## |Report of the Trustees|l to|3| |---|---|---| |Report ofthe Independent
Auditors|4 to|5| |Statement
of Financial Activities||| |Balance Sheet||| |Cash Flow Statement||| |Notes to the Cash Flow Statement||| |Notes to the Financial Statements|10 to|l5| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |
For The Year Ended|
30September 2|021||| |---|---|---|---|---| ||||2021|2020| ||||Unrestricted|Total| ||||fund|funds| |||Notes|E|| |INCOME FROM||||| |Investment
income|||452,420|352,564| |EXPENDITURE ON||||| |Portfolio management|||102|120| |Charitable
activities||||| |Charitable
Activities|||449,300|469,150| |Other|||18,464|24,510| |Total|||467,866|| |Net gains/(losses)
on|investments||2,219,041|{2,221,901)| |NET INCOME/(EXPENDITURE)|||2,203,595|(2,363,117}| |RECONCILIATION
OF FUNDS||||| |Total funds brought|forward||14,779,050|17,142,16?| |TOTAL FUNDS CARRIED FORWARD|||16,982,645|14,779,050| ## |BALANCE SHEET
30September
202X||||| |---|---|---|---|---| ||||2021|2020| ||||Unrestricted|Total| ||||fund|funds| |||Notes|E.|E| |FIXED ASSETS||||| |Investments|||15,167,689|9,501,019| |CURRENT ASSETS||||| |Cash at bank|||1,818,870|5,281,726| |CREDITORS||||| |Amounts
falling due within|one year|10|{3,914)|(3,695)| |NET CURRENT ASSETS|||1,814,956|5,278,031| |TOTAI ASSETS LESS CURRENT||||| |LXABXLXTIES|||16,982,645|14,779,050| |NET ASSETS|||16,982,645|14,779,050| |FUNDS||||| |Unrestricted
funds|||16,982,645|14,779,050| |TOTAL FUNDS|||16,982,645|14,779,050| ## |
For The Year Ended 30September 2|021||| |---|---|---|---| |||2021|2020| |Notes||E|| |Cash flows from operating
activities|||| |Cash generated
from operations|1|(467,647)|(463,901)| |Net cash used
in operating
activities||(467,647)|(463,901)| |Cash flows from investing
activities|||| |Purchase
of fixed asset investments
Sale offixed asset investments||(8,065,534)
4,617,905|(1,457,055)
1,125,697| |Interest
received||4,688|21,086| |Dividends
received||447,732|331,478| |Net cash (used in)/provided
by investing|activities|(2,995,209)|21,206| |Change
in cash and cash|||| |equivalents
in the reporting
period
Cash and cash equivalents
at the||(3,462,856)|(442,695)| |beginning
ofthe reporting
period||5,281,726|5,724,421| |Cash and cash equivalents
at the
end ofthe reporting
period||1,818,870|5,281,726| ## ## |OPERATING ACT|
IVITIES||||| |---|---|---|---|---|---| |||||2021|2020| |Net income/(expenditure)
the Statement
of Financial
Adjustments
for:||for the reporting
Activities)|period (as per|2,203,595|(2,363,117)| |(Gain)/losses
on investments||||(189,018)|81,118| |Interest received||||(4,688)|(21,086)| |Dividends
received||||(447,732)|(331,478)| |Unrealised
(Gains)/Losses
on||investment||(2,030,023)|2,140,783| |Decrease
in debtors|||||32,667| |Increase/(decrease)|in creditors|||219|(2,788)| |Net cash used in|operations|||(467,647)|(463,901)| ## ## |ANALYSIS OF CHANGES IN NET|FUNDS||| |---|---|---|---| ||At 1,10.20|Cash flow|At 30.9,21| |||E|| |Net cash|||| |Cash at bank|5,281,726|(3,462,856)|1,818,870| ||5,281,726|(3,462,856)|1,818,870| |Total|5,281,726|(3,462,856)|1,818,870| ## ## ## ## ## |For|
The Year Ended|
The Year Ended|
The Year Ended|30Septembe|r 202|
1||||| |---|---|---|---|---|---|---|---|---|---|---| |2.|INVESTMENT|||INCOME||||||| ||||||||||2021|2020| ||||||||||E|| ||Interest||||||||4,688|21,086| ||Dividends||||||||447,732|331,478| ||||||||||452,420|352,564| |3.|PORTFOLIO||MANAGEMENT|||||||| ||Investment||management||costs|||||| ||||||||||2021|2020| ||||||||||f|E| ||Portfolio management||||||||102|120| |4.|CHARITABLE||ACTIVITIES||COSTS|||||| |||||||||||Grant| |||||||||||funding
