2022-03-31-accounts - The Bpr Trust

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		Page
Report ofthe Trustees	1	to	3
Report ofthe Independent Auditors	4	to	6
Statement ofFinancial Activities
Balance Sheet
Notes to the Financial Statements	9	to	13
Detailed Statement ofFinancial Achvities		14

		2022	2021
		Unrestricted	Total
		funds	f'unds
	Notes
INCOME AND ENDOWMENTS FROM
Investment income Other income		123,141 1,784	156,995 561,200
Total		124,925	718,195
EXPENDITURE ON
Raising funds		77,540	59,445
Charitable activities
Grant making		233,494	343,551
Total		311,034	402,996
Net gains on investments		213,533	2,930,278
NET INCOME		27,424	3,245,477
RECONCILIATION OF FUNDS
Total funds brought forward		15,138,058	11,892,581
TOTAL FUNDS CARRIED FORWARD		15,165)482	15,138,058

		THE BPRTRUST
		BALANCE SHEET
		31 MARCH 2022
			2022	2021
			Unrestricted	Total
			funds	funds
		Notes
FIXEDASSETS
Investments			15&260s356	15,122,630
CURRENT	ASSETS
Debtors				40,158
Cash at bank			61,334	61,334
			61/34	101,492
CREDITORS
Amounts falling due within one year		10	(156,208)	(86,064)
NET CURRENT ASSETS			(94,874)	15,428
TOTAL ASSETSLESSCURRENT LIABILITIES			15,165,482	15,138,058
NET ASSFTS			15)165,482	15,138,058
FUiNDS
Unrestricted	fimds		15,165,482	15,138,058
			15,165,482	15,138,058

INVEST	MENT INCOME
			2022	2021
Currency VK listed	exchange rate trades investments		32,242	(69,795) 123,718
Non UK	listed investments		46,947	68,667
Interest on cash and settlements		pending	43,952	34,405
			123,141	156,995

	Investment	Investment	management	management	costs
									2022	2021
	Portfolio	management							77,540	59,445
4.	CHARITABLE ACTIVITIES COSTS
								Grant
								funding of
								activities	Support
								(see note	costs (see
								5)	note 6)	Totals
	Grant making							225,964	7,530	233,494
5.	GRANTS		PAYABLE
									2022	2021
	Grant making								225,964	323,127
	The total	grants paid to			institutions	during	the year was as follows:
									2022	2021
	Queen Mary, University				ofLondon				225,964	323,127
6.	SUPPORT		COSTS
									Governance
								Other	costs	Totals
	Grant making							(3,870)	11,400	7,530
	Support	costs, included			in the above. are		as follovvs:
	Other
									2022	2021
									Grant	Total
									making	activities
	Temporary		secretarial	staff						719
	Property	repairs								1,945
	Legal fees								6,480	6,480
	Currency	losses/(gains)							(10,350)
									(3,870)	9,144

Governa
	2022	2021
	Grant	Total
	making	activities&
	K
Auditors' remuneration Legal fees	4,920 6,480	4,800 6,480
	11,400	11,280

			Cash and
		Listed	settlements
		investments	pending Totals
MARKET VALUE
At 1 April 2021 Additions Disposals Revaluations		II,S09,153 4,742,665 (5832,394) 401,990	3/13,477 659,645 (145,723) (188,457) 15,122,630 5,402,310 (5,478,117) 213,533
At 31March 2022		]1,621,414	3,638,942 15,260/56
NET BOOK VALUE
At 31March 2022		11,621,414	3,638&942 15&260,356
At 31 March 2021		11,809,153	3,313,477 15,122,630
Analysts ofinvestments	(all general funds)",	2021	2020
			f.
UK quoted equities Non UK quoted equities UK quoted bonds &fixed income securities Non-UK quoted bonds &fixed income securities		1&270,241 6,602,813 960,320 1,367,615	1,522,607 7,138,919 2,102,125
Hedge funds UK cash funds Forward exchange contracts Other funds		1,419&183 3,811,790 (172,84S) 1,242	1,037,686 3,152,145 161,332 7,816
		15&260,356	15,122,630

									Cash and
								Listed	settlements
								investments	pending	Totals
	Valuation Cost	in 2022						2,949,533 8,671,881	(172,848) 3,811,790	2,776,685 12,483,671
								11,621,414	3,638,942	15,260,356
9.	DEBTORS:		AMOUNTS FALLING DUE WITHIN ONE				YEAR
									2022f	2021
	Prepayments		and accrued income							40,158
10.	CREDITORS:			AMOUNTS	FALLING DUE WITHIN ONE YEAR
									2022	2021
									f,
	Accrued	expenses							156,208	86,064
11.	MOVEMENT			IN FUNDS
									Net
									movement	At
								At 1.4,21	in funds	31.3.22
									f,
	Unrestricted		funds
	General	fund						15,138,058	27,424	15,165,482
	TOTAL	FUNDS						I5&I38&058	27,424	15,165,482
	Net movement			in funds, included		in the above are as follows:
							Incoming	Resources	Gains and	Movement
							resources	expended	losses	in funds
	Unrestricted		funds
	General	lund					124&925	(311,034)	213,533	27,424
	TOTAL	FUNDS					124,925	(311,034)	213,533	27,424
	Comparatives			for movement	in	funds
									Net
									movement	At
								At 1.4.20	in funds	31.3.21
	Unrestricted		funds
	General	fund						11,892,581	3,245,477	15,138,058
	TOTAL	FUNDS						11&892,58 l	3,245,477	15,138,058

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
					f.
Unrestricted		funds
General	fund		843,120	(714,030)	3,143,811	3,272,901
TOTAL	FUNDS		843,120	{714,030)	3,143,811	3,272,901

				2022	2021
INCOME AND ENDOWMENTS
Investment income
Currency exchange rate UK listed investments	trades			32,242	(69,795) 123,718
Non UK listed investments				46,947	68,667
interest on cash and settlements			pending	43,952	34,405
				123,141	156,995
Other income
Gain on sale ofproperty					561,200
Other income				11784
				1,784	561,200
Total incoming resources				124,925	718,195
EXPENDITURE
Investment management		costs
Portfolio management				77,540	59,445
Charitable activities
Grants to institutions				225,964	323,127
Support costs
Other
Temporary secretarial	staff				719
Property repairs					1,945
Legal fees				6,480	6,480
Currency losses/(gains)				(10)350)
				{3,870)	9,144
Governance costs
Auditors' remuneration				4,920	4,800
Legal fees				6,480	6,480
				II)400	11,280
Total resources expended				311,034	402,996
Net (expenditure)/income		before gains and losses		(186,109)	315,199
Realised recognised gains		and	losses
Realised gains/(losses)	on	fixed	asset investments	213,533	2,930,278
Net income				27&424	3,245,477