CHARITY NO.. 299963 THE WOODWARD CHARITABLE TRUST ANNUAL REPORT 5 APRIL 2D21 Tho Peak SWiltDn Ro¥d [￿￿ort SWIV IAP |`TEN`|`TS`|`PAGE`| |---|---|---| |`1`|`TheTrustees’Report`|`2-12`| |`2`|`IndependentAuditors’Report`|`13-16`| |`3`|`StatementofFinancialActivities`|`17`| |`4`|`BalanceSheet`|`18`| |`5`|`CashFlowStatement`|`19`| |`6`|`NotestotheAccounts`|`20-27`| ## ## ## |`Trustees`|`MrsC D Woodward`|| |---|---|---| ||`MrS A Woodward`|| ||`MrTRG Hunniwood`|| ||`MrsE L D Mills`|| ||`Miss`
`OM V Woodward`|| ||`Miss`
`KMR Woodward`|| |`Registered`|`ThePeak,5 WiltonRoad,`|`LondonSW1V1AP`| |`Office`||| |`Website`|`www.woodwardcharitabletrust.org.uk`|| |`Principal`|`MrsK Everett`|`ChiefOperatingOfficer`| |`Officers`|`MrsK Hooper`|`Executive`| |`Bankers`|`Child& Co`|| ||`1FleetStreet`|| ||`LondonEC4Y1BD`|| |`Solicitors`|
`PortraitSolicitors`|| ||
`21WhitefriarsStreet`|| ||
`LondonEC4Y8JJ`|| |`Auditors`|
`SafferyChampnessLLP`|| ||
`71QueenVictoriaStreet`|| ||
`London`|| ||
`ECAV4BE`|| |`Investment`|
`JP MorganInternationalBankLimited`|| |`Advisers`|
`1Knightsbridge`|| ||
`LondonSW1X7LX`|| |`Investment`|
`TheTrustDeedempowers`|`theTrusteestoappointinvestmentadviserswho`| |`Powers`|
`havediscretiontoinvestthefundsoftheTrustwithinguidelinesestablished`|| ||
`bytheTrustees.`|| |`Objects`|
`TheobjectsoftheTrustasgivenintheTrustDeedareforgeneralcharitable`|| ||
`purposes.`|| ## ## ## ## ## ## ## ## ## ## ||
`NewGrants`|
`Approved`|
`Payments`|
`Made`| |---|---|---|---|---| ||
`Number`|
`£`|
`£`|
`Number`| |`Arts`|
`11`|
`20,959`|
`19,959`|
`14`| |`CommunityandSocialWelfare`|`91`
|`117,706`|`83,910`|`61`| |`DisabilityandHealth`|`12`

