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|||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|
|||||Total|Total|
||||Notes|2022|2021|
|INCOME||||||
|Investment<br>income||||109,622|133,701|
|Donations|||||600|
|TOTAL INCOME||||109,622|134,301|
|EXPENDITURE||||||
|Cost ofraising funds:||||||
|Investment<br>management|fees|||43,427|37,477|
|Charitable<br>activities:||||||
|Grants payable||||86,074|133,464|
|Governance<br>costs:||||||
|Management<br>and administration||||21,225|17,019|
|TOTAL EXPENDITURE||||150,726|187,960|
|NET (EXPENDITURE)/INCOME|||BEFORE|||
|(LOSSES)/GAINS ON VA%STMENTS||||(41,104)|(53,659)|
|Net (losses)/gains<br>on investment||assets||(489,799)|492,145|
|NET MOVEMENT IN FUNDS||||(530,903)|438,486|
|RECONCILIATION|OF FUNDS|||||
|Fund balances brought|fonvard|||6,066,636|5,628,150|
|Fund balances carried fonvard||||5,535,733|6,066,636|





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|Notes|Total Funds|Total Funds|
|---|---|---|
||2022|2021|
||K||
|FIXEDASSETS|||
|Investments|5,246,825|5,571,413|
|CURRENT ASSETS|||
|Debtors|3,122|1|
|Cash at bank|. 308,232|509,043|
|TOTAL CURRENT ASSETS|311,354|509,044|
|CREDITORS: AMOUNTS DUE|||
|WITHIN ONE YEAR|22,446|13,821|
|NET CURRENT ASSETS|288,908|495,223|
|TOTAL ASSETSLESS|||
|CURRENT LIABILITIES|5,535,733|6,066,636|
|NET ASSETS|5,535,733|6,066,636|
|FUNDS|||
|UNRESTRICTED INCOME FUNDS|||
|General fund|5,535,733|6,066,636|





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|INVESTMENT INCOME||||||
|---|---|---|---|---|---|
|||||2022|2021|
|Bank interest receivable||||3,773|20|
|Income receivable fiom UK. listed|investments|||9,116|27,387|
|Income receivable fiom UK unlisted||inveshnents||49,234|92,869|
|Income receivable from overseas|listed inveshnents|||34,049|1,392|
|Income receivable from overseas|unlisted||investment|13,451|12,033|
|||||109,622|133,701|
|GRANTS PAYABLK||||||
|||||2022|2021|
|Payable to individuals||||86,074|133,464|



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|MAN|AGEME|NT<br>AND ADMIMSTRATION|COSTS||
|---|---|---|---|---|
||||2022|2021|
|Audit|fees||3,150|2,304|
|Other|support|costs|18,075|14,715|
||||21,225|17,019|





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|||||||2022|2021|
|---|---|---|---|---|---|---|---|
||Market value|as|at|1 January||5,571,413|5,196,144|
||Additions|||||2,634,388|5,379,302|
||Disposal proceeds|||||(2,469,177)|(5,496,178)|
||Net investtnent||(losses)/gains|||(489,799)|492,145|
||Market value|as|at|31 December||5,246,825|5,571,413|
||Investments|are|represented||by;|||
||UI& listed inveshnents|||||278,731|221,707|
||UK unlisted|inveshnents||||2,549,875|2,554,319|
||Overseas<br>listed||investments|||1,821,297|1,993,855|
||Overseas unlisted|||investments||596,922|801,532|
|||||||5,246,825|5,517,413|
|6.|DEBTORS|||||||
|||||||2022|2021|
||Prepayment|||||2,812||
||Accrued income|||||310||
|||||||3,122||



|7.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||
|---|---|---|---|
|||2022|2021|
||Grants payable|4,984||
||Accnrals|17,462|13,821|
|||22,446|13,821|





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|Balance at|Balance at|||Gains/|Balance at|
|---|---|---|---|---|---|
|1 January 2022||Income|Expenditure|(Losses)|31 December 2022|
|Unrestricted|6,003,636|109,622|(150,726)|(489,799)|5,472,733|
|(General)||||||
|Designated|63,000||||63,000|
||6,066,636|109,622|(150,726)|(489,799)|5,535,733|



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