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2021-07-31-accounts

y
in trusts		 managed
by		 Sarasin investmen t
managers:-
2021 2020
E
Investment in unit trusts 18,896,173 17,378,984
Cash held for investment purposes 30,885 14,094
E18,927,058 E17,393,078
held in unit trusts include the fo held in unit trusts include the fo llowing asset allocations:-
Fixed Income 1,925,553 2,700,740
Equities 13,426,651 11,346,592
Property 1,262,777 919,605
Alternative Assets 1,764,853 1,815,746
Liquid Assets 547,225 596,301
E18,927,059 E17,378,984

Notes 2021 2020
FIXEDASSETS
Investments 7-9 23837033 22 303053
23,837,033 22/303,053
CURRENT ASSETS
Debtors 10 3,079 22,258
Cash at Bank 523 252 371 720
526,331 393,978
Creditors:
Amounts		 falling due
within one year 11 ~776 287 811899
Net Current Assets
(Liabilities)		 / (249,956) (417,921)
Total Assets less current
liabilities		 23,587,077 21,855,132
Creditors:
Amounts		 falling due
after one year 12 (820,792) (783,796)
TOTAL NET ASSETS 522 766 285 E21 101336
RESTRICTED FUNDS 13 2,320,461 2,026,927
CAPITAL FUNDS
Expendable
Endowment		 13,14 16,730,931 16,134,451
INCOME FUND
Unrestricted
General		 Fund 13 3 714893 2 939 958
TOTAL FUNDS 622,766,285 f21,101,336

CASH FLOWS FROM OPERATING ACTIVITIES CASH FLOWS FROM OPERATING ACTIVITIES Notes 2021 2020
E
Cash used by operations (933,407) (878,304)
CASH FLOWS FROM INVESTING ACTIVITIES
Investment
income received		 552,914 556,411
Proceeds from the sale of investments
Purchase of investments		 1,101,659
~552 843		 1,127,011
~642 DD9
1,101,730 1,040,613
Change
in cash and cash equivalents		 in the
reporting
period		 168,323 162,309
Cash and cash equivalents
at the beginning		 ofthe
reporting
period		 385814 223 505
Cash and cash equivalents
at the end		 ofthe
reporting
period		 55'I 137 385 814

2021 2020
E
Net (expenditure)/income for the reporting period (as per the Statement of 1,664,950 311101
Financial Activities)
Investment
income received		 (552,914) (556,411)
(Gains)/losses
in investments		 (excluding within cash balances) (2,066,005) (4497207)
Decrease in debtors 19,179 27,302
Increase in creditors 1383 68911
Net cash used by operations ~933 407 ~878 3D4

At 1August
2020s		 Cash flow At 31Iuly 2021
Cash at bank and in hand 371,720 151,532 523,252
Cash held by investment manager 14094 16791 30 885
385814 168323 554 137

NHLF VRFT VRFT TOTAL 2020
E
Donations I'I,539 I'I,539 13,238
Legacies 63930 63930 91 027
78469 78469 104 265
VESTME N T INCOME -----------2021------------
NHLF VRFT TOTAL 2020
f E E f
Income from listed investments 552,860 552,860 554,809
Interest on cash deposit 54 54 1602
552 914 552 914 556411
AISING FUNDS ------------2021--———————
NHLF VRFT TOTAL 2020
f f E f
Investment Management Fees 88,699 15,906 104,605 81,981
Advertising 1,605 1,605 1,605
Computer Support 1,105 1,105 331
Professional Fees
91"I09 15 906 107315 83 917

CHARITABLE ACTIVITIES CHARITABLE ACTIVITIES CHARITABLE ACTIVITIES
Direct Grants to NrlLI Faculty of Medicine Imperial college London 2021 2020
6 6
- Endowment Fund 700,000
- General Fund 209,437 628,837
- VRFT 350,000
Support Costs (see note 6) 15 687 16828
E925 124 E994865
SUPPORT COSTS
Payment to auditors: Audit fees 5,400 5,400
Secretarial costs 10,184 10,333
Repairs and maintenance
Bank Charges 103 295
E15687 E16D28

2021 2020
E E
(a) Quoted investments (at market value)
- NHLF 15,960,188 14,815,294
- Viscount Royston Fellowship Trust 2 935965 2 563690
18,896,173 17,378,984
Cash held for investment purposes
- NHLF 21,869 127057
- Viscount Royston Fellowship Trust 9016 2037
E18,927,058 E17,393,078

2021 2020
E
(b) Movements
in quoted
investments
Balance brought
forward at 1"August 2020		 17,378,984 17,413,979
Additions 552,843 642,809
Sale proceeds (1/101,659) (1,127,011)
Realised and unrealised gain/(loss)
- NHLF		 1,756,565 384,065
- VRFT 309440 65 142
Balance carried forward at 31"July 2021 18,896,173 17,378,984
Investments at Cost —NHLF E12,288,751 E12,579,143
Investment at Cost —VRFT Ei,817,128 E1,734,663
(c) Investments held comprise units in one unit trusts:
4,830,561 (2020: 5,135,210) - Sarasin Alpha Charity Fund 15/960,188 14,815,294
(Accumulation)
888,614(2020:888,614) - Sarasin Alpha Charity Fund 2,935,985 2/563/690
(Accumulation)
—VRFT
E18,896,173 E17,378,984
(d) The units held in unit trusts include the following asset aliocations:-
Fixed Income 1,925,553 2,700,740
Equities 13,426,651 11,346,592
Property 1,262,777 919,605
Alternative Investments 1,764,853 1,815,746
Liquid Assets 516 339 ~96 301
E18,896,173 E17,378,984
10. DEBTORS
Other Debtors 3079 22 256
E3,079 E22,258

The breakdown between funds of income and expenditure for the year ending 31"July 2020 was as follows:
----Unmstrlcted Funds ———
Unrestrlcted Restricted
general Endowment Viscount 2020
Fund Fund Royston Total
Fegowshlp
FundI
INCOME AND ENDOWMENTS
FROM!
Donations
and Legades
Voluntary
Income
Charitable
Activities		 104,265 104,265
Investment
Income
476939 79472
TOTAL INCOME 581 204 79472 660 676
EXPENDITURE ON:
Raising Funds 72,320 11,597 83,917
Charitable
Activities		 644 865 350000 994865
TOTAL RESOURCES EXPENDED 717185 361597 1078 782
Gain/(Loss)
on Investments		 104280 279 785 65 142 449 207
NET MOVEMENT IN FUNDS (31,701) 279,785 (216,983) 31,101
Fund Balances
at Ie August 2010 2971659 15854666 2 243910 21070 235
FUND BALANCES
AT 31wIULY 2020 12939958 516 134451 52 026927 621 101336

y
in trusts		 managed
by		 Sarasin investmen t
managers:-
2021 2020
E
Investment in unit trusts 18,896,173 17,378,984
Cash held for investment purposes 30,885 14,094
E18,927,058 E17,393,078
held in unit trusts include the fo held in unit trusts include the fo llowing asset allocations:-
Fixed Income 1,925,553 2,700,740
Equities 13,426,651 11,346,592
Property 1,262,777 919,605
Alternative Assets 1,764,853 1,815,746
Liquid Assets 547,225 596,301
E18,927,059 E17,378,984