## |CONTENTS||||Page| |---|---|---|---|---| |Legal and administrative||information||| |Trustees'
report||||2-3| |Trustees'
responsibilities||in relation to the financial|statements|| |Independent
Auditors'||report||5-7| |Statement offinancial|activities|||| |Balance sheet||||| |Statement ofCash Flows||||10| |Notes to the financial|statements|||11-18| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |or the year ended 5|Apri|l 2021|||||| |---|---|---|---|---|---|---|---| ||||Note|Unrestricted|Endowment|Total Funds|Total Funds| |||||Funds|Funds|2021|2020| |Income and endowments|from:||||||| |Donations|||3|2,500,461||2,500,461|| |Investments|||4|51,423||51,423|55,705| |Total income||||2,551,884||2,551,884|55,705| |Expenditure
on:
Charitable
activities||||72,021||72,021|95,366| |Other||||181||181|13,875| |Total expenditure||||72,202||72,202|109,241| |Gains/(Losses)
on investment||assets||686,349||686,349|(455,714)| |Net income/(expenses)|||5|3,166,031||3,166,03 1|(509,250)| |Reconciliation
offunds|||||||| |Total funds brought
forward||||2,115,463|354,195|2,469,658|2,978,908| |Reclassification offunds||||354,195|(354,195)||| |Total funds carried forward||||5,635,689||5,635,689|2,469,658| ## |||2021|2020| |---|---|---|---| ||Note||| |FIXEDASSETS|||| |Fixed asset investments|7|2,984,076|2,305,412| |CURRENT ASSETS|||| |Cash at bank||2,655,213|171,243| |CREDITORS: AMOUNTS FALLING DUE|||| |WITHIN ONE YEAR||(3,600)|(6,997)| |NET CURRENT ASSETS||2,651,613|164,246| |NET ASSETS||5,635,689|2,469,658| |THE FUNDS OF THE CHARITY|||| |Endowment
funds|||354,195| |Unrestricted
funds|]0|5,635,689|2,115,463| |||5,635,689|2,469,658| ## |||||||2021|2020| |---|---|---|---|---|---|---|---| ||||||Note||| |Net cash provided|used in|operating|activities||12|(75,599)|(103,344)| |Cash flows from|investing|activities:|||||| |Dividends
and interest from||investments||||51,423|55,706| |Proceeds from sale ofinvestments||||||2,502,183|2,032,794| |Purchase ofinvestments||||||974|(1,983,503)| |Foreign exchange|trading gain/(loss)|||||4,989|(9,119)| |Net cash provided|by investing
activities|||||2,559,569|95,878| |Change
in cash at|bank and|in hand in|the reporting|period||2,483,970|(7,466)| |Cash at bank and|in hand at|6 April||||171,243|178,709| |Cash at bank and|in hand at|5 April||||2,655,213|171,243| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |INCOME FROM INVESTMENTS|INCOME FROM INVESTMENTS|INCOME FROM INVESTMENTS|INCOME FROM INVESTMENTS|INCOME FROM INVESTMENTS||2021|2020| |---|---|---|---|---|---|---|---| |Dividends
received||||||51,423|55,567| |Bank interest received|||||||138| |||||||51,423|55,705| |NET INCOME
FOR THE|||YEAR|||2021|2020| |Net income is stated after||charging:|||||| |Governance
costs:|||||||| |Independent
audit fee
Legal and professional|fees|||||3,480
5,960|3,396
8,433| |||||||9,440|11,829| |CHARITABLE ACTIVITIES||||||2021|2020| |GRANT EXPENDITURE|||||||| |Addenbrooke's
Charitable||Trust|||||250| |Ashmolean
Museum|||||||2,000| |British Friends ofthe Art||Museums|||of Israel|1,000|6,000| |Blue Marine Foundation|||||||250| |British Ski and Snowboard|||National||Foundation||10,500| |Cancer Research||||||200|| |Central
Synagogue||||||250|3,245| |Chichester
Festival Theatre||||||500|| |Countryside
Alliance|||||||200| |Cry in the Dark|||||||500| |CST|||||||1,000| |DALAID||||||5,000|| |DLD College|||||||500| |Fondation
Paralysie
Cerebrale|||||||4,369| |Fondation
Princess Charlene||||de Monaco||462|| |Friends ofthe South Downs||||||35|| |Grange Park Opera|||||||250| |Hyde Tennis Club||||||500|| |Imperial
