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2023-03-31-accounts

Page
Report ofthe Trustees 1 to 4
Report ofthe Independent
Auditors		 5 to 8
Statement of Financial Activities
Balance Sheet 10
Notes to the Financial Statements 11 to 18
Detailed Statement of Financial Activities

31.3.23 31.3.22
Unrestricted Endowment Total Total
fund fund funds funds
Notes
INCOME AND ENDOWMENTS FROM
investment
income		 2 116,318 10,673 126,991 116,778
EXPENDITURE ON
Raising funds 16,169 16,169 17,164
Charitable
activities
Grants 85,750 85,750 83,750
Other (501) (501) 701
Total 85,249 16,169 101,418 101,615
Net gains/(losses) on investments (283,422) (283,422) 126,301
NET INCOME/(EXPENDITURE) 31,069 (288,918) (257,849) 141,464
RECONCILIATION OF FUNDS
Total funds brought forward 220,961 3,692,681 3,913,642 3,772,178
TOTAL FUNDS CARRIED FORWARD 252,030 3,403,763 3,655,793 3,913,642

31.3.23 3'1.3.22
Unrestricted Endowment Total Total
funcl fund funds funds
Notes
FIXEDASSETS
Investments 3,403,079 3,403,079 3,624,423
CURRENT ASSETS
Cash at bank 266,950 684 267,634 291,320
CREDITORS
Amounts
falling due within one year		 10 (14,920) (14,920) (2,101)
NET CURRENT ASSETS 252,030 684 252,714 289,219
TOTAL ASSETS LESSCURRENT
LIABILITIES 252,030 3,403,763 3,655,793 3,913,642
NET ASSETS 252,030 3,403,763 3,655,793 3,913,642
FUNDS
Unrestricted
funds		 252,030 220,961
Endowment
funds		 3,403,763 3,692,681
TOTAL FUNDS 3,655,793 3,913,642

3. RAISING FUNDS RAISING FUNDS
Investment management costs
31.3.23 31.3.22
Portfolio management 16,169 17,164
4. CHARITABLE ACTIVITIES COSTS
Grant
funding
of
activities
(see note
5)
E
Grants 85,750
5. GRANTS PAYABLE
31.3.23 31.3.22
F
Grants 85,750 83,750

Governance
Finance costs Totals
F
Other resources expended 19 1,980 1,999

Trustees'
expenses
amounted
to anil for the year ended 31 March 2023
to postage and stationery.		 Trustees'
expenses
amounted
to anil for the year ended 31 March 2023
to postage and stationery.		 Trustees'
expenses
amounted
to anil for the year ended 31 March 2023
to postage and stationery.		 Trustees'
expenses
amounted
to anil for the year ended 31 March 2023
to postage and stationery.		 (2022: 256. T hese
relate
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Endowment Total
fund fund funds
INCOME AND ENDOWMENTS FROM
Investment
income		 116,716 62 116,778
EXPENDITURE ON
Raising funds 17,164 17,164
Charitable
activities
Grants 83,750 83,750
Other 701 701
Total 84,451 17,164 101,615
Net gains on investments 126,301 126,301
NET INCOME 32,265 109,199 141,464
RECONCILIATION OF FUNDS
Total funds brought forward 188,696 3,583,482 3,772,178
TOTAL FUNDS CARRIED FORWARD 220,961 3,692,681 3,913,642

FIXEDASSET INVESTMENTS
Listed
investments
MARKET VALUE
At 1 April 2022 3,624,423
Additions 62,078
Revaluations (283,422)
At 31 March 2023 3,403,079
NET BOOK VALUE
At 31 March 2023 3,403,079
At 31 March 2022 3,624,423
The original cost ofthese The original cost ofthese investments
was F2,345,806 (2022:f2,289,894).		 investments
was F2,345,806 (2022:f2,289,894).
Cost or valuation at 31 March 2023 is represented by:
Listed
investment
F
Valuation
in 2023		 1,057,273
Cost 2,345,806
3,403,079
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
Trade creditors 13,000 1
Other creditors 1,920 2,100
14,920 2,101

MOVEMENT IN FUNDS
Net
movement At
At 1.4.22 in funds 31.3.23
Unrestricted funds
General
fund		 220,961 31,069 252,030
Endowment funds
Endowment 3,692,681 (288,918) 3,403,763
TOTAL FUNDS 3,913,642 (257,849) 3,655,793
Net movement in fu nds,
includ		 ed in the ab ove are as fol lows:
Incoming Resources Gains and Movement
resources expended losses in funds
F
Unrestricted funds
General
fund		 116,318 (85,249) 31,069
Endowment funds
Endowment 10,673 (16,169) (283,422) (288,918)
TOTAL FUNDS 126,991 (101,418) (283,422) (257,849)
Comparatives for movement in funds
Net
movement At
At 1.4.21 in funds 31.3.22
Unrestricted funds
General
fund		 188,696 32,265 220,961
Endowment funds
Endowment 3,583,482 109,199 3,692,681
TOTAL FUNDS 3,772,178 141,464 3,913,642

Comparative net movemen t
in funds,
included
in the abo		 t
in funds,
included
in the abo		 ve are as follo ws:
Incoming Resources Gains and Movement
resources expended losses in funds
Unrestricted funds
General
fund		 116,716 (84,451) 32,265
Endowment funds
Endowment 62 (17,164) 126,301 109,199
TOTAL FUNDS 116,778 (101,615) 126,301 141,464
A current year 12 months and prior year 12 months combined
position		 is as follows:
Net
movement At
At 1.4.21 in funds 31.3.23
Unrestricted funds
General
fund		 188,696 63,334 252,030
Endowment funds
Endowment 3,583,482 (179,719) 3,403,763
TOTAL FUNDS 3,772,178 (116,385) 3,655,793
the above are as follows:
Incoming Resources Gains and Movement
resources expended losses in funds
F- F
Unrestricted funds
General
fund		 233,034 (169,700) 63,334
Endowment funds
Endowment 10,735 (33,333) (157,121) (179,719)
TOTAL FUNDS 243,769 (203,033) (157,121) (116,385)

DAME VIOLET WILLS - WILL TRUST DAME VIOLET WILLS - WILL TRUST DAME VIOLET WILLS - WILL TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2023
31.3.23 31.3.22
INCOME AND ENDOWMENTS
Investment
income
Dividends 114,294 116,622
Deposit account interest 12,697 156
126,991 116,778
Total incoming
resources		 126,991 116,778
EXPENDITURE
Investment
management		 costs
Portfolio management 16,169 17,164
Charitable
activities
Grants 85,750 83,750
Other
Grants returned (2,500) (1,500)
Support costs
Finance
Bank charges 19 15
Governance costs
Trustees' expenses 56
Auditors'
remuneration		 1,050 1,080
Auditors'
remuneration		 for non audit work 930 1,050
1,980 2,186
Total resources expended 101,418 101,615
Net income 25,573 15,163