2021-04-05-accounts

			Page
Reference and administrative		Information
Trustees' report			2 —5
Independent auditor's	report		6 —8
Statement offinancial	activities
Balance sheet			10
Notes to the accounts			11 —20

						Total Funds	Total Funds
						Restricted	Restricted
						2021	2020
					Notes	6
Income and	endowments		from:
Investment income						266,267	307,729
Total						266,267	307,729
Expenditure	on:
Raising funds						(107,338)	(76,628)
Charitable activities						(334,003)	(186,414)
Total						(441,341)	(263,042)
Net (expenditure)/Income			before other
recognised	gains/(losses)					(175,074)	44,687
Realised and	unrealised	gains/(losses)
on investment	assets and investment			property		669,652	(401,133)
Net income/(expenditure)			8 net movement			494,578	(356,446)
in funds for	the year
Reconciliation offunds
Total funds brought forward						7,613,016	7,969,462
Total funds	carried forward					8,107,594	7,613,016

					2021			2020f
			Notes
Fixed assets
Investment property					5,330,000			5,150,000
Investments					2,801,834			2,374,141
					8,131,834			7,524,141
Current assets
Debtors			7	31,235			13,396
Cash at bank	and	in hand		5,489			121,477
				36,724			134,873
Liabilities
Creditors due within one year			8	(60,964)			(45,998)
Net current	(liabilities)f assets				(24,240)			88,875
Net assets					8,107,594			7,613,016
The funds ofthe		charity
Restricted funds					8,107,594			7,613,016
Total charity	funds				8,107,594			7,613,016
The notes on	pages 11 to 20 form		part ofthese accounts.
Approved by	the Trustees on .......~.../. )I../. .+2-..............				and signed	by:
R E Beresford					F	oil@If
Trustee					Trust	e

			Total Funds	Total Funds
			Restricted	Restricted
			2021f	2020f
Rental	income	UK	196,951	211,262
Other	income	(investment)	69,316	96,467
			266,267	307,729

		Total Funds	Total Funds
		Restricted	Restricted
		2021	2020
		f	f
Rental expenses - repairs and service charges		57,435	30,104
Rental expenses - light	and heat	1,752	54
Rental expenses - council tax		660	316
Rental expenses - agents fees		26,550	23,986
Rental expenses - insurance		5,729	3,206
		92,126	57,666
Bank charges		63	30
Porffolio management	charges	15,149	18,932
		107,338	76,628

4.	Charitable activities	Charitable activities	Charitable activities
					Total	Total
					funds	funds
					2021	2020
	Grants paid				6	6
	The Royal Masonic	Hospital			13,250	6,000
	The Princess Louise		Scottish Hospital	(Erktne Hospital)	26,500	12,000
	StJohn's Ambulance		Brigade		13,250	6,000
	Guide Dogs For The		Blind		53,000	24,000
	Battersea Dogs Home				53,000	24,000
	People's Dispensary		For Sick Animals		39,750	18,000
	Royal National Lifeboat Institutions				66,250	30,000
					265,000	120,000
	Trust administration		fees		60,045	57,806
	Auditors remuneration		- audit of financial statements		4,500	4,500
		-other non-audit		services	4,458	4,108
	Legal &Professional
					334,003	186,414

Investment property
						2021	2020
						f	f
At 5Apl'll 2020						5,150,000	5,150,000
Revaluation						180,000
At 5 Ap(II 2021						5,330,000	5,150,000
The historic cost ofthese properties		was f3,836,240.
A third party valuation of all	but two	ofthe investment properties			was made by Carter Jonas LLP as at
February 2019, based on	the comparable		method having	regard		to sales evidence	available. Of
remaining two properties, one was purchased			in 2019and the	other		was valued in 2019	by a third party,
W White Limited.
In the year to 5 April 2021,	the valuation was		updated by Trustees based on Information				provided by lo
agents and the Trustees knowledge		ofthe area and properties.
Investment properties comprise:						2021 f	2020 f
Clarsndon Grange
Probate value						400,000	400,000
Improvements at cost						427,482	427,482
Revaluation as at October 2016						(77,482)	(77,482)
Revaluation as at May 2019						275,000	275,000
Subtotal at valuation						1,025,000	1,025,000
7Cedar Court, Cambridge			at valuation			335,000	310,000
8Cedar Court, Cambridge			at valuation			335,000	310,000
9St Paul's Walk, Cambridge			at va(uation			590,000	560,000
16Beaulands Close, Cambridge			at valuation			275,000	280,000
21 Cedar Court, Cambridge			at valuation			335,000	310,000
4 Garden Court, Cambridge			at valuation			325,000	310,000
8 Garden Court, Cambridge			at valuation			325,000	310,000
5Cedar Court, Cambridge			at valuation			335,000	310,000
86York Terrace, Cambridge			at valuation			265,000	265,000
3Cedar Court, Cambridge			at valuation			335,000	310,000
2 Salmons Lane, Middleton	Cheney		at valuation			850,000	850,000
						5,330,000	5,150,000

