2022-12-31-accounts

			Page
Trustee's	annual report
Independent auditor's		report to the member
Statement	of financial	activities
Statement	of financial	position	10
Notes to the financial		statements

Reference	and adm	inistrative	details
Registered	charity	name	Bestobell-Meggitt		Welfare	Trust
Charity registration		number	284376
Principal office			The 4814Trust/	BMWT
			PO Box96
			Somerton
			TA11 9BS
The trustee
			Bestobell Founders		Welfare Trust
			Limited
Auditor			Stuart Carrington	FCA
			Westcotts (SW)	LLP
			Timberly
			South Street
			Axminster
			Devon
			EX135AD
Bankers
			CAF Bank
			25 Kings Hill Avenue
			Kings Hill
			West Mailing
			ME194TA
Solicitors			Bates, Wells 8Braithwaite			London LLP
			10Queen Street	Place
			London
			EC4R 1BE
			Gregg Latchams	Ltd
			7Queen Street
			Bristol
			BS14JE

						2022		2021
					Unrestdicted	Endowment
					funds	funds	Total funds	Total funds
Income and endowments				Note	2	2	2	2
Investment income				4	75,537		75,537	123,643
Total Income					75,537		75,537	123,643
Expenditure
Expenditure on raising funds:
Investment management costs Expenditure on charitable acthiltles Other expenditure				5 6,7 10	26,813 11,398 123,643		26,813 11,398 123,643	51,551 4,741 2,868,848
Total expenditure					161,854		161,854	2,925,140
Net(losses)/gainsoninvestments				11	(413,019)		(413,019)	415,199
Net expenditure and net movement			In
funds					(499,336)		(499,336)	(2,386,298)
Reconciliation offunds
Total funds brought forward					3.372,104	43,837	3,415,941	5,802,239
Total funds carried forward					2,872,768	43,837	2,916,605	3,415,941

				2022	2021
			Note	2
Fixed assels
Investments			15	2,897,931	3,260,798
Current assets
Debtors			16	1,138	1,813
Cash at bank and in		hand		42,744	167,235
				43,882	169,048
Creditors:	amounts	falling due within one year	17	25,108	13,805
Net current	assets			18,774	155,243
Total assets less current liabilities				2,916,705	3,416,041
Creditors:	amounts	falling due after more than one year	18	100	100
Net assets				2,916,605	3,415.941
Funds ofthe charity
Endowment	funds			43,837	43,837
Unrestricted	funds			2,872,768	3,372,104
Total charity funds			19	2,916,605	3,415,941

Ye	ar ended	ar ended	31	December	2022
4.	Investment			income
						Unrestricted		Total Funds	Unrestricted		Total Funds
							Funds	2022		Funds	2021
	Income from			investments			75,468	75,468	1	23,641	123,641
	Bank interest			receivable			69	69		2	2
							75,537	75,537	123,643		123,643
5.	Investment		management		costs
						Unrestricted		Total Funds	Unrestricted		Total Funds
							Funds	2022		Funds	2021
							9			2
	Portfolio management						26,813	26,813	51,551		51,551
6.	Expenditure			on charitable	activities	by fund type
						Unrestricted		Total Funds	Unrestricted		Total Funds
							Funds	2022		Funds	2021
	Charitable		activity				6,000	6,000
	Support costs						5,398	5,398		4,741	4,741
							11,398	11,398		4,741	4,741
7.	Expenditure			on charitable	activities	by activity type
						Grant funding			Total	funds	Total fund
						of	activities	Support costs		2022	2021
										2	2
	Charitable	activity					6,000	82		6,082	96
	Governance		costs					5,316		5,316	4,645
							6,000	5,398	11,398		4,741
8.	Analysis ofsupport costs
								Analysis of
								support costs	Total 2022		Total2021
	Finance costs							82		82	96
	Governance		costs					5,316		5,316	4,645
								5,398		5,398	4,741

9.	Analysis ofgrants	Analysis ofgrants
							2022	2021
							2
	Grants to individuals
	Grants to individuals						6,000
	Total grants						6,000
10.	Other expenditure
					Unrestricted	Total Funds	Unrestricted	Total Funds
					Funds	2022	Funds	2021
	Other exceptional	expenditure			123,643	123,643	2,868,848	2,868,848
11.	Net (losses)/gains		on investments
					Unrestricted	Total Funds	Unrestricted	Total Funds
					Funds	2022 f	Funds	2021
	Gains/(losses) on	listed investments			(413,019)	(413,019)	415,199	415,199
12.	Auditors remuneration
							2022	2021
							2
	Fees payable for the		audit of	the financial statements			2,850	2,650
	Fees payable to the		charity's	auditor and its associates		for other services:
	Other non-audit services						1,032	960

	Listed
	investments
Cost or valuation
At 1 January 2022	3,260,798
Additions	328,428
Disposals Fair value movements	(278,276) (413,019)
At 31 December 2022	2,897,931
Impairment
At 1 January 2022 and 31December 2022
Carrying amount
At 31December 2022	2,897,931
At 31 December 2021	3,260,798
All investments shown above are held at valuation.

16.	Close Brothers Ass Debtors	et	Management.		,
				2022	2021
	Other debtors			1,138	1,813
17.	Creditors: amounts		falling due within one year
				2022	2021
	Accruals and deferred Expenses paid by the		income 4814Trust	4,869 20,239	3,610 10,195
				25,108	13,805
18.	Creditors: amounts		falling due after more than one year
				2022	2021
				2
	Bestobell Founders	Welfare Trust Limited		100	100

			At					At
			1 January 20			Gains and 31		December
			22	Income	Expenditure	losses		2022
General funds			3,372,104	75,537	(161,854)	(413,019)		2,872,788
			At					At
			1 January 20			Gains and 31		December
			21	Income	Expenditure	losses		2021
General funds			5,758,402	123,643	(2,925,140)	415,199		3,372,104
Endowment		funds
			At					At
			1 January 20			Gains and 31		December
			22	Income	Expenditure	losses		2022
Permanent	Endowment
Fund			43,837					43,837
			At					At
			1 January 20			Gains and 31		December
			21	Income	Expenditure	losses		2021
						2
Permanent	Endowment
Fund			43,837					43,837
Analysis of net assets between funds
					Unrestricted	Endowment	Total Funds
					Funds	Funds		2022
					6
Investments					2,854,094	43,837		2,897,931
Current assets					43,882			43,882
Creditors less		than	1 year		(25,208)			(25,208)
Net assets					2,872,768	43,837		2,916,605
					Unrestricted	Endowment	Total Funds
					Funds	Funds		2021
								2
Investments					3,216,961	43,837		3,260,798
Current assets					169,048			169,048
Creditors less		than	1 year		(138,905)			(138,905)
Net assets					3,247,104	43,837		3,290,941