## ## |||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|nce
costs||| |---|---|---|---| |||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||||718,195|(402,996)|2,930,278|3,245,477| |TOTAL|FUNDS||||718,195|(402,996)|2,930,278|3,245,477| |A current year||12months|and prior year 12months|combined|position is as follows:|||| ||||||||Net|| ||||||||movement|At| |||||||At 1.4.20|in funds|31.3.22| |Unrestricted||funds||||||| |General|fund|||||11,892,581|3,272,901|15,165,482| |TOTALFUNDS||||||11,892.581|3,272,901|15,165,482| ||||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|