2021-03-31-accounts - The Linder Foundation

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Administrative	Administrative
Official Name:		The Linder Foundation
Registered	Charity Number:	267509
Principal Address:		6 Trull Farm Buildings
		Tetbury
		Gloucestershire
		GL8 8SQ
Trustees:		Jonathan G Fountain		(Chair)
		Michael JC Butter
		Jack E Ladeveze
		Audrey A Ladeveze
		Carole A ECook
		Henrietta L Buxton
		Amanda C Smith
Clerk to Trustees:		Elizabeth Fathi
		The Trust Partnership
		6 Trull Farm Buildings
		Tetbury
		Gloucestershire
		GL8 8SQ
Bankers:		CAF Bank
		25 Kings Hill Avenue
		Kings Hill, West Mailing
		Kent
		ME194TA
		NatWest Bank pic (to 1 December 2020) 78 Finsbury Pavement
		London
		EC2A 1JA
Investment	Managers:	Sarasin &Partners	LLP
		Juxon House
		100StPaul's Churchyard
		London
		EC4M 8BU
Auditor:		Stephen Jones FCA FCCA
		REJones8 Co
		132Burnt Ash Road
		Lee
		London
		SE128PU

			income	Capital Fund	2021	2020
			Fund
			E	6
Income and endowments		from
Donations and iegacies						50
Investments			536,668	117,813	654,481	504,921
Total			536,66&	117,813	654,481	504,971
Expenditure on
Raising funds
Charitable activities				89,965	89,965	101,391
Donations			537,556	500,000	1,037,556	457,500
Costs			62,666		62,666	31,521
Other expenditure
Total			600,222	589,965	1,190,187	590,412
Net (expenditure)	before		(63,554)	(472,152)	(535,706)	. (85,441)
investment gains/(losses)
Net gains/(losses)	on investments			3,287,990	3,287,990	(539,598)
Net (expenditure)/income			(63,554)	2,815,838	2,752,284	(625,039)
Other recognised	gainsllosses
Net losses on currency exchange				(24,437)	(24,437)	(231,644)
Net movement in	funds		(63,554)	2,791,401	2,?27,847	(856,683)
Total Funds at 1 April 2020			15,950	15,322,888	15,338,838	16,195,521
Transfer from Capital Fund		to Income Fund	47,604	(47,604)
Total Funds at31	March 2021			10066685	10066605	15338038

			2021	2020
			Unrestricted	Unrestricted
		Note	Funds	Funds
Cash used in operating activities			(1,200,300)	(568,407)
Cash flows from investing activities:
Interest received Investment income received			898 535,770	3,440 501,481
Investment Manager fee rebates			117,813
Foreign exchange loss Payments to acquire investments Receipts from the disposai ofInvestments Net cash provided by investing activities			(24,437) (2,629,923) 2,270,478 270,599	(231,644) (3,950,008) 4,822,060 1,145,329
Change in cash and cash equivalents	in the	year	(929,701)	576,922
Cash brought forward			1,036,520	459,598
Cash carried forward		13	106,819	1,036,520

						2021	2020
2	Donations						E
	Donations received						50
						Total
				Income Fund	Capital Fund	2021	2020
3	Investment income			6		6	E
	Quoted investments			536,770		535,770	501,481
	Bank interest and interest on cash held as part			oflisted
	investment portfolio			898		898	3,440
	Investment Manager		fee rebates		117,813	117,813
				536,668	117,813	654,481	504,921
						2021	2020
4	Raising Funds						F
	Investment managers		fees			89,965	101,391
5	Charitable activities					Total	Total
				Income Fund	Capital Fund	2021	2020
	Donations:			6	6	6	E
	Electives &Hardship		Grants (note 6(a))	(33,245)		(33,245)	108,000
	General Charitable Causes (note 6(b))			570,801	500,000	1,070,801	349,500
	Total Donations			537,556	500,000	1,037,556	457,500
	Costs:
	Grant administration		costs (note 7)	59,966		59,966	29,521
	Governance costs -	Audit fees (note 7)		2,700		2,700	2,000
				62,666		62,666	31,521
				600,222	500,000	1,100,222	489,021
6	Grants paid orpayable					2021	2020
						6	9
	(a)Elective &Hardship Grants to University			Medical Schools
	Glasgow University					(9,720)	10,000
	Imperial College					(10,100)	35,000
	Kings College					(2,000)	8,000
	Oxford University					(1,425)	12,500
	Queen Mary &Westfield						20,000
	SheSeld University						12,500
	Swansea University					(10,000)	10,000
	Elective &Hardship	Grants paid during the year		(Note 5)		(33,245)	108,000
	(b) General Charitable Causes
	Action for Kids Charitable Trust					6,729
	Action Medical Research					15,000
	Anne Robson Trust					20,000
	Beatrix Potter Society						8,000
	Carried forward					41,729	8,000

