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|Page|||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Report||ofthe||trustees|||||||||||
|||Independent||||auditor's
report|||||||||||
|14||Consolidated||||statement offinancial|||activities||||||||
|||Balance sheets|||||||||||||||
|16||Consolidated||||statement ofcash||flows|||||||||
|17||Notes||forming|||part ofthe financial||statements||||||||
|Legal and||administrative|||information||||||||||||
|Patron|||||||HRH The Pnncess|Royal|||||||||
|Vice Patrons|||||||C Balding OBE|||||||P M Scudamore MBE|||
||||||||J Francome MBE|||||||L Dettori MBE|||
||||||||Rachel Lady Oaksey||||||||||
|President|||||||AP McCoy OBE||||||||||
|Vice Presidents|||||||J Berry MBE|||||||JBScott MBE|||
|Directors|and Trustees||||||W Norris QC (Chairman)|||||||S Durkin|||
||||||||G Henderson
(Vice-Chairman)|||||||EChamberlin|||
||||||||SWaley-Cohen|||||||M Caulfield|||
||||||||H Peplinski|||||||M Foy|||
||||||||D Burke|||||||A Thornton|||
||||||||G Baker|||||||C Fairley|||
|Chief Executive and|||Company||||L Hancock||||||||||
|Secretary|||||||||||||||||
|Head ofFinance|||||||L S Watson||||||||||
|Trading Manager|||||||P Taplin||||||||||
|Registered|and principal|||oflice|||Peter O'Sullevan|House,||7A Newmarket||Road,|Newmarket,
Suffolk, CB87NU||||
|Registered|Charity||Number||||1107395||||||||||
|Company|Number||||||5298320||||||||||
|Auditor|||||||RSM UK Audit LLP,||Blenheim||House,|Newmarket||Road Road, Bury St Edmunds,||IP333SB|
|Investment||Advisor|||||Schroder &Co Ltd (Tradmg as||||Cazenove Capital Management),||||I London Wall Pl,|London EC2Y 5AU|
|Bankers|||||||Barclays Bank Plc, 58||High Street, Newmarket,||||Suffolk, CB8 8GL||||
|Solicitors|||||||Farrer &Co, 66 Lincoln's|||Inn Fields, London,|||WC2A 3LH||||
||||||||Edmondson
Hall,|25 Exeter Road, Newmarket,|||||Suffolk, CB88AR||||
||||||||Hewitsons,
Shakespear||House.||42 Newmarket||Road, Cambridge,||CB5 8EP||
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||||||||||Total|
|---|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Non-Charitable||Total|2020|
||||Note|Funds|Funds|Trading|Funds|2021|(note 26)|
|||||5||5||||
|Income from:||||||||||
|Lrgacas, Iioininoisi and gl'ailis||||||||||
|Legacies||||1,356,647|42,097|||1,398,744|1,377,402|
|- Donations||||1,912,585|207,118|||2,119,703|1,528,079|
|—Grants|||||122,720|||122,720||
|Ciinriinhir
vcnvinrs||||||||||
|-Oaksey house mcome||||49,394||||49,394|117,199|
|-Jack Berry house income||||16,687||||16,687|41,G2G|
|- Peter O'Sullevsn
House||||33,415||||33,415|Itl,36tl|
|0(/Iri nod/ag
ncnvii/ri||||||||||
|-Conmiercial
trading operations||||||1,132,068||1,132,068|817,739|
|/III rsialrols|||3|868,661||||868,661|1,082,089|
|Total income||||4,237,389|37(935|1,132,068||5,741,392|4.982.502|
|Expenditure
on:||||||||||
|suisi iigfunds||||||||||
|- Fundraising
costs||||145,254|I2,433|||157,687|107,395|
|-Commercial
trading operations|||2|100,000||740,899||840,899|735,821|
|- Investment
