2023-07-31-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
					2023	2022
				Note			f
Income from:
Investments					75,093		81,408
Expenditure on:
Raising funds:
Investment management		charges			11,762	13,080
Charitable activities:
Research grants				4
Administration costs				5	9,808	9,279
Total					(21,570)		(22,359)
Net gains on investments:
Realised (losses)/gains		on investment	assets		(13,125)	(33,822)
Unrealised (losses)/gains		on investment		assets	(42,085)	(37,022)
					(55,210)		(70,844)
Net movement in funds					(1,687)		(11,795)
Reconciliation offunds:
Total funds brought	forward				2,163,852		2,175,647
Total funds carried forward					2,162,165		2,163,852

		Note		2023	2022
FIXEDASSETS
Investments				2,695,419	2,871,450
CURRENT ASSETS
Debtors				299	63,792
Cash at bank				14,750	17,866
				15,049	81,658
LESS:CURRENT	LIABILITIES
Creditors: amounts	falling due within
one year		8	248,303		249,256
NET CURRENT LIABILITIES				(233,254)	(167,598)
TOTAL ASSETLESS CURRRENT		LIABILITIES		2,462,165	2,703,852
Creditors: amounts	falling due after
more than one year		8		300,000	540,000
NET ASSETS				2,162,165	2,163,852
FUNDS
Unrestricted general	fund
-Unallocated funds				2,162,165	2,163,852

		2023	2022
3.	INVESTMENT INCOME	f	f.
	Dividends received	57,795	67,976
	Interest received	15,725	13,393
	Other interest	1,390	27
	Bank interest received	183	12
		75,093	81,408

						2023	2022
4.	ANALYSIS OF RESEARCH	GRANTS
	Grants to Royal Brompton Hospital:
	Asmarley Chair, Lectureship	and		Fellowship	Position
5.	ADMINISTRATION COSTS
	Governance costs
	Trustees' expenses and professional			fees		8,423	7,860
	Independent examiner's fee					1,320	1,320
	Bank charges					66	99
						9,808	9,279
6.	FIXEDASSETINVESTMENTS
	Movement in fixed asset investments
	At 1stAugust 2022					2,871,450	3,181,115
	Additions at cost					364,190	345,723
	Proceeds ofdisposals					(485,011)	(584,544)
	Realised investment (losses) / gains					(13,125)	(33,822)
	Unrealised investment (losses) /		gains			(42,085)	(37,022)
	At 31stJuly 2023					2,695,419	2,871,450
	Investments at 31stJuly 2023		comprised:
	Equities —managed					2,400,496	2,441,794
	Fixed interest securities - managed					191,701	307,338
	Cash held within the investment		portfolio			103,222	122,318
	Total					2,695,419	2,871,450
	Historical cost at 31stJuly 2023					2,115,022	2,324,438

		2023	2022
			f.
7.	DEBTORS
	Interest receivable	299	238
	Funds receivable		63,554
		299	63,792
8.	CREDITORS
	Amounts falling due within one year
	Accruals and deferred income	8,303	9,256
	Grants payable	240,000	240,000
		248,303	249,256
	Amounts falhng due after more than one year
	Grants payable	300,000	540,000

						2023	2022
							f.
10.	FINANCIAL INSTRUMENTS
	The canying 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)			2,695,419	2,871,450
	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					(55,210)	(70,844)