Queen 
  Elizabeth’s 
  Foundation Registered 
  Charity 
  Number 
  526600 

Financial 
  Statements 31[st] December 
  2021 



Queen 
  Elizabeths 
  Foundation Index 
  to 
  Financial 
  Statements 31[st] December 
  2021 

Trustees 
  Annual 
  Report Accountants 
  Report Statement 
  of 
  Financial 
  Activities Balance 
  Sheet Notes 
  to 
  the 
  Financial 
  Statements 

Page 
  1 



Independent 
  Accountants 
  Report 
  to 
  the 
  Trustees 
  of 
  Queen 
  Elizabeths 
  Trust 
  for 
  the 
  Year 
  Ended 
  31[st] December 
  2021. 

The 
  Trustees 
  are 
  of 
  the 
  opinion 
  that 
  the 
  charity 
  is 
  exempt 
  from 
  an 
  Audit 
  and 
  our 
  work 
  has 
  been undertaken 
  so 
  we 
  might 
  compile 
  the 
  Financial 
  Statements 
  we 
  have 
  been 
  engaged 
  to 
  compile 
  and report 
  to 
  the 
  Trustees 
  accordingly. 
  To 
  the 
  fullest 
  extent 
  permitted 
  by 
  law 
  we 
  do 
  not 
  accept 
  or assume 
  responsibility 
  to 
  anyone 
  other 
  than 
  the 
  Trustees, 
  for 
  our 
  work 
  or 
  for 
  this 
  report. 

We 
  have 
  not 
  been 
  instructed 
  to 
  carry 
  out 
  an 
  audit 
  of 
  the 
  Financial 
  Statements. 
  For 
  this 
  reason, 
  we have 
  not 
  verified 
  the 
  accuracy 
  or 
  completeness 
  of 
  the 
  accounting 
  records 
  or 
  information 
  and explanations 
  you 
  have 
  given 
  to 
  us 
  and 
  we 
  do 
  not 
  express 
  any 
  opinion 
  on 
  the 
  Financial 
  Statements. 

Crossleys 
  Accountants 28[th] October 
  2022 



Statement 
  of 
  Financial 
  Activities 
  for 
  the 
  Year 
  ended 
  31[st] December 
  2020 

|<br> <br> <br> <br>Income|Note<br> <br>|<br>2021<br> <br>|<br>2020|
|---|---|---|---|
|Brazenose    College|<br> <br>|<br>5<br>|<br>5|
|Investment    Income|2<br> <br>|<br>44858<br>|<br>45738|
|Profit    on    Sale    of||||
|Investment<br>|<br> <br>|<br>-<br> <br>|<br>9451|
|<br> <br> <br> <br>Expenditure|<br> <br>|<br>44882<br>|<br>55213|
|Accountants    Fee|<br> <br>|<br>1774<br>|<br>1728|
|Grants    to    Individuals|<br> <br>|<br>36500<br>|<br>73757|
|Grants    to    schools|<br> <br>|<br>700<br>|<br>2800|
|General    Expenses|<br> <br>|<br>507<br>|<br>583|
|Expenditure    for    the    Year<br> <br>||<br>39481<br>|<br>78868|
|Net    Income    (Expenditure)<br> <br>||<br>5401<br>|(23655)|
|Total    funds    brought    forward<br> <br> <br>||<br>846819<br>|870474|
|<br>Total    funds    carried    forward<br> <br>||<br>852220<br>|846819|



Page 
  2 



Queen 
  Elizabeths 
  Foundation 

Registered 
  Charity 
  Number 
  526600 

|Balance    Sheet    as    at    31st <br>|December    2021|||
|---|---|---|---|
|<br> <br> <br>|<br> <br> <br>|<br>2021<br> <br>|<br>2020|
|Fixed    Assets<br> <br> <br>Current    Assets|Note    3<br> <br>|<br>841740<br>|<br>841740|
|Short    Term    Deposits|<br> <br> <br>|<br>60<br>|<br>60|
|Bank<br> <br> <br> <br>Current    Liabilities|<br> <br> <br>|<br>12290<br>|<br>6889|
|Accruals<br> <br>|<br> <br> <br>|<br>1870<br>|<br>1870|
|<br>Net    Current    Assets<br>|<br> <br> <br>|<br>10480<br>|<br>5079|
|<br>Net    Assets<br>|<br> <br> <br>|<br>852220<br>|<br>846819|
|Capital    Funds    Permanent    Endowment<br>||<br>108426<br>|<br>108426|
|Income    Funds    Unrestricted    Funds<br> <br>||<br>743794<br>|<br>738393|
|<br> <br>|<br> <br> <br>|<br>852220<br>|<br>846819|



Approved 
  by 
  the 
  Trustees 
  and 
  signed 
  on 
  their 
  behalf 
  by………………………………………..Trustee The 
  notes 
  on 
  pages 
  4 
  to 
  6 
  form 
  part 
  of 
  these 
  accounts. 

Page 
  3 



Queen 
  Elizabeths 
  Foundation 

Notes 
  forming 
  part 
  of 
  the 
  Financial 
  Statements 
  for 
  the 
  Year 
  Ended 
  31[st] December 
  2021 

Note 
  1 
  Accounting 
  Policies. 
  The 
  Financial 
  Statements 
  have 
  been 
  prepared 
  under 
  the 
  historical 
  cost convention 
  and 
  in 
  accordance 
  with 
  the 
  Accounting 
  and 
  Reporting 
  by 
  Charities 
  Statement 
  of Recommended 
  Practice 
  (SORP 
  2005) 
  and 
  the 
  Charities 
  Act 
  1993. 

