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||||Page|
|---|---|---|---|
|Trustees'
report||||
|Independent
examiner's||report||
|Statement
ofhnancial|activities|||
|Balance sheet||||
|Notes to Ihe financial|statements|||
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|Settlor||Gillian Dickinson||||
|---|---|---|---|---|---|
|Charity number||1094362||||
|Principal address||C/o Womb(a Bond Dickinson||(UK) LLP,||
|||One Trinity||||
|||Broad Chare||||
|||Newcastle
upon Tyne||||
|||NE12HF||||
|Independent|examiner|Philip Holt FCAFCIE||||
|||High Park Farm||||
|||Kirkbymoorside||||
|||York||||
|||YO62 7HS||||
|||Lloyds Sank Pic||||
|||102Grey Street||||
|||Newcasfie
Upon Tyne||||
|||NE99 1SL||||
|Solicitors||Wamble Bond Dickinson|(UK)||LLP|
|||St Ann's Wharf||||
|||'l12 Quayside||||
|||Newcastle
Upon Tyne||||
|||NE1 3DX||||
|Investment|advisors|Investec Wealth 8 investment|||Limited|
|||Quayside
House, Canal|Wharf,|||
|||Leeds||||
|||Yorkshire||||
|||LS115PU||||
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|||||||2021|2D20|
|---|---|---|---|---|---|---|---|
||||||Notes|8|f|
|Income from:||||||||
|Income and endowments|||from:|||||
|Investments
income|||||2|43,299|53,800|
|Total income||||||43,298|53,800|
|Expenditure
on:||||||||
|Raising funds||||||||
|Investment
management||costs||||13207|13284|
|Charitable
activities||||||||
|Grants payable
Governance|||||3|15,200|108,493|
|Other||||||||
|costs|||||4|11,409|12,683|
|Total charitable
expenditure||||||39,816|134,460|
|Net income l(expenditure)|||for the year|||3,483|(80,660)|
|Other recognised|gains|and (Iosses):||||||
|Net gains/(losses)|on revaluation|||offixed assets||336,740|(223,704)|
|Net movement
in|funds|||||338,223|(304,364)|
|Fund balances at 6April 202D||||||1;191,227|1,495,591|
|Fund balances at|5April||2021|||1,530rk50|1,191,227|
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|||||||2021||2020|
|---|---|---|---|---|---|---|---|---|
|||||Notes|8|5||5|
|Fixed assets|||||||||
|Investments||||||1,663,375||1,340,270|
|Current assets|||||||||
|Debtors|||||3,459||5,850||
|Cash at bank and in hand|||||38479||33,351||
||||||41,938||39,201||
|Cmditorsr|amounts|fallmg|due within||||||
|one year||||8|(140,863)||(129,250)||
|Net cunant|liabiliges|||||(98,926)||(90,049)|
|Total assets less current liabilities||||||1,564,450||1,250,227|
|Creditors:|amounts|falling|due after||||||
|more than|one year|||||(34,000)||(59,000)|
|Net assets||||||1,830~0||1,191,227|
|Funds ofthe Chsdty|||||||||
|Designated|fund - investment||fund|10||1,663,375||1,340,276|
|Unreshicted|general funds|||||(132,925)||(149,049)|
|||||||1,530,450||1,191,227|
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|2|Investments|income|||
|---|---|---|---|---|
||||2021f|2020f|
||income from|listed investments|43,288|53.368|
||Interest receivable||33|431|
||||43,299|53,800|
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|Grants payable|||||
|---|---|---|---|---|
||||202'I|2020|
||||6|E|
|Grant to instiMions-
2|grants (2020:7grants)||15,200|105,493|
|Grants to insStutlons|from unrestrlcted|funds comprtse:|||
|The Samiing Foundation||||75,000|
|Northern
Citrines Marching Band|||2,700||
|Enter CIC||||1,450|
|Cheesebum
Sculpture||||2,000|
|Birtrheads
Wild||||10,000|
|Hexham Abbey Heritage||||3,888|
|National Youth Choir|||'I2,500|15.000|
|Baflilfgste Museum||||1,155|
||||15,200|108,493|
|Reconciliadon ofgrants payable:|||||
|Commitments
et 8April|2020||183,144|251,775|
