##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||2021|2020|
|---|---|---|---|---|
|||Notes|||
|INCOMING RESOURCES|||||
|Donations
received|||||
|Investment
and similar income||3|597,112|512,709|
|TOTAL INCOMING RESOURCES|||597,112|512,709|
|RESOURCES EXPENDED|||||
|Charitable
activities||4|184,587|872,820|
|Costs ofgenerating
funds
TOTAL RESOURCES KXPKNI?ED||5|277,120
266,104
46,0», 38 9 4||
|Net gains on investments||6|2,398,201|2,210,242|
|NKT INCOME|||2,533,606|1,584,027|
|RECONCILIATION
Oli FUNDS|||||
|Total funds bmught
forward|||49.380,347|47,809 3 0|
|TOTAL FUNDS CARRIED FORWARD|||51,922,953|49389,347|
|All funds received are unrestricted.|||||
|There were no other recognised|gains or losses.||||
##
##
##
||||||2021|2020|
|---|---|---|---|---|---|---|
|Cash flows from operating|activities:||||||
|Net cash used in operating
activities|||||~3,533, 58|~4060,789|
|Cash flows from investing
activities".|||||||
|Purchase ofiuvestments|||||(294,253)|(316,857)|
|Interest and dividend
income|received||||568,349|605,812|
|Net cash flows provided
by|investing|activities|||274,096|288,955|
|Change in cash in the reporting period|||||(3,239,362)|(3,771,834)|
|Cash at the beginning
ofthe reporting|||period||13,389,169|17,254,106|
|Change in cash due to exchange rate||movements|||28,763|(93,103)|
|Cash at the end ofthe reporting
period|||||10,178,570|13,389,169|
|ReconciTiation ofnet income|to net cash||flow used in o eratin|activities|||
||||||2021|2020|
|Net income for the reporting|perind as||per the statement of||||
|financial activities|||||2,533,606|1,584,027|
|Adjustments
for:|||||||
|Gains on investments|||||(2,398,201)|(2,210,242)|
|Interest and similar income|||||(597,112)|(512,709)|
|Decrease in creditors|||||(3,051,751)|(2,921,865)|
|Net cash used in operating
activities|||||~35 3 458|J44t60,789|
##
##
##
##
##
##
##
##
##
##
##
##
|NVESTM|ENT AND SIMII.AR INCOME|||
|---|---|---|---|
|||2021|2020|
|Investment|income|568,349|587,245|
|UK bank|deposit interest||2,067|
|Overseas
Exchange|bank deposit interest
differences|28,763|16,500
~93. 03|
|||597,112|512,709|
##
##
##
||||
|---|---|---|
|HARITABLE ACTIVITIES|2021|2020|
|Grants made —Note 11|1,317,000|3,565,220|
|Reduction
in previous
commitments|(1,150,000)|(2,920,315)|
|Net discount charged
/ (credited) - Note 12|11,239|221,288|
|Governance
costs —Audit fee|6,090|6,089|
|—Bank charges|258|538|
|||6,627|
||184,587|872,820|
|||||||
|---|---|---|---|---|---|
|5.|COST Oli|GENERATING FUNDS||2021|2020|
||Investment|Management
and Custody Fees||277 12||
|6.|NET GAINS ON INVESTMENTS|||2021|2020|
||Realised gains on disposals|||559,643|614,597|
||Unrealised|gains
/ (losses) on restatement|at fair value|1,838,558|1,595,645|
|||||2 398,2Dl|2,210,242|
##
|||Deposits|Investments
at fair value|Total|
|---|---|---|---|---|
|Cost at 1 January 2020||3,156,890|43,075,700|46,232,590|
|Additions||24,161,637|24,724,311|48,885,948|
|Disposals||(24,724,311)|(23,844,780)|(48,569,091)|
|Realised Gains / (losses)||(32,524)|647,121|614,597|
|Cost at 31December 2020||2,561,692|44,602,352|47,164,044|
|Unrealised
gains on investments|||3,437,423|3,437,423|
|Financial assets at fau value through|profit and loss at 31December 2020|2,561,692|48,039,775|50,601,467|
|Cost at 1 January 2021||2,561,692|44,602,352|47,164,044|
|Additions||17,447,872|18,298,575|35,746,447|
