**CLEVELAND SCIENTIFIC INSTITUTION (A company limited by guarantee)**
**101[st] Report and Financial Statements**
**Year ended 30th June 2022**
**Company Registration No: 191037 Charity Registration No: 250599**
1
**CLEVELAND SCIENTIFIC INSTITUTION (A company limited by guarantee)**
## **101[st] Report and Financial Statements**
**Year ended 30th June 2022**
## **CONTENTS**
|Report of the Management Committee|3-11|
|---|---|
|Independent Examiner’s Report|12|
|Statement of fnancial activities|13|
|Balance sheet|14|
|Notes forming part of the fnancial statements|15-17|
2
## **CLEVELAND SCIENTIFIC INSTITUTION**
## **101[st] ANNUAL REPORT**
## **REFERENCE & ADMINISTRATIVE INFORMATION**
**The Council has pleasure in submitting its 101[st] Annual Report to the members of the Institution covering the year to 30th June 2022.**
## **COUNCIL (Directors and Trustees)**
President
J McGinnis
Vice President
J Rout
## **Representatives of the Member Societies**
Cleveland Institution of Engineers
S M Parker A Kirk V Ludlow M Lewis J Rout A McGlynn
Chartered Quality Institute A McGlynn Energy Institute Insurance Institute of Middlesbrough C N Heslop Institute of Measurement and Control J Noon Institute of Physics A C Brabbs Institution of Chemical Engineers A P Northey Institution of Civil Engineers S J Kellerman Institution of Engineering and Technology D Young Institution of Mechanical Engineering T B Bradley Royal Society of Chemistry L Elliott Teesside University N Dawood Welding Institute D Atkinson.
**Ex Officio (Past Presidents)**
A C Tickner G Fletcher D A Mills K A Bell
S J Kellerman S A Taylor A P Northey R M North G Jones C R Howard P W Shelton
Appointed in Accordance with the Articles of Association
W Suthers
3
## **CLEVELAND SCIENTIFIC INSTITUTION**
# **101[st] ANNUAL REPORT (Continued)**
# **OFFICERS AND ADVISERS**
## **Honorary Treasurer**
W Suthers
c/o School of Computing, Engineering and Digital Technologies Teesside University Middlesbrough TS1 3BA
## **Honorary Secretary**
W Suthers
c/o School of Computing, Engineering and Digital Technologies Teesside University Middlesbrough TS1 3BA
## **Bankers**
Virgin Money Linthorpe Road Middlesbrough TS1 1RF
## **Independent Examiner**
Jonathan Gresham, FCCA Azets
New Garth House, Upper Garth Gardens Guisborough TS14 6HA
## **Stockbrokers**
Redmayne Bentley LLP Church House, College Square, Stokesley Middlesbrough TS9 5DN
**Company Registration Number: 191037 Charity Registration Number: 250599**
4
## **CLEVELAND SCIENTIFIC INSTITUTION**
## **101[st] ANNUAL REPORT (Continued)**
## **MEMBER SOCIETIES**
## **Cleveland Institution of Engineers**
## **Chartered Quality Institute**
Materials Processing Institute Eston Road, Grangetown, Middlesbrough, TS6 6US
Chancery Exchange, 10 Furnival St, London EC4A 1AB
## **Energy Institute**
61 New Cavendish Street London,W1G 7AR
## **Insurance Institute of Middlesbrough**
Tim Allen Acklam Middlesbrough TS5 8RP
18 Stotfield Walk
**Institute of Measurement and Control**
Mike Vowell, 26 Pentland Avenue, Redcar, TS10 4HD
## **Institute of Physics**
Alex Brabbs 76 Portland Place London, W1B 1NT
## **Institution of Civil Engineers**
Room 208 Drummond Building School of Civil Engineering and Geosciences Newcastle University Claremont Road Newcastle upon Tyne NE1 7RU
## **Institution of Chemical Engineers**
## **Institution of Engineering and Technology**
## **Institution of Mechanical Engineers**
Membership Department, Davis Building, Rugby, CV21 3HQ
David Young, 52 Rushmere, Marton, Middlesbrough, TS8 9XL
28 The Poplars Wolviston Stockton on Tees TS22 5LY
## **Royal Society of Chemistry**
Membership Department, Thomas Graham House, Science Park, Milton Road, Cambridge, CB4 0WF
**Teesside University** Technologies
School of Computing, Engineering & Digital
Teesside University Middlesbrough, TS1 3BA
**Welding Institute**
Don Atkinson Aurora Court, Barton Road Riverside Park Middlesbrough TS2 1RY
## **Applications for membership of any of the above should be made to the address shown.**
5
**CLEVELAND SCIENTIFIC INSTITUTION**
## **101[st] ANNUAL REPORT (Continued)**
## **YEAR ENDED 30th JUNE 2022**
## **About the Institution**
The Institution is registered as a Company Limited by Guarantee. In the event of the Institution being wound up, each Member is liable to pay an amount, not exceeding £10 for up to one year after ceasing to be a Member.
