| ~Pa e | ||
|---|---|---|
| Legal &Administrative | information | |
| Report ofthe Trustees | 3-4 | |
| Trustees' responsibilities |
||
| Report ofthe Auditors | 6-7 | |
| Statement of Financial | Activities | |
| Balance sheet | ||
| Cash Flow Statement | 10 | |
| Notes to the Financial Statements | 11-15 |
| Trustees: | Matthew Oakeshott | (Chairman) | (Chairman) |
|---|---|---|---|
| Prof Pippa Oakeshott | |||
| Lord Stoneham ofDroxford | |||
| Mrs Elaine Colville | |||
| Joseph Oakeshott | |||
| Leonard Ernest Baker | |||
| Principal Oftice: | 15Queen Anne's Gate | ||
| London | |||
| SW1H 9BU | |||
| Charity Number. | 1085500 | ||
| Bankers: | Svenska Handelsbanken 5' Floor |
AB (pub) | |
| 13Charles II Street |
|||
| London | |||
| SW1Y4QU | |||
| Stockbrokers: | Rathbone Brothers Pic |
||
| George House | |||
| 50George Square | |||
| Glasgow | |||
| G2 1EH | |||
| Property Valuers: | Fleurets | ||
| 20-22 Bedford Road | |||
| London | |||
| WC1R4EB | |||
| Auditors: | Martin and Company | Audit Limited | |
| 25 StThomas Street | |||
| Winchester | |||
| SO23 9HJ | |||
| Accountants: | J P Thornton &Co Limited |
||
| The Old Dairy | |||
| Adstockfields | |||
| Adstock | |||
| Buckingham | |||
| MK182JE |
| Note | Unrestricted | Unrestricted | Endowment | Endowment | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | Fund | Total | Total | ||||||||
| Fundsf | Fundsf | ||||||||||
| INCOME AND ENDOWMENTS | FROM | ||||||||||
| Investments | 3 | 912,093 | 912,093 | 742,917 | |||||||
| Other Income | 4 | 330 | |||||||||
| Total | 2 | 912093 | . | 2 | 9121193 | ~2743 47 | |||||
| EXPENDITURE ON | |||||||||||
| Charitable activities |
750206 | 750 206 | 504 759 | ||||||||
| Total | 750206 | f | E | 750206 | E | 504 759 | |||||
| Net Income | 161,887 | 161,887 | 238,488 | ||||||||
| Net gains on Investments | 15 | 1,719,958 | 1,719,958 | 2,403,443 | |||||||
| Net movement In funds |
161.867 | 1,719.958 | 1.881.845 | 2.641,931 | |||||||
| RECONCILIATION | OF FUNDS | ||||||||||
| Total funds brought | forward | 851203 | 14289573 | 15 14D776 | 12498845 | ||||||
| Total funds carried | forvrard | E | 1D13D90 | 2 | 16009531 | 2 | 17D22 621 | E | 1514D776 |
| Note | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|
| 6 | 6 | ||||||
| Cash generated from operaling acgvities: Net cash provided by (used in) operations |
16 | ~2747 5191 | ~2563071 | ||||
| Cash flow from other sources: | |||||||
| Dividends, interest and rents |
from | investments | 912,093 | 743,247 | |||
| Proceeds from sais of mvestments | 717,500 | 217,126 | |||||
| 2 | 1 629593 | E | 980373 | ||||
| Appgcatlon ofcash: |
|||||||
| Purchase of investments | ~807841 | ~2543208 | |||||
| 607841 | ~22543208 | ||||||
| Net increasel(decrease) in |
cash | 76,092 | (2,145,906) | ||||
| Cash at bank at beginning | ofthe year | 304 252 | 2450 1S6 | ||||
| Cash at bank at year end | E | 380344 | 2 | 3D4 252 |
| Direct c | osts ofCharitable Activities |
||
|---|---|---|---|
| Year ended | Yearended | ||
| 31.3.22 | 31.3.21 | ||
| Grants | made: | ||
