## # ## ## |Trustees||Jim Jermyn||| |---|---|---|---|---| |||Jonathan
Miller||| |||Sally Petitt||| |||Paul Cook||| |||Kit Strange||| |||David Knott||| |Secretary||Rebecca Slack||| |||Email: info@merlin-trust.||org.uk| |Charity number||803441||| |Principal address||c/o Head of Horticulture||| |||Cambridge
University|Botanic Garden|| |||1 Brookside||| |||Cambridge||| |||CB2 1JE||| |Independent|examiner|Azets Audit Services||| |||Thorpe House||| |||93 Headlands||| |||Kettering||| |||Northamptonshire||| |||United
Kingdom||| |||NN15 6BL||| |Bankers||Lloyds Bank PLC||| |||3 —4 Market Street, Kettering,||| |||Northants,
NN16 OAH||| |Investment|advisors|Brewin Dolphin,||| |||Time Central,
Gallowgate,||| |||Newcastle-Upon-Tyne,||NE1 4SR| ## ## ||||Page| |---|---|---|---| |Trustees'
report|||1-4| |Independent
examiner's||report|| |Statement
offinancial|activities||| |Balance sheet|||| |Notes to the financial|statements||| ## ## ## ## ## ## ## ## ## ## ## ## |||||Unrestricted|Unrestricted| |---|---|---|---|---|---| |||||funds|funds| |||||2022|2021| ||||Notes|f|F| |Income from:|||||| |Donations
and legacies||||9,236|4,399| |Other trading
activities||||541|336| |Investments||||18,312|18,110| |Other income|||||15,273| |Total income||||28,089|38,118| |Ex enditure on:|||||| |Raising funds||||8,236|7,113| |Charitable
activities|||||| |Grant making||||8,190|6,097| |Total charitable|expenditure|||8,190|6,097| |Total resources|expended|||16,426|13,210| |Net gains/(losses)||on investments|12|39,915|169,510| |Net movement
in||funds||51,578|194,418| |Fund balances at|6April 2021|||857,379|662,961| |Fund balances at||5April 2022||908,957|857,379| ## ## ## |||||||2022||2021|| |---|---|---|---|---|---|---|---|---|---| ||||||Notes|F||F|| |Fixed assets|||||||||| |Tangible assets|||||13||1||1| |Investments|||||14||876,179||804,179| ||||||||876,180||804,180| |Current assets|||||||||| |Debtors|||||16|1,488||1,541|| |Cash at bank||and|in|hand||43,649||62,950|| |||||||45,137||64,491|| |Creditors:|amounts|||falling due within|||||| |one year|||||17|(12,360)||(11,292)|| |Net current|assets||||||32,777||53,199| |Total assets||less|current liabilities||||908,957||857,379| |Income funds|||||||||| |Unrestricted||funds|||||||| |Designated|funds||||18|879,869||803,852|| |General
unrestricted||||funds||29,088||53,527|| ||||||||908,957||857,379| ||||||||908,957||857,379| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||Unrestricted|Unrestricted| |---|---|---|---| |||funds|funds| |||2022|2021| |Donations|and gifts|9,236|4,399| |Donations|and gifts||| |Peter Wilson||2,200|1,000| |Tim Brotzman||780|2,578| |The Heather Society||746|821| |The Saxifrage Society||5,500|| |Other||10|| |||9,236|4,399| ## |||Unrestricted|Unrestricted| |---|---|---|---| |||funds|funds| |||2022|2021| ||Income from royalties|541|336| |5|Investments||| |||Unrestricted|Unrestricted| |---|---|---|---| |||funds|funds| |||2022|2021| |Income|from listed investments|18,306|18,101| |Interest|receivable|6|9| |||18,312|18,110| ## ## ## ## |||Unrestricted|Unrestricted| |---|---|---|---| |||funds|funds| |||2022|2021| ||||F| |Investment|management|8,236|7,113| |||8,236|7,113| ## |||||Grant|Grant| |---|---|---|---|---|---| |||||making|making| |||||2022|2021| |||||F|F| |Grant|funding|ofactivities (see note 9)||2,266|| |Share|ofsupport costs (see note 10)|||3,362|3,373| |Share|ofgovernance||costs (see note 10)|2,562|2,724| |||||8,190|6,097| ||||||Grant|Grant| |---|---|---|---|---|---|---| ||||||making|making| ||||||2022f|2021
