2022-08-31-accounts - The Old Aluredian Benefit Fund

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Trustees'	annual report
Independent examiner's report to the trustees
Statement	offinancial	activities
Statement	offinancial	position
Notes to	the financial	statements

						2022	2022	2021
						Unrestricted
						funds	Total funds	Total funds
					Note		8	E
Income and	endowments
Donations and legacies					4	17,000	17,000	5,000
Investment	income				5	9,559	9,559	8,840
Total income						26,559	26,559	13,840
Expenditure
Expenditure	on raising funds:
Investment management			costs		6	2,910	2,910	2,103
Expenditure	on charitable	activities			7,8	11,680	11,680	11,636
Total expenditure						14,590	14,590	13,739
Net (losses)/gains on investments					10	(11,217)	(11,217)	40,485
Net income	and net movement			in funds		752	752	40,586
Reconciliation of funds
Total funds	brought forward					271,380	271,380	230,794
Total funds	carried forward					272,132	272,132	271,380

7.	Expenditure	o	n	ch	aritable	activi	ties	by fund type
								Unrestricted	Total	Funds	Unrestricted	Total Funds
								Funds		2022	Funds		2021
								F		E	E		E
	Bursarles Support costs							10,500 1,180		10,500 1,180	10,500 1,136	10,500 1,136
								11,680		11,680	11,636	11,636
8.	Expenditure	on		charitable		activities		by activity type
								Activities
								undertaken	Support		Total funds	Total fund
								directly		costs	2022		2021
								E		E	E		E
	Bursaries Governance	costs						10,500		1,180	10,500 1,180	10,500 1,136
								10,500		1,180	11,680	11,636
9.	Analysis of	support costs
								Accountancy		Bank
								fees	charges		Total 2022	Total 2021
								F		E	E		E
	Governance	costs						1,086		94	1,180		1,136
10.	Net (losses)/gains				on investments
								Unrestricted	Total Funds		Unrestricted	Total	Funds
								Funds		2022	Funds		2021
								E		E	E		E
	Gains/(losses)		on listed investments					(11,249)		(11,249)	40,485	40,485
	Gains/(losses) investments		on disposal			of listed		32		32
								(11,217)		(11,217)	40,485		40,485
11.	Independent		examination			fees
											2022		2021
											E		F
	Fees payable Independent		to the independent examination of the				examiner for: financial statements				1,086		1,050

Investments Year	ended 31 August 2022
		Listed
		Investments
Cost or valuation
At 1 September 2021		250,552
Additions		12,810
Dlsposals		(695)
Fair value movements		(11,249)
At 31August 2022		251,418
Impairment
At 1 September 2021 and 31August 2022
Carrying amount
At 31August 2022		251,418
At 31 August 2021		250,552
All inveslments shown above are held at valuation.
Financial assets held at fair value
Investments are valued at their active market value at the end of the day.
The historic cost of the investments	is2232,338(2021:6220,102).

The investments are held in the following types:
	2022	2021
	E	f
UK Equities and Funds Overseas Equities and Funds Bonds and Fixed Income	105,903 75,412 44,053	101,781 76,361 51,851
Other Assets	26,050	20,559
	251,418	250,552

As at 31 August material:	2022 the following Investments in Overseas Equ	ities and Funds are c	onsidered
		2022	2021
BNY Mellon FD JP Morgan AM Scot American GAM UK Equity	MNGR Global Income INST W GBP Dl UK Ltd GBL Equity Inc HGD INV ORD GBP0.25 Income (Class 2) Income	9.0% 5.9% 7.8% 6.2%	8.3% 6.2% 8.3% 4.4%

	As at 31 August 2022	the follow	ing investments in Other Assets	are considered material	:
				2022	2021
	Ninety One UK Equity	Income	I 2 Inc GBP	6.2%	4.5%
15.	Debtors
				2022	2021
				6	F
	Trade debtors			549	664
16.	Creditors: amounts	falling due within one year
				2022 6	2021 f
	Accruals and deferred	income		1,080	1,050