Investments
Movement In fixed asset investments			2021	2020
			Total	Total
Close Brothers Portfolio			8	f
Market value as at 6 April 2020			2,374,141	2,828,082
Additions at cost			98,967	211,329
Disposais at carrying	value		(39,396)	(376,759)
Revalutions			489,652	(401,133)
Cash movements			(121,530)	112,622
Market value at 5 April 2021			2,801,834	2,374,141
2021 Investments at	market value comprise			2021
		UK	Overseas	Total
Close Brothers portfolio		6	8	8
Capital account		182,627		182,627
Income account		28,940		28,940
Shares and unit trusts		1,139,303		1,139,303
Convertible loan stock		311,279		311,279
Foreign stock			1,139,685	1,139,685
Accrued interest
Total		1,662,149	1,139,685	2,801,834
2020 Investments at	market value comprise
				2020
		UK	Overseas	Total
Close Brothers portfolio		8	6	B
Capital account		312,820		312,820
Income account		20,275		20,275
Shares and unit trusts		900,489		900,489
Convertible loan stock		294,884		294,884
Foreign stock			845,591	845,591
Accrued Interest		82		82
Total		1,528,550	845,591	2,374,141

7.	Debtors
									2021	2020
									f	f
	Other debtors								23,802	6,442
	Prepayments								7,433	6,954
									31,235	13,396
8.	Creditors
									2021	2020
									f	f
	Accruals and		deferred	income					58,374	44,076
	VAT liability								2,590	1,922
									60,964	45,998
9.	Summary		offunds	—2021
					Fund				Investment	Fund
					B/fwd f	Income f	Expenditure	f	Gains	c/fwd f
	Restricted	fund:
	Income				392,814	266,267	(349,325)			309,756
	Capital				7,220,202		(108,380)		669,652	7,781,474
	Total				7,613,016	266,267	(457,705)		669,652	8,091,230
	Summary	of	funds —2020
					Fund				Investmsnt	Fund
					B/fwd F.	Income f	Expenditure	f	Losses f	c/fwd
	Restricted	fund:
	Income				284,919	307,729	(199,834)			392,814
	Capital				7,684,543		(63,208)		(401,133)	7,220,202
	Total				7,969,462	307,729	(263,042)		(401,133)	7,613,016

Analysis o	f net assets between funds
		Total Funds	Total Funds
		Restricted	Restricted
		2021	2020
		F.	6
Investment	property	5,330,000	5,150,000
Fixed asset investments		2,801,834	2,374,141
Current assets		36,724	134,873
Creditors due within one year		(60,964)	(45,998)
		8,107,594	7,613,016

Categorls	atlon o	ffinancial	i	nstrument	s
										2021f		2020 f
Financial	assets that are debt			instruments		measured		at	amortised
cost										29,291		127,919
Financial	assets measured		at	fair value	through		income		and
expenditure account										2,801,834		2,374,141
										2,831,125		2,502,060
Financial	liabilities	that are at		amortised		cost				58,374		44,076
										58,374		44,076
items of	income,	expense,	gains or losses
					Income			f	Expenditure f	Net gains f		Net losses f
2021
Financial	assets measured		at
amortised	cost								63
Financial	assets measured		at	fair
value through income and expenditure
account						69,316			15,149	489,652
Financial	liabilities	measured		at
amortlsed	cost
						69,316			15,212	489,652
						Income			Expenditure	Net gains f		Net losses f
2020
Financial	assets measured		at
amortised	cost								30
Flnandal	assets measured		at	fair
value through income and expenditure
account						96,467			18,932			401,133
Financial	liabilities	measured		at
amortlsed	cost
							96,467		18,962			401,133