2022-04-05-accounts

Solicitor:	Wedlake Bell, 16 Bedford Street, Covent Garden, London WC2E 9HE
Independent Examiner:	Kerry Gallagher, FCA DChA of RSM UK Tax and Accounting Limited,
	Davidson House, Forbury Square, Reading, Berkshire RGl 3EU
Bankers:	Lloyds TSB Bank pic, South Kensington Branch,
	67/69 Old Brampton Road, London SW5 9HZ
Investment Manager:	Investec Wealth & Investment, Unit 4, The Billings,
	3 Walnut Tree Close, Guildford, Surrey GUl 4UL

		Unrestricted Funds	Unrestricted Funds
		2022	2021
	Notes	£	£
INCOME FROM:
Investments	2	62,096	70,931
TOTAL		62,096	70,931
EXPENDITURE ON:
Raising funds
Investment management costs	3	(43,639)	(41,404)
Charitable activities
Grant giving	4	(73,646)	(94,193)
TOTAL		(117,285)	(135,597)
Net gains on investments	7	238,452	783,139
NET INCOME AND NET MOVEMENT IN FUNDS		183,263	718,473
RECONCILIATION OF FUNDS
Fund balances brought forward at 6 April 2021		4,141,878	3,423,405
FUND BALANCES CARRIED FORWARD
AT 5 APRIL 2022	9	4,325,141	4,141,878
			-------- --------

		2022	2021
	Notes	£	£
FIXED ASSETS
Investments	7	4,144,368	3,898,287
CURRENT ASSETS
Cash at bank and in hand		187,313	247,131
LIABILITIES
Creditors: Amounts falling due within one year	8	(6,540)	(3,540)
NET CURRENT ASSETS		180,773	243,591
TOTAL ASSETS LESS CURRENT LIABILITIES & NET ASSETS		4,325,141	4,141,878
		========	========
THE FUNDS OF THE CHARITY
Unrestricted income funds
General Fund	9	4,325,141	4,141,878
TOTAL CHARITY FUNDS		4,325,141	4,141,878

2.	INVESTMENTS	**Unrestricted **	Funds
		2022	2021
		£	£
	Income from investments listed on a recognised
	stock exchange	62,096	70,931
		=======

3.	INVESTMENT MANAGEMENT COSTS	Unrestricted Funds	Unrestricted Funds
		2022	2021
		£	£
	Costs of maintaining investment property	341	4,497
	Investment management charges	43,298	36,907
		43,639	41,404
		------	------
4.	GRANT GIVING	Unrestricted Funds
		2022	2021
		£	£
	Grants made to institutions:
	In support of the aged and the poor	13,800	21,700
	In support of education and children	36,009	50,585
	In support of religion	9,500	6,400
	In support of prisoners and captives	10,000	11,294
		69,309	89,979
	Governance costs (see note 5)	4,337	4,214
		73,646	94,193
			------- -------

	Grants of between £500 and £10,000 were made to 105 institutions (2020/2021: grants of	Grants of between £500 and £10,000 were made to 105 institutions (2020/2021: grants of	Grants of between £500 and £10,000 were made to 105 institutions (2020/2021: grants of
	between £300 and £10,000 were made to 147 institutions) in support of general charitable
	purposes within the objectives of The Sydney Black Charitable Trust.
5.	GOVERNANCE COSTS	Unrestricted Funds
		2022	2021
		£	£
	Independent examiner's fee	3,798	3,540
	Other operating expenses of the charity	539	674
		4,337	4,214

7.	INVESTMENTS	Investments listed	Long leasehold
		on a recognised	investment	Total	Total
		stock exchange	property	2022	2021
		£	£	£	£
	Market value as at
	6 April 2021	3,618,287	280,000	3,898,287	3,137,204
	Additions at cost	1,007,690	20,400	1,028,090	697,458
	Disposal proceeds	(1,020,461)		(1,020,461)	(719,514)
	Realised gains	68,969		68,969	83,573
	Unrealised gains	164,883	4,600	169,483	699,566
	Market value as at
	5 April 2022	3,839,368	305,000	4,144,368	3,898,287
		-------------------------			--------
		-------------------------			--------
	Historical cost as at
	5 April 2022	3,162,526	128,297	3,290,823	3,040,944
		------------------------- -------------------------		-------- --------	-------- --------

7.	INVESTMENTS (Continued)
	At the balance sheet date, the market value of the	2022	2021
	charity's listed investment portfolio comprised:
	UK investments	1,168,453	1,330,759
	Overseas investments	2,670,915	2,287,528
		3,839,368	3,618,287
	Fixed income securities	540,400	578,315
	Equities	2,524,617	2,311,395
	Unit trust funds and other similar securities	774,351	728,577
		3,839,368	3,618,287
		-------- --------	-------- --------

	market value of the listed investment portfolio:
		2022	2021
	Artemis Fund Managers US Select Income units	293,675	264,985
	Blackrock Financial Management European Dynamic Income	80,724	187,439
	Vanguard Funds S&P 500 units	105,554	197,636
		-------	-------
		-------	-------
8.	CREDITORS	2022	2021
		£	£
	Amounts falling due within one year:
	Accruals	6,540	3,540

	Balance at				Balance at
	6 April			Gains on	5 April
	2021	Income	Expenditure	investments	2022
	£	£	£	£	£
Unrestricted income
funds:
General Fund	4,141,878	62,096	(117,285)	238,452	4,325,141
	--------	-------	-------	-------	--------
	--------	-------	-------	-------	--------
	Balance at				Balance at
	6April			Gains on	5 April
	2020	Income	Expenditure	investments	2021
	£	£	£	£	£
Unrestricted income
funds:
General Fund	3,423,405	70,931	(135,597)	783,139	4,141,878
	========