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|||Page||
|---|---|---|---|
|Report ofthe Trustee|1|to|5|
|Report ofthe Independent
Auditors|6|to|9|
|Statement ofFinancial Activities||10||
|Balance Sheet||||
|Notes to the Financial Statements|12|to|21|
|Detailed Statement ofFinancial Activities|22|to|23|
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||||||2021|2020|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
|||||||as restated|
|||Notes|6||||
|INCOME AND ENDOWMENTS|FROM||||||
|Donations
and legacies||||||24,512|
|Other trading
activities||2|162||162|1,792|
|Investment
income||3|311,171||311,171|300,243|
|Total|||311,333||311,333|326,547|
|EXPENDITURE ON|||||||
|Raising funds||4|8,979||8,979|22,508|
|Charitable
activities|||||||
|The Sandhurst
Collection|||64,103||64,103|54,675|
|General sundry grants|||69,756||69,756|173,205|
|Depreciation
on asset used for charitable|||||||
|purposes|||996||996|1,172|
|SQM Infrastructure
grants|||346,235||346,235|275,707|
|Total|||490,069||490,069|527,267|
|Net gains/(losses)
on investments|||1,454,048||1,454,048|~877,9377|
|NET INCOME/(EXPENDITURE)|||1,275,312||1,275,312|(878,651)|
|RECONCILIATION
OF FUNDS|||||||
|Total funds brought forward|||||||
|As previously
reported|||8,046,408||8,046,408|8,924,263|
|Prior year adjustment||9|37 134||37,134|37,930|
|As restated|||8,083,542||8,083,542|8,962,193|
|TOTAL FUNDS CARRIED FORWARD|||9.358.854|-|9,358,854|8,083.542|
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|||||2021|2020|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Notes|f|||as restated|
|FIXEDASSETS||||||
|Tangible assets|10|5,643||5,643|6,639|
|Investments|11|9,252,478||9,252,478|7,908,459|
|||9,258,121||9,258,121|7,915,098|
|CURRENT ASSETS||||||
|Debtors|12|29,957||29,957|12,295|
|Prepayments
and accrued income||76,270||76,270|40,218|
|Cash in hand||52,711||52,711|164,422|
|||158,938||158,938|216,935|
|CREDITORS||||||
|Amounts
falling due within one year|13|(58,205)||(58,205)|(48,491)|
|NET CURRENT ASSETS||100,733||100,733|168,444|
|TOTAL ASSETS LESSCURRENT||||||
|LIABILITIES||9,358,854||9,358,854|8,083,542|
|NET ASSETS||9,358,854||9,358,854|8,083,542|
|FUNDS|14|||||
|Unrestricted
funds||||9,358,854|8,083,542|
|TOTAL FUNDS||||5358,854|8,883542|
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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
||||||||as restated|
|||||||5|F|
||Sandhurst|Collection sales||||162|372|
||Sandhurst|book sales|||||1,420|
|||||||162|1,792|
|3.|INVESTNIENT INCOME|||||||
|||||||2021|2020|
|||||||f|as restated|
||Sandhurst|pool invest. income||||74,467|153,736|
||CCLA investment
income|||||236,579|145,744|
||Deposit account interest|||||125|763|
|||||||311,171|300,243|
|4.|RAISING FUNDS|||||||
||Investment|management|costs|||||
|||||||2021|2020|
||||||||as restated|
|||||||F||
||Porffolio management|||||8,979|22,508|
|5.|CHARITABLE ACTIVITIES COSTS|||||||
|||||Grant||Support||
|||||funding|of|costs (see||
|||||activities||note 6)|Totals|
|||||||6||
||The Sandhurst
Collection|||58,933||5,170|64,103|
||General
sundry grants|||55,951||13,805|69,756|
||Depreciation
on asset used||for|||||
||charitable|purposes||||996|996|
||SQM Infrastructure
grants|||346,235|||346,235|
|||||461,119||19,971|481,090|
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|||||||||||Governance|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||costs|
|||||||||||6|
|The Sandhurst|||Collection|||||||5,170|
|General|sundry||grants|||||||13,805|
|Depreciation||on asset|||used for charitable||||||
|purposes||||||||||996|
|||||||||||19,971|
|Support costs,|||included||in the above, are as follows:||||||
|Governance||costs|||||||||
|||||||||2021||2020|
