||||Page|| |---|---|---|---|---| |Report ofthe Trustees||1|to|2| |Independent
Examiner's|Report|||| |Statement of Financial|Activities|||| |Balance Sheet||||| |Cash Flow Statement||||| |Notes to the Cash Flow|Statement|||| |Notes tothe Financial Statements||8|to|11| |Detailed Statement of Financial Activities|||12|| ## ## ## ## ## ## ## ## |
have been|

established
to enabl|

established
to enabl|e regula| |---|---|---|---| |Reference|and administrative||details| |Registered
Charity number|||| |1072769|||| |Principal|address||| |Suite 1|||| |Westbury|Court||| |Church Road|||| |Westbury|On|Trym|| |Bristol|||| |BS93EF|||| |Trustees|||| |M R Cannon|||| |Mrs SA T|Cannon||| |CJ Mitchell|||| |Independent||Examiner|| |P A Smith|FCCA||| |Wills Bingley||Limited|| |Chartered|Accountants||| |St Denys House|||| |22 East Hill|||| |St. Austell|||| |Comwall|||| |PL25 4TR|||| ## ## ## ||||
for the Year Ended 5April 2|021|| |---|---|---|---|---|---| |||||5/4/21|5/4/20| |||||Unrestricted|Total| |||||fund|funds| ||||Notes|E|E| |Income and endowments||from|||| |Investment|Income|||63,584|107,030| |Expenditure|on||||| |Charitable
activities
Grants to Institutions||||101,000|13,710| |Other||||80,741|1,032| |Total||||181,741|14,742| |Net gains/(losses)
on investments||||~35,359)|143,257| |NET INCOIIIIE/(EXPENDITURE)||||(153,516)|235,545| |Reconciliation
offunds|||||| |Total funds|brought forward|||4,316,994|4,081,449| |Total funds|carried forward|||4,163,478|4,316,994| |||Balance Sheet||| |---|---|---|---|---| |||5April 2021||| ||||5/4/21|5/4/20| ||||Unrestricted|Total| ||||fund|funds| |||Notes||R| |Current assets
Debtors
Investments
Cash at bank|||4,164,312|29,956
4,100,000
188,088| ||||4,164,312|4,318,044| |Creditors
Amounts
falling due within one year|||(834)|(1,050)| |Net current|assets||4,163,478|4,316,994| |Total assets|less current liabilities||4,163,478|4,316,994| |NET ASSETS|||4,163,478|4,316,994| |Funds
Unrestricted|funds||4,163,478|4,316,994| |Total funds|||4,163,478|4,316,994| |||forthe Year Ende|d 5 April 2021|| |---|---|---|---|---| ||||5/4/21|5/4/20| |||Notes||| |Cash flows from operating
activities
Cash generated
from operations|||4,091,561|105,258| |Net cash provided
by operating
activities|||4,091,561|105,258| |Cash flows from investing|activities|||| |Cost of selling Property
Sale ofcurrent asset investments
Sale of investment
property|||(79,978)
(10,952)
~24407.|| |Net cash (used in)/provided|by investing|activities|~115.337)|| |Change
in cash and cash
reporting
period|equivalents|in the|3,976,224|105,258| |Cash and cash equivalents
ofthe reporting
period|at the beginning||188,088|82,830| |Cash and cash equivalents
reporting
period|at the end|ofthe|4,164,312|188,088| ## ||
forthe|
forthe|
Year Ended 5April 2021|
Year Ended 5April 2021|| |---|---|---|---|---|---| ||Reconciliation
ofnet (expenditure)fincome||to net cash flow from operating
activities
5/4/21||5/4/20| ||Net (expenditure)/income
of Financial Activities)|for the reporting|period (as per the Statement|(153,516)|235,545| ||Adjustments
for:
Losses/(gain)
on investments
Cost ofselling Property
Proceeds from Sale of Property
Decrease in debtors
Decrease in creditors|||35,359
79,978
4,100,000
29,956
~210|(143,257)
12,970| ||Net cash provided
by operations|||4,091,561|105,258| |2.|Analysis ofchanges
in net funds||||| ||||At 6/4/20|Cash flow|At 5/4/21| ||Net cash
Cash at bank||188,088|3,976,224|4,164,312| ||||188,088|3,976,224|4,164,312| ||Liquid resources||||| ||Deposits included
in cash
Current asset investments||4,100,000|~4.100.000|| ||||4,100,000|~4,100,000)|| ||Total||4,288,088|123,776|4,164,312| ## ## ## ## |||5/4/21f|5/4/20f| |---|---|---|---| |Rents|received|63,584|107,030| ## ||||5/4/21|5/4/20| |---|---|---|---|---| |Grants to|Institutions||101,000|13,710| |Institutional|Grants Paid coinprised:|||| |Sherborne|House Trust 2018|100,000||| |Middleton|Lunch Club|1,000||| ## ## |There
were
no trustees'
