G.W. Staniforth Charity
For the year ended 31 March 2021
Charity Number 1048890
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|||Page No.|
|---|---|---|
|Trustees'
Annual
Report||3-7|
|Independent
Examiner's|Report|8-9|
|Statement of Financial Activities||10|
|Balance Sheet|||
|Notes to the Financial Statements||12-20|
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|C|Barreto|8Tullett|D Crawford|TJerrny|SWright|S Dowling|
|---|---|---|---|---|---|---|
|R|Brame|8 Canham|C Harvey|D Hodgkinson|M Robinson|C Burnett|
|M|Brindle|JJames|J Hollis|M Taylor|K Par(ter||
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|Bankers||Investment|Advisers|Inde
endent
Examiner|Inde
endent
Examiner|Inde
endent
Examiner|
|---|---|---|---|---|---|---|
|Barclays Bank Pic|Unity Trust Bank|Barratt and|Cooke|LThurston|FCCA||
|4 Bridge Street|Four Brindleyplace|S Opie Street||Lovewell|Blake LLP||
|Thetford|Birmingham|Norwich||Chartered|Accountants||
|Norfolk|012JB|NR13DW||First Floo|r||
|IP24 3AB||||2 Hillside|Business|Pari&|
|||||Bury St Edmonds|||
|||||IP32 7EA|||
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|||Unrestricted|Property|Endowment|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|
|||Funds|Fund|Fund||2021|2020|
||Notes|||||||
||||f||6|||
|Income and endowments|from:|||||||
|Donations
and legacies|4||||||391|
|Charitable
activities|5|38,704||||38,704|45,520|
|Investment
income|6|~30174||||30174|39871|
|Total Income||~68 878||||68 878|85782|
|Expenditure
on:||||||||
|Charitable
activities|7|79438||||79438|~182790|
|Total expenditure||~79438||||79438|182790|
|Net income/(expenditure)||||||||
|before gains and losses|on|||||||
|investments||(10,560)||||(10,560)|(97,008)|
|Net gains/(losses)
on||||||||
|Investment
revaluation||||122,849||122,849|(157,924)|
|Revaluation
offixed assets|||||||326500|
|Net movement
in funds||(10,560)||122,849||112,289|72,198|
|Reconciliation
offunds||||||||
|Total funds brought
forward
Total funds carried forward||~39426
~866|964000
~964000|851
~974|767
1|1855 193
1967482|1782995
~1855193|
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|||||2021||2020|
|---|---|---|---|---|---|---|
||||Notes|E||E|
|Fixed assets|||||||
|Tangible fixed||assets||965,166||965,435|
|Investments|||10|897950||~775 648|
|||||1,863,116|1,741,083||
|Current assets|||||||
|Debtors||||4,299||10,861|
|Bank||||219729||175067|
|||||2,087,144||185,928|
|Creditors: amounts|||||||
|falling due within one year|||12|119662||(~71818|
|Net current|assets|||104366||114110|
|Net assets|||||1|19|
|Funds ofthe||Charity|||||
|Endowment|fund||13|974,616||851,767|
|Property
fund
Unrestricted||funds|13
14|964,000
28 866|964,000
~39426||
|Total Charity||funds||~196 42|1|855 193|
|5Wright|T Cunnell|
|---|---|
|Chairperson|Clerk to the board ofmanagement|
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|||||Unrestricted|Unrestricted|Unrestricted|Restricted|Total Funds|Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||Funds|Funds|2021|Funds|Funds|2020|
|||||||f|f|f|f|f|f|
|Grants||||||||||||
|Donations|||||||||391
~91||391
~1|
|.
Income from charitable|||||activities|||||||
|||||Unrestricted|||Restricted|Total Funds|Unrestricted|Restricted|Total Funds|
|||||||Funds|Funds|2021|Funds|Funds|2020|
|||||||E|f|E|f|f|E|
|Rents receivable||||||38704||38704|45 520||45 520|
|||||||38704|||||~45 520|
|6.
Investment||income||||||||||
|||||Unrestricted|||Restricted|Total Funds|Unrestricted|Restricted|Total Funds|
|||||||Funds|Funds|2021|Funds|Funds|2020|
|||||||E|E|E|f|E|f|
|Listed investments||||||30,029||30,029|39,145||39,145|
|Bank interest||||||145||145|726||726|
|||||||~30 174||174|39871||398 1|
|7.
Expenditure||on charitable||||activities||||||
|||||Unrestricted|||Restricted|Total Funds|Unrestricted|Restricted|Total Funds|
|||||||Funds|Funds|2021|Funds|Funds|2020|
|||||||f|E|f|f|f|f|
|Maintenance|gr|service||costs||65,278||65,278|162,811||162,811|
|Insurance||||||4,833||4,833|4,291||4,291|
|Miscellaneous||||||478||478|647||647|
|Depreciation||||||269||269|149||149|
|Governance costs:||||||||||||
|Legal and professional|||fees|||5,968||5,968|13,572||13,572|
|Independent|examiner's|||fee||2612||2 612|~1320||1320|
|||||||79438||79438|~12790||~182790|
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|9.
