## ## |Trustees|||ST Hargrave|ST Hargrave||||| |---|---|---|---|---|---|---|---|---| ||||D RS Moseley|||||| ||||M A Parkin|||||| |Charity number|||1106524|||||| |Company|number||05249160|||||| |Principal address|||Flat 2,47 Lambs Conduit Street|||||| ||||London|||||| ||||WC1N 3NG|||||| |Registered||office|Alexandra|House||||| ||||St.Johns Street|||||| ||||Salisbury|||||| ||||Wiltshire|||||| ||||SP12SB|||||| |Independent||Examiner|TT Midlands||Services|Limited|t/a TT Chartered|Certified Accountants| ||||First Floor,|2|Hampton|Court|Road|| ||||Birmingham|||||| ||||B179AE|||||| |Solicitors|||Wilsons|||||| ||||Alexandra|House||||| ||||St.Johns Street|||||| ||||Salisbury|||||| ||||Wiltshire|||||| ||||SP1 2SB|||||| ## ## |Table ofcontents||||| |---|---|---|---|---| ||||Page|| |Trustees'
Annua
I Report||||| |Statement ofTrustees'|Responsibilities|||| |Independent
Accountant's||Report||| |Funds Statements:||||| |Statement
of Financial|Activities|||| |Income and Expenditure|Account|||| |Balance Sheet||||| |Statement ofCash Flows||||| |Notes to the Financial|Statements|||10| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Statement of|Fi|nancia|l Activities for the year end|ed 31|March 2022|||| |---|---|---|---|---|---|---|---|---| ||||||Current year|Current year|Current year|Prior year| ||||||Unrestricted|Endowment|Total Funds|Total Funds| |||||o es|Funds|Funds||| ||||||2022|2022|2022|2021| ||||||E|6|E|E| |Income from:||||||||| |Donations
and|legacies|||||500,000|500,000|| |Investments|||||121,730||121,730|113,009| |Total income|||||121,730|500,000|621,730|113,009| |~E* e dit eo:||||||||| |Charitable
activities||||5|130,436||130,436|306,824| |Net gains/(losses)||on investments||||334,683|334,683|648,887| |Net incoming/(outgoing)|||resources before transfers||(8,706|834,683|825,977|455,072| |Gross transfers|between||funds|||||| |Net movement|in funds||||(8,706)|834,683|825,977|455,072| |Reconciliation|of|funds:||||||| |Total funds brought forward|||||403,955|3,564,521|3,968,476|3,513,404| |Total funds carried forward|||||395,249|4,399,204|4,794,453|3,968,476| ## |Summary
Inco|me and Expenditure
Account f|or the Year Ended 31 March 2022|| |---|---|---|---| |||All income funds|| |||2022|2021| ||||f.| |Gross income||121,730|113,009| |Total expenditure|from income funds|130,436|306,824| |Net (expenditure)|for the year|(8,706)|(193,815)| ## ## |The Hargrave
Fo
Balance Sheet as|undation
at 31 March 2022|||| |---|---|---|---|---| |||Notes|2022|2021| |Fixed assets||||| |Investments||12|4,761,130|3,647,720| |Current assets||||| |Cash at bank and in|hand||34,763|324,896| |Total current assets|||34,763|324,896| |Creditors: amounts
year|falling due within one|14|1,440|4,140| |Net current assets|||33,323|320,756| |The total net assets|ofthe charity||4,794,453|3,968,476| |The total net assets|ofthe charity are funded|by the funds ofthe|charity, as follows:|| |Capitalfunds||||| |Endowment
funds
—general|||4,399,204|3,564,521| |Income Funds||||| |Unrestricted
funds|||395,249|403,955| |Total charity funds|||4,794,453|3,968,476| ## |Statemen|t ofCash Flo|ws for t|he|Year Ended 31|March 2022||||| |---|---|---|---|---|---|---|---|---|---| ||||||Notes|2022||2021|| |||||||R|||| |Cash flows from operating||activities|||||||| |Cash generated
