d. Identifying and tosb.ng ioumal entries. partrty those Twhth appèar to unusual by size or nature Because of the inherent linital of an audit there is a risk that wll not delect all wregularTties, including those leading to a material misstatement in the financ1 statements cff Mn4x)mpliance with rOgatiOns. This risk Irease8 the more that compliance vrilh a L•v or regufatK)n removed from the events and transactions refiected in the finanaal statements. as we wdl l>e less likely to beco awdre of inslances of non-compliance. The risk is also gr&ater regardiryj irregularities occurrin9 due to fraud rather error, as fraj invofv85 intentional concealrrent. forgery, llUsIon, Thn10n or ne•ll. A further description of our re5F4s1bIh.l for the audrt of the financjal statennts is Ic£atsd on the Financial Reporting Council's website at hty)s'.1lvh.frc.Qr9.oUr-WcwkjAud1vAudiI-andrya$Surance1StSndardSX7nd- guidancelStandards-and-guanCe--audit0r$IAudit0reS[KJnsibIllt5-f01-ayIUDeSc[lption-0f-adIlOrS- sponsibilities-for-audit.aspx. This descripkn fon[ pi of our authtr¢s repcrt U40 ol our report This report is made solety to the Chtab CLYnpany's membefs. as a body, in aorce with Chapter 3 of Part 16 of the Companies Act 2006. Our audit has en urwjertaken so that we h1 state to the company's members those mattets we are requed to state to them in an auditorfs repryt for no other purpose. To the fullest exlent Fefmitted by law, we do not accept or assume respons)I11ty lo anyone other than the coryany and the Company's members as a body. ft)r our audit work, brthis rep)rL ty for the opinhS we have fL¥rwl. tha Daniels {Senior Statutory Authtor For arKI on behat of Shaw Gibbs Limited Chartered Certified Accountants and Statuknry Auditor 1111949 264 B*bury Road Oxford OX2 7DY
| I9&FLIA 2022 | SOFA year | ended 30Sept 2022 | ended 30Sept 2022 | SOFA year | ended 30Sept 2021 | ended 30Sept 2021 | ||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Totals | Unrestricted | Restricted | Totals | |||
| Funds | Funds | '2022 | Funds | Funds | '2021 | |||
| Incoming Resources | f | f | f | f | f | f' | ||
| Investment Income and |
Interest | |||||||
| 34,340 | 99,920 | 134,260 | 33,745 | 98,187 | 131,932 | |||
| Total Incoming Resources | 34,340 | 99,920 | 134,260 | 33,745 | 98,187 | 131,932 | ||
| Resources Expended | ||||||||
| Portfolio Management Fees |
4,978 | 18,005 | 22,983 | 4,917 | 17,783 | 22,700 | ||
| Allocations and Interest due to funds | 95,420 | 95,420 | 0 | 94,173 | 94,173 | |||
| Administration | 1,487 | 1,487 | 2,852 | 0 | 2,852 | |||
| Audit Fees | 4,500 | 4,500 | 0 | 4,014 | 4,014 | |||
| Professional Fees - Accounting |
+ Law | 3,500 | 3,500 | 3,200 | 0 | 3,200 | ||
| Grants to General Assembly | 29,353 | 29,353 | 27,693 | 0 | 27,693 | |||
| Total Resources Expended | 39,318 | 117,925 | 157,243 | 38,662 | 115,970 | 154,632 | ||
| Net Resources expended | -4,978 | -18,005 | -22,983 | 4,917 | -17,783 | -22,700 | ||
| Realized Gain | 21,017 | 76,012 | 97,029 | |||||
| Net Income for the Year | 4,978 | -18,005 | -22,983 | 16,100 | 58,229 | 74,329 | ||
