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2023-03-31-accounts

			Endowment	Restricted	Total	Total
			funds	funds	funds	funds
		Note	2023f	2023f	2023f	2022
Income and endowments	from:
Investments				444,622	444,622	433,613
Other income				12,533	12,533	8,574
Total income and endowments				457,155	457,155	442,187
Expenditure on:
Raising funds				25,763	25,763	38,829
Charitable activities				431,392	431,392	405,358
Total expenditure				457,155	457,155	442,187
Net income before net losses on
investments
Net losses on investments		11	(173,639)		(173,639)	(245,157)
Net movement in funds			(173,639)		(173,639)	(245,157)
Reconciliation offunds:
Total funds brought forward			7,171,325		7,171,325	7,416,482
Net movement in funds			(173,639)		(173,639)	(245,157)
Total funds carried forward			6,997,686		6,997,686	7,171,325

			AS AT 31	MARCH 2023
					2023		2022
			Note		6		5
Fixed assets
Investments			13		2,426,393		2,545,313
Investment property			12		4,540,000		4,540,000
					6,966,393		7,085,313
Current assets
Debtors			14	61,206		318,581
Cash at bank and	in	hand		179,085		32,263
				240,291		350,944
Creditors: amounts		falling due within one
year			15	(208,998)		(254,932)
Net current assets					31,293		85,012
Total assets less	current liabilities				6,997,686		7,171,325
Total net assets					6,997,686		7,171,325
Charity funds
Endowment funds			17		6,997,686		7,171,325
Total funds					6,997,686		7,171,325

				Restricted	Total
				funds	funds
				2023f	2023f
Rent receivable				364,200	364,200
Dividends	and interest on investment			79,736	79,736
Bank deposit interest				686	686
				444,622	444,622
				Restricted	Total
				funds	funds
				2022f	2022f
Rent receivable				355,283	355,283
Dividends	and interest on investment			78,324	78,324
Bank deposit interest				6	6
				433,613	433,613
Other incoming		resources
				Restricted	Total
				funds	funds
				2023	2023
Reimbursement		of insurance	premiums	12,533	12,533

Restricted	Tolsl
funds	funds
2022	2022
8,574	8,574

				Restricted	Total
				funds	funds
				2023f	2023 F
Investment		management	fees	12,546	12,546
Outgoings	on investment		properties	13,217	13,217
				25,763	25,763
				Restricted	Total
				funds	funds
				2022f	2022
Investment		management	fees	13,535	13,535
Outgoings	on investment		properties	23,293	23.293
				36,829	35,829
				2023f	2022f
Outgoings		on properties
Insurance				12,533	8,962
Property	repairs			684	145
Rates					7,986
Professional		charges			6,200
				13,217	23,293

				Grants to	Total
				Institutions	funds
				2023	2023
				E
Payment	ofgrants	to	institutions	404,623	404,623
				Grants to	Total
				Institutions	funds
				2022	2022
Payment	ofgrants	to	institutions	381,328	381,328

The charity has made the fo	llowin	g material gran	ts to	ins	titutions during the y	ear:
						2023	2022
Name of institution
Vicar ofthe Parish ofSaint Matthew, Newcastle			upon	Tyne under
Regulation 25 (1)(a) ofthe	1979	Scheme				400	400
The Governors of Newcastle	upon Tyne Royal Grammar				School payment
under Regulation 25(1)(b)	ofthe	1979Scheme				1,000	1,000
The Governors ofthe Newcastle		upon Tyne Grammar		School		213,708	201,362
The Trustees ofthe Almshouses		Charity				189,515	178,566
						404,623	381,328

						Restricted
						funds	Total
						2023	2023
						K
Direct	costs	-	Grant	making	activities	431,392	431,392

Restricted
funds	Total
2022	2022
5
405,358	405,358

Grant
funding of	Support	Total
activities	costs	funds
2023	2023	2023
404,623	26,769	431,392

Grant
funding ol	Support	Total
activities	costs	funds
2022	2022	2022
		5
381,328	24,030	405,358

				Total
			Activities	funds
			2023	2023
			6	6
Bank charges			341	341
Clerk's fees			11,250	11,250
Professional	charges		6,267	6,267
Governance	costs		8,550	8,550
Trustees' indemnity		insurance	361	361
			26,769	26,769

