THE INMAN CHARITY
ANNUAL REPORT AND ACCOUNTS
31ST DECEMBER 2022
PA YNE HICKS BEACH
Solicitors
10 New Square
Lincoln's Inn
London WC2A 3QG
PAC2YD.XLStt021

THE INMAN CHARITY
CONTENTS
Re
Admlnistrative information about the charity, ils trust8e and advisers
Directors, report
Independent examiner's report
Accounts
10
Statemenl of financial 8¢1Svltles
Compafative Slatement of financlal activities
12
Balance sheet
13-17
Prlncipal accounting policies
18-24
Notes lo the accounts
endix
25-26
Granis made

THE INMAN CHARITY
Pa
ADMINISTRATIVE INFORMATION ABOUT THE CHARIry ITS TRUSTEE AND ADVISERS
CORPORATE TRUSTEE
Inman Charity Trustees Llmited
DIRECTORS OF THE CORPORATE TRUSTEE
THE DIRECTORS
A.L. Walker
Miss B.M.A. Slrother
M.R. Mslhews
J.D. Langdon
N.J, Wing8r8th
PRINCIPAL ADDRESS
10 New Square
Lln¢oln's Inn
London WC2A 3QG
WEBSITE ADDRESS
www.inmancharity.ory
CHARIry REGISTRATION NUMBER
261366
INDEPENOENT EXAMINER
Buzzacott LLP
130 Wood Street
London EC2V 6DL
INVESTMENT MANAGER
Quilter Cheviot
Senator Hou88
85 Queen V1cloria Street
London EC4V 4AB
BANKERS
CAF Bank
25 Kings Hlll Av8nug
Kings Hill
West Malling
Kent ME19 4JQ
SOLICITORS AND ADMINISTRATORS
Payne Hicks Beach LLP
10 New Squar8
Lincoln'5 Inn
London WC2A 3QG

THE INMAN CHARITY
Pa
DIRECTORS, REPORT- 31ST DECEMBER 2022
The directors of the corporate trustee Ilhe diieclorsl present their statutory report together with the
accounts of The Inman Charity for the y8ar ended 31st December 2022.
The acwunts have been prepared in accordance ￿th the accounting policies set out on pages 16
10 20 01 the attached accounts and comply with the Charity's trust deed. applicable laws.
accounting standards (United Kingdom Generally Acoepled Accounting Pracb'c&l, and Aecounting
and Reporting by Ch8ritie5'. Statement of Recommend&d Practice applicable to charitie5 preparing
their accounts in accordance with th8 Financial Reporting Standard applicable in the Unitgd
Kinqdom and Republic ol Ireland IFRS 1021. second edition IO¢tob8r 20191.
GOVERNANCE, STRUCTURE AND MANAGEMENT
Governanc8
The Inman Charity 15 governed by a trust deed dated 16th June 1970. Tho charity is registered
under the Chariti8s Act 2011. Charity Registration Numbei 261366.
The stalulory power of appointment ol new directors of the corporate trustee by the continuing
directors applies.
The n8mes ol the directors who served during the year are sel out as part of the adrninislr3tive
inlorrnation on page 1 of this Annual Report and Aceounls. Brief biographical details are given
below..
A.L. Walker
A.L. Walker was appointed a director in February 1981. He is a retired Chartered Tax Adviser. He
was lor many years employed as a principal in the Private Client Dspartrnent of Payne Hicks
Beach LLP.
Miss B.M.A. Slrother
Miss B.M.A. Strolher was appointed a director in March 1998. She has worked for many year5 in
health, social care and the older people's charitable sector and is a Trustee of Healthwalch City of
London.
M.R. Malhews
M.R. Mathèws was appointed a director in November 2000. He is a retired solicitor. He was lor
many y8ars a partner In Clillord Chanc8 and is also a former Pr88ident of the Law Society.
J.D. Langdon
J.D. Langdon was appointed a director in November 2002. He is Emeritus Professor ol
M8xillofacial Surgery at King'5 College London.

THE INMAN CHARITY
DIRECTORS. REPORT- 31ST DECEMBER 2022
GOVERNANCE, STRUCTURE AND MANAGEMENT Icontsnuodl
N.J. Wingerath
N.J. Wingeralh was appointed z director in October 2021. Hg was for many years employed as
Head ol Ihg Trust and Tax Department of Payne Hick5 Beach LLP.
On agreeing lo their appointment, the direelors are thoroughly briefed by their co-diredors on the
hislory ol the charily. the day-lo-day management, the responsibilities of the directors, the Current
objects'ves and the future plans ol the charily.
Dlrectors. responslbllilies stat8ment
The directors are responsible lor preparing the directors. rBport and accounts in accordancs with
applicable law and Unit8d Kingdom Accounting Standards (United Kingdom G8neially Accepted
Accounting Practicel.
Charily law in England and Wales ￿q[lIr88 the directors of the corporate trustee (the directors) to
prepare accounts lor each financial year which give a true and fair view ol the slate ol affairs of the
charity al the year end and of its income and 8xperidilure during that year. In preparing accounts,
giving a true and lair view the directors are requir¢d lo..
Select suitable accounting policies and then apply them consislenlly..
Observe the methods and principles of Accounting and Reporting by Charities.. Statement ol
Recommended Practice applicable to charities preparing their accounts in acwrdance with
the Financial Reporting Standard appllcable in the UK and Republic ol Ireland IFRS 1021..
Make judgernents and estimate$ that are reasonable and prudent.,
state whether applicable United Kirtgdom Accounting Standards have been followed. subject
to any material dep8rturtrs discbsed and explained in the accounts. and
Prepare the accounts on tho going conc8m basis unless it is inappropriat8 to presume Ihal
the eharity will eontlnue lo operat8.
The directors are responsible lor keeping proper accounting records which disclose with
reasonable accuracy al any tirne the financial position ol the Charity and which enable them lo
ensure that the accounts comply with the Charities Ael 2011, applicable Charity IAocounts and
Reports) Regulations and the provisions ol the trust d8ed. They are 8150 responsib18 for
safeguaiding the assets ol the charity and hence for taking reasonable steps lor the prevention
and dgtection ol fraud and other irregularities.
The directors are r$sponslble lor the maintenance 8nd integrity of lh8 charity and financial
information included on the charity8 web51te. Legislation in the United Kingdom goveming the
preparation and disssminalion ol accounts may diller from legislation in other jurisdictions.