remuner
5 April 2020.
Trustees' expenses|There
were
no trustees'
remuner
5 April 2020.
Trustees' expenses|There
were
no trustees'
remuner
5 April 2020.
Trustees' expenses|ation
or other
benefits
for the year ended
5 April 2021 nor for the year ended|ation
or other
benefits
for the year ended
5 April 2021 nor for the year ended| |---|---|---|---|---| |There were no trustees' expenses|||paid for the year ended 5 April 2021 nor for the year ended 5 April 2020.|| |Comparatives
for the statement|||offinancial activities|Unrestricted| |||||fundf| |income and endowments||from||| |Investment
income||||107,030| |Expenditure
on||||| |Charitable activities||||| |Grants to Institutions||||13,710| |Other||||1,032| |Total||||14,742| |Net gains on investments||||143,257| |NET INCOME||||235,545| |Reconciliation offunds||||| |Total funds brought|forward|||4,081,449| |Total funds carried|forward|||4,316,994| ||||Page 9|continued. ..| |||||
for the Year Ended 5April|2021||| |---|---|---|---|---|---|---|---| |6.|Debtors: amounts||falling due|within one year||5/4/21|5I4I20| ||||||||6| ||Rent Account||||||29,956| |7.|Current asset|investments|||||| |||||||5/4/21|5/4/20| ||||||||6| ||Freehold
Property||||||4,100,000| |8.|Creditors: amounts||falling due within one year||||| |||||||5/4/21|5/4/20| |||||||F|| ||Other creditors|||||834|1,050| |9.|Movement
in|funds|||||| |||||||Net|| |||||||movement|At| ||||||At 6/4/20|in funds|5/4I21| ||||||||6| ||Unrestricted
funds||||||| ||General fund||||4,316,994|(153,516)|4,163,478| ||TOTAL FUNDS||||4,316,994|~153,516)|4,163,478| ||Net movement|in funds, included
in the above are as follows:|||||| |||||Incoming|Resources|Gains and|Movement| |||||resources|expended|losses
f|in funds
6| ||Unrestricted
funds||||||| ||General fund|||63,584|(181,741)|(35,359)|(153,516)| ||TOTAL FUNDS|||63,584|(181,741)|~35,359)|(153,516)| ||Comparatives|for movement||in funds|||| |||||||Net|| |||||||movement|At| ||||||At 6/4/19|in funds|5/4/20| ||Unrestricted
funds||||||| ||General fund||||4,081,449|235,545|4,316,994| ||TOTAL FUNDS||||4,081,449|235,545|4,316,994| |||||Page 10|||continued. ..| ## ## ## |Compara|tive|net movement
in funds,|included
in the above are as f|ollows:||| |---|---|---|---|---|---|---| ||||Incoming|Resources|Gains and|Movement| ||||resources|expended|losses
f|in funds| |Unrestricted
Genera
I fund||funds|107,030|(14,742)|143,257|235,545| |TOTAL|FUNDS||107,D30|~14,742)|143,257|235,545| |A current yea|r 12months
and prior year 12m|onths combined
position isas follows:||| |---|---|---|---|---| ||||Net|| ||||movement|At| |||At 6/4/1 9|in funds|5/4/21| |Unrestricted
General fund|funds|4,081,449|82,029|4,163,4?8| |TOTAL FUNDS||4,081,449|82,029|4,163,478| |A current
yea
follows:|r 12 months
and prior|year 12 months
combined
net|movement
in fun|ds,
included
in t|he above are| |---|---|---|---|---|---| |||Incoming|Resources|Gains and|Movement| |||resources|expended|losses|in funds| ||||||f.| |Unrestricted|funds||||| |General fund||170,614|(196,483)|107,898|82,029| |TOTAL FUNDS||170,614|)196,483)|1D7,898|82,029| ## ||||M|R Cannon 1998Charitable|Trust||| |---|---|---|---|---|---|---|---| ||||Detailed Statement of Financial||Activities||| |||||for the Year Ended 5April|2021||| |||||||5/4/21|5/4/20| |income and endowments|||||||| |Investment
income
Rents received||||||63,584|107,030| |Total incoming
resources||||||63,584|107,030| |Expenditure|||||||| |Charitable
activities
Grants to institutions||||||101,000|13,710| |Other
Property Sale Costs||||||79,978|| |Sup port costs|||||||| |Management
Accountancy||||||738|1,020| |Finance
Sank charges||||||25|12| |Total resources expended||||||181,741|14,742| |Net (expenditure)/income
losses||before gains|and|||(118,157)|92,288| |Realised recognised
gains and losses
Realised gains/(losses)
on current asset
Costs ofSale of Investment
Property|||investments|||(10,952)
/24, 407)|| |Net (expenditure)/income||||||~I53,516)|92,288|