2022-04-06-accounts

		Page
Report ofthe Trustees	1	to	2
Independent Examiner's Report
Statement ofFinancial Activities
Balance Sheet
Cash Flow Statement
Notes to the Cash Flow Statement
Notes to the Financial Statements	8	to	13
Detailed Statement ofFinancial Activities		14

						Period
						27.4.20
					Year Ended	to
					6.4.22	6.4.21
					Unrestricted	Total
					funcl	-funds- -----
				Notes
INCOME	AND ENDOWMENTS FROM
Donations	and legacies					2,005,000
Investment	income				49,192	24,700
Total					49,192	2,029,700
EXPENDITURE ON
Charitable	activities
Charitable	Activities				105,356	5,000
Other					(984)	23,694
Total					104,372	28,694
Net gains on investments					62,755	220,926
NET INCOME					7,575	2,221,932
RECONCILIATION			OF FUNDS
Total funds	brought	forward			2,221,932
TOTAL FUNDS CARRIED FORWARD					2,229,507	2,221,932

		2022	2021
		Unrestricted	Total
		fllilCI	funds
	Notes
FIXEDASSETS
Investments		2,160,906	2,121,293
CURRENT ASSETS
Cash at bank		87,258	113,249
CREDITORS
Amounts falling due within one year	10	(18,657)	(12,610)
NET CURRENT ASSETS		68,601	100,639
TOTAL ASSETSLESSCURRENT
LIABILITIES		2,229,507	2,221,932
NET ASSETS		2,229,507	2,221,932
FUNDS
Unrestricted funds		2,229,507	2,221,932
TOTAL FUNDS		2,229,507	2,221,932

					Period
					27.4.20
				Year Ended	to
				6.4.22	6.4.21
			Notes
Cash flows from operating	activities
Cash generated lrom operations				(49,141)	2,013,616
Net cash (used in)/provided	by operating		activities	(49,141)	2,013,616
Cash flows from investing	activities
Purchase offixed asset investments Sale offixed asset investments				(464,776) 487,918	(2,406,777) 506,410
Interest received				8
Net cash provided by/(used	in) investing		activities	23,150	(1,900,367)
Change in cash and cash equivalents		in
the reporting period				(25,991)	113,249
Cash and cash equivalents	at the
beginning ofthe reporting	period			113,249
Cash and cash equivalents	at the end	of
the reporting period				87,258	113,249

	RECONCIL	IATION OF N	ET INCOME TO NET CASH FLOW FROM O	PERATING AC	TIVITIES
					Period
					27.4.20
				Year Ended	to
				6.4.22	6.4.21
	Net income	for the reporting	period (as per the Statement ofFinancial
	Activities)			7,575	2,221,932
	Adjustments	for:
	Gain on investments			(62,755)	(220,926)
	Interest received			(8)
	Increase in creditors			6,047	12,610
	Net cash (used in)/provided		by operations	(49,141)	2,013,616
2.	ANALYSIS	OF CHANGES	IN NET FUNDS
			At 7.4.21	Cash flow	At 6.4.22
	Net cash
	Cash at bank		113,249	(25,991)	87,258
			113,249	(25,991)	87,258
	Total		113,249	(25,991)	87,258

									Period
									27.4.20
								Year Ended	to
								6.4.22	6.4.21
	Investment		income					49,184	24,700
	Deposit account interest							8
								49,192	24,700
							2022		2021
	UK Dividends						21,216		14,373
	Foreign Dividends			(after Overseas		Tax)	18,859		7,558
	UK Interest						5,194		2,329
	Foreign Interest								442
	Property Income distributions				UK		3,915
							49,184		24,700
4.	CHARITABLE ACTIVITIES COSTS
							Grant
							funding of
							activities	Support
							(see note	costs (see
							5)	note 6)	Totals
	Charitable		Activities				70,000	35,356	105,356
5.	GRANTS		PAYABLE
									Period
									27.4.20
								Year Ended	to
								6.4.22	6.4.21
	Charitable	Activities						70,000	5,000
	The total grants paid to institutions					during the year was as follows:
									Period
									27.4.20
								Year Ended	to
								6.4.22	6.4.21
	Copenhagen		Youth	Project				50,000	5,000
	StGile Trust							5,000
	Community		Hub					5,000
	Refuge Youth							2,500
	The Exodus		Project					2,500
	Up N Away							2,500
	Youth on the move							2,500
								70,000	5,000