THE INMAN CHARITY
Pa
IRECTORS, REPORT- 31ST DECEMBER 2022
GOVERNANCE, STRUCTURE AND MANAGEMENT (Continued)
structure and management reportlng
The directors are ultimately responsibl8 lor the policies, a¢livities and assets ol the charity. They
meet twice a year to review the development5 with regard to the charlly, its grant giving activities
and make any important deci5itsns. When n¢cessary, the directors seek advice and support from
the charity's professional advisers including the investment manager, solicitors and accountants.
The day lo day management ol the eharily's activitie5, and the imp18mentation ol poli¢ies, is
delegated to the Prwate Client Department ol Payn8 Hicks Beach LLP. The Department ensures
that grant applications are processed and presented lo the directors as appropriate., il administer5
payments and keeps the books and record5 01 the charity.
Al their tneelings the diredors rèview the investment perforrnancg, 8nd a representative ol the
investment m3nager attends the meellngs lo update the directors in detail on Ihe portfolio. The
directors review the proposals lor grants to be made and approve such grants as appropriate.
Risk management
In line with th8 requirement for charity trustees to undort8ke a rlsk assessment exercise and report
on the same in their annual report, the direetors have looked at the risks The Inman Charity
currently fa￿$ and have reviewed Ihg safeguard5 in place, or needing to be put in place, to deal
with them.The dlrectors hav8 identified three rn8in areas where risks may occur.
- Governance
Operational
Fingnclal
Governan¢e looks at the continuily ol trusteeship, the skills and background ol the diTectors and
the policies of regular meetings of the directors to review their aims 8nd 8etivities.
Operatlonal looks at the risk inherent in the delegation of statutory and legal requirements ol the
charity, its manag8ment and secretarial functions and d8leg8lion of certain of ￿Ose lunclions. and
gianl giving aclivilies.
Flnanclal risks include those inherent in delegation of investment managemenl and custody to an
independent investment manager, th8 operation ol the bank accounts, the financial record keeping
of the charity. ils inv8Stmenl policy, audit and rewew procgdures.
Having assessed the major risks lo which the charity is exposed, in particular those relating to ils
investments and its finances, the directors believe that by ensuring controls exist over key financial
systems incorporating the Systems and controls implemented by Payn8 Hicks Beach LLP, and by
delegating the inveslmgnt management function lo an investrnenl manager, subject to regular
monitoring, including periodic reviews ol performano against benchmark, they have eslablishod
effective systems to miligale Ih05e risks.
Th8 key risks facod by the charity, as identified by the directors, are described below tog8th8r with
the prIn￿paI ways in which Ihey are miligat8d.

THE INMAN CHARITY
Pa
DIRECTORS, REPORT- 31ST DECEMBER 2022
GOVERNANCE. STRUCTURE AND MANAGEMENT (Continued)
Risk management Icontlnuedl
The charity's principal assel comprises listed investments, the va1u¢ of which is dependent on
movements in UK and world slock markets. Tho investments are managed by reputable
investment managers who adhere to a policy agre8d by the directors. The directors meet Iwice a
year with the investment managers and the manager's performance and that of the portfolio are
monitored. The invesltnenl strategy is 8sse55ed regularly to ensure it remains appropriate to the
haritys needs- both now and in the future.
The charity carries out its objectives by providing grants lo Institutions that are also UK registered
charities, whose objects comply with Ihe charity's criteria. There is a risk that a grant provided by
the charity may not leach the intended recipient andlor m3y be used lor purposes not consistent
with the charity's objects. Whilst the directors are mindful of their own obligation to ensure that th
charity benefits the public generally, th8y take some assuran¢e from the lact that recipients of
grants are Ihemselvgs regulated to ensure that they operate lor the public benefit.
Potential recipients ol grants are identified by the directors individually in areas where it is
perceived that public benefit will be achieved. The opporiunity to benefit is not r8slricted In any
way except that grants are restricted to bodie5 registered in the UK, not least to facilitate the
directors being 8ble lo follow up on the eNic8cy of Ihe grants m3de. In the other respects grants
are not limited in any way except Ihat the recipients should have a charitable need.
Risks are kept under regular rsview and lully reassessed every threg years.
ACTIVITIES. SPECIFIC OBJECTIVES AND RELEVANT POLICIES
Aclivtties and specific objectives
The directors operate a grant givitvJ tx)liey. providing funds lor such charitable object or institution
as the directors think fil.
In 8ddilion to supporting a wide range ol charitable organisalions, the charity makes a regular
payment to the Victor lllrnan Bursary Fund I the Fund") at Uppingham School of which the settlor
had been a lifelong supporter. The charity makes a payrnent of £30,000 per annum and this is
reviewed annually.
Institutions intending to make an appeal are directed lo the website www.inmancharily.org where
more detailed information concerning particular areas of support. application guidelines, exdusions
and grants awarded can be found.
The directors aim to make grants lotalling approximately £350,000 per annum in accordance with
the ouidelines set out in Ihe qranl oivino policy as summarised on the charity's website.
The directors eonfim that they have ￿ferred to th& guidance contained ill the Charity
Commission's guidance on public benefit when reviewillg the charity's aims and objectives and in
planning futur8 activities and setting the grant making policy for the year,
The directors Iher8fore consider that the charity's activities are for the benefit of the public
generally.

