2022-04-05-accounts

Trustees		Ms Leila Brown	Ms Leila Brown
		Mrs Mary-Anne	6ribbon
		Mr Tim Seymour
		Mr David Tennant		(Chairman)
		Mr Mark Sargeantson			(Appointed	22 March 2022)
Charity	number	1007600
Principal	address	Mrs Lisa Mills
		24Taylor Way
		Great Baddow
		Essex
		CM2 BZG
		United Kingdom
Auditor		HW Fisher l1P
		Acre House
		11-15William	Road
		London
		NW1 SER
		United Kingdom
Bankers		Handelsbanken
		Sherwood House
		5 Bluecoats Avenue
		Hartford
		SG141PB

			Page
Trustees'report			1-9
Statement of	Trustees'	responsibilities
Independent	auditor's	report	7-9
Statement of	financial	activities	10
Balance sheet
Statement of	cash flows		12
Notes to the financial		statements	13 - 20

The	Trustees who served during the year and up to the date ofsignature ofthe financial statements	Trustees who served during the year and up to the date ofsignature ofthe financial statements	were:
Ms	Leila Brown
Mrs	Mary-Anne Gribbon
Mr	Tim Seymour
Mr	Thomas Sheldon	(Resigned 22 March 2022)
Mrs	Amanda Taylor	(Resigned 4June 2022)
Mr	David Tennant (Chairman)
Mr	Mark Sargeantson	(Appointed 22 March 2022)

					Unrestdicted	Unrestricted
					funds	funds
					2022	2021
				Notes	6	6
Income from:
Investments					454,105	497,457
Total income					454,105	497,457
Charitable activities					845,323	1,058,291
Net Income/(expenditure)			forthe year		(391,21&)	(560,834)
Net gains/(losses)		on investments			593,850	5,808,418
Net movement	in funds				202,632	5,247,584
Fund balances	at	6April	2021		28,233,262	22,962,295
Fund balances	at	5April	2022		28,435,894	28,209,879

						2022		2021
					Notes	6		6
Fixed assets
Investments					10		27,724,788		27.471,832
Current assets
Debtors						24,319
Cash at bank and in		hand				772,051		805,590
						796,370		805,590
Creditors: amounts		faglng due within one year			12	(85,264)		(67,543)
Net current assets							711,106		738,047
Total assets less current			gabilgdes				28,435,894		28,209,879
Income funds
Dnrestdcted	funds						28,435,894		28,209,879
							28,435,894		28,209,879
The financial	statements		were approved	by the	Trustees on....5..'..1~..'.

						2022			2021
				Notes				f
Cash flows from operating	activities
Cash absorbed by operations				14			(851,921)			(1,035,075)
Investing activities
Cash withdrawn from/ (transferred		to)	investment
portfolio					818,382			795,603
Net cash generated from	investing	activities					818,382			795,603
Net cash used in financing	activities
Net decrease in cash and	cash equivalents						(33,539)			(239,472)
Cash and cash equivalents	at beginning		ofyear				805,590			1,045,062
Cash and cash equivalents	at end ofyear						772,051			805,590

			Welfare and	Welfare and
			education	education
			2022	2021
			f
Bank charges			840	1,009
Accountancy			15,025	22,728
Office expenses			643	227
Administrative	fees		30,865	29,733
Travel and subsistence			914	110
Insurance			483
Sundry expenses			194	128
Website costs				164
			48,964	54,099
Grant funding ofactivities (see note 5)			778,038	990,842
Share ofgovernance		costs (see note 6)	18,321	13,350
			845,323	1,058,291

5	Grants payable
						2022	2021
						E	E
	Grants to institutions:
	Ablestay					10,000
	African Gifted foundation					50,000
	Aldeburgh Cinema Trust					(24,319)
	Alexandra Education Committee					13,436	13,741
	Amathuba Foundation					27,046	10,122
	Children on the Edge					17,000	12,000
	Cirdan Sailing Trust					15,000	25,000
	Clifton Preparatory School					75,606	87,473
	Cordwalles Preparatory	School				81,397	89,210
	Ellen MacArthur Cancer	Trust				15,000	15,000
	Envision					10,000	10,000
	Fellowship Afloat						20,000
	Friends ofTsiba DK					14,895	24,175
	Green Light Trust					15,000	25,000
	Gresham College Trust					27,000	11,500
	Ikamva Youth					7,660	15,343
	Masiphumelele Trust						10,000
	National Youth Ballet					10,000	10,000
	Oriel College Development		Trust			91,707	116,417
	Physics Partners						65,000
	Pinotage Youth Development			Academy		8,362	13,300
	Pioneer Sailing Trust					15,000	15,000
	Practical Action					13,000
	Protec PMB					7,226	38,037
	Resurge Trust					10,500	5,000
	Seckford Foundation					11,887	11,783
	Suffolk Community Foundation					58,477	60,000
	The Island Trust					15,000	25,000
	The Sozo Foundation					35,982	41,725
	The Learning Trust					51,137	55,271
	The Vula Programme at	Hilton		College		33,615	48,161
	Western Cape Primary Science Programme				(PSP)	23,909	56,964
	Winston Churchill Memorial		Trust			10,000	10,633
	Wordworks					13,792	23,411
	Other grants less than E9,999					13,723	26,575
						778,038	990,841

6	Support costs	Support costs
			Support costs	Governance	2022	Supportcosts	Governance	2021
				costs			costs
			6	6
	Audit fees			18,321	18,321		11,520	11,520
				18,321	18,321		11,520	11,520
	Analysed between
	Charitable	activides		18,321	1&,321		13,350	13,350

		2022	2021
Revaluation	ofinvestments	577,876	5,777,982
Gain on sale	ofinvestments	15,974	30,436
		593,850	5,808,418

					investments	Cash in portfolio	Total
					E		E
	Cost orvaluation
	At 6April	2021			27,279,006	192,826	27,471,832
	Additions				84,975		84,975
	Valuation	changes			577,876		577,876
	Movement	in cash				(818,382)	(818,382)
	Dividends	and interest received				454,106	454,106
	Disposals				(344,026)	298,407	(45,619)
	At5 April	2022			27,597,831	126,957	27,724,788
	Carrying amount
	At05 April	2022			27,597,831	126,957	27,724,788
	At 05 April	2021			27,279,006	192,826	27,471,832
11	Debtors
						2022	2021
	Amounts	falling due	within one year:			E	E
	Other debtors					24,319
12	Creditors:	amounts	falling due within one year
						2022	2021
						E	E
	Grants payable					50,000	23,381
	Accruals and deferred			income		35,264	44,162
						85,264	67,543

14	Cash generated from operations	Cash generated from operations	Cash generated from operations	2022	2021
				6	6
	Surplus for the year			202,632	5,247,584
	Adjustments for.
	Investment income	recognised	in statement offinancial activities	(454,105)	(497,457)
	Gain on disposal of	investments		(15,974)	(30,436)
	Fair value gains and	losses on investments		(577,876)	(5,777,982)
	Movements in working capital:
	(Increase) in debtors			(24,319)
	Increase in creditors			17,721	23,216
	Cash absorbed by operations			(851,921)	(1,035,075)
15	Analysis ofchanges	in net funds
	The Foundation had	no debt during the year.