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|---|---|---|---|
|Trust information|||2-3|
|Trustee report|||4-7|
|Independent<br>examiner's||report||
|Statement offinancial||activities||
|Balance sheet|||10|
|Notes to the financial|statements||11-20|





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||||||2022|2022|2022|2022|2021|
|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted Endowment||Total|Total|
|||||Note|funds<br>f.|fund<br>f|funds<br>f|funds|fundsf|
|Income and endowments|||from:|||||||
|Voluntary<br>income||||2||20,000||20,000|20,000|
|Investntent<br>income||||3|28,274|||28,274|29.319|
|Total income|||||28,274|20,000||48,274|49,319|
|Expenditure<br>on:||||||||||
|Investment<br>management||costs||4|||7,214|7,214|6,268|
|Charitable<br>activities||||5|28,176|24,730|—|52,906|27,180|
|Tots I expenditure|||||28,176|24,730|7,214|60,120|33.448|
|Net income/(expenditure)||||||||||
|before investment|gains|and losses|||98|(4,730)|(7,214)|(11,846)|15.871|
|Net unrealised<br>and|realised||gains|||||||
|on investments||||6|||93,718|93,718|314,145|
|Net income and movement|||in funds||98|(4,730)|86,504|81,872|330,016|
|Total funds brought|foovard<br>at I April||||35.642|8.046|1,388.072|1.431,760|1,101,744|
|Total funds carried forward at 31 March|||||35,740|3,316|1,474,576|1,513,632|1.431.760|





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||||2022|2022|2022|2022|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Endowment|Total|
||||funds|fund|funds|funds|
|||||f|||
|2.|Voluntary|income - 2022|||||
||Grants received|||20,000||20,000|
||Donations||||||
|||||20,000||20,000|



|||||||||||||2021|2021|2021|2021|2021|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||Unrestricted|||Restricted Endowment|||Total|
|||||||||||||funds<br>f||fund|funds<br>f|fundsf|
|Voluntary||income - 2021|||||||||||||||
|Grants|received|||||||||||||20,000||20,000|
|Donations|||||||||||||||||
|||||||||||||||20.000||20,000|
|Grant|income||represents||a grant||received|from|the|City & Guilds||of|London|institute|Corporate|Community|
|Involvement||Programme||to||assist|those undertaking||City & Guilds||saddlery||qualifications.||||
|||||||||||||2022||2022|2022|2022|
|||||||||||Unrestricted|||Restricted Endowment|||Total|
|||||||||||||funds<br>5||fund|funds|fundsf|
|Investment||income - 2022|||||||||||||||
|Dividends||and|distributions|||from|||||||||||
|investment||portfolio||||||||||25,164||3,101||28)265|
|Interest|on|cash on deposit|||and at||bank||||||9|||9|
|||||||||||||25,173||3,101||28,274|





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||||||||2021|2021|2021|2021|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||Unrestricted|Restricted|Endowment|Total|
||||||||funds|fund|funds|funds|
||||||||f|f|f||
||Investment||income - 2021||||||||
||Dividends||and|distributions||from|||||
||investment||portfolio||||26,085|3,215||29,300|
||Interest on||cash on deposit|||and at bank|19|||19|
||||||||26,104|3,215||29,319|
||||||||2022|2022|2022|2022|
||||||||Unrestricted|Restricted|Endowment|Total|
||||||||funds|fund|funds|funds|
||||||||f||f|f.|
|4.|Investment||management|||casts -2022|||||
||Investment||management||fees||||7,214|7,214|
||||||||2021|2021|2021|2021|
||||||||Unrestricted|Restricted|Endowment|Total|
||||||||funds|fund|funds|funds|
|||||||||f|f|6|
||Investment||management|||costs -2021|||||
||Investment||management||fees||||6,268|6,268|
||||||||2022|2022|2022|2022|
||||||||Unrestricted|Restricted|Endowment|Total|
||||||||funds|fund<br>f|funds<br>f|fundsf|
||Charitable||activities - 2022||||||||
||Grants payable||||||22,632|24,730||47,362|
||Support costs:||||||||||
||Staff costs||||||3,880|||3,880|
||Printing|and||stationery|||96|||96|
||Travelling||expenses||||248|||248|
||Professional|||fee|||1,320|||1,320|
||||||||28,176|24,730||52,906|





