Charlty Roglstration No. 1092476
THE EDNA LINNELL CHARITABLE TRUST
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022
Prepared by..
Brachers LLP
SomerlTgld HoL¢se
59 London Road
Maidstone
Kent
ME16 8JH

THE EDNA LINNELL CHARITABLE TRUST
CONTENTS
Page
Legal and admlnlslratlve Inform81ion
TTuslee report
Independent examlner's rgport
Slalem8nl of financlal acl'vilies
Balance sheet
Notes to the accounts
8-14

THE EDNA LINNELL CHARITABLE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustoe
Brachers Trust Corporation Llmlled
{Chrislopher Erlksson-Lee r8presgntingl
Charlty number
1092476
Roglster¢d 0ffl¢g addr088
Somerfield House
59 London Road
Maidstone
Kant
ME16 8JH
Indopondent examlner
M Wllkgs FCA
Azels Audit SeNlces
Globe House
Eclipse Park
Slttlngboume Road
Maidslone
Kenl
ME14 3EN
Sollcltors
Brachers LLP
Somarfield House
59 London Road
Maidslone
Kent
ME16 8JH
Inv&8tmènt *d￿s0
Iney Asset Management Service5 Limlted
6 Chesterfield Gardens
Mayfair
London
W1J 5BQ

THE EDNA LINNELL CHARITABLE TRUST
TRUSTEE REPORT
FOR THE YE4R ENDED 28 FEBRUARY 2022
The Iru8ts0 tepresenta1fv81 The Trustse'l presents theirreport and th8 unaudlted flnanTral 5talèments of th8 charfly for
the year &r￿ed 28 February 2022. The Tru8t8e has gdopt8d the provislons of the Stalwent of ReGommended Prad¢e
ISORPI"A¢countsng and Rgporbng by char￿&s. IFRS 1021 In prepadNJ the annual report and finandal statements of
thg charity.
Thefln8ndal 8tat8menls have bgon p￿pared in accord8nce vllth the accounting pollde8 8el out in tho notes to tho
accounts ar￿ comptywth Ihe charity's governing document. Ihe cha￿tleS Act 2011 and knwunting Reporting by
Cha￿tIeS.. Statement of Recomm8nded Pracllce applicable to charities P￿parfng their ￿￿Unts in accordan¢8 with the
Flnancial Reportlru Standard appll¢able in the UK 8nd Republlc of Irel8nd published in Octobgr2019.
Tru8te8 of th8 Gharlty
Th8 Trustee who Sarved durfru tho year and since the yearerKI w88 as lollows=
Brachars Trust Corporabon Limited IAs8lgned direotor- Mr Chrfstoph¢r Eriksson-Le81
Brachgrs Tnjsl Corporatlon Limited romaln Ihe 8ppolnt8d trustee ￿ttt MrChrf5topher Erfksson-Lee taklng an active role
85 8ssiqned Iru8t6e rèpffj$gnlalive Sn his capacity as director of Br8chers Trust Corporallon Limited. He Is 88818ted by
gela Jarvls who1$ 8 Trust Manager ol Brach8rs Trust Corwration LSmlted.
Oblectlvas and ￿tI¥ll1&S
The Edna Llnr*ll Charltable Trust's objectives are to apply the Income and the whole or such part or part8 of the capStal
as thgy In thelr disGWtlon thinkfit, to or for the benofit of the Mahartshl Foundation IGBI or to orforthe b8nefit of such
olherexclu8ively charitabla objecis gnd purp08es in the UK or ift any other part of the wortd.
The poll¢l&s adopted In furthgrance of the Edna Llnnell Ch8rflabl8 Trust's oblective5 are to r8cognise the Importance of
lh8 Maharfshl Foundation as the prlncSpal 0￿￿clIVe of the ¢h8rily and to support other charits"e8 to wtrK>m the late Mrs
Unn811 wi5had io provide grants, In particular lo ch8rii85 helplro relief ol Sufferlng of animals.
Th8 Edna LIrtr￿lI Charftabl& Trust own8 att 8e.86% share of a property, 29 Abdale Road, Shepherds Bu8h, London,
which18 consld8red to be suit8ble for the programme of the Maharfshl F0Ulldati￿. Thg remainiru shar8 of the property
is owned by The Surya Trust Ichatty Regi8tiation No. 2918541.
Durfng the y8ar. the Twst68 continued wth thèlr programrna of dOnat￿n8, Ix)nUnulng lo asslst the Maharf8hi Foundatlon.
Th8 51rategy Is to m8inlaln a con88rvaUvo Investment programm8 designed to achieve income along wlth capitsl growth
In ord8r to 8U5taln a long-t6m grant-making programme.
On 18 September 2020, the charlty provKled th8 M8harishl Foundalon wfth a thSrd party legal mortgage of £130,000.
Ongoing grants ar8 revlewed by the Trustee ann￿allY and th8 Trustee exaMI￿S requests lor fundiro from diff8r8nt parts
of th8 Mahad5hl Foundation. The Trustee Is also 8ware of other ¢harilles to whom lh8 late th Llnnell wlshed to provide
grants, In particular to ¢harilie5 helping the rellef ol 8uff8rlng ol anlmals, and Is able to award grants to 8uch ¢hariti&s on a
Case by case ba81&