costs||||134,936||||134,936|146,097|
|Ciraninhie
scii viiiri||||||||||
|-Oaksey House cost~||||765,058|93,787|||858,845|1,028,353|
|-Jack Berry House costs||||489,132|130,639|||619,771|747,612|
|~ Pctcr O'Suncvan
ilousc costs||||609,328|86,633|||695,961|475,290|
|Almoner
and other pastoral care|costs|||578,135|5,668|||583,803|521,273|
|—Grants and amounts
paid on behalf of||||||||||
|Benefimaries||||749.436||||749,436|1,054,521|
|~ Jockeys Eniployment
Training Scheme||||100.767||||100,767|103,297|
|-Grants to other chanues|||||||||2,117|
|Total expenditure|||5|3,672,046|329,160|740,899||4,742,105|4,921,776|
|Net (losses)/gains
on investments|for Ihe|year|12|4,056,714||||4,056,714|(3,971,291)|
|iVet (expenditure)/income||||4,522,057|~2475|391,169||5,056,001|(3,910,565)|
|Transl'er
in respect oftrading subsidiary's||donation,||||||||
|management
charge and mterest||||182,664||(182,664)||||
|Gains on financial
assets||||128,689||||I28,689|180,098|
|Transfers beiween
funds||||37,500|(37,500)|||||
|Net movement
in funds||||4,970,910|5,275|208,505||5,184,690|(3,730,467)|
|Reconciliation
offunds||||||||||
|Total funds brought
forward||||49,G83,391|93,293|130,047||49,90G,731|53,G37,198|
|Total funds carried forward|||19|54,654,301|98,568|338,552||55,091,421|49,90G,731|
||||||Note|20)1|( loup
020|( loup
020|Charit
)0)]||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||8|||||
|Fixed assets|||||||||||
|Intan
ible assets|||||10|245 426||2-19.310|245,426|219.3)0|
|Tan
ible assets|||||Il|16,331,047||1(h699.14!|16,331)047|16.6')9.2
I )|
|Investmcnts|||||12|32,423,313||2S.275.368|32,423,315|28 275 )70|
|Charitable
mort& age|ad(ances||||l3|3,395,101||3.197.111|3,395.104|3.197.111|
|Tots I f(xed assets||||||52.3')4.890||18.7) I )35|.2,391.892|48 7!I 007|
|Current
assets|||||||||||
|Stocks|||||)1|88,487||88.1)5|||
|Debtors
Cash at bank and in|hand||||15|')47,]34
2,073,939||l.057.51&
')9') 920|795,215
1,742,828|I.)86.211
)01.819|
|]otal current
assets||||||2,909,560||1.13S.s80|2,538,043|).2')I.090)|
|Creditors: amounts|falling||due ))ithin onc||||||||
|) (al'|||||16|(213.029)||(253.08-) i|(180,066)|(235.-113)|
|Net current assets||||||2 696,53]||I.I85.-)96|2,357.977|l.0)).677|
|Total assets less current||liabilities||||55,091,421||1')3)06.731|5-1,752,86')|49.776.684|
|Creditors: amounts|falling||due after one||||||||
|)&(tl'|||||)7||||||
|Net assets||||||55 091 421||1&).906.731|54,752,869|-19.776.684|
|Funds|||||||||||
|R(')II'l«I«rl /II II&I'&'||||||98,568||9)
93|')8,568|93293|
|C'nr «III IIIed limd(r|||||||||||
|Available
Income Fund||||||10.568,884||'I 180628|10,568,884|9.)80.6 8|
|Designated
Fund)||||||44.085,117||-10.502.763|44,085,4]7|10.502.763|
|3)on-(lrariiahfe
Ir(mliag firn(lx||||||338,552||130.047|||
|Total funds||||||55,091,421||-19.&)06.7.) I|54,752,869|49.77(i.olt1|
|A separate
Statement
o)'financial||||Acti(it( is not|presented|because the Charit)||has tal en ad) m)ta «ot'the exemptions||at'I'ord«d
b)|
|Section 108ofthe Companies
'|||Acr|and para
