2021-06-30-accounts

Trustees		Timothy G Freshwater,	Timothy G Freshwater,	Timothy G Freshwater,	Trustee
		David G Lovell,	Chair
		Guy Reynolds,	Trustee
Charity registered
number		1184963
Principal office		London Wall Partners			LLP
		Salisbury House
		London Wall
		London
		EC2M 5QQ
Independent	auditor	Sayers Butter worth		LLP
		Chartered Accountants			8 Statutory Auditors
		3rd Floor
		12 Gough Square
		London
		EC4A 3DW
Bankers		Cater Allen
		9 Nelson Street
		Bradford
		BD1 5AN
Investment	Manager	Embark Investment		Services Ltd
		100Cannon Street
		London
		EC4N 6EU
Investment	Advisor	London Wall Partners			LLP
		Salisbury House
		London Wall
		London
		EC2M 5QQ

				Unrestricted	Total	Total
				funds	funds	funds
				2021	2021	2020
			Note
Income from:
Donations and	legacies					4,605,500
Investments				41,093	41,093	18,651
Total income				41,093	41,093	4,624,151
Expenditure on:
Raising funds:	Investment	management		754	754	615
Charitable activities			6	1'043'533	1'043'533	37,186
Total expenditure				1,044,287	1,044,287	37,801
Net (expenditure)/income		before net gains on
investments				(1,003,194)	(1,003,194)	4,586,350
Net gains on investments				706,159	706,159	110,080
Net movement	in funds			(297,035)	(297,035)	4,696,430
Reconciliation	offunds:
Total funds brought forward				4,696,430	4,696,430
Net movement	in funds			(297,035)	(297,035)	4,696,430
Total funds carried forward				4,399,395	4,399,395	4,696,430

					Balance sheet	Balance sheet
					As at 30June 2021
							2021		2020
					Note		f'.		E
Fixed assets
Investments							5,129,682		4,624,075
							5,129,682		4,624,075
Current assets
Debtors						7,170
Cash at bank	and	in hand				69,143		78,355
						76,313		78,355
Creditors: amounts		falling		due within one
year					12	(206,600)		I'6,000}
Net current	liabilities		lassets				(130,287)		72,355
Total assets	less	current		liabilities			4,999,395		4,696,430
Creditors: amounts		falling		due after more
than one year							(600,000)
Net assets excluding			pension asset				4,399,395		4,696,430
Total net assets							4,399,395		4,696,430
Charity funds
Restricted funds
Unrestricted	funds						4,399,395		4,696,430
Total funds							4,399,395		4,696,430

			Unrestricted	Total
			funds	funds
			2020	2020
	Donations		4,605,500	4,605,500
5.	Investment	income

		Unrestricted	Total
		funds	funds
		2021	2021
Income	from listed investments	41,093	41,093
		Unrestricted	Total
		funds	funds
		2020	2020
Income	from listed investments	17,296	17,296
Interest	receivable	1,355	1,355
		18,651	18,651

Activities	Grant
undertaken	funding of	Total
directly	activities	funds
2021	2021	2021
	F
38,533	1,005,000	1,043,533

Expenditure	on charitable	activities
Analysis of	direct costs

Activities
undertaken	Total
directly	funds
2020	2020
37,186	37,186

							Total
						Activities	funds
						2021	2021
	Governance	costs		(note 8)		38,533	38,533
							Total
						Activities	funds
						2020	2020
	Governance	costs				37,186	37, '/86
7.	Grants to institutions
						2021	2020
	Emmanuel	College		in the University	of Cambridge	1,000,000
	The Wheelyboat		Trust			5,000
						1,005,000

		Unrestricted	Total
		funds	funds
		2021	2021
Audit remuneration		4,224	4,224
Accountancy fees		2,376	2,376
Legal and professional	fees	31,908	31,908
Bank charges		25	25
		38,533	38,533
		Unrestricted	Total
		funds	funds
		2020	2020
Audit remuneration		3,840	3,840
Accountancy fees		2,160	2,160
Legal and professional	fees	31,136	31,136
Bank charges		50	50
		37,186	37,186

		Listed
		investments
Cost or valuation
At 1 July 2020		4,624,075
Acquisitions at cost		1,178,733
Disposal proceeds		(1,379,285)
Unrealised gain on revaluations	in year	536,318
Realised gain on disposal		169,841
At 30June 2021		5,129,682
Net book value
At 30June 2021		5,129,682
At 30June 2020		4,624,075

		2021	2020
Due within	one year
Prepayments	and accrued income	7,170
		7,170

			2021f	2020
Accruals	and deferred	income	6,600	6,000
Accrued	grants payable	to institutions	200,000
			206,600	6,000

Stateme	nt of	funds - c	urrent year
								Balance at
			Balance at 1				Gains/	30June
			July	2020 F	Income	Expenditure	(Losses) f	2021
Unrestricted		funds
General	Funds		4,696,430		41,093	(1,044,287)	706,159	4,399,395
Statement of		funds - prior year
								Balance at
							Gainsi	30June
					Income	Expenditure	(Losses)	2020
Unrestricted		funds
General	Funds				4,624,151	(37,801)	110,080	4,696,430

Analysis	of n	et assets between funds - current year
			Unrestricted	Total
			funds	funds
			2021	2021
Fixed asset investments			5,129,682	5,129,682
Current	assets		76,313	76,313
Creditors	due	within one year	(206,600)	(206,600)
Creditors	due	in more than one year	(600,000)	(600,000)
Total			4,399,395	4,399,395

Analysis	of net assets between funds - prior year
		Vnrestricted	Total
		funds	funds
		2020	2020
Fixed asset investments		4,624,075	4,624,075
Current	assets	78,355	78,355
Creditors	due within one year	(6,000)	(6,000)
Tl		4,696,430	4,696,430