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||Page|
|---|---|
|Trustees'annualreport|1|
|lndependent examiner'sreportto the trustees|9|
|Statement of financial activities|10|
|Statement of financialposition|11|
|Notesto the financial statements|t2|
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|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|
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|||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||
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|||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|
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||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|
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|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|
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||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|
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|Thetotalstaffcosts andemployee benefitsforthereportingperiodare analysedasfollows:
202t|Thetotalstaffcosts andemployee benefitsforthereportingperiodare analysedasfollows:
202t|2020|
|---|---|---|
||fE||
|Wages andsalaries|5,500|5,500|
|The average headcountofemployeesduring theyearwas1(2020:1).|||
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||Freehold|
|---|---|
||property|
||f|
|Cost||
|At5Aprll2020and5April2021|t,302,372|
|Depreclatlon||
|At6Aprl!2020and5April2021||
|Grryingamount||
|At5Aprl!2021|L,302,372|
|At5April2020|L,302,372|
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|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|
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||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|
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|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||
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||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|