THE INMAN CHARITY
DIRECTORS. REPORT- 31ST DECEMBER 2022
ACTIVITIES, SPECIFIC OBJECTIVES AND RELEVANT POLICIES IContlnue(Jl
Key management
The directors consider the directors ol Ihe corporate Iru51ee comprise the key management
personnel of the charity in charge ol directing ar)d controlling, running and operating the charity on
a day lo day basis. All directors giv8 of their lime freely and no director received any remuneration
in the y8ar. Details ol directors. expenses and remuneration and any related party transactions are
disclosed in note 4 to the accounts12022 total expenses reimbursed was £4211. As noted above,
the day or day man8gement of the charily's activities, and the implernentalion ol policies, is
delegated to the Private Client Department ol Payne Hicks Beach LLP.
Investment pollcy
The charity has a portfolio of listed inveslmenls with a market value as al 31st December 2022 of
£5,218,378.
There are no restrictions on the charitrfs power to invest. The investment stralogy is ag￿ed
between the directois and the investment manager, and is regularly reviewed. This is the subject
ol a policy statem&nt whieh has been completed by Ihe directors and forms an integral part ol the
agreement with the investment manager to provide investment management services. Th
dire¢lors' investment policy w85 reviewed and adjusted in De￿mber 2021.
The more signilicanl principles in the 5talement are..
that the inv8slment manager shall have due regard to the need lor dlversification.
to provide 8 benchmark for performance of such a s¢ruclured portfolio a ￿MpoSIte index is
utilised, incorporating 25Yo MSCI UK IMI, 45/0 MSCI AC World ex UK. 12% iBoxx £ UK Gilts,
10tsA comprised ol i8oxx £ Gilt 1-5yr150%1 and MSCI AC World Index IACWII150¥o1. 5.5%
iBoxx Sterling Corporates, 2.5Vo Bank ol England Base Rate.
The performance benchmark detailed above does not include the two property collectives. being
the"Charities Properly Fund Income. and Mayfair Capital Investment Limited Property Income
Trust lor Charities. as Quilter Cheviol does not have discr8tion on thes8 investtmenls.
Ths investment manager is invited to attend each foimal meeting of the directors to provide a
report on the performance of the pot(lolio. comparison against the benchmark and general rnarket
Issues.
ACHIEVEMENTS AND PERFORMANCE
Revi8w of actlvlties
Total inveslrnenl income recelved in Ihe year (including interest receivable) amounted to £186.958,
which equates to a yield of 3.6Vts (based on the maiket valuation of the investment assets at the
year 8ndl. The income received in the year on th8 Royal Albert Hall Debenture amounlgd to
£8,343, which equates to a yield o13Yts. The diro¢tors awarded grants totalling £414,000 during the
year in accordan￿ with the charitls grant giving policy set out above. A detailed list ol all grant5
and Commitments made in the year is included in th8 Appendix on pages 25 to 26.
The directors maintain a Ilst ol charitable organisalions whith the charity regularly 5UPPOrts and
fhis is reviewed at their hall yearly me8tings.

THE INMAN CHARITY
Pa
DIRECTORS, REPORT- 31ST DECEMBER 2022
ACHIEVEMENTS AND PERFORMANCE IContlnL¢edl
Revlew of activities Icontlnuedl
The directors feel that their objectives have been adequately met this year.
However. the directors are aware thal there are external factors, which could affect the
8ehievemenls ol their objectives gs a significant part ol the charity's assets are made up of
investments and cash, the result ol which are dependent on the general performance ol the UK
and overseas stock markets. As not8d above urider risk management, in order to minimise this,
the directors have set prudent investment policie5 and place reliance on the investment manager
to monitor and advise on the necessary investrnent changes and suitable asset allocation.
Inveslmgnt performance
During the year the charity's listed inveslrrgnts aehieved an income yield 013.6% (based on the
valuation ol inveslwent assets at the year endl and. a capital decreas& of 12.4Qh. The investment
rvanager continued lo invest in accordance with the directors, inveslmenl policy as reviewed and
set out earlier in this repori, Al the end ol the year the ¢harity's portfolio ol listed inve51menls
comprised of 11 Yts fixed interest. 21Vo property collectives, 28% UK equities and 40% overseas
equities and fix8d interest.
The Royal Albert Hall Debgnlure achieved an income yield of 3%.
The directors are satisfied with the performance of the investments and are satisfied that their
inve5ttnent objectives will be met over the rnediurn terrn.
FINANCIAL REVIEW
Result5 for the year
A summary of the year's results can be found on page 10 of this report and 8¢eounls.
During the year ended 31st Decetnber 2022, total incorne amounted to £197.32712021
£163,065). being income arising from the charity's investments and cash deposits.
The directors awarded giants tolalling £414,00012021 £230,000). incurred investment
management Costs of £23,14512021 £25,994), grant administration costs of £46,74612021
£39,997) and governance costs (including indopendenl examination c05tsl of £3,60512021
£3.1441. Total expenditure was £487,89612021- £300,814).
There were nel investment losses during the year of £739,031 12021 gains £726,478>.
This results in a net de¢rease in funds during the year of £1,029,40012021 nel in¢re&se
£588,729).
Reserves policy and financÉal posltlon
Resetrves policy
The endowment fund represents the disposal proceeds ol a property which was re¢eiv8d by the
charily on the death of the seltlor. The direotors have the power to rneet administrative expenses
Irorn this fund and may apply the income from the fund towards Iho gerieial purposes ol th¢
¢harity.

THE INMAN CHARITY
Pa
DIRECTORS, REPORT- 31ST OECEM8ER 2022
FINANCIAL REVIEW Iconllnugdl
Reserve5 pollcy fcontlnuedj
The charity is operated as a grant giving charity. and the directors, policy is to administer the
investment 85sets on an absolut8 return basis and usually seek to distribute £350.000 in grants In
each financial year.
Financlal position
The balance sheet shows lolal funds of £5,764,487 comprising endowment funds of £4,456.683
and unrestricted funds of £1,307,804. The unrestricted fund comprises amounts which ultimately
are free reserve5 but which are held by the dlreclors foi investment so as to ensure the continued
generation ol income in future periods, thereby helping lo safeguard the long term existence of the
charily and the a¢hiev8rnenl ol its objectives. The size ol the Un￿striCted fund sustains and
supports the levels ol donation5 which the directors wish lo maintain and enhan￿ over titne. The
directors con5idei free reserves lo be adequate but not excessive in the light ol the charitys
reserves policy Set oul above.
Future plans
Th8 directors do not anticipate any significant changes lo the chaiity or ils activities over the n8xI
o to fivg years. It is their intention to meet the lollowino objective5.'
To ensuie the investrnent performance achieve5 the criteria set by them so that there are
sufficient funds to meet their grant giving policies.
To eontinue lo make grants at a similar. If not higher, level.
The directors have review8d the risks and concluded that thg charity Is in a strong financial and
operation81 posllion and can continue to support beneficiaries now and for the foreseeable future.
Signed on behalf of the directors of the corporate Iru5tee'.
Directors
e Corpomte Trustee
A L Walker
M R Mathews
Approved by the dlrecloTS ol th8 corporate trustets on..
18 October
.2023

