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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|||
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||||Notes|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|
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|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|
|6|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|
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|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|
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