## ## ## ## |||||Page| |---|---|---|---|---| |General|information|||| |Report ofthe trustees||||3-4| |Statement||oftrustees'|responsibilities|| |Independent||auditors'|report|6-9| |Statement|offinancial||activities|10| |Balance sheet||||| |Cashflow||||| |||||12| |Accounting||policies||13-14| |Notes to the||financial|statements|15-18| ## ## |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|||| ## ## ## ## |12|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|