Tangible fixed assets||||
|---|---|---|---|
||Land and Freehold|||
||Property
E|Equipment
f|Tota I
E|
|Cost or valuation||||
|At 1April 2020|964,000|4,156|968(156|
|Additions||||
|Revaluation
for the year||||
|At 31March 2021|964 000|4 156|968 156|
|Depreciation||||
|At 1April 2020||2,721|2,271|
|Charge for the year||269|269|
|||~2990|2990|
|At 31March 2021||||
|Net book value||||
|At 31March 2021|~964 000|1166|965166|
|Net book value
At 31March 2020|~0|~435||
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|10. Investments|||Listed||
|---|---|---|---|---|
|||Staniforth|investments||
|||Collection|at fair value|Total|
|||E|E|E|
|At 1April 2020||136,390|616,985|753,375|
|Additions
at cost|||122,495|122,495|
|Disposals at carrying value|||(104,193)|(104,193)|
|Net gain/(loss)|on revaluation||122849|122849|
|At 31March 2021||136,390|758,136|894,526|
|Deposit account|||3 424|3424|
|||~136390|~71||
|Individual|investments
h|eld at 31Marc|h 2021which are over 5%ofthe|total portfolio
by value|
|---|---|---|---|---|
||||Fair value|Fair value|
||||2021|2020|
||||E|E|
|27,500 M|gr G Securities|Ltd|||
|Charifund|Unit Trust||404,913|328,754|
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|11.Debtors||||
|---|---|---|---|
|||2021|2020|
|||E|E|
|Trade debtors|||658|
|Prepayments|and accrued income|4 299|~10203|
|||~4299|LID1|
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|12. Creditors: Amounts|12. Creditors: Amounts|12. Creditors: Amounts|falling due within|one year||||
|---|---|---|---|---|---|---|---|
|||||2021|||2020|
||||||E||E|
|Trade creditors|||||16||25|
|Other creditors||||117,444|||70,693|
|Accruals||||2|202||1100|
|||||1196 2||||
|13. Endowment||Funds||||||
||||||Expenditure|and||
||||Balance at||gains/(losses)|on|Balance at|
||||1April 2020|Income|investments||31March 2021|
||||f|E||E|f|
|Endowment|fund||851,767||122,849||974,616|
|Property fund|||~964000||||964000|
||||~115767||1 2 849||~1938616|
||||||Expenditure|and||
||||Balance at||gains/(losses)|on|Balance at|
||||1April 2019|Income|investments||31March 2020|
||||E|E|||E|
|Endowment|fund||1,009,061||(157,294)||851,767|
|Property fund|||637500||326|500|964000|
||||164||~1206||~115767|
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|14. Unrest|ricted|funds||||||
|---|---|---|---|---|---|---|---|
||||Balance at||||Balance at|
||||1April 2020
E|Income
f|Expenditure
E|Transfers
f|31March 2021f|
|Designated|funds|||||||
|Maintenance||funds|39,000|||(8,800)|30,200|
|Friends|ofStaniforth|||3,892|||3,892|
|General fund|||426|64 986|79438|8 800|~5226|
||||~3|~678|79438||~266|
||||Balance at||||Balance at|
||||1April 2019
f|income
f|Expenditure
E|Transfers
E|31March 2020
E|
|Designated|funds|||||||
|Maintenance||funds|39,662|||(662)|39,000|
|General fund|||~96772|~85 782|182790|662|426|
||||~136434|85 782|~182790||~39426|
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|||Tangible fixed||Net current|Tota I|
|---|---|---|---|---|---|
|||assets|Investments|assets|2021|
|||E|E|f|f|
|Endowment|fund||897,950|76,666|974,616|
|Property fund||964000|||964000|
|||964,000|897,950|76,666|1,938,616|
|Unrestricted|funds|1166||~27 700|~28 866|
|||965~16|897
50|~36|~167482|
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||||Tangible fixed|Tangible fixed|||Net current|Total|
|---|---|---|---|---|---|---|---|---|
|||||assets|Investments||assets|2020|
|||||E||E|E|E|
|Endowment|fund|||||775,648|76,119|851,767|
|Property fund||||~964 000||||964000|
|||||964,000||775,648|76,119|1,815,767|
|Unrestricted||funds||~1435|||37991|39426|
|||||~965
5||~775 64|114110|~1855 1|
|17. Financial||instruments|||||||
|The carrying||amounts|ofthe Charity's
financial|||instruments|are as follows:||
||||||||2021|2020|
||||||||E|E|
|Financial assets|||||||||
|Measured|at|fair value|through|net income/(expenditure):|||||
|Fixed asset|listed investments||||||~7558|639 258|