|`38,325`
|`48,943`
|`20`
| |`Education`|`7`

|`36,250`
|`20,250`
|`11`
| |`SummerSchemes`|`18`

|`16,240`
|`16,240`
|`18`
| ||
`139`

|
`229,480`
|
`189,302`
|
`124`
| ## ## ||`£`| |---|---| |`CascadeTheatreCompany`|`1,000`| |`CreativeWavesCommunityArtsCIC`|`1,000`| |`GramophonesTheatreCompany`|`750`| |`HamptonsInternationalFilmFestival,Inc`|`7,459`| |`HarrowSteel`|`750`| |`MaDTheatreCompany`|`1,500`| |`Outreach& CommunityActionProject`|`750`| |`PimlicoMusicalFoundation`|`1,000`| |`SchoolGroundSounds`|`1,000`| |`SmallPerformanceAdventures`|`500`| |`ThePlayHouseBirminghamLtd`|`1,500`| |`WeMoveDanceCIC`|`1,000`| |`WyldwoodArtsCIC`|`1,000`| |`YoungWomen'sMusicProject`|`750`| ## |||`£`| |---|---|---| |`ApproachableParenting`||`1,000`| |`BabbasaYouthEmpowerment`||`2,000`| |`BabyEquipmentLoansServiceHowdon(Bels)`||`1,000`| |`BalticStreetAdventurePlayground`||`1,000`| |`BeKindMovement`||`750`| |`BlackHealthInitiative`||`1,000`| |`BrunswickYouthandCommunityCentre`||`1,500`| |`ChildhoodTrust`||`3,690`| |`ConcreteGarden`||`1,000`| |`CopperdaleTrust`||`2,000`| |`Cowshed`||`1,000`| |`CREST(CompactforRaceEqualityinSouth Tyneside)`||`1,000`| |`CrosswayPregnancyCrisisCentre`||`2,000`| |`Empowr-UCIC`||`1,500`| |`Escapeline`||`1,000`| |`Estudiantes`||`1,000`| |`ExodusProject`||`2,000`| |`FreedomCharity`||`500`| |`FriendsofHolcot`||`800`| |`FriendsofStourConnect`||`750`| |`GiveA Book`||`2,000`| |`GoodThingsFoundation`||`3,690`| |`GoodVibrations`||`1,000`| |`HealthEnergyAdviceTeam(HEAT)`||`1,000`| |`Home-StartSouthWiltshire`||`750`| |`Hometruths`||`1,000`| |`HopefortheYoung`||`2,000`| |`HotLineMealsService(London)`||`1,000`| |`HouseofBread`||`1,000`| |`HumansMCR`||`2,000`| |`KidsKitchenCollectiveCIC`||`1,000`| |`KindfulnessCoffeeClub`||`750`| |`KittiwakeTrust`||`1,500`| |`LeedsDads`||`1,000`| |`MuirheadOutreachProject`||`750`| |`MYTIME`||`1,000`| |`NationalEmergenciesTrust`||`3,690`| |`NeneValleyCareTrust`||`1,000`| |`NorthWestWomen'sCentre`|`.`|`1,000`| |`OasisCommunityHub:AshburtonPark`||`2,000`| |`ParentalEducationGrowthSupportCIC`||`600`| |`PlayRadnor`
||`1,000`
| |`Prospex`|`1,000`| |---|---| |`ProvidingEx-OffendersPositiveLearningEnvironments`|`1,000`| |`Rainworth& BlidworthDetachedYouthProject`|`1,000`| |`ReasonsWhyFoundation`|`1,000`| |`Regener8ingCymru`|`1,500`| |`Reprieve`|`3,000`| |`SaintMarksCommunityCafe`|`500`| |`Samphire- (formerlyknownasDoverDetaineeVisitorGroup)`|`1,500`| |`SkoolofStreet`|`1,500`| |`SolidaritySports`|`1,000`| |`StandAgainstViolence`|`2,500`| |`StepNowGlobalCIC`|`1,000`| |`StringofHeartsCIC`|`1,000`| |`TCD(TimestepCommunityDance)`|`1,000`| |`TeamOasis`|`1,500`| |`UrbanDevotionBirmingham`|`1,000`| |`Women'sAidFederationofEngland`|`3,690`| |`YoungAsianVoices(YAV)`|`2,000`| ## ||`£`| |---|---| |`ATTheBus`|`1,000`| |`Autus- Hao2.euFoundation`|`1,000`| |`CommonGroundCollective`|`1,000`| |`CuedSpeechAssociationUK`|`1,000`| |`GlyndebourneProductionsLtd`|`5,000`| |`JobsFriendsandHousesCIC`|`1,000`| |`LittleTreasures`|`1,000`| |`MentalFightClub`|`1,000`| |`Noah'sArkFamilyProject`|`750`| |
`OneConversation`
|
`575`
| ## ||`£`| |---|---| |`AndoverTreesUnited`|`1,000`| |`AspireNI`|`1,000`| |`ChampionsFunLearningCentre`|`1,000`| |`ChefsinSchools`|`1,000`| |`Eagle'sNestProject`|`1,000`| |`Life& SoulYouthwork`|`1,000`| |`MagicLantern`|`1,000`| |`ProjectEileenCIO`|`750`| |`QuestforLearning`|`2,500`| |`TheGrange`|`5,000`| |`TheSainsburyArchive`|`5,000`| ## ||`£`| |---|---| |`AckworthCommunityLibrary`|`650`| |`AutismVoiceLimited`|`1,000`| |`BalsallHeath CATS(ChildrenActionTeamSupport)`|`1,000`| |`BramptonYouthGroup`|`750`| |`ColwallCommunityChurch`|`1,000`| |`DovecoteVoluntaryParentCommittee`|`1,000`| |`HardwickinPartnership`|`840`| |`HeartofTamworthCommunityProject`|`1,000`| |`HiveSilsdenCIO`|`1,000`| |`InterActiveWhitbyandDistrict`|`1,000`| |`KingfisherPre-school`|`1,000`| |`MalvernCubeProjects`|`1,000`| |`OasisCommunityHub:Wintringham`|`1,000`| |`OpeningDoorsProject`|`1,000`| |`SouthamptonChildren'sPlayAssociation`|`500`| |`Sport-TecintheCommunity`|`1,000`| |`UnityCommunityAssociation,Liverpool`|`1,000`| |`WallsendMemorialHall& People’sCentre`|`500`| ## ## ## ## ## ## ## ## ## ## ## ## |||`Unrestricted`|`Expendable`|`TotalFunds`|| |---|---|---|---|---|---| ||`Notes`|

