2021-03-31-accounts

				Page
Reference and administrative		details ofthe Charity,	its Trustees and advisers
Trustees' report				2-6
independent auditor's	report	on the financial statements		7-10
Statement offinancial	activities
Balance sheet				12
Notes to the financial	statements			13-25

Trustees		The Lady Wolfson		ofMarylsbone,			Chair
		lan Burman
		The Lord Darzi ofDenham				OM KBEPC
		Sir lan Gilmore
		Antoinette Jackson
Chadty registered
number		1148663
Principal office		Flat 3
		74 Portland Place
		London
		W1B1NR
Independent	auditor	RPG Crouch Chapman			LLP
		Chartered Accountants
		5th Floor
		14-16Dowgats	Hill
		London
		EC4R2SU
Solicitors		Laytons LLP
		3rd Floor, Pinners		Hall
		105-108Old Broad		Street
		London
		EC2N 1ER
Invsstmsnt	advisers	Cazenovs Capital		Management
		12Moorgate
		London
		EC2R 6DA
		Canaccord Genuity		Wealth		Management
		41 Lothbury
		London
		EC2R 7AE

					Unrestricted	Total	Total
					funds	funds	funds
					2021	2021	2020
				Note		8	8
Income from:
Investments				4	444,538	444,538	486,633
Total income					444,538	444,538	486,633
Expenditure on:
Raising funds				5	78,776	78,776	74,771
Charitable activities					406,329	406,329	1,124,633
Total expenditure					485,105	485,105	1,199,404
Net expenditure	before net gains/(losses)		on
investments					(40,567)	(40,567)	(712,771)
Net gains/(losses)		on investments			6,411,730	6,411,730	(2,363,174)
Net movement	In funds				8,371,163	8,371,163	i3,D75,945)
Reconciliation	offunds:
Total funds brought		forward			24,154,583	24,154,583	27,230,528
Net movement	in funds				6,371,163	6,371,163	(3,075,945)
Total funds carried		forward			30,525,746	30,525,746	24,154,583

					2021		2020
			Note
Fixed assets
Tangible assets			12		16,016		3,012
Investments			13		30.305,022		23,701,181
					30,321,038		23,704,193
Current assets
Cash at bank and in		hand		1,302,987		1,716,766
				1,302,987		1,716,766
Creditors: amounts	falling due within
one year			14	(855,779)		(662,030)
Net current assets					447,208		1,054,736
Total assets less current liabilities					30,768,246		24,758,929
Creditors: amounts	falling due after
more than one year			15		(242,500)		(604,346)
Net assets excluding		pension asset			30,525,746		24,154,583
Total net assets					30,525,746		24,154,583
Charity funds
Restricted funds			16
Unrestricted funds			16		30,525,746		24,154,583
Total funds					30,525,746		24,154,583

		Unrestricted	Total
		funds	funds
		2021	2021
		6	E
Income from local listed investments		444,535	444,535
Investment	income - local cash	3	3
		444,538	444,538
		Unrestricted	Total
		funds	funds
		2020	2020
		E	6
Income from local listed investments		483,362	483,362
Investment	income - local cash	3,271	3,271
		486,633	486,633

Unrestricted	Total
funds	funds
2021 6	2021f
78,776	78,776
Unrestricted	Total
funds	funds
2020	2020
F	6
74,771	74,771

	Unrestricted	Total
	funds	funds
	2021	2021
		E
Medical research
2grants ofless than E5,000	4,500	4,500
	4,500	4,500
W~llbein
Rays ofSunshine	30,000	30,000
Science Museum	120,000	120,000
6grants ofless than F5,000	17,000	17,000
	167,000	167,000
T~012021	171,500	171,500

		Unrestricted	Total
		funds	funds
		2020	2020
~Msrsc I rssesrch		8	9
Norwood		100,500	100,500
Great Ormond Street Hospital		15,000	15,000
University of Liverpool		100,000	100,000
University College London		60,000	60,000
Jewish Care		10,000	10,000
Neuro Therapy		10,000	10,000
Heart Cells Foundation		5,000	5,000
Alcohol Health Alliance		180,000	180,000
Chai Cancer Care		25,000	25,000
6grants ofless than E5,000		17,000	17,000
		522,500	522,500
W~rrceic
Tate Gallery		92,040	92,040
Victoria and Albert Museum		60,000	60,000
Langdon Foundation		75,000	75,000
Noah's Ark Children's	Hospice	10,000	10,000
Maggies		10,000	10,000
The Princes' Trust		5,000	5,000
British Museum		112,500	112,500
Royal Academy ofArt		60,000	60,000
11grants ofless than	85,000	18,854	18,854
Grants rescinded		(117,005)	(117,005)
		326,389	326,389
Total 2020		848,889	848,889

