2021-04-05-accounts

			Notes	2021	2020
Unrestricted eneral fund
Income:
Investment income				66,176	91,208
Expenditure on:
Charitable activities
Donations				131,461	1,114,680
Governance costs				10„490	10,915
				141,951	1,125,595
Raising funds
Brokers' fees				664	672
Total expenditure				142,615	1,126,267
Net gains/(losses)	on investment	assets		1,401,523	(398,719)
Net income/(expenditure)				1,325,084	(1,433,778)
Reconciliation offunds
Balance brought forward				3,484,704	4,918,482
Balance carried forward				4,809,788	3,484,704

2.	INVESTMENT INCOME							2021	2020
	Fixed asset investments
	Blackfriars Oriental Focus			Fund - Class		B US$			12,848
	Blackfriars Oriental Focus			Fund - Class		BF			11,150
	Establishment Investment			Trust pic					52,342
	Garraway Oriental Focus		Fund - Class			BUS$		14,242
	Garraway Oriental Focus		Fund —Class			B5		12,428
	VT Garraway Asian Centric Global Growth						Fund	39)501	14,748
								66,170	91,088
	Bank interest								120
								66,176	91,208
3.	CHARITABLE DONATIONS							2021	2020
	Institutions							f
	Books Abroad								2,000
	Break							5,000	5,000
	Breast Cancer Haven								2,000
	Cerebal Palsy Plus								2,000
	Chase Africa								5,000
	Cirdan Sailing Trust								7,000
	CPRE Surrey Branch							7,500
	DEMAND (Design and	Manufacture			for Disability)				2,000
	Guide Dogs								1,000
	Helen and Douglas House							12,000	7,000
	Horse Time							2,000
	Hot Line Meals							4,000
	Institute ofCancer Research							43,961	42,680
	Keble College, Oxford							5,000	5,000
	Licoricia ofWinchester		Statue Appeal					2,000
	MacMillan Cancer Support							8,000
	Marie Curie Cancer Care							5,000
	National Gallery Trust								5,000
	Prisoners ofConscience							7,000	7,000
	Rainbow Trust							7,000
	Re-engage								1,000
	Sarah Greene Tribute	Fund							5,000
	St Paul's Knightsbridge		Foundation						1,000,000
	Tait Memorial Trust								2,000
	University Of Edinburgh		Development			Trust			5,000
	Upham PCC							3,000	2,000
	Wessex Children's Hospice Trust (Naomi						House &Jacksplace)	12,000	7,000
	Willow Foundation							3,000
	Winchester and District		Young Carers					5,000
								131,461	1,114,680

		2021	2020
		f,
Accountancy	and independent
examination	charges	8,500	8,925
Irrecoverable	VAT	1,700	1,785
Bank charges		290
Trustees' expenses			205
		10,490	10,915

FIXEDASSET INVESTMENTS	FIXEDASSET INVESTMENTS
Market value at 6th	April 2020			3,441,602
Additions at cost				26,669
				3,468,271
Disposal at opening	book value			(89,792)
				3,378,479
Net unrealised gain	on revaluation			1,351,617
Market value at 5th April 2021				4,730,096
Historical cost at 5th April 2021 (2020:E1,000,784)				978,604
Analysis ofinvestments held at 5th April 2021
at valuation-
		UK	NON-UK	TOTAL
Listed investments		E	f.	f,
Garraway Oriental	Focus Fund
Class BGBP			1,299,756	1,299,756
VT Garraway Asian	Centric Global
Growth Fund - Class R 8 Net Inc		3,430,340		3,430,340
		3,430,340	1,299,756	4,730,096

	CASH AT BANK
								2021	2020
									F
	C Hoare 8 Co
	Current account							108,357	1,027,080
	Smith 8 Williamson		Investment		Management
	Sterling accounts							22 731	23,396
	Euro income account							1,565	1,626
								132,653	1,052,102
8.	CREDITORS: AMOUNTS			FALLING		DUE WITHIN	ONE YEAR
								2021	2020
									F
	Begbies							9,000	9,000
	Charitable donations		payable					43,961	1,000,000
								52,961	1,009,000
	TOTAL NET ASSETS SINCE INCEPTION
	Capital introduced	by R.C.Thornton				in 1983			1,100,520
	Investment income		and royalties					2,740,420
	Deposit account interest							279,037
	VAT recovered							47,982
	Underwriting commission							3,173
	Transitional tax relief received							11,015
									3,081,627
									4,182,147
	Net gains on revaluation			and disposal of investment			assets		8,487,077
									'I2,669,224
	Less:
	Charitable donations		(see Note		10)			7,343,989
	Exchange losses							21,090
	Management and	administration						494,357
									7,859,436
	Total net assets at		5 April 2018						4,809,788