raph|39 ) ofthe SORP. I'he net mo) «ment
in funds||||for (h«Charit)
tbr tl)e )enr em)in||
|I hlarch 2021 («as 81.976.185.|||||||||||
|Th. tinancial
)(stem& nts on pa|||e)|)1to 37 ocr&|appro(«d|b) the
I ru tees|an&I|authorised
t'or '.)u«on 20 )ul) 202I.|||
|]VNorris —Chairntan||an&I|Trustee||DJ Burke frustee||||||
##
|||||||Note|Group|Group|
|---|---|---|---|---|---|---|---|---|
||||||||2021|2020|
||||||||8|f.|
|Net cash|(used in)/provided||by operating||||||
|activities||||||25|863,698|(378,021)|
|Cash Aows from investing|||activities||||||
|Dividends,|interest and rents||from investments||||868,661|1,082,089|
|Proceeds|from sale oftangible
fixed assets|||||||5,385|
|Purchase|oftangible
fixed assets||||||(90,809)|(2,517,811)|
|Proceeds|from sale ofinvestments||||||15,670,075|5,311,979|
|Purchase|ofinvestments||||||(16,135,016)|(6,342,857)|
|Net cash|(used in) investing||activities||||312,911|(2,461,215)|
|Cash flows from financing|||activities||||||
|Repayments offinance leases||||||||(3,928)|
|Repayments
ofcharitable||mortgage||advances|||230,699|225,319|
|Net cash|provided
by financing
activities||||||230,699|221,319|
|Change
in cash and cash equivalents|||||in the||||
|reporting|period||||||1,407,308|(2,617,917)|
|Cash and|cash equivalents||at the beginning||||||
|ofthe reporting
period|||||||2,036,223|4,654,140|
|Cash and|cash equivalents||at the end||ofthe||||
|reporting|period||||||3,443,531|2,036,223|
|Relating|to:||||||||
|Cash at bank and in hand|||||||2,073,939|292,920|
|Cash held|with investment|manager|||||1,369,592|1,743,303|
||||||||3,443,531|2,036,223|
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|||||||31 March|31 March|
|---|---|---|---|---|---|---|---|
|||||||2021f|2020
f|
|Turnover||||||1,131,885|816,888|
|Cost ofsales||||||(333,578)|(252,131)|
|Gross profit||||||798,307|564,757|
|Distribution
costs||||||(399,410)|(348,771)|
|Administrative|expenses|||||(107,911)|(134,919)|
|||||||290,986|81,067|
|Interest receivable||||||183|851|
|Profit on ordinary||activities||||291,169|81,918|
|Amount
payable|under gift aid donation|||||(82,664)|(105,260)|
|Shareholder's
funds||brought|forward|||130,047|153,389|
|Shareholder's|funds carried||forward|||338,552|130,047|
|Total assets||||||433,660|291,674|
|Total liabilities||||||(95,106)|(161,625)|
|Aggregate
capital and reserves||||||338,554|130,049|
|Summary||||||||
|Trading income||||||1,132,068|817,739|
|Trading costs||||||(740,899)|(610,821)|
|Net income from trading||||||391,169|206,918|
|Cost recharge
from||Charitable|Company|eliminated|on consolidation|(182,664)|(230,260)|
|Retained profit|for year|||||208,505|(23,342)|
##
##
|||2021|2020|
|---|---|---|---|
||||f|
|Interest receivable||615|4,438|
|Investment|income|782,957|1,036,194|
|Other income||85,089|41,457|
|||868,661|1,082,089|
##
|uring
t
550,971|e year grants
including
medical expenses
w
(2020:f664,671).|ere paid to (2020; )injured jo|ckeys amou|
|---|---|---|---|
|||2021|2020|
||||f|
|Other charities||||
