2023-04-30-accounts - Grace Charitable Trust

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		Page
Report ofthe Trustees	1	to	4
Report ofthe Independent Auditors	5 to		8
Statement of Financial Activities
Balance Sheet		10
Cash Flow Statement
Notes to the Cash Flow Statement		12
Notes to the Financial Statements	13 to		19
Detailed Statement of Financial Activities	20	to	21

				30/4/23	30/4/22
				Unrestricted	Total
				fund	funds
			Notes	6	6
INCOME AND ENDOWMENTS		FROM
Donations and legacies			2	1,140,481	1,057,875
Investment income Other income				26,617 ~37661)	20,221 ~64 044)
Total				1,126237	1,014,062
EXPENDITURE ON
Raising funds				20,555	22,418
Charitable activities
Christian				857,375	652,000
Education				158,000	60,500
Social and Medical				272,625	349,900
General charitable	purposes			14,550	8,550
Support costs				8,401	8,415
Total				1,331,506	1,101,783
NET INCOME/(EXPENDITURE)				(202,269)	(87,731)
RECONCILIATION	OF FUNDS
Total funds brought	fonNard			3,854,750	3,942,481
TOTAL FUNDS CARRIED FORWARD				3,652,481	3,854,750

		30/4/23	30/4/22
		Unrestricted	Total
		fund	funds
	Notes	6	f
FIXEDASSETS
Investments	10	3,543,098	3,575,276
CURRENT ASSETS
Debtors			30,581
Cash at bank		113,583	253,093
		113,583	283,674
CREDITORS
Amounts falling due within one year	12	(4,200)	(4,200)
NET CURRENT ASSETS		109,383	279,474
TOTAL ASSETS LESSCURRENT
LIABILITIES		3,652,481	3,854,750
NET ASSETS		3,652,481	3,854,750
FUNDS	13
Unrestricted funds		3,652,481	3,854,750
TOTAL FUNDS		3,652,481	3,854,750

		30/4/23	30/4/22
	Notes	6	F
Cash flows from operating activities
Cash generated from operations	1	~155860)	(109,727)
Net cash used in operating activities		(155,860)	(109,727)
Cash flows from investing activities
Purchase offixed asset investments Sale offixed asset investments		(130,564) 120,297	(356,657) 394,072
Interest received		266	702
Dividends received		26,351	19,496
Net cash provided by investing	activities	16,350	57,613
Change in cash and cash
equivalents in the reporting
period Cash and cash equivalents at	the	(139,510)	(52,114)
beginning ofthe reporting period		253,093	305,207
Cash and cash equivalents at	the
end ofthe reporting period		113,583	253,093

RECONCILIATION	OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING	OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING	OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING	OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING
ACTIVITIES
			30/4/23	30/4/22
			L'
Net expenditure for the reporting		period (as per the
Statement of Financial Activities) Adjustments for:			(202,269)	(87,731)
Interest received			(266)	(702)
Dividends received			(26,351)	(19,496)
Net profit on investments at revaluation			37,861	29,662
Cash movement in	porffolio		4,584	(601)
Decrease/(increase)	in debtors		30,581	(278) ~30,581)
Net cash used in	operations		(155,860)	~109,727)

year. Included in governance costs are secretarial c FIXEDASSET INVESTMENTS	, osts ofE3,497 (2022- L2,948).
	Investments
	E
MARKET VALUE
At 1 May 2022	3,575,276
Acquisitions	130,564
Disposals	(120,297)
Net gains on revaluations Reclassification/transfer	(37,861) ~45841
At 30 April 2023	3,543,098
NET BOOK VALUE
At 30 April 2023	3,543,098
At 30 April 2022	3,575,276

Listed	investments		2023	2022
Cash	in investment	portfolios	150,500	155,084
UK Quoted equities		and other investments	2,990,797	3,070,378
			3,141,297	3,225,462
Other	investments
Property investments			12,250	17,570
Other	UK investments		389,551	332,244
			3,543,888	3,575,275

			Investments
Valuation	in	2023	3,543,098

	The historical cost of f2,696,720).	The historical cost of f2,696,720).	the investments held at 30 April 2023	the investments held at 30 April 2023	the investments held at 30 April 2023	was f2,665	,903 (2022
11.	DEBTORS:AMOUNTS		FALLING DUE WITHIN ONE YEAR
						30/4/23	30/4/22
						f	f
	Other debtors						30,581
12.	CREDITORS:	AMOUNTS		FALLING DUE WITHIN ONE	YEAR
						30/4/23	30/4/22
						f
	Other creditors					4,200	4,200
13.	MOVEMENT	IN FUNDS
						Net
						movement	At
				At 1.5.22		in funds	30.4.23
					f	f	f
	Unrestricted	funds
	General fund			3,854,750		(202,269)	3,652,481
	TOTAL FUNDS			3,554,750		~202,269i	3,652,461

Compara	tive	net movement in funds,	included in the above are a	s follows:
			Incoming	Resources	Movement
			resources	expended	in funds
				E	E
Unrestricted		funds
General	fund		1,014,052	(1,101,783)	(87,731)
TOTAL	FUNDS		1,014,052	~1,101,783)	~87,731)

		30/4/23	30/4/22
			E
INCOME AND ENDOWMENTS
Donations and legacies
Donations		1,084,950	1,027,375
Gift Aid		55 531	30,500
		1,140,481	1,057,875
Investment income
Bank interest		246	23
Other interest receivable		10,304	3,384
Income from UK listed		12,161	12,941
Income from non-UK listed		3,176	3,171
Property income		730	702
		26,617	20,221
Other income Other incoming resources		~37861)	~64,044)
Total incoming resources		1,129,237	1,014,052
EXPENDITURE
Investment management	costs
Investment management	fees	20,372	22,261
Bank interest and charges		183	157
		20,555	22,418
Charitable activities
Christian based activities		857,375	652,000
Education		158,000	60,500
Social and medical		272,625	349,900
General charitable purposes		14,550	8 550
		1,302,550	1,070,950
Support costs
Governance costs
Auditors' remuneration		4,410	4,200
Carried forward		4,410	4,200