2021-03-31-accounts - The 3 Ts Charitable Trust

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Trustees			Charles Sherwood
			Rosemary Sherwood
			Timothy Sherwood
			William Medlicott
			Tabitha Sherwood
			Tatiana Sherwood
Principal address			PO Box68
			Knebworth
			Hertfordshire
			SG36UZ
ndependent	Auditors		Gibson Booth Chartered	Accountants	&
			Statutory Auditors
			New Court, Abbey Road	North
			Shepley
			Huddersfield
			HD8 8BJ
ankers and	Investment	managers	Cazenove Capital Management
			Schroder &Co Limited
			12Moorgate
			London
			EC2R 6DA
li@ters			Crlpps LLP
			22 Mount Ephraim
			Tunbrldge Wells
			Kent
			TN4 8AS

				Unrestricted	Unrestricted	Expendable		Total	Total
					Income	endowment		this year	last year
			Note		Fund	Fund		31.03.21	31.3.20
									restated
income resources
Volunl83y Income
Donations						'I,379,280		1,379,280	1,306,445
Tax refund due on gift aid
Invesfmeni Income			1		182,003	5,657		167,660	200,730
Total Incoming recourses					182003	3843,2	,	1 846,839	i,507.176
Resources expended
Cost of genera gng funds
investment management costs						91,319		91,319	83,875
Cfrarf fettle ecVvides
Grant and donations paid out			3		1,540,090			1,540,090	549,600
Governance cost
Trust accounting/tax delms fees			4		8,579			8,579	8,870
Non-recoverable Income tax
Total msources expended					1648669	8131~		1 839987	642.345
Net incoming/(outgoing) resources before transfers				('l,386,866)		1,293,618		(93,049)	864,831
Gross transfers between funds			6		1,423,533	(1,423,633)
Net tnoomel(outgoing) reeouroes before other recognised gains end losses					36,667	(129,916)		(93,049)	864,831
Other recognised gains and	tosses
(Losses)/gains on investment	assets					2,147,603		2,147,803	(631,875)
Net movements In funds					36,887	2,017,688		2,054,554	232,956
Fund balance brought forward st 31 March 2020 (ss previously reported) Prior period ed)ustment					(50,000) 13,133	10,984,928		(60,000) 10,998,082	10,715,106
Fund balance carried forward at 31		March 2021				13002816		13002618	10.948,061
				10

				Un~	Etrfrsndstrta
				Inorane	Endowment	Total
				funit	Fund	title year 314.21	.	1 3.3'.J
							pro	toIK	3I'
Ftand assets
~snt	at rnerttat vatue				~13 tjr 214	13607 2'rlc	' 0 oo. i-',I
Consnt assets
ttebtora			7	74501		7,601	'	. '	2
Cash ai banlt				33330	9,580	12930	i,d 63
Crsdltom: aotounta faNn0 dos within one year			6	(1'1,160)	(3'14,180)	$25,3610)	I',.'v'	C'0	I
Net ounsnt	assets				~U~4KO	~UK K
Total cassia lass current lfabf56ea Creditors:~faWn9 due aller ons yaer			9		13,302,610 (300,000)	ll3,302,016 (X0,000)	10,973,061 lihU:ld',I,
tfet Assets					13 i	IUIU 631
Expendable loluasbioted	endowment lrtoams fund	fund				13,002,616	110 60'	':.Err
						IUUW. 16	*UI';	I',
Afrfrrorrsd by	ardor ofthe	beard oftluatsrm on.!UJ	.....-.rt....-,d.gq4 nd at9ned on 0behrdf J I
Raaarnary Ja	henaood	—Trustee

		Note	31.3.2'I	31.3.20
				restated
Net income/(deficit) for the year			(93,049)	864,830
Adjustments for
Interest and dividends			(167,660)	(200,730)
I3ecrease/(Increase) in debtors Increase in creditors			9,611 544,040	(11,361) 50,300
Cash flows from operating	activities		292,942	703,039
Cash flows from Investing	activities
Interest and dividends Proceeds from sale ofinvestments Purchase ofinvestments			167,660 7,995,934 (7,780,818)	200,730 3,143,342 (3,748,867)
Net cash used by Investing	activities		382,776	(404,795)
Change In cash and cash equivalents Cash and cash equivalents brought forward Cash and cash equivalents carried forward		12	675,718 559,786 1,235,484	298,244 261,523 559,766

