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|CONTENTS||Page|
|---|---|---|
|Trustee and advisors|||
|Trustee report||2-3|
|Independent<br>auditors'|report|4-6|
|Statement offinancial|activities||
|Balance sheet|||
|Notes to the financial|statements|9-13|





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|||||Designated||||
|---|---|---|---|---|---|---|---|
|||||Fund:||||
|||||Extra|Permanent|2022|2021|
||||Unrestricted|Ordinary|endowment|Total|Total|
||||funds|Repair|fund|funds|funds|
|||Notes||f|f|||
|Income from:||||||||
|Investments|||51,392|585||51,977|41,479|
|Total income|||51,392|585||51,977|41,479|
|Expenditure<br>on:||||||||
|Charitable<br>activities||||||||
|Grants made|||25,000|||25,000|18,000|
|Running<br>Almshouses|||20,054|||20,054|17,289|
|Other|||1,285|||1,285|1,700|
|Total expenditure|||46,339|||46,339|36,989|
|Net income before investment||||||||
|gains|||5,053|585||5,638|4,490|
|Net investment|gain/(loss)|4||(894)|(41,405)|(42,299)|305,561|
|Net income and net movement offunds|||5,053|(309)|(41,405)|(36,661)|310,051|
|Reconciliation|offunds|||||||
|Funds at 1 July|2021||52,769|36,119|2,306,747|2,395,635|2,085,584|
|Funds at 30June 2022|||57,822|35,810|2,265,342|2,358,974|2,395,635|





|||Notes|2022|2021|
|---|---|---|---|---|
||||f|f|
|Fixed assets|||||
|Tangible assets|||81,783|81,783|
|Investments|||2,270,995|2,309,283|
|Total fixed assets|||2,352,778|2,391,066|
|Current<br>assets|||||
|Sundry debtors|||11,945||
|Cash at bank|||15,075|6,753|
|Total current assets|||27,020|6,753|
|Current<br>liabilities|||||
|Creditors|||(20,824)|(2,184)|
|Net current assets/(liabilities)|||6,196|4,569|
|Net assets|||2,358,974|2,395,635|
|The funds ofthe Charity|||||
|Unrestricted<br>funds|||57,822|52,769|
|Designated<br>funds|||35,810|36,119|
|Permanent<br>endowment|fund||2,265,342|2,306,747|
|Total Charity funds|||2,358,974|2,395,635|






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||||||2022f|2021f|
|---|---|---|---|---|---|---|
|Secondment||charges - The Salters' Management|Company|Limited~|18,484|15,526|
|Charitable|giving - grant to the Salters' Charitable||Foundation||25,000|18,000|
|Audit fee|||||1,285|1,700|
|Miscellaneous||expenses|||1,272|1,356|
|Investment|managers'<br>fees||||268|377|
|Bank charges|||||30|30|
||||||46,339|36,989|



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||||Capital||
|---|---|---|---|---|
||||(permanent||
||||endowment)<br>Unrestricted||
||||fundf<br>fundsf|Totalf|
|Stock exchange securities at market value|||2,222,709<br>48,151|2,270,860|
|Deposits|||115<br>20|135|
|30June 2022|||2,222,824<br>48,171|2,270,995|
|30June 2021|||2,260,217<br>49,066|2,309,283|
||||2022f|2021f|
|Market value at 1 July|||2,309,283|2,001,234|
|Additions|||4,000|2,500|
|Proceeds<br>Net investment<br>gains /|(losses)||11<br>~42,299)|(11)<br>305,560|
|Market value at30June|||2,270,995|2,309,283|
|Historic cost|||1,264,880|1,260,880|
|Investments<br>held at 30|June 2022 considered|material|in the context ofthe market value ofthe portfolio are:||
|Newton Fund Managers|Global Growth and|Income|Fund for Charities<br>2,270,860|2,309,155|



|||||2022f|2021f|
|---|---|---|---|---|---|
|Other creditors||||1,285|1,977|
|The Salters' Management||Company|Ltd|3,539|207|
|The Salters Charitable|Foundation|||16,000||
|||||20,824|2,184|





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|Net assets analysed<br>between funds|||||
|---|---|---|---|---|
||||Capital||
||||(permanent||
||Unrestricted|Designated|endosvment)|Total:|
||funds|fund|fund|2022|
||f||f|f|
|Land and buildings|||81,783|81,783|
|Investments|48,151|35,810|2,187,034|2,270,995|
|Net current assets|9,671||(3,475)|6,196|
||57,822|35,810|2,265,342|2,358,974|
|PRIOR YEAR: Net assets analysed<br>between funds|||Capital<br>(permanent||
||Unrestricted|Designated|endowment)|Total:|
||funds|fund|fund|2021|
||f||f|f|
|Land and buildings|||81,783|81,783|
|Investments|49,046|36,119|2,224,118|2,309,283|
|Net current assets|2,047||6,904|4,569|
||46,999|36,119|2,312,805|2,395,635|



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|Statement ofF|inancial Activiti|es fo|r the year ended|30June 2021||||
|---|---|---|---|---|---|---|---|
|||||Fund:||||
|||||Extra|Permanent|2021|2020|
||||Unrestricted|Ordinary|endowment|Total|Total|
||||funds|Repair|fund|funds|funds|
|||||||f|f|
|Income from:||||||||
|Investments|||40,597|882||41,479|57,606|
|Total income|||40,597|882||41,479|57,606|
|Expenditure<br>on:||||||||
|Charitable<br>activities||||||||
|Grants made|||18,000|||18,000|30,000|
|Running<br>Almshouses|||17,289|||17,289|23,245|
|Other|||1,700|||1,700|1,990|
|Total expenditure|||36,989|||36,989|55,235|
|Net income before investment||||||||
|gains|||3,608|882||4,490|2,371|
|Net investment|gains||6,070|6,490|293,0Dl|305,561|~739,760)|
|Net income and net movement||of||||||
|funds|||9,678|7,372|293,001|310,051|(116,789)|
|Reconciliation|offunds|||||||
|Funds at<br>1 July|2020||43,091|28,747|2,013,746|2,085,584|2,202,373|
|Funds at30June 2021|||52,769|36,119|-,3D6,747|2,395,635,085,584||