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2021-04-05-accounts

			Page
Trustees'	annual report
Independent examiner's report to the trustees
Statement	offinancial	activities
Statement	offinancial	position
Notes to the financial		statements

Registered	charity	name	The Philip Nicholas	The Philip Nicholas	Charitable	Trust
Charity registration		number	1061857
Principal office			104 High Street
			Sidmouth
			Devon
			EX108EF
The trustees			Mrs E Butler
			DrS Willis
			Mrs J M Creeke
			Mr J McCarthy			(Appointed	17August 2020)
			Mr R N Woodard	KVCO		(Resigned	17August 2020)
			Mr D P Steele-Perkins			(Resigned	17August 2020)
Independent	examiner		Mr M Marsh ACA
			Queens House
			New Street
			Honiton
			Devon
			EX141BJ

						2021		2020
					Unrestricted	Endowment
					funds	funds	Total funds	Total funds
				Note		8	E
Income and endowments
Investment income					39,074		39,074	47,326
Total income					39,074		39,074	47,326
Expenditure
Expenditure on charitable			activities	5,6	72,725		72,725	68,268
Total expenditure					72,725		72,725	68,268
Net gains/(losses)	on investments			8	243,910		243,910	(214,426)
Net income/(expenditure)			and net
movement in funds					210,259		210,259	(235,368)
Reconciliation of	funds
Total funds brought		forward			303,977	500,000	803,977	1,039,345
Total funds carried		forward			514,236	500,000	1,014,236	803,977

5April 2021
				Note	2021 f	2020 E
Fixed assets
Investments				11	966,625	753,423
Current assets
Debtors				12	504	521
Cash at bank and	in	hand			48,595	51,467
					49,099	51,988
Creditors: amounts		falling	due within one year	13	1,488	1,434
Net current assets					47,611	50,554
Total assets less	current		liabilities		1,014,236	803,977
Net assets					1,014,236	803,977
Funds ofthe charity
Endowment funds					500,000	500,000
Unrestricted funds					514,236	303,977
Total charity funds				14	1,014,236	803,977

		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
		F	6	F
Income	from listed investments	31,254	31,254	37,739	37,739
Interest	received	7,820	7,820	9,587	9,587
		39,074	39,074	47,326	47,326

Expenditure	on charitable	activities
		Unrestricted	Total	Funds	Unrestricted	Total	Funds
		Funds 6		2021 6	Funds		2020 f
Donations		65,200		65,200	60,200		60,200
Governance	costs	7,525		7,525	8,068		8,068
		72,725		72,725	68,268		68,268

			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2021 6	Funds	2020 f
University		of Hull	30,200	30,200	30,200	30,200
Plymouth		University	30,000	30,000	20,000	20,000
Helford	River Trust		5,000	5,000	5,000	5,000
Horizons		Plymouth			5,000	5,000
			65,200	65,200	60,200	60,200

Analysis of	govern	ance costs
			Unrestricted	Total Funds	Unrestricted
			Funds	2021	Funds
			6	E	F	F
Accountancy	fees		1,488	1,488	1,434	1,434
Administrative	costs		6,037	6,037	6,634	6,634
			7,525	7,525	8,068	8,068
Net gains/(losses)		on investments
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2021	Funds	2020
			F		6	6
Gains/(losses)	on other investment
assets			243,910	243,910	(214,426)	(214,426)

Independent	examinatio	n fees
					2021	2020
						f
Fees payable	to the independent		examiner	for:
Independent	examination	ofthe	financial statements		1,488	1,434

						Listed
						investments
						6
	Cost or valuation
	At 6 April	2020				753,423
	Additions					75,818
	Disposals					(106,526)
	Fair value	movements				243,910
	At 5April	2021				966,625
	Impairment
	At 6 April	2020 and	5April	2021
	Carrying	amount
	At 5April	2021				966,625
	At 5 April	2020				753,423
	The above carrying		amounts	are recognised as follows:
						Listed
						investments
	At 5April	2021
	Held at fair value					966,625
	Held at historical cost less impairments					664,349
	At 5April	2020
	Held at fair value					753,423
	Held at historical cost less impairments					688,213
12.	Debtors
					2021	2020
						F
	Other debtors				504	521

Creditors:	a	mount	s f	alling due within o	ne year
							2021	2020
								E
Accruals and		deferred		income			1,488	1,434
Analysis of	charitable			funds
unrestricted		funds
2021				At			Gains and	At
				6 April 2020 E	Income E	Expenditure f	losses F	5 April 2021
General funds				303,977	39,074	(72,725)	243,910	514,236
2020				At			Gains and	At
				6 April 2019 F	Income F	Expenditure E	losses E	5April 2020 f
General funds				539,345	47,326	(68,268)	(214,426)	303,977
Endowment		funds
2021				At			Gains and	At
				6 April 2020	Income	Expenditure	losses	5April 2021
				F	E	E		E
Endowment	Fund			500,000				500,000
2020				At			Gains and	At
				6 April 2019 E	Income	Expenditure F	losses f	5April 2020 f
Endowment	Fund			500,000				500,000
Analysis of	net assets			between funds
2021						Unrestricted	Endowment	Total Funds
						Funds	Funds	2021
						F	E
Investments						466,625	500,000	966,625
Current assets						49,099		49,099
Creditors less		than	1 year			(1,488)		(1,488)
Net assets						514,236	500,000	1,014,236
2020						Unrestricted	Endowment	Total Funds
						Funds	Funds	2020
						F		F
Investments						253,423	500,000	753,423
Current assets						51,988		51,988
Creditors less		than	1 year			(1,434)		(1,434)
Net assets						303,977	500,000	803,977