2022-07-31-accounts

CONTENTS			PAGE
Report ofthe	Trustees
Statement of	Financial	Activities
Balance Sheet
Notes to the Accounts
Independent	Examiners'	Report to the Trustees	13

					Unrestricted	Funds
					2022	2021
				Note
Income from:
Investments					81,408	66,410
Expenditure on:
Raising funds:
Investment management		charges			13,080	12,890
Charitable activities:
Research grants
Administration costs					9,279	8,520
Total					(22,359)	(21,410)
Net gains on investments:
Realised (losses)/gains		on	investment	assets	(33,822)	49,777
Unrealised (losses)/gains			on investment	assets	(37,022)	412,372
					(70,844)	462,149
Net movement in funds					(11,795)	507,149
Reconciliation offunds:
Total funds brought	forward				2,175,647	1,668,498
Total funds carried	forward				2,163,852	2,175,647

		Note		2022		2021
FIXEDASSETS
Investments				2,871,450		3,181,115
CURRENT ASSETS
Debtors			63,792			2,202
Cash at bank			17,866			20,517
			81,658			22,719
LESS:CURRENT	LIABILITIES
Creditors: amounts	falling due within
one year		8	249,256			248,187
NET CURRENT LIABILITIES				(167,598}		(225,468}
TOTAL ASSETLESSCURRRENT		LIABILITIES		2,703,852		2,955,647
Creditors: amounts	falling due after
more than	one year	8			540,000	780,000
NET ASSETS				2,	163,852	2,175,647
FUNDS
Unrestricted general	fund
- Unallocated funds				2,163,852		2,175,647

		2022	2021
3.	INVESTMENT INCOME		E
	Dividends received	67,976	52,259
	Interest received	13,393	14,058
	Other interest	27	92
	Bank interest received	12	1
		81,408	66,410

					2022	2021
4.	ANALYSIS OFRESEARCH	GRANTS
	Grants to Royal Brompton Hospital:
	Asmarley Chair, Lectureship	and	Fellowship	Position
5.	ADMINISTRATION COSTS
	Governance costs
	Trustees' expenses and professional		fees		7,860	7,126
	Independent examiner's fee				1,320	1,290
	Bank charges				99	104
					9,279	8,520
6.	FIXEDASSETINVESTMENTS
	Movement in fixed asset investments
	At 1stAugust 2021				3,181,115	2,927,468
	Additions at cost				345,723	391,020
	Proceeds ofdisposals				(584,544)	(599,522)
	Realised investment (losses) / gains				(33,822)	49,777
	Unrealised investment (losses) /	gains			(37,022)	412,372
	At 31stJuly 2022				2,871,450	3,181,115
	Investments at31stJuly 2022	comprised:
	Equities - managed				2,441,794	2,767,839
	Fixed interest securities -managed				307,338	384,602
	Cash held within the investment	portfolio			122,318	28,674
	Total				2,871,450	3,181,115
	Historical cost at 31stJuly 2022				2,324,438	2,516,210

		2022	2021
7.	DEBTORS
	Dividend income		2,025
	Interest receivable	238	177
	Funds receivable	63,554
		63,792	2,202
S.	CREDITORS
	Amounts falling due within one year
	Accruals and deferred income	9,256	8,187
	Grants payable	240,000	240,000
		249,256	248,187
	Amounts falling due after more than one year
	Grants payable	540,000	780,000

						2022	2021
10.	FINANCIAL INSTRUMENTS
	The carrying amounts of	the	charity's
	financial instruments are as follows:
	Financial assets:
	Measured at fair value	through			net
	income/expenditure:
	Fixed asset listed investments	(note	6)			2,871,450	3,181,115
	The net (losses) / gains attributable			to	the
	charity's financial instruments				are
	summarised as follows:
	Net (losses) / gains (including	changes		in
	fair value):
	Financial assets measured	at fair		value
	through net income/expenditure					(70,844)	462,149