|Northern|Racing College||1,680|
||||1,680|
|Support|costs||437|
||||2,117|
##
|||||Other|Total||||
|---|---|---|---|---|---|---|---|---|
|||||Direct|Direct|Support|Total|Total|
||||Grants
6|costs
5|costsf|costsf|2021|2020
f|
|Oak sey House costs||||698,890|698,890|159,955|$58,845|1,028,353|
|Jack Berry House costs||||504,342|504,342|115,429|619,771|747,612|
|Peter O'Sullevan
House||||566,336|566,336|129,625|695,961|475,290|
|Almoner
and other pastoral|care costs|||475,073|475,073|108,730|583,803|521,273|
|Grants and payments
for Benefiaaries|||550,971|52,622|603,593|145,$43|749,436|1.054,521|
|Jockeys Employment
Trammg||Scheme||82,000|82,000|18,767|100,767|103,297|
|Grants to other charities||||||||2,117|
|Fundraising
costs||||128,319|128,319|29,368|157,687|107,395|
|Commensal
tradmg operations||||742,385|742,3$5|98,514|840,899|735,$21|
|Investment
costs||||109,806|109,806|25,130|134,936|146,097|
||||550,971|3,359,773|3,910,744|831,361|4,742,105|4,921,776|
|Expenditure
includes:|||||||||
||||||||2021|2020|
|Auditor's
remuneration:-|||||||||
|Statutory
audit of||parent and|consolidated|accounts|||12,675|11,825|
|Statutory
audit of||subsidiary|||||6,650|6,450|
|Tax advisory
services||||||||2,034|
|Tax compliance|services||||||3,815|3,602|
|Other services|||||||||
|Depreciation|||||||448,879|392,268|
|Amortisation|||||||9,384|9,747|
|Loss on sale offixed assets|||||||4,825|6, 100|
|Operating
leases|-|land and buildings|||||25,000|21,227|
|Cost ofinventory||expensed|||||333,578|252,131|
##
##
|||Office|||||Depreciation|||
|---|---|---|---|---|---|---|---|---|---|
|||Staff||||Other|alttl|Total|Total|
|||Costs
8|IT
f|Legal
8|Property
8|central|amortisationf|2021
8|2020
8|
|Oaksey House costs||92,253|7,251|8,918|2,458|46,707|2,368|159,955|212,026|
|Jack Berry House||||||||||
|rosie||66,573|5,232|6,436|1,773|33,705|1,710|115,429|154,143|
|Peter O'Sullevan||||||||||
|House costs||74,757|5,876|7,230|1,992|37,847|1,923|129,625|97,997|
|Almoner
and|other|||||||||
|pastoral care|costs|62,709|4,929|6,062|1,671|31,749|1,610|108,730|107,476|
|Grants and||||||||||
|payments
for||||||||||
|Beneficianes||79,674|6,261|7,701|2,122|40,338|9,747|145,843|223,534|
|Jockeys||||||||||
|Employment||||||||||
|Training
Scheme||10,824|851|1,046|288|5,480|278|18,767|21,297|
|Grants to other||||||||||
|chanties|||||||||437|
|fundraising
costs||16,938|1,331|1,637|451|8,576|435|29,368|22,142|
|Commercial|tradmg|||||||||
|operations||92,457|4,057|||2,000||98,514|99,462|
|Investment
costs||14,494|1,139|1,401|386|7,338|372|25,130|30,122|
|||510,679|36,927|40,431|11,141|213,740|18,443|831,361|968,636|
##
|Employment
costs|||
|---|---|---|
||2021|2020|
|||f|
|Salaries and benefits|1,444,173|1,290,241|
|Social security costs|132,240|125,226|
|Other pension costs|81,117|87,059|
||1,657,530|1,502,526|
##
##
##
##
##
##
|Nature oftransaction|||||Transactions|in the|
|---|---|---|---|---|---|---|
||||||year||
||||||2021|2020|
||||||f|f|
|Provision ofstaff, insurance|and|computer||services|||