F| |Grants|to|individuals|(3|grants)|2,266|| ||||||2,266|| ## ## ## |Details ofthe 2022|grant|awards,|including|the travel destination,|the travel destination,|the travel destination,|are|set out below:|set out below:|| |---|---|---|---|---|---|---|---|---|---|---| |Caroline Pheasey||Tresco Abbey||Gardens,|Isles of Scilly||||F426|| |Tracey Fahey||South|Devon||||||F590|| |Aaron
Marshall||The McGregor||Saxifrage|Study Award||||F1,250|| |Support costs||||||||||| |||Support Governance||||2022||Support|Governance|2021| ||||costs|costs||||costs|costs|| ||||F||F||F|F|F|| |Secretarial
support|||3,000|||3,000||3,000||3,000| |Publicity
and
website||||||||||| |costs|||86|||||187||187| |Stationery,
postage,||||||||||| |software,
travel|and|||||||||| |other costs|||276|||276||186||186| |Independent
examiner's||||||||||| |remuneration||||2,562||2,562|||2,724|2,724| ||||3,362|2,562||5,924||3,373|2,724|6,097| |Analysed
between||||||||||| |Charitable
activities|||3,362|2,562||5,924||3,373|2,724|6,097| ## ## ## ||||Unrestricted|Unrestricted| |---|---|---|---|---| ||||funds|funds| ||||2022|2021| ||||F|F| |Revaluation|of|investments|36,871|146,117| |Gain/(loss)|on|sale of investments|3,044|23,393| ||||39,915|169,510| ## ## ## |Tangible|fixed assets||| |---|---|---|---| |||Computers|and similar| ||||equipment| ||||F| |Cost|||| |At 6April|2021||1,282| |At 5April|2022||1,282| |Depreciation
and impairment|||| |At 6April|2021||1,281| |At 5April|2022||1,281| |Carrying|amount||| |At 5April|2022||| |At 5April|2021||| ## |Fixed ass|et investments|||| |---|---|---|---|---| |||Listed|Cash in|Total| |||investments|portfolio|| |||F||| |Cost or valuation||||| |At 6April|2021|782,721|21,458|804,179| |Additions||67,018|3,618|70,636| |Valuation|changes|36,871||36,871| |Disposals||(35,507)||(35,507)| |At 5April|2022|851,103|25,076|876,179| |Carrying|amount|||| |At 05April|2022|851,103|25,076|876,179| |At 05April|2021|782,721|21,458|804,179| ## ## ## ## |15|Financial|instruments|||2022|2021| |---|---|---|---|---|---|---| ||Carrying
amount of||financial assets|||| ||Instruments|measured|at fair value through|profit or loss|851,103|782,721| |16|Debtors|||||| ||||||2022|2021| ||Amounts|falling due|within one year:||F|F| ||Other debtors||||1,488|1,541| |17|Creditors:|amounts|falling due within one year|||| ||||||2022|2021| ||||||F|| ||Accruals and deferred||income||12,360|11,292| ||||||~ Cat
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I—| ## ## |19|Analysis of net assets|between funds|||||| |---|---|---|---|---|---|---|---| |||Unrestricted|Designated|Total|Unrestricted|Designated|Total| |||funds|funds||funds|funds|| |||2022|2022||2021|2021|2021| ||Fund balances at 5||||||| ||April 2022 are||||||| ||represented
by:||||||| ||Tangible assets|1||1|1||1| ||Investments||876,179|876,179||804,179|804,179| ||Current assets/||||||| ||(liabilities)|29,087|3,690|32,777|53,526|(327)|53,199| |||29,088|879,869|908,957|53,527|803,852|857,379| ##