2023-03-31-accounts - The Linder Foundation

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

											Total
							Income Fund			Capital Fund	2023	2022
												Restated
2	Investment income								E		E
	Quoted investments							497,542			497,542	495,525
	Bank interest and interest				on cash held as part		of listed
	investment porffolio							395			395	37
								497,937			497,937	495,562
	Investment Manager		fee rebates reinvested			into capital are treated				as realised gains.	Prior year figures,	which
	included these as a	return			on income, have	been restated		to reflect		this change.
											2023	2022
3	Raising Funds
	Investment managers		fees								83,930	88,785
4	Charitable activities										Total	Total
	Donations:						Income Fund E			Capital Fund	2023 E	2022f
	Electives 8 Hardship		Grants (note 5 (a))					24,000			24,000	56,000
	General Charitable	Causes			(note 5 (b))			423,106			423,106	437,741
	Total Donations							447,106			447,106	493,741
	Costs:
	Grant administration		costs		(note 6)			32,213			32.213	31,796
	Governance costs -	Audit fees (note 6)						2,750			2,750	2,600
								34,963			34,963	34,396
								482,069			482,069	528,137
5	Grants paid or payable										2023	2022
											E	F
	(a) Elective &Hardship			Grants to University			Nledical Schools
	Glasgow University											8,000
	Imperial College										8,000	8,000
	Kings College											8,000
	Oxford University											8,000
	Queen Mary University			of London, Barts and The London				School	of	Medicine and
	Dentistry										8,000	8,000
	Sheffield University											8,000
	Swansea University										8,000	8,000
	Elective & Hardship	Grants			paid during the year		(Note 4)				24,000	56,000
	(b) General Charitable			Causes
	AIPFF (Access Sport)											10,000
	Anne Robson Trust											10,000
	British Trust For Ornithology										13,443
	Beatrix Potter Society										10,000	16,000
	Carried forward										23,443	36,000

Grants paid or payable	(continued)	(continued)	(continued)	(continued)		2023	2022
(b) General Charitable	Causes
Brought forward						23,443	36,000
Crysalys Foundation						18,420
Cystic Fibrosis Trust						7,000
Dementia Support							10,000
Douglas Macmillan Hospice							10,000
Durham Wildlife Trust						10,000
Earthwatch Europe						8,583
Ellenor							4,900
Fields in Trust						25,000	20,000
Game 8 Conservation Trust							21,500
Katherine House Hospice							3,510
Key4Life							20,000
Kidscan						5,000
Kingfisher's Bridge Wetland				Creation			7,500
Lambeth Elfrida Rathbone		Society				10,000
LEAF (Linking Environment			and Farming)				20,000
Longfield Hospice Care							10,000
National Children's Orchestra						55,000	55,000
Oxford Foundation for Al	Research						5,000
P3 Charity						16,700
People Potential Possibilities							16,000
Royal College ofSurgeons		-		Bristol University	Chair	50,000	50,000
Royal Trinity Hospice							10,000
RSPB						19,306
St Christopher's Hospice							10,000
St Clare Hospice							10,000
StJoseph's Hospice							10,000
St Michael's Hospice							6,551
Safe Foundation						10,000
Stand Out Northants						21,664	10,000
Surrey Care Trust						6,000
The Crysalys Foundation							23,730
The Egg Appeal, Royal Theatre, Bath						10,000	10,000
The Wildlife Trust for Beds,			Cambs, Northants				10,850
UK Hospice						75,000
University of Bristol Heart Research						9,990
Victoria &Albert Museum						41,000	32,200
Volunteering Matters							5,000
Wakefield Hospice							10,000
Westmoreland Red Squirrel				Society		1,000
Total Donations to General			Causes (Note 4)			423,106	437,741
						447,106	493,741

								2023	2022
6	Support costs							E	E
	Professional fees							23,694	21,196
	Audit fees							2,750	2,600
	Website							811	1,555
	Other							2,274	3,610
	Irrecoverable Vat							5,434	5,435
								34963	34396
7	Investments
(a)	Investments: Quoted investments
						2023		2022
						E		F	E
									Restated
	Market value at 1 April 2022						18,397,353		17,961,144
	Acquisition cost in	the year						50,044
	Proceeds from disposals			in the year					50,044
	Movement in unrealised			valuation			(1,104,536)		386,165
	Market value at 31	March 2023					17,292,817		18,397,353
	Cash held within the		investment		portfolio		46,808		25
	Total value of portfolio at			31 March 2023			17,339,625		18,397,378
	Quoted investments		are	analysed	as follows:
	Sarasin Endowments		Fund				17,292,817		18,397,353
							17,292,817		18,397,353
	Historical cost at 31		March 2023				15,994,276		15,947,120
(b)	Other recognised	gains		Ilosses
	Investment Manager		fee	rebates			129,937		139,034

		Notes to the financial statements	Notes to the financial statements	Notes to the financial statements	Notes to the financial statements	for the year ended 31	March 2023
							2023	2022
9	Creditors: amounts falling due within			one year			E
	Ihvestment management fees						20,727	21,640
	Trust administration	fees					4,670	3,544
	Accountancy fees						5,187	4,885
	Auditor fees						3,300	3,120
							33884	33,189
10	Reconciliation of	net movement	in funds to net cash flow from operating				activities
							2023	2022
								Restated
	Net movement in funds for the reporting			period	(as per	the		F
	statement offinancial activities)						(68,062)	(121,361)
	Adjustments for:
	Interest						(395)	(37)
	Investment income						(497,542)	(495,525)
	Decrease / (Increase) in Debtors						1,834	(397)
	Increase / (Decrease) in Creditors						695	(1,751)
	Net cash used in operating activities						(563,470)	(619,070)
11	Reconciliation of	net cash flow to movement			in net funds		2023	2022
							E	F
	Balance at 1 April	2022					72,301	106,819
	Net cash inflow / (oufflow)						64,404	(34,518)
	Balance at 31 March 2023						136,705	72,301
12	Analysis ofcash	and cash equivalents					2023	2022
							E
	Cash held by Investment Managers						46,808	25
	Cash at bank and	in hand					89,897	72,276
							136,705	72,301