Grants paid or payable (continued)	Grants paid or payable (continued)	Grants paid or payable (continued)			2021	2020
					E	E
(b) General Charitable Causes
Brought forward					41,729	8,000
Benedetti Foundation					10,000
Bethany Christian Trust					10,000
Brain Tumour Charity					10,000
Bristol University Covid 19Appeal					10,000
British Heart Foundation					20,000
Cherry Trees Respite Home					10,000	10,000
Crohn's 8 Colitis UK					11,150
David Shepherd Wildlife Foundation					3,300
Debra						10,000
East & North Herts Hospital's	Charity				10,000
Fields in Trust					15,000
Game &Conservation Trust					19,864
Helen& Douglas House						9,00Q
Herts &Middlesex Wildlife Trust					12,690
Isabel Hospice					17,520
Kingfisher's Bridge Wetland	Creation				20,000
Leeds Beckett University					26,500
Lennox Children's Cancer Fund					5,000
Linking Environment &Farming					20,000
Longfield Hospice Care					20,000
Mail Force Charity					500,000
Medicin Sans Frontiers						30,000
National Children's Orchestra					27,500	25,000
National Children's Orchestras		ofGreat Britain			60,000	50,000
Neuromuscular Centre					10,000	10,000
Northampton Community Foundation			Food for	Heroes	2,000
Ormiston Families					20,000
Phyllis Tuckweli Hospice					9,500	9,500
Purcell School ofYoung Musicians					5,000
Royal College ofSurgeons -	Bristol University			Chair	50,000	50,000
Royal College ofSurgeons -	Fellowships					50,000
Royal Drawing School					15,000
Royal Hospital for Neuro-Disability					30,000
Royal United Hospital, Bath - Forever			Friends	Cancer Care Campaign		10,000
StChristopher's Hospice						15,000
Schoolreaders					10,000
Shefiield 8 Rotherham Wildlife Trust					5,000
Stoke Mandeville Spinal Research					5,000
Surrey Care Trust					6,048
The Egg Appeal, Royal Theatre,		Bath				10,000
Thomage (TIL)						20,000
Victoria &Albert Museum					19,000	33,000
Westmoreland Red Squirrel Society					1,000
Youth on the Move					3,000
Total Donations to General Causes (Note 5)					1,070,801	349,500
					1,037,556	457,500

							2021	2020
7	Support costs						E	E
	Professional fees						40,724	23,525
	Audit fees						2,700	2,000
	Website						4,280
	Database						3133
	Other						1,994	891
	Irrecoverable Vat						9,835	5,105
							62666	31821
8	Investments
(a)	Investments: Listed on		a recognised Stock Exchange
					2021		2020
							E
	Market value at 1 April	2020				14,313,709		15,725,359
	Acquisition cost in the year				2,629,923		3;950,008
	Proceeds from disposals		in the year		(2,270,478)	359,445	(4,822,060)	(872,052)
	Realised (losses) Igains		on disposals		(35,158)		500,673
	Movement in unrealised		valuation		3,323,148		(1,040,271)
						3,287,990		(539,596)
	Market value at 31 March 2021					17,961,144		14,313,709
	Cash held within the investment			portfolio		9		972,604
	Total value ofportfolio	at	31 March 2021			17,961,103		15,286,313
	Listed investments are	analysed		as follows:
	UK investments listed on		a recognised stock		exchange			4,407,594
	Overseas investments	listed on a recognised			stock exchange			7,620,046
	UK Treasury							998,831
	Other Fixed Interest							1,287,238
	Sarasin Endowments Fund					17,961,144
						17,961,144		14,313,709
	Historical cost at 31 March 2021					16,897,060		13,229,654

						2021	2020
10	Creditors: amounts falling due within			one year		6	E
	Investment management	fees				21,455	25,877
	Trust administration fees					4,709
	Accountancy fees					5,776	6,600
	Auditor fees					3,000	2,400
						34940	34,877
11	Reconciliation ofnet movement		in funds to net cash flow from operating			activities
						2021	2020
	Net movement in funds forthe reporting			period	(as per the	6	E
	statement offinancial activities)					(535,706)	(85,441)
	Adjustments for:
	Interest					(898)	(3,440)
	Investment income					(535,770)	(501,481)
	Investment Manager fee	rebates				(117,813)
	(Increase) IDecrease in	Debtors				(10,176)	19,527
	Increase in Creditors					63	2,428
	Net cash used in operating activities					~(1,200,300	(568,407(
12	Reconciliation ofnet cash flow to movement				in net funds	2021	2020
						E	E
	Balance at 1 April 2020					1,036,520	459,598
	Net cash (Outflow) /inflow					(929,701)	576,922
	Balance at 31 March 2021					100,010	1,080,520
13	Analysis ofcash and cash equivalents					2021	2020
						6	E
	Cash held by Investment	Managers				9	972,604
	Cash at bank and in hand					106,810	63,916
						106,819	1,036,520