2022-04-05-accounts

CONTENTS				PAGE
General Information
Trustees' Report				3-6
Auditors' Report				6-8
Statement ofFinancial	Activities
Balance Sheet				10
Statement ofCash Flows
Notes to the Financial	Statements			12 - 17
Schedule ofCash Charitable		Donations	Paid	18

SETTLOR	Lord Gavron CBE(Deceased)	Lord Gavron CBE(Deceased)
DEEDS	Settlement dated 31stJuly 1974
REGISTERED
CHARITY NO.	268535
REGISTERED	27 Maywin Drive
ADDRESS	Hornchurch
	Essex
	RlvH1 3ST
TRUSTEES	Dr Katharine Susan Gavron (Chair)
	Charles Leonard Corman (Deceased		11th September 2022)
	Jessica Leah Gavron
	Sarah Gavron
MAIN TERMS	The trustees are directed to hold the		capital and income ofthe trust fund for such charitable			institutions
	or charitable purposes	as the trustees	shall from time to time in their absolute discretion		determine.
INVESTMENT
POWERS	The trustees have very	wide investment		powers.
BANKERS	Handelsbanken
	2nd Floor, High Hill House
	6A Hampstead High Street
	London, NW3 IPR
HONORARY	Dechert LLP
SOLICITORS	160Queen Victoria Street
	London EC4V 4QQ
FUND	Schroder &Co Limited
MANAGERS	12 Moorgate
	London
	EC2R 6DA
	Ruffer LLP
	80 Victoria Street
	London
	SWIE 5JL
AUDITORS	Prentis & Co LLP
	Chartered Accountants	& Statutory	Auditors
	115cMilton Road
	Cambridge
	CB4 IXE

				2022	2021
				Unrestricted	Unrestricted
			Note	8
INCOME
Donations			11	1,559,376
Investment income			2	87,814	104,206
TOTAL INCOME				1,647,190	104,206
EXPENDITURE
Cost ofraising funds;
Investment management	costs			30,676	27,]16
Expenditure on charitable	activities			633,358	417,687
TOTAL EXPENDITURE				664,034	444,803
NET INCOME/(EXPENDITURE)		BEFORE
GAINS ON INVESTMENTS				983,156	(340,597)
Net gains on investments				527,534	1,945,373
NET MOVEMENT IN FUNDS				1,510,690	1,604,776
RECONCILIATION OF FUNDS
Total funds brought forward				8,926,537	7,321,761
Total funds carried forward				10,437,227	8,926,537

BALANCE SHEET
	Note	2022	2021
FIXEDASSETS
Investments		9,904,396		8,865,711
CURRENT ASSETS
Cash		690,300	128,467
Debtors and prepayments		46,500	4,203
TOTAL CURRENT ASSETS		736,800	132,670
LIABILITIES
Creditors: falling due within
one year	10	(128,969)	(51,844)
NET CURRENT ASSETS		607,831		80,826
Total assets less current liabilities		10,512,227		8,946,537
Creditors: falling due after one year	10	(75,000)		(20,000)
TOTAL NET ASSETS		10,437,227		8,926,537
THE FUNDS OF THE CHARITY
Unrestricted Funds	12	10,437,227		8,926,537

			2022	2021
		Note	Total	Total
Net cash used in operating	activities	13	985,170	(483,994)
Cash flows from investing	activities:
Interest and dividends Net (purchase)/sale ofinvestments			87,814 (511,151)	104,206 66,489
Net cash provided by investing activities			(423,337)	170,695
Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning			561,833	(313,299)
ofthe reporting period			128,467	441,766
Cash and cash equivalents at	the	13
end ofthe reporting period			690,300	128,467

INVESTMKNTINCOME
			Total
Year ended 5th April 2022	UK	Non-UK	2022
Equities	33,094	27,678	60,772
Fixed interest	21,125	5,881	27,006
Interest &om stockbroker	36		36
	54,255	33,559	87,814
INVESTMKNT INCOME			Total
Year ended 5th April 2021		Non-UK	2021
Equities Fixed interest	29,472 24,336	45,923 4,475	75,395 28,811
	53,808	50,398	104,206

