Charity number.. 1014066 THE MISS W E LAWRENCE 1973 CHARITABLE SEThLEMENT UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021
THE MISS W E LAWRENCE 1973 CHARITABLE SETTLEMENT CONTENTS Page Reference and Administrative Details of the Charity, its Trustees and Advisers Trustees. Report Independent Examiner's Report statement of Financial Activities Balance Sheet Statement of Cash Flows Notes to the Financial Statements 10-21
THE MISS W E LAWRENCE 1973 CHARITABLE SETTLEMENT REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2021 Trustees Mr Jonathan Bastable Mr Julian Dickins lappoinled 21 May 20201 Mr Roy Green (resigned 21 May 20201 Mr Roger William Henman Charity rggisterod numbor 1014066 Principal office 5000 Oxford Business Park South Oxford Oxfordshire OX4 28H AOuntantS James Cowper Kreslon Chartered AccoLJnlanls 2 Communications Road Greenham Business Park Greenham Newbury Berkshire RG19 6AB Bankers Allied Irish Banks PLC 63 Temple Row Bimiingham 82 5LS Solicitors Freeths LLP 5700 Oxford Business Park South Oxford Oxfordshire OX4 2RW Agents Carter Jonas 51 Northbrook Street Newbury Berkshire RG14 1DT Invgslment Advisors Smith and Williamson Investment Managemenl 25 Moorgate London EC2R 6AY Page 1
THE MISS W E LAWRENCE 1973 CHARITABLE SETTLEMENT TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2021 The Trustees present their Annual Report together with the financial statements of The Miss W E Lawrence 1973 Charitable Settlement Ithe charilyl for the ended 5 April 2021. The Trustees confirm that the Annual Report and financial statements of the charity comply with the current statutory requirements, the requirements of the charitls governing docLJment and the provisions of the Statement of Recommended Practice ISORPI "Accounting and Reporting by Charities" issued in October 2019. Structurei governance and management Constitution The charitls governing document is a Settlement dated 13 September 1973. The charity was set up by Miss Lawrence to benefit national charities and organisations. The settlement gives the Trustees power for a period of eighty years to apply the income from the Trust Fund to such charitable objects, associations and organisations and in such shares and proportions and in such manner in all respects as the Trustees in their absolute discretion think fil. Methods of appointment or election of Trustees A change of Trustees look place in the year. Roy Green retired in favour of Julian Dickins. The Trustees are jointly responsible for the induction of any new Trustee. The induction includes awareness of Trustees, responsibilities, consideration of the governing documents, administrative procedures and the history and philosophy of the charity. The new Trustee receives copies of the previous yearfs annual report and accounts and a copy of the relevant Charity Commission leaflets. Organisational structure and decision-making policies The Trust continues to have three Trustees. All Trustees give of their time freely and no Trustees, remuneration was paid in the year. Risk management The Trustees regularly review the risks that the charity faces. To date, these have been restricted lo the risks associated with owning land, the need to maintain an adequate level of income from which lo make distributions and also the risk of fraud by professional advisors. The third risk is something which the Trustees experienced directly many years ago and there are provisions in place lo give added protection. Objectives and activities Policies and objectives The charity is organised generally to provide assistance for local charities operating in Kintbury where the late Miss Lawrence, the settlor, lived. The objects of the charity are wide and owing to the inability to expend capital from its principal capital fund, it continues to be the Trustees, policy to utilise their income in support mainly of local charities, but also certain national charities, some of which the late Miss Lawren supported in her lifetime. Jonathan Bastable and Julian Dickins are Trustees with a local presence in Kintbury who can monitor local charitable need. Page 2
