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2021-12-31-accounts

				Page
Reference and administrative		details ofthe charity, its trustees	and advisers
Trustees' report				2-4
Independent auditors'	report			5-8
Statement offinancial	activities
Balance sheet				10
Notes to the financial	statements			11-22

					Endowment	Total	Total
					funds	funds	funds
					2021	2021	2020
				Note		K
Income and endowments	from:
Investments					327,157	32'?,15?	327,317
Total income and endowments					32T,157	327,15T	327,317
Expenditure on:
Raising funds				3	51,975	51,975	49,595
Charitable activities				5	948,121	948,121	769,685
Total expenditure				6	1,000,096	1,000,096	819,280
Net expenditure before investment		gains			{6?2,939}	{672,939}	(491,963)
Net gains on investments				11	1,043,573	1,043,573	39,557
Net income I{expenditure} before		other recognised	gains
and losses					370,634	370,634	(452,406)
Net movement in funds					370,634	3T0,634	(452,406)
Reconciliation offunds".
Total funds brought forward					11,740,231	11,T40,231	12,192,63?
					12,110,865	12,110,865	11,740,231
Total funds carried forward

					2021		2020
			Note
Fixed assets
Investment	property		10		600,000		600,000
Investments			11		11,649,573		11,241,126
					12,249,573		11,841,126
Current assets
Debtors				8,887		18,775
Creditors:	amounts	falling due within one
year			13	(147,595)		(519,670)
Net current	liabilities				(138,708)		(500,895)
Net assets					12,110,865		15,740,231
Charity Funds
Endowment	funds				12,110,865		15,740,231
Total funds					12,110,865		11,740,231

.	Investment	income
			Endowment	Total	Total
			funds	funds	funds
			2021	2021	2020
			E
	Investment properties -rental income Listed investments		51,677 275,480	51,677 275,480	51,060 276,204 53
	Interest received
			327,157	327,157	327,317
	Total 2020		327,317	327,317
3.	Costs of raising funds

			Endowment	Total	Total
			funds	funds	funds
			2021 f.	2021	2020f
Investment Insurance	management	fees	50,005 1,970	50,005 1,970	47,952 1,643
			51,975	51,975	49,595
Total 2020			49,595	49,595

		Grants to
		Individuals	Total	Total
		2021	2021	2020
Grants Grants	to institutions to individuals	594,760 323,978	594,760 323,978	526,300 217,804
		918,738	918,738	744,104
Total	2020	744,104	744,104

						Endowment	Total	Total
						funds	funds	funds
						2021	2021	2020
						E	f.
Auditors'	remuneration					3,960	3,960	3,930
Bank charges						7	7
Office costs						2,056	2,056	952
Administration			expenses			22,985	22,985	20,000
Computer	costs					375	375	579
Depreciation								120
						29,383	29,383	25,581
Analysis	of		Expenditure	by expenditure	type
					Depreciation	Other costs	Total	Total
					2021	2021	2021	2020
							K
Expenditure			on investment	management		51,9'75	51,975	49,595
Costs of	raising funds					51,975	51,975	49,595
Grants to	institutions					5S4,760	594,760	526,300
Grants to	individuals					323,978	323,978	217,804
Charitable		activities				918,738	918,738	744,104
Expenditure			on governance			29,383	29,383	25,581
						1,000,096	1,000,096	819,280
Total 2020					120	819,160	819,280

Net income/(expenditure)
This is stated after charging:
	2021	2020
Depreciation oftangible fixed assets:
-owned by the charity		120
Auditors' remuneration -audit	3,950	3,960

Tangible fixed assets
	Office	Computer
	equipment	equipment	Total
Cost
At 1 January 2021 and 31 December 2021	169	9?1	1,140
Depreciation
At 1 January 2021 and 31 December 2021
Net book value
At 31 December 2021
At31December 2020

