2021-03-31-accounts - The Estelle Trust

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Forthe year ended 31	March 2021
						2021	2020
				Unrestricted	Restricted	Total	Total
			Note				F
Income from:
Donations and legacies			3	500	8,500	9,000
Investment income							81,627
Total income				69,832	8,500	78,332	81,627
Expenditure on:
Raising funds				15,864		15,864	15,528
Charitable activities:
Charitable donations				103,070	873	103,943	124,638
Admin costs				2,988		2,988	1,089
Salary costs				28,222		28,222	63,090
Other
Total expenditure
Net income / (expenditure)	before net gains	/
(losses) on investments				(80,312)	7,627	(72,685)	(122,718)
Net gains / (losses) on investments				60,982
Net income / (expenditure)	for the year			(19,330)	7,627	(11,703)	(249,724)
Transfers between funds
Net Income / (expenditure)	before other
recognised gains and losses				(19,330)	7,627	(11,703)	(249,724)
Other gains / (losses)
Net movement in funds				(19,330)	7,627	(11,703)	(249,724)
Reconciliation offunds:
Total funds brought forward				2,025,136
Total funds carried forward			11	2 005,806	7,627	2,013,433	2,025,136

				Note	2021f	2021	2020	2020f
Fixed assets:
Investments						1,983,551		2,007,286
						1,983,551		2,007,286
Current assets:
Debtors				9	14,832		46,000
Cash at bank and		in hand		14	15,050		43,248
					29,882		89,248
Liabilities:
Creditors: amounts		falling	due within one year	10			71,398
Net current assets I (liabilities)								17,850
Total net assets	I(liabilities)					2,013,433		2,025,136
Funds				12
Restricted funds						7,627
Unrestricted funds:
Revaluation	reserve
General funds					2,005,806		2,025,136
Total unrestricted		funds						2,025,136
Total funds						2,013,433		2,025,136
Approved by the	trustees		on 14December 2021
and signed on their behalf			by:
G Omstein					N Farrow
Treasurer					Charrperson
Charity number:		1101299

					Note	2021	2021	2020	2020
						f	9	8
Net cash	provided by/(used in) operating			activities	13		(182,246)		(159,826)
Cash flows from Investing		activities:
Interest/rent/dividends from		investments				69,332		81,627
Proceeds	from sale offixed	assets
Purchase	offixed assets
Proceeds	from sale of investments					628,095		709,482
Purchase	ofinvestments					(543,379)		(662,756)
Cash provided by / (used		in) investing	activities				154,048		128,353
Change	In cash and cash	equivalents	in the year				(28,198)		(31,473)
Cash and	cash equivalents	at the beginning		ofthe year			43,248		74,721
Cash and cash equivalents		at the end	ofthe year		14		15,050		43,248

			Charitable	Charitable	scthxgfw	scthxgfw
		Cost of IBISfre fUffdS 6	Chentsble doff etio fls 5	Admffl costs 6		Saiflfi' costs	SUpport costs 5	Governance Costaf	2021 Total 6	2020 Total
Investment management fees Don&amity for CreaDve Arts		13,118							13,118	14,436
IGIB University of Brighton Queens College Cambridge			I,DDD 756						1,000 756	5,000
COIISOOIfwesgh EdUCBIfon TIUSt Shelly Power titenuy Agency Ltd Corporate Education Trust			3,340 1,569						3,340 1,569	2.000
Bane Tan dizo Foundaten The Mandarin Trust paDant House Gallery			80,645 873						90,645 873	7,900 105,146
DEC Malawi Floods										2,000
Brseldng Ground Heritage Historic Buildings & Monument Bank charges and Interest Exchange gain/ (loss) Travel end subsistence ConsUltsnoj fess Webshe cosh Ssisfif COsts	Commission		3,014		130 8 104	25,476	983 10,D01		3,014 130 8 983 10,D01 104 25,476	1,000 500 (2) 2,175 2,192 61,998
		13,116	101,197		242	25,476	10+84		151,017	204,345
Support costs		2,746	2,746	2,746		2,746	(10,984)
Governance casts
Total expenditure 2021		15,864	103,943	2,988		28222			151,017	204,345
Total expendnure 2020		15,528	124,638	1,089		63,090			204,345

Staff costs were as follows:					2021	2020
Salaries and wages Social security costs					25,476	61,998
The following number ofemployees	received employee	benefits (exduding	employer	pension)	during the year	between:
					2021	2020
660,000 —669,999					No.	No.
670,000 - 579,999 f80,000 —f89,999
690,000 —599,999

2021	2020
No.	No.

Investments
		2021	2020
Investments at fair	value:	f	f
Listed investments Unlisted investments		1,283,551 700,000	1,307,286 700,000
		1,983,551	2,007,286
Movements
Market value at the start ofthe year Additions at cost Disposals at carrying value Gains/ (Losses) on investment		1,307,286 543,379 (628,095) 60,982	1,481,018 662,756 (709,482) (127,006)
Market value at the	end ofthe year

9	Debtors
	Accrued interest		2021	2020f
	Other debtors —Bane Tandizo Prepayment	Foundation	10,320 4,512	13,427 4,512
				28,061
			14,832	46,000
10	Creditors: amounts falling due within one year
			2021	2020
	Taxation and social security		F	5
	Other creditors -Scolar Fine Art Limited			71,398

Fo	r the year ended 31 March 2021	r the year ended 31 March 2021
13	Reconciliation of net income / (expenditure)		to net cash flow from operating		activities
						2021	2020
	Net income /(expenditure) for the reporting (as per the statement offinancial activities)		period			(11,703)	6 (249,724)
	Depreciation
	Interest and dividends from investments (Gains) / losses on investments					(69,332)	(81,627)
	Loss / (profit) on the sale offixed assets					(60,982)	127,006
	(Increase) / decrease in stock
	(Increase) / decrease in debtors Increase / (decrease) in creditors					31,168 (71,398)	(26,879) 71,398
	Net cash provided by / (used in) operating	activities
14	Analysis ofcash and cash equivalents
				At 1 April		Other	At 31 March
				2020 6	Cash flows	changes	2021 f
	Cash at bank and in hand			43,248	(28,198)		15,050
	Total cash and cash equivalents						15,050