2022-03-31-accounts - The Elizabeth Creak Charitable Trust

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			2022	2021
		Notes	f	f
Income from:
Investment income			1,448,139	1,118,547
Expenditure on:
Cost ofraising funds			20,523	22,851
Charitable activities			535,939	1,282,401
Total resources expended			556,462	1,305,252
Net (losses) / gains on investments			262,015	6,310,435
Net movement in funds			1,153,692	6,123,730
Fund balances at 1April 2021			32,018,202	25,894,472
Fund balances at31March 2022			33,171,894	32,018,202
All ofthe above income and expenditure	relates tothat ofunrestricted	funds.

			2022	2021
		Notes	f	f
Cash flows from operating	activities
Cash absorbed by operations		17	(1,663,795)	(1,444,562)
Investing activities
Purchase ofinvestment property			(2,552,442)	(200,368)
Purchase ofother investments			(1,245,780)	(5,080,662)
Proceeds on disposal ofother investments			3,395,781	5,471,338
Investment income received			1,448,139	1,118,547
Net cash generated from	investing
activities			1,045,698	1,308,855
Net cash used in financing	activities
Net decrease in cash and	cash equivalents		(618,097)	(135,707)
Cash and cash equivalents	at beginning	ofyear	921,427	1,057,134
Cash and cash equivalents	at end ofyear		303,330	921,427

			2022	2021
			f	f
Rental income			299,894	255,718
Dividends	and interest from listed investments		1,083,245	862,559
Dilapidation		income	65,000
Interest receivable				270
			1,448,139	1,118,547
Cost ofraising funds
			2022	2021
			f	f
Investment		management	20,523	22,851
			20,523	22,851

				Other	Other	costs	Grants		Total	Total
							payable		2022	2021
						f	f		f	f
Grant funding ofactivities		(see note	6)				511,805	511,805		1,252,883
Governance costs					24,134			24,134		29,518
					24,134		511,805	535,939		1,282,401
Governance costs	include	payments	of	an audit fee of		f7,050	(2021 - f7,600) and f4,100(2021-
f4,995) for accountancy		fees, trustees		remuneration	of f2,805 (2021 - f3,570), legal fees of fnil
(2021-f5,155),trustees		reimbursed	expenses off392(2021-f420) and insurance						costs reimbursed
off5,238(2021-	f5,410).
Grants payable
									2022	2021
									f	f
Grants to:
Newcastle University									27,500	25,000
C.E.I.F									25,995	715,023
University of Reading									27,500	25,000
Harper Adams									27,500	25,000
Studley College									33,000	30,000
Hartpury College										250,000
Nuffield Farming Scholarship										30,000
Sir Harold Hillier Gardens									25,000
Warwick Hub									71,797
Royal Agricultural	University								27,500
Henry Plumb Foundation									69,567
Other Grants &f25,000								176,446		152,860
								511,805		1,252,883

	Listed	Unlisted	Cash in	Total
	investments	investments	portfolio
	f	f
Cost or valuation
At 1April 2021	29,583,228	4,500	107,718	29,695,446
Additions	1,245,780			1,245,780
Valuation changes	420,467			420,467
Cash movement			357,249	357,249
Disposals	(3,911,482)			(3,911,482)
At 31March 2022	27,337,993	4,500	464,967	27,807,460
Carrying amount
At31March 2022	27,337,993	4,500	464,967	27,807,460
At 31March 2021	29,583,228	4,500	107,718	29,695,446

12	Financial	instruments	instruments			2022	2021
						f	f
	Carrying	amount	offinancial assets
	Instruments measured at fair value through				profit or loss	27,337,993	29,583,228
	Carrying	amount	offinancial	liabilities
	Measured	at fair	value through	profit or loss
	-Other financial		liabilities			1,626,723	2,403,061
13	Debtors
						2022	2021
	Amounts	falling	due within one year:			f
	Other debtors					522,232	50,326
	Prepayments and accrued income					5,000	40,000
						527,232	90,326
						2022	2021
	Amounts	falling	due after more than one year:			f	f
	Prepayments and accrued income					10,000	15,000
	Total debtors					537,232	105,326

14	Creditors: amounts	Creditors: amounts	falling	due within	one year
								2022	2021
							Notes	f	f
	Other taxation								8,223
	Deferred income						16	76,405	52,028
	Trade creditors							3,303	15,170
	Other creditors							777,339	915,521
	Accruals							14,956	12,514
								872,003	1,003,456
15	Creditors: amounts		falling	due after more than one year
								2022	2021
								f	f
	Other creditors							943,567	1,487,541
	Other creditors relate to unconditional				grant commitments.
16	Deferred income
								2022	2021
								f	f
	Arising from rental		income	invoiced in
	advance							76,405	52,028
	Deferred income	is	included	in the financial statements		as	follows:
								2022	2021
								f	f
	Deferred income	is	included	within:
	Current liabilities							76,405	52,028
	Movements in the		year:

16	Deferred income					(Continued)
	Deferred income at	1April 2021			52,028	22,490
	Released from previous periods				(52,028)	(22,490)
	Resources deferred	in the year			76,405	52,028
	Deferred income at	31March 2022			76,405	52,028
17	Cash generated from operations				2022	2021
					f
	Surplus forthe year				1,153,692	6,123,730
	Adjustments for:
	Investment income	recognised in statement		offinancial activities	(1,448,139)	(1,118,547)
	Loss/(gain) on disposal ofinvestments				158,452	(532,096)
	Fair value gains and	losses on investment	properties			(564,632)
	Fair value gains and	losses on investments			{420,467)	(5,213,707)
	Movements in working capital:
	(Increase) in debtors				(431,906)	{69,669)
	{Decrease) in creditors				(699,804)	(99,179)
	Increase in deferred	income			24,377	29,53&
	Cash absorbed by operations				(1,663,795)	(1,444,562)
18	Analysis ofchanges	in net funds
	The charitable trust	had no debt during the		year.