THE INMAN CHARITY
Pa
INDEPENDENT EXAMINER'S REPORT- 31ST DECEMBER 2022
INDEPENDENT EXAMINER'S REPORT TO THE DIRECTORS OF THE CORPORATE
TRUSTEE OF THE INMAN CHARITY
I report lo the direclors of the corporate trustee of the charity on my exarninalion of the accounts of
The Inman Charity I'the Charily'l for th& year ended 31 December 2022.
RESPONSIBILITY AND BASIS OF REPORT
As the directors of the corporate trustee ol the Charity you are responsible lor the preparation of
the a¢coiJnts in accordanco with the requirements of Ihg Charilies Act 20111'the 2011 Acl'l.
I report in respect ol my examination of your Charity's accounts as Carried out under secllon 145 of
the 2011 Act. In Carrying out my examination I have followed the Direclions given by the Charity
Commission under section 14515llbl of the 2Q11 Act.
INDEPENDENT EXAMINER'S STATEMENT
I have cotllpleled my examination. I confirm that no mallers have come lo my attention in
connection with my examination giving me Cause lo believe that in any material respecl..
accounting records were not kopt In respect ol the Charity as required by section 130 of the
2011 Act; or
ihe accounts do not 8¢¢ord with thos& r8cords.' or
the accounts do not comply with the applicable requirem¢nls concerning thè form and
¢ontenl of accounts sat oul in the Charities (Accounts and Roportsl Regulations 2008 other
than any requiremant that the accounts give a 'lrue and lair view which is not a matter
considered as part ol an independent oxBmination
I have no concerns and have come across no other mallers in connection with the examination to
which attention should be drawn in this report in order lo enable a proper undorstanding of tha
accounts lo be reached.
Gumayel Miah, ACA
Buzzacoll LLP
Chartered Accountants
130 Wood Street
London
EC2V 6DL
Dale.. 25 October 2023

THE INMAN CHARITY
Pa
efjo
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST DECEMBER 2022
Unrestricted Endowment
Notes Fund
Fund
Total 2022
INCOME AND ENDOWMENTS FROM..
Investments
Investment income
Inlergst receivable
Swiss tax reclaim
Royal Albert Hall Debenture
Clearance of CAF transaction creditor
186,958
1.908
186.958
1.908
8,343
118
8,343
118
TOTAL INCOME AND ENOOWMENTS
197,327
197.327
EXPENDITURE ON:
Raising funds
Invastment management costs
4,778
18,367
23,145
Charitable activities
Promoting and enhancing
charitable work
428,173
36.378
464,551
TOTAL EXPENDITURE
432,951
54,745
487,696
NET EXPENDITURE BEFORE
INVESTMENT LOSSES
1235,6241
154,7451
1290,3691
Invastment losses
Realised
Unrealised
157,8891
169,3691
1163.7161
1448,0571
1221.605)
1517,426)
NET EXPENDITURE AND NET
MOVEMENT IN FUNDS
1362,8821
1666,5181
11,029.4001
RECONCILIATION OF FUNDS
Total funds brought forward
al 1st January 2022
1,670,686
5,123,201
6,793,887
Total funds carried forward
at 31st December 2022
1,307,804
4.456,683
5.764,487
All recognised 98ins and losses arè included in the above slalemenl of financial 8Ctlvities.
All of tha charity's aclivtties derived from continuing operations during the above two
rinanGI81 yèars.

THE INMAN CHARITY
COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST DECEMBER 2021
Unr8Strlcted Endowment
Notes Fund
Fund
Total 2021
INCOME AND ENDOWMENTS FROM..
Investments
Inveslmenl income
Interest rgceivable
Swiss lax reclaim
159,949
29
3,Q87
159,949
29
3,087
TOTAL INCOME AND ENDOWMENTS
163,065
163.065
EXPENDITURE ON..
Raising funds
Investment management costs
Charitable activities
Promoting and enhancing
choriiable work
5,262
20,732
25,994
241.210
1,679
31,931
273,141
1,679
Royal Albert Hall Debenture
TOTAL EXPENDITURE
248,151
52,663
300,814
NET EXPENDITURE BEFORE
INVESTMENT GAINS
185,0861
152,6631
1137,7491
Investment gainsllosses
Realised
Unrealised
72,045
114,028
140,528
399,877
212.573
513,905
NET INCOME AND NET MOVEMENT
IN FUNDS
100,987
487,742
588.729
RECONCILIATION OF FUNDS
Total funds brought lotward
al 1st January 2021
1,￿9.699
4.635,459
6,2Q15,158
Total funds carriad lotward
at 31 sl Decembor 2021
1,670,686
5,123,201
6,793,887
All recognised gains and losses are in¢luded in the above statement of f1nancial aclivilies.
All of the charity's a¢tivSties derived from Continuing operations during the above two
finan¢ial years.

