2020-07-31-accounts

Section B		Bala	nce	sheet
			C,)0
			0z
			‘1)0			Restricted
			(‘3-e	Unrestricted		income		Endowment		Total this		Total last
			D (3	funds		funds		funds		year		year
				£		£		£		£		£
Fixed assets				FOl		F02		F03		F04		F05
Intangible assets		(Note 15)	B01
Tangible assets		(Note 14)	802
Heritage assets		(Note 16)	B03
Investments		(Note 17)	B04	7,889,868		-			-	7,889,868		8,332,953
		Totalfixedassets	805	7,889,868		-			-	7,889,868		8,332,953
Currentassets
Stocks		(Note 18)	806
Debtors		(Note 19)	B07	166,135						166,135		218,180
Investments		(Note 17.4)	B08
Cash at bank and in		hand (Note 24)	B09									171,783
	Totalcurrentassets		BlO	166,135						166,135		389,963
Creditors: amounts		falling due within
one year	(Note 20)		811	130,331		-			-	130,331		155,036
Netcurrent		assetsl(liabilities)	B12	35,804	I	-	I		-	I 35,804	I	234,927	I
Totalassets	less currentliabilities		B13	• 7,925,672		-	I		-	I 7,925,672		8,567,880	I
Creditors: amounts		falling due after
one year	(Note 20)		814
Provisions for liabilities			B15
Totalnetassets	orliabilities		B16	7,925,672		-			-	7,925,672		8,567,880
Net income/(expenditure)
Endowment funds (Note 27)			817
Restricted incomefunds (Note 27)			818
Unrestricted funds			819	J 7,925,672		-			-	7,925,67		8,396,097
Revaluation reserve			B20
		Totalfunds	821	7,925,672		-			-	7,925,672		8,396,097
Signed by one or twotrustees on behalf of all the trustees				Signature				Print		Name		Date of approval
												dd/mm/yyyy
								Lord	Chris Smit			21/05/2(		21

Settlement of insurance claims	Insurance claims are only included in the SoFAwhen the general income recognition criteria are met (5.10 to 5.12 FRS1O2 SORP) and are included as an item of other income in the SoFA.	Yes I I	No	I	N/a Vt
Investmentgains and losses	This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end ofthe year.	Yes IVI	No	I	N/a I
2.3 EXPENDITURE	AND LIABILITIES
Liability recognition Governance and support cos	Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Support costs have been allocated between governance coats and other support. . - Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.	Yes IVI Yes Iv	No No	I I	N/a I N/a
	Support costs include central functions and have been allocated to activity cost	Yes	No		N/a
	categories on a basis consistent with the use of resources, eg allocating property costs
	by floorareas, or per capita, staff costs by the time spent and other Costa by their usage.
Grants with performance conditions	Where the charity gives a grantwith conditions for its payment being a specific level of . service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output.	Yes	No		N/a
Grants payable without performance conditions	Where there are no conditions attaching to the grant that enables the donor charity to . . . . . realistically avoid the commitment, a liability for the full funding obligation must be recognised	Yes IVI	No	I	N/a I
		Yes	No		N/a
Redundancy cost	The charity made no redundancy payments during the reporting period.	I I		II
		Yes	No		N/a
Deferred income	No material item of deferred income has been included in the accounts.	I I		I
		Yes	No		N/a
Creditors	The charity has creditors which are measured at settlement amounts less any trade discounts	lvi		I	I
	A liability is measured on recognition at its historical costand then subsequently	Yes	No		N/a
Provisions for liabilities	measured at the best estimate of the amount required to settle the obligation at the reporting date	I I		I	VI
Basic financial ins rumen S	The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS1O2 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS1O2 SORP.	Yes lvi	No	I	N/a I
2.4 ASSETS
Tangible fixed assets for	These are capitalised if they can be used for more than one year, and cost at least
use by charity		Yes	No		N/a
	They are valued at cost.	I I		I	VI
	The depreciation rates and methods used are disclosed in note 9.2.
Intangible fixed assets	The charity has intangible fixed assets, that is, non-monetaryassets that do not have physical substance but are identifiable and are controlled by the charitythrough custody	Yes	No		N/a
	or legal rights. The amortisation rates and methods used are disclosed in note 9.5
		Yes	No		N/a
	They are valued at cost.	I		Il
Heritage assets	The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and	Yes	No		N/a
	maintained principally for their contribution to knowledge and culture. The depreciation
	rates and methods used as disclosed in note 9.6.1.4.
		Yes	No		N/a
	They are valued at cost.	I		I	VI
Investments	Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment.	Yes lvi	No	I	N/a I
	Investments held for resale or pending theirsale and cash and cash equivalents with a	Yes	No		N/a
	maturity date of teas than 1 year are treated as current asset investments				V
Stocks and work in progress	Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net realisable value.	Yes J	No		N/a V
	Goods or services provided as part of a charitable activity are measured at net realisable value	Yes	No		N/a
	based on the service potential provided by items of stock.				V
		Yes	No		N/a
	Work in progress is valued at coat less any foreseeable loss that is likely to occur on the contract.			I	V
	Debtors (including trade debtors and loans receivable) are measured on initial recognition at	Yes	No		N/a
Debtors	settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.	V