The Institution was registered in 1923 as the Cleveland Scientific & Technical Institution and in 1965 changed its name to the Cleveland Scientific Institution. It is governed by Articles of Association and By-Laws adopted in 2015.
## **Articles of Association and Membership**
The Objects have been updated to reflect that the Institution is currently primarily a grant giving body which aims to encourage people (especially young people) to take up STEM subjects as a career and also to encourage research in those subjects. Membership had, in the past, been open to members of subscribing societies. It proved impossible to keep a check on these, so it was decided to make the Societies themselves the members. The remainder of the new Articles reflect the standard ones issued by the Charities Commission.
## **Objective of the Institution**
The objective of the Institution is the advancement of Science, Technology, Engineering and Mathematics and related subjects including their application in education, industry and practice, amongst the public and professionals within the Tees Valley (currently defined as the unitary authorities of Darlington, Stockton on Tees, Hartlepool, Middlesbrough and Redcar and Cleveland and surrounding areas, including Richmond and Whitby).
The Council have considered the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing its aims and objectives in planning its future activities.
The Institution is governed by the Council, which meets regularly. The day-to-day affairs of the Institution are carried out on its behalf by the School of Computing, Engineering and Digital Technologies at Teesside University. Members of the Council assist in specific tasks and serve on various Committees which meet as required and as the Institution requires from time to time.
## **Powers of Investment and Investment Policy**
The Council’s powers of investment are laid out by the Articles of Association. These powers require it to invest the monies of the Institution not immediately required for its purposes in or upon such investments, securities or property as may be thought fit.
Until 2013, there had been no investment policy in operation other than to invest in Government Stock. In order to safeguard the future of the finances of the Institution, a formal policy was drawn up. This states that the Institution should invest in a diverse range of investments. The aim is to provide a growing income stream (to combat inflation) and to maintain the current level of its capital base in real terms. Other than Government Stocks, the investments were initially restricted to Investment Trusts. Recently, as the main holding in Government Stocks have become ‘medium term’ the sale of these and reinvestment of funds has been delegated to the Institution’s broker, Redmayne Bentley. No new investment shall be worth 10% or more of the total value at the time of investment. The full policy is set out on the Institution’s website and is subject to revision through a resolution at the AGM **.**
7
## **CLEVELAND SCIENTIFIC INSTITUTION**
## **101[st] ANNUAL REPORT (Continued)**
**YEAR ENDED 30th June 2022**
## **Conflicts of Interest Policy**
The Institution is mindful of the need to avoid conflicts of interest and to have a policy to state its position on the matter. Particularly in view of the fact Councillors are nominated by Member Societies, it is required that they identify possible conflicts and go on to prevent this affecting any decision by declaring the interest. Additionally, where decisions could result in benefits to a councillor this must also be declared. The policy goes on to require that any potential or actual conflicts of interest must be recorded in the appropriate minutes.
