2021-04-05-accounts - The Revere Charitable Trust

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		Page
Report ofthe Trustees	1	to	3
Report ofthe Independent Auditors	4	to	5
Statement ofFinancial Activities
Balance Sheet
Cash Flow Statement
Notes to the Financial Statements	9	tc	16
Detailed Statement of Financial Activities		17

					2021	2020
					Unrestricted	Total
					fund	funds
			Notes			F
FIXEDASSETS
Investments
Investments			11		5,615,434	4,394,238
Investment property			12		1,235,000	1,235,000
					6,850,434	5,629,238
CURRENT ASSETS
Debtors: amounts Cash at bank	falling due within one	year	13		56,250 541,541	112,500 791,408
					597,791	903,906
CREDITORS
Amounts falling due within one year			14		(4,464)	(3,500)
NET CURRENT ASSETS					593,327	900406
TOTAL ASSETS	LESSCURRENT LIABILITIES				7,443,761	8,529,644
NET ASSETS					7 453 761	5,529,644
FUNDS			15
Unrestricted funds					7,443,761	6,529,844
TOTAL FUNDS					7,443.761	0,529,644
The financial statements were approved and were signed on its behalf by:		by the Board of Trustees		and authorised	4n for issue on .I.(....f..(53/5"..stt...P....4

						2021	2020
				Notes		6	8
Cash flows from operating	activities
Cash generated from operations						(387,330099)	(143,873)
Net cash (utilised in) operating activities						~367,309)	(143,873)
Cash flows from investing	activities
Purchase offixed asset investments Interest received						12,510	(150,000) 18,025
Dividends received Rentai income						70,012 34,922	91,017 38,379
Net cash generated b)//(utilised in) investing				activities		(117,444)	~8,579)
Change in cash and cash	equivalents		in
the reporting period Cash and cash equivalents	atthe					(249,864)	(150,452)
beginning ofthe repoking	period					791,406	941,858
Cash and cash equivalents	at the	end	of
the reporting period						541,541	791,408
1. RECONCILIATION	OF NET	(EXPENDITURE)/INCOME				TO NET CASH FLOW FROhll OPERATING
ACTIVITIES
						2021	2020
						6	6
Net )/income/(expenditure) Adjustments for:		for	the	reporting	period	914,117	(115,335)
(Gain)/loss on investments Gift of investments Dividends received Decrease in debtors Increase in creditors						1,221,196 (117,444) 56,250 964	232,837 (150,704) (143,421) 32,500 250
Net cash (utilised in) operations						367,309	(143,873)

5.	RAISING FUNDS
	Raising donations	and legacies
						2021	2020
						8	5
	Management charges					2,558	3,466
6.	CHARITABLE ACTIVITIES COSTS
				Grant	funding
				ofactivities		Support costs
				(see note 7)		(see note 7)	Totals
				E
	Grant making			690,200		13,015	703,215
7.	GRANTS PAYABLE
						2021	2020
						8	5
	Grant making					690,200	722,700
	Grants payable in the		year:
	Tadworths Children's		Trust				125,000
	Royal Marsden Cancer Research						125,000
	Alzheimers Research						125,000
	Garden House Hospice						50,000
	Woodlands Trust						40,200
	Essex/Herts. Air Ambulance						40,000
	Arthritis Research						35,000
	Asthma UK						30,000
	MENCAP Hitchin StJohns Ambulance						15,000 12,500
	Stroke Association						10,000
	Lifelites						10,000
	Action for the River	Kennet					10,000
	Soundabout						10,000
	DEMAND for Disabled						10,000
	Antibiotic Research	UK					5,000
	CLIC Sargent						5,000
	RHS						5,000
	The Bach Choir						5,000
	Motor Nueron Disease		Association				5,000
	Letcombe Brook Project						5,000
	Bristol Avon Rivers Trust						5,000
	The Pituitary Foundation						5,000
	LINK Transport Services						2,500
							690,200
8.	SUPPORT COSTS
						Governance
				Finance		costs	Totals
				8		5	8
	Grant making				549	12,466	13,015

5April 2020. No trustees was re Trustees' expenses	imbursed for travelling expenses (2020: 1).
		2021 f	2020
Trustees' expenses			232
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
			Unrestricted
			fundf
INCOME AND ENDOWMENTS	FROM
Donations and legacies			713,206
Investment income			143,421
Total			856,627
EXPENDITURE ON
Raising funds			3,466
Charitable activities
Grant making			735,659
Total			739,125
Net losses on investments			~232,332
NET EXPENDITURE			(115,335)
RECONCILIATION OF FUNDS
Total funds brought forward			6,644,979
TOTAL FUNDS CARRIED FORWARD			6,626,644

A current yea	r and prior year combi	ned net movement in funds,	included in the ab	ove are as follow	s:
		Incoming	Resources	Gains end	Movement
		resources F	expended f	losses f	in funds F
Unrestricted	funds
General fund		1,255,321	(1,444,898)	988,359	798,782
TOTAL FUNDS		1,255,321	(1~444,898	988,359	798,782

		2021 F	2020f
INCOME AND ENDOWMENTS
Donations and legacies
Gifts Donations and gift aid		225,000 56,250	450,000 112,500
Exceptional items			150,706
		281,250	713,206
Investment income
Investment income		117,444	143,421
Total incoming resources		398,694	856,627
EXPENDITURE
Raising donations and legacies
Management charges		2,558	3,466
Charitable activities
Grants to individuals		690,200	722,700
Support costs
Management
Trustee's expenses			232
Finance
Bank charges		549	561
Governance costs
Auditor's remuneration Insurance		4,282	4,666
Accountancy and legal fees		8,184	7,500
		13,015	12,166
Total resources expended		705,773	739,125
Net (losses)/income before gains and losses		(307,079)	117,502
Realised recognised gains and losses
Realised gains/losses on fixed Realised losses on investment	asset investments property	1,221,196	(232,837)
Net income /(expenditure)		914,117	(t t 5,335)