2022-12-31-accounts

		Page
Report of the Trustees		1to 6
Report ofthe Independent	Auditors	7 to 8
Statement oi' Financial Activit1es
Balance Sheet		10
Notes to the Financial Statements		11to 22

								2022	2021
					Unrestricted	Restricted	Endowment	Total funds	Total funds
					funds	fun cl	funds
				Notes	E	E	E	E	E
INCOME AND
ENDOWMENTS	FROM:
Charitable activities
Artefacts					19,267			19.267	15,630
Donations					75			75
Investment income					9,385	12	205,220	214,61.7	1.31.,505
Total					28,727	12	205,220	233,959	147,135
EXPENDITURE	ON:			4-7
Raising Funds
investment management			fees		377		9,111	9,488	25,966
Charitable activities
Donations					158,660			158.660	252.975
Other direct charitable			costs		9.243			9,243	9,220
5upport costs					7,009	260		7,269	8,670
Total					1,75.289	260	9,111	184,660	296,831
Net movement	on investments			7	l45,009)		l535,664)	(580,673)	547.343
NET (EXPENDITURE)l			INCOME		(191,571)	l248)	l339,555)	(531,374)	397,647
Transfers between		funds		15	198,900		(198,900)
Net movement	in funds				7,329	(248)	(538,455)	(531,374)	397,647
RECONCILIATION		OF	FUNDS
Total funds brought		forward			706.199	931	5,229,254	5,936,384	5,538,737
TOTAL FUNDS	CARRIED				713,528	683	4,690,799	5,405,010	5,936.384
FORWARD

At 31December 2	0	22
								2022	2021
				Unrestrictecl	ltestrictecl	Endowment		Total lunds	Total funds
				funcls	Icnlcl	iuncls
			Notes	E	E	C		E
FIXEDASSETS
The Mappa Mundi	encl I-listoric
Libraries aL nominal		value	10
All Saints Chained	Library at
IIominal value			11				1	1	1
Investnlents			12	394,108		n, oc)O,79	7	5,084,905	5,668,591
				394,108		4,690,799		5,084,907	5,668,593
CURRENT ASSETS
Debtors				10,66n				10,664	4,263
Cash at bank and in		hand		341,622	683			342,305	286,215
				352,286	683			352,969	290,478
CREDITORS
Amounts lailing clue		within one
year			14	(32,866)				(32,866)	(22,687)
NET CURRENT ASSETS				319,420	683			320,103	267,791
TOTAL ASSETS LESSCURRENT
LIABILITIES				713,528	683	4,690,799		5,405,010	5,936,384
NET ASSETS				733 2L3	683	4,690,799		5,405,010	5,936,383I
FUNDS			15
Uurestriclecl Iuncls Restrictecl funds								713,528 683	706,199 931
Enclowlrlent luncls								4,690,799	5229,2531
TOTAL FUNDS								5,405,010	5,936,884

				2022	2021
				E	E
Deposit account interest				945	37
Dividencls ancl interest	on	investments		213,672	131,46B
				214,617	131,505
Deposit Account Interest		Er Interest on	Investments
				2022	2021
				E	E
Unrestricted funds:
Central Boarcl of Finance		of the Church	ol' Engla»cl	933	37
				933	37
Restricted fund:
Central Boarcl of Finance		of the Church	of England	12
Endowment fund:
Schroders				34
				')79	37
INCOME FROM CHARITABLE ACTIVITIES
				2022	2021
Use of artefacts Folio Society Royalties		Activity Artefacts Folio Sociely Royalties		E 1'),267	f 15,630
				Tr),267	15,630

