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|||Page|
|---|---|---|
|Tmstees' report||1-4|
|Statement oftrustees'|responsibilifies||
|Independent<br>auditor's|report||
|Statement offinancial|activities||
|Balance sheet||10|
|Notes to the financial|statements|11-17|





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|The trustees who served during the year and|up tothe date ofsignature|ofthe financial statements|were:|
|---|---|---|---|
|CMR Can||||
|RWCarter||||
|Air Cdre CRFowler|(Resigaed|10January 2022)||
|BC Turner - Master 2022||||
|M1Gunston|(Resigned|10January 2022)||
|13WUtting DL|(Appointed|3Ctctober 2022)||
|AMBdgcumbe|(Appointed|10January 2022)||
|JRay|(Appointed|10January 2023)||
|TMacAndrews|(Appointed|10January 2023)||



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|||Unrestricted|I/nrestrtcmd|
|---|---|---|---|
|I~|Notes|fends<br>2022|fends<br>2021<br>f|
|I)onations and legacies||33275|38,526|
|Charitable activities||5,556|8,583|
|Investments||36217|36,728|
|||75,048|83,837|
|||13,921|11,278|
|Charitable<br>activities||75/OI|92,976|
|Total expenditure||89,122|104,254|
|Net gains/(losses)<br>on investments|11|(217„875)|126,444|
|Net movement in funds||(231,949)|106,027|
|Fund balances at I Ianuary 2022||1,755,295|1,649268|
|Fund btdances at31December 2022||1,523,346|1,755,295|
|The statement offmancial activities Includes aII gains and tosses recognised in the year.||||





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|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||2022||
|||8||
|Donations|and gifis|33475|38349|
|legacies|nxcivable||177|
|||33,275|38,526|



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|||Charitable|Charitable|
|---|---|---|---|
|||Income|lncame|
|||pleading 1|pleading 1|
|||2022|2021|
||||0|
|Rvent|income|M56|8,583|





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|5|Investments|||
|---|---|---|---|
|||Unrestricted|Unrestricted|
|||feeds|fends|
|||2022|2021|
||income &om listed ievesunents|36,183|36,716|
||interest receivable|34|12|
|||36417|36,728|



|||Ummtricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|d!oIIr||2022|2021<br>8|
|Other fuudraising|costs|3,517|775|
|agnL||10&404|10,503|
|||13,921|11/78|



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||||Provhdon of|Provision of|
|---|---|---|---|---|
||||grants|grants|
||||2022|2021|
||||f,|f.|
|Omm|funding ofacdvtties (scenote 8)||52,732|80,976|
|Share|ofsupport costs (soe note 9)||15,113|12,000|
|Share|ofgovernance|costs (see note 9)|7256||
||||75201|92,976|





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||||||||||||Provision of|Pmvision of|Pmvision of|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||greats||gmms|
||||||||||||2022||2021|
||||||||||||f.||f|
||||||||||||52,732||80,976|
||||||||||||52,732||80,976|
|Support costs||||||||||||||
||||Support||costs|Gevernanes||2022 Support||costs|Governance||2021|
|~t fees||||12,00D|||costaf|f<br>12,000|f<br>12,000||COStS<br>f||12,000|
|Repairs and||renewals|||3,1D3|||3,1D3||||||
|Bank charges|||||10|||10||||||
|Audit fees|||||||7,356|7,356||||||
|||||15,113|||7,356|22,469|12,000|||||
|Analysed between||||||||||||||
|Charitable|activities|||15,113|||7,356|22,469|12,lNO||||12,000|
|Governance||costs|include payments|to the auditors|||off7,356(The fees off2,500 were paid||||by the Livery|Company<br>for||
|the year ended 31|||December 2021)for audit fees.|||||||||||
|Trustees||||||||||||||
|None ofthe trustees (or any persons||||connected with|||them) received any remuneration|||orbeneDts from the||chmtty|during|
|the year.||||||||||||||
|Net gains/(tosses)|||on tnveshnents|||||||||||
||||||||||||Unrestricted|Unrestricted||
||||||||||||funds||funds|
||||||||||||2022||2021|
||||||||||||f|||
|Revaluation||ofinvestments|||||||||(215,482)||50,850|
|Gain/(toss)||on sale ofinveshnents|||||||||(2393)||75,594|
||||||||||||(217,875)||126,444|



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|||Listed|Cash in|Total|
|---|---|---|---|---|
|||iavestm eats|portfego||
|||f|||
|Cost or valuation|||||
|At 1 January 2022||1,646,599|53,778|1,700,377|
|Additions||125,541||125,541|
|Valuation<br>changes||(215,482)||(215,482)|
|Cash movements|||11,712|11,712|
|Disposals||(165,916)||(165,916)|
|At31December 2022||1,390,742|65,490|1,456,232|
|Carrying<br>amount|||||
|At 31December 2022||1,390,742|65,490|1,456232|
|At 31December 2021||1~,599|53,778|1,700377|
|Kstoricat cost|||||
|At 31December2022: f1,300,425<br>At 31December 2021:f1@12„609|||||
|Investments<br>that hsd avalue of5A,ormore ofthe marhet value held atyear end are:|||||
|Dodge 41Cox Worldwide|—f79,255||||
|Revaluation<br>reserves off90,317(2021:f334.020)are||included in the unrestricted<br>fund|||



|14|Debtors||||
|---|---|---|---|---|
||Amounts<br>falling due within one year:||||
||Other debtors||17,415|18,182|
||prepayments|snd accrued income|216|3,000|
||||17,631|21,182|





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|15|Creditors: amounts|falling|dae within one|dae within one|year|||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2022||
||||||||Notes|||
||Deferred income||||||16|50,885|31&350|
||Accruats and deferred income|||||||6,134|15,318|
|||||||||57,019|46,668|
|16|lleferred mcome|||||||||
|||||||||2022|2021|
|||||||||8||
||Arising fmm 400th|Anniversary||Appeal||||50,885|31,350|
||Deferred income is|included|in tbe fmsncinl||statements|as follows:||||
||||||||||2021|
||||||||||0|
||Deferred income is|included|within:|||||||
||Current liabilities|||||||50,885|31,350|
||Movements<br>in the year.|||||||||
||Defened income at|1 January|2022|||||31,350||
||Released fmm previous periods|||||||(31&350)||
||Resources deferred|in the year||||||50,885|31,350|
||Deferred incrsne at|31December 2022||||||50,885|31.350|



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