||||Page| |---|---|---|---| |Charity Information|||| |Trustees' Report and Statement ofResponsibility|||2 —5| |Independent
Auditor's|Report||6 —9| |Statement ofFinancial|Activities||10| |Balance Sheet|||| |Notes to the Financial|Statements||12 —17| ||Information|for the Trustees|| |Distribution ofSurplus|Income||18| |Investment
Properties|||19| ## ||||Tellil|~Len
of| |---|---|---|---|---| |Ag~ointin
bo~d|||Commencement|T ella| |Hulme Trustees|||23 March 2023|4years| |Manchester
Grammar||School|20 September 2022|4years| |Brasenose College|||3November 2022|4years| |Brasenose College|||22March 2022|4years| |Hulme Trustees|||20 March 2020|4years| |Hulme Trustees|||14September 2021|4years| |Bury Grammar|School||24March 2022|3years| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Distribution|Total|31.12.22|31.1221| |---|---|---|---|---|---|---| |||Pmm|F3gttl|Fund|Totol|TotO| |Incoming Resources||||||| |Rents Received and Receivable||19||50494|50494|44,896| |Investment
Income||15||180,899|180,899|159,058| |Interest received
Other Income||||633
14tl0|633
~4|| |Total Incoming Resources||||233 26|233|2
54| |Resources Expended||||||| |Cost ofGenerating
Funds||||||| |Fund Management||||16,606|16,606|12,876| |Property Insurance
Property Management
fees||||(2,634)
972
~17 44|(2,634)
~72
17944|448
~50
~~4| |Charitable
Purposes||||||| |(2021 —Only Unrestricted
Interim Distribution
Proposed Final Distribution|Fund)|18
18|175,000
199(d)0(I
~K I)IL0||175,000
190000
65 000|180,000
~K
0000| |Governance
Costs||||||| |Management
Fees||||21,760|21,760|21,600| |Accounting
fees||||4/20|4,320|4,320| |Audit Fee||||6,744|6,744|4473| |Planning
Fee||||2468|2468|| |Trustee and Meeting Expenses||||696|696|| |Bank Charges and Interest||||114
~35
02|114
35902|77| |Other Expenses||||||| |Sinking Fund||16||170|170|170| |Total Expenses|||365 000|54016|419016|| |Net Expenditure|||~365000|~77
1|~35790|205 44| |Capital Transactions||||||| |Realised gains —Investments||||149,032|149,032|17,916| |Realised losses - Investments||||(9,483)|(9,483)|(159,907)| |Unrealised
Gains (losses) - Investments||||~3946 802|~3946 802|2 076 179| |Net Capital transactions||||(1,807453)|(1,807453)|1,934,188| |Transfer between Funds|||365 000|~16~5
93||| |Net Movement
in Funds||||~399 04|~3993043|1728 741| |Balances at 31December 2021||||16356,659|16356,659|14,627,918| |Balances at 31December 2022||||14,363,616|14/63,616|16356,659| ||||31.12.22|Total|31.1221| |---|---|---|---|---|---| ||||Total|Fund|Total| |Fixed Assets|||||| |Investment
Properties|19|2,930,101|2,930,101|2,930,101|2,930,101| |Quoted Investments|15|11,528,628|11,528,628|13,559,313|13,559313| |Unquoted
Investment|||||| |||74~4X228|14458729|~6489454|16489414| |Current Assets|||||| |Debtors|16|3,750|3,750|3,705|3,705| |Balance at Broker
Cash at Bank||100,934
21111
3n 7s8|100,934
~2
125 795|52,806
16779
~90|52,806
16779
~73 90| |Current Liabilities|||||| |Creditors|16|30,908|30,908|26,045|26,045| |Proposed Final Distribution||190,000|190,000|180,000|180,000| |||220,908|220,908|206,045|206,045| |Net Current Assets||(95,113)|(95,113)|(132,755)|(132,755)| |Total Assets Less Current|Liabilities|145363,616|14,363,616|16856,659|16,356,659| |Fund Balances||14,363,616|14,363,616|16356,659|16356,659| ## ## ## ## ## ## ## ## ||||x endable|Permanent|~Ttal~F| |---|---|---|---|---|---| ||||~End w109111||| |Preserved
value at|||||| |24December 1980||||2,094,612|| |Allowance|for inflation|||76 0996|| |Balance at|||||| |31December 2021|||6,831,062|9,525,597|16356,659| |Investment|Return|233426|||| |Investment|Gains (Losses)|139,549|||| |Revaluation|Gains|(1,946,802)|||| |Management
Governance|Costs
Costs|(17,944)
~6072|||| ||||(1,628,043)||(1,616,860)| |Application
Expenditure|to
Reserve||(365,000)||(365,000)| |Transfer to|allow for inflation||~42|~2K.224|| |Preserved
value at|||||| |31December 2022|||||| ||||31.1222|31.12.21| |---|---|---|---|---| |Financial assets measured at fair value through||the Statement||| |ofFinancial Activities:||||| |Investments
