2022-03-31-accounts

Trusteesand Advisers	3
Reportofthe Trustees	4
StatementofTrustees'Responsibilities	6
ReportoftheIndependentExaminer	7
StatementofFinancialActivities	8
BalanceSheet	9
NotestotheFinancialStatements	10
Including AccountingPolicies

	£
GuildhallSchoolofMusic	5,000	Bursariesformusicstudents
Schoolreaders	5,000	Readingforschoolchildren
GatheringoftheClans	6,000	Bursariesformusicstudents
UniversityofBristol	5,000	CardiovascularresearchPhD
		programme
UniversityofNottingham	5,000	Breastcancer research
UniversityofExeter	5,000	DiabetesresearchPhDstudents
	31,000

	**Note **	2022	**2021 **
		£	£
		**Unrestricted **	**funds **
**Incoming Resources from Generated **
**Funds **
Bankinterest		250	572
Investnlentincome		35,635	29,108
**Total Incoming Resources **		35,885	29,680
**Resources Expended **
**Cost of Activities in furtherance of: **
Charitableexpenditure		(31,000)	(30,000)
**Governance costs: **
Auditandaccountancy		(861)	(700)
Bankcharges		(363)	(272)
Custodyfees		{1,438)	{1,309)
		{2,662)	{2,281)
**Total Resources Expended **		{33,662)	{32,281)
Net (outgoing)/ incoming resources for **the year **		2,223	(2,601)
Realisedand unrealisedgains/(losses)on investmentassets	2	52,643	105,260
Net movement in**funds **		54,866	102,659
Fundsbroughtforwardatbeginningofyear		1,207,608	1,104,949
**Funds carried forward at endof Year **		1,262,474	1,207,608

	**Note **	2022	**2021 **
		£	£
**Fixed Assets **	6	957,183	923,060
**Current Assets **
Cashatbank
Deposit		250,375	250,125
Current		55,471	52,062
Held byinvestmentmanager		21,286	3,061
		327,132	305,248
Creditors: amountsfallingduewithinone
year
Accruals		(841)	(700)
Grantspayable		{21,000}	{20,000}
Totalcreditors		{21,8412	{20,700}
Netcurrentassets		305,291	284,548
**Net Assets **		1,262,474	1,207,608
**Unrestricted Funds **		1,262,474	1,207,608

	2022	**2021 **
	£	£
Realisedinvestmentgains/(losses) Unrealisedinvestmentgains/(losses)	5,984 46,659	739 104,521
	52,643	105,260

	2022	**2021 **
	£	£
**Quoted investments: **
Marketvalueat1April2021	923,060	803,302
Additionsatcost		59,680
Disposalsatvaluation	(18,520)	(45,182)
Realised/unrealisedinvestmentgains/(losses)	52,643	105,260
Marketvalueat31March2022	957,183	923,060

**No. **	**Holding **	2022	**2021 **
		£	£
40,000	IntermediateCapitalGroup%Snr24/3/23	40,700	42,700
30,000	ParagonBankingGroupSnr28/8/24	32,205	33,113
45,000	UKGovtGilts2%Snr7/9/25	45,927	48,389
40,000	Whitbread3.375%Snr16/10/25	40,193	42,172
28,000	FILInvestmentManagement(Lux)SAY	29,064	31,276
285	IsharesVIITreasury	28,542	28,707
4,824.44	JupiterUnitTrustDynamicBondI	50,850	54,227
1,250	Experian	36,888	31,212
8,300	BalfourBeatty	21,331	24,502
1,300	BHP	38,376	27,229
5,500	BP	20,644	16,206
1,300	BritishAmericanTobacco	41,529	36,062
1,000	Diageo	38,635	29,895
190	FergusonPLC	19,722	16,469
1,900	Glaxosmithkline	31,297	24,472
550	IntercontinentalHotels	28,545	27,362
225	Intertek	11,754	12,604
47	JacksonFinancialInc	1,581
1,900	M&G	4,203	3,941
	MorrisonsSupermarkets		11,768
3,500	National Grid	41,034	30,240
500	Next	30,160	39,330
1,900	Prudential	21,546	29,269
1,600	Relx	38,128	29,104
650	RioTinto	39,526	36,075
1,200	RoyalDutchShell	25,302	16,020
4,000	SageGroup	28,048	24,5i2
2,000	Smith&Nephew	24,400	27,560
2,750	SSE	48,083	40,012
4,000	Tate&Lyle	29,288	30,688
625	Unilever	21,594	25,350
937	Whitbread	26,770	32,102
330	PolarCapitalFundGlobalTech	21,318	20,492
		957,183	923,060