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2023-03-31-accounts

Page
Chairman's
Report
Report ofthe Trustees 2 to 5
Rcport ofthc independent
Auditors		 6 to 8
Statement ofFinancial Activities
Statement ofFinancial Position 10
Statement ofCash Fiovvs
Notes to the Statement ofCash Flows 12
Notes to the Financial Statements 13 to 20
Detailed Statement ofFinancial Activities 2i to 22

Period
6.4.21
Year I ndcd to
31,3,23 31.3.22
Unrestricted Restricted Total Total
fimds fund funds I'unds
Notes f f
INCOME AND ENDOWMENTS FROM
Donations and legacies 3 818,500 5,607 824,107 805,071
Investment
income		 4 435,642 435,642 313/56
Other income 100,104 100,104 292,197
Total 1,354,246 5,607 1,3S9,8S3 1,410,524
EXPENDITURE ON
Raising funds
Raising donations and legacies 27,443 27,443 24,209
27,443 27,443 24,209
Charitable
activities
Arts 139,130 139,130 129,418
Education 306,489 3,000 309,489 275,811
Medicine 256,148 3,927 260,075 227,131
Scholarships
and Grants		 35,700 35,700 90,250
Atnhivc Trust 190,000 190,000 200,000
Other Charities 3,700 3,700 2,200
Science 85,447 85,447 76,074
Economics 16,000 16,000 17,372
Other 7,190 7,190 7,858
Total 1,067,247 6,927 1,074,174 1,050,323
Net gainsi'(losses) on invcstmcnts (411,321) (411,321) (89,423)
NET INCOME/(EXPENDITURE) (124,322) (1,320) (125,642) 270,7'N
RECONCILIATION OF FUNDS
Total funds brought forward 3,922,548 10,336 3,932,884 3,662,106
TOTAL FUNDS CARRIED FORWARD 3,798,226 9„016 3,807,242 3,932,884

2023 2022
Unrestricted Restricted Total Total
funds fund lands funds
Notes F.
FIXEDASSETS
Investments 11 3,408,773 3,408,773 3,723,087
CURRENT A$$E'I'S
Debtors; amounts falling due within onc year 12 8212 8,212 7,274
Debtors: amounts falling due aRer morc than onc
year 12 100„000 100,000 100,000
Cash at bank 487,241 9,016 496,257 108,523
595,453 9,016 215,797
CREDITORS
Amounts
falling duc within one year		 13 (206,000) (206,000) (6,000)
NET CURRENT ASSETS 389,453 9,016 398,469 209,797
TOTAL ASSETSLESSClJRRKNT
LIABILITIES 3,798,226 9,016 3,807,242 3,932,884
NET ASSETS 3,798,226 9,0l6 3,807/42 3,932,884
FUNDS 14
(Jnrcstiictod
funds		 3,798,226 3,922,548
Restricted
fundr.		 9,016 10,336
TOTAL FUNDS 3,807,242 3,932,884

Period
6.4.21
Year Ended to
31.3.23 31.3.22
Notes
Cash flows frosn operating activities
Cash generated
from operations		 378,275 361,550
Nct cash proviAxl
by operating		 activities 378275 361,550
Cash Aows from investhLg activities
Purchase ofttxcd asset invcstmcnts (755,431 ) (1,322,743)
Gain on fixed asset investments 100,104 292,197
Sale uffixe asset investments 573,641 661,214
Movement
in investment
cash		 86,145 (81,216)
Interest received 5,000 5,020
Nct cash provided
by/(used		 in) investing activities 9,459 (445,528)
Change ln cash and cash equivalents in
the reporting
period		 387,734 (83,978)
Cash and cash cquivalcnts at thc
beginning
ofthe reporting		 period 108,523 192,501
Cash and cash equivalents at thc cnd of
lhe reporting
period		 496,257 108,523

