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|||~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|
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|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|||
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||||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|
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||||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|
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|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|
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||||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|
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|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|
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|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)|
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