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|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|
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|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|
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|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|
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||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.||||||||
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||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|||||||
##
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||||||||||31/10/2021|31/10/2020|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||f|f|
|10DEBTORS:AMOUNTS||||FALLING DUE WIYHIN ONE YEAR|||||||
|Prepaid insurance|||||||||2,022|1,892|
|||||||General||Permanent|Total|Total|
|||||||||Endowment|Funds|Funds|
|||||||f||f|f|f|
|11CASH AT BANK|||||||||||
|Brewin Dolphin||Capital|||||0|59,816|59,816|45,879|
|Brewin Dolphin||Dividend||||7,220||0|7,220|3,760|
|HSBC Money|Manager|||Account||4,886||0|4,886|4,885|
|HSBCCurrent|Account|||||50,302||0|50,302|75,287|
|||||||62,408||59,816|122,224|129,811|
|12 CREDITORS:|AMOUNTS||||FALLING DUE WITHIN||ONE YEAR||||
|Grants authorised|||but|unpaid|||||21,095|6,418|
|Taxes and Nl|||||||||48|0|
|Independent|examiners||||fees||||1,000|1,380|
|Tallents admininstration|||||fees||||4,800|4,920|
||||||||||26,943|12,718|
|13 ANALYSIS OF|NET||ASSETS BETWEEN FUNDS||||||||
|||||||Unrestricted||Endowment|Total|Total|
|||||||Funds||Funds|Funds|Funds|
|||||||f||f|f|f|
|Investments|||||||0|4,433,456|4,433,456|3,647,534|
|Current assets||||||64,430||59,816|124,246|131,703|
|Current
liabilities||||||-26,943||0|-26,943|-12,718|
|||||||37,487||4,493,272|4,530,759|3,766,519|
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|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|||||