OPKRATlNG AC TIVITIKS
Period
6.4,21
Year Ended tn
31.3,23 31.3.22
Net (expenditnre)lincotnc
for the reporting		 period (asper the
Statement ofFinancial Activities) (125,642) 270,778
Adjustments
for:
Losses on iiivestments 510,062 381,544
Profit on disposal offixed assets (100,104) (292,197)
Interest received (5,000) {5,020)
Profit on disposal ofinvestnients {It)0,104) {292,197)
{Increase)/decrease in debtors (937) 297,642
Increase in creditor 200,000 1,000
Net cash provided by operations 378,275 361,550
ANALYSIS OFCHANGES IN NFT FUNDS
At 1.4.22 Cash fiow At 31.3.23
K
Nct cash
Cash at bank 108,523 387,734 496,257
108,523 387,734 496,257
Total 108,523 387,734 496,257

4, INVEST ME NT INCOME
Period
6.4,21
Year Ended to
3I,3,23 3I,3,22
Dividend inconte 430,642 308,236
Deposit account interest 20
Loan interest 5,000 5,000
435,642 313,256
S. CHARITABLE ACTIVITIES COSTS
2023 2022
l'.
Grants payable (see note 6) 1.039,541 l,0I8,256
Other 7, I90 7,85K
l,046,731 1,026,114
6. GRANTS PAYABLE
Period
6.4,21
Year Ended to
31,3,23 31.3.22
f.
Arts 139,130 129,4I8
Education 309,489 275,811
Medicine 260,075 227,131
Scholarships aod Grants 35,700 90,250
Archive Trust 190,000 200,000
Other Charitics 3,700 2,200
Science 85,447 76,074
Economics 16,000 I7,372
1,039,541 1,0lb,256

finance
Period
6.4,21
Year Ended to
31,3.23 31.3.22
Other
resources Total
expended activities
E
Bank charges 110 168
Governance costs
Period
6,4.21
Year Ended to
31.3,23 313,22
Other
resources Total
expended activities
f.
Accountancy fees 1,900 1,800
Audit Fees 5,180 4,990
Legal/Professional Foes 900
7,080 7,690

No employees
receiv		 No employees
receiv		 ed emoluments
in excess of' t'6(I.000,		 ed emoluments
in excess of' t'6(I.000,		 ed emoluments
in excess of' t'6(I.000,
Iit. COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES
Unrestricted Restricted Total
fhllds fund hulds
E E
INCOME AND FNDOWiiIKNTS FROM
Donations
«md legacies		 391,713 413«358 805,071
investment
income		 313,256 313,256
Other income 292,197 292,197
Total 997,166 413,358 1,410,524
EXPENDITURE ON
Raising funds
Raising donations and legacies 24,209 24,209
24,209 24,209
Charitable
activities
Arts 129,418 129,418
Educ«stion 267,8 1 l 8,000 275,811
Medicine 104,13l 123,000 227,131
Scholarships
and Grants		 90,250 90,250
Archi vc Trust 200,000 200,000
Other Charities 2,200 2,200
Science 76,074 76,074
Economics 17,372 17„372
Other 7,858 7,858
Tntal 589,905 460,418 1,050,323
Net gains/(losses) on investments (89,423) (89,423)
NET INCOME/(EXPF NDITURK) 317838 (4'7,060} 270,778
RECONCILIATION OF FUNDS
Total funds brought forward 3,604,71i 57,395 3,662,106

