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|||Page|
|---|---|---|
|Reference and administrative<br>details ofthe Charity,|its Trustees and advisers||
|Trustees'<br>report||2-4|
|Independent<br>examiner's<br>report|||
|Statement offinancial activities|||
|Balance sheet|||
|Notes to the financial statements||8-23|





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|Trustees||EA Shilling,<br>Chair||||
|---|---|---|---|---|---|
|||F EAnderson<br>(resigned||13June 2022)||
|||Dr R Cubbidge||||
|||F Drasar||||
|||R Dufton||||
|||A Lightstone<br>(resigned||13June 2022)||
|||J Morris||||
|||Dr DJ Parkins||||
|||Professor<br>M SSagoo||||
|Charity registered||||||
|number||Registered<br>in England|and Wales,||no. 1186122|
|Principal office||Apothecaries'<br>Hall||||
|||Black Friars Lane||||
|||London||||
|||EC4V 6EL||||
|Accountants||Kreston Reeves LLP||||
|||Chartered<br>Accountants||||
|||2nd Floor||||
|||168Shoreditch<br>High Street||||
|||London||||
|||E1 6RA||||
|Investment|managers|Rathbones<br>Investment||Management|Limited|
|||8 Finsbury<br>Circus||||
|||London||||
|||EC2M 7AZ||||
|Bankers||Lloyds Banking Group|PLC|||





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||||Endowment|Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|funds|
||||2022|2022|2022|2022|2021|
|||Note|E|f.|E|||
|Income and||||||||
|endowments|from:|||||||
|Donations<br>and|legacies|3|137,681|||137,681|147,672|
|Investments||4||13,493|14,380|27,873|27,098|
|Other income|||4,350|||4,350|900|
|Total income|and|||||||
|endowments|||142,031|13,493|14,380|169,904|175,670|
|Expenditure<br>on:||||||||
|Raising funds||6,7||7,756|8,266|16,022|15,650|
|Charitable<br>activities||9||29,679|66,143|95,822|107,598|
|Total expenditure||||37,435|74,409|111,844|123,248|
|Net income I||||||||
|(expenditure)|before|||||||
|net gains I(losses)||||||||
|on investments|||142,031|(23,942)|(60,029)|58,060|52,422|
|Net gains I(losses) on||||||||
|investments|||27,452|24,631||52,083|346,087|
|Net income I||||||||
|(expenditure)|||169,483|689|(60,029)|110,143|398,509|
|Transfers<br>between||||||||
|funds||16|(60,029)||60,029|||
|Net movement|in|||||||
|funds|||109,454|689||110,143|398,509|
|Reconciliation|of|||||||
|funds:||||||||
|Total funds brought||||||||
|forward|||928,220|870,997||1,799,217|1,400,708|
|Net movement|in funds||109,454|689||110,143|398,509|
|Total funds carried||||||||
|forward|||1,037,674|871,686||1,909,360|1,799,217|





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||Endowment|Unrestricted|Total|
|---|---|---|---|
||funds|funds|funds|
||2022|2022|2022|
||F|E|E|
|Donations|32,808||32,808|
|Legacies|100,000||100,000|
|Gift aid recoverable|4,873||4,873|
||137,681||137,681|
||Endowment|Unrestricted|Total|
||funds|funds|funds|
||2021|2021|2021|
|Donations|41,182|605|41,787|
|Legacies|100,000||100,000|
|GiR aid recoverable|5,734|151|5,885|
||146,916|756|147,672|





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||||||Restricted|Unrestricted|Total|
|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|
||||||2022|2022|2022|
|||||||P||
|Income|from|local|listed|investments|13,493|14,380|27,873|
||||||Restricted|Unrestricted|Total|
||||||funds|funds|funds|
||||||2021|2021|2021|
|Income|from|local|listed|investments|8,825|18,273|27,098|



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||||Endowment|Total|
|---|---|---|---|---|
||||funds|funds|
||||2022|2022|
||||F||
|Other|incoming|resources|4,350|4,350|
||||Endowment|Total|
||||funds|funds|
||||2021f|2021|
|Other|incoming|resources|900|900|



## 

||||Restricted|Unrestricted|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2022|2022|2022f|
|Subscriptions|and|directories|50|53|103|
|Advertisement|and|marketing|909|969|1,878|
||||959|1,022|1,981|





