Notes to the Financial Statements
7 Trust Deed
The powers of the Trustees are set out in a conveyance dated 31st December 1945.
8 Reserves
| Balance at 1/11/2022 Movement (Depreciation) Deficit for year Balance at 31/10/2023 |
£ 186,224 0 (8,060) 178,164 Unrestricted Funds |
Restricted Funds £ 115,731 (7,068) 108,663 |
|---|---|---|
9 Investments
In December 2006 the Trustees agreed to invest a portion of the surplus funds in an investment fund run by Aegon (an investment firm regulated by the Financial Services Authority).
The Balance Sheet valuation is on a mark to market basis at the year end. The movement in the year is as follows:
| Value at the 1st November 2022 Gain/(Loss) for year on investments from change in value Value at the 31st October 2023 |
2023 £ 130,601 3,018 133,619 |
2022 £ 136,262 |
|---|---|---|
| -5,661 | ||
| 130,601 |
Gains or losses on value during the year are taken to the Statement of Financial Activities.
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