||`Page`|
|---|---|
|`Trustees’report`|`1`|
|`Trustees’responsibilitiesstatement`|`4`|
|`Independentauditor’sreport`|`5`|
|`Statementoffinancialactivities`|`8`|
|`Balancesheet`|`9`|
|`Notestothefinancialstatements`|`10`|





## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 




## 

## 

## 

## 



## 

## 

## 

## 




## Saffery Champness LLP, Statutory Auditor 

## 16 February 2023 



||`Note`|`2022`|`2021`||
|---|---|---|---|---|
|||`£`|`£`||
|`Incomingresources`|||||
|`Donationincome`||`-`||`-`|
|`Investmentincome`|`2`|<br>`171,650`|<br>`155,588`|<br>|
|`Totalincomingresources`||<br> <br>`171,650`|<br> <br>`155,588`|<br> <br>|
|`Expenditure`|||||
|`Costofraisingfunds:`|||||
|`Fundraisingcosts`||`(20,848)`|`(26,190)`||
|`Expenditureonothercharitableactivities:`|||||
|`Donations`||`(236,755)`|`(117,000)`||
|`Administrationcosts`||<br>`(8,033)`||<br>`-`|
|`Totalresourcesexpended`|`3`|<br> <br>`(265,636)`|<br> <br>`(143,190)`|<br> <br>|
|`Netincoming/ (outgoing)resourcesbeforeotherrecognised`|||||
|`gainsandlosses`||<br>`(93,986)`|<br>`12,398`|<br>|
|`Gainsandlosses`|||||
|`Realisedgain/ (loss)oninvestmentassets`||`86,996`|`149,135`||
|`Unrealisedgain/ (loss)oninvestmentassets`|`5`|<br>`(421,136)`|<br>`801,934`|<br>|
|`Netmovementinfunds`||<br>`(428,126)`|<br>`963,467`|<br>|
|`Totalfundsbroughtforward`||<br>`5,985,401`|<br>`5,021,934`|<br>|
|`TOTALFUNDSCARRIEDFORWARD`|`10`|<br>`5,557,275`<br>|<br>`5,985,401`<br>|<br> <br>|
|`Alltheactivitiesderivefromcontinuingoperations.`|||||
|`Allincomeandexpenditureisunrestricted.`|||||





||`Note`||`2022`||`2021`|
|---|---|---|---|---|---|
||||`£`||`£`|
|`FIXEDASSETS`||||||
|`Investments`|`5`||`4,812,536`||`5,249,323`|
|`Debtorsaftermorethanoneyear`|`6`||`685,419`||`584,250`|
|`CURRENTASSETS`||||||
|`Debtorsduewithinoneyear`|`7`|`43,244`||`51,234`||
|`Cashatbank`|`8`|`23,996`||`108,514`||
|`CURRENTLIABILITIES`||||||
|`Creditorsduewithinoneyear`|`9`|`(7,920)`||`(7,920)`||
||||`59,320`||`151,828`|
|`TOTALNETASSETS`|||`5,557,275`||`5,985,401`|
|`Representedby:`||||||
|`UNRESTRICTEDFUNDS`|`10`||`5,557,275`||`5,985,401`|






## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

|`Investmentincome`|||
|---|---|---|
||`2022`|`2021`|
||`£`|`£`|
|<br>`Bankinterestreceived`|<br>`14`|<br>`4`|
|`Loaninterestreceived`|`26,169`|`10,750`|
|`Incomefrominvestments`|`145,467`|`144,834`|
|<br>|<br>`171,650`<br>|<br>`155,588`<br>|



