2022-12-31-accounts

Incorporating Income and Expenditure Accoun For the yearended 31 December 2022	t
		2022	2021
	Notes
INCOMING RESOURCES
Investment and similar income	3		115,851
TOTAL INCOMING RESOURCES			115,851
RESOURCESEXPENDED
Charitable activities	4	910,954	792,695
TOTAL RESOURCES EXPENDED		910,954	792,695
NET INCOME/(EXPENDITURE)		832,740	(676,844)
RECONCILIATION OF FUNDS
Total funds brought forward			27,247,662
TOTAL FUNDS CARRIED FORWARD		27,403,558	26,570,818
All funds received are unrestricted.
There were no other recognisedgains or losses.
All amountsderive from continuing activities.

		2022	2021
	Notes
CURRENT ASSETS
Cash at bank			28,283,716
TOTAL ASSETS
CREDITORS: amountsfalling due within one year	5		(931,773)
TOTAL ASSETS LESS CURRENT LIABILITIES		27,924,017
CREDITORS: amounts falling due beyond one year	6	(520,459)	(781, 125)
NET ASSETS		27,403,558
REPRESENTED BY:
FUNDS OF THE FOUNDATION
Unrestricted Funds		27,403,558
TOTAL FUNDS OF THE FOUNDATION		27,403,558

3.	INVESTMEN	T AND SIMILAR	INCOME
				2022	2021
	UK bank deposit interest			60,375	2,058
	Exchange differences				113,793
				1,743,694	115,851
4.	CHARITABLE ACTIVITIES
				2022	2021
	Grants made	— Note 9		909,609	936,300
	Reduction in	previous commitments			(151,980)
	Netdiscounts charged/(credited)		— Note 10	(10,506)	2,497
	Governance	costs - Audit fee		4,567	4,349
		- Administration costs		1,962
		- Bank charges		110	311
				6,639	4,660
	Exchange differences			5,212	1,218
				910,954	792,695

	2022	2021
Grants payable	1,475,720	927,448
Accruals	10,854	4,325
		931,773

			2022	2021
	Grants payable - Note 10		520,459	781,125
7.	TRANSACTIONS WITH TRUSTEESAND RELATED	PARTIES
	There were no transactions with related parties during2022 or 2021.
8.	TAXATION
	The Foundation is exemptfrom tax on income and gains arising in pursuit of		its charitable objects.
9.	GRANTSMADE
			2022	2021
	Institutional grants made:
	Science		565,760	790,000
	Supporting advancements in medical science by creating the
	infrastructure necessary for long-term medical research and
	innovation.
	Education		255,000	61,000
	Supporting a range of projects in the area ofeducation, notably
	thosefocussed on helping improve access to education for the
	disadvantaged.
	Arts			800
	Partnerships with organisations to help widen access to the	visual
	and performing arts.
	Heritage			2,500
	Supporting projects that preserve heritage sites and important
	cultural icons now and for future generations to enjoy and learn
	from.
	Environment		8,849	12,000
	The Trust supports a diverserange oforganisations that work to
	protect the environment; from migratory sharks in our oceans to the
	spectacular diversity ofplants and fungi that populateour planet.
	Social Good		80,000	70,000
	Helping people and communities, particularly those mostvulnerable
	and in need of support, is an important part ofwhatwe do.
	New Commitments		909,609	936,300
	Reduction in previous commitments			(151,980)
	Exchange differences		5,322	1,218
	Increase in commitments		914,931	785,538

GRANTS MADE (continued)
	2022	2021
Reconciliation of grants payable:
Commitments at I January		2,896,030
Increase in commitments	914,931	785,538
Grants paid	(616,709)
Commitments at 3 1 December		1,710,448
Payable within one year		927,448
Payable beyond one year	532,950	783,000

	2022	2021
Commitments payable beyond one year at I January	783,000
Discount to commitments at I January	(1,875)
Carrying value of discounted commitments at I January	781,125	1,229,212
Amounts committed during the year	82,950
Reduction in previous commitments		(73,490)
Exchange differences	(110)	354
Finance chargeattributed to:
Discount increased (2021reduced) oncommitments at 1 January	(8,672)	2,497
Discount applied tonew commitments made during the year	(1,834)
	(10,506)	2,497
Commitments becoming due within one year	(333,000)	(377,448)
Commitments at 31 December at carrying values	520,459	781,125