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|||Page|
|---|---|---|
|General information|||
|Directors' report|||
|Independent<br>auditors'|report||
|Group statement offinancial activities||12|
|Group balance sheet||13|
|Company<br>balance sheet|||
|Group cash flow statement|||
|Notes to the financial statements||16|





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||||||Unrestricted|Endowment|2021|2020|
|---|---|---|---|---|---|---|---|---|
||||||fund|fund|Total|Total|
||||||||funds|funds|
|||||Notes|||f|E|
|Income|||||||||
|Investment<br>income||||2|1,693,544||1,693,544|1,716,949|
|Total income|||||1,693,544||1,693,544|1,716,949|
|Expenditure|||||||||
|Charitable<br>activities|||||||||
|Estate maintenance|||||844,149||844,149|953,243|
|Grant making|||||395,373||395,373|314,128|
|Total expenditure|||||1,239,522||1,239,522|1,267,371|
|Net (loss)/ gain on|investments|||||807,469|807,469|(103,091)|
|Net income<br>in the|year||||454,022|807,469|1,261,491|346,487|
|Transfer between|funds||||(828,355)|828,355|||
|Net gain on revaluation|||ofproperty|6|||||
|Net movements<br>in funds|||||(374,333)|1,635,824|1,261&491|346,487|
|Reconciliation<br>offunds|||||||||
|Total funds brought||forward||13|841,195|86,301,552|87,142,747|86,796,260|
|Total funds carried||forward||13|466,862|87,937,376|88,404,238|87,142,747|





## 

||||||2021||2020|
|---|---|---|---|---|---|---|---|
||||Notes||E||E|
|Fixed assets||||||||
|Land and buildings|||||83,686,380||82,997,401|
|Investments|||||4,778,736||3,971,267|
|Tangible assets|||||47,285||37,271|
||||||88,512,401||87,005,939|
|Current assets||||||||
|Stocks||||2,190||1,343||
|Debtors||||255,224||212,792||
|Cash at bank||||334,128||936,469||
|||||591,542||1,150,574||
|Current<br>liabilities||||||||
|Creditors; Amounts||falling due||||||
|within one year|||10|(315,378)||(486,424)||
|Net current|assets||||276,164||664,150|
|Total assets|less current||||88,788,565||87,670,089|
|liabilities||||||||
|Creditors: Amounts||falling due||||||
|After more than one||year|||(384,327)||(527,342)|
|Net assets|||||88,404,238||87,142,747|
|Represented|by:|||||||
|Endowment|fund||13|||||
|Revaluation|reserve|||64,979,224||64,171,755||
|General reserve||||22,958,152||22,129,797||
||||||87,937,376||86,301,442|
|Unrestricted|fund||||466,862||841,194|
|Totalfunds|||||88,404,238||87,142,747|





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||||||2021||2020|
|---|---|---|---|---|---|---|---|
||||Notes||E||f|
|Fixed assets||||||||
|Land and buildings|||||83p686,380||82,994,401|
|Investments|||||4,778,836||3,971,367|
|Tangible assets|||||47,285||37,271|
||||||88,512,501||87,006,039|
|Current assets||||||||
|Stocks||||2,190||1,343||
|Debtors||||274,935||251,729||
|Cash at bank||||179,533||756,634||
|||||456,658||1,009,706||
|Current<br>liabilities||||||||
|Creditors: Amounts||falling due||||||
|within one year|||10|(297,878)||(466,231)||
|Net current|assets||||158,780||543,475|
|Total assets|less current|||||||
|liabilities|||||88,671,281||87p549,514|
|Creditors: Amounts||falling due||||||
|after more than one||year|||(384,327)||(527,342)|
|Net assets|||||88,286,954||87,022,172|
|Represented|by:|||||||
|Endowment|fund|||||||
|Revaluation|reserve|||64,979,224||64,171,755||
|General reserve||||22,958,152||22,129,797||
||||||87,937,376||86,301,552|
|Unrestricted|fund||||349,578||720,620|
|Tota I funds|||||88,286,954||87,022,712|






