2021-12-31-accounts - The Jordan Charitable Foundation

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	Page	Unrestricted	Unrestricted	Funds
		2021		2020
		E		E
Income and endowments from:
Donations and legacies (note 2)	14	23,139,448		1,579,683
Investment income (note 4)	15	3,542,908		1,942,570
Other		1,393		3,425
Total income		26,683,749		3,525,678
Expenditure on:
Cost of raising funds (note 8)	16	575,088		375,306
Charitable activities (note 10)	17-18	9,511,407		7,050,019
Total expenditure		10086495		7425 325
Net gains on investments (note 3)	14	6,755,110		17,770,791
Net Income		23,352,364		13,871,144
Other recognised (losses)/gains
Gains / (Losses) on foreign currency transactions		143,343		(160,592)
Net movement in Funds		23,495,707		13,710,552
Total funds brought forward at 1 January 2021		142,186,196	128,475,644
Total funds carried forward at 31 December 2021		6165,681,903	2142,186,196

				Page	2021	2020
						K
Net Cash flow from Operating Activities
Net incoming resources before gains					23,495,707	13,710,552
Less investment income Less deposit interest					(3,541,658) (926)	(1,918,109) (27,886)
(Increase) in debtors Increase in creditors					(228,919) 4,146,704	(774,712) 4,299,478
Net gain on investment assets					(6,755,110)	(17,770,791)
Net loss on foreign exchange					(143,343)	160,592
Net cash outflow from operating activities					16,972,455	(2,320,876)
Returns on investments and servicing offinance
Investment income					3,541,658	1,918,109
Deposit interest					926	27,886
Capital expenditure and financial	investments
Purchase of investments Proceeds from sale of investments					(44,224,632) 25,414,316	(41,845,945) 43,687,629
Increase in cash in the period					F 1,704,723	F 1,466,803
Reconciliation ofnet cash flow to	movement		in net funds
Net cash resources at 1 January 2021					14,563,164	13,256,953
Increase/(decrease) in cash					1,704,723	1,466,803
Foreign exchange movements					143,343	(160,592)
Cash and Cash Equivalents at 31	December		2021		616,411,230	614,563,164
Cash and Cash Equivalents Consists		of:
Cash at bank and in hand (note 6) Cash held with investments managers		(note 3)		15 14	8,358,880 8,052,350	9,942,858 4,620,306
Cash and Cash Equivalents at 31	December		2021		F16,411,230	214,563,164

FOR THE YEAR TO	31 DECEM	BER 2021
FIXEDASSETS (continued)
Location ofinvestment assets and cash		Page	2021 f		2020 f
Investment assets and cash held within the United	Kingdom		37,463,771	34,178,657
Investment assets and cash held outside the United	Kingdom		132,716,945	107,004,589
			f170,180,716	f141,183,246
INVESTMENT INCOME
Quoted investments			3,535,835		1,916,349
Accrued interest received on fixed interest stocks Interest on cash deposits			6,147 926		(1,665) 27,886
		9	f 3,542,908	f	1,942,570
DEBTORS
Estate proceeds held for the benefit ofthe Foundation			959,685		741,035
Income in course of collection			57,157
Recoverable foreign tax deductions			15,250		26,850
Trustee insurance prepayment			3,082
Investment purchases in course of collection					38,370
		10	f 1,035,174	f	806,255
CASH AT BANK
Coutts &Co - USD Current Account			4,387,544		3,952,096
Coutts &Co - GBP Current Account C. Hoare 8 Co. - USD Account C.Hoare &Co. - GBPAccount			1,340,260 2,590,098 14,365		3,390,804 2,563,915 14,785
Bessemer Trust Company USD Income Account			16,667		8,549
The Bank of New York Mellon GBP Income Account			9,497		12,260
Barclays Bank Pic GBP Current Account			449		449
		10	f 8,358,880	f	9,942,858

