Registered Charity Number: 1120449
MISS C M SCOTT-SMITH DECEASED CHARITABLE TRUST
ACCOUNTS
FOR THE YEAR ENDED 5 APRIL 2021
MISS C M SCOTT-SMITH DECEASED CHARITABLE TRUST
ACCOUNTS
FOR THE YEAR ENDED 5 APRIL 2021
CONTENTS
| Page | |
|---|---|
| Information sheet | 1 |
| Independent examiners report | 2-3 |
| Balance sheet | 4 |
| Receipts and payments account | 5 |
| Income distribution account | 6 |
MISS C M SCOTT-SMITH DECEASED CHARITABLE TRUST
INFORMATION SHEET FOR THE YEAR ENDED 5 APRIL 2021
The Deceased Miss C M Scott-Smith Date of Death 28 January 2004 Trustees Mr Richard Ostle Mr Antony Caulfield Mr David Young Administrators Gaby Hardwicke 2 Eversley Road Bexhill-on-Sea East Sussex TN40 1EY
Accountants McPhersons CFG Limited 23 St Leonards Road Bexhill-on-Sea East Sussex TN40 1HH
Page 1
MISS C M SCOTT-SMITH DECEASED CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MISS C M SCOTT-SMITH DECEASED CHARITABLE TRUST FOR THE YEAR ENDED 5 APRIL 2021
I report on the accounts of the trust for the year ended 5 April 2021 which are set out on pages 4 and 5.
Respective responsibilities of trustees and examiners
The charity's trustees are responsible for the preparation of accounts. The charity's trustees consider that an audit is not required for the year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is required.
It is my responsibility to:
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examine the accounts under section 145 of the 2011 Act;
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follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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state whether particular matters have come to my attention.
Basis of examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to our attention:
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1) which gives me reasonable cause to believe that, in any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the 2011 Act; and
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to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act.
have not been met; or
- 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Peter Watters FCA BFP Date: 26th January 2022 McPhersons CFG Limited Chartered Accountants 23 St Leonards Road Bexhill-on-Sea East Sussex TN40 1HH
Peter Watters FCA BFP
Page 2
MISS C M SCOTT-SMITH DECEASED CHARITABLE TRUST
BALANCE SHEET FOR THE YEAR ENDED 5 APRIL 2021
| £ | £ | £ | £ | |
|---|---|---|---|---|
| Investments | ||||
| UK Investments (at cost) | 1,551,123 | |||
| Cash at bank | ||||
| Gaby Hardwicke client account | 1,949 | |||
| Rathbones | 91,267 | |||
| 93,216 | ||||
| Debtors | ||||
| Rathbones | 5,000 | |||
| Accrued income | 228 | |||
| 5,228 | ||||
| Creditors | ||||
| Accountancy | 2,100 | |||
| Legal and professional fees | 2,000 | |||
| Income distribution account | 734,332 | |||
| (738,432) | ||||
| (733,204) | ||||
| Net current assets | (639,988) | |||
| Net Assets | 911,135 | |||
| Representing | ||||
| Estate Capital Accounts | 911,135 | |||
| The market value of the UK investments at | 5 April 2021 | was £2,083,125 | ||
| I confirm that I approve these accounts | on behalf of the Trustees. |
Mr R Ostle Date: 25th January 2022
Page 3
MISS C M SCOTT-SMITH DECEASED CHARITABLE TRUST
INCOME ACCOUNT FOR THE YEAR ENDED 5 APRIL 2021
| Income received Dividends received Interest received Profit on sale of investments Other income Expenses Accountancy Solicitors fees Investment managers fees Other expenses Loss on sale of investments Net income Transfer to distribution account |
£ 48,640 9,679 63,159 - |
£ 121,478 (23,953) |
|---|---|---|
| 2,100 2,772 8,732 - 10,349 |
||
| 97,525 | ||
| 97,525 |
Page 4
MISS C M SCOTT-SMITH DECEASED CHARITABLE TRUST
INCOME DISTRIBUTION ACCOUNT FOR THE YEAR ENDED 5 APRIL 2021
| Undistributed income brought forward Income for the year Distributions in the year Undistributed income carried forward |
£ 658,240 97,525 (21,434) |
|---|---|
| 734,332 |
Page 5