2022-03-31-accounts - London Scottish Regiment Benevolent Fund

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					Unrestricted	Unrestricted	Funds	Unrestricted	Funds
						2022		2021
				Note	E		E	E	E
Income and		endowments	from:
Donations	and legacies				24,572			584
Investments				(3)	44,	164		39,765
Other				(4)				155
Total							68,736		40,504
Expenditure		on:
Charitable	activities			(5)	53,509			15,018
Raising funds				(6)	8,392			6,938
Total							61,901		21,956
							6,835		18,548
Net gains on		investments		(2)			43,525		226,857
Net income							50,360		245,405
Balance at	1	April 2021					1,202,389		956,984
Balance at	31March 2022						1,252,749	1,202,389

Ctuoted Invest nts
						Holdfng			Purchases						Hotel fge
						atl April2021			(Sales)		(proceeds)		Gainl		at31March2022		Maaet
						N	I I	Cost		N	I	Cost	(I * )		Nominal	Co t	V	I	Income
Ff 8 I t fest												E	E
AXA Funds Mgmt SA Gbl	Stral			Bds			290		29,748	D90)		(32,C62)	2,314
HGQII cNAV
FILlnvS cs
UK Money Blr Ir							30,000		30,050	(10,000)		(9,992)		(25)	20,000	20,033	18,852
Ne capital UcITs PIOKBA cons					Iting		29D		31,321						290	31,321	28,762		1,178
twalthyNation e dF	&aasscunfts
CQS Ne Cdy H gh Vwld	F		d				30,0tm		19876						30,030	19.876		16,260	1,341
Qa mNPV hares
Ahem*en Std Uf I GBHd				Lkd			41,030		21,594						4(,030	21,594	25,410
BdS Instl Inc
Tw lyF I me Tr st							36,240		40,222						36,240	4D.222			2.323
Qa atpsh as								172,811				(42,054)	2,269			133,046	128,061		6,523
Eq t a
27500 Abenleen Std Ael Irtc Equ ty	Emope e				UK		27,500		27,036						27,500	27,038		29,178	873
Agisn T stplc Qfd ny 2.5p hafes							1,195		4,821						1,195	4,821		11,783
8 gA* tMgmlH ASH PROSI		I yelCAV							19,183						100	19,183			1,153
8 mars g Asset Mg tJ V I BIC p		0					88		8,75D						68	8,750		19,558
enp e anon pk USCO 5 Common Stock							1,250		18,200						1,250	I8200		36,900	3,209
BNT Megon Fund Managers Newt A a I eomeF nd							13,500		28,154						13,5DD	28,154		33,150	t,osa
BPpk Qrdmmy USDD 25							2,000		10,882						2,COD	10882		7,507	319
Cia Bah sG P Qd O25p hof*s							1,430		19,192						1,430	19.192		17,031
Ci I rt
UK D Qrd 25p							7,0(0		13,531						T,CDD	13,531		13,300
CQS Natual Cfdtff O25P h s										6,7CD		9,963			6,7DD	9.963		13,735	375
Ckv I T st Pk QammyO tp snar							42,269		28,815						42 269	28815		45016	1,606
Ed b gh I I ent Tn Guinea 25p shares		st	pic				7,400		42.i35						7,4DD	42,135		46,916	2,120
European Assets Trust Qrdmaty0 lp ha s										23,000		34,716			23dao	34,716		26,795
HGC pt IT I Qa O25pa							a,eco		7,127	(2.950)		(9.963l	6,399		2,95D	3,563		12,847	iae
Glaxoenuthkl Pl Qfdn 725p hares							l,000		5,190						1.00D	5,190		16,472	500
Gore Staet Ene gy Storage Qnl lp shmas							21,750		22,917	13.1tm		14,868			34,650	37,785		39,381	2,047
Ish sPI 0 aFTSE100 UCITS ETF							4,900		34,975						4,900	34,975		36,245	1.052
JPM manAssetMa g enlUKItd USEq nylnvcom NpVshares							68,490		39,695						68,490	39,695		105,543	1,808
Jp Motgen Global Emergmg Income Fund lp Qrdtnatyeh			Mamets as				22,650		29,242						22,650	29,242		30238	1,155
0 F~a									532,656			7,530		8,688		548,874		695,976	27JN2

0 M& I meletettls									H tdl g atlApu Nominal	- -	Pe lel I Nominal	(P sad) 0 st	6 I Al *	Ho(Cing m Sl M*r h N inal	2M2 Cost	M mm 0 I	Income
gq n Bn Nial F d										0 532.050	24,572	7,530	0 0008		5 548 874	5 005,07S	5 27,042
L D*t I Cup Onl 7spnheres									7,000	34,002				7,100	34,002	5e,42D	2,0D4
Leal end General
Ofd had 2 5p shefes											10,750	29,350		ID,750	29359
Legg Mason R Gmb 0GBP I	I	Infra		IndFranlren			T	piston	14,080	15,175				14,000	15,175	2'I,S31	027
LNN Nhson Rare Ghb XGBP Ino	H		f s	I	dFranhlin		Te	pl I	11,(t28	t1,971				11,920	11,971	Ia,am	657
M rraylnt min IT Om mu 259she	nplc								4,000	2S,152				4,0DO	25,152	50,t60	2,100
M e M I mm* T ommad25p h									3Mo	28.920				3,680	20,920	32.605	\,270
Nmm Rm I Ltd																'
om Npv									5.727	20435				8,727	20,435	7,470	820
MUZINICH &Co
Global T 0 Icmd HGD			0							2D,529					20.528	le,sss	573
M elyc sFdNMg Di I J2										30,787					30707	36.7IN	1,39D
Invest dNnelyoneFdMgrsGlobalo Im K2						alED			35,500	41,009				3S,5DD	41,009	57,747	I,D13
Pl rc pllNF MIGMconv IGGPO				elhi					5,50D	44,570				5500	44 570	4.650	I,lt63
p d Malpln(seeMaGPN) Ofdmfy5p h J uu .Dnstd 0									2,020	ID,erl	G,020)	(30.100) (975)	19420 (975)
Re eailt 0 en cko sr pin Onli eO IDF nit									217	7.070				217	7,870	12.055	379
Sle d* I Lf Glbl R	I E		lalrAb		m
									28,MD	Ii,783				20,00D	11,703	12,4N!
ata damLvepdv I Od eOD2psite	FA		lyF		drAberdeen				5,270	15.007				5,270	15.007	27,4D5	717
SSGA SPDR
ETT6E rol										25.724					25,724	35,057	733
TGsl yEvwlod Immme 0										24484					24204	27,307	090
Uml pl 0 I G311pd									BM	320				aoo	320	30,750	I,stm
MaG-I st31321d	posaln				me
										018,228		5,cia	27,142		551,134	1,215,300	43,010

4.	Analysis ofother income					2022	2021
						E
	Tax recoverable						148
	Bank interest						7
							1,215,379
5.	Analysis ofcharitable activities					2022	2021
						E	E
	Gifts, grants and allowances					40,617	14,244
	Donations to other charities					12,000
	Support costs:
	Office expenses					158	40
	Independent examiner's	fee				734	734
						892	774
						53,509	15,018
6.	Expenditure on raising funds
	Expenditure on raising funds represents		investment	management	fees and	LEI (Legal Entity
	Identifier) charge.
7.	Analysis of unrestricted	fund movements				2022	2021
						E	E
	Balance at 1April 2020					309,681	33,566
	income					68,736	40,504
	Expenditure					(61,901)	(21,956)
	Gains/(losses)					43,525	257,567
	Balance at 31March 2021					E360,041	6309,681