2023-03-31-accounts - The Kendrick Foundation

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		Unrestricted	Disbursement	Permanent	Total	Total
		Income	Fund	Endowment	Year Ended	Year Ended
	Notes				3132023	3132022
Income from:-
Bank and deposit interest	5	1,032			1,032	14
Dividend income	6	55,022			55,022	53,044
Disbursement Fund Transfer		(4,705)	4,705
Total incoming resources		51,349	4,705		56,054	53,058
Expenditure on:-
Cost ofcharitable activities	7	34,900			34,900	13,375
Administration Costs	8	408			408	468
Total resources expended		35,308			35,308	13,843
Other Recognised Gains and Losses
Gains/(losses) on investment	assets:-
Realised		9
Unrealised		9		(132,249)	(132,249)	284,434
Net Income / (Expenditure)		16,041	4,705	(132,249)	(111,503)	323,649'
Fund balances at 1 April		52,848		3,074,309	3,127,157	2,803,508
Fund Balances at 31March		6$,$$9	4,705	2,942,060	3,015,654	3,127,157

				BALANCE SHEETAS	BALANCE SHEETAS	AT 31MARCH 2023
					Notes	31March 2023	31March 2022
Fixed Assets
Investments						2,942,060	3,074,309
Current Assets						2,942,060	3,074,309
Cash held by Investment Cash at Lloyds bank			Manager			72,190 1,777	50,136 3,085
						73,967	53,221
Creditors: falling due		within one		year	10	(373)	(373)
Net Current	Assets					73,594	52,848
Total Assets	less Current		Liabilities			3,015,654	3,127,157
Represented	by:
Unrestricted income fund Disbursement Fund					11 11	68,889 4,705	52,848
Permanent endowment		fund			11	2,942,060	3,074,309
						3,015,654	3,127,157

CASH FLOW STATEMENT	CASH FLOW STATEMENT	FOR	YEAR ENDED 31MARCH	2023
		Note	31March 2023	31	March 2022
					f,
Cash generated for Operating Activities
Net cash (used in) Operating Activities		14	(35,308)		(15,427)
Cash flows from Investing Activities
Dividends, interest and rents from investments			56,054		53,058
Purchase ofproperty, plant &equipment
Net cash provided (used in) investing	activities		56,054		53,05$
Cash flows from Financing Activities
Repayments ofborrowing
Net cash provided (used in) financing	activities
Change on cash and cash equivalents	in the year		~20 746		3~7631
Cash at bank and in hand at start ofyear			53,221		15,590
Cash at bank and in hand at end ofyear			73,967		53,221

				Year to	Year to
				31March 2023	31March 2022
CCLA
Ethical Investment Property Fund		Fund		48,561 6,461	46,584 6,460
				55,022	53,044
Investment	Income	received for
	Unrestricted		Funds	55,022	53,044

Administration Costs
		Year to	31March 2023			Year to
		Income Fund	Endowment	Fund	Total	31.3.2022
Independent Examiner's remuneration Sundry expenses Data Protection Office Fee			360 13 35		360 13 35	420 13 35
			406		406	468
Administration costs y/e	31.3.2022		468		468	468

	Investments at Market Value
				Year to	Year to
			31	March 2023	31March 2022
					f'
	CCLA —COIF Ethical Investment	Fund		2,816,155	2,924,663
	CCLA —COIF Property Fund			125,905	149,646
				2,942,060	3,074,309
	At 31March 2023 the purchase cost		ofthe investments	held was as follows:
	Cost ofinvestments			1,849,191	1,849,191
	Market value ofinvestments at start		ofyear	3,074,309	2,789,875
	Realised gains / (losses)
	Unrealised gains / (losses)			(132,249)	284,434
	Market value ofinvestments at end	ofyear		2,942,060	3,074,309
	Asset Allocation ofInvestments held
	Overseas Equities			59.6	60.1
	UK Equities			7.9	8.4
	Property Infrastructure k Operating		Assets	7.2 7.0	9.5 7.5
	Contractual Sc Other Income			2.0	2.9
	Private Equity k Other			1.9	1.5
	Fixed interest			7.2
	Cash			7.2	10.1
				100.0	100.0
10.	Creditors: falling due within one		year
	Accrual s			373	373
				373	373

	Analysis ofFund Balances
					Permanent
			Income	Disbursement	Endowment	Total
			Fund	Fund	Fund	Funds
	Investments				2,942,060	2,942,060
	Cash held by Investment Manager		67,485	4,705		72,190
	Cash at Lloyds bank		1,777			1,777
	Creditors		(373)			(373)
			68,899	4.705	2,942,060	3,015,654
	The Permanent Endowment	Fund consists	ofthe following
	Recoupment fund
	Amount originally	invested in 2004				500,000
	Income and gains	in years 2004 —2022				1,164,082
	Unrealised investment gains / (losses) in year			2023		(45,657)
	Recoupment Fund at 31March 2023					1,618,425
	Balance ofEndowment Fund at 31March 2023					1,323,635
	Total Permanent Endowment Funds					2,942,060
12.	Post Balance Sheet Events
	There were no post balance	sheet events
13.	Related Party Transactions	and Ultimate	Controlling	Party

Reconciliation ofnet movement	in funds to net cash flow from operating	activities
	31.3.2023	31.3.2022
Net income /(expenditure ) as per the SOFA Adjustments for:-	(111,503)	323,649
Depreciation charges
Dividends, interest and rents from investments	(56,054)	(53,058)
(Gains) / Losses on investments	132,249	(284,434)
(increase) / decrease in debtors
Increase /(decrease) in creditors		(1,584)
Net cash (used in) operating activities	35308	~15427}