| RECEIPTS AND PAYMENTS | ACCOUNT FOR TH | E YEAR ENDED | 31MAY 202 | 3 |
|---|---|---|---|---|
| INCOME FUND | 2023 | 2022 | ||
| Income Receipts: | ||||
| Income Irom listed securities | 39240 | 35204 | ||
| Income from deposits | 366 | 517 | ||
| Other income | 400 | |||
| Total receipts | 40006 | 35721 | ||
| Direct Charitable Expenditure: |
||||
| Grants to charities | 31825 | 31185 | ||
| Other expenditure | ||||
| Management fee |
4909 | 5419 | ||
| Accountancy charges |
2640 | 7549 | 2520 — 7939 |
|
| Total payments | 39374 | 39124 | ||
| Net (payments)/receipts for the |
year | 632 | (3403) | |
| Cash in the hands ofinvestment | managers | |||
| and at bank at I June 2022 | 178475 | 181878 | ||
| Cash in the hands ofinvestment | managers | |||
| and at bank at 31May 2023 | 179107 | 178475 | ||
| CAPITAL FUND | ||||
| Receipts | ||||
| Proceeds ofdisposal ofinvestments | 69849 | 41898 | ||
| Payments | ||||
| Purchase ofinvestments | 47665 | 38986 | ||
| Net receipts((payments) | 22184 | 2912 | ||
| Cash in the hands ofinvestment | managers | |||
| and at bank at I June 2022 | (58252) | (61164) | ||
| Cash in the hands ofinvestment | managers | |||
| and at bank at 31May 2023 | (36068) | (58252) |
| 2023 | 2023 | 2022 | 2022 | ||
|---|---|---|---|---|---|
| Income | ~Ca ital | Income | ~Ca ital | ||
| Fund | Fund | Fund | Fund | ||
| f. | |||||
| Monetary assets: | |||||
| Bank balances | 177219 | (68032) | 178038 | (68587) | |
| Cash at investment | managers | 1888 | 31964 | 437 | 10335 |
| 179107 | (36068) | 178475 | (58252) | ||
| Debtors | |||||
| Other assets: | |||||
| Investments | 1349740 | 1418533 | |||
| Liabilities: | |||||
| Accrual s | 3472 | 3460 |