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|Contents||Page|
|---|---|---|
|Legal and Administrative|Details||
|Trustees' Annual<br>Report||2-3|
|Independent<br>Examiner's|Report|4-5|
|Statement ofFinancial Activities|||
|BalanceSheet|||
|Notes tothe Finanrial Statements||8-12|





|Address of|Charity:|13Cottage Road||
|---|---|---|---|
|||Epsom||
|||Surrey||
|||KT199RT||
|Trustees:||Mrs E3 Barham Carter - Chairman||
|||CBarham Carter||
|||Mrs CCSlatter||
|||Mrs CM EWarburg||
|Secretary:||I SCushnie||
|Investment|Advisers:|Investec Wealth &Investment|Ltd|
|||30Gresham Street||
|||London||
|||EC2V 7QN||
|Independent|Examiner:|Anthony<br>Kelly FCA||
|||2 Woodberry Close||
|||Chiddingfold||
|||Godalming||
|||Surrey||
|||GU8 4SF||





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||Notes||2023||2022|
|---|---|---|---|---|---|
||||E|E||
|INCOMING RESOURCES||||||
|Investment<br>income||27,279||29,627||
|Total incoming resources|||27,279||29,627|
|RESOURCES EXPENDED||||||
|Charitable expenditure||||||
|Payments to beneficiadies||29,600||37,519||
|Support costs||3,600||3,600||
|Management<br>and administration||15,831||16,030||
|||49,031||57,149||
|Costofgenerating<br>funds||||||
|Investment<br>managers'<br>fee||8,675||9,423||
|Total resources expended|||57,706||66,572|
|NET EXPENDITURE|||(30,427)||(36,945)|
|Unrealised<br>gains/(loss)<br>on revaluations||||||
|on investment<br>assets|||(89,204)||31,582|
|Realised gains on disposals ofinvestment||||||
|assets|||23,691||21,440|
|NET MOVEMENT IN UNRESTRICTED FUND|||(95,940)||16,077|
|Unrestricted<br>fund balance at 6April 2022|||1,033,125||1,017,048|
|UNRESTRICTED FUND BALANCE AT5April 2023|||937,185||1,033,125|








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||||||||||
|---|---|---|---|---|---|---|---|---|
|3.|PAYMENTS TO BENEFICIARIES||||||2023|2022|
||||||||E|E|
||The|amounts<br>payable<br>in the year comprise;|||||||
||Individuals:||||||||
||(i)|Payments to beneficiaries|forthe general welfare|||of|||
|||people<br>in financial need whose circumstances|||comply0.||||
|||with the Charity's objectives|||||||
|||9grants (2022 - 12)|||||24,450|32,269|
||(ii)|Sponsorship<br>for the training ofa person||engaged||in the|||
|||craft, trade or profession|ofsilversmith,|goldsmith||or|||
|||horologist|||||||
|||1person (2022 - 1)|||||5,000|5,000|
||(iii)|Sidney Sanders Prize|||||150|250|
||||||||29,600|37,519|
|4.|SUPPORT COSTS||||||2023|2022|
||||||||6|E|
||Trust|visitor costs|||||3,600|3,600|
|5,|MANAGEMENT<br>AND ADMINISTRATION||||||2023|2022|
||||||||E|E|
||Telephone,<br>postage and stationery||||||381|362|
||Sundry expenses||||||690|1,278|
||Insurance||||||160|160|
||Trust|secretary fees|||||12,000|12,000|
||Accountancy<br>fees||||||2,600|2,500|
||Bank|charges (net refund)||||||(270)|
||||||||15,831|16,030|
||There|are no highly paid staff.|||||||





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|All the|investments<br>a|re|held primarily<br>for an investment<br>return.|||
|---|---|---|---|---|---|
|||||2023|2022|
|||||E|E|
|Quoted|investments|||||
|Market|value at 6April||2022|942,881|1,008,077|
|Add:|Acquisitions|at cost||200,694|229,142|
|Less:|Disposals at|book value||(135,444)|(325,920)|
|Unrealised<br>gain/(loss)|||on revaluation|(89,204)|31,582|
|Market|value at5April||2023|918,927|942,881|
|TOTAL FIXEDASSET INVESTMENTS||||918,927|942,881|
|Historic|cost at 5 April|2023||791,859|727,950|
|Realised|gains on dlsposals|||||
|Proceeds ofsale||||159,135|347,360|
|Cost ofinvestments<br>sold||||(135,444)|(325,920)|
|||||23,691|21,440|
|CREDITORS: AMOUNTS|||FALLIN6 DUE WITHIN ONE YEAR|||
|||||2023|2022|
|||||E|E|
|Accruals||||2,600|2,500|





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||||Net||
|---|---|---|---|---|
||||movement||
|||At 06.04.22|in funds|At05.04.23|
|||E|E|E|
|Unrestricted|funds||||
|General fund||1,033,125|(95,940)|937,185|
|TOTAL FUNDS||1,033,125|(95,940)|937,185|



|||Incoming|Resources||Net loss|Movement||
|---|---|---|---|---|---|---|---|
|||Resources|expended|on|investments|in funds||
|||E|E||E|E||
|Unrestricted|funds|||||||
|General fund||27,279|(57,706)||(65,513)|(95,940)||
|TOTAL FUNDS||27,279|(57,706)||(65,513)|(95,940)||
|MOVEMENT|IN FUNDS- PRIOR YEAR|||||||
|||||||Net||
|||||||movement||
|||||At06.04.21||in funds|At 05.04.22|
||||||E|E|E|
|Unrestricted|funds|||||||
|General fund||||1,017,048||16,077|1,033,125|
|TOTAL FUNDS||||1,017,048||16,077|1,033,125|



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|||incoming|Resources|Net gain|Movement|
|---|---|---|---|---|---|
|||Resources|expended|on investments|in funds|
|||E|E|E|E|
|Unrestricted|funds|||||
|General fund||29,627|(66,572)|53,022|16,077|
|TOTAL FUNDS||29,627|(66,572)|53,022|16,077|





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