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2022-03-31-accounts

Trustees		A Dollond
		M Dollond
		BDollond
		R Dollond
		J Milston
Secretary		BDollond
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		Smyth Barkham		LLP
		1 Mitre Court Buildings
		Inner Temple
		London
		EC4Y7BS
Investment	advisors	Canaccord	Genuity		Wealth		Limited
		88Wood Street
		London
		EC2V 7QR
		Credo Wealth Planning				Limited
		8-12 York Gate
		London
		NW1 5DX

		Page
Trustees report		1-3
Independent auditor's	report	4-6
Statement offinancial	activities
Balance sheet
Statement ofcash flows
Notes to the financial	statements	10 - 18

					Unrestricted	Endowment	Total	Unrestricted	Endowment	Total
					funds	funds		funds	funds
					2022	2022	2022	2021	2021	2021
			Notes		6	f	6	6	E	6
	owments			from
Investment income				3	1,167,147		1,167,147	1,087,965		1,087,965
Other income				2				323		323
Total income					1,167,147		1,167,147	1,088,288		1,088,288
KmggfIIIIEftgtt;
I8(0~fnds
Investment
management				5	207,108		207,108	211,965		211,965
Charitable activities				4	1,847,627		1,847,627	2,103,850		2,103,850
Total expenditure					2,054,735		2,054,735	2,315,815		2,315,815
Net gains/(losses)		on
investments				10		2,867,464	2,867,464		9,830,722	9,830,722
Net (outgoing)/incoming
resources before		transfers			(887,588)	2,867,464	1,979,876	(1,227,527)	9,830,722	8,603,195
Gross transfers	between
funds					887,588	(887,588)		1,227,527	(1,227,527)
Net incoming	resources					1,979,876	1,979,876		8,603,195	8,603,195
Other recognised		gains	and losses
Other gains or	losses			11		55,400	55,400		(993,036)	(993,036)
Net movement	in funds					2,035,276	2,035,276		7,610,159	7,610,159
Fund balances	at 1	April	2021			50,994,889	50,994,889		43,384,730	43,384,730
Fund balances	at	31 March
2022						53,030,165	53,030,165		50,994,889	50,994,889

			2022	2021
		Notes		8
Fixed assets
Investments		12	51,886,558	50,580,556
Current assets
Debtors		13	276,917	292,208
Cash at bank and in	hand		951,921	206,046
			1,228,838	498,254
Creditors: amounts	falling due within
one year		14	(85,231)	(83,921)
Net current assets			1,143,607	414,333
Total assets less current liabilities			53,030,165	50,994,889
Capital funds
Expendable endowment		17	53,030,165	50,994,889
Income funds
Unrestricted funds
			53,030,165	50,994,889

					2022		2021
				Notes	6
Cash flows from operating			activities
Cash absorbed by operations				15		(2,038,134)		(1,527,719)
Investing	activities
Purchase	of investments				(15,798,327)		(18,242,325)
Proceeds	from disposal of	investments			17,359,789		18,015,897
Investment	income received				1,167,147		1,087,965
Net cash	generated from investing
activities						2,728,609		861,537
Net cash	used in financing		activities
Net increase/(decrease) in			cash and	cash
equivalents						690,475		(666,182)
Cash and	cash equivalents	at beginning		ofyear		206,046		1,865,264
Effect offoreign exchange rates						55,400		(993,036)
Cash and	cash equivalents		at end of	year		951,921		206,046

3	Investment	Investment	income
					Unrestricted	Unrestricted
					funds	funds
					2022	2021
					6	8
	Dividend-	equities			653,725	511,342
	Fixed interest- securities				513,401	576,433
	Interest receivable				21	190
					1,167,147	1,087,965
4	Charitable	activities
					Grants	Grants
					funded	funded
					activity	activity
					2022f	2021 f.
	Grant funding		ofactivities (see note 6)		1,797,500	2,054,500
	Share ofsupport costs (see note 8)				30,927	30,150
	Share ofgovernance			costs (see note 8)	19,200	19,200
					1,847,627	2,103,850
5	Costs of raising funds
					Unrestricted	Unrestricted
					funds	funds
					2022	2021
					6	F
	Investment	management			207,108	211,965
					207,108	211,965

