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|CONTENTS||||
|---|---|---|---|
||||Page|
|Reference and Administrative||Information||
|Trustees'
Annual Report|||2 —6|
|Report ofthe Independent|Auditor||7 —10|
|Statement ofFinancial Activities||||
|Balance Sheet|||12|
|Cash Flow Statement|||13|
|Notes to the Financial Statements|||14 —20|
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||||Unrestricted||||
|---|---|---|---|---|---|---|
||||Expendable|Unrestricted|||
||||Endowment|income|Total||
|||NOTE|2021|2021|2021|2020|
|||||E||6|
|INCOME|||||||
|Investment
income||||637,696|637,696|873,568|
|Other income||||78,654|78,654|66,000|
|TOTAL INCOME||||716,350|716,350|939,568|
|EXPENDITURE|||||||
|Costs ofgenerating|funds|||156,324|156,324|120,523|
|Charitable
activities||||631,395|631,395|767,873|
|TOTAL EXPENDITURE||||787,719|787,719|888,396|
|Gains /(losses) on investments|||||||
|Gains/(Losses)
on revaluation||9|3,400,351||3,400,351|(2,494,072)|
|Realised Gains on disposal||9|230,532||230,532|47,787|
|Unrealised
gains on|revaluation|13||||260,998|
|of Investment
property|||||||
|NET INCOME/(EXPENDITURE)|||3,630,883|(71,369)|3,559,514|(2,134,115)|
|(Losses)/Gains
on foreign exchange|||(15,451)||(15,451)|4,854|
|NET MOVEMENT|IN FUNDS||3,615,432|(71,369)|3,544,063|(2,129,261)|
|RECONCILIATION|OF FUNDS||||||
|Total funds brought|forward||29,048,451|237,147|29,285,598|31,414,859|
|BALANCE CARRIED FORWARD|||32,663,883|165,778|32,829,661|29,285,598|
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||NOTE|2021|2020|
|---|---|---|---|
|||6||
|FIXEDASSETS||||
|Investment
Property||5,195,000|5,130,000|
|Investments||26,759,023|21,794,278|
|||31,954,023|26,924,278|
|CURRENT ASSETS||||
|Debtors|10|46,508||
|Cash at Bank||890,703|2,429,220|
|||937,211|2,429,220|
|LIABILITIES||||
|Creditors: falling due within one year||(61,573)|(67,900)'|
|NET CURRENT ASSETS||875,638|2,361,320|
|TOTAL ASSETSLESSCURRENT LIABILITIES||32,829,661|29,285,598|
|Representing:||||
|UNRESTRICTED FUNDS||||
|Expendable
Endowment|12|32,663,883|29,048,451|
|Income|12|165,778|237,147|
|||32,829,661|29,285,598|
||||Note|2021|2020|
|---|---|---|---|---|---|
|NET CASH ABSORBED BYOPERATING||ACTIVITIES||(856,005)|(967,057)|
|(see below)||||||
|Cash flows from investing
activities||||||
|Dividends
and interest from|investments||4|637,696|873,568|
|Other Incoming Resources|||4|78,654|66,000|
|Proceeds from the sale of investments|||9|3,090,333|8,391,343|
|Purchase ofinvestments|||9,13|(4,489,195)|(7,750,000)|
|Net cash provided
by investing|activities|||(617,512)|1,580,911|
|Change in cash in period ended 31March 2021||||(1,538,517)|613,854|
|Cash brought forward||||2,429,220|1,815,366|
|Cash at 31March 2021||||890,703|2,429,220|
|RECONCILIATION
OF NET|MOVEMENT
IN FUNDS|||||
|TO NET CASH FLOW FROM|OPERATING ACTIVITIES|||||
|Net movement
in funds for the|period ended 31March 2021|||3,544,063|(2,129,261)|
|(as per the Statement of Financial Activities,||page 11)||||
|Adjustments
for:||||||
|Dividends
and interest from|investments||4|(637,696)|(873,568)|
|Other Incoming Resources|||4|(78,654))|(66,000)|
|Realised loss on the sale ofinvestments|||9|(230,532)|(47,787)|
|Unrealised
loss in revaluing|investments||9|(3,400,351)|2,233,074|
|(Increase)/Decrease
in debtors|||10|(46,508)|27,428|
|(Decrease) in creditors|||11|(6,327)|(110,943)|
|Net cash provided
by operating|activities (see above)|||(856,005)|(967,057)|
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|||||2021|2020|
|---|---|---|---|---|---|
|||||6||
|Income from Investments||||637,615|872,973|
|Rent from|investment|property||78,654|66,000|
|Interest on|cash deposits|||81|595|
|||||716,350|939,568|
|COSTS OF|GENERATING||FUNDS|||
|||||2021|2020|
|Investment|Management||Fees|99,929|90,502|
|Custodian|Fees|||19,795|21,955|
|Investment|Property|Fees||36,600|8,066|
|||||156,324|120,523|
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||||6|
|---|---|---|---|
|Westminster
City School General Charitable||Trust|50,000|
|Fleming Wyfold Art Foundation|||25,000|
|Game &Wildlife Conservation|Trust||25,000|
|(The) Garden Museum|||25,000|
|Missing Salmon Alliance|||25,000|
|Grants above E2,000and below|f25,000||329,534|
|Grants f2,000and below|||96,000|
||||575,534|
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||||||2021|2020|2021|2020|
|---|---|---|---|---|---|---|---|---|
||||||No.|No.|||
|The prevention
or relief ofpoverty|||||16|10|55,500|46,000|
|The advancement
ofeducation|||||24|23|172,534|192,530|
|The advancement
