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||||Page|
|---|---|---|---|
|Reference and Administrative||Details ofthe Charity, its Trustees and Advisers||
|Trustees'<br>Report|||2-9|
|Independent<br>Auditors'|Report|on the Financial Statements|10-13|
|Statement of Financial|Activities||14|
|Balance Sheet|||15|
|Notes tothe Financial|Statements||16-22|





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|Trustees||Andrew<br>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<br>Accountants||||||
|||Registered<br>Auditors||||||
|||Harwood<br>House||||||
|||43 Harwood<br>Road||||||
|||London||||||
|||SW6 4QP||||||
|Bankers||SG Kleinwort|Hambros|||Bank (Cl)|Limited|
|||SG Hambros|House|||||
|||18Esplanade||||||
|||St Helier||||||
|||Jersey||||||
|||JE48PR||||||
|Stockbrokers||Genesis Investment|||Management||LLP|
|||21 Grosvenor|Place|||||
|||London||||||
|||Sw1x 7HU||||||





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|||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
||||Note|2022<br>E|2022f|2021|
|Income from:|||||||
|Investments||||368,032|368,032|5,350|
|Total income||||368,032|368,032|5,350|
|Expenditure<br>on:|||||||
|Charitable<br>activities||||360,652|360,652|262,641|
|Total expenditure||||360,652|360,652|262,641|
|Net income/(expenditure)||before net (losses)/gains|||||
|on investments||||7,380|7,380|(257,291)|
|Net (losses)/gains|on investments|||(644,307)|(644,307)|1,095,840|
|Net movement<br>in|funds|||(636,927)|(636,927)|839,549|
|Reconciliation<br>of|funds:||||||
|Total funds brought|forward|||6,625,254|6,625,254|5,785,705|
|Net movement<br>in funds||||(636,927)|(636,927)|839,549|
|Total funds carried forward||||5,988,327|5,988,327|6,625,254|





||||Note||2022<br>8||2021f|
|---|---|---|---|---|---|---|---|
|Fixed assets||||||||
|Investments|||||3,656,101||3,030,289|
||||||3,656,101||3,030,289|
|Current assets||||||||
|Cash at bank|and in|hand||2,450,200||3,600,005||
|||||2,460,200||3,600,005||
|Creditors: amounts||felling due within one||||||
|year|||8|(117,974)||(5,040)||
|Net current|assets||||2,332&226||3,594,965|
|Total net assets|||||5,988,327||6,625,254|
|Charity funds||||||||
|Restricted funds||||||||
|Unrestricted|funds||||5,988,327||6,625,254|
|Total funds|||||5,988,327||6,625,254|



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|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2022|2022|
|||6|6|
|Bank|interest|6,120|6,120|
|Gain|on short term investments|361,912|361,912|
|||368,032|368,032|



|||Unrestri cted|Total|
|---|---|---|---|
|||funds|funds|
|||2021f|2021|
|Bank|interest|5,350|5,350|





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|||Unrestricted||
|---|---|---|---|
|||funds|Total|
|||2022|2022|
|||6|6|
|Grants made||308,655|306,655|
|Audit fee||5,400|5,400|
|Bank charges||72|72|
|Loss on foreign exchange||46,525|46,525|
|Total 2022||360,652|360,652|
|||Unrestricted||
|||funds|Total|
|||2021|2021|
|Grants made||158,054|158,054|
|Audit fee||5,040|5,040|
|Bank charges||180|180|
|investment|transaction fees|4,824|4,824|
|Loss on foreign exchange||94,543|94,543|
|Total 2021||262,641|262,641|



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||Listed|
|---|---|
||investments|
||6|
|Cost or valuation||
|At 1 July 2021|3,030,289|
|Additions|1,270,119|
|Revaluations|(644,307)|
|At 30June 2022|3,656,101|
|Net book value||
|At 30June 2022|3,656,101|
|At30June 2021|3,030,289|



|||||2022|2021|
|---|---|---|---|---|---|
|||||6||
|Accruals|and|deferred|income|117,974|5,040|





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||||||||Balance at|
|---|---|---|---|---|---|---|---|
|||Balance at 1||||Gains/|30June|
|||July 2021f|Income<br>f|Expenditure|f|(Losses)<br>f|2022<br>f|
|General|funds|6,625,254|368,032|(360,652)||(644,307)|5,988,327|



|||||||Balance at|
|---|---|---|---|---|---|---|
|||Balance st|||Gainer|30June|
|||1Ju/y 2020|Income|Expendituref|(Losses)|2021|
|General|funds|5,785,705|5,350|(262,641)|1,096,840|6,625,254|





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|Analysis of net assets between funds - current ye|ar||
|---|---|---|
||Unrestricted|Total|
||funds|funds|
||2022f|2022f|
|Fixed asset investments|3,656,101|3,856,101|
|Current assets|2,450,200|2,450,200|
|Creditors due within one year|(117,974)|(117,974)|
|Total|5,988,327|5,988,327|



|Analysis ofnet assets between funds - prior year|||
|---|---|---|
||Unrestricted|Total|
||funds|funds|
||2021|2021|
|Fixed asset investments|3,030,289|3,030,289|
|Current assets|3,600,005|3,600,005|
|Creditors due within one year|(5,040)|(5,040)|
||6,625,254|6,625,254|