| 3 | Legal and Administrative | Legal and Administrative | Information |
|---|---|---|---|
| 4 | Report ofthe | Trustees | |
| 9 | Independent | Auditor's | Report |
| 13 | Statement of |
Financial | Activities |
| 14 | Balance Sheet | ||
| 15 | Notes to the FinancialStatements |
| Trustees | Brendan Finucane, | ICC | (Chair) —appointed | (Chair) —appointed | 26July 2022 | |||
|---|---|---|---|---|---|---|---|---|
| John Attree | ||||||||
| Gisela Gledhlll | ||||||||
| Jonathan Marriott |
—appointed | 25 January | 2023 | |||||
| Basil Postan | ||||||||
| Roderick Smith | ||||||||
| I&athryn Uhde |
||||||||
| Registered | Office | 13 Lincoln's Inn Fields |
||||||
| Londolt | ||||||||
| WC2A 3BP | ||||||||
| Banker | National Westminster |
Banl& pic | ||||||
| 332 High Holborn | ||||||||
| London | ||||||||
| WC1V 7PS | ||||||||
| Independent | Auditor | Saffery Champness | ||||||
| 71Queen Victoria | Street | |||||||
| London | ||||||||
| EC4V 4BE | ||||||||
| Investment | Manager | Sarasin gt Partners |
LLP | |||||
| Juxon House | ||||||||
| 100St. Paul's Churchyarcl | ||||||||
| London | ||||||||
| EC4M BBU | ||||||||
| Company | Registration | No. | 07965957 | |||||
| Registered | Charity No. | 1146195 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| All Unrestricted | All Unrestricted | |||||
| Note | and Endowment | and Endowment | ||||
| Funds | Funds | |||||
| E | E | |||||
| INCOME AND ENDOWMENTS | FROM | |||||
| Donations and |
Legacies | 100 | ||||
| Investments | 205,622 | 212,097 | ||||
| TOTAL | 205,622 | 212,197 | ||||
| EXPENDITURE ON | ||||||
| Charitable Activities |
319,227 | 164,383 | ||||
| TOTAL | 319,227 | 164,383 | ||||
| Net (Losses)/Gains | on Investments | 10 | (939,961( | 504,364 | ||
| NET (EXPENDITURE)/INCOME | (1,053,566) | 552,178 | ||||
| RECONCILIATION | OF FUNDS; | |||||
| Total funds brought | forward | 8,162,352 | 7,610,174 | |||
| Total funds carried | forward | 7,108,786 | 8,162,352 |
| Note | 2022 | 2022 | 2021 | 2021 | ||||
|---|---|---|---|---|---|---|---|---|
| E | E | 6 | E | |||||
| Fixed Assets | 6,623,373 | 7,563,334 | ||||||
| Inuestments | 10 | 6,623,373 | 7,5G3,334 | |||||
| Current Assets | ||||||||
| Debtors | 11 | 2,145 | 2,8SB | |||||
| Cash at Bank | and | in Hand | 502,422 | 610,454 | ||||
| 504,567 | 613,312 | |||||||
| Creditors. amounts | falling due | within | 12 | |||||
| one year | (19,154) | (14,294) | ||||||
| Net Current Assets | 485,413 | 599,018 | ||||||
| Net Assets | 7,108,786 | 8,162,352 | ||||||
| Represented by; |
||||||||
| Unrestricted | and | Endowment | Funds: | |||||
| - Unrestricted | Fund | 24,345 | 137,950 | |||||
| - Endowment | Fund | G,259,048 | 6,259,048 | |||||
| - Revaluation | Reserve | 825,393 | 7,108,786 | 1,765,354 | 8,162,352 | |||
| Total Funds | 7,108,786 | 8,162,352 |
| Notes to the | Financial Statements | ||
|---|---|---|---|
| For the year | ended 31December 2022 | ||
| 2. Donations | and Legacies | 2022 Total | 2021Total |
| E | |||
| Other Donations | 100 | ||
| 100 |
| lready been accrued in prior years (see |
lready been accrued in prior years (see |
note 11). | |
|---|---|---|---|
| 3.Investments | 2022 Total | 2021Total | |
| E | E | ||
| Investment | income (net) | 205,622 | 212,097 |
| 205,622 | 212,097 |
| Forthe year ended 31December 2022 | Forthe year ended 31December 2022 | ||
|---|---|---|---|
| 7.Governance | costs | 2022 Total | 2021Total |
| E | E | ||
| External Auditor | fees | 7,740 | 5,880 |
| Otherfees | 13 | 26 | |
| 7,753 | 5,906 |
| period (year ended 31December 2021J E2,380 | ). | ||
|---|---|---|---|
| 9.Net income for the year | |||
| 2022 Total | 2021Total | ||
| Net income is stated after charging'. |
E | E | |
| Auditods remuneration |
7,740 | 5,880 | |
| 7,740 | 5,880 | ||
| The fees above are inclusive ofVAT, | |||
| 10.Investments | |||
| a. Fixed Assets —Investments | 2022 Total | 2021Tots I |
|
| f | E | ||
| Opening Value at 1January |
7,563,334 | 7,058,970 | |
| Purchases | |||
| Sales Proceeds(Net) | |||
| Realised gain on investments | |||
| tfnreaf ised (loss)/gain on investments |
(939,961) | 504,364 | |
| Value at 31December | 6,623,373 | 7,563,334 |
| Value at | Value at | ||||
|---|---|---|---|---|---|
| 31/12/2022 | 31/12/2021 | ||||
| E | E | ||||
| Sarasin Endowments | Class | A | Income Fund | 6,623,373 | 7,563,334 |
| 6,623,373 | 7,5G3,334 | ||||
| b. Cash at banlr and | in hand | ~ held with Sarasin | E | ||
| Cash - Sterling Investment | Account | 42 |
| Notes t | o the Financial Statements | |||
|---|---|---|---|---|
| For the | year ended 31December | 2022 | ||
| 11.Debtors | 2022 Total | 2021Total | ||
| E | E | |||
| Accrued | Income | 2,145 | 2,858 | |
| 2,145 | 2,858 | |||
| 12,Creditors | ||||
| 2022 Total | 2021 Total | |||
| E | E | |||
| Accruals | 19,154 | 14,294 | ||
| 13.Analysis of Net Assets between | Funds | 2022 Total | 2021Total | |
| E | E | |||
| Investments | 6,623,373 | 7,563,334 | ||
| Current | Assets | 504,567 | 613,312 | |
| Current | Liabilities | (19,154) | (14,294) | |
| Balances | at 31December | 7,108,786 | 8,162,352 |