							31.3.21f	31.03.20 f
1 Investment Income								(restated)
UK Income	Interest						19,974	7,226
	Dividends						43,149	77,408
Accumulated		Dividends		—Expendable	endowment		1,062	4,000
	Property						24,200	21,358
Overseas Income	Interest						38,722	47,057
	Excess reportable		income - Expendable			endowment	4,595	5,836
	Dividends						35,958	37,844
	Property
Investment income ls unrestricted		unless otherwise stated					161666	200,730
2 Raising Funds
Portfolio management							6 31
3 Grants made
The total grants paid	to Institutions	during the years was ee				follows:
Imperial College SCI								40,000
Medecins San Frontieres							140,000	40,000
Supporting Dalit Children							25,000	30,000
Marie Curie Cancer	Care						125,000	25,000
Mary's Meals							50,000	25,000
St Mungo's							75,000	75,000
Breast Cancer Now							20,000	20,500
Prostate Cancer UK							20,000	20,000
Youngminds							15,000	15,000
Fair Trials International							10,000	10,000
St Giles Trust							40,000	10,000
Unlock								10,000
Herdman Trust							10,000	10,000
Anne Robson Trust							15,000	20,000
Mind							100,000	25,000
Envision								1,000
Royal Botanic Gardens Kew							30,000	30,000
Unites Youth Zones Isabel Hospice							150,000 6,543	25,000 10,000
Lupus UK								100
Pancreatic Cancer Research Fund Seavlew Project The London Community Foundation							60,000	1,000 51,000 20,000
							Notes continued over
				15

		31.3.21	31.03.20
			8
Grants made....continued			(restated)
Herts Young Homeless		30,000	15,000
The Big Issue Foundation			10,000
National Trust			10,000
Macmlgan Cancer Support			1,000
Hertfordshire Community	Foundation	30,000
Big issue Foundation		50,000
Unites Youth Zones		25,000
Book Beyond Words		16,000
Unlock		10,000
Sidney Sussex College		50,000
Harvard Business School		21,000
Cerebral Palsy Alliance Reseach		547
APOPO		10,000
Footsteps Foundation		1,000
SCI Foundation		40,000
Himalayan Trust		45,000
Tottenham FC		45,000
Royal Marsden		60,000
Home Start Herts		90,000
Books Beyond Words		25,000
Kew		100,000
			549,600
Governance conte
Hendelsbanken Wealth Management Audit fee Other		6,000 2,220 359	5,800 2,100 970
		8579	8,870

								2021f	2020
									(restated)
5 Analysis of	Funds				At	Income	Expenditure	Gains losses	At
				01-Apr-20				&transfers	31-Mar-21
				I'estated
					f	E	f	E	f
Unrestricted	income funds				(36,867)	162,003	(1,548,669)	1,423,533	0
Expendable	endowment		funds	10,984,928		1,384,937	(91,319)	724,070	13,002,616
				10	048 062	1M6040	~4M0007	2 147 M3	13002 616
					At	Income	Expenditure	Gains losses	At
				01-Apr-19 E		E	f	&transfers E	31-Mar-20 E
Unrestricted	income funds				13,133	190,894	(558,470)	317,576	(36,867)
Expendable	endowment		funds	10,701,972		1,316,282	(83,875)	(949,451)	10,984,928
				1D	71~ 105	1507 176	~842 345	~037.075	10940062
6 Market value
Carry (market) value		at	beginning	of	year			10,452,182	10,478,531
Add Additions	at cost							7,780,818	3,748,867
Less disposals at carry value Add/(deduct) net gain/(loss) on revaluation Carry (market) value at end ofyear								(7,995,934) 21476D3 12304680	(3,143,342) ~031.870) 10 '2,»
Shares								12,384,669	10,452,182
Porffolic Cash								1 222 645	488,293
								13607,214	10,940475
Realised gains/goes) Unreallsed gains/(loss)			on revaluation					611,eso 1 536723	:l. ,531 GG7 riOG
								2 147M3	03'I,87!7
The historic costofthese investments					was E10,563,519(2020:		E10,117,888)
7 Debtors
Prepayments	and accrued income							7801	17412
								7801	17412
e Creditors: amount falling due within one year
Accruals and deferred Donation commitments		income						35,340 290,000	31,300 25,000
								325,340	7)() 30('
						17

Analysis ofcash and	Analysis ofcash and	cash equivalents				2021	2020
						E	E
Cash Cash	in hand held within investmants					12,939	71,473
					1,235,484		569,7B6
Analysis ofchanges		In net debt
			At 6April	Cash flows	Other	non-	At 5 April
			2020		cash		2021
					Changes
					E
Cash Cash Loans	equivalents felling dus within	one yssr	71,473 488293 669,786	(58,634) 734 262 Bre,rf8			12,939 1 222 545 1,238,484
Finance lease obiigaeons
			55 766	875 7			1, 35,484