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|Report ofthe Trustee|||1-3|
|Independent
Examiner's||Report||
|Statement ofFinancial||Activities||
|Balance Sheet||||
|Cash Flow Statement||||
|Notes to the Financial|Statements||8-11|
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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|
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|||||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|
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|||||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|
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|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|
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||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|
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||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|||
|14.|Reconciliation
ofnet movement|in funds to net cash flow from operating|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}|