Analysis of	support	costs	(continu	ed)
							Total
						Activities	funds
						2022	2022
Bank charges						304	304
Clerk's fees						11,250	11,250
Professional	charges					3,654	3,654
Governance	costs					8,450	8,450
Trustees' indemnity		insurance				372	372
						24,030	24,030
Governance	costs comprise:
						2023	2022
						8
Governance	auditors'	remuneration				4,800	4,700
Clerk's fees						3,750	3,750
						8,550	8,450
Auditors' remuneration
						2023	2022
						8
Fees payable	to the	charity's	auditor	for the audit ofthe charity's	annual
accounts						4,800	4,700
Fees payable	to the	charity's	auditor	in respect of:
VAT and other professional			services			1,405	2 154

Net gains/(los	ses) on invest	ments
						2023f	2022
(Losses)/gains	on disposal of	share	investment	assets		(14,170)	758
(Losses)/gains	on revaluations	ofshare investment			assets	(159,469)	167,499
Losses on revaluations of investment			properties				(413,414)
						(173,639)	(245,157)

	Freehold
	investment
	propertyf
Valuation
At 1 April 2022	4,540,000
At 31 March 2023	4,540,000

						Other fixed
					Listed	asset
					investments	investments	Total
					5	K	E
	Cost or valuation
	At 1 April 2022				2,484,377	60,936	2,545,313
	Additions				144,811	21,509	166,320
	Disposals				(125,771)		(125,771)
	Revaluations				(159,469)		(159,469)
	At 31 March 2023				2,343,948	82,445	2,426,393
	Net book value
	At 31 March 2023				2,343,948	82,445	2,426,393
	At 31March 2022				2,484,377	60,938	2,545,313
14.	Debtors
						2023	2022
						E
	Due within one year
	Rent and insurance	debtors				53,221	152,874
	Other debtors						70,000
	Due from Endowment		fund to Restricted	fund			83,414
	Prepayments and	accrued income				7,985	12,393
						61,206	318,681

											2023	2022
											E	E
Due from	Endowment		fund	to Restricted		fund						83,414
The Hospital		ofSt Mary the		Virgin Almshouses				Charity			36,775	22,570
Other taxation		and social security									27,953	29,549
The Newcastle upon Tyne				Royal Grammar			School				46,470	29,452
Accruals	and	deferred	income								97,800	99,947
											208,998	264,932
Included	in	accruals	and	deferred	income			above	is deferred	income	of E84,430 (2022: E84,430
representing		rental income		received	in advance.
Financial	instruments
											2023 E	2022 f
Financial	assets
Financial	assets measured			at fair value		through		income and expenditure			2,343,948	2,484,377

Statement		offunds - current y	ear
								Balance at
			Balance at 1				Gainsl	31 March
			April 2022f	Income F.	Expenditure	f	(Losses)f	2023f
Endowment		funds
Endowment		Funds	7,171,325				(173,639)	6,997,686
Restricted		funds
Restricted	Funds			457,155	(457,155)
Total offunds			7,171,325	457,155	(457,155)		(173,639)	6,997,686
Statement		offunds - prior year
								Balance at
			Balance at				Gains	31 March
			1 April 2021	income	Expenditure		(Losses)	2022f
Endowment		funds
Endowment		Funds	7,418,482				(245,157)	7,171,325
Restricted		funds
Restricted	Funds			442,187	(442,187)
Total offunds			7,418,482	442,187	(442,187)		(245,157)	7,171,325

Analysis of net assets between funds - cur	rent year
	Endowment	Restricted	Total
	funds	funds	funds
	2023f	2023f	2023
Fixed asset investments	2,426,393		2,426,393
Investment property	4,540,000		4,640,000
Current assets	31,293	208,998	240,291
Creditors due within one year		(208,998)	(208,998)
Total	6,997,686		6,997,686

Analysis of net assets between funds - prio	r year
	Endowment	Restricted	Total
	funds	funds	funds
	2022	2022f	2022f
Fixed asset investments	2,545,313		2,545,313
Investment property	4,540,000		4,540,000
Current assets	169,426	181,518	350,944
Creditors due within one year	(83,414)	(181,518)	(264,932)
Ttl	7,171,325		7,171,325