2021-04-05-accounts

					Page
Reference and administrative details ofthe Charity, its Trustees and advisers
Trustees' report					2-3
Trustees' responsibilities statement
Independent auditors'	report on the financial statements				5-8
Statement offinancial	activities
Balance sheet					10
Statement ofcash flows
Notes to the financial	statements				12-24
The following pages do	not form part ofthe	statutory	financial	statements:
Charity Detailed income and expenditure		account

			Unrestricted	Endowment	Total	Total
			funds	funds	funds	funds
			2021	2021	2021	2020
		Note	E	E	E	6
Income and endowments		from:
Investments			53,418		53,418	176,031
Other income			88,361		88,361	20,129
Total income and	endowments		141,779		141,779	195,160
Expenditure on:
Chadtable activities:
Grant making			762,991	425,722	1,188,713	1,419,158
Total expenditure			762,991	425,722	1,188,713	1,419,158
Net expenditure			(621,212)	(425,722)	(1,046,934)	(1,222,998)
Transfers between	funds	13	621,212	(621,212)
Net movement in funds before other recognised gains/(losses)				(1,046,934)	(1,046,934)	(1,222,998)
Other recognised	gains/(losses):
Net gain/(losses) on investments				24,630,245	24,630,245	(6,901,530)
Net foreign exchange (losses)/ gain on investments				(4,681,013)	(4,681,013)	2,423, 756
Net movement in	funds			18,902,298	18,902,298	(5, 700,772)
Reconciliation of	funds:
Total funds brought	forward			45,482,227	45,482,227	51,182999
Net movement in funds				18,902,298	18,902,298	(5, 700,772)
Total funds carried forward				64,384,525	64,384,525	45,482,227
The Statement offinancial		activities includes	all gains and losses	recognised in the year.

			BALANCE SHEET	BALANCE SHEET
			AS AT 5 APRIL 2021
					2021		2020
			Note		6
Fixed assets
Investments					50,748,223		43,316,557
					50,746,223		43,316,567
Current assets
Debtors			10	22,962		1,133,995
Cash at bank	and in	hand		13,670,436		1,790,694
				13,693,398		2,924,689
Creditors: amounts year		falling due within one	11	(57,096)		(759,029)
Net current	assets				13,636,302		2,165,660
Total assets	less current liabilities				64,384,525		45,482, 227
Total net assets					64,384,525		45,482,227
Charity funds
Endowment	funds		13		64,384,525		45,482 227
Unrestricted	funds		13
Total funds					64384525		45,482,227

								2021	2020
							Note	5
Cash flows from operating		activities
Net cash	used in operating	activities					15	(1,395,389)	(760,537)
Cash flows from investing		activities
Dividends	and interest from	investments						52,556	161,447
Proceeds	from sale of investments							51849065
Purchase	of investments							(38,220,456)	(10)
Interest received								862	14,584
Net cash	provided by investing activities							13,682,027	176,021
Change	in cash and cash	equivalents		in the year				12,286,638	(584,616)
Cash and	cash equivalents	at the beginning			ofthe year			1,790,694	2,375,310
Change in cash and cash equivalents			due to exchange			rate movements		(406,896)
Cash and cash equivalents		at the end		of	the year		16	13,670,436	1,790,694

	Unrestricted	Total	Total
	funds	funds	funds
	2021	2021	2020
		E
Income from UK listed investments	52,556	52,556	161,447
Bank interest receivable	862	862	14,584
	53,418	53,418	176,031
Total2020	176,031	176031

		Unrestricted	Total	Total
		funds	funds	funds
		2021	2021	2020
			E
Foreign exchange	gains			20,129
Gift aid receivable		88,361	88,361
		88,361	88,361	20,129
Total2020		20,129	20,129

		Grant
		funding of activities	Support costs	Total funds	Total funds
		2021 6	2021	2021	2020f
Grant	making	728,400	460,313	1,188,713	1,419,158
Total	2020	1,376,699	42459	1,419,158

Analysis ofsupport costs	Analysis ofsupport costs
		Grant	Total	Total
		making	funds	funds
		2021	2021	2020
			6	6
Accountancy	fees	6,965	6,965	10,127
Auditors remuneration		5,640	5,640	5,190
Professional	costs	21,986	21,986	17,666
Bank charges		18,826	18,826	9,475
Foreign exchange losses		406,896	406,896
Total 2021		460,313	460,313	42459
Total 2020		42459	42,459

