2021-03-31-accounts - The Bpr Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

			Page
Report ofthe Trustees		1	to	3
Report ofthe Independent Auditors		4	to	6
Statement ofFinancial	Activities
Balance Sheet
Notes to the Financial	Statements	9	to	14
Detailed Statement of	Financial Activities		15

		2021	2020
		Unrestricted	Total
		funds	funds
	Notes
FIXEDASSETS
Tangible assets			65,102
Investments		15,122,630	11,959,560
		15,122,630	12,024,662
CURRENT ASSETS
Debtors	10	40,158	34,508
Cash at bank		61,334	63,759
		101,492	98,267
CREDITORS
Amounts falling due within one year		(86,064)	(230,348)
NET CURRENT ASSETS		15,428	(132,081)
TOTAL ASSETSLESSCURRENT LIABILITIES		15,138,058	11,892,581
NET ASSETS		15,138,058	11,892,581
FUNDS	12
Unrestricted funds		15,138,058	11,892,581
TOTAL FUNDS		15,138,058	11,892,581

INVEST	MENT INCOME
			2021	2020
Currency	exchange rate trades		(69,795)	(35,469)
UK listed	investments		123,718	143,755
Non UK	listed investments		68,667	94,037
Interest on cash and settlements		pending	34,405	32,377
			156,995	234,700

	Investment		management	management	management
									2021	2020
	Portfolio management								59,445	58,920
4.	CHARITABLE ACTIVITIES COSTS
								Grant
								funding of
								activities	Support
								(see note	costs (see
								5)	note 6)	Totals
	Grant making							323,127	20,424	343,551
5.	GRANTS	PAYABLE
									2021	2020
	Grant making								323,127	349,333
	The total grants paid to				institutions	during	the year was as follows:
									2021	2020
	Queen Mary		College,	University ofLondon					323 127	349,333
6.	SUPPORT	COSTS
									Governance
								Other	costs	Totals
	Grant making							9,144	11,280	20,424
	Support costs, included				in the above, are as		follows:
	Other
									2021	2020
									Grant	Total
									making	activities
	Temporary	secretarial		staff					719	550
	Property repairs								1,945
	Legal fees								6,480	6,300
	Depreciation		oftangible		fixed assets					1,304
									9,144	8,154

Analysis ofinvestments	(all general funds):	2021	2020
		f.
UK quoted equities		1,522,607	1,055,578
Non UK quoted equities		7,138,919	4,970,056
UK quoted bonds &fixed	income securities	2,102,125	1,391,907
Hedge funds		1,037,686	942,626
UK cash funds		3,152,145	3,527,475
Forward exchange contracts Other funds		161,332 7,816	(134,239) 206,157
		15,122,630	1l,959,560

The value of individual investments 5%ofthe investment portfolio):	The value of individual investments 5%ofthe investment portfolio):	The value of individual investments 5%ofthe investment portfolio):	material	in the context of	the investment	are as follows	(values	exceeding
8%NTS UK Gilt 1996-7.6.21					1,276,595	8.44%
Money Market - Institutional		Cash Series PLC -	Blackrock ICS Sterling
Liquidity Fund Premier Shs GBP					2,700,000	17.85%
Cost or valuation at	31 March 2021 is represented		by:
						Cash and
					Listed	settlements
					investments	pending		Totals
Valuation in 2021					3,074,885	161,332	3,236,217
Cost					8,734,268	3,152,145	11,886,413
					11,809,153	3,313,477	15,122,630
DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
						2021		2020
Prepayments and accrued income						40,158		34,508
CREDITORS: AMOUNTS		FALLING DUE WITHIN		ONE YEAR
						2021		2020
Accrued expenses						86,064	230,348
MOVEMENT IN FUNDS
						Net
						movement		At
					At 1.4.20	in funds	31.3.21
Unrestricted funds
General fund					11,892,581	3,245,477	15,138,058
TOTAL FUNDS					11,892,581	3,245,477	15,138,058

			Incoming	Resources		Gains and	Movement
			resources	expended		losses	in funds
Unrestricted		funds
General	fund		952,895	(830,443	)	2,511,007	2,633,459
TOTAL	FUNDS		952,895	(830,443	)	2,511,007	2,633,459

			FOR THE YEAR ENDED 31M	ARCH 2021
				2021	2020
INCOME AND ENDOWMENTS
Investment income
Currency exchange rate UK listed investments	trades			(69,795) 123,718	(35,469) 143,755
Non UK listed investments				68,667	94,037
Interest on cash and settlements			pending	34,405	32,377
				156,995	234,700
Other income
Gain on sale ofproperty				561,200
Total incoming resources				718,195	234,700
EXPENDITURE
Investment management		costs
Portfolio management				59,445	58,920
Charitable activities
Grants to institutions				323,127	349,333
Support costs
Other
Temporary secretarial	staff			719	550
Property repairs				1,945
Legal fees				6,480	6,300
Freehold property					1,304
				9,144	8,154
Governance costs
Auditors' remuneration				4,800	4,800
Legal fees				6,480	6,240
				11,280	11,040
Total resources expended				402,996	427,447
Net income/(expenditure)		before gains and losses		315,199	(192,747)
Realised recognised gains		and	losses
Realised gains/(losses) on		fixed	asset investments	2,930,278	(419,271)
Net income/(expenditure)				3,245,477	(612,018)