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

PDF
Markdown

2021-06-30-accounts

				2021	2020
				Unrestricted	Unrestricted
			Note	f	r.
Income from:
Investment income				132,684	98,565
Total				132,684	98,565
Expenditure on:
Charitable Activities:
Grants and donations	payable	in furtherance
ofobjects				34,714	18,187
sponsarship					3,031
vyebsite expenditure				241,966
Archive costs				25,826	30,460
Legal & Professional				680
Advertising costs				14,212
Total				317,398	51,678
Net loss on investments			15	j6,278,374)
Net mavement in funds				j6,463,088l	46,887
Tatal funds brought forward				26,430,630	26,383,743
Total funds carried forward				19,967,542	76.430,630

				2021	2021	2020	2020
			Note	6	6	6
Fixed Assets
Intangible fixed assets			16				79,287
Investments			15		19,413,620		25,641,994
Current Assets
Cash at bank				610,986		736,265
Other debtors
				610,986		736,265
Creditors: Amounts		falling due
withm one year			17	(57,065)		(26,916)
				(57,065)		(26,916)
Net Current	Assets				553,921		709,349
Tata)Assets	less current		liabilities		19,967,542		26,430,630
Total Net Assets							26,430,630
Funds
Unrestricted	Funds						26,430,630
The nates on	pages	7to	13form part ofthe financial	statements.

2	Investment	Investment	income	income						2021			2020
										6
	Dividend	from Colston Property			Partners	Limited				132,684			98,565
										132,684			98,565
3	Charitable		activities							2021
					Grants 0 donations ~		Sponsorship		Website casts-	Archive costs-nate	Legal 8 Professional		Advertising casts-note	Total
					note 4		note	S	note 6	7	note	8	9
						E	6		E	6	E		E
	Direct charitable			expenditure		25,000			174,256	18,599		il90	10235	228,580
	Aaocation		ot support costs-
	note 10					9,714			67,710	7,Z27		190	3,977	88,818
						34,/14			241,966	25,826		660	14,212	317398
										2020
					Grants IL donations- note 4		Sponsorship nate 5		Webslte costs. note 6	Archive costs - nate 7	Legal 8 Professional note 8		Advertising costs- nate 9	Total
						6	6		6	6	E		E
	Direct charitable			expenditure		15,00D	2,500			25,123				41,623
	Asocatlon		ofsupport costs
	nnrr In					3,187		531		5,337				9,055
						16,187	3,031			30,460				51.678

7	Archive costs	Archive costs				2021	2020
						E	E
	Costs incurred organising			and auditing	Paul Smith's
	archive for	use by the foundation				18,599	25,123
9	Legala Professional
9	Advertising	costs
	Digital advertising		costs
10	Support costs					2021	2020
						E	E
	Governance	costs - note		10		9,514	9,055
	Bank charges					17
	Impairment					79,287
11	Governance	costs				2021	2020
						E	E
	Independent	examiner fees				4,570	4,220
	Accounting	services				4,944	4,835
							9,055

15	Investments	Investments		Unbated 2021	Unlisted 2020
				E	E
	Fair value	at	1st July 2020	25,641,994	25,641,994
	Additions	in	the year	50,000
	Revaluation		loss	j6,278,3741
	Fair value	at	30th June 2021	19,413,620	25,641,994
	Historical	cost as at 30th June 2020		25,641,994	25,661,511

At 30th	June 2021the following	June 2021the following	June 2021the following	investment	holdings		represent	5%or more of the fair value ofthe	5%or more of the fair value ofthe	total
portfolio:				Share class				Shareholding	Country of incorporation
Lecture	in Progress Ltd			25 Ordmary		shares		20.00%	England	Ik Wales
Colston	Property	Partners	Ltd	5,043 Ordmary			C shares	11603'	England	& Wales
Paul Smith Group		Holdings	Ltd	5,043 Ordinary			A shares	12.89%	England	&Wales
Partnership -9 St		Thomas	Street	Not	applicable			11.24%	Unincorporated
Detailed	breakdown ofinvestments
									Fair Value
									Total 2021
										6
Lecture	in Progress Ltd									50,000
Colston	Property	Partners	Ltd							6,856,872
Paul Smith Group		Holdmgs	Ltd							11,325,770
Partnership 9St		Thomas	Street							1,180,978
										19,413,620

Intangible fixed assets
		yyabsite
		development
Cost at 1July 2020		79,287
Additions
Cost at 30June 2021		79,287
Accumulated amortisation	at I July 2020
Impairment charge for the	year	79,287
Accumulated amortisation	at 30June 2021	79,287
Net book value as at 30June 2021
Net book value as at 30June 2020		79,287

Creditors: amounts	falling due within one year
		2021	2020
		E	E
Grant accruals		10,000	15,000
Accruals		9,586	8,956
Deferred dividend	mcome	33,171
Other creditors		4,308	2,960

				2021	2020
				E
Reserves brought	forward			26,430,630	26,383,743
Surplus/(deficit)	for the year			(6,463,088)	46,887
Reserves carried	forward			19,967,542	26,430,630
The charity's reserves consists ofunrestncted		general	reserves only.