2021-05-01-accounts

Trustees	BaronessNeubergerDBE
	ProfessorAnthony Neuberger
	Sheila Spalding
	Dr Katie Petty-Saphon
	LadyBrittanDBE
	Dr RebeccaMurray
Charity number	1091870
Principaladdress	SWTrust
	POBoxI2327
	Colchester
	co64xE
lndependentexaminer	SaileshMehta
	c/oHW FisherLLP
	Chartered Accountants
	AcreHouse
	11-15WilliamRoad
	London
	NW13ER
Eankers	National WestminsterBankPlc
	HeadOffice
	41 Lothbury
	London
	EC22BP
Solicitors	Payne Hicks BeachLLP
	10 New Square
	Lincoln's lnn
	London
	WC2A3Q

	Page
Trustees'report	1-3
lndependent examiner's report	4
Statement of financial acfivities	5
Balancesheet	5
Notesto the financial statements	7-13

		Unrestricted	Restricted	Total	Unrestri cted	Restricted		Total
		funds	funds		funds	funds
		2021	2021	202L	2020	2020		2020
	Notes	e	f	C	f	E		f
lncomefrom:
Donations andlegacies	3	43,450	2t,830	71,290	42,784	19,000		6r,784
lnvestments	4		24,805	24,805		44,533		44,533
Total income		43,460	s2,63s	96,095	42,784	53,533		706,3t7
Expenditure on:
lnvestment management
costs			7,085	7,085		9,000		9,000
Charitable activities	5	38,825	289,358	328,193	31,598	22L,535		253,133
Total resources expended		38,825	296,453	335,278	31,598	230,535		262,133
Netgains/(losses) on
investments	10		147,937	t47,937		(120,280)		(r2o,28o)
Netincoming/(outgoing) resources before transfers		4,635	(ss,881) (sr,245]' 11,186			(287,2821		(276,oe6|
Grosstransfers between
funds					(t,2o4l	1,204
Net movement infunds		4,635	(ss,881).97,245l			s,s82	(286,078],
Fund balancesat 2 May
2020		33,785	I,248,7L9	L,282,504	23,803	L,534,797	1,558,500
Fundbalancesat1May
2021		38,420	1,152,838	1,L97,258	33,785	r,248,779	r,282,504
							:

		m2L		:uo
	lletsg	f	€	a	t
Flr.dr'sdtr
lnvesrmcntS	1l		71L879		L096,88?
Cs?rrntlslgtr
CxhSbankrndinhrnd		497,7?8		J00,dlt
Crcdltff!:lmoritr ftl[nrdurwlrhlnonit6rt	1t	{12,r99)		{r4,?rri}
Nttcul'tfiassate			4?9,379		185,622
fotirl r3tGt'Iff3cfirrsnt ll*blli60s			1,191,2s8		1,rs?,5ns
tncomgfund!
ii€rirlc:tfal {unds	ta		1,15t,838		t,248,7t9
;Jnrastractedfunds			38,.tlO		33,?85
			1,191,258		1,?82JOr

	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	funds	funds		funds	funds
	202t	202L	2021	2020	2020	2020
	f	E	f	€	f	f
Donationsandgifts	43,460	27,830	:*'	42,784	19,000	67,784

4	Donationsandgifts lnvestments :*' 27,830 43,460	19,000 42,784	67,784
		Restricted	Restricted
		funds	funds
		2021	2020
		f	f
	lncomefromlisted investments	T7,II3	31,458
	lnterestreceivable	7,692	13,075
		:'"*	44,533
	Allinvestment income in202tand2020 wasrestricted.
5	Charitableactivities
		2021	2020
		f	f
	Grant funding of activities(seenote6)	283,701.	2t5,735
	Shareof supportcosts (seenote7)	37,625	30,918
	Shareof governancecosts (seenote7)	6,867	6,480
		11'*	253,133
	Analysisbyfund
	Unrestricted funds	38,825	31,598
	Restricted funds	289,358	221,535
		328,L93	253,L33
			:
6	Grants payable
		2021	2020
	Grantstoindividuals(73grants)	I 283,70t	f ':!'

Support costs
	supportcosts	Governance	2O2lSupportcosts		Governance	2020
		costs			costs
	€	f	ff		f	f
Admininistrativecosts	37,625		37,625	30,918		30,918
lndependent examination		6,867	6,867		6,480	6,480
	37,625	:-	:'*'	30,918	_:'*	37,398
Analysedbetween
Charitable activities	37,525 :	:,'"	:'^"	30,918	6,480	37,398

	Restricted	Restricted
	funds	funds
	2021	2020
	f	f
Revaluationofinvestments	84,498	(112,568)
Gain/(loss) onsaleof investments	63,439	17,6t2l
	L47,937	(120,280)

Lt	Fixed assetinvestments
		Listed		Cashin	Total
		investments		portfolio
		f		C.	f
	Costorvaluation
	At2May2020	L,O73,747		23,135	1,096,882
	Additions	95,222			95,222
	Valuationchanges	84,188			84,188
	Disposal	(ss1,989)			(ss1,989)
	Cashmovements			112,424)	(t2,4241
	At1May2021	701,168		LO,7It	7Lt,879
	Carryingamount
	At 01 May2021	701,168		to,7rr	7tt,879
			:
	At01 May2020	7,O73,747		23,t35	1,096,882
12	Financialinstruments			202t	2020
				e	€
	Carryingamountoffinancialassets
	Equityinstruments measuredatfairvalue			7LL,879	!,096,882
			:
	Carryingamountoffinancial liabilities
	Measured at amortised cost			72,399	14,795
13	Creditors: amountsfallingduewithinone year
				202!	2020
				f	f
	Tradecreditors				3,120
	Accrualsand deferred income			12,399	TL,675
				12,399	14,795

			Movementinfunds				Movementinfunds	Movementinfunds
	Balanceat 2 May 2019	lncoming resourtes	ResourcesTransfers expended		lnvestments gains/losses	Balanceat zMaV2O2O	resources lncoming	expended Resources	lnvestments gains/losses	Balanceat 1May 2021
	E	f.	€f		f	f	E	f	f	f-
WestheimerTrust	L,537,739	44,533	(199,331)		(120,280)	t,256,66t	24,805	(278,1141	I47,937	r,75r,289
Brittanscholars		15,000	(t6,2O4)	7,204
Marksscholars	3,058	4,OOO	(1s,000)			(7,9421	27,830	(18,339)		L,549
	r,534,797	63,s33	(230,s3s)	t,2o4	(r2o,280],	1,248,719	52,635	{296,453],147,937		7,t52,838

15	Analysisof netassetsbetween funds	Analysisof netassetsbetween funds
	Unrestricted		Restricted	Total	U nrestricted	Restricted	Total
		funds	funds		funds	funds
		2021	2021	2021	2020	2020	2020
		f.	f	E	t	f.	f
	Fundbalances at1May
	202!arerepresentedby:
	lnvestments		71r,879	717,879		1,096,882	1,096,882
	Currentassets/(liabilities)	38,420	440,959	479,379	33,785	151,837	L85,622
		_:'^	1:i1	1,r91,258	33,785	1,248,7L9	1,282,504