Charlty Number. 270822 THE ANCASTER TRUST 8TATEMEpif OF ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2022
THE ANCASTER TRUST ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2022 CONTENTS Page Tru8teos' Annual R•port Independent ExamlneV8 r•p¢rt Slalemenl of Flnancl81 Acliville8 Balance Sheet Notes to IheiAc£ounts 7-13
TRUSTEES ANNUAL REPORT YEAR ENDED 5 APRIL 2022 The Tru5tegs pres¢nt their annual rewt and finanlY statements of the dwity for tha y•ar •nded 5 April 222. The fmanclal slatements have been prepafe(1 kn ¥CnCe ith the acKoling polic$ gÈt out h) Nol& 2 to Ihe a¢Unts and ¢ompty the Ch1$ TnJ5t Deed. the Charitse8 Act 2D11 and Accounting and RepoTbng by Charide5.' Statement of Rec4Jmm¢n(leil Pfacti¢a aFfJlkabk to charities preparing their accounts in accordan vAth tho Financial Rewjrbng Stsndard appliLa)IB in the UK and Republlc ol Ireland IFRS1D21 published M 16th Juty 2014. ObJ•et]v•s and PollcT•• The Funds of the Trust are to btr pplied for or thaftlable pwposes at such tkne or Imes Bnd in such m8nn•T as th& Trust••$ sh911 in their absolute d15cratlon thlnk ffiL The objecti%Es 8re fulfilb8d by thè Trustees through ec5eIl0n of mthtng gr8nts 0rdOti th resporne thwoto. Funds helj penthng d19bementrnay bo In¥ested in so(>Jritie5 Of%that8 rt8ture as th¢ Trust•as think fil. In accordarts wth our duth'es as stated in 58Cti¢)n 1715) of tre Ch¥i18 A¢1. w& hav• ¢onsid&red the guidanc Fffovided by the Charity ConThBsvJn in regard to pubtk b8rfiL Thls publi¢ hos bgon ¢rnm$trèted by lh• a¢tivitl•$ undertakon slnG& Incepbon ol tho charfty outlinod above. A¢tlvltl•s and A¢hl•vwn•Dts durlng th• y•ar The total fvnds heLd at S April 2U22 Ire £4,254,188. which eomparad with £3,992.307 in the pre¥u3 ar. Durtno ye8r grants were 8wgrded totalNng £53.81412021.' £71,495) per nolè 51rt the aCnts. 8truetsJr•. Govemane• Ind I•ttagement Thg An¢a$ler Tru811s nstibjteQl by 8 Trust Oeed dated 6 hwil 1965 and a reg18ter•d charfty numbor 270822. Under cTause 15., th? slatutory po%wr ol 8pp01nly rw or Tn r88ts In th• Trust$. There Is no mayknum or rriwmum wmb•r. ofTw$tge Tru£t••• Baroness Willoughby dts Ernsby David Bourton Genders Susan Mary Simmons Addr•98 Sayers BUtterorth LLP 3rd Fbor 12 Gough Squg LOn¢n EC4A 3DW Teleph¢n• 020 7936 1910 Fax 020 7936 4161 hjl enqulries 6houkJ be addressed lo Susan Simmons atth? aboNY addrp8 Bankorl Ruffer LLP 80 Victorfa Stspel London SW1E 5JL Inv•stmentAdvl•orn RuNer LLP Vjcloria Slreet Lcth SW1E 5JL C4t•rAlen Pflvat& Bgnk 9 Nalson Streèt Br*lfr>rd BD1 SAN CCLA Investment mageMent Ltd Senkn Hous0 8S On ViCtla Street Lfxhjon EC4V 4ET Barrl3ys Leicester LE87 288 Soll¢lto G0?drn I)errk LLP 10 St BrpJe Slreel LoTrJcfi EC4A 4AD Natlonal WestmlnsteT Bank PIC 21 HarK)ver Sllua LoThJon W1Y ODB Page 1
