2021-03-31-accounts - Philological Foundation

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CONTENTS		PAGE
Trustees and professional	advisers
Trustees Annual Report
Independent examiner's	report to the Trustees
Statement offinancial activities
Balance sheet
Notes to the accounts
The following pages do	not form part ofthe accounts
Detailed statement offinancial activities		10

			2022	2021
INCOMING RESOURCES
Incoming resources from generated	funds	2	15,453	103,801
RESOURCES EXPENDED
Costs ofgenerating funds Charitable activities Governance costs			(16,372) (36,499) (6,695)	(14,383) (9,236) (8,826)
TOTAL RESOURCES EXPENDED			(59,566)	(32,445)
NET INCOMING RESOURCES	FORTHE YEAR		(44,113)	71,356
Unrestricted fund balance brought forward			925,837	854,481
Unrestricted fund baiance carried forward			881,724	925,837

FIXEDASSETS		2022f	2021 f
investments		1,181,717	i,2I5,672
CURRENT ASSETS
Cash at bank and in hand
		10,780	20,876
CREDITORS: Amounts	fatting due within one
year		(29054)	(1,994)
NETASSETS		1,190,443	i,234,554
FUNDS OFTHE CHARITY
Funds held under Charity Unrestricted income funds	deed	308,719 881,724	308,719 925,835
TOTAL FUNDS		1,1911,449	1,214.994

3.	TRUSTEESEXPENSES		2022	2021
			g	g
	Annual costs reimbursed to trustees
4.	FEESFOREXAMINATION	OFTHE ACCOUNTS	2022	2021
			6
	Total fees paid to Independent	Examiner	I 260	I 200
5.	INVESTMENT ASSETS		2022	2021
				g
	Cost at beginning ofyear		1,215,672	1,028,749
	Additions to investments at cost		28,205	463,246
	Disposals at carrying value		~62 160	~276 323
	Cost at end ofyear		1 181717	I 215672

							Market
						Cost	Value
14,796	31Infrastrucnue					29,896	51,416
15,000	Aberdeen Standard Eur Logis					15,020	16,500
26,345	BBGISICAV Ord					32,009	45,893
20,500	Civitas Social Housing	Plc	Ord lp			20,520	17,917
380	Croada Intl					28,205	29,944
950	Diageo Ord					24,235	36,703
34,000	Digital 9Infrastructure					34,021	37,604
1,630	Diploma PLC 5p					22,055	42,934
15,000	Ecclesiasical Insurance	Office 8.625%				16,983	21,600
920	Experian pic					23,496	27,149
500	Findlay Park Funds PLC American					39,269	68,520
19,024.01	First State Asia Pacific	Leaders				21,112	58,149
24,200	Foresight Solar Fund Ltd					25,013	27,104
16,500	Fundsmith LLP Equity					39,926	91,285
1250	Gam Fund Management					78,123	77,951
1,500	Glaxosmithkline Ord 25p					20,972	24,708
21,700	Greencoat UK Wind PLC Ord			lp		22,977	33,071
1410	Helms					25,061	35,391
37,500	Henderson Invetsment	funds				42,110	39,562
21,000	Home Reit					21,021	26,040
24,100	Impax Environmental					74,508	112,547
2225	Ishares SCRIP500					20,042	77,391
2845	Ishares Barclays					50,832	56,795
11,100	JPMorgan American Investment				Trust Ord Sp	21,814	85,581
15,000	JPMorgan Global Emerging		Markets Ord lp			15,000	20,025
220	London Stock Exchange Group					17,972	17,525
21300	Marian Global/ Jupiter	Fund				50,241	49,316
445	MI Twentyfour Dynamic Bond					49,396	47,300
2,695	National Grid Ord 11.3953p					17,806	31,596
22,100	Picton Property Income	Limited				11,327	21,724
1,390	Prudential Ord 5p					14,357	15,763
1,430	Relx PLC					20,906	34,077
800	Rio Tinto Ord 10p					22,586	48,648
13,300 6,200	Schmder Oriental Income Fund Ord Ip Scottish Mortgage Investment Trust Ord Sp					25,131 20,196	36,043 63,612
4,700	Segro Plc Ord 10p					14,580	63,239

INVES	TMENTS (CONTINUED)
			Market
		Cost	Valuef
35,900	The Renewables In&astructure	45,192	48,537
45,900	Triple Point Energy	46,460	38,786
13,650	Tritax BigBoxReit PLC lp	14,072	33,006
870	Unilever PLC Ord 3.1111p	12,186	30,059
20,381	Vodafone Group Ord $0.2095238	35090	25,444
		1 181717	1 766453