2021-12-31-accounts

				Note	2021	2021	2021	2020
					Restricted	Unrestricted	Total	Total
Income and endowments	from:
Legacies received								5,000
Donations received					1,013		1,013	1,013
Investments:
Investment income					181,$33	148,651	330,484	391,045
Interest receivable					13	1-1	24	417
Total income					182,859	148,662	331+21	397,475
Total expenditure:
Bursaries awarded				10	(147,605)	80,102	(67403)	(764,783)
Unwinding ofbursary discount				10	(19@31)	(15,192)	(34%523)	(24,486)
Grants to Eton					(1,700)		(1,700)	(1,700)
Support costs: investment		management	fees		(12,970)	(10,603)	(23,573)	(45,685)
Support costs: other				4	(3,899)	(3,1$9)	(7,088)	(6,850)
Total expenditure					(185,505)	51,118	(134@87)	(843,504)
Net (expenditure) / income losses on investments		before gains	and		(2,646)	199,780	197,134	(446,029)
Net gains / (losses) on investments				5	1,525,439	1,247,079	2,772,51$	(28,455)
Net income / (expenditure) net movement in funds		forthe year	being		1,522,793	1,446,859	2,969,652	(474,484)
Total Fund balances brought forward				11	$,025,758	6,575,044	14,600,$02	15,075,286
Total Fund balances carried forward					9,548,551	8,021,903	17,570,454	14,600,802

			Note	2021		2020
Fixed assets
Investments	at market value				18/46,975		15,143,659
Current assets
Cash at bank				817,760		1,238,671
Creditors: amounts		falling
due within	one year			(449,925)		(415,837)
Net current	assets /	liabilities			367%835		822,834
Total assets	less current liabilities				18,614,810		15,966,493
Creditors:	amounts	falling
due after more than one year					(1,044@56)		(1,365,691)
Net assets					17,570,454		14,600,802
Funds
Restricted					9,548,551		8,025,758
Unrestricted					8,021,903		6,575,044
					17,570,454		14,600,802

			Note	2021	2020
Cash flows from operating	activities
Net surplus / (deficit) for the	financial period			197,134	(446,029)
Adjustments for:
Increase / decrease in creditors Decrease / Increase in debtors				(287,247)	407,220 500
Net cash (used by) / generated from operating		activities		90,113	38,309)
Cash flows from investment	activities
Purchase ofinvestments Sale ofinvestments				(2,813,105) 2,482,307	801,188
Net cash from investment activities				(330,798	801,188
Net increase in cash and cash equivalents				(420,911)	762,879
Cash and cash equivalents at	the start ofthe year			1,238,671	475,792
Cash and cash equivalents	at the end ofthe year			817,760	1,238,671
Cash and cash equivalents comprise:	atthe end ofthe period
Cash at bank				817,760	1,238,671

		2021	2020
Audit fees		6,100	5,860
Bank charges		488	490
Contribution	to secretary expenses	500	500
		7,088	6,850

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		2021	2020
AVI Global Trust (formerly British Empire Trust)		1,141,510	930,510
Ashoka India Equity Investment	Trust	657,025
CGPortfolio Fund		1,156,680	833,292
Caledonia Investments		1,041,920	737,280
Diverse Income Trust		554,953	244,406
Edinburgh Investment Trust		1,247,271	1,084,411
Evenlode Global Income F		1,092,362	905,158
Fundsmith LLP Equity TInc NAV		1,234,750	1,013,283
Herald Investment Trust			418,693
Heronbridge		1,911,321	1,533,134
Law Debenture Corp		1,013,931	875,610
Miton Global Opportunties		609@65	251,065
Miton UK Microcap Trust		492,250
Personal Assets Trust		1,890,030	1,707,428
Rothschild Investment Trust		2,01$,775	1,515,916
Sarasin Endowments		1,127,331	1,771,361
Schroder Asian Total Return		521,180
Troy Income 8'c Growth Trust			1,322,112
Veritas Finds Asian Sterling D		536,321
		18@46,975	15,143,659
Historical cost		12744 785	12,742,697
Excessofmarket value over historical cost		5502,190	2,400,962

	2021	2020
	f.
Market value at 1 January	15,143,659	15,973,302
Sales during the year	(2,4$2,307)	(801,188)
Purchases during the year	2,813,105
Net gains/(losses) during the year	2,772%518	(28,455)
Market value at 31December	1$,246,975	15,143,659
Cost at 31December	12,744,785	12,742,697

					2020
	Dividends	-equities		330,484	391,045
9.	CREDITORS
				2021	2020
	Amounts	falling due within.	one year
	Bursaries	and grants awarded	(note 10)	444,924	410,136
	Audit fee			5,000	4,000
	Rowlatt income due to Eton				1,700
	Amount due to The Henry VI		Charity		1
				449,925	415,837
	Amounts	falling due after more than one year
	Bursaries	and grants awarded	(note 10)	1,044@56	1,365,691

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			Note	2020	2020		2020	2019
				Restricted	Unrestricted		Total	Total
Income and endowments	from:
Legacies received					5,000		5,000
Donations received				1,013			1,013	1,013
Investments:
Investment income				214,997	176,048		391,045	351,573
Interest receivable				230	187	.	417	1,049
Total income				216,240	181,235		397,475	353,635
Total expenditure:
Bursaries awarded			10	(489,027)	(275,756)		(764,783)	(197,892)
Unwinding ofbursary discount			10	(11,954)	(12,532)		(24,486)	(40,351)
Grants to Eton				(1,700)			(1,700)	(1,700)
Support costs: investment	management	fees		(25,119)	(20,566)		(45,685)	(40,921)
Support costs: other			4	(3,767)	(3,083)		(6,850)	(6,296)
Total expenditure				(531,567)	(311,937)		(843,504)	(287,160)
Net (expenditure) / income before gains losses on investments		and		(315,327)	(130„702)		(446,029)	66,475
Net gains / (losses) on investments				(15,644)	(12,811)		(28,455)	2,167,300
Net (expenditure) / income for the year net movement in funds		being		(330,971)	(143,513)		(474,484)	2,233,775
Transfer between funds				20,310	(20810)
Total Fund balances brought forward			11	8,336,419	6,738,867	15,075,286		12,841,511
Total Fund balances carried forward				8,025,758	6,575,044	14,600,802		15,075,286