|`Contents`|`Page`|
|---|---|
|`ReportoftheTrustees`|`2-9`|
|`IndependentAuditor'sReport`|`10-12`|
|`StatementofFinancialActivities`|`13`|
|`BalanceSheet`|`14`|
|`CashFlowStatement`|`15`|
|`NotestotheFinancialStatements`|`16- 25`|





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|||||`2023`|`2022`|
|---|---|---|---|---|---|
||||`Expendable`|`Total`|`Total`|
||`Notes`|`Unrestricted`|`Endowment`|`Funds`|`Funds`|
|||`£`|`£`|`£`|`£`|
|`INCOMEANDENDOWMENTSFROM:`||||||
|`Donations`|`16`|`87,351`|`-`|`87,351`|`83`|
|`Charitableactivities`||`-`|`-`|`-`|`20`|
|`Investments`|`2`|`1,002,923`|`-`|`1,002,923`|`1,354,547`|
|`TotalIncomeandEndowments`||`1,090,274`|`-`|`1,090,274`|`1,354,650`|
|`EXPENDITUREON:`||||||
|`Raisingfunds`|`3`|`308,387`|`-`|`308,387`|`343,576`|
|`Charitableactivities`|`4`|`2,573,258`|`-`|`2,573,258`|`2,968,139`|
|`TotalExpenditure`||`2,881,645`|`-`|`,2,881,645`|`3,311,715`|
|`Netgains/(losses)oninvestments`|`8`|`-`|`2,076,336`|`2,076,336`|`(6,101,552)`|
|`NET(EXPENDITURE)/INCOME`||`(1,791,371)`|`2,076,336`|`284,965`|`(8,058,617)`|
|`Transferbetweenfunds`|`12,13`|`1,566,657`|`(1,566,657)`|`-`||
|`NETMOVEMENTINFUNDS`||`(224,714)`|`509,679`|`284,965`|`(8,058,617)`|
|`RECONCILIATIONOFFUNDS:`||||||
|`Totalfundsbroughtforward`||`1,890,437`|`79,537322`|`81,427,759`|`89,486,376`|
|`TOTALFUNDSCARRIEDFORWARD`||||||
|`AT30SEPTEMBER2023`|`13`|`1,665,723`|`80,047,001`|`81,712,724`|`81,427,759`|





## 

## 

||`Notes`||`2023`||`2022`|
|---|---|---|---|---|---|
|`FIXEDASSETS:`||`£`|`£`|`£`|`£`|
|`Tangibleassets`|`7`||`80,201`||`85,687`|
|`Investments`||||||
|`DiscretionaryPortfolio`|`8`|`74,346,143`||`72,804,816`||
|`Non-DiscretionaryPortfolio`<br>`PropertyFunds`|`8`<br>`8`|`1,538,097`<br>`4,162,761`||`1,898,047`<br>`4,935,274`||
||||`80,047,001`||`79,638,137`|
|`TOTALFIXEDASSETS`|||`80,127,202`||`79,723,824`|
|`CURRENTASSETS:`||||||
|`Currentassetinvestments`|`16`|`3,318`||`ee`||
|`Debtors`|`9`|`203,989`||`219,174`||
|`Cashatbankandinhand`||`1,561,300`||`1,592,717`||
|`TOTALCURRENTASSETS`|||`1,768,607`||`1,811,891`|
|`LIABILITIES:`||||||
|`Creditors:Amountsfallingdue`|`10`|`183,085`||||
|`withinoneyear`||||`107,956`||
|`NETCURRENTASSETS`|||`1,585,522`||`1,703,935`|
|`TOTALNETASSETS`|||`81,712,724`||`81,427,759`|
|`THEFUNDSOFTHE`||||||
|`FOUNDATION:`||||||
|`ExpendableEndowmentFunds`|`12,13`||`80,047,001`||`79,537,322`|
|`UnrestrictedFunds`|`12`||`1,665,723`||`1,890,437`|
|`TOTALFUNDS`|||`81,712,724`||`81,427,759`|






