|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|6|
|Report ofthe Independent
Auditors|7|to|9|
|Statement ofFinancial Activities||10||
|Balance Sheet||||
|Cash Flow Statement||12||
|Notes to the Cash Flow Statement||13||
|Notes to the Financial Statements|14|to|20|
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|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Endowment|Total|Total|
|||||fund|fund|funds|funds|
||||Notes|E|F||E|
|INCOME AND ENDOWMENTS||FROM||||||
|Investment
income|||2|309,458||309,458|302,634|
|Other income||||852||852|1,182|
|Total||||310,310||310,310|303,816|
|EXPENDITURE ON||||||||
|Investment
management
costs|||3|127,450||127,450|152,730|
|Charitable
activities||||||||
|Charitable
activities||||445,541||445,541|810,288|
|Total||||572,991||572,991|963,018|
|Net gains/(losses)|on investments||||~462,566)|~462,566)|4,183,547|
|NET INCOME/(EXPENDITURE)
Transfers
between
funds|||13|(262,681)
818,862|(462,566)
~818,862)|(725,247)|3,524,345|
|Net movement
in|funds|||556,181|(1,281,428)|(725,247)|3,524,345|
|RECONCILIATION|OF FUNDS|||||||
|Total funds brought|forward|||(553,404)|18,455,635|17,902,231|14,377,886|
|TOTAL FUNDS CARRIED FORWARD||||2,777|17,174,207|17,176,984|17,902,231|
##
|BALANCE SHEET
31 DECEMBER 2022||||||
|---|---|---|---|---|---|
|||||2022|2021|
|||Unrestricted|Endowment|Total|Total|
|||fund|fund|funds|funds|
||Notes||F|E|f.|
|FIXEDASSETS||||||
|Investments||||||
|Investments|9||11,770,433|11,770,433|12,866,898|
|Investment
property|10||4,166,000|4,166,000|4,166,000|
||||15,936,433|15,936,433|17,032,898|
|CURRENT ASSETS||||||
|Debtors|11|18,723|1,152,028|1,170,751|13,584|
|Cash at bank||1,577|92,546|94,123|1,482,104|
|||20,300|1,244,574|1,264,874|1,495,688|
|CREDITORS||||||
|Amounts
falling due within one year|12|(17,523)|(6,800)|(24,323)|(626,355)|
|NET CURRENT ASSETS||2,777|1,237,774|1,240,551|869,333|
|TOTAL ASSETS LESSCURRENT||||||
|LIABILITIES||2,777|17,174,207|17,176,984|17,902,231|
|NET ASSETS||2,777|17,174,207|17,176,984|17,902,231|
|FUNDS|13|||||
|Unrestricted
funds||||2,777|(553,404)|
|Endowment
funds||||17,174,207|18,455,635|
|TOTAL FUNDS||||17,176,984|17,902,231|
|FOR THE YEAR|ENDED 3|1 DECEMBER 2022|||
|---|---|---|---|---|
||||2022|2021|
|||Notes|f|f|
|Cash flows from operating
activities
Cash generated
from operations|||~3,646,499)|~I74,435)|
|Net cash used
in|operating|activities|~3,646,499)|~I74,435)|
|Cash flows from|investing|activities|||
|Purchase
offixed|asset investments||(1,635,217)|(4,248,188)|
|Sale offixed asset investments|||1,922,183|4,986,261|
|Sale ofinvestment|property||1,970,890|1,470,870|
|Reclassification
ofcash equivalents||||(1,263,561)|
|Interest received|||662|190|
|Net cash provided|by investing
activities||2,258,518|945,572|
|Change
in cash|and cash|equivalents|||
|in the reporting|period||(1,387,981)|771,137|
|Cash and cash equivalents||at the|||
|beginning
ofthe|reporting|period|1,482,104|710,967|
|Cash and cash equivalents||at the end|||
|ofthe reporting|period||94,123|1,482,104|
##
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|RECONCILIATION
