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|Trustees'<br>Report|||I|-|2|
|---|---|---|---|---|---|
|Independent<br>Examiner's||Report||||
|Statement offinancial|activities|||||
|Balance sheet||||||





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|||||Unrestricted|Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
||||Note|funds||funds|funds|2022|2021|
|INCOMING<br>RESOURCES||||||||||
|Grant income and donations||||1,000||||1,000|5,000|
|Investment<br>income||||||||||
|Bank and bond interest||||||||||
|Other investment<br>income||||46,598||||46,598|52,286|
|Total incoming<br>resources||||47,598||||47,598|57,286|
|RESOURCES EXPENDED||||||||||
|Costs ofactivities<br>in furtherance||||||||||
|ofthe Charity's<br>objects||||||||||
|Payments<br>to Mico Foundation,||Jamaica||43,000||||43,000|52,000|
|Cost ofgenerating<br>funds||||||||||
|Investment<br>management|charges||3||||3,540|3,540|1,551|
|Governance|||3|1,620||||1,620|1,560|
|Other expenditure|||3|2,300||||2,300|2,337|
|Total resources expended||||46,920|||3,540|50,460|57,448|
|Net incoming/(outgoing)|resources|||||||||
|before transfers|||||678||(3,540)|(2,862)|(162)|
|Transfer<br>between<br>funds||||||||||
||||||678||(3,540)|(2,862)|(162)|
|Other recognised<br>gains/losses||||||||||
|Unrealised<br>gains/(losses)|on|||||||||
|investment<br>assets|||||||62,607|62,607|286,776|
|Realised gains/(losses)<br>on||||||||||
|investment<br>assets|||||||122|122|315|
|Net movements<br>in funds|||||678||59,189|59,867|286,929|
|Fund balances<br>brought<br>forward||||79,724|||1,632,835|1,712,559|1,425,630|
|Fund balances carried forward||||80,402|||1,692,024|1,772,426|1,712,559|





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||||Note|~02||
|---|---|---|---|---|---|
|FIXEDASSETS||||||
|Investments||||1,758,721|1/99,542|
|CURRENT ASSETS||||||
|Debtors||||11,427|9,257|
|Deposits with investment|manager|||2,163|3,765|
|Cash at bank||||2,735|2,495|
|||||16&325|15,517|
|CREDITORS: AMOUNTS PALLING||||||
|DUE WITHIN ONE YEAR|||5|2,620|2,500|
|NET CURRENT ASSETS||||13,705|.13,017|
|TOTAL NETASSETS||||1&772,426|1,712&559.|
|CAPITAL FUNDS||||||
|Endowment<br>fund||||1,692&024|1,632,$35|
|RESTRICTED FUND||||||
|Restricted funds||||||
|UNRESTRICTED FUNDS||||||
|General funds||||80,402|79,7M|
|||||1,772&426|1,712,559|
|Approved<br>by the Trustees|on|) '7||||
|The Revd Rachel Benson|DL|||||
|Chairman ofTrustees|||r|Tlllstce||
|The notes on pages 6to 8|form|part ofthese|financia statements.|||





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|Total admi|nistration<br>and|management<br>costs ofthe charity|can be further analysed<br>as follows:-||
|---|---|---|---|---|
||||2022|2021|
|Audit and|accountancy||1,620|1,560|
|Secretary's|fee||2,000|2,000|
|Investment|management|charges|3,540|1,551|
|Bank charges|||40|80|
|Insurance|||260|257|
||||7,460|5,448|



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|Fixed asset investments||||
|---|---|---|---|
|||2022|2021|
|Quoted<br>investments||||
|Market value at start ofyear||1,699,542|1,415,592|
|Cash movements|||39|
|Disposals at open market|value|(3,428)|(2,865)|
|Net unrealised<br>investment|gains/(losses)|62,607|286,776|
|Market value at end ofyear||1,758,721|1,699,542|
|Historical cost at end ofyear||1,604,648|1,607,892|
|Bonds||262,218|278,004|
|Equity||1,095,916|1,104,165|
|Alternatives||269,384|207,321|
|Cash||131,203|109,942|
|||1,758,721|1,699,542|





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|||||2022|2021|
|---|---|---|---|---|---|
||||||f|
|Accruals||||2,620|2,500|
|Designated|fund|||||
|No funds were designated||out ofunrestricted|funds.|||



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||Balance||Gains/|Balance|
|---|---|---|---|---|
||1 April|Outgoing|(losses)|31 March|
||2021|resources|and transfers|2022|
|Endowment|1,632,835|(3,540)|62,729|1,692,024|