2022-07-31-accounts

**Notes **	**Notes **	**Unrestricted **	Restricted	Permanent	Total	2021
		Income	**Capital **	Endowment	Funds
		Fund	Fund	(Property)
Incoming Resources
From General Fund
I nvestment I ncome		242,389		−	242,389	235,599
Donations received		3,600	OM		3,600	1,100
Total Incoming Resources		245,989			245,989	236,699
Resources Expended
Charitable Activities
Grants Approved	2	234,804			234,804	189,132
Expenditure on Additional Facilities	3
Maintenance −Buildings		959			959	893
Cost of Grant Making		235,763		−	235,763	190,025
Governance Costs	4	16,303		271,384	287,687	292,161
Total Resources Expended		252,066		271,384	523,450	482,186
Net Incoming/(Outgoing)
Resources −Before Other
Recognised Gains and Losses		(6,077)		(271,384)	(277,461)	(245,487)
Net Gains/(losses) on Investments		−	(98,296)	−	(98,296)	1,258,959
Net (Outgoing)/Incoming
Resources −Before Transfers		(6,077)	(98,296)	(271,384)	(375,757)	1,013,472
Transfer of Income Capitalised	5	(12,500)	12,500
Net Movement in Funds		(18,577)	(85,796)	(271,384)	(375,757)	1,013,472
Reconciliation of Funds
Total Funds at 1st August 2021		90,133	8,739,510	9,673,497	18,503,140	17,489,668
Total Funds at 31et July 2022		71,556	8,653,714	9,402,113	18,127,383	18,503,140

	Notes	2022	2021
FIXED ASSETS
Freehold Property	6	9,402,113	9,673,497
Investments	7	8,653,714	8,739,510
		18,055,827	18,413,007
CURRENT ASSETS
Cash on Deposit −COIF Account		97,552	116,666
−Barclays Account		9,264	7,365
		106,816	124,031
CURRENT LIABILITIES
Grants Payable		32,260	30,898
Other Creditors		3,000	3,000
		35,260	33,898
NET CURRENT ASSETS		71,556	90,133
NET ASSETS		£18,127,383	£18,503,140
FUNDS
Restricted Capital Fund	8	8,653,714	8,739,510
Permanent Endowment		9,402,113	9,673,497
Unrestricted Income Fund		71,556	90,133
		£18,127,383	£18,503,140

GRANTS APPROVED
	2022	2021
Under Clause 29(1) of the Scheme:
College	13,350	22,975
Under Clause 29(2) of the Scheme:
College Students	60,146	83,537
School Pupils	119,308	82,620
Other Individuals
Grant to College−	42,000
	234,804	189,132

3.	EXPENDITURE ON ADDITIONAL FACILITIES
		2022	2021
	There was no additional facilities expenditure in the year
4.	GOVERNANCE COSTS
		2022	2021
	Deputy Clerk & Secretarial Service Fee	13,200	15,300
	Other Office Expenses	35	35
	Audit Fees	2,760	3,138
	Fees paid to Auditors for non−audit Services
	Valuation of assets fees
	Insurances	308	308
	Legal expenses		1,997
		16,303	16,477
	Depreciation	271,384	271,383
		287,687	287,860

5.	TRANSFERS OF INCOME CAPITALISED
	Repayment — Dance Studio	12,500
6.	LAND AND BUILDINGS	Total
	At Valuation as at July 2015	13,268,000
	Depreciation accrued to 3151July 2021	3,594,503
	Net Book Value as at 31st July 2021	9,673,497
	Depreciation for year to 3181July 2022	(271,384)
	Net Book Value as at 314 July 2022	£ 9,402,113

		Market	Transactions	Gains/(Losses)	Market
		Value	Year to	in the Year	Value
		1/8/21	31R/21	31/7/22	31R/22
		£	£	£	£
	Income Units	6,625,238		(75,785)	6,749,453
	Global Equity Units	1,664,336	12,500	(62,160)	1,614,676
	Property Units	249,935		39,650	289,585
		8,739,509	12,500	(98,295)	8,653,714
8.	FUNDS	Restricted	Permanent	Unrestricted
		−Capital	Endowment	Fund	Total
		£	£	£	£
	Balance 1st August 2020	7,480,551	9,944,880	64,237	17,489,668
	Year ended 318,July 2021
	Net movement in
	funds	1,258,959	(271,383)	25,896	1,013,472
	Balance at 318,July 2021	8,739,510	9,673,497	90,133	18,503,140
	Year ended 318,July 2022
	Net Movement in Funds	(85,796)	(271,384)	(18,577)	(375,757)
		8,653,714	9,402,113	71,556	18,127,383