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|CONTENTS||PAGE|
|---|---|---|
|Trustees and professional
advisers|||
|Trustees'
annual
report||2-10|
|Independent
auditors|report|11-13|
|Statement
offinancial|activities|14|
|Statement
offinancial|position||
|Notes to the financial|statements|16-21|
|The Trustees|The Trustees|Philip Hulme||||
|---|---|---|---|---|---|
|||Jan Hulme||||
|||Tom Hulme||||
|||Juliet Lyon||||
|||Kate Prideaux||||
|||Sophie Swift||||
|Charity Offices||'Gladsmuir'||||
|||Hadley Common||||
|||Barnet||||
|||Herts.||||
|||EN5 5QE||||
|Auditors||Newton 8 Gamer Limited||||
|||Chartered
Accountants||&Registered|Auditors|
|||Building 2||||
|||30 Friern Park||||
|||North Finchley||||
|||London, N12 9DA||||
|Accountants||City Tax Consultants|Limited|||
|||Building 2||||
|||30 Friern Park||||
|||North Finchley||||
|||London, N12 9DA||||
|Bankers||Barclays Bank pic||||
|||One Stanhope Gate||||
|||Mayfair||||
|||London W1K 1AF||||
|Solicitors||Linklaters||||
|||One Silk Street||||
|||London||||
|||EC2Y8HQ||||
|Investment|Advisers|Goldman Sachs International||||
|||Piumtree
Court||||
|||25Shoe Lane||||
|||London||||
|||EC4A 4AU||||
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|the prior year has be|en include|d
in brac|
|---|---|---|
|Crime and Justice|40.9%|(394'%%d)|
|Young people|16 6'%%d|(12.3'/o)|
|Social Investment|11 g%%d|(24/o)|
|Hospices|g
To%%d|(19.2%%d)|
|Local|91%|(8.3'/)|
|Medical|64%|(6.6'%%d)|
|Disabilities|4.6%|(43%)|
|International|0.8%|(0 /'/o)|
|Climate Change|0%|(7.8/o)|
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||||||Total Funds|Total Funds|
|---|---|---|---|---|---|---|
||||Unrestricted|Endowment|Year to|Year to|
|||Note|Funds
f|Funds
0|2021f|2020f|
|INCOME AND ENDOWMENTS|||||||
|Donations
and legacies||4||||2,852,100|
|Investments||5|1,749,245||1,749,245|3,410,574|
|TOTAL INCOME|||1,749,245||1,749,245|6,262,674|
|EXPENDITURE|||||||
|Expenditure
on raising funds:|||||||
|Investment
management
costs||5|(415,311)||(415,311)|(421,696)|
|Expenditure
on charitable
activities||71$|+33785,759||~2785750|~3,
86, 4263|
|TOTAL EXPENDITURE|||4,201070||~420107,0|,~4,286,319|
|Net gains on investments||12||4,835,255|4,835,255|3,592,477|
|Net income|||(2,451,825)|4,835,255|2,383,430|5,568,832|
|Transfer between
funds||13|2451 825|~2,451 $25|||
|||||2,383,430|2,383830|5,566,632|
|OTHER RECOGNISED GAINS AND LOSSES|||||||
|(Losses)/gains
on revaluation|offixed assets|||74682,183|74662183 ,|18,693,891|
|NET INOVEMENT
IN FUNDS||||77,045,513|77,045,513|24,172,723|
|RECONCILIATION
OF FUNDS|||||||
|Total Funds brought
forward||||210174915|210174915|185002192|
|TOTAL FUNDS CARRIED FORWARD||||287 220 528|287220528|210174915|
|||31S|TMARCH|2021||||
|---|---|---|---|---|---|---|---|
|||||2021||2020||
|||Note|E|||||
|FIXEDASSETS||||||||
|Tangible assets||14|||||1,813|
|Investments||15||285,626,848||209,399,455||
|||||285,626,848||209,401,268||
|CURRENT ASSETS||||||||
|Debtors||16|453,341||59,885|||
|Cash at bank|||1,184,298||757,517|||
||||1,637,639||817,502|||
|CREDITORS: Amounts
due within one year|falling|17|~43009||43855|||
|NET CURRENT ASSETS||||1,593,680|||773,647|
|TOTAL ASSETSLESS|CURRENT|LIABILITIES||287,220,528||210,174,915||
|NET ASSETS||||207 220 520||210,174,915||
|FUNDS OF THE CHARITY||||||||
|Endowment
funds||18||287,220,528||210,174,915||
|TOTAL CHARITY FUNDS||||207 220520||210|174915|
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|4.|DONATIONS
AND LEGACIES||||2021
f|2020
f|
|---|---|---|---|---|---|---|
||Other voluntary
income|||||2,852,100|
|5.|INVESTMENT INCOME||||2021f|2020
f|
||Income from investment
properties||||57,932|57,433|
||Income from listed investments||||1,886,885|3,336,351|
||Income from cash investments||||(572)|11,790|
||Income from other investments||||5,000|5,000|
||||||1,749,245|3,410,574|
|6.|INVESTMENT MANAGEMENT||COSTS||2021f|2020f|
||Portfolio management||||385,512|405,595|
||Rent collection and investment|property||management|7,442|7,372|
||Property repairs and maintenance||charges||22357|8,729|
