## ## ## |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| ||||N C
IQ
E0 Ol
0 0||OI
OI
QC
OI||CC
CV0
N||IA
CA
CO
Pt|IA
CA
0!| |---|---|---|---|---|---|---|---|---|---|---| ||||0 O.
.0 E||OI
Cl||ut||CI
QO
IA|Co
IA| ||||NL
0 0
Ot||NC0
IO
4I||lu
C
Cl
0
IO
Ql|N
N
ul
N
0|LA
OQ
NN
Ot|N| ||||E„
N|IO||||||| ||||D C
0
Ot
O|C|4I||ll
OlllC||IA
I|IA| ||||ul
C
CON
Ot O
'll D|4l
E|0
IO||4Ia
X
OI||IA
CI|LA
Co
N| ||||N||F||N
4I|||| ||||E N
o.E
O
ITI||E0
QC||Q
00|||IA| ||||R 'X|||||||| ||||E
m
CLIJ||OI||CO|||| ||||N
ui||NQC||QI
CV|||| ||||C
S||CO
OI
Cl||a
CI|||| ||||0O.O
0 N||||D
C
N|CI
N
N||| ||||Ol
Ot C||||N
N
C-Q|||| ||||0
Ot
0.C||||IO44|||| ||||Ot 0||N|||||| ||||Ot M||OI||||CO
IA|IA| ||||H.
C N
CC!||ul0
ClI-||||N|NN| ||||e
ut
Ol 00
N|||||||| ||||0||OI|CV||||| |Ci
UJDZI-Z0
O|||N
C
I—Ot
C
—E
C 0
O
IOc.E
O.E
S
X D
S||4I
Q0
IO
l4
Ct||a|||| |VJI-Z
UJX
IUI-|PlD
O||N D
Ol—0
'0 c
C '
O!
IO
c N 4!
NDD
CCC
IO|||||||| ||lL||ECN|||||||| |UJ|||4t
Ot
N
OO E C|||||||| |OZ|0||c
0
0
N Ct
4! IO
IO|||||||| |Z|0
UJ|N'00|0 E0 N'0|||||||| |IUZI-0I-
N
UJI-0Z|UJ
0
U.||4! Ot
E c
ut
NEO
LQ OD
C cOC
I-—8|||||||| ## ## ## ##