|via a cost recharge|||||100,000|125,000|
|The transfer under gift aid ofthe||trading|profits ofthe||||
|Injured Jockeys Company
Limited|||||82,664|105,260|
|Purchases
were made by the|Fund during|||the year for|||
|equipment,
postage and general||supplies|using the||||
|Funds credit facilities|||||1,768|1,960|
|Balance outstanding
at 31 March|||||62,143|143,954|
##
|10.|Intangible||fixed assets (group and charity)||||
|---|---|---|---|---|---|---|
|||||Software|Property|Total|
||||||Nomination|Intangible|
||||||rights|assets|
||Cost||||||
||At
1 April||2020 and 31March 2021|44,535|385,000|429,535|
||Additions|||5,500||5,500|
||Disposals|||(21,139)||(21,139)|
|||||2$,$96|385,000|413,896|
||Amortisati||on||||
||At
1 Apri!2020|||43,826|136,399|180,225|
||Provided|for year||1,683|7,701|9,384|
||Disposals|||(21,139)||(21,139)|
||At 31March 2021|||24,370|144,100|168,470|
||Net written||down value||||
||At 31March 2021|||4,526|240,900|245,426|
||At 31 March 2020|||709|248,601|249,310|
##
##
##
||||Long||Total|Trading||
|---|---|---|---|---|---|---|---|
||||leasehold|Fixtures,|charity|subsidiary|Total group|
|||Freehold|property
and|tlttings and|tangible|office|tangible|
|||propertyf|improvements
f|equipment
f|assets
f|equipment
f|assets|
|Cost||||||||
|At
I April|2020|17,052,597|752,493|1,541,123|19,346,214|3,504|19,349,718|
|Additions||59,249||26,060|85,309||85,309|
|Disposals|||(8,065)|(187,340)|(195,405)|(3,504)|(198,909)|
|At 31March 2021||17,111,846|744,428|1,379,843|19,236,117||19,236,117|
|Depreciation||||||||
|At
I April|2020|1,504,046|4,032|1,138,923|2,647,001|3,274|2,650,275|
|Provided|for the year|300,424||148,455|448,879||448,879|
|Disposals|||(4,032)|(186,778)|(190,810)|(3,274)|(194,084)|
|At 31March 2021||1,804,470||1,100,600|2,905,070||2,905,070|
|Net untten dtnrn||||||||
|taine||||||||
|At 31March 2021||15,307,376|744,428|279,243|16,331,047||16,331,047|
|At 31 March 2020||15,548,551|748,461|402,201|16,699,213|230|16,699,443|
##
##
|12.|Investments|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||Listed|Shares in||Charity|Charity|
||||||||2021|Subsidiary||2021|2020|
|||||||||undertaking|f|||
||Market value|||||||||||
||At I April 2020||||||26,532,065|||26,532,067|29,472,480|
||Additions||||||16,135,017|||16,135,017|6,342,857|
||Disposal proceeds||||||(15,670,075)|||(15,670,075)|(5,311,979)|
||Net unrealised||investment||(lossesygains||1,556,497|||1,556,497|(4,084,060)|
||Net realised|investment||gains|||2,500,217|||2,500,217|112,769|
||||||||31,053,721|||31,053,723|26,532,067|
||Cash on deposit with investment|||||manager|1,369,592|||1,369,592|1,743,303|
||At 31March 2021||||||32,423,313||2|32,423,315|28,275,370|
||Cost oflisted investments||||at 31|March||||||
||2021||||||20,042,658|||20,042,658|23,882,978|
|||||||||||2021|2020|
|||||||||||f||
||Investments|at|market|value comprised:||||||||
||Equities|||||||||22,849,494|14,940,671|
||Fixed interest|securities||||||||7,699,807|11,591,394|
||Commodities|||||||||504,420||
