2022-12-31-accounts

		Page
Report ofthe Trustees		1to3
Statement of Financial Activities
Statement ofcomprehensive	income
Balance Sheet
Notes to the financial statements		7to 11
Analysis of expenditure		12
Rental income schedule		13
Summary ofshare investments	and income	14
Report ofthe independent examiner		15to 16

for the year ended 31	December 202	2
		Unrestricted	Endowment	Total
		Funds	Funds	Funds
		2022	2022	2022	2021
		E
Incoming resources
Investment income
Dividends (page 14)		4,995		4,995	4,604
Interest (page 10)		115		115	12
Other trading activities		29,832		29,832	31,070
Total incoming resources		34,942		34,942	35,686
Charitable expenditure
Direct - re rental income	(page 12)	(9,382)		(9,382)	(6,804)
Investment management	costs	(1,215)		(1,215)	(1,058)
Indirect - general (page 12)		(10,827)		(10,827)	(10,017)
Total resources expended		(21,424)		(21,424)	(17,879)
Gains on investments on	valuation	(25,880)	(15,727)	(41,607)	22,166
Gains on property revaluation
Net movement in funds	for the year	(12,362)	(15,727)	(28,089)	39,973
Total funds at 1 January	2022	295,827	976,595	1,272,422	1,232,449
Total funds at 31 December 2022		283,465	960,868	1,244,333	1,272,422

	2022	2021
Surplus for the financial year	13,518	17,807
Other comprehensive income
Gain on valuation of listed shares	(41,607)	22,166
Funds generated in year as shown on SOFA	(28,089)	39,973

			Notes		2022		2021
Fixed assets
Investment assets					815,000		815,000
Share investments					360,525		399,403
					1,175,525		1,214,403
Current assets
Debtors			10	1,989		2,135
Cash at bank and	in hand			86,889		77,454
				88,878		79,589
Current liabilities			10	(20,070)		(21,570)
Net current assets					68,808		58,019
Total assets less	current		liabilities		1,244,333		1,272,422
Funds
Permanent endowment		fund			960,868		976,595
Unrestricted fund					283,465		295,827
					1,244,333		1,272,422

for	the year ended 31 Decembe	r 2022
4	Employees				2022	2021
	Average number of persons	employed	by the company
5	Tangible fixed assets
			Investment	Fixtures
			properties	and fittings		Total
	Cost or valuation
	At 1 January 2022		815,000	966		815,966
	Additions
	Surplus on revaluation
	Disposals
	At 31 December 2022		815,000	966		815,966
	Depreciation
	At 1 January 2022			966		966
	Charge for the year
	Surplus on revaluation
	On disposals
	At 31 December 2022			966		966
	Net book value
	At 31 December 2022		815,000			815,000
	At 31 December 2021		815,000			815,000

		2022		2021
			Market		Market
		Cost	Value	Cost E	Valuef
Capital fund		129,299	136,278	128,251	150,974
Repairs fund		11,630	12,258	11,536	13,580
Accumulation	fund	201,131	211,989	199,502	234,849
		342,060	360,525	339,289	399,403

				Unrestricted	funds
				General	repairs	Totalf	Fundsf
Income	(page 4)			34,942		34,942
Expenditure (page 12)				(21,424)		(21,424)
				13,518		13,518
Opening	value	as previously	stated	283,123	12,704	295,827	976,595
Funds available		for use		296,641	12,704	309,345	976,595
Net investment		(losses)/gains		(24,465)	(1,415)	(25,880)	(15,727)
				272,176	11,289	283,465	960,868

8	Analysis	of Fund Balan	ces between th	e Net Assets
				Unrestricted	funds
					Extra	Permanent
					ordinary	Endowment
				General	repairs	funds	Total
	Fixed assets/investment		properties			815,000	815,000
	Share investments			211,989	12,258	136,278	360,525
	Net current assets			59,218		9,590	68,808
				272,176	11,289	960,868	1,244,333
9	Analysis	of income
						2022	2021
	Other interest on deposits					115	12
10	Analysis	of Debtors and Creditors
						2022	2021
	Debtors
	Rent deposit held by Solicitors					1,000	1,000
	Insurance	etc prepaid				989	1,135
						1,989	2,135
	Creditors
	Accountancy fees					1,320	1,320
	Deferred	income				17,750	19,250
	Deposit held re Tennis Courts					1,000	1,000
						20,070	21,570

Balance	as at 1 January 2022	19,250
Released	to SOFA in the year	1,500
Balance	as at 31 December 2022	17,750

for the year end	ed 31	December 2022
			2022	2021
Direct expenses	- Rental
Repairs and renewals			5,187	3,700
Insurances			1,154	1,088
Alarm System			711	696
Garden Maintenance			2,330	1,320
			9,382	6,804
Indirect expenses	-general
Clerk - salary			8,100	7,650
Travelling and sundry expenses			1,407	1,047
Accountancy fee			1,320	1,320
Investment management		costs	1,215	1,058
			12,042	11,075
Total expenses			21,424	17,879

for the year ended 31 Dec	ember 2022
		Lockington
		Avenue
		Tennis	Total
	Edenside	Courts	2022	2021
	Hartley	Hartley
Income
Rents received	28,332	1,500	29,832	31,070
Less: expenses
Repairs and renewals	5,187		5,187	3,700
Water rates
lnsurances	1,154		1,154	1,088
Call alarm system	711		711	696
Garden maintenance	2,330		2,330	1,320
	9,382		9,382	6,804
Net surplus/(shortfall)	18,950	1,500	20,450	24,266

for the year ended	31 December	2022
					Income
		Nominal	Cost at	Valuation at	2022	2021
		Holdings	31.12.22	31.12.22
PERMANENT ENDOWMENT FUND
7IM AAP Moderately	Adventurous
Dublin C Grp Acc
7IM AAP Moderately	Adventurous
C Grp Acc		23703	43,952	48,705	110	203
7IM Sustainable Balance CAcc		50028	85,347	87,573	1,309	1,538
			129,299	136,278
EXTRAORDINARY	REPAIRS FUND
Extraordinary repairs fund
7IM AAP Moderately	Adventurous
Dublin C Grp Acc
7IM AAP Moderately	Adventurous
C Grp Acc		2132	3,953	4,381
7IM Sustainable Balance C Acc		4500	7,677	7,877
			11,630	12,258
ACCUMULATED INCOME FUND - Unrestricted
7IM AAP Moderately	Adventurous
Dublin C Grp Acc
7IM AAP Moderately	Adventurous
C Grp Acc		36872	68,370	75,764	182	333
7IM Sustainable Balance C Acc		77821	132,761	136,225	2,153	2,530
			201,131	211,989
Managed Out Portfolio (M8G Securities Ltd)					1,241
Total			342,060	360,525	4,995	4,604