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|Contents|||Page|
|---|---|---|---|
|Trustees'|Report||1 —4|
|Independent
Examiner's||Report||
|Statement|ofFinancial Activities|||
|Balance Sheet||||
|Notes to|Financial Statements||8-12|
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||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|
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||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||
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|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|
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|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|
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|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|
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|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|
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