							2021 6	2020f
Grants to institutions							728400	1376699
							728,400	1,376,699
The total grants paid to institutions				during		the year was as follows:
							2021	2020
							E
Community	development
Busoga Trust COESA							253,000	330,000 24,499
Health and	welfare
Acorns Children's Hospice		Trust					20,000	20,000
Centrepoint	Soho						28600	26000
Helen and Douglas House							18,700	17,000
NSPCC							18,700	17,000
Royal British Legion Shelter							6,600 17,600	6,000 16,000
The Trussell	Trust						100,000
Environment	and heritage
The Woodland Trust							16,500	15,000
Education
St Edmund	Hall - Emergency		Building		Repair Appeal 2020		107,700
St Edmund	Hall - Student	Recruitment/Data				Analyst	50,000	50,000
St Edmund	Hall - Tutorial	Fellowship						697,700
The King's School Worcester			—Bursary		Funds		91,000	157,500
							728,400	1,376,699

					2021	2020
					6
Fees payable accounts	to the Charity's	auditor	for ihe audit of the Charity's	annual	5,640	5,190
Fees payable Accountancy	to the Charity's services	auditor	in respect of:		3,930	3,930
All non-audit	services not included above				4,320

Fixed asset investments
	Listed	Unlisted
	investments	investments	Total
	6	6	6
Cost or valuation
At 6 April 2020	3,348,064	39,968,503	43,316,567
Additions		38,220,456	38,220,456
Disposals Revaluations	(3,348,064)	(32,932,972) 5,492,236	(36,281,036) 5,492,236
At 5April 2021		50,748,223	50,748,223

The following	investments	were unlisted outside the UK
			2021f	2020 8
Market value at 6 April 2020			38,203,929	42 889,044
Net unrealised	investment	gain/(loss)	5,323,983	(4,585,115)
Additions			38,220,456
Disposals			(32,932,972)
			48,815,396	38,203,929
Historical cost	at 5 April 2021		43,417,696	37,931,911

Debtors
	2021	2020
	F
Due within one year
Other debtors	22,962	1,133,995
	22,962	1,133,995

2021 6	2020f
57,096	759,029

Financial	instru	ments
									2021f	2020
Financial	assets
Financial	assets	measured	at	fair	value	through	the	SoFA	50,746,223	43,316,567

Statement of fu	nds - prior year
	Balance at 1April 2019 E	Income f	Expenditure	Transfers inlout 8	Gainer (Losses)	Balance at 5April 2020 5
Unrestricted
funds
Unrestricted
income fund		196,160	(1,409,682)	1,213,522
Endowment
funds
Endowment Fund	51,182999		(9,476)	(1,213,522)	(4477774)	45482227
Total of funds	51,182,999	'I96,160	(1,419,158)		(4,477,774)	45,482227

	Unrestricted	Endowment	Total
	funds	funds	funds
	2021	2021	2021
	6	E	6
Fixed asset investments		50,748,223	50,748,223
Current assets	57,096	13636302	13,693,398
Creditors due within one year	(57,096)		(57,096)
Total		64,384,525	64,384,525

	Analysis of net	as	sets betw	een f	unds - prior year
						Unrestricted	Endowment	To/a/
						funds	funds	funds
						2020 f	2020 f	2020f
	Fixed asset investments						43,316,567	43,316,567
	Current assets					759,029	2,165,660	2,924,689
	Creditors due within		one year			(759,029)	-	(759,029)
							45,482 227	45,482,227
	Total
15.	Reconciliation	of net movement			in funds to net cash flow from operating		activities
							2021f	2020f
	Net expenditure	for	the year (as per Statement of Financial			Activities)	(1,046,934)	(1,222 998)
	Adjustments for:
	Dividends, interests		and rents	from	investments		(53,418)	(176,031)
	Increase/(decrease)		in creditors				(701,933)	638,392
	Loss on foreign	exchange					406,896
	Net cash used	in operating		activities			(1,395,389)	(760,637)
16.	Analysis ofcash and cash equivalents
							2021	2020
	Cash in hand						13,670,436	1,790,694
	Total cash and	cash equivalents					13,670,436	1,790,694