| Page | |
|---|---|
| Trustees'annualreport | 1 |
| lndependent examiner'sreportto the trustees | 9 |
| Statement of financial activities | 10 |
| Statement of financialposition | 11 |
| Notesto the financial statements | t2 |
| REFEREI{CEA]IDADMINISTRATIVE | DETAITS |
|---|---|
| Reglsteredcharltyname | TheHerdLawsonandMurielLawsonCharitable Trust |
| Charltyreglstratlonnumber | LLL322O |
| Principalofftce | 14ChurchStreet |
| Ambleside | |
| Cumbria | |
| LA22OBT | |
| THE TRUSTEES | |
| DrE BHerd | |
| DrJEBarker | |
| Mr W MCorin | |
| MrP CCookson | |
| MrAM Hewitt | |
| MrIM Jenkinson | |
| BAilTERS | |
| Barclays BankPlc | |
| 3CrescentRoad | |
| Windermere | |
| Cumbria | |
| LA231EB | |
| CCLAFundManagers | |
| SenatorHouse | |
| 85 QueenVictoria Street | |
| London | |
| EC4V4ET | |
| INVESTMENT ADVISERS | |
| WalkerCrips | |
| Stockbrokers | |
| FinsburyTower | |
| 103-105BunhillRow | |
| London | |
| EC1Y8tZ | |
| Hargreaves Lansdown AssetManagement Limited | |
| One College Square South | |
| AnchorRoad | |
| Bristol | |
| BS15HL |
| 202t | 2020 | |||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Tota!funds | Total funds | ||
| l{ote | f |
e | E | |
| lncome andendowments | ||||
| Donations andlegacies | 4 | 1,000 | 1,000 | 1,(X)0 |
| Charitable activities-rental income | 5 | !69,677 | t69,677 | 233,890 |
| lnvestment income | 6 | 8,73L | 9,73L | L3,425 |
| Total lncome | L79,408 | L79,4O8 | 248,315 | |
| Etpendlture | ||||
| Expenditure onraisingfunds: | ||||
| Propertyexpenses | 7 | 59,664 | 59,654 | LL4,OO9 |
| lnvestment managementcosts | 8 | 6,098 | 6,(D8 | 6,056 |
| Expenditureoncharitable activities | 9 | L32,576 | L32,576 | 131,661 |
| Totalexpendlture | 198,338 | 198,338 | 25L,736 | |
| Net gains/(losses)on investments | 10 | 155,391 | 155,391 | (57,077!. |
| Netincome/(expendlture)and netmovementinfunds | 135,451 | 135,461 | (7O,492) | |
| Recondllatlonoffunds | ||||
| Total funds broughtfonvard | 1,958,945 | 1,968,945 | 2,039,439 | |
| Tota! funds carriedfolard | 2,to5,407 | 2,105,4071,969,945 |
| 202t | 2020 | ||
|---|---|---|---|
| f | f | ||
| Flxed assets | |||
| Tangiblefixedassets | 15 | L,302,372 | L,3O2,372 |
| lnvestments | 16 | 634,561 | 503,280 |
| 1,937,033 | 1,805,652 | ||
| Currentassets | |||
| Debtors | t7 | 24,L25 | 79,347 |
| Cashatbankandin hand | 154,5t18 | 95,987 | |
| L78,673 | 175,334 | ||
| Credhorc: amountsfallingduewlthlnoneyear | 18 | 10,299 | t2,uo |
| iletcurrentassets | L68,374 | t63,294 | |
| Totalassetslesscurrent liabilltles | 2,LO5,4O7 | 1,958,945 | |
| Fundsofthe charlty | |||
| Unrestricted funds | 2,L05,407 | 1,958,946 | |
| Totaldrarftyfunds | 19 | 2,LO5,4O7 | 1,969,946 |
| DOT{ANONSANDLEGACIES | |||||
|---|---|---|---|---|---|
| UnrestrictedTotalFundsUnrestricted | TotalFunds | ||||
| Funds | 2O2l | Funds | 2020 | ||
| € | ft | E | |||
| Donatlons | |||||
| Chiltern charitabletrust | 1,000 | 1,000 | 1,000 | 1,000 |
|
| 5. | CHAR]TABLE ACTIV]TIES-RENTALINCOME | ||||
| UnrestrictedTotalFundsUnrestricted | TotalFunds | ||||
| Funds | 2O2l | Funds | 2020 | ||
