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||Endowment|Restricted Unrestricted Total|Restricted Unrestricted Total|Restricted Unrestricted Total|Total|
|---|---|---|---|---|---|
||Funds|Funds Funds||2023|2022|
|INCOMING RESOURCES||||||
|Donations, Legacies and Similar||||||
|Resources:||||||
|Legacies|||||245,710|
|Donations|||||100|
|Investment income:||||||
|Dividends||40,135|9,509|49,644|36,447|
|Interest on bank deposits|||108|108|2|
|Total Incoming Resources|£-|£40,135|£9,617|£49,752 £282,259||
|RESOURCES EXPENDED||||||
|Direct charitable expenditure:||||||
|Grants CNote 2)||71,580|7,813|79,393|15,837|
|Other expenditure:|26,106|||26,106|4,610|
|Management and administration||||||
|(Note 3)||L624_|1,624|_3^48|JJ23|
|Total Resources Expended|£26,106|£73,204|£9,437|£108,747|£23,570|
|NET INCOME/(EXPENDITURE)||||||
|BEFORE INVESTMENT GAINS/||||||
|FLOSSES) £(26,106) £(33,069) £180|||£(58,995) £258,689|||
|NET GAINS/fLOSSES)||||||
|ONINVESTMENT ASSETS|£(118,271)|||£(118,271) £77,546||
|NET INCOME/EXPENDITURE||||||
|ANDNETLMOVEMENT IN||||||
|FUNDS FOR THE YEAR|£(144J77) £(-33.069)||£180 £f 177.266)||£336.235|
|Fund balances brought forward|£2,433,866|£40,546|£9,506 £2,483,918 £2,147,683|||
|FUND BALANCES CARRIED||||||
|FORWARD £2,289,489 £7,477||£9,686 £2,306,652 £2,483,918||||
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||||
|---|---|---|
||2023|2022|
|FIXED ASSETS|||
|Investments (Note 4)|£2,293,092|£2,465,151|
|CURRENT ASSETS|||
|Lloyds Bank Pic - Business Call Account|69,969|19,661|
|Current Account|658|-L685|
||70,627|27,346|
|CREDITORS:|||
|amounts due within one year (Note 5a)|35,984|8,579|
|NET CURRENT ASSETS|£34,643|£18,767|
|CREDITORS|||
|Amount due after one year (Note 5b)|£21,083|£0|
|NET ASSETS|£2,306,652|£2,483,918|
|CAPITAL FUNDS|||
|Endowment Funds (Note 10)|2,289,489|2,433,866|
|INCOME FUNDS|||
|Restricted Funds (Note 11)|7,477|40,546|
|Unrestricted Fund|9,686|9,506|
||£2,306,652|£2,483,918|
|/
Approved by the Board of Trustees on 4^ ^5'^>lAe:/2ca^-|||
|and signed on its behalf by:|||
|Mr M Field (Chairman)|||
||c /||
|Mr M Purser CVice-Chairman) ........t4.^|||
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|2023
2022|
|---|
|CASH FLOWS FROM OPERATING ACTIVITIES:|
|Net cash (used in) operating activities (Note 1)
£(6,471)
£(37,439)|
|CASH FLOWS FROM INVESTING ACTIVITES:|
|Income from listed investments
49,644
36,447|
|Interest Received
108
2|
|CASH PROVIDED BY INVESTING ACTUATES
£49,752
£36,449|
|DECREASE IN CASH AND|
|CASH EQUIVALENTS IN THE YEAR
£43,281
£(990)|
|CASH AND CASH EQUIVALENTS AT THE|
|BEGINNING OFTHE YEAR
£27,346
£28,336|
|CASH AND CASH EQUIVALENTS ATTHE|
|END OF THE YEAR
£70,627
£27,346|
|Note 1 - Reconciliation of net expenditure to net cash flow from operating activities|
|Net income/(outgoings) for the reporting period (177,266) 3 3 6,45 5|
|Adjustments for:|
|Investment assets acquired from legacy - (1,120,000)|
|(Gains)/losses on investments 118,271 (77,546)
Dividends and interest from investinents (49,752) (36,449)|
|(Decrease)/increase in creditors 48,488 120|
|(Increase)/decrease in debtors - 860,000|
|Expenses paid from investments 2 3|
|Income reinvested - (22)
Released from invesbnents 53,786|
|£(6,471)
£(37,439)|
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|2|Grants Payable||||||
|---|---|---|---|---|---|---|
|||Number 2023 Value||Number|2022 Value||
||Payable to institutions 2
Paid to individuals 9||4,363
26,698|28||1,423
14,412|
||Payable to individuals (future commitments) 5||48.332|||0|
||The following material grants were made to||||||
||institutions:-||||||
||Neale-Wade Academy|||||1,200|
||20 Twenty Productions||4,140||||
||Other unanalyzed grants||223|||223|
||Total grants payable to institutions||||||
|3|Management and Administration Costs||||||
||||2023|||2022|
||Accountants' Fees||2,946|||2,820|
||Investment managers' fees||2|||3|
||Clerk's Salary and expenses||300|||300|
|4 Fixed Asset Investments||Listed|investments|Investment||Cash|
|||||Property|||
||Fair Value at 31 March 2022||1,338,266|1,126,799||86|
||Add: additions during the period||545,397||||
||Less: disposals at carrying value||(36,353)|(564,183)|||
||Add: transfer in in the period||80|||(80)|
||Management fees|||||(2)|
||Net gain on revaluation at 31 March 2023||fl 14,302)||||
||Fair Value as at 31 March 2023||£1,733,088|£560,000||4|
||Historical Costs as at 31 March 2023||£1,415,837|||4|
||Analysis of investments|Fair|value at v/e||||
|||less impairment Deemed Cost||||Cost|
||Cash or cash equivalents|||||4|
||Investanent Property|||560,000|||
||Listed investments||1.733.088||||
||Grand Total||£1,733,088|£560,000||£4|
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|5a Creditors|2023|2022|
|---|---|---|
|Amounts due within one year:|||
|Accrual|£1,716|£1,560|
|Tax liability in relation to investment property|||
|Transferred to the charity|£7,019|£7,019|
|Scholarship Awards|£27.249||
||£35,984|£8,579|
|5b Amount due after one year|||
|Scholarship Awards|£21,083|£0|
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|ndowment Funds||||
|---|---|---|---|
||At|Outgoing
Gains|At|
||1.4.2022|Resources
and losses|31.3.2023|
|MEF Endowment Fund|333,674|(12,721)|320,953|
|G & P Brewm Scholarship Fund|2.100,412|f26J06) (-105,550)|1,968,536|
||2,434,086|(26,106) (118,271)|2,289,489|
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|At Incoming Outgoing
At|
|---|
|1.4.2022 Resources Resource
Tfr 31.3.2023|
|March Silver Jubilee Scholarship Fund 377
120
497|
|G & P Brewin Scholarship Fund - Income 40,169
G & P Brewin Scholarship Fund - Capital 0
40,015 73,204 (6,980) 0
0 0 6,980 6,980|
|£40,546 £40,135 £73,204
0
£7,477|
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