||Deposits|||||||||1,369,592|1,743,303|
|||||||||||32,423,313|28,275,368|
##
##
##
##
|Stocks||||||||
|---|---|---|---|---|---|---|---|
|||||Group||Charity||
|||||2021|2020
f|2021
f.|2020f|
|Goods for resale||||88,487|88,115|||
|There was no|material|difference between||the replacement|cost ofstocks and the amounts||stated above|
|Debtors||||||||
|||||Group||Charity||
|||||2021
8|2020
f|2021|2020f|
|Trade debtors||||2,445|732|||
|Other debtors||||91,291|56,550|87,683|42,024|
|Income tax recoverable||||25,000|23,660|25,000|23,660|
|Amount
owed|from trading||subsidiary|||62,143|143,954|
|Prepayments|and accrued income|||628,398|976,603|620,389|976,603|
|||||747,134|1,057,545|795,215|1,186,241|
##
##
|Creditors:|amounts|falling due within one yea|r||||
|---|---|---|---|---|---|---|
||||Group||Charity||
||||2021|2020|2021|2020|
||||f||f|f|
|Other creditors|||9,250|142,661|4,945|132,690|
|Taxation and social security|||37,910|33,862|37,910|33,862|
|Obligations|under finance leases (secured)|||778||778|
|Accruals and deferred||income|165,869|75,783|137,211|68,083|
||||213,029|253,084|180,066|235,413|
|Obligations|under finance leases are secured on||the assets to which they relate.||||
|Creditors:|amounts|falling due after one year|||||
||||Group||Charity||
||||2021|2020|2021|2020|
|||||||6|
|Obligations|under finance leases (secured)||||||
|Obligations|under finance leases are secured on||thc assets to which they relate.||||
|Obligations|under finance leases are due as follows:-||||||
||||||2021|2020|
||||||g|6|
|In one year|or less|||||778|
|In more than one year but less than two years|||||||
|||||||778|
##
##
|inancial|Instruments|||||||
|---|---|---|---|---|---|---|---|
|||||Group||Charity||
|||||2021|2020|2021|2020|
|||||||g|f|
|Carrying|Amount of|Financial Assets||||||
|Instruments|measured|at fair value through|SOFA|32,423,313|28,275,368|32,423,313|28,275,368|
##
##
##
||||||||In estmenl|Financial
Amet|||
|---|---|---|---|---|---|---|---|---|---|---|
|||||At I April 20
5|Inennl ~
8|Expenditure
5|Gains
5|Gains
5|Trans(eref|Total
5|
|Resirl credfi ndii|||||||||||
|Avuilable
Income Fund||||5,793|201,535|(202,6ll3)||||4,645|
|Chnical Scrviccs Fund||||50,000|170,4IIO|(126,477)||||93.923|
|Chanmble
Fixed Amati||||37,500||(37.500)|||||
|Balance at 3l blarch||2021||~3,295|371,'PM|(366.66ID||||98,568|
||||||||Invcslmcnt|Finsoclal Assct|||
|||||Al I April 28|lncoenc
5|Expendaure
5|Gains
2|Gainsf|Trans(eraf|Total
5|
|Vnmsrri rred fun de I|||||||||||
|Dcsignalcd
Funds|||||||||||
|Fixed Asscls||||16,948.523||(74$.)731|||176.323|16.576,413|
|IIF Peter O'Sugevan||House|||||||||
|Morlgagc Ad anccs||||3.497,114|||||(102.010)|3.395.104|
|Capital
Fund
R0E Hitchin Holuay|||Fund|19.057,126
1.000.000|||42)56.714||(30,700)|23,113,840
IJ100,000|
|Balance at 31starch||2021||40.502,763|30,700|(548J73)|~aph714||4)a13|44,085,417|
|Gcncral Funds||||9310.675|M38,151|(3,821,012)||128,689|(43SI3)|10,907,436|
|Total Unrcstnmcd|Funds|||J9,813,J38|Sd69,437|(4J75,445)|4056,714|128,689||54,992,853|