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||||2021|2021|2021|2021|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Endowment|Total|
||||funds|fund|funds|funds|
||||f|f|f,|t|
|Charitable|activities - 2021||||||
|Grants payable|||5.723|16.027||21.750|
|Support costs:|||||||
|Staff costs|||4,109|||4.109|
|Printing<br>and||stntionery|91|||91|
|Iravelling|expenses||||||
|Professional||fee|1.230|||1.230|
||||11,153|16.027||27.IN)|



|||2022|2021|
|---|---|---|---|
|||Total|Tout l|
|||funds|funds|
||||f.|
|Fixed assets —investment|portfolio|||
|Market value at I April 2021||1,383,962|1,075.664|
|Add: Purchases at cost||163,310|413,470|
|Less: Sales proceeds||(173,838)|(406.885)|
|Net realised gains||37,175|13.222|
|Net unrealised<br>gains||56,543|300.923|
|Movement<br>in cash held as|part ofportfolio|3,418|(12.432)|
|Market value at 31 March|2022|1,470,570|1,383.962|
|Cost at 31 March 2022||1,224,064|1.193,896|
|||2022|2021|
|||Total|Total|
|||Funds|funds|
|Debtors||||
|Sundry<br>debtors||4,265|4,702|





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|to the fi|nancial|s|tatements<br>-|31March 2022|||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||Total|Total|
||||||Funds|funds|
|Creditors:|Amounts|falling due within||one year|||
|Accruals|||||8,535|3,601|
|Sundry creditors|||||500|300|
|Deferred income|||||15,000|16,000|
||||||24,035|18,901|
|Permanent|endowment||funds||||



||||||2021|2022|2022|
|---|---|---|---|---|---|---|---|
|||||||Movement||
||||||Total|in Year|Total|
|||||||6|f|
|Permanent|endowment|funds|-|2022|1,236,198|77,013|1,313,211|



||||||2020|2021|2021|
|---|---|---|---|---|---|---|---|
|||||||Movement||
||||||Total|in Yearf|Totalf|
|Permanent|endowment|funds|-|2021|962,101|274,097|1,236,198|





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||||||2021|2022|2022|
|---|---|---|---|---|---|---|---|
|||||||Movement||
||||||Total|In Year|Total|
||||||||f,|
|Expendable|cndownient|fund|||151,874|9,491|161,365|
|Expendable|endowment|fund|-|2021||||
||||||2020|2021|2021|
|||||||Movement||
||||||Total|In Yearf|Total|
|Expendable|endowment|fund|||118,094|33,780|151,874|



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|Restricted|fund - 2022|||||||
|---|---|---|---|---|---|---|---|
||||2021|2022|2022|2022|2022|
|||||||Transfer||
||||Total|Income|Expenditure|between|Total|
||||funds|f.||fundsf|funds|
|City &Guilds Bursary||fund|8,046|20,000|(24,730)||3,316|
|Restricted|fund - 2021|||||||
||||2020|2021|2021|2021|2021|
|||||||Transfer||
||||Total|Income|Expenditure|between|Total|
||||funds|||funds|funds|
||||f||f.||f|
|City &Guilds Bursary||fund|4,073|20.000|(16.027)||8.046|





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|Unrestricted|funds-designa|ted<br>fund - 2022||||||
|---|---|---|---|---|---|---|---|
||||2021|2022|2022|2022|2022|
|||||||Transfer||
||||Total|Income|Expenditure|between|Total|
||||funds|f||funds<br>f|fundsf|
|Millennium|Apprenticeship|Scheme||3&102|(4,313)|1,211||



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|Unrestricted|funds-designa|ted<br>fund - 2021||||||
|---|---|---|---|---|---|---|---|
||||2020|2021|2021|2021|2021|
|||||||Transfer||
||||Total|Income|Expenditure|between|Total|
||||funds|||funds|funds|
||||||f||f|
|Millennium|Apprenticeship|Scheme||3,215|(2,952)|(263)||



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|Unrestri|cted|funds-general|fund - 2022||||||
|---|---|---|---|---|---|---|---|---|
|||||2021|2022|2022|2022|2022|
||||||||Transfer||
|||||Total|Income|Expenditure|between|Total|
|||||fundsf||f|funds|fundsf|
|General|fund|||35,642|25,172|(23,863)|(1,211)|35,740|
|The transfer||to unrestricted|funds-designated|fund represents<br>net|deficit on that fund for the||year of11,211|(see note|
|12).|||||||||
|Unrestricted||funds-general|fund - 2021||||||
|||||2020|2021|2021|2021|2021|
||||||||Transfer||
|||||Total|Income|Expenditure|between|Total|
|||||fundsf|f.|f|funds<br>f|fundsf|
|General|fund|||17,476|26,104|(8,201)|263|35,642|





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