2023-04-05-accounts

Trustees		Mr R EWorby
		Prof JA Williams
		Prof H A Spikes
		Prof H P Evans
Charity number		293571
Principal address		1st Floor
		Nicholas House
		River Front
		Enfield
		Middlesex
		EN1 3FG
Independent	examiner	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 examiner's		report
Statement offinancial	activities
Balance sheet
Notes to the financial	statements		7-13

				Unrestricted	Unrestricted
				funds	funds
				2023	2022
			Notes	f	6
Income from:
Investment income			2	14,673	119,608
E~dlt
Charitable activities			3	189,764	195,886
Nst gains/(losses)		on investments	8	(264,029)	(70,758)
Nst movement	In	funds		(439,120)	(147,036)
Fund balances	at 6 April 2022			4,606,373	4,753,409
Fund balances	at	5April 2023		4,167,253	4,606,373

						2023		2022
					Notes	f		f
Fixed assets
Investmsnts					10		4,122,420		4,257,259
Current assets
Debtors						1,644		3,832
Cash at bank	and	in	hand			30,941		17,783
Cash with stockbrokers						31,100		347,686
						63,685		369,301
Creditors: amounts			falling due within
one year					12	(18,852)		(20,187)
Nst current assets							44,833		349,114
Total assets	less	current liabilities					4,167,253		4,606,373
Income funds
Unrestricted	funds						4,167,253		4,606,373
							4,167,253		4,606,373
Th nancial	statements			were approved	by the Trustees	on ........t..

3	Charitable	activities
			2023	2022
			F	f
	Grant funding ofactivities (see note 4)		107,933	84,068
	Support costs (see note 5)		68,650	92,520
	Governance	costs (see note 5)	13,181	19,298
			189,764	195,886

Grants payable
				2023 f.	2022f
Grants:
The Peter Jest Travel Fund				34,204	4,935
International Tribology Council				1,829
Alzheimsr's Reseach UK				23,000	23,333
St Mungo's				1,200	1,000
The British Rsd Cross Society					5,100
Science and Technology Foundation		Trust		9,000	8,000
The Trinity Centre, Cardiff					1,000
Magpas Air Ambulance					1,000
Nottingham University (Philip Shipway's			Tribology Research Project)	4,500
Institution of Engineering and Technology			- Student sponsorship		11,000
Tribo UK annual conference				2,000	2,000
NF2 Bio Solutions UK				25,000
Royal National Institute for Deaf People					25,000
Hearing Dogs for Deaf People				2,000
Ty Hafan Chlldrens' Hospice				1,000
Arthur Rank Hospice Charity				1,000
Other organisations and charities,	all	below f1,000 each		3,200	1,700
				107,933	84,068

Support and	governance	costs
		Support	Governance	2023Support	costs	Governance	2022
		costs	costs			costs
		f				f
Staff costs		21,073		21,073	21,656		21,656
Rent and rates		3,774		3,774	3,773		3,773
Insurance		1,364		1,364	707		707
Computer costs		101		101	301		301
Office supplies		38		38	23		23
Telephone		1,306		1,306	488		488
Bank charges		3,708		3,708	430		430
property expenses					16,316		16,316
Stockbrokers	fees	37,286		37,286	32,708		32,708
Interest payable					71		71
Legal and professional fees					16,047		16,047
Accountants'	fees		8,332	8,332		6,083	6,083
Independent fees	Examiner's		1,314	1,314		1,260	1,260
Administration	costs.		3,535	3,535		11,955	11,955
		68,650	13,181	81,831	92,520	19,298	111,818
Allocated to:
Charitable activities		68,650	13,181	81,831	92,520	19,298	111,818

		2023	2022
		Number	Number
Administration	staff
Employment	costs	2023f	2022 F
Wages and salaries Pension costs		20,660 413	21,243 413
		21,073	21,656

2023	2022
F	f
(264,029)	(70,758)

Fixed ass	et investments
		Listed
		investments
		f
Cost or valuation
At 6April 2022		4,257,259
Additions		1,109,132
Valuation	changes	(335,505)
(3isposats		(908,466)
At 5 April	2023	4,122,420
Carrying	amount
At 05 April	2023	4,122,420
At 05 April 2022		4,257,259

11	Debtors
	Amounts	falling due within one		year:			2023 f	2022f
	Other debtors						1,644	3,832
12	Creditors: amounts		falling due within		one	year
							2023	2022
							f	6
	Other creditors						18,852	20,187
13	Analysis	ofnet assets between		funds
							Unrestricted	Unrestricted
							funds	funds
							2023	2022
							f	f
	Fund balances at 5 April 2023 are represented					by:
	Investments						4,122,420	4,257,259
	Current	assets/(liabilities)					44,833	349,114
							4,167,253	4,606,373

						2023 6		2022f
INCOME
Investment income
Income from managed		funds				86,149		38,443
Realised profit/(loss)		on sale of investments				(71,476)		81,165
Donations and legacies			receivable
Legacies receivable
Donation
Other recognised	gains		and losses
Unrsalised losses on		investment		assets		(264,029)		(70,758)
						(249,356)		48,850
EXPENDITURE
Grants payable in	furtherance			ofthe Foundation's	objects
Grants and donations		paid during		the year		107,933		84,068
Support and governance			costs
Staff costs					21,073		21,656
Rent and rates					3,774		3,773
Insurance					1,364		707
Computer costs					101		301
Office supplies					38		23
Telephone					1,306		488
Bank charges					3,708		430
Property expenses							16,316
Stockbrokers fess					37,286		32,708
Interest payable							71
Legal and professional		fees					16,047
Accountants' fess					8,332		6,083
Independent Examiners fees					1,314		1,260
Administration costs					3,535		11,955
						81,831		111,818
						189,764		195,886
Total income for the	year					(249,356)		48,850
Total expenditure for the year						(189,764)		(195,886)
Net expenditure for		ths	year			(439,120)		(147,036)