10. COMPARATIVES FORTIIESTATEMENT OFFINANCE. ACTIVITIES - continued ACTIVITIES - continued
Unrestricted Restricted Total
funds fund funds
E
TOTAL FUNDS CARRIED FORWARD 3,922,549 10,335 3,932,884
I1. FIXEDASSET INVESTMENTS
Listed Unlisted
investlilelils investments Casl'1 Totals
E E E E
MARKET VALUE
At 1stApril 2022 3,202,547 353,889 166,651 3723087
Additions 755,430 755,430
Disposals (573,641) (573,641)
Revaluations (376,256) (33,701) (409,957)
Movement
in the year		 (86,146) (86,146)
At 31stMarch 2023 3,008,080 320,188 80,.505 3,408,773
NET BOOK VALUE
At 31stMarch 2023 3,008,080 320,188 80,505 3„408,773
At 31st Marclt 2022 3,202,547 353,889 166,651 3,723,087
Listed Unlisted
Invcsttztoilts invcstntcnts Casll Totals
E E
Valuation blf 523,901 (546,926) (23,025)
Valuation 2023 (376,256) (33,701) (409,957)
Cost 2,860,435 900,815 80,505 3,841,755
3,008,080 320,188 80,505 3,408,773

12. DEBTORS
2023 2022
Amounts
fall ing due within onc year:
Other debtors 4,789 4,677
Prepayn1ents rnid accrued income 3,423 2,597
8,212 7,274
Amounts
falling due after more than one year:
Other debtors i00,000 100,000
Aggregate
anlo1ults		 I08,212 107,2"74
13. CREDITORS: AMOUNTS I'ALLING DUE WITHIN ONE YEAR
2023 2022
Accruals aud dcfcrrcd income 206,000 6,000
14. MOVEMKNT IN FUNDS
Net
nlovcnlcnl Al
Al I.4.22 in funds 31,3.23
Unrestricted funds
Genel1li ftlnd 3,922,548 ( I24.322) 3,798,226
Restricted funds
Restricted 10,336 (1,320) 9,0I6
TOTAL FUNDS 3,932,884 (125,642) 3,807,242
Net movement in funds, included in the above are as follows:
Incoming Resources Gains and Movenlenl
resources expended losses in funds
f,
Unrestricted funds
General
fund		 1,354,246 (1,067,247) (411,321 ) {124,322)
Restricted fullds
Restricted 5,607 {6,!?27) (1,320)
TOTAL FUNDS 1,359,853 (1,074,174) (411.321j (125,642)

Nct
movement At
At6.4.21 in iimds 31.3,22
f. K
Unrestricted funds
General fund 3,604,711 317,837 3,922,548
Restricted funds
Restricted 57,395 (47,059) 10,336
TOTAL FUNDS 3,662,106 270.,778 3,932,884
Incoming Resources Gains and Movement
resources expended losses in funds
E K K K
Unrestricted funds
General fund 997,166 (589,906) (89,423) 317,837
Restricted
funds
R.cstrictel 413,358 (460,417) (47,059)
TOTAL FUNDS 1,410,524 (1,050,323) (89,423) 270,778

Period
6.4.2 1
Year I';ndcd to
31.3.23 31.3.22
f.
INCOMK ANI? KNDOWMKNTS
Donatlous
and legacies
Doltations 824,107 805,071
Investment
income
Dividend
income		 430,642 308,236
Deposit account intcrcst 20
Loan interest 5,000 5,000
435,642 313,256
Other income
Gain/profit
sale ofinvestment		 100,104 292,197
Total incoming resources 1/59,853 1,410,524
KXPEND1TURK
Raising donations and legacies
Fundraising
expenses		 11,584 1,663
Investment
management		 fees 15„859 22,546
27,443 24,209
Charitable
activities
Grants to institutions 1,039,541 1,0i8,256
Support costs
Kinance
Rank charges 110 168
Governance
costs
AceounttLttcy
fees		 I 900 1,800
Audit Fees 5,180 4,990
Legal/Professional I'ees 900
7,080 7,690
Total resources expended 1,074,174 1,050,323
Net income helore gains and losses 285,679 360,201
Realised recognised gains and losses
Carried forward 285,679 360,201

Period
6.4.21
Year Ended to
3l3.23 31.3,22
L'
Realised recognised gains and losses
Brought forward 285,679 360,201
l.Jnrcalised gains/losses on fixed asset
investments {411,321) (89,423)
Net (expenditure)/income (125,642) 270,778