THE AIWTER TRUST TRUSTEES ANNUAL REPORT: CONTNUEO YEAR ENOED 5 APRIL 2022 Bankorn Iconth7u8dl Scottish Widows B8nk PO Box 12757 67 Monfjson Street Edinburgh EH3 8YL Sollcltorn Icontlnuod) Roythorne5 Lts1 Enterwi5è Way Plncthw Spald LllK4Jlnshire PE113YR Accountants Soyars ButteThwrth LLP 3Td Floor 12 Gough Squa London EC4A 3DW Indopndont Ex•mh)ors TC Group Th8 Courtyard, Shorehgm Road Upper Beedw, SteyniNJ, West SusseK BN44 3TN Rlsk Factorn Thg TNstses have oxamlned Ihg rn8lor sIrBtsg oper8tbnal kS which the Charity faeA88 ¥nd c¥Jnflmi that 9yStem8 have teen eStlShed to enabtè regular r8POrts to be produeed 80 that the n&cs$ary $leps ran bè tsken lo18888n th•s• rfsks. Inv¢¥lment Pollcy Thefe are no restrk0n8 in th& Truyt Dee(l. Th? Tfv51ees operate o hJ¥ risk %¥lth o baletxfj beh4ren In¢om• ¢opllal growth. The Investments ar8 cuThenUy held In 8 mlxturè of charity fund5, InvestsnenlB aTr cash d8posits. During the year Inwstrnenl IrKome lotrlled £09.237 mpar8d to £90,485 In tho pr•vTou8 year. There wer¢ unrealised profits of £233,1CQ r8ali8ed10558s of £4,482 on tha Inv•stm•nl5 dLwino The Tru5tee8 intsrn8t in propeity. swtrd1• Han. w4$ revahAd by Sinrtl & Pwk•rln September 2019 at £575.0W. R•8•pM Pollcy 11 Is Iho TNsleeg pollcy to r•slrf¢t Tfj8ourc4s eypended to the a¥1&br9 income. Clau¥e 2 of tA¢ Tntst Dead gS¥Ms tho p0r apY the Trusi Frthj and iTr>Jme thoreof for such Charitable purposes as th• Trustees shall in their abgoljle di¥retlon dal•rmkn&. Ardffty il b pos51bl? to rnaintain rp5eTves 818 minlmAI IAVAI Publlc 8on•fit The Tru5teeg confimi that Ihay ha% cCfflF1 wilh the duty Sn Section 17 01 th• ch8ri1s Act 201110 have thjg reg8rd to the guKJwex isswl ty the Charitrej Ccmmlsskn on publ1¢ teneffL Related Party TranBacUons It sh¢uld be noted tho1 Boron¢¥s Jgne VlIknhtsy d& Ere5by i8 inKknd wlh many of tn& CharfJ8s to whlch th8 Trust donAted durirvJ the year. Su98n Slnynons 8nd Dd Ganders are Trustees oflhe ATKasterTrust and ¥150 sulxonlra¢tors of Sayers Butt8Mrth LLP prepare the finenc4al ststements for ¢h¥ity.Durir¥J the year there wern exFenses totlkng £6,678 (2021.. £6.5821. Atth¢ yearend ihere was an accrual of £3,CIJO relating to Sayèrs 8utt•rwDrth LLP lorthe PTeparabon ofthe.2022 statements (2021: £5,262). Future Plans The Trustee5 are resSIng the lrtome situatbjn arKf intoTrJ to In¢Joase lh9 donaOon¥ made in the forthcomlng years, suElodt(s conllnued 58tisfa•i fijndry affarKJèmnt& Page 2
THE ANCASTER TRUST YEAR ENDED 6 APRIL 2022 INDEPENDENT EXAMINER'S REPORT TO THE TRU3TEE8 OF THE ANCASTER TRUST I report lo the charty truste8$ on my examknatlon ofthe accounts of the Charfty lor the year ended 6 April 2022. RponSIbilItIeS and ba816 of report A8 the Iru5tees of the Charity YOU are responslble for the preparation of the accounts in accordance with the requlrements of the Charftl88 Act 2011. Having s81isfied myself that the aGGounls of the Charty are not required to bo audhed 8nd are eliglble for independent examination, I report in respect of my examinauon of your Gharitls accounts as carried out under sectlon 145 of the Chantles Act 20111'the 2011 A¢YI. In carrying out my examlnallon I have followed the Direclions given by the Ch8rity Comm15slon under section 145151 (bl of the 2011 Act. Independent examlnees statement I have complgled my examination. I confSmi that no matter8 hav& eome lo my attentlon In connection th the examinallon glvlng me cause to belleve.. 