## |||Page|| |---|---|---|---| |Report ofthe Trustees|1|to|3| |Independent
Examiner's Report|||| |Statement ofFinancial Activities|||| |Statement ofFinancial Position|||| |Notes to the Financial Statements|7|to|13| |Detailed Statement ofFinancial Activities||14|| |Appendices||15|| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||2022|2021| |---|---|---|---|---|---| |||||Total|Total| ||||Unrestricted|Endowment|Endowment| ||||fund|funds|funds| |||Notes|||| |INCOME AND ENDOWMENTS FROM|||||| |Investment
income|||47,154|47,154|43,610| |Other income|||623|623|625| |Total|||47,777|47 777|44,235| |EXPENDITURE|ON||||| |Raising funds|||44,786|44,786|44,318| |Charitable
activities|||||| |Direct charitable
expenditure|||74420|74,420|14,670| |Total|||119,206|119,206|68988| |Net gains/(losses)|on investments||~883)|~883)|13,656| |NKT INCOME/(EXPENDITURE)|||(72,312)|(72,312)|(1.097)| |Other recognised
gains/(losses)
Gains/(losses)
on revaluation of6xed assets|||~140,229)|~140,229)|103,886| |Net movement
in|funds||(212,541)|(212,541)|102,789| |RECONCILIATION
OF FUNDS|||||| |Total funds brought forward|||1,962,440|1,962,440|1,859,651| |TOTAL FUNDS|CARRIED FORWARD||1,749,899|1 749,899|1,962,440| ## ||31December|2022||| |---|---|---|---|---| ||||2022|2021| ||||Total|Total| |||Unrestricted|Endowment|Endowment| |||fund|funds|funds| ||Notes|||| |FIXEDASSETS||||| |Tangible assets
Investments||352,303
1,411,111|352,303
1,411,111|353,769
1,560,965| |||1,763,414|1,763,414|1,914,734| |CURRENT ASSETS||||| |Debtors|10|||3,185| |Cash at bank||19904|19904|77441| |||19,904|19,904|80,626| |CREDITORS||||| |Amounts
falling due within one year||(33,419)|(33,419)|(32,920)| |NET CURRENT ASSETS||~13515)|~13515)|47,706| |TOTAL ASSETSLESSCURRENT||||| |LIABILITIES||1,749,899|1,749,899|1,962,440| |NET ASSETS||1,749 899|1,749,899|1,962,440| |FUNDS|12|||| |Unrestricted
funds|||1,749,899|1,962,440| |TOTAL FUNDS|||1,749,899|1,962,440| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||amount ofthe as
the profit orloss.|set is reduced to its|set is reduced to its|set is reduced to its|recoverable|amount
and|an impairment
loss is recognised
i|an impairment
loss is recognised
i|an impairment
loss is recognised
i|an impairment
loss is recognised
i|mmediately
in| |---|---|---|---|---|---|---|---|---|---|---|---| ||If an impairment|loss is subsequently|||reversed,|the carrying|amount of the asset is increased||||to the revised| ||estimate of its recoverable||amount,||but not to exceed the amount|||that would|have been determined
had no||| ||impairment
loss been recognised|||for|the asset in prior periods,||A reversal ofan||impairment|loss|is recognised| ||immediately
in the profit or loss.||||||||||| ||INVESTMENT|INCOME|||||||||| ||||||||||2022||2021| ||Dividend
income|f'rom listed|investments||||||21,361||42,928| ||Interest receivable &om Unit Trusts||||||||25,793||682| ||||||||||~47 154||43,610| |3.|OTHER INCOME||||||||||| ||||||||||2022||2021| ||Other income||||||||623||625| |4.|CHARITABLE|ACTIVITIES||COSTS|||||||| ||||||||||||Direct| ||||||||||||Costs (see| ||||||||||||note 5)| ||||||||||||f.| ||Direct charitable|expenditure|||||||||74,420| ## |DIRECT COSTS OF CHARITABLE ACTIVITIES||| |---|---|---| ||2022|2021| |Donations (see Appendix 3)|35,063|14,670| |Upkeep ofBillinge Hill|39,357|| ||74,420|14,670| ## ## ## |There
were
no
trustees'
expenses