|||||||||||as restated|
||||||||Depreciation||||
||||||||on asset||||
||||||The|General|used for||||
||||||Sandhurst|sundry|charitable|Total||Total|
||||||Collection
E|grants
E|purposes
6|activities
f||activities|
|Auditors'|remuneration|||||6,360||6,360||6,350|
|Auditors'|remuneration||||for||||||
|non audit|work|||||5,454||5,454||5,920|
|Insurance|||||5,170|||5,170||5,390|
|Printing,|stationery|||&|||||||
|postage||||||189|||189|635|
|Sundries||||||||||4,395|
|Committee||meetings||||||||70|
|Depreciation||oftangible|||||||||
|fixed assets|||||||996||996|1,172|
|Sage support costs||||||1,802||1,802||1,551|
||||||5,170|13,805|996|19,971||25,483|
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|There were no trustee's
expenses
paid
for the year ended
31st March 20
31stMarch 2020.|There were no trustee's
expenses
paid
for the year ended
31st March 20
31stMarch 2020.|There were no trustee's
expenses
paid
for the year ended
31st March 20
31stMarch 2020.|21 nor for th|e year ended|
|---|---|---|---|---|
|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|||||
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||||as restated|
|||||8|
|INCOME AND ENDOWMENTS||FROM|||
|Donations
and legacies||24,512||24,512|
|Other trading
activities||1,792||1,792|
|Investment
income||300,243||300,243|
|Total||326,547||326,547|
|EXPENDITURE ON|||||
|Raising funds||22,508||22,508|
|Charitable
activities|||||
|The Sandhurst
Collection||54,675||54,675|
|General sundry grants||173,205||173,205|
|Depreciation
on asset|used for charitable||||
|purposes||1,172||1,172|
|SQM Infrastructure
grants||275,707||275,707|
|Total||527,267||527,267|
|Net gains/(losses)
on|investments|~677,6317||677,931|
|NET INCOME/(EXPENDITURE)||(878,651)||(878,651)|
|RECONCILIATION
OF FUNDS|||||
|Total funds brought|forward||||
|As previously
reported||8,924,263||8,924,263|
|Prior year adjustment||37,930||37,930|
|As restated||8,962,193||8,962,193|
##
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|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -|continued||
|---|---|---|---|
||Unrestricted|Restricted|Total|
||funds|funds|funds|
||||as restated
f|
|TOTAL FUNDS CARRIED FORWARD|8003542||8083542|
|10.|TANGIBLE FIXEDASSETS|||
|---|---|---|---|
||||Plant and|
||||machinery|
||COST|||
||At 1st April 2020 and 31st March 2021||12,717|
||DEPRECIATION|||
||At 1st April 2020||6,078|
||Charge for year||996|
||At 31st March 2021||7,074|
||NET BOOK VALUE|||
||At 31st March 2021||5,643|
||At 31stMarch 2020||6,639|
|11.|FIXEDASSET INVESTMENTS|||
|||2021|2020|
|||f|as restated
f|
||Shares|9,239,968|7,746,970|
||Other|12,610|161,489|
|||9.252.478|7.908459|
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|Additional
information
as follows:|||||
|---|---|---|---|---|
||Sandhurst||||
||Pool of|CCLA|Minority||
||Listed|Listed|interests||
||Investments|Investments|share|Totals|
||f|f||f|
|NIARKET VALUE|||||
|At 1stApril 2020|4,381,686|4,173,149|(807,865)|7,746,970|
|Additions|299,436|4,975,087||5,274,523|
|Disposals
Revaluations|(4,681,122)|1,034,445|~)34,848)|(4,681,122)
899,597|
|At 31stMarch 2021||10,182,681|~942,7)3)|9,239,968|
|NET BOOK VALUE|||||
|At 31st March 2021||10,182,681|~9427)3)|9239,968|
|At 31st March 2020|4,381,686|4,173,149|~807,865)|7,?46,9711|
|Investments|(neither
listed nor unlisted)
were as follow|s:||
|---|---|---|---|
|||2021|2020|
||||as restated|
||||f|
|Sandhurst|pool cash deposits|1,892|29,538|
|CCLA cash|deposits|10,618|131,951|
|||12,510|161,489|
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|DEB|TO|RS:AMO|UNTS FALLING DUE WITHIN ON|E YEAR||
|---|---|---|---|---|---|
|||||2021|2020|
||||||as restated|
|||||f|f|
|Loan|to|Sandhurst|Trust|3,257|4,895|
