2023-02-28-accounts

			Page
Trustees' report			1-3
Independent examiner's		report
Statement of financial	activities
Balance sheet
Notes tothe accounts			7-11

			Unrestricted	Unrestricted
			Funds	Funds
			Year ended	Year ended
			28 February	28 February
			2023	2022
		Notes	6	6
INCOME FROM:
Investments			91,966	95,501
Deposit account and other interest			121
TOTAL INCOME			92,087	95,501
EXPENDITURE ON:
Costs ofraising funds
Investment manager's	fees		14,833	15,558
Charitable activities
Grants payable			42,900	137,000
Other costs			7,345	12,853
TOTAL EXPENDITURE			65,078	165,411
NET tLOSS)/INCOME	FOR THE YEAR		27,009	(69,910)
OTHER RECOGNISED GAINS
Net gain on investments			36,193	166,771
NET MOVEIIIIENT IN FUNDS			63,202	96,861
TOTAL FUNDS BROUGHT FORWARD			3,629,510	3,532,649
TOTAL FUNDS CARRIED FORWARD			3,692,712	3,629,510

					28 February		28 February
					2023		2022
			Notes		6	8
FIXEDASSETS
Investments					3,678,342		3,652,515
CURRENT ASSETS
Debtors
Cash at bank and	in hand			37,635		26,239
				37,635		26,239
CREDITORS: AMOUNTS
FALLING DUE WITHIN ONE
YEAR			6	(23,265)		(29,244)
NET CURRENT ASSETS/(LIABILITIES)					14,370		(3,005)
TOTAL ASSETS	LESSCURRENT		LIABILITIES		3,692,712		3,649,510
CREDITORS: AMOUNT		FALLING
DUE AFTER MORE THAN ONE
YEAR							(20,000)
NET ASSETS					3,692,712		3,629,510
REPRESENTED	BY
Unrestricted funds
Designated funds					3,669,880		3,615,975
General funds					22,832		13,535
Total unrestricted	funds				3,692,712		3,629,510

2	Expenditure		2023	2022
			8	8
	Costs ofraising funds
	Investment management	costs	14,833	15,558
	Charitable activities
	Grants to institutions:
	The Heart of Kent Hospice		20,000	17,000
	Rapid Response		2,900
	Spadework Limited		10,000	10,000
	Hospice in the Weald		5,000
	Hypo Hounds		5,000
	Blackthorn Trust			110,000
			42,900	137,000
	Other costs
	Legal and administration	fees	8,001	9,800
	Independent examination	fees	1,800	2,520
	Accountancy fees			480
	Irrecoverable withholding	tax	779	808
	Foreign exchange difference		(3,235)	{755)
			7,345	12,853
	Total		65,078	165,411
	Reconciliation ofgrants	payable
	Commitments ai 1 March	2022	45,433	23,766
	Grants paid during year		(68,333)	{115,333)
	Commitments made in year		42,900	137,000
	Commitments at 28 February 2023		20,000	45,433
	Commitments at 28 February 2023 are payable as follows:
	Within one year (note 7)		20,000	25,433
	After more than one year	(note 8)		20,000
			20,000	45,433

Fixed asset investments		2023 f		2022 f.
Listed investments
Market value at 1 March 2022		3,615,975		3,479,152
Additions at cost		394,763		122,920
Disposal proceeds		(377,051)		(152,868)
Realised gains on disposals	106,030		89,448
Unrealised gains on revaluation	(69,837)		77,323
		36,193		166,771
Ilarket value at 28 February 2023		3,669,880		3,615,975
Cash		8,462		36,540
		3,678,342		3,652,515
Historical cost of investments		2,323,612		2,197,976
The portfolio was comprised as follows:
Equitiss		2,743,553		2,749,477
Fixed Interest		401,968		431,791
Unit Trust		440,537		355,723
Commodities		83,822		78,984
Cash		8,462		36,540
		3,678,342		3,652,515
				Page 10

6	Creditors: amo	unts	falling due within one year
				2023	2022
				6	6
	Other creditors			3,265	3,811
	Grants payable	(ncte	2)	20,000	25,433
	Total			23,265	29,244
7	Creditors: amounts		falling due after more than one year
				2023	2022
				6	6
	Grants payable	(note	2)		20,000

		1 March	New	Designations	28February
		2022	designations	released	2023
		6	E	6	6
Investment	fund	3,615,975	430,956	(377,051)	3,669,880
		1 March	New	Designations	28 February
		2021	designations	released	2022
		6	6		6
Investment	fund	3,479,152	289,691	(152,868)	3,615,975