THE INMAN CHARITY
Pa
e12
BALANCE SHEET- 31ST DECEMBER 2022
2021
2021
Notès
2022
2022
FIXED ASSETS
Investments
6,298,086
280.000
Listed Investments
5,218,378
280,000
Royal Albert Hall Debènture
6,578,086
5,498.378
CURRENT ASSETS
4.229
296,336
Debtors
Cash at bank and in hand
4,447
316,210
300.565 TOTAL CURRENT ASSETS
LIABILITIES..
Creditors.. Amounts falling due
within one year
320,657
165,7641
148,5481
234,801
NET CURRENT ASSETS
272,109
6,812,887
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS.,
5,770.487
Amounts falling due after more
than one year
119.0001
10
16,0001
6,793,887
NET ASSETS
5,764,487
THE FUNDS OF THE CHARITY
Capital Fund
Endowmènt Fund
5,123,201
4.456,683
Income Funds
Unrestricted Fund
1.670,686
1,307,804
6,793,887
TOTAL CHARITY FUNDS
5,764.487
Approved by the dire
f the coiporale trustee and signed on thèir behalf by..
Direcloi
e Corporate Trustee
M R Mathews
A L Walker
Dale ol Approval..
18 October
. 2023

THE INMAN CHARITY
Pa
a13
PRINCIPAL ACCOUNTING POLICIES- 31ST DECEMBER 2022
The principal accounting policies adopted. judgements and key sourcos ol estimation
uncertainly in the preparation of the accounts are laid out below.
Basis of preparallon
These accounts have been prepared lor the year lo 31 sl December 2022 with comparative
information given in respecl lo the year to 31st December 2021.
Th6 accounts have beèn prepared under the historical cost convention with items recognised
at cost or transaction value unless otherwise stated in the relevant accounting policies below
or the notes of Ihese accounts.
The accounts have been prepared in accordance with Accounting and R8porting by Charities..
Stalement of Recommended Practic8 applicable lo charities preparing thèir accounts in
accordance with tho Financial Reporting Standard applicable in the Unilsd Kingdom and
Republic ol Ireland (Charities SORP FRS 1021 second edition issued in October 2019, the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the
Charities Act 2011.
Tho charity conslitules B public benefit entity as defined by FRS 102.
The accounts are presented In sterling and are rounded lo the nèarest pound.
Crltlcal accountlng estlmates #nd areas of judgement
Estimates used in the accounts are subject to a greater degree of uncertalnty and volatility.
As sel out in these accounting policies undèr'going concern. the directors have concluded
that il is appropriate for the charity to continue lo prèpare ils accounts on the golng concern
basis.
Preparation of the accounts requires the Iruslees to make significantjudgements and
estimates.
The items in the accounts where these Judgements 8nd eslimales have been made include..
e81imating the liability lor mulli-yeaT grant commilmenls.
eslimaling the deemed market value of the Royal Albert Hall Debenture.
esfjmating future in¢om6 and expenditure flows wbth a vlew to assessing going concem.

THE INMAN CHARITY
Pa
e14
PRINCIPAL ACCOUNTING POLICIES- 31ST DECEMBER 2022
Assessment of golng concern
Th8 diraclors have assèssed whether Ihg use of the going concern assumption is appropriate
in preparing these accounts. The directors have made this ass6ssmenl in respect of a perlod
of one year from the date ol approval of these accounts.
The directors have concluded that thère are no material uncertainligs related lo events or
conditions that may ¢asl significant doubt on the ability of ihe charity to continue as a going
concern. Eslimales usgd in Ihe accounts, particularly with respect to the value of the Royal
Albert Hall debenture seats are subject lo a greater degree of uncertainly and volalilily. As s&t
out in thes8 8¢counting policigs under.going concern the dire¢lors have concluded that it is
appropriate for the charity lo continue to prepaTe ils accounts on the going concern basis. The
most significant areas of judgement that affect items In the account are detailed above. With
regard to the next accounting period, the year ending 31st December 2023, the most
significant arèas that affect the carrying value of the assets h61d by the charity are the level ol
investment return and the performance of the inveslmenl markèis (see the investment policy
and the risk management sections of th& directors, report for morè informalionl.
Income rgcognltion
Income is recognlsed in the period in which Ihg Charity has entitlement lo the income. the
amount of income can be measured reliably and it is probable Ihal the income will be
received.
Income COTnprises donations. inveslin8nl income from inveslmenls and interest from deposits.
Donations are recognised when the charity has conlirmatlon of both the amount and
sèltlemenl date. In the event ol donations pledged bul not received, the amount is accrued for
whère the reoeipl is considered probable. In the event that a donation is subject to conditions
that reqLJire a level ol perlormancg before the charity is enlilled to the funds, the income is
deferred and not recognised until either Ihose conditions are lully met, or the lullilmenl of
those conditions is wholly within the control ol the charlty and il is probable that those
conditions will be fulfilled in the reporting period.
Investment income is recognised oncè the income has been declared and notllication has
been received of the amount due.

THE INMAN CHARITY
Pa
e15
PRINCIPAL ACCOUNTING POLICIES- 31ST DECEMBER 2022
Incomg recognitlon Icontinuedl
Interest on funds h81d on deposit is included when receivable and the amount can be
measured reliably by Ihg ¢harily; this is normally upon noliflcalion of the interest paid or
payable by the bank.
Expendlture recognltlon
Liabilities arg recogni88d as expenditure as soon as there is a lega5 or CDnslructive obligation
committing the charity lo make a payment to a third party, it is probable Ihal a Iransler of
economic benefits will be required in 5èttlemenl and the amoLJnt DI the obligations ¢an be
measured reliably.
All expandilure is accounted for on an accruals basis. Exp&nditur8 comprises dlrecl costs
and support costs. All expensgs, including support ¢osis. arts allocated or apportioned lo the
aDDlicable expenditure headinos. The dassilicalion belween the activities is as follows..
lal Expenditure on raising funds includes all expendiluTe assDciatgd with raising funds for
tho charity. This includes Ihe lee5 paid lo the inveslmenl managgr in connection with the
management of the charity's listed investments.
Ibl Expenditure on charitablè activities includes all costs a5s0cialed with lurthering the
chaiitable purposes of the charily Ihiough the provision ol ils charitable aclivilies. Such
costs include charitable granis payable in prorlloting and enhancing charilabltr work
Carried out by other ¢harilable organisalions. and related support costs including Ihe
cost of administerina the activities of the charitv and oovernancg costs.
Grants payable are included in the slatèmenl of financial activities when approved and when
the inlendtrd recipienl has either received the funds or been informed ol the decision lo make
the donation and has satisfied all related conditions. Grants approved but not paid al the end
of the financial year aro accrued for. Grants where the beneficiary has not been informed or
has to meet certain conditions before the grant is released are not accrued for bul are noted
as financial commitments in the nolgs to the a¢¢ounls.
All expenditure is statèd indusive of irre¢overabl8 VAT.
Allocation of support and governance Costs
Support costs represent indirect ¢harilablg expenditure. In order to carry out the primary
purposes of tha charity it is ngcessary to provide support in th8 form of administration
services.
Govemance costs comprise th$ costs involving the public ac¢ounlabillty of th8 charity
(including audil costs) and costs in respect of its compliance with regul8tlon and good
practice.
Support costs and governance costs are appotuoned directly lo the one charitable aclivity.

