| Page | ||
|---|---|---|
| Trustees' annual report |
||
| Independent auditor's |
report to the members | |
| Statement offinancial | activities | |
| Balance sheet | 10 | |
| Notes to the financial | statements |
| Year ende | d 5April | 2021 | 2021 | ||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| Unrestricted | |||||||
| funds | Totalfunds | Total funds | |||||
| Note | 6 | 6 | |||||
| Income and endowments | |||||||
| Investment income |
4 | 236,980 | 236,980 | 307,407 | |||
| Total income | 236,980 | 236,980 | 307,407 | ||||
| Expenditure | |||||||
| Expenditure on raising funds: |
|||||||
| Investment management |
costs | 5 | (39,475) | (39,475) | (43,2?2) | ||
| Expenditure on charitable |
activities | 6,7 | (113,003) | (113,003) | (327,767) | ||
| Total expenditure | (152,478) | (152,478) | (371,039) | ||||
| Net gains/(losses) | on investments | 10 | 2,197,609 | 2,197,609 | (1,333,525) | ||
| Net income/(expenditure) | and net movement | in funds | 2,282,111 | 2,282,111 | (1,39/,157) | ||
| Reconciliation of |
funds | ||||||
| Total funds brought | forward | 8,213,102 | 8,213,102 | 9,610,259 | |||
| Total funds carried forward | 10,495,213 | 10,495,213 | 8,213,102 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Note | |||||||
| Fixed assets | |||||||
| Investments | 14 | 9,825,902 | 7,372,604 | ||||
| Current assets | |||||||
| Debtors | 15 | 44,639 | 30,060 | ||||
| Cash at bank | and in hand | 866,560 | 1,113,854 | ||||
| 911,199 | 1,143,914 | ||||||
| Creditors: amounts | falling due | ||||||
| within one year | 16 | (241,888) | (237,416) | ||||
| Net current | assets | 669,311 | 906,498 | ||||
| Total assets | less current liabilities | 10,495,213 | 8,279,102 | ||||
| Creditors: amounts | falling due after | ||||||
| more than one year | 17 | (66,000) | |||||
| Net assets | 10,495,213 | 8,213,102 | |||||
| Funds ofthe charity | |||||||
| Unrestricted | funds | 10,495,213 | 8,213,102 | ||||
| Total charity | funds | 18 | 10,495,213 | 8,213,102 |
| Unreshicted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | ||
| F | 8 | 6 | |||
| Dividends | received | 236,980 | 236,980 | 302,032 | 302,032 |
| Bank interest receivable | 5,375 | 5,375 | |||
| 236,980 | 236,980 | 307,407 | 307,407 |
| Unrestricted | Total | Funds | Unrestricted | Total | Funds | ||
|---|---|---|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | ||||
| F | |||||||
| Portfolio | management | 39,475 | 39,475 | 43,272 | 43,272 |
| Expenditure on charitable |
activities by fund type |
|||
|---|---|---|---|---|
| Unrestdicted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2021 | Funds | 2020 | |
| F | 6 | |||
| Donations | 104,192 | 104,192 | 319,498 | 319,498 |
| Support costs | 8,811 | 8,811 | 8,269 | 8,269 |
| 113,003 | 113,003 | 327,767 | 327,767 |
| Expenditure | on charitable a | ctivities by act | ivity type | ||||
|---|---|---|---|---|---|---|---|
| Grant | funding | Totalfunds | Total fund | ||||
| of | activities | Support | costs | 2021 | 2020 | ||
| E | F | 8 | |||||
| Donations | 104,192 | 104,192 | 319,498 | ||||
| Governance | costs | 8,811 | 8,811 | 8,269 | |||
| 104,192 | 8,811 | 113,003 | 327,767 |
| 8. | Analysis ofsupport costs | ||||||||||||
| Analysis | of | ||||||||||||
| support costs | |||||||||||||
| activity E |
1 | Total 2021 | Total 2020 f |
||||||||||
| Communications and |
IT | 810 | 810 | 810 | |||||||||
| Governance costs | 8,001 | 8,001 | 7,459 | ||||||||||
| 8,811 | 8,811 | 8,269 | |||||||||||
| 9. | Analysis ofgrants | ||||||||||||
| 2021 | 2020 | ||||||||||||
| F | F | ||||||||||||
| Grants to institutions | |||||||||||||
| Marlene Reid Centre |
2,000 | ||||||||||||
| Leicester Hospitals Charity |
49,950 | ||||||||||||
| Leicester Hospitals Charity |
- Glenfield | Hospital | 10,000 | 20,000 | |||||||||
| Leicestershire and Rutland |
Community | Foundatio | n | 20,000 | |||||||||
| Leicestershire, Northamptonshire |
