## 

## 
















## 

|||`Expendable`|`Unrestricted`|||
|---|---|---|---|---|---|
|||`Endowment`|`Income`|||
|||`Funds`|`Funds`|`2021`|`2020`|
|||||`Total`|`Total`|
||`Note`|`£`|`£`|`£`|`£`|
|`Income and endowments`||||||
|`Investment income`|`3`|`-`|`101,705`|`101,705`|`138,269`|
|`Exchangerate gain`||`243`|`-`|`243`|`-`|
|`Transfer between funds`|`1b`|`( 78,535)`|`78,535`|`-`|`-`|
|`Swiss tax reclaimed`||`-`|`2,588`|`2,588`|`2,438`|
|`Total income and endowments`||<br> <br>`(78,292)`|<br> <br>`182,828`|<br> <br>`104,536`|<br> <br>`140,707`|
|`Expenditure on`||||||
|`Costs of raising funds`|`4`|||||
|`Investment managementcosts`||`38,237`|`-`|`38,237`|`40,311`|
|`Charitable activities`|`5`|`-`|`182,828`|`182,828`|`177,830`|
|`Total expenditure`||<br> <br>`38,237`|<br> <br>`182,828`|<br> <br>`221,065`|<br> <br>`218,141`|
|||`( 116,529)`|`-`|`( 116,529)`|`(77,434)`|
|`Net gains/(losses) on investments`||`1,589,651`|`-`|`1,589,651`|`(721,066)`|
|`Net income/(expenditure)`||<br>`1,473,122`|<br>`-`|<br>`1,473,122`|<br>`( 798,500)`|
|`Net movementin funds`||`1,473,122`|`-`|`1,473,122`|`( 798,500)`|
|`Reconciliation of funds`||||||
|`Total funds brought forward`||<br>`6,916,375`|<br>`-`|<br>`6,916,375`|<br>`7,714,875`|
|`Total funds carried forward`||<br>`8,389,497`<br>|<br>`-`<br>|<br>`8,389,497`<br>|<br>`6,916,375`<br>|





## 

## 

||`Note`||`2021`||`2020`|
|---|---|---|---|---|---|
|||`£`|`£`|`£`|`£`|
|`Fixed assets`||||||
|`Listed investments at market value`|||`8,307,813`||`6,761,913`|
|`Current assets`||||||
|`Cashheld aspart of the investmentportfolio`||`85,897`||`154,608`||
|`Incometax recoverable`||`1,968`||`1,968`||
|||`87,865`||`156,576`||
|`Currentliabilities`||||||
|`Amountsfalling due within one year`||`6,181`||`2,114`||
|`Net current assets`|||`81,684`||`154,462`|
|`Net assets`|||`8,389,497`||`6,916,375`|
|`Expendable endowmentfunds`|||`8,389,497`||`6,916,375`|
|`Unrestricted income funds`||||||
|`Total funds`|||`8,389,497`||`6,916,375`|
















## 


## 

|`6. `|`Fixed asset investments`||||
|---|---|---|---|---|
||||`2021`|`2020`|
||||`£`|`£`|
||`Market value at 6 April 2020`||`6,761,913`|`7,541,666`|
||`Additions`||`2,905,307`|`2,709,729`|
||`Disposals`||`(2,949,058)`|`(2,768,416)`|
||`Net realised investment gains/(losses)`||`278,628`|`(34,765)`|
||`Net unrealised investment gains`||`1,311,023`|`(686,301)`|
||`Marketvalue at 5 April 2021`||`8,307,813`|`6,761,913`|
||`Historical cost at 5 April 2021`||`6,823,483`|`6,254,897`|
|`7. `|`Tax recoverable`||||
||||`2021`|`2020`|
||||`£`|`£`|
||`UKtax recoverable`||`1,968`|`1,968`|
|`8. `|`Liabilities: Amounts falling due within one year`||||
||||`2021`|`2020`|
||||`£`|`£`|
||`Accountancyfees`||`1,500`|`-`|
||`Legal fees`||`4,681`|`2,114`|
||||`6,181`|`2,114`|
|`10. `|`Analysis of net assets between funds`||||
|||`Fixed`|`Net Current`||
|||`Assets`|`Assets`|`Total`|
|||`£`|`£`|`£`|
||`2021`||||
||`Expendable Endowment Funds`|`8,307,813`|`81,684`|`8,389,497`|
||`Unrestricted Funds`||||
|||`8,307,813`|`81,684`|`8,389,497`|
||`2020`||||
||`Expendable Endowment Funds`|`6,761,913`|`154,462`|`6,916,375`|
||`Unrestricted Funds`||||
|||`6,761,913`|`154,462`|`6,916,375`|






|||`Expendable `|`Unrestricted`||
|---|---|---|---|---|
|||`Capital`|`Income`|`2020`|
||`Notes`|`Funds`|`Funds`|`Total`|
|||`£`|`£`|`z`|
|`Income and endowments from`|||||
|`Investment income`|`3`|`-`|`138,269`|`138,269`|
|`Transfer between funds`||`(37,123)`|`37,123`|`-`|
|`Swiss tax reclaimed`||`-`|`2,438`|`2,438`|
|`Total income and endowments`||`(37,123)`|`177,830`|`140,707`|
|`Expenditure on`|||||
|`Costsof raising funds`|||||
|`Investment managementcosts`|`4`|`40,311`|`-`|`40,311`|
|`Charitable activities`|`5`|`:`|`177,830`|`177,830`|
|`Total expenditure`||`40,311`|`177,830`|`218,141`|
|||`(77,434)`|`-`|`( 77,434)`|
|`Net gains/(losses) on investments`|`6`|`(721,066)`|`-`|`(721,066)`|
|`Net Income/(expenditure)`||`( 798,500)`|`-`|`(798,500)`|
|`Reconciliation of funds`|||||
|`Total funds brought forward`||`7,714,875`|`:`|`7,714,875`|
|`Totalfundscarriedforward`||`6,916,375`|`:`|`6,916,375`|