THE INMAN CHARI
Pa
e16
PRINCIPAL ACCOUNTING POLICIES- 31ST DECEMBER 2022
Flxed asset investments
Listed Invèstments
Lisl8d Investments are a form of basic financial instrument and arg Inilially recognisgd al their
transaction value and subsequently maasured al their fair value as al the balance sheet dale
using the closing quoted market price.
The charity does not acquire pul optlons, derivatives or other complex financial instruments.
As noted above the main form of financial risk faced by the charity 18 that a volalilily in eqLJity
markets and investment markets due to wider economic ¢ondilions, the altitude of investors lo
Investment risk, and changes in sentiment concerning equitias and within particular sectors or
sub sectors.
Royal Albert H311 Dèbanture
The debentures were initially recognised al deemed market valu8. Th8 directors used Iho
average sale price of debenture seats in a one year peiiod to provide an èstimate ol the
deemed market value of the debentures. The directors, policy is lo revaluè the debentures
every three years. The latest review of th8 debentures. values was in the year ended 31st
December 2022 and il was concluded that thè previDUS valug of £280,QOO shoLJld be
mainl8ined.
Gains and losses
Realised gains lor losses) on investment assets are calculated as IhB dilference betweèn
disposal proceeds and their opening carrying value or Ihair purchase value is acquired
subsaquent lo the first day ol the financial year. Unrealised gains and1055es are calculated
as the difference between the fair value al the year end and thèir carrying value at that dale.
Realised and unrealised investment gains lor losses) are credited lor debiledl in the
statement of financial activities in the year in which they arise.
Debtors
Debtors ara recognis8d at their selllemenl amount. less any provision for non-recoverability.
They have been discounted to the present value of the future cash receipt where such
discounting is material.
Cash in bank and In hand
Cash at bank and in h8nd represents such accounts and instrLJmenls that 8r& available on
demand or have a maturity ol less than Ihreg months from the date ol acquisition.

THE INMAN CHARITY
Pa
e17
PRINCIPAL ACCOUNTING POLICIES- 31ST DECEMBER 2022
Creditors and provisions
Creditors and provisions are recognised wh8n there is an obligatlon 8t the balanca sheet date
as a result of a past event, il is probable that a transfer of economic benefil will be required in
selllement. and the amount ol the selllemenl can be eslimaled reliably. Creditors and
provisions are recognised at the amL¥unl the charity anlicipales il will pay lo settle the debt.
They have been discounted to the present value ol the lulure cash payment where such
dlscountlng is malerlal.
Fund a¢¢ountlng
The endowment fund comprises monies which musl be held indefinitely as ¢apit81 although
certain administrative expenses may be mel by the fund. Income therefrom is creditod to the
unrestricted fund and applied for general purposes.
The unreslricled fund represents funds availablè for the gèneral charitable purposes ol the
charity which may be applied al the discretion of the directors.
Cash flow
The 8cGounts do not include a cash flow stalement because the charity is exempt from tho
requirement lo prepare such a statement under the Charilies SORP IFRS 1021 Update

THE INMAN CHARITY
Pa
e18
NOTES TO THE ACCOUNTS- 31ST DECEMBER 2022
1 INVESTMENT INCOME
Unreslrlcted
Fund
2021
Unr•strlcte(J
Fund
2022
75.300 UK equili&s and collecliv6s
Property collectives
The Charity Property Fund Unlts
Mayfair Capital Investment Managernent Lld.
Property Income Trust lor Charities
68,522
17,484
17,296
18,458
19,653
36,949
18,205
61.382
1.367
533
17.033 UK Government and fixed inleiest securities
29,689 Overseas equitiès and collecllves
1,985 Overseas fixad interest
Excess ièportable income
159,949
186,958
2 PROMOTING AND ENHANCING CHARITABLE WORK
2022
Total
Funds
Unrestrfcted Endowment
Fund
Fund
Grants awarded lo institutions
Grant admlnislralion costs
Governance costs Inole 31
414.000
12,060
2.113
414,000
46,746
3.805
34,686
1,692
2022 Total funds
428.173
36.378
464,551
2021
Total
Funds
Unrestrlcted Endowment
Fund
Fund
Gr8ftls awarded to inslilulions
Grant admIrt￿stratIOn costs
Govem&nce cosls (nol8 3)
230.000
9,638
1,572
230,000
39.997
3. 144
30,359
1,572
2021 Total funds
241,210
31,931
273, 141
A detailed list of the grants awarded to Institution5 is given in the appendix to these a¢counls.

