2021-09-30-accounts

Index			Page
Trustees' Annual Report		1	-	3
Independent Examiner's	Report
Statement ofFinancial Activities		5	-	6
Balance Sheet
Notes to the Accounts		8	-	12

				2021	2021	2021	2020
				Endowment	Unrestricted	Total	Total
				Fund	Fund	Funds	Funds
			Note
Income and endowments	from:
Donations and legacies							48
Investment income					105,997	105,997	119,330
Total income					105,997	105,997	119,378
Expenditure on:
Charitable activities					(114,180)	(114,180)	(111,815)
Raising funds (investment	management	fees)			(12,020)	(12,020)	(12,138)
Total expenditure					(126,200)	(126,200)	(123,953)
Net expenditure before gains/(losses)					(20,203)	(20,203)	(4,575)
Net gain/(loss) on investments					54,402	54,402	(41,055)
Net loss on foreign currency	transactions						(211)
Net movement in funds					34,199	34,199	(45,841)
Reconciliation offunds:
Total funds brought forward				1,589,797	2,107,395	3,697,192	3,743,033
Total funds carried forward				f.1,589,797	f2,141,594	K3,731,391	K3,697,192

For the ear ended 30Se	tember 2020
				2020	2020	2020
				Endowment	Unrestricted	Total
				Fund	Fund	Funds
			Note
Income and endowments	from:
Donations and legacies				48		48
Investment income					119,330	119,330
Total income				48	119,330	119,378
Expenditure on:
Charitable activities					(111,815)	(111,815)
Raising funds (investment	management	fees)			(12,138)	(12,138)
Total expenditure					(123,953)	(123,953)
Net income/(expenditure)	before losses			48	(4,623)	(4,575)
Net loss on investments					(41,055)	(41,055)
Net loss on foreign currency	transactions				(211)	(211)
Net movement in funds					(45,889)	(45,841)
Reconciliation offunds:
Total funds brought forward				1,589,749	2,153,284	3,743,033
Total funds carried forward				K1,589,797	K2,107,395	K3,697,192

Fixed assets
Investments			3,431,825		2, 121,803
Current assets
Debtors				95,018
Cash at bank				1.488„411
		328„936		1„58).429
Creditors falling due within
one year	10	(19,370')
Net current assets			309,566		1.575,389
Creditors falling due aner
one year			(10,000)
Net assets					I:3.697.192
The funds ofthe charity
IEnlestl feted Fund			2.141.594		2.107,395
Endowment Fund			1„589,797		1,589,797
Total funds			K3,731.391		f.3,697,192

3	Investment income		2021	2020
	Investment income		103,070	104,359
	Interest on loans to West One Loans Ltd		1,855	6,638
	Interest on cash deposits		623	8,333
	Commission		449
	Total investment income		f.105,997	f.119,330
4	Expenditure on charitable	activities	2021	2020
	Grants awarded (see note 5)		110,550	109,200
	Governance costs (see note 6)		3,630	2,615
			F114,180	f111,815

Grants awarded	during the year:	2021	2020
Total charitable	grants awarded	110,550	109,200
		f110,550	F109,200
Analysis by category:		2021	2020
-Health and Welfare		107,050	83,200
-Education		3,500	26,000
		f110,550	$109,200

6	Governance costs	Governance costs		2021	2020
	Management	and administration
	Accountancy	fees		3,175	2,220
	Independent	examiner's	fee	425	300
	Bank charges			30	95
				$3,630	K2,615

8	Fixed asset investments	Fixed asset investments				Listed	Unlisted	Unlisted	Total	Total
						Investments	Investments		Investments	Investments
						2021	2021		2021	2020
	Values as at 1 October					2,012,484		109,319	2,121,803	2,213,699
	Additions to investments		at cost			1,344,937		20,509	1,365,446	161,907
	Disposal proceeds from		investments			(91,528)		(18,298)	(109,826)	(212,748)
	Realised and unrealised		gain/(loss)	on
	disposal ofinvestments					7,311			7,311	(8,789)
	Unrealised gain/(loss)	on revaluation			of
	investments					53,080		(5,989)	47,091	(32,266)
	Values at 30September		*			X3,326,284	f105,541		K3,431,825	K2,121,803
	' [see accounting policy note 1.10above for further details].
	Values at 30September		comprise:						2021	2020
			Listed Investments
			Rowan Dartington investment					portfolio	3,326,284	2,012,484
			Unlisted		Investments
			State		of	Israel Bonds
				(USD		89,580;2020:	USD	84,989)	65,298	69,076
			Pentagon			Sterling Multi	Strategy Fund		40,243	40,243
			Total						K3,431,825	X2,121,803
9	Current assets
	Debtors								2021	2020
	Loans to West One		Loans Ltd						4,597	75,000
	Accrued income								18,251	20,018
	Total debtors								f22,S48	f95,018

	Cash at bank		2021	2020
	Lloyds Bank		281,822	11,778
	Rowan Dartington		24,266	438,018
	Bank Leumi			1,038,615
	Total cash		$306,088	X1,488,411
10	Creditors falling due within one year		2021	2020
	Accountancy fees		5,395	4,440
	Independent examiner's	fee	725	600
	Investment management	fees	3,000	3,000
	Grants payable		10,250
			K19,370	K8,040
11	Creditors falling due after one year		2021	2020
			f.
	Grants payable		10,000
			f10,000