| Page | ||
|---|---|---|
| Report ofthe Trustees | 1to5 | |
| Statement ofTrustees' |
Responsibilities | |
| Report ofthe Independent Auditors |
7to9 | |
| Statement of FinancialActivities | 10 | |
| Balance Sheet | 11to 12 | |
| Notes to the Financial | Statements | 13to 21 |
| 31.3.21 | 31.3.20 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total funds | Total funds | ||||
| funds | funds | ||||||
| Notes | E | E | E | E | |||
| INCOME AND ENDOWMENTS | FROM | ||||||
| Donations and legacies |
27,265 | 137,468 | 164,733 | 143,030 | |||
| Charitable activities |
|||||||
| Undertakings to repay |
39,249 | ||||||
| Investment income |
120,804 | 140,716 | 261,520 | 266,593 | |||
| Total | 148,069 | 278,184 | 426,253 | 448,872 | |||
| EXPENDITURE ON | |||||||
| Charitable activities |
|||||||
| General | 165,344 | 232,617 | 397,961 | 369,225 | |||
| Total | (17,275) | 45,567 | 28,292 | 79,647 | |||
| Net gains/(losses) on |
investments | 644,525 | 826,071 | 1,470,596 | (757,690) | ||
| NET INCOME/(EXPENDITURE) | 627,250 | 871,638 | 1,498,888 | (678,043) | |||
| RECONCILIATION OF |
FUNDS | ||||||
| Total funds brought | forward | 3,340,449 | 3,881,132 | 7,221,581 | 7,899,624 | ||
| TOTAL FUNDS CARRIED FORWARD | 3,967,699 | 4,752,770 | 8,720,469 | 7,221,581 |
| 31.3.21 | 31.3.20 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total funds | Total funds | ||||
| funds | funds | ||||||
| Notes | E | f | |||||
| FIXED ASSETS | |||||||
| Tangible assets | 23,746 | 23,746 | 24,146 | ||||
| Investments | 3,630,526 | 4,301,566 | 7,932,092 | 6,352,609 | |||
| 3,630,526 | 4,325,312 | 7,955,838 | 6,376,755 | ||||
| CURRENT ASSETS | |||||||
| Debtors | 10 | 5,378 | 5,378 | 53,500 | |||
| Cash at bank | 334,795 | 434,499 | 769,294 | 801,784 | |||
| 340,173 | 434,499 | 774,672 | 855,284 | ||||
| CREDITORS | |||||||
| Amounts falling |
due within | one year | (3,000) | (7,041) | (10,041) | (10,458) | |
| NET CURRENT ASSETS | 337,173 | 427,458 | 764,631 | 844,826 | |||
| TOTAL ASSETS LESSCURRENT LIABILITIES | 3,967,699 | 4,752,770 | 8,720,469 | 7,221,581 | |||
| NET ASSETS | 3,967,699 | 4,752,770 | 8,720,469 | 7,221,581 | |||
| FUNDS | 12 | ||||||
| Unrestricted funds: |
|||||||
| General fund | 3,967,699 | 3,340,449 | |||||
| Restricted funds: | |||||||
| Robert Freeman | Master's | Fund | 164,034 | 137,171 | |||
| Welfare Fund | 4,588,736 | 3,743,961 | |||||
| 4,752,770 | 3,881,132 | ||||||
| TOTAL FUNDS | 8,720,469 | 7,221,581 |
| Incoming | Resources | 31.3.21 | 31.3.20 | ||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| Funds | Funds | Funds | Funds | ||||
| f | E | f | E | ||||
| Voluntary | income | ||||||
| Donations | 27,265 | 137,468 | 164,733 | 143,030 | |||
| Investment | income | —Bank interest received | 450 | ||||
| Investment | income | 120,804 | 135,594 | 256,398 | 260,594 | ||
| Robert Freeman Master's |
Fund | 5,122 | 5,122 | 5,549 | |||
| 148,069 | 278,184 | 426,253 | 409,623 | ||||
| Income from Charitable | Activities | ||||||
| Undertakings to repay |
39,249 | ||||||
| 148,069 | 278,184 | 426,253 | 448,872 |
| 3. | INVESTMENT INCOME | INVESTMENT INCOME | ||
|---|---|---|---|---|
| 31.3.21 | 31.3.20 | |||
| f | f | |||
| Investment | income | 261,520 | 266,143 | |
| Deposit account interest | 450 | |||
| 261,520 | 266,593 |
| f | f | or th | e yea | r ended | 31st March 20 | 21 | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 4. | CHARITABLE ACTIVITIES | COSTS | |||||||||
| Charitable activities |
31.3.21 | 31.3.20 | |||||||||
| Unrestricted | Restricted | Total | Total | ||||||||
| Fund | Fund | Funds | Funds | ||||||||
| f | f | f | E | ||||||||
| Grants and donations | |||||||||||
| Sevenoaks School Music | award | 500 | |||||||||
| Pembroke College Settlement |
30,000 | 30,000 | 30,000 | ||||||||
