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|||||2021|2020|
|---|---|---|---|---|---|
|||||Unrestricted|Unrestricted|
||||Note|f|r.|
|Income from:||||||
|Investment<br>income||||132,684|98,565|
|Total||||132,684|98,565|
|Expenditure<br>on:||||||
|Charitable<br>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<br>costs||||14,212||
|Total||||317,398|51,678|
|Net loss on investments|||15|j6,278,374)||
|Net mavement<br>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<br>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.||||



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|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<br>donations<br>~||Sponsorship||Website<br>casts-|Archive<br>costs-nate|Legal 8<br>Professional||Advertising<br>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<br>donations-<br>note 4||Sponsorship<br>nate 5||Webslte<br>costs.<br>note 6|Archive<br>costs - nate<br>7|Legal 8<br>Professional<br>note 8||Advertising<br>costs- nate<br>9|Total|
|||||||6|6||6|6|E||E||
||Direct charitable|||expenditure||15,00D|2,500|||25,123||||41,623|
||Asocatlon||ofsupport costs||||||||||||
||nnrr<br>In|||||3,187||531||5,337||||9,055|
|||||||16,187|3,031|||30,460||||51.678|






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|7|Archive costs|Archive costs||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||||E|E|
||Costs incurred<br>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|



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## 

|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<br>incorporation||
|Lecture|in Progress<br>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<br>-9 St||Thomas|Street|Not|applicable|||11.24%|Unincorporated||
|Detailed|breakdown<br>ofinvestments||||||||||
||||||||||Fair Value||
||||||||||Total 2021||
|||||||||||6|
|Lecture|in Progress<br>Ltd|||||||||50,000|
|Colston|Property|Partners|Ltd|||||||6,856,872|
|Paul Smith Group||Holdmgs|Ltd|||||||11,325,770|
|Partnership<br>9St||Thomas|Street|||||||1,180,978|
|||||||||||19,413,620|



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





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|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<br>reserves consists ofunrestncted||general|reserves only.|||