2022-04-05-accounts

				Page
Reference and administrative	details of	the Charity,	its Trustees and advisers
Trustees' report				2-3
Trustees' responsidilities 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
Charity Detailed income and	expenditure	account

			Unrestricted	Endowment	Total	Total
			funds	funds	funds	funds
			2022	2022	2022	2021
		Note	E	6	E
Income and endowments	from:
Investments			436		436	53,418
Other income				454,489	454,469	88,361
Total income and endowments			436	454,489	454,925	141,779
Expenditure on:
Charitable activities:
Grant making			1,976,393		1,976,393	1,188,713
Total expenditure		5	1,976,393		1,976,393	1,188,713
Net (expenditure)/income			(1,975,957)	454,489	(1,521,468)	(/, 046,934)
Transfers between funds		13	1,975,957	(1,975,957)
Net movement in funds before other
recognised gains/(losses)				(1,521,466)	(1,521,468)	/1,046,934)
Other recognised gains/(losses):
Net gain/(losses) on investments				(5,429,842)	(5,429,842)	24,630,245
Net foreign exchange (losses)/ gain on
investments				2,551,345	2,551,345	('4,681,013)
Net movement in funds				(4,399,965)	(4,399,965)	18,902,298
Reconciliation offunds:
Total funds brought forward				64,384,525	64,384,525	45,482 227
Net movement in funds				(4,399,965)	(4,399,965)	18,902,298
Total funds carried forward				59,984,560	59,984,560	64,384,525

				BALANCE SHEET	BALANCE SHEET
				AS AT 5 APRIL 2022
						2022		2021
				Note		6
Fixed assets
Investments						47,615,354		50,748,223
						47,615,354		50,748,223
Current assets
Debtors				10			22,962
Cash at bank		and in hand			12,385,840		13,670,436
					12,385,840		13,693,398
Creditors: amounts			falling due within one
year				11	(16,634)		(57,096)
Net current	assets					12,369,206		13,636,302
Total assets		less current liabilities				59,984,560		64,384,525
Total net assets						59,984,560		64,384,525
Charity funds
Endowment	funds			13		59,984,560		64,384,525
Unrestricted		funds		13
Total funds						59,984,560		64,384,525

					Note	2022 6	2021f
Cash flows from operating	activities
Net cash used in operating	activities				15	(1,993,893)	(1,395,389)
Cash flows from investing	activities
Dividends and interest from	investments						52,556
Proceeds from sale of investments						254,372	51,849,065
Purchase of investments							(38,220,456)
Interest received						436	862
Net cash provided dy investing activities						254,808	13,682,027
Change in cash and cash	equivalents in		the year			(1,739,085)	12,286,638
Cash and cash equivalents	at the beginning		ofthe year			13,670,436	1,790,694
Change in cash and cash equivalents		due to exchange		rate movements		454,489	(406,896)
Cash and cash equivalents	at the end of		the year		16	12,385,840	13,670,436
The notes on pages 12to 24 form part		of these financial		statements

	Unrestricted	Total	Total
	funds	funds	funds
	2022	2022	2021
	E		E
Income from UK listed investments			52,556
Bank interest receivable	436	436	862
	436	436	53,418
Total2021	53,418	53,418

		Unrestricted	Endowment	Total	Total
		funds	funds	funds	funds
		2022 F	2022 E	2022 F.	2021f
Foreign exchange	gains		454,489	454,489
Gift aid receivable					88,36'I
			454,489	454,489	88,361
Total2021		88,361		88,361

		Grant
		funding of	Support	Total	Total
		activities	costs	funds	funds
		2022	2022	2022	2021
		6	6	F	8
Grant	making	1,950,826	25,567	1,976,393	1,188,713
Total	2021	728,400	460,313	1,188,713

