2022-09-30-accounts

			Page
Reference and administrative	details ofthe charity, its trustees	and advisers
Trustees' report			2-6
Independent examiner's report
Statement offinancial activities
Balance sheet
Statement ofcash flows			10
Notes to the financial statements			11-22

Reference and administrative details ofthe charity, its	Reference and administrative details ofthe charity, its	Reference and administrative details ofthe charity, its	Reference and administrative details ofthe charity, its	trustees	and advisers
for the period ended 30		September 2022
Trustees		C N M James OBE
		R G Holland-Martin
Charity registered
number		326311
Principal office		94 Old Church Street
		London
		SW3 6EP
Chief executive officer		The Settlement	is administered	from 94	Old Church Street, London, SW36EP by
		the lead Trustee	RG Holland-Martin.
Accountants		Kreston Reeves	LLP
		Chartered Accountants
		2nd Floor
		168Shoreditch High Street
		London
		E1 6RA
Bankers		CAF Bank Limited
		25 Kings Hill Avenue
		Kings Hill
		West Mailing
		Kent
		ME194JQ
Solicitors		Charles Russell	Speechlys
		Compass House
		Lypiatt Road
		Cheltenham
		Gloucestershire
		GL50 2QJ
Investment	managers	Brewin Dolphin
		48StVincent Street
		Glasgow
		G2 5TS

for the period	en	de	d 30September 2022
					Unrestricted	Total	Total
					funds	funds	funds
					Period ended	Period ended
					30September	30September	31 March
					2022	2022	2021
				Note			E
Income from:
Other trading activities					12,590	12,590	4,598
Investments					17,320	17,320	27,531
Total income					29,910	29,910	32,129
Expenditure on:
Raising funds					5,810	5,810	5,309
Charitable activities					868,967	868,967	63,686
Total expenditure					874,777	874,777	68,995
Net expenditure		before net gains on investments			(844,867)	(844,867)	(36,866)
Net gains on investments					31,374	31,374	128,020
Net movement	in funds				(813,493)	(813,493)	91,154
Reconciliation	offunds:
Total funds brought			forward		890,525	890,525	799,371
Net movement	in	funds			(813,493)	(813,493)	91,154
Total funds carried forward					77,032	77,032	890,525

					30
					September		31 March
					2022		2021
			Note				F
Fixed assets
Investments			13				821,346
Current assets
Debtors			14			1,350
Cash at bank	and	in hand		77,032		72,093
				77,032		73,443
Creditors: amounts		falling due within one
year			15			(4,264)
Net current	assets				77,032		69,179
Net assets					77,032		890,525
Charity funds
Restricted funds			16
Unrestricted	funds		16		77,032		890,525
Total funds					77,032		890,525

for the period ended 30S	eptemb	er 2022
					Period
					ended
					30
					September	31 March
					2022	2021
				Note
Cash flows from operating	activities
Net cash used in operating	activities			18	(877,691)	(76,735)
Cash flows from investing	activities
Dividends receivable					16,877	27,518
Interest receivable					443	13
Proceeds from sale ofchattels					12,590	4,598
Proceeds from sale of investments					847,950	251,104
Purchase ofinvestments						(142,680)
Net cash provided by investing		activities			877,860	140,553
Cash flows from financing	activities
Net cash provided by financing		activities
Change in cash and cash	equivalents in		the period		169	63,818
Cash and cash equivalents	at the	beginning	ofthe period		76,863	13,045
Cash and cash equivalents	at the end of		the period	19	77,032	76,863
The notes on pages 11to 22 form		part ofthese financial statements

	Unrestricted	Total
	funds	funds
	Period	Period	Total
	ended	ended	funds
	30	30
	September	September	31 March
	2022	2022	2021
			E
Dividends	16,877	16,877	27,518
interest	443	443	13
Total	17,320	17,320	27,531

Analysis ofgrants
			Education	Heritage 8	Total	Total
			and training	conservation	funds	funds
			2022	2022	2022	2021
					f
British Exploring Society			220,000		220,000	15,000
International Trust for Croation		Monuments		10,000	10,000	4,000
City &Guilds of London Art School			25,000		25,000
Buchanan Trust			20,000		20,000
SAS Regimental Association			5,000		5,000
LOOK			80,000		80,000
Shallowford Trust			45,000		45,000
London Musical Theatre Orchestra			175,000		175,000	28,000
Outward Bound Trust			180,000		180,000	13,136
Watercolour World			10,000		10,000
People's Dispensary	for Sick Animals		18,000		18,000
Normandy Memorial	Trust		50,000		50,000
Landmark Trust			25 000		25 000
Total			853000	10000	863 000	60 136

			Unrestricted	Total
			funds	funds
			Period	Period	Total
			ended	ended	funds
			30	30
			September	September	31 March
			2022	2022	2021
			f.
Bank charges			170	170	86
Insurance			190	190
Investment	management	fees	3,147	3,147	5,223
Commissions			2,303	2,303
Total			5,810	5,810	5,309