|Commitments
made
in|the year||15,200|108,493|
|Grants paid during the year|||(27,700)|(255,040)|
|Commitmenls
at 5April|2021||170,644|183,144|
|Commibnents
at 6Aprl( 2021 are payable asfollows:|||||
|Within one year|||136,644|124,144|
|Alter more than one year|||34,000|59,000|
||||170,644|183,144|
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|Governance|cos|ts||||
|---|---|---|---|---|---|
|||||2021|2020|
|||||E|E|
|Other governance||costs|comprise;|||
|Administragon|fees|||$,340|10,561|
|Brokers fees||||425|248|
|Independent|Examination||fee|840|818|
|Website redesign||and running costs||804|1,058|
|||||f1,408|12,683|
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|Fixed asset invsstmenta|Fixed asset invsstmenta|Fixed asset invsstmenta|Fixed asset invsstmenta||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2021f|2020|
|Market value brought forvrsrd|||||||||1&$40,276|1,802,089|
|Acquisi8ons
at|cost||||||||225,806|207,822|
|Market value ofdlsposals|||||||||(241,339)|(247,275)|
|Net gains /(losses)|||on revaluation||during|the year|||3$5,741|(223,704)|
|Cash movements||during the year|||||||2,791|1,544|
|Market vsfue carried forward|||||||||1,663,375|1,340,278|
|Htatortcat cost:|||||||||||
|At 5April 2021|||||||||1,313,232|1,299,320|
|The valuation|of|investments||prepared||by investec|Wealth|& Investment|as at 5 April 2021|gives the|
|following
a8ocstion|||ofinvestments||by market value which are|||held:|||
||||||||||2021f|2020f|
|Fixed Interest|||||||||385,098|358,531|
|Equities|||||||||1,129i496|841,350|
|Hedge Funds|||||||||69.488|80,449|
|Property|||||||||57,064|80,508|
|Cash|||||||||22,231|19,440|
||||||||||1,663,375|1;340,278|
|These investments|||have the|foltowing||geographicat|spread:||||
||||||||||2021f|2020f|
|United Kingdom|||||||||720,399|605,804|
|Asia/Pacific|||||||||187,712|175,578|
|North America|||||||||335,815|383,320|
|Europe|||||||||132,$16|175,578|
|International|||||||||184,078||
|Other|||||||||12$,255||
||||||||||1,663,375|1,340,278|
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|7|Debtors|||||||2021||2020|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||E||E|
||Prepayments||and accrued income|||||3/58||5,850|
|||||||||3,459||5,850|
|8|Creditors:|amounts
faging due within ane|||year|||2021||2020|
|||||||||E|||
||Creditors|||||||||480|
||Grants payable|||||||'l38,644||124.144|
||Independent||Examination fee|||||640||816|
||Accrusls|||||||3,$79||3,810|
|||||||||140,863||129,250|
|9|Creditors: amounts
faglng due after more||||than|one year||2821||2020|
|||||||||E||E|
||Grants payable|||||||34,000||59,000|
|||||||||34,000||59,000|
|fg|Analysis ofnst assets between funds||||||||||
||||||||Net current|Long term|||
|||||||Investments|liebiliSes
E|liabigties
f||Total
f|
||Fund balances at5April 2021 are represented|||||by:|||||
||Unrestricted||Income Funds||||||||
||Designated||funds —investment|fund||1,683,$75||||1,683,375|
||Unrestrided||general funds||||(98,825)|(34,000)||(132,92S)|
|||||||1,88$,3'75|(98,928)|(34,000)||1.530.450|
||||||||Net current|Long term|||
|||||||investments|liabilities|liabilities||Total|
|||||||E|E||E|E|
||Fund balances at 5April 2020|||are represented|by:||||||
||Unrestricted||Income Funds||||||||
||Designated|funds - investment||fund||1,340,276||||1,340,276|
||Unreseicted||genera! funds||||(90,049)|(59,000)||(149,049)|
|||||||1,340,278|(90,049)|(59,000)||1,191,227|
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