2023-04-05-accounts

	Page
Report ofthe Trustees	1 to	5
Report ofthe Independent Auditors	6 to	8
Statement of Financial Activities
Balance Sheet	10
Notes to the Financial Statements	11 to	16
Detailed Statement of Financial Activities	17

FOR THE YEAR E	NDED 5TH A	PRIL 20	23
				2023	2022
				Unrestricted	Total
				fund	funds
			Notes
INCOME AND ENDOWMENTS		FROM
Donations and legacies				315
Investment income				93,154	98,341
Total				93,469	98,341
EXPENDITURE ON
Raising funds				24,214	27,358
Charitable activities
General				901,588	374,538
Other				42,017	30,975
Total				967,819	432,871
Net gains/(losses)	on investments			(347,143)	148,357
NET INCOME/(EXPENDITURE)				(1,221,493)	(186,173)
RECONCILIATION	OF FUNDS
Total funds brought	forward			3,626,899	3,813,072
TOTAL FUNDS CARRIED FORWARD				2,405,406	3,626,899

5TH APRIL 20	23
				2023	2022
				Unrestricted	Total
				fund	funds
			Notes
FIXED ASSETS
Investments				3,356,175	3,945,013
CURRENT ASSETS
Debtors				2,304	528
Cash at bank				13,580	86,861
				15,884	87,389
CREDITORS
Amounts falling	due within	one year		(435,957)	(243,503)
NET CURRENT	ASSETS			(420,073)	(156,114)
TOTAL ASSETS LESSCURRENT
LIABILITIES				2,936,102	3,788,899
CREDITORS
Amounts falling	due after	more than one
year			10	(530,696)	(162,000)
NET ASSETS				2,405,406	3,626,899
FUNDS
Unrestricted funds				2,405,406	3,626,899
TOTAL FUNDS				2,405,406	3,626,899

						2023	2022
							f
Other	fixed	asset	invest	-	FII	93,154	98,341

					2023	2022
					f	f
	Portfolio management				24,214	27,358
4.	GRANTS PAYABLE
					2023	2022
					f	f
	General				855,315	347,441
	The total grants	paid to institutions	during	the year was as
	follows:
					2023	2022
					f	f
	Opening Grant Commitments				(398,283)	(348,961)
	Closing Grant Commitments				962,880	398,283
	Foundation for Science &.Technology				7,000
	Potential Trust				12,000	12,000
	Potential Plus UK				21,025	17,860
	The RSA				18,500	56,000
	University of Manchester				60,000	40,000
	D &.TAssociation				14,945
	Made Here Now				4,000	3,000
	Craft Council				5,000	5,000
	Knowle West Media Centre				36,000	63,011
	The OT Company					3,600
	Centre for Real World Learning				30,000	30,000
	NWCCC				56,248	56,248
	Bristol Education	Partnership			5,000	11,400
	Big Education Trust				15,000
	Schools ofTomorrow				6,000
					855,315	347,441

		Total f	2023/24	2024/25 f	2025/26	2026/27 E
Grant	commitments	962,880	432,184	288,619	189,862	52,215

6.	COMPARAT	IVES F	OR THE STA	TEMENT OF FINANCI	AL ACTIVITIES
						Unrestricted
						fund
	INCOME AND ENDOWMENTS			FROM
	Investment	income				98,341
	EXPENDITURE ON
	Raising funds					27,358
	Charitable	activities
	General					374,538
	Other					30,975
	Total					432,871
	Net gains on investments					148,357
	NET INCOME/(EXPENDITURE)					(186,173)
	RECONCILIATION		OF FUNDS
	Total funds	brought	forward			3,813,072
	TOTAL FUNDS CARRIED FORWARD					3,626,899
7.	FIXED ASSET INVESTMENTS
						Listed
						investments
						E
	MARKET VALUE
	At 6th April	2022				3,945,013
	Additions					1,177,173
	Disposals					(1,418,868)
	Revaluations					(347,143)
	At 5th April	2023				3,356,175
	NET BOOK	VALUE
	At 5th April	2023				3,356,175
	At 5th April	2022				3,945,013
					2023	2022
						E
	Historical cost as at		5 April 2023		2,707,297	2,642,340

