2023-03-31-accounts

		~Pa e
Legal & Administrative	information
Report ofthe Trustees		3-4
Trustees' responsibilities
Report ofthe Auditors		6-7
Statement of Financial	Activities
Balance sheet
Cash Flow Statement		10
Notes to the Financial Statements		11 - 15

Trustees:		Matthew Oakeshott	(Chairman)	(Chairman)
		Prof Pippa Oakeshott
		Lord Stoneham of Droxford
		Mrs Elaine Colville
		Joseph Oakeshott
		Leonard Ernest Baker
Principal	Office:	15Queen Anne's Gate
		London
		SW1H 9BU
		United Kingdom
Charity Number:		1085500
Bankers:		Svenska Handelsbanken 5'"Floor		AB (pub)
		13Charles II Street
		London
		SW1Y 4QU
Stockbrokers:		Rathbone Brothers Pic
		George House
		50 George Square
		Glasgow
		G2 1EH
Property	Valuers:	Fleurets
		20-22 Bedford Road
		London
		WC1R4EB
Auditors:		Martin and Company	Audit Limited
		25 StThomas Street
		Winchester
		SO23 9HJ
Accountants:		J P Thornton &Co Limited
		The Old Dairy
		Adstockfields
		Adstock
		Buckingham
		MK182JE

				Note	Unrestricted	Unrestricted	Endowment	Endowment		2023		2022
						Fund		Fund		Total		Total
										Funds 8		Fundsf
INCOME AND	ENDOWMENTS		FROM
Investments				3		955,841				955,841		912,093
Other Income				4
Total					7	955841		.	E	955841	E	912093
EXPENDITURE	ON
Charitable activities				5		850 206		-		850 206		750 208
Total					E	850206	E	-	E	850206	E	75D206
Net Income						105,635				105,635		161,887
Net gains/(losses)		on investments		15				(1,805,185)		(1,805,185)		1,719,958
Net movement	in funds					105,635		(1,805,185)		(1,699,550)		1,881,845
RECONCILIATION		OF FUNDS
Total funds brought		forward				1013D90		18DII9531		17.D22.621		15140,77~
Total funds carried		forward			E	1118725	E	14204346	8	15323071	E	17022621

			Note		2023		2022
							E
Cash generated from operating activities: Net cash provided by (used in) operations			16	~8842 561		~5747 560
Cash flow from other sources:
Dividends, interest and rents	from	investments			955,841		912,093
Proceeds from sale of investments					152,511		717,500
				E	1 1DB352	E	1 629593
Application ofcash:
Purchase of investments				~60253		~607841
				~860253		~8807 841
Net increase/(decrease) in	cash				205,538		78,092
Cash at bank at beginning	ofthe year				380344		304 252
Cash at bank at year end				E	585882	E	380 344

6.	Direct c	osts ofCharitable Activities
			Year ended	Year ended
			31.3.23	31.3.22
			E
	Grants	made:
	Oxfam		550,000	500,000
	St Mungo's		100,000	100,000
	Emmaus	UK	50,000	25,000
	Shelter		150,000	125,000
			F850,000	6750,000
7.	Support	Costs
			Year ended	Year ended
			31.3.23	31.3.22
			E
	Management:
	Bank charges and nominee fees		206	206
			L206	F206

Fixed Asset	Investments
		2023	2022
		F.	k
Fair value at	1"April 2022	14,583,475	12,773,175
Addition		60,253	807,841
Disposals at	carrying value	(147,364)	(456,125)
Revaluations	in the year	(1,650,549)	1,458,584
Fair value at	31"March 2023	F12,845,815	814,583,475

10.	Property		Investments	Investments	Investments
									2023	2022
										6
	Valuation		at beginning			of	year		2,069,784	2,069,784
	Investment		in year
	Disposals		in year
	Revaluation gain(losses)						in year		(159,784)
									Lt,910,000	L2,069,784
	Investment		property		has been revalued			to show the	values provided by	professional
	property	valuers		since the			year end.
									2023	2022
									6	6
11.	Cash at	Bank
	Workman		LLP						26,791	19,578
	Handelsbanken			account					177,609	116,573
									F204,400	6136,151
12.	Cash at	Investment				Managers
	Monies held by			Investment			Manager on	deposit:
	Cash								6381,482	6244,192
13.	Debtors
	Insurance		paid	in advance						6,959
	VAT paid		in advance						3,443	3,311
	Bank interest								285
									63,728	610,270
14.	Creditors:		Amounts			Falling due within One Year
	Insurance		from	tenant		in advance			9,347	8,859
	HM Revenue 8			Customs			- VAT		10,010	12,392
	Royal &Sun Alliance					insurance			2,997
									L'22,354	521,251
										(Continued. ..)

15.	Fund				Unrestricted	Unrestricted	Endowment	Total
						Fund	Fundf	Fundsf
	Balance at 1"April 2022					1,013,090	16,009,531	17,022,621
	Surplus/(Deficit)	ofincome	for year			105,635		105,635
	Revaluation/(devaluation)		during	the	year		(1,805,185)	(1,805,185)
					f1,118,725		f14,204,346	F15,323,071

Reconciliation ofn	et inc	ome/(expenditur	e)	to net c	ash flow from Ope	rating Activitie
					2023	2022
						F
Net income/(expenditure)		(as per Statement		of
Financial Activities)					105,635	161,887
Adjustments for:
Dividends, interest,	rent from investment				(955,841)	(912,093)
(Increase)/decrease	in debtors				6,542	696
Increase/(decrease)	in creditors				1,103	3,850
Net cash provided by/(used		in) Operating	Activities		f(842,561)	f(745,660)