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2022-02-07-accounts

Page
Trustees'
Report		 1-4
Independent
Auditors'		 Report 5-7
Statement
of Financial		 Activities
Balance Sheet
Notes to the Financial Statements 10-16

Permanent
Unrestricted Funds Endowment Total Total
General Designated Fund 2022 2021
Notes
INCOME FROM
Income from Investments 178,368 178,368 155,937
Total Income 178,368 178,368 155,937
EXPENDITURE ON
Raising Funds 65,627 65,627 61,057
Charitable
Activities		 85,361 57,754 143,115 137,378
Total Expenditure 150,988 57,754 208,742 198,435
Net Income/(Expenditure) before
gains and losses on Investments 27,380 (57,754) (30,374) (42,498)
Net gains/(losses)
on Investments		 240,386 240,386 (94,412)
Net Income/(Expenditure) 27,380 (57,754) 240,386 210,012 (136,910)
Gross transfers
between		 Funds:
Historical Awards
Fund		 (12,650) 12,650
NET MOVEMENT
IN FUNDS		 14,730 (45,104) 240,386 210,012 (136,910)
Fund balances
brought
forward at 8 February 2021 33,177 69,104 8,536,528 8,638,809 8,775,719
Fund balances carried
forward at 7 February 2022 47,907 24,000 8,776,914 8,848,821 8,638,809

Note 2022 2021
FIXEDASSETS
Investments 8,776,914 8,536,528
CURRENT ASSETS
Cash at bank and on deposit 88,945 113,430
Debtors 3,090
88,945 116,520
Creditors: Amounts
falling
due within one year
Creditors 9,060 5,700
Historical Awards 7,978 8,539
17,038 14,239
NET CURRENT ASSETS 71,907 102,281
TOTAL ASSETS LESSCURRENT
LIABILITIES 8,848,821 8,638,809
TOTAL NETASSETS 8,848,821 8,638,809
THE FUNDS OF THE CHARITY
Unrestricted
Funds:
General
Fund		 7 47,907 33,177
Designated
Fund - Historical Awards		 7 24,000 69,104
71,907 102,281
Permanent
Endowment		 Fund 8,776,914 8,536,528
TOTAL CHARITY FUNDS 8,848,821 8,638,809
1 Principal Accounting
Policies
(a) Basis ofaccounting
The financial statements
have been prepared
in accordance
with Accounting
and		 Reporting by
Charities: Statement
of Recommended
Practice for charities (Second Edition. effective,
1
January 2019)and Financial
Reporting
Standard
102.
The Foundation
meets the definition
ofa public benefit entity under		 FRS 102.The Foundation is
a Trust constituted
by a Deed ofTrust under English
law. The Charity's
principal		 address
and
administrative
address
is 10Queen Street Place, London, EC4R 1AG. Assets and		 liabilities are
initially recognised
at historical cost ortransaction
value unless otherwise
stated		 in the relevant
accounting
policy notes.
(b) Going Concern
The trustees are able to manage the Trust's affairs to accommodate any reduction in its income.
Agreed procedures
are in place to ensure donations
are only awarded
at a sustainable
level		 and
that an acceptable
level of Unrestricted
General
Fund is maintained.		 Given the level ofthe
Trust's General
Fund, the flow of investment
income and the discretionary
nature		 ofthe Trust's
distributions
the trustees consider the Trust, which is a public benefit entity, to be		 a going
concern for the forthcoming
year and the foreseeable
future.
(c) Investments
and Financial Instruments
The Trust holds only basic financial
instruments,
which are held as		 listed investments.
Investments
are stated at middle-market
values
ruling at the balance sheet date.
A continuous
revaluation
approach
is adopted
for investment
assets. All realised		 and unrealised
gains and losses on the revaluation
and disposal of investment
assets are included		 in the
Statement
of Financial Activities and
in the notes to the accounts.
(d) Income
Income arising
from investments
is accounted
for when
it is receivable.
(e) Donations
Regular and Special donations
and Historical Awards are charged to the Statement		 of Financial
Activities when awarded
and a commitment
is entered
into.
Expenditure
Expenditure
is recognised
on an accruals basis. Governance
costs		 comprise those for the
running
ofthe charity.
(g) Investment
management
fee
The investment
manager's
investment
management
fee is charged		 to income
in		 accordance
with the requirement
ofthe Trust Dead (note 2).
(h) Permanent
Endowment
Fund
The Endowment
Fund represents
those assets which must be held		 permanently by the Trust.
Income arising on the endowment
fund can be used
in accordance		 with the Trust's objectives
and is included as unrestricted
income. Any capital gains or losses		 arising on the investments
form part ofthe fund.
Designated
Fund
An amount off12,650 has been allocated
from the Trust's net income for the year		 ended 7
February 2022 (2021:f49,159)for potential
Historical Awards to be		 made during the following
accounting
year depending
on suitable applications
being received.		 This amount has been
transferred
from the General
Fund to the Designated
Fund
in the financial statements
for the
year ended 7 February 2022.
Historical Awards are awarded
by the Institute of Historical Research,
University		 of London.

