# ## ## |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| ## ## ##