## **The Townsend-Jeantet Prize Trust** ## **Unaudited Trust Accounts** **Year to 5th April 2021** Couch Bright King & Co 1st Floor, Shropshire House 179 Tottenham Court Road London W1T 7NZ 14/03/2022 09:59 ## **The Townsend-Jeantet Prize Trust** ## **Year to 5th April 2021** ## **Trustees' Approval** We approve the unaudited Statement of Financial Affairs and confirm that we have made available all relevant records and information for their preparation. Professor Alain Townsend FRS Nigel Hamway Esq ## **Chartered Accountant's Report to the Trustees on the Unaudited Financial Statements for the Year Ended 5th April 2021** As described above, you have approved the unaudited Statement of Financial Affairs for the year ended 5th April 2021 set out on pages 1 to 3. In accordance with your instructions, we have compiled the unaudited Statement of Financial Affairs from the accounting records , information and explanations supplied to us. Couch Bright King & Co Chartered Accountants 1st Floor, Shropshire House 179 Tottenham Court Road, London, WC1E 6AB 14 March 2022 14/03/2022 09:59 ## **The Townsend-Jeantet Prize Trust** ## **Trustees’ Report for the year to 5[th] April 2021** ## **Trusts** ## **Policies** Professor Alain Townsend founded the Charity by a Deed dated 1st June 1992. The objects of the Trust are the promotion of medical biological and chemical research into the causes and treatment of disease and the publishing of useful results thereof. No part of the capital or income of the Trust can be paid or applied for any purpose which is not charitable. The Trustees may also make grants, loans and other forms of financial assistance to individuals and make contributions out of capital or income towards the objects or expenses of any charity having similar objects to the Trust The Trustees regard both realised and unrealised investment gains as an accretion to the historic capital fund rather than as income available for distribution. Correspondingly investment losses and expenditure referable to capital are a deduction from the historic capital fund. The portfolio is invested in a UK common investment fund for charities administered by BNY Mellon Fund Managers Ltd. This aims maximise total returns through capital growth and income. The Trustees may accumulate income as an accretion to capital if they so decide. The Trust is registered with the Charity Commission No 1011770. Its principal office is at The Institute of Molecular Medicine, The John Radcliffe Hospital, Headington, Oxford, OX3 9DU. The power to appoint new Trustees is vested in the Founder during his lifetime and thereafter in the Trustees. ## **Trustees** Professor Alain Townsend FRS Nigel Hamway Esq ............................................... ........................... Professor Alain Townsend FRS., Date 14/03/2022 09:59 **THE TOWNSEND-JEANTET PRIZE TRUST** _Page 1_ **Statement of Financial Activities, Year to 5th April 2021** |**Incoming Resources**
**Incoming resources from generated funds**
**Voluntary Income**
Donations
**Investment Income**
Dividends from UK Unit Trusts
NatWest Bank Interest - gross
**Total incoming resources**
**Resources expended**
**Charitable Activities**
Charitable Payments
See schedule attached
**Governance Costs**
Tax and Accountancy Fees
Couch Bright King & Co
**Total resources expended**
**Net incoming/outgoing resources**
**Other recognised gains/losses**
**Gains/losses on investment Assets**
Based on historic cost
Accounting method adjustment
Unrealised gain/(loss) on investments
**Net movement in funds**
**Reconciliation of Funds**
**Total funds brought forward**
**Total funds carried forward**|**2021**
**Unrestricted**
**Total**
**Funds**
25,000.00
25,000.00
5,549.66
5,549.66
0.00
0.00
30,549.66
30,549.66
0.00
0.00
1,440.00
1,440.00
1,440.00
1,440.00
29,109.66
29,109.66
0.00
0.00
0.00
0.00
0.00
0.00
49,476.62
49,476.62
49,476.62
49,476.62
234,296.19
234,296.19
312,882.47
312,882.47|**_2020_**
**Balance Sheet**
**Fixed Assets**
_0_
**Investments**
_7,370_
_0_
_7,370_
**Total fixed assets**
**Current Assets**
**Cash at bank and in hand**
NatWest Bank
_0_
Business Reserve Account
Current Account
_2,331_
_2,331_
_5,039_
**Liabilities**
_0_
**Creditors: Amounts falling**
**due within one year**
Couch Bright King & Co
_695_
Donations and bursaries
_8,594_
**Net current assets or liabilities**
_(32,237)_
**Total assets less current liabilities**
_(22,948)_
**The funds of the charity**
**Unrestricted income funds**
_252,205_
**Total unrestricted funds**
_234,297_
**Total charity funds**|**2021**
**Unrestricted**
**Total**
**Funds**
286,989.88
286,989.88
286,989.88
286,989.88
0.91
0.91
30,730.68
30,730.68
30,731.59
30,731.59
4,839.00
4,839.00
0.00
0.00
25,892.59
25,892.59
312,882.47
312,882.47
312,882.47
312,882.47
312,882.47
312,882.47
312,882.47
312,882.47|**_2020_**
_231,963_| |---|---|---|---|---| |||||_231,963_| |||||_1_
_5,731_| |||||_5,732_| |||||_3,399_
_0_
_2,333_
_234,296_| |||||| |||||_234,296_
_234,296_
_234,296_| ACS2021.xls 4 14/03/2022 09:59 **THE TOWNSEND-JEANTET PRIZE TRUST** _Page 2_ ## **Investments Account, year to 5th April 2021** |**Holdings at 6.4.2020**
**Transactions during the period**
Nominal
Market
Date
Nominal
Cost/
Value
(Proceeds)
Newton Grwth & Inc Fund for Charities
188,465.7170
231,964
31.5.2020
1,041.5750
1,394.46
31.8.2020
1,152.0410
1,569.31
30.11.2020
954.2100
1,357.65
28.2.2021
855.0230
1,228.24
231,964
5,549.66|**Holdings at 6.4.2020**
**Transactions during the period**
Nominal
Market
Date
Nominal
Cost/
Value
(Proceeds)
Newton Grwth & Inc Fund for Charities
188,465.7170
231,964
31.5.2020
1,041.5750
1,394.46
31.8.2020
1,152.0410
1,569.31
30.11.2020
954.2100
1,357.65
28.2.2021
855.0230
1,228.24
231,964
5,549.66|**Holdings at 5.4.2021**
Gain/
Nominal
Adjusted
Market
(Loss)
Value
Value
192,468.5660
237,513.26
286,990
0.00
237,513.26
286,990|Dividends/
Interest
5,549.66| |---|---|---|---| ||5,549.66||5,549.66| ACS2021.xls 5 14/03/2022 09:59