2021-04-05-accounts

			Page
Legal and administrative		information
Trustees' report
Independent examiner's		report
Statement offinancial	activities
Balance sheet
Notes to the financial	statements		7-14

Trustees		Adrian Sell
		Nicola Coggins
		Edward Wiltshire					(Appointed	6October 2020)
		Mary Wiltshire					(Resigned	29January 2021)
Chief Executive and Secretary		Paula Grifgths
Charity number		258699
Principal address		1st Floor
		8-10Upper	Marlborough		Road
		St Albans
		Hertfordshire
		AL13UR
Independent	examiner	Gilberts Chartered		Accountants
		Pendragon	House
		65 London	Road
		StAlbans
		Hertfordshire
		AL1 1IJ
Bankers		HSBC Bank	pic
		1Market Place
		Hitchin
		Herffordshire
		SGS 1DR
Solicitors		SA Law
		Gladstone	Place
		36-38Upper Marlborough				Road
		StAlbans
		Herffordshire
		AL1 3UU
Investment	advisors	Rathbone	Gree nba	nk Investments
		10Queen	Square
		Bristol
		8514NT

						General	General
						fund	fund
						2021	2020
					Notes	6	6
Income from:
Charitable activities
Investments					2	108,630	147,088
~ECh
~Rii 1 4
Trustees travel	expenses						473
Independent examiner's			fees			2,560	2,984
Stockbroker fees						19,142	16,916
						21,702	20,373
Charitable activities
Depreciation						3p000	3,000
Grants						170,075	157,402
Charlton Barn - Insurance						2,806	2,752
Chalton Barn -	repairs					250	80
Legal and professional		fees					3,025
Website fees						133
Total charitable expenditure						176,264	166,259
Net gain/(loss)	on revaluation			of investments		966,366	(440,350)
Net gain/(loss)	on disposal ofinvestments					252,704	7,414
Net income/(expenditure)				for the year/
Net movement	in funds				9	lp129,734	(472,480)
Fund balances	at 6 April		2020			4,086,223	4,558,703
Fund balances	at 5Apdl		2021			5,215,957	4,086,223

			2021		2020
		Notes	E		E
Fixed assets
Tangible assets				105,925		108,925
Investments				5,200,953		4,033,998
				5,306,878		4,142,923
Current assets
Debtors			1,474		3,492
Cash at bank and in	hand		315,062		345,936
			316,536		349,428
Creditors: amounts	falling due within one
year		8	(7,583)		(6,254)
Net current assets				308,953		343,174
Total assets less current liabilities				5,615,831		4,486,097
Income funds
Restricted funds				399,874		399,874
Unrestricted funds				5,215,957		4,086,223
				5,615,831		4,486,097

		Unrestricted	Unrestricted
		funds	funds
		2021	2020
		6	E
Income	from investments	99,993	139,705
Interest	receivable	8,637	7,383
		108,630	147,088

Tangible fixed assets
		land /	Barn Watarand
			E
Cost
At 6 April 2020			214,661
At 5 April 2021			214,661
Depreciation and impairment
At 6 April 2020			105,736
Depreciation charged	in the year		3,000
At 5 April 2021			108,736
Carrying amount
At 5Apnl 2021			105,925
At 5 April 2020			108,925

