MIDHURST PENSIONS TRUST
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR E￿DED 5 APIUL 2023

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|||||||2023|2023|2022|
|---|---|---|---|---|---|---|---|---|
||||||Note|Unrestricted|Total|Prior year|
|||||||funds|funds|total funds|
|||||||g|f|8|
|Income from:|||||||||
|Investments||||||61,511|61,511|49,668|
|Total||||||61,511|61,511|49,668|
|Expenditure<br>on:|||||||||
|Raising funds||||||2,434|2,434|2,513|
|Charitable<br>activities||||||53,588|53,588|50,981|
|Total||||||56,022|56,022|53,494|
|Net income/(expenditure)||||||5,489|5,489|(3,826)|
|Other recognised||gains/Gooses):|||||||
|Gains/(losses)|on investment|||assets|10|(304,674)|(304,674)|311,341|
|Net movement|in|funds||||(299,185)|(299,185)|307,515|
|Reconciliation|of|funds:|||||||
|Total funds brought|||forward||15|6,739,529|6,739,529|6,432,014|
|Total funds carried|||forward|||6,440,344|6,440,344|6,739,529|





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||Note|2023|2022|
|---|---|---|---|
|||Total|Prior year|
|||funds|funds|
|||8|8|
|Fixed Assets:||||
|Investments|10|5,859,466|6,239,517|
|Total Fixed Assets||5,859,466|6,239,517|
|Current Assets:||||
|Debtors|11||925|
|Cash at bank|12|584,648|499,087|
|Total Current Assets||584,648|500,012|
|Liabilities:||||
|Creditors: Amounts<br>falling due within one year|13|(3,770)||
|Net Current Assets or Liabilities||580,878|500,012|
|Total Net Assets or Liabilities||6,440,344|6,739,529|
|The Funds ofthe Charity:||||
|Unrestricted<br>funds|15|6,440,344|6,739,529|
|Total Charity Funds||6,440,344|6,739,529|







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||Charity. Co|w|dray Trust L|imited c|harged administration<br>ex|penses off28,3|03 [2022:f25,619|].||
|---|---|---|---|---|---|---|---|---|---|
|4|Investment||income|||||2023|2022|
||Income from||investments|||||58,835|49,656|
||Deposit interest|||||||2,676|12|
|||||||||61,511|49,668|
|5|Expenditure||on raising|funds||||2023|2022|
||||||||||f|
||Investment|management||fees||||2,434|2,513|
|||||||||2,434|2,513|
|6|Charitable|activities||||||||
|||||||Direct costs|Support costs|2023|2022|
|||||||(see note 7)|(see note 8)|Total|Total|
|||||||8|8|||
||Charitable|expenditure||||17,884|35,704|53,588|50,981|
|7|Direct costs|||||||||
||Analysis of||grants made|||||||
||||||||Grants to|Grants to||
||||||||institutions|individuals|Total|
||||||||8||8|
||Relief ofthose in need, by reason||||ofyouth, age, ill-health,|||||
||disability,<br>financial|||hardship|or other disadvantage|||17,884|17.884|
|||||||||17,884|17,884|



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|Support costs|||||2023|2022|
|---|---|---|---|---|---|---|
|Administration<br>expenses|||||28,303|25,619|
|Bank charges|||||2|2|
|Rathbones<br>Trust Company||Limited fees|||4,200|4,200|
|Prior year overprovision|ofIndependent||examination|fee||(960)|
|Legal Entity Identitication||number fee||||74|
|Portfolio Stewardship<br>fees|||||3,199|3,419|
||||||35,704|32,354|



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|Fixed asset investments|2023|2022|
|---|---|---|
||8||
|Market value brought<br>forward|6,239,517|6,058,312|
|Less disposal proceeds|(75,377)|(130,136)|
|Net gains/(losses)<br>on investments|(304,674)|311,341|
|Market value carried forward|5,859,466|6,239,517|
|Geographical<br>analysis|2023|2022|
|United Kingdom<br>investments|5,847,401|6,228,026|
|Overseas investments|12,065|11,491|
||5,859,466|6,239,517|



|Debtors||2023|2022|
|---|---|---|---|
|||f||
|Administration|Expenses||925|
||||925|



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|12|Cash at bank|||||||2023|2022|
|---|---|---|---|---|---|---|---|---|---|
|||||||||g||
||Royal Bank of|Scotland||||||391,357|321,248|
||Schroder &Co|||||||192,914|177,462|
||National<br>Westminster||Bank|||||377|377|
|||||||||584,648|499,087|
|13|Creditors: Amounts||falling due||within one year|||2023|2022|
|||||||||g|g|
||Administration|Expenses||||||571||
||Investment<br>management|||fees||||3,199||
|||||||||3,770||
|14|Movement<br>in funds|||||||2023|2022|
||Unrestricted<br>funds:|||||||||
||Balance brought|forward||||||6,739,529|6,432,014|
||Net movement|in funds||||||(299,185)|307,515|
||Balance carried|forward||||||6,440,344|6,739,529|
||Net movement|in funds included|||in the above are as follows:|||||
|||||||||Gains and|Mavement|
|||||||income|Outgoings|losses|ln funds|
||||||||g|||
||Unrestricted<br>Funds|||||61,511|(56,022)|(304,674)|(299,185)|



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