		Unrestricted
		funds	Total
		Period	Period
		ended	ended	Total
		30	30
		September	September	31 March
		2022	2022	2021
Education	and training	858,967	858,967	57,911
Heritage	and conservation	10,000	10,000	5,775
Total		868,967	868,967	63,686

						Activities
						undertaken	Support	Total
						directly	costs	funds
						Period	Period	Period		Total
						ended	ended	ended		funds
						30	30	30
						September	September	September	31	March
						2022f	2022	2022f		2021
Education		and training				853,317	5,650	858,967	57,911
Heritage	and conservation					10,000		10,000		5,775
Total						863,317	5,650	868,967	63,686
Analysis	ofdirect			costs
						Education		Total
						and training	Heritage and	funds
						Period	conservation	Period		Total
						ended	Period ended	ended		funds
						30	30	30
						September	September	September	31 March
						2022f	2022f	2022f		2021f
Nomandy	Memorial			Trust		50,000		50,000
People's	Dispensary			for Sick Animals		18,000		18,000
British Exploring			Society			220,000		220,000	15,000
Outward	Bound		Trust			180,000		180,000	13,136
International		Trust for Croation			Monuments		10,000	10,000		4,000
London Musical			Theatre Orchestra			175,000		175,000	28,000
LOOK						80,000		80,000
Shallowford		Trust.				45,000		45,000
City 8 Guilds of			London Art School			25,000		25,000
Buchanan		Trust				20,000		20,000
SAS Regimental			Association			5,000		5,000
Landmark		Trust				25,000		25,000
Travel and		Subsistence				317		317
Watercolour World						10,000		10,000
Total						853,317	10,000	863,317	60,136

		Education		Total
		and training	Heritage and	funds
		Period	conservation	Period	Total
		ended	Period ended	ended	funds
		30	30	30
		September	September	September	31 March
		2022f	2022	2022 K	2021 E
Governance	costs	5,650		5,650	3,550

		Unrestricted	Total
		funds	funds
		Period	Period		Total
		ended	ended		funds
		30	30
		September	September	31	March
		2022	2022		2021
		F	R
Administrative	costs	950	950		450
Independent	examination	4,700	4,700		3,100
Total		5,650	5,650		3,550

				Cash
			Listed	awaiting
			investments	investment	Total
			K	F
	Cost or valuation
	At 1 April 2021		816,576	4,770	821,346
	Disposals		(847,950)	(4,770)	(852,720)
	Revaluations		31,374		31,374
	At 30September 2022
	Net book value
	At 30September 2022
	At 31 March 2021		816,576	4,770	821,346
14.	Debtors
				30
				September	31 March
				2022	2021
	Due within one year
	Other debtors				1,350
15.	Creditors: Amounts	falling due within one year
				30
				September	31 March
				2022	2021
	Accruals				4,264

								Balance at
								30
				Balance at 1			Gains/	September
				April 2021	Income	Expendituref	(Losses) f	2022 f
Unrestricted	funds
Reserves				890,525	29,910	(874,777)	31,374	77,032
Statement	offunds	- prior	year
								Balance at
				Balance at			Gains/	31 March
				1 April 2020f	Income	Expenditure	(Losses)f	2021
Unrestricted	funds
Reserves				799,371	32,129	(68,995)	128,020	890,525

		Unrestricted	Total
		funds	funds
		30	30
		September	September
		2022f	2022f
Current	assets	77,032	77,032
Total		77,032	77,032

Analysis ofnet assets between funds - prior year
	Unrestricted	Total
	funds	funds
	31 March	31 March
	2021	2021
	E	F
Fixed asset investments	821,346	821,346
Current assets	73,443	73,443
Creditors due within one year	(4,264)	(4,264)
Ttl	890,525	890,525

					Period
					ended
					30
					September	31 March
					2022	2021
Net income/expenditure			for	the period (as per Statement of Financial
Activities)					(813,493)	91,154
Adjustments for:
Losses /	(Gains) on	investments			(31,374)	(134,576)
Dividends	receivable				(16,877)	(27,518)
Profit on	sale of chattels				(12,590)	(4,598)
Decrease/(increase)		in	debtors		1,350	(1,350)
Increase/(decrease)		in	creditors		(4,264)	166
Interest receivable					(443)	(13)
Net cash	used in operating			activities	(877,691)	(76,735)

										30
										September	31 March
										2022	2021
	Cash	in hand								77,032	72,093
	Cash	in investment			capital account						4,770
	Total	cash and cash				equivalents				77,032	76,863
20.	Analysis		ofchanges			in net debt
											At 30
									At 1 April		September
									2021	Cash flowsf	2022
	Cash	at bank and		in	hand				72,093	4,939	77,032
21.	Financial		instruments
										30
										September	31 March
										2022	2021
	Financial		assets
	Financial		assets measured				at fair value through		income and expenditure	77,032	816,576
										30
										September	31 March
										2022	2021
	Financial		liabilities
	Financial		liabilities	measured			at amortised	cost			4,264