| Contents | Page | ||
|---|---|---|---|
| Trustees' report |
1-2 | ||
| Synopses of principal | documents | 3-6 | |
| Independent examiner's |
report to the Trustees | ||
| Statement offinancial |
activities | ||
| Statement ofchanges |
in funds | ||
| Balance sheet | 10 | ||
| Notes to the accounts | 11-14 |
| Income funds at 6th April 2020 | 169,341 |
|---|---|
| Net income for the year | 97,681 |
| 267,022 | |
| Distribution to Dover College |
(110,000) |
| Income funds at 5e April 2021 | 157,022 |
| Statement offinancial for the year ended 5th |
activities April 20 |
2 | 1 | |||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Unrestricted | Funds | Endowment | Total | Total | ||
| General | Designated | funds | funds | funds | ||
| Incoming resources |
||||||
| Dividends and interest |
||||||
| received Loan interest receivable Gifts and bequests |
94,352 15,189 |
94,352 15,189 |
143,847 10,307 5,738 |
|||
| Total Incoming resources |
109,541 | 109,541 | 159,892 | |||
| Resources expended | ||||||
| Cost ofgenerating | ||||||
| funds | ||||||
| Investment management fees (note 8) Bank charges |
8,284 | 155 | 21,593 | 30,032 | 32,692 20 |
|
| Governance Accountancy and Audit |
3,576 | 3,576 | 2,112 | |||
| 11,860 | 155 | 21,593 | 33,608 | 34,824 | ||
| Net income available for charitable activities |
97,681 | (155) | (21,593) | 75,933 | 125,068 | |
| Charitable activities |
||||||
| Distributions to Dover College |
110,000 | 86,280 | 141,305 | 337,585 | 271,773 | |
| Net incoming/(outgoing) resources before move- |
(12,319) | (86,435) | (162,898) | (261,652) | (146,705) | |
| ments on investments | ||||||
| Profits/(losses) on investments -realised |
(231,274) | (231,274) | (76,330) | |||
| -unrealised | 1,293,265 | 1,293,265 | (660,587) | |||
| Net movement In funds and total comprehensive income |
(12,319) | (86,435) | 899,093 | 800,339 | (883,622) | |
| Fund balances brought forward |
169,341 | 86,645 | 4,430,792 | 4,686,778 | 5,570,400 | |
| Fund balances carried forward |
157,022 | 210 | 5,329,885 | 5,487,117 | 4,686,778 |
for the year ende |
d 5th |
April 20 | 2 | 1 | |||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| Unrestricted | Funds | Endowment | Total | Total | |||
| General | Designated | funds | funds | funds | |||
| E | f | ||||||
| Fund balances at 6~ April 2020 |
169,341 | 86,645 | 4,430,792 | 4,686,778 | 5,570,400 | ||
| Net movement In funds total comprehensive |
and income |
(12,319) | (86,435) | 899,093 | 800,339 | (883,622) | |
| Fund balances at 5'" April 2021 |
157,022 | 210 | 5,329,885 | 5,487,117 | 4,686,778 |
| Balance sheet as at 5th April 2021 |
||||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Note | F F |
5 | ||
| Fixed asset Investments Quoted investments at market value Loan to Dover College Uninvested cash with stockbrokers |
5,113,668 221,074 |
3,535,224 300,000 662,236 |
||
| 5,334,742 | 4,497,460 | |||
| Current assets Cash with stockbrokers Accrued income |
165,899 | 191,632 9,116 |
||
| 165,899 | 200,748 | |||
| Current liabilities - amounts |
falling | |||
| due within one year Creditors |
5 | 13,524 | 11,430 | |
| Net current assets | 152,375 | 189,318 | ||
| 5,487,117 | 4,686,778 | |||
| Funds (page 11) Endowment funds Unrestricted funds - General Designated |
5,329,885 157,022 210 |
4,430,792 169,341 86,645 |
||
| 5,487,117 | 4,686,778 |
| Quoted Investments | ||||
|---|---|---|---|---|
| Endowment | Foundation | Total | Total | |
| Funds | Fund | 2021 | 2020 | |
| F | F | |||
| Market value at 6th April 2020 Acquisitions at cost Sales proceeds from disposals Profit/(Loss) in the year |
3,535,224 1,522,770 (661,376) 717,050 |
3,535,224 1,522,770 (661,376) 717,050 |
5,149,360 631,877 (1,506,759) (739,254) |
|
| Market value at 5th April 2021 | 5,113,668 | 5,113,668 | 3,535,224 | |
| Investments at market value |
||||
| comprise: Equities Fixed interest securities |
5,000,088 113,580 |
5,000,088 113,580 |
3,069,079 466, 145 |
|
| 5,113,668 | 5,113,668 | 3,535,224 | ||
| Historical cost as at 5th April 2021 |
3,833,921 | 3,833,921 | 3,194,504 |
| 6 Endowment funds |
EccleshaIV Grylls Watson 6 |
Fleury | Eames 8 Others f |
Total |
|---|---|---|---|---|
| Investment management fees |
(16,751) | (2,603) | (2,239) (141,305) |
(21,593) (141,305) |
| Distributions to Dover College Profits/(losses) on investments -realised -unrealised |
70,588 856,246 |
25,465 175,255 |
(327,327) 261,765 |
(231,274) 1,293,265 |
| Net movement in funds Fund balances brought forward |
910,083 3,049,865 |
198,117 683,133 |
(209,106) 697,793 |
899,093 4,430,792 |
| Fund balances carried forward | 3,959,948 | 881,250 | 488,687 | 5,329,885 |