2023-04-05-accounts - Excel Fund

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				2023	2022
				Unrestricted	Total
				fund	funds
			Notes	6	6
INCOME AND ENDOWMENTS		FROM
Investment income				~29 92'I	~39 434
EXPENDITURE ON
Raising funds				7,671	8,452
Charitable activities Charitable Expenditure				~34 267	~43 841
Total				~41938	~52 293
Net gains/(losses) on	investments			~105079	~2 264
NET INCOME/(EXPENDITURE)				(117,093)	(10,595)
RECONCILIATION	OF FUNDS
Total funds brought forward				1,442,311	1,452,906
TOTAL FUNDS CARRIED FORWARD				~125 218	~1442 311

		2023	2022
		Unrestricted	Total
		fund	funds
	Notes	6	6
FIXEDASSETS
Investments	10	1,244,651	1,370,998
CURRENT ASSETS
Debtors Cash at bank		17,146 ~65 591	3,707 ~69596
		82,737	73,303
CREDITORS
Amounts falling due within one year	12	(2,170)	(1,990)
NET CURRENT ASSETS		~80 567	~71313
TOTAL ASSETS LESSCURRENT LIABILITIES		1,325,218	1,442,311
NET ASSETS		~1325 218	~1442311
FUNDS Unrestricted funds	13	~1325218	~1442311
TOTAL FUNDS		~125 218	~1442311

S.	CHARITABLE A	CTIVITI	ES COSTS
				Grant
				funding	of
				activities		Support
				(see note		costs (see
				6)I		note 7) I	Totals 6
	Charitable Expenditure			~32 000		~2267	~34267
6.	GRANTS PAYABLE
						2023	2022
							6
	Charitable Expenditure					~32 000	~41700
	Grants to paid to	charities	during the year include the following	payments:
						2023	2022
						I	6
	Alzheimers Society Asthma and Lung UK Blesma (limbless)					1,400 1,400 1,400	2,000 1,500 2,000
	Blind Veterans UK					1,400	1,500
	British Red Cross					1,500	4,500
	Cancer Research	UK				1,400	2,000
	Changing Faces Combat Stress					1,000 1,400	1,000 1,500
	Cornwall Air Ambulance					1,000	1,500
	Dementia UK					1,400	1,700
	Dogs for Good Fight for Sight Hospitality Action Listening Books MacMillan Cancer MIND	Support				1,400 1,400 1,500 1,000 1,400 1,400	2,200 1,500 1,500 1,500 1,500 2,000
	National Star Foundation					1,400	2,000
	Norwood Ravenswood					1,400	1,500
	RNLI					1,400	1,500
	Royal UK Beneficent Association SSAFA					1,400 1,400	1,500 1,500
	Wallace Collection					1,400	800
	Woodland Trust					0	1,300
	Young Minds Other Charities					1,400 800	2,000 200
						~32000	~41700

COMPARATIVES FORTHE STA	TEMENT OF FINANCIAL ACTIVI	TIES
		Unrestricted
		fund
		6
INCOME AND ENDOWMENTS	FROM
Investment income		~39 434
EXPENDITURE ON
Raising funds		8,452
Charitable activities Chadtable Expenditure		~43841
Total		~52 293
Net gains on investments		~2264
NET INCOME/(EXPENDITURE)		(10,595)
RECONCILIATION OF FUNDS
Total funds brought forward		1,452,906
TOTAL FUNDS CARRIED FORWARD		~1442311

	All of the invesbnents investments held at the	All of the invesbnents investments held at the	All of the invesbnents investments held at the	at the year end were managed by a di year end was 61,306,854	at the year end were managed by a di year end was 61,306,854	at the year end were managed by a di year end was 61,306,854	scretionary in	vestment manage	r. The cost
11.	DEBTORS:AMOUNTS			FALLING DUE WITHIN ONE YEAR
								2023 6	2022I
	Investment manager Investment manager		capital income			account account		14,728 ~2418	1,131 ~2576
								~17 146	~3707
12.	CREDITORS:	AMOUNTS			FALLING DUE WITHIN ONE YEAR
								2023I	2022 6
	Other creditors							~2170	~1990
13.	MOVEMENT IN FUNDS
								Net
								movement	At
							At 6/4/22	in funds	5/4/23
							I	6
	Unrestricted	funds
	General fund						1,442,311	(117,093)	1,325,218
	TOTAL FUNDS						1442311	~117093)	~1325218

Net movement in funds, included in	the above are as follows:
	incoming	Resources	Gains and	Movement
	resources f	expended f	losses	in funds f
Unrestdctedfunds
General fund	29,924	(41,938)	(105,079)	(117,093)
TOTAL FUNDS	~29 924	~41 938)	~105079)	~117093)

Comparative	net movement in funds,	included in the above are a	s follows:
		Incoming	Resources	Gains and	Movement
		resources f	expended f	losses f	m funds f
Unrestricted	funds
General fund		39,434	(52,293)	2,264	(10,595)
TOTAL FUNDS		~39434	~52 293)	~2264	~10595)