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2023-03-31-accounts

				Page
Reference and administrative		details ofthe charity, its Trustees	and advisers
Trustees' report				2-6
Independent auditors'	report	on the financial statements		7-10
Statement offinancial	activities
Balance sheet				12
Statement ofcash flows				13
Notes to the financial	statements			14-22

Trustees	Trustees		Christopher	John Gee	John Gee
			Bianca Kamala		Silva
			Thomas Edward Gilman
Charity	registered
number			328Q22
Principal office			RWK Goodman
			Godstow Court,		Minns Business Park
			5West Way
			Oxford
			OX2 QJB
Independent		auditors	Hillier Hopkins		LLP
			Chartered Accountants
			Radius House
			51 Clarendon	Road
			Watford
			WD17 1HP
Bankers			CAF Bank Ltd
			25 Kings Hill	Avenue
			Kings Hill
			West Mailing
			Kent
			ME194JQ
Solicitors			RWK Goodman
			Godstow Court,
			Minns Business		Park
			5West Way
			Oxford
			OX2 QJB
Investment		Managers	Charles Stanley		Stockbrokers
			Willow Court,	Minns Business Park
			7West Way,	Botley
			Oxford
			OX2 QJB
Investment		Managers	Rathbones
			1 Curzon Street
			London
			W1J 5FB
Named	Charity		Tom Gilman
Correspondent			RWK Goodman
			Godstow Court,		Minns Business Park
			5West Way
			Oxford
			OX2 QJB

				Unrestricted	Total	Total
				funds	funds	funds
			Note	2023f	2023 F	2022
Income from:
Investments				775,249	775,249	670,980
Total income				775,249	775,249	670,980
Expenditure on:
Raising funds				95,131	95,131	107,414
Charitable activities				684,681	684,6&1	570,479
Total expenditure				779,812	779,812	677,893
Net expenditure before net (losses)/gains		on
investments				(4,563)	(4,563)	(6,913)
Net (losses)/gains	on investments			(2,046,883)	(2,046,883)	1,255,469
Net movement in	funds			(2,051,446)	(2,051,446)	1,248,556
Reconciliation offunds:
Total funds brought	forward			27„435,777	27,435,777	26,187,221
Net movement in funds				(2,051,446)	(2,051,446)	1,248,556
Total funds carried forward				25,384,331	25,384,331	27,435,777

			Note		2023f		2022
Fixed assets
Investments					23,686,738		25,938,968
					23,686,738		25,938,968
Current assets
Cash at bank	and in	hand		1,888,218		1,648,491
				1,888,218		1,648,491
Creditors: amounts		falling due within one
year			10	(190,625)		(151,682)
Net current	assets				1,697,593		1,496,809
Total assets	less current liabilities				25,384,331		27,435,777
Total net assets					25,384,331		27,435,777
Charity funds
Restricted funds
Unrestricted	funds				25,384,331		27,435,777
Total funds					25,384,331		27,435,777

					2023	2022
Cash flows from operating	activities			Note
Net cash used in operating	activities			14	34,380	(54,818)
Cash flows from investing	activities
Proceeds from sale of investments					5,297,351	5,036,585
Purchase of investments					(5,092,004)	(5,033,004)
Net cash provided by investing activities					205,347	3,581
Change in cash and cash	equivalents	in	the year		239,727	(51,237)
Cash and cash equivalents	at the beginning		ofthe year		1,648,491	1,699,728
Cash and cash equivalents	at the end	of	the year	15	1,888,218	1,648,491

		Unrestricted	Total	Total
		funds	funds	funds
		2023	2023	2022
		F
Deposit account interest		4,038	4,038	108
Investment	income	771,211	771,211	670,872
Total 2023		775,249	775,249	670,980
Total 2022		670,980	670,980

		Unrestricted	Total	Total
		funds	funds	funds
		2023	2023	2022
		F	F	F
Porffolio management	costs	95,050	95,050	107,309
Other costs		81	81	105
Total 2023		95,131	95,131	107,414
Total 2022		107,414	107,414

		Grants to	Total
		Institutions	funds
		2023 F	2023f
Grants	payable	658,938	658,938

Grants to	Total
Institutions	funds
2022	2022
547,781	547,781

				2023f	2022f
1.Victoria History of Oxfordshire			Trust	78,525	64,904
2.Ashmolean	Museum			137,419	113,582
3.Bodleian Library				137,419	113,582
4. Brasenose	College			65,437	54,087
5.Oxford Preservation		Trust		58,894	48,678
6. Pitt Rivers	Museum			111,244	91,948
Other grants	to institutions			70,000	61,000
				658,938	547,781

		Grant
		funding of	Support	Total
		activities	costs	funds
		2023f	2023f	2023f
Support costs			25,743	25,743
Direct charitable	activity	658,938		658,93&
		658,938	25,743	684,681

Analysis ofexp	enditure by activities (cont	inued)
		Grant
		funding of	Support	Total
		activities	costs	funds
		2022	2022	2022
				E
Support costs			22,698	22,698
Direct charitable	activity	547,781		547,781
		547,781	22,698	570,479

		Unrestricted	Total	Total
		funds	funds	funds
		2023f	2023f	2022
Legal fees		8,343	8,343	6,456
Accountancy		11,730	11,730	11,262
Governance	costs	5,670	5,670	4,980
Total 2023		25,743	25,743	22,698
Total 2022		22,698	22,698

Statement offunds	- curre	nt year
							Balance at
		Balance at 1				Gains/	31 March
		April 2022f	Income f	Expenditure	f	(Losses)	2023 f
Unrestricted funds
Designated funds
Capital funds		27,395,918				(2,046,883)	25,349,035
General funds
General Funds - all	funds	39,859	775,249	(779,812)			35,296
Total Unrestricted	funds	27435777	775~249	(779&812)		(2,046 883)	25,384331
Statement offunds	-prior	year
							Balance at
		Balance at				Gains'	31March
		1 April 2021	Income	Expenditure		(Losses)	2022
Unrestricted funds
Designated funds
Capital funds		26,140,449				1,255,469	27,395,918
General funds
General Funds - all	funds	46,772	670,980	(677,893)			39,859
Total Unrestricted	funds	26,187,221	670,980	(677,893)		1,255,469	27,435,777

Analysis of net assets between funds - current ye	ar
	Unrestricted	Total
	funds	funds
	2023f	2023
Fixed asset investments	23,686,738	23,686,738
Current assets	1,888,218	1,888,218
Creditors due within one year	(190,625)	(190,625)
Total	25,384,331	25,384,331

Analysis ofnet assets between funds - prior year
	Unrestricted	rota/
	funds	funds
	2022	2022
Fixed asset investments	25,938,968	25,938,968
Current assets	1,648,491	1,648,491
Creditors due within one year	(151,682)	(151,682)
Tl	27,435,777	27,435,777

											2023f	2022
Net income/expenditure		for	the	year	(as		per	Statement	of	Financial
Activities)											(2,051,446)	1,248,556
Adjustments for:
(Gains)/losses on	investments										2,046,883	(1,255,469)
Increase/(decrease)	in	creditors									38,943	(47,905)
Net cash provided	by/(used		in) operating			activities					34,380	(54,818)

						At 1 April		At 31 March
						2022	Cash flows	2023
							F	F
						F
Cash	at	bank	and	in	hand	1,648,491	239,727	1,888,218
						1,648,491	239,727	1,888,218