## ||||Page| |---|---|---|---| |Legal and administrative||information|| |Trustees'
report|||2-3| |Auditors'
report|||4-6| |Statement offinancial|activities||| |Balance sheet|||| |Cash flow statement|||| |Notes to cash flow statement|||10| |Notes to the financial|statements||11-15| ## |Trustees||C R Sherling||(Chairman)| |---|---|---|---|---| |||SA Sherling||| |||A M Sherling||| |||W D Sherling||| |Governing|document|Trust Deed dated 15||December 1999| |Registered|chadty number|1079851||| |Principal address||Lincoln House||| |||Woodside
Hill||| |||Chalfont StPeter||| |||Buckinghamshire||| |||SL99TF||| |Auditors||Norm Hayward|LLP|| |||2-4 Packhorse|Road|| |||Gerrards Cross||| |||Buckinghamshire||| |||SL97QE||| |Bankers||HSBC Private Bank||| |||8 Cork Street||| |||London||| |||W1S3LJ||| |Investment|managers|Rathbone
Investment||Management| |||8 Finsbury Circus||| |||London||| |||EC2M 7AZ||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||2022|2021| |---|---|---|---| ||||Unaudited| ||Notes||6| |INCOME AND DONATIONS|||| |Donations||2,290,000|142,764| |Investment
income||118,741|87,751| |TOTALINCOME||2,408,741|230,515| |EXPENDITURE|||| |Costs of raising funds:|||| |Charitable
activities||411,100|234,000| |TOTAL EXPENDITURE||411,100|234,000| |NET INCOME/(EXPENDITURE)||1,997,641|(3,485)| |Net gains/(losses)
on investments||107,532|462,159| |NET MOVEMENT
IN FUNDS||2,105,173|458,674| |Fund balances brought forward||3,251,385|2,792,711| |Fund balances carried forward||5356558|3,251,385| ## ## |||2022|2021| |---|---|---|---| ||||Unaudited| ||Notes|8|f| |CASHFLOWS FROM OPERATING ACTIVITIES|||| |Net cash used in operating
activities|1|1,880,864|90,948| |CASH FLOWS FROM INVESTING ACTIVITIES|||| |Dividends
and interest received net ofcharges||118,741|87,751| |Investments
at cost||(2,655,375)|(100,250)| |Sales proceeds||700,000|| |Net cash ouNow from investing
activities||1,836,634|12499| |INCREASE/(DECREASE)
IN CASH AND CASH EQUIVALENTS||44,230|(103,447)| |CASH AND CASH EQUIVALENTS AT THE|||| |BEGINNING OF THE YEAR||92,105|195,552| |CASH AND CASH EQUIVALENTS AT THE END OF|||| |THE YEAR|2|136,335|92,105| ||||||||2022|2021| |---|---|---|---|---|---|---|---|---| ||||||||8|| ||RECONCILIATION|OF NET INCOME/(EXPENDITURE)||||TO NET||| ||CASH FLOWS FROM OPERATING ACTIVITIES|||||||| ||Net movement
in income/(expenditure)||||for the year||2,105,173|458,674| ||(as per the statement||offinancial|activities)||||| ||Attjvstments
for:|||||||| ||Dividends
received||||||(118,741)|(87,751)| ||Gains on investments||||||(107,532)|(462,491)| ||(Increase)/Decrease||in debtors||||(1,636)|620| ||(Decrease)/Increase||in creditors||||3,600|0| ||Net cash provided|by|operating|activities|||1 880,864|90,948| |2|ANALYSIS OF CASH AND CASH EQUIVALENTS||||||2022|2021| ||||||||E|6| ||Current account||||||733|265| ||Depositaccount||||||135,602|91,840| ||Total cash at bank||||||136,335|92,105| ## ## ## ## ## ## ## |2.6|Taxation| |---|---| ||The trust is a registered
charity and, therefore,
is not liable for income tax or corporation
tax on| ||income derived
from its charitable
activities, as it falls within the various exemptions
available
to| ||registered
charities
if applied for charitable
purposes.| |2.7|Financial
instruments| ||The chadity
only has financial
assets
and
liabilities
of a kind
that qualifies
as basic financial| ||instruments.
Basic financial
instruments
are
initially
recognised
at transaction
value
and| ||subsequently
measured
at amortised
costs using the effective interest
method.
Financial assets| ||held at amortised
cost comprise
cash at bank
and other debtors.
Financial
liabilities
held
at| ||amortised cost comprise other creditors.| ||Investments,
including
equity linked notes held as part of an investment
porffolio, are held at fair| ||value at the balance
sheet date,
with
gains
and losses
being
recognised
within
income
and| ||expenditure.| |2.8|Cash and cash equivalents| ||Cash and cash equivalents
comprise
cash
in hand,
current
and deposit accounts
held at the| ||bank.| ||Cash and cash equivalents
held by investment
managers
are included
within investments.| |2.9|Judgements
and estimation| ||Preparation
of the financial
statements
requires
management
to make judgements,
estimates| ||and assumptions
about the carrying
value of assets and
liabilities
that are not readily apparent| ||from
other
sources.
The
estimates
and
underlying
assumptions
are
based
on
historical| ||experience
and other factors that are considered
to be relevant.