Investments are	Investments are	listed on a recognised	stock exchange at market	value as follows
				2023	2022
					E
UK equity	investments			976,152	1,735,050
Non-UK equity instruments				1,768,050	1,538,358
UK fixed	interest	investments		122,008	215,050
Property				166,231	195,170

323,734	261,385
3,356,175	3,945,013

Included	in	in	the	above are	above are	above are	the following	investments	investments	at market	value	which	individually	represent
more than		5'/o ofthe total					fund
													2023	2022
														E
Vanguard		funds		pic								496,530		461,799
Investment			income			during	the year was	made	up of
													2023	2022
														E
Dividends												73,790		77,758
Bonds and		Gilts										10,478		12,804
Income from			UK		Unit Trusts								7,868	7,779
												92,136		98,341

								Listed
								investments
								E
	Valuation	in 2023						(347,143)
	Cost							3,703,318
								3,356,175
8.	DEBTORS: AMOUNTS		FALLING DUE WITHIN		ONE YEAR
							2023	2022
							E	E
	Prepayments and accrued			income			2,304	528
9.	CREDITORS: AMOUNTS			FALLING DUE WITHIN		ONE YEAR
							2023	2022
							E	E
	Other creditors						435,957	243,503

10.	CREDITORS:	CREDITORS:	AMOUNTS	FALLING DUE AFTER MORE THAN ONE	YEAR
					2023	2022
						E
	Other creditors				530,696	162,000
11.	MOVEMENT IN FUNDS
					Net
					movement	At
				At 6.4.22	in funds	5.4.23
				E	E	E
	Unrestricted		funds
	General	fund		3,626,899	(1,221,493)	2,405,406
	TOTAL	FUNDS		3,626,899	(1,221,493)	2,405,406

						Incoming	Resources	Gains and	Movement
						resources	expended	losses	in funds
Unrestricted		funds
General	fund					93,469	(967,819)	(347,143)	(1,221,493)
TOTAL	FUNDS					93,469	(967,819)	(347,143)	(1,221,493)
Comparatives		for	movement	in	funds
								Net
								movement	At
							At 6.4.21	in funds	5.4.22
							E	E	E
Unrestricted		funds
General	fund						3,813,072	(186,173)	3,626,899
TOTAL	FUNDS						3,813,072	(186,173)	3,626,899

Compara	tive	net movement in fu	nds, included in the abo	ve are as follo	ws:
			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
			E	E		E
Unrestricted		funds
General	fund		98,341	(432,871)	148,357	(186,173)
TOTAL	FUNDS		98,341	(432,871)	148,357	(186,173)

A curren	t yea	r 12 months and prior ye	ar 12 months combined position	is as follows:
				Net
				movement	At
			At 6.4.21	in funds	5.4.23
			E	E	E.
Unrestricted		funds
General	fund		3,813,072	(1,407,666)	2,405,406
TOTAL	FUNDS		3,813,072	(1,407,666)	2,405,406

the abo	ve are	as follows:
			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
				E		E
Unrestricted		funds
General	fund		191,810	(1,400,690)	(198,786)	(1,407,666)
TOTAL	FUNDS		191,810	(1,400,690)	(198,786)	(1,407,666)

FOR THE YEAR ENDE	D 5TH	APRIL 2023
			2023	2022
INCOME AND ENDOWMENTS
Donations and legacies
Donations			315
Investment income
Other fixed asset invest	- FII		93,154	98,341
Total incoming resources			93,469	98,341
EXPENDITURE
Investment management		costs
Portfolio management			24,214	27,358
Charitable activities
Grants to institutions			855,315	347,441
Other
Fees			42,017	30,975
Support costs
Management
Administrator's fees			5,931	12,373
Travel S.sundry expenses			8,005	7,381
Conference &.trustee	meetings		23,985
Bank charges			122	147
Subscriptions			2,034	1,312
IT services			2,206	1,799
			42,283	23,012
Governance costs
Trustees' expenses			390	485
Accountancy and legal	fees		3,600	3,600
			3,990	4,085
Total resources expended			967,819	432,871
Net expenditure before gains and
losses			(874,350)	(334,530)
Realised recognised	gains	and losses
Realised gains/(losses)	on fixed asset
investments			(347,143)	148,357
Net expenditure			(1,221,493)	(186,173)