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2020-12-31-accounts

					Endowment	Total	Total
					funds	funds	funds
					2020	2020	2019
				Note	E
Income and endowments	from:
investments				2	327,317	327,317	409,024
Total income and endowments					327,317	327,317	409,024
Expenditure on:
Raising funds				3	49,595	49,595	50,660
Charitable activities				5	769,685	769,685	702,345
Total expenditure				6	819,280	819,280	753,005
Net expenditure before investment			gains		(491,963)	(491,963)	(343,981)
Net gains on investments				11	39,557	39,557	1,404,951
Net income I(expenditure)		before other recognised		gains
and losses					(452,406)	(452,406)	1,060,970
Net movement in funds					(452,406)	(452,406)	1,060,970
Reconciliation offunds:
Total funds brought forward					12,192,637	12,192,637	11,131,667
Total funds carried forward					11,740,231	11,740,231	12,192,637
The notes on pages 11to 22		form part ofthese financial		statements.

				Note		2020f		2019 E
Fixed assets
Tangible assets				9			120
Investment	property			10	600,000		600,000
Total tangible assets						600,000		600,120
Investments						11,241,126		11,395,117
						11,841,126		11,995,237
Current assets
Debtors					18,775		693
Cash at bank and		in	hand				205,705
					18,775		206,398
Creditors:	amounts		falling due within one
year				13	(119,670)		(8,998)
Net current	(liabilities)/assets					(100,895)		197,400
Net assets						11,740,231		12,192,637
Charity Funds
Endowment	funds			15		11,740,231		12,192,637
Total funds						11,740,231		12,192,637

2.	Investment	income
				Endowment	Total	Total
				funds	funds	funds
				2020	2020	2019
					E
	Investment	properties -	rental income	51,060	51,060	51,643
	Listed investments			276,204	276,204	356,815
	Interest received			53	53	566
				327,317	327,317	409,024
	Total 2019			409,024	409,024
3.	Costs ofraising funds
				Endowment	Total	Total
				funds	funds	funds
				2020	2020	2019
					F
	Investment	management	fees	47,952	47,952	49,243
	Insurance			1,643	1,843	1,417
				49,595	49,595	50,660
	Total 2019			50,660	50,660
4.	Analysis ofgrants

Analysis ofgrants
	Grants to
	Individuals	Total	Total
	2020	2020	2019
	E
Grants to institutions	526,300	526,300	430,057
Grants to individuals	217,804	217,804	246,163
	744,104	744,104	676,220
Total 2019	676,220	676,220

			Endowment	Total	Total
			funds	funds	funds
			2020	2020	2019
Auditors'	remuneration		3,930	3,930	4,170
Office costs			952	952	661
Administration		expenses	20,000	20,000	20,964
Computer	costs		579	579	144
Depreciation			120	120	186
			25,581	25,581	26,125

Analysis o	fExpenditure	by expenditure	type
			Depreciation	Other costs	Total	Total
			2020 E	2020 f.	2020 E	2019f
Expenditure	on investment	management		49,595	49,595	50,660
Costs ofraising funds				49,595	49,595	50,660
Grants to institutions				526,300	526,300	430,057
Grants to individuals				217,804	217,804	246,163
Charitable	activities			744,104	744,104	676,220
Expenditure	on governance		120	25,461	25,581	26,125
			120	819,160	819,280	753,005
Total 2019			186	752,819	753,005

9.	Tangible fix	ed assets
			Office	Computer
			equipment	equipment	Total
			E
	Cost
	At 1 January	2020 and 31 December 2020	169	971	1,140
	Depreciation
	At 1 January	2020	169	851	1,020
	Charge for the year			120	120
	At 31 December 2020		169	971	1,140
	Net book value
	At 31 December 2020
	Af 31December 2019			120	120
10.	Investment	property
					Freehold
					investment
					property
	Valuation
	At 1 January	2020 and 31 December 2020			600,000

Fixed asset investments
		Listed
		securities
Market value
At 1 January 2020		11,554,046
Additions		2,018,806
Disposals		(2,877,174)
Revaluations		762,627
At 31 December 2020		11,458,305
Impairment
At 1 January 2020		158,929
Charge for the year		58,250
At 31 December 2020		217,179
Net book value
At 31 December 2020		11,241,126
At 31December 2019		11,395,117
Investments at market value comprise:
	2020	2019
	K
Listed investments	11,241,126	11,395,117

