2022-12-31-accounts

		2022	2021
	Notes
INCOMING RESOURCES
Donations received
Investment and similar income	3	649,002	597,112
TOTAL INCOMING RESOURCES		649,002	597,112
RESOURCES EXPENDED
Charitable activities	4		184,587
Costs ofgenerating funds	5	173,070	277,120
TOTAL RESOURCES EXPENDED			461,707
Net gains/(losses) oninvestments	6	(2,409,261)
NET INCOME/EXPENDITURE		(448,619)	2,533,606
RECONCILIATION OF FUNDS
Total funds brought forward		51,922,953	49,389,347
TOTAL FUNDS CARRIED FORWARD		51,474,334	51,922,953
All fundsreceived are unrestricted.

BALANCE SHEET
at 31 December 2022
		2022	2021
	Notes
FIXED ASSETS
Investments	7
CURRENT ASSETS
Cash at bank
CREDITORS: amountsfalling due within one year	8		(4,478,986)
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES		56,323,962
CREDITORS: amountsfalling due beyond one year	9	(4,849,628)	(7,070,552)
NET ASSETS		51,474,334
REPRESENTED BY:
FUNDS OF THE TRUST
Unrestricted Funds

	2022	2021
Cash flows from operating activities:
Net cash used in operating activities	(3,051,455)	(3,513,458)
Cash flows from investing activities:
Sale/(Purchase) of investments	114,269	(294,253)
Interestand dividend income received	216,171	568,349
Net cash flows provided by investing activities	330,440	274,096
Change in cash in the reporting period	(2,721,015)	(3,239,362)
Cash at the beginning ofthe reporting period
Change in cash due to exchange rate movements	432,831	28,763
Cash at the end ofthe reporting period
Reconciliation ofnet income to net cash flow used in operating activities
	2022	2021
Net income/(expenses) for the reporting period as per the statement of
financial activities	(448,619)
Adjustments for:
Losses/(Gains) oninvestments
Interestand similar income	(649,002)	(597,112)
Decrease in creditors	(4,363,095)
Net cash used in operating activities

	2022	2021
Investment income	208,834	568,349
UK bank deposit interest	7,337
Exchange differences	432,831	28,763
	,002	597,112

HARITABL	E ACTIVITIES		2022	2021
Grants made	— Note 1 1		5,227,500
Reduction in	previous commitments		(6,542,067)
Net discount	charged / (credited)	- Note 12	(200,924)	11,239
Governance	costs - Audit fee		6,080	6,090
	- Administration costs		24,497
	- Bank charges			258
			30,781	6,348
				184,587

5.	COST OF GENERATING FUNDS		2022	2021
	Investment Management and Custody Fees			277 120
6.	NET GAINS ON INVESTMENTS		2022	2021
	Realised gains on disposals			559,643
	Unrealised gains / (losses) on restatement	at fair value	(5,598,752)
			(2,409,261)

	Deposits	Investments at fair value	Total
Cost at 1 January 2021		44,602,352
Additions	17,447,872		35,746,447
Disposals
Realised Gains / (losses)	7,887	551,756	559,643
Cost at 31 December 2021
Unrealised gains on investments
Financial assets at fair value through profit and loss at 31 December2021
Cost at 1 January 2022		46,299,064
Additions			62,778,518
Disposals	(31,715,495)
Realised Gains	49,653
Cost at 31 December2022		49,977,105
Unrealised losses on investments		(322,771)	(322,771)
Financial assets at fair value through profit and loss at 31 December2022

he following fair value hierarchy table presents recurring basis as of31 December2021 :	information about t	he Trust's investment	s measured at f	air value on
	Level 1	Level 2	Level 3	Total
Financial assets at fair value through
profit or loss
Investments at fair value		51,575,045		53,293,921

REDITORS: amountsfalling due within one yea	r
	2022	2021
Grants payable
Accruals	46,815	57,919
	2,336,815	4,478,986

9.	CREDITORS: amountsfalling due beyond one year	CREDITORS: amountsfalling due beyond one year
			2022	2021
	Grants payable	- Note 12	4,849,628

GRANTS MADE
		2022	2021
Institutional grants made by activity
Science			398,000
Supportingadvancements in medical science by creating the
infrastructure necessary for long-term medical research and
innovation.
Education		282,500	392,000
Supporting a range of projects in the area ofeducation, notably those
focussed on helping improve access to education for the
disadvantaged.
Arts		543,000	128,000
Partnerships with organisations to help widen access to the visual and
performing arts.
Heritage		60,000	20,000
Supporting projects that preserve heritage sites and important cultural
icons now and for future generations to enjoy and learn from.
Environment		800,000	105,000
The Trust supports a diverse range oforganisations that work to
protect the environment; from migratory sharks in our oceans to the
spectacular diversity ofplants and fungi that populate our planet.
Social Good		699,000	274,000
Helping people and communities, particularly those most vulnerable
and in need ofsupport, is an important part ofwhat we do.
New commitments	5,227,500
Reduction in previous commitments
Increase / (decrease) in commitments	1	14,567)	167,000

	2022	2021
Reconciliation ofgrants payable:
Commitments at I January
Increase/(Decrease) in commitments	(1,314,567)	167,000
Grants paid		(3,194,332)
Commitments at 3 1 December
Payable within one year		4,421,067
Payable beyond one year

	2022	2021
Commitments payable beyond one year at 1 January
Discount to commitments at I January	(24,448)	(35,687)
Carrying value ofdiscounted commitments at 1 January
Commitments increased / (decreased) during the year	(555,000)	145,000
Finance charge attributed to:
Discount decreased / (increased) oncommitments at 1 January	(45,315)	11,518
Discount applied to new commitments made during the year	(155,609)	(279)
	(200,924)	11,239
Commitments becoming due within one year		(1,687,067)
Commitments at 3 1 December at carrying values	4,849,628