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||||Page|
|---|---|---|---|
|Legal and|administrative|information||
|Trustees'|report||2-3|
|Independent<br>auditors'||report|4-5|
|Statement|offinancial|activities||
|Balance sheet||||
|Notes to|the financialstatements||8-12|





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|Charity number|Charity number|280455|||
|---|---|---|---|---|
|Date oftrust||10June 1980|||
|Trustees||Mrs Jane Wells|||
|||Mrs Cathy|Ingram||
|||Ms Francesca Unsworth|||
|Registered|Office|9 Bonhill Street|||
|||London|||
|||EC2A 4DJ|||
|Solicitors||Heydons|||
|||23 Bentink|Street||
|||London|||
|||W1U 2EZ|||
|Auditors||Begbies Chartered||Accountants|
|||9 Bonhill Street|||
|||London|||
|||EC2A 4DJ|||
|Investment|managers|Nedbank<br>Private||Wealth|
|||Millenium|Bridge|House|
|||2 Lambeth|Hill||
|||London|||
|||EC4V 4GG|||
|||UBS Financial Services|||
|||1285Ave ofAmericas|||
|||15th, 16th,|17th,|18th &20th Floors|
|||New York|||
|||NY 10019|||





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|||||||FOR THE YEAR ENDED 5TH APRIL 2022|FOR THE YEAR ENDED 5TH APRIL 2022||
|---|---|---|---|---|---|---|---|---|
||||||||Unrestricted|Unrestricted|
||||||||fund|fund|
||||||||2022|2021|
||||||||f|E|
|Income from:|||||||||
|Investments|||||||67,458|49,755|
|Interest|||||||7|97|
|Totalincome|||||||67,465|49,852|
|Expenditure||on:|||||||
|RRii tt|d||||||||
|Investment||management||fees|||27,366|26,509|
|Charitable|activites||||||||
|Grants payable|||||||226,142|188,459|
|0~th||dtt|||||||
|Professional||fees|||||9,000|10,200|
|Other costs||||||||120|
|Total expenditure|||||||235,142|799,779|
|Currency exchange|||gains /||(losses)||8,296|(24,797)|
|Exchange gain/(loss)|||on translation|||of Investments|75,376|(114,980)|
|Gain / (loss)||on investment|||transactions||23,037|717,444|
|Net Income||/ (expenditure)|||||(88,335)|402,231|
|Total funds|brought||forward||||2,800,927|2,398,696|
|Total funds|carried||forward||||2,712,591|2,800,927|





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|Grants|payable|||||||
|---|---|---|---|---|---|---|---|
||||2022|||2021||
|||No||E|No||E|
|UK|||10|117,000||7|68,500|
|USA|||11|109,142||10|119,959|
|||||226,142|||188,459|



|Details ofgrants|Details ofgrants|paid during the year are listed|in note 10|||
|---|---|---|---|---|---|
|Other charitable||expenditure||||
|||||2022|2021|
|||||E|6|
|Accountancy|fees|||4,500|4,500|
|Audit fees||||4,500|4,500|
|||||9,000|9,000|





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|Gains / (losses) on investments|||||
|---|---|---|---|---|
||||2022|2021|
||||E|f|
|Disposal proceeds|||603,690|426,974|
|Original<br>purchase cost|||(451,598)|(328,758)|
|Unrealised<br>gains to date|||(109,053)|(49,024)|
|Realised gains/(losses)<br>for year|||43,039|49,192|
|Net gains/(losses)<br>on revaluation||at 5th April 2022|(20,002)|668,252|
|Gains / (losses) on investments|||23,037|717,444|
|Unrealised<br>currency<br>exchange|gains / (losses)||75,376|(114,980)|
||||98,413|602,464|
|Investments|||2022|2022|
||||f|f|
|Market value at 6th April 2021|||2,699,028|2,019,829|
|Additions<br>at cost|||222,959|503,709|
|Disposals at carrying<br>value|||(560,651)|(377,782)|
|Unrealised<br>currency exchange|gains/losses||75,376|(114,980)|
|Net gains/(losses)<br>on revaluation||at 5th April 2022|(20,002)|668,252|
|Market value at 5th April 2022|||2,416,710|2,699,028|
|Historic cost at 5th April 2022|||1,740,253|1,921,673|
|UK investments|||1,143,749|1,213,082|
|US investments|||1,272,960|1,485,945|
||||2,416,710|2,699,027|



||||2022|2021|
|---|---|---|---|---|
|The Growth|Fund ofAmerica||121,124|247,665|
|Wisdomtree|US Growth<br>Fund|||144,226|
|Invesco QQQ Trust|||137,397|179,383|
|Ishare Trust|Core S&PSmall-Cap|ETF|151,925|150423|
|Ishare Trust|Core S&P500||176,590|151,162|
|Fundsmith|LLP||122,460||
||||709,497|872,859|





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|Grants made to in|stitutions|were as follows:|||||
|---|---|---|---|---|---|---|
||||||2022|2021|
|Recipient||Purpose ofgrant|||E|f|
|Three Generations||Raising awareness|of crimes against humanity||85,383|107,587|
|The Tibet Fund||Preserve cultural<br>identity ofTibetan people|||7,425|768|
|Florence Buchanan||Documentary<br>film|about tolerance||2,970||
|pioneer projects|||||1,000||
|The Merwin Conservancy||Inspiring<br>innovation|in the arts||3,712|3,842|
|The Sanar Institute||Supports victims of interpersonal||violence|2,227||
|Four Way Books||Non-profit<br>literary|organisation||7,425|7,761|
|Mozart to Maputo||Children's<br>Programme<br>in Mozambique|||10,000|5,000|
|Caris Islington||Bereavement<br>counselling|||40,000|20,000|
|Highbury<br>Vale Blackstock||Community<br>centre|||50,000|25,000|
|Museum<br>of Homelessness||Social justice museum|||1,000|1,000|
|Park Theatre||London theatre|||5,000|5,000|
|BAATN||Black, African and|Asian Therapy|Network|10,000|10,000|
|Matsena<br>Performance|Theatre|Contemporary<br>Dance Project||||2,500|
||||||226,142|188,458|





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