`Funds`|
`Endowment`|
`2021`|
`2020`| |||
`£`|
`f`|
`f`|
`£`| |`Income`|||||| |`Investments`|`2`|`158,255`|`-`|`158,255`|`168,202`| |`Bankdepositinterestandotherincome`||`319`|`-`|`319`|`1,478`| |`TotalIncome`||

`158,574`|

`-`|

`158,574`|

`169,680`| |`Expenditure`|||||| |`Costofraisingfunds:`|||||| |`Investmentmanagementcosts`||`-`|`85,547`|`85,547`|`89,200`| |`Charitableactivities:`|||||| |`Grant-making:`|||||| |`Grantexpenditure`|`3`|`213,980`|`-`|`213,980`|`190,543`| |`Grantrelatedsupportcosts`|`4`|`86,940`|`-`|`86,940`|`76,572`| |`TotalExpenditure`||
`300,920`|
`85,547`|
`386,467`|
`356,315`| |`Netoperatingdeficit`||
`(142,346)`|
`(85,547)`|
`(227,893)`|
`(186,635)`| |`Netgains/(losses)oninvestments`|`7`|`-`|`1,619,438`|`1,619,438`|`(36,948)`| |`Exchangeandcurrencygains/(losses)`|`1`|`-`|`388,504`|`388,504`|`(236,329)`| |`Transfersbetweenfunds`|`10`|`142,346`|`(142,346)`|`-`|`-`| |`Netmovementinfunds`||
`-`|
`1,780,049`|
`1,780,049`|
`(459,912)`| |`Reconciliationoffunds:`|||||| |`Totalfundsbroughtforward`||`-`|`10,162,816`|`10,162,816`|`10,622,728`| |`Totalfundscarriedforward`||
`-`
|
`11,942,865`
|
`11,942,865`
|
`10,162,816`
| ## ||`Notes`
||`2021`
|`2020`
| |---|---|---|---|---| |||`£`
|`£`
|`£`
| |`FIXEDASSETS`||||| |`Tangiblefixedassets`|`6`||`3,897`|`2,240`| |`Investments`|`7`||`12,049,123`
|`10,465,700`
| |||
|`12,053,020`

|`10,467,940`

| |`CURRENTASSETS`||||| |`Debtors`|`8`|`862`||`16,731`| |`Cashatbankandinhand`||`47,241`||`39,905`| |||`48,103`||`56,636`| |`CURRENTLIABILITIES`||||| |`Creditors- amountsfallingduewithin1 year`|`9`|`158,258`||`361,760`| |`NETCURRENTLIABILITIES`|||`(110,155)`|`(305,124)`| |`NETASSETS`||
|`11,942,865`

|`10,162,816`

| |`CAPITALFUNDS`||||| |`Expendableendowment`|`10`||`11,942,865`|`10,162,816`| |`INCOMEFUNDS`||||| |`Unrestrictedfunds`|`10`||`-`|`-`| |||
|`11,942,865`

|`10,162,816`

| ## ## ## |`Cashflowsfromoperatingactivities:`||| |---|---|---| ||
`2021`|
`2020`| ||
`f`|
`£`| |
`Netcashusedinoperatingactivities`|
`(572,517)`|
`(225,528)`| |
`Cashflowsfrominvestingactivities:`||| |`Dividendsandinterest`|`158,574`|`169,680`| |`Purchaseofinvestments`|`(13,123,787)`|`(6,097,814)`| |`Saleofinvestments`|`13,428,826`|`6,310,899`| |
`Fixedassetadditions`|
`(3,240)`|
`-`| |

`Netcashprovidedbyinvestingactivities`|

`460,373`|

`370,546`| |`Changeincashandcashequivalentsintheyear`|`(112,144)`|`157,237`| |`Cashandcashequivalentsatthebeginningoftheyear`|`297,030`|`152,012`| |
`Changeincashandcashequivalentsduetoexchangeratemovements`|
`(85,378)`|
`(12,219)`| |