THE MISS W E LAWRENCE 1973 CHARITABLE SETTLEMENT TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 5 APRIL 2021 Objectives and activities {continuedl The Trustees confirm that they are aware of the guidance contained in the Charity Commission's general guidan on public benefit when making grants each year. The Trust fulfils ils obligations by=_ Providing funds to finan educational grants lo individuals of limited means resident in the Kinlbury area Providing grants to organisations providing recreational activities and social support for the residents of Kinlbury Providing grants to national registered charities supporting medical research, counselling and support services for children and others incapacitated through age, accident, injury, physical or mental illness Providing grants lo the above mentioned causes having an income from all sources of less than £2 million per annum Activities undertaken to achieve objectives The Trustees, income increased following the sale of land at Kintbury for development in February 2006 and has recovered a little following falls in recent years due to the fall in interest rates and investment returns. The total income for the year was £124,646 12020.. £140,587). The Trustees made grants lotalling £111,517 12020.. £80,101). The Trustees have allocated a fund lo provide grants lo assist young people from the Kintbury area with the costs of tertiary education and training and applications have been sought from and grants paid lo young people. The Trustees continue to keep under review the application of income in accordan with the objects of the charity. Grant-making policies The Trustees meet half yearly lo consider the grants they will make and to review any feedback they have received. Most of the grants are made in April of each year. Nominations for grants are made by formal and informal means but all applicants are now encouraged to submit an application via the Good Exchange plalfomi or complete a standard application form. The Trustees encourage feedback on actual use of the funds. The Trustees whenever possible attend functions lo which they are invited by the charitable organisations they support and report on what they learn from attending the functions. The Trust has a legal clerk who handles the day lo day correspondence relating lo grants. The clerk is an executive at the firm of Freeths LLP and the fimi also offers legal advi lo the charity. Achievements and perfomiance Review of activities During the year the Trust has been able to continue its support of local charities in Kinlbury and it has also made donations lo larger national charities, sometimes with conditions limiting the use of those donations lo the local area. The Trustees have supported the local community by making donations lo Kinlbury Bowling Club, Kinlbury Wl and Kinlbury St Mary's C of E Primary School. They have also provided financial assistance with the cost of tertiary education for a young person who may otherwise not have been able lo undertake further education. Page 3
THE MISS W E LAWRENCE 1973 CHARITABLE SETTLEMENT TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 5 APRIL 2021 Achievements and perfomiance Icontinuedl The Trust has also made significant grants to charitable organisalions supporting individuals disadvantaged by illness and medical disability including Back Up Trust, Berkshire Women's Aid, Eight Bells for Menlal Health, Swings & Smiles, Berkshire Youth, REACH, Quest for Learning, Berkshire Vision and Younger People with Dementia. The Trustees made a £10,000 donation lo Greenham Common Trust as a part of their project assisting various charities in the Newbury area during the pandemic. The grant would have helped local charities affected by COVID and is not anticipated lo be a repeal grant. Investment policy and performance The Trustees reslaled their investment strategy as being to protect the capital value of the trust fund against inflation and maintain a balance between capital protection and income performance. The Trustees have accepted a moderate amount of risk through their investment in the property collectives which they have purchased to increase the income yield. The Trustees continue lo review their investment strategy. The Trust employs Smith & Williamson Investment Management as ils investment advisor and manager. Financial review Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial slatemenls. Further details regarding the adoption of the going conrn basis can be found in the accounting policies. Reserves policy The Trustees are not permitted lo spend the capital from the Trust for a period of eighty years. Following the sale of the land in Kintbury the investment of the sale proceeds has generated a significant increase in the income which has enabled the Trustees to make increased grants and donations. The adequacy of the reserves policy is reviewed annually and when appropriate income reserves are used lo support the Trustees. grant making policy. Plans for the Future The Trustees intend to continue lo provide grants in a similar way to the current year. They will consider other proposals for applying the income for the benefit of the objects of the charity. They will give preference to the charitable organisalions which Miss Lawrence supported during her lifetime. Page 4
