## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||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| ||0!
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O0| ||||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|| ## ## ## ## ## ## ## ##