2021-12-31-accounts

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REPORT OF THE TRUSTEES
REPORT OF THE INDEPENDENT	EXAMINER
STATEMENT OF FINANCIAL ACTIVITIES
BALANCE SHEET
NOTES TO THE FINANCIAL STATEMENTS		8-11
2020 STATEMENT OF FINANCIAL	ACTIVITIES	12

			INCOME	INCOME	FUND	EXPENDABLE		TOTAL	TOTAL
				(unrestricted)		ENDOWMENT		2021	2020
		Notes		f.				f.	F
INCOME AND EXPENDITURE									(page 12)
Income and Endowments		from
Investment income				78,769				78,769	65,055
Other income					148			148	63
Total Income				78,917				78,917	65,118
EXPENDITURE ON
Raising Funds
Investment management	fees					19,764		19,764	17,767
Charitable Activities
Grants				48,000				48,000	30,200
Support costs				23,060				23,060	24,854
Total Expenditure				71,060		19,764		90,824	72,821
NET INCOME/(EXPENDITURE)					7,857	(19,764)		(11,907)	(7,703)
Other recognised gains/(losses)
Foreign currency (loss) Gains/(losses) on investments:						(457)		(457)	(230)
-realised						25,243		25,243	(23,749)
-unrealised						308,295		308,295	138,270
						333,081		333,081	114,291
Net Movement in Funds					7,857	313,317		321,174	106,588
Reconciliation of Funds
Fund Balances brought	forward			19,571		5,786,712		5,806,283	5,699,695
TOTAL FUNDS CARRIED		FORWARD AT
31 DECEMBER 2021			F	27,428		E6,100,029	f.	6,127,457	E5,806,283

		Notes		2021			2020
Fixed Assets
Investments					3,409,100		3,076,542
Freehold properties					2,603,000		2,603,000
Chattels					50,817		50,817
					6,062,917		5,730,359
Current Assets
-BDP Pitmans	LLP - Client Account		313			1,622
- Metro Bank account			400			600
- Investec Accounts			73,778			75,402
Total Current Assets			74,490			77,624
Less: Creditors
Amounts falling	due within one year
Accruals			9,950			1,700
Grants committed
			9,950			1,700
Net current assets					64,540		75,924
Net Assets				F	6,127,457		E 5,806,283
Funds ofthe Charity
Capital Funds
Expendable Endowment					6,100,029		5,786,712
Income Funds
Income Fund (unrestricted)					27,428		19,571
Total Funds				F	6,127,457		E 5,806,283

											2021	2020
											f.
	Income from	overseas			holdings						26,222	24,664
	Income from	UK investments
	-fixed	interest									5,097	4,000
	- equities		and unit			trusts					42,741	32,597
	- property										4,709	3,794
											F78,769	E65,055
3.	Other Income										2021	2020
											f.
	Investec - deposit			interest							143	63
	Orion Publishing		royalties								5
											148
4.	Expenditure
	Raising funds
	Investec investment			management			and safe custody fees				19,764	17,767
										F	19,764	E 17,767
5.	Charitable Activities
							Income	Fund	Expendable		Total	Total
							(unrestricted)		Endowment		2021	2020
							F				E	E
	Grants committed			*			48,000				48,000	30,200
	Support and governance				costs
	BDBPitmans	LLPfees					21,750				21,750	23,154
	Independent	Examination				fee		1,310			1,310	1,700
							23,060				23,060	24,854
							F71,060				F71,060	F55,054

6.Investments	6.Investments
Movements on quoted investments		were		as follows:		2021		2020
						E		E
Market value at 1 January 2021						3,076,542	2,945,830
Add: acquisitions at cost						259,964		321,236
Less: realised gain/(loss)					25,243
proceeds				(260,944)		(235,701)		(328,794)
Net gain/(loss) on revaluation	at 31	December 2021				308,295		138,270
Market value at 31 December	2021				F	3,409,100	E3,076,542
Historical cost as at 31 December 2021					F	2,155,178	22,036,880
All investments are listed on	a recognised			stock exchange.	The following	investment	accounted	for more
than 5%ofthe portfolio by value.
Findlay Park Funds	American		USD Dis			8.66%		7.03%
7.Freehold Properties and	Chattels

				2021	2020
					E
Main	House, gardens and outbuildings			1,600,000	1,600,000
Land	(22.39acres)			110,000	110,000
The	Coach House (subject to Robertson	tenancy)		475,000	475,000
The	Coach House (subject to KJohnson	lease)		90,000	90,000
The	Old Lodge			140,000	140,000
The	New Lodge (subject to Lee tenancy)			188,000	188,000
Total	value of properties		F	2,603,000	F2,603,000

8.Analysis of Net Assets Between Fund	8.Analysis of Net Assets Between Fund	8.Analysis of Net Assets Between Fund	s
Fund balances at 31 December 2021 are					Income Fund		Expendable		Total Funds
represented by:					(unrestricted)		Endowment
					F				F
Fixed Assets							6,062,917		6,062,917
Current Assets					37,378		37,112		74,490
Creditors					(9,950)				(9,950)
Net Assets					27,428	F	6,100,029	F	6,127,457
The summary of	net assets between	funds	for 31		Income Fund		Expendable	Total Funds
December 2020	was as follows:				(unrestricted)		Endowment
					F		F
Fixed Assets							5,730,359		5,730,359
Current Assets					21,271		56,353		77,624
Creditors					(1,700)				(1,700)
Net Assets					19,571	F	5,786,712	F	5,806,283
9.Summary of Fund Movements
			2021		2021		2020		2020
		Income Fund			Expendable	Income Fund		Expendable
		(unrestricted)			Endowment	(unrestricted)		Endowment
					F		F		F
Balance brought	forward		19,571		5,786,712		9,507		5,690,188
Income			78,917				65,118
Expenditure			(71,060)		(19,764)		(55,054)		(17,767)
Other recognised	gains/(losses)				333,081				114,291
Balance carried forward		E	27,428	F	6,100,029	F	19,571	F	5,786,712
Total funds			2021 -	F	6,127,457		2020 -	E	5,806,283

				INCOME FUND	INCOME FUND		EXPENDABLE		TOTAL
					(unrestricted)		ENDOWMENT		2020
			Notes
INCOME AND EXPENDITURE
Income and Endowments		from
Investment income					65,055				65,055
Other income					63				63
Totallncome					65,118				65,118
EXPENDITURE ON
Raising Funds
Investment management	fees						17,767		17,767
Charitable Activities
Grants					30,200				30,200
Support costs					24,854				24,854
Total Expenditure					55,054		17,767		72,821
NET INCOME/EXPENDITURE					10,064		(17,767)		(7,703)
Other recognised gains/losses
Foreign currency (loss)							(230)		(230)
Gains/(losses) on investments:
-realised							(23,749)		(23,749)
-unrealised							138,270		138,270
							114,291		114,291
Net Movement in Funds					10,064		96,524		106,588
Reconciliation of Funds
Fund Balances brought	forward				9,507		5,690,188		5,699,695
TOTAL FUNDS CARRIED		FORWARD	AT
31 DECEMBER 2020				f	19,571	F	5,786,712	E	5,806,283