## # ## ## ## |Trustees||Mr A R Tulloch| |---|---|---| |||AVinchel| |||M Vinchel| |||I Makhrachev| |Charity number||1162681| |Company|number|09383412| |Registered|office|4 Hill Street| |||London| |||W1J 5NE| |Auditor||Critchleys
Audit LLP| |||Beaver House| |||23-38 Hythe Bridge Street| |||Oxford| |||OX1 2EP| |Investment|advisors|Goldman Sachs International| ## ||||Page| |---|---|---|---| |Trustees'
report|||1-2| |Statement oftrustees'|responsibilities||| |Independent
auditor's|report||4-7| |Statement
offinancial|activities||| |Summary
income and|expenditure|account|| |Balance sheet|||10| |Notes to the financial|statements||11 - 16| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Unrestricted|Endowment|Total|Unrestricted|Endowment|Total| |---|---|---|---|---|---|---|---|---|---| |||||funds|funds||funds|funds|| ||||||general||as restated|as restated|as restated| |||||2021|2021||2020|2020|2020| ||||Notes||||||| |Investments||||136,647||136,647|135,922||135,922| |Ex en|r|n:|||||||| |Raising funds|||||63,911|63,911||54,494|54,494| |Charitable|activities|||145,330||145,330|110,177||110,177| |Total expenditure||||145,330|63,911|209,241|110,177|54,494|164,671| |Net gains/(losses)|||on||||||| |investments|||10||1,100,850|1,100,850||543,882|543,882| |Net movement||in|funds|(8,683)|1,036,939|1,028,256|25,745|489,388|515,133| |Fund balances||at 1 January|||||||| |2021||||88,379|10,871,777|10,960,156|62,634|10,382,389|10,445,023| |Fund balances||at|31||||||| |December|2021|||79,696|11,908,716|11,988,412|88,379|10,871,777|10,960,156| ## ## ||||All income funds|| |---|---|---|---|---| ||||2021f|2020| |Gross income|||136,647|135,922| |Total expenditure|from income funds||145,330|110,177| |Net (expenditure)/income||for the year|(8,683)|25,745| ## ## ## |||||2021|2020| |---|---|---|---|---|---| ||||||as restated| ||||Notes||| |Fixed assets|||||| |Investments||||12,052,473|10,962,216| |Current assets|||||| |Creditors:|amounts|falling due within|||| |one year|||13|(64,061)|(2,060)| |Net current|liabilities|||(64,061)|(2,060)| |Total assets less current liabilities||||11,988,412|10,960,156| |Capital funds|||||| |Expendable|endowment||14|11,908,716|10,871,777| |Income funds|||||| |Unrestricted|funds|||?9,696|88,379| |||||11,988,412|10,960,156| ## ## ## ## ## ## ## ## ## ## ## ## |3|Investments|Investments||| |---|---|---|---|---| ||||Unrestricted|Unrestricted| ||||funds|funds| |||||as restated| |||||2020| ||Dividends|from listed investments|61,883|67,999| ||Income from fixed interest securities||74,764|67,923| ||||136,647|135,922| |4|Raising funds|||| ||||Endowment|Endowment| ||||funds|funds| ||||general|general| ||||2021|2020| ||||f|f.| ||Investment|management|63,911|54,494| ||||63,911|54,494| |5|Charitable|activities||| |||||Endowment|Endowment| |---|---|---|---|---|---| |||||funds|funds| |||||general|general| |||||2021|2020| |||||f|f.| |Investment|management|||63,911|54,494| |||||63,911|54,494| |Charitable|activities||||| |||||Unrestricted|Unrestricted| |||||funds|funds| |||||2021|2020| |||||E|| |Grant funding||ofactivities (see note 6)||131,755|105,599| |Share ofsupport costs (see note 7)||||5,655|4,578| |Share ofgovernance|||costs (see note 7)|7,920|| |||||145,330|110,177| ## ## ## |||||Unrestricted|Unrestricted| |---|---|---|---|---|---| |||||funds|funds| |||||2021|2020| |Grants to|institutions|(to assist those blind/visually|impaired)||| |Geography|ofGood|||20,968|| |Sozidanie||||56,805|50,831| |Sensor-Tech||||53,982|32,935| |Volunteers|help orphans||||21,833| |||||131,755|105,599| ## |Support|co|sts||||||| |---|---|---|---|---|---|---|---|---| ||||Support|Governance|2021|Support|Governance|2020| ||||costs|costs||costs|costs|| |||||||F|F|| |Consultancy||fees|3,755||3,755|2,518||2,518| |Accountancy||fees|1,900||1,900|2,060||2,060| |Audit fees||||7,920|7,920|||| ||||5,655|7,920|13,575|4,578||4,578| |Analysed|between|||||||| |Charitable|activities||5,655|7,920|13,575|4,578||4,578| ## ## ## ## ## |||||||Endowment|Endowment| |---|---|---|---|---|---|---|---| |||||||funds|funds| |||||||general|general| |||||||2021|2020| |||||||f|E| ||Revaluation
of investments|||||949,758|493,656| ||Gain/(loss)
on sale of||investments|||151,092|50,226| |||||||1,100,850|543,882| |11|Fixed asset investments||||||| ||||||Listed|Cash in|Total| ||||||investments|portfolio|| ||Cost or valuation||||||| ||At 1 January 2021||||10,842,721|119,495|10,962,216| ||Additions||||2,017,382|(2,017,382)|| ||Valuation
changes||||1,100,850||1,100,850| ||Cash movement|||||(10,593)|(10,593)| ||Disposals||||(1,970,988)|1,970,988|| ||At 31 December 2021||||11,989,965|62,508|12,052,473| ||Carrying
amount||||||| ||At 31 December 2021||||11,989,965|62,508|12,052,473| ||At 31 December 2020||||10,842,721|119,495|10,962,216| |12|Financial instruments|||||2021|2020| |||||||E|| ||Carrying
amount of|financial assets|||||| ||instruments
measured||at fair value through|profit or loss||11,989,965|10,842,721| |13|Creditors: amounts|falling due within one year|||||| |||||||2021|2020| ||||||||E| ||Grants payable|||||53,981|| ||Accruals and deferred||income|||10,080|2,060| |||||||64,061|2,060| ## ## ## ||||Balance|Balance|at|Expenses|Revaluations|Balance at|Expenses|Revaluations|Balance at| |---|---|---|---|---|---|---|---|---|---|---|---| ||||1January|2020|||gains and1|January
2021||gains and|31December| ||||||||losses|||losses|2021| |||||||||E|||| ||Expendable|endowments|||||||||| ||2017||||||||||| ||donation||10,382,389|||(54,494)|543,882|10,871,777|(63,911)|1,100,850|11,908,716| ||||10,382,389|||(54,494)|543,882|10,871,777|(63,911)|1,100,850|11,908,716| |15|Analysis
of|net assets||between||funds|||||| ||||||Unrestricted
Endowment|||Total|Unrestricted|Endowment|Total| |||||||funds|funds||funds|funds|| |||||||2021|2021|2021|2020|2020|2020| |||||||f.|||||| ||Fund balances||at 31||||||||| ||December 2021 are||||||||||| ||represented|by:|||||||||| ||Investments||||143,757||11,908,716|12,052,473|90,439|10,871,777|10,962,216| ||Current assets/(liabilities)||||(64,061)||-|(64,061)|(2,060)|-|(2,060)| |||||||79,696|11,908,716|11,988,412|88,379|10,871,777|10,960,156| ## ##