THE MISS W E LAWRENCE 1973 CHARITABLE SETTLEMENT TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 5 APRIL 2021 statement of Trustees. responsibilities The Trustees are responsible for preparing the Trustees, Report and the financial slalements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally A¢pted Accounting Practice). The law applicable lo charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the Charity and of ils incoming resources and application of resources, including ils income and expenditure, for that period. In preparing these rinancial slalements, the Trustees are required lo.. select suitable accounting policies and then apply them consistently., observe the methods and principles of the Charities SORP IFRS 1021., make judgements and accounting estimates that are reasonable and prudent., stale whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any material departures disclosed and explained in the financial stalemenls., prepare the financial statements on the going concern basis Ljnless il is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain the Charitls transactions and disclose with reasonable accuracy al any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity IAccounts and Reportsl Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on their behalf by.. Mr Jonathan Bastable Trustee Dale.. 01.02.22 Page 5
THE MISS W E LAWRENCE 1973 CHARITABLE SETTLEMENT INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2021 Independent Examinerfs Report to the Trustees of The Miss W E Lawrence 1973 Charitable Settlement {'the Charity'l I report to the chartty Trustees on my examination of the accounts of the Charity for the year ended 5 April 2021. Responsibilities and Basis of Report As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'Ihe 2011 Act'l. I report in respect of my examination of the Charitys accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 14515}Ibl of the 2011 Act. Independent Examiner's Statement I have completed my examination. I confirm that no mallers have come lo my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act,. or the accounts do not accord with those records., or the accounts do not comply with the applicable requirements concerning the form and conlenl of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities IAccounts and Reports) Regulations 2008. My work has been undertaken so that I might slate to the Charity's Trustees those matters l am required to stale to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility lo anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report. Signed.. Michael Farwell MA FCA DChA Dated.. 0210212022 James Cowper Kreston Chartered AccoLJnlanls 2 Communications Road Greenham Business Park Greenham Newbury Berkshire RG19 6AB Page 6
THE MISS W E LAWRENCE 1973 CHARITABLE SETTLEMENT STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2021 Capital funds 2021 Income funds 2021 Total funds 2021 Total funds 2020 Note Income and endowments from.. Investments Other income 124,366 280 124,366 280 139,508 1,079 Total income and endowments 124.646 124.646 140,587 Expenditure on: Raising funds.. Other raising funds Charitable activities 21,532 72 349 21,881 135.277 22,298 103,921 135.205 Total expenditure 21,604 135,554 157,1 $8 126,219 Net lexpenditurellincome before net gainsl(lossesl on investments Nel gainslllossesl on investments 121.6041 732.350 110.9081 12.662 132.5121 745.012 14,368 1602,8221 Net incomel{expenditure} Transfers between funds 710,746 19.4241 1,754 9.424 712,500 1588,4541 12 Net movernent in funds 701,322 11,178 712,500 1588,4541 Reconciliation of funds.. Total fLJnds brought forward Nel movement in funds 3,591,316 701.322 107,831 11.178 3,699,147 712.500 4,287,601 1588,4541 Total funds carried forward 4,292,638 119,009 4,411,647 3,699,147 The notes on pages 10 to 21 fomi part of these financial statements. Page 7
THE MISS W E LAWRENCE 1973 CHARITABLE SETTLEMENT BALANCE SHEET AS AT 5 APRIL 2021 2021 2020 Note Fixgd assots Tangible assets Investments 198,200 3,943,130 198,200 3,168,332 4.141.330 3,366,532 Current assets Debtors 10 4,269 278,297 3,991 341,983 Cash at bank and in hand 282.566 345,974 Creditors.. amounts falling due within one year 11 112,2491 113,3591 Net currgnt assets 270.317 332,615 Total assets less current liabilities 4.411.647 3,699,147 Total net assets 4.411,647 3,699,147 Charity funds Endowment funds 12 4,292.638 119,009 3,591,316 107,831 Unreslricled funds 12 Totsl funds 4,411.647 3,699,147 The financial statements were approved and aulhorised for issue by the Trustees and signed on their behalf by: Mr Jonathan Bastable Trustee Dale.. 01.02.22 The notes on pages 10 to 21 fomi part of these financial statements. Page 8
