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2023-02-28-accounts

Contents
Pages
Reference and administrative
information
Trustees'
report		 2-3
Independent
Examiner's
report		 4
Statement
offinancial activities		 S
Balance sheet 6
Statement of cash flows 7
Notes to the financial statements 8-12

YEAR ENDED 2 8 FEBRUARY 2023
Unrestricted funds Total Total
Income Capital Funds Funds
Note 2023f 2022
Income from:
Investments 3,3 45,191 45,191 33,458
Charitable
activities
Book income received 9 150 150 52
Grants repaid 7.3 1,213
Total income 45,341 45,341 34,723
Expenditure
on:
Charitable
activities
Grants authorised in year 7.1 21,650 21,650 56,150
Management
of		 property asset 2 912 912 3,570
Support costs 8,840 8,840 7,231
Total expenditure 31,402 31,402 66,951
Net gains/(losses) on investments 3.2 34,329 34,329 113,425
Net income/(expenditure) 13,939 34,329 48,268 81,197
Transfer between funds
13,939 34,329 48,268 81,197
Reconciliation
offunds:
Total funds brought forward 417 1,628,699 1,629,116 1,547,919
Total funds carried forward 14,356 f 1,663,028 E '1,677,384 a 1,629,116

BALANCE SHEET
AS AT28 FEBRUARY		 2023
Unrestricted Funds TOTAL TOTAL
Income Capital Funds Funds
2023 2022
Nate f
FIXEDASSETS
Tangible assets - freehold property 0 200,000 200,000 200,000
Investments 0 1,435,978 1,435,978 1,424,616
Programme-related
investments		 254 0 254 254
254 1,635,978 1,636,232 1,624,870
CURRENT ASSETS
Sundry debtors 15,535 0 15,535 9,351
Cash at Bank 28,120 27,050 55,170 59,397
43,655 27,050 70,705 68,748
CURRENT LIABIl.ITIES
Sundry creditors 20,553 20,553 50,502
NET CURRENT ASSETS/(LIABILITIES) 23,102 27,050 50,152 18,246
23,356 1,663,028 1,686,384 1,643,116
DEFERRED LIABILITIES
due after more than one year 7.5 9,000 0 9,000 14,G00
TOTAL NETASSETS f 14,356 f ].,663,028 f 1,677,384 f 1,629,116
THE FUNDS OFTHE CHARITY
Unrestricted
income funds		 f 14356 f 1663I028 f 1g677g384 f 1,629,116

TOTAL TOTAL
Funds Funds
2022 2022
Note E
Cash flows from operating activities:
Net cash (used in) operating activities (72,385) (30,952)
Cash flows from investing activities:
Investment
income		 45/191 33,458
Decrease/(increase)
in		 cash investments 22,966 4, 125
F68,157 f37,583
Change
in cash and		 cash equivalents in the reporting period (4,228) 6,631
Reconciliation ofcash and cash equivalents:
Total brought
forward		 84,396 77,765
Total carried forward F80,168 684,396
NOTES
A Net cash provided
by		 (used in) operating activities
Net income/(expenditure) for the reporting period (Page 5) 48,268 81,197
Adjustments
for:
Investment income (45,191) (33,458)
(Increase) /decrease in investments (unreaiised) (34,329) (113,425)
(Increase)/decrease in debtors (6,184) 118
Increase/(decrease) in creditors (3t/949) 34,616
Z(72,385) E(30/952)
8 Analysis
of'cash and		 cash equivalents
Bank balances: RBS 3,121 12,318
CAF Bank 52,047 47,078
Notice deposits (less than 3 months):
CAF 60 Day Account (wIth shawbrook 8ank) 25,000 25/000
680,168 E84,396

3.2 At 28 February 2023the investments w e re he ld a s follows:-
2023 2022
Historical Market Historical Market
Cost Valuef Costf Valuef
BlackRock Charities
UK Equity Fund
IFSL CAF UK Equity Fund 8 Income
SUTL Cazenove Charity
Equity Fund
CCLA COIF Ethical Investment
Fund		 A Income
A Income		 127,645
170,289
175,000
220,000		 312,388
289,661
298,667
338,705		 127,645
170,289
175,000
220,000		 296,640
280,653
285,930
341,869
United Trust Bank 12 month deposit 85,000 85,000 85,000 85,000
CAF 60 Day Account
Close Brothers 12 Month Account		 25,000
86,557		 25,000
86,557		 25,000
84,524		 25,000
84,524
CAF 12 Month Account f 0
889,491		 E 0
1,435,978		 r. 25,000
912,458		 I 25,000
1,424,616
The carrying
amounts
ofthe investments		 are reconciled as follows: Total Investment Deposits
Fundsf Heldf
Balance at 28 February 2022 1,424,616 1,205,092 219,524
Net gains/(losses)
on revaluationltra
Balance at 28 February 2023		 nsfers E 11,362
1,435,978		 f 34,329
1,239,421		 E (22,967)
196,557
3.3 Investment
income for the year is received gross		 and comprises:
2023f 2022
s
Common
investment
funds		 41,778 31,522
Investment
interest		 3,334 1,929
45,112 33,451
Bank interest f 79
45191		 E 7
33,458
4 PROGRAMME-REULTED
INVESTMENTS
Collection of Hervey Benham's
books		 (ail 1satlas) 254 254
E 254 E 254
5 SUNDRY DEBTORS
Investment
income		 14,474 8,139
Other debtors 1,061 1,212
E 15,535 E 9,381
6 CREDITORS - due for payment
within		 one year
Accrued expenses
Grants authorised:
but not yet paid		 (Note 74) 3,553
3,500		 2,502
91500
but not yet due (Note 7.5) 13,500 38,500
20,553 a so,soz

year (current) or after mor e than one year (d efer red), as foliows:
Current Deferred
MerCury Theatre - technical apprenticeships at the Mercury 3,000 3,000
Victor Batte Lay Foundation - we Are The Ninories 8,000 0
Colchester Institute
- travel		 bursary 2,500 0
Pioneer Sailing Trust 0 6,000
E 13,500 9,000
CHARITABLE ACTIVITIES - SUPPORT COSTS 2023 2022
Administration
Clerk's fees/remuneration 3,137 1,739
Bookkeeping services 2,880 2,880
Administration expenses (incl. Employers Liability insurance) 1,238 1,451
Website fees 187 115
Subscription: Association of Charitable Foundations 211 206
7,653 6,391
Governance costs
Trustees
meeting
and		 monitoring costs 227 0
Independent Examiners remuneration 960 840
1,187 840
8,840 7,231
Analysis ofstaff costs, Trustee remuneration and expenses, and the cost ofkey personnel
The average number of part-time employees during the year was as follows:
2023
Administrative Mff 1

YE AR ENDED 2 8 FFBRU ARY 2023
2023 2022
9 BOOK INCOME RECElVED
Public Lending Rights: HWG Benham 0 0
Sale of books: "Life With The Locals" 0 52
Sale of books (ERO): "Essex Gold" 0 0
"A Prospect of Maldon" 0 0
jTipper. Timber Framed "Smuggiers Century"
Buildings of Cochester		 0
150		 0
0
150 52