2021-12-31-accounts - The John Apthorp Charity

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			Page
Council Members' report			1-3
Independent	auditor's	report	4-5
Statement of	financial	activities
Balance sheet
Statement of	cash flows		10
Notes to the	financial	statements	11 —14

During the year grants	During the year grants	During the year grants	totalling	totalling	f252,654 (2020:	E286,989) were awarded to 26 organisations.	E286,989) were awarded to 26 organisations.	E286,989) were awarded to 26 organisations.	E286,989) were awarded to 26 organisations.	A grant of 6550
awarded to Luton		Shopmobility			was subsequently	refunded due to the charity being closed. Grants				awarded in
previous years refunded			were	f4,080 (2020; nil). Grants awarded are detailed below:
Recipient						Purpose
HFT (Home Farm Trust)						Towards	25tablets, cases and zoom	costs for
						adults with learning disabilities in Bedfordshire				5,525
Herts Inclusive Theatre						Towards	Augmentative and Alternative
						Communication Device for disabled		children
						and young people				3,200
Wheathampstead		United	Church			Towards	damp proofing at their NFP gym, The
						Chapel Gym				17,012
Bucks Search	and	Rescue				Towards	IT equipment for their new	control
						vehicle				1,684
Hatfield House Chamber			Music		Festival	Towards	music parts hire, piano hire and
						streaming	costs for their Education	and
						Outreach	Programme 2021			2,040
YMCA Milton	Keynes					Towards	a new dedicated employment support
						suite				10,000
Ellesborough	Guide Centre					Towards	refurbishment oftheir residential
						activity centre and a new extension				25,000
Ride High						Towards	new roofs for two oftheir	buildings		30,524
Luton Shopmobility						Towards	a manual wheelchair			550
The Recover	Team					Towards	a new low emissions van			5,000
Macintyre Care						Towards	an outdoor sofa for their	residential
						care home				750
Herts Disability Sports Foundation						Towards	a storage container for adapted
						bicycles				9,000
Edge Grove						Towards	two new trophy cabinets			5,000
Isabel Hospice						Towards	the replacement of fridges	and freezers		5,289
Link to Change						Towards	furniture and equipment for their		new
						premises				2,590
MAGPAS Air	Ambulance					Towards	a new patient ventilator			16,856
King's Arms	Project					Towards	Four new laptops and installation		costs	3,160
Viva Arts and	Community					Towards	an access road for their new centre			20,000
Enterprising	Youth	Education		( E.Y.E)		Towards	updating their kitchen			3,959

Achievements	Achievements
TOKKO		Covid Support	Grant	20,000
Kids in	Action	Covid Support	Grant	15,000
SPACE		Covid Support	Grant	16,140
Potton	Hall for All	Covid Support	Grant	10,000
Aspire		Covid Support	Grant	10,000
Ross Park Scout Group		Covid Support	Grant	4,375
The Crescent Support Group		Covid Support	Grant	10,000
Total				252,654

				2021	2020
			Notes	6	f
Income from:
Investments				381,229	360,944
Total income				381,229	360,944
~Edit *
Grants			3	(248,024)	(278,989)
Administration	fees			(1,020)	(1,020)
Audit services				(2,520)	(2,758)
Other services				(1,404)	(1,040)
Investment management				(230)	(230)
Total expenditure				(253,198)	(284,037)
Net gains/(losses)		on investments	4	1,836,285	(1,810,675)
Net movement		in funds		1,964,316	(1,733,768)
Fund balances	at	1January 2021		11,008,508	12,742,276
Fund balances	at 31December 2021			12,972,824	11,008,508

							2021	2020
						Notes	E	6
Fixed assets
Investments							12,496,518	10,682,016
Current assets
Debtors							2,100	39,937
Cash at bank and		in	hand				480,516	290,155
							482,616	330,092
Creditors:	amounts		falling due within
one year						6	(6,310)	(3,600)
Net current	assets						476,306	326,492
Total assets less		current			liabilities		12,972,824	11,008,508
Income funds
~dd'd	d
Designated	revaluation			reserve			5,261,216	3,639,248
General unrestricted			funds				7,711,608	7,369,260
							12,972,824	11,008,508
							12,972,824	11,008,508

					2021		2020
				Notes	f		f
Cash flows from operating			activities
Cash absorbed by operations				12		(212,651)		(286,129)
Investing	activities
Purchase	of investments				(1,885,724)		(471,322)
Proceeds	on disposal of investments				965,245		1,505,581
Dividends	and interest from		investments		381,229		360,944
Income re-invested					942,032		(1,034,259)
Charges	paid				230		230
Net cash	generated from	investing
activities						403,012		361,174
Net increase in cash and cash equivalents						190,361		75,045
Cash and	cash equivalents	at beginning		ofyear		290,155		215,110
Cash and cash equivalents			at end of	year		480,516		290,155
Relating	to:
Cash at bank and in hand						480,516		290,155

Investment inc	ome
		2021	2020
Listed investments:
Held within the	UK	380,674	360,181
Held outside the UK		555	763
		381,229	360,944
Grants payable
		2021	2020
			6
Grants awarded	in the year to instutions	252,654	286,989
Grants refunded	from institutions	(4,630)	(8,000)
		248,024	278,989

				2021	2020
				f	f
	Market value at 1January 2021			10,682,016	12,492,921
	Transfer (to)/from income account			(21,559)
	Charges paid			(230)	(230)
	Cash received			6
	Movement in realised	and unrealised	gain	1,836,285	(1,810,675)
	Market value at 31December 2021			12,496,518	10,682,016
	Historical cost at 31December 2021			6,702,831	5,972,236
	Held within the UK			12,465,186	10,661,308
	Held outside the UK			31,332	20,708
				12,496,518	10,682,016
	Individual holdings which comprised		more than 5%ofthe total market value were as follows:
				2021	2020
				f	f
	Persimmon 10p shares			1,428,000	1,383,500
	Severn Trent 97p shares			1,473,500	1,144,500
	GlaxoSmithKline 9.8p	shares (&5%in	2021)		671,000
	WH Smith 22.09p shares			740,000	755,000
	Experian 10cshares			1,089,600	833,100
	Diageo 28p shares			2,018,000	575,600
	Prudential 5p shares			637,250	673,500
	Legal 8r General 25p	shares (&5%in	2021)		532,400
	Compass Group 11.05p shares (&5%		in 2020)	825,500
5	Debtors
				2021f	2020f
	Prepayments and accrued income			2,100	39,937
6	Creditors: amounts	falling due within one year
				2021 f	2020f
	Other creditors			2,590
	Accruals			3,720	3,600
				6,310	3,600

		2021	2020
		6	E
Balance at 1January		3,639,248	5,222,793
Add: Movement in unrealised	gains	1,621,968	(1,583,545)
Balance at 31December		5,261,216	3,639,248

	nature we use our audit	nature we use our audit	ors to assist with the	ors to assist with the	preparation	ofthe accounts.
12	Cash generated from		operations				2021	2020
	Surplus/(deficit) for	the	year				1,964,316	(1,733,768)
	Adjustments for.
	Investment income	recognised		in statement	of financial	activities	(381,229)	(360,944)
	Fair value gains and	losses on		investments			(1,836,285)	1,810,675
	Movements in working		capital:
	Decrease/(increase)	in	debtors				37,837	(2,152)
	Increase in creditors						2,710	60
	Cash absorbed by	operations					(212,651)	(286,129)