THE INMAN CHARITY
Pa
e19
NOTES TO THE ACCOUNTS- 31ST DECEMBER 2022
2 PROMOTING AND ENHANCING CHARITABLE WORK Icontlnuedl
A reconcS1iation of the grants payable and grant commitments figures shown In these accounts
Is as foSlows'.
Unrestrlcted
Fund
2021
Unrestrlctgd
Fund
2022
24,000 Grant commitments at 1st January 2022
230.000 Grants agreed during the ye8r
32,000
414,000
254,000 Grants payable
1222,0001 Granls paid durlng the year
446.000
1427.0001
32,000 Grant commitments at 31st Dec8mber 2022
19,000
3 GOVERNANCE COSTS
2022
Total
Funds
Unrastrlcted Endowment
Funds
Fund
Independent examinei's lea
Directors, expensès
1,692
421
1,692
3,384
421
2,113
1.692
3,805
2021
Total
Funds
Unrestrlcted Endowment
Funds
Fund
st&lulory audil f8&
1.572
1.572
3,144
4 STAFF COSTS, DIRECTORS, REMUNERATION, AND OTHER RELATED PARTY
TRANSACTIONS
The Charity employed no staff during the year12021 Nonel.
No dlrector of the corporate trustee recelvad any remuneration In respect of their servlces
durlng the y&ar12021 £nlll.
Two directors were reirnbursod £421 for expgnditura incurred in the performance of their dulles
during the year12021 £nill.

THE INMAN CHARir(
e20
NOTES TO THE ACCOUNTS- 31ST DECEM8ER 2022
STAFF COSTS, DIRECTORS. REMUNERATION, AND OTHER RELATED PARTY
TRANSACTIONS IContlnLsedl
The key management personnel ol the charity in charge of directlng and conlrollSng. the charity
comprlse the directors ol the corporate trustee.
The lolal remuneratlon11ncluding taxable benellts but excluding employer's pension ¢ontributionsl
of the key management personnel for the year was £nll12021 £nll).
Payne Hl¢ks Beach LLP conducted Ihe day to day adrninistration of tho Charity during the year. The
lolal fees charg8d lor the year (excluding VAT and disbursemenlsl were £38,50012021 £33,000),
£19,250 01 which remained outstanding al the year end12021 £33,000).
There were no other related party transactions during the year of rèport12021 Nonel.
S TAXATION
The Inman Charity is a registered charily and, therefore, is nol liable to Income lax or corporation
lax on income or gains derivèd from ils charltable acllvlties as they fall within the exemptlons
available to registered charities.
6 INVESTMENTS
2021
2022
LISTED INVESTMENTS
Movements in listed investments durlng the year were as follows..
5,662.823 Market value at 1st January 2022
2,038,053 Additions at cost
11.916,6951 Disposals at book value
(proceeds: £828.218', reallsed losses £221,605)
513.905 Net unrealisad losses in year
6,298,086
487.541
11.049.823)
1517,426}
6,298,086 Market value at 31 sl December 2022
5,218.378
5.225,617 Cost 8131st December 2022
4,755,923

THE INMAN CHARITY
Pa
e21
NOTES TO THE ACCOUNTS- 31ST DECEMBER 2022
6 INVESTMENTS Icontlnuedl
All investments were dealt In on a recognised stock exchange..
2021
2022
Listed Investments h81d at 31 st December 2022 comprise the
followlng..
Investments listed on a UK stock exchange
UK equities
UK Government and fixed interest securities
Property collectlves
1.756,343
633,351
1.160,347
1.472,193
580,856
1,087.077
3,550.041
3,140,126
Overseas investments
Overseas equities and collectives
Fixed interest
2,676,487
71,558
2.049,325
28,92T
2,078.252
6,298.086
5,218,378
Al 31sl December 2022 the following Individual holdlngs had a malorial market
value In the context ol the entire portfolio..
Yoof
PortloSio
V81ue
The CharitSes Property Fund Units
488,815
Mayfair Capital Investment Managèment Ltd.
Property Income Trust for Ch8rlties
391,317
7 DEBTORS
2021
2022
144 Dividonds awaiting re¢8lpt
998 Accrued income
3,087 Tax repayable
1,360
3,087
4,229
4,447

THE INMAN CHARITY
Pa
e22
NOTES TO THE ACCOUNTS- 31ST DECEMBER 2022
8 CASH AT BANK AND IN HAND
2021
2022
259,232 CAF Bank
35,840 Qulller Cheviol
1,264 Payne Hicks Beach
119,870
186.347
9.993
296,336
316.210
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021
2022
39,868 Granl adminislrauon costs
Statutory audit fees
For the year ended 31 December 2020
For the year ended 31 December 2021
23.336
3.048
3,144
3,048
3,048
Indgpendenl exarninatlon fees
FDr the year ended 31 Oecernbttr 2022
6,586 Investment managerfs lees
Grants
Inman Charity Undergraduate Dental Research Award
lal King's Colleoe London)
Inman Charity Medical Rtssearch Fund
7.000
lal King's College London)
118 Payrn6nt received in triror by CAF Bank Aecounl
Dlreetors, expenses
3.264
5,479
6,000
6,000
7,000
421
65,764
48,548
10 CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR
2021
2022
Inman Charity Undergraduate Dental Research Award
lal King's College London)
Inman Charily Medical Research Fund
lat King's Colleg8 London)
12,000
6.000
7,000
19,000
6,000

THE INMAN CHARITY
623
NOTES TO THE ACCOUNTS- 31ST DECEMBER 2022
11 ENDOWMENT FUND
At 1 January
2022
Investment
enditure Galnsl
losses
At 31 December
2022
Income
Ex
5,123,201
154,7451
1611.7731
4,456,683
At l January
2021
Investment
endifure Galns/
losses
At 31 December
2021
Income
Ex
4.635,459
(52,663)
540,405
5, 123,201
The endDwmenl fund rapresents the disposal proeoeds of a property whlch was received by the
Charity on the death of the Settlor. The dir8ctors have Ihe power lo meet adminislTalive expenses
from the endowment and the income may be 8ppli8d towards the geneml objects ol the charity.
12 UNRESTRICTED FUND
At 1 January
2022
Investment
endlture Galnsl
losses
At 31 December
2022
Income
Ex
1,670.686 197,327
1432,9511
1127,2581
1.307,804
Al l January
2021
Investment
èndlture G8ins/
losses
At31 D¢¢ember
2021
Income Ex
1,569,699 163,065
(248. 151)
186,073
1.670,S86
The unreslricled fund includes monies set aside by the directors for the purpose of providing a
continuing SOUTGe of income lo the charity. thereby safeguarding its futurè.
13 ANALYSIS OF NET ASSETS BETWEEN FUNDS
Funds balances al 31st Dg¢ember 2022 aro rapresenled by..
Unrestricted Endowment
Fund
Fund
Total
Fund5
Listed investmènts
Royal Albfyrt Hall Debenture
Current assats
Creditors.. amounts falling due wllhin one year
amount falling duo after one year
847,030
280,000
210,385
123,3491
16,0001
4,37t,348
5,218,378
280,000
320,657
{48,5481
(6,0001
110.272
124.8981
1,308,066
4,456,722
5,764,487