## 

|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||||Total|Total|
|||||||Funds|funds|
||||||Notes|f|6|
|Cash used in operating<br>activities|||||20|(1,443,779)|(1,191,087)|
|Cash flows from investing||activities||||||
|Interest,|dividends<br>and rents from investments|||||1,693,544|1,716,949|
|Property|improvements|||||(688,979)|(497,401)|
|Purchase|offixed assets|||||(23,803)|(13,160)|
|Cash provided<br>by investing||activities||||980,762|1,206,388|
|Cash flows from financing||activities||||||
|Repayment<br>ofloan||||||(139,324)|(135,685)|
|Increase|in cash and cash|equivalents|in the year|||(602,341)|(120,384)|
|Cash and|cash equivalents|at the beginning||ofthe year||936,469|1,056,853|
|Cash and|cash equivalents|at the end|ofthe|year||334,128|936,469|
|Increase|in cash and cash|equivalents|in the year||21|(602,341)|(120,384)|





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|||||2021|2020|
|---|---|---|---|---|---|
|||||Group|Group|
|||||f|f|
|Estate income||||||
|Rent and other property|||income|1,512,811|1,543,304|
|Income from|woodlands|||33,943|21,111|
|||||1,546,754|1,564,415|
|Investment|income|||||
|Dividends||||142,995|143,446|
|interest||||1,133|5,218|
|Income from|royalties|||2,662|3,870|
|||||146,790|152,534|
|Total investment<br>income||||1,693,544|1,716,949|
|Estate maintenance||||||
|||||2021|2020|
|||||Group|Group|
|||||f|f|
|Repairs||||322,784|499,115|
|Insurance<br>and other||property costs||112,137|91,407|
|Estate maintenance||costs||69,855|61,710|
|Woodlands|costs|||111,893|98,369|
|Net cost ofyard||||15,780|12,171|
|Management|charge|||47,500|47,500|
|Support costs (Note||5)||134,200|141,971|
|||||844,149|953,243|





## 

||2021|2020|
|---|---|---|
||Group<br>f|Groupf|
|Grants to institutions|368,533|305,734|
|Cancelled grants||(20,000)|
||368,533|285,734|
|Support costs (Note 5)|26,840|28,394|
||395,373|314,128|



|Recovery<br>in Mind|15,000|15,000|
|---|---|---|
|Cancer Research|5,000|10,000|
|Pelican Cancer Care||25,000|
|West Berkshire Mencap|10,000||
|Brendoncare|25,000||
|Autism<br>Berkshire|7,000||
|Leckhampstead<br>PCC|7,000||
|Priors Court|10,000|10,000|





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|Current year|||Estate|||
|---|---|---|---|---|---|
||||expenditure|Donations|Total|
||||f|f|f|
|Office premises costs|||12,438|2,488|14,926|
|Staffcosts|||14,347|2,869|17,216|
|Estate office|running|costs|10,377|2,075|12,452|
|Legaland<br>financial costs|||87,163|17,433|104,596|
|Governance|costs||9,875|1,975|11,850|
||||134,200|26,840|161,040|



## 

|||||||
|---|---|---|---|---|---|
|Comparative|year||Estate|||
||||expendituref|Donationsf|Total<br>f|
|Office premises costs|||11,990|2,399|14,389|
|Staff costs|||11,667|2,333|14,000|
|Estate office|running|costs|8,992|1,798|10,790|
|Legal and financial costs|||99,322|19,864|119,186|
|Governance|costs||10,000|2,000|12,000|
||||141,971|28,394|170,365|





## 

|Land and buildings|Land and buildings|||
|---|---|---|---|
|||2021|2020|
|||Group and|Group and|
|||company|company|
|Freehold properties||||
|At valuation||||
|1April 2020||82,997,401|82,500,000|
|Additions||688,979|497,401|
|Revaluation|in the year|||
|31March 2021||83,686,380|82,997,401|





