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|||2022|2021|
|---|---|---|---|
|||Unrestricted|Unrestricted|
|||Notes||
|INCOME||||
|Investment
income||127,891|125,008|
|TOTAL INCOME||127,891|125,008|
|EXPENDITURE||||
|Costs ofraising funds||2,143|3,211|
|Expenditure
on charitable
activities||135,735|32,340|
|TOTAL EXPENDITURE||137,878|35,551|
|NET (EXPENSE)/INCOME|AND NKT MOVEMENT BEFORE|||
|GAINS AND LOSSESON INVESTMENTS||(9,987)|89,457|
|Net gains/
(losses) un invesiurents||249,319|(122,496)|
|NET MOVEMENTS IN FUND||239,332|(33,039)|
|UNRESTRICTED FUND BALANCE BROUGHT||FORWARD||
|AT 1STFEBRUARY, 2021||5,486,272|5,519,311|
|UNRESTRICTED FUND BALANCE CARRIED||FORWARD||
|AT31STJANUARY, 2022||f5,725,604|f5,486,272|
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||||2022||2021|
|---|---|---|---|---|---|
||||Unrestricted||Unrestricted|
|||Notes|g|g||
|FIXEDASSETS||||||
|Investments|||4,346,559||4,805,647|
|CURRENT ASSETS||||||
|Debtors||8|46,584||48,332|
|Cash at bank|||1,392,301||667,473|
||||1,438,885||715,805|
|CURRENT LIABILITIES||||||
|CREDITORS: Amounts|falling due|||||
|within one year||9|(44,340)||(35,180)|
|NKT CURRENT||||||
|ASSETS|||1,394,545||680,625|
|TOTAL ASSETS LESS|CURRENT|||||
|LIABILITIES||||||
||||5,741,104||5,486,272|
|CREDITORS: Amounts|falling due|||||
|After more than one year||10||(15,500)||
|NET ASSETS|||I5,725,604||f5,486,272|
|Represented
by:||||||
|UNRESTRICTED FUNDS|||I'.5,725,604||I5,486,272|
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|NOTES TO THE FINANCIAL STATEMENTS - CONTINUED|NOTES TO THE FINANCIAL STATEMENTS - CONTINUED||
|---|---|---|
|FORTHE YEARENDED 31STJANUARY, 2022|||
|COSTS OFRAISING FUNDS|2022|2021|
|Investment
custody fees|3,656|3,211|
|Foreign currency gains / losses|(1,513)||
||f2,143|5.3,211|
##
|Grants to institutions|||||130,895|27,500|
|---|---|---|---|---|---|---|
|Governance
costs (note 5)|||||4,840|4,840|
||||||f135,735|f32,340|
|Grants were made during||the year or provided||as charitable|commitments|at the end ofthe year to the|
|following
organisations:-|||||||
|Clean Rivers Trust|||||5,000||
|Curlew Action|||||3,000||
|Durrell Wildlife Conservation|||Trust||3,745||
|Etaireia Messeniakon
Spoudon|||||3,000||
|Harvard
Centre ofHellenic||Studies|||3,500|3,500|
|Keats/Shelley
Memorial|Association||||3,000||
|London Wildlife Trust|||||3,150||
|National
Theatre|||||10,000||
|Manchester
City Galleries||Trust|||5,000||
|Orchestra OfThe Age OfEnlightenment|||||4,000||
|Oxford Philharmonic
Orchestra|||||46,500||
|Rubenianum|||||5,000||
|St Paul's Pro-Cathedral|||||10,000||
|Wordsworth
Trust|||||26,000|24,000|
||||||f130,895|f27,500|
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|||2022|2021|
|---|---|---|---|
||||g|
|Audit fees||2,340|2,340|
|Accountancy|fees|2,500|2,500|
|||f4,840|f4,840|
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|---|---|---|---|---|---|---|---|---|
|FIXEDASSETINVESTMENTS||||Cash held|||||
||||Listed|as part of|||||
||||Investments|portfolio||||Total|
||||g||g|||g|
|Market Value at 1stFebruary, 2021|||3,805,307|1,000,340||||4,805,647|
|Disposals in year|||(116,593)|||||(116,593)|
|Acquisitions
at cost|||408,526|||||408,526|
|Net loss on revaluation|||249,319|||||249,319|
|Withdrawal
ofcash||||(1,000,340)||||(1,000,340)|
|Market Value at 31stJanuary, 2022|||g4,346,559|||||f4,346,559|
|Historical Cost|||||||||
|At 31stJanuary, 2022|||f3,360,999|||||f3,360,999|
|At 31stJanuary, 2021|||f3,069,120|f1,000,340||||fA,069,460|
|All the above are UK investments|held|in safe custody forthe: rusl. by EFG Private|||||Bank Ltd.||
|Investments
at fair value comprise|the following:||||||||
||||2022|||||2021|
||||g|||||g|
|Equities|||1,599,559|||||724,609|
|Bonds|||2,747,000|||||3,080,698|
|Cash held as part ofportfolio||||||||1,000,340|
||||f4,346,559|||||f4,805,647|
|All investments
are carried
at fair value.||Investments|in equities
and bonds are all traded|||||in quoted|
|public markets, primarily
the London|Stock Exchange.||The basis offair value for||quoted|investments
is|||
|equivalent
to the market value, using|the bid price. Asset sales and purchases|||are recognised||||at the date|
|oftrade at cost (that is their transaction|value).||||||||
|Holdings
representing
more than 5%ofthe||market value|ofthe Trust's investments:||||||
||||Holding|||Market Value|||
|Marks
/it Spencer Group pic|||||||||
|Ordinary
Shares of25p each|||Sii,9i0||||81,114,940||
|Glencore Finance 3.125%26/03/26|||300,000|||||8308,625|
|Deutsche Telekom 3.125%06/02/34
Rabobank Nederland
4.875% 10/1/23|||300,000
400,000|||||2321,534
f412,884|
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||mitigated
by obtaining
in|vestment
advice and ensuring
a div|ersified
portfolio is held.||
|---|---|---|---|---|
|8.|DEBTORS||2022|2021|
||Accrued income||f46,584|f48,332|
|9.|CREDITORS: Amounts|falling due within one year|||
||Accruals||4,840|9,680|
||Charitable
Commitments|(Note 11)|39,500|25,500|
||||f44,340|f35,180|
|10.|CREDITORS: Amounts|faHing due after one year|||
||Charitable
Commitments|(Note 11)|f15,500||
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||||g||
|---|---|---|---|---|
|Wordsworth
Trust|||24,000|Within one year|
|Oxford Philharmonic
Orchestra|||31,000|Within two years|
|ReconciTiation ofCharitable|Commitments|2022||2021|
|||g||g|
|Commitments
at 1stFebruary,|2021|25,500||61,785|
|Payments
made in year||(25,500)||(61,785)|
|Commitments
made in year||55,000||25,500|
|Commitments
at 31stJanuary,|2022|f55,000||f25,500|
|Commitments
at 31stJanuary,|2022 are payable as follows:-||||
|Within one year||39,500||25,500|
|After more than one year||15,500|||
|||f55,000||f25,500|
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