## Change in basis 

There 
  has 
  been 
  no 
  change 
  in 
  basis 
  of 
  Accounting 
  from 
  that 
  adopted 
  in 
  2020. 

Income Resources 

Donations, 
  Legacies 
  and 
  similar 
  Incoming 
  Resources 

These 
  are 
  included 
  in 
  the 
  Statement 
  of 
  Financial 
  Activities 
  (SOFA) 
  when: 

The 
  Charity 
  becomes 
  entitled 
  to 
  the 
  donation, 
  legacy 
  or 
  similar 
  income 
  and 
  any 
  conditions 
  for receipt 
  are 
  met. 

The 
  Trustees 
  are 
  reasonably 
  certain 
  they 
  will 
  receive 
  it 
  and 

The 
  Trustees 
  are 
  reasonably 
  certain 
  the 
  value 
  can 
  be 
  reliably 
  measured. 

Investment Income 

This 
  and 
  associated 
  tax 
  credits 
  if 
  any 
  are 
  included 
  in 
  the 
  accounts 
  when 
  receivable 

Liability Recognition 

Generally 
  liabilities 
  are 
  recognised 
  as 
  soon 
  as 
  there 
  is 
  a 
  legal 
  or 
  constructive 
  obligation 
  committing the 
  charity 
  to 
  the 
  expenditure. 

Page 
  4 



## Queen 
  Elizabeths 
  Foundation 

Notes 
  forming 
  part 
  of 
  the 
  Financial 
  Statements 
  for 
  the 
  year 
  Ended 
  31[st] December 
  2021 
  (continued) 

|Note    2|||
|---|---|---|
|<br> <br> <br> <br>|<br>2021<br> <br>|<br> <br>2020|
|Investment    Income|||
|Income    from    COIF    Charities    Fund|<br>35554<br>|<br> <br>35460|
|Income    from    COIF    Charities    property|fund<br>9009<br>|<br> <br>10278|
|Miscellaneous    Income<br> <br>|<br>295<br>|<br> <br>-|
|<br> <br> <br> <br> <br> <br> <br>Note    3|<br>44858<br>|<br> <br>45738|
|Fixed    Asset    Investment|||
|160591    Income    Units    in    COIF|||
|Charities    Property    Fund<br>|<br>200000<br>|<br> <br>200000|
|Income    Units    in    COIF|||
|Charities    Investment    Fund<br>|<br>641740<br>|<br> <br>641740|
|Historical    Cost    31stDecember<br>|<br>841740<br>|<br> <br>841740|
|Market    Value    31stDecember<br>|1295486<br>|<br>1158196|



Note 
  4 
  Allotment 
  land 
  at 
  John 
  Lee 
  Fold 
  has 
  been 
  registered 
  with 
  the 
  official 
  Custodian 
  at 
  the 
  land Registry. 
  No 
  value 
  has 
  been 
  attributed 
  to 
  this 
  land 
  at 
  31[st] December 
  2021. 
  The 
  Charity 
  also 
  owns 
  a ransom 
  strip 
  of 
  land 
  at 
  Mellalieu 
  Street 
  to 
  which 
  no 
  value 
  has 
  been 
  attributed. 

Note 
  5 
  The 
  Charity 
  had 
  no 
  employees 
  in 
  the 
  year. 

Note 
  6 
  Units 
  were 
  sold 
  in 
  the 
  year 
  and 
  donated 
  to 
  4 
  colleges 
  to 
  further 
  educate 
  each 
  receiving £25,000. 

Page 
  5 



Queen 
  Elizabeths 
  Foundation 

Notes 
  forming 
  part 
  of 
  the 
  Financial 
  Statements 
  for 
  the 
  Year 
  Ended 
  31[st] December 
  2021. 

Note 
  6 

Creditors 

There 
  were 
  none 
  owing 
  over 
  one 
  year 
  (2019 
  none) 

Note 
  7 

There 
  were 
  no 
  related 
  party 
  transactions 

Note 
  8 

The 
  Trustees 
  make 
  the 
  following 
  declarations: 

Change 
  in 
  the 
  year 
  end 

Note 
  9 

The 
  Trustees 
  have 
  not 
  changed 
  the 
  year 
  end 
  date 
  nor 
  the 
  length 
  of 
  the 
  Charity’s 
  Financial 
  Year 

Designated 
  Funds 

Note 
  10 

The 
  Charity 
  does 
  not 
  have 
  any 
  designated 
  funds 

Discontinued, 
  continuing 
  and 
  acquired 
  operations 

All 
  of 
  the 
  charity’s 
  operations 
  are 
  continuing 
  operations 
  and 
  there 
  were 
  no 
  operations 
  discontinued or 
  acquired 
  during 
  the 
  year. 

Subsidiaries 

The 
  Charity 
  has 
  no 
  subsidiary 
  companies 

Note 
  11 

Valuations 

The 
  market 
  value 
  of 
  the 
  Fixed 
  assets 
  has 
  been 
  shown 
  in 
  Note 
  3 
  of 
  the 
  Financial 
  Statements, 
  while uncapitalised 
  fixed 
  assets 
  have 
  been 
  covered 
  in 
  Note 
  5 
  of 
  the 
  Financial 
  Statements, 
  these uncapitalised 
  assets 
  may 
  have 
  a 
  material 
  value. 

Page 
  6