##
|Contents||
|---|---|
|Trustees and Advisers . .||
|Trustees' Report.||
|Statement ofTrustees'
Responsibilities|.|
|Report ofthe Independent
Auditors. .||
|Statement of Financial Activities. .||
|Statement of Financial Position.||
|Statement ofCash Flows ..................||
|Notes to the Financial Statements. .||
##
##
##
##
##
|Advisers|Advisers|||||
|---|---|---|---|---|---|
|IndependentAuditora:||Dunkley's||||
|||Woodland
Grange||||
|||Woodlands
Lane||||
|||Bradley Stoke||||
|||Bristol BS324JY||||
|Investment|Manager:|BlackRock Investment||Management|(UK) Limited|
|||12Throgmorton
Avenue||||
|||London EC2N 2DL||||
|Bankers:||Lloyds Bank||||
|||1"floor||||
|||1 Piccadilly||||
|||London W1J OAA||||
|Solicitors:||Dechert LLP||||
|||160Queen Victoria Street||||
|||London EC4V 4QQ||||
|Administrator:||The Trust Partnership|Limited|||
|||6 Trull Farm Buildings||||
|||Tetbury||||
|||Gloucestershire
GLB BSQ||||
|Charity Insurance:||Chubb European
Group||Ltd||
|||100Leadenhall
Street||||
|||London EC3A3BP||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||Note|2021|2020|
|---|---|---|---|---|---|---|
|||||||8|
|Income and Endowments|||||||
|Income from investments|||||346,376|371,607|
|Other income —donations|||||1,800||
|Total income|||||348,176|371,807|
|Expenditure
on Charttabte|activities||||(402,867)|(404,344)|
|Grant making
activities|||||||
|Total Expenditure|||||(402,867)|(404,344)|
|Net (expenditure)
and net|movement|on funds|before||||
|gain I (loss) on investments|||||(54,691)|(32,737)|
|Other recognised gains and losses|||||||
|Net gain I (loss) on investmsnts|||||2,195,249|(807,934)|
|Net movement
in funds||||13|2,140,558|(840,671)|
|Reconciliation
of Funds|||||||
|Fund balances brought
forward at 1 April|||||10,298,300|11,138,971|
|Fund balances carried forward at 31 INarch||||13|12,438,858|10,298,300|
||||Note|2021|2020|
|---|---|---|---|---|---|
|Fixed Assets||||||
|Tangible fixed|assets||10||110|
|Investments|||11|12,332,126|10201,233|
|||||12,338,176|10,201,343|
|Current Assets||||||
|Debtors|||12|75,460||
|Cash at bank|and in hand||12|36,715|49,103|
|Total Current|Assets|||112,175|110,007|
|Current Llabllldes||||||
|Creditors: amounts
falling due within one year|||12|(112493)|(13,110)|
|Net Current Assets||||100,682|96,957|
|Net Assets||||12,438,858|10,298,300|
|The funds of|the Charity|||||
|Unrestricted|income funds/Total|Charity funds||12,438,858|10,298,300|
|The notes on pages 15to 21 form part ofthese|||financial statements.|||
##
##
||||Note|Total|Total|
|---|---|---|---|---|---|
|||||Funds|Funds|
|||||2021|2020|
||||||8|
|Net cash used in operating|activities||14|(417,070)|(465,371)|
|Cashflows
from Investing|activities|||||
|Interest and dividends|||5|346,378|371,607|
|Proceeds from sale of investments|||11|390,000|125,000|
|Purchase ofinvestments|||11|(331,894)|(98,664)|
|Net cash provided
by investing
actlvides||||404,682|397,923|
|Change
In cash and cash|equivalents|In the year||(12,388)|(67,448)|
|Cash and cash equivalents|brought
forward|||49,103|116,551|
|Cash snd cash equivalents|carried forward|||36,716|49,103|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||2021|2020|
|---|---|---|---|
|||E||
|Pooled investment|vehicles|346,376|371,607|
|Total investment|income|346,376|371,607|
##
##
|6.|Analysis of|chari|table
