2022-03-31-accounts - The Linder Foundation

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Official Name:	Official Name:		The Linder Foundation	The Linder Foundation
Registered	Charity	Number:	267509
Principal Address:			6Trull Farm Buildings
			Tetbury
			Gloucestershire
			GL8 8SQ
Trustees:			Jonathan G Fountain		(Chair)
			Michael J C Butler
			Jack E Ladeveze
			Audrey A Ladeveze
			Carole A E Cook
			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
Investment	Managers:		Sarasin 8 Partners	LLP
			Juxon House
			100St Paul's Churchyard
			London
			EC4M 8BU
Auditor:			Stephen Jones FCA FCCA
			REJones8 Co
			132Burnt Ash Road
			Lee
			London
			SE128PU

			Income	Capital Fund	2022	2021
			Fund
			E
Income and endowments		from
Donations and legacies
Investments			495,562	139,034	634,596	654,481
Total			495,562	139,034	634,596	654,48'I
Expenditure on
Raising funds
Charitable activities				88,785	88,785	89,965
Donations			493,741		493,741	1,037,556
Costs			34,396		34,396	62,666
Other expenditure
Total			528,137	88,785	616,922	1,190,187
Net (expenditure}	Iincome	before	(32,575)	50,249	17,674	(535,706}
investment gains
Net gains on investments				386,165	386,165	3,287,990
Net (expenditure)	Iincome		(32,575)	436,414	403,839	2,752,284
Other recognised	gains Ilosses
Net losses on currency exchange						(24,437}
Net movement in	funds		(32,575)	436,414	403,839	2,727,847
Total Funds at 1 Aprii 2021				18,066,685	18,066,685	15,338,838
Transfer from Capital to Income Fund			32,575	(32,575}
Total Funds at 31	March 2022			18470 524	18470 524	18066685

2	Donations										2022f	2021
	Donations received
											Total
3	Investment income						Income Fund f			Capital Fund f	2022f	2021 f
	Quoted investments							495,525			495,525	535,770
	Bank interest and interest on cash held					as part	of listed
	investment portfolio							37			37	898
	Investment Manager		fee rebates							139,034	139,034	117,813
								495,562		139,034	634,596	654,481
											2022	2021
4	Raising Funds
	Investment managers			fees							88,785	89,965
5	Charitable activities										Total	Total
	Donations:						Income Fund f			Capital Fund f.	2022f	2021
	Electives & Hardship			Grants (note 6(a))				56,000			56,000	(33,245)
	General Charitable	Causes (note 6 (b))						437,741			437,741	1,070,801
	Total Donations							493,741			493,741	1,037,556
	Costs:
	Grant administration		costs (note 7)					31,796			31,?96	59,966
	Governance costs -	Audit fees (note 7)						2,600			2,600	2,700
								34,396			34,396	62,666
								528,137			528,137	1,100,222
6	Grants paid or payable										2022f	2021f
	(a) Elective &Hardship				Grants to University		Medical Schools
	Glasgow University										8,000	(9,720)
	Imperial College										8,000	(10,100)
	Kings College										8,000	(2,000)
	Oxford University										8,000	(1,425)
	Queen Mary University			of London, Barts and The London				School	of	Medicine and
	Dentistry										8,000
	Sheffield University										8,000
	Swansea University										8,000	(10,000)
	Elective & Hardship		Grants paid during			the year	(Note 5)				56,000	(33,245)
	(b) General Charitable				Causes
	Action for Kids Charitable				Trust							6,729
	Action Medical Research											15,000
	AIPFF (Access Sport)										10,000
	Anne Robson Trust										10,000	20,000
	Beatrix Potter Society										16,000
	Carried forward										36,000	41,729