## 

||`2023`<br>`£`|`2022`<br>`£`|<br>|
|---|---|---|---|
|`Cashflowsfromoperatingactivities:`<br>`NetIncome/(loss)fortheyear`|`284,965`|`(8,058,617)`||
|`Adjustmentsfor:`<br>`Depreciationcharges`<br>`(Gains)/Lossesoninvestments`<br>`Investmentincome`|`5,486`<br>`(2,076,336)`<br>`(1,002,923)`|`5,486`<br>`6,101,552`<br>`(1,354,547)`|<br> <br>|
|`(Increase)/Decreaseincurrentassetinvestments`<br>`Decrease/(Increase)indebtors`<br>`Increase/(Decrease)increditors`|`(3,318)`<br>`15,185`<br>`75,129`|`68,710`<br>`(98,191)`<br>`(14,892)`|<br> <br>|
|`Netcashprovided(usedin)/byoperating`<br>`activities`|`(2,986,777)`|`4,708,118`||
|`Cashflowsfrominvestingactivities:`<br>`Investmentincome`<br>`Proceedsfromsaleofinvestments`<br>`Purchaseofinvestments`|`1,002,923`<br>`1,914,197`<br>`(246,725)`|`1,354,547`<br>`1,085,245`|<br> <br>`-`|
|`Netcashprovidedbyinvestingactivities`|`2,670,395`|`2,439,792`||
|`Cashflowsfromfinancingactivities:`||||
|`Netcashprovidedby/(usedby)financingactivities`||||
|`Changeincashandcashequivalentsinthe`<br>`Year`|`(31,417)`|`(910,707)`||
|`Analysisofcashandcashequivalents`<br>`Cashatbankandinhandbroughtforward`<br>`Cashatbankandinhandcarriedforward`|`1,592,717`<br>`1,561,300`<br>`(31,417)`|`2,503,424`<br>`1,592,717`<br>`(910,707)`|<br> <br>|





## 



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## 

|||`Education`|`Health`|`Elderly`|`General`|`TOTAL`|
|---|---|---|---|---|---|---|
||||`£`|`£`|`£`|`£`|
||`DirectCosts`|`835,879`|`1,231,791`|`325,187`|`-`|`2,392,857`|
||`SupportCosts`||||||
||`Staff`|`35,570`|`37,859`|`19,333`|`-`|`92,762`|
||`Property`|`5,762`|`8,491`|`2,242`|`-`|`16,495`|
||`Office`|`22,936`|`33,799`|`8,923`|`-`|`65,658`|
||`Depreciation`|`1,916`|`2,824`|`746`|`-`|`5,486`|
||`TOTAL2023`|`902,063`|`1,314,764`|`356,431`|`-`|`2,573,258`|
||`TOTAL2022`|`1,210,990`|`1,185,589`|`570,515`|`1,045`|`2,968,139`|
|`5.`|`NETINCOME/ (EXPENDITURE)`||||||
||`Thisisstatedafter`|`charging:`|||||
||||||`2023`|`2022`|
||||||`£`|`£`|
||`Auditor'sremuneration— audit`||||`15,600`|`15,680`|
||`Legalfees`||||`5,640`|`10,566`|
||||||`21,240`|`26,246`|
||`STAFFCOSTS`||||`2023`|`2022`|
||||||`£`|`£`|
||`Wagesandsalaries`||||`84,307`|`82,479`|
||`Pensions`||||`5,863`|`3,893`|
||`Employer'snational`|`insurancecosts`|||`2,592`|`3,193`|
||||||`92,762`|`89,565`|
||||||`No.`|`No.`|
||`Theaveragenumber`|`ofemployees`|`was:`||`4`|`4`|