THE MISS W E LAWRENCE 1973 CHARITABLE SETTLEMENT STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 5 APRIL 2021 2021 2020 Note Cash flows from opgrating activitigs Nel cash used in operating activities 15 1158,2661 1125,7401 Cash flows from invosting activitios Dividends and interests from investments Proceeds from sale of investments Purchase of investments 124.366 139,508 148,364 334,893 1178.1501 1342,5961 Net cash provided by investing activities 94.580 131.805 Change In cash and cash equlvalents In the year Cash and cash equivalents at the beginning of the year 163,6861 6,065 341.983 335,918 Cash and cash equivalents at the end ofthe year 16 278,297 341,983 The notes on pages 10 to 21 form part of these financial statements Page 9
THE MISS W E LAWRENCE 1973 CHARITABLE SETTLEMENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021 Accounting policies 1.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 2019}, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. The Miss W E Lawren 1973 Charitable Settlement meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised al historical cost or transaction value unless otheiSe slated in the relevant accounting policy. 1.2 Fund accounting General funds are unrestricted funds which are available for use al the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Investment income, gains and losses are allocated to the appropriate fund. Endowment funds represent the capital of the Trust which the Trustees are not permilled to spend for a period of eighty years. Income reiVed from the endowment fund is classed as unrestricted. Investment management fees are paid out of the endowment fund. 1.3 Income All income is recognised once the Charity has entillemenl lo the income, il is probable that the income will be received and the amount of income receivable can be measured reliably. Income lax recoverable in relation lo investment income is recognised at the lime the investment income is receivable. Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the servi. Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity., this is normally upon notification of the interest paid or payable by the Bank. 1.4 Expenditure Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in selllement and the amount of the obligation can be measured reliably. Support costs are those costs incurred directly in support of expenditure on the objects of the charity. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and slalutory requirements. Expenditure on raising funds includes all expenditure incurred by the Charity lo raise funds for ils charitable purposes and includes costs of all fundraising activities events and non-charitable trading. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. Page 10
THE MISS W E LAWRENCE 1973 CHARITABLE SETTLEMENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021 Accounting policies Icontinuedl 1.4 Expenditure {continued} Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions allaching are fulfilled. Grants offered subject lo conditions which have not been met al the year end are noted as a commitment, but not accrued as expenditure. All expenditure is inclusive of irrecoverable VAT. 1.5 Tangible fixed assets and depreciation Tangible fixed assets are slated at cost less depreciation. Depreeiation is not charged on freehold land. 1.6 Investments Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the balance sheet dale, unless the value cannot be measured reliably in which case it is measured al cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as 'Gainsl{Losses} on investments, in the Statement of Financial Aclivilies. 1.7 Debtors Trade and other debtors are recognised at the selllemenl amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 1.8 Cash at bank and in hand Cash al bank and in hand includes cash and short-lerm highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 1.9 Liabilities Liabilities are recognised when there is an obligation al the balance sheet dale as a result of a past event, il is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates il will pay lo settle the debt or the amount il has received as advanced payments for the goods or services it must provide. 1.10 Financial instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised al transaction value and subsequently measured al their settlement value. Page11