											Grant funding
										Direct costs	of activities	Total
											(See note 5)	2022
										E	E.	E
	Artefacts									9,243		9.243
	Donations										158,660	158,660
										9,243	158.660	167.903
											Grant funding
	Prior year cornporotive									Direct costs	of activities	Total
												2021
											(See note 5)
										E	E	E
	Artefacts									9.220		9.220
	Donations										252,975	252,975
										9,220	252,975	262,195
5.	GRANTS	PAYABLE
											2022	2021
											E	E
	Donations										158,660	252,975
	The total	grants		paid		to institutions			during the year were as follows:
											2022	2021
											E	E
	Chapter	- Library		salaries							37,926	38.490
	Chapter	—Mappa			Building			Plant Replacement			8,576
	Chapter	-Temporary				Exhibitions					14,451
	Chapter	—Humidity				Control						(1,145)
	Chapter	—Catalogue				Software					1,440
	Chapter	—Conservation					&	Book repairs			2,000
	Chapter	—Royalties									19,267	I5.630
	Chapter	- Property			Repairs						75,000	200,000
											158,660	252,975
6.	SUPPORT		COSTS
											2022	2021
											E	E
	Governance		costs								7,269	8,670

NET MOV	EME	NT ON I	NVESTMENTS
				2022	2021
				E	E
Net (loss)/gain		on investments		(580,673)	sn7,3&3
Inveslment	management		costs	(9,rl 88)	(25,966)
				(590,161)	521,377

					Unrestricted	Restricted	Endowment	Total funds
					funds	fund	full cls
				Notes
INCOME AND ENDOWMENTS
FROM
Charitable activities				3
Artefacts					15,630			15.630
Folio Society Royalties
Donations
Investment income					5,288		126.21.7	131,505
Total					20,918		126,217	147.135
EXPENDITURE ON				4-7
Raising Funds
Investment management			fees		1,022		24,944	25.966
Charitable activities
Donations					252,975			252,975
Other direct charitable		costs			9.220			9,220
Support costs					8.670			8.670
Total					271,887		24.944	296.831
Net movement on investments				7	41,775		505,568	547,343
NET (EXPENDITURE)/		INCOME			l209.194)		606,841	397,647
Transfers between	funds			15	199,178		(199,1.78)
Net movement in funds					(10.016)		407.663	397.647
RECONCILIATION	OF	FUNDS
Total funds brought	forward				716,215	931	4,821.591	5,538,737
TOTAL FUNDS CARRIED			FORWARD		706,199	931	5,229,254	5.936,384

			Cash and
		Listed	seltlemenls
		inveslrnents	pending	Tolals
		C	E	E
MARI&ET VALUE
Al 1January Adclitions	2022	5658 778	'7,813	5,668,5') 1
Disposals Revaluations Movenlorsl	on casll	(742) (580,673)	(2,271)	(762) (580,673) (2,271)
At 31December 2022		5,077,363	7 Srl2	5,08rf,905

12.	FIXED ASSET INVESTMENTS	FIXED ASSET INVESTMENTS	FIXED ASSET INVESTMENTS	FIXED ASSET INVESTMENTS	(continued)
	Structure	ofthe portfolio
						Market value
						2022	2021
							E
	Fixed interest securities
	Cazenove	Charity Responsible			Multi Asset Funcl	5,077,363	5,658,780
						5,077,363	5,658,780
13.	DEBTORS:AlvIOUNTS		FALLING DUE WITHIN ONE YEAR
						2022	2021
						E	E
	Other debtors					10,664	4,263
14.	CREDITORS: AMOUNTS			FALLING DUE WITHIN ONE YEAR
						2022	2021
						f	E
	Accruals	and deferred	income			32,866	22,687

