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|**Trustees**|Jennifer Helen Fraser|
|---|---|
||Caroline Nicola Helen Philipson-Stow|
||Matthew Christopher Bennett|
||Simon William Norie Fraser|
|**Charity number**|**244444**|
|**Principal Office**|Alexandra House|
||St Johns Street|
||Salisbury|
||Wiltshire|
||SP1 2SB|
|**Independent Examiner**|James Fletcher FCA|
||Fletcher & Partners|
||Crown Chambers|
||Bridge Street|
||Salisbury|
||SP1 2LZ|
|**Solicitors**|Wilsons Solicitors LLP|
||Alexandra House|
||St Johns Street|
||Salisbury|
||Wiltshire|
||SP1 2SB|
|**Investment advisors**|Quilter Cheviot Investment Management|
||90 LongAcre|
||London|
||WC2E 9RA|
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||**Page**|
|---|---|
|Trustees' report|1-2|
|Statement oftrustees' responsibilities|3|
|Independent examiner's report|4|
|Statement offinancial activities|5|
|Balance sheet|6|
|Notes to the accounts|7-11|
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|||Unrestricted|**Restricted**|**Total**|**Total**|
|---|---|---|---|---|---|
|||**funds**|**funds**|**2023**|**2022**|
||**Notes**|£|£|£|£|
|**Income from:**||||||
|Investments||99,430.90||99,430.90|99,935.16|
|Expenditure on:||||||
|Raisingfunds|2||(20,879.68)|(20,879.68)|(22,049.75)|
|Charitable activities|3|(131,034.79)|(4,212.79)|(135,247.58)|(131,632.00)|
|**Total resources expended**||(131,034.79)|(25,092.47)|(156,127.26)|(153,681.75)|
|Net gains/(losses) on investments|7||(262,359.64)|(262,359.64)|295,044.95|
|**Net movement**in **funds**||(31,603.89)|(287,452.11)|(319,056.00)|241,298.36|
|Fund balances at 6 April 2022||232,337.26|3,438,461.29|3,670,798.55|3,429,500.19|
|Fund balances at 5 April 2023||200,733.37|3,151,009.18|3,351,742.55|3,670,798.55|
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||||**2023**||**2022**|
|---|---|---|---|---|---|
||Notes|£|£|£|£|
|Fixed assets||||||
|Investments|**10**||3,234,889.35||3,518,355.24|
|**Current assets**||||||
|Debtors|**8**|329.76||||
|Cash at bank and in hand||125,449.56||159,577.42||
|||125,779.32||159,577.42||
|**Creditors: amounts falling due within**|**9**|||||
|**one year**||(8,926.12)||(7,134.11)||
|Net current assets|||116,853.20||152,443.31|
|**Total assets less current liabilities**|||3,351,742.55||3,670,798.55|
|Funds|**11**|||||
|Restricted funds|||3,151,009.18||3,438,461.29|
|Unrestricted funds|||200,733.37||232,337.26|
||||3,351,742.55||3,670,798.55|
|The accounts were a~roved on behalf of the Trustees on)..._&.f:..t'!fj··~O:)_ y-_
z±
˱d||||||
|**Trustee**||**Trustee**||||
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|||**`2023`**|**`2022`**|
|---|---|---|---|
|||£|£|
||Investment management|**20,879.68**|22,049.75|
|||**20,879.68**|22,049.75|
|**`3`**|**Charitable activities**|||
|||**`2023`**|**`2022`**|
|||£|£|
||Grant funding of activities (see note 4)|125,250.00|125,200.00|
||Share of governance costs (see note 5)|9,997.58|6,432.00|
|||135,247.58|131,632.00|
|**4**|**Grants payable**|||
|||**`2023`**|**`2022`**|
|||£|£|
||Grants to institutions:|||
||Elderly|19,000.00|25,500.00|
||Children|22,000.00|37,700.00|
||Blind and otherwise handicapped|24,000.00|21,500.00|
||Medical research|41,250.00|30,500.00|
||Environmental heritage|19,000.00|10,000.00|
|||125,250.00|125,200.00|
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|**5**|**Support costs**||||||
|---|---|---|---|---|---|---|
|||**Governance**||**`2023`**||**`2022`**|
|||**costs**|||||
||||£|£||£|
||Legal fees|8,425.58||8,425.58||5,142.00|
||Independent Examiner fees|1,572.00||1,572.00||1,290.00|
|||9,997.58||9,997.58||6,432.00|
||Charitable activities|9,997.58||9,997.58||6,432.00|
|**6**|**Trustees**||||||
||No expenses or remunerations were paid to any of||the|trustees duringthe year.|||
|**7**|**Net gains/(losses) on investments**||||||
||||||**`2023`**|**`2022`**|
||||||£|£|
||Revaluation of investments||||(397,357.90)|294,954.26|
||Gain/(loss) on sale of investments||||134,998.26|90.69|
||||||(262,359.64)|295,044.95|
|**8**|**Debtors**||||||
||||||2023|**`2022`**|
||**Amounts falling due within one year:**||||£|£|
||Other debtors||||329.76||
|9|Creditors: amountsfalling due within one year||||||
||||||2023|2022|
||||||£|£|
||Othercreditors||||8,926.12|7,134.11|
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|**10**|**Fixed asset investments**|**2023**|**2022**|
|---|---|---|---|
|||**Investment**|**Investment**|
|||**Portfolio**|**Portfolio**|
|||£|£|
||Market value as at 5 April 2022|3,518,355.24|3,242,990.24|
||Acquisitions in year|298,904.43|188,197.66|
||Disposals in year at carrying value|(404,230.97)|(215,096.71)|
||Unrealised surplus on revaluation|(245,341.53)|309,325.09|
||Increase in cash held by investment manager|67,202.18|(7,061.04)|
||Market value as at 5April 2023|3,234,889.35|3,518,355.24|
||Listed on recognised stock exchanges|3,141,461.86|3,492,129.93|
||Cash deposits|93,427.49|26,225.31|
|||3,234,889.35|3,518,355.24|
||Historical cost of listed investments at 5April 2023|2,279,607.14|2,232,917.31|
|**11**|**Funds**|**Unrestricted**|**Restricted**|
|||£|£|
||Fund balances at 6April 2022|232,337.26|3,438,461.29|
||Income|99,430.90||
||Expenditure|(131,034.79)|(25,092.47)|
||Gains/losses on investments||(262,359.64)|
||Fund balances at 5 April 2023|200,733.37|3,151,009.18|
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|**12**|**Prior year statement of financial activities**||||
|---|---|---|---|---|
|||Unrestricted|Restricted||
|||funds|funds|Total|
|||£|L|£|
||Incomefrom:||||
||Investments|**99,935.16**||**99,935.16**|
||Expenditure:||||
||Raising Funds||**(22,049.75)**|**(22,049.75)**|
||Charitable activities|**(129,061.00)**|**(2,571.00) **|**(131,632.00)**|
||Total resources expended||||
|||**(129,061.00)**|**(24,620.75) **|**(153,681.75)**|
||Net gains/(losses) on investments||**295,044.95**|**295,044.95**|
||Net movement in funds|**(29,125.84)**|**270,424.20**|**241,298.36**|
||Fund balances at 5April 2021|**261,463.10**|**3,168,037.09 **|**3,429,500.19**|
||Fund balances at 5 April 2022||||
|||**232,337.26**|**3,438,461.29 **|**3,670,798.55**|