2021-03-31-accounts

Trustees		A Dollond
		M Dollond
		B Dollond
		R Dollond
		J Milston
Secretary		B Dollond
Charity number		293459
Address		3rd Floor Hathaway				House
		Popes Drive
		Finchley
		London
		N3 1QF
Auditor		FMCB
		3rd Floor Hathaway				House
		Popes Drive
		Finchley
		London
		N3 1QF
Bankers		Barclays Bank			pic
		155Bishopsgate
		London
		EC2M 3XA
Solicitors		Goodman	Derrick LLP
		10St Bride		Street
		London
		EC4A4AD
Investment	advisors	Canaccord		Genuity		Wealth		Limited
		88Wood Street
		London
		EC2V 7QR
		Credo Wealth			Planning		Limited
		8-12York Gate
		London
		NW1 5DX

		Page
Trustees report		1-3
Independent auditor's	report
Statement offinancial	activities
Balance sheet
Statement ofcash flows
Notes to the financial	statements	10 - 19

				Unrestricted	Endowment	Total Unrestricted	Total Unrestricted	Endowment	Total
				funds	funds		funds	funds
				2021	2021		2020	2020	2020
			Notes	8	E		8	8
Legacy			2					2,536	2,536
Investment income			3	1,087,965		1,087,965	1,413,301		1,413,301
Other income			4	323		323	319		319
Total income and
endowments				1,088,288		1,088,288	1,413,620	2,536	1,416,156
Investment
management			5	211,965		211,965	249,317		249,317
Charitable activities			6	2,103,850		2,103,850	2,464,978		2,464,978
Total resources	expended			2,315,815		2,315,815	2,714,295		2,714,295
Net gains/(losses)		on
investments					9,830,722	9,830,722		(4,214,832)	(4,214,832)
Net (outgoing)/incoming
resources before		transfers		(1,227,527)	9,830,722	8,603,195	('l,300,675)	(4,212,296)	(5,512,971)
Gross transfers
between funds				1,227,527	(1,227,527)		1,300,675	(1,300,675)
Net incoming/(outgoing)
resources					8,603,195	8,603,195		(5,512,971)	(5,512,971)
Other recognised		gains and		losses
Other gains or losses			12		(993,036)	(993,036)		(40,460)	(40,460)
Net movement	in	funds			7,610,159	7,610,159		(5,553,431)	(5,553,431)
Fund balances at 1 April			2020		43,384,730	43,384,730		48,938,162	48,938,162
Fund balances	at	31 March
2021					50,994,889	50,994,889		43,384,731	43,384,731

					2021	2020
			Notes			6
Fixed assets
Investments				14	50,580,556	40,523,410
Current assets
Debtors				17	292,208	1,065,597
Cash at bank and	in hand				206,046	1,865,264
					498,254	2,930,861
Creditors: amounts		falling	due within	16
one year					(83,921)	(69,540)
Net current assets					414,333	2,861,321
Total assets less	current liabilities				50,994,889	43,384,731
Capital funds
Expendable endowment					50,994,889	43,384,731
Unrestricted funds
					50,994,889	43,384,731
The accounts were	approved		by the Trustees	onZ6.4...)j.

			2021	2020
		Notes
Cash flows from operating	activities
Cash absorbed by operations		13	(1,527,719)	(2,216,117)
Investing activities
Purchase of investments			(18,242,325)	(36,938,240)
Proceeds on disposal of investments			18,015,897	38,185,355
Investment income received			1,087,965	1,413,301
Net cash generated from investing
activities			861,537	2,660,416
Net cash used in financing	activities
Net (decrease)/increase in	cash and	cash
equivalents			(666,182)	444,299
Cash and cash equivalents at beginning		ofyear	1,865,264	1,461,425
Effect offoreign exchange rates			(993,036)	(40,460)
Cash and cash equivalents	at end of	year	206,046	1,865,264

			Unrestricted	Unrestricted
			funds	funds
			2021	2020
			8
	Dividend-	equities	511,342	807,285
	Fixed interest- securities		576,433	602,025
	Interest receivable		190	3,991
			1,087,965	1,413,301
4	Other income
			Unrestricted	Unrestricted
			funds	funds
			2021	2020
			8	8
	Other income		323	319

Unrestricted	Unrestricted
funds	funds
2021	2020
8	8
211,965	249,317
211,965	249,317

					Grants	Grants
					funded	funded
					activity	activity
					2021	2020
					6	6
	Grant funding		ofactivities (see note 7)		2,054,500	2,417,300
	Share of	support costs (see note 8)			30,150	28,478
	Share of	governance		costs (see note 8)	19,200	19,200
					2,103,850	2,464,978
7	Grants payable
					Grants	Grants
					funded	funded
					activity	activity
					2021	2020
					6	5
	Grants to institutions:
	Education	and	training		551,000	928,800
	Religious	education			450,000	507,000
	Medical,	health	and sickness		303,000	275,000
	Disability				332,500	323,500
	Relief of poverty				368,000	342,000
	Religious	activities			50,000	41,000
					2,054,500	2,417,300

