2021-04-05-accounts

		2021	2020
	Notes
Fixed Assets
Investments −Equities	8&9	5,505,206	4,228,464
−Freehold Property	10	462,350	462,350
−Leasehold Property	11	184,901	184,609
Office equipment	12	11	14
Total Fixed Assets		£6,152,468	£4,875,437
Current Assets
Secured loans	13	15,000	15,000
Short term deposits	14	1,397,797	1,391,318
Debtors	15	554	1,144
Cash at Bank and in hand		141,323	175,312
Total Current Assets		1,554,674	1,582,774
Liabilities:
Creditors falling due within one year	16	10,481	8,798
Net Current Assets		£1,544,193	£1,573,976
Net Assets		£7,696,661	£6,449,413
Total Funds		£7,696,661	£6,449,413

		2021	2020
	Notes
Incoming Resources
Investment income	4	112,678	132,256
Realised gains on investments	7	55,651	48,491
Rental Income	5	8,724	3,135
Total Incoming Resources		£177,053	£183,882
Resources expended
Charitable activities	6	80,056	100,460
Total resources expended		£80,056	£100,460
Net incoming resources before other
recognised gains		96,997	83,422
Other recognised gains and losses
Unrealised gains/(losses) on investment assets	8 & 10	1,150,251	−558,393
Net movement on funds		1,247,248	−474,971
Fund Balance brought forward 6 April 2020		£6,449,413	£6,924,384
Fund Balance carried forward at 5 April 2021		£7,696,661	£6,449,413

was £550 (2020 −£500).
			2021	2020
Note 4 −Investment Income
Interest received on short term deposits			1,478	5,947
Bank interest			146	986
Dividends			111,054	125,323
			£112,678	£132,256
Note 5 −Rental Income	Freehold
	1/3 share	Freehold	Leasehold
	8 Kinqscroft	10 Gables	5 Ryman Court	Total
Rent Received		6,000	2,724	8,724
Less expenditure:			458	458
Maintenance	645			645
Insurance			495	495
Rent			424	424
Service charge			2,472	2,472
Net Rental Income	−£645	£6,000	−£1,125	£4,230
Note 6 −Charitable Activities
Grants made			35,700	56,923
Support costs:
Property cost (see note 5)			4,494	1,227
Portfolio management fees			35,214	36,412
Office and administration			1,650	2,900
Depreciation of office equipment			3	3
Accountancy fees			2,395	2,395
Independent examination			600	600
Net Rental Income			£80,056	£100,460

Valuation at 5 April 2020	292,731	1,012,643
Cost in year of investments realised	2,182
Realisation proceeds	350,564	1,061,134
	£55,651	£48,491

Note 8 −Unrealised losses on Investment Assets	2021	2020
Value of investments held 5 April 2020	4,228,464	4,808,812
Value of investments realised in the year	−294,913	−1,012,643
Cost of investments made in the year	421,404	1,074,638
	£4,354,955	£4,870,807
Value of investments held 5 April 2021	£5,505,206	£4,228,464
Unrealised (losses)/gains during the year	£1,150,251	−£642,343
Note 9 −Investments at Cost
Portfolio managed by Smith & Williamson	£4,026,704	£3,891,368

Note 10 Freehold Property	1/3 share
	8 Kingscroft Rd
	Leatherhead	10 Gables
	Surrey	Leighton Buzzard	Total
VALUATION at 5 April 2020	120,000	£342,350	462,350.
Additions during the year			0
Unrealised gain in the year
COST at 5 April 2021	£120,000	£342,350	£462,350

Note 11 Leasehold Property	5 Rymans Court
	Didcot, Oxfordshire
Cost at 5 April 2020	£184,609
Expenditure during the year	292
COST at 5 April 2021	£184,901

Note 12 −Office Equipment	2021	2020
Cost att 5 April 2020	£4,307	£4,307
Cost at 5 April 2021	£4,307	£4,307
Depreciation at 5 April 2020	4,293	4,290
Charge for the year	3	3
Depreciation at 5 April 2021	£4,296	£4,293
Written down value 5 April 2021	£11	£14
Note 13 Secured Loans
The loans which are secured on freehold property are:
10 Stringwalk, Hailsham, East Sussex BH27 2DA	£15,000	£15,000
Note 14 −Short Term Deposits
Smith & Williamson	286,235	281,139
Barclays Wealth Saving	1,111,562	1,110,179
	£1,397,797	£1,391,318
Note 15— Sundry Debtors
Prepaid expenses	554	396
Other debtors		748
	£554	£1,144
Note 16 −Sundry Creditors
Accrued expenses	7,646	5,963
Funds to publish books	2,835	2,835
	£10,481	£8,798