		Grant	Total	Total
		making	funds	funds
		2022 5	2022f	2021 8
Accountancy	fees	1,998	1,998	6,965
Auditors remuneration		5,922	5,922	5,640
Professional	costs	17,647	17,647	21,986
Bank charges				18,826
Foreign exchange losses				406,896
Total 2022		25,567	25,567	460,313
Total 2021		460,313	460,313

							2022	2021
							6
Grants to institutions							1,950,826	728,400
							1,950,826	728,400
The total grants paid to institutions				during		the year was as follows:
							2022 f	2021 f
Community	development
Busoga Trust							790,000	253,000
Ensemble	Pour La Difference						72,000
Health and	welfare
Acorns Children's Hospice		Trust					22,000	20,000
Centrepoint	Soho						31,500	28,500
Helen and	Douglas House						20,600	18,700
NSPCC							20,600	18,700
Royal British Legion							7,300	5,600
Shelter							19,400	17,600
The Trussell Trust								100,000
Environment and heritage
The Woodland Trust							18,150	16,500
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					713,026
The King's	School Worcester		- Bursary		Funds		186,250	91,000
							1,950,826	728,400

						2022 5	2021f
Fees payable	to the Charity's	auditor		for the audit ofthe Charity's	annual
accounts						5,922	5,640
Fees payable	to the Charity's	auditor		in respect of:
Accountancy	services					4,122	3,930
All non-audit	services not included		above				4,320

	Unlisted
	investments
	5
Cost or valuation
At 6 April 2021	50,748,222
Revaluations	(3,132,868)
At 5 April 2022	47,615,354

			2022 6	2021f
Market value at 6 April 2021			48,815,396	38,203,929
Net unrealised	investment	gain/(loss)	(3,665,663)	5,323,983
Additions				38,220,456
Disposals				(32,932972)
			45,149,7'l3	48,815,396
Historical cost	at 5 April 2022		43,417,696	43,417,696

	2022 6	2021f
Due within one year
Other debtors		22962
		22962

2022 E	2021 f
16,634	57,096

Statement offu	nds - prior year
	Balance al			Transfers	Gainsr	Balance at
	1April 2020	income 9	Expenditure	(cloutf	(Losses)	5April 2021 5
Unrestricted
funds
Unrestricted
income fund		141,779	(762,991)	621,212
Endowment
funds
Endowment
Fund	45,482,227		(425,722)	(621,212)	19,949,232	64,384,525
Total offunds	45,482,227	141,779	(1,188,713)		19,949,232	64,384,525

Analysis	of net assets between funds - cur	rent year
		Unrestricted	Endowment	Total
		funds	funds	funds
		2022	2022	2022
		6		6
Fixed asset investments			47,615,354	47,615,354
Current	assets	16,634	12,369,206	12,385,840
Creditors	due within one year	(16,634)		(16,634)
Total			59,984,560	59,984,560

14.	Analysis	of net	assets between	assets between	funds (contin	ued)
	Analysis	of net	assets between		funds - prior	year
							Unrestricted	Endowment	Total
							funds	funds	funds
							2021 5	2021 E	2021f
	Fixed asset investments							50,748,223	50,/48, 223
	Current assets						57,096	13,636,302	13,693,398
	Creditors	due within one year					(57,096)		(57,096)
	Total							64,384,525	64,384,525
15.	Reconciliation		of net movement		in funds to	net cash flow from operating		activities
								2022	2021
								E
	Net expenditure		for the year (as per Statement			of Financial	Activities)	(1,521,468)	(1,046,934)
	Adjustments for:
	Dividends,	interests and rents		from investments				(436)	(53,418)
	Decrease	in debtors						22,962
	Decrease	in creditors						(40,462)	(701,933)
	Gain/Loss	on foreign exchange						(454,489)	406,896
	Net cash	used	in operating	activities				(1,993,893)	(1,395,389)
16.	Analysis	ofcash and cash equivalents
								2022	2021
								E	E
	Cash in hand							12,385,840	13,670,436
	Total cash and		cash equivalents					12,385,840	13,670,436