THE EDNA LINNELL CHARITABLE TRUST
TRUSTEE REPORT {CONTINUEDI
FOR THE YEAR ENDED 28 FEBRUARY 2022
Publlc b8nefft 8ta¢emont
Th8 Trustee confirms that they have referred to the guldance contalned In th6 Charlty Q>mm1s51on's General Guidance
on publlc bonefilwhen r￿￿e￿Ing the alms 8nd Obje￿Yes, planning future activities, and setting th8 granl-making pollcy
forth& year.
Achiev8mants and ￿rf0mlan¢9
During the year 8nd8d 28 February 2022, the Trustoè approved grant5 totalllng £24,313. The Maharfshl School ra￿1Ved
£24,313 to fund Transcendental Medilation (TMI instruct￿n for prirnary school and earfy y8archildron.
Rfrvtow of flnanclal p081flon anil &ctlvltle8
The rt8ult8 forthe year are setout on page 6.
Total Income for the year amounted to £27.48112021.. £27,995). G￿nIS payable of £24,31312021 .. £15,3131 are sgt out
in note 3. After acttsunting for investment management arK1 related co$ts1£12.5991 and olher¢osts1£26,9831 the fur
curred a net deficil of £38.414 bèfo￿ recognising net investm8nt tortfolh) gal￿. Reallsed galns of £10,149 and
unreallsed galns of £21.780 on tho Investment porttollo were also re¢ogni5ed in the year.
Golng concern
The Trustee has consldered the impact of lh8 CO￿ Pandemlc on the charttl8 funds and operatlons. He bellev88
adequate steps have beèn taken to mitioate the extènt of any adverse impact and ha5 no reason lo believe that
commilled grant funding obligation8 al 28 February 2022 wlll not be futh'lled.
Plansfor tha fuluro perlods
The Trustee will conlinufy to revlew the trust InV8Stments, in conslderalion of curr8nl matket condltK)n8, 8fter r￿1￿7￿9
considerlng advice olstod(brokèrs, and in the context of grant applications r8celved.
Reserves Ilncluding Reserves Pollcyl
Th& Trustee Intends to build funds which shoukl grow in rgal terms in orderto provlde funds forfutu￿ charitabl8 use.
The value of the reserves 81 thg ygar end was £2,526,49412021.. £2,530,979). The Trustee bolleves this to be adequate
to support Ihe ch8ritls conllnued o￿lationS lo pro￿de a fund for except￿￿￿1 grants when th￿ arise from tim& ¢0
tlme.
11 is the polley of the ¢harltyto ulllmately tnalntaln'free resèrv8$' Ib&Sng fhat elern￿t on the unreslrfcted reserv8s whlch Is
notfunding investments) of approximately one yearfs running ￿St$.
AS at 28 February 2022, the free reserve5 of *h8 charfty amouniad lo £185,40012021.. £216,3031. The Trustee ¢onsid8rs
the closing level as sufflcient to support their anlidpaled grant maklng expenditure In the followlw Iw8lve months,
Including any unfo￿Seen urgenlch8ritsble appllcationg.
De$￿Trated fund8 at 28 Fgbruary2022 total £2,341,09412021.. £2.314,8761- se8 note 11 for dotsllg.
Rlsk management
The Trustee has reviewed th8 major risk5 tD which the charity Is expgsed and sygtetn8 hav8 been establishod lo mitigat&
these risks. The fund8 Invested and tfKJ8e held on deposit are subj&cl to the corn ￿lance proeodure5 of both the charivs
Inve5tmanl 8dvlsors and Brachèrs LLP.