## **Code of Conduct Policy**
The Institution is always mindful that its Trustees act in a considerate and lawful manner. To this end it has drafted a policy for its Trustees to follow. It states that the Trustees must obey the law and abide by the rules laid down by their Institutes. The Trustees should take an active part in the affairs of the CSI, attend meetings, and take part in debates. They should also accept majority decisions and respect confidentiality of the Institution. The Policy was agreed by Members at the Annual General Meeting in November 2016.
## **Review of the year**
The aim of the Council has been to improve the facilities offered principally through the affiliated societies but also through others. The Institution looks for opportunities to advance the cause of the sciences through providing places and facilities for meetings and promotions by way of supporting lectures, exhibitions and conferences especially where these are aimed at student and scholastic bodies and other organisations supporting young people. It also promotes sciences in schools by way of grants and attempts to ensure that otherwise disadvantaged scholars are the target or included in the projects so supported.
## **The Prestigious Lecture**
The Prestigious Lecture has not taken place since 2018 due to Covid.
## **Alfred Clayton Hill and James Winship Jackson Awards**
These awards were not presented in 2021 but have been reinstated for 2022 under revised criteria, as follows:
The Cleveland Scientific Institution Alfred Clayton Hill Award will be presented to an outstanding final year undergraduate student of Teesside University, who has shown most promise and drive in finding additional STEM-related skills and experience beyond their academic studies, for example through voluntary work, summer placement, extra-curricular activity, _etc._
The James Winship Jackson Presidential Award will be presented to an outstanding final year undergraduate student of Teesside University, who has completed a work placement of at least 12 weeks duration and shown additional initiative while on placement.
8
## **Centenary Competition**
The Institution reached its centenary in 2021, and to mark the occasion a competition was organised for school pupils across the 5 – 18 age range, with cash prizes awarded to the winners and runners-up at each Key Stage, and a shield for the school. Prize winners also received a small shield, and all participants received a certificate.
Prize money was originally £100 winner/£50 runner-up at each of KS 1-5. No KS1 entries were received, and only one from KS5, whereas a large number came from KS2. Accordingly, the £150 available from KS1 and £50 from KS5 were added to the £150 for KS2; the resulting £350 was then split into 5 x £70 prizes, which enabled separate prizes to be awarded to the older and younger ends of the KS2 “spectrum”, and one prize to be reserved for the best entry from Grangetown Primary. Their pupils have special educational needs and would have stood no chance in open competition, but the judges felt that their efforts in submitting 10 entries deserved to be recognised.
The secondary school girls who won also received a book called ‘Overcoming the Odds’ which was about women scientists from different parts of the world. The teachers also received a copy. The books were donated to Leila Elliott by a former colleague. Leila, along with Joe McGinnis, visited the winning schools to present the prizes and certificates.
## **Grants**
The application for CSI grants is promoted and overseen by the Education Support Group. Appropriate projects were identified that meet the objectives of the Institution, namely the advancement of sciences, technology, engineering and mathematics (STEM) as defined in the Articles of Association. Several projects were identified, and the following grants awarded:-
## **Grants Awarded**
|**Greenpower Education Trust**
**Whitby Rotary Club - Technology Tournament**
**Bring It On (NE Exhibition for future engineers)**
**Children Challenging Industry**
**3,350**
**Hydrogen Cars Project**
**Total for the year**
|£
**5,073**
**300**
**5,000**
**2,672**
**£16,395**
|
|---|---|
It remains a constant challenge to find worthwhile projects to maintain and develop the Institution’s profile. To this end a website has been set up at www.clevelandscientifc.org.uk which details the Institution’s function.
No donations were received during the year.
9
**CLEVELAND SCIENTIFIC INSTITUTION**
## **101[st] ANNUAL REPORT (Continued)**
## **YEAR ENDED 30th June 2022**
## **Membership**
The number of Member Societies at 30[th] June 2022 was 12.
## **Membership of the Council**
Members of Council are also Directors for the purposes of the Companies Acts and Trustees for the purposes of the Charities Acts. Members of Council are nominated by the member societies. Councillors also can be elected by the Council for their expertise.
During the year:
- Members will be aware of the death of Peter Buckley who contributed a great deal to CSI. There were no further changes in membership during the year.