`Cashandcashequivalentsattheendoftheyear`|

`99,508`|

`297,030`| |`Reconciliationofnetexpendituretonetcashflowfromoperatingactivities`||| ||`2021`|`2020`| ||
`£`|
`E`| |`Netmovementinfunds(asperthestatementoffinancialactivities)`|`1,780,049`|`(459,912)`| |`(Gains)/lossesoninvestments`|`(1,619,438)`|`36,948`| |`Dividendsandinterest`|`(158,574)`|`(169,680)`| |`Depreciationcharges`|`1,583`|`1,120`| |`Decrease/(increase)indebtors`|`15,869`|`(16,731)`| |`(Decrease)/increaseincreditors`|`(203,502)`|`146,398`| |`Exchangeandcurrency(gains)/losses`|`(388,504)`|`236,329`| |

`Netcashusedinoperatingactivities`|

`(572,517)`|

`(225,528)`| ## ||||`Changein`| |---|---|---|---| ||
`2021`|
`2020`|
`year`| |`Cashatbankandinhand`|`47,241`|`39,905`|`7,336`| |`Cashheldforreinvestment(aspernote7)`|`52,267`|`257,125`|`(204,858)`| ||
`99,508`
|
`297,030`
|
`(197,522)`
| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||`2021`|||`2020`| |---|---|---|---|---|---|---| |||
`£`|

`%`|
`£`||
`%`| ||`Fixedinterest`|`70,776`|
`45`|`63,206`||`38`| ||`Equities`|`62,794`|
`40`|`68,723`||`41`| ||`Socialimpactinvestments`|`24,685`|
`15`|`36,273`||`22`| ||
|

`158,255`|


`100`|

`168,202`|
|

`100`| |`.`|`ANALYSISOFGRANTS`|||||| ||||`2021`|||`2020`| |||
`£`|
`£`|
`£`||
`£`| ||`Reconciliationofgrantspayable:`|||||| ||`Commitmentsat6 April2020`||`69,805`|||`185,244`| ||`Grantsnotaccruedat6 April2020`|`-`||`-`||| ||`Grantsapprovedintheperiod`|`229,480`||`191,043`||| ||`Grantscancelled,refundedoramended`|`(500)`||`(500)`||| ||`Grantsnotaccruedat5 April2021`|`(15,000)`||`-`||| ||`Grantspayablefortheperiod`||`213,980`|||`190,543`| ||`Grantspaidduringtheperiod`||`(189,302)`|||`(305,982)`| ||`Commitmentsat5 April2021`||`94,483`||`~69,805`|| ||`Commitmentsat5 April2021arepayableasfollows:`|||||| ||||`2021`||`__`|
`2021`| ||||`£`|||`£`| ||`Withinoneyear(note9)`||`94483`
`94,483`||`____69,805`|| ## |`Theamountpayableintheperiodconsistedofthefollowing:`|| |---|---| |`Arts`
`HamptonsInternationalFilmFestival,Inc`|`£`
`7,459`| |`RoyalOperaHouseCoventGardenFoundation`|`5,000`| |`9grantswerealsopayabletotalling`|`8,500`| |`CommunityandSocialWelfare`|| |
`CASSPLUS`|`2,500`| |`CELLSProjectCIC`|`2,850`| |`ChildhoodTrust,The`|`3,690`| |`GoodThingsFoundation`|`3,690`| |`NationalEmergenciesTrust`|`3,690`| |`Reprieve`|`3,000`| |`StandAgainstViolence`|`2,500`| |`Women'sAidFederationofEngland`|`3,690`| |`84grantswerealsopayabletotalling`|`91,596`| ## ## ||`DisabilityandHealth`|| |---|---|---| ||
`GlyndebourneProductionsLtd`|`5,000`| ||`PaulCottinghamTrust`|`3,000`| ||`RosePatersonTrust,The`|`2,500`| ||`UniversityofSouthampton,DepartmentofPsychology`|`20,000`| ||`8grantswerepayabletotalling`|`7,825`| ||`Education`|| ||`Grange,The`|`5,000`| ||`QuestforLearning`|`2,500`| ||`SainsburyArchive,The`|`10,000`| ||`4grantswerepayabletotalling`|`3,750`| ||
`SummerSchemes`|| ||
`18grantswerepayabletotalling`|`16,240`| ||`TotalgrantspayableperStatementofFinancialActivities`|`213,980`| |`.`|`ALLOCATIONOFSUPPORTANDGOVERNANCECOSTS`|| ||`2021`|
`2021`|`2021`|`2020`| |---|---|---|---|---| ||`Grant-`|`Governance`|`Total`|`Total`| ||`Making`||`Allocated`|`Allocated`| ||
`£`|
`£`|
`£`|
`£`| |`Staffcosts`|`57,635`|`1,618`|`59,253`|`46,155`| |`Shareofjointofficecosts`|`10,168`|`-`|`10,168`|`9,958`| |`Directcostsincludingtravel`|`8,958`|`-`|`8,958`|`13,305`| |`Legalandprofessionalfees`|`78`|`-`|`78`|`778`| |`Depreciation`|`1,583`|`-`|`1,583`|`1,120`| |`Auditors'remuneration`|`-`|`6,900`|`6,900`|`5,256`| ||

