2023-03-31-accounts - The Bpr Trust

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			2023	2022
			Unrestricted	Total
			funds	funds
		Notes	8
INCOME AND ENDOWMENTS FROM
Investment income			153,816	123,141
Other income				1,784
Total			153,816	124,925
EXPENDITURE	ON
Raising funds			69,237	77,540
Charitable activities
Grant making			242,189	233,494
Total			311,426	311,034
Net gains/(losses) on inves/ments			(444,892)	213,533
NET INCOME/(EXPENDITURE)			(602,502)	27,424
RECONCILIATION OFFUNDS
Total funds bmught	forward		15,165,482	15,138,058
TOTAL FUNDS CARRIED FORWARD			14,562,980	15,165,482

	BALANCE SHEET 31MARCH 2023
		2023	2022
		Unrintrieted	Total
		funds	funds
	Notes	8
FIXEDASSETS
Investments		14,693,906	15,260,356
CURRENT ASSETS
Cash at bank		59,841	61,334
CREDITORS
Amounts falling due within one year		(190,767)	(156,208)
NET CURRENT ASSETS		(130,926)	(94,874)
TOTAL ASSETSLESSCURRENT LIABILITIES		14,562,980	15,165,482
NET ASSETS		14,562,980	15,165,482
FUNDS	10
Unrestricted funds		14,562r980	15,165,482
TOTALFUNDS		14r562 tr80	15,165,482

INVESTMENT INCOME
		2023	2022
		8
UK hated investments		39369	32,242
Non UK listed investments		47,682	46,947
Interest on cash and settlements	pending	66,765	43,952
		153,816	123,141

	Investmeat	Investmeat	management	management	costs
								2023	2022f
	Portfolio management							6O,237	77,540
4.	CHARITABLE ACTIVITIES COSTS
							Grant
							funding of
							activities	Support
							(see note	costs (me
							5)f	note 6)	Totalsf
	Grant making						219,638	22,551	242,189
	GRANTSPAYABLE
								2023	2022
									f
	Grant making							219,638	225,964
	Thc total grants paid to			institntinns		during the year was as followw
								2023	2022
								5,
	Queen Mary, University				ofLondon			219,638	225,964
6.	SUPPORT		COSTS
								Governance
						Finance f,	Otherf	costsf	Totals
	Grant making					566	109345	11,640	22,551
	Support costs, included			in the above, are as follows:
	Finaace
								2023	2022
								Grant	Total
								making	activities
								8
	Insurance							566
	Other
								2023	2022
								Grant	Total
								making	activities
									f
	Temporary		secretariat staff					928
	Legal fees							6,480	6,480
	Currency	losses/(gains)						2,937	(10350)
								10,345	(3')

							Cash and
						Listed	settlements
						investments	pending		Totals
							f.			6
MARKET VALUE
At 1 April 2022						11,621,414	3,638,942	15,260356
Additions						2,023,406	3429,075		6,152,561
Disposals						(3,024,848)	(3,249,271)	(6,274,119)
Revaluations						(91888)	(353,504)		(444,892)
At 3I March 2023						11328,664	3,365,242	14,693,906
NET BOOK VALUE
At 31 March 2023						11,328,664	3365,242	14,693,906
At 31March 2022						11,621,414	3,638,942	15,260,356
Analysis ofiavestmeats		(aU	geaeral funds):			2023		2022
						8
UK iluoted equities						1,564,769	1,270,241
Non UK quoted equities						6,081,522	6,602,B13
UK quoted bonds &	fixed income securities					1/13,041	960,320
Non-UK quoted bonds &fixed income securities						1,070,290	1,367,615
Hedge funds						1375,424	1,419,183
UK cash funds						3,346,839	3,811,790
Forward exchange contracts						18,403	(172,848		)
Other funds						23,610		1,242
						14,693,906	15,260,356
The value of individual		investments considered			material	in the context of the investment	portfolio are	as follows		(values
exceeding 5%ofthe	investment			portfolio):
Rothschild &Co - Inflation Focus Fund USD Shs						1,070,298	728%
Rothschild &Co —Investment				Grade Bonds Shs		1,313,041	B94%
Money Market - Institutional			Cash Series PLC - Blackrock			ICS
Sterling Government	Liquidity			Fund Premier Shs	GBP	3,000,000	20.42%

								Cash and
							Listed	setdemeats
							investments	pendiag	Totals
							8	8	8
	Valuation		in 2023				2,518,916	18,403	2,537,319
	Cost						8,809,748	3,346,839	12,156,587
							11,328,664	3,365,242	14,693,906
9.	CREDITORS: AMOUNTS					FALLING DUE WITHIN ONE YEAR
								2023	2022
	Accrued		expenses					190,767	156,208
10.	MOVEMENT				IN FUNDS
								Net
								movement	At
							At 1.4.22	in funds	31.3.23
								f	f
	Unrestricted			funds
	General	fund					15,165,482	(602,502)	14,562,980
	TOTAL		FUNDS				15,165,482	(602,502)	14,562,980
	Net movement				in funds, included in the above are as follows:
						Incoming	Resources	Gains and	Movement
						resources	expended	losses	in fundsf
	Unrestricted			funds
	General	fund				153,816	(311,426)	(444,892)	(602,502)
	TOTALFUNDS					153,816	(311,426)	(444,892)	(602,502)
	Comparatives				for movement	in fuads
								Net
								movement	At
							At 1.4.21	in funds	31.3.22
							f	f
	Unrestricted			funds
	General		fund				13,138,058	27,424	13,165,482
	TOTALFUNDS						13,138,058	27,424	15,165,482

		Incoming	Resources	Gains and	Movement
		resources	expended f.	losses	in fundsf
Unrestricted	funds
General fund		124,925	(311,034)	213,533	27,424
TOTAL FUNDS		124,925	(311,034)	213,533	27,424
A current year 12months and prior year 12months combined position is			as follows:
				Net
				movement	At
			At 1.4.21	in funds	31.3.23
Unrestricted	funds
General fund			15,138,058	(575,078)	14,562,980
TOTAL FUNDS			15,138,058	(575,078)	14,562,980

		Incoming	Resources	Gains and	Movement
		resources f	expended	losses	in funds
Unrestricted	funds
General fund		278,741	(622,460)	(231,359)	(575,078)
TOTALFUNDS		278,741	(622,460)	(231,359)	(575,078)

				2023	2022
INCOME AND ENDOWMENTS
Investment income
UK listed investments				39,369	32,242
Non UK listed investments				47,682	46,947
Interest on cash and settlements			pending	66,765	43,952
				153,816	123,141
Other income
Other income					1,7tj4
Total iacoming resources				153,816	124,925
EXPENDITURE
lavestment maaagemeat		costs
Portfolio management				69,237	77,540
Charitable activities
Grants to institutions				219,638	225,964
Support costs
Finance
Insurance				566
Other
Temporary secretarial	staff			928
Legal fees				6,480	6,480
Currency losses/(gains)				2,937	(10,350)
				10,345	(3,870)
Goveraaace costs
Auditors' remuneration				5,160	4,920
Legal fees				6,480	6,480
				11,640	11,400
Total resources expended				311,426	311,034
Net expeaditure before gains aad losses				(157,610)	(186,109)
Realised recognised gains		and	losses
Realised gains/(losses)	on	fixed	asset investments	(444,892)	213,533
Net (expenditure)/income				(602402)	27,424