2023-03-31-accounts

CONTENTS		Page
Reference and administrative information
Report ofthe Trustees		2 —5
Report ofthe Independent	Auditors	6 —8
Statement ofFinancial Activities
Balance Sheet		10
Statement ofCash Flows
Notes forming part ofthe	Financial Statements	12-2]

			gg 4' P	O IW '+! DCCO DC»	O IW '+! DCCO DC»					l	OO VI O„C4 O Cg W' CI	OO VI O„C4 O Cg W' CI		00 O O	C Ca O	O 00 Cgl W'		ChO Q 04		0 C4 O C	O 4 Di Ca Vl	O 4 Di Ca Vl	Vl 00 44	Vl 00 44	I
			o	w Wi»4 Do						Vi D			40		Co	00 00 io	Ol	Cg 00		C							Ch 00	ol
												I	40 VI	O Vl	Oi Cl 4	Io	l 00			44 Cg			I 44 Ch				Di CW	CC 00
				o L	~» 44 D					I		I
					I
				4 'D	W IW D					I		I
				D	fa,
					0
				00 D	Cg ~																							44		'D
				D D	gg,																									O
				CD																								CC		C4
				r 4l g o	gg~ WD fa													lo		ID D 00									ID Ol CI	Cg io I
				D																									Ol
				W 'i	D fa					VI Ch Vi 'D		W'	DiO		CD			'ID Cg Ol						O C4 'ID	O 'io Vl					'io 00 Vi ICI
0 0	m5~ cu +o			'I glID						o O O 00	I	ca D W' C4 igi	0		l C4	00 '0								'D O D Igl C4	O vi		C4		CI C
	g ~+O
																		'Cl
																		W
4 0 0	00' A ( gg, W 04							Q	D	gl E D D		m D		00o	I			.5I 00 gi 4l\ 'D D	W ~							'I	Wo	IR	04 C4O	~I
5 P Z	y z~ gP Vl faf					Io	m 8 g						E » f	DD I-O P Df1	D 0 D Ig D jkm gU U		I 40 m' f»	»o Ia	I gl D .m il Z			'0 8 fal 0 Z		D. ." 0 Z			Z	II	W Cf Ia CD	4i gl W lgf

BALANCE	SH	E	ETAS	AT	31MARCH 2023
								(As restated)
							2023	2022
						Notes	8
Fixed assets
Tangible assets						2	4,103,628	4,103,628
Investments						10	9,076,354	9945005
							13,179,902	14,040713
Current assets
Debtors						12	6,525	6,525
Cash at bank and		in	hand				407,829	824,524
							414,354	831,049
Creditors: amouats			falling	due	within one year	13	(48,102)	(35,659)
Net current	assets						366,252	795,390
Net assets							13,546,234	14,844,103
Funds:
Endowment	fund
Capital	funds						8,720,227	9,574,570
Revaulation		reserve					456 500	456,500
						15	9,176,727	10,031,070
Restricted fund
Capital	funds						179,430	500,610
Revaulation		reserve					1075 156	1,075,156
						15	1254 506	1575 766
Income Funds
Unrestricted	fund -		Endowment		fund	15	611,295	733,641
Designated	funds: -		Windfall	Grant fund		15
		-Astro Turf Cnant fund				15
		-Buildings		fund		15	2,503,626	2,503,626
							3 114921	3,237,267
Total funds						15	13,546,234	14,844,103

					Total funds	Total funds
				Notes	2023f	2022f
Net cash	used in operating	activities		16	~845,067	~402596
Cash flows from iavesting		activities
Portfolio	income				367,115	341,254
Proceeds	from sale ofinvestments				2,425,021	2,114,298
Property	income				14,593	12,967
Purchase	ofinvestments				(2,380,248)	(2,098,973)
Sale Proceeds from Bugbrooke			Barns			320,000
Net cash	provided by investing		activities		426,401	689546
(Decrease) / Increase in cash			aad cash equivalents	in the year	(418,586)	287,150
Cash and	cash equivalents	atthe beginning of		17	943,921	656,771
the year
Total cash and cash equivalents at the ead				17	525/35	943,921
ofthe year

2.	INTEREST IN PROPERTY	INTEREST IN PROPERTY
					Cost/	Cost/
				Note	Valuation	Valuation	lacome
					As at 31	As at31
					March 2023	March 2022	2023	2022
						8
	SCHOOL SITE,BILLING ROAD,
	NORTHAMPTON			(a)	I	1
	THE CRIPPS HALL			(b)	1	I
	LAND AT BILLING ROAD			(c)	1,064,468	1,064,468
	SPORTS HALL			(d)	1,439,158	1,439,158
	AGRICULTURAL LAND
	6 acres at Sywell	Road, Holcot		(e)	100,000	100,000
	RECREATION GROUND - O.N.A.
	15.57 acres			(e)	375,000	375,000	8,000	6,000
	BUGBROOKE ESTATE
	Ground rents and	wayleaves,	notional
	value, say			(e)	250	250	6$	67
	BUGBROOKEESTATE
	Agricultural land acres	and buildings, 67.944		()	1.124,750	1,124,750	6525 14,593	6900 12,967
	Less: Outgoings	(Note 5)					(4,936)	(4,$$3)
					4,103,628	4,103,628	9,657	8,084
	SUMMARY:
	Land at Billing Road Sports Hall				1,064,468 1439158	1,064,468 1439158
	Building Fund				2,503,626	2,503,626
	Endowment Fund				475,002	475,002
	Restricted Fund				1 125.000	1,125,000
					4,103,628	4,103,62$

	estimated current value to the	charity isfl.The building is	held for charitable activities an	d held at cost.
			2023	2022
(c)	LAND AT BILLING ROAD
	Cost at I April 2022 and 31March 2023		11164468	1664468
	The land is held for charitable	activities.
(d)	SPORTS HALL
	Value at I April 2022		1,439,158	1,439,158
	Additions
	Value at31March 2023		I 439,138	1,439,158

