2021-03-31-accounts - The Lynn Foundation

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		Page
Report ofthe Trustees	1	to	4
Report ofthe Independent Auditors	5	to	7
Statement ofFinancial Activities
Balance Sheet
Notes tothe Financial Statements	10	to	16
Detailed Statement ofFinancial Activities		17

				2021	2020
				Unrestricted	Total
INCOME AND ENDOWMENTS		FROM	Notes	fundsI	fundsI
Investment income Other income				237,089 3,667	338,715
Total				240,756	338,715
EXPENDITURE ON
Raising funds				25,141	1,200
Charitable activities
General				132,849	258,931
Total				157,990	260,131
Net gains/(losses) on	investments			1,114,970	(995,138)
NET INCOME/(EXPENDITURE)				1,197,736	(916,554)
RECONCILIATION	OF FUNDS
Total funds brought	forward			5,882063	6~798,617
TOTAL FUNDS CARRIED FORWARD				7,079,799	5,882,063

			2021	2020
			Unrestricted	Total
FIXEDASSETS		Notes	funds	f'unds
Inveslments			5
CURRENT ASSETS			6,689,801	5,639,228
Debtors: amounts Cash at bank	falling due within one year	7
			14,620 380,179	26,858 220,777
CREDITORS			394,799	247,635
Amounts falling due	within one year
			(4,801)	(4,800)
NET CURRENT ASSETS
			389,998	242,835
TOTAL ASSETSLESSCURRENT LIABILlTIES
			7,079,799	5,882,063
NETASSETS
FUNDS			7,079,799	5,882,063
Unrestricted funds
TOTAL FUNDS			7,079,799	5,882,063
			7,079,799	5,882,063

NOTES TO THE FINANCIAL STATEMENTS -continued	NOTES TO THE FINANCIAL STATEMENTS -continued	NOTES TO THE FINANCIAL STATEMENTS -continued	NOTES TO THE FINANCIAL STATEMENTS -continued
FOR	THE YEAR ENDED 31MARCH		2021
2.	INVESTMENT INCOME
	Other fixed asset invest - FII Interest receivable - trading			2021I 237,077 12	2020I 338,666 49
				237,089	338,715
3.	RAISING FUNDS
	Investment management	costs
	Portfolio management			2021 f 25,141	2020I 1,200
4.	TRUSTEES' REMUNERATION		AND BENEFITS

TRUSTEES' REMUNERATION AND	TRUSTEES' REMUNERATION AND	BENEFITS	BENEFITS
There were no trustees' remuneration 31 March 2020.		or other benefits		for the	year ended 31 March	2021 nor	for the year ended
Trustees' expenses
Expenses of INil (2020: 61,248) to grant giving.	were	reimbursed	to a	Trustee	in respect of personal	expenses	incurred relating
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
							Unrestdicted
INCOME AND ENDOWMENTS	FROM						fundsI
Investment income
							338,715
EXPENDITURE ON
Raising funds
							1,200
Charitable activities
General
							258,931
Total
							260,131
Net gains/(losses) on investments							(995,138)
NET INCOME/(EXPENDITURE)							(916,554)
RECONCILIATION OF FUNDS
Total funds brought forward							6,798,617
TOTAL FUNDS CARRIED FORWARD							5,882,063

FO	R THE YEAR ENDED 31MARCH 2021	R THE YEAR ENDED 31MARCH 2021	R THE YEAR ENDED 31MARCH 2021
8.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
					2021	2020
	Other creditors				f 4,801	f 4,800
9.	MOVEMENT IN FUNDS
				Net	Transfers
	Unrestricted funds		At' 1.4.20 f	movement in funds f	between funds f	At 31.3.21 f
	General fund Ordinary Shares Preference shares, PIBS		212,191 2,456,254	23,317 612,122	793,313	235,508 3,861,689
	Newton global fund		1,306,488	113,699	(793,313)	626,874
			1,907,130	448,598		2,355,728
			5,882,063	1,197,736		7,079,799
	TOTAL FUNDS		5,882,063	1,197,736		7,079,799
	Net movement in funds,	included	in the above are as follows:
			Incoming	Resources	Gains and	Movement
	Unrestricted funds		resources f	expended f	losses f	in funds f
	General fund Ordinary Shares Preference shares, PIBS		195,495 (1)	(157,990)	(14,188) 612,123	23,317 612,122
	Newton globalfund				113,699	113,699
			45,262		403,336	448,598
			240,756	(157,990)	1,114,970	1,197,736
	TOTAL FUNDS		240,756	(157,990)	1,114,970	1,197,736

			Net
			movement	Ai'
Unrestricted funds		At 1xh19	in funds I	31.3.20 I
General fund Ordinary Shares Preference shares, PIBS		133,607 3,069,971	78,584 (613,717)	212,191 2,456,254
Newton	global fund	1,499,024	(192,536)	1,306,488
		2,096,015	(188,885)	1,907,130
		6,798,617	(916,554)	5,882,063
TOTAL	FUNDS	6,798,617	(916,554)	5,882,063

Compar	ative net movement in funds, i	ncluded in the above are a	s follows:
		Incoming	Resources	Gains and	Movement
Unrestricted funds		resources I	expended I	losses I	in funds I
General fund Ordinary Shares Preference shares, PISS		338,715	(260,131)	(613,717)	78,584 (613,717)
Newton	globalfund			(192,536)	(192,536)
				(188,885)	(188,885)
		338,715	(260,131)	(995,138)	(916,554)
TOTAL	FUNDS	338,715	(260,131)	(995,138)	(916,554)

			Net	Transfers
			movement	between	At'
Unrestricted funds		At 13L19	in funds I	fundsI	31.3.21 6
General fund Ordinary Shares Preference shares, PIBS		133,607 3,069,971	101,901 (1595)	793,313	235,508 3,861,689
Newton	global fund	1,499,024	(78,837)	(793,313)	626,874
		2,096,015	259,713		2,355,728
		6,798,617	281,182		7,079,799
TOTAL	FUNDS	6,798,617	281,182		7,079,799

		Incoming	Resources	Gains and	Movement
Unrestricted funds		resources I	expended f	losses	in funds
General fund Ordinary Shares Preference shares, PISS		534,210 (1)	(418,121)	(14,188) (1,594)	101,901 (Ii595)
Newton	global fund			(78,837)	(78,837)
		45,262		21'i,451	259,713
		579,471	(418,121)	119,832	281,182
TOTAL	FUNDS	579,471	(418,121)	119,832	281,182

FOR THE YEAR ENDE	D 31	MARCH 2021
			2021I	2020I
INCOME AND ENDOWMENTS
Investment income
Other fixed asset invest —FII Interest receivable —trading			237,077 12	338,666 49
			237,089	338,715
Other income
Income from class action			3,667
Total incoming resources			240,756	338,715
EXPENDITURE
Investment management		costs
Portfolio management			25,141	1,200
Charitable activities
Administrative &meeting Grants to individuals	costs		195 127,652	1,984 251,799
			127,847	253,783
Support costs
Other
8ank fees			202	348
Governance costs
Audit remuneration costs Accountancy and legal fees			3,300 1,500	3,300 1,500
			4,800	4,800
Total resources expended			157,990	260,131
Net income before gains and losses			82,766	78,584
Realised recognised gains		and losses
Realised gains/(losses) on	fixed asset
investments			(306,864)	(995,138)
Net expenditure			(224,098)	(916,554)