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||||Restricted|Unrestricted|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2021|2021f|2021f|
|Subscriptions|and|directories|51|48|99|
|Advertisement|and|marketing|2,036|1,923|3,959|
||||2,087|1,971|4,058|



## 

|||||Restricted|Unrestricted|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2022<br>f|2022<br>f|2022|
||Investment|management|fees|6,797|7,244|14,041|
|||||Restricted|Unrestricted|Total|
|||||funds|funds|funds|
|||||2021<br>f|2021<br>f|2021f|
||Investment|management|fees|3,694|7,898|11,592|
|8.|Analysis|ofgrants|||||



|Grants to|Grants to|Total|
|---|---|---|
|Institutions|Individuals|funds|
|2022<br>F|2022f|2022|
|56,753|21,000|77,753|





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|||||Grants to|Grants to|Grants to|Total|
|---|---|---|---|---|---|---|---|
|||||Institutions||Individuals|funds|
||||||2021|2021|2021|
|Grants and donations||||59,524||18,000|77,524|
|The Charity has made the following||material|grants to institutions|during|the|year:||
|||||||2022|2021f|
|Name ofinstitution||||||||
|StJohn ofJerusalem|eye hospital|||||2,000||
|Vision 2020||||||2,500||
|World Jewish Relief||||||5,934||
|Treloar Trust||||||2,521||
|Deafblind<br>UK||||||2,000|2,000|
|Sense International||||||5,000||
|Blind in Business||||||5,000||
|Royal Opera House||||||5,050||
|Andean<br>Medical Mission||||||5,800||
|Clear Vision||||||2,500|3,000|
|World Jewish Relief (Ukraine appeal)||||||2,500||
|Vision Aid Overseas||||||3,850||
|New College Worcester||||||2,000||
|Northern<br>Ballet||||||3,768|6,564|
|Beacon Centre||||||6,330||
|Goalball|||||||9,507|
|Fight for Sight|||||||7,500|
|SeeAbility|||||||5,000|
|Extant|||||||5,000|
|||||||56,753|38,571|
|Other grants to institutions|||||||20,953|
|||||||56,753|59,524|





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||||Restricted|Unrestricted||
|---|---|---|---|---|---|
||||funds|funds|Total|
||||2022|2022f|2022|
|Governance|costs||2,412|2,688|5,100|
|Charitable|activities||21,000|56,753|77,753|
|Cost ofgenerating||funds|6,267|6,702|12,969|
||||29,679|66,143|95,822|



||||Restricted|Unrestricted||
|---|---|---|---|---|---|
||||funds|funds|Total|
||||2021<br>f|2021|2021|
|Governance|costs||8,187|8,035|16,222|
|Charitable|activities||24,500|53,024|77,524|
|Cost of generating||funds|7,120|6,732|13,852|
||||39,807|67,791|107,598|



## 

||||Grant|||
|---|---|---|---|---|---|
||||funding<br>of|Support|Total|
||||activities|costs|funds|
||||2022|2022|2022|
||||E.|E||
|Governance|costs|||5,100|5,100|
|Charitable|activities||77,753||77,753|
|Cost ofgenerating||funds||12,969|12,969|
||||77,753|18,069|95,822|





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||||Grant|||
|---|---|---|---|---|---|
||||funding of|Support|Total|
||||activities|costs|funds|
||||2021|2021|2021|
|Governance|costs|||16,222|16,222|
|Charitable|activities||77,524||77,524|
|Cost of generating||funds||13,852|13,852|
||||77,524|30,074|107,598|



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||Listed|
|---|---|
||investments|
||F|
|Cost or valuation||
|At 1 April 2021|1,763,022|
|Additions|555,180|
|Disposals|(498,600)|
|Revaluations|56,090|
|At 31 March 2022|1,875,692|
|Net book value||
|At 31 March 2022|1,875,692|
|At 31March 2021|1,763,022|





|Notes|to the financial statements|to the financial statements|to the financial statements|||
|---|---|---|---|---|---|
|Forthe year ended||31 March 2022||||
|14.|Debtors|||||
|||||2022|2021|
|||||R|E|
||Other debtors||||500|
||Prepayments|and accrued income||3,832|3,914|
||Tax recoverable|||4,857|2,419|
|||||8,689|6,833|
|15.|Creditors: Amounts||falling due within one year|||
|||||2022|2021|
||Accruals<br>and|deferred|income|22,189|26,976|





