2021-03-31-accounts

				Page
General information
Trustee' annual report
Independent	examiner's		report
Statement of	financial	activities
Balance sheet
Notes to the	financial	statements

Trustees				The Hon Sir Rocco Forte The Hon Mrs0 M LA Polizzi	(Chairman) di Sorrentino	CBE
				T N Scade MBE
				A McKenzie
				G Booth
Correspondent		and principal	address	The Trustees
				c/o Judy Lewendon
				70Jermyn Street
				London
				SWIY 6NY
Charity number				298100
Independent	examiner			G Smye-Rumsby
				Dixon Wilson
				22 Chancery Lane
				London
				WC2A ILS
Bankers				C Hoare &Co
				37Fleet Street
				London
				EC4P 4DQ
Investment	managers			Investec Wealth &Investment	Limited
				30Gresham Street
				London
				EC2V7QN

						General fund
					U
					2021	2020
Income
Investment income					64,598	90,989
Donations in kind					5,000	7,500
Total income					69,598	98,489
Expenditure
Costs ofgenerating	funds
- Investment management		costs			(16,877)	(I7,6/8)
Expenditure on charitable		activities:
- Grants					(25,000)	(120,500)
- Governance costs					(5,270)	(7,606)
					(30,270)	(l28,/06)
Total expenditure					(47,147)	('145,724)
Net gains/(losses) on investments					500,315	(334,117)
Net income/(expenditure)			for the year and net movement	in funds	522,766	(38l,352)
Total funds brought	forward at		I April 2020		2,459,809	2,841,/61
Total funds carried forward			at 31 March 2021		2,982,575	2,459,809

			Note	2021	2020
Fixed assets
Investments at market	value			2,823,387	2,225,336
Current assets
Debtors				2,675	2,677
Cash and cash equivalents				185,868	236,049
				188,543	238,726
Creditors: Amounts	falling	due within one year		(29,355)	(4,253)
Net current assets				159,188	234,473
Net assets				2,982,575	2,459,809
General fund- unrestricted		funds (page 6)		2,982,575	2,459,809

2.	Investment		income				2021	2020
							E.	E
Dividends		and interest		from listed	investments		64,598	90,989
3.	Donations		in	kind			2021	2020
							E	E
Pro-bono		independent		examination	and accountancy	fees	5,000	7,500

4. Grants								2021	2020
								6	6
Grants to institutions	that provide		training		courses	in the hospita/ity	industry:
Edinburgh Napier University									5,000
Hotel School									/0,000
Perth College Development		Trust							2,000
Queen Margaret University,		Edinburgh							15,000
Springboard Charitable	Trust								/ /,000
The Innho/ders' Charitable		Foundation		(Master Innho/ders)					/0,000
The Wine Guild Charitable		Trust						25,000	60,000
University of P/ymouth									5,000
University of Strathc/yde									2,500
								25,000	/20,500
5. Governance	costs							2021	2020
								6	6
Pro-bono independent	examination		fees					1,000	1,000
Pro-bono accountancy	fees							4,000	6,500
Website development	costs								86
Bank charges								270	20
								5,270	7,606

7. Fixed asset investments	2021
	6
Listed Investments
Market value at I April 2020	2,225,336
Additions at cost	40/,550
Disposal proceeds	(303,814)
Net gains on investments	500,315
Market value at 31 March 2021	2,823,387

8.	Debtors		2021	2020
				E
Accrued interest			2,675	2,677
9.	Creditors: amounts	falling due within one year	2021	2020
			E	E
Grants	payable		25,000
Management fees			4,355	4,253
			29,355	4,253

II. Financial instruments		2021	2020
		E	E
Financial assets at fair value
Investments		2,823,387	2,225,336
Financial assets at amortised cost
Accrued interest		2,675	2,677
Cash and cash equivalents		185,868	236,049
		188,543	238,726
Financial liabilities at amortised	cost
Grants payable		25,000
Management fees		4,355	4,253
		29,355	4,253