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





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||||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<br>manager's|fees||14,833|15,558|
|Charitable<br>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|





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||||||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<br>funds||||||||
|Designated<br>funds|||||3,669,880||3,615,975|
|General funds|||||22,832||13,535|
|Total unrestricted|funds||||3,692,712||3,629,510|





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





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|Fixed asset investments||2023<br>f||2022<br>f.|
|---|---|---|---|---|
|Listed investments|||||
|Market value at 1 March 2022||3,615,975||3,479,152|
|Additions<br>at cost||394,763||122,920|
|Disposal proceeds||(377,051)||(152,868)|
|Realised gains on disposals|106,030||89,448||
|Unrealised<br>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|





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|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|



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|||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|