						Nct nIovcl'ncnl'	TI'ansi'I'. I'5
					At 01.0'I 22	ln funcls	betweel1 Iullds	At 31,12,22
					C	C	E	E
Unrestricted	funds
General fund					444,947	(175,022)	207 040	476,965
Designatecl	- Investment		"I=ree Fund"		248,167	(14,896)	(8,140)	225,131
Designatecl	Funrl —Archaeology				13,085	(1,653)		11,432
					706,199	(191,571)	198,900	713,528
Restricted funds
Library l=unrl					931	(248)
Endowment	funds
The National	I-leritage	Memorial		Funcl
lnvestrnnlts					5,229,254	(339,555)	(198,I)00)	4,690,799
TOTALFUNDS					5,936,384	(531,37/I)		5,405,010
Net movement in funcls,			included	in the above are as follows:
					Income	Expcnrliturc	Gains Iuul	Movclrlcllt In
							losses	funds
							C	C
Unrestricted	funds
General fund Designate&I - Investment "Free Funcl" Designated Funrl —Archaeology					20,276 8,451	(173,260) (376) (1,653)	(22,038) (22,971)	(175,022) (14,896) (1,653)
					28,727	(175,289)	(rl5 009)	(191,571)
Restricted funds
Library Fund					12	(260)		(248)
Endowment	funds
Tho National	Heritage	Memorial		Funrl
Investments					205,220	(9,111)	(535,664)	(339555)
TOTAL FUNDS					233,959	(184,660)	(580,673)	(531,374)

						Net movement	Transfers	Transfers
					At 01.01.21	in funds	between	funds	At 31.12.21
					E	E		E	E
Unrestricted	funds
General fund					476,697	(230,928)	199,178		444.947
Designated	- Investment		"Free	Fund"	222,348	25,819			248,167
Designated	Fund —Archaeology				17,170	(4,085)			13,085
					7'16,215	(209.194)	199,1.78		706,199
Restricted funds
Library Fund					931				931
Endowment	funds
The National	Heritage	Memorial		Fund	4.821.591	606,841	(199,178)		5,229,254
investments
TOTAL FUNDS					5,538,737	397,647			5,936,384
Net movement in funds,			included	in the above are as follows:
					Income	Expenditure	Gains	and	Movement in
							losses		funds
								E	E
Unrestricted	funds
General fund					15,668	(266,780)		20.184	(230,928)
Designated Designated	- Investment "Free Fund" Fund —Archaeology				5.250 horn	(1.022) (4.085)		21,591	25,819 (4,085)
					20,918	(271,887)		41,775	(209,194)
Restricted funds
Library Fund
Endowment	funds
The National	Heritage	Memorial		Fund	126,217	(24.944)	505,568		606,841
Investments
TOTAL FUNDS					147.135	(296,831)	547.343		397.647

								Unapplied Total
							Endowment	Re&Upi	Total
At the beginning		ofthe reporting			period
Permanent Endowment							2,000,000		2,000,000
Unapplied Total	Return							3229 254	3,229,254
							2,000,000	3,229,254	5 229 254
Movements in the reporting				period
Investmenl return		- dividends		encl	interest			205,220	205,220
Inveslmenl return		-realised	encl unrealised
gahls F1(Losses)								(535,664)	(535664)
Less: Investment		managmnenl		cosls				(9,111)	(9,111)
Tolal movements								(339,555)	(339,555)
496 total return	paid to Unrestricted					funds		(198900)	(198900)
Net movement	in reporting			period				(538455)	(538,455)
							2,000,000	2,6'70,799	4,690,799

Endowed Fund	—Total Return	—Total Return		Year Ending 31.12.2021	Year Ending 31.12.2021
					Unapplied Total
				Endowment	Return	Total
At the beginning	ofthe reporting period
Permanent Endowment				2,000,000		2,000,000
Unapplied Total	Return				2,821,591	2,821,591
				2,000,000	2,821.591	4.821,591
Movements in the reporting		period
Investment return - dividends		and interest			126.217	126,217
Investment return -realised and unrealised
gains 6 llosses)					505,568	505,568
Less Investment	management	costs			(24,944)	(24.944)
Total movements					606.841	606,841
4N total return	paid to Unrestricted		funds		(199.178)	(199,178)
Net movement	in reporting	period			407.663	407.663
				2,000,000	3,229,254	5,229,254