THE EDNA LINNELL CHARITABLE TRUST
TRUSTEE REPORT ICONTINUEDI
FOR THE YEAR ENDED 2B FEBRUARY 2022
stru¢ture, govèrnan￿ and mana9gm8llt
The Edna Linnell Charitable Trust W85 establi5had and18 govèmed ty a Iru5t deed pursuant to the Will ol Edna
Rosemarle Linnell dated 20 Fobwary 1997. Edna R05emari8 Linnell dled on 6 JAN8ry 1999. The trust Is a reg18tered
¢harity (charity number 109247ei.
The trust has a stralghtforward structure as R exists prfnclpally foi tho purp08e of mabng grants to worthy tharltable
rau5e5, t)etails of the twstee boarf ar9 Qutllnod on Page 2. Th8 Trusle? considers the fulure as w811 as eAstlng
Inv88tmènt Is$u88 and donabon8.
On behalf of thèTrustee
C Erlks$on-Lee on behalf ol
Brachers TTUSt Corporatlon Llmlled
Dat￿.. 161 I ILIIOLZ

THE EDNA LINNELL CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEE OF THE EDNA LINNELL CHARITABLE TRUST
I report to th8 trust88 r8pr8sentsUve on my &xarninatlon of Ihg a¢￿Unts of The Edna LSnnell Charitable Trust for yEar &r￿ed 28
February 2022, which are sel out on page$ 6 to 14.
Rosponslblllt188 and ba$1$ of report
A5 the cha￿ty Trustee of the Trust you are re5ponsiblo for the preparal'on of the a¢wunts in sccorcf8n1￿ wllh the requlrements of
the Charit188 Act 2011 Ithe'A¢t'l.
I report in resp8ct of my examlnatlon of Ihe Tru8Vs accounts carried out under $￿tIon 145 of tha 2011 Act In (tnwng out my
oxamlnatlon I hav8 followed 811 the appllcable Dire(Xiorbs given by the Charity Commls$lon under Section 14515llbl of the ACL
Independent gxamln&rf$ statement
I have completed my examinat￿n. I cJ)nfirm that rK) mat8d81 mattets have come to my attention In eonn8Ctk)n wth the ex8mlnatlon
gfving me cause to bellevg that In any material respect..
a￿OUn￿ng rewrd3 wer8 not kept In respect of the Trust as required by sethon 130 of the Aot,. or
tho aco)unts do not al￿[d %￿th those r8o)rds,' or
the acwunls do not comply with the applicable reouirements conceming the form and content of accounts 58tout In thè
Charities (Accounts Report51 Regulations 2008 otherthan any requ1￿ment that the aizounts glve a Yru8 8nd falr
vlew whlch 18 not a matter consldered as part ol an Independent examination.
I hav6 no (x)ncems 8nd have come across m other maller8 In connect￿ll with th8 examlnation to which attentSon should be drawn
In this r&port in order to enable a prowr urforstandlng of the 8ccounts to b6 r8ach8d.
M Wllkes FCA
gts Audlt Servl¢8s
Globe House
E¢llpse Park
sit￿ngboumtt Road
Maid8ton8
Kent. ME14 3EN
Date-.
19 Dec8mb81 2022

THE EDNA LINNELL CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 28 FEBRUARY 2022
Unrestricted
Funds
2022
Unrestrictéd
Funds
2021
Notes
Income from:
Investmanl Income
27,481
27,995
Tot81 Income
27,481
27,995
Expendlture on:
Charflable act￿lI1e8 (Grants payable)
Costs of raldng funds
Other costs
24,313
12,599
26,983
15,313
10,700
26,842
Total expondlturo
63.895
52,855
Net expenditura
136,414)
124.860)
Nel galnslllossos} on investmènts
31,929
146,906
Net movgment In fund8
14,4851
122.046
Total funds brought foNard
2,530,979
2,408,933
Total funds carri8d forward
2,626,494
2,530,979