8	Support costs	Support costs
			Support	Governance	2021	Support	Governance	2020
			costs	costs		costs	costs
			6	8		6
	Legal and	professional	18,594		18,594	15,902		15,902
	Bookkeeping		10,800		10,800	10,800		10,800
	Bank charges		182		182	94		94
	Travelling	expenses				1,441		1,441
	Sundry expenses		574		574	241		241
	Audit fees			6,000	6,000		6,000	6,000
	Accountancy			13,200	13,200		13,200	13,200
			30,150	19,200	49,350	28,478	19,200	47,678
	Analysed	between
	Charitable	activities	30,150	19,200	49,350	28,478	19,200	47,678

The analysis ofauditor's remuneration	The analysis ofauditor's remuneration	The analysis ofauditor's remuneration	The analysis ofauditor's remuneration	is as follows:
Fees payable to the	charity's		auditor	and associates:	2021	2020
						6
Audit ofthe charity's	annual	accounts			6,000	6,000
Non-audit services
All other non-audit services					24,000	24,000

								Endowment	Endowment
								funds	funds
								general	general
								2021	2020
								6	E
	Revaluation	of investments						8,772,691	(4,316,460)
	Gain/(loss)	on sale		ofinvestments				1,058,031	101,628
								9,830,722	(4,214,832)
12	Other gains or		losses
								Endowment	Endowment
								funds	funds
								general	general
								2021f	2020 E
	Foreign exchange (gains)/losses							993,036	40,460
13	Cash generated		from		operations			2021	2020
									6
	Surplus/(deficit)		for	the	year			8,603,195	(5,512,971)
	Adjustments	for:
	Investment	income		recognised		in statement offinancial	activities	(1,087,965)	(1,413,301)
	Gain on disposal		of	investments				(1,058,031)	(101,628)
	Fair value gains		and losses on			investments		(8,772,691)	4,316,460
	Movements	in working			capital:
	Decrease in	debtors						773,389	549,361
	Increase/(decrease)			in	creditors			14,384	(54,038)
	Cash absorbed		by	operations				(1,527,719)	(2,216,117)

		Listed	Unlisted	Total
		investments	investments
		6	6
Cost or valuation
At 1 April 2020		40,523,310	100	40,523,410
Additions		18,242,325		18,242,325
Valuation changes		9,830,718		9,830,718
Disposals		(18,015,897)		(18,015,897)
At 31 March 2021		50,580,456	100	50,580,556
Carrying amount
At 31 March 2021		50,580,456	100	50,580,556
At 31 March 2020		40,523,310	100	40,523,410
			2021	2020
			6
Investments at fair	value compdise:
Equity			19,997,663	23,275,560
Fixed income			10,008,557	2,711,555
Pooled investments	-equities		12,455,345	2,759,598
Pooled investments	-fixed income		2,899,365	7,295,019
Other investments			5,219,625	4,481,677
			50,580,556	40,523,410
Historic costs at the	year-end		42,639,139	41,600,124

Details ofthe charity's	subsidiary at	subsidiary at	31 March	2021 is	as follows:
Name of undertaking		Registered		Nature	ofbusiness		Class of	%Held
		office					shares held	Direct Indirect
Brisden Properties Limited		United	Kingdom	Property	investments	and	Ordinary	100.00
				trading

ggg was as follows:	ggg was as follows:		y
Name of undertaking		Profitl(Loss)	Capital and
			Reserves
		8
Brisden Properties	Limited	(761)	100,688

16	Creditors:	a	mounts	falling due within one year
					2021	2020
					8	8
	Accruals and		deferred	income	83,921	69,540
17	Debtors
	Amounts	falling due		within one year:	2021f	2020
	Corporation	tax recoverable			1,870	1,870
	Other debtors				95,402	914,721
	Prepayments		and accrued income		194,936	149,006
					292,208	1,065,597

19	Analysis of	net assets	between	funds
			Unrestricted		Endowment	Total	Unrestricted	Endowment	Total
				funds	funds		funds	funds
				2021	2021	2021	2020	2020	2020
					6	8	6	F
	Fund balances at 31
	March 2021	are
	represented	by:
	Investments		50,580,556			50,580,556	40,523,410		'40,523,410
	Current assets/
	(liabilities)		414,333			414,333	2,861,321		2,861,321
			50,994,889			50,994,889	43,384,731		43,384,731