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2021-02-28-accounts

				Page
Reference and administrative		details ofthe Foundation,	its Trustees and advisers
Trustees' report				2-5
Independent auditors'	report	on the financial statements		6-9
Statement offinancial	activities			10
Balance sheet
Notes to the financial	statements			12-24

Trustees		GES Robinson
		HP Sloane
		D Fisher
Charity registered
number		1068286
Principal office		Unit 4 Hill Farm
		Kirby Road
		Kirby Bsdon
		Norwich
		Norfolk
		NR14 7DU
Independent	auditors	Larking Gowen LLP
		Chartered Accountants
		Statutory Auditors
		1 Claydon Business Park
		Great Blakenham
		Ipswich
		IP6 ONL
Investment	managers	UBS Wealth Management
		Sloane Robinson	LLP

				Unrestricted	Endowment	Total	Total
				funds	funds	funds	funds
			Note	2021 6	2021 6	2021f	2020
Income and endowments		from:
Investments				151,491		151,491	193,302
Total income and	endowments			151,491		151,491	193,302
Expenditure on:
Investment management		costs			26,063	26,063	48,703
Grant making				711,807		711,807	406,946
Total expenditure				711,807	26,063	737,870	455,649
Net expenditure before		net gains on
investments				(560,316)	(26,063)	(586,379)	(262,347)
Net gains on investments					3,754,816	3,754,816	658,464
Net (expenditure)/income				(560,316)	3,728,753	3,168,437	396,1f7
Transfers between	funds		14	560,316	(560,316)
Net movement in	funds	before other
recognised gains/(losses)					3,168,437	3,168,437	395,117
Other recognised	gains/(losses):
Other gains/(losses)					42,081	42,081	(251,301)
					3,210,518	3,210,518	144,816
Net movement in	funds
Reconciliation of	funds:
Total funds brought	forward				17,267,114	17,267,114	17,122298
Net movement in funds					3,210,518	3,210,518	144,816
					20,477,632	20,477,632	17,257,114
Total funds carried forward

						28 February		29February
						2021		2020
				Note		6
Fixed assets
Investments				10		19,464,591		16,427,740
						19,464,591		16,427,740
Current assets
Debtors				11	375,632
Cash at bank and in hand					689,985		1,206,421
					1,065,617		1,206,421
Creditors: amounts		falling	due within one
year				12	(52,576)		(367,047)
Net current	assets					1,013,041		839,374
Total assets	less current		liabilities			20,477,632		17,267,114
Total net assets						20,477,632		17,267,114
Charity funds
Endowment	funds			14		20,477,632		17,267,114
Total funds						20,477,632		17,267,114

			As restated
	Unrestricted	Total	Total
	funds	funds	funds
	2021f	2021 f.	2020f
UK listed investments	35,392	35,392	34,700
Non UK listed investments	114,986	114,986	149,102
Bank interest receivable	1,113	1 113	9,500
	151,491	151,491	193,302
Total 2020as restated	193,302	193,302

			Endowment	Total	Total
			funds	funds	funds
			2021f	2021f	2020
Management	fees		8,779	8,779	18,166
Research investment		fees	17,284	17,284	30,537
			26,063	26,063	48,703
Total 2020			48,703	48,703

		Grant
		funding of	Support	Total	Total
		activities	costs	funds	funds
		2021	2021	2021	2020
		6	6
Grant making		547,264	124,163	671,427	376,347
Governance	costs		40,380	40,380	30,599
		547,264	164,543	711,807	406,946
Total2020		297,681	109,265	406,946

		Charitable		Total	Total
		activities	Governance	funds	funds
		2021 f	2021 6	2021 6	2020
Professional	costs	11,066	31,050	42,116	27,252
Consultancy	costs	23,919		23,919	12310
Accountancy	fees	4,225	4,225	8,450	10,600
Audit fees			5,105	5,105	4,860
Bank charges	and interest	3,838		3,838	3,087
Exchange losses		81,115		81,115	51,156
		124,163	40,380	164,543	109,265
Total 2020		78,666	30,599	109,265