activities|||
|---|---|---|---|---|---|
|||||2021|2020|
||Grant funded|activity||187,221|169,635|
||Support costs|(note|7)|212,147|231,638|
||Governance
(note 8)|||3,499|3,071|
|||||402,867||
|7.|Support costs|||2021|2020|
||Staff costs|||141,286|137,983|
||Administration|expenses||48,480|49,565|
||Car and travel|expenses||17,180|39,888|
||Other costs|||5,221|4,202|
||Total support|costs||212,147|231,638|
||Governance|costs||||
|||||2021|2020|
||||||6|
||Auditors'
remuneration|||1,440|1,440|
||Trustees'
Indemnity||Insurance|2,059|1,631|
||Total governance
costs|||3,499|3,071|
|9.|Analysis of|staff|costs|||
|||||2021|2020|
||||||6|
||Salaries|||102,767|100,063|
||National
Insurance
contributions|||11,413|11,287|
||Pension costs|||27,086|26,333|
||Total staff costs|||141,268|137,983|
##
|0.|Tangible|fixed as|sets||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||Computer||equipment|||||2021||
|||||Cost|||||||||
|||||At|1 April|2020|||||1,994||
|||||Additions||in year|||||||
|||||At|31 March 2021||||||1,994||
|||||Depreciation|||||||||
|||||At|1 April|2020|||||1,884||
|||||Charge for the year|||||||110||
|||||At|31 March 2021||||||1,994||
|||||Net book||value|||||||
|||||At|31 March 2021||||||||
|||||At|31 March 2020||||||110||
|11.|Investments||||||||||||
|||||||||||2021||2020|
||||||||||||8|6|
||Movement|In Investments|||||||||||
||Market value brought forward|||||||||10,201,233||11,035,483|
||Add: additions to investment|||at cost||||||331,694|||
||Disposals|at carrying|value|||||||(390,000)||(125,000)|
||Add/(Less)|net gains/(losses)|||on revaluation|||||2,196,249||(807,934)|
||Market value ss at||31 March|||||||12,338,176||10,201,233|
||An analysis of market value at year-end||||||is detailed||below||||
||||||||||||2021f|2020|
||Pooled investment||vehides|—Unit Trusts||||||12,338,170||10,201,233|
||The following table sets||||out the|investments||ofthe Trust|||||
||||||||||2021|2021|2020|2020|
||||||||||'Yo|Value|0/|Value|
|||||||||||||8|
||Security||||||||||||
||Blackrock Charities
Growth &Income Fund|||||||100.00||12,338,176|100.00|10,201,233|
|||||||||||||19|
##
##
|||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|
|||||||||5|f|
|Debtors: amounts||falling due within one year||||||||
|Prepayments|and accrued income|||||||75,460||
|Cash held||||||||||
|Cash at bank|end in||hand|||||38,715|49,103|
|Total cunsnt|assets|||||||112,175|110,067|
|Creditors: amounts|||falling||due within one year|||||
|Administration|charges due|||||||10,063|11,670|
|Professional|fees|||||||1,440|1,440|
|Total current|llabllides|||||||11,493|13,110|
|Unrestricted||income|||funds|||||
|||||Balance||Incoming|Charitable|Rea8sed|Balance|
||||||April|resources|expenditure|and|31 INarch|
||||||2020||costs|unrealised|2021|
|||||||||gain||
|||||||6||8||
|Unrestricted||||||||||
|Income Fund|||10|298 360||348 178|402 867|2 19524|12438868|
##
##
|||||2021|2020|
|---|---|---|---|---|---|
||||||6|
|Net movement
in funds||||2,140,568|(840,671)|
|Add depreciation
charges||||110|665|
|Deduct interest income shown||in investing|activities|(346,376)|(371,607)|
|(Deduct)/add
net (gain)/loss|on investments|||(2,195,249)|807,934|
|Increase
in debtors||||(14,496)||
|Decrease
in creditors||||(1,617)|(B,848)|
|Net cash used in operating||activities||(417,070)|(465,371)|
##
##
##