2021-06-30-accounts

			Page
Reference and Administrative		Details ofthe Charity, its Trustees and Advisers
Trustees' Report			2-6
Independent Auditors'	Report	on the Financial Statements	7-10
Statement of Financial	Activities
Balance Sheet			12
Notes to the Financial	Statements		13-19

Trustees			Andrew Elder,	Chair	Chair
			Lindsay Elder
			Thomas Elder
			Geoff Stead
Charity	registered
number			1176650
Principal	office		13Hammersmith		Terrace
			London
			W6 9TS
Independent		auditors	Warrener Stewart
			Chartered Accountants
			Registered Auditors
			Harwood House
			43 Harwood Road
			London
			SW6 4QP
Bankers			SG Kleinwort	Hambros			Bank (Cl)	Limited
			SG Hambros	House
			18Esplanade
			St Helier
			Jersey
			JE46PR
Stockbrokers			Genesis Investment			Management		LLP
			21 Grosvenor	Place
			London
			SW1X 7HU

						Unresbf cted	Total	Tote/
						funds	funds	funds
						2021	2021	2020
					Note	6	6	5
Income from:
Donations and	legacies							1,442,809
Investments						5,350	5,350	3,366
Total income						5,350	5,350	1,446,175
Expenditure on:
Charitable activities						262,641	262,641	64,750
Total expenditure						262,641	262,641	64,750
Net (expenditure)/income				before net gains/(losses)
on investments						(257,291)	(257,291)	1,381,425
Net gains/gosses)		on investments				1,096,840	1,096,840	(21,582)
						839,549	839,549	1,359,743
Net movement	in	funds
Reconciliation	of	funds:
Total funds brought			forward			5,785,705	5,785,705	4,425,962
Net movement	in funds					839,649	839,549	1,359,743
Total funds canted			forward			6,625,254	6,625,254	5,785,705

		Note		2021f		2020
Fixed assets
Investments				3,030,289		4,788,251
				3,030,289		4,788,251
Current assets
Cash at bank and	in hand		3,600,005		1,007,534
			3,600,005		1,007,534
Creditors; amounts	falling due within one
year		9	(5,040)		(10,080)
Net current assets				3,594,965		997,454
Total net assets				6,625,254		5,785,705
Charity funds
Restricted funds
Unrestricted funds				6,625,254		5,785,705
Total funds				6,625,254		5,785,705

			Unrestricted	Total
			funds	funds
			2021	2021
			5	5
	Donations
			Unrestricted	Total
			funds	funds
			2020f	2020 5
	Donations		1,442,809	1,442,809
4.	Investment	income
			Unrestricted	Total
			funds	funds
			2021	2021
	Bank interest		5,350	5,350
			Unrestricted	Total
			funds	funds
			2020	2020
			6
	Bank interest		3,366	3,366

			Unrestricted	Total	Total
			funds	funds	funds
			2021 6	2021	2020f
Grants made			158,054	158,054	60,620
Audit fee			5,040	5,040	5,040
Legal and	professional	fees			(910)
Bank charges			180	180
Investment	transaction	fees	4,824	4,824
Loss on foreign exchange			94,543	94,543
			262,641	262,641	64,750

	Listed
	investments
	6
Cost or valuation
At 1 July 2020	4,788,251
Disposals	(2,854,802)
Revaluations	1,096,840
At 30June 2021	3,030,289
Net book value
At 30June 2021	3,030,289
At 30June 2020	4,788,251

		2021f	2020f
Trade creditors			5,040
Accruals and deferred	income	5,040	5,040
		5,040	10,080

								Balance at
			Balance at 1				Gains/	30June
			July 2020f	Income f	Expenditure	f.	(Losses) F	2021f
General funds			5,785,705	5,350	(262,641)		1,096,840	6,625,254
Summary	offunds	- prior year
								Balance at
			Balance at				Gains/	30June
			1Ju/72019f	Income f	Expenditure	f	(Losses)f	2020f
General funds			4,425,982	1,446,175	(64,750)		(21,682)	5,785,705

	Unrestricted	Total
	funds	funds
	2021	2021
	6	E
Fixed asset investments	3,030,269	3,030,289
Current assets	3,600,005	3,600,005
Creditors due within one year	(5,040)	(5,040)
Total	6,625,254	6,625,254

Analysis ofnet assets between funds - prior year
	Vnrestricted	Total
	funds	funds
	2020	2020
	5
Fixed asset investments	4,788,251	4,788,251
Current assets	1,007,534	1,007,534
Creditors due within one year	(10,080)	(10,080)
Total	5,785,705	5,785,705