				2023	2022f
3.	OTHER TRADING ACTIVITIES
	Property orcome
	Rental income: unrestricted			8,000	6,000
	Rental income: restricted			6,593	6,967
	Orfrer income
	Proceeds Bum Disposal	ofBugbrooke	gams		320,000
				14,593	332,967
	Insesimeniieconre
	Portfolio income (see note 4)			367,115	341,254
4.	INVESTMENT INCOME			2023	2022f
	Portfolio income
	UK fixed interest securities			48,600	43,694
	Non UKfixed interest securities			51~9	45,887
	UKequldes - income			166,955	144,807
	Non UK equities - income			100,321	106,866
				367,115	341,254
	Restricted			4,616	4,226
	Unrestricted			362,499	337,028
				367.115	341,254
5.	EXPENDITURE ON	RAISING FUNDS		2023 f	2022f
	Rent collection and associated		:endowment		2,400
	property costs
			;restricted	4,936	4,883
	Investment management	fees	:endowment	44,650	52,034
			:restricted	751	791
				50,337	60,108

				2023	2022
				f
	Special Donations - "September 2004 Structure"			315,000	300,000
	OTHER DONATIONS/EXPENSES
	School grant			137,685
	Travel costs			32	47
				452,717	300,047
7.	CHARITABLE ACTIVITIES - RESTRICTED			2023	2022
				8
	Nortbampton Freemans	Trust		100	100
	Blue Coat Educational	Charity		2,153	2,070
	School grant			305,515
				307,768	2,170
8.	CHARITABLE ACTIVITIES - GOVERNANCE COSTS			2023	2022
					g
	Clerk's fees - unrestricted			24,679	7,016
	-endowment				7,016
	Audit fees - unrestricted			12,120	11,095
	Legal and other proibssiorml		fees - unrestricted	9,889	9,193
			-endowment		14,485
				46,688	48,805

INVESTMENTS
	Restricted	Sad owmeat
	Funds	Fuadsf	Total	2022 f
Market value at 1 April 2022	152,845	9,672,843	9,825,688	9,410,739
Acquisitions	42,640	2,337,608	2,38024$	2,098,973
Disposal proceeds	(39,832)	(2,385,189)	(2,425,021)	(2,114498)
Net investment gains	(12374)	(809,693)	($22,067)	430,274
Market value at31March 2023	143,279	8,815,569	8,958,848	9,825,688
Uninvested cash	1,299	116,207	117,506	119,397
	144,578	8,931,776	9,076354	9,945,085
Investments at market value comprise:
UK Equities			2,657,060	3,235,542
Noo UK Equities			4,196,022	4,328,870
UK Fixed Interest Securities			945,650	1,146,472
Non UK Fixed Interest Securities			1,160,116	1,114,804
Uninvested cash			117,506	119,397
			9,076,354	9,945,085

12.	DEBTORS,	PREP	AYIVIENTS	AND ACCRUED INCOME
					2023	2022
						6
	Other debtors				6,525	6,525
					6,525	6,525
13.	CREDITORS AND ACCRUED CHARGES
					2023 8	2022f
	Costs ofgenerating		funds		12,781	16,100
	Management	and administration		expenses	28,773	15364
	Grants payable: restricted				6,548	4395
					48,102	35,659

THE YEAR ENDED 31MA	THE YEAR ENDED 31MA	RCH	2023
BUILDING FUND				2023	2022
				f	8
Balance	at beginning ofyear			2,503,626	2,503,626
Transkrs	into the fund
Balance	at end ofyear			2,503,626	2,503,626
Relating	tx-
Acquisition ofland at Billing Road facilitated			by mortgage
of8150,000which became fully repaid		in year	1999/2000	1,064,468	1,064,468
Costs of	building the Sports HaU ofwhich 61,000,000wss
financed	by sloan 0om the endowment	fund		1,308,040	1,308,040
Sports hall pmperty improvements				131,118	131,118
				2,503,626	2,503,626

	at the trustees' discretion, as long as within the o	at the trustees' discretion, as long as within the o	bjects ofthe charity (page 3).	bjects ofthe charity (page 3).
16.	RECONCILIATION OF NET MOVEMENT		IN FUNDS TO NET CASH FLOW FROM
	OPERATING ACTIVITIES
			2023	2022
			f.	f
	Net movemeat in funds		(1897,869)	1,283,115
	Deduct dividend income	from investment	(367,115)	(341,254)
	Deduct property income	&om investment	(14,593)	(12,967)
	Add / (Deduct) gains on	investments	822,067	(430774)
	Add gains on revaluation			(589,750)
	Add proceeds on disposal	ofBugbrooke Barns		(320,000)
	Decrease in debtors			375
	Increase in creditors		12,443	8,359
	Net cash used ia operating activities		(845,067)	(402,396)
17.	ANALYSIS OF CASH	AND CASH EQUIVALENTS
			2023	2022
			8	8
	Cash at bank and in hand		407,829	824,524
	Unexpended investment	cash	1]7,506	119397
	Total cash and cash equivalents		525,335	943,921