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|**Charitynumber**|RegisteredCharity1190167||
|---|---|---|
|**Trustees**|ProfessorDavidCoggonOBEMAPhDDMFRCPFFOMFFPHFMedSci||
||MrsChristinaFitzsimons(appointedMay2021)||
||MrsClareGilchrist||
||DrAlexJonesMChemPhDFRSC(appointedMay2021)||
||MrsPatriciaLebus||
||DrIraMadanMBBS(Hons)MDFRCPFFOM||
||ProfessorSirAnthonyNewmanTaylorCBEFRCPFFOMFMedSci(Chairman)||
||MrPeterO'Hea(retiredMay2021)||
|**ChiefExecutive**|MrsNatashaHeydon||
|**ScientificAdvisers**|ProfessorPaulCullinanMD,FRCP,FFOM,NationalHeartandLungInstitute,||
||ImperialCollege,London||
||DrRodgerDuffinBSc(Hons),PhD,MRCPath,FRSB,UniversityofEdinburgh||
||DrElaineWainwright,CPsychol,PhD,FHEA,MSc,MA(Oxon)|(appointed|
||November2021)||
|**InvestmentAdviser**|MrRoystonFoxFPFS||
|**Charityaddress**|UnitE,TheOldBakery||
||GoldenSquare||
||Petworth||
||WestSussexGU28OAP||
||www.coltfoundation.org.uk||
||Emailtash@coltfoundation.org.uk||
|**Bankers**|LloydsBankLtd,34Moorgate,London,EC2R6PL(closedNovember2021)||
||CaterAllenPrivateBank,2TritonSquare,London,NW13AN(opened|November|
||2021)||
|**Solicitors**|Farrer&Co,66Lincoln'sInnFields,London,WC2A3LH||
|**Accountants**|TCGroup,3AcornBusinessCentre,NortharbourRoad,Cosham,P063TH||
|**Investmentmanagers**|Qui!terCheviotInvestmentManagement,SenatorHouse,85QueenVictoria||
||Street,LondonEC4V4AB||





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|Thed|onationreceivedintothecharityonthe1stJanuary2021comprised:||
|---|---|---|
|Listed|investmentscomprisingaportfolioofdiverseequityinvestments|31,723,130|
|Fixed|termbankdeposits|1,004,546|
|Liquid|cashbalances|300,220|
|Grant|commitmentsasat31/12/2020|(1,325,455)|
|||31,702,441|



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|||_Unrestricted_|_Unrestricted_|
|---|---|---|---|
|||_Funds_|_Funds_|
||Note|**Yearended**|**Periodended**|
|||**31Dec2021**|**31Dec2020**|
||||**£**|
|**Incomingresources**||||
|Donations:||||
|TransferoffundstoCIO|9|31,702,441||
|Investmentincome|3|932,601||
|Totalincomingresources||32,635,042||
|**Expenditure**||||
|Expenditureonraisingfunds:||||
|Investmentmanagementcosts|4|(121,307)||
|Expenditureoncharitableactivities:||||
|Charitableactivities|4|(574,622)||
|Totalresourcesexpended||(695,929)||
|Gainsinmarketvalueoflistedinvestments||4,345,769||
|**Netmovementinfunds**||36,284,882||
|**Reconciliationoffunds**||||
|Totalfundsatstartoftheperiod||||
|Totalfundsatendoftheperiod||36,284,882||





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||**31Dec2021**|**31Dec2020**|
|---|---|---|
|**Fixedassets**|||
|Investments|36,741,990||
|Cashdeposits|210,151||
||36,952,141||
|**Currentassets**|||
|Debtors|1,200||
|Cashatbank|573,174||
||574,374||
|**Currentliabilities**|||
|Creditors:amountsfallingduewithinoneyear-grantspayable|(925,762)||
|**Netcurrentliabilities**|(351,388)||
|Creditors:amountsfallingdueafteroneyear-grantspayable|(315,871)||
|**Totalnetassets**|**36,284,882**||
|**Thefundsofthecharity**|||
|Unrestrictedfunds|**36,284,882**||
|**Totalcharityfunds**|**36,284,882**||





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||**31Dec2021**|**31Dec2020**|
|---|---|---|
|**Cashflowfromoperatingactivities**|523,815||
|**Cashflowfrominvestingactivities**|||
|Purchasesofinvestments|(3,176,407)||
|Receiptsfromsaleofinvestments|2,503,316||
|Interestreceived|||
|Dividendsreceived|932,601||
|Netcashflowfrominvestingactivities|259,510||
|**Netincreaseincashduringtheyear**|783,325||
|Cashandcashequivalentsbroughtforward|||
|Cashandcashequivalentscarriedforward|783,325||
|**Cashandcashequivalentsconsistsof:**|||
|Cashdeposits|210,151||
|Cashatbank|573,174||
||783,325||