## 

||`*`||||||||
|---|---|---|---|---|---|---|---|---|
|`7.`|`TANGIBLEFIXEDASSETS`||||||||
|||||`Freehold`||`Office`|||
|||||`Property`||`Equipment`||`Total`|
||`Costorvaluation`||||`£`|`£`||`£`|
||`At1 October2022`|||`160,000`||`18,445`||`178,445`|
||`Additions`||||`:`|`:`||`-`|
||`At30September2023`|||`160,000`||`18,445`||`178,445`|
||`Accumulateddepreciation`||||||||
||`Atbeginningofyear`|||`76,800`||`15,958`||`92,758`|
||`Chargeforyear`|||`3,200`||`2,286`||`5,486`|
||`At30September2023`|||`80,000`||`18,244`||`98,244`|
||`Netbookvalue`||||||||
||`At30September2023`|||`80,000`||`201`||`80,201`|
||`At30September2022`|||`83,200`||`2,487`||`85,687`|
||`INVESTMENTS`|||||`2023`||`2022`|
|||||||`£`||`£`|
||`DiscretionaryPortfolio`||||||||
||`At1 October`|||||`72,804,816`|`80,655,058`||
||`Proceedsonsaleofinvestments`|||||`(1,914,197)`||`(1,085,246)`|
||`Purchaseofinvestments`|||||`246,725`||`-`|
||`Netinvestmentgains/(losses)`|||||`3,208,799`||`(6,764,996)`|
||`Marketvalueat30September`|||||`74,346,143`|`72,804,816`||
||`InvestmentsintheUK:`||||||||
||`Equitysharesandpooledfunds`|||||`16,891,677`||`7,230,651`|
||`Cashinstruments`|||||`278,051`||`751,302`|
||`Investmentsoverseas:`||||||||
||`FixedInterest& Equityshares`|||||`57,176,415`|`64,822,863`||
|||||||`74,346,143`|`72,804,816`||
||`Theinvestmentholdingsmaking`|`upmorethan70%`||`ofthe`|`portfolio`|<br>`areshown`|<br>`below:`||
||`IsharesUSEquityIndexfund`|||||`21%`||`19%`|
||`BlackrockGlobalFundLongHorizon`|||||`14.9%`||`-`|
||`BlackrockDevelopedmarketsustainable`||`equityfund`|||`12.2%`||`42.5%`|
||`BlackrockGlobalunconstrainedEquities`|||||`9.8%`||`-`|
||`BlackrockAdvancedEmergingMarkets`||`Equityfund`|||`9.8%`||`8.5%`|
||`BlackrockContinentalEuropean`|||||`5.3%`||`6.6%`|
||`DevelopmentWorldESGIndex`|||||`-`||`15.3%`|
||`The`<br>`historiccost`<br>`oftheDiscretionary`||<br>`Portfolio’sinvestments`||<br>`at30`|`September`|`2023`|<br>`is`|
||`£72,680,`<br>`126(2022:£76,228,380).`||||||||
||`DirectlyHeldPropertyFunds`|||||`2023`||`2022`|
|||||||`£`||`£`|
||`Asat1 October`|||||`6,833,321`||`6,169,876`|
||`Unrealisedinvestment(losses)/gains`|||||`(1,132,463)`||`663,445`|
||`Marketvalueat30September`|||||`5,700,858`||`6,833,321`|





## 

|||`2023`|`2022`|
|---|---|---|---|
|||`£`|`£`|
||`AccruedIncome`|`203,989`|`219,174`|
|||`203,989`|`219,174`|
|`10.`|`CREDITORS`|||
|||`2023`|`2022`|
|||`£`|`£`|
||`TradeCreditors`|`4,278`|`9,165`|
||`Accruals`|`178,807`|`98,791`|
|||`183,085`|`107,956`|