					Page	2021		2020
						F		6
CREDITORS - Amounts	falling due within		one year
Donation commitments						5,592,596		3,840,576
Investment management	fees					119,082		84,697
Accountancy and secretarial fees						38,400		88,200
Audit fees						14,400		14,400
Safe custody fees						6,680		2,641
					10	E 5,771,158	E	4,030,514
CREDITORS - Amounts	falling due more		than one	year
Donation commitments					10	F.8,121,709	F	5,715,649
COST OF RAISING FUNDS
Investment management	and performance		monitoring	fees		499,260		372,938
Non-recoverable tax on Custodian fees	investment	income				62,192 13,186		(11,580) 13,548
Bank charges						450		400
					9	F- 575,088	E	375,306


CHARITABLE ACTIVI	TIES			Registered
				Charity No.	2021	2020
UNITED KINGDOM					E	E
Harris Federation					4,260,000	340,000
Sutton Trust				1146244	1,000,000
Teach First				1098294	1,000,000
The Prince's Trust				1079675	999,999
IntoUniversity				1118525	1,575,000	1,500,000
The Queen Elizabeth Scholarship		Trust (QEST)		1152032	300,000
Next Step Foundation				1191176	90,000
Brockhampton Cricket	Club CIO			1162136	30,000
County Air Ambulance	Trust			1057063	20,000	20,000
Helmsdale Golf Club					20,000
Now Teach				1189146	20,000
Age UK Hereford and Localities				1093512	10,000	10,000
British Disabled Angling St Michael's Hospice	Association			1074729 511179	10,000 10,000	10,000 10,000
Wye 8 USK Foundation				1080319	10,000	10,000
Herefordshire RDA				1100675	8,195	90,593
Sutherland Schools Pipe Band, Golspie				SC015660	8,000	8,000
Angling Trust					5,000	5,000
Atlantic Salmon Trust				252742	5,000	5,000
Herefordshire Growing	Point			1006625	5,000	5,000
Loth Helmsdale Flower	Show Society			SC029615	4,000	2,000
NMITE				1176550		3,094,945
Wildfowl &Wetlands Trust				1030884		1,440,000
Missing Salmon Alliance						150,000
Herefordshire Headway				1092578		100,000
The PCC of Hentland and Hoarwithy						38,522
Borana Conservancy Ltd - Borana		Rangelands	School			22,026
The Special Air Service	Regimental	Association		254393		15,000
Less:
Adjustments to prior year donations Discount factor 2% per annum					(136,481)	(14,100) (45,447)
Total grants awarded					9253713	6816539

	FOR THE	FOR THE	FOR THE	YE	AR	TO	31 D	EC	EMB	ER 2021
10.	CHARITABLE ACTIVITIES (continued)									Page
												2021		2020
	UNITED KINGDOM (continued]											8		E
	Governance Costs
	Accountancy, administrative and secretarial fees											226,200		217,200
	Legal fees											14,904
	Audit fees											14,400		14,400
	Trustees insurance fees											2,190		1,880
												257,694		233,480
	Total cost ofgrant making									9	F	9,511,407	E 7,050,019
	Xeinadin Audit Limited, the Charity's		auditors,			received		no	remuneration		in respect of non-audit			services.
	SUMMARY OF TOTAL DONATIONS		SINCE			INCEPTION			ON	5 DECEMBER		1995		E
	Period 5 December 1995to 31	December			2020								30,013,994
	Year to 31 December 2021												9,253,713
													E39,267,707
11.	RELATED PARTY TRANSACTIONS
	No Trustee received any remuneration			during		the	year	to	31 December		2021.
12.	FINANCIAL INSTRUMENTS									Page		2021		2020
												E		E
	The carry amounts ofthe Trust's financial				instruments			are	as follows:
	Financial assets
	Measured at fair value through	SOFA:
	-Fixed asset quoted investments									14	162,128,366		136,562,940
	-Cash under management									14		8,052,350	4,620,306
	-Cash at bank and in hand									15		8,358,880	9,942,858
	-Measured at amortised costs									15		1,035,174		806,255
	Financial liabilities
	Measured at amortised cost
	-Creditors									16	13,892,867		9,746,163
	The net gains attributable to the Trust's			financial			instruments
	are summarised as follows:
	Income and expense
	Measured at fair value through	SOFA:
	-Net gains (including changes in fair		value)							14		6,755,110	17,770,791