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





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||||||||2023|2023|2023|2023|2022|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||Unrestricted|Restricted|Endowment|Total|Total|
||||||||funds|fund|funds|funds|funds|
|||||||Note|f.||||f.|
|Income nnd endoivments||from:||||||||||
|Voluntary<br>income||||||2||20,000||20,000|20,000|
|Investment<br>income||||||3|31,733|||31,733|28,274|
|Total income|||||||31,733|20,000||51)733|48,274|
|Expenditure<br>on:||||||||||||
|Investment<br>management||costs||||4|||6,391|6,391|7,214|
|Charitable<br>activities||||||5|32,319|17,622|—|49,941|52,906|
|Total expenditure|||||||32,319|17,622|6,391|56,332|60,120|
|Net income/(expenditure)||||||||||||
|before investment|gains|and||lasses|||(586)|2,378|(6&391)|(4,599)|(11,846)|
|Net unrealised<br>and|realised (losses)/gains|||||||||||
|on investments||||||6|||(122,612)|(122)612)|93,718|
|Net (loss)/income|and movement||||in funds||(586)|2,378|(129,003)|(127,211)|81,872|
|Total funds brought|forward||at I||April||35,740|3,316|1,474,576|1,513,632|1,431,760|
|Total funds carried forwnrd||||at|31March||35,154|5,694|I)345,573|1,386,421|1,513,632|





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|Balance|sheet|—||at 31March Z02|3|||||
|---|---|---|---|---|---|---|---|---|---|
|||||||2023|2023|2022|2022|
||||||Note|f.||||
|Fixed assets||||||||||
|Investment<br>portfolio at||||market value|||1,341&408||1,470,570|
|Current<br>assets||||||||||
|Debtors||||||7,670||4,265||
|Stock||||||751||938||
|Cash on deposit||||||||||
|Cash at bank and in hand||||||43,094||61,894||
|||||||51,515||67,097||
|Creditors:|Amounts||falling due|||||||
||within|one||year||(6,502)||(24,035)||
|Net current|nssets||||||45,013||43,062|
|Total nct assets|||||||1,386,421||1,513,632|
|Represented|by:|||||||||
|Funds and|reserves|||||||||
|Permanent<br>endowment||||funds|9|1,198,362||1,313,211||
|Expendable|endowment|||fund|10|147,211||161,365||
||||||||1,345&573||1,474,576|
|Restricted<br>fund|||||||5,694||3,316|
|Unrestricted|funds:|||||||||
|Designated|fund||||12|||||
|General fund|||||13|35,154||35,740||
||||||||35,154||35,740|
|Total funds|||||||1,386,421||1,513,632|





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||||2023|2023|2023|2023|
|---|---|---|---|---|---|---|
||||Unrestricled|Restricted|Endowment|Total|
||||funds|fund|funds|fundsf|
|2.|Voluntary|income - 2023|||||
||Grants received|||20)000||20,000|
||Donations||||||
|||||20,000||20,000|



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



||||2023|2023|2023|2023|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Endowment|Total|
||||funds|fund|funds|funds|
|||||f.|||
|Investment|income - 2023||||||
|Dividends|and distributions|from|||||
|investment|portfolio||27,870|3,435||31,305|
|Interest on|cash on deposit|and at bank|428|||428|
||||28,298|3,435||31,733|





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|Investment|in|come(conti|nu|ed)|||||
|---|---|---|---|---|---|---|---|---|
||||||2022|2022|2022|2022|
||||||Unrestricted|Restricted|Endowment|Total|
||||||funds|fund|funds|funds|
||||||5||||
|Investment|income - 2022||||||||
|Dividends|and|distributions||ftum|||||
|investment|portfolio||||25,164|3,101||28,265|
|Interest on|cnsh on deposit|||and at bank|9|||9|
||||||25,173|3,101||28,274|
||||||2023|2023|2023|2023|
||||||Unrestricted|Restricted|Endowment|Total|
||||||funds|fund|funds|funds|
||||||8||f.||
|Investment|management|||costs - 2023|||||
|investment|management||fees||||6i391|6,391|
||||||2022|2022|2022|2022|
||||||Unrestricted|Restricted|Endowment|Total|
||||||funds|fund|funds|funds|
||||||f.||||
|Investment|management|||costs - 2022|||||
|Invesnnent|management||fees||||7,214|7,214|
||||||2023|2023|2023|2023|
||||||Unrestricted|Restricted|Kndowment|Total|
||||||funds|fund|funds|funds|
||||||f,|||f.|
|Charitable|activities - 2023||||||||
|Grants payable|||||26,165|17,622||43,787|
|Support costs:|||||||||
|Staff costs|||||4,312|||4,312|
|Bank fees|||||72|||72|
|ITcosts|||||145|||145|
|Travelling|expenses||||155|||155|
|Professional||fee|||1,470|||1,470|
||||||32,319|17,622||49,941|