- There were no new members, although Leila Elliott’s designation was changed so that she is now the nominee from the Royal Society of Chemistry.
All the remaining Directors were Directors for the whole of the year.
11
**CLEVELAND SCIENTIFIC INSTITUTION 101[st] ANNUAL REPORT (Continued)**
## **YEAR ENDED 30th June 2022**
## **Statement of Council’s Responsibilities for Preparing Accounts**
The Members of Council (who are also Trustees and Directors of the Cleveland Scientific Institution for the purposes of Charity and Company Law) are responsible for preparing the Council’s Report and financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Company and Charity law requires the Members of Council to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the Institution and of the incoming resources and application of the same, including income and expenditure, of the Institution for that period. In preparing those financial statements the Members of Council are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to assume that
- the Institution will continue in operation.
The Members of the Council are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Institution and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Institution and hence for taking reasonable steps for the prevention of fraud and other irregularities.
The present level of funding is adequate to support the continuation of the operation of the Institution for the medium term and the Council considers the financial position of the Institution to be satisfactory.
12
## **CLEVELAND SCIENTIFIC INSTITUTION**
## **101[st] ANNUAL REPORT (Continued)**
## **YEAR ENDED 30th June 2022**
## **Financial Matters**
Income for the year was £30,628 (2021, £32,125) all of which was from Investments, namely Interest from Government Securities and Share Dividends. Expenditure for the year, excluding Grants and Bursaries, was £11,779 (2021, £6,311) this looks like a large increase but results from the previous year being low due to Covid. Grants were £16,395 (2021, £17,234).
The remaining Treasury Stock, 4 ¼% 2032 were sold during the year by our broker RedmayneBentley who continue to further diversify our portfolio. The value of the Institution’s investments declined during the year in line with changes in the FT100 index and significant uncertainty in the UK economy. The investments were valued at £732,265 (2021, £775,934). The bond which represents the Alfred Clayton Hill fund, still classed as long-term stock, fell in value from £31,647 to £26,778 during the year.
This all resulted in a total deficit (net movement in Funds) of £43,670 (2021, £90,515 surplus).
The Alfred Clayton Hill Scholarship Funds are consolidated in these accounts to comply with Charity Commission requirements. Separate accounts are recorded for management purposes.
The Institution’s accounts are not audited but an Independent Examiner has been appointed to comply with the Charity Commission’s requirements.
## **Alfred Clayton Hill Scholarship**
The Alfred Clayton Hill Scholarship award is governed by the terms of the will of the late Mr Walter Sacker Hill as varied by the Charities Commission in 1992 and is in the gift of the President of the Institution.
## _**Ac**_ **knowledgements**
The Council also thanks those Members of the Council who gave generously of their time in various individual capacities, on which it is not possible to put a value. In addition, the Council acknowledge the contribution made by Mrs Julie Shelton in her capacity as Administration Secretary and the honorary officers.
This Report has been prepared in accordance with the special provisions in Part 15 of the Companies Act, 2006, relating to small entities.
## **W Suthers Honorary Secretary**
**7[th] November 2022**
13
## **INDEPENDENT EXAMINER’S REPORT TO THE COUNCIL OF CLEVELAND SCIENTIFIC INSTITUTION**
I report on the accounts of the Institution for the year ended 30th June 2022 set out on pages 11 to 15.
## **Respective responsibilities of Members of Council and Examiner.**
The Members of Council of the Institution, (who are also Trustees of the Institution for the purposes of Charity Law and who are also Directors of the Institution for the purposes of Company Law), are responsible for the preparation of the accounts. The Members of Council consider that an audit is not required for this year under section 144(2) of the Charities Act, 2011, (the 2011 Act) _,_ and that an independent examination is needed.
Having satisfied myself that the Institution is not subject to an audit under Company Law and is eligible for independent examination it is my responsibility to:
- examine the Accounts under Section 145 of the 2011 Act:
- follow the procedures laid down in the General Directions given by the Charities Commissioners (under Section 145(5)(b) of the Act as amended: and
- state whether particular matters have come to my attention.
