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|I|Reference and Administrative
Details|||
|---|---|---|---|
|2|Structure,
Governance
and Management.|....||
|3|Objectives
and Activities. .|||
|4|Achievements
and Performance:
Year ended 31stMarch 2022..|||
|5|Financial Review.||.3|
|6|Plans for Future Periods. .||.4|
|7|Independent
Auditor's
Report to the Trustees ofBedfont Lakes Trust Fund .....|||
|8|Statement ofFinancial Activities. ..||.9|
|9|Balance Sheet as at31"March 2022||.10|
|10|Notes to the Financial
Statements. .|||
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|1
Reference and Admi|nistrative
Details|nistrative
Details|
|---|---|---|
|TRUSTEE:|The Mayor and Burgesses ofthe London Borough of||
||Hounslow||
|ADDRESS:|Hounslow
House||
||7 Bath Road||
||Hounslow||
||TW3 3EB||
|REGISTERED CHARITY NO.:|1053137||
|SOLICITOR:|Assistant
Director Corporate Governance||
||London Borough|of Hounslow|
||Hounslow
House||
||7 Bath Road||
||Hounslow||
||TW3 3EB||
|TREASURER:|Director of Finance and Corporate Services||
||London Borough|of Hounslow|
||Hounslow
House||
||7 Bath Road||
||Hounslow||
||TW3 3EB||
|AUDITORS:|Clemence
Hoar Cummings||
||1 —5 Coma Street||
||Romford||
||Essex||
||RM7 7DN||
|BANKERS:|NatWest Bank||
||275 - 277 High Street||
||Hounslow||
||TW3 1ZA||
|FUND MANAGERS:|Schroder &Co||
||31 Gresham
Street||
||London||
||EC2V 7QA||
|INTERNAL AUDITORS:|Head of Internal|Audit|
||London Borough|of Hounslow|
||Hounslow
House||
||7 Bath Road||
||Hounslow||
||TW3 3EB||
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|9 Statement
|of|Financial|Ac|tivities|tivities||||
|---|---|---|---|---|---|---|---|---|
||||Note
s|Unrestricted
Fund||Restricted
Fund|Total 2021/22 Total|2020/21|
|||||E|||||
|income from:|||||||||
|investment
Income|||||134,718|58,822|193,540|177,773|
|Other Incoming Resources|||||0|0|0|0|
|Total Incoming|||||134,718|58,822|193,540|177,773|
|Expenditure
on:|||||||||
|investment
management||costs|||31,313|10,281|41,594|45,030|
|Charitable
Activities|||||144,164|47,336|191,500|191,507|
|Charitable
Support Costs|||||3,670|1,205|4,675|5,458|
|Total Expenditure|||||179,147|58,822|237,969|241,995|
|Net Incoming/(Outgoing)
the Year||Resources for||(44,429)|||(44,429)|(64,222)|
|Net (losses)/gains
on investments|||||365,767|159,706|525,473|754,655|
|Net (expenditure)/Income
movement
In funds||and net|||321,338|159,706|481,044|690,433|
|Fund Balances brought
April|forward at 1st|||3,999,565||1,746,342|5,745,907|5,055,474|
|Fund Balances carried
March|forward 31st|||4,320,903||1,906,048|6,226,951|5,745,907|
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|10Balance Sheet as at|31"March 2022|||
|---|---|---|---|
||Notes|2022|2021|
|Fixed Assets||||
|Investments||5,890,178|5,392,577|
|||5,890,178|5,392,577|
|Current Assets||||
|Debtors||66,819|73,967|
|Cash||470,189|468,096|
|||537,008|562,063|
|Liabilities||||
|Creditors||(200,235)|(208,733)|
|||(200435)|(208,733)|
|Nst Current Assets||336,773|353,330|
|Nst Assets||6,226,951|5,745,907|
|Funds||||
|Restricted||1,906,048|1,746,342|
|Unrestricted||4,320,903|3,999,565|
|Funds Carried Forward||6,226,951|5,745,907|
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|osts were r|echarged
to the Charity.|||
|---|---|---|---|
|||2022|2021|
||||2|
|Management|of Bedfont Lakes Country Park|185,000|185,007|
