| PAGE | |
|---|---|
| Trustees'annualreport | 1 |
| lndependent examiner'sreportto the trustees | 8 |
| Statement of financial activities | 9 |
| Statement of financial position | 10 |
| Notesto the financial statements | 11 |
| Registeredcharityname | The Herd LawsonandMurielLawsonCharitable Trust |
|---|---|
| Charityregistration number | 1173220 |
| Principaloffice | The EstateOffice |
| t4ChurchStreet | |
| Ambleside | |
| Cumbria | |
| THE TRUSTEES | |
| DrEBHerd | |
| DrJEBarker | |
| Mr W MCorin | |
| MrP CCookson | |
| MrAM Hewitt | |
| MrIM Jenkinson | |
| BANKERS | |
| Barclays BankPlc | |
| 3CrescentRoad | |
| Windermere | |
| Cumbria | |
| IA231EB | |
| CCLAFund Managers | |
| SenatorHouse | |
| 85 QueenVictoria Street | |
| London | |
| EC4V4ET | |
| INVESTMENT ADVISERS | |
| WalkerCrips | |
| Stockbrokers | |
| FinsburyTower | |
| 103-105BunhillRow | |
| London | |
| EC1Y8LZ |
| Duringthefinancialyear underreview,thetrusteesmad distributionstotalling f155,500,asfollows: |
e,inaccordancewith th |
|---|---|
| BritishRedcross | 37,500 |
| World WideFundforNature | 37,500 |
| ChristianWorkersRelief Fund | 28,900 |
| HospiceatHomeWestCumbria | 19,800 |
| HospiceofStMaryofFurness | 13,800 |
| SpringMountChristianFellowship | 4,500 |
| Ambleside Welfare Charity | 4,500 |
| Sight AdviceSouthLakes | 3,000 |
| SandhillsLaneChristian BrethrenChurch | 1,500 |
| ParrStreetEvangelical Church | 4,500 |
| Ambleside BaptistChurch |
| 2022 | 202L | |||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Totalfunds | Total funds | ||
| Note | f. |
f | f | |
| lncome andendowments | ||||
| Donations andlegacies | 4 | 6,500 | 6,500 | 1,000 |
| Charitable activities-rental income | 5 | 234,286 | 234,296 | !69,677 |
| lnvestment income | 6 | 10,052 | 10,052 | 9,731 |
| Totalincome | 250,838 | 250,838 | 179,408 | |
| Expenditure | ||||
| Expenditure onraisingfunds: | ||||
| Propertyexpenses | 7 | 82,029 | 82,O29 | 59,654 |
| lnvestment managementcosts | 8 | 7,288 | 7,289 | 6,099 |
| Expenditure on charitable activities | 9 | L67,7L6 | L67,7L6 | 132,576 |
| Totalexpenditure | 257,033 | 257,O33 | 198,338 | |
| Net gainson investments | 10 | 7,674 | 7,674 | 155,391 |
| Net income and netmovementinfunds | t,479 | L,479 | t36,461 | |
| Reconciliation offunds | ||||
| Total funds broughtforward | 2,L05,4O7 | 2,L05,4O7 | t,g6g,g46 | |
| Total funds carriedforward | 2,t06,886 | 2,106,8862,LO5,407 |
| 2022 | 2021 | ||
|---|---|---|---|
| Note | f | E | |
| FIXED ASSETS | |||
| Tangiblefixedassets | 15 | 1,302,372 | L,302,372 |
| lnvestments | 16 | 608,575 | 634,661 |
| L,9L0,947 | L,937,O33 | ||
| CURRENT ASSETS | |||
| Debtors | t7 | 27,L75 | 24,L25 |
| Cashatbankandin hand | L82,0L5 | 154,548 | |
| 209,190 | 178,673 | ||
| CREDITORS:amountsfallingduewithinone year | 18 | L3,25L | 70,299 |
| NETCURRENT ASSETS | 195,939 | L68,374 | |
| TOTATASSETS IESSCURRENT TIABILITIES | 2,t06,886 | 2,LO5,4O7 | |
| FUNDSOFTHE CHARITY | |||
| Unrestricted funds | 2,L06,885 | 2,LO5,407 | |
| Total charityfunds | 19 | 2,L06,886 | 2,tO5,407 |
