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|||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|||
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||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||
##