THE EDNA LINNELL CHARITABLE TRUST
BALANCE SHEET
AS A T 28 FEBRUARY2Q22
2022
2021
Notos
Flxed assets
Investment properties
Llslod invèstments
Programme Related Investments
807,253
1,524,565
52,078
807,253
1.504,246
60,478
2,383,896
2,371,977
Curront assets
Debtors due wllhln 1 year
Debtors due In more than 1 year
Cash al bank and in hand
85
133,170
28,687
139,020
7,912
Total curr•nt assèts
146,932
161,942
Credltor8.' amounts falling dua
wlthin on8 yaar
10
{4,334}
12.940)
Net Gurrgnt assetsllllabllltSesl
142,598
159,002
Ngt assets
2,526,494
2,530,979
Charity funds
Unreslrfcled funds
Designated funds
General funds
11
2,341,094
185,400
2,314,676
216,303
Total unreslrfcled funds
2,526,494
2,530,979
The accounts were approved by the Trustee on
C Eriksson-Lee on behalf of
Brachers Trust Corpo¥alion Limltsd
Tiustèe

THE EDNA LINNELL CHARITABLE TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 2B FEBRUARY2022
Ac¢ountlng pollcl¢$
General InfotTn4tlon and basls of proparatlon
The Edna Linnell Charitable Trust IS 8 charlty reglstered wlth th8 Charfty ComrTri5sh)n in E￿land and Wal6s
(registered numb8r 10924761. The add￿$$ of the wi$tsr8d oftice is given In the Charity Infomalon on pago 1 of
these flnanclal statement5. The nature of the charitys oper8tions and principal adviI98 8re to r8cognEe the
Im￿rtanCe of the Maharf8hi Foundation 8nd lo support that charltable or5an1sallon and other charrtSes with aims
and obj&ctives wllh which the orlglnal Se£t]or Ith8 late Mrs Linnelll would havè been In 8gr6emenl based on her
legaGywshg5.
The charity conslltutes a publlo benefit enllty as deflned by FRS 102. The financial 8tatemont8 havo been prepared
In accordancg wllh Accounliro and Reportlng by Charilie8.' Ststem8nt of Recx)mm8nd6d PmctiC8 applS¢ab18 to
¢harltles preparing Ih8ir accounts in 8ccordanc8 tho Flnancial ReFX)rtlng Standard 8pplicabl& in the UK and
Republ1¢ of Ireland IFRS1021 i55ued In 2019, the Flnancial Reportlng Standard applicable In Ihg Unltod lQ"ngdom
and R9publl¢ of Ireland IFRS1021, tre Charill8s Act 2011 and UK GenerallyAccepted Praelic6.
The eharity has opted not to prepare a cash flowsta18m8ntforth8 fin8ncial period. as pemltted by the 2019
Sta19ment of Rgcomrnended Practice.
The linandal statsm8nt8 have beon prePa￿d to give a trug snd faIr￿e￿, and have departed from the charities
IA¢counts and Rèports) R8gulatK>ns 2008 only to the ext6nt requlr8d to PrO￿de a'true 2nd falr view,. Thls
d8parturo has involved followiw the Ac¢ounling and ReportlrvJ by Chadb'85.' Statement of reoommended Pracffjce
applicab16 to c*)arSJes prepariro th8Sr sccounts In accordancè with the Flnancial Rts￿rtIng St8ndard appllcable in
the UK and R&publicof Iroland IFRS 1021 issued In 2019.
The flnanclal statements are prepared on a golng u)ncem bas18 underthe hlsloriGal wst cOnvent￿n. modified to
include certain items Bt fairvaluè. The flnandal statem8nt8 S￿ pr88ented in sterliry whlch18 th8 funouonal
currerty of the charity and round8d to the naar8st £.
The signlficant 8C(X)L4ntlng policies opplled In the preparation ol th&s8 financial stst8ments are selout below.
These polldes have been o)nslst8ntly applied lo all years pr88enled unl8&8 othe￿Se stalgd.
Funds
The funds held by the charlty are unrestrl¢t8d funds wh￿h can be used in aceordance wlth the charftable oblectlv&s
at the discretion of the Trustee.
DeSIgnat￿ funds cotnpd$8 funds whl¢h have bèen set 8sldè at the dlscretlon of th8 Trustee for specific purp08es.
The purposes 8nd uses of Ihe de8ignated fu￿5 are satout In th8 notes to the finand813tatements.
Incorne recognltlon
Donations, legacies and other forrns of voluntary Inc¥)m& arg r8cognised 88 In￿Me hvhen recelvablg. 8x¢8pt Insolar
as they 8re Incapable of flnandal mea$ur8ment.
In￿rne from Inve$bY8nts is reryonised when reeeivable.
1A
Expendlturg rocognltlon
All oxpgnditure is accounted for on an accnjals b881$ and has b99n classEfied urvjer headlngs that aggrewte All
costs related to tho rategory.
Grant expendituro Is rocognlsed th8n awarded tti the reclplent. The expense is included on an acwals b851s In Ihe
year In whth 8 legal or construotivo obligation to pay1￿ grant ark80$.
C08t5 of ralsing fund5 are those Inv98tmenl manageM￿lf888 for both ￿n￿me generation and (apltsl tnalntenance.
Charltable actSwtles Indude expgndllure associatsd with th8 making of grants donatlons 8nd IrKlude txith the
dlrect rL)sts and indireci costs r8lating to these 80tfvities, on an accruals ba61s.

