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|Index|||Page||
|---|---|---|---|---|
|Trustees' Report||1|-|3|
|Independent<br>Examiner's|Report||||
|Statement ofFinancial|Activities||||
|Balance Sheet|||||
|Notes to the Accounts||7|—|11|





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|||||2022|2021|
|---|---|---|---|---|---|
|||||Unrestricted|Unrestricted|
|||||funds|funds|
||||Note|||
|Income and endowments||from:||||
|Investment<br>income||||41,674|45,024|
|Total income||||41,674|45,024|
|Expenditure<br>on:||||||
|Raising funds||||(8,609)|(9,402)|
|Charitable<br>activities||||(124,998)|(308,867)|
|Total expenditure||||(133,607)|(318,269)|
|Net expenditure<br>before||gains||||
|on investments||||(91,933)|(273,245)|
|Net gain on investments||||244,744|1,741,609|
|Net gain/(loss)<br>on foreign||currency transactions||37|(45)|
|Net movement<br>in funds||||152,848|1,468,319|
|Reconciliation offunds:||||||
|Total funds brought|forward|||7,458,253|5,989,934|
|Total funds carried|forward|||f7,611,101|f7,458,253|





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|2|Investment||income||2022|2021|
|---|---|---|---|---|---|---|
||Dividends<br>and interest on listed investments||||41,674|45,023|
||Interest||on cash deposits|||1|
||||||f41,674|f45,024|
|3|Expenditure||on raising funds||2022|2021|
||Investment|management<br>fees|||8,609|9,402|
||||||f8,609|X9,402|
|4|Expenditure||on charitable|activities|2022|2021|
||Grants||awarded (see note 5)||120,110|303,188|
||Governance<br>costs (see note 6)||||4,888|5,679|
||||||f124,998|f308,867|



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|The charity<br>under<br>furtherance<br>ofits|took<br>no direct<br>charitable<br>activities<br>b<br> charitable<br>activities.|ut awarded<br>grants<br>to a number<br>of|institutions<br>in|
|---|---|---|---|
|Grants awarded|during the year:|2022|2021|
|Music and the Arts||105,496|292,833|
|Education||8,614|10,355|
|Health and Welfare||5,000||
|Environmental|Conservation|1,000||
|||f120,110|f303,188|





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|6|Governance<br>costs|Governance<br>costs||2022|2021|
|---|---|---|---|---|---|
||Management|and administration||||
||Accountancy|fees||3,746|4,600|
||Independent|Examination|fees|1,080|1,020|
||Bank charges|||62|59|
|||||f4,888|X5,679|



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|||||
|---|---|---|---|
|8|Fixed asset investments|2022|2021|
||Market value as at 5 April 2021|7,529,122|6,067,219|
||Additions<br>to investments<br>at cost|871,435|1,502,574|
||Disposal proceeds from investments|(1,008,514)|(1,782,280)|
||Realised gain on disposal ofinvestments|106,839|119,271|
||Unrealised<br>gain on revaluation<br>ofinvestments|137,905|1,622,338|
||Market value at 5April 2022|f7,636,787|f7,529,122|
|9|Analysis ofcurrent assets|2022|2021|
||Cash at bank|||
||Alvarium<br>Investments<br>Limited|956|3,110|
||LGT Wealth Management<br>UK LLP|42,334|10,306|
||Total cash|f43,290|f13,416|





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|10|Creditors: amounts<br>falling|due within one year|2022|2021|
|---|---|---|---|---|
||Accountancy<br>fees||6,726|7,432|
||Audit fees|||3,456|
||Independent<br>examination|fees|2,100|1,020|
||Investment<br>management|fees|2,150|2,377|
||Grants awarded for future payment||58,000|70,000|
||||f68,976|f84,285|



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