2021-03-31-accounts

		Poge
Report ofthe Trustees		1to3
Independent Examiners	Report
Statement of Financial	Activities
Balance Sheet
Notes to the Financial	Statements	7to9
Investments		10to 13

for the Year Ended 31March	202	1
					Sydney		Ei'ic Brookes	2021	2020
		Notes		Main Fund f	Mason f	Fund	Fund f	Total Funds f	Total Funds f
INCOMING RE5OURCES
Incoming resources from generated			funds
Investment income				37,910		1,917	256	40,083	46,496
Other income				91,403			50,125	141,528	54,796
Total incoming resources				129,313		1.917	50,381	181,611	101,292
RESOURCES EXPENDED
~Dn i ns
Grants &Donations				4,000		2,500		6,500	8,881
Donations to City & Guilds London Arts School									2,500
City &Guilds of London Institute		—JV	Project	10,000				10,000	10,000
Prizes at Colleges				241				241	1,400
Building Crafts College				2,500				2,500	2,500
Master Craftsman Awards									330
Stgd80LGLaah
Building Crafts College				9,716				9,716	7,500
Moulton				6,250				6,250	8,750
Weymouth				1,250				1,250
City &Guilds of London Art School				10,000				10,000	12,500
Cathedral Grants - Apprenticeships				18,750				18,750	17,600
Other				916				916	1,547
Other
Administration expenses				10,817			125	11,011	11,751
Total resources expended				74.440		2,569	125	77,134	85.259
NET INCOMING RESOURCES				54,873		(652)	50,256	104,477	16,033
TOTAL FUNDS BROUGHT FORWARD				1,333,186	69,721			1,402,907	1,503,057
Gains/ (losses) on investment	assets			272,610		12,736	44	285,390	(116,183)
TOTAL FUNDS CARRIED FORWARD				1,660,669	81,805		50,300	1,792,774	1,402,907

for the Year	Ended 31March 2021
				Sydney		Eric Bnrokes	2021	2020
			Main Fund	Mason	Fund	Fund	Total Funds	Total Funds
		Notes	6	6			6	6
FIXEDASSETS
Investments			1,575,875	78,016		50,044	1,703,935	1,272,338
CURRENT ASSETS
Prepayments	sr accrued income		10,814				10,814	7,239
Debtors			20,250				20,250
Cash at bank			107,458		7,090	256	114,804	168,430
			138,522		7,090	256	145,868	175,669
CREDITORS
Amounts falling due within one yei		6	(57,029)				(57,029)	(45,100)
NET CURRENT ASSETS			81,493		7,090	256	88,839	130,569
TOTAL ASSETS LESSCURRENT LIABILITIES			1,657,368	85,106		50,300	1,792,774	1,402,907
NET ASSETS			1,657,368	85,106		50,300	1,792,774	1,402,907
FUNDS
Unrestricted	funds						1,660,669	1,333,186
Restricted funds							132,105	69,721
							1,792,774	1,402,907

		2021	2020
		E	f
Rents received		3,400	3,400
Investment	income	36,663	43,025
Deposit account interest		20	71
		40,083	46;496.
OTHER INCOME
		2021	2020
		E	E
Donations		38,853	49,404
Fundraising		767ii	5,392
Legacies (restncted)		45,000
Legacies (unrestricted)		50,000
		141,528	54,796

FIXEDASSET INVESTMENTS
	Main	Eric Brookes	Sydney Mason	TOTAL	TOTAL
	Fund	Fund	Fund	2021	2020
	6	6	6	6	6
PORTFOLIO VALUATION
Book Cost	1,124,673	50,000	73,218	1,247,891	1,089,461
Revaluations	451,202		4,798	456,044	182,877
Market Value	1,575,875	50,044	78,016	1.703.935	1,272,338

			2021	2020
			6	6
Prepayments	Braccrued	income	10,814	7,239
Other debtors			20,250
			31,064	7,239
CREDITORS:	AMOUNTS	FALLING DUE WITHIN ONE YEAR
			2021f	2020f
Other creditors			13
Rowlandson	Historic Fund		10,000	15,000
Accruals			47,016	30,100
			57.029	45,100

7	MOVEMENT IN FUNDS
		Balance		as at	Net Incoming	Balance	asat
		01/04/2020			resources	31/03/2021
			E		f.	f
	Unrestdicted funds
	Main Fund		1,333,186		327,483	1,660,669
	Restdicted funds
	Sydney Mason Fund			69,721	12,084		81,805
	Eric Brookes Fund				50,256		50,300
	TOTALFUNDS		1,402,907		389,823	1,792,774
8	DUKE OF GLOUCESTER FUND RESERVES
					2021	2020
					E	E
	Balance at 1st April 2020				5,268		4,098
	Movement in year						1,170
	Balance at 31stMarch 2021				5,268		5,268
	These reserves are included	within the Unrestricted	Funds.
9	SYDNEY MASON FUND
					2021	2020
					E	E
	INCOME
	Bank Deposit Interest				2		7
	Investment Income				1,915		2,189
					1,917		2,196
	EXPENDITURE
	Student Grants 8r Other Expenses				2,569		2,560
	SURPLUS FOR THE YEAR				(652)		(364)