|Disposals||(18,298,575)|(17,153,619)|(35,452,194)|
|Realised Gains
/ (lasses)||7,887|551,756|559,643|
|Cost at 31 December 2021||1,718,876|46,299,064|48,017,940|
|Unrealised
gains an investments|||S,275,981|5,275,981|
|Financial assets at fair value through|profit and loss at 31 December 2021|1,718,876|51,575,045|53,293,921|
##
##
|recurring|basis asof31December|2021.No fin|anciaL assets were tr|anciaL assets were tr|ansferred
between
lev|ansferred
between
lev|els during|202|1 or 2020:|
|---|---|---|---|---|---|---|---|---|---|
||||Level I||Level 2||Level 3||Total|
|Financial|assets atfair value through|||||||||
|profit or loss||||||||||
|Investments|at fair value||1,718,876||51,575,045||||53,293,921|
|The following
fair value hierarchy||table presents|information|about the Trust's||investments|measured|at fair value on||
|recurring|basis as of31December|2020:||||||||
||||Level I||Level 2||Level|3|Total|
||||||||6|||
|Financial|assets at fair value through|||||||||
|profit or loss||||||||||
|Invmtments|at fair value||2,561,692||48,039,775||||50,601,467|
##
##
##
||||2021|2020|
|---|---|---|---|---|
||Grants payable||4,421,067|5,906,332|
||Accruals||57,919|93,577|
||||4,478,986|5,999,909|
|9.|CREDITORS: amounts|falling due beyond one year|||
||||2021|2020|
||Grants payable - Note|12|7,070,552|8,601,380|
##
##
##
##
|||||2021|2020|
|---|---|---|---|---|---|
|Institutional
grants made / (reduced):||||||
|CW+||||250,000||
|The Amber Foundation||||150,000|200,000|
|JW3 Trust||||100,000||
|Priscilla Bacon Hospice||||100,000||
|Spitalfields
Crypt Trust||||90,000||
|Galapagos
Conservation|Trust|||75,000|150,000|
|Britten Pears Arts||||70,000||
|Berkshire Youth Trust||||50,000||
|The Watermill
Theatre|||||500,000|
|Oxford Philharmonic
Orchestm||Trust|||280,000|
|Edmonton
Academy Trust|||||250,000|
|Kings College London|||||250,000|
|StMarylebone
Parish Church|||||2508000|
|National Museum ofAnthropology,|||Mexico —IJSD250,000||187,100|
|Genesis Trust|||||150,000|
|Veterans Aid
Miscellaneous
Donations|under|f50,000(2021:90grants, 2020:45|||150,000|
|grants under 6150,000)||||432,000|1,198,120|
|New commitments||||1,317,000|3,565,220|
|Reduction
in previous
commitments||||(1,150,000)|(2,920,315)|
|Increase
/ (decrease) in commitments||||167,000|644,905|
|||||2021|2020|
||||||I|
|Reconciliation ofgrants|payable:|||||
|Commitments
at IJanuary||||14,543,399|17,727,375|
|Increase in commitments||||167,000|644,905|
|Grants patd||||@33194,332|~3,52R88|
|Commitments
at 31December||||11,516067|14543399|
|Payable within
one year||||4,421,067|5,906,332|
|Payable beyond one year||||7,095,000|8.637067|
|||||11,516,1167|14,543 399|
##
##
|||||2021|2020|
|---|---|---|---|---|---|
|Commitments|payable beyond onc year at I January|||8,637,067|9,984,261|
|Discount to commitments
at I January||||(35,687)|(256,975)|
|Carrying
value|ofdiscounted
commitments
at I|January||8,601,380|9,727,286|
|Coriunitments|increased
during the year|||145,000|265,138|
|Finance charge|attributed to:|||||
|Discount decreased I(increased) on commitments
at
Discount applied to new commitments
made during|||1 January
the year|11,518
~279|223,221
~7,933|
|||||11,239|221,288|
|Commitments|becommg
due within one year|||(1,687,067)|(1,612,332)|
|Commitments|at 31December at canying values|||723 939|8,601,380|
##
##