2022-04-05-accounts

	Notes	2022	2021
		£	£
Incoming Resources
Voluntary contributions	4	3,119	32,693
Investment income	5	32,337	26,785
Total Incoming Resources		£35,456	£59,478
Resources expended
Charitable activities	6	49,231	73,819
Total resources expended		£49,231	£73,819
Net outgoing/incoming resources before other
recognised gains		−£13,775	−£14,341
Realised Profits/Losses on Investments	7	156,146	−5,065
Unrealised gains/losses on investment assets	9	−66,846	228,491
Net movement on funds		75,525	209,085
Fund balance brought forward 6 April 2021		1,494,743	1,285,658
Fund Balance carried forward at 5 April 2022		£1,570,268	£1,494,743

	Notes	2022	2021
		£	£
Fixed Assets
Freehold Property	8	243,087	243,087
Investments	8 & 10	1,212,243	1,159,754
		1,455,330	1,402,841
Current Assets
Debtors	11	5,407	7,415
Short term deposit		81,264	50,220
Cash at Bank		31,991	37,317
Total Current Assets		118,662	94,952
Liabilities:
Creditors falling due within one year	12	3,724	3,050
Net Current Assets		£114,938	£91,902
Net Assets		£1,570,268	£1,494,743
Unrestricted Funds		£1,570,268	£1,494,743

The remuneration payable to H Mercer, Chartered Accountant for
examination of the financial statements was £450 (2021 −£450)
	2022	2021
Note 4 −Voluntary Contributions
Gift Aid donations	£3,119	£32,693
Note 5 −Investment Income
Dividends	£32,337	£26,255
Note 6 — Charitable Activities
Grants made	35,730	57,998
Support costs:
Portfolio management fees	8,984	8,895
Grove Airfield expenses	2,581	3,873
Office and administration	1,486	2,603
Independent examination	450	450
	£49,231	£73,819
Note 7 — Realised gains/losses on Investment Assets
Cost of investments realised	396,127	43,867
Realisation proceeds	552,804	38,802
	156,677	−5,065
Loss on exchange on purchasing investments in Dollars	531
	156,146	−5,065

	2022	2021
Note 8 −Unrealised gain on Investment Assets	£	£
Value of land at 6 April 2021	243,087	243,087
Value of land at 5 April 2022	243,087	243,087
Increase in valuation	0	0
Value of investments held at 6 April 2021	1,159,754	755,198
Cost of investments made during the year	515,462	219,932
Cost of investments sold during the year	−396,127	−43,867
	1,279,089	931,263
Value of investments held at 5 April 2022	1,212,243	1,159,754
Unrealised gains/losses during the year	−66,846	228,491
Total investment assets	£1,455,330	£1,402,841
Note 9 −Investment Property
8.103 acres of land −Grove Airfield−at cost	£7,301	£7,301
Note 10 — Investment Assets at Cost
Portfolio managed by Quilter Cheviot	£1,137,725	£1,018,390
The investments are all in companies quoted on the London
Stock Exchange.

Note 11 — Sundry Debtors
Land Pooling Trust	4,254	6,836
Income tax repayment	574	49
Quilter Cheviot	579	530
	£5,407	£7,415
Note 12 −Sundry Creditors
Accrued expenses	£3,724	£1,800