							MarKet
						~O	VaLus ~2
		(Unrestricted}				E	f
1.
20,000 Intermediate Capital Grp Pic 5%nts			24/3/23 gbp1000			20,026	21,350
I}gg~pnQ~98
449 Ml twenty four Dynamic Bond						49,495	51,283
ISHARES 0 PLC GBP IDX-LINKED		GILTS UCITS		ETF		50,001	45,992
HENDERSON INVESTMENT FUNDS LTD FIXED				INTEREST		50,324	51,279
13,250 Ecclesiastical Insurance	Office 8.625% Non-Cum				IRRD PRF GBPI	16,308	20,471
15,000 Lloyds Banking Group	9.25% Non-Cum			IRR PRF	SHS	16,560	23,228
Bev~eggE1~1}
760 Diageo Ord GBP0.28935185						14,082	22,720
637Johnson Matthey Ord GBP1.047619						17,472	19,193
Electr nic8r I 'cal i
2,290Halma Ord GBP0.10						17,536	54,365
n I rvl 1.16%
LONDON STOCK EXCHANGE	GROUP ORD		GBP0.6918604			21,644	18,391
'lii 1
2,310National Gdrd Ord GBP0.113953						19,402	19.958
Ind strialEn ine ri 2.02%
280Spirax-Sarco Engineering	Ord	GBP0.269230769				18,151	31,920
~U~IBLnnt
1,210Prudential Ord GBP0.05						9,964	18,640
			Sub Total carried forward:			320965	398790

						bfgrrt
						V~l
					COST	3~103.2
bfgin~Tr BfFrlgd	(Unrestricted)				E	E
				Sub Total brought forward	320,965	398,790
~i~lgfLE2
1,180 RELX PLC GBP0.1444					17,490	21,464
In strial Metals &Minin
760 Rio Tinto Ord GBP0.10					22,078	42,180
il Tl mmni tin
10,965Vodafone USD 0.2095238					25,552	14,461
TRAVEL LEI RE 1.61
INTERNATIONAL CONSOLIDATED		AIRLINE		ORD EURO.50	22,122	25,541
mptsgttgl~8f2. 2451
725 Unilever Pic Ord GBP0.031111					17,608	29,406
THG PLC ORD GBP0.005					22,276	18,767
1,175Glaxosmithkline Ord G80.25					28,018	23,635
IE nv mnTr	2
700 Derwent London GBP0.05					22,696	22,596
5,090Segro GBP3.085					15,945	47,724
1,460 Diploma Pic Ord G80.05					20,122	37,201
~UK 1.
10160JUPITER FUND MANSGERS		LIMITED			19,533	29,464
13,350JP Morgan Amedcan	Investment		Trust Ord 680.05		27,442	73,993
2,180Ishares Core 5 BrP500	Ucits	ETF	USD	Inc	47,031	&7,131
				Sub Total carried forward	628877	872352

			hgt)t.BL
			Value
		COST	~1.
hlgiiIgELFFlttt(	(Unrestricted)	E	E
		8/F
	Sub Total brought forward	628,877	872,352
ia ExJa an 5.05%
18,330Schroder Odiental Income Fund Ord GBP0.01		32,087	51,232
MSIM FUND MANAGEMENT	(IRELAND) LTD ASIA OPPORTUNITY 2GBP	50,182	41,328
t 1
15,860JP Morgan Gbl Emerg Mkts Inc PLC GBPO.01		19,512	23,076
Qla)tc@RQBQ
9,100Scottish Mortgage Inv	Trust Ord GBP0.05	13,154	103,467
VANGUARD FUNDS PLC FTSEALL WORLD ETF INC NAV		45,189	55,249
11,000 FUNDSMITH LLP EQUITY I INC NAV		29,887	55,755
GAM FUND MANAGEMENT	DISRUPTIVE GTH INSTITUTIONAL GBPACC	34,131	51,275
3
DIGITAL 9 INFRASTRUCTURE	PLC ORD NPV	30,020	29,850
21,200The Renewables Infrastructure GRP Ord NPV		29,046	29,719
24,350Foresight Solar Fund	Ltd NPV	34,978	33,813
8,526 31 Infrastructure NPV		20,976	31,506
TRIPLE POINT ENRGY EFF INFRS CO PLC ORD GBP0.01		34,020	35,020
14,025 Bilfinger Berger Global Infra SICA V ORD NPV		23,496	33,747
18,380Greencoat UK Wind Pic ORD GBP0.01		23,795	28,395
Piggarly(6, 1(l)
23,800 Picton Property Income Ltd		9,878	20,420
17,640Aberdeen Standard EUR GBP0.1		17,660	19,139
17,750 CIVITAS		17,770	19,135
HOME REIT PLC ORD GBP0.01		18,020	20,520
11,630Tritax Big BoxReit Pl Ord GBP0.01		11,995	20,876
		1,124,673	1,575,875
SETTLEMENT ACCOUNT		0	0
CASH ON DEPOSIT		7,090	7,090
INCOME ACCOUNT		0	0
		1,131,763	1,582,965