Material investments
			31 December	31December
			2020	2019
Hermes Investments Global Emerging	Markets JG		228,072	96,954
Charity Prop Property Fund			1,030,570	1,057,918
Vanguard Funds Pic S&P500 Ucits Eff	Inc GBP		1,189,470	648,848
Findlay Park Fds American USD Dis			442,702	472,794
Baillie Gifford Amer B NAV Inc			860,472	387,261
INT Public Partner Ord GBP0.0001			305,117	140,906
M&G Investment Man Corporate Bd I GBP Inc			297,882	290,016
Schroder Inv Mg E, ISFAsian Total Rtn	C GBP		224,817	89,894
Henderson Gbl Invs European Seleted	Opps	I inc Sett	302,812	276,078
Mercantile Investm Ord GPB0.025			244,530	258,871
Citigroup Inc, 5.15'/o Snr Emtn 21/05/26	GBP		245,920	241,790
RioTinto Ord 10p			211,844	234,143
38 High Street, Maidenhead (Investment	property)		600,000	600,000
Scottish Widows Lt, 5.5'/o Sub 16/06/23	GBP100000		221,960	222,830
Ishares FTSE250, FTSE250 Ucits E]ff			297,882	93,713
			6,704,050	5,112,016

12.	Debtors
				2020f	2019 E
	Other debtors			17,727
	Prepayments	and accrued income		1,048	693
				18,775	693
13.	Creditors: Amounts		falling due within one year
				2020	2019
	Bank loans and overdrafts			9,178
	Trade creditors			1,119	98
	Other creditors			100,473
	Accruals and deferred		income	8,900	8,900
				119,670	8,998

Financial	instruments
					2020	2019
Financial	assets measured	at fair value through		income and
expenditure					11,241,126	'I1,395,117
Financial	assets measured	at amortised	cost		18,775	205,705
					11,259,901	11,600,822
Financial	liabilities measured	at amortised	cost		(119,670)	(8,998)

Statement	offunds - current, year
						Balance at
		Balance at				31
		1January			Gains/	December
		2020	Income	Expenditure	(Losses)	2020
					E
Endowment	funds
Endowment	Funds - all funds	12,192,637	327,317	(819,280)	39,557	11,740,231
Statement	offunds - prior year
						Balance at
		Balance at				3'I
		1January			Gains/	December
		2019	Income	Expenditure	(Losses)	2019
Endowment	Funds - all funds	11,131,667	409,024	(753,005)	1,404,951	12,192,637
Total offunds		11,131,667	409,024	(753,005)	1,404,951	12,192,637

										Balance at
						Balance at				31
						1 January			Gains/	December
						2020	Income	Expenditure	(Losses)	2020
Endowment	funds					12,192,637	327,317	(819,280)	39,557	11,740,231
Summary		offunds	-	prior	year
										Balance at
						Balance at				31
						1January			Gains&	December
						2019	Income	Expenditure	(Losses)	2019
Endowment	funds					11,131,667	409,024	(753,005)	1,404,951	12,192,637

Analysis o	f net assets between funds -current year
		Endowment	Total
		funds	funds
		2020	2020
			E
Fixed asset investments		11,241,126	11,241,126
Investment	property	600,000	600,000
Current assets		18,775	18,775
Creditors due within one year		(119,670)	(119,670)
		11,740,231	11,740,231

Analy	sis of net asse	ts betw	een funds - prior ye	ar
						Endowment		Total
						funds		funds
						20'/9		2019
Tangible fixed assets							120	120
Fixed	asset investments					11,395,	117	11,395,117
Investment property						600,	000	600,000
Current assets						206,	398	206,398
Creditors due within		one year				(8,998)		(8,998)
						12,192,637		12,192,637
17.	Grant Commitments
						Total		Total
						2020		2019
	At 31 December 2020		the charity had commitments		as follows:
	Commitments	in respect ofgrants approved		for projects which
	have not been	accrued	in the financial statements		but will form part
	of grants:
	Within one year							128,037