| Oxfam | 500,000 | 300,000 | |
| St Mungo's | 100.000 | 75,000 | |
| Emmaus | UK | 25,000 | 50,000 |
| Shelter | 125,000 | 75.000 | |
| f750,000 | f500,000 | ||
| Support | Costs | ||
| Yearended | Yearended | ||
| 31.3.22f | 31.3.21f | ||
| Management: | |||
| Bank charges and nominee fees | 75 | ||
| Sundry | expenses | 4,684 | |
| f206 | f4,759 |
| 2022f | 2021 | |||
|---|---|---|---|---|
| Fair value at | 1"April | 2021 | 12,773,175 | 8,043,650 |
| Addition | 807,841 | 2.543,208 | ||
| Disposals at | carrying | value | (456,125) | (240,000) |
| Revaluations | in the year | 1,458,584 | 2.426,317 | |
| Fair value at | 31"March 2022 | f14,583,475 | f12,773,175 |
| 10. | Property | Investments | Investments | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||||
| E | E | |||||||||
| Valuation | at beginning | of | year | 2,069,784 | 2,069,784 | |||||
| Investment | in year | |||||||||
| Disposals | in year | |||||||||
| Revaluation gain(losses) |
in | year | ||||||||
| E2,069.784 | E2,069,784 | |||||||||
| Investment | property | is stated at cost which | the trustees consider to be the current | open | ||||||
| market value. The |
trustees | have reviewed | the open market value of the | investment | ||||||
| properties in 2020. |
and they | deem | there to be no material | difference from their cost when purchased | ||||||
| 2022 | 2021 | |||||||||
| E | ||||||||||
| 11. | Cash at Bank | |||||||||
| Workman | LLP | 19.578 | 4,816 | |||||||
| Handelsbanken account |
116,573 | 13,047 | ||||||||
| 8136,151 | E17,863 | |||||||||
| 12. | Cash at Investment | Managers | ||||||||
| Monies held by Investment | Manager on deposit: | |||||||||
| Cash | E244,192 | E286,389 | ||||||||
| 13. | Debtors | |||||||||
| Insurance | paid in advance | 6,959 | 7,748 | |||||||
| VAT paid | in advance | 3,311 | 3,218 | |||||||
| E10,270 | E10,966 | |||||||||
| 14. | Creditor: | Amount | Falling | due within One | Year | |||||
| Insurance | from tenant | in | advance | 8,859 | 7,748 | |||||
| HM Revenue &Customs |
—VAT | 12,392 | 9,653 | |||||||
| E21,251 | E17,401 | |||||||||
| (Continued. ..) |
| 15. | Fund | Unrestricted | Endowment | Total | |
|---|---|---|---|---|---|
| Fundf | Fundf | Funds | |||
| Balance at 1"April 2021 | 851,203 | 14,289,573 | 15.140,776 | ||
| Surplus/(Deficit) ofincome |
for year | 161,887 | 161,887 | ||
| Revaluation/(devaluation) | during the | year | 1,719,958 | 1,719.958 | |
| Balance at 31"March 2022 | f1,013,090 | f16,009,531 | f17,022,621 |
| Reconciliation ofn |
et Income/(expenditur | e) | to net c | ash flow from Ope | rating Activitie |
|---|---|---|---|---|---|
| 2022f | 2021f | ||||
| Net income/(expenditure) (as per Statement |
of | ||||
| Financial Activities) | 161,887 | 238,158 | |||
| Adjustments for: |
|||||
| Dividends, interest, (Increase)/decrease |
rent from investment in debtors |
(912,093) 696 |
(742.917) 511.534 |
||
| Increase/(decrease) | in creditors | 3,850 | (569,846) | ||
| Net cash provided by/(used in) Operating |
Activities | f(745,660) | f(563,071) |