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2022-04-05-accounts

Trustees MMCFTrusteeLimited
Charitynumber 1140648
Principaladdress AlexandraHouse
StJohnsStreet
Salisbury
Wiltshire
SP12S6
Independentexaminer JamesFletcherFCA
FletcherftPartners
CrownChambers
BridgeStreet
Salisbury
SP12LZ
Solicitors WilsonsSolicitorsLLP
AlexandraHouse
StJohnsStreet
Salisbury
Wiltshire
SP125B
Investmentadvisors QuitterCheviotInvestmentManagement
90LongAcre
London
WC2E9RA
SAGAS.A.
13rueCeard
CasePostale3638
CH-1211Geneva3
Switzerland
JuliusBaer&CoLtd
LefebvreCourt,LefebvreStreet
StPeterPort
Guernsey
ChannelIslands
GY14BS

Page
Trustee'sreport 1 -3
Statementoftrustee'sresponsibilities 4
Independentexaminersreport 5
Statementoffinancialactivities 6
Balancesheet 7
Notestotheaccounts 8-13

INCLUDINGINCOMEANDEXPENDITUREAC
FORTHEYEARENDED5APRIL2022
COUNT
2022 2021
Notes E E
Incomefrom•
Investments 2 166,192.43 149,201.38
Expenditureon•
Raisingfunds 3 (133,551.27) (107,347.01)
Charitableactivities 4 (486,563.12) (460,747.33)
Totalexpenditure (620,114.39)
(568,094.34)
Netgains/(losses)oninvestments 7 762,568.14 2,968,171.71
Netmovementinfunds 308,646.18 2,549,278.75
Fundbalancesat6April2021 14,078,249.74 11,528,970.99
Fundbalancesat5April2022 14,386,895.92 14,078,249.74

2oz2 2oz2 2021 2021
Notes E E E E
Fixedassets
Investments 11 14,289,012.66 14,103,883.67
Currentassets
Debtors 9 1,254.85 3,247.46
Cashatbankandinhand 125,968.55
127,223.40
Creditors:amountsfallingduewithin 10
oneyear (108,361.91)
Netcurrentassets/(liabilities)
Totalassetslesscurrentliabilities 14,386,895.92
Unrestrictedfunds 14,386,895.92 14,078,249.74

2022 2021
£ £
Incomefromlistedinvestments 165,026.94 147,287.08
Interestreceivable 28.42 41.78
Accruedincome 1.137.07 1.872.52
1[Z~L'l~~~L'L'~4~1~2:1
Raisingfunds
2022 2021
£ £
Investmentmanagement 133,551.27 107,347.01
133.551.27 107.347.01

4 . . .
Chartableactivities
2022 2021
£ £
Grantfundingofactivities(seenote5) 438,546.23 406,241.76
Shareofgovernancecosts(seenote6) 48,016.89 54,505.57
486,563.12 460,747.33
5 Grantspayable
2022 2021
£ £
Grantstoinstitutions: 353,000.00 286,000.00
Grantstoindividuals: 85,546.23 120,241.76
6 Supportcosts
2022 2021
£ E
IndependentExaminationsfees 2,400.00 2,400.00
TrusteeExpenses 1,881.17 95.92
Legalfees 42,823.80 50,664.60
Sundrydisbursements 516.00 948.00
Bankcharges 28.92 30.05
LegalfeesreTrustCompany 367.00 367.00
48,016.89 54,505.57

7 Unrealisedandrealisedgains/(losses) 2022 2021
£ E
Realisedgainsonsalesofinvestments 608,869.99 468,498.04
Revaluationofinvestments
Netgains/(losses)oninvestments

9 Debtors
2022 2021
Amountsfallingduewithinoneyear: E E
Otherdebtors 1,254.85 3,247.46
10 Creditors:amountsfallingduewithinoneyear
2022 2021
E £
Othercreditors 29,340.14 108,361.91

FixedAssetInvestments
2022 2021
Equities Bonds Other Cash
Marketvalueat5April2021 9,725,138.68 2,885,991.53 1,069,849.63 422,903.83 14,103,883.67 11,531,490.28
Acquisitionsinyear 581,120.20 547,143.82 267,686.29 1,395,950.31 3,152,794.93
Disposalsinyearatcarryingvalue (1,435,023.61)
(393,436.06)

(97,756.49)
(1,926,216.16) (3,557,484.32)
Unrealisedgains/(losses)onrevaluation 736,550.74 (74,331.43)
10,002.65
672,221.96 2,681,463.50
Increase/(decrease)ininvestmentcash 43,172.88
Marketvalueat5April2022 14,289,012.66 14,103,883.67
Listedonrecognisedstockexchanges 13,822,935.95 13,680,979.84
Cash
14,289,012.66 14,103,883.67
Equities Bonds Other
Historicalcostat5April2022 5,282,892.20 2,907,845.76 1,178,753.89 9,369,491.85 9,381,233.89