2021-12-02-accounts - Woodroffe Benton Foundation

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RECONCILIATION OF GRANTS	PAID AS ABOVE WITH FIGURES SHOWN IN THE	PAID AS ABOVE WITH FIGURES SHOWN IN THE
		2022	2020
		f
Substantial ongoing support		289,225	186,316
Small Grants Programme Trustees' Grants		52,500 11,500	105,750 16,500
Total Grants Paid		353,225	308,566
Less; Awarded in previous year(s)		51,000	124,666
		302,225	183,900
Add: Allocated for payment	in future years	42,500	51,000
Grants as shown in the accounts		344,725	234,900

	NOTE	UNRESTRICTED	PERMANENT	TOTAL	TOTAL
		FUND	ENDOWMENT	FUNDS	FUNDS
			FUND	2/12/21	2/12/20f
INCOME
Property Income Net Income from Investments		2,921 170,400	50,784	2,921 221,184	3,042 231,475
Bank interest		15		15	149
TOTAL		173,336	50,784	224,120	234,666
EXPENDITURE
Cost ofgenerating funds Grant Expenditure Grant related support costs		36,470 344,725 12,121	8,105	44,575 344,725 12,121	40,801 234,900 14,786
COSTOF GRANT-MAKING
Governance costs		23,784		23,784	18,420
TOTAL		417,100	8,105	425,205	308,907
NET OUTGOING RESOURCES FOR YEAR	BEFORE
OTHER RECOGNISED GAINS Bt LOSSES		(243,764)	42,679	(201,085)	(74,241)
Net gains on investments		1,070,446	150,173	1,220,619	221,863
NET INCOME		826,682	192,852	1,019,534	147,622
Reallocation ofreserves		52,324	(52,324)
NET MOVEMENT IN FUNDS		879,006	140,528	1,019,534	147,622
BALANCE BROUGHT FORWARD		6,864,340	1,522,720	8,387,060	8,239,438
BALANCE CARRIED FORWARD		7,743,346	1,663,248	9,406,594	8,387,060

		UNRESTRICTED	PERMANENT	TOTAL	TOTAL
	NOTE	FUND	ENDOWMENT	FUNDS	FUNDS
			FUND	2/12/21	2/12/20
			E	E	E
FIXEDASSETS(at market value)
investment property		87,500		87,500	33,000
Investments —Shareholdings		7,064,928	1,633,586	8,698,514	7,948,594
TOTAL FIXEDASSETS		7,152,428	1,633,586	8,786,014	7,981,594
CURRENT ASSETS
Debtors		402		402	402
Cash at Bank and in Hand		646,656	29,662	676,318	464,464
TOTAL CURRENT ASSETS		647,058	29,662	676,720	464,866
LIABILITIES
Creditors faliing due within one year	10	56,140		56,140	59,400
NET CURRENT ASSETS		590,918	29,662	620,580	405,466
TOTAL NET ASSETS		7,743,346	1,663,248	9,406,594	8,387,060

3. INVESTMENT INCOME	3. INVESTMENT INCOME			2021	2020 f
Dividends				210,658	190,103
Interest on Securities &	Cash Deposits			10,526	41,372
				221,184	231,475
4. COSTOF GENERATING FUNDS
Investment management	fees			44,575	40,801
S. ALLOCATION OFSUPPORT COSTS
		GRANT
		MAKING	GOVERNACE
		2021	2021	2021	2020
		f	f	E	E
Secretarial Costs and Expenses		5,919	11,837	17,756	18,285
ITSoftware and consumables		910		910	435
Subscriptions Trustees' Expenses		210	960	960 210	360 211
General expenses		1,429		1,429	1,008
Legal expenses PO Boxnumber		360	2,347	2,347 360	353
Audit and accountancy	Fees	3,293	8,640	11,933	12,554
		12,121	23,784	35,905	33,206

8. INVESTMENTS
SHAREHOLDINGS			2021	2020 f
MOVEMENT IN FIXEDASSETUSTED INVESTMENTS
Market Value at 3rd December			7,948,594	8,108,576
Additions at Cost			1,996,867	1,854,045
Disposals at cost Realised Gains			(1,734,489)	(2,235,890j 115,812
Reva luations			487,542	106,051
MARKET VALUE AT 2nd	DECEMBER		8,698,514	7,948,594
HISTORICAL COST AT 2nd DECEMBER			6,202,776	5,937,618
BASIS OF VALUATION.	Stock Exchange	Official List for listed securities. There are no unlisted securities
held.
INVESTMENTS AT FAIR	VALUE COMPRISED		2021 f	2020 f
Bonds &Fixed Interest	Securities		46,499	885,071
UK Equities Overseas Equities Global Investments			3,071,143 4,301,768 685,153	2,515,128 3,115,109 515,190
Property Other			52,679 541,272	567,645 350,451
			8.698,514	7,948,594
9. DEBTORS			2021 f	2020f
Rochford Estates-apportionments Subscription prepayment			222 180	222 180
				402
10. CREDITORS
AMOUNTS FALUNG DUE WITHIN ONE YEAR			2021 f	2020 f
Audit Fee			8,640	8,400
Grants Payable			47,500	51,000
			56,140	59,400

12.	RECONCIUATION	OF NET MOVEMENT	OF NET MOVEMENT	OF NET MOVEMENT	IN	FUNDS TO NET CASH FLOW FROM	FUNDS TO NET CASH FLOW FROM	OPERATING
	ACTIVITIES
							2021	2020
							f	E
	Net movement in	funds					1,019,534	147,622
	Deduct total income						(224,120)	(234,666)
	Deduct realised gains on investments						(678,576)	(115,812)
	Deduct unrealised	gains on investments					(487,543)	(106,051)
	Deduct unrealised	gain on	Investment		property		(54,500)
	Deduct/add increase/decrease			in debtors				(180)
	Deduct decrease	in creditors					(3,260)	(71,836)
	Net cash used in operating		activities				(428,465)	(380,923)
13.	FINANCIAL INSTRUMENTS
							2021f	2020 E
	FINANQAL ASSETS
	Financial assets measured at		fair	value through		income and
	expenditure						8,698,514	7,948,594