2021-12-31-accounts

			Page
Significant	information
Trustees'	report		2-4
Statement	of Trustees'	responsibilities
Independent auditors'		report	6-8
Statement	offinancial	activities
Balance sheet			10
Cash flow statement
Notes to	the accounts		12 —18

						General	Endowment	Endowment	Total	Total
						funds		funds	2023	2022
					Notes	8		6	6	f
Income and endowments
Investment income						98,366			98,366	88,223
Total income						98,366			98,366	88,223
~Edit
Costs of raising funds
Investment management	costs							28,823	28,823	28,113
Expenditure on charitable		activities
Grants to individuals & administration				costs		180,459			180,459	178,967
Donations						6,000			6,000	6,000
Cost of grant making						186,459			186,459	184,967
Total expenditure						186,459		28,823	215,282	213,080
Net income / (expenditure) investments		before gains			/ (losses) on	(88,093)		(28,823)	(116,916)	(124,857)
Net gains/(losses) on investment			assets					314,839	314,839	(282,451)
Net movement In funds						(88,093)		286,016	197,923	(407,308)
Transfer between funds						90,000		(90,000)
Fund balances at 1 January		2023				31,253		3,850,037	3,881,290	4,288,598
Fund balances at 31 December			2023			33,160		4,046,053	4,079,213	3,881,290

				2023		2022
			Notes	6		5
Fixed assets
Investments					4,037,233		3,840,865
Current assets
Debtors			10	849		3,159
Cash at bank	and in	hand		51,698		48,355
				52,547		51,514
Creditors: amounts		falling due within
one year				(10,567)		(11,089)
Net current	assets				41,980		40,425
Total assets	less current liabilities				4,079,213		3,881,290
The funds ofthe charity
Endowment	funds				4,046,053		3,850,037
Income funds
General funds					33,160		31,253
					4,079,213		3,881,290

		2023	2022	2022
			6
Reconciliation of net movement In funds to
net cash flow from operating activities
Net movement in funds		197,923		(407,308)
Deduct investment income		(98,366)		(88,223)
Deduct gains/add losses on investments (Increase)/decrease in debtors Increase/(decrease) in creditors		(314,839) 2,310 (522)		282,451 (2,053) 160
Net cash used in operating activities		(213,494)		(214,973)
Cash flows from investing activities
Dividends and interest	98,366		88,223
Proceeds from investment sales, net of purchases and cash retained in portfolio	118,471	216,837	148,889	237,112
Changes in cash and cash equivalents in the year		3,343		22,139
Cash and cash equivalents brought forward		48,355		26,216
Cash and cash equivalents carried forward		51,698		48,355

Expenditure
				2023	2022
				6	6
Costs of raising funds
Investment	management	costs		28,823	28,113
Expenditure	on charitable		activities
Beneficiary	payments			139,890	139,470
Support costs (note 6)				40,569	39,497
Total				180,459	178,967
Donations				6,000	6,000
				186,459	184,967
				215,282	213,080

Donations
					2023	2022
					6	6
Kids Yorkshire	&The Humber				750	750
Hessle Road Network					750
Hull Women's	Aid				750	750
Jubilee Church	Hull				750
Hey Breast Friends					750
Sight Support	Hull & East Riding					750
CatZero					750	750
Artlink Centre	for	Community	Arts			750
Hull 4 Heroes					750	750
NGVFA National		Gulf Veterans		and Families Association		750
Teenage Cancer		Trust			750	750
					6,000	6 000

6	Support	costs	costs
					2023	2022
					6	6
	Pensions	re	former employees		8,207	8,153
	Management		and administration	fees	28,600	27,517
	Governance		costs		3,762	3,827
					40,569	39,497

9	Fixed asset investments	Fixed asset investments
			Fixed	UK	Overseas
			Interest 6	Equities 6	Equities 6	Cash 6	Total f
	Market value at 1 January 2023		1,183,003	1,140,433	1,441,525	75,904	3,840,865
	Disposal at opening book value		(478,949)	(147,587)	(174,308)	-	(800,844)
	Acquisition at cost		600,689	28,106	207,033		835,828
	Change in value	in the year	41,267	16,936	164,042	(60,861)	161,384
	Market value at	31 December 2023	1,346,010	1,037,888	1,638,292	15,043	4,037,233
	The investment assets are held:
	In the UK		1,063,476	1,037,888	141,505	15,043	2,257,912
	Outside the UK		282,534		1,496,787		1,779,321
			1,346,010	1,037,888	1,638,292	15,043	4,037,233
	Historical cost:
	At 31 December	2023	1,335,357	667,544	961,493	15,043	2,979,437
	At 31 December	2022	1,238,253	670,329	865,487	75,904	2,849,973
	Endowment funds:		1,346,010	1,037,888	1,638,292	15,043	4,037,233
	General funds
			1,346,010	1,037,888	1,638,292	15,043	4,037,233

10	Debtors								2023f	2022 6
	Other debtors								508	2,798
	Prepayments	and accrued		income					341	361
									849	3,159
11	Creditors: amounts		falling due within			one year			2023	2022
									6	6
	Accruals								10,567	11,089
12	Analysis of net assets between				funds
								General funds	Endowment	Total
									funds
								6	6
	Fund balances at 31 December 2023 are represented						by:
	Investments								4,037,233	4,037,233
	Current assets							36,460	16,087	52,547
	Creditors: amounts		falling due within one year					(3,300)	(7,267)	(10,567)
								33,160	4,046,053	4,079,213
	Unrealised losses included			above:
	On investments								222,245	222,245
									222,245	222,245
	Reconciliation	oflosses on		investment		assets:
	On disposals	in the	year						92,594	92,594
	On the revaluation		ofinvestments		held	at the year end			222,245	222,245
	Total losses	for the	year						314,839	314,839

13	Reconciliation of net cash flow to movement	ln net funds	2023f	2022 6
	Increase/(decrease) in cash		3,343	22,139
	Net funds at 1 January 2023		48,355	26,216
	Net funds at 31 December 2023		51,698	48,355