Actual
results
may differ from| ||these estimates.| ||The estimates
and
underlying
assumptions
are reviewed
on an on-going
basis. Revisions
to| ||accounting
estimates
are recognised
in the period
in which the estimate
is revised
if the revision| ||affects only that period or in the period ofthe revision and future periods
ifthe revision affects the| ||cunent and future periods. There were no key sources ofestimation
uncertainty
in the year.| |2.10|Going concern| ||The trustees
have considered
the continuing
effect of the Covid-19 pandemic
and the general| ||state of the stock market
on the charity's
activities
and they believe that
it is unlikely
to cause| ||significant
disruption
to the chadity's
ability to pay grants as it has sufficient
liquid assets available.| ||The trustees
believe the charity has sufficient assets to enable
it to continue as a going concern| ||for a period ofat least twelve months
from the date ofapproval ofthese financial statements.| ## |3|INCOME||||2022|2022|2021| |---|---|---|---|---|---|---|---| |||||||6|E| ||Donations||||||| ||Donations||||2,132,000||132,764| ||Gift aid|||||158,000|10,000| ||||||2,290,000||142,764| ||Investment
income||||2022||2021| |||||||6|E| ||Dividends
and interest on|investments||(net ofcharges)||118,460|87,738| ||Bank interest received|||||281|13| |||||||118,741|87,751| |4|CHARITABLE ACTIVITIES||||2022||2021| |||||||6|6| ||Grants||||||| ||Chiltem
MS Centre|||||112,500|112,500| ||Scannappeal|||||100,000|| ||Heart ofBucks|||||50,000|10,000| ||Friends of Liberty Woodland||School|||35,000|35,000| ||Chiltem
Open Air Museum|||||15,000|15,000| ||Autism Wessex|||||15,000|| ||Hospice ofSt Francis|||||15,000|10,000| ||Thames Valley Air Ambulance|||||10,000|10,000| ||Dorset &Somerset Air Ambulance|||||10,000|10,000| ||Marie Curie Foundation|||||10,000|10,000| ||Zoological Society of London|||||10,000|| ||DENS|||||10,000|| ||Flute Theatre|||||6,000|2,500| ||Melanoma
Focus|||||3,000|| ||Deafblind|||||2,000|2,000| ||Independent
Age|||||2,000|2,000| ||Child Bereavement|||||2,000|| ||Chiltem
Dial-a Ride||||||15,000| ||Total grants|||||407,500|234,000| ||Support and governance|costs||||3,600|| ||Total charitable
activities|||||411,100|234,000| ||All ofthe above are grants to registered|||charities given|in furtherance|ofthe charity's objects.|| |5|SUPPORT AND GOVERNANCE COSTS|||||2022f|2021
6| ||Auditors'
remuneration|||||3,600|| |||||||3,600|| ## ## |INVESTMENTS - LISTED|INVESTMENTS - LISTED|INVESTMENTS - LISTED|||Equity|| |---|---|---|---|---|---|---| |||||Rathbone|Linked|| |||||Porffolio|Notes|Total| |||||6|6|6| |As at 1 April 2021||||2,472,479|685,120|3,157,599| |Additions at cost||||500,000|2,155,375|2,655,375| |Revaluations||||203,377|(95,845)|107,532| |Dispoaala at cost|||||(700,000)|(700,000)| |As at 31 March 2022||||3,175,656|2,044650|5,220 506| |Fair value||||||| |At 31 March 2022||||||5,220,506| |At 31 March 2021||||||3,191,999| |Material investments|-|over 5'/9||||| ||||9/|2022|4/9|2021| |Overseas||||||| |SPDR Series Trust S8|P|500 ETF|6.36|332,220|7.03|221,964| |UK||||||| |Equity Linked Structured||Notes|39.17|2,044,650|21.70|685,120| |8|DEBTORS|||2022|2021| |---|---|---|---|---|---| |||||6|6| ||Inveatmsnt|income|receivable|3,317|1,681| |||||3,317|1,681| ## ## |9|CASH AT BANK||||||||2022f||2021
6| |---|---|---|---|---|---|---|---|---|---|---|---| ||Bank deposit account||||||||135,602||91,840| ||Bank current account||||||||733||265| ||Cash at bank||||||||136,335||92,105| |10|CREDITORS - AMOUNTS||FALLING||||||2022||2021| ||DUE WITHIN ONE YEAR||||||||8||6| ||Other creditors||||||||3,600||| ||||||||||3,600||| |11|FINANCIAL INSTRUMENTS||||||||2022||2021| ||||||||||6||| ||Financial assets|measured|at amortised|||cost|||136,335||92,105| ||Financial assets|at fair value through|||the||income and||||| ||expenditure
account.||||||||5,220,506||3,157,599| ||||||||||5,356,841||3,249,704| ||Financial
liabilities measured|||at amortised|||cost||3,600||| |12|FINANCIAL COMMITMENTS||||||||||| ||At the balance|sheet date,||the charity|||had|unconditional|commitments
to make|charitable|grants
as| ||follows:||||||||||| ||||||||||2022||2021| ||||||||||8||6| ||Within one year||||||||14,000||147,500| ||1-2years||||||||13,000||14,000| ||2 - 5years||||||||3,000||16,000| ||||||||||30,000||177,500|