2021-12-31-accounts

				Page
Reference and administrative		details ofthe Charity,	its Trustees and advisers
Trustees' report				2-6
Independent auditors'	report	on the financial statements		7-10
Statement offinancial	activities
Balance sheet				12
Statement of cash flows				13
Notes to the financial	statements			14-23

	Reference	and administrative	and administrative		details ofthe Charity,	details ofthe Charity,	its Trustees and advisers
		For the	Year Ended			31 December	2021
Trustees		Mr S P M Curtis,		Chair ofTrustees
		Mr D BGenders
		Mrs FJ Powell
		Mr J Renshaw
Charity registered
number		1190017
Registered	office	3rd Floor
		12 Gough Square
		London
		EC4A 3DW
Executive director		Mr C Whitbourn		(appointed		1 February 2022)
Independent	auditors	Sayers Butterworth			LLP
		3rd Floor
		12Gough Square
		London
		EC4A 3DW
Bankers		Barclays Bank Pic
		1 Churchill Place
		London
		E145HP
Solicitors		Cripps LLP
		Number 22
		Mount Ephraim
		Tunbridge Wells
		Kent
		TN4 8AS
Solicitors		Russell-Cooke	LLP
		8 Bedford Row
		London
		WC1R 4BX
Property managers		Amherst Asset	Management			Limited
		PO Box92
		Haslemere
		Surrey
		GU27 9GP
CIO number		CE022237

					Unrestricted	Total	Total
					funds	funds	funds
					2021	2021	2020
				Note
Income from:
Donations and	legacies			2	20,025,000	20,025,000	6,250
Investments				3	147,073	147,073
Total income					20,172,073	20,172,073	6,250
Expenditure on:
Raising funds:
Property management			costs		60,544	60,544
Charitable activities:
Governance	costs				35,158	35,158	'/,917
Total expenditure					95,702	95,702	1,917
Net movement	in funds				20,076,371	20,076,371	4,333
Reconciliation	offunds:
Total funds brought		forward			4,333	4,333
Net movement	in funds				20,076,371	20„076,371	4,333
Total funds carried		forward			20,080,704	20,080,704	4,333

					2021		2020
			Note
Fixed assets
Investment property					20,005,000
					20,005,000
Current assets
Debtors			10	93,594		1,250
Cash at bank and in hand				63,093		3,983
				156,687		5,233
Creditors: amounts	falling	due within one
year				(80,983)		(900)
Net current assets					75,704		4,333
Total assets less current		liabilities			20,080,704		4,333
Total net assets					20,080,704		4,333
Charity funds
Unrestricted funds			13		20,080,704		4,333
Total funds					20,080,704		4,333

				2021	2020
Cash flows from operating	activities
Net cash provided by operating activities				59„110	3,983
Change in cash and cash	equivalents	in	the year	59,110	3,983
Cash and cash equivalents	at the beginning		ofthe year	3,983
Cash and cash equivalents	at the end	of	the year	63,093	3,983
The notes on pages 14to 23 form part ofthese financial statements

Unrestricted	Total
funds	funds
2020	2020
6,250	6,250

						Unrestricted	Total
						funds	funds
						2021	2021f
	Income from		investment		properties	147,069	147„069
	Interest receivable					4	4
						147,073	147,073
4.	Expenditure		on raising		funds
						Unrestricted	Total
						funds	funds
						2021	2021f
	Property	management			costs
	Repairs and		maintenance			45,032	45,032
	Property	management		and letting fees		12,901	12,901
	Professional		fees			732	732
	Cleaning	fees				652	652
	Council tax					440	440
	Property	insurance				364	364
	Electricity	fees				227	227
	Gas fees					120	120
	Water rates					76	76
						60,544	60,544

5.	Analysis	ofexpenditure	on charitable	activities
	Summary	by fund type

		Unrestricted	Total
		funds	funds
		2021f	2021f
Charitable	activities	35,158	35,158

Unrestricted	Total
funds	funds
2020	2020
1,917	1,917

Support	Total
costs	funds
2021	2021
35,158	35,158

Charitable	activities	35,158	35,158
		Support	Total
		costs	funds
		2020	2020
Charitable	activities	1,917	1,917

Governance	costs
Governance	costs

	Total
Activities	funds
2021	2021
F
35,i58	35,158

	Tota/
Activities	funds
2020	2020
1,9'/7	1,917

		2021	2020
Due within one year
Other debtors		93,594
Prepayments	and accrued income		1,250
		93,594	'/,250

				2021	2020
				F
Trade creditors				2,592
Accruals	and deferred		income	78,391	900
				80,983	900
					2021
Resources deferred		during the year			50,433

				2021	2020
				F
Financial	assets
Financial	assets measured	at amortised	cost	156,687	5,233
				2021	2020
				F
Financial	liabilities
Financial	liabilities measured	at amortised	cost	10,958

Stateme	nt of	funds -current year
						Balance at
			Balance at 1			31
			January			December
			2021	Income	Expenditure	2021
						E
Unrestricted		funds
General	Funds - all funds		4,333	20,172,073	(95,702)	20,080,704
Statement of		funds - prior year
						Balance at
						31
						December
				Income	Expenditure	2020
Unrestricted		funds
General	Funds - all funds			6,250	(1,917)	4,333

		Unrestricted	Total
		funds	funds
		2021	2021
Investment	property	20,005,000	20,005,000
Current assets		156,687	156,687
Creditors	due within one year	(80,983)	(80,983)
Total		20,080,704	20,080,704

15.	Reconciliation of net movement	Reconciliation of net movement	in funds to net cash flow from operating	in funds to net cash flow from operating	in funds to net cash flow from operating	activities
						2021	2020
	Net income for the year (as per	Statement		of Financial	Activities)	20,076,371	4,333
	Adjustments for:
	Increase in debtors					(92,344)	(1,250)
	Increase in creditors					80,083	900
	Investment properties received	from legacy				(20,005,000)
	Net cash provided by operating		activities			59,110	3,983
16.	Analysis ofcash and cash equivalents
						2021	2020
	Cash in hand					63,093	3,983
	Total cash and cash equivalents					63,093	3,983

						At 1		At 31
						January		December
						2021	Cash flows	2021
								F
Cash	at	bank	and	in	hand	3,983	59,110	63,093
						3,983	59,110	63,093