2022-04-05-accounts - Fitton Trust

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								Endowment
								Fund	DVB	2022	2021
							Revenue	Capital	Legacy
						Note	Account	Account	Fund		Total
								F	f.		F
Incomin Resources
Incoming resources from	generated			funds:
Legacy from estate of	deceased			person					669,964	669,964
Investment Income						3	70,689	925	3,581	75,195	76,704
Total Incomin Resources							70,689	925	673,545	745,159	76,704
Re ources Ex ended
Charitable activities:
Grants to Charities						4	63,125			63,125	55,450
Legal and administrative		costs				5	16,283	16,222	2,699	35,204	24,928
Total Resources Ex ended							79,408	16,222	2,699	98,329	80,378
Netex enditureforthe earbeforeoth reco nised ains and losses					r		~(8,719	~18,297	679,846	646,830	~3,874
Gains/ Losses on Investment		Assets
Realised during the year								16,111		16,776	{95,639)
Unrealised during the year								18,433	12,330	30,763	334,704
Net Movement in Funds							{8,719)	19,247	683,841	694,369	235,391
Funds Brou ht Forward at	6th	A	ril 2021				48,084	1,558,743		1,606,827	1,371,436
Funds Carried Forward at	5th	A	ril 2022				39,365	1,577,990	683,841	2,301,196	1,606,827

Balance S	heet as at 5 April 2022
				Endowment
				Fund	DVB	2022	2021
			Revenue	Capital	Legacy
		Note	Account	Account	Fund	Total
					E
Fixed Assets
Investments				1,577,710	634,124	2,211,834	1,552,406
Current Assets
Debtors			743			743	2,329
Cash at bank and stockbrokers			50,778	280	49,717	100,775	72,248
			51,521	280	49,717	101,518	1,626,983
~Cr ditors
Amounts	falling due within one year	2	~12,156			~12,t 56	~(20, t56
Net Current As ets			39,365	280	49,717	89,382	54,421
Total Net Assets			39,365	1,577,990	683,841	2,30'1,196	1,606,827
Funds			39,365	1,577,990	683,841	2,301,196	1,606,827

between E200 and E3 below.	50. Two c	harities received a grant of	E1,000 or more (2021:	one), as sh
			2022	2021
Friends ofSt. Mary's Hospital			1,000	1,000
St. Mary Abbot Church	Kensington	(Friends of)	1,000
			2,000	1,000

tes	to the Financial Statem	ents	ents	fo	r the	y	ear to 5 April 2022	(continued)
5.	Le al and Administrative	Costs
								2022f	2021f
	Secretarial costs and		expenses					6,287	5,600
	Trustees' expenses
	Legal &compliance fees							8,340	7,380
	Bank fees
	Accountants' remuner;		Examiner's fee						1,656
								16,283
	Endowment Fund:
	Investment manager's		fees (capital)					16,222	10,214
	LEI registration/renewal		fee						78
								16,222	10,292
	R venue account:
	Investment manager's		fees					2,596
	LEI registration/renewal		fee					78
	Legal &compliance fees
	Bank fees
								2,699
6.	Fixed Asset Investments
								2022f	2021f
	Endowment Fund:
	Historical cost at 6th	April 2021						1,499,861	1,611,583
	Additions at cost							383,798	421,721
	Disposals at cost							~378,927	~633,443)
	Historical cost at 5th	April 2022						1,506,732	1,499,861
	Cumulative unrealised		gains/(losses)				at 5th April 2022	70,979	52,546
	Market Value as er	Balance			Sheet			1,577,710	1,552,406
	Structure ofthe ortfolio b			market value
	Fixed Interest and preference				stock			21 46%	19.47%
	Equities							54.19%	58.17%
	Alternatives							23.93%	22.35%
	DVB Le ac Fund:
	Historical cost at 6th		April 2021
	Additions at cost Disposals at cost							628,364 ~(6,670
	Historical cost at 5th		April 2022					621,794
	Cumulative unrealised		gains/(losses)				at 5th April 2022	12,330
	Marke Value a er		Balanc		Sheet			634,124
	Structure ofthe ortfolio b			mark		v	I
	Fixed Interest and preference				stock			18.38%	0,00%
	Equities							63.53%	a.a0%
	Alternatives							18.10%	000%
							Notes			Page 7