## 

## 



## 

|||`2022`|`2022`|`2022`|<br>`2022`|<br>`2022`||`2021`||`2021`<br>`2021`|
|---|---|---|---|---|---|---|---|---|---|---|
||`Investment`|||`Securitiesand`|<br>`Total`||`Investment`||`Securitiesand`<br>`Total`||
||`properties`|||`other`|||`properties`|||`other`|
|||||`investments`|||||`investments`||
|`Marketvalue`|||`£`|`£`||`£`||`£`||`£`<br>`fe`|
|<br>`At1 August`|<br>`351,468`|||<br>`4,897,855`|<br> <br>`5,249,323`||<br>`351,468`||<br>`3,876,150`<br>`4,227,618`||
|`Additions`|||`-`|`193,778`|<br>`193,779`|||`-`|`831,623`<br>`831,623`||
|`Transfer`|||`-`||`-`|`-`||`-`||`-`<br>`-`|
|`Disposals`|||`-`|`(209,430)`|<br>`(209,430)`|||`-`|`(611,852)`<br>`(611,852)`||
|`Revaluation`|||`-`|`(421,136)`|<br>`(421,136)`|||`.`|`801,934`<br>`801,934`||
|<br>|<br>`351,468`<br>||<br> <br>|<br>`4,461,067`<br>|<br> <br>`4,812,536`<br>||<br>`351,468`<br>||<br>`4,897,855`<br>`5,249,323`<br>||
|`TheinvestmentpropertyisinSpain`||`and`|`iscurrentlybeing`||`marketedfor`|`sale.`|`Itisstatedatitsexpectedrealisable`||||
|`value.`|||||||||||
|`Investmentswith`|<br>`amarketvalue`|`of£4,461,067(2021:`|||`£4,897,855)`|`aremanaged`||<br>`onbehalfof`||`theHilborne`|
|`FoundationbyEvelynPartners.The`||`portfolioisspreadacrossdistinctclassesofinvestmentas`|||||||`follows:`||
|||||||||`2022`||`2021`|
|||||||||`£`||`£`|
|<br>`UKListedEquity`|||||||<br>`1,476,713`||<br>|<br>`1,627,132`|
|`UKAlternativeInvestmentsMarket`||||||||`152,815`||`204,188`|
|`UKFixedInterest`||||||||`247,836`||`310,153`|
|`OverseasListed`|`Equity`||||||`1,096,502`|||`1,918,980`|
|`MultiAsset`||||||||`95,498`||`95,384`|
|`OverseasFixedInterest`||||||||`165,192`||`158,793`|
|`Property`||||||||`596,168`||`583,225`|
|`GloballistedEquity`||||||||`630,343`||`-`|
|<br> <br>`Marketvalueat`|<br> <br>`31July`|<br>|<br>|<br>|<br>|<br>|<br> <br>`4,461,067`||<br> <br>|<br> <br>`4,897,855`|



|||`2022`|`2021`|
|---|---|---|---|
|||`£`|`£`|
|<br>`Loan`<br>|<br>`repayable`<br>|<br>`685,419`<br>|<br>`584,250`<br>|





## 

|`Debtorsduewithinoneyear`||||
|---|---|---|---|
||`2022`||`2021`|
||`£`||`£`|
|<br>`Accruedinvestmentincome`|<br>`43,244`|<br>|<br>`51,134`|
|`Otherdebtors`||`-`|`100`|
|<br> <br>`Debtors`|<br> <br>`43,244`|<br> <br>|<br> <br>`51,234`|
|`Cash`||||
||`2022`||`2021`|
||`£`||`£`|
|<br> <br>`Bankdeposits`|<br> <br>`23,996`|<br> <br>|<br> <br>`108,514`|
|`Creditorsduewithinoneyear`||||
||`2022`||`2021`|
||`£`||`£`|
|<br>`Accruals`<br>|<br>`7,920`<br>|<br> <br>|<br>`7,920`<br>|



## 

|||`Balanceat`|`Income`|`Expenditure`|`Investment`|`Balanceat`|
|---|---|---|---|---|---|---|
||`1`|`August2021`|||`asset`|`31July2022`|
||||||`gain/(loss)`||
|||`£`|`£`|`£`|`£`|`£`|
|<br>`Unrestrictedfunds`<br>|<br>|<br>`5,985,401`<br>|<br>`171,650`<br>|<br>`(265,636)`<br>|<br>`(334,140)`<br>|<br>`5,557,275`<br>|



## 

##