2023-03-31-accounts

Reviewing	the finanoal statement disclosures and testing	the finanoal statement disclosures and testing	to supporting	documentation	documentation	to assess compliance with	to assess compliance with	to assess compliance with
provisions	of relevant laws and regulations	descnbed as	having a direct	effect on the financial statements.
Enquiring	ofmanagement
Performing	analytical procedures to identify any unusual		or unexpected		relationships	that may indicate nsks of		material
misstatement due to fraud.
Reading minutes ofmeetings ofthose charged with governance.
In addressing the risk offraud through management override ofcontrols, testing the						appropriateness	ofloumal	entnes
and other	adjustments.
Assessing	whether the judgements made	in making accounting estimates			are indicative of a potenbal		bias; and
evaluating	the rationale ofany significant	transacbons that are unusual		or outside the		normal conduct	ofthe charitys
affairs and
As part of	assessing relevant controls, we	sought to gain	an understanding		ofthe impact that covID-19 and remote
working had on the nature and operation		ofthose controls, to inform our nsk assessment and conclusions on their
effectiveness.

						Unrestricted	Permanent	Total	Total
						Income	Endowment	Funds	Funds
						Funds	Funds
					Note	2023	2023	2023	2022
						6	E	E
Income and endowments			from:
Investment income
- Dividends						263,696		263,696	233,945
-The Charities Property			Fund			77,710		77,710	76,240
-Gross interest						727		727	62,759
Total income						342,133		342,133	372,944
Expenditure on:
Raising funds —investment				manager fees	5.	73,383		73,383	72,796
Charitable activities		—grants		payable	12	367,752		367,752	267,565
Other expenditure					3.	27,74'-I		27,744	31,644
Total expenditure						468,879		468,879	372,005
Net gains/(losses)	on investments
- realised									2,342,583
- unrealised							(526,760)	(526,760)	(1,604,730)
Net income
and net movement		in funds				(126,746)	(526,760)	(653,506)	738,792
Reconciliation offunds:
Total funds brought		forward				72,747	9,463,366	9,536,113	8,797,321
Total funds carried		forward				(53,999)	8,936,606	8,882,607	9,536,113

			AS AT31 MA	RCH 2023
					2023		2022
			Note
Fixed Assets
Investments
The Charities	Propeny	Fund			1,623,180		1,874,340
Quoted Investments					7,118,651
Bank Deposit							7,400,719
Programme related investments							10,200
					8,74'l, 831		9,285,259
Current Assets
Debtors			8.	18,331		20,261
Cash at Bank				127,645		255,922
				145,976		276,183
Creditors
Amounts falling due within one		year	9.	(5,200)		(25,329)
Nec Current Assets					140,776		250,854
Net Assets					8,882,607		9,536,113
Charity Funds
Endowment	fund				8,936,606		9,463,366
Unrestricted	income	fund			(53999)		72,747
Total charity funds			10.		8,882,607		9,536,113

					Note	2023	2022
						6	E
Net cash flow from operating			activities			(128,277)	44,722
Net (decrease)/	increase	in cash and cash equivalents				(128,277)	44,722
Cash and cash	equivalents	at	the beginning	ofthe year		255,922	211,200
Cash and cash	equivalents	at	the end ofthe year			127,645	255,922
Cash and cash	equivalents	comprises:
Cash at bank and in hand						127,645	255,922
Short term deposits
Cash and cash	equivalents	at	the end ofthe year			127,645	255,922

		2023	2022
		E
Other expenditure
Audit ofthe financial statements		3,600	3,600
Preparation ofthe financial statements		1,812	1,510
Financial administration,	legal and other expenses	22,200	26,400
Bank charges		132	134
		27,744	31,644

						2023	2022
						E	E
(Decrease)/	increase	in funds				(653,506)	738,792
Management	fees deducted		from	investment	portfolio	6,469	25,987
Profit/ (loss)	on investments					526,760	(737,853)
Programme	related	investments				10,200	3,600
Decrease in	debtors					1,930	2,145
(Decrease)/	Increase	in creditors				(20,130)	12,051
Net cash outflow from operating				activities		(128,277)	44,722

									2023		2022
Investment Management			costs						E		E
The Chanties	Property	Fund							9,793		9,768
Cazenove Capital - Quarterly				management		fees					26,328
Cazenove Capital —Internal				fund	management		fees				36,700
CCLA —Management fees									63,590
									73,383		72,796
									2023		2022
Investments
									E		6
The Charities	Property	Fund						18.57	1,623,180	20.21	1,874,340
CCLA investments:								81.43	7,118,651
									8,741,831		1,874,340
Portfolio cash	- Cazenove		Capital		Cash Deposit		Account			79.79	7,400,719
								10000	8,741,831	100.00	9,275,059
Shares and securities		—movement			in year
Market value	at 1 Apnl	2022 and			1 Apnl 2021						6,906,081
Additions									7,394,251
Disposals											(5,041,091)
Unrealised gain/(loss)									(275,600)		(1,864,990)
Market value	at 31 March		2023 and 31 March				2022		7,118,651

				NOTES TO THE FINANCIAL STATEMENTS	NOTES TO THE FINANCIAL STATEMENTS
				FOR THE YEAR ENDED 31 MARCH 2023
						2023f	2022 E
	The Charities Property		Fund —movement in year
	Market value at I April		2022 and	1 April 2021		1,874,340	1,614,080
	Unrealised	profit/(loss)				(251,160)	260,260
	Market value at 31 March 2023 and 31 March 2022					1,623,180	1,874,340
						2023 E	2022f
	Programme	related investments		-loans
	Frenford Clubs						10,200
	The Frenford Clubs loan was written off in the year and is				included as a donation.
						2023	2022
						E	E
	Debtors
	Accrued income					18,331	20,261
						2023	2022
						E
9.	Creditors due within one year
	Accrued expenses					5,200	25,330
10.	Movement	in funds for	the financial year
					Income	Endowment	Total
					E	E
	Balance at	I April 2022			72,747	9,463,366	9,536,113
	Movement	in funds for	the year		(I26,746)	(526,760)	(653,506)
	Balance at	31 March 2023			(53,999)	8,936,606	8,882,607
	Consisting	of:
	Fixed asset	investments				8,741,831	8,741,83'I
	Current assets				(48,799)	194,775	145,976
	Current liabilities				(5,200)		(5,200)
					(53,999)	8,936,606	8,882,607

Institution			Relationship	to the Charity (ifapplicable)	to the Charity (ifapplicable)	to the Charity (ifapplicable)	Grant made
							E
Essex Boys' and Girls'	Clubs		J.P. Douglas	Hughes	is chairman	and MJ Dyer 8 J A Fosh are trustees	76000
Cirdan Sailing Trust			J.P. Douglas-Hughes		is Trustee		75,000
Stub hers Adventure	Centre						38,792
North Avenue Youth	Centre						18,590
Chain Reaction Theatre		Company	MJ. Dyer is	Chairman			16,769
Ab Phats Youth Club							16,653
Ormiston Families							10,000
StStephens Community		Trust					10,000
							261,804
Other grants							105,948
							367,752

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