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





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|||||||||
|---|---|---|---|---|---|---|---|
|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<br>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<br>Capital||Management||||
|||12Moorgate||||||
|||London||||||
|||EC2R 6DA||||||
|||Canaccord<br>Genuity||Wealth||Management||
|||41 Lothbury||||||
|||London||||||
|||EC2R 7AE||||||





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||||||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<br>on:||||||||
|Raising funds||||5|78,776|78,776|74,771|
|Charitable<br>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<br>funds|||16||30,525,746||24,154,583|
|Total funds|||||30,525,746||24,154,583|





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|||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<br>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<br>I rssesrch||8|9|
|Norwood||100,500|100,500|
|Great Ormond Street Hospital||15,000|15,000|
|University<br>of Liverpool||100,000|100,000|
|University<br>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<br>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|





## 

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||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|





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||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<br>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<br>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<br>number<br>of employees<br>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*<br>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~(<br>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|





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||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|



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|2021|2020|
|---|---|
|F|8|
|242,500|604,346|





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|||||||Balance at|
|---|---|---|---|---|---|---|
|||Balance at 1|||Gains/|31 March|
|||April 2020f|Income|Expenditure<br>F|(Losses)<br>6|2021<br>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<br>F|Income<br>6|Expenditure<br>F|(Losses)<br>F|2020<br>f|
|ggis~tri<br>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|





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||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|



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