2021-10-31-accounts - The Mary Elizabeth Siebel Charity

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

			Page
Report ofthe	Trustees		1to 5
independent	Examiners	Report	6
Statement of	Financial	Activities	7
Balance Sheet			8
Notes to the Financial Statements			9to 14
Detailed Statement of Financial Activities			15

Statement ofFinancial Activities
for the Year Ended 31October 2021				31/10/2021	31/10/2020
		Unrestricted	Endowment
Notes		Funds	Fund
		E	f
INCOMING RESOURCES
Income
Income from investments	2	81,343	0	81,343	85,241
RESOURCES EXPENDED
Expenditure Investment management costs		811	25,763	26,574	22,417
Charitable activities
Grants payable Support costs Governance costs		71,111 30,243 14,797	0 0 0	71,111 30,243 14,797	35,292 25,285 13,500
Resources expended		116,962	25,763	142,725	96,494
NET INCOMING/(OUTGOING) RESOURCES		-35,619	-25,763	-61,382	-11,253
Other recognised gains/losses Gains/losses on investments		0	825,622	825,622	201,262
Net movement in funds		-35,619	799,859	764,240	190,009
RECONCILIATION OF FUNDS
Total funds brought forward		78,506	3,688,013	3,766,519	3,576,510
TOTAL FUNDS CARRIED FORWARD		42,887	4,487,872	4,530,759	3,766,519

At 31Octob	er 2021			31/10/2021	31/10/2020
		Notes
FIXEDASSETS
Investments				4,283,456	3,497,534
Investment	Property			150,000	150,000
				4,433,456	3,647,534
CURRENT ASSETS
Debtors			10	2,022	1,892
Cash at Bank			11	122,224	129,811
				124,246	131,703
CREDITORS
Amounts falling due within 1year			12	-26,943	-12,718
NET CURRENT ASSETS				97,303	118,985
TOTAL ASSETS LESSCURRENT
LIABILITIES				4,530,759	3,766,519
NET ASSETS				4,530,759	3,766,519
FUNDS			14
Unrestricted	Funds			42,887	78,506
E'ndowment	Funds			4,487,872	3,688,013
c
TOTAL FUNDS				4,530,759	3,766,519

	for the Year Ended 31Oct	obe	r	20	21
							31/10/2021	31/10/2020
							E	f
2	INCOME FROM INVESTMENTS
	Dividends received						76,974	80,826
	Property rents						4,368	4,368
	Interest						1	47
							81,343	85,241
3	INVESTMENT MANAGEMENT		COSTS
	Portfolio management						25,763	21,618
	Rent collection fees						577	585
	Property insurance						169	148
	Property repairs						65	66
							26,574	22,417
4	TRUSTEES REMUNERATION	AND		BENEFITS
	No trustees remuneration,	nor	benefits			nor any
	expenses were paid to the trustees				in either
	the year ended 31October	2021		nor 2020
5	STAFF COSTS
	Wages and salaries						2,147	1,856
	The average number ofmonthly			employees
	during the year was
6	KEYMANAGEMENT PERSONNEL
	No remuneration was paid	to any Key
	Management Personnel
7	RELATED PARTY TRANSACTIONS
	There were no related party transaction					that
	require disclosure.

	LISTED STOCKS AND SHARES
	MARKET VALUE
	At 1November 2020						3,497,534
	Additions						519,717
	Disposals						-559,417
	Revaluations						825,622
	At 31October 2021						4,283,456
	NET BOOK VALUE
	31October 2021						4,283,456
	31October 2020						3,497,534
	There were no investment assets held outside			the	UK
	The historic cost ofthe Fixed Asset Investments			at
	31October 2021was f2,860,899 (2020f 2,763,110)
	Additions are recorded at cost,	disposals are shown			at market
	value brought forward from the previous year,			or cost if
	purchased during the year.
9	INVESTMENT PROPERTY
	MARKET VALUE
	At 1November 2020 and 31October 2021						150,000
	NET BOOK VALUE
	31October 2021						150,000
	31October 2020						150,000
	The one remaining investment	property was	valued		by our letting
	agent Edward Mellor at31October 2018atf150,000. The property					was
	sold in year ended 31October 2022 for6147,543.
	The historic costofthe property	as acquired	under		Miss Siebel's
	will was 616,667


4 MOVEMENT IN FUNDS								Net
								movement
							At 1.11.20	in funds	At 30.10.21
							E	E	E
Unrestricted		funds
General							78,506	-35,619	42,887
Endowment		funds
Permanent		Endowment	fund				3,688,013	799,859	4,487,872
TOTAL FUNDS							3,766,519	764,240	4,530,759
Net movement in funds, included					in	the
above are	as follows:
					Incoming		Resources	Gains	Movement
					resouces		expended	and losses	in funds
						E	f		E
Unrestricted		funds
General						81,343	-116,962		-35,619
Endowment		funds
Permanent	Endowment		fund			0	-25,763	825,622	799,859
TOTAL FUNDS						81,343	-142,725	825,622	764,240
Comparatives		for movement		in funds				Net
								movement
							At 1.11.19	in funds	At 30.10.20
							f	f	f
Unrestricted		funds
General							68,141	10,365	78,506
Endowment		funds
Permanent	Endowment		fund				3,508,369	179,644	3,688,013
TOTAL FUNDS							3,576,510	190,009	3,766,519
Comparative		net movement		in funds,		included	in the
above are as		follows:
					Incoming		Resources	Gains	Movement
					resouces		expended	and losses	in funds
						f	f	E	E
Unrestricted		funds
General						85,241	-74,876	0	10,365
Endowment	funds
Permanent	Endowment		fund			0	-21,618	201,262	179,644
TOTAL FUNDS						85,241	-96,494	201,262	190,009
	page 14

			31/10/2021	31/10/2020
			f	E
INCOMING RESOURCES
Dividends received			76,974	80,826
Rental income			4,368	4,368
Interest			1	47
TOTAL INCOMING RESOURCES			81,343	85,241
RESOURCES EXPENDED
Investment management	costs
Portfolio management			25,763	21,618
Rent collection fees			577	585
Property insurance			169	148
Property repairs			65	66
			26,574	22,417
Charitable activities
Wages			2,147	1,856
Insurance			2,221	1,996
Telephone			179	14
Stationery and software			2,209	2,280
Marketing and website			2,520	800
Sundries			362	158
Solicitors fees: Administration			20,605	18,181
Grants to institutions			1,500	6,500
Grants to individuals			69,611	28,792
			101,354	60,577
Governance costs
Independent examiners	fees		1,060	1,380
Solicitors fee:Accounts	and compliance		13,737	12,120
			14,797	13,500
TOTAL RESOURCES EXPENDED			142,725	96,494
Net (expenditure)/income	before gains and losses		-61,382	-11,253
Realised and unrealised	gains and (losses) on
fixed asset investments			825,622	201,262
Net income forthe year			764,240	190,009
This page does not form part ofthe statutory		financial	statements
page15