2020-12-31-accounts

			Page
Trustees'	annual report
Independent auditor's		report to the members
Statement	of financial	activities
Statement	of financial	position
Statement	of cash flows		10
Notes to the financial statements

Reference	and adm	inistrative	details	details
Registered	charity	name	The Sinclair Charity
Charity registration		number	1174460
Principal office			Mountview Estates Pic
			Mountview House
			151 High Street
			London
			N14 6EW
The trustees
			Mrs C Sinclair
			Mr AK Stubbs
			Mr DM Sinclair
Auditor			BSGValentine	(UK) LLP
			Chartered Accountants		&Statutory	Auditor
			Lynton House
			7-12Tavistock	Square
			London WC1H	9BQ

Year ended	31 Dece	mbe	r 2020
					2020		2019
					Unrestricted
					funds	Total funds	Total funds
				Note
Income and endowments
Donations and	legacies			4	3,639,912	3,639,912
Investment income				5	633,630	633,630	229,268
Total income					4,273,542	4,273,542	229,268
Expenditure
Expenditure on	raising funds:
Investment	management		costs	6	16953	16953
Expenditure on	charitable	activities		7,8	860,990	860,990	19,817
Total expenditure					877,943	877,943	19,817
Net income					3,395,599	3,395,599	209,451
Other recognised gains Revaluation of investments		and	losses		905,723	905,723	1,832,312
Net movement	In funds				4,301,322	4,301,322	2,041,763
Reconciliation	offunds
Total funds brought forward					10,055,317	10,055,317	8,013,554
Total funds carried forward					14,356,639	14,356,639	10,055,317

				2020	2019
			Note
Fixed assets
Investments			13	14,042,691	9,685,907
Current assets
Debtors			l4		114,634
Cash at bank	and in	hand		327,148	266,776
				327,148	381,41 0
Creditors: amounts		falling due within one year	15	(13,200)	(12,000)
Net current	assets			313,948	369,410
Total assets	less current liabilities			14,356,639	10,055,317
Net assets				14,356,639	10,055,317
Funds ofthe charity
Unrestricted	funds			14,356,639	10,055,317
Total charity	funds		16	14,356,639	10,055,317

Year ended 31 Decemb	er 2020
			2020	2019
Cash flows from operating	activities
Net income			3,395,599	209,451
Adjustments for:
Dividends, interest and rents	from investments		(633,565)	(229,268)
Other interest receivable and	similar income		(65)
Accrued expenses			1,200	6,000
Non-cash donations received			(2,040,134)
Changes in:
Trade and other debtors			114,634	(114,634)
Cash generated from operations			837,669	(128,451)
Interest received			65
Net cash from/(used in) operating activities			837,734	(128,451)
Cash flows from investing	activities
Dividends, interest and rents	from investments		633,565	229,268
Purchases of other investments			(3,673,990)
Proceeds from sale of other	investments		2,263,063
Net cash (used in)/from investing activities			(777,362)	229,268
Net increase in cash and cash equivalents			60,372	100,817
Cash and cash equivalents	at beginning	ofyear	266,776	165,959
Cash and cash equivalents	at end ofyear		327,148	266,776

4.	Donations	and lega	cies
					Unrestricted	Total Funds	Unrestricted	Total Funds
					Funds	2020	Funds	2019
	Legacies
	investment	portfolio	and	cash	3,639,912	3,639,912
5.	Investment	income

		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2020	Funds	2019
				P
Dividends	from investments	633,565	633,565	229,268	229,268
Bank interest receivable		65	65
		633,630	633,630	229,268	229,268

			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2020	Funds	2019
					P
	Portfolio management		16,953	16,953
7.	Expenditure	on charitable	activities by fund type
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2020	Funds	2019
	Donations		850,000	850,000
	Support costs		10,990	10,990	19,817	19,817
			860,990	860,990	19,817	19,817
8.	Expenditure	on charitable	activities by activity type

8.	Expenditure	on charitable activi	ties by activity type
			Grant funding		Total funds	Total fund
			of activities Support costs		2020	2019
	Donations		850,000		850,000
	Governance	costs		10,990	10,990	19,817
			850,000	10,990	860,990	19,817
9.	Analysis of	support costs

Professional
fees	Total 2020	Total 2019
10,990	10,990	19,817

10.	Analysis of grants
		2020	2019
	Grants to institutions
	Donations	85O,OOO
	Total grants	850,000
11.	Net income
	Net income is stated after charging/(crediting):
		2020	2019
		R
	Fees payable for the audit ofthe financial statements	7,200	4,500

Investments
	Listed	Other
	investments	investments	Total
Cost or valuation
At 1 January 2020	6,763,406	2,922,501	9,685,907
Additions	5,714,123		5,714,123
Disposals	(2,263,063)		(2,263,063)
Fair value movements	935,911	(30,187)	905,724
At 31 December 2020	11,150,377	2,892,314	14,042,691
Impairment
At 1 January 2020 and 31 December 2020
Carrying amount
At 31 December 2020	11,150,377	2,892,314	14,042,691
At 31 December 2019	6,763,406	2,922,501	9,685,907

2020	2019
13,200	12,000

			At				At
		1	January 202			Gains and 31 December
			0	Income	Expenditure	losses	2020
						E	P
General	funds		10,055,317	4,273,542	(877,943)	905,723	14,356,639
			At				At
		1	January 201			Gains and31 December
			9	income	Expenditure	losses	2019
						P
General	funds		8,013,554	229,268	(19,817)	1,832,312	10,055,317

Analysis of net as	sets between funds
		Unrestricted	Total Funds
		Funds	2020
investments		14,042,691	14,042,691
Current assets		327,148	327,148
Creditors less than	1 year	(13,200)	(13,200)
Net assets		14,356,639	14,356,639
		Unrestricted	Total Funds
		Funds	2019
			P
Investments		9,685,907	9,685,907
Current assets		381,410	381,410
Creditors less than	1 year	(12,000)	(12,000)
Net assets		10,055,317	10,055,317

18.	Financial instruments
	The carrying amount	for each category of financial				instrument	is as follows
									2020	2019
	Financial assets measured			at fair value through		income	and expenditure
	Financial assets measured		at fair value through		income and
	expenditure							14,042,691		9,685,907
19.	Analysis ofchanges	in net		debt
										At
						At 1 Jan 2020		Cash	flows	31 Dec 2020
									E
	Cash at bank and in	hand					266,776		60,372	327,148