## 

|`EDUCATION`|`£`|
|---|---|
|`BRISTOLINDEPENDENTSCHOOLS— JOHNJAMESAWARDSCHEME`||
|`BadmintonSchool`|`30,000`|
|`BristolGrammarSchool`|`30,000`|
|`CliftonCollege`|`30,000`|
|`CliftonHighSchool`|`30,000`|
|`Colston’sSchool`|`30,000`|
|`QueenElizabeth’sHospital`|`30,000`|
|`Redmaids’HighSchool`|`30,000`|
||`210,000`|
|`BRISTOLSCHOOLS— PRIZESANDAWARDS`||
|`Includingawardsof£5,000to24SecondarySchools`|`137,695`|
|`BRISTOLPRIMARYSCHOOLS— RESIDENTIALTRIPS`||
|`Includingawardsto11PrimarySchools`|`35,700`|
|`OTHEREDUCATION`||
|`CreativeYouthNetwork- towardstheredevelopmentofTheCourts`|`190,000`|
|`LansdownParkAcademy`|`35,000`|
|`BristolMusicTrust`|`18,000`|
|`Princes’Trust`|`15,000`|
|`AvonYouthClub`|`15,000`|
|`TheWheelsProject`|`15,000`|
|`LifeCycle`|`13,200`|
|`Horseworld`|`10,400`|
|`ChangingTunes`|`10,000`|
|`1625IndependentPeople`|`10,000`|
|`1stMuslimScoutGroup`|`10,000`|
|`PerryCourtE-ActAcademy`|`8,795`|
|`Room13Hareclive`|`8,000`|
|`YoungCarersDevelopmentTrust`|`6,861`|
|`Othergrants< £5,000`|`87,228`|
||`452,484`|



## 



## 

## 

|||`£`|
|---|---|---|
||`Bristol`<br>`&WestonHospitalsCharity`|`105,400`|
||`WellspringSettlement`|`40,000`|
||`BlackSouthWestNetwork`|`37,500`|
|`_*`|`BristolCitizensAdvice`|`36,000`|
|`"`|`Fareshare`|`35,000`|
||`MarieCurie`|`32,500`|
||`PennyBrohn`|`30,000`|
||`InHope`|`30,000`|
||`BarnardosBase`|`30,000`|
||`NSPCC`|`30,000`|
||`Hawkspring`|`30,000`|
||`SixtyOne`|`30,000`|
||`BristolRefugeeRights`|`25,000`|
||`HartcliffeCityFarm`|`25,000`|
||`Key4LifeClO`|`21,000`|
||`TalkingMoney`|`20,000`|
||`SevernsideBuilding`|`20,000`|
||`TheGreenHouse`|`20,000`|
||`Borderlands`|`17,000`|
||`UniversityofBristol`|`16,000`|
||`-One25Ltd`|`15,000`|
||`BrainTumourSupport`|`15,000`|
||`HousingMatters`|`15,000`|
||`LawrenceWestonCommunityChurch`|`15,000`|
||`JumpStart`<br>`.`|`13,500`|
||`RefugeeWomenofBristol`|`12,500`|
||`StJohnAmbulance`|`12,000`|
||`TargetOvarianCancer`|`12,000`|
||`AccessSport`|`10,063`|
||`FilwoodPlayingFieldTrust`|`10,000`|
||`TheCommunityoftheSistersoftheChurch`|`10,000`|
||`Postscript`|`10,000`|
||`GreatGeorgeStreetChurch`|`10,000`|
||`BarnardosAmbitionsInitiative`|`10,000`|
||`CLICSargent`|`10,000`|
||`_Gympanzees`|`10,000`|
||`»`||