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|||||||||Balance at|
|---|---|---|---|---|---|---|---|---|
||Balance at 1|'||||Transfers|Gains/|31 March|
||April 2021<br>f||Income<br>f|Expenditure|f|in/out<br>F|(Losses)<br>F|2022<br>F|
|Unrestricted|||||||||
|funds|||||||||
|General<br>Funds|||14,380|(74,409)||60,029|||
|Endowment|||||||||
|funds|||||||||
|Endowment|||||||||
|Fund|928,220||142,031|||(60,029)|27,452|1,037,674|
|Restricted|||||||||
|funds|||||||||
|Restricted fund-|||||||||
|Trevor White|125,057||1,937|(2,350)||||124,644|
|Restricted fund-|||||||||
|Education|||||||||
|Trust|745,940||11,556|(35,085)|||24,631|747,042|
||870,997||13,493|(37,435)|||24,631|871,686|
|Total offunds|1,799,217||169,904|(111,844)|||52,083|1,909,360|





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## 

|Statement offun|ds - prior year||||||
|---|---|---|---|---|---|---|
|||||||Balance at|
||Balance at|||Transfers|Gains'|31March|
||1 April 2020|Income|Expenditure|in/out|(Losses)|2021|
|||E|||||
|Unrestricted|||||||
|funds|||||||
|Designated|||||||
|funds|||||||
|Designated|||||||
|Funds|4,972|||(4,972)|||
|General funds|||||||
|General<br>Funds|602,785|19,029|(77,660)|(543,098)|(1,056)||
|Total|||||||
|Unrestricted|||||||
|funds|607,757|19,029|(77,660)|(548,070)|(1,056)||
|Endowment|||||||
|funds|||||||
|Endowment|||||||
|Fund|659,023|147,816||(62,119)|183,500|928,220|
|Restricted|||||||
|funds|||||||
|Restricted fund-|||||||
|Trevor White|133,928|2,198|(11,069)|||125,057|
|Restricted fund-|||||||
|Education|||||||
|Trust||6,627|(34,519)|610,189|1S3,643|745,940|
||133,928|8,825|(45,588)|610,189|163,643|870,997|
|Total offunds|1,400,708|175,670|(123,248)||346,087|1,799,217|





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|Summary<br>offun|ds - current year||||||
|---|---|---|---|---|---|---|
|||||||Balance at|
||Balance at 1|||Transfers|Gains/|31 March|
||April 2021<br>E|Income|Expenditure<br>E|in/outf|(Losses)<br>F|2022<br>f|
|General funds||14,380|(74,409)|60,029|||
|Endowment|||||||
|funds|928,220|142,031||(60,029)|27,452|1,037,674|
|Restricted funds|870,997|13,493|(37,435)||24,631|871,686|
||1,799,217|169,904|(111,844)||52,083|1,909,360|



|Summary<br>offund|s - prior year||||||
|---|---|---|---|---|---|---|
|||||||Balance at|
||Balance at|||Transfers|Gainsl|31March|
||1Apri! 2020|Income|Expenditure|in/out|(Losses)|2021|
|Designated|||||||
|funds|4,972|||(4,972)|||
|General funds|602,785|19,029|(77,660)|(543,098)|(1,056)||
|Endowment|||||||
|funds|659,023|147,816||(62,119)|183,500|928,220|
|Restricted funds|133,928|8,825|(45,588)|610,189|163,643|870,997|
||1,400,708|175,670|(123,248)||346,087|1,799,217|



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|Analysis|ofnet assets between funds - curr|ent year|||
|---|---|---|---|---|
|||Endowment|Restricted|Total|
|||funds|funds|funds|
|||2022f|2022|2022<br>E|
|Fixed asset investments||1,004,006|871,686|1,875,692|
|Current|assets|55,857||55,857|
|Creditors|due within one year|(22,189)||(22,189)|
|Total||1,037,674|871,686|1,909,360|





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|Analysis of net assets between funds - prio|r year|||
|---|---|---|---|
||Endowment|Restricted|Total|
||funds|funds|funds|
||2021<br>E|2021|2021f|
|Fixed asset investments|910,753|852,269|1,763,022|
|Current assets|30,485|32,686|63,171|
|Creditors due within one year|(13,018)|(13,958)|(26,976)|
||928,220|870,997|1,799,217|



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