## 

## 

## 



## 

## 

|||Page|
|---|---|---|
|Trustees'<br>report||1-2|
|Independent<br>auditor's|report|3-5|
|Statement<br>offinancial|activities||
|Balance sheet|||
|Statement<br>ofcash flows|||
|Notes to the financial|statements|9-13|





## 

## 

## 

## 

## 

## 

## 



## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

|||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2021|2020|
||||Notes|E|E|
|Income from:||||||
|Donations|||3|1,743,826|601,000|
|Investments|||4|50,689|178,886|
|Total income||||1,794,515|779,886|
|Ex enditure on:||||||
|Charitable<br>activities||||||
|Donations|||5|1,886,849|1,250,035|
|Governance<br>costs|||5|3,951|889|
|Total charitable|expenditure|||1,890,800|1,250,924|
|Net gains/(losses)||on investments||(441,079)|(188,662)|
|Net movement|in|funds||(537,364)|(659,700)|
|Fund balances|at 1 April 2020|||2,780,002|3,439,702|
|Fund balances|at|31 March 2021||2,242,638|2,780,002|





## 

## 

## 

||||2021||2020||
|---|---|---|---|---|---|---|
|||Notes|||f||
|Fixed assets|||||||
|Investments||||1,918,263||2,361,092|
|Current assets|||||||
|Debtors||10|150,000||158,119||
|Cash at bank and in|hand||175,155||261,571||
||||325,155||419,690||
|Creditors: amounts|falling due within||||||
|one year|||(780)||(780)||
|Net current assets||||324,375||418,910|
|Total assets less current liabilities||||2,242,638||2,780,002|
|Income funds|||||||
|Unrestricted<br>funds||||2,242,638||2,780,002|
|||||2,242,638||2,780,002|





## 

## 

## 

|||||2021||2020|
|---|---|---|---|---|---|---|
||||Notes|E||f|
|Cash flows from operating||activities|||||
|Cash absorbed<br>by operations|||13||(138,855)|(634,306)|
|Investing|activities||||||
|Purchase|of investments|||(1,748,250)||(1,549,754)|
|Proceeds|on disposal of investments|||1,750,000||1,000,000|
|Investment|income received|||50,689||178,886|
|Net cash|generated<br>from/(used<br>in)||||||
|investing|activities||||52,439|(370,868)|
|Net cash|used in financing|activities|||||
|Net decrease in cash and||cash equivalents|||(86,416)|(1,005,174)|
|Cash and|cash equivalents|at beginning|ofyear||261,571|1,266,745|
|Cash and|cash equivalents|at.end of|year||175,155|261,571|





## 

## 

## 

## 

## 

## 

## 

## 



## 

## 


## 

## 

## 

## 

## 




## 

## 

## 

## 

||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||2021|2020|
||||F||
|Income|from unlisted|investments|44,384|169,276|
|Interest|receivable||6,305|9,610|
||||50,689|178,886|



## 

|Charitable|activities|||||||||
|---|---|---|---|---|---|---|---|---|---|
||||Donations||Governance|Total|Donations|Governance|Total|
||||||costs|2021||costs|2020|
||||2021||2021|||2020||
|||||E||F||F||
|Donations|—UK||679,371|||679,371|1,159,764||1,159,764|
|Donations|- Non UK||1,207,478|||1,207,478|90,271||90,271|
||||1,886,849|||1,886,849|1,250,035||1,250,035|
|Share ofgovernance<br>(see note 6)||costs|||3,951|3,951||889|889|
||||1,886,849||3,951|1,890,800|1,250,035|889|1,250,924|
|Support costs||||||||||
||||Support|Governance||2021|Support|Governance|2020|
||||costs||costs||costs|costs||
||||F||F|F|F|F||
|Audit fees|||||780|780||780|780|
|Legal and|professional||||5,400|5,400||||
|Bank charges|||||(2,229)|(2,229)||109|109|
||||||3,951|3,951||889|889|
|Analysed|between|||||||||
|Charitable|activities||||3,951|3,951||889|889|





## 

## 

|8|Net gains/(losses)|Net gains/(losses)|on investments|||
|---|---|---|---|---|---|
|||||Unrestricted|Unrestricted|
|||||funds|funds|
|||||2021|2020|
||Revaluation|ofinvestments||(441,079)|(188,662)|
|9|Fixed asset|investments||||



|Fixed as|set investments||
|---|---|---|
|||Unlisted|
|||investments|
|Cost or valuation|||
|At 1 April|2020|2,361,092|
|Additions||1,748,250|
|Valuation|changes|(441,079)|
|Disposals||(1,750,000)|
|At 31 March 2021||1,918,263|
|Carrying|amount||
|At 31 March 2021||1,918,263|
|At 31 March 2020||2,361,092|



|10|Debtors|||||
|---|---|---|---|---|---|
|||||2021|2020|
||Amounts|falling due within one year:|||E|
||Other debtors|||150,000|150,000|
||Prepayments||and accrued income||8,119|
|||||150,000|158,119|



|||||2021|2020|
|---|---|---|---|---|---|
|||||E||
|Accruals|and|deferred|income|780|780|





## 

## 

## 

## 

|Cash generated<br>from operations|Cash generated<br>from operations|||2021|2020|
|---|---|---|---|---|---|
|Deficit for the year||||(537,364)|(659,700)|
|Adjustments<br>for:||||||
|Investment<br>income recognised|in statement|offinancial|activities|(50,689)|(178,886)|
|Fair value gains and losses on|investments|||441,079|188,662|
|Movements<br>in working<br>capital:||||||
|Decrease<br>in debtors||||8,119|15,618|
|Cash absorbed<br>by operations||||(138,855)|(634,306)|