| ~Aointed | ||
|---|---|---|
| Sir Alan Reid GCVO | ||
| Nathan Thompson |
CVO | |
| Kathryn Matthews |
||
| Hugh Bullock | ||
| Sir Michael Stevens | KCVO | |
| Lord Downshii'e | ||
| Marcus Rose | ||
| Chdis Adcock, CVO | 08Sep 20 |
| Advisors | ||||||||
|---|---|---|---|---|---|---|---|---|
| Bankers: | Coutts &Co. | Solicitors: | Farrer &Co. | LLP | ||||
| 440 Strand | 66 Lincoln's | Inn Fields | ||||||
| London | London | |||||||
| WC2R OQS | WC2A 3LH | |||||||
| Investment | manager: | Newton Investment 160Queen Victoria |
Management Street |
Ltd | Auditors: | Saffery Champness 71 Queen Victoria |
LLP Street |
|
| London | London | |||||||
| EC4V 4LA | EC4V4BE |
| FOR THE YEAR | TO 31st MARCH | 2021 | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Expendable | Total | Total | |||
| Fund | Endowment | |||||
| Fund | 2021 | 2020 | ||||
| Notes | F | |||||
| Income and endowments | from: | |||||
| Donations | 2 | |||||
| Investments | 3 | 467,515 | 467,515 | 624,644 | ||
| Total | 467,515 | 467,515 | 624,644 | |||
| Expenditure on: Charitable activities |
4 | 360,481 | 360,481 | 358,051 | ||
| Total | 360,481 | 360,481 | 358051 | |||
| Net gains/(losses) on investments Net income/(expenditure) |
107,034 | 4,126,073 | 4,233,107 | (1,817,681) | ||
| Transfer between funds |
||||||
| Net movement in funds |
107,034 | 4,126,073 | 4,233,107 | 1,817,681 | ||
| Reconciliation offunds: Total funds brought forward |
543,900 | 19,321,370 | 19,865,270 | 21,682 951 | ||
| Total funds carried forward | 650,934 | 23,447,443 | 24,098,377 | 19,865,270 | ||
| STATEMENT OF FINANCIAL ACTIVITIES | ||||||
| FOR THE YEAR | TO 31st MARCH | 2020 | ||||
| Unrestricted | Expendable | Total | ||||
| Fund | Endowment | |||||
| Fund | 2020 | |||||
| Notes | F | F | ||||
| Income and endowments | from: | |||||
| Donations | ||||||
| Investments | 624,644 | 624,644 | ||||
| Total | 624,644 | 624,644 | ||||
| Expenditure on: Charitable activities |
358,051 | 358,051 | ||||
| Total | 358,051 | 358,051 | ||||
| Net gain on investments Net income/(expenditure) |
266,593 | 2,084,274 2,084,274 |
2,084,274 1,817,681 |
|||
| Transfer between funds | ||||||
| Net movement in funds |
266,593 | 2,084,274 | 1,817,681 | |||
| Reconciliation offunds: |
||||||
| Total funds brought forward | 277,307 | 21,405,644 | 21,682,951 | |||
| Total funds carried forward | 543,900 | 19,321,370 | 19,865,270 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Notes | |||||
| Fixed Assets | |||||
| Investments | 23,796,768 | 19,670,695 | |||
| Current Assets | |||||
| Debtors | 19 | 393 | |||
| Cash and deposits | 305,790 | 553,752 | |||
| 305,809 | 554,145 | ||||
| Creditors: | amounts | falling due within one year | |||
| Accruals | 11 | (4,200) | (9,570) | ||
| Other Creditors | 12 | 350000 | |||
| Net Current | Assets | 301,609 | 194,575 | ||
| Net Assets | 24,098,377 | 19,865270 | |||
| Capital Fund | |||||
| Expendable | Endowment | 13 | 23,947,443 | 19,821,370 | |
| Income Fund | |||||
| Unrestricted | General | Fund | 13 | 150,934 | 43,900 |
| 24,098,377 | 19,865,270 |
| Total | Total | ||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Notes | |||||
| Net cash oufflow from operating activities |
14 | 715,477 | 4,931 | ||
| Cash flows from investing Dividends |
activities | 467,350 | 623,409 | ||
| Interest | 165 | 1,235 | |||
| Purchase of investments | (500,000) | ||||
| Net cash inflow/(oufflow) | from investing | activities | 467,515 | 124,644 | |
| Change in cash and cash equivalents in the |
year | (247,962) | 119,713 | ||
| Cash and cash equivalents | at start ofyear | 553,752 | 434,039 | ||
| Cash and cash equivalents | at end ofyear | 305,790 | 553752 | ||
| r | |||||
| The notes on pages 11to 14form part ofthese accounts. |
| 8. | Reconciliation | ofmovement | of | investments | 2021. | 2020 | |
|---|---|---|---|---|---|---|---|
| F | |||||||
| Authorised unit |
trusts: | ||||||
| Market value at 1st April 2020 | 19,670,695 | 21,254,969 | |||||
| Additions | 500,000.00 | ||||||
| Disposals | |||||||
| Net realised gain/(loss) | |||||||
| Net unrealised | gain/(loss) | 4,126,073 | 2,084,274 | ||||
| Market value at 31st March 2021 | 23,796,768 | 19,670,695 | |||||
| All investments | are in authorised | unit trusts. | |||||
| 9. | Debtors | 2021 | 2020 | ||||
| F | |||||||
| Deposit interest | 393 | ||||||
| 19 | 393 |
| Accrua | ls | 2021 | 2020 | ||
| Audit | 4,200 | 3,000 | |||
| Other | 6,570 | ||||
| 4,200 | 9,570 | ||||
| Other | Creditors | 2021 | 2020 | ||
| F | |||||
| Donations | 350000 | ||||
| 350,000 | |||||
| Net assets by fund | |||||
| 2021 | 2020 | ||||
| Unrestricted | Unrestricted | ||||
| General | Expendable | General | Expendable | ||
| Fund | endowment | Fund | endowment | ||
| F | F | F | |||
| Investments Current assets Current liabilities |
155,134 ~4.200 |
23,796,768 150,675 |
403,470 ~359570 |
19,670,695 150,675 |
|
| Net Assets | 150,934 | 23,947,443 | 43900 | 19,521,370 |
| econcaon onet income | expenditur | e) to net c |
ash ouNow from op | erating activities |
|
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| F | |||||
| Net income (expenditure) as per Adjusted for: |
statement | offinancial | activities | 4,233,107 | (1,817,681) |
| Net (gains)/losses on investments Investment income |
(4,126,073) | 2,084,274 | |||
| Decrease/(increase) in receivables (Decrease)/Increase in payables Net cash outflow from operating activities |
(467,515) 374 ~355.370 715,477 |
(624,644) 150 352,970 4,931 |
| Ssnehrnark | indioes | |
|---|---|---|
| FTSEGovt. | All Share | 50 |
| FTSEWorld | (ex UK | 25 |
| FTSEGovt. | All Stocks | 20 |
| 7-day cash |