Grants payable
								28 February	29February
								2021 6	2020 f
Grant making								547,264	297,681
The total grants	paid to institutions				during		the year was as follows:
								28 February	29 February
								2021	2020
								6
Eagle Height Academy								550
Future Hope UK								5,000
Karta Initiative								100,000	40,000
Keble Astrophysics Scholarship									7,500
Keble College, Oxford								124,500	73,250
Lincoln College,	Oxford							147,900	70,000
Our Lady of Visitation		Boarding		School, Kenya					700
Prospero World									11,000
Royal Brompton	& Harefield		Hospital			Charity			25,000
RSPB								17,750	17,750
United World Schools								46,660	47,481
University of Oxford Psychiatry				Department				95,300
Veerni Foundation								9,604
								547,264	292,581
The total grants	paid to individuals				during the year was as follows:
								28 February	29 February
								2021	2020
Other individuals									5,000
									5,000

					2021f	2020
Fees annual	payable to the Foundation's accounts		auditor	for the audit of the Foundation's	5,105	4,660
Fees	payable	to the Foundation's	auditor	in respect of:
All non-audit		services not included	above		4,410	4,200

								28 February	29February
								2021 6	2020 f
Financial	assets
Financial	assets	measured		at fair value through		income and expenditure		19,833,642	16,427,740
								28 February	29Febnrary
								2021 6	2020 f
Financial	liabilities
Derivative	financial		instruments measured		at fair value through		income
and expenditure		held as part ofa trading			portfolio				331,769

	Listed	Unlisted
	investments	investments	Total
	6	6	5
Cost or valuation
At 1 March 2020	12,457,186	3,970,554	16,427,740
Additions	27,190,239		27,190,239
Disposals	(25,653,391)	(1,126,300)	(26,779,691)
Revaluations	1,922,493	703,810	2,626,303
At 28 February 2021	15,916,527	3,548,064	19,464,591
The Fixed Asset Investments	market values may be analysed as follows:
		28 February	29February
		2021	2020
		8
I isted in the UK			365,600
Listed outside the UK		15,916,527	12091,586
Unlisted outside the UK		3,548,064	3,970,554

Debtors
	28 February	29February
	2021 f	2020
Due within one year
Other debtors	375,632
	375,632

		28	February	29	February
			2021		2020
			5
Other	creditors		52,576		367,047

13.	Analysis	ofnet	assets	between	funds
	Analysis	ofnet	assets	between	funds	- current	year

Analysis ofnet assets between funds - current ye	ar
	Endowment	Total
	funds	funds
	28 February	28 February
	2021	2021
	5	5
Fixed asset investments	19,464,591	19,464,591
Current assets	1,065,617	1,065,617
Creditors due within one year	(52,576)	(52,576)
Total	20,477,632	20,477,632

Analysis of net assets between funds - prior year
	Endowment	Total
	funds	funds
	29February	29February
	2020	2020
	5
Fixed asset investments	16,427,740	16,427,740
Current assets	1,206,421	1,206,421
Creditors due within one year	(367,047)	(367,047)
	17,267,114	17,267,114

Statement offun	ds - prior year
	Balance at					Balance at
	1 March			Transfers	Gains'	29 February
	2019f	Income	Expenditure	inlout 6	(Losses)	2020 f
Unrestricted
funds
General Funds-
all funds		193,302	(406,946)	213,644
Endowment
funds
Endowment
Funds - all funds	17,122,298		(48,703)	(213,644)	407,163	17,267,114
Total offunds	17,122,298	193,302	(455,649)		407,163	17,267,114

Net gains/(	losses) on in	vestme	nts
					28 February	29February
					2021	2020
					f
Foreign exchange gains/(losses)			on investments	held at year end	(1,268,453)	459,833
(Loss)/gain	on foreign exchange		forward contracts		42,081	(251,301)
Gain/(loss)	on revaluation	of investments			3,894,755	(979,512)
Gain/(loss)	on disposal of	investments			1,128,514	1,178,143
					3,796,897	407,163