from/(absorbed
by)|||operations||17||366,864||(306,824)| |Investing|activities||||||||| |Purchase|of investments|||||(778,727)|||| |Interest and dividends
received||||||121,730||113,009|| |Net cash|generated
from|investing|activities||||(656,997)||113,009| |Net cash|used in financing|activities|||||||| |Net decrease
in cash and||cash equivalents|||||(290,133)||(193,815)| |Cash and|cash equivalents|at beginning||ofyear|||324,896||518,711| |Cash and|cash equivalents|at end|of|year|||34,763||324,896| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Donations|and legacies|||| |---|---|---|---|---| ||||Unrestricted|Unrestricted| ||||Funds|Funds| ||||2022|2021| ||||f|| |Donations|and gifts, including|Endowments|500,000|| |Investments||||| ||||Unrestricted|Unrestricted| ||||Funds|Funds| ||||2022|2021| |||||f| |Dividends|||121,700|112,827| |Interest on|cash deposits||30|182| ||||121,730|113,009| ## ## |Charitable|activiti|es||| |---|---|---|---|---| ||||Research and|Research and| ||||welfare|welfare| ||||2022|2021| |||||f| |Grant funding|ofactivities (see note 6)||126,000|301,250| |Share ofgovernance||costs (see note 7)|4,436|5,574| ||||130,436|306,824| |Analysis
by|fund|||| |Unrestricted|funds||130,436|106,824| |Restricted funds||||200,000| ||||130,436|306,824| ## |||Research and|Research and| |---|---|---|---| |||welfare|welfare| |||2022|2021| |Grants to|institutions:||| |The Virtual|Doctors|10,000|10,000| |University|ofEast Anglia|30,000|30,000| |Other institutions||86,000|261,250| |||126,000|301,250| ## |Governance
costs|||| |---|---|---|---| |||2022|2021| ||||f| |Audit fees|||3,140| |Non audit fees||1,440|1,000| |I egal and professional|fees|367|367| |Bank and broker charges||2,629|1,067| |||4,436|5,574| ## ## |2022|2021| |---|---| |Number|Number| ## ## |11|Net gains/(losses)
on|investments||| |---|---|---|---|---| ||||2022|2021| ||(Losses)/gains
on listed|investments|334,683|648,887| |12|Fixed assets investments|||| |||||Listed| |||||investments| |||||F| ||Cost or valuation|||| ||At 1 April 2021|||3,647,720| ||Additions|||778,727| ||Valuation
changes|||334,683| ||At 31 March 2022|||4,761,130| ||Carrying
amount|||| ||At 31 March 2022|||4,761,130| ||At 31 March 2021|||3,647,720| ||Fixed asset investments|revalued||| ## ## |Analysis
of net as|sets bet|ween funds|||||| |---|---|---|---|---|---|---|---| |||Unrestricted|Endowment||Unrestricted|Endowment|| |||fund|funds|Totalfunds|fund|funds|Total funds| |||2022|2022|2022|2021|2021|2021| |||||E|||| |Fund balances at 31|March||||||| |2022 are represented|by:||||||| |Investments||361,926|4,399,204|4,761,130|83,199|3,564,521|3,647,720| |Current assets/(liabilities)||33,323||33,323|320,756||320,756| |||395,249|4,399,204|4,794,453|403,955|3,564,521|3,968,476| ## ## ||||||||2022|2021| |---|---|---|---|---|---|---|---|---| ||||||||F.|E| |Surplus
for the year|||||||825,977|455,072| |Adjustments
for:||||||||| |Investment|income recognised||in|statement|offinancial|activities|(121,730)|(113,009)| |Fair value|gains and losses on||investments||||(334,683)|(648,887)| |Movements|in working|capital:||||||| |Decrease|in creditors|||||||| |Cash generated
from/(absorbed||||by) operations|||366,864|~306,824|