I-lealth Charity|||||||250| |Ladies Ski Club|||||||100| |Landaid||||||250|| |Total carried forward||||||8,197|29,414| ||||||||Page 14| ## |he|year ended 5 April 2021|year ended 5 April 2021|year ended 5 April 2021||| |---|---|---|---|---|---| |6.|CHARITABLE ACTIVITIES (continued)|||2021|2020| ||Total brought
forward|||8,197|29,414| ||London Musical Theatre|Orchestra||5,000|| ||Motor Neurone
Disease|MND|||500| ||National
Arts Collection|Fund||2,112|| ||National
Trust||||20,957| ||Normandy
Memorial||||500| ||Royal Institute ofGreat Britain
Royal Society of Literature|||665|7,561
5,000| ||StGeorge's Hospital|||90|| ||South Downs Society||||35| ||Tennis and Rackets Association||||300| ||The Art Fund||||2,113| ||The Children's
Trust||||8,500| ||The Crescent Trust|||5,000|| ||The Design Museum|||4,600|4,600| ||The Garden
Museum|||5,000|| ||The Gold Standard
Charitable||Trust|2,500|| ||The Henry Jackson Society
United Synagogue
War Memorials
Trust|||25,000
4,418|1,432
500| ||Weizmann
UK||||2,000| ||Winston's
Wish||||125| |||||62,582|83,537| |GOVERNANCE
COSTS||| |---|---|---| |Independent
audit fee
Legal and professional
fees|3,480
5,960|3,396
8,433| ||9,440|11,829| |TOTAL CHARITABLE ACTIVITIES|72,022|95,366| ## |or th|e year ended 5 April 2021|e year ended 5 April 2021|||| |---|---|---|---|---|---| |7.|FIXEDASSET INVESTMENTS|||2021|2020| ||Market value at 6 April|||2,305,4]2|2,801,299| ||Donation
received ofsecurities|||2,500,461|| ||Add additions
at cost|||(974)|1,983,503| ||Less disposals
at canying|value||(2,502,183)|(2„032,793)| ||Net gain on disposals|||1,722|58,669| ||Net gain/(loss)
on revaluation|||679,638|(505,266)| |||||2,984,076|2,305,412| ||Historical cost at 5 April|||2,801,423|2,802,397| |8.|CREDITORS —Amounts|falling due within|one year|202]|2020| ||Accruals|||3,600|6,997| ## |||At 6 April|Reclassification|At 5 April| |---|---|---|---|---| |||2020|to unrestricted|2021| ||||funds|| |Expendable|Endowment|354,195|(354,195)|| |||At 6 April|Investment|At 5 April| |||20]9|losses|2020| |Expendable|Endowment|441,459|(87,264)|354,195| ## ## ||At 6 April|Income|Expenditure|Investment|Reclassiftcation||At 5 April| |---|---|---|---|---|---|---|---| ||2020|||gains|from||2021| ||||||Endowment|K|| |Unrestricted|2,115,463|2,55],884|(72,202)|686,349|354,195||5,635,689| |funds|||||||| ||At 6 April|Income|Expenditure|Investment|Reclassification||At 5 April| ||2019|||losses|fiom||2020| ||||||Endowment|f.|| |Unrestricted|2,537,449|55,705|(109,241)|(368,450)|||2,115,463| |funds|||||||| |FUND|BALANC|ES|||||||| |---|---|---|---|---|---|---|---|---|---| ||||||||Unrestricted|Endowment|Total| ||||||||Funds|Fund|Funds| |Fund|balances|at|5|April|2021|are|||| |represented
by:|||||||||| |Fixed Assets|||||||2,984,076||2,984,076| |Current|assets||||||2,655,213||2,655,213| |Current|liabilities||||||(3,600)||(3,600)| ||||||||5,635,689||5,635,689| |Fund|balances|at|5|April|2020|are|||| |represented
by:|||||||||| |Fixed Assets|||||||1,951,217|354,195|2,305,412| |Cun ent assets|||||||171,243||171,243| |Current|liabilities||||||(6,997)||(6,997)| ||||||||2,115,463|354,195|2,469,658| ## ## |]2.|RECONCILIATION
OF NET INCOME TO NET CASH FROM|2021|2020| |---|---|---|---| ||OPERATING ACTIVITIES||| ||Net income/(expenses)
for the year|3,166,030|(509,250)| ||Adjustments
for:||| ||Donation
received ofsecurities|(2,500,461)|| ||(Gains)/Losses
on investments|(686,349)|455,714| ||Dividends
from investments|(51,423)|(55,705)| ||Decrease in debtors||2,500| ||(Decrease)/increase
in creditors|(3,396)|3,397| |||(75,599)|(103,344)|