	Unrestricted	Total
	funds	funds
	2021	2021
	E	E
Medical research	145,397	145,397
Wellbeing	260,932	260,932
	406,329	406,329
	Unrestricted	Total
	funds	funds
	2020	2020
	F
Medical research	687,946	687,946
Wellbeing	436,687	436,687
	1,124,633	1,124,633

	Grant
	funding of	Support	Total
	activities	costs	funds
	2021	2021	2021
	E	E	E
Medical research	4,500	140,897	145,397
Wellbeing	167,000	93,932	260,932
	171,500	234,829	406,329

	Grant
	funding of	Support	Total
	activities	costs	funds
	2020	2020	2020
		2	K
Medical research	522,500	165,446	687,946
Wellbeing	326,389	110,298	436,687
	848,889	275,744	1,124,633

		Medical		Total
		research	Wellbeing	funds
		2021	2021	2021
			8	8
Staff costs		105,532	70,355	175,887
Depreciation		2,703	1,802	4,505
General oflice and administrative	expenses	11,591	7,727	19,318
Governance costs		21,071	14,048	35,119
		140,897	93,932	234,829

			Medical		Total
			research	Wellbeing	funds
			2020	2020	2020
			P	6
Staff costs			100,862	67,241	168,103
Depreciation			602	402	1,004
General office and administrative		expenses	27,552	18,368	45,920
Governance	costs		36,430	24,287	60,717
			165,446	110,298	275,744

				2021	2020
				E	E
Fees payable to the Charity's annual accounts		auditor	for the audit ofthe Charity's	10,800	15,000
Fees payable	to the Charity's	auditor	in respect of:
All non-audit	services not included above			18,000	24,600

		2021	2020
		E	E
Wages	and salaries	160,200	152,400
Social	security costs	15,687	15,703
		175,887	168,103

						2021	2021	2020
							No.	No.
Administration							2	2
The number of employees exceeded E60,000was:		whose	employee	benefits	(excluding	employer	pension	costs)

2021	2020
No.	No.

			Fixhires and
			fittings
			2
	C~oot orrotooti	n
	At 1 Apitl 2020		5,021
	Additions		17,509
	At 31 March 2021		22,530
	~D* oniotion
	At 1 April 2020		2,009
	Charge for the year		4,505
	At 31 March 2021		6,514
	Net book value
	At 31 March 2021		16,016
	At 31 March 2020		3,012
13.	Fixed asset investments
			Listed
			investments
			2
	,CC~( ti
	At 1 April 2020		23,701,181
	Additions		9,299,672
	Disposals		(7,849,801)
	Revaluations		5,153,970
	At 31 March 2021		30,305,022
	Net book value
	At 31 March 2021		30,305,022
	At 31 March 2020		23,701,181

	2021	2020
	E	E
Other taxation and social security	5,989	5,756
Accruals and deferred income	52,064	67,301
Grants accrued - institutional	797,726	588,973
	855,779	662,030

2021	2020
F	8
242,500	604,346

						Balance at
		Balance at 1			Gains/	31 March
		April 2020f	Income	Expenditure F	(Losses) 6	2021 6
Unrestricted	funds
General Funds - all funds		24,154,583	444,538	(485,105)	6,411,730	30,525,746
Statement	offunds - prior	year
						Balance at
		Balance at			Gains/	31 March
		1 April 2019 F	Income 6	Expenditure F	(Losses) F	2020 f
ggis~tri E~fn
General funds		27,230,528	486.633	(1,199,404)	(2,363,174)	24,154,583

Analysis ofnet assets between funds - current year
	Unrestricted	Total
	funds	funds
	2021	2021
	8	F
Tangible fixed assets	16,016	16,016
Fixed asset investments	30,305,022	30,305,022
Current assets	1,302,987	1,302,987
Creditors due within one year	(855,779)	(855,779)
Creditors due in more than one year	(242,500)	(242,500)
Total	30,525,746	30,525,746

	Unrestricted	Total
	funds	funds
	2020	2020
Tangible fixed assets	3,012	3,012
Fixed asset investments	23,701,181	23,701,1S1
Current assets	1,716,766	1,716,766
Creditors due within one year	(662,030)	(662,030)
Creditors due in more than one year	(604,346)	(604,346)
Total	24,154,583	24,154,583