2022-12-31-accounts - John Horniman's Children's Trust

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		Unrestricted	Endowment	Total Funds	Total Funds
	Notes	Fund	Fund	2022	2021
Income and endowments
Investment Income:
Dividends - UK &Overseas Equities	3	8,555	22,784	311339	30,463
Interest — UK& Overseas Fixed Interest	3	3,243	8,858	12,101	11 ,004
Interest on cash deposits	3				10
Donations		120		120
Total income		11,918	31,642	43,560	41 ,477
Expenditure
Cost ofraising funds:
Investmentmanagement costs		1 ,882	5,012	6,894	7,539
Expenditure on charitable activities:
Conference		3,683		3,683
Grants to institutions		105,250		105,250	121 ,500
Supportcosts	4	7,155	7,155	14,310	15,572
Total expenditure		117,970	12,167	130,137	144,611
Net (expenditure)/income
before investment gains/(losses)		(106,052)	19,475	(86,577)	(103,134)
Net (losses)/gains on investments	5	(84,008)	(244,795)	(328,803)	170,382
Net income/(expenditure)		(190,060)	(225,320)	(415,380)	67,248
Transfers between funds	8	84,887	(84,887)
Net movement in funds		(105,173)	(310,207)	(415,380)	67,248
Reconciliation of funds
Total funds brought forward		510,918	1,375,792	1,886,710
Totalfunds carried forward		E405,745		El,471 ,330	El 1886,710

	Notes		2022			2021
FIXED ASSETS
Investments	5		1,465,884
CURRENT ASSETS
Debtors	6				718
Cash at bank — current account		7,342			7,510
		7,342			8,228
LIABILITIES
Creditors: amounts falling due within one year	7	1,896			2,100
NET CURRENT ASSETS				5,446			6,128
TOTAL ASSETS LESS CURRENT LIABILITIES			1	,330		1,886,710
Provisions for liabilities and charges	9
NET ASSETS	10		El	,330
The funds of the Charity
Endowment funds — Permanent						1	792
Unrestricted income funds				405,745			510,918
TOTAL CHARITY FUNDS			El	,471 ,330

INVES	TMENT INCOME - COMPARATIVEIN	FORMATION
		Unrestricted	Endowment	Total
		Fund	Fund	2021
Dividends - UK and Overseas Equities		8,337	22,126	30,463
Interest	- UK And Overseas Fixed Interest	2,949	8,055	11 ,004
Interest	on cash deposits	10		10
		11 ,296	30,181	41 ,477

SUPPORT COSTS
	2022	2021
Secretary's honorarium and expenses	10,355	10,687
Office rent	750	1 ,800
Room hire and sundry	377	407
Websitecosts		500
Governance
Trustees' expenses	932	318
Auditor's remuneration	1,896	1 ,860
	14,310	15,572

	2022	2021
Shares in public limited companies	692,230	901 ,648
Unit Trusts	365,872	454,745
Fixed Interest	388,473	501,023
		1,857,416
Cash held by QuilterCheviot	19,309	23,166
	El
Historical cost	El, 165,473
The investments are held in the UK.
The movement in market value during the year was:
Marketvalue at 1 January 2022		1,813,730
Disposals at cost	(152,233)	(120,332)
Acquisitions at cost	42,478	60,472
Change in value in the year	(301,086)	122,140
Increase/(Decrease) in cash awaiting investment	(3,857)	4,572
Market value at 31 December2022	El

The investment fund and application of total return to	2022	2021
permanent endowmentfunds:
Unapplied total return	1,175,792	1,125,552
Add: Investment return: Dividends and interest	31 ,642	30,181
Realised and unrealised gains/(losses)	(244,795)	125,454
	962,639	1,281,187
Less: Investmentmanagement costs	(5,012)	(5,496)
Supportcosts	(7,155)	(7,786)
Unapplied total return before transfer to income	950,472
Less: Unapplied total return applied	(84,887)	(92, 113)
Subtotal: Unapplied total return as at 31 December2022	865,585	1,175,792
Original value ofgift	200,000	200,000
Permanent endowmentincluding unapplied total return as at		El
31 December2022

PROVISIONS FOR LIABI	LITIES AND CHARGES
		Charitable
		Commitments
		Accrued
		2022	2021
Material provisions and	movement in provisions during theyear
Commitments outstanding	at 1 January 2022
New commitments charged to the SOFA in the year Grants paid in the year		105,250 (105,250)	121,500 (121,500)
Amount ofthe commitments at 31 December2022		ENIL	ENIL