|Total Group (unde||||49.905 791|5.741a92|(R742,105)|4RS6,714|||SSP91,42I|
|Relating to Sub. Idiaiy||||130,047|1.132.068|(740.899)|||(182,664 i|338.552|
|Total Charity
Funds||||49,776,684|4,609,324|(4,001,206)|4056.714|1283u9|(182,664)|54,752,869|
|Represented
by:|||||||||||
|GROUF||||Restricted|Unrestricted|Designated||Total|||
|Fixed Assets||||||16.576.473||16,576.473|||
|1mestinenls|||||9.309,473|23,113.840||32,423.313|||
|Mortgage Advances||||||3,395.104||3,395,104|||
|Het Current
Assets||||98I68|1,597,963|1,000,000||2.696.531|||
||||||10,907,436|44,ui5,417||55,091,421|||
|CHARITY|||||||||||
|Fixed Assets||||||16,576,473||16,576,413|||
|Invesunenls|||||9,309,473|23,113,8JO||32,423,313|||
|Mongage
Advance.||||||3,395,104||3,395.104|||
|Hct Current
Assets|||||1.259,411|1.000,000||2,357.979|||
||||||10J68,884|44,0$5rs17||54,752,869|||
##
##
##
##
##
##
##
##
##
|25.|Reconciliation
ofnet income to net cash|Reconciliation
ofnet income to net cash|flow from operating|activities|||
|---|---|---|---|---|---|---|
||Group||||2021f|2020
f|
||Net (outgoings)/income
for the reporting||period||5,184,690|(3,730,467)|
||Depreciation
charge||||448,879|392,268|
||Amortisation
charge||||9,384|9,747|
||Net loss/(gain)
on investments||||(4,056,714)|3,971,291|
||Gains on financial
assets||||(128,689)|(180,098)|
||Dividends,
interest and rents from investments||||(86$,661)|(1,082,089)|
||Loss/(profit)
on sale|offixed assets|||4,825|6,100|
||Decrease/(increase)|in stock|||(372)|15,317|
||Decrease/(increase)|in debtors|||310,411|230,873|
||Decrease in creditors||||(40,055)|(10,963)|
||Net cash provided|by operating
activities|||863,69$|(378,021)|
|25b.|Analysis ofchanges|in net debt|||||
|||||1 April||31March|
|||||2020|Cash flow|2021|
||||||f.||
||Cash at bank and in|hand||2,036,223|i,407,308|3,443,431|
##
|Comparative|consolid|at|e|d
SO|FA by|fund|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Unrestricted|Restricted|Non-Charitable||Total|
|||||||||Funds|Funds|Trading|Funds|2020|
|Income from:|||||||||||||
|Lrgoclrsc dollellvlls|ollil g/allis||||||||||||
|-Legacies||||||||1,374,452|2,950|||1,377,402|
|- Oonauons||||||||1,019,739|508,340|||1,528,079|
|-Grants|||||||||||||
|Chorirohte
ocrncoes|||||||||||||
|~ Oakscy house income||||||||117,199||||117,199|
|-lack Berry house|niconie|||||||41,626||||41,626|
|- Peter O'Sullevan|tlouse|||||||18,368||||18,368|
|Other irodmg ocitrinec|||||||||||||
|-Coniniercial
trading operations||||||||||817,739||817,739|
|lllvrsilllrllfl'||||||||1,082,089||||1,082,089|
|Total income||||||||3,653,473|581,290|887.730||4,962,502|
|Expenditure
on:|||||||||||||
|Rossing firads|||||||||||||
|- Fundraismg
costs||||||||100,395|7.000|||107,395|
|- Commercial
trading operations||||||||125,000||610,821||735,621|
|- Investmeat
costs||||||||146,097||||146,097|
|Clierirehle
octr vnics|||||||||||||
|- Oaksey House costs||||||||992,820|35,533|||1,028J53|
|-lack Berry House|costs|||||||674,880|72,732|||747,612|
