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





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||||||2021|2021|2021|2020|
|---|---|---|---|---|---|---|---|---|
||||Note||Unrestricted|Endowment|Total|Total|
||||||8|8|8|8|
|Income and endowments|||||||||
|Investment<br>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<br>on raising funds:|||||||||
|Costs ofother trading|activities|||4||1,723|1,723|1,723|
|Investment<br>management||costs||5|7,557||7,557|7,368|
|Expenditure<br>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<br>in funds|||||14,559|53,126|67,685|8,983|
|Reconciliation<br>offunds|||||||||
|Total funds brought<br>forward|||||44,488|760,446|804,934|795,951|
|Total funds carried forward|||||59,047|813,572|872,619|804,934|





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||||Note|2021|2020|
|---|---|---|---|---|---|
|||||8|8|
|Fixed assets||||||
|Intangible<br>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<br>funds||||813,572|760,446|
|Total charity|funds||13|872,619|804,934|






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



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|Investment|management<br>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|



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|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|





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|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<br>PCC|||1,000|
||||16,000|



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|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<br>value||||
|At 28 February|2021||42,768|
|At 29 February 2020|||44,491|





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|10.Investments|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2021||
||||||||||F||
|Movement<br>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|





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||||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|



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