and | Rutland | Ar | my Cadet Force | 2,248 | ||||||||
| Leicester City Health | 50,000 | ||||||||||||
| Oxford University - Covid 19Research |
Project | 25,000 | |||||||||||
| Heart of England Boxing |
Club | 250 | |||||||||||
| Building Heroes | 200,000 | ||||||||||||
| Lets Beat Covid | 15,000 | ||||||||||||
| Ibstock Baptist Church | - Foodbank | 500 | |||||||||||
| ELRGP Fed Limited | 15,582 | ||||||||||||
| Feed the Needy | 500 | ||||||||||||
| Greenhill Community |
Church (Foodbank) | 2,000 | |||||||||||
| New Life Church, Coalville |
500 | ||||||||||||
| Ibstock Secondary School | 5,080 | ||||||||||||
| Castle Rock School | 5,080 | ||||||||||||
| 104,192 | 319,498 | ||||||||||||
| Total grants | 104,192 | 319,498 | |||||||||||
| 10. | Net gains/(losses) on investments |
||||||||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||||||
| Funds | 2021 | Funds | 2020 | ||||||||||
| F | E | 6 | |||||||||||
| Realised gains/(losses) | on | listed | |||||||||||
| investments | 289,095 | 289,095 | (25,535) | (25,535) | |||||||||
| Unrealised gains/(losses) |
on listed | ||||||||||||
| investments | 1,908,514 | 1,908,514 | (1,307,990) | (1,307,990) | |||||||||
| 2,197,609 | 2,197,609 | (1,333,525) | (1,333,525) | ||||||||||
| 11. | Auditors remuneration |
||||||||||||
| 2021 | 2020 | ||||||||||||
| 6 | 6 | ||||||||||||
| Fees payable for the audit | ofthe financial | statements | 2,334 | 2,286 |
| Listed | ||
|---|---|---|
| investments | ||
| 5 | ||
| Valuation | ||
| At 6 Apdil | 2020 | 7,372,604 |
| Additions | 3,223,379 | |
| Disposals | (2,678,596) | |
| Fair value | movements | 1,908,515 |
| At 5April | 2021 | 9,825,902 |
| Carrying | amount | |
| At 5April | 2021 | 9,825,902 |
| At 5April | 2020 | 7,372,604 |
| Debtors | ||||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Prepayments | and accrued income | 506 | 506 | |
| Interest receivable | 17 | |||
| Dividends receivable |
34,133 | 29,537 | ||
| Other debtors | 10,000 | |||
| 44,639 | 30,060 | |||
| Creditors: amounts | falling due within one year | |||
| 2021 | 2020 | |||
| F | F | |||
| Accruals and | deferred | income | 14,728 | 10,416 |
| Donations payable |
227,160 | 227,000 | ||
| 241,888 | 237,416 |
| At | Gains and | At | |||||
|---|---|---|---|---|---|---|---|
| 6 | April 2020 | Income | Expenditure | losses | 5April 2021 | ||
| E | E | F | F | F- | |||
| General | funds | 8,213,102 | 236,980 | (152,478) | 2,197,609 | 10,495,213 | |
| At | Gains and | At | |||||
| 6 | April 2019 | Income | Expenditure | losses | 5 April 2020 | ||
| E | E | E | |||||
| General | funds | 9,610,259 | 307,407 | (371,039) | (1,333,525) | 8,213,102 |
| Investmen | ts and investm |
ent | inco | me | |||
|---|---|---|---|---|---|---|---|
| Vartan and | Schroder | ||||||
| Barratts Developments Plc |
Sons | Charity Multi |
|||||
| 59,926 10p ordinary shares | Porffolio 6 |
Asset Fund | |||||
| Middle Market Value at 6 | April | 230,296 | 3,976,130 | 2,284,963 | |||
| Additions | 1,373,763 | ||||||
| Proceeds | ofSale | (1,404,872) | (1,146) | ||||
| Net Realised Gains/(Losses) | on Sale | 208,637 | |||||
| Unrealised | Gains/(Losses) | Change | in | ||||
| Market Value | 227,539 | 1,163,873 | 503,475 | ||||
| Middle Market Value at 5 | April | 457,835 | 5,317,531 | 2,787,292 | |||
| Cost at 5 | April | 1,008,751 | 4,080,175 | 2,478,755 | |||
| Income | 97,502 | 113,274 | |||||
| Mattioli | |||||||
| Woods | |||||||
| Close Brothers Portfolio | Portfolio | Total | |||||
| F | |||||||
| Middle Market Value at 6 | April | 881,215 | 7,372,604 | ||||
| Additions | 1,849,616 | 3,223,379 | |||||
| Proceeds | ofSale | (961,672) | (600,000) | (2,967,690) | |||
| Net Realised Gains/(Losses) | on Sale | 80,457 | 289,094 | ||||
| Unrealised | Gains Change | in Market | |||||
| Value | 13,628 | 1,908,515 | |||||
| Middle Market Value at 5 | April | 1,263,244 | 9,825,902 | ||||
| Cost at5 | April | 1,249,616 | 8,817,297 | ||||
| Income | 26,202 | 236,980 |