|- Peter O'Suacvan|House costs|||||||475,290||||475,290|
|- Almoner
and other pastoral||care||costs||||472,445|48,826|||521,273|
|-Grants and amounts
paid on||behalf of|||||||||||
|Benefimanes||||||||1,054,521||||1,054,521|
|Jockeys Employment
Training|||Scheme|||||103,297||||103,297|
|Grant» to otlier chantics||||||||2.117||||2,117|
|Total expenditure||||||||4,146,862||610,821||4,921,776|
|Net (losses)lgains|on investments|||for the|year|||(3,971,291)||||(3,971,291)|
|Net (expenditure)/income||||||||(4,464,680)|347,197|206,918||(3,910,565)|
|Transfer
in respect|oi'irading|subsidiary's|||donauon.|management|charge||||||
|and mtercat||||||||230,260||(230,260)|||
|Gains on linancial|ascetc|||||||180,098||||180,098|
|Transfers between|funds|||||||346,025|(346,025)||||
|Valet movement
in|funds|||||||(3,706,297)|1,172|(23,342)||(3,730,467)|
|Reconciliation
offunds|||||||||||||
|Total funds brought|forward|||||||53391diss|92,121|153,389||53,637.I96|
|Total funds carried forivard||||||||49,683J91|93,293|130,047||49,906,731|
##
##
##
|||||||In estment|Financial|||Al 31Starch|
|---|---|---|---|---|---|---|---|---|---|---|
||||At I April 19
8|Incomef|Expenditure
5|Gainsf|Amet Gains
5|Translcrs|5|2020
8|
|Restri
redfnadhr|||||||||||
|Available
Income Fund
I)FPeter O' Suacvan House|||54.(21|461.290
50,000|(16431931|||(346025)||5.793
50.000|
|Chantable
Fmnl Amets|||37,500|||||||37,500|
|Balance at 31 hlarch 2020|||92,1'l l|5IIR90|(166095)|||1346dn5)||93,293|
|||||||investment|Financial||||
||||At I April 19
5|genome
8|Expenditure|Losses|Amet Gainsf|Transfersf||Total
5|
|Unrcrrricred funds:|||||||||||
|Designated
Funds|||||||||||
|Fixed Amets|||15,209,444||13929681|||2,131,347||16.948,523|
|POSH|||4,671.236|||||(4,671.236)|||
|Mongages|||3,542,335|||||(45,221)||3,497, 114|
|Capital|||23.028,417|||13.971a911||||19.057,126|
|RR E Hilcl»n Holiday||Fund|1,000,000|||||(34,138)||1,000.000|
||||47,451,432|34,808|(392,28PI|(3,971,291)||(2,619.248)||40.50L763|
|General Fund|||6,093,64 5|4,437,112|14,365,4531||180,090|2,965273||9,310,675|
|Total Unrcstnctcd|Funds||53.545,077|J,471,212|(4,757,683)|(3.971,291)|180,098|346,025||49.813,438|
|Total Group Funds|||53.637,198|J,982,502|(4.92 1,776)|(3,97),291)|180,098|||49.906,731|
|Relating
to Subsidiary|||153,389|817,739|(610.821)|||(2)0RJPI||130.047|
|Total Chanity Funds|||53,483.1109|4R64,763|(4J10,955)|(3,971,291)|0gad)g|||49,776,684|
|Rcprmcnlcd
by:|||||||||||
|GROUP|||||||||||
||||Restricted|Unrestricted|Designated||Yeas)||||
|Fmnl Assets||||230|16,948,523||16,948,753||||
|Investment.||||'1,218,24|19,057, 1 6||28,275,368||||
|Morlgagc Advances|||||3,497,114||3,J97,114||||
|Nct Current Assets|||9)RM|92,203|1,000,000||1.185.496||||
|||||9A)0675|40,502,763||||||
|CHARITY|||||||||||
|Fmcd Assets|||||16,948,523||16.948.523||||
|In eslmenls||||9,218,244|19,057,126||28,275,370||||
|Mortgage Advances|||||3,497.114||3,497,114||||
|Na Current
Assets|||93.293|(37,616)|1,000,000||1,055.677||||
||||93,293|9,180,628|40,502,763||49,776,684||||