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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||
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|||||||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|
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|4.|Donations|and leg|acies|||||||
|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Total Funds|Unrestricted|Total|Funds|
||||||Funds|2022|Funds||2021|
||||||6||F||6|
||Donations|||||||||
||Old&uredian&ub||——||———
16,000 -|——16,000-|——— -5,000|—
— - - 5,000||
||Legacies|||||||||
||Legacy||||1,000|1,000||||
||||||17,000|17,000|5,000||5,000|
|5.|Investment|Income||||||||
||||||Unrestricted|Total Funds|Unrestricted|Total|Funds|
||||||Funds|2022|Funds||2021|
|||||||f|f||f|
||Dividends||||6,946|6,946|6,200||6,200|
||Interest income||||2,613|2,613|2,640||2,640|
||||||9,559|9,559|8,840||8,840|
|6.|Investment|management||costs||||||
||||||Unrestricted|Total Funds|Unrestricted|Total|Funds|
||||||Funds
F|2022
6|Funds
f||2021
f|
||Porffolio management||||2,910|2,910|2,103||2,103|
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|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|
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|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).||
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|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|
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|Investments||
|---|---|
|Current assets||
|Creditors less than|1 year|
|Net assets||
|Investments||
|Current assets||
|Creditors less than|1 year|
|Net assets||
|Unrestricted|Total Funds|
|---|---|
|Funds|2022|
||E|
|251,418|251,418|
|21,794|21,794|
|(1,080)|(1,080)|
|272,132|272,132|
|Unrestricted|Total Funds|
|Funds|2021|
||E|
|250,552|250,552|
|21,878|21,878|
|(1,050)|(1,050)|
|271,380|271,380|
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