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2023-03-31-accounts

Page
Report ofthe Trustees 1 to 2
Independent
Examiner's
Report
Statement ofFinancial Activities
Ealance Sheet
Notes to the Financial Statements 6 to 12
Detailed Statement ofFinancial Activities 13

FORTHK YEAR EN DED 3 1 MARCH 202 3
31.3.23 31.3.22
Unrestricted Restricted Total Total
funds fund funds funds
Notes I f.
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 5,049 55049 1,050
Investment
income		 2 77,777 65102 835879 82,833
Total 82,826 6,102 88,928 83,883
EXPENDITURE ON
Charitable
activities
Gmnts 44483 59600 49,983 41,216
Support costs 1,888 15888 1,821
Total 46471 5,600 51,871 43,037
Net gains/(losses) on investments (42822) (18491) (60,613) 98,453
NET INCOME/(EXPENDING UI(K) (ooii/I (i/ aas/ (/Jigdc) l39,299
Transfers
between funds		 10 (7,500) 7,500
Net movement
in		 funds (139167) (10889) (23,556) 139,299
RECONCILIATION OFFUNDS
Total funds brought
forward		 959889 4,840,469 55799,858 5,660,559
TOTAL FUNDS CARRIED FORWARD 946$22 4,830,080 5,776402 5,799,858

BALANCESHEET
31MARCH 2023
31.3.23 31.3.22
Unrestricted Restricted Total Total
funds fund funds funds
Notes
FIXEDASSETS
Tangible assets 4,494475 4,494475 4,494,275
Investments 876,573 329,472 %06,045 1,259,158
8761573 4,823,747 5,700420 5,753,433
CURRENT ASSETS
Cash at bank 7241$ 6@33 781551 58,765
CREDITORS
Amounts
falling due within one year		 (2,569) (2)569) (10,320)
NET CURRENT ASSETS 69,649 6433 75,982 48,445
TOTAL ASSETSLESS CURRENT
LIABILITIES 946422 4,830,080 5,776402 5,801,878
CREDITORS
Amounts
falling due after more than one year		 9 (2,020)
NET ASSETS 946422 4,830,080 5,776402 5,799,858
FUNDS 10
Unrestricted
funds		 946022 959,389
Restricted funds 4,830,080 4,840,469
TOTALFUNDS 5,776802 5,799,858

INVESTMENT IN COME
31.3.23 31.3.22
Rents received 42400 42,300
Investment
dividends		 30,070 30,214
Equities investment fund 111509 10,319
83,879 82,833

There were no trustees' expenses paid for the year ended
COMPARATIVES FORTHESfATKMENT OFFIN		 31March 2023 nor for the y
ANCIAL ACI'IVITIKS		 ear ended 31M arch 2022.
Unrestricted Restricted Total
fundsI fund funds
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 1,050 1,050
Investment
income		 77,019 5,814 82,833
Total 78,069 5,814 83,883
EXPENDITURE ON
Charitable
activities
Grants 37,131 4,085 41,216
Support costs 1,821 1,821
Total 38,952 4,085 43,037
Net gains on investments 73,606 24,847 98,453
NKT INCOME 112,723 26,576 139,299
Transfers between funds (12,910) 12,910
Net movement
in funds		 99,813 39,486 139,299
RECONCILIATION OF FUNDS
Total funds brought forward 859,576 4,800,983 5,660,559
TOTAL FUNDS CARRIED FORWARD 959,389 4,840,469 5,799,858

TANGIBLE FIXEDASSETS
Freehold
property
6
COST
At I April 2022 and 31March 2023 4,494475
NKT BOOKVALUE
At 31March 2023 4)494475
At 31March 2022 4,494,275