Section C	Notes to the	Notes to the	acco	u	nts				(c	ont)
Note 3	Analysis of income
							Restricted
				Unreatricted			income	Endowment
					tunds		tunds	funds	Total funds	Prior	year
		Analysis							£	£
Donations	Donations and gifts
and legacies:	Girt Aid
	Legacies
	General grants provided by government/other
	chanties
	Membership subscriptions and sponsorahips
	which are in substance donations
	Donated goods,	facilities and services			-	-	-	-	-
	Other				-		-	-	-
			Total		-		-	-	-
Charitable
activities:
	Other						-	-
			Total		-		-	-	-
Other trading
activities:
	Other				-		-	-	-		-
			Total		-		-	-	-		-
Net income/(expe	Llnfereot income fyidand ir	t	-		223,904 882		-	-	223,g04 882	270,051 1,170
nditure)	Rental anc	ng income			-		-	-	-		-
	Other
			Total		224,786		-	-	224,786	271,221
Separate material item of income:	r
Other:	Conversion ofendowmentfunds into income
	Gain on disposal of a tangible fixed asset held
	forcharity’s own use				-		-	-	-		-
	Gain on disposal of a programme related
	investment				-		-	-	-		-
	Royalties from the exploitation ofintellectual
	property rights				-		-	-	-		-
	Other				-		-	-	-		-
			Total
TOTAL INCOME				I	224,786	I	-
Other Information:
All Income in the prior year was		unrestricted except for:
(please provide description and amounts(
Where any endowment fund is converted Into Income In			the
reporting period please give the reason forthe conversion.
Within the income Items above		the following items are
material: (please disclose the nature, amount and any prior
year amountsl

