| CONTENTS | Page |
| Reference and administrative details |
|
| Trustees' annual report |
2-4 |
| Independent Examiner's Report |
|
| Statement offinancial activities | |
| Balance sheet | |
| Notes to the financial statements |
8-12 |
| 31JANUARY 202 | 3 | ||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Unrestricted | Unrestricted | ||||
| Funds | Funds | ||||
| Note | |||||
| Income and endowments | from: | ||||
| Investments | 108,771 | 99,245 | |||
| Donations | 900 | ||||
| Total income and endowments | 109,671 | 99,245 | |||
| Expenditure on: |
|||||
| Raising funds | (33,975) | (30,313) | |||
| Charitable activities |
(82,820) | (83,900) | |||
| Total expenditure | (116,795) | (114,213) | |||
| Net (deficit) for the year | (7,124) | (14,968) | |||
| Net (losses) / gains on | |||||
| Investments | (305,125) | 556,420 | |||
| Net (deficit) / income and | |||||
| net movement in funds |
(312,249) | 541,452 | |||
| Reconciliation offunds: | |||||
| Total funds brought | forward | 10 | 6,424,871 | 5,883,419 | |
| Total funds carried | forward | 10 | 6,112,622 | 6,424, 871 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | |||||||
| Fixed asset investments | |||||||
| 7 | Quoted | 6,048,396 | 6,398,232 | ||||
| Current assets | |||||||
| 8 | Debtors | 65,474 | 27,870 | ||||
| Cash at bank | 2,218 | 780 | |||||
| 67,692 | 28,650 | ||||||
| Creditors: amounts | falling due | ||||||
| 9 | within one year | (3,466) | (2,011) | ||||
| Net current assets | 64,226 | 26,639 | |||||
| Total net assets | 6,112,622 | 6,424,871 | |||||
| Charity Funds | |||||||
| 10 | Unrestricted funds |
6,112,622 | 6,424, 871 | ||||
| Total charity funds | 6,112,622 | 6,424,871 |
| Income from | investments | 2023 | 2022 | |||
|---|---|---|---|---|---|---|
| Income from | quoted investments | 107,991 | 99,240 | |||
| Bank and other interest | 780 | 5 | ||||
| 108,771 | 99,245 | |||||
| Expenditure | on raising funds | 2023 | 2022 | |||
| Investment management |
costs | 29,172 | 30,313 | |||
| Deficit on foreign currency | exchange | 4,803 | ||||
| 33,975 | 30,313 | |||||
| Expenditure | on charitable | activities | 2023 | 2022 | ||
| Independent examination |
fees | 3,466 | 3,300 | |||
| Underprovision | ofexamination | fees prior year | 1,454 | |||
| Administrative | expenses | 900 | 600 | |||
| Distributions | to charities | 77,000 | 80,000 | |||
| 82,820 | 83,900 |
| 7 | Fixed asset investments | 2023 | 2022 | ||
|---|---|---|---|---|---|
| Movement in fixed asset |
investments | ||||
| Market value at I February 2022 | 6,398,232 | 5,864, 102 | |||
| Additions to investments |
at cost | 3,027,936 | 2,422,728 | ||
| Disposals at carrying value | (3,206,246) | (2,351,055) | |||
| Unrealised (losses) / gains |
on investments | (171,526) | 462,457 | ||
| Market value at 31January 2023 | 6,048,396 | 6,398,232 | |||
| All fixed asset investments | are listed. | ||||
| Net gains on investments | are made up | of: | |||
| Realised (losses) / gains on disposals ofinvestments | (133,599) | 93,963 | |||
| Unrealised (losses) / gains |
on investments | (171,526) | 462,457 | ||
| (305,125) | 556,420 | ||||
| 8 | Debtors | 2023 | 2022 | ||
| Investment capital held by investment |
manager | 65,474 | 27,870 | ||
| 9 | Creditors | 2023 | 2022 | ||
| Accruals | 3,466 | 2,011 |
| Balance at | Balance at | |||||
|---|---|---|---|---|---|---|
| I February | Losses on | 31January | ||||
| 2022 | Income | Expenditure | investments | 2023 | ||
| Unrestricted | funds | 6,424,871 | 109,671 | (116,795) | (305,125) | 6,112,622 |