2023-03-31-accounts

Trustees			A Dollond
			M Dollond
			B Dollond
			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
			EC2V7QR
			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	10-17

				Unrestricted	Endowment	Total	Unrestricted	Endowment	Total
				funds	funds		funds	funds
				2023	2023	2023	2022	2022	2022
			Notes	E	f				E
Income and endowments			from:
Donations and legacies			2		596,557	596,557
Investments			3	1,481,022		1,481,022	1,167,147		1,167,147
Other income			4	325		325
Total income and
endowments				1,481,347	596,557	2,077,904	1,167,147		1,167,147
Expenditure on:
88IIi~nf hda
Investment
management			8	184,018		184,018	207,108		207,108
Charitable activities			5	2,457,922		2,457,922	1,847,627		1,847,627
Total expenditure				2,641,940		2,641,940	2,054,735		2,054,735
Net gains/(losses)	on
investments			11		(3,808,101)	(3,808,101)		2,867,464	2,867,464
Net income/(expenditure)				(1,160,593)	(3,211,544)	(4,372,137)	(887,588)	2,867,464	1,979,876
Transfers between
funds				1,160,593	(1,160,593)		887,588	(887,588)
Other recognised
gains and losses:
Other gains/(losses)			12		(219,858)	(219,858)		55,400	55,400
Net movement in
funds					(4,591,995)	(4,591,995)		2,035,276	2,035,276
Reconciliation offunds:
Fund balances at 1		Apnl 2022			53,030,165	53,030,165		50,994,889	50,994,889
Fund balances at		31 March
2023					48,438,170	48,438,170		53,030,165	53,030,165

			2023	2022
		Notes	6	6
Fixed assets
Investments		13	46,604,565	51,886,558
Current assets
Debtors		14	430,696	276,917
Cash at bank and in	hand		1,481,863	951,921
			1,912,559	1,228,838
Creditors: amounts	falling due within
one year		15	(78,954)	(85,231)
Net current assets			1,833,605	1,143,607
Total assets less current liabilities			48,438,170	53,030,165
Capital funds
Expendable endowment		19	48,438,170	53,030,165
Income funds
Unrestricted funds
			48,438,170	53,030,165

					2023		2022
				Notes	6		6
Cash flows from operating			activities
Cash absorbed by operations				17		(2,205,114)		(2,038,134)
Investing	activities
Purchase	ofinvestments				(34,869,359)		(15,798,327)
Proceeds	from disposal of		investments		36,343,251		17,359,789
Investment	income received				1,481,022		1,167,147
Net cash	generated from		investing
activities						2,954,914		2728609
Net cash	used in financing		activities
Net increase in cash and		cash equivalents				749,800		690,475
Cash and	cash equivalents		at beginning	ofyear		951,921		206,046
Effect offoreign exchange		rates				(219,858)		55,400
Cash and	cash equivalents		at end of	year		1,481,863		951,921

			Endowment	Endowment
			funds	funds
			2023	2022
			E	6
Donations	and	legacies	596,557

					Unrestricted	Unrestricted
					funds	funds
					2023	2022
					E	F
	Dividend-	equities			761,936	653,725
	Fixed interest-		securities		718,576	513,401
	Interest receivable				510	21
					1,481,022	1,167,147
4	Other income
					Unrestricted	Unrestricted
					funds	funds
					2023	2022
					E	E
	Other income				325
5	Charitable	activities
					2023	2022
					E	E
	Grant funding		ofactivities (see note 7)		2,412,750	1,797,500
	Share ofsupport costs (see note 10)				25,972	30,927
	Share ofgovernance			costs (see note 10)	19,200	19,200
					2,457,922	1,847,627

6	Costs of	raising funds
			Unrestricted	Unrestricted
			funds	funds
			2023	2022
			E	F
	Investment	management	184,018	207,108
			184,018	207,108

							Grants	Grants
							funded	funded
							activity	activity
							2023	2022
							6	5
	Grants to institutions			(184grants):
	Education	and training					640,750	355,000
	Religious	education					530,000	520,000
	Medical,	health and		sickness			311,500	270,000
	Disability						460,000	225,000
	Relief of poverty						371,000	327,500
	Religious	activities					99,500	100,000
							2,412,750	1,797,500
8	Auditor's	remuneration
	Fees payable to the			charity's	auditor and associates.		2023	2022
							6	6
	For audit	services
	Audit ofthe financial			statements		ofthe charity	6,000	6,000
	For other	services
	All other non-audit		services				24,000	24,000