SUPPOR	T COSTS
			Portfolio
			management	Investment	Governance
		Finance	fees	Advice	costs		Totals
Charitable	Activities	4	12,813	11,231-—	—&1-,308-	--	35,356—--— —	—-- ——

COMPAR	ATIVES FOR THE STATEMENT OF FINANCIAL AC	TIVITIES
		Unrestricted
		fund
INCOME	AND ENDOWMENTS FROM
Donations	and legacies	2,005,000
Investment	income	24,700
Total		2,029,700
EXPENDITURE ON
Charitable	activities
Charitable	Activities	5,000
Other		23,694
Total		28,694
Net gains on investments		220,926
NET INCOME		2,221,932
TOTAL FUNDS CARRIED FORWARD		2,221,932

FIXEDASSETINVKSTMKNTS
	Listed
	investments
MARKET VALUE
At 7th April 2021	2,121,293
Additions	464,776
Disposals	(487,918)
Revaluations	62,755
At 6th April 2022	2,160,906
NET BOOKVALUE
At 6th April 2022	2,160,906
At 6th April 2021	2,121,293

	2022	2021
North America	765,721	661,376
Europe (excluding UK)	243,657	302,577
Asia	35,981	56,602
	1,045,359	1,020,555

			Listed
			investments
Valuation	in	2021	214,454
Valuation	in	2022	11,255
Cost			1,935,197
			2,160,906

2022	2021
18,657	12,610

10.	CREDITORS: AMOUNTS FALLING DUE	WITHIN ONE YEAR	2022	2021
	Other creditors		18,657	12,610
11.	MOVEMENT IN FUNDS
			Net
			movement	At
		At 7.4.21	in funds	6.4.22
	Unrestricted funds
	General fund	2,221,932	7,575	2,229,507
	TOTAL FUNDS	2,221,932	7,575	2,229,507

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrestricted	funds
General fund		49,192	(104,372)	62,755	7,575
TOTAL FUNDS		49,192	(104,372)	62,755	7,575

		Net
		movement	At
		in funds	6.4.21
Unrestricted	funds
General fund		2,221,932	2,221,932
TOTAL FUNDS		2,221,932	2,221,932

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrestricted	funds
General fund		2,029,700	(28,694)	220,926	2,221,932
TOTAL FUNDS		2,029,700	(28,694)	220,926	2,221,932

		FOR THE YEAR ENDED 6T	H APRIL 2022
				Period
				27.4.20
			Year Ended	to
			6.4.22	6.4.21
INCOME AND ENDOWMENTS
Donations and legacies
Donations				2,005,000
Investment income
Investment income			49,184	24,700
Deposit account interest			8
			49,192	24,700
Total incoming resources			49,192	2,029,700
EXPENDITURE
Charitable activities
Grants to institutions			70,000	5,000
Other
Exchange rate losses			(984)	105
Support costs
Finance
Bank charges
Portfolio management fees
Portfolio management			12,813	8,778
Investment Advice
Investment advice			11,231	7,740
Governance costs
Auditors' remuneration				5,000
Accountancy and legal fees			11,308	2,070
			11,308	7,070
Total resources expended			104,372	28,694
Net (expenditure)/income		before gains and
losses			(55,180)	2,001,006
Realised recognised	gains	and losses
Realised gains/(losses)	on fixed asset investments		42,436	15,536
Unrealised gains/loss	fixed	asset investment	20,319	205,390
Net income			7,575	2,221,932