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|Index|||Page||
|---|---|---|---|---|
|Trustees' Annual
Report||1|-|3|
|Independent
Examiner's|Report||||
|Statement ofFinancial Activities||5|-|6|
|Balance Sheet|||||
|Notes to the Accounts||8|-|12|
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|||||2021|2021|2021|2020|
|---|---|---|---|---|---|---|---|
|||||Endowment|Unrestricted|Total|Total|
|||||Fund|Fund|Funds|Funds|
||||Note|||||
|Income and endowments|from:|||||||
|Donations
and legacies|||||||48|
|Investment
income|||||105,997|105,997|119,330|
|Total income|||||105,997|105,997|119,378|
|Expenditure
on:||||||||
|Charitable
activities|||||(114,180)|(114,180)|(111,815)|
|Raising funds (investment|management|fees)|||(12,020)|(12,020)|(12,138)|
|Total expenditure|||||(126,200)|(126,200)|(123,953)|
|Net expenditure
before gains/(losses)|||||(20,203)|(20,203)|(4,575)|
|Net gain/(loss)
on investments|||||54,402|54,402|(41,055)|
|Net loss on foreign currency|transactions||||||(211)|
|Net movement
in funds|||||34,199|34,199|(45,841)|
|Reconciliation
offunds:||||||||
|Total funds brought
forward||||1,589,797|2,107,395|3,697,192|3,743,033|
|Total funds carried forward||||f.1,589,797|f2,141,594|K3,731,391|K3,697,192|
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|For the
ear ended 30Se|tember 2020||||||
|---|---|---|---|---|---|---|
|||||2020|2020|2020|
|||||Endowment|Unrestricted|Total|
|||||Fund|Fund|Funds|
||||Note||||
|Income and endowments|from:||||||
|Donations
and legacies||||48||48|
|Investment
income|||||119,330|119,330|
|Total income||||48|119,330|119,378|
|Expenditure
on:|||||||
|Charitable
activities|||||(111,815)|(111,815)|
|Raising funds (investment|management|fees)|||(12,138)|(12,138)|
|Total expenditure|||||(123,953)|(123,953)|
|Net income/(expenditure)|before losses|||48|(4,623)|(4,575)|
|Net loss on investments|||||(41,055)|(41,055)|
|Net loss on foreign currency|transactions||||(211)|(211)|
|Net movement
in funds|||||(45,889)|(45,841)|
|Reconciliation
offunds:|||||||
|Total funds brought forward||||1,589,749|2,153,284|3,743,033|
|Total funds carried forward||||K1,589,797|K2,107,395|K3,697,192|
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|Fixed assets||||||
|---|---|---|---|---|---|
|Investments|||3,431,825||2, 121,803|
|Current assets||||||
|Debtors||||95,018||
|Cash at bank||||1.488„411||
|||328„936||1„58).429||
|Creditors falling due within||||||
|one year|10|(19,370')||||
|Net current assets|||309,566||1.575,389|
|Creditors falling due aner||||||
|one year|||(10,000)|||
|Net assets|||||I:3.697.192|
|The funds ofthe charity||||||
|IEnlestl feted Fund|||2.141.594||2.107,395|
|Endowment
Fund|||1„589,797||1,589,797|
|Total funds|||K3,731.391||f.3,697,192|
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|3|Investment
income||2021|2020|
|---|---|---|---|---|
||Investment
income||103,070|104,359|
||Interest on loans to West One Loans Ltd||1,855|6,638|
||Interest on cash deposits||623|8,333|
||Commission||449||
||Total investment
income||f.105,997|f.119,330|
|4|Expenditure
on charitable|activities|2021|2020|
||Grants awarded (see note 5)||110,550|109,200|
||Governance
costs (see note 6)||3,630|2,615|
||||F114,180|f111,815|
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|---|---|---|---|
|Grants awarded|during the year:|2021|2020|
|Total charitable|grants awarded|110,550|109,200|
|||f110,550|F109,200|
|Analysis
by category:||2021|2020|
|-Health
and Welfare||107,050|83,200|
|-Education||3,500|26,000|
|||f110,550|$109,200|
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|6|Governance
costs|Governance
costs||2021|2020|
|---|---|---|---|---|---|
||Management|and administration||||
||Accountancy|fees||3,175|2,220|
||Independent|examiner's|fee|425|300|
||Bank charges|||30|95|
|||||$3,630|K2,615|
|8|Fixed asset investments|Fixed asset investments||||Listed|Unlisted|Unlisted|Total|Total|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Investments|Investments||Investments|Investments|
|||||||2021|2021||2021|2020|
||Values as at 1 October|||||2,012,484||109,319|2,121,803|2,213,699|
||Additions to investments||at cost|||1,344,937||20,509|1,365,446|161,907|
||Disposal proceeds from||investments|||(91,528)||(18,298)|(109,826)|(212,748)|
||Realised and unrealised||gain/(loss)|on|||||||
||disposal ofinvestments|||||7,311|||7,311|(8,789)|
||Unrealised
gain/(loss)|on revaluation|||of||||||
||investments|||||53,080||(5,989)|47,091|(32,266)|
||Values at 30September||*|||X3,326,284|f105,541||K3,431,825|K2,121,803|
||' [see accounting
policy note 1.10above for further details].||||||||||
||Values at 30September||comprise:||||||2021|2020|
||||Listed Investments||||||||
||||Rowan Dartington
investment|||||portfolio|3,326,284|2,012,484|
||||Unlisted||Investments||||||
||||State||of|Israel Bonds|||||
|||||(USD||89,580;2020:|USD|84,989)|65,298|69,076|
||||Pentagon|||Sterling Multi|Strategy Fund||40,243|40,243|
||||Total||||||K3,431,825|X2,121,803|
|9|Current assets||||||||||
||Debtors||||||||2021|2020|
||Loans to West One||Loans Ltd||||||4,597|75,000|
||Accrued income||||||||18,251|20,018|
||Total debtors||||||||f22,S48|f95,018|
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||Cash at bank||2021|2020|
|---|---|---|---|---|
||Lloyds Bank||281,822|11,778|
||Rowan Dartington||24,266|438,018|
||Bank Leumi|||1,038,615|
||Total cash||$306,088|X1,488,411|
|10|Creditors
falling due within one year||2021|2020|
||Accountancy
fees||5,395|4,440|
||Independent
examiner's|fee|725|600|
||Investment
management|fees|3,000|3,000|
||Grants payable||10,250||
||||K19,370|K8,040|
|11|Creditors
falling due after one year||2021|2020|
||||f.||
||Grants payable||10,000||
||||f10,000||
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