Fixed asset investm		ent	s
				Number of	Historic				Histodic
				Ordinary					Cost		Market Value
				Shares held	2020	Additions	Disposals	Adj Bookvalue	2021	2021	2020
					E	6	E
tluoted Investments
Equity Investments
Begway PLC				1,700	49,412				49,412	58,701	32,411
8HP Biaiton					36,323		36,323				21,287
Civitas Social Housing	pic			38,200		41,090			41,090	41,103
Dechra Pharmaceutncals				1,770	7,192				7,192	60,923	42,338
Digital 9Infrastructure		pic		50,000		50,292			50,292	50,375
Ecofin US Renew				52,789		39,054			39,054	38,932
Experian				2,215	30,022		9,338		20,684	56,394	67,965
FDM Group Holdings pic				3,700		33,439			33,439	37,592
Genuit Group pic (formerly			Polyp ipei	6,800	28,360				28,360	38,556	28,356
GlaxosmithKlme				3,140	40,106				40,106	40,117	46,767
Greencoat UK Wind				61,225	67,002				67,002	79,225	80,939
Halma				2,835	4,388				4,388	69,117	53,567
Hill 8 Smith					35,224		35,224				31,535
Home REIT pic				47,000		47,285			47,285	53,580
HSBC Holdings					40,262		40,262				23,375
Impax Asset Management			Group	5,700	21,7I 2		9,336		12,376	46,170	27,950
Intertek Group				860	7,346				7,346	49,192	38,339
Johnson Matthey					19,266		19,266				20,471
Keller Group				3,750	29,770				29,770	30,450	18,825
Legal Ik General				15,500	24,809				24,809	43,943	24,754
Lloyds Banking Group					94,747		94,747				29,004
Londonmetric Property					47,358		47,358				55,407
					2,475		2,475				2,954
Marks and Spencer					26,115		26,115				4,061
MarshaasGroup				6,365	10,354				10,354	43,664	33,066
National Grid				2,869	15,870				15,870	24,774	24,151
Nabonal Grid				3,800	29,046				29,046	32,813	31,988
Octopus Renewable	Infra		Trust	50,236	50,529				50.529	57,771	50,236
Oxford Instruments				2,810	30,414				30,414	56,341	33,102
Prudential				2,700	15,506				15,506	41,891	24,845
Reed Elsevier= Relx				2,890	14,147				14,147	53,032	48,740
Renewables Infrastructure			Group	76,388	76,788	8,541			85,329	93,652	87,361
Sage					21,046		21,046				43,512
Schroders 61voting	shares			1,100	29,826				29,826	39,017	25,531
Scoltish and Southern				2,10D	29,839				29,839	30,597	22,533
Smith 8 Nephew				4,600	26,557				26,557	62,537	62,698
Smith DS				13,974	4D,824				40,824	57,796	35,592
Spectris PLC				2,000	26,804				26,804	68,320	45,920
Spirax Sarco Eng-26.92p				743	6,289				6,289	86,114	58,400
UnBever				1,500	47,108				47,108	60,330	60,555
Unite Group				4,127	15,419				15,419	44,180	30,540
Victrex					31,684		31,684				33,777
yodaphone US 5 Ord		shares Workspace Group		19,656	27,328				27,328	26,272	21,822
					1,157,266	219,701	373,175		1,003,793	1,673,469	1,424,674

Fixed asset investm	ents													(Continued)
							Number of	Hlstoi'ic				Historic
							Ordinary					Cost		Market Value
							Shares held	2020	Additions	Oisposals	Adj BookValue	2021	2021	2020
										E	6
Funds
Alfen NV							685		42,110			42,110	42,116
ASML Holdings NV							160		46,975			46,975	72„ri29
Assa Abloy NPV Ser 6							2,600	38,277				3$,277	53,962	35,854
Autodesklnc							160		31,786			31,786	33,203
Beyond Meatlnc							38D		38,868			3$,66$	35,991
BMO Inv Funds Lux - Resp Gbl			EM Equity		R Acc		6,700	89,586				89,586	105,123	76,782
BMO Inv Funds UK - Respons		Gbl equity			2 inc			42,097		42,097				108,859
Brown Advisory Funds							16,879	68,857				6$,$57	255,731	175,550
CHR Hansen Holdings	AS						195	9,842				9,842	12,$32	11,776
CHR Hansen Holdings	AS						600	35,856				35,856	39,485	36,235
Edentree Investments	-Amity		Intl Bine					49,397		49,397				55,833
Equmor ASA							1,800	30,575				30,575	25+79	18,971
Fund Partners - IM WHEB Sus			C Inc				29,480	29,692				29,692	60,602	41,602
Fund Partners - IM WHEB Sustainability					8Acc		28,477	25,195			276	25,470	59,801	40,528
Hannon Armstrong Suet Infra							960		37,083			37,0$3	37,112
Henderson Global Investors		-	Global Care
Growth I inc							38,000	83,826				$3,626	18$,670	123,766
Herald Investment trust								24,060		24,060				37,851
Impax Environmental	Markets			PLC			32,800	43,107				43,107	144,9'76	80,688
Iniineon Technologies	AG						1,700		53,051			53.051	52,564
KBIAsset Management								29,471		30,276				59,836
Koninklijke Philips							1,326	44,544					55,357	41,264
Legg Mason Global funds							1,300		132,540			132,540	163,131
Orated AS								36,909		12,492		24,417	50,296	49,452
Pictet Asset Management							300		73,257			73,257	84.648
Property Inc Trust for	chanty						81,944	69,346				69,346	67,309	71,455
Robecosam Smart Energy Fund							1,000	16,507				16,507	46,850	23,810
Robecosam Smart Materials		fund - Materials				C		29,496		29,496				38,230
Rockwool Intl SA							230	40,233				40,233	70,217	32,338
Schroder investment	Management						420		48,876			46,$76	73,557
Statoil Hydro (with Equlnor		ASA)					1,700	26,546				26,546	24,063	17,917
Stewart Investors - Asia Sustain				8Acc			15,300	53,911		28,916	564	25,559	116,961	172,148
5tewart Investors - Gbl EM Sustain 8 Instl Acc								50,244		50,244				58,949
Vesta Wind Systems							430	50,092		15,902		34,190	63,919	42,758
VISA Inc							300	33,D81				33,081	47,297	37,161
Xylem inc USS0.01							1,000	53,186				53,186	76,597	49,352
								1,103,934	504,546	282,881	1,644	1,327,243	2,179,768	1,538,967