stated at market value|||14,458,729|16,489,414| |Financial assets that are debt instruments|measured at|||| |amortised cost:||||| |Cash at bank and cash equivalents|||21,111|16,779| |Balance at Broker|||100,934|52,806| |Rent in arrears|||3,750|3,705| |Financial liabilities at amortised cost:||||| |Grants committed||||12,583| |Accruals|||18,160|8,318| |Rents in advance|||375|4,125| ## |Related Party|Related Party|||Distribution|Distribution|Creditor|Creditor| |---|---|---|---|---|---|---|---| |||||2022|2021|2022|2021| ||||||g||| |Brasenose|College|||154,176|152,064|80756|76,032| |Manchester|University|||77,088|76,032|40,128|38,016| |William Hulme
Grammar|||School|64,059|63,182|33,346|31,591| |Manchester|Grammar|School||4,422|4,362|2,302|792| ## ## |||Market|Value|Cost| |---|---|---|---|---| |Opening Balance as at 01.0122||13,559,313||9,845,961| |Movement
in year||||| |Additions|||362,560|362,560| |Disposals at Market Value/Cost
Net unrealised
gains (loss) for year||(585,992)
~1807253||(444,969)| |Closing Balance as at 31.1222||||| |||Jdgt)t~ve|Income
31.1222
31.12.21|| |Fixed Interest|723,932|691,981|24,714|26,443| |UK Equities and Equity Funds|2,960,420|4,049,677|85,579|73,980| |Equity Investment
Instruments|808,967|1,026,774|25,090|13,383| |Global Equities and Equity Funds|3,939,763|4/74/94|16,955|19,715| |Property Funds and other Assets|122,517|127,074|18,764|20,998| |Multi Asset Funds|I 207 925|~222!28|9797|4539| ## |||||| |---|---|---|---|---| |4.DEBTORS|||1.12.22|31.12.21| |Rent in arrears|||3 75~|3785| |Total||||| |5.CREDITORS||||| ||||31.12.22|31.12.21| |Rent in advance|||375|4,125| |Accrued Broker's Fee|||4,000|4,117| |Accrued Audit Fee|||6,600|4,200| |Accrued Clerk Fees|||5,400|| |Accrued Accountancy||Fee|2,160|| |Sinking Fund|||1,190|1,020| |Grant to Chetham's
Distribution
Arrears|School||11 183|1,400
~73 38| |Total||||| ## ## ## |Fun
onciliati|n|||||| |---|---|---|---|---|---|---| ||Balance at|Incoming|Inflation|Resources|Investment|Balance
at 31| ||1stJanuary|Resources|Transfer|Expended|Gains|December| ||2021||||(Losses)|2021| |Expendable|5,770,942|203,954|(668,621)|(409,401)|1,934,188|6,831,062| |Endowment||||||| |Permanent|8,856,976||668,621|||9,525,597| |Endowment||||||| ||Balance at|Incoming|Inflation|Resources|Investment|Balance at 31| ||1stJanuary|Resources|Transfer|Expended|Gain|December| ||2022||||(Losses)|2022| |Expendable||||||| |Endowment|6,831,062|233426|(1380474)|(419,016)|(1,807/53)|3,557,745| |Permanent|9,525,597||1/80+74|||10,805,871| |Endowment||||||| ## |||||||||||||CD|| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||||||||OC|| ||||||||||Ct||CD||| ||||||||||CO||CO||| |Cl|||||||||||Cl||OO| |O|||||||||||Ct|OO|| ||||||||||||OO||| |O|||||||||||||| |CO|||||||||||||| |||||||||||||ID|| |||||||||||||OC|| |||||||||||||CD|| |||||||||||||OV|Cl| |EU|Cl
Ct||||||||||||| |Ol|||||||||||||| ||||~O||||||||||| ||||CO||||||||||| ||||||||||||||CD| ||||||||||||||LO| |||||||||||||OC|| |0|||||||||||||OC| ||||||||||||||CD| |CO|||||||||||||| ||CD||||CO|ICC|CCt|C
O|tD
IO|Ol
cn|CD
CD||Cl| ||||||Ol|OC|OC|OO|||||CD| ||||||||||||||Ol| |||gO|yO|gO|||||||||| |||COt|||||||||||| |||||O0|||||||||| |||||O|||||||||| ||0
0
O
~O|O
OO
Cl
0
O
0
Cl|O
'2
D
I
OC|C/ta
0
0
U|||0
CCt
O|U4
~O
M
O
Ol
CO|M
U
Cl
O
al|0
O
O
M|0
CO
Q|OO
COa
C4|0
4| |||~t
~6. 0.79
~5|V~
V5'
M
02022|V~
V5'
M
02022|MV
llltii0Mlt
M~02 21|MV
llltii0Mlt
M~02 21|)gee mmee
31.1222|~Inc me
31.12.21| |---|---|---|---|---|---|---|---|---| |EatJ~||||||||| |Bottom Fen Faun, Aslackby,||||||||| |Lincolnshire||||1,150,000||1,150,000|16350|17,562| |||388,468||||||| |Mill Farm, Gosbetton,|Lincolnshire )|||500,000||500,000|7,100|7,100| |Lincolnshire
Estates||388,468||1,650,000||1,650,000|23,350|24,662| |Brookfold Farmhouse
and Buildings,
Harwootk
Lancashire
Land adjacent to 22 Brookfold Lane
Orange Mast at Brookfold Farm||88,000 *|1435,000
30,000
~000|||1435,000
30,000
15000|15,000
1,750
~75|15,000
1,750
~75| |Harwood Estate||88 000
~44|~12 QQQQ
2 93tl 000||~2JEQQQ
2930000||~1|~44 7 7| |310/318 Manchester
Road,||||||||| |Heaton Chapel||100 *||100||100||| |KaX)gtt888;||||||||| |Sundry BT,United Utilities, E-On||||||||| |Oldham MBC, Anglian|Water|||||I|109|109| |||101||101||101|~1|~t| |||~47
5||2 930.101||2 930 101|50 294|44 896|