Note 6	Analysis ofexpenditure
				Restricted
		Unrestricted		income	Endowment
		funds		funds	funds	Total funds	Prior	year
	Analysis					£	£
Expenditure on	Incurred seeking donations		-	-	-	-
raising funds:	Incurred seeking legacies		-	-	-	-		-
	Incurred seeking grants
	Operating membership schemes and
	social lotteries
	Staging fundraising events
	Fudraising agents
	Operating charity shops
	Operating a trading company
	undertaking non-charitable trading
	activity
	Advertising, marketing, direct mail and
	oublicity		-	-	-	-		-
	Start up costs incurred in generating
	new source of future income		-	-	-	-		-
	Database development costs		-	-	-	-		-
	Other trading activities
	Investment managementcosts:	39,006		-	-	39,006	43,411
	Portfolio management costs		-	-	-	-		-
	Cost of obtaining investment advice
	Investment administration costs
	Intellectual property licencing costs
	Rent collection, property repairs and
	maintenance charges		-	-	-	-		-
	Total expenditure on raising funds	39006		-	-	39,006	43,411
Expenditure on	British Fellows in USA	48,066		-	-	48,066	87,084
charitable activities	American Fellows in UK Independent Examination Fee	73,430 15,498		-	-	73,430 15,498	71,608 2,265
	CU fee	7,959				7,959	10,153
	Rail Travel		136	-	-	136		-
	Bank Charge		6			6		62
	Communications		-			-		120
	Hospitality/Entertainment/Courtsey	1044		-	-	1,044		966
	Total expenditure on charitable activities	146 ,	139	-	-	146,139	172,258
Separate material
item ofexpense
	Total		-	-	-	-		-
Other
			:5		5	5
	[__

Note 10 Details of certain items of expenditure 10.1 Fees for examination of the accounts Pleaseprovide details ofthe amountpaidforanystatutoryexternalscrutinyof accounts and otherservicesprovided byyourindependentexaminer, Ifnothing waspaidplease enter ‘0’in the appropriatebox(es).
	This year	Last year
	£	£
Independent examiner’s fees
	2298	2,265
Audit Fee for 2018 and 2019
	13,200
Tax advisory fees
Otherfees (forexample: financial advice, consultancy, accountancy services) paid
to the independent examiner

13.1 Analysis ofgrants paid (i	ncluded in cost ofcha	ritabl	e activities)
	Grantsto		Grantsto
Analysis	institutions		individuals	Support costs	Total
Fellowships			121496	24643	146,139
Activity or project 2				-	-
Activity or project 3				-	-
Activity or project 4				-	-
Total		-	121,496	24,643	146,139

13.2 Grants made to institutions	13.2 Grants made to institutions
Mycharityhas made grants to particularinstitutions that are material in the contextofits grantmaking. Details ofthe institution supported, purpose ofthe grantand totalpaid to each institution is available on the		I	No	Pleaseprovide details ofcharity’s URL. Provide details
charity’s web site.			No	below
Names of institution	Purpose			Total amount of qrants paid £
Net income/(expenditure)				-
Totalgrants to institutions in reporting period
Otherunanalysedgrants

	Cash & cash equivalents	Listed investments	Listed investments	Investment properties	Social investments	Other			Total
Carrying (fair> value at beginning of	190,856		8,142,097	-	-		-		8,332,953
period
Add: additions to investments during			4,238,185	-	-		-		4,238,188
period’
Less: disposals at carrying value	100,890	-4,373,238		-	-		-	-	4,272,348
Less: realised loss
Less: impairments
Add: Reversal of impairments
Add!(deduct): transfer in/(oul) in the
penod
Addl(deduct): net gain/(loss) on		-	408,925	-	-		-	-	408,925
revaluation
Carrying (fair) value at end of year	291,746		7,598,122	-	-		-		7,889,868
‘Please specify additions resulting	from
acquisitions through business combinations, if
any.

Analysis of investments
	Fair value at yearend		Cost less impairment
	£		£
Cash orcash equivalents		291,746	-
Net incomel(expenditure)		7,598,122	-
Investment properties
Social investments
Other investments
Total		7,889,868	-
Grand total (Fair value at year end+Cost less impairmenti
17.3 Ifyour charity holds investment properties, please	complete the	following	note:
(i) Explain the methods and significant
assumptions in determining the fair value of
investment property held by the charity
lii) Name or independentvaluer, if applicable,
and relevant qualifications
liii) Provide details of any restrictions on the
ability to realise investment property or on the
remittance of income ordisposal proceeds
liv) Explain any contractual obligations for the
purchase, construction or development of
investment property orfor repairs, maintenance
or enhancements

