## 



## 

## 

|||Page|
|---|---|---|
|Trustees<br>and Professional<br>Advisors|||
|Trustees'<br>Report||2-4|
|Independent<br>Auditor's|Report|5-8|
|Statement<br>offinancial|activities||
|Balance Sheet||10|
|Statement<br>ofcash flows|||
|Notes to the financial|statements|12 - 17|





## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 



# 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 



## 

## 

## 



## 

## 

## 

## 



## 

## 

## 

||||Unrestricted|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2021|2021|2020|
|||Note|6'000|K'000|E'000|
|income from:||||||
|Legacies|||||132.206|
|Investments|||720|720|29|
||||720|720|132,235|
|Expenditure<br>on:||||||
|Donations|||4,021|4,021|7,326|
|Other expenditure|||66|66|45|
|Total expenditure|||4,087|4,087|7,371|
|Net operating<br>expenditure|||(3,367)|(3,367)|124,864|
|Loss on disposal|of investments||(132)|(132)||
|Exchange losses|||(12,528)|(12,528)||
|Net movement|in funds||(16,027)|(16,027)|124,864|
|Reconciliation|offunds:|||||
|Total funds brought forward||8|136,010|136,010|11,146|
|Total funds carried forwards|||119,983|119,983|136,010|





## 

## 

## 




## 

## 

## 

||||||2021|2020|
|---|---|---|---|---|---|---|
|||||Note|E'000|6'000|
|CASH FLOWS FROM OPERATING||ACTIVITIES|||||
|Net cash|provided<br>by operating<br>activities|||10|(1,542)|12,505|
|Investment|income||||720||
|CHANGE|IN CASH 8 CASH EQUIVALENT||IN THE YEAR||(822)|12,505|
|Cash and|cash equivalents<br>brought|forward|||12,521|16|
|CASH AND CASH EQUIVALENTS||CARRIED FORWARD|||11,699|12,521|





## 

# 

## 

## 

## 

## 

## 

## 



# 

# 

## 

## 

## 

## 

## 



## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

|Income from leg|ac|ies|||||
|---|---|---|---|---|---|---|
||||||2021<br>f'000|2020<br>f'000|
|(a)<br>Investments||||||123,301|
|(b)<br>Artwork||||||1,326|
|(b)<br>Chattels||||||199|
|Cash||||||7,380|
|||||||132,206|
|All income received||is|unrestricted.||||
|Donations|||||||
|||||||2021<br>f'000|
|The Professional|Teaching|||Institution||2,000|
|Moorfields<br>Eye Charity||||||2,000|
|Edinburgh<br>International|||Book Festival|||18|
|Royal Society of Literature||||||3|
|||||||4,021|



## 



## 

## 

## 

|Other expenditure<br>—sup|port costs||||
|---|---|---|---|---|
|2021|Total|Grant|Governance|Total|
||2021|Making|6'000|2020|
||F'000|6'000||6000|
|Auditor's|||||
|fees|||||
|Professional|62|62||28|
|Other|||||
||66|62||32|



## 

||||2021|2020|
|---|---|---|---|---|
||||F.'000|6'000|
|Auditors'|remuneration|—audit|4|4|



## 

## 



## 

## 

## 

|Statement<br>offunds —prior y|ear|||||
|---|---|---|---|---|---|
||Balance|Income|Expenditure|Gains/|Balance|
||at 6.4.19|E'000|E'000|(Losses)|at 31.3.20|
||F'000|||E'000|E'000|
|General funds —all funds|11,146|132,235|(7,371)||136,010|
|Statement offunds —current|year|||||
||Balance|Income|Expenditure|Gains/|Balance|
||at 1.4.20|E'000|E'000|(Losses)|at31.3.21|
||E'000|||K'000|E'000|
|General funds —all funds|136,010|720|(4,087)|(12,660)|119,983|



## 

## 

|Reconciliati|o|n<br>ofnet movement<br>in funds to net cash flow|from operating<br>a|ctivities|
|---|---|---|---|---|
||||2021<br>f'000|2020<br>K'000|
|Net movement||in funds for the year (as per Statement of|||
|Financial||Activities)|(16,027)|124,864|
|Increase<br>in|debtors||2,535|(112,358)|
|Increase<br>in|creditors||10|(1)|
|Exchange|||12,528||
|Assetlosses|||132||
|Investment|income||(720)||
||||(1,542)|12,505|



## 

##