|Support Services||6,500|6,500|
|||191,500|191,507|
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|||2022|2021|
|---|---|---|---|
|External|Audit Fees|4,874|5,457|
|Legal &|Professional Fees|||
|||4,874|5,457|
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|||||2022|2021|
|---|---|---|---|---|---|
|Market Value at 1 April||||5,392,577|4,699,388|
|Acquisitions
during the year at cost||||5,533,367|470,586|
|Dtsposats
during year at|carrying|value||(5,571,517)|(515,309)|
|Net gains/(tosses)
on revaluation||||525,473|754,655|
|Net increase r (decrease)|in cash|awaiting|investment|10,279|(16,743)|
|Closing Value||||5,890,178|5,392,577|
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|||||Number|Market Value|Cost|
|---|---|---|---|---|---|---|
|31st March 2021||||of Units|||
|Schroder|Corporate
Bond|Fund||763,949|485,337|409,314|
|Schroder|Income Fund|||3,606,406|1,932,312|988,421|
|Schroder|Income Maximiser||Fund|1,007,660|388,050|502,275|
|Schroder|UK Real Estate|Fund||4,270|198,640|167,548|
|Schrodsr|Cash Pool Account||||26,966|26,966|
|M&G Strategic Corporate||Bond - PP||609,758|620,307|467,485|
|Trojan Income Fund||||425,765|748,963|643,263|
|Charities|Property
Fund|||706,674|877,406|752,155|
|Vontobel|Fund|||1,110|114,596|114,985|
||||||5,392,577|4,072,411|
|||||Number|Market Value|Cost|
|31st March 2022||||of Units|8||
|Schroder|UK Real Estate|Fund||4,270|222,894|167,548|
|Schroder|Cash Pool Account||||37,245|37,245|
|SUTL Cazsnove
Charity Responsible||||9,891,141|5,630,038|5,533,367|
||||||5,890,178|5,738,160|
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|) Debt|ors||||
|---|---|---|---|---|
||||2022|2021|
||||2||
|Accrued|Investment|Income|66,631|73,779|
|Accrued|Licence Income||188|188|
||||66,819|73,967|
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|) Liabilit|ies: amount|s
falling due within one year|||
|---|---|---|---|---|
||||2022|2021|
|||||2|
|Sums due|to London Borough of Hounslow||191,500|191,507|
|Inveslment|management|fees due|3,443|11,769|
|Audit Fees|||5,292|5,457|
|Total|||200,235|208,733|
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|||Unrestricted|Restricted||
|---|---|---|---|---|
|||Fund|Fund|Total|
|||2|2|2|
|Fixed|Assets||||
|Investments||4,085,365|1,804,813|5,890,178|
|Total Fixed Assets||4,085,365|1,804,813|5,890,178|
|Current|Assets|362,742|174,266|537,008|
|Current|Liabilities|(127,204)|(73,031)|(200,235)|
|Net Assets at 31stMarch 2022||4,320,903|1,906,048|6,226,951|
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|||||Unrestricted
Fund|Restricted|Fund|Total 2020/21|
|---|---|---|---|---|---|---|---|
|Income from:||||||||
|Investment
Income||||124,340||53,433|177,773|
|Other Incoming
Resources||||0||0|0|
|Total Income||||124,340||53,433|177,773|
|Expenditure
on:||||||||
|Invsstmsnt
management||costs||35,087||9,943|45,030|
|Charitable
Activities||||149,222||42,285|191,507|
|Charitable
support costs||||4,253||1,205|5,458|
|Total Expenditure||||188,561||53,433|241,995|
|Nst (losses)/gains
on investments||||527,829|226,826||754,655|
|Nst (expenditure)/Income
funda||and net movement|in|463,607|226,826||690,433|
|Fund Balances brought|forward at 1st April|||3,535,958|1,519,516||5,055,474|
|Fund Balances carried|forward 31stMarch|||3,999,566|1,746,342||5,745,907|