2022-12-31-accounts

		Page
Information
Report ofthe Trustees
Auditor's Report
Statement of Financial	Activities
Balance Sheet		10
Cash flow statement
Notes to the Accounts		12

Donations and legames	1,936,661
Investment income	683,756
Tax recoverable	142,528
Interest receivable	56,005

							Bursary	General
							Endowment	Bursary
							Fund	Fund	Total	Total
							2022 f	2022 f	2022f	2021 6
Donations							348,309	765,708	1,114,017	1,372,205
Legacies								822,644	822,644	174,588
Income tax recoverable							3,325	139,203	142,528	127,498
Investment income							132,513	551,243	683,756	745,837
Interest receivable							239	55,766	56,005	58,668
Net rent receivable								1,050	1,050	220
Total income							484,386	2,335,614	2,820,000	2,479,016
Expenditure
Investment managers'		fees					21,146	140,988	162,134	191,066
Charitable expenditure
Grants payable	to The		Manchester		Grammar
School								2,375,628	2,375,628	2,231,000
Management and	Administration
Secretary's honorarium			and expenses					7,051	7,051	7,073
Sundry expenses								2,144	2,190	2,044
Professional fees								5,532	5,532	1,380
Governance costs
Auditors remuneration								4,440	4,440	4,510
Total expenditure							21,192	2,535,783	2,556,975	2,437,073
Net income/(expenditure)			and net	movement		in
funds before gams	and	losses on		investments			463,194	(200,169)	263,025	41,943
Net gains/(losses)	on investments			(note 2)			(487,760)	(3,050,684)	(3,538,444)	3,222,109
Net movement ln	funds						(24,566)	(3,250,853)	(3,275,419)	3,264,052
Total funds brought forward							4,275,699	26,766,868	31,042,567	27,778,515
Total funds carried forward							4,251,133	23,516,015	27,767,148	31,042,567

			2022	2021
Net cash (used)/generated from operating		activities	(620,954)	(681,621)
(note 1 below)
Cash flow from investing activities
Interest and similar income received			739,761	804,505
Proceeds from the sale ofinvestments			3,260,278	4,512,163
Proceeds from the sale ofproperty			82,009
Purchase of investments			(3,484,923)	(6,023,738)
Net change in cash and cash equivahrnts			(23,829)	(1,388,691)
Cash and cash equivalents at beginning		ofthe year	1,253,199	2,641,890
Cash and cash equivalents at end ofthe		year	1,229,370	1,253,199
Note 1
Net income/(expenditure) for the year			(3,275,419)	3,264,052
Adjustments for non-cash items:
Decrease/(increase) in trade and other debtors			(142,395)	(8,186)
Increase in trade and other creditors			80,186	89,127
(Gains)/losses on investment asset			3,608,444	(3,222,109)
(Gains)/losses on property (legacy income)			(70,000)
Gain on sale of property (legacy income)			(82,009)
Adjustments for investing or financing	activities.
Investment income			(683,756)	(745,837)
Interest income			(56,005)	(58,668)
Net cash generated from operating	activities		~626,966	~661,621

for	the year ended 31 December 202	the year ended 31 December 202	2	2
2	Gains on Revaluation &Disposal of		Investment		Assets
					Bursary	General
					Endowment	Bursary
					Fund	Fund	Total	Total
					2022	2022	2022f	2021
	Realised gains/(losses) on investment Unreaksed gains/(losses)		assets sold		487,760)	406,716 3457400	406,716 ~3045100	1,755,708 1,466,401
	Total net gains/(losses)				(487,760)	(3,050,684)	(3,538,444)	3,222,109
	Fixed Assets Investments
	Quoted Investments - General	Bursary	Fund
	Market value at 1 January 2022						27,285,536	23,427,430
	Additions						2,660,675	5,335,048
	Disposals						(3,260,016)	(4,454,588)
	Net realised gains (losses) Unrealised gains/(losses)						406,716 ~3.527.400	1,761,936 1,215,710
	Market value at 31 December	2022					23,565,511	27,285,536
	Quoted Investments - Bursary	Endowment		Fund
	Market value at 1 January 2022						3,890,031	3,014,453
	Additions						824,248	688,690
	Disposals Net reaksed gains (losses) Unreaksed gains/(losses)						(262) ~8, DD	(57,575) (6,228) 250,691
	Market value at 31 December	2022					4,226,257	3,890,031
	Investment Properties						180,000	110,000
							27,971,768	31,285,567

Debtors		2022 f	2021f
Legacies		138,701	5,000
Accrued investment	interest	28,569	25,746
Income tax recoverable		29,128	23,257
		196,398	54,003

4	Creditors:	amounts	amounts		falling due within	one year			2022	2021
									E	E
	Accruals								4,789	4,358
	Grants payable								1,580,000	1,487,000
	Other creditors								45,599	58,844
									1,630,388	1,550,202
5	Net Income	for the		year
	Net income	for	the year is stated a/ter charging						2022	2021
										E
	Auditor's renumeration								4,440	4,510
	Increase in	valuation			of property				70,000
	Proceeds from		the sale of property.						82,009
6	I/lovement	in	reserves				Bursary	General
							Endowment	Bursary
							Fund	Fund	Total	Total
							2022	2022	2022	2021
									E	E
	Net movement		in funds				(24,566)	(3,250,853)	(3,275,419)	3,264,052
	Total funds	brought		forward			4,275,699	26,766,868	31,042,567	27,778,515
	Total funds	carried forward					4,251,133	23,516,015	27,767,148	31,042,567
7	Analysis ofchanges				In net debt			At 1/1/2022	Cashflows	At 31/12/2022
	Cash at bank							799,488	(89,717)	709,771
	Short term Total	deposits						453,711 1,233,199	65,888 ~23.929	519,599 1.229,3 9