|Loan|to|Saddle Club||26,700|7,400|
|||||29,957|12,295|
##
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||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|
|||||||||as restated|
|||||||||f|
|Minority interests - dividends|||&interest due||||48,306|34,201|
|Accrued expenses|||||||9,899|14,290|
||||||||58,205|48,491|
|MOVEMENT|IN FUNDS||||||||
|||||||Prior|Net||
||||||At 1.4.20
f|year
adjustment
f|movement
in funds
f|At
31.3.21
f|
|Unrestricted|funds||||||||
|General fund|||||8,046,408|37,134|1,275,312|9,358,854|
|TOTAL FUNDS|||||8,046 4D8|37,134|1,275,312|9,358,854|
|Net movement|in funds,|included||in the above|are as follows:||||
||||||Incoming|Resources|Gains and|Movement|
||||||resources|expended
f|losses
f|in funds
f|
|Unrestricted|funds||||||||
|General fund|||||311,333|(490,069)|1,454,048|1,275,312|
|TOTAL FUNDS|||||311.333|~4900697|1.454048|1,275312|
##
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##
|||||Prior|Net||
|---|---|---|---|---|---|---|
|||||year|movement|At|
||||At 1.4.19|adjustment|in funds|31.3.20|
||||E|8|||
|Unrestricted||funds|||||
|General|fund||8,924,263|37,930|(878,651)|8,083,542|
|TOTAL|FUNDS|||||8,083,542|
|Compara|tive|net movement
in fun|ds,
included
in the above|are as follows:|||
|---|---|---|---|---|---|---|
||||Incoming|Resources|Gains and|Movement|
||||resources|expended|losses|in funds|
||||F|||6|
|Unrestricted||funds|||||
|General|fund||326,547|(527,267)|(677,931)|(878,651)|
|TOTAL|FUNDS||326,547|~527,267|~677,931)|j878,651)|
|A curren|t yea|r 12months
and pri|or year 12months
combined|position
is as|follows:||
|---|---|---|---|---|---|---|
|||||Prior|Net||
|||||year|movement|At|
||||At 1.4.19|adjustment|in funds|31.3.21|
|||||E|||
|Unrestricted||funds|||||
|General|fund||8,924,263|37,930|396,661|9,358,854|
|TOTAL|FUNDS||8,924,263|37,930|396,661|9,358,854|
|above a|re as|follows:|||||
|---|---|---|---|---|---|---|
||||Incoming|Resources|Gains and|Movement|
||||resources|expended|losses|in funds|
|||||E|6|6|
|Unrestricted||funds|||||
|General|fund||637,880|(1,017,336)|776,117|396,661|
|TOTAL|FUNDS||637 88tl|~1,017,336)|776,117|396661|
##
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##
||||2021|2020|
|---|---|---|---|---|
|||||as restated|
||||5|5|
|INCOME AND ENDOWMENTS|||||
|Donations
and legacies|||||
|Donations||||24,512|
|Other trading activities|||||
|Sandhurst
Collection sales|||162|372|
|Sandhurst
book sales||||1,420|
||||162|1,792|
|Investment
income|||||
|Sandhurst
pool invest. income|||74,467|153,736|
|CCLA investment
income|||236,579|145,744|
|Deposit account interest|||125|763|
||||311,171|300,243|
|Total incoming resources|||311,333|326,547|
|EXPENDITURE|||||
|Investment
management||costs|||
|Portfolio management|||8,979|22,508|
|Charitable
activities|||||
|Charitable
reception expenses||||2,464|
|Grants to supported
causes|||461,119|312,428|
|Sundry grants and donations||||164,384|
||||461,119|479,276|
|Support costs|||||
|Governance costs|||||
|Auditors'
remuneration|||6,360|6,350|
|Auditors'
remuneration|for|non audit work|5,454|5,920|
|Insurance|||5,170|5,390|
|Printing,
stationery
&postage|||189|635|
|Sundries||||4,395|
|Committee
meetings||||70|
|Carried forward|||17,173|22,760|
##
##
|||2021|2020|
|---|---|---|---|
||||as restated|
||||6|
|Governance costs||||
|Brought forward||17,173|22,760|
|Plant and machinery||996|1,172|
|Sage support costs||1,802|1,551|
|||19,971|25,483|
|Total resources expended||490,069|527,267|
|Net expenditure
before gains and losses||(178,736)|(200,720)|
|Realised recognised|gains and losses|||
|Realised gains/(losses)|on fixed asset|||
|investments||450,840|43,650|
|Net income/(expenditure)||272,104|(157,070)|