## 

|`TheMatthewTreeProject`||`10,000`|
|---|---|---|
|`YoungBristol`||`10,000`|
|`Bibic`||`10,000`|
|`HeartofBS13`||`10,000`|
|`Huntington'sDisease`||`10,000`|
|`Shelter`||`10,000`|
|`SouthmeadProject`||`10,000`|
|`ShirehamptonFootballClub`||`10,000`|
|`StepandStone`||`10,000`|
|`MeadowValeCommunityAssociation`||`10,000`|
|`Beloved`||`10,000`|
|`Revitalise`||`10,000`|
|`GreatWesternAirAmbulance`||`10,000`|
|`Crohn's& Colitis`||`10,000`|
|`Unseen`||`10,000`|
|`Bristo!SomaliYouth`||`9,660`|
|`WindmillHillCityFarm`||`9,500`|
|`BravoMedics`|`—`|`9,474`|
|`TheHarbour`||`8,000`|
|`AllAboardWaterSports`||`8,000`|
|`React`||`7,000`|
|`Willow`||`6,500`|
|`Opoka`||`6,000`|
|`FeedingBristol`||`6,000`|
|`KidsCancerCharity`||`5,500`|
|`SouthBristolChildContact`||`5,500`|
|`Othergrants< £5,000`|`180,194`||
|`TOTALHEALTH`|`1,231,791`||





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|||`Unrestricted`|`Expendable`||
|---|---|---|---|---|
|||`Funds`|`Endowment`|`Total`|
|||`£`|`£`|`£`|
|`Tangiblefixedassets`||`80,201`|`-`|`80,201`|
|`InvestmentsandAssociatedDeposits`||`-`|`80,047,001`|`80,047,001`|
|`Netcurrentassets`||`4,585,522`|`-`|`1,585,522`|
|||`1,665,723`|`80,047,001`|`81,712,724`|
|||`Unrestricted`|`Expendable`||
|||`Funds`|`Endowment`|`Total`|
|`Movementintheyear`||`£`|`£`|`£`|
|`Openingbalanceasat`|`1September2022`|`1,890,437`|`79,537,322`|`81,427,759`|
|`Totalincome& endowments`||`1,090,274`|`-`|`1,090,274`|
|`Costofraisingfunds`||`(308,387)`|`-`|`(308,387)`|
|`Costofcharitableactivities`||`(2,573,258)`|`-`|`(2,573,258)`|
|`GainsonInvestments`||`-`|`2,076,336`|`2,076,336`|
|`Transferbetweenfunds`||`1,566,657`|`(1,566,657)`|`-`|
|||`1,665,723`|`80,047,001`|`81,712,724`|