paid
for the
year
ended
31December202
31December 2021.|2
nor for th|e
year
ended| |---|---|---| |COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES||| ||Unrestricted|Total| ||Endowment|Endowment| ||fund|funds| |INCOME AND ENDOWMENTS FROM||| |Investment
income|43,610|43,610| |Other income|625|625| |Total|44 235|44,235| |EXPENDITURE ON||| |Raising funds|44,318|44,318| |Charitable
activities||| |Direct charitable
expenditure|14,670|14,670| |Total|58,988|58 988| |Net gains on investments|13,656|13,656| |NET INCOME/(EXPENDITURE)|(1,097)|(1,097)| |Other recognised
gains/(losses)||| |Gains on revaluation offixed assets|103,886|103,886| |Net movement
in funds|102,789|102,789| |RECONCILIATION
OF FUNDS||| |Total funds brought
forward|1,859,651|1,859,651| |TOTAL FUNDS CARRIED FORWARD|1,962,440|1,962,440| ## ## |||||| |---|---|---|---|---| |8.|TANGIBLE FIXEDASSETS|||| |||Land|Buildings|Totals| ||COST|||| ||At 1 January 2022 and 31December 2022|311,256|73299|384,555| ||DEPRECIATION|||| ||At 1 J'anuary 2022||30,786|30,786| ||Charge for year||1,466|1,466| ||At 31December 2022||32,252|32,252| ||NET BOOKVALUE|||| ||At 31December 2022|311,256|41,047|352,303| ||At 31December 2021|311,256|42,513|353,769| ||All the fixed assets owned are held for charitable purposes.|||| |9.|FIXEDASSETINVESTMENTS|||| ||||Cash and|| |||Listed|settlements|| |||investments|pending|Totals| ||MARKET VALUE|||| ||At 1 January 2022|1,548,972|11,993|1,560,965| ||Additions|96,218|189,200|285,418| ||Disposals
Revaluations|(145,659)
~140,229)|(149,384)|(295,043)
~140229)| ||At 31December 2022|1359,302|51,809|1,411,111| ||NET BOOKVALUE|||| ||At 31December 2022|1,359,302|51 809|1,411,111| ||At 31December 2021|1548,972|11,993|1,560,965| ||||Cash and|| |---|---|---|---|---| |||Listed|settlements|| |||investments|pending|Totals| |Valuation|in 2022|184,517||184,517| |Cost||1,174,785|51,809|1,226,594| |||1,359,302|51,809|1,411,111| ||||2022|2021| |Historical|Cost||1,192,994|1,192,922| ## ## ## |||||||||2022|2021| |---|---|---|---|---|---|---|---|---|---| ||Trade debtors||||||||3,185| |11.|CREDITORS: AMOUNTS FALLING DUK WITHIN ONE|||||YEAR|||| |||||||||2022|2021| ||Trade creditors|||||||11,013|9,890| ||Accruals and|deferred income||||||22,406|23030| |||||||||33,419|~32920| |12.|MOVEMENT||IN FUNDS||||||| ||||||||Net|Transfers|| |||||||movement||between|At| ||||||At 1/1/22|in|funds|funds|31/12/22| ||Unrestricted|funds|||||||| ||General fund
Designated
fund - Billinge Hill||||1,903,326
59,114|(212,541)||39,357
~39,357)|1,730,142
19,757| ||||||1,962,440|~212541)|||1,749,899| ||TOTAL FUNDS||||1,962,440|~212,541)|||1 749 899| ||Net movement||in funds, included||in the above are as follows:||||| ||||||Incoming|Resources||Gains and|Movement| ||||||resources|expended||losses|in funds| ||||||E||||| ||Unrestricted||funds||||||| ||General fund||||47,777|(119,206)||(141,112)|(212,541)| ||TOTAL FUNDS||||47 777|~1)9,206)||~141 112)|L212,541)| ||Comparatives||for movement|in|funds||||| ||||Net|| |---|---|---|---|---| ||||movement|At| |||At 1/1/21|in funds|31/12/21| |Unrestricted|funds|||| |General fund||1,800,537|102,789|1,903,326| |Designated|fund - Billinge Hill|59,114||59,114| |||1,859,651|102,789|1,962,440| |TOTAL FUNDS||1,859,651|102,789|1,962,440| ## ## |Comparative
|net movement
