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||||Page||
|---|---|---|---|---|
|Report ofthe Trustees||I|to|2|
|Independent<br>Examiner's|Report||||
|Statement ofFinancial|Activities||||
|Balance Sheet|||||
|Notes to the Financial|Statements|6|to|11|
|Detailed Statement ofFinancial Activities||12|to|13|





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||||2022|2021|
|---|---|---|---|---|
||||Unrestricted||
||||fund|Total funds|
|||Notes|||
|INCOME AND ENDOWMENTS FROM|||||
|Donations<br>and legacies|||10,251|449|
|Other trading activities|||28,578|1,989|
|Investment<br>income|||20,671|20,163|
|Total|||59,500|22,601|
|EXPENDITURE ON|||||
|Raising funds|||25,900|6,251|
|Charitable<br>activities|||||
|Financial<br>assistance|||25,400|15,700|
|Other|||1,063|3,710|
|Total|||52,363|25,661|
|Net gains/(losses)<br>on investments|||(19,853)|47,903|
|NKT INCOME/(EXPENDITURE)|||(12,716)|44,843|
|RECONCILIATION|OF FUNDS||||
|Total funds brought<br>forward|||693,995|649,152|
|TOTAL FUNDS CARRIED FORWARD|||681,279|693,995|





||||2022|2021|
|---|---|---|---|---|
||||Unrestricted||
||||fund|Total funds|
|||Notes|||
|FIXEDASSETS|||||
|Investments|||564,186|611,905|
|CURRENT ASSETS|||||
|Debtors|||2,850|530|
|Cash at bank|||114,922|82,208|
||||117,772|82,738|
|CREDITORS|||||
|Amounts<br>falling due within|one year||(679)|(648)|
|NKT CURRENT ASSETS|||117,093|82,090|
|TOTAL ASSETSLESSCURRENT|||||
|LIABILITIES|||681,279|693,995|
|NET ASSETS|||681,279|693,995|
|FUNDS||10|||
|Unrestricted<br>funds|||681,279|693,995|
|TOTAL FUNDS|||681,279|693,995|





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||||2022|2021|
|---|---|---|---|---|
|The annual||banquet|23,466||
|Annual|dinner dance||3,145|300|
|Golf|||1,967|1,689|
||||28,578|1,989|





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||||||2022|2021|
|---|---|---|---|---|---|---|
||Dividends|and interest on|securities||20,594|20,157|
||Deposit account interest||||77|6|
||||||20,671|20,163|
|4.|RAISING|FUNDS|||||
||Other trading<br>activities||||||
||||||2022|2021|
||The annual|banquet|||15,726||
||Annual<br>dinner dance||||4,131||
||Golf||||1,985|2,096|
||||||21,842|2,096|
||Investment|management|costs||||
||||||2022|2021|
||Portfolio management||||4,058|4,155|
||Aggregate|amounts|||25,900|6,251|
|5.|TRUSTEES' REMUNERATION|||AND BENEFITS|||



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||Trustees'<br>expenses||||
|---|---|---|---|---|
||||2022|2021|
||Trustees' expenses||385|2,738|
|6.|COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES||||
|||||Unrestricted|
|||||fund|
||INCOME AND ENDOWMENTS|FROM|||
||Donations<br>and legacies|||449|
||Other trading activities|||1,989|
||Investment<br>income|||20,163|
||Total|||22,601|
||EXPENDITURE ON||||
||Raising funds|||6,251|





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||COMPARATIVKS F|ORTHE STATEMENT OF FINANCIAL ACTIVI|TIES - continued||
|---|---|---|---|---|
|||||Unrestricted|
|||||fund|
||Charitable<br>activities||||
||Financial assistance|||15,700|
||Other|||3,710|
||Total|||25,661|
||Net gains on investments|||47,903|
||NET INCOME|||44,843|
||RECONCILIATION|OF FUNDS|||
||Total funds brought<br>forward|||649,152|
||TOTAL FUNDS CARRIED FORWARD|||693,995|
|7.|FIXEDASSET INVKSTMKNTS||||
|||||Listed|
|||||investments|
|||||g|
||MARKET VALUE||||
||At<br>1 January 2022|||611,905|
||Disposals|||(26,450)|
||Revaluations|||(21,269)|
||At 31 December 2022|||564,186|
||NET BOOK VALUE||||
||At 31 December 2022|||564,186|
||At 31 December 2021|||611,905|
||Historical cost at 31 December 2022 —f471,157(2021 - f469,118).||||
||||2022|2021|
||Investment<br>assets in the|UK|378,314|406,492|
||Investment<br>assets outside the UK||185,872|205,413|
||||564,186|611,905|





