2021-04-05-accounts

Trustees			Mr R EWorby
			Prof J A Williams
			Prof H A Spikes
			Prof H P Evans		(Appointed	7 October
					2021)
Charity	number		293571
Principal	address		1st Floor
			Nicholas House
			River Front
			Enfield
			Middlesex
			EN1 3FG
Auditor			Brian Paul Limited
			Chase Green House
			42 Chase Side
			Enfield
			Middlesex
			EN2 6NF
Bankers			C Hoare &Co.
			37 Fleet Street
			London
			EC4P 4DQ
Investment		managers	Investec Wealth	& investment
			30 Gresham Street
			London
			EC2V 7QN

		Page
Chairman's statement
Trustees' report		2-3
Independent auditor's	report	4-7
Statement offinancial	activities
Balance sheet
Statement ofcash flows		10
Notes to the financial	statements	11-17

				Unrestricted	Unrestricted
				funds	funds
				2021	2020
			Notes	6	f
Is tmK s
Donations and	legacies receivable		2	3,083,104
Investment income			3	26,309	91,318
Total Income				3,109,413	91,318
Ettg~igre on: Charitable activities			4	129,124	143,276
Net gains/(losses)		on investments	9	237,451	(216,941)
Net movement	in	funds		3,217,740	(268,899)
Fund balances	at 6April 2020			1,535,669	1,804,568
Fund balances	at	5April 2021		4,753,409	1,535,669

						2021		2020
					Notes	6		f
Fixed assets
Investments					10		1,609,170		1,127,769
Current assets
Investments					11	3,318,100
Debtors					12	2,232		102,782
Cash at bank	and	in	hand			23,283		234,664
Cash with stockbrokers						46,223		74,478
						3,389,838		411,924
Creditors: amounts			falling	due within
one year					13	(245,599)		(4,024)
Net current assets							3,144,239		407,900
Total assets	less	current		liabilities			4,753,409		1,535,669
Income funds
Unrestricted	funds						4,753,409		1,535,669
							4,753,409		1,535,669

				2021		2020
			Notes	f
Cash flows from operating		activities
Cash absorbed by operations			17		(21,995)		(159,833)
Investing activities
Purchase of investments				(786,880)		(306,734)
Proceeds on disposal of investments				545,220		460,835
Investment income				24,019		41,755
Net cash (used in)/generated investing activities		from			(217,641)		195,856
Net cash used in financing		activities
Net (decrease)/Increase in	cash and		cash
equivalents					(239,636)		36,023
Cash and cash equivalents	at beginning		ofyear		309,142		273,119
Cash and cash equivalents		at end of	year		69,506		309,142
Relating to:
Cash at bank and in hand					23,283		234,664
Short term deposits included asset investments		in current			46,223		74,478

				2021 E	2020f
	Legacies receivable			3,083,100
	Donations			4
3	Investment	Income
				2021f	2020
	Income from	managed	funds	20,237	34,409
	Interest receivable			3,782	7,346
	Realised profit/(loss)		on sale ofinvestments	2,290	49,563
				26,309	91,318
4	Charitable activities
				2021	2020
				E	E
	Grant funding	of activities (see note 5)		41,700	57,729
	Support costs (see note 6)			72,885	75,219
	Governance	costs (see note 6)		14,539	10,328
				129,124	143,276

Grants payable
					2021	2020
					E	f
Grants to institutions	(18grants):
The Peter Jest Travel	Fund				800	19,629
Norfolk Hospice					1,000
NHS Charities COVID-19					1,000
Action on hearing loss						25,000
Science and Technology		Foundation		Trust	8,000	8,000
Tribo UK Conferences						4,000
UTC Reading Mechanical		Engineering		Grant	1,800
RNID Graduate grant					25,000
Hearing dogs for the	deaf				3,000
Other organisations and charities,			all	below E1,000 each	1,100	1,100
					41,700	57,729

