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|Trustees|||Harry Friedberg|
|---|---|---|---|
||||Michael<br>Gillard|
||||Melvyn<br>Marckus|
||||Maura McDermott|
||||Marilyn<br>Ordover|
||||Richard Singer|
|Secretary|||Michael Gillard|
|Charity number|||1078955|
|Company|number||03821824|
|Registered||office|Victoria House|
||||26 Tilehouse Street|
||||Hitchin|
||||Hertfordshire|
||||SG5 2DY|
|Independent||Examiner|Heather Wheelhouse|
||||BDO LLP|
||||Bridgewater<br>House|
||||Counterslip|
||||Bristol|
||||BS16BX|
|Bankers|||HSBC Pic|
||||The Helicon|
||||1 South Place|
||||London|
||||EC2M 2UP|
|Solicitors|||Ross Williams|
||||Victoria House|
||||26 Tilehouse Street|
||||Hitchin|
||||Herffordshire|
||||SG5 2DY|





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||||Unrestricted|Unrestricted|
|---|---|---|---|---|
|||Note|2022|2021|
|Income from:|||||
|Investment<br>income|||40,953|36,130|
|Other income|||822|1,070|
|Total|||41,775|37,200|
|Expenditure<br>on:|||||
|Raising funds|||17,046|14,550|
|Charitable<br>activities|||285,618|172,664|
|Total|||302,664|187,214|
|Net Gain on investments||10|48,192|407,690|
|Net (expenditure)/income|||(212,697)|257,676|
|Other recognised|gains/(losses)||||
|Foreign exchange gain/(loss)|||73,414|(127,464)|
|Net movement<br>in funds|||(139,283)|130,212|
|Fund balances at 1 April 2021|||2,239,976|2,109,764|
|Fund balances at|31 March 2022||2,100,693|2,239,976|





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||||||Note|2022|2022|2021|2021|
|---|---|---|---|---|---|---|---|---|---|
|Fixed assets||||||||||
|Investment|property||||9|850,000||850,000||
|Investments|||||10|1,401,981||1,447,420||
|Current assets||||||||||
|Cash at bank||and|in hand|||1,994||2,249||
|Creditors:||||||||||
|Amounts<br>falling due within one||||||||||
|year|||||12|(78,599)||(59,693)||
|Net current|liabilities||||||(76,605)||(57,444)|
|Total assets||less|current|||||||
|liabilities|||||||2,175,375||2,239,976|
|Creditors:||||||||||
|Amounts<br>falling due after more||||||||||
|than one year|||||12|(74,681)||||
|Net assets|||||||2,100,693||2,239,976|
|Unrestricted||funds||||||||
|Designated|investment|||property||||||
|fund|||||14|||||
|-cost|||||||350,000||350,000|
|- revaluation||reserve|||||500,000||500,000|
||||||||850,000||850,000|
|General reserve|||||||1,250,693||1,389,976|
|Funds|||||||2,100,693||2,239,976|





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|Other income|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2022|2021|
|||||||||||F|
|Reimbursement||of insurance|||and other|costs|||812|1,069|
|Interest|||||||||10|1|
||||||||||822|1,070|
|Total expenditure|||||||||||
||||||||||2022|2021|
|Raising funds|(see below)||||||||17,046|14,550|
|Charitable<br>expenditure|||(see below)||||||305,374|172,664|
||||||||||322,421|187,214|
|Costs relating|to|raising|funds||comprise:||||||
|Insurance|||||||||1,694|1,662|
|Investment<br>management||||fees|||||15,352|12,888|
||||||||||17,046|14,550|
|Costs relating|to|charitable||expenditure||comprise:|||||
|Donations:|||||||||||
|Centre for Investigative|||Journalism||||||||
|- Payments||for projects|||||||12,745||
|City University|of New York, Craig Newmark||||||Journalism|School|263,597|108,719|
|Scholarships<br>and student||||support|||||||
|Pro Publica|||||||||||
|- Fellowships||||||||||54,375|
|Exchange rate|differences||||||||3,929||
|Archive costs|||||||||318|300|
|Legal fees|||||||||629|5,288|
||||||||||281,218|168,682|
|Support costs:|||||||||||
|Independent<br>examiner|||fees||||||2,122|2,028|
|Accountancy<br>fees|||||||||1,890|1,800|
|Tax withheld|||||||||294|78|
|Bank charges|||||||||94|76|
||||||||||285,618|172,664|





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|Investments|||||||
|---|---|---|---|---|---|---|
||Value at|Foreign||||Value at|
||31 March|exchange|Purchases|Disposals|Revaluation|31 March|
||2021<br>f|movements<br>f|at costf|at Cost<br>f|gains<br>f|2022<br>f|
|Equities-|||||||
|US quoted|1,420,292|72,048|430,407|(586,716)|48,192|1,384,222|
|Cash|||||||
|deposits|27,128|1,375|627,679|(638,424)||17,758|
||1,447,420|73,423|1,058,086|(1,225,140)|48,192|1,401,981|



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|Creditors|||
|---|---|---|
||2022f|2021f|
|Amounts<br>falling due within one year|||
|Other creditors and accruals|3,918|59,693|
|Grants payable|74,681||
||75,599|59,693|
|Amounts<br>falling due after more than one year|||
|Grants payable|74,681||



## 


|Funds|||||||
|---|---|---|---|---|---|---|
|||Balance at|||Transfer|Balance at|
|||1 April|Incoming|Resources|between|31 March|
|||2021|Resources|Expended|funds<br>F|2022<br>f|
|Property|reserve|850,000||||850,000|
|General|reserve|1,389,976|183,138|(322,421)||1,250,693|
|||2,239,976|183,138|(322,421)||2,100,693|
|||Balance at|||Transfe'r|Balance at|
|||1 April|Incoming|Resources|between|31 March|
|||2020|Resources|Expended|funds|2021|
|||||||f.|
|Property|reserve|850,000||||850,000|
|General|reserve|1,259,764|37,200|93,012||1,389,976|
|||2,109,764|37,200|93,012||2,239,976|