## ## |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],||(276,os61| |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|