2021-04-05-accounts

		Page
Report ofthe Trustees		1 to	3
Independent Examiner's	Report
Statement of Financial Activities
Balance Sheet
Cash Flow Statement
Notes to the Cash Flow	Statement
Notes to the Financial Statements		9 to	12

			Unrestricted
			fund
		Notes	E
INCOME AND ENDOWMENTS	FROM
Donations and legacies			2,521,700
Investment income			17,588
Total			2,539,288
EXPENDITURE ON
Raising funds			10,139
Charitable activities
Grants paid in the year			85,000
Other			20,635
Total			115,774
Net gains on investments			5,589
NET INCOME			2,429,103
TOTAL FUNDS CARRIED FORWARD			2,429,103

	THE PHIL	IP L CONNIE PHILLIPS FOUNDATION
		Balance Sheet
		31st March 2021
			Unrestricte
			fund
		Notes	E
FIXEDASSETS
Investments			2,015,993
CURRENT ASSETS
Cash at bank			420,425
CREDITORS
Amounts falling due within one year		10	(7,315)
NET CURRENT ASSETS			413,110
TOTAL ASSETS LESSCURRENT LIABILITIES			2,429,103
NET ASSETS			2,429,103
FUNDS
Unrestricted	funds		2,429,103
TOTAL FUNDS			2,429,103

			Notes
Cash flows from operating	activities
Cash generated from operations				2,413,241
Net cash provided by operating activities				2,413,241
Cash flows from investing	activities
Purchase offixed asset investments				(2,113,039)
Sale offixed asset investments				102,635
Interest received				191
Dividends received				17,397
Net cash (used in)/provided	by investing		activities	(1,992,816)
Change in cash and cash equivalents		in the
reporting period				420,425
Cash and cash equivalents	at the beginning
ofthe reporting period
Cash and cash equivalents	at the end	of
the reporting period				420,425

Net income for the	reporting	period (as per the Statement of Financial
Activities)			2,429,103
Adjustments for:
Interest received			(191)
Dividends received			(17,397)
(Gains)/Losses on investments			(5,589)
Increase in creditors			7,315
Net cash provided	by operations		2,413,241

	At 17.6.20	Cash flow	At 31.3.21
	E	f	E
Net cash
Cash at bank		420,425	420,425
		420,425	420,425
Total		420,425	420,425

	for the	for the	p	eriod 17th June 2020to 31st March 2021
2.	DONATIONS AND LEGACIES
					E
	Legacies				2,521,700
3.	INVESTMENT INCOME
					E
	Dividends received				17,397
	Deposit account interest				191
					17,588
4.	RAISING FUNDS
	Investment management	costs
					E
	Portfolio management				10,139
5.	CHARITABLE ACTIVITIES COSTS
					Grant
					funding of
					activities
					(see note
					6)
					f
	Grants paid in the year				85,000
6.	GRANTS PAYABLE
					E
	Grants paid in the year				85,000
	The total grants paid to institutions			during the period was as follows:
	British Heart Foundation				15,000
	Bromley, Lewisham & Greenwich		Mind Ltd		15,000
	Kent, Surrey &Sussex Air	Ambulance		Trust	15,000
	The Royal National Lifeboat Institution				15,000
	Cats Protection				5,000
	Prostate Cancer UK				10,000
	Macmillan Cancer Support				10,000
					85,000

			Information		Governance
			technology	Other	costs	Totals
			f	f	f	f
Other	resources	expended	9,225	1,825	9,585	20,635

FIXEDASSET INVESTMENTS
	Listed
	investments
	f
MARKET VALUE
Additions at cost	2,113,039
Disposals at carrying value	(100,485)
Net gain on revaluation	3,439
At 31st March 2021	2,015,993
NET BOOK VALUE
At 31st March 2021	2,015,993
Investments comprise of:
Fixed interest securities	289,082
Equities	1,134,617
Alternatives	384,075
Cash	208,219
	2,015,993

MOVEMENT	IN FUNDS
		Net
		movement	At
		in funds	31.3.21
		E	E
Unrestricted	funds
General fund		2,429,103	2,429,103
TOTAL FUNDS		2,429,103	2,429,103

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
		f	E	E	E
Unrestricted	funds
General fund		2,539,288	(115,774)	5,589	2,429,103
TOTAL FUNDS		2,539,288	(115,774)	5,589	2,429,103