in funds|, included in the above are a|s follows:||| |---|---|---|---|---|---| |||Incoming|Resources|Gains and|Movement| |||resources|expended|losses|in funds| |Unrestricted
General fund|funds|44,235|(58,988)|117,542|102,789| |TOTAL FUNDS||44,235|~58,988)|117,542|102,789| |A current ye|ar 12months
and prior year|12months
combined p|osition is as follo|ws:|| |---|---|---|---|---|---| ||||Net|Transfers|| ||||movement|between|At| |||At 1/1/21|in funds|funds|31/12/22| |||f.|||| |Unrestricted
funds
General fund
Designated
fund - Billinge Hill||1,800,537
59,114|(109,752)|39,357
~39,357)|1730 142
19,757| |||1,859,651|109,752||1,749,899| |TOTAL FUNDS||1 859,651|~109,752)||1,749,899| |A current yea
as follows:|r 12months
and prior|year 12months
combined n|et movement
in f|unds, included
|n the above a| |---|---|---|---|---|---| |||Incoming|Resources|Gains and|Movement| |||resources|expended|losses|in funds| |Unrestricted
General fund|funds|92,012|(178,194)|(23,570)|(109,752)| |TOTAL FUNDS||92,012|~178,194)|~23,570)|~109,752)| ## ## ## ## ## ## |for the Year Ended 31Decem|ber 2022|| |---|---|---| ||2022|2021| |INCOME AND ENDOWMENTS||| |Investment
income||| |Dividend
income &om listed investments|21,361|42,928| |Interest receivable &om Unit Trusts|25 793|682| ||47,154|43,610| |Other income||| |Other income|623|625| |Total incoming resources|47,777|44,235| |EXPENDITURE||| |Charitable
activities||| |Donations (see Appendix 3)
Upkeep ofBillinge Hill|35,063
39357|14,670| ||74,420|14,670| |Support costs||| |Governance
costs||| |Insurance|4,536|4,406| |Accountancy
Investment
management
fees|3,660
14,022|3,000
14,446| |Secretaries fees|21,102|21,000| |Freehold property depreciation|1,466|1,466| ||44,786|44,318| |Total resources expended|119,206|58 988| |Net expenditure
before gains and losses|(71,429)|(14,753)| |Realised recognised
gains and losses
Realised gains/(losses)
on fixed asset investments|~883)|13,656| |Net expenditure|~72,312)|~1097)| ## ||For the Year|Ended 31December|2022||| |---|---|---|---|---|---| |||||COST|VALUATION| ||COST|VALUATION|PROCEEDS|PROFIT|PROFIT| |||||(LOSS)
f.|(LOSS)
f| |Aegon Pmperty Income PAIFBGross Inc|3,736|2,736|2,673|(1,063)|(63)| |AVIVA||2,170|2,034|2,034|(136)| |CS 1175FI'SE/S&P 500Defensive Antocall (8.35/o) EI|32,500|41,327|43,355|10,855|2,028| |Haleon|2,664|2,664|3,173|509|509| |Waystone Lyrical US VAL EQ STRAT USD|21/32|31,398|31,043|9,811|(355)| |&gal &General|1,395|4,463|4,596|3/01|133| |Glaxosmitbkline|10,674|10,925|11,045|371|120| |Lyxor Core US TIPSETFHedged|19/93|20,572|20,302|1,009|(270)| |HSBC Holdings|14,518|10,508|9,727|(4,791)|(781)| |Easyjet|13,997|6,696|6,143|(7,854)|(553)| |Smith &Nephew|13,086|12,200|10,685|(2,401)|(1,515)| ||133,095|145,659|144,776|11,681|(883)| ||2022|2021| |---|---|---| |Donations||| |John Eddleston Field Society|23,185|12,955| |Mrs THolland||200| |Birchley StMary's School|1,759|505| |StAidan's Primary School|1,759|505| |Billing Chapel End School|1,759|505| |StAidan's Church|6,600|| ||35,063|14,670| |INCOME AND EXPENDITURE ACCOUNT|INCOME AND EXPENDITURE ACCOUNT||| |---|---|---|---| |for the year ended 31December 2022||2022|2021| |Income|||| |Investment
income||2,043|1,991| |Distributions|||| |Vicarage monies paid to Billinge Schools and St Aidans Parish
in absence ofVicar||1,021|6,300| |BALANCE SHEET|||| |as at31December 2022||2022|2021| |Investments|||| |Charities Official Investment|Fund||| |3,765 Income Shares||3,765|3,765|