2021-04-05-accounts

			Page
Reference and administrative details
Report ofthe	trustees	2	to	4
Independeat	examiner's report
Statement of	financial activities
Balance sheet
Notes to the financial statements		8	to	14

						2021	2020
					Expendable
				Unrestricted	Endowment	Total	Total
				fund	Fund	funds	funds
			Notes				6
INCOME AND ENDOWMENTS FROM
Investment income			2	158,089		158,089	227,478
EXPENDITURE	ON
Raising funds					123,045	123,045	118,039
Charitable activities
Support costs				25,091		25,091	27,966
Grants				77,500	20,000	97,500	257,500
Total				102,591	143,045	245,636	403,505
Net gains/(losses)	on investnients				4,919389	4,919,3811	~835 8133
NET INCOME/(EXPENDITURE)				55,498	4,776,335	4,831,833	(1,014,840)
Transfers between funds				~55,4983	55,498
Net movement in	funds				4,831,833	4,831,833	(1,014,840)
RECONCILIATION		OF FUNDS
Total funds brought		forward			12,233,925	12,233,925	13,248,765
TOTAL FUNDS CARRIED FORWARD					17,1165,758	17,1165,758	1223',925

					2021	2020
				Expendable
			Unrestricted	Fndowment	Total	Total
			fuliil	Fultd	funds	funds
		Notes	f
FIXED ASSETS
Investments				16,237,998	16,237,998	11,715,309
CURRENT ASSETS
Debtors				13,905	13,905
Cash at bank				843,630	843,630	777,686
				857,535	857,535	777,686
CREDITORS
Aniounts falling due withm	one year	10		(29,775)	(29,775)	(259,070)
NET CURREN'I' ASSI'.TS				827,760	827,760	518,616
TOTAL ASSETSLESSCURRENT
LIABILITIES				17,065,758	17,065,758	12,233.925
NET ASSETS				17,065,758	17065,758	12,233,925
FUNDS
Endowment funds					17,065,758	12,233.925
TOTAL FUNDS					17,065,758	12,233.925

Raising d	onations an	d legacies
				2021	2020
Stonehage	Fleming/R	F Trustee Co	fees	1,598	2,243
Rothschild	Investment	management	fees	121,447	115,796
				123,045	118,039
GRANTS	PAYABLE
				2021	2020
Grants				97,500	257,500
The total grants paid to institutions			during the year was as follows:
				2021	2020
				8
Cambridge	House Opera Contpany				15,000
Children's	Burns Trust				25,000
Gerry's Pompeii					25,000
Hands Vp	Foundation	(Syria)			15,000
New English Ballet Trust				25,000	50,000
Other donations made		(under $15,000)		37,500	127,500
Manchester	Global Foundation			15,000
Museum ofMusic History				20,000
				97,500	257,500

	Governance
Finance	costs	Totals
	5	5
228	24,863	25,091
	2021	2020
	Support	Total
	costs	activities
	228	200

				Expendable
			Unrestricted	Endowment	Total
			fund	Fund	funds
INCOME AND ENDOWMENTS		FROM
Investment income			227,478		227,478
EXPENDITURE ON
Raising funds				118,039	118,039
Charitable activities
Support costs			27,966		27,966
Grants			207,500	50,000	257,500
Total			235,466	168,039	403,505
Net gains/(losses) on investments				~838.8)3)	~838813)
NET INCOME/(EXPENDITURE) Transfers between funds			(7,988) 7.988	(1,006,852) ~7.988)	(1,014,840)
Net movement in funds				(1,014,840)	(1,014,840)
RECONCILIATION	OF FUNDS
Total funds brought	forward			13,248,765	13,248,765
TOTAL FUNDS CARRIED FORWARD				12,233,925	12,233,925

8.	FIXEDASSETINVESTMENTS	FIXEDASSETINVESTMENTS	FIXEDASSETINVESTMENTS
					Listed	Unlisted
					investments	investments	Totals
					5
	MARKET VALUE
	At 6 April 2020				11,163,685	5513624	11,715,309
	Additions				2,980,579	176,023	3,156,602
	Disposals				(2,553,381)	(267,468)	(2,820,849)
	Revaluations Reclassification/transfer				4,615,415 ~21,9)7)	(428,479) 21,917	4,186,936
	At 5 April 2021				161114381	53617	1623799~
	NET BOOK VALUE
	At 5 April 2021				16,184,381	53,617	16,237,998
	At 5 April 2020				11,163,685	551,624	11,715,309
	Cost or valuation	at 5 April 2021 is represented		by:
					Listed	Unlisted
					investments	investments	Totals
					8	8
	Historic cost Valuation				II9297981I 4,886, 5711	1049596 ~5ll, 979)	11,402,407 4,835,591
					16,184,381	53,617	16,237,998
	DEBTORS:AMOUNTS		FALLING DUE WITHIN ONE YEAR
						2021	2020
						8
	Prepayments and	accrued	income			13,905
10.	CREDITORS: AMOUNTS FALI.ING DUE			WITHIN ONE YEAR
						2021	2020
							f.
	Other creditors					29,775	259,070
11.	MOVEMENT IN FUNDS
					Net	Transfers
					movement	between	At
				At 6.4.20	in funds	funds	5.4.21
	Unrestricted funds
	General fund				55,498	(55,498)
	Endowment funds
	Expendable Endowment		Fund	12,233,925	4,776,335	55,498	17,065,758
	TOTAL FUNDS			12,233,925	4,831,833		17,065,758

					Incoming	Resources	Gains and	Movement
					resources	expended	losses	in funds
								6
Unrestricted		funds
General fund					158,089	(102,591)		55,498
Endowment		funds
Expendable	Endowment		Fund			(143,045)	4,919,380	4,776,335
TOTAL FUNDS					158,089	~245,636)	4&919,380	4,831,833
Comparatives		for movement		in funds
						Net	Transfers
						movement	between	At
					At 6.4.19	in funds	funds	5.4.20
Unrestricted		funds
General fund						(7,988)	7,988
Endowment		funds
Expendable	Endowment		Fund		13,248,765	(1,006,852)	(7,988)	12,233,925
TOTAL FUNDS					13.248.765	~3,434,8483		12233,925

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
				6
Unrestricted	funds
General fund			227,478	(235,466)		(7,988)
Endowment	funds
Expendable	Endowment	Fund		(168,039)	(838,813)	(1,006,852)
TOTAL FUNDS			227,478	(403,505)	(838,813)	(1,014,840)