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|Netincome/expenditurefortheyear|36,284,882|
|---|---|
|Dividendsreceived||
||(932,601)|
|Gainsoninvestments|(4,345,769)|
|Non-cashgiftfromformercharity|(30,397,675)|
|Interestreceived||
|Increaseindebtors|(1,200)|
|Decreaseingrantcommitments|(83,822)|
|Netcashflowfromoperatingactivity|523,815|





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||**Year**|**Period**|
|---|---|---|
||**ended**|**ended**|
||**31Dec2021**|**31Dec2020**|
||**£**|**£**|
|Wagesandsalaries|65,606|_|
|Socialsecuritycosts|6,905||
|Employerscontributiontodefined<br>contributionpensionschemes|2,898|-|
||75,409|-|



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|||**Year**|**Period**|
|---|---|---|---|
|||**ended**|**ended**|
||**31**|**Dec2021**|**31Dec**|
||||**2020**|
|||**£**|**£**|
|Dividendsreceived||932,601||
|||932,601||





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|||**Yearended**|**Periodended**|**Periodended**|
|---|---|---|---|---|
||**31Dec2021**||**31Dec2020**||
||**£**|<br>**£**|**£**|**£**|
|Expenditureonraisingfunds:|||||
|Investmentmanagementfees||121,307|||
|Expenditureoncharitableactivities:|||||
|Newgrantcommitmentsawardednetof|reversalof|expiredgrantcommitments:|||
|02/92King'sMSc's|120,000||-||
|06/16City,Barbur|(1,450)||||
|02/17Southampton,WalkerBone|(190)||_||
|04/18ImperialCollege,Feary|(5,488)||_||
|01/19ImperialCollege,Cullinan&Feary|50,759||||
|01/21Imperial,Amaral,Feary|95,329||||
|02/21Surrey,Maben|59,248||-||
|03/21City,Barber|70,997||-||
|04/21Walters,Birmingham|55,674||_||
|StudentFellowships|21,530||_||
|Grantsofequipmentandsupportto<br>students|8,355||_||
|||474,764||_|
|Managementandadministration:|||||
|Wagesandsalaries|75,409||-||
|Officeexpenses|10,361||-||
|Insuranceandsundry|1,238||||
|Travelandsubsistence|1,843||-||
|||88,851|||
|Gainsonexchange||(3)|||
|Governancecosts||11,010|||
|||695,929|||





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|**Fixedassetinvestments**||
|---|---|
||Listed|
||£|
|Marketvalueat31.December2020||
|Transferfromformercharity,ColtFoundation|31,723,130|
|Additions|3,176,407|
|Disposals|(2,503,316)|
|Gainsinmarketvalueoflistedinvestments|4,345,769|
|Marketvalueat31December2021|36,741,990|
|Valueofinvestmentsat31December2021|Listed|
||£|
|Totalfixedinterestinvestments|3,437,373|
|TotalUnitedKingdominvestments|10,431,870|
|TotalNorthAmericaninvestments|10,719,401|
|TotalEuropeaninvestments(exUK)|3,011,916|
|TotalJapaneseinvestments|675,180|
|TotalAsianPacificinvestments(exJapan)|984,693|
|TotalEmergingMarketsinvestments|887,826|
|TotalGlobalinvestments|429,816|
|TotalAlternativeinvestments|6,163,915|
||36,741,990|





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|**Debtors**|||
|---|---|---|
||**Year**|**Period**|
||**ended**|**ended**|
||**31Dec2021**|**31Dec2020**|
||**f**|**f**|
|Prepayments|1,200|-|
|OtherDebtors|||
||1,200|-|
|**Creditors-grantspayable**|||
||**Year**|**Period**|
||**ended**|**ended**|
||**31Dec2021**|**31Dec2020**|
||**f**|**f**|
|Grantspayableasat31/12/2020|_|_|
|Grantcommitmentsfollowingthetransferfrom|||
|TheColtFoundationon01/01/2021|1,325,455||
|Grantsawardedduringtheyear|585,778|_|
|Grantobligationsreleasedduringtheyear|(111,014)|_|
|Grantspaidduringtheyear|(558,586)|_|
|Grantspayableasat31/12/2021|1,241,633||



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||**f**|
|---|---|
|Listedinvestmentscomprisingaportfolioofdiverseequityinvestments|31,723,130|
|Fixedtermbankdepots|1,004,546|
|Liquidcashbalances|300,220|
|Grantcommitments||
|asat31/12/2020|(1,325,455)|
||31,702,441|



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