THE INMAN CHARITY
Pa
e24
NOTES TO THE ACCOUNTS- 31ST DECEMBER 2022
13 ANALYSIS OF NET ASSETS BETWEEN FUNDS Iconllnuedl
Unrestricted Endowment
Fund
Fund
Total
Funds
Unrealised gains on lislod Investments
107.062
355,393
462,455
R8con¢iliabon of movements In
unrealised gains on investment assets
Unrealised gains a11 st January 2022
Adjusted in respect ol disposals in year
199,739
123,3081
872,730
{69,2801
1,072,469
192,5881
176,431
803,450
979.881
Less.. Nel losses arising on
investment revaluation in year
169,3691
1448,0571
1517,4261
Unrealis8d galns al 31st Decemb8r 2022
107.062
355.393
462,455
Funds balances al 31st Decemb8r 2021 are represenlgd by..
Unresfricted Endowment
Fund
Fund
Total
Funds
Lis16d inveslm8nls
Royal Albert Hall Debenture
Current assets
Creditors.. amounts f8lliftg due within one ygar
amount f811ing due after one ysar
1,093,876
280,000
342,894
(27,024)
(19,000?
5,204.270
6,298,086
280,OQO
300,565
(65,764)
(19,QOOJ
(42,329)
(38,740)
7,6TO,68S
5, 123,201
6,793,887
Unrealised 98ins on listed inveslmenls
199, 739
872. 730
1,072,469
Reconciliation of mov6menls in
unrealised gains on investment assets
Un￿aliseLl ggins at 1st January 2021
Adjusted in r8spect of disposals in year
295,984
(210,273)
969,51 I
{496,658)
1,265,495
(706,931J
85.711
472.853
558.564
Less.. Net gains arising on
investmenl revaluat￿n in ye8r
114.038
399,87T
513,905
Unrealised gains ot 31st December 2021
199, 739
872, 730
I,OT2,469

THE INMAN CHARITY
Pa
e25
APPENDIX TO THE ACCOUNTS- 31ST DECEMBER 2022
GRANTS AWARDED DUR5NG THE YEAR:
Amount
Bursary Fund
Vl¢lor Inman Bursary Fund al Uppingham School
30,000
Medical- ResearGh
Antibiotic Research UK
Braill Res8orch UK
Pancreatic Can¢er UK
Cystic Fibrosis TIu5t
Alzheimer's Society
Bone Cancer Research Trust
Fight for Sight
Worldwide Cancer Research
Motor Neurono Disease Association
Inslilute of Cancer Research
Brstish Heart Foundation
Roy Castle Lung Cancer Foundallon
Moorfields Eye Charity
Retina UK
6,000
5,000
6,000
6.000
5,000
5,000
6.000
8,000
8,000
8,000
8,000
8,000
5,000
5,000
Soclal- Hosplces
Sl Barnabas Lincolnshire Hospicg
Saint Calherlne's Hospi
Weston Hospicecare
Willen Hospice
Hospices UK
Sl Helena's Hospice
Sl Clare Hospi¢e
Ellenor Hospic
Hospice al Hotne West Cumbria
St Catherine's Hospice
Queenscourt Hospice
5.000
5,000
5.000
3.000
10,000
5,000
5,OOC>
4,000
3,500
5,000
5,000
Social- Older People and Social Welfare
Re-Engage
Dartmouth C8rlng
Castle Point Soci81 Car Scheme Limited
Lending Hope
wa￿1Cksh1r& Young Carers
Hour Community
Kent Coast Volunteering
FISH
Samariians
Communily Suslainabilily ServSc6
DACT
Dementia Adventure
Colswold Friends
Gosport Voluntary Actic>n
Daybreak Oxlord
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5.000
5.000
5,000
5.000
7.000
Balance ¢arrSed lO￿ard
251,500

THE INMAN CHARITY
Pa
APPENDIX TO THE ACCOUNTS- 31ST DEGEMBER 2022
GRANTS AWARDED DURING THE YEAR:
Amount
Balance brought lotW8rd
251.500
Prama
Sudbury
Teams and Bènsham Community Care
Katherine Low Settlemènt
Good Companions
5.000
5,000
2,500
6,000
2,500
So¢lal- Deaf and Blind
Cornmunity Resource
Calibre Aijdio
Halilax Socioty for the Blind
Deaft)lind UK
Listening Books
Sighl Advice
Signal
My Sight Nollinghamshire
3,500
1,000
5,000
5,000
5,000
5,000
5.000
5,000
Soclal. Physically and Mentally Disabled
The Hexlol Foundation
The Foundation for Conductive EducatlDn
Reach Learning Disability
Share
Demand
Merton Centre for Independent Living
5,000
5,000
5,000
5.000
5,000
5,000
Armed For¢es
Blesma
Care for Veterans
Royal Air Forces Association IRAFAI
Blind Veterans UK
The Poppy Factory
The Royal Star & Garter Home
The Royal Marinas Charity
3,000
4.000
3,000
3,000
3,000
3.000
3,000
Medlcal General
Cavendish Cancer Care
Mulliplg S¢lerosis-UK IMS-UKI
Paul's Cancer SLJPPDrt Centre
Target Ovarian Cancer
Pelvic Radiation Dlsease Association
3,000
3,000
4,000
5,000
5,000
Ggnaral
Fields in Trust
Revilallsè
5,000
5,000
DEC Ukraine Humanitarian Appeal
25.000
414,000
Total grants and donations lo institutions awarded during 2021 amounted lo £23QQQQ.