| Unrealized Gain (Loss) on Investments |
-139,730 | -505,368 | 4I45,098 | 73,668 | 266,434 | 340,102 | ||
| Net Movement in Funds |
-144,708 | -523,373 | -668,081 | 89,768 | 324,663 | 414,431 | ||
| Balances brought forward at 1st Oct 2021 |
850,071 | 3,074,490 | 3,924,561 | 760,304 | 2,749,822 | 3,510,126 | ||
| Net Movement | -144,708 | -523,373 | -668,081 | 89,768 | 324,663 | 414,431 | ||
| Balance carried forward | at | 705,363 | 2,551,117 | 3,256,480 | 850,072 | 3,074,485 | 3,924,557 | |
| 30th Se t 2022 |
| BALANCE | SHEET | SHEET | 2022 | 2022 | 2021 | 2021 | |
|---|---|---|---|---|---|---|---|
| Fixed Assets | |||||||
| Listed Investments | (Note 3) | 3,183,606 | 3,742,907 | ||||
| 3,183,606 | 3,742,907 | ||||||
| Current Assets | |||||||
| Redmayne | Bentley | Dealing | |||||
| accounts | 36,164 | 166,090 | |||||
| Cafcash | 5,348 | 3,906 | |||||
| CAFGOLD | 114,697 | 119,966 | |||||
| Cash subtotal | 156,209 | 289,962 | |||||
| Sundry Debtors | 19,882 | 22,942 | |||||
| 176,091 | 312,904 | ||||||
| Creditors | |||||||
| Sundry Creditors |
(Note 4) | 10,604 | 20,353 | ||||
| General Assembly | 29,344 | 59,771 | |||||
| Miscellaneous contras see |
|||||||
| suspense | 189 | 285 | |||||
| Other Restricted | funds | 63,004 | 50,846 | ||||
| Trade Creditors | 76 | 131,256 | |||||
| 103,217 | |||||||
| Net Current | Assets | 72,874 | 181,650 | ||||
| Total Assets | less | current liabilities |
|||||
| (Note 6) | 3,256,480 | 3,924,557 | |||||
| Capital and Reserves | |||||||
| Accumulated | Funds | - General | 705,363 | 850,072 | |||
| Accumulated | Funds | - Restricted | 2,551,117 | 3,074,485 | |||
| 3256480 | 3924 557 |
| 2022 | 2021 | |
|---|---|---|
| Market value 1 Oct |
3,742,907 | 3,473,717 |
| Additions | 85,796 | 372,254 |
| Disposals | (540,195) | |
| Realized Gains/(losses) | 97,029 | |
| Unrealized Gains/(losses) |
(645,098) | 340,102 |
| Market Value at 30Sept | 3,183,606 | 3,742,907 |
| storical cost as at 30Sept | 3,093,864 | 3,008,067 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| E | ||||
| Audit Fee | 4,500 | 4,020 | ||
| Accounting | Services | 3,200 | 3,200 | |
| Porffolio Management | Fees (2"' Oct) | 2,904 | 11,733 | |
| Storage Facilities | 1,400 | |||
| 10,604 | 20,353 |
| 2022 | 2022 | 2021 | 2021 | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Unrestricted | Restricted | ||||||
| 1 October | 2021 | 850,071 | 3,074,490 | 760,304 | 2,749,822 | ||||
| Gains on | investments | -144,708 | -505,368 | 94,684 | 342,444 | ||||
| Portfolio Management | Fee | -4,978 | -18,005 | (4,917) | (17,783) | ||||
| 30September 2022 | 705,363 | 2,551,117 | 850,071 | 3,074,484 | |||||
| Analysis | ofnet assets | between | funds | ||||||
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | ||||
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||||
| f | f | f | f | ||||||
| Investments | 700,393 | 2,483,313 | 3,183,606 | 823,440 | 2,919,467 | 3,742,907 | |||
| Current | 4,970 | 67,804 | 72,874 | 26,632 | 155,018 | 181,650 | |||
| assets/(liabilities | |||||||||
| Total | 705,363 | 2,551,117 | 3,256,480 | 850,072 | 3,074,485 | 3,924,557 |