1, ac¢ounllng records waré not kèpl In r88PeCt of the Charlty; or 2. the 8ccoun18 do not accord with those records., or 3. the accounts do not compty wllh the accountlng requlremen18 olthe Charttles Act 2011 other than any requlrement that the accounts give a 'lrue and fair view whlch 1$ not a maller con8idered as part of 8n Independent examlnallon: or the accounts have not been preparod in acGordance wlh the methods and prlnclples of the Slalement of Recommended Practice for accounllng and reportlng by charillès. I have no concems and have com? aGros8 no other m8tter8 In ¢onneclion with the èxamlnatlon to whlch attention should be drawn in thls report In order to enable a proper under31anding of the accounts to be reached. TGGr Mark Cummlns FCCA, FCIE ' On bèhalf of.. TC Group The Courtyard, Shoreham Roa. d Upper Beedlng, Stsynlng West Sussex BN44 3TN Dated: 20 January 2023 Page 4
THE APICASTER TRUST STATEMENT OF FINANCIAL ACTivrriES YEAR ENDED S APRIL 2022 Note 2022 Total Fund6 2021 Total Fund8 Expendable Unrestrlctod Endowment Fundg Income fro Investrnenl Inco 99,237 99,237 90,485 Total Income 99.237 ,465 Onditu Ralslng Fund8 Charl¢able Advllles 2.39D 3.429 2,390 63.723 2.439 76,749 80,294 Total expendllure 60,294 Net Incomelloxpondltur•) before Investmont galnslllosge8) 15,819) 38,943 33,124 11.277 Nel galns 111088è81 on Invo$lments 13 228,638 228,638 543.508 Net IExpendltur•l I Income 2.81 38,943 Tran$f•r botw•en Fund• 11 (20,0001 20.000 Not movement In fund• 58,943 261,762 554, Total funds brought forward 3,932,308 59,999 3.992,307 3,437,622 Total fund balances carrled forthvard .942 4,254,069 3 992.30 All aCtIlIeS relate lo conunulng operauons Tha nole8 on pages 7 10 13 fomi part ofihese flnanclal $tal8menls. Page 5
| BALANCE SHEET | BALANCE SHEET | ||||
|---|---|---|---|---|---|
| 5APRIL2022 | |||||
| Fixedassets: | Note | 5April2022 et |
5April f€ |
2021 | |
| lnvestmentProperty | |||||
| Swinstead Hall | 3 | 575,000 | 575,000 | ||
| lnvestments atfair value | |||||
| Quotedinvestments | 13 | 3,391,710 | 3,166,576 | ||
| 3,956,7{0 | 3,74',1,576 | ||||
| Gurrentassets: | |||||
| Debtors | |||||
| Rent receivabte | 17,M2 | 8,721 | |||
| HMRC | 1,227 | ||||
| 17,M2 | 9,948 | ||||
| Cash atBank | |||||
| Ruffer LLP | |||||
| Capitalaccount | 21,706 | 10,660 | |||
| NationalWestminsterPlc | |||||
| Cunentaccount | 100 | 100 | |||
| Reserveaccount | 2,260 | 33 | |||
| CaterAllenLimited | 228,548 | ||||
| Barclays PLC | 246,245 | ||||
| ScottishWidows | 14,806 | 14,792 | |||
| 285,117 | 254,133 | ||||
| 4,259,269 | 4,005,657 | ||||
| Creditors: | |||||
| $ayersButterworthLLP | (3,000) | (5,262) | |||
| TC Group | (1,620) | (1,440) | |||
| RufferLLP | (580) | (648) | |||
| Charitable Donations | (6,000) | ||||
| (5,200) | (13,350) | ||||