THE EDNA LINNELL CHARITABLE TRUST
NOTES TO THE ACCOUNTS ICONTINUEDI
FOR THE YEAIR ENDED 29 FE8RUARY2022
1A
Exponditura recognlllon Icontlnuedl
Irrocovèrable VAT 18 charged agalnsl the category of r680urce expended for which itwas incurred.
Investmènt Propertie
Investm8nt properti88 forwhlch falr vBlue can be measured wllablywthout undu& rA)$t or effort are me8sured atfair
vallse at each ￿pOrtIng datè and changes In falrvalue roeogniBed in'n81 gainsllloss&sl on inveslmenls, In the
ststernenl of Financial Aelivi118s ISOFAI. A Trustee opinion of falr value is provided wh8rg bl b beligved thatthe
benefit of obtsinlng an ￿￿ependent valualon would be exceeded by the time a￿lDr cosl ol securing such a
valua￿On.
In¥eBtm$nt$
Investments a￿ reeognised at f8k valu8 vthl¢h Is normally the trans8¢tion prfce excluding IransaclDn costs.
Subsequently they ar8 m8asur8d at falr value Mth recognlsed Sn 'net gainsllo8se5 on Investments, in the
SOFA if shares aro publicly traded Dr their fair valu8 can othErwi5e b8 measu￿d reliably. Realised profits and
bss8s arfslng on investment dlsposal8 ar8 rwnlsed In the SoFAwhen the prO￿ed$ are receivable.
Programme related invagtmenls are i￿luded al loan investment cxjst 188s planned repaym8nl8 by the charttable
bentrficiary, le88 any provlslon fordlmlnish5ng value, or impalmient.
Debtors and Crèditors recalvable I payable within one year
Debtors and fftdltors with no stat￿ interest rale arKI receivabl8 or payable wthin one y8ar ar8 re¢orded at
Irans8CtSon pri(x. Any losses arislng from Impairm8nt are recogntsed in expendiluro.
Impalment
Ass818 not m8a8ur8d al fair value are revi8wed for ary Indlcatlon that the asset may be ImpaI￿d at each balance
sheet date. If such Sndication e￿￿ts, the recnv&r8ble atnount of th8 a888t. or the asset's cash g8n8rdllng unll Is
6slimated and compar8d to the c8rrylrvJ amounL Where the carr)4ng amount exceeds 11$ r6¢0vgrable amount, an
irnpairment loss 1$ recognised in profit or Ioss unl8s$ the assol Is Garfed at a revalued amount wh&re th8
Impalment loss Is a revaluatK>n da￿eaSe.
1.90
Tax
The tharlty Is an 9xempt charity withln th8 m88ning of schedule 3 of the Charlties Act 2011 and is con81dered to
pas5 the test5 58t out in Paragraph 1 Schedule e Finance Acl2010.
1.10
Golng Concern
The finan¢lal ststemenls hav& been prBpared on 8 golng concèrn ba818 88 th& Trustee bèllevts8 that no material
uncertainties exist. The Trustee ha8 ¢onsIde￿d the lev81 of fuAls held and the expected levgl of ￿ncome and
8xpenditur8 for 12 months from authorising Iheso f5nan¢lal staternenls. They b8lleve the antirdpated 8xpenditu
wlll bo ad6qualelylundsd given the 8xisting level of reserves for lh8 charty to b& able to continuo 88 9 going
concem.
1.11
Judgements 2nd key $ourG85 of estlmatlon un¢ortalnty
In the Application ol tho chadlvs accounuw pollcle$, th6 Truste8 Is r8qulred to makeludgem8nts. e3Imates and
888umplion8 about the ¢arrylng arnount of assets and Ilabilltlès that are rK>I roadlly apparentfrom oth8r sources.
The estlmates and associated 88sumptions are based on historic81 expgden¢e and other factors Ihal are
nSIder￿ to bg relgvant. A¢tual results may drffer from trese &stimatès. Histr)ri¢8lly areas of judgement have not
had a material Impaot on the charitys financial statements.
The 8stima188 and V￿￿rIy￿ng assumptk>ns are reviowed on an ongoing b88is. R8vlsions to a¢¢ounting 88tlmates
are recognised in th6 period In whlch the esumate Is remsed wh8re th8 revlsion gffects only that Poriod, or In the
period of th& revision ar￿ future perfods where the r8vislon affects both currenl and future perlods.

