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|Legal and Administrative lnformation|I|
|Directors' Report|2-4|
|lndependent Auditors' Report|5-7|
|StatementofFinancial Activities|I|
|Balance Sheet|I|
|Notes totheFinancial Statements|10-14|
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07 July 2023
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|||2022||2021|
|---|---|---|---|---|
||Note|Unrestricted|Unrestricted||
|||Funds||Funds|
|||€||Ê|
|lncomingResources|||||
|lncoming resourcesfromgenerating funds:
lnvestment income|2|116 099||106,540|
|Total lncomingResources||r16,099||106,540|
|ResourcesExpended
Costs of charitable activites|3|(116,5S8)||(12e,93e)|
|Total Expenditure||(116,588)||(129,939)|
|Net(outgoing)/incomingresourcesfor the year before
otherrecognisedlosses||(48e)||(23,3ee)|
|Net (losses)/gainsoninvestments|5|(542,715\||306,425|
|Netexpenditure/income for theyear||(543,204)||283,026|
|Reconciliationoffunds|||||
|Balance broughtforward at1January 2022||4,522,779||4,239,753|
|Balancecarriedforwardat3lDecember 2022||3,979,575||4,522,779|
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||Note|||2022
t||2021
€|
|---|---|---|---|---|---|---|
|FixedAssets|||||||
|lnvestments|5|||3,924,31s||4,467,034|
|CurrentAssets|||||||
|Cash at bank and inhand||60,956|||60,485||
|Greditors:amounts fallingdue
withinoneyear|6|(|5.700)||(4,740)||
|NetGurrentAssets||||55,256||55,745|
|NetAssets||||3,979,575||4,522,779|
|Funds|||||||
|Unrestricted Funds||||3,979,575||4,522,779|
|TotalGharityFunds||||3,979,575||4,522,779|
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||Noestimatesorjudgementshave been made by managemen|t in preparing thesefinancialsta|tements.|
|---|---|---|---|
|2|lnvestmentlncome|2022
Ê€|2021|
||lncome received from:|||
||CharitiesGrowth & lncomeFund ClassA|116,099|75,556|
||Charities UK EquityFund
Charities UK BondFund||22,893
4,318|
||GloballncomeFund||3,773|
|||116,099|106,540|
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|3|Costsof charitableactivities|2022|2021|
|---|---|---|---|
|||€|€|
||All grants consist of oneindividual grant for thefullamount to|||
||thefollowinglnstitutions:|||
||Launchpad(financialeducation,money management)
CaritasAnchorHouse(financial education, housing)|24,000
20,000|20,000|
||Youth Concern(financialeducation,money management, housing)|25,000|22,000|
||MyBnk (financial education,money management)
Shelter(financialeducation,housing)|20,000|25,000|
||Treloar (financial education,money management)||45,000|
||Caring in Bristol(Financial education, housing))|8,000||
||Totalgrantspayable|97,000|112,000|
||Support costs:|||
||Administrationfee-TheBuildingSocieties Association|r3,183|11,855|
||Bank charges
Governance costs-Auditor'sremuneration|73
5,700|5,473|
||lnsurance|619|598|
||Companies Housefee|13|13|
||Totalcharitableexpenditure|116,588|129,939|
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|Cost of charitable activitiesoff116,588 (2021:[129,939)we
Taxation
Thecompany has charitable statusand accordinglyisnot
income.|re attributabletounrestricted f
accountablefortaxationinre|unds.
spectofits|
|---|---|---|
|Listed lnvestments|2022|2021|
||€|€|
|Blackrock Charities Growth& lncomeFund*|3,924,319|4,467,034|
||3,924,319|4,467,034|
|Costor valuation|||
|At1January2O22
Additions|4,467,034|4,160,609
4,146,378|
|Disposals
Appn/(Depn)|(542,71s)|(4,146,378)
306.425|
|At31December 2022|3,924,319|4,467,034|
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|2022
€|2021r|
|---|---|
|5,700|4,740|
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|SummaryofFund|s|||||
|---|---|---|---|---|---|
||||||Balance at|
||Balance at1
January 2022|lncome|Expenditure|(losses)/Gains
on investments|31
December
2022|
||€|r|Ê|f|Ê|
|Current Year
Unrestrictedfunds|4,522,779|
116,099|
(@
!-||3,979,575|
||||||Balance at|
||BalanceatI
January2021|lncome|Expenditure|Gains/(losses)
on investments|3l
December|
||||||2021|
||t|Ê|€|€|€|
|PriorYear
Unrestrictedfunds|4,239,753|106,540|(129,939)306,425
-||4,522,779|
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|AnalysisofNetAs|setsBetweenFund|s||
|---|---|---|---|
||Unrestricted|Total|Total|
||funds|funds|funds|
||2022t|2022
Ê|2021
f|
|lnvestments|3,924,319|3,924,319|4,467,034|
|Other debtors||||
|Cash at bank and|60,956|60,956|60,485|
|inhand||||
|Creditors|(5,700)|(5,700)|(4,740)|
||3,979,575|3,979,575|4,522,779|