2021-04-05-accounts

Trustees			Edward George Cox	Edward George Cox	Edward George Cox
			Mrs Wendy	Marion	Cox
			Miss Lucinda Jane		Cox
			Miss Claire	Philippa	Cox (retired		on 16August 2020)
Secretary			Edward George Cox
Administrative		offic	4th Floor
			5 Chancery	Lane
			London
			WC2A 1LG
Charity number			1096359(England		and Wales)
Company	number		4680886 (England		and Wales)
Independent		examiner	Mr Darren Austin-Smith			TEP
			4th Floor
			5 Chancery	Lane
			London
			WC2A 1LG
Investment	Managers		Ruffer LLP
			80 Victoria Street
			London
			SW1E5JL
Bankers			Coutts & Co
			440 Strand
			London
			WC2A 3QG
Solicitors			New Quadrant Partners			Ltd
			4th Floor
			5 Chancery	Lane
			London
			WC2A 1LG

			Unrestricted	Unrestricted
			Funds	Funds
			2021	2020
		Notes
Incoming resources
Incoming resources from generated		funds
- Investment income			7,826	2,583
Donations and legacies			100,000
Total incoming resources			107,826	2,583
Resources expended
Charitable activities			223,000	125,000
Governance costs			7,405	9,619
Total resources expended			230,405	134,619
Net (outgoing) resources
before other recognised	gains	and losses	(122,579)	(132,036)
Gains/(losses) on the revaluation		and disposal ofinvestments:
- Realised			24,130	112,391
- Unrealised			273,505	1,520
Net movement in funds for	the year		175,056	(108,570)
Total funds brought forward			1,690,118	1,798,688
Total funds carried forward			1,865,174	1,690,118

				Notes	2021		2020
Fixed Assets
Investments
Listed Investments						1,755,717		1,607,082
Cash with investment		manager				618		1,605
						1,756,335		1,608,687
Current assets
Cash at bank and	in hand			8	114,718		76,716
Prepaid administration		fees			5,121		4,715
					119,839		81,431
Creditors:
Amounts falling	due	within	one year	10	(11,000)
Net current assets						108,839		81,431
Total net assets						1,865,174		1,690,118
Represented by:
Income Funds
Unrestricted	Fund					1,865,174		1,690,118

						Total Funds	Prior Year
							Funds
						2021	2020
Cash flows from operating activities:
Net cash provided by (used in) operating		activities				(71,179)	(272,068)
Cash flows from investing activities:
Dividends and interest from investments						7,826	2,583
Proceeds from sale of investments						249,000	184,000
Net cash provided by (used in) investing		acdvltles				(185,647)	(85,485)
Change in cash and cash equivalents	in the					37,015	(14,217)
reporting period
Cash and cash equivalents at the beginning				ofthe		78,321	92,538
reporting period
Cash and cash equivalents at the end	of	the		reporting	period	115,336	78,321
Reconciliation of net movements in funds			to	net cash	flow
from operating activities
Net movement in fund for the reporting			period			175,054	(108,570)
Adjustments for:
Dividends and interest from investments						(7,826)	(2,583)
(Increase)/decrease in stocks						(249,000)	(184,000)
(Increase)/decrease in debtors						(407)	(1,180)
Increase/(decrease) in creditors						11,000	(65,000)
Net cash provided by (used in) operating		activities				(71,179)	(272,068)
Analysis ofcash and cash equivalents
Cash in hand						114,718	76,716
Cash with brokers						618	1,605
Total cash and cash equivalents						115,336	78,321

			2021	2020
2.	Investment	Income	E	E
	Dividend	income	7,826	2,583
			7,826	2,583

			2021	2020
aritable	activities		E	E
Grants	payable to institutions	(see below)	223,000	125,000
			223,000	125,000

			2021	2020
				E
Grant	commitments	at 6 April 2020		65,000
Grants	agreed during the period		223,000	125,000
Grants	payable		223,000	190,000
Grants	paid during	the period	(212,000)	(190,000)
Grant	commitments	at 5 April 2021	11,000

		2021	2020
Grants Payable		E	E
Afghan Connection			15,000
Castlehaven Community	Association	20,000	10,000
Change Foundation		20,000	10,000
Clic Sargent		20,000	10,000
Demelza Hospice		15,000	5,000
Carried forward		75,000	50,000

							2021	2020
	Grants payable (continued)						f	6
	Balance brought	forward					75,000	50,000
	Hopefield Animal	Sanctuary					2,000
	Keech Hospice						20,000	10,000
	M&C Foundation						15,000
	Ollie Foundation						5,000
	REACT						20,000	10,000
	Rennie Grove Hospice Care						20,000	10,000
	Southwark Tigers							10,000
	St Albans Cathedral		Education	Trust			19,000	9,000
	St Christopher Hospice						20,000	10,000
	Streatham Youth						10,000
	SYTC						10,000	10,000
	WDRA						2,000
	WLDA							1,000
	Youth Talk						5,000	5,000
							223,000	125,000
							2021	2020
5.	Governance Costs						f	6
	Administration costs		(inclusive	of Independent	Examination	fees)	7,405	9,619
							7,405	9,619

Investments: Listed on a recognised	Stock Exchange	2021	2020
			6
Market Value at 5 April 2020		1,607,082	1,767,615
Disposals (proceeds: f249,000 gain f24,130)		(224,870)	(162,053)
Additions		100,000
		1,482,212	1,605,562
Net unrealised gain/(loss) in year		273,505	1,520
Market Value at 5 April 2021		1,755,717	1,607,082
Cash held with Investment Manager		618	1,605
Cost of listed investments at 5 April 2021		641,253	633,147

							2021	2020
10.	Creditors:		Amounts	falling due within one year			f	6
	Donations	made prior		to year end			11,000
							11,000
11.	Unrestricted		funds
					Balance as	Incoming	Resources	Balance as
					at 5 April	Resources	Expended	at 5 April
					2020 6			2021f
					1,690,118	405,461	(230,405)	1,865,174