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|Trustees'<br>Report|||I|-||2|
|---|---|---|---|---|---|---|
|Independent<br>Examiner's|Report||||||
|Statement offinancial activities|||||||
|Balance sheet|||||||
|Notes forming part ofthe|financial|statements|6||-|&|





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|||||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||Note|funds|funds|funds|2023|2022|
|INCOMING RESOURCES|||||||||
|Grant income and donations||||50|||50|1,000|
|Investment<br>income|||||||||
|Bank and bond interest|||||||||
|Other investment<br>income||||55,761|||55,761|46,598|
|Total incoming resources||||55,811|||55,811|47,598|
|RESOURCES EXPENDED|||||||||
|Costs ofactivities in furtherance|||||||||
|ofthe Charity's objects|||||||||
|Payments<br>to Mico Foundation,||Jamaica||24,000|||24,000|43,000|
|Cost ofgenerating<br>funds|||||||||
|Investment<br>management|charges||3|||3,295|3,295|3,540|
|Governance|||3|1,740|||1,740|1,620|
|Other expenditure|||3|2,270|||2,270|2,300|
|Total resources expended||||28,010||3,295|31,305|50,460|
|Net incoming/(outgoing)|resources||||||||
|before transfers||||27,801||(3,295)|24,506|(2,862)|
|Transfer between funds|||||||||
|||||27,801||(3,295)|24,506|(2,862)|
|Other recognised<br>gains/losses|||||||||
|Unrealised<br>gains/(losses)|on||||||||
|investment<br>assets||||||(130,916)|(130,916)|62,607|
|Realised gains/(losses)<br>on|||||||||
|investment<br>assets||||||(226)|(226)|122|
|Net movements<br>in funds||||27,801||(134,437)|(106,636)|59,867|
|Fund balances brought<br>forward||||80,402||1,692,024|1,772,426|1,712,559|
|Fund balances carried forward||||108,203||1,557,587|1,665,790|1,772,426|





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|||||Note||||||
|---|---|---|---|---|---|---|---|---|---|
|FIXEDASSETS||||||||||
|Investments||||||||1,624,288|1,758,721|
|CURRENT ASSETS||||||||||
|Debtors||||||||13,709|11,427|
|Deposits with investment|manager|||||||27,618|2,163|
|Cash at bank||||||||2,915|2,735|
|||||||||44,242|16,325|
|CREDITORS: AMOUNTS FALLING||||||||||
|DUE WITHIN ONE YEAR||||5||||2,740|2,620|
|NET CURRENT ASSETS||||||||41,502|13,705|
|TOTAL NET ASSETS||||||||1,665,790|1,772,426|
|CAPITAL FUNDS||||||||||
|Endowment<br>fund||||||||1,557,587|1,692,024|
|RESTRICTED FUND||||||||||
|Restricted funds||||||||||
|UNRESTRICTED FUNDS||||||||||
|General funds||||||||108,203|80,402|
|||||||||1,665,790|1,772,426|
|Approved<br>by the Trustees|on|l|A t|otto' s|I|Mds|Z|||
|The Revd Rachel Benson|DL|||||||||
|Chairman ofTrustees||||||||Trustee||





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|Total admi|nistration<br>and|management<br>costs ofthe charity|can be further analysed<br>as follows:-||
|---|---|---|---|---|
||||2023|2022|
|Audit and|accountancy||1,740|1,620|
|Secretary's|fee||2,000|2,000|
|Investment|management|charges|3,295|3,540|
|Bank charges|||20|40|
|Insurance|||250|260|
||||7,305|7,460|



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|Fixed asset investments||||
|---|---|---|---|
|||2023|2022|
|Quoted investments||||
|Market value at start ofyear||1,758,721|1,699,542|
|Cash movements||||
|Disposals at open market|value|(3,517)|(3,428)|
|Net unrealised<br>investment|gains/(losses)|(130,916)|62,607|
|Market value at end ofyear||1,624,288|1,758,721|
|Historical cost at end ofyear||1,601,433|1,604,648|
|Bonds||257,029|262,218|
|Equity||1,109,715|1,095,916|
|Alternatives||225,216|269,384|
|Cash||32,328|131,203|
|||1,624,288|1,758,721|





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|5|Creditors:|amounts<br>falli|ng due within<br>one|year|||
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||g||
||Accruals||||2,740|2,620|
|6|Designated|fund|||||
||No funds were designated||out ofunrestricted|funds.|||



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||Balance||Gains/|Balance|
|---|---|---|---|---|
||I April|Outgoing|(losses)|31March|
||2022|resources|and transfers|2023|
||8||||
|Endowment|1,692,024|(3,295)|(131,142)|1,557,587|