| Unrestricted | TotalFunds | Unrestricted | TotalFunds | |
|---|---|---|---|---|
| Funds | 2022 | Funds | 202L | |
| f | € | t | € | |
| DONATIONS | ||||
| Chiltern Charitable Trust | 1,000 | 1,000 | 1,00: | 1,000 |
| TheHenryHerdCharitable Trust | 5,500 | 5,500 | ||
| 6,500 | 6,500 | 1,000 | 1,000 |
| Unrestricted | TotalFunds | Unrestricted | TotalFunds | |
|---|---|---|---|---|
| Funds | 2022 | Funds | 202L | |
| f | f | € | € | |
| Rentalincome receivable | 234,286 | 234,286 | L69,677 | 169,677 |
| Unrestricted | TotalFunds | Unrestricted | TotalFunds | ||
|---|---|---|---|---|---|
| Funds | 2022 | Funds | 202L | ||
| f | € | € | E | ||
| Bankinterest receivable | tzL | t2t | L27 | L27 | |
| Dividend income receivable | 9,931 | 9,931 | 8,604 | 9,604 | |
| L0,052 | 10,052 | 8,731 | 8,731 | ||
| PROPERWEXPENSES | |||||
| Unrestricted | TotalFunds | Unrestricted | TotalFunds | ||
| Funds | 2022 | Funds | 2021 | ||
| f | f | f | f | ||
| General repairsand maintenance | 22,627 | 22,621 | L4,595 | 14,595 | |
| Propertyinsurance | 22,3L9 | 22,3L8 | 20,097 | 20,097 | |
| Property managementfees | 36,880 | 36,880 | 24,972 | 24,972 | |
| Legalfees | 2L0 | 2LO | |||
| 82,O29 | 82,029 | 59,664 | 59,664 | ||
| INVESTMENTMANAGEMENTCOSTS | |||||
| Unrestricted | TotalFunds | Unrestricted | TotalFunds | ||
| Funds | 2022 | Funds | 202L |
||
| f | f | ff | |||
| Portfolio management | 7,288 | 7,288 | 6,098 | 6,099 |
| Activities | ||||
|---|---|---|---|---|
| undertaken | Totalfunds | Total fund | ||
| directlySupportcosts | 2022 | 202t | ||
| ff | € | € | ||
| BritishRed Cross | 37,500 | 37,500 | 30,000 | |
| World WideFundforNature | 37,500 | 37,500 | 30,000 | |
| ChristianWorkersReliefFund | 28,900 | 2g,go0 | 2L,600 | |
| HospiceatHomeWestCumbria | 19,900 | L9,g00 | L4,400 | |
| HospiceofStMaryofFurness | 13,800 | 13,900 | 10,100 | |
| SpringMountChristianFellowship | 4,500 | 4,500 | 3,600 | |
| Ambleside Welfare Charity | 4,500 | 4,500 | 3,600 | |
| Sight AdviceSouthLakes | 3,000 | 3,000 | 2,400 | |
| SandhillsLaneChristian BrethrenChurch | 1,500 | 1,500 | L,20O | |
| ParrStreet,Evangelical Church | 4,500 | 4,500 | 3,600 | |
| Governance costs | - | L2,2L6 | L2,2L6 | 12,076 |
| 155,500 | L2,2L6 | L67,716 | L32,576 | |
| Governance-management andadministration | ||||
| Secretarial salaries | 5,503 | 5,503 | 5,500 | |
| Office heat and light | 629 | 629 | s06 | |
| lnsurance | t,022 | L,022 | 884 | |
| Accountancyfees | 2,039 | 2,039 | L,373 | |
| lndependentexaminersfee | 1,920 | 1,92O | L,7tO_ | |
| Costof meetings | 38 | 38 | ||
| Telephone | 658 | 6s8 | 614 | |
| Other officecosts | 259 | 259 | 194 | |
| Stationery,postagesandlTsupport | 149 | L49 | L,295 | |
| L2,216 | L2,216 | L2,O76 | ||
| 10.NETGAINSONINVESTMENTS | ||||
| UnrestrictedTotalFunds | Unrestricted | TotalFunds | ||
| Funds | 2022 | Funds | 2021 | |
| ff. | f | f | ||
| Gains/(losses) onotherinvestmentassets | 7,674 | 7,674 | 155,391 | 155,391 |
| I,..INDEPENDENTEXAMINATIONFEES | ||||
| 2022 | 202L | |||
| € | € | |||
| Feespayabletotheindependent examinerfor: | ||||