| Arundel Castle Cricket Foundation |
10,000 | 10,000 | 10,000 | ||||||||
| Guildhall School of Music and |
Drama | 20,000 | 20,000 | 20,000 | |||||||
| Riding and Carriage Driving for the |
Disabled | Barrow | |||||||||
| Farm | 10,000 | 10,000 | 10,000 | ||||||||
| Sheriffs' and Recorder's | Fund | 10,000 | 10,000 | 10,000 | |||||||
| Royal British Legion | 500 | 500 | 500 | ||||||||
| Clergy Support Trust | 500 | 500 | 500 | ||||||||
| The London Regiment Welfare Fund | 2,500 | 2,500 | 2,500 | ||||||||
| St Lawrence Jewry | 1,000 | 1,000 | 1,000 | ||||||||
| Physics Partners | 10,000 | 10,000 | 10,000 | ||||||||
| ABFThe Soldiers' Charity | 1,000 | 1,000 | 1,000 | ||||||||
| The Company of Hackney Carriage | Drivers' | 1,400 | |||||||||
| Charitable Trust (Magical |
Taxi | Tour | Disney) | ||||||||
| Bobath Centre | 10,000 | 10,000 | 10,000 | ||||||||
| Mark Evison Foundation | 10,000 | 10,000 | 10,000 | ||||||||
| St. Paul's Cathedral Foundation |
1,000 | 1,000 | 1,000 | ||||||||
| Katherine Low Settlement |
10,000 | 10,000 | 5,000 | ||||||||
| Spitalfields Crypt Trust |
11,000 | 11,000 | 11,000 | ||||||||
| Welfare fund | |||||||||||
| Maintenance grants |
27,300 | 27,300 | 25,600 | ||||||||
| Pensions and general relief |
46,575 | 46,575 | 45,165 | ||||||||
| One off Grants | 15,161 | 15,161 | 30,576 | ||||||||
| Welfare Assistance | 24,146 | 24,146 | 31,489 | ||||||||
| TV Rentals and Licences | 7,584 | 7,584 | 6,647 | ||||||||
| Christmas and Birthday Gifts |
25,215 | 25,215 | 23,659 | ||||||||
| House Insurance | 1,169 | 1,169 | 952 | ||||||||
| Deprecation of Buildings |
400 | 400 | 400 | ||||||||
| Robert Freeman Master's Fund |
|||||||||||
| The London Nautical School |
1,000 | ||||||||||
| The Temple Church | 500 | ||||||||||
| The Wellington Trust |
250 | ||||||||||
| Irish Guards Association | Benevolent | Account | 500 | ||||||||
| Iron Bridge Gorge Museum | 250 | ||||||||||
| Sevenoaks School Foundation | 2,500 | ||||||||||
| All Hallows by the Tower |
250 | ||||||||||
| Cambs East Guides | 750 | 750 | |||||||||
| Cheveley Primary School |
PT&FA | 1,000 | 1,000 | ||||||||
| Co of Pikemen &Musketeers |
Charitable | Trust | 1,000 | 1,000 | |||||||
| East Anglian Air Ambulance |
500 | 500 | |||||||||
| Gurka Welfare Trust | 500 | 500 | |||||||||
| Newmarket District Scouts Council |
750 | 750 | |||||||||
| 137,500 | 152,050 | 289,550 | 304,138 |
| 31.3.21 | 31.3.20 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| Fund | Fund | Funds | Funds | ||||
| f | f | f | f | ||||
| Grants and donations | 137,500 | 152,050 | 289,550 | 304,138 | |||
| Support | costs and governance | ||||||
| Auditors' | remuneration | 3,000 | 3,000 | 6,000 | 6,000 | ||
| Investment management |
fees | 19,160 | 21,607 | 40,767 | 5,582 | ||
| Trustees' | indemnity | insurance | 626 | 626 | 620 | ||
| Administration fees |
4,600 | 45,400 | 50,000 | 47,292 | |||
| Office costs and bank charges | 458 | 6,797 | 7,255 | 3,052 | |||
| House repairs | 3,747 | 3,747 | 338 | ||||
| Sundries | 16 | 16 | 2,203 | ||||
| 27,844 | 80,567 | 108,411 | 65,087 | ||||
| Total | 165,344 | 232,617 | 397,961 | 369,225 |
| Net incom | e/(e | xpenditure | ) is stated after charging/(creditin |
g): | |
|---|---|---|---|---|---|
| 31.3.21 | 31.3.20 | ||||
| f | f | ||||
| Auditors' | remuneration | 6,000 | 6,000 | ||
| Depreciation | —owned | assets | 400 | 400 |
| Unrestricted | Restricted | Total | ||||
|---|---|---|---|---|---|---|
| funds | funds | funds | ||||
| f | f | f | ||||
| INCOME AND ENDOWMENTS | FROM | |||||
| Donations and legacies |
31,876 | 111,154 | 143,030 | |||
| Undertakings to repay |
39,249 | 39,249 | ||||
| Investment income |
122,578 | 144,015 | 266,593 | |||
| Total | 154,454 | 294,418 | 448,872 | |||
