| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Notes | E | |||||
| FIXEDASSETS | ||||||
| investments | ||||||
| 4,163,629 | 4,944,237 | |||||
| CURRENT ASSETS | ||||||
| Debtors: Amounts | due | |||||
| within one year Bank Account |
5 | 26,668 176,889 |
17,419 51,921 |
|||
| Debtor due after | one year: | 203,557 | 69,340 | |||
| Long Term Loans | 6 | 645,000 | 555,000 | |||
| CURRENT LIABILITIES | 848,557 | 624,339 | ||||
| Creditors: Amounts | falling due | |||||
| withm one year | 7 | (15,040( | (2,430) | |||
| NET CURRENT ASSETS | 833,517 | 621,910 | ||||
| NET ASSETS | 4,997,146 | 5,566,147 | ||||
| CAPITAL FUNDS | ||||||
| Endowment Funds |
4,997,146 | 5,566,147 | ||||
| 4,997,146 | 5,566,147 |
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| General | Endowment | Total | Total | |||
|---|---|---|---|---|---|---|
| Notes | Fund | Fund | 2022 | 2021 | ||
| E | E | E | E | |||
| Net cash provided by (used in) |
||||||
| operating actiwties |
(394,942 I | (99,249) | (494,191) | (484,717) | ||
| Cash flows from investing activities: |
||||||
| Dividends and interest Investment management costs Proceeds from sale of investments Purchase of investments Rounding Adjustment |
189,531 (15,372) |
(21,813) 996,965 (558,582) |
189,531 (37,185) 996,965 (558,582) |
179,442 (28,144) 867,217 (437,633) |
||
| Net cash provided by investing actwities |
174,159 | 416,571 | 590,729 | 500,882 | ||
| Transfer from Endowment | 233,393 | (233,393) | ||||
| Change in cash and equivalents during |
year | 12,610 | 83,929 | 96,539 | (16,165) | |
| Reconciliation ofcash and equivalents |
opening | and | closing balances: | |||
| Cash and equivalents at start of period |
||||||
| CAF Bank J M Finn & Co Ltd |
2,430 | 49,491 227,332 |
51,921 227,332 |
54,567 208,521 |
||
| Cash and equivalents at end of period |
Ii) | 2,430 | 276,823 | 279,253 | 263,088 | |
| CAF Bank J M Finn & Co Ltd |
15,040 | 161,829 198,902 |
176,889 198,902 |
51,921 227,332 |
||
| 2,430 | 360,753 | 375,792 | 279,253 | |||
| Change in cash and equivalents during |
year | (135) | 83,929 | 96,539 | 16,165 | |
| Note i) Reconciliation of net (Expenditure)/Income |
to net cash from operating activities |
|||||
| Net (expenditure)/Income for the year Adjustments for. |
(233,393) | 335,608 | 569,001 | 112,406 | ||
| (Gainsl/losses on investments Diwdends and interest from |
(313,795) | (313,795) | (442,796) | |||
| mvestments Loan Payments Investment management costs (Increase)/decrease in debtors Increase/(Decrease) in creditors |
(189,531I 15,372 (12,610) |
90,000 21,813 (9,249) |
(179,442) (90,000) 37,185 (9,259) (12,610) |
(179,442) (80,000) 28,144 (82,894) (135) |
||
| Net cash provided by (used in) operating activities |
(394,942) | (99,249) | (494,191) | (484,717) |
| Note 2 | ||||
|---|---|---|---|---|
| Investments | 2022 | 2021 | ||
| Market value of Investments in stocks and shares 31December 2021 Less: |
E 4,716,905 |
E 4,703,691 |
||
| Disposals at opening book value orcost when purchased Add. Acquisitions at cost |
dunng the year | (1,023,203) | (807,836) | |
| Net gain/(lass) on revaluation at 31December 2022 Market value of mvestments in stocks and shares Cash held by mvestment managers J M Finn & Co Ltd Total market value 31December 2022 |
558,582 (287,557) 3,964,727 198,902 4,163,629 |
