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





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|FOR THE YEAR E|NDED 5TH A|PRIL 20|23|||
|---|---|---|---|---|---|
|||||2023|2022|
|||||Unrestricted|Total|
|||||fund|funds|
||||Notes|||
|INCOME AND ENDOWMENTS||FROM||||
|Donations<br>and legacies||||315||
|Investment<br>income||||93,154|98,341|
|Total||||93,469|98,341|
|EXPENDITURE ON||||||
|Raising<br>funds||||24,214|27,358|
|Charitable<br>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<br>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<br>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<br>falling|due after|more than one||||
|year|||10|(530,696)|(162,000)|
|NET ASSETS||||2,405,406|3,626,899|
|FUNDS||||||
|Unrestricted<br>funds||||2,405,406|3,626,899|
|TOTAL FUNDS||||2,405,406|3,626,899|





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





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||||||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<br>Grant Commitments||||(398,283)|(348,961)|
||Closing Grant Commitments||||962,880|398,283|
||Foundation<br>for Science &.Technology||||7,000||
||Potential<br>Trust||||12,000|12,000|
||Potential<br>Plus UK||||21,025|17,860|
||The RSA||||18,500|56,000|
||University<br>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<br>Learning||||30,000|30,000|
||NWCCC||||56,248|56,248|
||Bristol Education|Partnership|||5,000|11,400|
||Big Education<br>Trust||||15,000||
||Schools ofTomorrow||||6,000||
||||||855,315|347,441|



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



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|6.|COMPARAT|IVES<br>F|OR THE STA|TEMENT OF FINANCI|AL ACTIVITIES||
|---|---|---|---|---|---|---|
|||||||Unrestricted|
|||||||fund|
||INCOME AND ENDOWMENTS|||FROM|||
||Investment|income||||98,341|
||EXPENDITURE ON||||||
||Raising<br>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<br>are|Investments<br>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<br>instruments||||1,768,050|1,538,358|
|UK fixed|interest|investments||122,008|215,050|
|Property||||166,231|195,170|





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|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<br>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<br>in fu|nds,<br>included<br>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)|





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|A curren|t yea|r 12 months<br>and prior ye|ar 12 months<br>combined<br>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|



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|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<br>and legacies|||||
|Donations|||315||
|Investment<br>income|||||
|Other fixed asset invest|- FII||93,154|98,341|
|Total incoming<br>resources|||93,469|98,341|
|EXPENDITURE|||||
|Investment<br>management||costs|||
|Portfolio management|||24,214|27,358|
|Charitable<br>activities|||||
|Grants to institutions|||855,315|347,441|
|Other|||||
|Fees|||42,017|30,975|
|Support costs|||||
|Management|||||
|Administrator's<br>fees|||5,931|12,373|
|Travel S.sundry<br>expenses|||8,005|7,381|
|Conference<br>&.trustee|meetings||23,985||
|Bank charges|||122|147|
|Subscriptions|||2,034|1,312|
|IT services|||2,206|1,799|
||||42,283|23,012|
|Governance<br>costs|||||
|Trustees'<br>expenses|||390|485|
|Accountancy<br>and legal|fees||3,600|3,600|
||||3,990|4,085|
|Total resources<br>expended|||967,819|432,871|
|Net expenditure<br>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)|