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|Contents||Page|
|---|---|---|
|Reference|and Administrative<br>Details||
|Trustees'|Annual<br>Report||
|Independent<br>Examiner's<br>Report|||
|Statement|of Financial Activities||
|Balance Sheet|||
|Notes to|the Financial Statements||





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|Registered|Charity Name|The Royal Free London|The Royal Free London|Nurses|Nurses|and|Midwives Trust|Midwives Trust|
|---|---|---|---|---|---|---|---|---|
|Charity Number||234902|||||||
|Principal OIBce||Clothworkers'|Hall||||||
|||Dunster Court|||||||
|||Mincing Lane|||||||
|||LONDON|||||||
|||EC3R 7AH|||||||
|Trustees||A Chamberlain|||||||
|||H Gyory|||||||
|||C D Hill|||||||
|||T R H Lodge (Chairman)||(resigned|||I|July 2021)|
|||LJ Mattin|||||||
|||M M Maxfield|||||||
|||Prof S H Powis|(Chairman)||(appointed|||I July 202I)|
|||Dr C P R Skinner|||||||
|Secretary to the Trustees||PJ Graham|||||||
|Independent|Examiner|Andrew<br>Broome|||||||
|||Haysmacintyre|LLP||||||
|||10Queen Street Place|||||||
|||LONDON|||||||
|||EC4R IAG|||||||
|Bankers||Barclays Bank Pic|||||||
|||Harrow 9|||||||
|||LEICESTER|||||||
|||LE87 2BB|||||||
|Investment|Managers|Bordier BCie (UK) Pic|||||||
|||23 King Street|||||||
|||LONDON|||||||
|||SW IY6QY|||||||





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||For t|he|year end|ed 3 I J|uly 202 I|||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
||||||Note|6|6|
|INCOME||||||||
|Cash donations||||||50||
|Donations<br>in kind|||||8|7,651|7,460|
|Income from investments|||||2|21,801|24,198|
|TOTAL INCOME||||||29,502|31,658|
|EXPENDITURE||||||||
|Raising funds —investment|management|costs||||(2,161)|(6,112)|
|Expenditure<br>on charitable|activities||||3|(23,022)|(25,732)|
|Cost ofservices donated|by the Worshipful||Company|of||(7,651)|(7,460)|
|Cordwainers||||||||
|TOTAL EXPENDITURE||||||(32,834)|~39,3tt4|
|NET EXPENDITURE|BEFORE (LOSSES)/GAINS ON|||||(3,332)|(7,646)|
|INVESTMENTS||||||||
|Realised gains/(losses)<br>on|investments|||||10,736|(8,847)|
|Change<br>in market<br>value ofinvestments|||||6|107,854|(46,113)|
|NET MOVEMENT<br>IN|FUNDS FOR THE YEAR|||||115,258|(62,606)|
|Total funds brought<br>forward||||||1,013,784|1,076,390|
|TOTAL FUNDS CARRIED FORWARD||||||I,129,042|1,013,784|





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||||2021|2020|
|---|---|---|---|---|
|||Note|8||
|FIXEDASSETS|||||
|Investments||6|I 126044|1,008,301|
|CURRENT ASSETS|||||
|Cash at bank|||27,907|32,985|
|CREDITORS: amounts|falling due within one year|7|(24,909)|(27,502)|
|NET CURRENT ASSETS|||2,998|5,483|
|TOTAL ASSETS LESSCURRENT LIABILITIES|||1,129,042|1,013,784|
|TOTAL NET ASSETS|||1,129,042|1,013,784|
|FUNDS|||||
|Unrestricted<br>income funds|||1,129,042|1,013,784|
|TOTAL FUNDS|||1,129,042|1,013,784|





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||||||2021|2020|
|---|---|---|---|---|---|---|
||||||6|6|
||Bank and other interest||receivable|||5|
||Dividends<br>from fixed asset investments||||21,801|24,193|
||||||21,801|24,198|
|3|EXPENDITURE ON||CHARITABLE ACTIYITES||||
||||||2021|2020|
|||||Note|6||
||Gra.nts||||21,767|24,595|
||Support costs|||4|1,255|1,137|
||||||23,022|25,732|
|4|SUPPORT|COSTS|||||
||||||2021|2020|
||Independent|Examiner's|fee||1,080|950|
||Accountancy|fees|||175|187|
||||||1,255|1,137|



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||||2021|2020|
|---|---|---|---|---|
|||||6|
|Cost|or valuation||||
|As at|I August||943,195|1,004,468|
|Purchases|||255,430|377,589|
|Disposals|||(201,243)|(392,749)|
|Change<br>in market||value|107,854|(46,113)|
|As at|31 July||1,105,236|943,195|
|Cash|held for investment||20,808|65,106|
|Total|investment|value as at 31 July|1,126,044|1,008,301|





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||2021|2020|
|---|---|---|
||6||
|Accruals|3,142|2,907|
|Grant accrual|21,767|24,595|
||24,909|27,502|



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