`78,422`|

`8,518`|

`86,940`|

`76,572`| ## |`ANALYSISOFSTAFFCOSTS`||| |---|---|---| ||`2021`|`2020`| ||
`£`|
`£`| |`Salariesandwages`|`48,269`|`38,076`| |`Socialsecuritycosts`|`5,408`|`3,923`| |`Otherpensioncosts`|`5,576`|`4,156`| ||
`59,253`
|
`46,155`
| ## ## ## |`LeaseholdImprovements`||| |---|---|---| ||`2021`|`2020`| |`Cost`|
`£`|
`£`| |`Costat6 April2020`|`11,200`|`11,200`| |`Additions`|`3,240`|`-`| |`At5 April2021`|

`14,440`|

`11,200`| |`Depreciation`||| |`At6 April2020`|`8,960`|`7,840`| |`Chargefortheperiod`|`1,583`|`1,120`| |`At5 April2021`|

`10,543`|

`8,960`| |`NetBookValue`||| |`At5 April2021`|`3,897`|`2,240`| |`At5 April2020`|

`2,240`|

`3,360`| |`FIXEDASSETINVESTMENTS`||| ||
`2021`|
`2020`| ||
`£`|
`£`| |`Marketvalueat6 April2020`|`10,415,890`|`10,665,923`| |`Less:Disposalsatproceeds`|`(13,428,826)`|`(6,310,899)`| |`Add:Acquisitionsatcost`|`13,123,787`|`6,097,814`| |`Netgains/(losses)oninvestments`|`1,619,438`|`(36,948)`| |`Marketvalueat5 April2021`|

`11,730,289`|

`10,415,890`| |`Forwardexchangecontracts`|`266,567`|`(207,315)`| |`Cashheldforreinvestment`|`52,267`|`257,125`| |`TotalInvestments`|

`12,049,123`|

`10,465,700`| ## |||`2021`||`2020`| |---|---|---|---|---| ||
`Cost`|
`Market`|
`Cost`|
`Market`| |||`Value`||`Value`| ||
`£`|
`£`|
`£`|
`£`| |`FixedIncome`|`3,945,335`|`3,863,839`|`3,883,616`|`3,963,465`| |`Equities`|`5,789,098`|`5,825,341`|`4,022,062`|`3,795,014`| |`AlternativeInvestments`|`86,336`|`83,895`|`1,043,150`|`1,457,003`| |`SocialImpactInvestments`|`1,583,422`|`1,957,214`|`1,112,966`|`1,112,966`| |`ShortTermInvestments`|`-`|`-`|`87,442`|`87,442`| ||
`11,404,191`
|
`11,730,289`
|
`10,149,236`
|
`10,415,890`
| ## ## |`EBTORS`|||| |---|---|---|---| |||`2021`|`2020`| |||
`£`|
`£`| |`Otherdebtors`||
`862`|
`16,731`| ||
|

`862`|

`16,731`| |`REDITORS- amountsfallingduewithinoneyear`|||| |||`2021`|`2020`| |||
`£`|
`£`| |`Grantspayablewithinoneyear`||`94,483`|`69,805`| |`Professionalcharges`||`9,300`|`8,483`| |`Investmentmanagementfee`||`24,651`|`16,920`| |`Othercreditors`||`29,824`|`266,552`| ||
|

