2022-03-31-accounts

			Unrestricted	Endowment
			Funds	Funds	Total	2021
		Note			f
INCOMING RESOURCES
Donations			9,985		9,985	20,000
Sundry income			100		100
Investmentincome			14,124		14,124	5,731
TOTAL INCOMING RESOURCES			24,209		24,209	25,731
RESOURCES EXPENDED
Raising funds
Investment Manager's	fees			16,231	16,231	14,838
Charitable activities
Prizes			10,000		10,000	10,000
Contributions to First	Book Award					10,000
Award expenses			17,077		17,077	9,334
Other		5	22,116		22,116	34,084
			49,193	16,231	65,424	78,256
NET (EXPENDITURE)	BEFORE		(24,984)	(16,231)	(41,215)	(52,525)
INVESTMENT GAINS
NKT GAINS ON INVESTMENTS				56,654	56,654	313,960
NET (EXPENDITURE)/INCOME			(24,984)	40,423	15,439	261,435
TRANSFERS BETWEEN FUNDS		6	40,000	(40,000)
FUND BALANCES AT	I APRIL 2021		108,958	1,597,846	1,706,804	1,445,369
FUND BALANCES AT	31MARCH 2022		123,974	1,598,269	1,722,243	1,706,804

			Unrestmcted	Restricted	Total	2021
			Funds	Funds
Dividends and interest &om investment Bank interest		portfolio	14,110 14		14,110 14	5,695 36
			14,124		14,124	5,731

5. OTHER	COSTS
				Unrestricted	Restricted	Total	2021
				Funds	Funds
PR fees and	expenses			6,960		6,960	14,400
Other office	and administration	costs		13,566		13,566	12,767
Website costs							5,407
Bank charges				120		120	160
Governance	costs —Independent	Examiner's	fees	1,470		1,470	1,350
				f22,116	f-	f22,116	f34,084

7. INVESTMENTS
Fixed Asset Investments							2022	2021
Investments listed on recognised stock exchange
Balance brought forward as at 1 April 2021 at market value						1,503,641		1,218,704
Additions to investments at cost							908,608	856,879
Disposals						(922,783)		(880,453)
Surplus on revaluations							56,654	313,960
						1,546,120		1,503,641
Cash held as part ofinvestment portfolio							88,071	115,987
Balance carried forward as at 31March	2022 at market	value				f1,634,191		f1,619,628
Analysis ofInvestments
						Income from
						investments
						in	the year
Investments listed on arecognised stock exchange							14,110
Cash held as part ofinvestment portfolio
Total							f14,110
All investments held by the Foundation	form part ofpermanent		endowment		funds	held.
The investment fund and application	oftotal return	to permanent		endowment		funds
Opening value ofpermanent endowment	as at 1 April 2021							1,598,385
Less: Value ofpermanent endowment at date Order first applied								(1,033,275)
Opening value ofunapplied total return								565,110
Add: Investment return: gains								56,654
Less: Investment management and other	costs							(16,201)
Unapplied total return allocated to income in the reporting period								(40,000)
Unapplied total return as at 31March 2022								565,563
Add: Value ofpermanent endowment at	date Order first applied							1,033,275
Permanent endowment including unapplied total return
as at 31March 2022, constituting the investment fund								81,598,838

				2022	2021
Accruals	and	deferred	income	8,292	15,385
				f8,292	615,385

Movement	on Fun	ds
			Balances	Incoming	Outgoing	Gains and	Reallocation	Balances
			B/fwd	Resources	Resources	Losses		C/fwd
				g				g
Unrestricted	funds		108,958	24,209	(49,193)		40,000	123,974
Capital endowment		funds	1,597,846	-	(16,231)	56,654	(40,000)	1,598,269
Total funds			1,706,804	24,209	(65,424)	56,654		1 722 243