## 

|7.|Investments||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||2021|||2021||2020|2020|
|||||||Group<br>f||Companyf|||Group<br>f|Companyf|
||Market value||||||||||||
||1April 2020|||||3,971,267||3,097,367||4,074,358||4,074,458|
||Additions||||||||||||
||Disposals||||||||||||
||Net (loss)/gain|on revaluation||||807,469||807,469||(103,091)||(103,091)|
||31March 2021|||||4,778,736||4,778,836||3,971,267||3,971,367|
||Historical cost|at end ofyear||||2,508,389||2,508,489||2,508,389||2,508,489|
||COIF Charities|Investment||Fund||3,820,297||3,820,297||3,166,049||3,166,049|
||COIF Charities|Global Equity||||675,808||675,808|||516,206|516,206|
||Income Fund||||||||||||
||COIF Charities|Property|Fund|||282,480||282,480|||288,861|288,861|
||Investment<br>in|subsidiary|||||||100|||100|
||company||||||||||||
||Unquoted<br>investments||||||151||151||151|151|
|||||||4,778,736||4,778,836||3,971,267||3,971,367|
||All investment|assets including||||investment|properties|are|held in the UK.||||
||The following|investments||each||constituted|over 5percent||by value|ofthe portfolio||asat31March|
||2021:||||||||||||
|||||||||||Market value||Percent of|
|||||||||||||Portfolio|
|||||||||||||f|
||Holding||||||||||||
||COIF Charities|Investment||Fund||||||3,820,297||79,959o|
||COIF Charities|Global Equity|||Income Fund||||||675,808|14,14'Yo|
||COIF Charities|Property|Fund||||||||282,480|591%|
||||||||||||ZOZ1f|ZOZOf|
||Reconciliation|ofunrealised|||gains and losses on investments||||||||
||Unrealised<br>gains at beginning||||ofyear|||||1,456,790||1,559,881|
||Net gain/(loss)|on revaluation|||||||||807,469|(103,091)|
||Unrealised<br>gains at end|||ofyear||||||2,264,259||1,456,790|





|||||||Group and Company|Group and Company|
|---|---|---|---|---|---|---|---|
||||||Vehicles|Office|Total|
||||||plant and|Equipment||
||||||machinery|||
||||||E|||
||Cost or valuation|||||||
||1April 2020||||177,859|6,654|184,513|
||Additions||||23,803||23,803|
||Disposals|||||||
||31March|2021|||201,662|6,654|208,316|
||Depreciation|||||||
||1April 2020||||145,501|1,741|147,242|
||Charge for year||||12,715|983|13,696|
||Disposals|||||||
||31March|2021|||158,216|2,724|160,940|
||Net book|value||||||
||31March|2021|||43,446|3,930|47,376|
||31March|2020|||32,358|4,913|37,271|
|9.|Debtors|||||||
|||||2021|2021|2020|2020|
|||||Group|Company|Group|Company|
||||||E|E|E|
||Trade debtors|||168,939|168,625|134,171|134,149|
||Development||costs|43,164|43,164|43,164|43,164|
||Amounts|owed by EDL|||23,894||43,290|
||Prepayments||and accrued|32,305|28,436|27,254|22,952|
||income|||||||
||5undry debtors|||10,816|10,816|8,173|8,174|
|||||255,224|274,935|212,762|251,729|





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||||2021|2021|2020|2020|
|---|---|---|---|---|---|---|
||||Group<br>f|Companyf|Group<br>f|Companyf|
|Bank loans|||143,413|143,413|139,772|136,772|
|Trade creditors|||33,156|33,156|203,734|198,666|
|Rents received||in advance|10,004|7,629|6,463|6,463|
|Tenant deposits||refundable|101,204|87,929|113,576|100,301|
|Accrua Is|||22,642|20,792|22,638|20,788|
|HM Revenue|&|Customs|4,959|4,959|241|241|
||||315,378|297,878|486,424|466,231|



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|||Group|and|Company|
|---|---|---|---|---|
|||2021||2020|
|||f||f|
|Bank|loans|384,327||527,342|



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|Current year|Current year|||||Unrestricted|Unrestricted|Endowment|Endowment|Endowment|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||Fund|||Fund||Total|
||||||||E|||||E|
|Total funds|brought||forward||||841,195||86,301,552||87,142,747||
|Income|||||||1,693,544|||||1,693,544|
|Expenditure|||||||(1,239,522)||||(1,239,522)||
|(Loss)/Gain|on investments|||||||||807,469||807,469|
|Transfer between||funds|||||(828,355)|||828,355|||
|Gain on revaluation|||ofproperty||||||||||
|Total funds|carried||forward||||1,307,238||87,937,376||88,404,238||
|The<br>transfer|from||the|unrestricted|fund|to the|endowment|fund|represents||the|costs of|
|maintenance|which||have|been capitalised,||net of|repayments|on bank||loans attached||to the|
|properties.|||||||||||||



