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||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|
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|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|
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|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||
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|||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|
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||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|
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||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|
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||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|
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||Freehold|
|---|---|
||property|
||f|
|Cost||
|At5April 2021and5April2O22|L,3O2,372|
|Depreciation||
|At5April2021and 5April2O22||
|Carryingamount||
|At5April2022|t,302,372|
|At5April2021|L,302,372|
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||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|
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||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|
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|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|
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||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|