#
##
#
##
##
##
##
##
##
##
##
|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|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##