## **Basis of Independent Examiner’s statement**
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Institution and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as Members of Council concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.
## **Independent Examiner’s statement**
In connection with my examination, no matter has come to my attention:
- 1 which gives me reasonable cause to believe that, in any material respect, the requirements:
- to keep accounting records in accordance with Section 386 of the Companies Act, 2006; and
- to prepare accounts which accord with the accounting records, comply with the accounting requirements of Section 396 of the Companies Act ,2006, and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met: or
2 to which. In my opinion, attention should have been drawn in order to enable a proper understanding of the Accounts to be reached.
15
**Name: Jonathan Gresham**
**New Garth House Upper Garth Gardens Guisborough TS14 6HA 7[th] November 2022**
**Institution: ACCA**
**Date:**
## **CLEVELAND SCIENTIFIC INSTITUTION**
## **STATEMENT OF FINANCIAL ACTIVITIES (including Income and Expenditure Account) YEAR ENDING 30th JUNE 2022**
||**Notes**|**Unrestricted**||
|---|---|---|---|
|||**Funds**|**Funds**|
|||**2022**|**2021**|
|||**£**|**£**|
|**INCOMING RESOURCES FROM GENERATED FUNDS**||||
|**Investment income**||||
|Returns on investment||30628|32125|
|||──────|──────|
|**TOTAL INCOMING RESOURCES**||30628|32125|
|||══════|══════|
|**RESOURCES EXPENDED**
|2|||
|**Costs of generating funds**||||
|**Charitable activities**||||
|Direct Expenditure in the furtherance|of the charity’s objects27454||22865|
|**Governance costs**||720
|680|
|||──────|──────|
|**TOTAL RESOURCES EXPENDED**||28174|23545|
|||══════|══════|
|**NET INCOMING RESOURCES**|3||2454 8580|
|Proft/(Loss) on Sale of Investments|||- (5532)|
|Proft/(Loss) on revaluation of investments|||(43670) 90515|
|||──────|──────|
|**NET MOVEMENT IN FUNDS**||(41216)|93563|
|||══════|══════|
|**Total funds at 1st July 2021 brought forward**||806708|713145|
|||══════|══════|
|**Total funds at 30th June 2022 carried forward**||765492|806708|
|||══════|══════|
16
The Statement of Financial Activities includes all gains and losses recognised in the year. All incoming resources and resources expended derive from continuing activities.
The notes on pages 13 to 15 form part of these statements.
17
## **CLEVELAND SCIENTIFIC INSTITUTION**
## **BALANCE SHEET**
## **AS AT 30th JUNE 2022**
**----- Start of picture text -----**
2022 2021
Notes £ £ £ £
Fixed assets
Tangible assets 5 - -
Investments 6 732265 775934
────── ─────
732265 775934
Current assets
Cash at bank and in hand 36578 31941
Creditors: amounts falling due
within one year 7 (3351) (1167)
────── ────
Net current assets 33227 30774
────── ──────
Net assets 765492 806708
══════ ══════
Unrestricted funds
General funds 8 765492 806708
══════ ══════
**----- End of picture text -----**
For the year ended 30 June 2022 the company was entitled to exemption under Section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with Section 476.
- The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006 and with the Financial Reports Standard for smaller entities (effective April 2008).
Approved by the management committee (Council of the Institution) on 7[th] November 2022 and signed on its behalf by:
## **J McGinnis**
## **President**
The notes on pages 13 to 15 form part of these statements
18
**CLEVELAND SCIENTIFIC INSTITUTION**
## **NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30th JUNE 2022**
## **1. Accounting policies**
## **(a) Basis of Accounting**
The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value. The Financial Statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Companies Act 2006 and in accordance with “Accounting and Reporting by Charities” Statement of Recommended Practice issued in 2005.
## **(b) Incoming Resources**
All incoming resources are included in the SOFA when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy for legacies. Entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received.
## **(c) Resources Expended**
Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered. Resources expended are allocated to the particular activity where the costs relate directly to that activity. However, expenses such as rent or rates and energy are apportioned as to floor space. Administration costs are split equally.