THE MISS W E LAWRENCE 1973 CHARITABLE SETTLEMENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021 Critical accounting estimates and areas of judgement Eslimales and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Critical accounting estimates and assumptions.. The Charity makes estimates and assumptions conceming the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. There are no accounting estimates and assumptions that have a significant risk of causing a material misstatement in the financial statements. Investment income Income funds 2021 Total funds 2021 Total funds 2020 Dividends reiVed Interest reiVed 123,797 569 123.797 569 138,794 714 124,366 124,366 139,508 Total 2020 139,508 139,508 Analysis of grants Total funds 2021 Total funds 2020 Institutions Individuals 2021 2021 Charitable donations 109,442 2,075 111,517 80,101 Total 2020 75,028 5,073 80,101 Page 12
THE MISS W E LAWRENCE 1973 CHARITABLE SETTLEMENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021 Charitable Donations 2021 Name of institution 1 sl Inkpen & Kintbury Scout Group Armadillo Art Experience CIC Berkshire MS Therapy Centre Berkshire Youth Club Brighter Futures Burghfield and Mortimer Volunteer Bureau Chain IHungerford Volunteer For) Citizens Advice West Berkshire Combe CommLJnily Cinema Community Youth Project Didcol TRAIN Dinglels Promise Eight Bells for Mental Health Five Lamps Free Legal Advice Group for Domestic Violence Heads 2gether Home-start Wesl Berkshire 4,000 500 1.000 2,500 1,000 500 1.000 1,000 1,500 2,500 1.000 1,000 1,000 7,500 1,000 2,000 1,000 3.000 750 3,500 1,000 1,000 1.800 5,000 500 Hungerford & Cambourn Educational Foundation Hungerford Town Band Hungerford Youth & Community Centre Hungerford Youth Club Kennel District Scouts Kinlbury Autumn Club Kintbury Sl MaS Primary School Kintbury Wl LamboLJrn RDA incorporating Carriage Driving Limited Laptops for Lockdown Learning Leys Information Technology Zone CIC Loose Ends 1,000 5.000 3,000 1,000 2.000 1.720 1,000 1,000 2,000 1.000 1,000 500 1,500 1.500 1,000 2,000 Mary Hare Foundation Mental Health Males Newbury Soup Kitchen division of HAVEN NewbLJry YMCA North Hampshire Medical Fund Oxford Food Bank Oxfordshire Sexual Abuse and Rape Crisis Centre Oxford & District Sports and Recreation Association for the Disabled Ltd PALS (Wesl Berkshire) Parenting Special Children Parkinson's UK Newbury Plant Your Future Page 13
THE MISS W E LAWRENCE 1973 CHARITABLE SETTLEMENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021 Riding for the Disabled Association Riverside Counselling Servi Sport in Mind St Lawren'S Church, Hungerford St Marls Church, Kinlbury Swindon & District Citizens Advice Bureau Swings & Smiles The Berin Centre 2.327 1,000 1,000 469 3.000 1.000 1,500 2,000 10,000 1.000 1,000 876 1,000 1.000 2,000 2,000 1.000 1.500 500 1,000 1,000 500 The Greenham Common Trust Limited The Macular Society The Porch The Shoal of Friends The Trustees of the Croft Hall Time to Talk Wesl Berkshire Volunteer cent West Berkshire Time to Talk West Berkshire West Berks Foodbank Woodstock Scout & Guides Hut Young Bristol Young Gloucestershire Young People and Children First Yss 109,442 Analysis of expenditure by activities Charitable donations 2021 Support costs 2021 Total funds 2021 Total funds 2020 Charitable donations 111,517 23,760 135,277 103,921 Total 2020 80,101 23,820 103,921 Page 14
THE MISS W E LAWRENCE 1973 CHARITABLE SETTLEMENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021 Analysis of expenditure by activities Icontinuedl Analysis ofsupport costs Total funds 2021 Total funds 2020 Insuran and travel expenses Bank charges Good exchange charges Governance costs 1.144 88 3.306 19,222 1,109 10 2,640 20,061 23,760 23,820 Independent examinerfs remuneration 2021 2020 Fees payable lo the Charills independent examiner for the independent examination of the Charity's annual accounts Fees payable lo the Charills independent examiner in respect of.. All other services not included above 1.700 1,650 1,740 1,686 Trustees. remuneration and expenses During the year, no Trustees reiVed any remuneration or other benefils12020 - £NILI. During the year ended 5 April 2021, no Trustee expenses have been incurred12020- £NILI. Page 15
