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2021-01-31-accounts

				Page
Reference and administrative advisers	details ofthe charitable	company,	its Trustees and
Trustees' report				2-5
Independent examiner's report
Statement offinancial activities
Balance sheet				8-9
Notes to the financial statements				10-20

				Unrestricted	Endowment	Total	Total
				funds	funds	funds	funds
				2021	2021	2021	2020
			Note	6	8	8
Income and endowments		from:
Investments				31,736		31,736	33,042
Total income and	endowments			31,736		31,736	33,042
Expenditure on:
Raising funds			4	3,239	13,381	16,620	16,678
Charitable activities			6	117,468		117,468	124,659
Total expenditure				120,707	13,381	134,088	143,347
Net gains on investments					53,020	53,020	116,780
Net (expenditure)/income				(88,971)	39,639	(49,332)	6,475
Transfers between	funds		14	88,971	(88,971)
Net movement in funds					(49,332)	(49,332)	6,475
Reconciliation offunds:
Total funds brought	forward			25,000	1,524,122	1,549,122	1,542,647
Net movement in funds					(49,332)	(49,332)	5,475
Total funds carried	forward			25,000	1,474,790	1,499,790	1,549,122

				2021		2020
		Note		E
Fixed assets
Investments -Listed		11		1,232,673		1,290,394
Investments —Land		10		220,000		220,000
				1,452,673		1,510,394
Current assets
Cash at bank and	in hand		63,524		44,815
			63,524		44,615
Creditors: amounts	falling due within one
year		12	(16,407)		(5,887)
Net current assets				47,117		38,728
Total assets less	current liabilities			1,499,790		1,549,122
Total net assets				1,499,790		1,549,122
Charity funds
Endowment funds		14		1,474,790		1,524,122
Restricted funds		14
Unrestricted funds		14		25,000		25,000
Total funds				1,499,790		1,549,122

				Unrestricted	Endowment	Total
				funds	funds	funds
				2021	2021	2021
					6	5
Investment	management		costs		13,381	13,381
Land management		costs		3,239		3,239
				3,239	13,381	16,620
				Unrestricted	Endowment	Total
				funds	funds	funds
				2020	2020f	2020
Investment	management		costs		13,397	13397
Land management		costs		5,281		5,281
				5,281	13,397	18,678

						Grants to	Total
						Institutions	funds
						2021	2021
						E	5
Grants	paid	in	the	year		100,000	100,000
						Grants to	Total
						institutions	funds
						2020f	2020f
Grants	paid	in	the	previous	year	110,000	110,000

			2021 f	2020 8
Newcastle	University - Faculty of Medical Sciences			10,000
The Childrens		Hospital Society	100,000	100,000
			100,000	110,000

Unrestricted	Total	Total
funds	funds	funds
2021	2021	2020
117,468	117,468	124,669

Grant
funding of	Support	Total
activities	costs	funds
2021f	2021 8	2021
100,000	17,468	117,468

Grant
funding oi	Support	Total
activities	costs	funds
2020f	2020	2020
f10,000	14,669	124,669

			Allocated to
			grant	Total	Total
			activities	funds	funds
			2021	2021	2020
			6
Legal and professional		costs	7,150	7,150	9,707
Independent	examiners	fees	525	525	510
Governance	costs		9,793	9,793	4,452
			17,468	17,468	14,669

Governance	costs are made us as follows:
		2021	2020
		6	6
Accountancy	and secretarial costs	9,720	4,450
Bank charges		3	2
		9,723	4,452

	Freehold
	investment
	property 6
Valuation
At 1 February 2020	220,000
At 31January 2021	220,000

		Cash
		deposits
		with
	Listed	investment
	investments	manager	Total
	6	6	6
Cost or valuation
At 1 February 2020	1,266,461	23,933	1,290,394
Additions	279,409	383,365	662,774
Disposals	(394,045)	(379,469)	(773,514)
Revaluations	53,020		53,020
At 31January 2021	1,204,845	27,829	1,232,674
Net book value
At 31January 2021	1,204,845	27,829	1,232,674
At31 January 2020	1,266,461	23,933	1,290,394

				2021	2020
				8
Investment in shares				1,204,846	1,266,461
Cash deposits held by	investment		manager	27,828	23,933
Total market value				1,232,674	1,290,394
Valuation
All investments are stated at their market values as at 31January 2021.Ofthe a loss ofE31,407was realised during the year and 664,427was an unrealised				total gains of gain.	853,020,
Matertal investments
				2021	2020
				8	5
Material investments are deemed to bethose with afair value greater of5%ofthe total value offixed asset investment and are set out
below:
Majedie UK equity Fund					66,883
Merian UK Alpha Fund					63,925
0.125% UK Treasury Stock				60,918	60,512
MU Lyxor Core US				65,973	61,200
JPMorgan America Equirt Fund		C	USD	68,678	59,459
Findlay Park American	Fund USD				60,219
				195,569	372,178

					2021	2020
					8
Financial	assets
Financial	assets measured	at fair value through		income and expenditure	1,204,846	1,266,461
					2021	2020
					8
Financial	liabilities
Financial	liabilities measured	at amortised	cost		15,207	5,887

		Balance at 1					Balance at
		February 2020 8	Income 6	Expenditure 8	Transfers in/out f	Gains/ (Losses) 8	31January 2021 8
Unrestricted
funds
General	Funds	25,000	31,736	(120,707)	88,971		25,000
Endowment
funds
Endowment
Fund		1,524,122		(13,381)	(88,971)	53,020	1,474,790
Total of	funds	1,549,122	31,736	(134,088)		53,020	1,499,790

Analysis o	fnet assets between funds - prio	r period
		Unrestricted	Endowment	Total
		funds	funds	funds
		2020 f	2020 f	2020
Fixed asset	investments		1,290,394	1,290,394
Investments	-land		220,000	220,000
Current assets		30,887	13,728	44,615
Creditors due within one year		(5,887)		(5,887)
Total		25,000	1,524,122	1,549,122