| EXPENDITURE ON | ||||||
| Charitable activities |
||||||
| General | 148,702 | 220,523 | 369,225 | |||
| Net gains/(losses) on investments |
(339,110) | (418,580) | (757,690) | |||
| NET INCOME/(EXPENDITURE) | (333,358) | (344,685) | (678,043) | |||
| RECONCILIATION OF |
FUNDS | |||||
| Total funds brought | forward | 3,673,807 | 4,225,817 | 7,899,624 | ||
| TOTAL FUNDS CARRIED FORWARD | 3,348,443 | 3,881,132 | 7,221,381 | |||
| 8. | TANGIBLE FIXED ASSETS | |||||
| Freehold | ||||||
| property | ||||||
| f | ||||||
| COST | ||||||
| At 1st April 2020 and | 31st March 2021 | 40,178 | ||||
| DEPRECIATION | ||||||
| At 1st April 2020 | 16,032 | |||||
| Charge for year | 400 | |||||
| At 31stMarch 2021 | 16,432 | |||||
| NET BOOK VALUE | ||||||
| At 31st March 2021 | 23,746 | |||||
| At 31stMarch 2020 | 24,146 |
| . | FIXED ASSET I | NVEST | M | ENTS | |||
|---|---|---|---|---|---|---|---|
| Listed | |||||||
| investments | |||||||
| f | |||||||
| MARKET VALUE | |||||||
| At 1st April 2020 | 6,352,609 | ||||||
| Additions | 1,037,049 | ||||||
| Disposals | (835,968) | ||||||
| Revaluations | 1,378,402 | ||||||
| At 31st March | 2021 | 7,932,092 | |||||
| NET BOOK VALUE | |||||||
| At 31stMarch | 2021 | 7,932,992 | |||||
| At 31st March | 2020 | 6,352,609 | |||||
| 64%ofthe investments | held were inside the UK. | ||||||
| Cost or valuation at 31st March 2021 is represented |
by: | ||||||
| Listed | |||||||
| investments | |||||||
| f | |||||||
| Valuation as at 2021 |
2,610,337 | ||||||
| Cost | 5,321,755 | ||||||
| 7,932,092 | |||||||
| Revaluations | |||||||
| 31.3.21 | 31.3.20 | ||||||
| f | f | ||||||
| Realised investment | gains | 92,194 | 64,085 | ||||
| Unrealised gains / (losses) |
1,378,402 | (821,775) | |||||
| 1,470,596 | (757,690) | ||||||
| 10. | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE | YEAR | ||||
| 31.3.21 | 31.3.20 | ||||||
| f | |||||||
| Other debtors | 5,378 | ||||||
| Prepayments | and accrued income | 53,500 | |||||
| 5,378 | 53,500 |
| CREDITORS: AMOUNT | S FALLING DUE WITHIN ONE YEAR |
||
|---|---|---|---|
| 31.3.21 | 31.3.20 | ||
| E | |||
| Trade creditors | 4,041 | ||
| Accruals and deferred | income | 6,000 | 10,458 |
| 10,041 | 10,458 |
| MOVEMENT | IN | FUNDS | ||||
|---|---|---|---|---|---|---|
| Net | ||||||
| movement in |
||||||
| At 1.4.20 | funds | At 31.3.21 | ||||
| f | f | E | ||||
| Unrestricted | funds | |||||
| General fund | 3,340,449 | 627,250 | 3,967,699 | |||
| Restricted funds | ||||||
| Robert Freeman | Master's | Fund | 137,171 | 26,863 | 164,034 | |
| Welfare Fund | 3,743,961 | 844,775 | 4,588,736 | |||
| 3,881,132 | 871,638 | 4,752,770 | ||||
| TOTAL FUNDS | 7,221,581 | 1,498,888 | 8,720,469 |
| Incoming | Resources | Gains and | Movement in |
||||
|---|---|---|---|---|---|---|---|
| resources | expended | losses | funds | ||||
| E | E | E | E | ||||
| Unrestricted | funds | ||||||
| General fund | 148,069 | (165,344) | 644,525 | 627,250 | |||
| Restricted funds | |||||||
| Robert Freeman | Master's | Fund | 5,122 | (5,303) | 27,044 | 26,863 | |
| Welfare Fund | 273,062 | (227,314) | 799,027 | 844,775 | |||
| 278,184 | (232,617) | 826,071 | 871,638 | ||||
| TOTAL FUNDS | 426,253 | (397,961) | 1,470,596 | 1,498,888 |
| Incoming | Resources | Gains and | Movement | |||||
|---|---|---|---|---|---|---|---|---|
| resources f |
expended f |
losses f |
in funds f |
|||||
| Unrestricted | funds | |||||||
| General | fund | 154,454 | (148,702) | (339,110) | (333,358) | |||
| Restricted funds | ||||||||
| Robert | Freeman | Master's | Fund | 5,549 | (5,363) | (13,208) | (13,022) | |
| Welfare | Fund | 288,869 | (215,160) | (405,372) | (331,663) | |||
| 294,418 | (220,523) | (418,580) | (344,685) | |||||
| TOTAL | FUNDS | 448,872 | (369,225) | (757,690) | (678,043) |