| Page | |||
|---|---|---|---|
| Statement ofthe Trustees' |
Responsibilities | ||
| Trustees' Report |
2-7 | ||
| Independent Examiner's |
Report | ||
| Statement of Financial | Activities | ||
| Balance Sheet | 10 | ||
| Notes to the Accounts | 11-15 |
| Reference and Administrative | Reference and Administrative | Reference and Administrative | Details | |||
|---|---|---|---|---|---|---|
| Charity registration | number | 1080021 | ||||
| Principal address | 9 New Square | |||||
| Lincoln's Inn |
||||||
| London WC2A | 3QN | |||||
| Trustees | Wilfrid Vernor-Miles | |||||
| John Crosfield | Vernor-Miles | |||||
| Independent | Examiners | Burgess Hodgson | LLP | |||
| Chartered Accountants |
||||||
| 27 New Dover | Road | |||||
| Canterbury | ||||||
| Kent | ||||||
| CT1 3DN | ||||||
| Solicitors | Hunters Law LLP |
|||||
| 9New Square | ||||||
| Lincoln's Inn |
||||||
| London WC2A | 3QN | |||||
| Bankers | Child &Co | |||||
| 1 Fleet Street | ||||||
| London EC4Y | 1BD | |||||
| Investment | managers | Quilter Cheviot | ||||
| Senator House | ||||||
| 85Queen Victoria | Street | |||||
| London EC4V | 4AB | |||||
| Pictet et Cie | ||||||
| Route des Acacias 60 | ||||||
| 1211Geneva | 73 | |||||
| Switzerland | ||||||
| Tilney | ||||||
| 17th Floor | ||||||
| 6 New Street Square | ||||||
| New Fetter Lane | ||||||
| London EC4A | 3BF |
| 2021 | 2020 | ||
|---|---|---|---|
| Notes | f'. | ||
| Incoming resources |
|||
| Incoming resources from |
|||
| generated funds - Investment Income |
86,485.22 | 83,361.73 | |
| -Tax Repayment | |||
| Donations Received |
7.1 | 54,445.47 | 46,994.95 |
| Total incoming resources |
140,930.69 | 130,356.68 | |
| Resources Expended | |||
| Investment Management cost |
8.1 | 46,497.04 | 43,190.82 |
| Charitable activities Governance costs Other resources expended |
8.2 8.3 8.4 |
170,616.89 69,463.96 2,281.30 |
145,352.66 47,691.53 2,154.49 |
| Total resources expended | 288,859.19 | 238,589.52 | |
| Net incoming/(outgoing) | |||
| resources before other | |||
| recognised gains/(losses) |
(147,928.50) | (108,232.84) | |
| Realised and Unrealised Gains Currency Exchange Gains/(Losses) |
830,654.08 (7,678.45) |
521,428.92 6,870.60 |
|
| Net movement in funds |
675,047.13 | 420,066.68 | |
| Total funds brought forward | 6,536,723.93 | 6,116,657.25 | |
| Total funds carried forward | 7,211,771.06 | 6,536,723.93 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Notes | f | |||
| Fixed assets | ||||
| Quoted stocks and shares | 3.1 | 7,094,773.13 | 6,249,009.64 | |
| Chattels | 3.3 | 48,189.00 | 61,791.00 | |
| Total fixed assets | 7,142,962.13 | 6,310,800.64 | ||
| Current assets | ||||
| Cash at bank | 3.4 | 104,383.93 | 246,181.09 | |
| Debtors | 4 | 175.00 | ||
| Total current assets | 104,383.93 | 246,356.09 | ||
| Creditors: amounts | falling due within one year | 5 | (35,575.00) | (20,432.80) |
| Net current assetsl | (liabilities) | 68,808.93 | 225,923.29 | |
| Net assets | 7,211,771.06 | 6,536,723.93 | ||