4 (a) Analysis ofFund Analysis ofFund Balances Between the Net Balances Between the Net Balances Between the Net Balances Between the Net Balances Between the Net
Assets for the year ended 7 February 2022 Unrestricted Permanent
Funds Endowment Total
Fund Fundsf
investments 8,776,914 8,776,914
Net current assets 71,907 71,907
71,907 8,776,914 8,848,821
4 (b) Analysis of Fund Balances Between the Net
Assets for the year ended 7 February 2021 Unrestricted Permanent
Funds Endowment Total
Fund Funds
'Z
8,536,528 8,536,528
Investments 102,281 102,281
Net current assets
102,281 8,536,528 8,638,809
5 Creditors: Due within one year
Unrestricted Unrestricted
Funds Funds
F
2022 2021
Administration (Unrestricted) 2,700 2,700
Audit (Unrestricted) 6,360 3,000
9,060 5,700
6 Raising Funds Unrestricted Unrestricted
Funds Funds
2022 2021
'Z
Investment Management fees 65,627 61,057
65,627 61,057
7 (a) Fund Analysis Movements
in		 Movements
in
income expenditure
including and transfers
transfers
Balance at & investment Balance at
8 Feb 2021 gains 7 Feb 2022
Permanent Endowment Fund 8,536,528 240,386 8,776,914
General Fund 33,177 178,368 (163,638) 47,907
Designated Fund 69,104 12,650 (57,754) 24,000
8,638,809 431,404 (221,392) 8,848,821
7 (b). Fund Analysis Movements
in
income Movements
in
including expenditure
transfers and
Balance atin & investment transfers
out		 Balance at
8 Feb 2020
f		 gains
f.		 f 7 Feb 2021f
Permanent Endowment Fund 8,629,191 (92,663) 8,536,528
General Fund 80,948 155,937 (203,708) 33,177
Designated Fund 65,580 49,159 (45,635) 69,104
8,775,719 205,096 (342,006) 8,638,809
8
Decennial		 8
Decennial		 Financial Record Year ended
7 February
1963
f		 1973
f		 1983
f		 1993
f		 2003
f		 2013 2022f
Permanent 55,186 477,385 1,156,290 3,380,405 3,909,393 5,995,385 8,776,914
Endowment
Fund
Total Income 1,931 12,237 70,853 193,490 217,812 223,146 178,368
Indirect (53) (474) (6,118) (42,056) (26,086) (20,018) (101,738)
Expenditure
Net Income 1,878 11,763 64,735 151,434 191,726 203,128 76,630
Donations:
Historical 5,000 32,000 60,000 65,562 66,788 57,754
Awards
Regular 730 4,625 16,000 60,000 98,500 121,500 49,250
donations
Special 695 1,140 15,000 29,700 29,000
donations
1,425 10,765 63,000 149,700 193,062 188,288 107,004
Cumulative total
of donations 1,425 69,904 410,214 1,535,714 3,325,093 5,362,472 6,880,825
9 Analysis ofCharitable
Expenditure		 Analysis ofCharitable
Expenditure		 Analysis ofCharitable
Expenditure		 Analysis ofCharitable
Expenditure		 Regular Special Historical Total Total
Donations Donations Awards 2022 2021
Children
8 Youth
Shooting Star Chase 4,000
Southside
Young Leaders'		 Academy 2,000
