| or the year en | ded 31Marc | h 2023 | ||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Total Funds | Total Funds | |||
| (Unrestricted) | (Umestricted) | |||
| Income from | ||||
| Donations and legacies (note 6) |
1,500.00 | |||
| Investment income (note 7) |
65635.58 | 47,938,28 | ||
| Total income | 65 635,58 | 49438.28 | ||
| Resources expended | ||||
| Charitable activities (note 8) |
(64i500,82) | (55,339.99) | ||
| Total resources expended | 64500.82 | 55 339,99 | ||
| Net (losses)gains | on investments | (note 2) | 168399.49 | 75 524,07 |
| Net income and net movement | in funds | (1671264.73) | 69,622,36 | |
| Transfers between |
funds | |||
| Net movement in |
funds | (167,264,73) | 69,622,36 | |
| Reconciliation of | funds | |||
| Total unresnicted | funds brought | forward | 1,602,103.68 | 1,532,481.32 |
| Total unrestricted | funds carried forward | 1434838.95 | I 602 103.68 |
| 2. Fixed a | sset investments | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Fair value | as at 1 April 2022 | 1}547&710.88 | 1,473,098,42 | |
| Additions | in year | 805,893,30 | ||
| Disposals | in year | (806,804.91) | ||
| Revaluation (losses)/gains |
(168,399.49) | 75,524.07 | ||
| Fair value | as at31March 2023 | 1379311.39 | 1547710.88 | |
| Cost as at | 31March 2023 | 1326635.44 | 1,326635.44 | |
| 3. Trustees | ||||
| The Trustees received no remunetation | or expenses during | the year (2022 - Nil). |
| 2023 | 2022 | |||
|---|---|---|---|---|
| g | ||||
| Killik —Client | current account | 2&339.63 | 275,72 | |
| The Co-operative | Bank pic | 55&337,93 | 56,117.08 | |
| 57 677.56 | 56392,80 | |||
| 5. Creditors | ||||
| 2023 | 2022 | |||
| Accruals | 2150.00 | 2000,00 | ||
| 6. Donations | and | legacies | ||
| 2023 | 2022 | |||
| Incentive trom | RBSplo | 1,500.00 | ||
| 1 500.00 |
| 7. Investment | income | income | |||||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||
| Bank interest | 0.72 | ||||||
| Dividends -received | in Killik client current | account | 65,635.58 | 47937.56 | |||
| 65635.58 | 47 938,28 | ||||||
| 8. Total Chaidtable | Activities Expended | ||||||
| Direct costs | Suppoi& | 2023 | 2022 | ||||
| costs — | Total | Total | |||||
| note 9 | |||||||
| g | 8 | ||||||
| Block grant to | Aflica | Educational | Trust- | ||||
| see below | 60&655.50 | 3,845.32 | 64,500.82 | 55,339,99 | |||
| Charitable activities |
60655.50 | 3845.32 | 64500.82 | 55 339,99 |
| . Support | costs | ||
|---|---|---|---|
| 2023 | 2022 | ||
| g | |||
| Accounts noy Independent exanunation |
1&100.00 1550.00 |
1&000.00 1480.00 |
|
| Governance | costs | 2,650,00 | 2,480.00 |
| Bank charges | 2,10 | ||
| Investment | custody charges | 119532 | 1080,89 |
| 3 845.32 | 3,562,99 |
| 0.Reconciliati | on ofunrestricte |
d funds |
|||
|---|---|---|---|---|---|
| Balance at | |||||
| Balance at | (Lossestgains | 31March | |||
| 1April 2022 | Income | Expenditure | on | 2023 | |
| Investments | |||||
| General fund | 1,0SS,287,99 | 65,635,58 | (64,500,82) | 1,056,422,75 | |
| Revaluation | |||||
| reserve | S46,815,69 | (168,399,49) | 378,416.20 | ||
| 1602 103.68 | 65635.58 | 64 500,82 | 168399.49 | 1434838.95 |