2021-03-31-accounts

L	N Griffin —Chairman	Prof C Clark	P. Aamsden
J	Freeman-Attwood	Dr 8Coles	Prof. C I-I E Imray
K	Cool	N Colton	TRichardson

Year to31M	arch 2Q21
		2021	2020
		f,000	f,000
Incoming resources
Se/4lests (note 6)			106.0
Investment income		61.7	64.9
Gross interest			0.2
Event donations			2.9
Other income			0.4
Total Incoming resources		62.7	174.4
Resources expended
Charitable activities: grants	awarded
-Expeditions		-75.7	-12.1
-less cancellations/refunds		1.0	0.7
NIst Iran@ (AOte 5)		-74.7	-11.4
-Alpine Journal (note 5)		-3.5
		-78.2	-14.9
Governance costs
Investment management		-6.8	-5.7
Office expenses		-0.4	-0.4
Travel			-1.3
Other
		-11.6
Total resources expended		-89.8	-24.5
Net (outgoing) incoming	resources	-27.1	149.9

Investment gains (lossesj
Realised	68.9	a6,S
Unrealised	385.2	-308.3
	454.1	-291.5
Net movement offunds
Funds brought forward	1877.0	2018.6
I-unds carried forward		1877.0

				2021	2020
				K,OQQ	K,OOO
Fixed Assets —Investments			(note 3)
	Fixed Interest			298.8	309.0
	VK EquItles			578.1	643.2
	Overseas	Equities		1041.0	523.1
	Other investments			338.0	335.5
				2255.9	1810.8
Current Assets
	Cash at Bank			116.3	62.2
Debtors—
		Bequest (note 6)
		Other		13.3	12.3
	Creditors	- falling due	within one
year
	Grants			-75.7	-0.0
	Others			-5.8	W.3
				-81.5	-8.3
Net Current Assets				48.1
Total	Assets less Uabilities
Total	Funds at	31March 2021
Provisions

		2021	2020
Fixed interest		f297,116	f297,116
UK Equities		f334,885	f368,174
Overseas	equities	f588,544	f508,918
Alternative	investments	f320,906	f320,906
		f1,541,451	fl,,495,114
Cash		f20,726	f4,895
Total		f1,562,177	f1,500,009
4) Auditors'	remuneration
		2021	2020
Audit		f700	f700
Other services		f300	f300
5)Grants payable
To individuals		f75,725	f11,400
Alpine Oub		f3,500	f3,500
Total		f79,225	f14,900