THE EDNA LINNELL CHARITABLE TRUST
NOTES TO THE ACCOUNTS {CONTINUED>
FOR THE YEAR ENDED 28 FEBRUARY 2022
Investment InGom6
2022
2021
Income from Ilsled inveslm8nts
Inleresl recelvable
21,631
5.850
24.824
3.171
27,481
27,995
Expendliurg
2022
2021
Charitable activitlos
Grants to inslilutbons '.
Calchlng Lives
Maharishi Foundation
1,000
14,313
24,313
24,313
15,313
R&conciliatlon of grants payab19
Commltsnents al 1 March 2021
Commitments made in the year
Grar)ts pald durtng the year
14,000
15,313
{29,3131
24,313
{24,313)
Commitments al 28 F&brLJary 2022
Costs of raislng funds
Investment managers, fees
LEI number
12,527
72
10,628
72
12,599
10,71X)
10-

THE EDNA LINNELL CHARITABLE TRUST
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY2022
2022
2021
Expenditure {Gontinuèdl
other costs
Management, admlnlslrafjon and accounts production
Independent examlnallon fees
Accountancy fees pald lo Independent examlner
Properly costs
Withholdlng lax
14,995
2,520
480
8.871
117
23,673
2.340
738
91
26,983
26.842
Total
,895
52,855
Trusta8 and kay manag8mant porsonal remuneration and expenses
The Trustee lor any persons connected with them) dld not rocelve or walve any remuneration durlng tho
year.
The Trustee dSd not have any expenses relrllbursed durfng the y88r.
During the year the trust was charged £14,99512021.. £23,673) forlggal advlce. accounts production, and
day lo day admlnistrallon by Brachers LLP, a flrm of sollcllors, of which Mr C Erlksson-Lee Ilruslee
represenlalive during the year) was a partner. At the year end the tru81 owed £1,814 {2021.. £nil} lo
Brachers LLP.
Employogs
There were no employe6s durbng the year.
Invgstment properties
Land and
buildlng$
Falr valu9
Al 1 March 2021 and at 28 February 2022
807.253
The most recent open market valuallon of the investrnenl property lan 86.660/D share in 29 Abdale Road,
Shapheids Bush, London} was made September 2015. The Trustee is of the oplnlon that the slated
faSr value for the property remains relevanl and appropllate al 28 February 2022.
The property Is used on a rent free basls by the Maharish5 Foundallon.

