2022-03-31-accounts

I	Reference and Administrative Details
2	Structure, Governance and Management.	....
3	Objectives and Activities. .
4	Achievements and Performance: Year ended 31stMarch 2022..
5	Financial Review.		.3
6	Plans for Future Periods. .		.4
7	Independent Auditor's Report to the Trustees ofBedfont Lakes Trust Fund .....
8	Statement ofFinancial Activities. ..		.9
9	Balance Sheet as at31"March 2022		.10
10	Notes to the Financial Statements. .

1 Reference and Admi	nistrative Details	nistrative Details
TRUSTEE:	The Mayor and Burgesses ofthe London Borough of
	Hounslow
ADDRESS:	Hounslow House
	7 Bath Road
	Hounslow
	TW3 3EB
REGISTERED CHARITY NO.:	1053137
SOLICITOR:	Assistant Director Corporate Governance
	London Borough	of Hounslow
	Hounslow House
	7 Bath Road
	Hounslow
	TW3 3EB
TREASURER:	Director of Finance and Corporate Services
	London Borough	of Hounslow
	Hounslow House
	7 Bath Road
	Hounslow
	TW3 3EB
AUDITORS:	Clemence Hoar Cummings
	1 —5 Coma Street
	Romford
	Essex
	RM7 7DN
BANKERS:	NatWest Bank
	275 - 277 High Street
	Hounslow
	TW3 1ZA
FUND MANAGERS:	Schroder &Co
	31 Gresham Street
	London
	EC2V 7QA
INTERNAL AUDITORS:	Head of Internal	Audit
	London Borough	of Hounslow
	Hounslow House
	7 Bath Road
	Hounslow
	TW3 3EB

9 Statement	of	Financial	Ac	tivities	tivities
			Note s	Unrestricted Fund		Restricted Fund	Total 2021/22 Total	2020/21
				E
income from:
investment Income					134,718	58,822	193,540	177,773
Other Incoming Resources					0	0	0	0
Total Incoming					134,718	58,822	193,540	177,773
Expenditure on:
investment management		costs			31,313	10,281	41,594	45,030
Charitable Activities					144,164	47,336	191,500	191,507
Charitable Support Costs					3,670	1,205	4,675	5,458
Total Expenditure					179,147	58,822	237,969	241,995
Net Incoming/(Outgoing) the Year		Resources for		(44,429)			(44,429)	(64,222)
Net (losses)/gains on investments					365,767	159,706	525,473	754,655
Net (expenditure)/Income movement In funds		and net			321,338	159,706	481,044	690,433
Fund Balances brought April	forward at 1st			3,999,565		1,746,342	5,745,907	5,055,474
Fund Balances carried March	forward 31st			4,320,903		1,906,048	6,226,951	5,745,907

10Balance Sheet as at	31"March 2022
	Notes	2022	2021
Fixed Assets
Investments		5,890,178	5,392,577
		5,890,178	5,392,577
Current Assets
Debtors		66,819	73,967
Cash		470,189	468,096
		537,008	562,063
Liabilities
Creditors		(200,235)	(208,733)
		(200435)	(208,733)
Nst Current Assets		336,773	353,330
Nst Assets		6,226,951	5,745,907
Funds
Restricted		1,906,048	1,746,342
Unrestricted		4,320,903	3,999,565
Funds Carried Forward		6,226,951	5,745,907

osts were r	echarged to the Charity.
		2022	2021
			2
Management	of Bedfont Lakes Country Park	185,000	185,007
Support Services		6,500	6,500
		191,500	191,507

		2022	2021
External	Audit Fees	4,874	5,457
Legal &	Professional Fees
		4,874	5,457

				2022	2021
Market Value at 1 April				5,392,577	4,699,388
Acquisitions during the year at cost				5,533,367	470,586
Dtsposats during year at	carrying	value		(5,571,517)	(515,309)
Net gains/(tosses) on revaluation				525,473	754,655
Net increase r (decrease)	in cash	awaiting	investment	10,279	(16,743)
Closing Value				5,890,178	5,392,577

				Number	Market Value	Cost
31st March 2021				of Units
Schroder	Corporate Bond	Fund		763,949	485,337	409,314
Schroder	Income Fund			3,606,406	1,932,312	988,421
Schroder	Income Maximiser		Fund	1,007,660	388,050	502,275
Schroder	UK Real Estate	Fund		4,270	198,640	167,548
Schrodsr	Cash Pool Account				26,966	26,966
M&G Strategic Corporate		Bond - PP		609,758	620,307	467,485
Trojan Income Fund				425,765	748,963	643,263
Charities	Property Fund			706,674	877,406	752,155
Vontobel	Fund			1,110	114,596	114,985
					5,392,577	4,072,411
				Number	Market Value	Cost
31st March 2022				of Units	8
Schroder	UK Real Estate	Fund		4,270	222,894	167,548
Schroder	Cash Pool Account				37,245	37,245
SUTL Cazsnove Charity Responsible				9,891,141	5,630,038	5,533,367
					5,890,178	5,738,160

) Debt	ors
			2022	2021
			2
Accrued	Investment	Income	66,631	73,779
Accrued	Licence Income		188	188
			66,819	73,967

) Liabilit	ies: amount	s falling due within one year
			2022	2021
				2
Sums due	to London Borough of Hounslow		191,500	191,507
Inveslment	management	fees due	3,443	11,769
Audit Fees			5,292	5,457
Total			200,235	208,733

		Unrestricted	Restricted
		Fund	Fund	Total
		2	2	2
Fixed	Assets
Investments		4,085,365	1,804,813	5,890,178
Total Fixed Assets		4,085,365	1,804,813	5,890,178
Current	Assets	362,742	174,266	537,008
Current	Liabilities	(127,204)	(73,031)	(200,235)
Net Assets at 31stMarch 2022		4,320,903	1,906,048	6,226,951

				Unrestricted Fund	Restricted	Fund	Total 2020/21
Income from:
Investment Income				124,340		53,433	177,773
Other Incoming Resources				0		0	0
Total Income				124,340		53,433	177,773
Expenditure on:
Invsstmsnt management		costs		35,087		9,943	45,030
Charitable Activities				149,222		42,285	191,507
Charitable support costs				4,253		1,205	5,458
Total Expenditure				188,561		53,433	241,995
Nst (losses)/gains on investments				527,829	226,826		754,655
Nst (expenditure)/Income funda		and net movement	in	463,607	226,826		690,433
Fund Balances brought	forward at 1st April			3,535,958	1,519,516		5,055,474
Fund Balances carried	forward 31stMarch			3,999,566	1,746,342		5,745,907