									Grants	Grants
									funded	funded
									activity	activity
									2022	2021
									8	6
	Grants to	institutions		(180 grants):
	Education	and training							355,000	551,000
	Religious	education							520,000	450,000
	Medical, health and			sickness					270,000	303,000
	Disability								225,000	332,500
	Relief ofpoverty								327,500	368,000
	Religious	activities							100,000	50,000
									1,797,500	2,054,500
7	Auditor's	remuneration
	Fees payable to the			charity's	auditor and associates:				2022f	2021 6
	Audit ofthe charity's			annual accounts					6,000	6,000
	Non-audit	services
	All other non-audit		services						24,000	24,000
8	Supportcosts
					Support	Governance	2022	Support costs	Governance	2021
					costs	costs			costs
						E			8
	Legal and	professional			18,600		18,600	18,594		18,594
	Bookkeeping				10,800		10,800	10,800		10,800
	Bank charges				255		255	182		182
	Travelling	expenses			1,259		1,259
	Sundry expenses				13		13	574		574
	Audit fees					6,000	6,000		6,000	6,000
	Accountancy					13,200	13,200		13,200	13,200
					30,927	19,200	50,127	30,150	19,200	49,350
	Analysed	between
	Charitable	activities			30,927	19,200	50,127	30,150	19,200	49,350

			Endowment	Endowment
			funds	funds
			general	general
			2022	2021
			8	E
Revaluation	of	investments	1,829,067	8,772,691
Gain/(loss)	on	sale of investments	1,038,397	1,058,031
			2,867,464	9,830,722

Endowment	Endowment
funds	funds
general	general
2022	2021
8
(55,400)	993,036

		Listed	Unlisted	Total
		investments	investments
		f
Cost or valuation
At 1 April	2021	50,580,456	100	50,580,556
Additions		15,798,327		15,798,327
Valuation	changes	2,867,464		2,867,464
Disposals		(17,359,789)		(17,359,789)
At 31 March 2022		51,886,458	100	51,886,558
Carrying	amount
At 31 March 2022		51,886,458	100	51,886,558
At 31 March 2021		50,580,456	100	50,580,556


12	Fixed asset	invest	m	ents		(Continued)
					2022	2021
					8	6
	Investments	at fair	value comprise:
	Equity				18,411,469	19,997,663
	Fixed income				4,431,250	10,008,557
	Pooled investments		- equities		17,132,638	12,455,345
	Pooled investments		-fixed income		7,040,489	2,899,365
	Other investments				4,870,712	5,219,625
					51,886,558	50,580,556
					2022	2021
					6
	Historic costs at the		year-end		42,116,077	42,639,139
13	Debtors
					2022	2021
	Amounts falling due			within one year:	6	6
	Corporation	tax recoverable			3,733	1,870
	Other debtors				50,046	95,402
	Prepayments	and accrued income			223,138	194,936
					276,917	292,208
14	Creditors: amounts			falling due within one year
					2022	2021
					2	8
	Accruals and	deferred		income	85,231	83,921


Cash generated from	operations				2022	2021
					5	6
Surplus for the year					1,979,876	8,603,195
Adjustments for:
Investment income recognised		in statement	offinancial	activities	(1,167,147)	(1,087,965)
Gain on disposal of investments					(1,038,397)	(1,058,031)
Fair value gains and losses on		investments			(1,829,067)	(8,772,691)
Movements in working	capital:
Decrease in debtors					15,291	773,389
Increase in creditors					1,310	14,384
Cash absorbed by operations					(2,038,134)	(1,527,719)

	Cash absorb	ed by ope	rations				(2,038,134)	(1,527,719
16	Analysis of	net assets	between funds
			Unrestricted	Endowment	Total	Unrestricted	Endowment	Total
			funds	funds		funds	funds
			2022	2022	2022	2021	2021	2021
			8		6	F	8	6
	Fund balances at 31
	March 2022	are
	represented	by:
	Investments		51,886,558		51,886,558	50,580,556		50,580,556
	Current assets/(liabilities)		1,143,607		1,143,607	414,333		414,333
			53,030,165		53,030,165	50,994,889		50,994,889

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