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|---|---|
|CONTENTS|Page|
|Reference and administrative<br>details||
|Trustees'<br>annual report|2-4|
|Independent<br>Examiner's<br>Report||
|Statement offinancial activities||
|Balance sheet||
|Notes to the financial<br>statements|8-12|





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|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<br>on:||||||
|Raising funds||||(33,975)|(30,313)|
|Charitable<br>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<br>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|





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|||||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<br>funds||||6,112,622||6,424, 871|
||Total charity funds||||6,112,622||6,424,871|





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|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<br>management||costs|||29,172|30,313|
|Deficit on foreign currency|||exchange||4,803||
||||||33,975|30,313|
|Expenditure|on charitable||activities||2023|2022|
|Independent<br>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|



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|7|Fixed asset investments|||2023|2022|
|---|---|---|---|---|---|
||Movement<br>in fixed asset|investments||||
||Market value at I February 2022|||6,398,232|5,864, 102|
||Additions<br>to investments|at cost||3,027,936|2,422,728|
||Disposals at carrying value|||(3,206,246)|(2,351,055)|
||Unrealised<br>(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<br>(losses) / gains|on investments||(171,526)|462,457|
|||||(305,125)|556,420|
|8|Debtors|||2023|2022|
||Investment<br>capital held by investment||manager|65,474|27,870|
|9|Creditors|||2023|2022|
||Accruals|||3,466|2,011|





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|||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|



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