| f€ | € | f | |||
| Rentalincome receivable | L69,677 | L69,677 | 233,890 | 233,890 |
| 5. | INVESTMENTINCOME | ||||
|---|---|---|---|---|---|
| Unrestricted | Tota!Funds | Unrestricted | TotalFunds | ||
| Funds | 2021 | Funds | 2020 | ||
| E | f | € | € | ||
| Bankinterest receivable | t27 | L27 | 923 | 923 | |
| Dividend income receivable | 8,604 | 8,604 | L2,502 | L2,502 | |
| 8,73L | 8,731 | 73,425 | L3,425 | ||
| 7. | PROPERWEXPENSES | ||||
| Unrestricted | TotalFunds | Unrestricted | TotalFunds | ||
| Funds | 202t | Funds | 2020 | ||
| E | f | f | € | ||
| General repairsand maintenance | 14,595 | 14,595 | 60,258 | 60,259 | |
| Propertyinsurance | 20,O97 | 20,Ut7 | 19,539 | 19,539 | |
| Property managementfees | 24,972 | 24,972 | 32,909 | 32,809 | |
| Legalfees | L,4U | L,4U | |||
| 59,664 | 59,664 | 114,009 | 114,009 | ||
| 8. | II{VESTMENITMAilAGEMETTCOSTS | ||||
| Unrestricted | TotalFunds | Unrestricted | TotalFunds | ||
| Funds | 2021 | Funds | 2020 | ||
| E | f | E | E | ||
| PortfoliomanaSement | 6,(D8 | 6,098 | 6,055 | 6,066 |
| Activities | ||||
|---|---|---|---|---|
| undertaken | Totalfunds | Total fund | ||
| directlySupportcosts EE |
2021 f |
2020 € |
||
| BritishRed Cross | 30,0oo | 30,000 | 30,000 | |
| World WideFundforNature | 30,000 | 30,000 | 30,000 | |
| ChristianWorkersReliefFund | 2L,600 | 2t,600 | 2t,600 | |
| HospiceatHomeWest Cumbria | 14,400 | 14,400 | L4,NO | |
| HospiceofStMaryofFurness | 10,100 | 10,100 | 9,500 | |
| SpringMountChristianFellowship | 3,600 | 3,600 | 3,600 | |
| Ambleside Welfare Charity | 3,500 | 3,600 | 3,600 | |
| Sight AdviceSouthLakes | 2,4n | 2,400 | 2,4N | |
| SandhillsLaneChristian BrethrenChurch | L,2@ | L,2@ | L,2@ | |
| ParrStreet,Evangelical Church | 3,600 | 3,5@ | 3,500 | |
| Governance costs | L2,075 | 72,076 | 11,561 | |
| 120,500 | L2,O76 | L32,576 | 131,651 | |
| Governance-manatementandadmlnlstration | ||||
| Secretarial salaries | s,500 | 5,500 | 5,500 | |
| Office heat andlight | 506 | 506 | 558 | |
| lnsurance | 884 | 884 | 654 | |
| Accountancyfees | 7,373 | L,373 | 1,4t5 | |
| lndependentexaminersfee | !,7t0 | L,7LO | 1,680 | |
| Costofmeetings | 118 | |||
| Telephone | 614 | 6L4 | 503 | |
| Other officecosts | L94 | L94 | 247 | |
| Trustees' expenses | 522 | |||
| Stationery,postagesandlTsupport | 1,295 | L,295 | 370 | |
| L2,076 | t2,o76 | 11,6,51 | ||
| 10.NEr(LOSSES)/GATNSONTNVESTMET{TS | ||||
| UnrestrictedTotalFunds | Unrestricted | TotalFunds | ||
| Funds | 2021 | Funds | 2020 | |
| € | f | € | € | |
| Gains/(losses)onotherinvestmentassets | 155,391 | 155,391 | (67,O7L1 | 167,O7t) |
| 11.INDEPEI{DENTD(AMINANOilFEES | ||||
| 2021 | 2020 | |||
| f | E | |||
| Feespayabletotheindependent examinerfor: | ||||
| lndependent examination of the financial statements | L,7LO | 1,690 |
| Thetotalstaffcosts andemployee benefitsforthereportingperiodare analysedasfollows: 202t |
Thetotalstaffcosts andemployee benefitsforthereportingperiodare analysedasfollows: 202t |
2020 |
|---|---|---|
| fE | ||
| Wages andsalaries | 5,500 | 5,500 |