THE MISS W E LAWRENCE 1973 CHARITABLE SETTLEMENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021 Tangible fixed assets Freehold land Cost or valuation At 6 April 2020 198.200 At 5 April 2021 198,200 Net book value At 5 April 2021 198.200 At 5 April 2020 198,200 Previously the Trustees decided that il would be more appropriate for the land lo be held at cost. A valuation by Dreweatt Neate Chartered Surveyors on 11 June 2008 was used as deemed cost for £75,000 of the land. Fixed asset investments Listed Unlistgd invgslments investments Totsl Cost or valuation At 6 April 2020 Additions Disposals Revaluations 2.570,656 178.150 1135,3881 747,110 597.676 3,168.332 178.150 {135,3881 732,036 115,074) At 5 April 2021 3.360,528 582.602 3,943.130 Net book value At 5 April 2021 3.360,528 582.602 3,943.130 At 5 April 2020 2,570,656 597,676 3,168,332 All the fixed asset investments are held in the UK. Page 16
THE MISS W E LAWRENCE 1973 CHARITABLE SETTLEMENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021 10. Debtors 2021 2020 Due wlthln one year Other debtors 335 335 Accrued income 3.934 3,656 4.269 3,991 11. Creditors- Amounts falling due within one year 2021 2020 Accruals 12.249 13,359 Page 17
THE MISS W E LAWRENCE 1973 CHARITABLE SETTLEMENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021 12. Statement of funds Statement of funds - current year Balance at 6 April 2020 Transfers inlout Gainsl Balance at 5 (Lossesl April 2021 Income Expenditure Unrestricted funds Unreslricled funds 107,831 124,646 1135,5541 9,424 12,662 119,009 Endovmient funds Endowment Funds 3.591,316 {21,6041 19.4241 732,350 4,292,638 Total of funds 3,699,147 124,646 1157,1581 745,012 4,411,647 statement of funds - prior year Balan al 6 April 2019 Transfers inlout Gainsl Balance at (Losses) 5 April 2020 Income Expenditure Unrestricted funds Unreslricled funds 91,967 140,587 1104,2921 18,5261 111,9051 107,831 Balan al 6 April 2019 Transfers inlout Gainsl Balance at (Losses) 5 April 2020 Income Expenditure Endowment funds Endowment Funds 4,195,634 121,927) 8,526 1590,917) 3,591,316 Total of funds 4,287,601 140,587 1126,2191 1602,8221 3,699,147 Page 18
THE MISS W E LAWRENCE 1973 CHARITABLE SETTLEMENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021 13. Summary offunds Summary offunds - current year Balance at 6 April 2020 Transfers inlout Gainsl Balance at 5 (Lossesl April 2021 Income Expenditure General funds Endowment funds 107.831 124.646 1135.5541 9.424 12.662 119.009 3.591.316 {21,6041 19.4241 732.350 4,292,638 3.699,147 124.646 1157,1581 745.012 4.411.647 Summary offunds - prior year Balance al 6 April 2019 Transfers inlout Gainsl Balance at (Losses) 5 April 2020 Income Expenditure General funds 91,967 140,587 1104,2921 18,5261 111,9051 107,831 Endowment funds 4,195,634 121,9271 8,526 1590,9171 3,591,316 4,287,601 140,587 1126,2191 1602,8221 3,699,147 14. Analysis of ngt as$gt$ betwegn funds Analysis of ngt assgts between funds - current year Endowment Unrestricted funds funds 2021 2021 Total funds 2021 Tangible fixed assets Fixed asset investments 198,200 3,888,987 211,167 15,7161 198,200 3.943.130 282,566 112,2491 54,143 71,399 16,5331 Current assets Creditors due within one year Total 4,292,638 119,009 4.411.647 Page 19
THE MISS W E LAWRENCE 1973 CHARITABLE SETTLEMENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021 14. Analysis of net assets between funds Icontinuedl Analysis of net assets between funds - prior year Endowment Unrestricted funds funds 2020 2020 Total funds 2020 Tangible fixed assets Fixed asset investments Current assets Creditors due within one year 198,200 3,126,685 270,990 14,5591 198,200 3,168,332 345,974 113,3591 41,647 74,984 18,8001 Total 3,591,316 107,831 3,699,147 15. Reconciliation of net movement in funds to net cash flow from operating activities 2021 2020 Nel incomelexpenditure for the year las per Statement of Financial Acliviliesl 712,500 1588,4541 Adjustments for: IGainsylosses on investments Dividends and interest from investments Decreasellincreasel in debtors Decrease in creditors 1745.0121 1124,3661 {2781 11,1101 602,822 1139,5081 200 18001 Net cash used in operating activities 1158,2661 1125,7401 16. Analysis ofcash and cash equivalents 2021 2020 Cash in hand 278.297 341,983 Total cash and cash equlvalents 278.297 341,983 Page 20
THE MISS W E LAWRENCE 1973 CHARITABLE SETTLEMENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021 17. Analysis of changes in net debt At 6 April 2020 Cash flows At 5 April 2021 Cash at bank and in hand 341,983 {63,6861 278,297 341.983 163,6861 278.297 18. Related party transactions There were no related party transactions during the year. 19. Controlling party The ultimate controlling party is the Trustees as slated on page 1 of the financial stalemenls. Page 21