CHARITABLE ACTIVITIES	CHARITABLE ACTIVITIES						Supportand
Year ended 5th April 2022						Charitable	Governance	Total
						Activities	Costs	2022
								f
Donations (note 4)						583,380		583,380
Staffcosts (note 6)							41,219	41,219
Stationery costs							284	284
Bank charges							549	549
Bookkeeping and payroll							4,074	4,074
Audit and accountancy fees							3,852	3,852
						583,380	49,978	633,358
CHARITABLE ACTIVITIES							Supportand
Year ended 5th April	2021					Charitable	Governance	Total
						Activities	Costs	2021
Donations (note 4)						367,990		367,990
Staff costs (note 6)							41,227	41,227
Stationery costs							462	462
Bank charges							520	520
Exchange rate losses							4	4
Bookkeeping and payroll							3,982	3,982
Audit and accountancy fees							3,502	3,502
						367,990	49,697	417,687
CHARITABLE DONATIONS		PAYABLE					2022	2021
Total cash donations	paid during	the	year (see page 18)				451,463	402,990
Donations paid during	the year that were included				in the previous
year's provisions							(41,000)	(53,000)
Total net current year	cash donations		paid				410,463	349,990
Additional donations	committed	to be paid		within	one year		97,917	18,000
Additional donations	committed	to be paid		after one year			75,000
Total donations charged to the Unrestricted				Income Account			583,380	367,990
NET DEFICIT FOR THE YEAR							2022	2021
The net deficit for the	year is arrived		at aiter charging:
Audit fee Fees paid to Auditors	for other services						2,030 5,896	1,900 5,584

INVESTMENTS		2022	2021
Market value at 6th April 2021		8,865,711	6,986,827
Additions		2,716,249	3,308,800
Disposals Net unrealised gains		(2,205,098) 427,227	(3,375,829) 1,200,156
Net realised gains		100,307	745,217
Market value at 5th Apri!2022		9,904,396	8,865,171
Historical cost at 5th April 2022		8,781,936	7,916,056
Investments at fair value comprise:			Total
Year ended 5th April 2022	UK	Non UK	2022
Equities Fixed interest	3,210,585 253,883	5,916,727 523,201	9,127,312 777,084
	3,464,468	6,439,928	9,904,396
Investments at fair value comprise.			Total
Year ended 5th April 2021	UK	Non UK	2021
Equities Fixed interest Unlisted investments	2,421,425 658,773 56,000	5,347,714 381,799	7,769,139 1,040,572 56,000
	3,136,198	5,729,513	8,865,711

CASH				2022	202]
Bank accounts				110,094	58,930
Fund managers'	accounts			580,206	69,537
				690,300	128,467
DEBTORS AND PREPAYMENTS				2022	2021
(All due within	one year)			f
Prepayrnents and accrued income				46,500	4,203
CREDITORS		2022		2021
		Due within	Due after	Due within	Due after
		one year	one year	one year	one year
		f.	6	8
Charitable donations		122,917	75,000	46,000	20,000
Accruals		4,400		4,]92
Social security	and pension	1,652		1,652
		128,969	75,000	51,844	20,000

ANALYSIS	OF CHARITABLE FUNDS	2022	2021
		Unrestricted	Unrestricted
		General	General
Balance b/fwd	6 April 2021	8,926,537	7,321,761
Income		1,647,190	104,206
Expenditure		(664,034)	(444,803)
Gains on investments		527,534	1,945,373
Balance c/fwd	5 April 2022	10,437,227	8,926,537

ACTIVITIES
		2022	2021
		8
N et movement in funds		1,510,690	1,604,776
Adjustments for:
Dividends and interest from investments		(87,814)	(104,206)
Gains on investments		(527,534)	(1,945,373)
Increase in debtors		(42,297)	(4,203)
Increase/(decrease)	in creditors	132,125	(34,988)
		985,170	(483,994)
ANALYSIS OF CASH AND CASH EQUIVALENTS
		2022	2021
Cash at bank		690,300	128,467

SCHEDULE OF CAS	H CH	AR%AB	LE DONATIONS OFf3,000AND ABOVE
999Club				3,000
Acland Burghley School				10,000
Amb Israel Children's	Tennis	Charity	(Freddie Krivine Foundation)	36,787
Arnott Cato Foundation				7,200
Arts for All				4,000
BalletBoyz				25,000
Body Dysmorphic Disorder Foundation				3,000
Communigrow				3,000
Disasters Emergency	Committee			10,000
Families United Netwodt				5,000
Fight Against Blindness				3,000
Flynne's Barn				10,000
Get Out				10,000
Heathrow Special Needs				4,000
Highgate International	Chamber Music Festival			10,000
House ofIllustration				50,000
Imperial War Museum				20,000
Jackson's Lane Centre				30,000
Keen London				5,000
Leonard Seiner Legal	Education Foundation			5,000
Live United				5,000
Luberon Nature				8,821
Margaret Carey Foundation				5,000
Mary Rose Trust				10,000
Morpeth School				60,000
Museum ofthe Home				3,000
Not Beyond Redemption				5,000
Open Democracy				25,000
Orchid				5,000
Para Dance				5,000
Prisoners Education Trust				5,000
Project Harar				3,000
StAnza				5,000
Special Educational Needs Fatnilies			Support Group	3,400
Support Through Court				3,000
The Hardman Trust				5,000
The Longford Trust				3,000
The Spires Centre				5,000
University Jewish Chaplaincy				5,000
Young Musicians Symphony Orchestra (YMSO) Total ofall donations less than f3,000				4,000 24,255
Total donations made	during	the year (note 4)		451,463