440,071 380,979 4,716,905 227,332 4,944,237 |
||
| Reconciliation oftotal market values at 31December 2021 and 2022 |
2022 E |
2021 E |
||
| Balances 31December 2021: | ||||
| Market value of Investments in stocks and shares Cash held by mvestment managers J M Finn & Co Ltd |
4,716,905 227,332 |
4,703,691 208,521 |
||
| Add: net realised gams on disposals during year Add/Less: (loss)/gain on revaluation at 31December 2022 Charges levied by/wa Investment managers Net transfers between J M Finn & Co Ltd and the CAF Bank Rounding Difference |
account | 4,944,237 (26,238) (287,557) (21,813) (445,000) |
5,847,217 61,812 380,979 (24,770) (386,000) |
|
| Total market value and cash held at 31December 2022 | 4,163,629 | (1) 4,944,237 |
||
| Original | ||||
| Stocks and shares geographical analysis at 31December 2022 comparing historic/original cost with current values |
Cost E |
Valuation | Valuation E |
|
| United Kingdom Eurape North America Asia |
1,764,431 363,161 61,159 |
2,231,624 271,838 164,906 |
53.62% 6.53% 3 96% |
|
| Global | 220,651 | 265,225 | 6.389' | |
| Total | 309,808 | 388,614 | 9.33% | |
| 2,729,696 | 3,626,355 | 79.829' * |
| e Investment Income on the Statement of Financial Activities c F189,665 (20216179,442) and other interest EO (2021 EO). Total Return for year |
omprises dividends and interest on bonds |
|---|---|
| Portfolio Performance | |
| Comparable (losses)/gains: |
-2.80% |
| FTSE UK All Share Index | 0.34% |
| MSCI WMA Portfolio Balanced | -8.63% |
| Note 3 Analysis ofSupport Costs |
Note 3 Analysis ofSupport Costs |
Investment Adminis- |
Investment Adminis- |
Investment Adminis- |
Grant Adminis- |
Grant Adminis- |
2022 | Comparative Figures 2021 Investment Grant Adminis- Adminis- |
Comparative Figures 2021 Investment Grant Adminis- Adminis- |
Comparative Figures 2021 Investment Grant Adminis- Adminis- |
|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| tration | tration | Total | Tota tration tration |
I | |||||||||
| E | E | E | E | E | E | ||||||||
| Administrative Services |
6,667 | 3,333 | 10,000 | ||||||||||
| Bank charges Office expenses |
54 | 27 | 64 | 32 | 96 | ||||||||
| Professional fees Trustees' meetmgs. |
etc | 3,720 4,932 |
1,860 2,466 |
5,580 7,398 |
1,710 1,600 |
855 2,565 800 2,400 |
|||||||
| 15,372 | 7,686 | 23,059 | 3,374 | 1,687 5,061 |
|||||||||
| Trustees' Expenses |
included | above | 2022 | 2021 | |||||||||
| Travel expenses to |
meetings | i most | meermps | remote | in 2021) | 1,698 | |||||||
| A Hayward. 6308, P Hinton: |
61,390 | ||||||||||||
| No Trustee received | remuneration | from | the | Trust during | the year. | ||||||||
| Breakdown ofProfessional | Fees: | ||||||||||||
| Audit | |||||||||||||
| Recruitment fees |
3,240 | 2,430 | |||||||||||
| 3,240 | 2,430 | ||||||||||||
| Note 4 —Grants | 2022 | 2021 | |||||||||||
| E | E | ||||||||||||
| Wmdle International: | |||||||||||||
| Programme grant Support of Executive |
400,000 | 400,000 | |||||||||||
| Director" | |||||||||||||
| Special Grant | 70,000 10,000 |
||||||||||||
| 400,000 | 480,000 | ||||||||||||
| "Support for Executive Director agreement | ended | in 2021 | |||||||||||
| Note 5 - Debtors | 2022 | 2021 | |||||||||||
| E | E | ||||||||||||
| Diwdends due Windle International* |
6,667 20,000 |
7,418 10,000 |
|||||||||||
| 26,667 | 17,il18 |