ACTIVITIES|OF|NET (EXPENDITURE|)/INCOME
TO NET CA|SH FLOW FROM|OPERATING|
|---|---|---|---|---|---|
|||||2022|2021|
|||||E|E|
|Net (expenditure)/income||for the reporting|period (as per the|||
|Statement of Financial||Activities)||(725,247)|3,524,345|
|Adjustments
for:||||||
|Gain on investments||||(1,161,392)|(4,183,547)|
|Interest received||||(662)|(190)|
|Increase
in debtors
(Decrease)/increase|in creditors|||(1,157,167)
~602,031)|(129)
485,086|
|Net cash used in operations||||~3,646,499)|~174,436)|
##
|ANALYSIS OF CHANGES
IN NET|FUNDS|||
|---|---|---|---|
||At 1/1/22|Cash flow|At 31/12/22|
||F|E|F|
|Net cash||||
|Cash at bank|1,482,104|~1,387,981)|94,123|
||1,482,104|~1,387,981)|94,123|
|Total|1,482,104|~1,387,981)|94,123|
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|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|Rents received||||||89,046|98,394|
|Investment
income||||||219,750|204,050|
|Interest received||||||662|190|
|||||||309,458|302,634|
|INVESTMENT MANAGEMENT|||COSTS|||||
|INVESTMENT MANAGEMENT|||COSTS|||||
|||||||2022|2021|
|||||||f||
|Investment
management||fees||||38,714|37,042|
|Professional fees||||||18,345|13,047|
|Property
repairs||||||70,391|102,641|
|||||||127,450|152,730|
|CHARITABLE ACTIVITIES COSTS||||||||
|||||Grant||||
|||||funding|of|||
|||||activities||Support||
|||||(see note||costs (see||
|||||5)||note 6)|Totals|
|||||||E||
|Charitable
activities||||428,461||17,080|445,541|
|GRANTS PAYABLE||||||||
|||||||2022|2021|
|Charitable
activities||||||428,461|793,318|
|The total grants|paid to|institutions||during the year was as follows:||||
|||||||2022|2021|
|||||||E|f|
|Burford Primary|School|||||40,920|11,929|
|Burford School||||||376,491|775,039|
|Burford Pre-school||||||7,800||
|||||||425,211|786,968|
##
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##
|There were no trustees'
31 December 2021.|expenses
paid for the year ended 31 December|expenses
paid for the year ended 31 December|expenses
paid for the year ended 31 December|2022 nor for th|e year ended|
|---|---|---|---|---|---|
|COMPARATIVES FOR|THE STATEMENT OF FINANCIAL ACTIVITIES|||||
||||Unrestricted|Endowment|Total|
||||fund|fund|funds|
||||f|f|f|
|INCOME AND ENDOWMENTS||FROM||||
|Investment
income|||302,634||302,634|
|Other income|||1,182||1,182|
|Total|||303,816||303,816|
|EXPENDITURE ON||||||
|Investment
management|costs||152,730||152,730|
|Charitable
activities||||||
|Charitable
activities|||810,288||810,288|
|Total|||963,018||963,018|
|Net gains on investments||||4,183,547|4,183,547|
|NET INCOME/(EXPENDITURE)|||(659,202)|4,183,547|3,524,345|
|RECONCILIATION
OF|FUNDS|||||
|Total funds brought
forward|||105,798|14,272,088|14,377,886|
|TOTAL FUNDS CARRIED FORWARD|||~553,404)|16,455,635|17,902,231|
##
|||Listed|
|---|---|---|
|||investments|
|||F|
|MARKET VALUE|||
|At 1 January 2022||12,866,898|
|Additions||1,635,217|
|Disposals
Revaluations||(1,922,183)
~809,499)|
|At 31 December 2022||11,770,433|
|NET BOOK VALUE|||
|At 31 December 2022||11,770,433|
|At 31 December 2021||12,866,898|