| lndependent examination of the financial statements | L,92O | L,7L0 |
| Freehold | |
|---|---|
| property | |
| f | |
| Cost | |
| At5April 2021and5April2O22 | L,3O2,372 |
| Depreciation | |
| At5April2021and 5April2O22 | |
| Carryingamount | |
| At5April2022 | t,302,372 |
| At5April2021 | L,302,372 |
| lnvestment | |
|---|---|
| portfolios | |
| f | |
| Costorvaluation | |
| At6April2021 | 634,66L |
| Additions | 29,657 |
| Disposals | (24,706t, |
| Fairvalue movements | 9,339 |
| Change in cashheld onportfolio | (40,376) |
| At5April2022 | 608,575 |
| lmpairment | |
| At6April2O2land5April2022 | |
| Carryingamount | |
| At5April2022 | 608,575 |
| At5April2021 | 634,66L |
| Allinvestments shownaboveare heldatvaluation. | |
| Analysisofinvestments at5April2022between portfolios | |
| WalkerCripsStockbrokers Portfolio | 608,575 |
| lnvestments atfairvalue comprised:- | |
| U.K.equities | 590,25t |
| NonU.Klnvestments | 78,324 |
| 608,575 |
| lnvestmentsinindividual entities held at 5 April2022which areov | er5Y"ofthe portfolioby value are: |
|---|---|
| Herald lnvestment Trust | 50,985 |
| Scottish Mortgage lnvestmentTrust | 70,L76 |
| JPMorganGlobalGrowth &lncome | 38,L57 |
| FundsmithLLPEquity | 32,495 |
| 191,813 |
| 2022 | 2027 | |
|---|---|---|
| € | € | |
| Prepaymentsandaccruedincome | 6,0L2 | 5,302 |
| Tenantsrents receivable | 1,386 | 10,819 |
| Other debtors | 19,777 | 9,004 |
| 27,775 | 24,!25 | |
| CREDITORS:amountsfallingduewithinone year | ||
| 2022 | 2021 | |
| f | f | |
| Tradecreditors | 1,701 | 1,400 |
| Property managementfees | 8,026 | 5,796 |
| Accountancy/independentexaminers fees | 3,524 | 3,103 |
| L3,25L | L0,299 |
| Unrestrictedfunds | |||||
|---|---|---|---|---|---|
| Gainsand | |||||
| At | 6Apr2021 E |
lncomeExpenditure ff |
Transfers f |
lossesAt5Apr 2O22 ff |
|
| Generalfunds | 2,027,050 | 250,8381252,239) | (27,000l | 7,6742,006p23 | |
| Designated Fund - PaintingReserve |
60,000 |
15,000 | 75,000 | ||
| Designated Fund - | |||||
| Extraordinary RepairsReserve |
t8,357 |
(4,7s4) | 12,000 | 25,563 | |
| 2,705,4O7 | 250,838(257,0331 | 7,6742,LO6,gg6 | |||
| Gainsand | |||||
| At | 5Apr2020 € |
lncomeExpenditure EE |
Transfers t |
lossesAt5Apr2O2l f€ |
|
| Generalfunds | L,g!4,939 | 179,4O8(195,688) | (27,O00) | 155,3912,027,050 | |
| Designated Fund - | |||||
| PaintingReserve | 45,000 | 15,000 | 60,000 | ||
| Designated Fund- | |||||
| Extraordinary | |||||
| Repairs Reserve | 9,OO7 | (2,650) | 12,000 | - L9,357 |
|
| 1,968,946 | L79,408 | (198,338) | 155,3912,t05,4O7 |
| Unrestricted | TotalFunds | |
|---|---|---|
| Funds | 2022 | |
| f | f | |
| Tangiblefixedassets | L,302,372 | L,302,372 |
| lnvestments | 608,575 | 608,575 |
| Currentassets | 209,190 | 209,LgO |
| Creditorslessthan1year | (13,251) | lL3,25Ll |
| Netassets | 2,106,996 | 2,106,996 |
| Unrestricted | TotalFunds | |
| Funds | 202L | |
| E | E | |
| Tangiblefixedassets | L,302,372 | 1,302,372 |
| lnvestments | 634,66|634,66L | |
| Currentassets | t78,573 | 178,673 |
| Creditorslessthan1year | (10,299) | (10,299) |
| Netassets | 2,t05,407 | 2,L05,407 |