| The average headcountofemployeesduring theyearwas1(2020:1). |
| Freehold | |
|---|---|
| property | |
| f | |
| Cost | |
| At5Aprll2020and5April2021 | t,302,372 |
| Depreclatlon | |
| At6Aprl!2020and5April2021 | |
| Grryingamount | |
| At5Aprl!2021 | L,302,372 |
| At5April2020 | L,302,372 |
|16.INVESTMEII|TS|| |---|---| ||!nY6tment| ||portfollos| ||e| |Costor Yaluation|| |At6April2020|503,280| |Additions|203,468| |Disposals|(56,047)| |Fairvalue movements|L49,977| |Change incashheld onportfolio|(156,017)| |At5Aprll2021|634,661| |lmpaarment|| |At5Aprl!2020and5April2021|| |Carryingamount|| |At5Aprll2021|634,66L| |At5April2020|503,280| |Allinvestments shownaboveare held at valuation.|| |Analysisoflnvestmentsat5Aprll2021betureenportfolios|| |WalkerCripsStockbrokers Portfolio|634,661| |lnyestments atfalrvalue comprised:-|| |U.K.equities|576,0L7| |NonU.Klnvestments|18,258| |Cash|40,376| ||634,661|
| lnvestmentsinindividual entities held at5April2021whichareov | er5%ofthe portfolioby value are: |
|---|---|
| Herald lnvestment Trust | 55,773 |
| Scottish Mortgage lnvestment Trust | 79,152 |
| JPMorganGlobalGrowth& lncome | 34,155 |
| 169,080 |
| 2021 | 2020 | |
|---|---|---|
| € | f | |
| Prepaymentsandaccruedincome | 5,302 | 5,075 |
| Tenantsrents receivable | 10,819 | L2,670 |
| Other debtors | 9,004 | 6L,602 |
| 24,t25 | 79,347 | |
| CREDITORS:amountsfalllngduewithinone year | ||
| 2021 | 2020 | |
| f | € | |
| Tradecreditors | L,QO | t,375 |
| Property managementfees | 5,796 | 7,500 |
| Accountancy/independentexaminers fees | 3,103 | 3,153 |
| Other creditors | 2 | |
| 10,299 | L2,U0 |
| Unrestrlctedfunds | ||||||
|---|---|---|---|---|---|---|
| At | Gainsand | At | ||||
| 06Apr2020 f Generalfunds L,9L4,939 |
lncomeExpenditure f€ L79,4O8(195,699) |
Transfers € (27,W) |
losses € 155,391 |
05Apr2021 € 2,027,050 |
||
| Designated Fund - PaintingReserve |
45,000 |
15,000 | 60,000 | |||
| Designated Fund - | ||||||
| Extraordinary RepairsReserve |
9,OO7 | - | (2,650) | 12,000 | L9,357 | |
| L,958,946 | L79,408 | (198,338) | 155,3912,L05,407 | |||
| At | Gainsand | At | ||||
| 06Apr2019 E |
lncomeExpenditure Ef. |
Transfers E |
losses f |
05Apr2020 E |
||
| Generalfunds | L,970,532 | 248,3L5(209,937) | (27,miol | (67,07L) | L,9L4,939 | |
| Designated Fund - | ||||||
| PaintingReserve | 30,000 | 15,000 | 4s,000 | |||
| Designated Fund - | ||||||
| Extraordinary | ||||||
| Repairs Reserve | 38,906 | (41,899) | 12,000 | 9,007 | ||
| 2,039,439 | 248,3L5 | (.25t,736l. | {i67,07L11,968,945 |
| Unrestricted | TotalFunds | |
|---|---|---|
| Funds | 2021 | |
| € | f | |
| Tangiblefixedassets | t,3o2,372 | L,302,372 |
| lnvestments | 634,661 | 534,661 |
| Currentassets | L78,673 | L78,673 |
| Creditorslessthan1year | (10,299) | (10,299) |
| Netassets | 2,L05,4O7 | 2,LO5,4O7 |
| Unrestricted | TotalFunds | |
| Funds | 2020 | |
| f | f | |
| Tangiblefixedassets | L,3O2,372 | L,302,372 |
| lnvestments | 503,280 | 503,280 |
| Currentassets | L75,334 | L75,334 |
| Creditorslessthan1year | (12,0110) | (12,040) |
| Netassets | 1,968,945 | L,968,96 |