2023-06-30-accounts

CONTENTS				PAGE
Officers and	professional advisers
Trustees' report
Chartered accountants		report to the board ofdirectors on the preparation of
the unaudited	statutory	financial	statements
Statement of	income and retained		earnings
Statement of	financial	position
Statement of	cash flows			10
Notes to the financial		statements

THE BOARD OFDIRECTORS	LMullin	Chair
	A Kendall
	M Archer
	RA Price
	IKendall
	P Bowerman
	SChristie
	SPrice
	A Boyd
	DFawcett
REGISTERED OFFICE	12 South Royd Avenue
	Halifax
	West Yorkshire
	HX3 OBL
ACCOUNTANTS	Spenser Wilson	Ltd
	Chartered Accountants
	Equitable House
	55 Pelion Lane
	Halifax
	West Yorkshire
	HX1 5SP
BANKERS	Barclays Bank Plc P0Box 14
	Halifax
	West Yorkshire
	HX1 IBG
SOLICITORS	Wilkinson Woodward
	11Fountain Street
	Halifax
	West Yorkshire
	HX1 1LU

			2023	2022
		Note
INCOME		4	113,390	105,808
Operating expenditure			152,583	117,611
Other operating income		6	14459	13,197
NET INCOME/(EXPENDITURE)		7	(24,834)	1,394
Loss on financial assets at fair value through	profit or loss		(5416)	(16,405)
DEFICIT FOR THE FINANCIAL YEAR			(30,150)	(15,011)
RETAINED RESERVESAT THK START OF THK YKAR			249,763	264,774
RETAINED RESERVESAT THE END OF THE YEAR			219,613	249,763

					2023			2022
			Note
FIXEDASSETS
Tangible assets			10			504,802			511,823
CURRENT ASSETS
Debtors			11	880			616
Investments			12	201,739			204,658
Cash at bank and in hand				36,037			63,325
				238,656			268,599
CREDITORS: amounts		falling due
within one year			13	25,886			26,454
NET CURRENT ASSETS						212,770			242,145
TOTAL ASSETSLESS		CURRENT
LIABILITIES						717,572			753,968
CREDITORS: amounts		falling due	after
more than one year
Accruals and deferred	income					437,079			443,325
NET ASSETS						280,493			310,643
RESERVES
Capital reserve						60,880			60,880
Revenue reserve						219,613			249,763
						280,493			310,643

		2023	2022
CASH FLOWS FROM OPERATING ACTIVITIES
Loss for the financial year		(30,150)	(15,011)
Adjustments for:
Depreciation oftangible assets		7,021	7,021
Government grant income		(6446)	(6,246)
Loss on financial assets at fair value through	profit or loss	5,316	16,405
Accrued income		(10,777)	(42,672)
Changesin:
Trade and other debtors		(264)	16
Trade and other creditors		10,209	936
Cash generated from operations		(31,137)	(39,551)
Net cash used in operating activities		(24,091)	(39,551)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases ofother investments Proceeds from sale ofother investments		(5,316) 2,919	(16,405) 14,269
Net cash used in investing activities		(2,397)	(2,136)
NET DECREASE IN CASH AND CASH	EQUIVALENTS	(27,288)	(41,687)
CASH AND CASH EQUIVALENTS AT	BEGINNING OFYEAR	63,325	105,012
CASH AND CASH EQUIVALENTS AT	KND OFYEAR	36,037	63,325

PARTICULA	RS OFMAINTENANCE CONTRIB	UTION
		2023	2022
			f,
Maintenance	contribution	116,480	116,480
Less: Losses	from debts and voids	(3,090)	(10,672)
		113490	105,808

				2023	2022
	Government	grant income		6446	6,246
	Other operating income			8,113	6,951
				14459	13,197
7.	OPERATING (LOSS)/PROFIT
	Operating profit or loss		is stated after charging:
				2023	2022
	Depreciation	oftangible	assets	7,021	7,021
	Independent	examination		1,840	1,560

The average n amounted to:	umber ofpersons emp	loyed by the company during the year, including t	he trustees,
		2023	2022
		No.	No.
		I	1
The aggregate	payroll costs incurred	during the year, relating to the above, were:
		2023	2022
Wages and salaries		18@39	10,801
Other pension	costs	138	138
		18,477	10,939

10.	TANGIBLE ASSETS
				Freehold
				property
				8
	Cost
	At 1July 2022 and 30June 2023			702,080
	Depreciation
	At I July 2022			190457
	Charge for the year			7,021
	At 30June 2023			197/78
	Carrying amount
	At 30June 2023			504,802
	At 30June 2022			511,823
11.	DEBTORS
			2023	2022
	Prepayments and accrued income		880	616
12.	INVESTMENTS
			2023	2022
	NAACIF investment		55,433	55,097
	COIF investment		89,610	86,853
	Black Rock investment		56,696	62,708
			201,739	204,658
13.	CREDITORS: amounts	falling due within one year
			2023	2022
	Trade creditors		5/44	6,844
	Accruals and deferred income		20,458	19,360
	Social security and other	taxes	184	250
			25,886	26,454

GOVERNM	ENT GRANTS	ENT GRANTS
The amounts	recognised in the financial		statements	for government	grants are as follows:
					2023	2022
Recognised	in creditors:
Deferred government		grants due within	one year		18,121	6,246
Deferred government		grants due after more than one year			437,079	443,325
					455400	449,571
Recognised	in other	operating income:
Government	grants	released to profit or	loss		6,246	6,246

ANALYSIS OF CHANGES IN NET	DEBT
				At
	At	1 Jul 2022	Cash flows	30Jun 2023
Cash at bank and in hand		63,325	(27,288)	36,037
Current asset investments		204,658	(2,919)	201,739
		267,983	(30,207)	237,776