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|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|||||||





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





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|||||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<br>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<br>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<br>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|





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||||||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<br>endowment|||||50,994,889|43,384,731|
|Unrestricted<br>funds|||||||
||||||50,994,889|43,384,731|
|The accounts were|approved||by the Trustees|onZ6.4...)j.|||






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||||2021|2020|
|---|---|---|---|---|
|||Notes|||
|Cash flows from operating|activities||||
|Cash absorbed<br>by operations||13|(1,527,719)|(2,216,117)|
|Investing<br>activities|||||
|Purchase of investments|||(18,242,325)|(36,938,240)|
|Proceeds on disposal of investments|||18,015,897|38,185,355|
|Investment<br>income received|||1,087,965|1,413,301|
|Net cash generated<br>from investing|||||
|activities|||861,537|2,660,416|
|Net cash used in financing|activities||||
|Net (decrease)/increase<br>in|cash and|cash|||
|equivalents|||(666,182)|444,299|
|Cash and cash equivalents<br>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|





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||||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|





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||||||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|





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|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|



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|The analysis ofauditor's<br>remuneration|The analysis ofauditor's<br>remuneration|The analysis ofauditor's<br>remuneration|The analysis ofauditor's<br>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<br>services|||||||
|All other non-audit<br>services|||||24,000|24,000|



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|||||||||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<br>E|
||Foreign exchange<br>(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<br>in|debtors||||||773,389|549,361|
||Increase/(decrease)|||in|creditors|||14,384|(54,038)|
||Cash absorbed||by|operations||||(1,527,719)|(2,216,117)|





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|||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<br>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<br>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|



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





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



|16|Creditors:|a|mounts<br>|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|





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|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|



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