2021-03-31-accounts

		Paces
Legs I &Administrative	information
Report ofthe Trustees		3-4
Trustees' responsibilities
Report ofthe Auditors		6-7
Statement ofFinancial	Activities
Balance sheet
Cash Flow Statement		10
Notes to the Financial Statements		11-15

Trustees:	Matthew Oakeshott	(Chairman)	(Chairman)
	Prof Pippa Oakeshott
	Lord Stoneham of Droxford
	Mrs Elaine Colville
	Joseph Oakeshott
	Leonard Ernest Baker
Principal Office:	15Queen Anne's Gate
	London
	SW1H 9BU
Charity Number:	1085500
Bankers:	Svenska Handelsbanken		AB (pub)
	5 Floor
	13Charles II Street
	London
	SW1Y4QU
Stockbrokers:	Rathbone Brothers Pic
	George House
	50George Square
	Glasgow
	G2 1EH
Property Valuers:	Fleurets
	20-22 Bedford Road
	London
	WC1R 4EB
Auditors:	Martin and Company	Audit Limited
	25StThomas Street
	Winchester
	SO239HJ
Accountants;	J P Thornton &Co Limited
	The Old Dairy
	Adstockfields
	Adstock
	Buckingham
	MK182JE

				Note	Unrestricted	Unrestricted	Endowment	Endowment			2021		2020
						Fund		Fund			Total		Total
											Funds		Funds
											f
INCOME AND ENDOWMENTS			FROM
Investments						742,917					742,917		702,168
Voluntary donations													4,729,142
Other Income									330		330
Reclaimable tax													522,500
Total					f	742,917	6	330		8	743,247	E	5,953,810
EXPENDITURE ON
Charitable activities				5		504,759					504,759		400,018
Total					f	504,759	K	-		K	504,759	E	400,018
Net Income						238,158			330		238,488		5,553,792
Net (Losses)/gains	on	investments						2,403,443			2,403,443		(4,467,886)
Revaluation (loss)/gain		on property
investment													473,235
Net movement in funds						238,158		2,403,773			2,641,931		1,559,141
RECONCILIATION	OF FUNDS
Total funds brought	forward					613,045		11,885,800			12,498,845		10,939,704
Total funds carried	forward				E	851,203	f	14,289,573		K	15,140,776	E	12,498,845

		Note		2021		2020
				f.		6
Cash generated from operating activities: Net cash provided by (used in) operations		16	~2563071		~2403,346
Cash flow from other sources:
Dividends, interest and rents from	investments			743,247		5,953,810
Proceeds from sale of investments				217,126
Proceeds from sale of property						2,873,235
			K	960,373	E	8,827,045
Application ofcash:
Purchase of property, plant and equipment Purchase of investments			~2,543,208		(2,069,784) ~4,939676
			~22,543,208		~27,000,460)
Net increase/(decrease) in cash				(2,145,906)		1,414,239
Cash at bank at beginning ofthe year				2,450,158		1,035,919
Cash at bank at year end				304,252	K	2,450,158

Investme	nt	Income
					Year ended		Year ended
						31.3.21	31.3.20
						6	E
Income from investments					645,931		428,327
Bank deposit interest						810	1,146
Rent from		investment	property			96,526	271,438
Insurance		recharge to tenant				10,539	1,257
Property	insurance				(10,889)
					K742,917		F702,168
Other income
Other income arises from				the refund ofa Land Registry fee.
Charitable		Activities
				Direct Costs	Support	Costs	Totals
				(see note 6)	(see	note 7)
				E		E
				f500,000		64,759	F504,759
Direct costs ofCharitable				Activities
					Year ended		Year ended
						31.3.21	31.3.20
						6	6
Grants made:
Oxfam					300,000		250,000
StMungo's						75,000	50,000
Emmaus	UK					50,000	50,000
Shelter						75,000	50,000
					8500,000		L400,000
							(Continued. ..)

Fixed Asset	Investments
		2021	2020
		E	E
Fair value at	1"April 2020	8,043,650	7,571,860
Addition		2,543,208	4,939,676
Disposals at	carrying value	(240,000)
Revaluations	in the year	2,426,317	(4,467,886)
Fair value at	31"March 2021	E12,773,175	F8,043,650

Property	I	nvestments
					2021f	2020 E
Valuation	at beginning		of	year	2,069,784	2,400,000
Investment		in year				2,069,784
Disposals		in year				(2,400,000)
Revaluation		gain(losses)		in year
					E2,069,784	F2,069,784

THE COLTSTAPLE	TRUST
						Page 14
NOTES TO THE ACCOUNTS			(Continued)
					2021	2020
					k	E
11. Cash at Bank
Workman LLP					4,816	79,787
Handelsbanken	account				13,047	2,350,957
DLA Piper LLP						2,891
					017,863	R2,433,635
12. Cash at Investment Managers
Monies held by	Investment		Manager	on deposit:
Cash					f286,389	F16,523
13. Debtors
HM Revenue &	Customs	- reclaimable		tax		522,500
Insurance paid	in advance				7,748
VAT paid in advance					3,218
					810,966	8522,500
14. Creditor: Amount Falling			due within	One Year
Insurance from HM Revenue 8	tenant in advance Customs - VAT				7,748 9,653	3,287 577,480
Fees re property	sale					6,480
					F17,401	F587,247
15. Fund				Unrestricted	Endowment	Total
				Fund	Fund	Funds
				E	E	E
Balance at 1"April 2020				613,045	11,885,800	12,498,845
Surplus/(Deficit)	ofincome		for year	238,158		238,158
Revaluation/(devaluation)			during the year		2,403,773	2,403,773
				2851,203	614,289,573	815,140,776

16.	Reconciliation ofnet income/(expenditure)	Reconciliation ofnet income/(expenditure)	Reconciliation ofnet income/(expenditure)	to net cash flow from	to net cash flow from	Operating Activities
					2021	2020
					E	E
	Net income/(expenditure) (as per Statement			of
	Financial Activities)				238,158	5,553,792
	Adjustments for:
	Dividends, interest,	rent from investment			(742,917)	(5,953,810)
	(Increase)/decrease	in debtors			511,534	(522,500)
	Increase/(decrease)	in creditors			(569,846)	519,172
	Net cash provided by/(used in) Operating		Activities		E(563,071)	E(403,346)