## **(d) Tangible Fixed Assets and Depreciation**
Tangible fixed assets are capitalised and included at cost including any incidental costs of acquisition.
Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life at the following rate:
Furniture and Equipment
10 years.
## **(e) Unrestricted Funds**
Unrestricted Funds are donations and other incoming resources receivable or generated for the objects of the Charity without further specified purposes and are available as general funds.
## **(f) Investments**
All Investments are stated at market value. The SOFA includes the net gains and losses arising on revaluations and disposals throughout the year.
19
## **CLEVELAND SCIENTIFIC INSTITUTION**
## **NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30th JUNE 2022**
## **2. Total resources expended**
|**Basis of**
**Charitable**
**Governance**
**Allocation**
**Activities**
**Costs**
**£**
**£**
Grants paid
Direct
16395
-
Centenary costs
Direct
1348
-
Insurances
Direct
1275
-
Administration
Direct
3526
-
Meeting Costs
Direct
-
-
Miscellaneous Costs Direct
-
-
Accountancy
Direct
-
720
Commission & charges
Direct
4910
4868
Sponsorship
Direct
-
-
**Total Resources Expended**
27454
720
**3.**
**Net incoming resources for the year**
**2022**
**£**
This is stated after charging:
Independent Examiner’s remuneration
720|**2022**
**£**
16395
1348
1275
3526
-
-
720
-
-
28174
**2021**
**£**
667|**2021**
**£**
17234
-
1137
2411
(3135)
13
667
4910
350|
|---|---|---|
|||23545|
||||
No emoluments or reimbursed expenses were paid to members of the management committee.
## **4. Taxation**
The charitable company is exempt from corporation tax on its charitable activities.
|**5.**
**Tangible fxed assets**
**Furniture &**
**Equipment**
**£**
**Cost**
At 1st July 2021 and 30th June 2022
275
**Depreciation**
At 1st July 2021 and 30th June 2022
(275)
**Net book value**
At 30th June 2021 and 30th June 2022
═══|_______
-
═══|
|---|---|
20
There were no capital commitments at 30th June 2022 (2021 - £Nil).
## **CLEVELAND SCIENTIFIC INSTITUTION**
## **NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30th JUNE 2022**
|**6.**|**Investments**|**2022**||**2021**|
|---|---|---|---|---|
|||**£**||**£**|
||**Stocks under management:-**||||
||At 30th June 2021|352147||356137|
||Purchased during the year|-||69841|
||Sale of Investments during the year|-||(73725)|
||Gain/(Loss) Realised during the year|-|(5532)||
||(Decrease)/Increase in investments from change in value(24231)|||5426|
|||──────||──────|
||At 30th June 2022|327916||352147|
|||══════||══════|
||**Investment Trusts:-**||||
||At 30th June 2021|423532||338443|
||Purchased during the year|
-||-|
||Sale of Investments during the year|-||-|
||Gain Realised during the year|-||-|
||(Decrease)/Increase in investments from change in value(19439)|||85089|
|||──────||──────|
||At 30th June 2022|404093||423532|
|||══════||══════|
||Cash for Investment|256||255|
|||══════||══════|
||**Total Value of Investments at 30th June 2022**732265|||775934|
|||══════||══════|
||**Historical cost of investments at 30th**|**June 2022**669428||669428|
|||══════||══════|
|**7.**|**Creditors: amounts falling due within one year2022**|||**2021**|
|||**£**||**£**|
||Sundry Creditors|-||-|
||Accruals|3351
||1167|
|||─────||─────|
|||3351||1167|
|||═════||═════|
## **8. Movement in funds**
21
||**At 1st July**|**Incoming**|**Outgoing**|**At 30th June**|**At 30th June**|
|---|---|---|---|---|---|
||**2021**|**Resources **|**ResourcesRevaluations**||**2022**|
||**£**|**£**|**£**|**£**|**£**|
|General funds|806708|30628|(28174)|(43670)|765492|
||══════|═════|═════|═════|═════|
22