		Support	Governance	2023	Support costs	Governance	2022
		costs	costs			costs
		8	8			6
Legal and	professional	14,227		14,227	18,600		18,600
Bookkeeping		10,800		10,800	10,800		10,800
Bank charges		771		771	255		255
Travelling	expenses	174		174	1,259		1,259
Sundry expenses					13		13
Audit fees			6,000	6,000		6,000	6,000
Accountancy			13,200	13,200		13,200	13,200
		25,972	19,200	45,172	30,927	19,200	50,127
Analysed	between
Charitable	activities	25,972	19,200	45,172	30,927	19,200	50,127

			Endowment	Endowment
			funds	funds
Gains/(losses)		arising on:	2023 8	2022f
Revaluation	of	investments	(7,258,269)	1,829,067
Sale of investments			3,450,168	1,038,397
			(3,808,101)	2,867,464

12	Other gains or losses
		Endowment	Endowment
		funds	funds
		general	general
		2023	2022
		8	8
	Foreign exchange losses/(gains)	219,858	(55,400)

				Listed	Unlisted	Total
				investments	investmentsf
	Cost orvaluation
	At 1 April 2022			51,886,458	100	51,886,558
	Additions			34,869,359		34,869,359
	Valuation changes			(3,808,101)		(3,808,101)
	Disposals			(36,343,251)		(36,343,251)
	At 31 March	2023		46,604,465	100	46,604,565
	Carrying amount
	At 31 March	2023		46,604,465	100	46,604,565
	At 31 March	2022		51,886,458	100	51,886,558
					2023	2022
	Investments	at fair	value comprise:		6	6
	Equity				13,249,658	18,411,469
	Fixed income				13,001,748	4,431,250
	Pooled investments		- equities		12,786,780	17,132,638
	Pooled investments		-fixed income		3,816,607	7,040,489
	Other investments				3,749,672	4,870,712
					46,604,465	51,886,558
					2023	2022
					6
	Historic costs at the year-end				44,092,359	42,118,077
14	Debtors
					2023	2022
	Amounts falling due within one year:				2
	Income tax recoverable				3,733	3,733
	Other debtors				115,500	50,046
	Prepayments	and accrued income			311,463	223,138
					430,696	276,917

2023	2022
78,954	85,231

	The charity is exempt from taxation on its activities	The charity is exempt from taxation on its activities	The charity is exempt from taxation on its activities	The charity is exempt from taxation on its activities	The charity is exempt from taxation on its activities	because	because	all its income is applied for charitable	all its income is applied for charitable	purposes.
17	Cash generated	from	operations						2023	2022
									8	8
	(Deficit)/surpus	for the year							(4 372 137)	I 979876
	Adjustments for:
	Investment income recognised			in statement	offinancial		activities		(1,481,022)	(1,167,147)
	Gain on disposal	ofinvestments							(3,450,168)	(1,038,397)
	Fair value gains	and losses on		investments					7,258,269	(1,829,067)
	Movements in working		capital:
	(Increase)/decrease in		debtors						(153,779)	15,291
	(Decrease)/increase in		creditors						(6,277)	1,310
	Cash absorbed	by operations							(2,205,114)	(2,038,134)
18	Analysis ofnet	assets	between funds
										Endowment
										funds
										2023
	Fund balances	at 31 March 2023 are represented				by:
	Investments									46,604,565
	Current assets/(liabilities)									1,833,605
										48,438,170
										Endowment
										funds
										2022
										E
	Fund balances	at 31 Mamh 2022 are represented				by:
	Investments									51,886,558
	Current assets/(liabilities)									1,143,607
										53,030,165

	At 1 April	Incoming	Resources	Transfers	Gains and	At 31 March
	2022	resources	expended		losses	2023
	8	8	6		2	8
Expendable
endowments	53,030,165	596,557		(1,160,593)	(4,027,959)	48,438,170
Previous year:	At 1April	Incoming	Resources	Transfers	Gains and	At 31 March
	2021	resources	expended		losses	2022
	8	8		6	2	6
Expendable
endowments	50,994,889			(887,588)	2,922,864	53,030,165