2020-12-31-accounts

			Page
General information
Report ofthe	Trustees
Independent	examiner's	report
Statement of	financial activities
Balance sheet
Statement of	Cash Flows
Notes to the	financial statements		10

						2020	2019
				Unrestricted	Endowment
				Fund	Fund	Total	Total
			Note	E	6	6	E
Income and endowments		from:
Investment income				76,651		76,651	308
Donations snd legacies					1,250,000	1,250,000	3,742,500
Total incoming resources				76,651	1,250,000	1,326,651	3,742,808
Expenditure on:
Charitable activities			4	40,763		40,763	32,375
Total expenditure				40,763		40,763	32,375
Net gains on investment	assets				44,957	44,957	49,707
Net income				35,888	1,294,957	1,330,845	3,766,I46
Transfer between funds				26,061	(26,061)
Net movement in funds				61,949	1,268,896	1,330,845	3,766, I46
Reconciliation offunds:
Fund balance brought forward		at
I January 2020				(26,061)	3,792,207	3,766,146	6,006
Fund balance carried forward		at
31 December 2020				35,888	5,061,103	5,096,991	3,766,/46

								2020		2019
						Note		6		6
Fixed assets
Investments								5,069,715		2,949,707
Current assets
Debtors									748,500
Cash at bank		and in hand					34,449		100,289
							34,449		848,789
Liabilities
Creditors: Amounts			falling due
within one	year					6	(7,173)		(32,350)
Net current		assets						27,276		816,439
Total assets		less current			liabilities			5,096,991		3,766,/46
Net assets								5,096,99 (		3,766,/46
The funds	ofthe charity:
Expendable	endowment			fund				5,061,103		3,792,207
Unrestricted		fund						35,888		(26,061)
								5,096,991		3,766,146

							2020	2019
						Note	Total	Total
								6
Net cash provided by operating			activities				1,932,560	2,994,283
Cash flows fram investing	activities:
Interest received							101
Purchase of investments							(1,998,501)	(2,900,000)
Net cash (used in)/provided		by	investing		activities		(65,840)	94,283
Change in cash and «ash	equivalents						(65,840)	94,283
Cash and cash equivalents		brought		forward			100,289	6,006
Cash and cash equivalents		carried		forward			34,449	100,289

2.	Donations	Donations	and	Legacies	2020	2019
Endowment		Capital		Fund
Cash	donation	and	tax	repayment	1,250,000	3,742,500
					1,250,000	3,742,500
3.	Investment		Income		2020	2019
					E	E
Dividend income received					76,550
Bank	interest	received			101	300
					76,651	308

						2020	2019
						E	E
Giants made te charitable institutions
De Havilland Aircraft Museum						3,000
Kids on Track						7,500
The Trussell Trust						10,000
The Woodland Trust						3,000
Watlington Hospital Charitable	Trust					7,500
St Peter's Church, Hammersmith						3,000
University College Oxford							25,000
						34,000	25,000
Governance costs allocated tn charitable			activities:
Consultancy costs						5,755	6,850
Auditor's remuneration						918	500
Bank charges						90	25
Total expenditure on charitable	activities					40,763	32,375
Expenditure on charitable activities		was attributable		to the unrestricted	fund.
5. Fixed asset investments						2020	2019
						E	E
Quoted investments
Market value at start of year						2,949,707
Additions						1,998,501	2,900,000
Accumulation dividends reinvested						76,550
Net unrealised gains on investment		assets				44,957	49,707
Market value at end ofyear						5,069,715	2,949,707

6.	Creditors:	amounts	falling	due	within	one	year	2020	2019
								E	E
Grants	payable								25,000
Accruals								7,173	7,350
								7,173	32,350

7.	Analysis ofnet assets between	funds
				Unrestricted	Expendable	Total
				Income	Endowment
				funds	funds	2020
				6		E
Fund balances as at 31 December 2020 are		represented	by:
Cash and	Debtors				67,938	67,938
Creditors				(40,662)		(40,662)
				(40,662)	67,938	27,276
Investments				76,550	4,993,165	5,069,715
				35,888	5,061,103	5,096,991

Re«onciliation ofnet	Re«onciliation ofnet	movement	in funds to net cash flow from operating activities
			2020	2019
			6	E
Net movement in	funds		1,330,845	3,760,140
Deduct gains on investments			(44,957)	(49,707)
Deduct income from investments			(76,651)
(Decrease)/increase	in creditors		(25,177)	32,350
Decrease/(increase)	in debtors		748,500	(748,500)
Net cash provided	by operating	activities	1,932,560	2,994,283