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|Trustee|Directors|Directors|J Johansson||||
|---|---|---|---|---|---|---|
||||SJohansson||||
||||C E Napora||(Appointed|30 March|
||||||2022)||
|Secretary|||C E Napora||||
|Charity|number||1130025||||
|Company||number|06882190||||
|Principal|address||10 Lansdowne|Road|||
||||London||||
||||W11 3LW||||
|Registered||office|10 Lansdowne|Road|||
||||London||||
||||W11 3LW||||
|Accountants|||Moore Kingston|& Smith LLP|||
||||6th Floor||||
||||9Appold Street||||
||||London||||
||||EC2A 2AP||||
|Solicitors|||Morgan
Lewis &Bockius LLP||||
||||Condor House||||
||||5-10St Paul's Churchyard||||
||||London||||
||||EC4M 8AL||||
|Investment||advisors|Citi Private Bank||||
||||25 Canada Square||||
||||Canary Wharf||||
||||London||||
||||E144QA||||
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||||Page|
|---|---|---|---|
|Trustees'
report|||1-3|
|Independent
examiner's||report||
|Statement
offinancial|activities and income and expenditure||5|
|account||||
|Balance sheet|||6-7|
|Statement
ofcash flows||||
|Notes to the financial|statements||9-14|
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||||||Unrestricted|Unrestricte|
|---|---|---|---|---|---|---|
|||||||d|
|||||||funds|
|||||||2020|
|||||Notes|||
|Income from:|||||||
|Investments|||||28,005|32,877|
|Ex enditure
on:|||||||
|Charitable
activities|||||87,581|151,936|
|Net gains on investments|||||138,198|(2,138)|
|Net incoming/(outgoing)|||resources||78,622|(121,197)|
|Other recognised||gains|and losses||||
|Other gains or|losses||||(7,935)|(65,935)|
|Net movement|in funds||||70,687|(187,132)|
|Fund balances|at 1 January 2021||||808,387|995,519|
|Fund balances|at|31 December 2021|||879,074|808,387|
##
|||||2021||2020||
|---|---|---|---|---|---|---|---|
||||Notes|F||||
|Fixed assets||||||||
|Investments|||10||978,822||840,624|
|Current assets||||||||
|Cash at bank and|in|hand||13,587||192,431||
|Creditors: amounts||falling due within||||||
|one year||||(113,335)||(166,352)||
|Net current
(liabilities)/assets|||||(99,748)||26,079|
|Total assets less|current liabilities||||879,074||866,703|
|Creditors: amounts||falling due after||||||
|more than one year|||12||||(58,316)|
|Net assets|||||879,074||808,387|
|Income funds||||||||
|Unrestricted
funds||||||||
|General
unrestricted||funds||879,064||808,377||
|Share capital||||10||10||
||||||879,074||808,387|
||||||879,074||808,387|
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|||||||2021|||2020||
|---|---|---|---|---|---|---|---|---|---|---|
|||||Notes||||F|||
|Cash flows from operating|||activities||||||||
|Cash absorbed
by operations|||||||(206,849)|||(287,630)|
|Investing|activities||||||||||
|Proceeds|on disposal of investments|||||||398,801|||
|Interest received|||||28,005|||32,877|||
|Net cash|generated
from|investing|||||||||
|activities|||||||28,005|||431,678|
|Net cash|used in financing||activities||||||||
|Net (decrease)/increase||in|cash and|cash|||||||
|equivalents|||||||(178,844)|||144,048|
|Cash and|cash equivalents||at beginning|ofyear|||192,431|||48,383|
|Cash and|cash equivalents||at end of|year|||13,587|||192,431|
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|2|Investments|Investments||||||
|---|---|---|---|---|---|---|---|
|||||||Unrestricte|Total|
|||||||d||
|||||||funds|2020|
|||||||E||
||Income|from investments||||28,005|32,877|
|3|Charitable
activities|||||||
|||||||2021|2020|
||Grant funding
of activities|||(see note 4)||79,183|134,047|
||Share ofgovernance||costs (see note 7)|||8,398|17,889|
|||||||87,581|151,936|
|4|Grants|payable||||||
|||||||2021|2020|
|||||||f.|E|
||Grants to institutions:|||||||
||Church|ofSweden|||||10,000|
||Kent Place school|||||1,113||
||Morgan|Library and|Museum|||25,970|91,070|
||MouseTrap|||||5,000|5,000|
||Stanford|University||||37,100|16,977|
||Victoria|&Albert Museum||||10,000|10,000|
||Walking|With The Wounded|||Charity||500|
||Whizkid|- The Movement||for|Non-Mobile||500|
|||||||79,183|134,047|
|||||||79,183|134,047|
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|Governance|costs||||
|---|---|---|---|---|
||||2021|2020|
||||F||
|Legal and professional||costs|1,598|11,289|
|Independent|Examiners|Fees|6,800|6,600|
||||8,398|17,889|
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|2021|2020|
|---|---|
|Number|Number|
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||||Unrestricted
Unrestricted|Unrestricted
Unrestricted|
|---|---|---|---|---|
||||funds|funds|
|Revaluation|of|investments|(138,198)|85,126|
|(Gain)/loss|on|sale of investments||(82,988)|
||||(138,198)|2,138|
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|Fixed asset investments||||
|---|---|---|---|
||Listed|Other|Total|
||Investments|investments||
|Cost or valuation||||
|At 1 January 2021 &31 December 2021|640,624|200,000|840,624|
|Net gain/(loss)
on revaluation|138,198||138,198|
|Carrying
amount||||
|At 31 December 2021|778,822|200,000|978,822|
|At 31 December 2020|640,624|200,000|840,624|
|11|Creditors: amounts|falling due|within one|year|||
|---|---|---|---|---|---|---|
||||||2021|2020|
||Other creditors||||105,535|158,752|
||Accruals and deferred|income|||7,800|7,600|
||||||113,335|166,352|
|12|Creditors: amounts|falling due|after more|than one|||
||year||||||
||||||2021|2020|
||||||F||
||Other creditors|||||58,316|
||Other creditors relate|to multi-year|donations|payable.|||
|13|Share capital||||2021|2020|
||Ordinary
share capital||||||
||Issued and fully paid||||||
||10ordinary
shares of|f1 each|||10|10|
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||||||2021|2020|
|---|---|---|---|---|---|---|
||||||F||
||Aggregate
compensation||||||
|16|Cash generated
from operations||||2021|2020|
||Surplus/(deficit)
for the year||||78,622|(121,197)|
||Adjustments
for:||||||
||Investment
income recognised|in statement|offinancial|activities|(28,005)|(32,877)|
||Foreign exchange differences||||(7,935)|(65,935)|
||Fair value gains and losses on|investments|||(138,198)|85,126|
||Movements
in working
capital:||||||
||(Decrease)
in creditors||||(111,333)|(152,747)|
||Cash absorbed
by operations||||(206,849)|(287,630)|