Support and	governance	costs
		Support	Governance	2021	Support	Governance	2020
		costs	costs		costs	costs
		E	E		E	E
Staff costs		21,072		21,072	21,076		21,076
Rent and rates		3,660		3,660	3,773		3,773
Insurance		604		604	603		603
Computer costs		346		346	88		88
Office supplies		146		146
Telephone		946		946	2,362		2,362
Bank charges		423		423	172		172
Property expenses		22,533		22,533	17,479		17,479
Stockbrokers	fees	14,654		14,654	12,014		12,014
Legal and professional
fees		8,501		8,501	17,652		17,652
Audit fees			2,880	2,880
Accountants'	fees		5,360	5,360		3,372	3,372
Independent	Examiner's
fees						1,200	1,200
Administration	costs.		6,299	6,299		5,756	5,756
		72,885	14,539	87,424	75,219	10,328	85,547
Allocated to:
Charitable activities		72,885	14,539	87,424	75,219	10,328	85,547

		2021	2020
		Number	Number
Administration	staff
Employment	costs	2021	2020
Wages and salaries		20,660	20,660
Pension costs		412	416
		21,072	21,076

Net gains/(l	oss	es) on Investments
			2021	2020
			f.	f
Revaluation	of	investments	237,451	(216,941)

Fixed ass	et investments
		Listed
		Investments
		E
Cost or valuation
At 6April	2020	1,127,769
Additions		786,880
Valuation	changes	239,741
Disposals		(545,220)
At 5April	2021	1,609,170
Carrying	amount
At 05April	2021	1,609,170
At 05April	2020	1,127,769

10	Fixed asset Investments						(Continued)
	The historic cost ofthe investments				at 5April	2021 was f1,451,696 (2020:f1,205,688).
11	Current		Asset Investments
						2021	2020
						E	E
	Property		held for sale			3,318,100
12	Debtors
						2021	2020
	Amounts		falling due	within one	year:	f	E
	Other debtors					2,232	102,782
13	Creditors: amounts			falling due within one		year
						2021	2020
						f
	Other creditors					245,599	4,024
14	Analysis		of net assets between		funds
						Unrestricted	Unrestricted
						funds	funds
						2021	2020
						E	f
	Fund balances at 5April 2021 are				represented	by:
	Investments					1,609,170	1,127,769
	Current	assets/(liabilities)				3,144,239	407,900
						4,753,409	1,535,669

	On 6th August 2021, the Foundation f3,400,000.	On 6th August 2021, the Foundation f3,400,000.	sold the property,	sold the property,	that	it had acquired	via a legacy for a	consideration
17	Cash generated from operations						2021f	2020 f
	Surplus/(deficit) for the year						3,217,740	(268,899)
	Adjustments for:
	investment income recognised	in statement		offinancial	activities		(26,309)	(91,318)
	Fair value gains and losses on	investments					(237,451)	213,810
	Movements in working capital:
	(Increase)/ decrease in current	asset	investments				(3,318,100)
	Decrease/(increase) in debtors						100,550	(10,354)
	Increase/(decrease) in creditors						241,575	(3,072)
	Cash absorbed by operations						(21,995)	(159,833)

							2021 6		2020f
INCOME
Investment Income
Income from managed		funds					24,019		41,755
Realised profit/(loss)		on sale of investments					2,290		49,563
Donations and legacies			receivable
Legacies receivable							3,083,100
Donation							4
Other recognised	gains		and losses
Unrealissd gains/(losses)			on investment		assets		237,451		(216,941)
							3,346,864		(125,623)
EXPENDITURE
Grants payable in	furtherance			ofthe	Foundation's	objects
Grants and donations		paid	during	the year			41,700		57,729
Support and governance			costs
Staff costs						21,072		21,076
Rent and rates						3,660		3,773
Insurance						604		603
Computer costs						346		88
Office supplies						146
Telephone						946		2,362
Bank charges						423		172
Property expenses						22,533		17,479
Stockbrokers fees						14,654		12,014
Legal and professional		fees				8,501		17,652
Audit fees						2,880
Accountants' fees						5,360		3,372
Independent Examiner's fees								1,200
Administration costs						6,299		5,756
							87,424		85,547
							129,124		143,276
Total income for the	year						3,346,864		(125,623)
Total expenditure for the year							(129,124)		(143,276)
Net Income/(expenditure)			for the year				3,217,740		(268,899)