of| |||||||||||activities| |||||||||||(see note| |||||||||||5)| |||||||||||E| ||Charitable|Activities||||||||449,300| |5.|GRANTS|PAYABLE||||||||| ||||||||||2021|2020| ||||||||||E|| ||Charitable|Activities|||||||449,300|469,150| ||The total grants|||paid to organisations||during|the year was|as follows:||| ||||||||||Year ended|Year ended| ||||||||||30.09.21|30.09.20| ||||||||||E|E| ||Other Charitable|||organisations|||||449,300|469,150| |6.|SUPPORT COSTS|||||||||| ||||||||||Governance|| |||||||Management||Finance|costs|Totals| |||||||||E|E|| ||Other resources|||expended|||284|82|18,098|18,464| ## |Support|cost|s, included|in the above, are as follows:||| |---|---|---|---|---|---| |||||2021|2020| |||||Other|| |||||resources|Total| |||||expended|activities| |||||E|E| |Postage|and|stationery||284|379| |Bank charges||||82|68| |Auditors'|remuneration|||1,080|1,050| |Accountancy||||1,044|1,020| |Legal fees|||||546| |Consultancy||||15,974|21,447| |||||18,464|24,510| |AUDITORS'||REMUNERATXON|||| |||||2021|2020| |||||E|E| |Auditors'|remuneration|||1,080|1,050| |Auditor's|remuneration||- Non audit|1,044|1,020| |||||2,124|2,070| ## ## ## |FXXED A|SSET INVESTMENTS||| |---|---|---|---| |||2021|2020| |||E|E| |Shares||15,067,689|9,401,019| |Corporate|Bonds|100,000|100,000| |||15,167,689|9,501,019| ## ## |Additional
information
as|follows:|||| |---|---|---|---|---| ||||Cash and|| |||Quoted|settlements|| |||shares|pending|Totals| |MARKET VALUE||||| |At 1 October 2020||8,734,771|666,248|9,401,019| |Additions||3,887,803|4,177,731|8,065,534| |Disposals
Unrealised
gains/(losses)||(730,000)
2,030,023|(3,887,905)|(4,617,905)
2,030,023| |Realised gains/(losses)||189,018||189,018| |At 30 September 2021||14,111,615|956,Q74|15,067,689| |NET BOOK VALUE||||| |At 30 September 2021||14,111,615|956,074|15,067,689| |At 30 September
2020||8,734,771|666,248|9,401,019| |There were no investment|assets outside the UK,|||| |Cost or v|alua|tion
at 30 September 2|021 is represented
by:||| |---|---|---|---|---|---| |||||Cash and|| ||||Quoted|settlements|| ||||shares|pending|Totals| |||||E|E| |Valuation|in|2013|434,661|7?,127|511,788| |Valuation
Valuation
Valuation
Valuation
Valuation
Valuation|in
in
in
in
in
in|2014
2015
2016
2017
2018
2019|302,985
590,826
(704,001)
(4,041,988)
(63,571)
172,500|85,778
(120,647)
279,845
824,508
(946,385)
?83,426|388,763
470,179
(424,156)
(3,217,480)
(1,009,956)
955,926| |Vaiuation
Valuation|in
in|2020
2021|(2,221,901)
2,219,041|(344,453)
289,826|(2,566,354)
2,508,867| |Cost|||17,423,063|27,049|17,450,112| ||||14,111,615|956,074|15,067,689| |2021|2020| |---|---| ||E| |100,000|100,000| ## ## ## |10.|CREDI|TORS:|AMOUNTS
FALLING DU|E WITHIN ONE YEAR||| |---|---|---|---|---|---|---| ||||||2021|2020| |||||||F| ||Other creditors||||3,914|3,695| |11.|MOVEMENT IN FUNDS|||||| ||||||Net|| |||||At|movement|At| |||||1.10.20|in funds|30,9,21| ||||||E|E| ||Unrestricted||funds|||| ||General|fund||14,779,050|2,203,595|16,982,645| ||TOTAL|FUNDS||14,779,050|2,203,595|16,982,645| |Net mo|vement|in funds,
inc|lud|ed
in t|he abov|e are as f|ollows:|||| |---|---|---|---|---|---|---|---|---|---|---| |||||||Incoming|Resources||Gains and|Movement| |||||||resources|expended||losses|in funds| ||||||||E|||E| |Unrestricted||funds||||||||| |General|fund||||452,420||(467,866)|2,219,041||2,203,595| |TOTAL|FUNDS||||452,420||(467,866)|2,219,041||2,203,595| |Comparatives||for movement||in funds||||||| ||||||||||Net|| ||||||||At||movement|At| ||||||||1.10.19||in funds|30.9.20| ||||||||E||E|E| |Unrestricted||funds||||||||| |General|fund||||||17,142,167|{2,363,117)||14,779,050| |TOTAL|FUNDS||||||17,142,167|(2,363,117)||14,779,050| |Comparative||net movement|in|funds,|included|in the above are as follows:||||| |||||||Incoming|Resources||Gains and|Movement| |||||||resources|expended||losses|in funds| ||||||||E||E|F| |Unrestricted||funds||||||||| |General|fund||||352,564||(493,780)|(2,221,901)||(2,363,117)| |TOTAL|FUNDS||||352,564||(493,780)|(2,221,901)||(2,363,117)| ## |A curren|t yea|r 12 months
and prior ye|ar 12 months
combined
position|is as follows:|| |---|---|---|---|---|---| |||||Net|| |||||movement|| ||||1.10.19|in funds|| |||||f|| |Unrestricted||funds|||| |General|fund||17,142,167|{159,522)|16,982,645| |TOTAL|FUNDS||17„142,167|(159,522)|16,982,645| ## |the abo|
ve are|

as follows:|
|||,
| |---|---|---|---|---|---|---| ||||Incoming|Resources|Gains and|Movement| ||||resources|expended|losses|in funds| ||||E|||F| |Unrestricted||funds||||| |General|fund||804,984|(961,646)|(2,860)|(159,522)| |TOTAL|FUNDS||804,984|(961,646)|(2,860)|(159,522)| ## ##