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