## 

||||`Unrestricted`|`Expendable`|`Expendable`||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||`Funds`|`Endowment`|||||`Total`||
||||`£`||`£`||||`£`||
|`Tangiblefixedassets`|||`85,687`||`-`||||`85,687`||
|`investmentsandAssociatedDeposits`|||`100,815`|`79,537,322`||||`79,638,137`|||
|`Netcurrentassets`|||`1,703,935`||`-`|||`1,703,935`|||
||||`1,890,437`|`79,537,322`||||`81,427,759`|||
||||`Unrestricted`|`Expendable`|||||||
||||`Funds`|`Endowment`|||||`Total`||
|`Movementintheyear`|||`£`|||`£`|||`£`||
|`Openingbalanceasat`<br>`1September`|`2021`||`2,762,256`|`86,724,120`||||`89,486,376`|||
|`Totalincome& endowments`|||`1,354,650`|||`-`|||`1,354,650`||
|`Costofraisingfunds`|||`(343,576)`|||`-`|||`(343,576)`||
|`Costofcharitableactivities`|||`(2,968,139)`|||||`(2,968,139)`|||
|`LosesonInvestments`||||`(6,101,552)`||||`(6,101,552)`|||
|`Transferbetweenfunds`|||`1,085,246`|`(1,085,246)`|||||`-`||
||||`1,890,437`|`79,537,322`||||`81,427,759`|||
|`HARITABLECOMMITMENTS`|||||||||||
|`t30September2023theFoundationhad`||`outstandingcommitmentstomake`|||`charitablegrants`||||||
|`mountingintotalto£1,945,260(2022:£2,307,300)whichwillbe`||||`fundedfrom`||`future`||`income.`|||
|`895,260isduetobemetwithinone`|`year`|`and£1,050,000isduetobemetafter`||||`morethan`|||`one`||
|`ear.`|||||||||||
|`fthematerialcommitmentsdueafterone`||`year,£1,050,000isdue`||`toschools.`|`All`|`commitments`|||||
|`resubjecttothefulfilmentofcertain`|`conditions.`||||||||||
|`aterialindividualcommitmentsand`|`categoriesof`||`commitmentsaredisclosed`||`below.`||||||
|||`b/f`|`SOFA`|`Released`|`New`||`Grants`||`c/fTotal`||
|||`£`|`£`|`£`|||`£`||`£`||
|`Schools`|`1,270,500`||<br>`217,195`|`3,305`||`220,500`|||<br>`1,270,500`||
|`Bristol& WestonHospitals’Charity`||`100,000`|<br>`100,000`|`-`||||`-`||`-`|
|`Barnardo’s— BristolBASE`||`40,000`|<br>`40,000`|`-`|||`40,000`||<br>`40,000`||
|`BristolMusicTrust`||`18,000`|<br>`18,000`|`-`||||`-`||`-`|
|`CreativeYouthNetwork`||`190,000`|<br>`190,000`|`-`||||`-`||`-`|
|`FareshareSouthWest`||`35,000`|<br>`35,000`|`-`||||`-`||`-`|
|`GreatWesternAirAmbulance`||`450,000`|<br>`10,000`|`-`|||`73,760`||<br>`513,760`||
|`UniversityofBristol`||`32,000`|<br>`16,000`|`-`||||`-`|<br>`16,000`||
|`FriendsofJubileepool`|||`-`<br>`-`|`-`|||`50,000`||<br>`50,000`||
|`SpikeIsland`|||`-`<br>`-`|`-`|||`30,000`||<br>`30,000`||
|`WatershedArtsTrustLtd`||`100,000`|<br>`-`|`100,000`||||`-`||`-`|
|`OthersLessthan£25,000`||`71,800`|<br>`57,800`|`10,000`|||`21,000`||<br>`25,000`||
|`Total`|`2,307,300`||<br>`683,995`|`113,305`||`435,260`|||<br>`1,945,260`||



## 



## 

## 

## 

|||||`2022`|`2021`||
|---|---|---|---|---|---|---|
||||`Expendable`|`Total`|`Total`||
||`Unrestricted`||`Endowment`|`Funds`|`Funds`||
||`£`||`£`|`£`|`£`||
|`INCOMEANDENDOWMENTS`|||||||
|`FROM:`|||||||
|`Donations,legacies`|`83`||`-`|`83`|`58,093`||
|`Charitableactivities`|`20`||`-`|`20`|`34`||
|`Investments`|`1,354,547`||`-`|`1,354,547`|`2,130,341`||
|`TotalIncomeandEndowments`|`1,354,650`||`-`|`1,354,650`|`2,188,468`||
|`EXPENDITUREON:`|||||||
|`Raisingfunds`|`343,576`||`-`|`343,576`|`321,321`||
|`Charitableactivities`|`2,968,139`||`-`|`2,968,139`|`2,515,133`||
|`TotalExpenditure`|`3,311,715`||`-`|`3,311,715`|`2,836,454`||
|`Net(losses)/gainsoninvestments`||`-`|`(6,101,552)`|`(6,101,552)`|`9,433,164`||
|`NET(EXPENDITURE)/INCOME`|`(1,957,065)`||`(6,101,552)`|`(8,058,617)`|`8,785,178`||
|`Transferbetweenfunds`|`1,085,246`||`(1,085,246)`|`-`||`-`|
|`NETMOVEMENTINFUNDS`|`(871,819)`||`(7,186,798)`|`(8,058,617)`|`8,785,178`||
|`RECONCILIATIONOFFUNDS:`|||||||
|`Totalfundsbroughtforward`|`2,762,256`||`86,724,120`|`89,486,376`|`80,701,798`||
|`TOTALFUNDSCARRIED`|||||||
|`FORWARD`|||||||
|`AT30SEPTEMBER2022`|`1,890,437`||`79,537,322`|`81,427,759`|`89,486,376`||