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d. Identifying and tosb.ng ioumal entries. part￿￿rty 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 financ￿1 statements cff Mn4x)mpliance with rOg￿atiOns. This risk
I￿rease8 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 fra￿j invofv85 intentional
concealrrent. forgery, ￿llUsIon, Thn1￿0n or n￿e•ll￿.
A further description of our re5F4￿s1bIh.l￿ for the audrt of the financjal staten*nts is Ic£atsd on the Financial
Reporting Council's website at hty)s'.1lvh￿.frc.Qr9.￿￿oUr-WcwkjAud1vAudiI-andrya$Surance1StSndardSX7nd-
guidancelStandards-and-gu￿anCe-￿-audit0r$IAudit0r￿eS[KJnsibIllt￿5-f01-a￿yIUDeSc[lption-0f-a￿dIlOrS-
sponsibilities-for-audit.aspx. This descripkn fon[￿ p*i of our authtr¢s repcrt
U40 ol our report
This report is made solety to the Ch￿tab￿ CLYnpany's membefs. as a body, in a￿or￿ce 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 requ￿ed 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 opinh￿S 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

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|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<br>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<br>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<br>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<br>Gain (Loss) on Investments|||-139,730|-505,368|4I45,098|73,668|266,434|340,102|
|Net Movement<br>in Funds|||-144,708|-523,373|-668,081|89,768|324,663|414,431|
|Balances brought<br>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<br>Creditors||(Note 4)||10,604||20,353||
|General Assembly||||29,344||59,771||
|Miscellaneous<br>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<br>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|





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||2022|2021|
|---|---|---|
|Market value<br>1 Oct|3,742,907|3,473,717|
|Additions|85,796|372,254|
|Disposals||(540,195)|
|Realized Gains/(losses)||97,029|
|Unrealized<br>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|



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||||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|



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