Straight Talking Peer Education 4,000 4,000 4,000
4,000 4,000 10,000
Environment
&Humanities
British Records Association 1,250 1,250 1,250
Campaign
to Protect		 Rural England 2,000
Friends ofthe National
Libraries		 2,000
Historical Association 1,250 1,250 1,250
University
of London,		 Institute
of Historical Research 5,000 57,754 62,754 50,635
London Record Society 1,250
London Topographical Society 1,250 1,250 1,250
Textile Conservation at Glasgow University 1,250 1,250 1,250
Tree Council 1,250 1,250 1,250
11,250 57,754 69,004 62,135
Overseas Aid
Vision Aid Overseas 4,000 4,000 4,000
4,000 4,000 4,000
Handicapped
&Disabled
Action for Kids 2,000 2,000 2,000
Canine Partners 2,000 2,000 2,000
Greater London
Fund for the Blind		 4,000
Royal Association
in Aid of Deaf		 People 2,000
Vitalise (formerly
Winged		 Fellowship Trust) 4,000 4,000 4,000
8,000 8,000 14,000
Medicine,
Health
&		 Hospices
Association
for Spina		 Bifida and 2,000 2,000 2,000
Hydrocephalus
Mental
Health
Foundation		 2,000 2,000 2,000
RAFT 4,000 4,000 4,000
St. Francis Leprosy Guild 2,000 2,000 2,000
Together for Shorter Lives 4,000 4,000 4,000
14,000 14,000 14,000
9 Analysis of Analysis of Total Expenditure Total Expenditure Regular Special tfistorical Total Total
(continued)
Donationsf Donations Awards 2022
f.		 2021
Welfare
Centre point 2,000
Connection at St Martin-in-the-Fields 2,000
Fine Cell Work 2,000 2,000 2,000
Independent Age (R.U.K.B.A.) 2,000
National
Benevolent		 Fund for the Aged 2,000 2,000 2,000
Professional Classes Aid Council 2,000 2,000 2,000
Turtle Key Arts 2,000 2,000 2,000
Royal Sailor's Rests 2,000
8,000 8,000 16,000
Unclaimed Donations (6,250)
Donations 49,250 57,754 107,004 113,885
Governance costs - Audit 5,775 5,775 3,093
Accountancy fees 20,400 20,400 20,400
Legal Fees 9,936 9,936
85,361 57,754 143,115 137,378

11
Prior Year Statement		 of Financial Permanent
Activities
Unrestricted Funds Endowment Total
General Designated Fund 2021
INCOME FROM
Income from Investments 155,937 155,937
Total Income 155,937 155,937
EXPENDITURE ON
Raising Funds 61,057 61,057
Charitable
Activities		 91,743 45,635 137,378
Total Expenditure 152,800 45,635 198,435
Net Income/(Expenditure) before
gains and losses on Investments 3,137 (45,635) (42,498)
Net losses on Investments (1,749) (92,663) (94,412)
Net Income/(Expenditure) 1,388 (45,635) (92,663) (136,910)
Gross transfers
between		 Funds:
Historical Awards
Fund		 (49,159) 49,159
NET MOVEMENT
IN FUNDS		 (47,771) 3,524 (92,663) (136,910)
Fund balances
brought
forward at 8 February 2020 80,948 65,580 8,629,191 8,775,719
Fund balances
carried
forward at 7 February 2021 33,177 69,104 8,536,528 8,638,809