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||Investments<br>|excee|ding 5||%by value ofthe total portfol|io:||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2022|2021|
||Invesco Corporate||Bond|UK Z DIS||||42,746|51,145|
||Link Fund Sol Ltd Capita||||Trojan X Inc|||42,524|44,188|
||AHFM Defined Returns|||IGBP Inc||||35,325|36,792|
||SPDR S&PUS Dividend||||Aristocrats EFTGBP|||38,039|34,851|
||Rio Tinto|||||||33,628||
||International|Public Partnerships|||||||31,450|
||Cost or valuation||at 31 December 2022 is represented|||by:||||
||||||||||Listed|
||||||||||investments|
||Valuation<br>in|2022|||||||564,186|
|8.|DEBTORS:|AMOUNTS|||FALLING DUE WITHIN|ONE|YEAR|||
|||||||||2022|2021|
||Trade debtors|||||||2,850||
||Prepayments||||||||530|
|||||||||2,850|530|
|9.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||||||||
|||||||||2022|2021|
||Other creditors|||||||679|648|
|10.|MOVEMENT IN FUNDS|||||||||
|||||||||Net||
|||||||||movement|At|
||||||||At 1.1.22|in funds|31.12.22|
||Unrestricted|funds||||||||
||General fund||||||693,995|(12,716)|681,279|
||TOTAL FUNDS||||||693,995|(12,716)|681,279|





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||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|
||||resources|expended|lossesf|in funds|
|Unrestricted||funds|||||
|General|fund||59,500|(52,363)|(19,853)|(12,716)|
|TOTAL|FUNDS||59,500|(52,363)|(19,853)|(12,716)|



||||Net||
|---|---|---|---|---|
||||movement|At|
|||At 1.1.21|in funds|31.12.21|
|||||6|
|Unrestricted|funds||||
|General fund||649,152|44,843|693,995|
|TOTAL FUNDS||649,152|44,843|693,995|



|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources|expended|losses|in funds|
|Unrestricted|funds|||||
|General fund||22,601|(25,661)|47,903|44,843|
|TOTAL FUNDS||22,601|(25,661)|47,903|44,843|



|||||Net||
|---|---|---|---|---|---|
|||||movement|At|
||||At 1.1.21|in funds|31.12.22|
|Unrestricted||funds||||
|General|fund||649,152|32,127|681,279|
|TOTAL|FUNDS||649,152|32,127|681,279|





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||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|
||||resources|expended|losses|in funds|
|||||E|||
|Unrestricted||funds|||||
|General|fund||82,101|(78,024)|28,050|32,127|
|TOTAL|FUNDS||82,101|(78,024)|28,050|32,127|



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|||||Detailed Statement ofFinancial Activities|||
|---|---|---|---|---|---|---|
|||||for the Year Ended 31 December 2022|||
||||||2022|2021|
||INCOME AND ENDOWMENTS||||||
||Donations<br>and|legacies|||||
||Donations||||10,251|449|
||Other trading|activities|||||
||The annual<br>banquet||||23,466||
||Annual<br>dinner|dance|||3,145|300|
||Golf||||1,967|1,689|
||||||28,578|1,989|
||Investment<br>income||||||
||Dividends<br>and|interest on|securities||20,594|20,157|
||Deposit account interest||||77|6|
||||||20,671|20,163|
||Total incoming|resources|||59,500|22,601|
||EXPENDITURE||||||
||Other trading|activities|||||
||The annual<br>banquet||||15,726||
||Annual<br>dinner|dance|||4,131||
||Golf||||1,985|2,096|
||||||21,842|2,096|
|'|Investment<br>management||costs||||
||Portfolio management||||4,058|4,155|
||Charitable<br>activities||||||
||Grants to institutions||||500|400|
||Grants to individuals||||24,900|15,300|
||||||25,400|15,700|
||Other||||||
||Trustees'<br>expenses||||385|2,738|
||Support costs||||||
||Management||||||
||Postage and stationery|||||289|
||Sundries|||||35|
|||||||324|
||Governance|costs|||||
||Accountancy|and legal fees|||678||





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||for the Year Ended 31 Decemb|er 2022||
|---|---|---|---|
|||2022|2021|
|Total resources expended||52,363|25,661|
|Net income/(expenditure)|before gains and|||
|losses||7,137|(3,060)|
|Realised recognised<br>gains|and losses|||
|Realised gains/(losses)<br>on|fixed asset investments|1,416|(3,419)|
|Net income/(expenditure)||8,553|(6,479)|