THE EDNA LINNELL CHARITABLE TRUST
NOTES TO THE ACCOUNTS ICONTINUEDI
FOR THE YEAR ENDED 28 FEBRUARY 2022
Listed Invastmant$
2022
2021
Market value al 1 Mar¢h 2021
Disposal proceeds
Acqulsillon8 al cost
Reallsed galns on inveslm$nts
Unrealisedltsssos on inveslmènls
1.446,945
1145,5321
148,421
1,532.061
{724,7651
492,743
10,149
21.780
15ri,070
13,1641
Nel galnsl{lossesl on Investments
31,929
146,906
Market value at 28 February 2022
1,481,763
1,446,945
Cash held for Investment
42,802
57,301
a￿0( value at 28 February 2022
1,524,565
1,504,246
HSslorical costs of Invesmgnts
1.298,973
1,302,00
Thè portfollo was comprised as fotlows..
Equllles
Fixed Interèst Securflles
A11ernalNe Ass81s
Cash
610,358
172,257
699.148
42.802
721,129
199,394
526,422
57.301
1,524.565
1.504,246
Material Investments Icomprfslng more than 5% of Ihg charity's overall share portfolio by value} al 28
February 2022 were 9s fol￿$..
Lionlrusl Speolal Siluatlon8
RIT Capltal Partners
Link fund Solutions Capila Trojan X
Fundsmllh LLP
87,932
91,575
77,118
77,064
12-

THE EDNA LINNELL CHARITABLE TRUST
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUAR Y2022
Programme Related Invo$tmonls
Loan balBnc¢ at 1 March 2021
60,478
Movèment in year Irepaymentsl
Loan balan¢e al 28 F8bTuary 2022
18,4001
52.078
The orfglnal loan was made lo the Blaeklhorn Trust In 2013 and was for £105,171. It was made
on an Interest fr88 basis and remains repayable ovèr 20 years. A fLJrther arnounl of £7,906 was
added lo the loan In 2016, repayable over th& oxisllng lemi of the loan. As of 30 Novèmber 2017.
a sum of £700 Is to be repald monthly. The loan Is secured over the freehold property owned by
the Blackthom Trust. The Investment fundlng was made lo furth&r the Trusvs charltable aims and
lo enablg the advancement of the charflable purposes of the Blackthorn Trust.
The Blackthom Trust Is a registered charity (No. 11179791 provldlng medlcal care. speciallsl
Iheraples and rehabilitation lo peopla ￿th mgnt81 and physioal hèalth difflculties or learnlng
difficulties, alming lo assist individuals lo pr(gress towards Ihelr full polgnllal.
Debtors
2022
2021
Amounts due within one year..
Othèr debtors
85
Amounts due In more than one year..
Other debtors
Loans receivablè
9,020
130,000
3,170
130,000
139,020
133,255
On 6 September 2019, a loan was m8de to Ihg Mahadshl Foundation for £130,000. The loan is
due lo be repaid in full on 6 Septsmb6r 2024. Interest Is charged at a rale of 4.50A per annLJm, to
be paid in cash on lermSnaUon of the loan. The loan Is secured on the followlng property.. Tho
Peace Palace, Gardfjnla Close, Rendlesham. Woodbridge, Suffolk, England.
io
Creditors: amounts falllng du$ withln one year
2022
2021
Grants payable
Other creditor8
4,334
2.940
4,334
2,940
13-

THE EDNA LINNELL CHARITABLE TRUST
NOTES TO THE ACCOUNTS {CONTINUEDI
FOR THE YEAR ENDED 28 FEBRUARY2022
11
Deslgnated funds
1 March
New Designatlons 28 Febwary
2021 doslgnations
ralaased
2022
Properly fund
Investment fund
807,253
1,507,423
807,253
1,533,841
180,35D
1153.932)
1153.9321
2,314,676
180,350
2,341,094
1 March
New Deslgnallons 28 February
2020 design8tlons
reloased
2021
Property fund
Inveslmgnl fund
807,253
1.598,839
807,253
1.507,423
639,649
1731,0651
1731,0651
2,406,092
639,649
2,314,676
Property fund - thls fund holds the sharg in the inveslmant property which is used by the Mahadshl
Foundation.
Investsnenl fund - thtr$8 funds are Invested lo maximise total retum and generate nel income.
12
Rolated party trans4ctlons
The charSty dld not enter into any relat6d party transa¢tli)ng during the ygar12021.. £nil} othtrr than
those sllpulaled In note 4.
14-