Fixed asset investments	Fixed asset investments	Fixed asset investments	Fixed asset investments											(Continued)
							Number of	Historic				Historic
							Ordinary					Cost		Market Value
							Shares held	2020	Additions	Oisposals	Adl BookValue	2021	2021	2020
										6	E		6	E
Gilts
A20 Funding PLC-4.75%bonds 18/10/2022							20,000	20,150				20,150	21,466	20,241
Aberdeen	Standard Fund Man-Gbi			index linked
5 Instl Inc							250,000	145,216				145,216	151,525	146,250
Aegon Asset Mgmnt lformerly Kames Capital)-
Ethical Corp Bond 8							202,000	91,990	122,038			214,02$	216,463	90,940
Euro Investment Bank -2 5K bonds				31/10/2022			79,000	84,935				84,935	82,771	$3,706
Isha res II	PLC - UK Gilts		UCITS ETF				6,220	78,857			6	78,863	85,693	91,994
Kreditanst		Fur Wie - 0.875'N Gtd Snr 15/09/2026					67,000		69,458			69,458	68,370
Kreditanst		Fur Wie - 1.625tt GTd 5/6/2020						86,318		86,318				86,303
Ra ho bank		N ederl and -	2.25355nr MTN
23/03/2022							61,000	63,$67				63,$67	62,221	60,979
Rathbone		Unit Trust Management		-Ethical Bond
Inc							157,469	157,117				157,117	166,460	153,705
Royal London - Ethical			bond 2 inc				178,950	84,117	121,177			205,294	214,561	87,616
Treasury	-	21/29S Stock 16/04/2020						60,075		60,075				71,191
Treasury	-	21/2% Stock 17/07/2024					20,000	75,532				75,532	71,644	72,432
Treasury	-	7/814 Stock 22/10/2029					100,000		101,908			101,908	101,540
								948,174	414,581	146,393	6	1,216,368	1,242.716	965,358
								3,209,374	2,138/I28	802,448	1,651	3,547,405	5,095,953	3,928,998
Unquoted		Investments
Investment		Propereas	(Luton) Limited
Ordinary	shares of El		each				75,000	105,000				305,000	105,000	105,000
Tote Ivalue ofinvestments								3,314,374	1,138,828	802,448	1,651	3,652,405	5,200,953	4,033,998
7		Debtors
												2021		2020
		Amounts	falling due within			one	year:					E		E
		Cash held	by Rathbone		Greenbank							1,474		3,492
8		Creditors:	amounts	falling		due	within one	year
												2021		2020
												E		g
		Accruals										7,583		6,254

		Brought	Movement	2021	2020
		forward	in year
		E	E
Unrestricted	Funds
General Reserve		4,086,223	1,129,734	5,215,957	4,086,223
		4,086,223	1,129,734	5,215,957	4,086,223
Restricted Funds
Permanent	endowment	399,874		399,874	399,874
		399,874		399,874	399,874

			Brought	Movement	2021	2020
			forward	in year
			E	E
Distributable			3,366,599	300,810	3,667,409	3,366,599
Non-distributable	-revaluation	reserve	719,624	828,924	1,548,548	719,624
			4,086,223	1,129,734	5,215,957	4,086,223