2021-04-05-accounts

		Page
Trustee's Annual Report		1-4
Independent Examiner's	Report
Statement ofFinancial Activities
Balance Sheet
Schedule ofInvestments	and Income
Notes to the Financial Statements		9-13

				FORTHE Y	EAR ENDED	5 APRIL 2021
						2021	2021	2020
					Note	Unrestricted	Total	Prior year
						funds	funds	total funds
Income from:
Donations and	legacies					50,000	50,000
Investments						31,348	31,348	37,239
Total						81,348	81,348	37,239
Expenditure on:
Raising funds						1,260	1,260	1,257
Charitable activities						91,533	91,533	94,674
Total						92,793	92,793	95,931
Net income/(expenditure)						(11,445)	(11,445)	(58,692)
Other recognised		gains/(losses):
Gains/(losses)	on investment			assets		728,112	728,112	(381,239)
Net movement	in	funds				716,667	716,667	(439,931)
Reconciliation	offunds:
Total funds brought			forward		15	2,881,161	2,881,161	3,321,092
Total funds carried			forward			3,597,828	3,597,828	2,881,161

		T	HE DEMIGRYPHON TRU	ST
			BALANCE SHEET
			ASAT 5APRIL 2021
				Note	2021	2020
					Total	Prior year
					funds	funds
Fixed Assets:
Investments					3,480,792	2,752,680
Total Fixed Assets					3,480,792	2,752,680
Current Assets:
Cash at bank				12	135,294	144,556
Total Current	Assets				135,294	144,556
Liabilities:
Creditors: Amounts		falling due within	one year	13	(18,258)	(16,075)
Net Current Assets		or Liabilities			]17,036	128,481
Total Net Assets or		Liabilities			3,597,82S	2,881,161
The Funds of	the Charity:
Unrestricted funds				15	3,597,828	2,881,]61
Total Charity	Funds				3,597,828	2,881,161

	In the financial year to	In the financial year to	In the financial year to	5 April 2021	5 April 2021	5 April 2021	the Trustee	did not receive	any remuneration	any remuneration	or have its expenses	or have its expenses
	reimbursed		by the Charity.			Cowdray	Trust Limited charged administration			expenses off16432 [2020:
	614461].
4.	Donations	and legacies									2021	2020
	3rd Viscount		Cowdray	Charity Trust							50,000
											50,000
5,	Investment		income								2021	2020
	Income from investments										31,348	37,047
	Deposit interest											192
											31,348	37,239
6.	Expenditure		on raising		funds						2021	2020
	Investment	management			fees						1,260	1,257
											1,260	1,257
7,	Charitable		activities						Direct	Support
									costs		costs
								(see note 8)		(see	note 9)	Total
											g
	Charitable	expenditure							71,883		19,650	91,533

furtherance o	f	its charitable obj	ect	iv	e	s. Th	ese ar	e	as follows:
												g
Echt, Skene &Midmar Agricultural					Association							25,000
Game & Wildlife Conservation			Trust									20,000
Adam Smith	Research Trust											5,000
												50,000
Other grants	(equal to or individually					less	than Z2,		520)			21,883
Total for the		year										71,883
Analysis ofgrants made									Grants to		Grants to
									institutions		individuals	Total
										g
Advancement		ofreligion								500		500
Advancement		ofhealth or the saving				oflives				2,300		2,300
Advancement		ofcitizenship or	community				development			26,000		26,000
Advancement		ofhuman rights,	conflict resolution,						reconciliation
or promotion ofreligious,			racial			harmony,		equality &diversity		5,000		5,000
Advancement		ofenvironmental	protection				or improvement			35		35
Relief ofthose		in need, by reason		of		youth,	age,	ill-health,
disability,		financial hardship		or		other	disadvantage			1,000	14,548	15,548
Advancement		ofanimal welfare								22,500		22,500
										57,335	14,548	71,883
Support costs											2021	2020
Administration		expenses									16,432	14,461
Independent	examination fees										960
Legal Entity	Identification number				fee						70	75
Portfolio Stewardship fees											2,188	3,915
											19,650	18,451

NOTES TO THE FINANCIAL FOR THE YEAR ENDED	NOTES TO THE FINANCIAL FOR THE YEAR ENDED	NOTES TO THE FINANCIAL FOR THE YEAR ENDED	STATEMENTS 5APRIL 2021
Fixed asset investments			2021	2020
				g
Market value	brought	forward	2,752,680	3,133,919
Net gains/(losses) on		investments	728,112	(381,239)
Market value	carried	forward	3,480,792	2,752,680
Geographical	analysis		2021	2020
			g	g
United Kingdom investments			3,480,792	2,752,680
			3,480,792	2,752,680

12.	Cash at bank						2021	2020
							g
	Royal Bank of	Scotland pic					3,107	42,383
	Schroder BcCo Limited						132,187	102,173
							135,294	144,556
13.	Creditors: Amounts falling due			within	one year		2021	2020
	Independent examination		fees				960
	Administration	Expenses					1,228
	Payments due to charities						15,000	15,000
	Legal Entity Identification		number	fee			70	75
	Sundry creditor						1,000	1,000
							18,258	16,075
14.	Commitments	made				Annual	Number	Total
						value	ofyears	g
	No conditions	attached:
	Science Museum					15,000		15,000
								15,000

	FOR	FOR	THE YEAR ENDED 5APR	IL 2021
Movement	in funds				2021	2020
					8	8
Unrestricted	funds:
Balance brought		forward			2,881,161	3,321,092
Net movement		in funds			716,667	(439,931)
Balance carried		forward			3,597,828	2,881,161
Net movement		in funds included	in the above are as follows:
					Gains and	Movement
			Income	Outgoings	losses	in funds
			8	g
Unrestricted	funds		81,348	(92,793)	728,112	716,667