## ||||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|