FIXEDASSETINVESTMKNTS
Listed
investments
f.
I)II )) I )' ) Yl)
II
At I Apnt 2U22		 I)25/ )I80
Additions 7)500
Revaluations (60,613)
At 31March 2023 1406)045
NKT BOOKVALUE
At 31March 2023 IQ06,045
At31March 2022 1,259,158
UnfestIlcted Restricted
Fund Fund 2023 2022
6 6
COIF Income Units 730,982 221,439 952,421 983,820
COIF Pmperty Units
Equities Investment
Stocks and shares		 Fund for Charities 49,561
96,030
0		 0
108,033
0		 49,561
204,063
0		 57,993
217,345
0
876,573 329,472 1,206,045 1,259,158

31.3.23 31.3.22
Unrestricted Restricted Total Total
fund fund funds funds
f. f.
Ltoyds current account 72,192 5,257 77,449 57,683
COIF deposit accounts 26 1,076 1,102 1,0&2
Total 72,218 6,333 781551 5&,765

8. CREDITOR S: AMOUNTS FALLIN G DUK WITHIN ONE YEAR
31.3.23 31.3.22
Other creditors 1,889 1,980
Scholarships 680 &,340
21569 10,320
9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
Scholarships 2,020
10. MOVEMENP IN FUNDS
Net Transfers
movement between At
At 1.4.22 in funds funds 31.3.23
6 6 6
Unrestricted funds
Unrestricted fund 959889 (5$667) (7,500) 946322
Restricted funds
Restricted
fund		 4,&40,469 (17,889) 7,500 4,830,080
TOTAL 1$'UNDS 5,799,858 (23$556) 5,776402

Net movement
in funds, included
in		 the above are as follows:
Incoming Resources Gains and Movement
resources expended losses in funds
6 8 6
Unrestricted
funds
Unrestricted
fund		 82,826 (46471) (42422) (5,667)
Restricted funds
Restricted fund		 6,102 (5$600) (1&891) (17,889)
TOTAL FUNDS 881928 (51,871) (601613) (23,556)

Net Tmnsfers
movement between At
At 1.4.21 in funds funds 31.3.22
f. E
Unrestricted funds
Vumstricted fund 859,576 112,723 (12,910) 959,389
Restricted funds
Restricted fund 4,800,983 26,576 12,910 4,840,469
TOTAL FUNDS 5,660,559 139,299 5,799,858
Incoming Resources Gains and Movement
resources expended losses in funds
t
Unrestricted
funds
Unrestricted
fund		 78,069 (38,952) 73,606 112,723
Restricted fuads
Restricted fund 5,814 (4,085) 24,847 26,576
TOTAL FUNDS 83,883 (43,037) 98,453 139,299
A current y e ar 12 months and prior year 12months combined
posi		 tion is as follows:
Net Transfers
movement between At
At 1.4.21 in funds funds 31.3.23
8 f.
Unrestricted funds
Unrestricted fund 859,576 107,056 (20,410) 946,222
Restricted funds
Restricted fund 4,&00,983 8,687 20,410 4,830,080
TOTALFUNDS 5,660,559 115,743 5,776,302

Incoming Resources Gains and Movement
resources expended losses in funds
f,
Unrestricted
funds
Unrestricted
fund		 160,895 (85,223) 31,384 107,056
Restricted funds
Restricted fund 11,916 (9,685) 6,456 8,687
TOTAL FUNDS 172,811 (94,908) 37,840 115,743

DETAILED STATEMENT OFF ANCIAL ACTIVITIES
FORTHE YEARENDED 31MARCH 2023
31.3.23 31.3.22
INCOME AND ENDOWMENTS
Donations and legacies
Donations 5,049 1,050
Investment
income
Rents received 42400 42,300
Investment
dividends		 30,070 30,214
Equities investment
fund		 11,509 10,319
83,879 82,833
Total incoming resources 88,928 83,883
EXPENDITURE
Charitable
activities
Foundations
scholarships		 (6,680) (2,660)
Foundations
bursaries/prizes		 2,795 2,231
Payments to staffofLudlow College 5&600 4,085
Grants to college 36400 37,560
Student refectory 12,060
50,075 41,216
Support costs
Management
Professional
charges		 1,796 1,821
Total resources expended 51,871 43,037
Net income 37,057 40,846