|||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|||
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|||||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|
##
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|||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|
##
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|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. ..)|
##
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|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)|
##