| Totalnetassets | 4,254,069 | 389230? | |||
| REPRESENTING: | |||||
| ExpendableEndowmentFund UnrestrictedlncomeFund |
I | 13 13 |
4,135,127 118,942 |
3,932,308 59,999 |
|
| TotalFunds | 4,254,069 | 3.992.307 |
IMES TO IHEACCIJINT5 FOR THE YEAR ENDED SAPRIL 2022 l Lépl Ititt The Nncsster TnJs1 18 4n wèK4rpord dway. re9 Watek Tho rtyl#•tod nthmber nurnbor and prfrKipal offK• addrwse4n bo'fe4th• kg81 aTrJ thlni¥lrY xrftyrnthn paBp. 2 Accounttng Wlc Iql Ba818 of anil 4U•¥¥m•rtol golng ¢¢)nEw Tho aco)unl¥ $1olemEntsl b8en WePBred itoms Mcc148t i Ortra10n YU• Im16 olheft06t&iod I(> to thpse¥ftl TM finan( ststements pwepirin9 th•lr &>JnIS Ln acc¢(dkn1th IlFYwK¥al 4(bkn in tho Unknd lfjrydorn ind RowblEeof tsd8r¥J (FRS 1tr21185L•J on 161h th 2014 and st1rd ITr tho Lknrfed lfjngdom and Roput4ieof Ifellnd IFRS 1021 and 2011. Thg a put4k ben•lt•rt 05 ¢lofmd ty FRS 1tr1 Tho fin•rthlthtemnt8W• slerkrq wbJ totr Mar•Bt Px. a¢opt8d. Investment IOme IS iLrountod for in tlw pvriod kn Ththkh lo r•(•W. trwestment IDrtsn• TKol¥ed by the ChoI4t qu4 Iw ryymort 01h&t• h81 t woswj up tr1•¥ r•co¥q¢¥blg Ihlj pros 4rnountls w>)gn•d In lh• SI•nl FkY•l& 1¢) Tbxadort No Jr tayation l• •¢tsxM& tt th• CPAn'ty kn•ntitsJ to the fcf t&¥ •fvrd•d by pwi 11 oflho Co[prK Tw••a2010. 11) Exp•mlltyr• ExpJnthluFO * Incbjded on on b•skn vo8 •ddtrJ tax Dcn8Cffi9 payablo 4 arged y88r the ollw Lg to thp rK4plwt èxeopl kn th0 cas08 ttk• offor li rKThl1tD•1. such dw4tiono bouig rttogniied # wondiuroth th Cly1)rA 18chho are frjfjled. Oona¢w)ny off•rnd 6u¥o to ka¥• nol m•tat y•w dra• al a comnnrt bkd 45 wenditw•. flt Vn¢lJdng ¢osisl inckvJ8 Ih)g• e4)8t8 at•9 the p'tU11 and olpttrtory r¢qulwmqntsolth8 Chrty cc•ilknkfJ ts) th•strty m•n•g•mwii oltho Chorty. In¥tm•fi w• kntlud8d 81 Clos rnld4n¥kei O• l•r v•knTrl 41 thv d•t•. kni Gn or108• Q r9v411kn l¥ Ip th¢ StthmenlolFhwKd4i ff) Inv•gthwrtpvop•rty In¥e6rm8nl w0F18 91 mNt V•hJibtyK woivj frcffl In hLr 1$ reccgnl•d Ig) Cuh 4tB•nk 4nd In hand Cath al bankand th hand cash sh1 Iwm IWY I irN•#m1• 4 shryi m8lurty olthrn• Ihl D•b¢o QI cr0 and prtyhlori8 Cr8dhors and rewAs¢d Clthy has a oblgatbrn frthn A Pa thvwt th I probably result In the fvnds to a thhd pty thè thJo to sew• lh8 0190b0 be G) Fund Doiabofthè natur• ar.pose0l•h ld IZ Ik) Fornlgn curre709 As86ts arnd fith4bes In trw51ote(l at tha lates ol wllry at Ihe balw thd8t¥s oltttpn¥dions. Exdwv llrv the operating resu 11) E¥Um•tog •ndludBements 88male$SrO rettOsed h UtÈwrfcx1 kn esIn* 15 . Pa98 7
NOTESTO THEACCOIIMfs FOR ThE YFAR ENDED S AP1L2022 3 Inv¢sknorf Prop•rty &ln5tead H. LTr51 Tho H[WaS cM%yed to Tn151 ty the Earf ofAn¢ast 14 Decurthr 1977 &iedto a18as8 kn fwAour oftr cldren% Fo1 Tru LW. The woperty Is r)Jrrenlly ka5e¢l &J Ntrar fthy fAJ p 34 ye¥ lea88. ITr attord8nce wikn tho tern5 leaselhe rJ rentWdS vuea5ed 10 £17A42fth ellxtffThn 24th F•tquw2019. TheTru5tees obtaknwj an offti4vahJafjmofthew¢wtyfwi Sbthta Parker. thèTnJS Itterekn tha woperty. Septernber2019 at£575,000. FatrY8tlle8t 5 2021 575.QTrJ FatrYafue8t 5 WI 2022 Hlglorfcal Cc*l 15,0 4 knvestuwQlncomfr 2021 Rwrton SWnste H1 kx¢m¢ from SrI]eS 17.442 . 