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2021-02-28-accounts

	INDEX
			Page
Trustees'	Annual Report		1-2
Independent Examiner's		Report	3
Statement	ofFinancial Activities		4
Statement	ofAssets and	Liabilities	5
Notes to the financial statements			6-11

					2021	2021	2021	2020
			Note		Unrestricted	Endowment	Total	Total
					8	8	8	8
Income and endowments
Investment income					9,990		9,990	10,650
Royalties income					19,196		19,196	17,344
Total receipts					29,186		29,186	27,994
Expenditure
Expenditure on raising funds:
Costs ofother trading	activities			4		1,723	1,723	1,723
Investment management		costs		5	7,557		7,557	7,368
Expenditure on charitable	activities			6	7,070		7,070	24,515
Total expenditure					14,627	1,723	16,350	33,606
Net gains on investments						54,849	54,849	14,595
Net income/lexpenditure)		and	net
Movement in funds					14,559	53,126	67,685	8,983
Reconciliation offunds
Total funds brought forward					44,488	760,446	804,934	795,951
Total funds carried forward					59,047	813,572	872,619	804,934

			Note	2021	2020
				8	8
Fixed assets
Intangible assets			9	42,768	44,491
Investments			10	778,868	724,019
				821,636	768,510
Current assets
Debtors				12,834	4,923
Cash at bank	and in	hand		41,935	34,630
				54.769	39,553
Creditors: amounts		falling due within one year	12	(3,786)	(3,128)
Net current	assets			50,983	36,425
Total assets	less current liabilities			872,619	804,934
Funds ofthe charity
Unrestricted	funds			59,047	44,488
Endowment funds				813,572	760,446
Total charity	funds		13	872,619	804,934

Costs ofoth	er trading activities
		Endowment	Total	Total
		Funds	Funds	Funds
			2021	2020
			E	E
Amortisation	ofcopyrights	1,723	1,723	1,723

Investment	management costs
		Unrestricted	Total	Total
		Funds	Funds	Funds
			2021	2020
			E	F
Portfolio management		2,072	2,072	2,107
Investment	advice	5,485	5,485	5,261
		7,557	7,557	7,368

Charitable	a	ctivities
			Unrestricted	Total	Total
			Funds	Funds	Funds
				2021	2020
				E	E
Donations	to	charitable causes			16,000
Support costs:
Legal fees			5,582	5,582	7,632
Accountancy		fees	1,488	1,488	883
			7,070	7,070	24,515

Analysis ofd	onations
		2021	2020
		E	E
Donations to	charitable causes:
Stoke Gabriel	Scout Group		2,000
The Paignton	Picture House Trust		8,000
Farms For City Children			5,000
Churston PCC			1,000
			16,000

Intangible asset	s
			Patents,
			trademarks
			and licences
			E
Cost
At 1 March 2020 and 28 February		2021	68,900
Amortisation
At 1 March 2020			24,409
Charge for the year			1,723
At 28 February	2021		26,132
Carrying value
At 28 February	2021		42,768
At 29 February 2020			44,491

10.Investments
									2021
									F
Movement in fixed asset					listed		investments
Market value brought			forward			at	1 March 2020		724,019
Add: additions	to investments					at	cost
Less: disposals		at cost
Net unrealised	gain/(loss)				on	revaluation			54,849
Market value as		at 28		February			2021		778,868
									2021	2020
									8
Historical cost
Seven IM Portfolio									613,714	613,190
									613,714	613,190
11.Debtors
									2021	2020
									E	E
Other debtors									12,834	4,923
									12.834	4,923
12.Creditors —amounts			falling			due within one year
									2021	2020
									8	E
Accruals and deferred				income					3,786	3,128
									3,786	3,128
13.Funds
								Unrestricted	Endowment	Total
								Funds	Funds	Funds
										2021
										E
Balance at 1 March 2020								44,488	760,446	804,934
Surplus/(deficit)		for the		year				14,559	53,126	67,685
Balance at 28	February				2021			69,047	813,672	872,619

			Unrestricted	Endowment	Total	Total
			Funds	Funds	Funds	Funds
					2021	2020
				E	8	8
Intangible	assets			42,768	42,768	44,491
Investments			8,064	770,804	778,868	724,019
Current assets			54,769		54,769	39,553
Creditors	due within	1 year	(3,786)		(3,786)	(3,128)
			59,047	813,572	872,619	804,934