| Contents | Page | ||
|---|---|---|---|
| Trustees' | Report | 1 —4 | |
| Independent Examiner's |
Report | ||
| Statement | ofFinancial Activities | ||
| Balance Sheet | |||
| Notes to | Financial Statements | 8-12 |
| Notes | Unrestdicted Fund |
Expendable Endowment |
TOTAL 2021 6 |
TOTAL 2020 6 |
|||
|---|---|---|---|---|---|---|---|
| INCOME FROM | |||||||
| Investment income - dividends |
71,927 | 71,927 | 79,307 | ||||
| Total Incoming | 71,927 | 71,927 | 79,307 | ||||
| EXPENDITURE ON | |||||||
| Expenditure on raising funds |
47,637 | 47,637 | 49,615 | ||||
| Charitable Activities |
34,159 | 34,159 | 202,133 | ||||
| Total Expenditure | 34,159 | 47,637 | 81,796 | 251,748 | |||
| Net gains on investments Net income/(Expenditure) |
37,768 | 370,823 418,460 |
408,591 418,460 |
(35,585) 136,856 |
|||
| Exchange rate (loss)/gain | 10 | (4,064) | (4,064) | 4,717 | |||
| Net Movement in Funds |
37,768 | 366,759 | 404,527 | (30,868) | |||
| Reconciliation of Funds |
|||||||
| Fund Balances brought forward |
4,630,966 | 4,630,966 | 4,661,834 | ||||
| TOTAL FUNDS CARRIED FORWARD AT | |||||||
| 31 DECEMBER 2021 | F | 37,768 | F | 4,997,725 | 6 5,035,493 | 6 4,630,966 |
| Notes | 202'I | 2020 | ||||
|---|---|---|---|---|---|---|
| Fixed Assets | ||||||
| Investments | 4,661,595 | 4,416,525 | ||||
| Current Assets | ||||||
| Bank and cash | 376,934 | 216,373 | ||||
| Total Current Assets | 376,934 | 216,373 | ||||
| Less: Creditors | 5,038,529 | 4,632,898 | ||||
| Amounts falling due within one year |
||||||
| Accruals | 5 | 3,036 | 1,932 | |||
| 3,036 | 1,932 | |||||
| Total Net Assets | F5,035,493 | 84,630,966 | ||||
| Funds ofthe Trust | ||||||
| Capital Funds | ||||||
| Expendable Endowment |
4,997,725 | 4,630,966 | ||||
| Income Funds | ||||||
| Unrestricted Income Fund |
37,768 | |||||
| Total Funds | 55535493 | 64,630,966 |
| FO | R THE YEAR ENDED 31 DECE | R THE YEAR ENDED 31 DECE | MBE | R 202 | 1 | ||||
|---|---|---|---|---|---|---|---|---|---|
| 2. | Expenditure on Raising Funds |
2021 | 2020 | ||||||
| 6 | F | ||||||||
| Julius Bar investment management |
fees | 47,637 | 49,615 | ||||||
| 6 | 47,637 | 649,615 | |||||||
| 3. | Charitable Expenditure |
2021 | 2020 | ||||||
| 6 | F | ||||||||
| Grants paid to institutions | |||||||||
| Bella Vista Project | 5,000 | ||||||||
| Blue Marine Foundation (Environment) |
97,000 | ||||||||
| British Red Cross | 1,400 | ||||||||
| Chicester Festival Theatre | 10,500 | ||||||||
| Chestnut Tree House | 500 | ||||||||
| Child Bereavement UK |
50,000 | ||||||||
| Lorica Trust (Disablilities and |
Homelessness) | 1,000 | |||||||
| Petworth Youth Association |
2,000 | ||||||||
| Save the Children (Disablilities |
and | Homelessness) | 25,000 | ||||||
| Sylvia Beaufoy Centre | 11,425 | ||||||||
| Weizmann Institute ofScience |
10,000 | ||||||||
| Wild Touch Wildlife Centre (Environment) | 500 | ||||||||
| 22,825 | 191,500 | ||||||||
| Support Costs | |||||||||
