## ## ## ## ## |||Page| |---|---|---| |Trustees'
report||1-3| |Statement ofTrustees'|responsibilities|| |Independent
auditor's|report|5-7| |Statement
offinancial|activities|8-9| |Balance sheet||10| |Notes to the financial statements||11-21| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Current financial year||||||| |---|---|---|---|---|---|---| |||Unrestricted|Restricted|Endowment|Total|Total| |||funds|funds|funds||| ||Notes|2022
F|2022
f|2022
f|2022f|2021f| |~eccme
r m||||||| |Donations
and legacies||||||500| |Investments||155,769|1,787|23,258|180,814|173,434| |Total income and endowments||155,769|1,787|23,258|180,814|173,934| |e diture on:||||||| |Raising funds||||11,259|11,259|10,080| |Charitable
activities||143,309|22,500||165,809|172,959| |Total resources expended||143,309|22,500|11,259|177,068|183,039| |Net gainsl(losses)
on investments||6,646|14,636|397,315|418,597|158,025| |Net movement
in funds||19,106|(6,077)|409,314|422,343|148,920| |Fund balances at 1April 2021||||||| |As originally
reported||361,337|291,243|4,362,33B|5,014,91S|4,S65,998| |Prior year adjustment||(37,500)|-|-|{'37,500)|| |As restated||323,837|291,243|4,362,338|4,977,418|4,865,998| |Fund balances at 31 March 2022||342,943|285,166|4,771,652|5,399,761|5,014,918| ## ## ## |Prior financial year|Prior financial year|||||| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Endowment|Total| ||||funds|funds|funds|| ||||2021|2021|2021|2021| |||Notes|E|E|E|E| |~nc mefrcm:||||||| |Donations
and legacies|||500|||500| |Investments|||150,000|1,839|21,595|173,434| |Total income and|endowments||150,500|1,839|21,595|173,934| |Ex enditure on:||||||| |Raising funds|||||10,080|10,080| |Charitable
activities|||168,459|4,500||172,959| |Total resources expended|||168,459|4,500|10,080|183,039| |Net gains/(losses)|on investments||20,335|38,069|99,621|158,025| |Net movement
in|funds||2,376|35,408|111,136|148,920| |Fund balances at 1 April 2020||||||| |As originally
reported|||358,961|255,835|4,251,202|4,865,998| |Prior year adjustment||||||| |As restated|||358,961|255,835|4,251,202|4,865,998| |Fund balances at|31 INarch 2021||361,337|291,243|4,362,338|5,014,918| ## ## ||||2022||2021|| |---|---|---|---|---|---|---| |||Notes|||f|| |Fixed assets||||||| |Investment
properties||10||3,965,000||3,605,000| |Inveslments||12||1,333,347||1,244,588| |||||5,298,347||4,849,588| |Current assets||||||| |Debtors||13|41,613||37,501|| |Cash at bank and in|hand||110,414||148,911|| ||||152,027||186,412|| |Creditors: amounts|falling due within|||||| |one year||14|(50,613}||(21,082}|| |Net current assets||||101,414||165,330| |Total assets less current liabilities||||5,399,761||5,014,918| |Capital funds||||||| |Endowment
funds -|eneral|||||| |General endowment|funds||1,561,652||1,512,338|| |Fair value reserve|||3,210,000||2,850,000|| |||15||4,771,652||4,362,338| |Income funds||||||| |Restricted funds||||285,166||291,243| |Unrestricted
funds||||342,943||361,337| |||||5,399,761||5,014,918| ## ## ## ## ## ## ## ## ## ## ## ## ## |Total|Unrestricted| |---|---| ||funds| |2022f|2021f| ||500| |CIL0|||C)