ofreligion|||||4|5|32,000|58,000|
|The advancement
ofhealth or the saving|ofhves||||29|28|83,500|256,500|
|The advancement
ofcitizenship
or community||development|||4|7|5,000|40,000|
|The advancement
of the arts, culture, heritage.||or science|||12|7|104,000|40,000|
|The advancement
ofamateur sports|||||2|6|4,000|14,000|
|The advancement
ofhuman
rights, conflict resolution|||or the|||1||1,000|
|promotion ofreligious or racial harmony|or equality and||||||||
|diversity|||||||||
|The
advancement
of
environmental|protection|||or|||53,000|27,000|
|improvement|||||||||
|The relief of those in need by reason ofyouth,||age, ill-health,|||22||40,000|26,000|
|disability,
financial hardship
or other disadvantage|||||||||
|The advancement
ofanimal welfare|||||||25,000|11,000|
|The promotion
of the efhciency of the|armed|forces of the|||||1,000|2,000|
|Crown,
or of the efhciency
of the police, fire and|||rescue||||||
|services or ambulance
services|||||||||
||||||127|107|575,534|714,030|
|Reversal ofPrior Year Cancelled Grant||||||||(5,000)|
|Support and Governance
costs (see note|S)||||||55,861|58,843|
|Total|||||127|107|631,395|767,873|
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|||Unrestricted||Unrestricted|2021|2020|
|---|---|---|---|---|---|---|
|||Expendable||Income|Total|Total|
|||Endowment|||||
||||E||||
|Support /Administrative|Costs||||||
|Charity Administration|and Financial Reporting|||45,742|45,742|48,352|
|Governance
Costs|||||||
|Auditor's
remuneration:|current year|||10,000|10,000|10,000|
|Auditor's
remuneration:|prior year over accrual|||(220)|(220)|(520)|
|Legal and Professional|Fees|||||720|
|Bank charges||||339|339|291|
|To Charitable
activities||||(55,861)|(55,861)|(58,843)|
##
##
|ovement
i|n fixed asset inve|stments||||||
|---|---|---|---|---|---|---|---|
|||Unlisted|Securities|Listed Securities||Total||
|||2021|2020|2021|2020|2021|2020|
|||||6||||
|Market Value|brought forward|696,878|1,010,341|21,097,400|23,871,565|21,794,278|24,881,906|
|Add acquisitions
at cost||||4,424,195|7,750,000|4,424,195|7,750,000|
|Less disposal|proceeds|(110,923)|(384,073)|(2,979,410)|(8,007,270)|(3,090,333)|(8,391,343)|
|Realised (loss)/gains
on disposal||(15,689)|44,005|246,221|3,782|230,532|47,787|
|Net (loss)/gain|on revaluation|(92,191)|26,605|3,492,542|(2,520,677)|3,400,351|(2,494,072)|
|Market Value|at31March|478,075|696,878|26,280,948|21,097,400|26,759,023|21,794,278|
|Historicaf Cast|at 31March|831,467|966,705|24,252,172|22,675,432|25,083,639|23,642,137|
|Geographical|Analysis|||||||
|United Kingdom
Investments||20,247|152,530|24,344,664|19,448,145|24,364,911|19,600,675|
|Overseas Investments||457,828|544,348|1,936,284|1,649,255|2,394,112|2,193,603|
|||478,075|696,878|26,280,948|21,097,400|26,759,023|21,794,278|
|Investment||Holding|Value|
|---|---|---|---|
|Charities Property Fund||2,431,129|3,018,611|
|Artemis Income Fund||950,192|2,318,752|
|Rathbone Ethical Bond Fund||2,089,223|2,167,151|
|Bailie Gifford International|Fund|25,895|2,160,931|
|M&G Equity Investment|Fund for Charities|136,959|2,016,601|
|Royal London Ethical Bond Fund
CFTrojan INC "S"||1,661,041
1,003,775|1,978,300
1,765,743|
|Evenlode Global Income Fund||1,279,883|1,654,890|
|BNY Mellon Global Income Fund||884,564|1,643,344|
|Artemis GBI.SEL||1.072,869|1,427,967|
|Trojan Income Fund||495,054|1,413,135|
|Hermes||773,612|1,367,747|
##
|||2021|2020|
|---|---|---|---|
|||6||
|Rent|Due|45,654||
|Rent|Deposit|854||
|||46,508||
|11.|CREDITORS -amounts|falling due within one year|||
|---|---|---|---|---|
||Creditors falling due within one year||||
||||2021|2020|
|||||6|
||Accruals||53,793|67,900|
||Grants Creditors||7,780||
||||61,573|67,900|
||Unrestricted|||
|---|---|---|---|
||Expendable|Unrestricted|2021|
||Endowment|Income|Total|
|||6|6|
|Property|5,195,000||5,195,000|
|Investments|26,759,023||26,759,023|
|Cash at Bank|709,860|180,843|890,703|
|Debtors||46,508|46,508|
|Creditors||(61,573)|(61,573)|
||32,663,883|165,778|32,829,661|
||Unrestricted|||
||Expendable|Unrestricted|2020|
||Endowment|Income|Total|
||||6|
|Property|5,130,000||5,130,000|
|Investments|21,794,278||21,794,278|
|Cash at Bank|2,124,173|305,047|2,429,220|
|Debtors||||
|Creditors||(67,900)|(67,900)|
||29,048,451|237,147|29,285,598|
##
|Purchase|price|4,186,166|
|---|---|---|
|Additions|during 2013|4,200|
|Additions|during 2015|9,002|
|Additions|during 2021|65,000|
|Unrealised|gain 2014|669,634|
|Unrealised|gain 2020|260,998|
|||5,195,000|
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