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||||Notes|2021|2020|
|---|---|---|---|---|---|
|Unrestricted<br>eneral fund||||||
|Income:||||||
|Investment<br>income||||66,176|91,208|
|Expenditure<br>on:||||||
|Charitable<br>activities||||||
|Donations||||131,461|1,114,680|
|Governance<br>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<br>offunds||||||
|Balance brought<br>forward||||3,484,704|4,918,482|
|Balance carried forward||||4,809,788|3,484,704|





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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|2.|INVESTMENT INCOME|||||||2021|2020|
||Fixed asset investments|||||||||
||Blackfriars<br>Oriental<br>Focus|||Fund - Class||B US$|||12,848|
||Blackfriars<br>Oriental Focus|||Fund - Class||BF|||11,150|
||Establishment<br>Investment|||Trust pic|||||52,342|
||Garraway<br>Oriental<br>Focus||Fund - Class|||BUS$||14,242||
||Garraway<br>Oriental<br>Focus||Fund<br>—Class|||B5||12,428||
||VT Garraway<br>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<br>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<br>Cancer Support|||||||8,000||
||Marie Curie Cancer Care|||||||5,000||
||National<br>Gallery Trust||||||||5,000|
||Prisoners<br>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<br>Trust||||||||2,000|
||University<br>Of Edinburgh||Development|||Trust|||5,000|
||Upham<br>PCC|||||||3,000|2,000|
||Wessex Children's<br>Hospice Trust (Naomi||||||House &Jacksplace)|12,000|7,000|
||Willow Foundation|||||||3,000||
||Winchester<br>and District||Young Carers|||||5,000||
|||||||||131,461|1,114,680|





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



## 

## 

|FIXEDASSET INVESTMENTS|FIXEDASSET INVESTMENTS||||
|---|---|---|---|---|
|Market value at 6th|April 2020|||3,441,602|
|Additions<br>at cost||||26,669|
|||||3,468,271|
|Disposal at opening|book value|||(89,792)|
|||||3,378,479|
|Net unrealised<br>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<br>held at 5th April 2021|||||
|at valuation-|||||
|||UK|NON-UK|TOTAL|
|Listed investments||E|f.|f,|
|Garraway<br>Oriental|Focus Fund||||
|Class BGBP|||1,299,756|1,299,756|
|VT Garraway<br>Asian|Centric Global||||
|Growth<br>Fund - Class R 8 Net Inc||3,430,340||3,430,340|
|||3,430,340|1,299,756|4,730,096|





## 

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## 

||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<br>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<br>income||and royalties|||||2,740,420||
||Deposit account interest|||||||279,037||
||VAT recovered|||||||47,982||
||Underwriting<br>commission|||||||3,173||
||Transitional<br>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<br>donations||(see Note||10)|||7,343,989||
||Exchange losses|||||||21,090||
||Management<br>and|administration||||||494,357||
||||||||||7,859,436|
||Total net assets at||5 April 2018||||||4,809,788|