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|---|---|---|
|Trustees'<br>report|||
|Statement<br>oftrustees'|responsibilities||
|Independent<br>auditor's|report|4-6|
|Statement<br>offinancial|activities||
|Balance sheet|||
|Statement<br>ofcash flows|||
|Notes to the financial|statements|IQ-14|





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||||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||2023|2022|
|||||Notes|E|E|
|Income from:|||||||
|Donations||||3|1,810,000|1,626,001|
|Investments||||4|142,281|102,223|
|Total income|||||1,952,281|1,728,224|
|Ex enditure on:|||||||
|Charitable<br>activities|||||||
|Donations||||5|1,596,797|1,519,702|
|Governance<br>costs||||5|10,964|1,089|
|Total charitable||expenditure|||1,607,761|1,520,791|
|Net gains/(losses)|||on investments||278,950|431,328|
|Net movement|in||funds||623,470|638,761|
|Fund balances|at|1 April 2022|||2,881,399|2,242,638|
|Fund balances|at||31 March 2023||3,504,869|2,881,399|





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||||||2023||2022||
|---|---|---|---|---|---|---|---|---|
|||||Notes|E||||
|Fixed assets|||||||||
|Investments||||||1,787,789||2,499,591|
|Current assets|||||||||
|Cash at bank and|in|hand|||1,717,860||382,588||
|Creditors: amounts||falling due within|||||||
|one year|||||(780)||(780)||
|Net current assets||||||1,717,080||381,808|
|Total assets less|current||liabilities|||3,504,869||2,881,399|
|Income funds|||||||||
|Unrestricted<br>funds||||||3,504,869||2,881,399|
|||||||3,504,869||2,881,399|






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||||||2023||2022||
|---|---|---|---|---|---|---|---|---|
|||||Notes|F||||
|Cash flows from operating||activities|||||||
|Cash generated<br>from operations||||14||202,239||255,210|
|Investing|activities||||||||
|Purchase|ofinvestments||||(1,500,000)||(400,000)||
|Proceeds|from disposal of|investments|||2,490,752||250,000||
|Investment|income received||||142,281||102,223||
|Net cash|generated<br>from/(used||in)||||||
|investing|activities|||||1,133,033||(47,777)|
|Net cash|used<br>in financing|activities|||||||
|Net increase<br>in cash and cash|||equivalents|||1,335,272||207,433|
|Cash and|cash equivalents|at beginning||ofyear||382,588||175,155|
|Cash and|cash equivalents|at|end of|year||1,717,860||382,588|





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||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||2023|2022f|
|Donations|and gifts||1,810,000|1,626,001|
|Investments|||||
||||Unrestricted|Unrestricted|
||||funds|funds|
||||2023|2022|
|||||E|
|Income from unlisted||investments|137,487|102,217|
|Interest receivable|||4,794|6|
||||142,281|102,223|





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||||Donations|Governance|Total|Donations|Governance|Total|
|---|---|---|---|---|---|---|---|---|
|||||costs|2023||costs|2022|
|||||2023||2022|2022||
|||||f.||E|||
|Donations||- UK|479,728||479,728|179,692||179,692|
|Donations||- Non UK|1,117,069||1,117,069|1,340,010||1,340,010|
||||1,596,797||1,596,797|1,519,702||1,519,702|
|Share ofgovernance|||||||||
|costs (see||note 6)||10,964|10,964||1,089|1,089|
||||1,596,797|10,964|1,607,761|1,519,702|1,089|1,520,791|
|Supportcosts|||||||||
||||||Support|Governance|2023|2022|
||||||costs|costs|||
|||||||F|||
|Audit fees||||||954|954|900|
|Bank charges||||||10,010|10,010|189|
|||||||10,964|10,964|1,089|
|Analysed|between||||||||
|Charitable||activities||||10,964|10,964|1,089|



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|2023|2022|
|---|---|
|Number|Number|





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||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||2023|2022|
||||E|E|
|Revaluation|of|investments|(113,568)|431,328|
|Gain/(loss)|on|sale of investments|392,518||
||||278,950|431,328|



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|Fixed as|set investments||||
|---|---|---|---|---|
|||Listed|Unlisted|Total|
|||investments|investments||
|Cost or valuation|||||
|At 1 April|2022|2,099,591|400,000|2,499,591|
|Additions|||1,500,000|1,500,000|
|Valuation|changes|(113,568)||(113,568)|
|Disposals||(1,698,234)|(400,000)|(2,098,234)|
|At 31 March 2023||287,789|1,500,000|1,787,789|
|Carrying|amount||||
|At 31 March 2023||287,789|1,500,000|1,787,789|
|At 31 March 2022||2,099,591|400,000|2,499,591|



|12|Creditors: amounts|falling due within one year|||
|---|---|---|---|---|
||||2023|2022|
||||E|E|
||Accruals and deferred|income|780|780|





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|14|Cash generated<br>from|operations|operations|||2023|2022|
|---|---|---|---|---|---|---|---|
||Surplus for the year|||||623,470|638,761|
||Adjustments<br>for:|||||||
||Investment<br>income recognised||in statement|offinancial|activities|(142,281)|(102,223)|
||Gain on disposal of investments|||||(392,518)||
||Fair value gains and losses on||investments|||113,568|(431,328)|
||Movements<br>in working|capital:||||||
||(Increase)/decrease<br>in|debtors|||||150,000|
||Cash generated<br>from|operations||||202,239|255,210|
|15|Analysis ofchanges|in net funds||||||
||The charity had no debt during||the year.|||||