2021-03-31-accounts

			Page
Reference and administrative		information
Trustees' Report			2 —5
Independent examiners'	report
Statement ofFinancial	Activities
Balance Sheet
Notes to the Financial	Statements		9 —13

arket	value	s as follows:
			MARKET	VALUES
			At 31.3.2]	At 31.3.20
			f.'000	K'000
Total	ofall	investments	4,996	4,025

The details	are	shown on	page 9and note 3. The main items are as follows:	page 9and note 3. The main items are as follows:	page 9and note 3. The main items are as follows:
					2020/21	2019/20
					f'000	f'000
Investment	income				170	198
Grants payable					(132)	(182)
Administration		and management		expenses		9
Surplus on	Accumulated		Income	Fund	30	7

2016/2017	151,000
2017/2018	166,200
2018/2019	158,500
2019/2020	181,800
2020/2021	132,250

			Unrestricted	Unrestricted	Funds 2021	Funds 2021	Unrestricted	Unrestricted	Funds 2020	Funds 2020
			Accum-			2021	Accum-			2020
			ulated	Capital		Total	ulated	Capital		Total
			Income				Income
		Notes
Income from
Investment income (gross)
- investments			169,930			169,930	197,430			197,430
- bank and other interest			20			20	109			109
Total income			169,950			169,950	197,539			197,539
Expenditure on
Cost ofraising funds
Investment management	fees			9,670		9,670		11,269		11,269
Expenditure on charitable	activities
Cost ofgrant making		3/4	139,952			139,952	191,019			191,019
Total expenditure			139,952	9,670		149,622	166,144	11,269		202,288
Net income/(expenditure)	and net
movement in funds before gains			29,998	(9,670)		20,328	6,520	(11,269)		23,690
and losses on investments
Other recognised gains	and losses
Net gains/(losses) on investments		5	2,270	1,029,235		1,031,505	1,235	842,881		841,646
Net Movement in Funds			32,268	1,019,565		1,051,833	7,755	(854,150)		(846,395)
Reconciliation ofFunds
Total Funds brought forward			257,529	3,990,195		4,247,724	249, 774	4,844,345		5,094,119
Total Funds carried forward			289,797	5,009,760		5,299,557	257,529	3,990,195		4,247,724
All activities are continuing.

					2021		2020
			Note
Fixed Assets
Investments					4,995,584		4,025,143
Current Assets
Bank balance	and other deposits			311,322		229,855
Creditors amounts		falling due
within one year
Other creditors —accruals				7,349		7,274
Net Current	Assets				303,973		222,581
Net assets					5,299,557		4,247,724
Unrestricted	funds
Designated Capital Fund					5,009,760		3,990,195
Accumulated	Income	Fund			289,797		257,529
					5,299,557		4,247,724

2 Investment	2 Investment		management	management	costs
							2021		2020
Investment management				fees			9,670		11,269
3 Grants Payable
							2021		2020
Schools and Training Institutions
Oxford Centre for		Mission Studies				0		20,000
Trinity College,	Bristol					15,000		20,000
Langham Research			Scholarships			12,000		15,000
WTC						5,000		5,000
Bristol Neurological			Institute			0		4,800
							32,000		64,800
Organisations	for		Care	and Training ofYoung		People
Easton Families	Project					0		15,000
YMCA Bristol						4,000		4,000
Schoolreaders						5,000		0
Incredible Kids						5,000		5,000
Bristol Schools	Connection					5,000		0
							19,000		24,000
Support ofthe	Marginalised
inHope/Crisis Centre Ministries						15,000		14,000
Changing Tunes						6,000		6,000
Wheels Project						7,500		7,500
Bristol Hospitality		Network				15,000		15,000
Feeding Bristol						0		7,500
Regenerate						0		5,000
Feelgood Community						6,000		0
Network						2,000		0
Sixty-One						4,000		4,000
Beloved						4,750		9,500
Hope's Place						6,000		6,000
Prodigal Arts						0		5,000
Life Cycle						0		7,500
Support through	Courts/Personal				Support Unit	3,500		3,500
Bristol aAer Stroke						5,000		0
CHAS						2,500		2,500
Filwood Hope						4,000		0
							81,250		93,000
Total Grants							132,250		181,800
Governance and support				costs	—note 4 below		7,702		9,219
Total Cost ofGrant Making							139,952		191,019
						11

				2021		2020
Mazars ILP - Independent	Examination		1,500		1,615
-VAT thereon			300		323
				1,800		1,938
Secretary
—Honorarium			5,400		5,400
-VAT thereon			0		0
				5,400		5,400
Web-site				427		1,807
Other costs
Stationery, postage, telephone,		fax, etc.		75		74
Bank Charges				0		0
				7,702		9,219

					2021	2020
Market value at	beginning ofyear				4,025,143	4,904,002
Unrealised gain/(loss)		on investments		held at end ofyear	966,498	(873,939)
Realised (loss)/gain on Proceeds not reinvested		investments	sold during the year		65,007 ~61,064	32,292 ~37,212
The investments	at market value (38			holdings; 2020: 38holdings)	4,995,584	4,025,143
Gains/(Losses)	have been apportioned			in SOFA as follows:
Income Fund					2,270	1,235
Capital Fund					1,029,235	~852,882
					1,031,505	841,647

6 Bank balance and other deposits	6 Bank balance and other deposits	6 Bank balance and other deposits	6 Bank balance and other deposits	6 Bank balance and other deposits	6 Bank balance and other deposits
							2021		2020
National Westminster		Bank Plc					180,037		145,840
Smith &Williamson		Investment		Managers			131,255		83,985
The Central	Board ofFinance of			the Church	of
England —deposit fund							30		30
							311,322		229,855
Held as to:
Designated	Capital Fund						96,780		45,386
Accumulated	Income Fund						207,193		177,195
Current Liabilities
Professional	fees (including		VAT)			1,800		1,800
Grants						0		0
Management	and administration			expenses		5,549		5,474
							7,349		7,274
							311,322		229,855
7 Analysis of Net assets between					Funds
						A.ccumulated		Designated
						Income	Fund	Capital	Total
								Fund
Investments							82,604	4,912,980	4,995,584
Other net assets						207,193		96,780	303,973
At 31March 2021						289,797		5,009,760	5,299,557