81.T19 16 99.237 17A42 72,7 90A65 S chor1¢A[•8-GtInl maklng Annal Payments Understandlry Order 20 Pll4h UK FeLwry 4eUK Batte¢sea Home 819 Issue Fndation UK B¢ston PalnTrUSt Jwe 300 20D Fevry Bribsh Legion P¢ppyAppeal Bourne Scoety P¢ume Daty & Joan C8mled 200 200 YJD Fthary August M4y anine Pame Childr8n¥FwnityTru5t Coun¢lf¢r Presetyatson ofRural En Elithweston ParochLql Churth Cojndt Eoenham Pdrochral Churth Counul Elearn ReQnI H¢ 2 200 300 200 300 300 300 400 300 100 300 300 300 Awu5t Marth 200 30D ne Cd W¢rt FFlends of the Elder Freed¢)m Imm T¢ylwe FndS of Edward Game aThd wbjfrfe Tnl February February •Aar Awust March 40D 30D 300 300 300 Gutkhawdfare 4200 fj2) Page 8
NOYES TO TrEA¢Ik4T5F0R THE YEAR EMDED 5APRL)22 S ClsarftabioAtItth-Gratttmaklrig A181 Payment8Und•rStsn¥kny Onlerlconiim Br¢uyNF¢wrd 5300 Febry Hco4ng Foundativn The Hoyrd League JustAa Nlddta East Keslwgn Pjind Soriety Llncs Tnjst Nature Llrwlnshweln18grated Voluthry nwln5hweChurthe5 T1 UrKofn C8bWral. FObri¢Ffftd vabirty Math Tr[ M8rt8 Curie Memorf Fndbl, Medeonssans frontier89 Mèthodisi HomesForTh uthil Na)Tnjst$odlor Inkn¥i¥K1 B8wty jgust New eridg8 Marth OrderdStJohn ophiHospl Orderof&Jobn. H08PtsIPaw Page 2000 Peoples DsperwftSKNJMrns P¢acbcalAc PsoM ReftymTNst Pn'soners ofConst¥erKegpe41 Fund oject Trwst OVKI1(ROWl Nioht Reftwe & Ho]i QLEen Etsbdh5 Fowdon &y,Ihe Dwbbj Rare Breeds kniv81 TILISL FNL follnerly LiiEf4ry FLTr4' Royal Scdety fcrfthe RefjefoflndwJentGenlEWC RNU Skegr Sanarttsn5. Gen Office. .BOStCffj Bran Savethè cldIen f-GWr8l Fund Ibsti Wiri[e Trusi SIghtsaVeInte[Trh0. 300 30 300 300 30D 300 300 300 300 300 400 100 3Tr) 30D MaK ust April 300 3DO 300 100 1UO 300 30) 30D 100 1f)J April 29) 3CbJ FebnAry 3W 3C) 3LYJ 300 300 30D Febm F¢bru¥y Sept Mar 300 2N 2C*) 300 300 400 3QO 3Lh) 3D) J9U8t Nov¢mter Sept Fthary Novemtsr
Jo 300 8p15ty Fa)¢ Fw StrokeAs50cwbon SIAndreWs Episcfjpal CMItr4 CaTmJer Sl James, Erwal ¢hurdK 1. Sl Pauls Churth KnvJhtsbri(Jp st Helen'$Avw8rdty Simunyo Hou$r¥J 100 1CQ ro FeLvuy 100 100 1tsJ Toynbee Han Toytox UNIPAL Marc* 300 Jo 15MSO 17,650
NOTE5 TO THEACcoUN FOR THÉ YEAR ENtED SAPRIL 2022 Charlfablo Acthltlo8- 13wantThklno Annu81 Paymen15 Und•rSt•rbdlng onth 20 BrowJht Fornwd 14850 17.650 wallo Coled Wens Indhi wesim1nsC1ren SocJety Whltethapel Mlsslon Womorknd WortdvAd& Worfd Monumenls Furd kn Brti 2a )0 20D 20Q Jar 3DJ 3C•J 3usI 3CQ .450 8chool F•oB 6eeBlon8 SchO- JamKT PhWFi Fees Beesione School. Rose Phlllw Fees (>esham Scho_ Jam19 PNllppl Mwlwn$ AcalbY. I8 d[pl@t Fees SI Len Educallon Trwi- G¢¢yge Ptslw Uty ol Ea$tknJlia. MerNn MlerFeeo ow 9.0 8.OC¥J 4,orxi 110 11( 11IK#) g.o)0 OlhgrP8yThtrnt• M•do durlii9 th• Y••r eriU$h MuseLM 2020 Tr)¢ Grfm$thorpg and TnAI 1.136 S¢hxl F• sl[a Orde 36.0Tr) .809 17,450 19.6SQ Totsl DM•Uons rnAd• durlng th•y 3,814 71,4 The obl•ciive6 t4th• Tr1 irn tyth•TnAteeslliW cuW91?tl0n ofwth ¥J makKN tPwoto. Al gr•rrts we frrthe gorpral oltr* rewni. 2022 2022 endOMr Uftrrftlct•d TolAI 2021 cTharilabJB Actilrylles las abo) Support Co515.l[D1trJft &Ac¢M¢ Supportcosts 63,814 63.814 1,500 8AOg 71.495 3.429 4.990 3.429 .74 F¥g9 10