## 

|Comparative<br>year||||Unrestricted|Endowment||
|---|---|---|---|---|---|---|
|||||Fund|Fund|Total|
|||||E|E|E|
|Total funds brought||forward||1,024,702|85,771,558|86,796,260|
|Income||||1,716,949||1,716,949|
|Expenditure||||(1,267,371)||(1,267,371)|
|(Loss)/Gain<br>on investments|||||(103,091)|(103,091)|
|Transfer between|funds|||(633,085)|633,085||
|Gain on revaluation||of property|||||
|Total funds carried||forward||841,195|86,301,552|87,142,747|
|Analysis ofnet assets between|||funds||||
|Current year||||Unrestricted|Endowment||
|||||Fund|Fund|Total|
|||||E||E|
|Land and buildings|||||83,686,380|83,686,380|
|Investments|||||4,778,736|4,778,736|
|Tangible fixed assets||||47,285||47,285|
|Current assets<br>Current<br>liabilities||||591,542<br>(171,965)|(143,413)|591,542<br>(316,378)|
|Long term liabilities|||||(384,327)|(384,327)|
|||||466,862|87,937,376|88,404,238|





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|Comparative<br>year|Unrestricted||Endowment||
|---|---|---|---|---|
||Fund||Fund|Total|
|||f|f|f|
|Land and buildings|||82,997,401|82,997,401|
|Investments|||3,971,267|3,971,267|
|Tangible fixed assets|37,271|||37,271|
|Current assets|1,150,574|||1,150,574|
|Current<br>liabilities|(346,650)||(139,774)|(486,424)|
|Long term liabilities|||(527,342)|(527,342)|
||841,195||86,301,552|87,142,747|
|Staff costs|||||
|The group employed|3 full time and 1part-time (2020:3 full|time and 1part-time)<br>staff||during the|
|year at a cost off118,422.|||||
||||2021|2020|
||||f|f|
|Wages and salaries|||102,505|100,034|
|Social security costs|||5,297|6,042|
|Pension contributions|(Note 16)||10,620|10,885|
||||118,422|116,961|



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||||2021|2020|
|---|---|---|---|---|
||||f|f|
|Net movement<br>in funds|||1,261,509|346,468|
|Add back depreciation|||13,698|13,069|
|Less interest income,|dividends|and rents from investments|(1,693,544)|(1,716,949)|
|Losses/(gains)<br>on investments|||(807,469)|103,091|
|Decrease<br>in stock|||(847)|1,440|
|(Increase)/decrease|in debtors||(42,480)|29|
|Decrease<br>in creditors|||(174,646)|61,747|
||||(1,443,779)|(1,191,087)|





## 

||||||At 1April|Cash flows|Other non|At 31March|
|---|---|---|---|---|---|---|---|---|
||||||2020<br>f||cash changes<br>f|2021<br>f|
|Cash|||||936,469|(602,341)||334,128|
|Loans|falling|due|within|one|(139,772)|139,324|(143,015)|(143,413)|
|year|||||||||
|Loans|falling|due|after|one|(527,342)||143,015|(384,327)|
|year|||||||||
||||||269,355|(463,017)||(193,612)|



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||2021f|2020<br>f|
|---|---|---|
|Turnover|107,900|107,150|
|Property Costs|(41,712)|(33,966)|
||66,188|73,165|
|Overheads|(2,271)|(5,976)|
|Interest payable|||
|Profit before tax|63,917|67,208|
|Taxation||2,987|
|Profit after tax|63,917|70,175|
|Share capital||100|
|Profit and loss reserves|117,284|120,575|
|Capital and reserves|117,384|120,675|



## 



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|||||Unrestricted|Endowment|Endowment|2020|
|---|---|---|---|---|---|---|---|
|||||fund||fund|Total|
||||||||funds|
||||||||E|
|Income||||||||
|Investment<br>income|||||1,716,949||1,716,949|
|Total income||||1,716,949|||1,716,949|
|Expenditure||||||||
|Charitable<br>activities||||||||
|Estate maintenance|||||953,243||953,243|
|Grant making|||||314,128||314,128|
|Total expenditure||||1,267,371|||1,267,371|
|Net (loss)/ gain on|investments|||||(103,091)|(103,091)|
|Net income in the|year||||449,578|(103,091)|346,487|
|Transfer between|funds||||(633,085)|633,085||
|Net gain on revaluation|||ofproperty|||||
|Net movements<br>in||funds|||(183,507)|529,994|346,487|
|Reconciliation<br>offunds||||||||
|Total funds brought||forward||1,024,702||85,771,558|86,796,260|
|Total funds carried||forward|||841,195|86,301,552|87,142,747|