|There were no investment|assets outside the UK.||
|||Listed|
|---|---|---|
|||investments|
||Valuation
in 2022|11,770,433|
|10.|INVESTIVIENT PROPERTY||
||FAIR VALUE||
||At 1 January 2022||
||and 31 December 2022|4,166,000|
||NET BOOK VALUE||
||At 31 December 2022|4,166,000|
||At 31 December 2021|4,166,000|
##
##
|11.|DEBTORS:A|MOUNTS
F|ALLING DUE WITHIN ONE YEAR|||
|---|---|---|---|---|---|
|||||2022|2021|
||Trade debtors|||1,398|6,448|
||Other debtors|||1,152,028||
||Accrued income|||14,932|5,320|
||Prepaym ants|||2,393|1,816|
|||||1,170,751|13,584|
|12.|CREDITORS: AMOUNTS||FALLING DUE WITHIN ONE YEAR|||
|||||2022|2021|
|||||E|F|
||Trade creditors|||7,432|613,716|
||Other creditors|||16,891|12,639|
|||||24,323|626,355|
|13.|MOVEMENT|IN FUNDS||||
|MOVEMENT|IN FUNDS|||||
|---|---|---|---|---|---|
||||Net|Transfers||
||||movement|between|At|
|||At, 1/1/22|in funds|funds|31/12/22|
|||E|E|||
|Unrestricted|funds|||||
|General fund||(553,404)|(262,681)|818,862|2,777|
|Endowment|funds|||||
|Permanent|endowment|18,455,635|(462,566)|(818,862)|17,174,207|
|TOTAL FUNDS||17,902,231|~725,247)||17,176,984|
|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources|expended|losses|in funds|
|||F|F|||
|Unrestricted|funds|||||
|General
fund||310,310|(572,991)||(262,681)|
|Endowment|funds|||||
|Permanent|endowment|||(462,566)|(462,566)|
|TOTAL FUNDS||310,310|~572,991)|~462,566)|)725,247)|
##
##
|||||Net||
|---|---|---|---|---|---|
|||||movement|At|
||||At 1/1/21|in funds|31/12/21|
||||E|E|E|
|Unrestricted||funds||||
|General|fund||105,798|(659,202)|(553,404)|
|Endowment||funds||||
|Permanent||endowment|14,272,088|4,183,547|18,455,635|
|TOTAL|FUNDS||14,377,886|3,524,345|17,902,231|
|Comparative|net movement
in fun|ds, included
in the abo|ve are as follows|:||
|---|---|---|---|---|---|
|||Incoming|Resources|Gains and|Movement|
|||resources|expended|losses|in funds|
||||E|||
|Unrestricted|funds|||||
|General
fund||303,816|(963,018)||(659,202)|
|Endowment|funds|||||
|Permanent|endowment|||4,183,547|4,183,547|
|TOTAL FUNDS||3D3,816|~963,D18)|4,183,547|3,524,345|
##
||||||||||Trust for|Unapplied|Total|
|---|---|---|---|---|---|---|---|---|---|---|---|
|Endowment||funds|||||||Investment|Total Return|Endowment|
|At the beginning
ofthe accounting|||||period||||18,455,635||18,455,635|
|Movements||in the accounting||period||||||||
|Resolution||13December 2022|allocated|||permanent||||||
|endowment||transfer balance|||||||(4,549,414)|4,549,414||
|Investment
(losses)||return: realised and|unrealised|||gains and|||-|~462,566)~462,566)||
||||||||||(4,549,414)|4,086,848|(462,566)|
|Unapplied|total return allocated||to the||income||fund|in||||
|the reporting||period||||||||(818,862)||
|Unapplied|total return allocated||to endowment||||for|||||
|Indexation|in the reporting
period|||||||||||
|Net movement
in the reporting||||period|||||(4,549,414)|3,267,985|(462,566)|
|At the end||ofthe accounting|period|||||||||
|Permanent||endowment|||||||13,906,221||13,906,221|
|Unapplied|total return|||||||||3,267,985|3,267,985|
|Total|||||||||13,906,221|3,267,985|17,174,207|
##