2023
0
Expendable
endowment
Held as investments 11,275,634
General unrestricted fund
Designated
funds
Income Invested
fund
Contingency
reserve
55,710 (14) 18,085 (069) 72,920
Free reserves
Income reserves 50.075
Balance at Incoming Resources Gain on Balance at
31stMarch resources expended Invesbnents 31stMarch
2021
K		 f K f 2022
K
Expendable
endowment
Held as investments 10,786743
Restricted
Fund		 45,000 (45,000)
General unrestdcted
Designated
funds
Income invested
fund
Contingency
reserve		 fund HOHM C7'H
106,045 (39) (141,654) 566 55,718
Free mserves
Income reserves 8,799
566 64,517
675,819 11,340,151

18 Grants Commitments Commitments Commitments
msds in year made in year
ended ended
31 March 2023 31 March 2022
f f
Alllthwalte
Playing
Field Committee		 3,500
Alston Recreafion Ground Committee 3,000
Alston Town Hall Charity 3,000
Ambleside
Friends ofGuilding		 1,120
Appleby
Eddibles		 3,500
Ashy Village Hall 3,500
Barrow Raiders Community Foundation 3,500
BeMe Project 17,385
Bendrigg Trust 15,000
South Village Hall 3,500
Carer Support South Lakes 35,932
Coniston
and Crske Valley		 News 1,500
Coniston
Institute		 3,500
Crosthwaite
snd Lyth Recreation		 Field Trust 4,500
Cumbria
Alcohol and Drug		 Advisory Service 35,000
Cumbria Deaf Association 18,600
Cumbria
Family Support		 11.132
Evergreen
Community
Trust		 10,000
Fairosk Housing 3,500
Feature Youth Club 2,500
Friends ofSandside Lodge (5.000)
Friends ofShop School 1,145
Friends ofWsrcop School 7,900
Gateway
Church		 22,505 7.456
Grange over Sands Food Share 3,500
Howgill Village Hall 3,500
Kent Estuary Youth Project 20,000
Ksndal Torchlight Precession 3,320
Kirkby Lonsdale Community Cupboard 15,000
Lighthouse
Community
Mental		 Health
Hub		 45,888 16,200
Lower Holker Sowling Club 2,000
Lower Holker Village Hall 3.500
Lunssdale
Hall		 3,500
Mshagony
Opera		 7,713
Manna House 20,000
Music Links 3,900 3,200
Occupation
All		 3,000
Our Place Youth Club 4,000
Neighbourhood
Project		 3,336
Psnrith and Eden Refugee Network 10,000
Penrlth Pumss 4,000
Promoting
Autonomy
and Change		 Ltd - PAC LTd 10,890 4,510
Queen Katherine School Association 9,000
Ragtag Arts 8,734 15,000
Reagill Village Hall 3,500
South Curnbria
Breasffeedlng		 Support 7,000
South Cumbria
Musical Festival		 3,500
Space2Create 10,000
Springfield 7,370
Staiton Village Institute 4,000
Stavelsy Village Association 3,500

18 Grants (continued)
Commisnents Commitments
made in year made in yeru
ended ended
31 March 2023 31 March 2022
Strlddsndgate
House Trust		 23,166
The Birchsll Trust 48,000
The Bryce Inselute 3,500
The Samaritans
-Lancaster &		 Disldkd 3,500 3,500
Ulverston
Amateur Dperaec Society		 1,000
Ulverston Foie Park Community Group 9.426
Ulverslon
and Dislrlkd Disabled		 Club 1,000
Warcop Parish Council 3,500
Waste into Wellbsing 19,500
Western Dales Bus 10,000
Wrndermere
Youth Pnr)ect		 4,000
Sandgste School Family 8 Fdsnds 3,500
Youth Engagement Service (5,500) 11,500
Youth Presence 10,000
1st Kendat Scouts 3,500
25594 376880