Grants paid or payable (continued)	Grants paid or payable (continued)	Grants paid or payable (continued)				2022	2021
						E	f
(b) General Charitable Causes
Brought forward						38,000	41,729
Benedetti Foundation							10,000
Bethany Christian Trust							1Q,OOO
Brain Tumour Charity							10,000
Bristol University Covid 19Appeal							1Q,OOO
British Heart Foundation							20,000
Cherry Trees Respite Home							10,000
Crohn's &Colitis UK							11,150
David Shepherd Wildlife Foundation							3,300
Dementia Support						10,000
Douglas Macmillan Hospice						10,000
East & North Herts Hospital's		Charity					10,000
Ellenor						4,900
Fields in Trust						20,000	15,000
Game &Conservation Trust						21,500	19,864
Herts & Middlesex Wildlife Trust							12,690
Isabel Hospice							17,520
Katherine House Hospice						3,510
Key4Life						20,0DD
Kingfisher's Bridge Wetland	Creation					7,500	20,000
LEAF (Linking Environment	and Farming)					20,0DD
Leeds Beckett University							26,500
Lennox Children's Cancer Fund							5,000
Linking Environment & Farming							20,000
Longfield Hospice Care						10,000	20,000
Mail Force Charity							5QO,OOO
National Children's Orchestra						55,000	27,500
National Children's Orchestras		itain ofGreat Br					60,000
Neuromuscular Centre							10,000
Northampton Community Foundation			Food		for Heroes		2,000
Ormiston Families							20,000
Oxford Foundation for Al Research						5,000
People Potential Possibilities						16,000
Phyllis Tuckwell Hospice							9,500
Purcell School ofYoung Musicians							5,000
Royal College ofSurgeons -	Bristol Univer			sity Chair		50,000	50,000
Royal Drawing School							15,000
Royal Hospital for Neuro-Disability							30,000
Royal Trinity Hospice						10,000
StChristopher's Hospice						10,000
StClare Hospice						10,000
StJoseph's Hospice						10,000
St Michael's Hospice						6,551
Schoolreaders							10,000
Sheffield & Rotherham Wildlife		Trust					5,000
Stand Out Northants						10,000
Stoke Mandeville Spinal Research							5,000
Surrey Care Trust							6,048
The Crysalys Foundation						23,730
The Egg Appeal, Royal Theatre, Bath						1D,DDD
The Wildlife Trust for Beds, Cambs,			North	ants		10,850
Victoria &Albert Museum						32,200	19,000
Volunteering Matters						5,000
Wakefield Hospice						10,000
Westmoreland Red Squirrel	Society						1,000
Youth on the Move							3,000
Total Donations to General Causes (Note				5)		437,741	1,070,801
						493,741	1,037,556

7	Support costs										2022f	2021 f
	Professional fees										21,196	40,724
	Audit fees										2,600	2,700
	Website										1,555	4,280
	Database											3,133
	Other										3,610	1,994
	Irrecoverable Vat										5,435	9,835
											34300	02 M6
8	Investments
{a)	Investments: Quoted		Investments
								2022			2021
								f
	Market value at 1 April		2021						1?,961,144			14,313,709
	Acquisition cost in the		year				50,044				2,629,923
	Proceeds from disposals in the year								50,044		{2,270,478)	359,445
	Realised losses on disposals										{35,158)
	Movement in unrealised		valuation				386,165				3,323,148
									3&6,165			3,287,990
	Market value at 31 March 2022								18,397,353			17,961,144
	Cash held within the	investment		portfolio						25		9
	Total value of portfolio		at 31 March		2022				1$,397,370			17,961,153
	Quoted investments	are analysed		as follows:
	Sarasin Endowments	Fund							18,397,353			17,961,144
									'I8,397,303			17,061,144
	Historical cost at 31	March 2022							15,947,120			15,0!I7,060
{b)	At 31 March 2022 all	ofthe investments				were held	in the Sarasin	Endowments		Fund - Class A Inc. None ofthe
	individual investments		represented		more	than 5%	ofthe portfolio's	total	market	value	{2021:none)
9	Debtors										2022f	2021 f
	Prepayments and accrued income										276	323
	Accrued dividends										33,783	33,339
											34059	33062

							2022	2021
10	Creditors: amounts	falling due within			one year		E	f
	Investment management		fees				21,640	21,455
	Trust administration	fees					3,544	4,709
	Accountancy fees						4,885	5,776
	Auditor fees						3,120	3,000
							33189	34,940
11	Reconciliation of net movement			in funds to net cash flow from operating			activities
							2022	2021
	Net movement in funds for the reporting				period	(as per the		F.
	statement offinancial	activities)					17,674	(535,706)
	Adjustments for:
	Interest						(37)	(898)
	Investment income						(495,525)	(535,770)
	Investment Manager	fee	rebates				(139,034}	(117,813)
	Increase in Debtors						(397)	(10,176)
	(Decrease) IIncrease in Creditors Net cash used in operating activities						(1,751) )9)9,070)	63 ~1,200,300)
12	Reconciliation of net cash flow to movement					in net funds	2022	2021
							E	E
	Balance at 1 April 2021 Net cash outflow						108,819 ~34,818)	1,036,520 (929,701)
	Balance at 31 March	2022					72,301	106,819
13	Analysis ofcash and cash equivalents						2022	2021
							E	f
	Cash held by Investment		Managers				25	9
	Cash at bank and in	hand					72,276	106,810
							72,301	106,819