Investment property
	Freehold
	investment
	property
Valuation
At 1 January 2021 and 31 December 2021	600,000

Fixed asset investments
		Listed
		securities
Market value
At 1 January 2021 Additions Disposals Revaluations		11,458,305 1,721,149 (2,126,113) 834,854
At 31 December 2021		11,888,195
Impairment At 1 January 2021 Charge for the year		217,179 21,443
At 31December 2021		238,622
Net book value
At 31 December 2021		11,649,573
At31December 2020		11,241,126
Investments at market value comprise:	2021	2020
	f.
Listed investments	11,649,573	11,241,126

Material investments
			31 December	31December
			2021	2020
			K
Hermes Investments Global Emerging Markets		JG	214,526	228,072
Charity Prop Property Fund			1„024,660	1,030,570
Vanguard Funds PicS8P500 Ucits Eff	Inc GBP		1,449,383	1,189,470
Ishares li PLC USD Tips Ucits EffGBP	Dis		297,662	104,112
Baillie Gifford Amer B NAV Inc			561,710	860,472
INT Public Partner Ord GBPQ.0001			304,579	305,117
M&G Investment Man Corporate Bd I GBP Inc			285,365	297,882
Schroder Inv Mg E, ISFAsian Total Rtn Henderson Gbl Invs European Seleted	C GBP Opps I Inc Sett		232,728 345,164	224,817 302,812
Mercantile Investm Ord GPB0.025			266,041	244,530
Citigroup Inc, 5.15%Snr Emtn 21/05/26	GBP		229,550	245,920
Schroder Unit Tst US Smaller			290,780
38 High Street, Maidenhead (Investment	property)		600,000	600,000
Scottish Widows Lt, 5.5%Sub 16/06/23	GBP100000		210,890	221,960
JP Morgan Funds Ltd US Equity lnc KGBP			618,765
			6,931,803	5,855,734

Financial	instruments
					2021	2020
					E
Financial	assets measured	at fair value through		income and
expenditure					11,649,573	11,241,126
Financial	assets measured	at amortised	cost		8,887	18,775
					11,658,460	11,259,901
Financial	liabilities measured	at amortised	cost		(147,595)	(119,670)

Statement	offunds - current year
						Balance at
		Balance at				31
		1January			Gains/	December
		2021	Income	Expenditure	(Losses)	2021
			E
Endowment	funds
Endowment	Funds - all funds	11,740,231	327,157	(1,000,096)	1,043,573	12,110,865
Statement	offunds - prior year
						Balance at
		Balance at				31
		1January			Gains/	December
		2020	Income	Expenditure	(Losses)	2020
			E	E	E
Endowment	Funds - all funds	12,192,63?	327,3'l7	(819,280)	39,557	11,740,231
Total offunds		12,192,637	327,317	(819,280)	39,55?	11,740,231

									Balance at
					Balance at				31
					1January			Gainel	December
					2021	Income F	Expenditure	(Losses) f	2021 E
Endowment	funds				11,?40,231	327,157	(1„000,096)	1,043,573	12,110,865
Summary		offunds	- prior	year
									Balance at
					Balance at				31
					1January			Gains/	December
					2020	Income	Expenditure	(tosses)	2020
						E			E
Endowment	funds				12,192,837	327,317	(819,280)	39,557	11,740,231

Analysis ofnet assets between funds - current year
	Endowment	Total
	funds	funds
	2021	2021
Fixed asset investments	11,649,573	11,649,573
Investment property	600,000	600,000
Current assets	8„887	8,887
Creditors due within one year	(147,595)	(147,595)
	12,110,865	12,110,865

Analysis of net assets between funds -prior year
	Endowment	Total
	funds	funds
	2020	2020
Fixed asset investments	11,241,126	11,241,126
Investment property	600,000	600,000
Current assets	18,775	18,7?5
Creditors due within one year	(119,670)	(119,670)
	11,740,231	11,740,231