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|3|Legal and Administrative|Legal and Administrative|Information|
|---|---|---|---|
|4|Report ofthe|Trustees||
|9|Independent|Auditor's|Report|
|13|Statement<br>of|Financial|Activities|
|14|Balance Sheet|||
|15|Notes to the FinancialStatements|||





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|Trustees||||Brendan Finucane,|ICC|(Chair) —appointed|(Chair) —appointed|26July 2022|
|---|---|---|---|---|---|---|---|---|
|||||John Attree|||||
|||||Gisela Gledhlll|||||
|||||Jonathan<br>Marriott|—appointed||25 January|2023|
|||||Basil Postan|||||
|||||Roderick Smith|||||
|||||I&athryn<br>Uhde|||||
|Registered||Office||13 Lincoln's<br>Inn Fields|||||
|||||Londolt|||||
|||||WC2A 3BP|||||
|Banker||||National<br>Westminster||Banl& pic|||
|||||332 High Holborn|||||
|||||London|||||
|||||WC1V 7PS|||||
|Independent||Auditor||Saffery Champness|||||
|||||71Queen Victoria|Street||||
|||||London|||||
|||||EC4V 4BE|||||
|Investment||Manager||Sarasin<br>gt Partners|LLP||||
|||||Juxon House|||||
|||||100St. Paul's Churchyarcl|||||
|||||London|||||
|||||EC4M BBU|||||
|Company|Registration||No.|07965957|||||
|Registered||Charity No.||1146195|||||





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||||||2022|2021|
|---|---|---|---|---|---|---|
||||||All Unrestricted|All Unrestricted|
|||||Note|and Endowment|and Endowment|
||||||Funds|Funds|
||||||E|E|
|INCOME AND ENDOWMENTS|||FROM||||
|Donations<br>and||Legacies||||100|
|Investments|||||205,622|212,097|
|TOTAL|||||205,622|212,197|
|EXPENDITURE ON|||||||
|Charitable<br>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<br>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|





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|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<br>in prior years (see|lready been accrued<br>in prior years (see|note 11).||
|---|---|---|---|
|3.Investments||2022 Total|2021Total|
|||E|E|
|Investment|income (net)|205,622|212,097|
|||205,622|212,097|



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|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<br>is stated after charging'.||E|E|
|Auditods<br>remuneration||7,740|5,880|
|||7,740|5,880|
|The fees above are inclusive ofVAT,||||
|10.Investments||||
|a. Fixed Assets —Investments|2022 Total|2021Tots<br>I||
||f|E||
|Opening<br>Value at 1January|7,563,334|7,058,970||
|Purchases||||
|Sales Proceeds(Net)||||
|Realised gain on investments||||
|tfnreaf ised (loss)/gain<br>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||





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|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|



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