##
##
||||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|
##
##