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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|
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|Registered|charity|name|The Philological|Foundation|Foundation|
|---|---|---|---|---|---|
|Charity registration||number|312692|||
|Trustees|||Mrs C Whittaker|||
||||MsC RKeen|||
||||Mr GMargolis|||
||||Mr RSaade|||
||||MrJFox|||
||||Mr DRichards|||
||||Ms JMBourn|||
||||Mr AMederick|||
||||Ms N Leaver|||
|Clerk|||SHallin|||
|Independent|Examiner||RA Bye|||
||||57a Broadway|||
||||Leigh On Sea|||
||||Essex|||
||||SS91PE|||
|Bankers|||National Westminster||Bank pic|
||||69Baker Street|||
||||London|||
||||W1A 2BA|||
|Solicitors|||Simons, Muirhead|&|Burton|
||||8-9Frith Street|||
||||London|||
||||W1D3JB|||
|Stockbrokers|||JM Finn &Co|||
||||4 Coleman Street|||
||||London|||
||||EC2R5TA|||
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||||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|
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|FIXEDASSETS||Note|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|
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|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|
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||||||||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|
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|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|
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||||||2022||2021|
|---|---|---|---|---|---|---|---|
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|INCOME||||||||
|Investment
income||||||44,250|40,280|
|Profit/(loss)
on investment|||sales|||(281797)|63,521|
|TOTAL INCOME||||||15,453|103,801|
|COSTS OF GENERATING FUNDS:||||||||
|Portfolio management||fee|||16,372||14,383|
|||||||16372|14,383|
|CHARITABLE EXPENDITURE:||||||||
|Grants paid|||||36,499||9,236|
|||||||36,499|9,236|
|MANAGEMENT|AND ADMINISTRATION|||||||
|Clerk's honorarium|||||4,800||5,600|
|Website development||costs|||418||1,684|
|Insurance|||||96||199|
|Bank charges|||||11||36|
|Accountancy
fees|||||1,260||1,200|
|Sundry expenses|||||110||107|
|||||||6,695|8,826|
|TOTAL EXPENDITURE||||||59,566|32,445|
|NKT INCOMING/(OUTGOING)||||RESOURCES FOR||||
|THE YEAR||||||(44,113)|71,356|
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