||||||415311|421,696|
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|out in the Truste|es'
Repo|rt on page 3.||||||
|---|---|---|---|---|---|---|---|
|||||||TotalFunds|Total Funds|
|||||Support|Governance|Yearto|Year to|
|||Grants
f||Costs
f|Costs
f|2021f|2020
f|
|Crime and Justice||1,447,437||44,630|54,233|1,546,300|1,520,744|
|Young People||588,195||18,113|22,012|626,320|473,558|
|Social investment||421,000||12,985|15,779|449,764|93,935|
|Hospices||345,000||10,584|12,882|368,446|740,278|
|Local||324,028||9,930|12,067|348,023|319,501|
|Medical||228,383||6,984|8,486|241,853|215,143|
|Disabilities||164,000||5,019|6,100|175,119|164,301|
|International||30,000||873|1,061|31,934|37,462|
|Climate change||||||0|299,702|
|||3.644 041||109,110|132600|3700 750|3,864,624|
|SUPPORT AND|GOVERNANCE COSTS|||||2021
f.|2020f|
|The breakdown|ofsupport costs attributable||to|charitable
activities is:||||
|Staff salaries &|Nl|||||105,517|104,250|
|Depreciation||||||1,813|8,405|
|Motor||||||1,526|1,166|
|Office||||||262|382|
|Travel|||||||650|
|Governance
costs —Legal, audit &accountancy||||||132000|139200|
|||||||241 710|254 053|
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|STAFF COSTS AND EMOLUMENTS|STAFF COSTS AND EMOLUMENTS|STAFF COSTS AND EMOLUMENTS||2021|2020|
|---|---|---|---|---|---|
|The aggregate|payroll costs were:|||||
|Wages and salaries||||97,600|95,500|
|Social security|costs|||8,017|8,750|
|||||105511|104,250|
|Particulars of|employees:|||||
|The number of|staff employed|by the charity during the financial year amounted|to:|||
|||||2021|2020|
|||||No.|No.|
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|NET INCOME||||
|---|---|---|---|
|This is stated after charging:||2021f|2020
5|
|Depreciation||1,813|5,405|
|Auditors
remuneration:||||
|-audit ofthe financial statements||4,800|3600|
|NET GAINS ON INVESTMENTS||2021|2020|
|||6|5|
|Gains/(Losses)
on cash held for investment|purposes|669,081|(148,828)|
|Gains on listed investments||3,349,57$|1,647,200|
|Gains on other investments||010621|2,004 105|
|||4,835,255|3,592,477|
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|14.TANGIBLE FIXEDASSETS||Office
Furniture|||||
|---|---|---|---|---|---|---|
|COST|||Equipment
f||Motor Vehicle
6|Total
6|
|At 1stApril 2020||14,831||753|24,720|40,304|
|Additions|||||||
|Disposals|||||||
|At 31stMarch 2021||14,831||753|24,720|40,304|
|DEPRECIATION|||||||
|At 1stApril 2020||13,533||753|24,205|38,491|
|Charge for the period||1,298|||515|1,813|
|Disposals|||||||
|At 31stMarch 2021||14,831||753|24720|40 304|
|NET BOOK VALUE|||||||
|At 31stMarch 2021|||||||
|At 31stMarch 2020||1,298|||515|1,813|
|15.INVESTMENTS|Cash or||||||
||Cash|Listed|Investment||Other||
||Equivalents|Investments|Properties||Investments|Total|
||6|E|||6|6|
|Cost or valuation|||||||
|At 1stApril 2020|(296,705)|167,238,012|3,070,000||39,388,148|209,399,&5|
|Additions|3,887,787|3,261,021|||4,456,965|11,605,773|
|Disposals
Revaluations|(3,837,310)
1,222,535|(6,107,375)
73,990,660|||(95,878)
~551.D12|(10,040,563)
74,662,183|
|At 31st March 2021|976,307|238,382,318|3,070,000||43,198,223|285,626,848|
|Impairment|||||||
|At 1stApril 2020 and|||||||
|31stMarch 2021|||||||
|Carrying
amount|||||||
|At 31stMarch 2021|976307|230302318|307D|DDD|43.190223|205626 040|
|At 31stMarch 2020|~296,705|167230D12|3D7D|DD0|39,308.140|200,390455|
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|UK investment
properties
Services Limited.|were revalued
at 31st March 2017by Mr.|C.D. Scorer ofScorer Prope|rty|
|---|---|---|---|
|16.DEBTORS||2021f|2020f|
|Other debtors||64,885|59,885|
|Payments
reported to Police||388,456||
|||453,341|59,885|
|17.CREDITORS: Amounts|falling due within one year:|2021f|2020f|
|Taxation and social security||4,359|4,255|
|Accruals||39600|39,500|
|||43059|43855|
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|||Balance at|Incoming||Balance at|
|---|---|---|---|---|---|
|||1.4.20|Resources||31.3.21|
||||inc. gains
f|||
|Expendable|endowment|210,174915|7704561,3|,|2072211,520|