| HSBC Private Bank (UK) Ltd | - | remittance | charges | 48 | 61 | ||||
| HSBC Private Bank (UK) Ltd | - | debit | interest | 42 | |||||
| BDBPitmans Administration |
fees | 9,270 | 8,598 | ||||||
| Governance costs | |||||||||
| MHA Maclntyre Hudson independent |
examination | fees | 2,016 | 1,932 | |||||
| Total Support costs | 11,334 | 10,633 | |||||||
| Total Charitable expenditure |
F | 34,159 | 6202,133 |
| 4. Investments | ||||||||
|---|---|---|---|---|---|---|---|---|
| Quoted investments were (All Listed) |
as follows: | 2021 5 |
2020 f |
|||||
| Fair value at 1 January 2020 | 4,416,525 | 4,286,263 | ||||||
| Add: acquisitions at cost |
1,142,882 | 1,803,052 | ||||||
| Less: disposals at carrying | value | (1,316,272) | (1,809,646) | |||||
| Net gain on revaluation | 418,460 | 136,856 | ||||||
| Market value at 31 December 2021 | 6 | 4,661,595 | F4,416,525 | |||||
| Historical cost 31 December 2021 | 6 | 3,703,830 | F 3,746,997 | |||||
| All investments are listed |
on a recognised | stock exchange. | ||||||
| 5. Liabilities -amounts falling due within |
one year | 2021 f |
2020 E |
|||||
| Accruals | ||||||||
| Independent examination |
fees | 2,016 | 1,932 | |||||
| BDBPitmans LLP fees |
1,020 | |||||||
| 6 | 3,036 | F 1,932 | ||||||
| 6.Analysis of Net Assets Between Funds | ||||||||
| Fund balances at 31 December 2021 are represented |
by: | |||||||
| Income Fund | Expendable | Total Funds | Total Funds | |||||
| (unrestricted) | Endowment | 2021 | 2020 | |||||
| 6 | F | 8 | F | |||||
| Investments | 4,661,595 | 4,661,595 | 4,416,525 | |||||
| Current Assets | 40,804 | 336,130 | 376,934 | 216,373 | ||||
| Creditors | (3,036) | (3,036) | (1,932) | |||||
| Total Net Assets | F | 37,768 | 64,997,725 | 6 | 5,035,493 | 6 4,630,966 |
| e summary of net assets between fu |
nds for 31 December 2020 | was as | follows: | |
|---|---|---|---|---|
| Income | Fund | Expendable | Total Funds | |
| (unrestricted) 6 |
Endowment f |
|||
| Investments | 4,416,525 | 4,416,525 | ||
| Current Assets | 1,932 | 214,441 | 216,373 | |
| Creditors | (1,932) | (1,932) | ||
| Total Net Assets | F4,630,966 | F 4,630,966 |
| 7.Fund rec | onciliation | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance | Income | Expenditure | Gains/ | Transfers | Balance | ||||||
| 01.01.21 f |
(Losses) 6 |
31.12.21 f |
|||||||||
| Unrestricted | Fund | 71,927 | (34,159) | 37,768 | |||||||
| Expendable | Endowment | 4,630,966 | (47,637) | 414,396 | 4,997,725 | ||||||
| Total Funds | 6 4,630,966 | 6 | 71,927 | 6 | (81,796) | 6 | 414,396 | 6 | E 5,035,493 | ||
| Balance | Income | Expenditure | Gains/ | Transfers | Balance | ||||||
| 01.01.20 6 |
(Losses) f |
31.12.20 | |||||||||
| Unrestricted | Fund | 64,960 | 79,307 | (202,133) | 4,717 | 53,149.00 | |||||
| Expendable | Endowment | 4,596,874 | (49,615) | 136,856 | (53,149.00) | 4,630,966 | |||||
| Total Funds | 6 4,661,834 | 6 | 79,307 | 6 | (251,748) | 6 | 141,573 | 6 | - | f 4,630,966 |