| Unrestricted Funds |
(Page 9) | 7,211,771.06 | 6,536,723.93 |
| There were no transactions with Trustees orconnecte |
d persons (2020 - NIL). |
|||
|---|---|---|---|---|
| Wilfrid Vernor-Miles is a Trustee of the Foundation |
and also a profit sharing | Member | of Hunters | Law LLP. |
| Provision is included in the accounts for Hunters to |
receive fees off57,189 plus | VAT for | legal, secretarial and |
|
| administration services. |
||||
| Analysis ofincoming Resources | 2021 | 2020 | ||
| Investment Income |
||||
| Interest on Bonds, Gilts &Loan Notes Dividends on UK Equities Foreign Savings Interest Dividends on European Equities Dividends on US Equities Interest on Bank Deposits |
2,366.55 51,570.14 790.03 22,604.98 9,150.57 2.95 |
3,916.73 48,401.30 5,736.71 18,822.22 6,417.40 67.37 |
||
| 86,485.22 | 83,361.73 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| 7.1 | Donations Received |
|||
| Kinnoull Foundation |
54445.42 | 46,994.95 | ||
| 8 | Analysis ofResources Expended | 2021 | 2020 | |
| 8.1 | Investment Management fees |
|||
| - Pictet - Quilter Cheviot -Tilney |
14,179.23 17,400.43 14,917.38 |
13,705.67 15,883.35 13,601.80 |
||
| 46,497.04 | 43,190.82 | |||
| 8.2 | Chaditable Activities |
|||
| 2021 | 2020 | |||
| 6 | 6 | |||
| Animals Asia Foundation |
3,000.00 | |||
| Belize Zoo Blue Marine Foundation Bon Coeur Association Brooke Hospital for Animals Campaign for National Parks Clearwater Marine Aquarium David Shepherd Wildlife Durrell Wildlife Conservation |
1,451.88 4,000.00 2,000.00 3,629.70 5,000.00 3,000.00 |
1,566.50 4,000.00 4,000.00 4,000.00 3,000.00 3,916.25 3,000.00 3,000.00 |
||
| Endangered Species Protection Agency Fauna &Flora International |
3,000.00 12,000.00 |
12,000.00 | ||
| Flori's Friends Rescue | 3,000.00 | |||
| Friends of Community Animal Services |
2,177.82 | 1,566.50 | ||
| Marine Conservation Society Mauritian Wildlife Foundation |
3,000.00 12,000.00 |
12,000.00 | ||
| Middlebury Institute of International Monterey County SPCA |
Studies | 7,259.39 39,926.68 |
5,978.53 19,581.23 |
|
| Peace of Mind Dog Rescue Pine Ridge Dog Sanctuary Reef Conservation |
6,533.46 2,000.00 2,000.00 |
7,049.24 2,000.00 2,000.00 |
||
| Royal Veterinary College San Francisco Zoo |
3,000.00 14,518.79 |
3,000.00 15,664.98 |
||
| The Shanti Project Ventana Wildlife Society Wildlife Conservation Society |
5,807.52 15,970.67 5.807.52 |
6,265.99 16,446.23 6,265.99 |
||
| Wildfowl &Wetlands Trust |
2,000.00 | |||
| Wonder Dog Rescue Worldwide Veterinary Service |
6,533.46 2,000.00 |
7,049.24 2000.00 |
||
| 170,616.89 | 145,352.68 |
| 8.3 | Governance Costs |
2021 f |
2020 f |
|
|---|---|---|---|---|
| Independent Examination Fees Legal, Secretarial and Administration Trustee Expenses |
Fees | 837.16 68,626.80 69,463.96 |
829.33 46,912.20 150.00 47,891.53 |
|
| 8.4 | Other Resources Expended | 2021 f |
2020 | |
| Bank Charges Deposit BoxCharges Foreign Custody Charges |
269.47 984.00 1,027.83 2,281.30 |
288.86 984.00 881.63 |