ch•ses of 8888ts totalled £541.339. Th18 re8uIt8 nan OBJECTIVES AND ORGANISATION: Thé object of the Charity. in accordance wlth th8 TfU8t D8ed dated 22nd November 1978 Is the education of persons o have 1 attained the age of 25 years. who, in the oplnion of the Trustees. are in need of financial a3sistsTKe and are resident in. or have parent(s) resident in, the parish of Bobbington, the parish of Enville or the parish of ver, but preference for those who are resident in. or who have parent(s) resident In Enville. FINANCIAL POSITION: The Trustees conslder that the overall finandal posltion Is satisfactory and are pleased to report 22 don8ti0ns to individuals were made during the year and 3 donats'ons were made to institutions during the year. PUBLIC BENEFIT.. The Trustees of the Chaiity are aware of the Charity Commission's guidance on public benefft and have had regard it in the administration and activitles of the Charity. POLICIES: i investments of the trnst have been selected to provide a balance belween growlh and income as recommen he investment advisers. The income reserves of the charity are reviewed gUlarlY and are maintsined to retain a level of funds availab urgent calls upon them and for Identifble future projects. TRUSTEES The power of appointment of new trustees is vested in the existing Trustees. The Trnstees, annual report and financial statements were approved on 2 November 2021 and signed on its
Incom• from dep1. Wafvave Incom• from quoted Inv08tmonts: Income from investments sold during year Ino)me from invesknents held at year end Total Income recelpts 10.006 17.338 29,546 23,029 39,561 40,376 Other recelpts.. 'Sale of investments Amounts received in error 506,077 750 788.698 TOTAL RECEIPTS 546,388 829.072 PAYMENTS: Direct charftable expenditure: Grants made 31,993 27,500 Other expenditure: Purchase of investments Independent examinerfs fees Bank charges Secretarial expenses 541 ,339 745 70 33 753.507 720 60 405 TOTAL PAYMENTS 574,180 782,19 NET RECEIPTS I(PAYMENTS) FOR YEAR (27.792) 46,88 Cash and bank balances at 31 st March 2020 112,733 65,85 CASH AND BANK BALANCES AT
TARY ASSETS: N• •ftd b•nk b•l•ncM: 752•9 7.478 2.174 10.fjm 84,941 112715 cx>•t al 31 st 2021 31 st March 2021 J.837 727 944 765 745 Tnmtees Ilw responsibilitse8 for the FKeparaII ol ts fina1 nessary for their prepafalion. Th apwoved ty Ihe Trustees 2 November 2021.