17.4 Please provide a breakdown of current asset inve balance sheet.	stments, if applicable, ag	reeing with the
Analysis of current asset	This year	Last year
investments
	£	£
Cash or cash equivalents
Listed investments
Investment properties
Social investments
Other investments
Total
17.5 Guarantees
Please provide details and amount of any
guarantee made to or on behalf of a third party
Name ofthe entity or entities benefitting from
those guarantees
Please explain how the guarantee furthers the
charity’s aims
17.6 Concessionary loans
Amount of concessionaryloans made (Multiple
loans made may be disclosed in aggregate provided
thatsuch aggregation does not obsure significant
information>.
Amount of concessionary loans received
(Multiple loans received maybe disclosed in
aggregate provided that such aggregation does not
obsure significant information).
Terms and conditions eg interest rate, security
provided
Value of any concessionary loans which have
been committed but not taken up at the reporting
date
Amounts payable within 1 year
Amounts payable after more than 1 year
Amounts receivable within 1 year
Amounts receivable after more than 1 year
17.7 Additional information

Note 19 Debtors and prepayments
Please complete this note ifthe charityhas any
debtors orprepayments.
19.1 Analysis of debtors

This year	Lastyear
£	£
24,581	46,397
141,554	171,783
166,135	218,180

ove)
This year	Last year
£	£

20.1 Analysis ofcreditors
		Amounts	falling due	Amounts falling due after
		within	one year	more than	one year
		This year	Last year	This year	Last year
		£	£	£	£
Accruals forgrants payable		111458	149,419	-	-
Bank loans and overdrafts
Trade creditors
Payments received on accountforcontracts or
performance-related grants
Accruals and deferred income		18,873	5,617	-	-
Taxation and social security
Other creditors
	Total	130,331	155,036	-	-

Movement in deferred income account	This year	Last year
Net income/(expenciiture)	£	£
Balance at the start ofthe reporting period
Amounts added in current period
Amounts released to income from previous periods
Balance at the end ofthe reporting period

Section C Notes to the accounts (con	Note 27 Charityfunds	27.1 Details of material funds held and movements during the CURRENT reporting period	Please give details ofthe movements ofmaterialindividualfunds in the reportingperiodtogetherwith a balancing figure for ‘Otherfunds The Totalfunds’figure	belowshouldreconcile to ‘Totalfunds’in the blanace sheet.	*Key: PE -permanentendowmentfunds; EE - expendible endowmentfunds; R - restrictedincome funds, includingspecialtrusts, ofthe charity; and U - unrestricted	funds Fund Fund	balances balances	Type PE, EE Purpose and Restrictions brought Gains and carried R or UR forward Income Expenditure Transfers losses forward	Fundnames £ £ £ £ £ £	Unrestricted fund UR Transfer fellowships across the UK and US 8,396,097 224,786 - 185,145 - - 510,066 7,925,672	Otherfunds N/a N/a - - - - - -	Total Funds 8,396,097 224,786 - 185,145 - 510,066 7,925,672

ion or	ot	her benefits p	aid to a trustee bythe charit	yoranyinstituti	on orcomp	anyconnected	with it.
					Amounts	paid or benefit	value
					This year			Last year
Name	of	trustee	Legal authority )eg order, governing document)	Remuneration	Pension contribubon	Redundancy (including toss of office(/ex	Other	TOTAL
						Oratia
				£	£		£	£

note. Ifthere areno transactions to report, please enter “True” enter “False”.	note. Ifthere areno transactions to report, please enter “True” enter “False”.	in the boxbelow.	Ifthere are trans	actions t	o report,pleas	e
No trustee expenses have been incurred (True or False)					FALSE
			This year		Last year
	Net incomel(expenditure)		£		£
Travel				136		173
Subsistence
Accommodation
Other (please specify):
		TOTAL		136		173
Please provide the number of trustees reimbursed for			2
expenses or who had	expenses paid by the charity