|Administrative|Administrative|Information|||| |---|---|---|---|---|---| |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||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Notes|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| |6|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| ## ## ##