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||||2022|2022|2022|2022|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Endovvment|Total|
||||funds|fund|funds|funds|
|||||f|f.|f.|
|Charitable|activities - 2022||||||
|Grants payable|||22,632|24,730||47,362|
|Support costs:|||||||
|Staff costs|||3,880|||3,880|
|Bank fees|||96|||96|
|Travelling||expenses|248|||248|
|Professional||fee|1,320|||1,320|
||||28,176|24,730||52,906|



|||2023|2022|
|---|---|---|---|
|||Total|Total|
|||funds|funds|
|Fixed nssets —investment|portfolio|||
|Market value at 1 April 2022||1,470,570|1,383,962|
|Add.'Purchases<br>at cost||172,602|163,310|
|Less; Sales pmceeds||(216,116)|(173,838)|
|Net realised gains||(1,234)|37,175|
|Net unrealised<br>gains||(121)378)|56,543|
|Movement<br>in cash held as|part ofportfolio|36,964|3,418|
|Market value at 31 March|2023|1,341,408|1,470,570|
|Cost at 31 March 2023||1416,859|1,224,064|



||||2023|2022|
|---|---|---|---|---|
||||Total|Total|
||||Funds|funds|
|7.|Debtors||||
||Sundry|debtors|7,670|4,265|





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|to the financial|statements<br>-|31March 2023|||
|---|---|---|---|---|
||||2023|2022|
||||Total|Total|
||||lrunds|funds|
|Creditors: Amounts|falling due within|one year|||
|Accruals|||5,466|8,535|
|Sundry creditors|||1,036|500|
|Deferred income||||15,000|
||||6,502|24,035|



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||||||2022|2023|2023|
|---|---|---|---|---|---|---|---|
|||||||Movement||
||||||Total|in Year|Total|
||||||||f.|
|Pemtanent|endowment|funds|-|2023|1,313,211|(114,849)|1,198,362|



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





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|||||2022|2023|2023|
|---|---|---|---|---|---|---|
||||||Movement||
|||||Total|In Year<br>f.|Totalf|
|Expendable|endowment|fund||161,365|(14,154)|147,211|
|Expendable|endowment|fund|-2022||||
|||||2021|2022|2022|
||||||Movement||
|||||Totnl|In Year|Total|
|Expendable|endowment|fund||151,874|9,491|161,365|



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|Restricted|fund - 2023|||||||
|---|---|---|---|---|---|---|---|
||||2022|2023|2023|2023|2023|
|||||||Transfer||
||||Total|Income|Expenditure|between|Total|
||||funds|||funds|funds|
|City &Guilds Bursmy||fund|3,316|20,000|(17,622)||5,694|
|Restricted|fund - 2022|||||||
||||2021|2022|2022|2022|2022|
|||||||Transfer||
||||Total|Income|Expenditure|between|Total|
||||funds|||funds|funds|
||||f.|||||
|City & Guilds Bursary fund|||8,046|20,000|(24,730)||3,316|





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|12.|Unrestricted|funds-designated|funds-designated|fund|-2023||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||2022||2023|2023|2023|
||||||||||Trnnsfer||
|||||||Total|Income|Expenditure|between|Total|
|||||||funds|||funds|funds|
||||||||f.|||5|
||Millennium|Apprenticeship|Scheme||||3,435|(4,482)|1,047||



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



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|Unrestri|cted<br>funds-general<br>fund|-2023|||||
|---|---|---|---|---|---|---|
|||2022|2023|2023|2023|2023|
||||||Transfer||
|||Total|Income|Expenditure|between|Total|
|||funds|||funds|funds|
|||||f,|5||
|General|fund|35,740|28498|(27)837)|(1,047)|35,154|



|Unrestri|cted<br>funds-general<br>fund|- Z022|||||
|---|---|---|---|---|---|---|
|||2021|2022|2022|2022|2022|
||||||Transfer||
|||Totnl|Income|Expenditure|between|Total|
|||funds|||funds|funds|
||||f|f|f.||
|General|fund|35,642|25,172|(23,863)|(1,211)|35,740|





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|Analysis o|fnet assets between|funds - 2023||||||
|---|---|---|---|---|---|---|---|
||||||||2023|
|||Permanent|Expendable|||||
|||endowment|endowment|Restricted|DesignatedUnrestricted||Total|
|||funds|fund|fund|fund|fund|funds|
|||f|||5|5||
|Investment|portfolio|1)194,232|147,176||||1,341,40S|
|Stock|||||751||751|
|Debtotu||||5,000|293|2,377|7,670|
|Cosh on deposit and at bank||4,130|35|1,730|(156)|37,355|43)094|
|Creditors||||(1,036)|(888)|(4,578)|(6,502)|
|At 31 March 2023||1,19S,362|147)211|5,694||35,154|1,386,421|
|Analysis ofnet assets behveen||funds - 2022||||||
||||||||2022|
|||Permnnent|Expendable|||||
|||endowment|endowment|Restricte&l|DesignatedUnrestricted||Total|
|||funds|fund|fund|fund|fund|funds|
||||f,|f.||f||
|Investment|pottfol io|1,309,223|161,347||||1,470,570|
|Stock|||||938||938|
|Debtors|||||468|3,797|4,265|
|Cash on deposit and at bank||3,988|18|18,316|(156)|39,728|61,894|
|Creditors||||(15,000)|(1,250)|(7,785)|(24,035)|
|At 31 March 2022||1,313,211|161,365|3,316||35,740|1,513,632|



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