`158,258`|

`361,760`| |`ANALYSISOFNETASSETSBETWEENFUNDS`|||| ||`Unrestricted`|`Expendable`|`Totals`| ||
`Funds`|
`Endowment`|
`2021`| ||
`f`|
`£`|
`f`| |`Fundbalancesat5 April2021arerepresentedby:`|||| |`Tangiblefixedassets`|`&`|`3,897`|`3,897`| |`Investments`|`-`|`12,049,123`|`12,049,123`| |`Currentassets`|`103,783`|`(55,680)`|`48,103`| |`Currentliabilities`|`(103,783)`|`(54,475)`|`(158,258)`| |`Totalnetassets`|

`-`|

`11,942,865`|

`11,942,865`| |`Movementintheyear`|||| |`Openingbalanceasat6 April2020`|`-`|`10,162,816`|`10,162,816`| |`Totalincomeandendowments`|`158,574`|`-`|`158,574`| |`Costofraisingfunds`|`-`|`(85,547)`|`(85,547)`| |`Costofgrant-making`|`(300,920)`|`-`|`(300,920)`| |`Netgainsoninvestments`|`-`|`1,619,438`|`1,619,438`| |`Exchangeandcurrencygains`|`-`|`388,504`|`388,504`| |`Transfersbetweenfunds* `|
`142,346`|
`(142,346)`|
`g`| |`Closingbalanceasat5 April2021`|
`-`
|
`11,942,865`
|
`11,942,865`
| ## ## ## ## ||`Unrestricted`|`Expendable`|`Totals`| |---|---|---|---| ||`Funds`|`Endowment`|`2020`| ||
`f`|
`£`|
`£`| |`Fundbalancesat5 April2020arerepresentedby:`|||| |`Tangiblefixedassets`|`-`|`2,240`|`2,240`| |`Investments`|`-`|`10,465,700`|`10,465,700`| |`Currentassets`|`78,288`|`(21,652)`|`56,636`| |`Currentliabilities`|`(78,288)`|`(283,472)`|`(361,760)`| |`Totalnetassets`|

`-`|

`10,162,816`|

`10,162,816`| |`Movementintheyear`|||| |`Openingbalanceasat6 April2019`|`-`|`10,622,728`|`10,622,728`| |`Totalincomeandendowments`|`169,680`|`-`|`169,680`| |`Costofraisingfunds`|`-`|`(89,200)`|`(89,200)`| |`Costofgrant-making`|`(267,115)`|`-`|`(267,115)`| |`Netlossesoninvestments`|`-`|`(36,948)`|`(36,948)`| |`Exchangeandcurrencylosses`|`-`|`(236,329)`|`(236,329)`| |`Transfersbetweenfunds`|`97,435`|`(97,435)`|`-`| |`Closingbalanceasat5 April2020`|
`-`
|
`10,162,816`
|
`10,162,816`
| ## ## ## ||`Unrestricted`|`Expendable`|`TotalFunds`| |---|---|---|---| ||`Funds`|`Endowment`|`2020`| ||
`£`|
`£`|| |`Income`|||| |`Investments`|`168,202`|`-`|`168,202`| |`Bankdepositinterestandotherincome`|`1,478`|`-`|`1,478`| |`TotalIncome`|

`169,680`|

`-`|

`169,680`| |`Expenditure`|||| |`Costofraisingfunds:`|||| |`Investmentmanagementcosts`|`-`|`89,200`|`89,200`| |`Charitableactivities:`|||| |`Grant-making:`|||| |`Grantexpenditure`|`190,543`|`-`|`190,543`| |`Grantrelatedsupportcosts`|`76,572`|`-`|`76,572`| |`TotalExpenditure`|
`267,115`|
`89,200`|
`356,315`| |`Netoperatingdeficit`|
`(97,435)`|
`(89,200)`|
`(186,635)`| |`Netlossesoninvestments`|`-`|`(36,948)`|`(36,948)`| |`Exchangeandcurrencylosses`|`-`|`(236,329)`|`(236,329)`| |`Transfersbetweenfunds`|`97,435`|`(97,435)`|`-`| |`Netmovementinfunds`|
`-`|
`(459,912)`|
`(459,912)`| |`Reconciliationoffunds:`|||| |`Totalfundsbroughtforward`|
`-`|
`10,622,728`|
`10,622,728`| |`Totalfundscarriedforward`|
`-`
|
`10,162,816`
|
`10,162,816`
|