2021-04-05-accounts

		Page
Report of the Trustees		1-4
Report ofthe Independent	Examiner
Statement of financial activities
Balance sheet
Notes to the financial statements		8 - 13

			Unrestricted	Unrestricted
			Funds	Funds
			2021	2020
		Notes	E	E
INCOME
Donations				243,283
Investment income			58,016	79,367
Interest on tax repayment
Income tax repayment				177
Total income			58,016	322,827
EXPENDITURE
Cost of raising funds:
Investment management	costs		18,453	18,918
Expenditure on charitable	activities		97,889	576,868
Total expenditure			116,342	595,786
Net expenditure and net	movement
in funds before gains and losses on
investments			(58,326)	(272,959)
Net gains/(losses) on investment			821,137	(449, 139)
Net movement in funds			762,811	(722,098)
Total funds brought forward			1,395,871	2,117,969
Total funds carried forward			2,158,682	1,395,871

					2021	2020
				Notes	E	E
Fixed assets
Investments					2,979,662	2,700,319
Current assets:
Debtors					441	441
Cash					173,304	155,677
Total current assets					173,745	156,118
Liabilities
Creditors falling due within			one year	10	145,808	150,566
Total assets	less current	liabilities			27,937	5,552
Creditors falling due after			more than one year	10	848,917	1,310,000
Net current	liabilities				(820,980)	(1,304,448)
Net assets					2,158,682	1,395,871
The funds of	the charity:
Unrestricted	Trust Fund				2,158,682	1,395,871
Total charity	funds				2,158,682	1,395,871
The notes at	pages 8to 13		to form part of these	accounts.
Approved by	the Trustees	on ~ J~		~ck.3
and signed on their behalf			by Malcolm Isaac, trustee.

Investment	income
			2021	2020
			E	E
Interest on	deposits		49	127
Investment	income on investments	held	57,967	79,240
			58,016	79,367

4	Expenditure on charitable	Expenditure on charitable	Expenditure on charitable	activities	activities	activities
								2021	2020
								E	E
	Independent examiner							1,080	1,140
	Grants (note 5)							91,000	570,100
	Accountancy fees							5,809	5,628
								97,889	576J868
5	Grants to institutions	approved				in the year
								2021	2020
								E	E
	At 6 April 2020, approved		grants			unpaid		1,445,000	1,060,000
	Provision for grants in	earlier year no					longer required
	Grants approved in the	year
	Air Ambulance							50,000	50,000
	Nuffield							40,000	500,000
	Resurgo Trust								100
	Rosemary Foundation Game 8 Wild((fe Conservation					Trust		1,000	20,000
	Grants paid in the year							(552,083)	(185,100)
	At 5 April 2021, approved			grants		unpaid		983,917	1,445,000
	Grants falling due for payment				within		one year	135,000	135,000
	Grants falling due for payment				after one year			848,917	1,310,000
								983,917	1,445,000

7	Investments at	market value	market value
										2021		2020
										E		E
	Balance brought	forward								2,700,319	3,135,971
	Additions									64,006		753,151
	Disposals									(605,800)	(739,664)
	Change in market value in the			year						821,137	(449,139)
	Balance carried	down								2,979,662	2,700,319
	Proceeds from	sale of investments								605,800		739,664
	Disposals at cost									(494,678)	(748,836)
	Realised surplus									111,122		(9,172)
	Gain/(loss) on investment		assets:
	Unrealised gains/(losses)									710,015	(439,967)
	Realised gains/(losses)									111,122		(9,172)
										821,137	(449,139)
	All investments	are held	to provide			an investment		return.
	During the year	the following		investments			exceeded		5% of	the total investment		value:
	Findlay Park Fund PLC American				USS Dis							151,921
	Lion Trust Fund	Partners	LLP							168,571
	Analysis ofinvestments		by category of				holding:
	Fixed interest									339,821		330,583
	Alternative Investments									500,812		178,046
	Equities									2,139,029	2,	191,690
										2,979,662	2,700,319

7	Investments	Investments	at	market	value (continued)	value (continued)	value (continued)
	Analysis of		investments		by	location:
								2021	2020
								E	E
	Investments		held in the		UK			1,409,099	1,338,960
	Investments		held outside		the		UK	1,570,563	1,361,359
								2,979,662	2,700,319
8	Debtors
								2021	2020
								E	E
	Due within		one	year
	Income tax		repayment					441	441
								441	441
9	Cash held
								2021	2020
								E	E
	Evelyn Partners			Investment		Management
	Investment		Account					156,773	145,194
	Dividend	Account						16,531	10,483
								173,304	155,677
10	Creditors:
								2021	2020
								E	E
	Amounts	falling		due within		one year:
	Grants							135,000	135,000
	Accountancy							4,969	10,368
	Independent		Examiner's		fee			1,080	1,080
	Investment		Management		fee			4,759	4,118
								145,808	150,566
	Creditors	falling		due after more than one year:
	Grants							848,917	1,310,000

11	Net assets	of the funds ofthe charity
				Net
			Fixed	current	Fund
			assets	liabilities	balance
			E	E	E
	Unrestricted	funds	2,979,662	(820,980)	2,158,682
			2,979,662	(820,980)	2,158,682