TKE ANCASTER TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 6 APRIL 2022 6 Sw>port eosts {Includlng Gov•rnanc• ¢0gts1 2022 2022 Endowmert Unre8trlctod 2022 Total 2021 Total AccountanGy, ta¥atlon arid IruBt¢e8 fees Ind•p•nd•nt Exèmlner fees Independent EXBMInerfe adfv81rn8nlfor over r088d in pmious yg8TS Le9al Fee8 Wrlts of Tax repayment for pr0& year8 Bank Charges 2.589 2,589 5,17B 1.680 4.782 1,440 14,2801 1.374 1.227 324 1.227 324 118 3,42 3,454 Support eo8t6 Ilncludlng qov•manco costs) Include IndeF¢ndent Ex8mln•rn FMS of £1.eeo12021'. £1.4401. 7 Trustetg None ol the Tru8tee8 lor, any persong conneclld wfth thernl recelvgd ¥ry f8mungrgtlon er r•lmbur8ed arry ew8rMgs from Iha eharlty durlng th• y•ir. Employe05 Therewets Tro ernployo09 durfng th• P•fI. Rglatqd Party It should b• noted that Barone88 Jane Wllloughby de Ef•sby 1$ Inv¢¢ved wllh many of tho Charftl towhlch th? Tru81 donated durlng Ihe y•8r. Su•8n Slmmon8 8nd 08¥(d Genders ar• Trustees af the Ancukr Tnrtl and •1$¢ 8ulxontr•¢bM ol Swr8 B[Worth LLP who prepBre th? fln3nd81918t8mant8 for lh• ch8rlty.Durlng the year th?ie were oxptnus tolalllng £6,e7&12021'. £6.5821. At tho y09r •nd th•r• w88 an accrual of £3.000 relelln9 to S8y•rn 8ult•rnorth LLP for tho preparatlon cl Ihe 2022 flnanclBI st¥ternents12021'. £5.262). 10 Conirolllng Paty ND On• Paty has overall control ol the Trust. 11 Fd• UnTeslrkted fd$ ¢omprf$è tho$8 fundg whh th& Tnjslogs 8r• lrno to us• In acCdanCe wllh the charltab Dbl*. The expendable endtXrn8ri1 fund repres8n15 Ih05e assèts. Ihat ar• h•ld ty th• charfty on a rn0 permanent basis. Income arfslng on th? endowment fund ¢8n ba us•d In gceordance wlth the oblects ol the charity and Is Included as unrestrlcted IOrne. Any cppitsl galnB or1¢5ses arlslng on tha Inve51rnent5 form part ol the fund. Ins[Ment marwgem?nt tharge3 pnd kgal adce relating to IhB lund are charged agalnst the fund. Dudny year£20.OODw8s traferred from Ihe experKlablo endowment fund lo the unre8trlct8d lund to covgr th• unrestricted shortrall. Pa9811
THE ANCASTER TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5APRIL 2022 12 Anatysls ol net a55ets between funds 2022 2022 Expendable UnTestrlGtsd Endowment gxpendlture Fund Fund 2D22 2021 Tolal Total Fund b81arth8 gt 5ApAI 22 are represented by.. FW assets Currant ossots Deblors CredllDrs-. amountB lalliig duo Within on• y•ar 3.958.710 181,307 3.956,710 28S,117 17,442 15.2001 4.254,069 3.741.576 254.133 101810 17.442 12.2101 11&942 12,8901 136 427 113.3501 3,992,307 Page 12
ia ¢4 qJ7S%Ltrthd23¥SWIZ Iw Ii•iia021 1X 0.12WL&thd2>W47J 114 l&in4thyknd•iUr•d 811FKthzfl6PCg¥ 4n MOSI IWlllXII .¢$ n1$4 Jl.711 li¥ 17 VJSTfft 124 22 IVII 4IIB IT• J4J•• LFBwryll¢loWCAe4 1•.•37 CCLAlffry l&lJ17 104.057 i.XOAW W$,3 ¥V7T JI5,517 Page13