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CD|| ||||||CD|Q)|| ## ## ## ## ||||||Activities|Activities| |---|---|---|---|---|---|---| ||||||undertaken|undertaken| ||||||directly|directly| ||||||2022|2021| ||||||E|| ||Grants for||educational|visits|1,512|| ||Grants for||university|students|48,000|65,000| ||Scholarship||||22,500|4,500| ||Insurance||||1,137|1,015| ||Grant for|First Story 8 Book Buzz Projects|||6,500|3,500| ||Grant for|Open Minds Project|||6,500|6,500| ||Grant for|Think Forward Project|||16,000|16,000| ||Grant for|school equipment|||22,860|40,444| ||Access Project||||30,000|30,000| ||Valuation|fees|||1,800|| ||||||156,809|166,959| ||Share ofgovernance|||costs (see note 7)|9,000|6,000| ||||||165,809|172,959| ||Analysis|by fund||||| ||Unrestricted||funds||143,309|168,459| ||Restricted||funds||22,500|4,500| ||||||165,809|172,959| |6|Raising funds|||||| ||||||Endowment|Endowment| ||||||funds|funds| ||||||general|general| ||||||2022|2021| ||||||f'.|| ||Investment||management||11,259|10,080| ||||||11,259|10,080| ## ## |7|Support costs|Support costs||||| |---|---|---|---|---|---|---| ||||Support|Governance|2022|2021| ||||costs|costs||| ||||f|f||| ||Audit fees|||9,000|9,000|6,000| |||||9,000|9,000|6,000| ||Analysed|between||||| ||Charitable|activities||9,000|9,000|6,000| ## ## ||The average|monthly
numb|er ofemploye|es
during the|year was:||| |---|---|---|---|---|---|---|---| |||||||2022|2021| |||||||Number|Number| ||Total||||||| ||There were|no employees|whose annual|remuneration|was more than f60,000.||| |10|Investment|property|||||| ||||||||2022f| ||Fair value||||||| ||At 1 April 2021||||||3,605,000| ||Net gains or|losses through|fair value adjustments||||360,000| ||At 31 March|2022|||||3,965,000| ## ## ## |10|Investment
property||||(Continued)| |---|---|---|---|---|---| |11|Financial instruments|||2022f|2021f| ||Carrying
amount of|financial assets|||| ||Instruments
measured|at fair value through|profit or loss|5,298,347|4,849,588| |12|Fixed asset investments||||| ||||||Listed| ||||||investmentsf| ||Cost or valuation||||| ||At 1 April 2021||||1,244,588| ||Additions||||205,566| ||Valuation
changes||||58,597| ||Oisposals||||(175,404)| ||At 31 March 2022||||1,333,347| ||Impairment||||| ||At 1 April 2021||||| ||At 31 March 2022||||| ||Carrying
amount||||| ||At 31 March 2022||||1,333,347| ||At 31 March 2021||||1,244,588| |13|Debtors|||| |---|---|---|---|---| ||Amounts|falling due within one year:|2022
f|2021f| ||Other debtors||41,613|37,501| ## ## ## |||Movement|in funds|||Movement|in funds||| |---|---|---|---|---|---|---|---|---|---| ||Balance at|Incoming|Revaluations||Balance at|Incoming|Revaluations||Balance at| ||1 April 2020|resources|gains|and|1April 2021|resources|gains|and 31 March 2022|| ||||losses||||losses||| |||f||f||f||f|f| |Permanent|endowments||||||||| |GGS|||||||||| |Foundation-|||||||||| |Land|3,605,000||||3,605,000||360,000||3,965,000| |GGS|||||||||| |Foundation-|||||||||| |Other|591,581|21,548|85,762||698,891|23,237|24,153||746,281| |Frances|||||||||| |Davidson|10,902|12|||10,914||||10,919| |Lilian Davy|18,122||3,746||21,868||1,887||23,755| |GGS prize|||||||||| |fund|17,332|24||34|17,390|12||17|17,419| |KBBfund|8,265|10|||8,275|3|||8,278| ||4,251,202|21,594|89,542||4,362,338|23,257|386,057||4,771,652| ||||Ne
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