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|Official Name:|Official Name:||The Linder Foundation|The Linder Foundation||
|---|---|---|---|---|---|
|Registered|Charity|Number:|267509|||
|Principal Address:|||6 Trull Farm Buildings|||
||||Tetbury|||
||||Gloucestershire|||
||||GLS SSQ|||
|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|||
||||GLS SSQ|||
|Bankers:|||CAF Bank|||
||||25 Kings
Hill Avenue|||
||||Kings
Hill, West Mailing|||
||||Kent|||
||||ME19 4TA|||
|Investment|Managers:||Sarasin
& Partners|LLP||
||||Juxon House|||
||||100St Paul's Churchyard|||
||||London|||
||||EC4M SBU|||
|Auditor:|||Darren Smart FCA FCCA|||
||||R EJones 8 Co|||
||||132 Burnt Ash Road|||
||||Lee|||
||||London|||
||||SE12SPU|||
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|Cate o|Number ofGrants|Total Granted
E|
|---|---|---|
|Medical Research||71,990|
|Hos ices||75,000|
|Youn
Peo
le||82,784|
|Environment||77,332|
|Arts||116,000|
|Medical Electives||24,000|
|Total for the six cate ories|24|447,106|
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|||||Notes|Income|Capital Fund|2023|2022|
|---|---|---|---|---|---|---|---|---|
||||||Fund|||Restated|
||||||||E||
|Income and endowments|||from||||||
|Investments|||||497,937||497,937|495,562|
|Total|||||497,937||497937|495562|
|Expenditure|on||||||||
|Raising funds|||||||||
|Charitable
activities||||||83,930|83,930|88,785|
|Donations|||||447,106||447,106|493,741|
|Costs|||||34,963||34,963|34,396|
|Total|||||482,069|83,930|565,999|616,922|
|Net income before||investment|||15,868|(83,930)|(68,062)|(121,361)|
|(losses)
/ gains|||||||||
|Net (losses) /|gains|on investments||||(1,104,536)|(1,104,536)|386,165|
|Net income
/|(expenditure)||||15,868|(1,188,466)|(1,172,598)|264,805|
|Other recognised||gains|||||||
|Other realised|gains|||||129,937|129,937|139,034|
|Net movement|in funds||||15,868|(1,058,529)|(1,042,661)|403,839|
|Total Funds at 1 April 2022||||||18,470,524|18,470,524|18,066,685|
|Transfer from|Capital to Income Fund||||||||
|Total Funds at 31 March 2023|||||15868|17411995|17427 863|18479 524|
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||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|
||||||||Unrestricted|Unrestricted|
|||||||Note|Funds|Funds|
|||||||||Restated|
|||||||||F|
|Cash used in operating||activities||||10|~563,430|619,070|
|Cash flows from investing|||activities:||||||
|Interest received|||||||395|37|
|Investment|income received||||||497,542|495,525|
|Payments|to acquire investments|||||||(50,044)|
|Net cash|provided
by investing|||activities|||627,874|584,552|
|Change
in|cash and cash|equivalents|||in the|year|64,404|(34,518)|
|Cash brought
forward|||||||72,301|106,819|
|Cash carried forward||||||12|136,705|72,301|
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||||||||||||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|
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|5|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|
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|||||||||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|
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|||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|
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