| Page | ||
|---|---|---|
| Trustees' annual report |
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| Independent examiner's report to the trustees |
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| Statement offinancial | activities | |
| Statement of financial | position | |
| Notes to the financial | statements |
| Registered | charity | name | William Kenneth |
William Kenneth |
Hutchings | Charitable | Trust |
|---|---|---|---|---|---|---|---|
| Charity registration | number | 1136841 | |||||
| Principal office | Hartford House Southemhay Gardens |
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| Exeter | |||||||
| EX1 1NP | |||||||
| The trustees | J Hawkins | ||||||
| CP Marshall | |||||||
| G Marshall | |||||||
| Independent | examiner | Mrs SLWatts 5West Street |
FCCA DChA | ||||
| Okehampton | |||||||
| Devon | |||||||
| EX20 1HQ |
| Year ended 30June | 202 | 1 | |||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| Unrestricted | Endowment | ||||||
| funds | funds | Totalfunds | Total funds | ||||
| Note | 6 | 6 | F | ||||
| Income and endowments Investment income |
4 | 22,287 | 22,287 | 25,234 | |||
| Total income | 22,287 | 22,287 | 25,234 | ||||
| Expenditure | |||||||
| Expenditure on raising funds: |
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| Costs of raising donations and legacies Investment management costs Expenditure on charitable activities |
5 6 7 |
78 6,258 31,916 |
78 6,258 31,916 |
78 6,605 29,497 |
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| Total expenditure | 38,252 | 38,252 | 36,180 | ||||
| Net gains on investments | 9 | 84,517 | 84,517 | (43,364) | |||
| Net expenditure | 68,552 | 68,552 | (54,310) | ||||
| Transfers between funds |
(76,742) | 76,742 | |||||
| Net movement in funds |
(8,190) | 76,742 | 68,552 | (54,310) | |||
| Reconciliation offunds Total funds brought forward |
17,260 | 671,480 | 688,740 | 743,050 | |||
| Total funds carried forward | 9,070 | 748,222 | 757,292 | 688740 |
| Statement ofFin 30June 2021 |
ancial Position | |||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Note | 6 | |||
| Fixed assets Investments |
13 | 748,222 | 671,480 | |
| Current assets Cash at bank and in hand |
10,515 | 20,150 | ||
| Creditors: amounts | falling due within one year | 14 | 1,445 | 2,890 |
| Net current assets | 9,070 | 17,260 | ||
| Total assets less current liabilities | 757,292 | 688,740 | ||
| Net assets | 757,292 | 688,740 | ||
| Funds ofthe charity Endowment funds Unrestricted funds |
748,222 9,070 |
671,480 17,260 |
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| Totalcharityfunds | 15 | 757,292 | 688,740 |
| 4. | Investment | income | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2021 f |
Funds | 2020 | ||||
| Income from | listed investments | 22,287 | 22,287 | 25,234 | 25,234 | ||
| 5. | Costs ofraising donations | and | legacies | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Subscriptions | Funds f 78 |
2021 78 |
Funds f 78 |
2020 F 78 |
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| 6. | Investment | management | costs | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2021 | Funds | 2020 | ||||
| 8 | F | ||||||
| Portfolio management | 6,258 | 6,258 | 6,605 | 6,605 |
| 7. | Expenditure on charitable |
activities by fund type | activities by fund type | activities by fund type | |||
|---|---|---|---|---|---|---|---|
| Grants payable Support costs |
Unrestricted Funds 6 28,000 3,916 31,916 |
Total Funds 2021 28,000 3,916 31,916 |
Unrestricted Funds 6 26,000 3,497 29,497 |
Total Funds 2020 26,000 3,497 29,497 |
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| 8. | Analysis ofgrants | ||||||
| 2021 | 2020 | ||||||
| E | E | ||||||
| Grants to institutions WESC Foundation Exeter Royal Academy for Living Paintings SENSE RSBC |
Deaf | 11,500 11,500 1,000 3,000 1,000 |
12,000 10,000 3,000 1,000 |
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| 28,000 | 26,000 | ||||||
| Grants to individuals | |||||||
| Grants to individuals | |||||||
| Total grants | 28,000 | 26,000 | |||||
| 9. | Net gains on investments | ||||||
| Unrestricted | Endowment | Total Funds | |||||
| Funds 6 |
Funds f |
2021 6 |
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| Gains/(losses) on listed investments |
84,517 | 84,517 | |||||
| Unrestricted | Endowment | Total Funds | |||||
| Funds | Funds | 2020 | |||||
| 6 | E | E | |||||
| Gains/(losses) on listed investments |
(43,364) | (43,364) | |||||
| 10. | Independent examination |
fees | |||||
| 2021 | 2020 | ||||||
| 6 | 6 | ||||||
| Fees payable to the independent Independent examination ofthe |
examiner for: financial statements |
1,435 | 1,445 |
| Investments | |
|---|---|
| Listed | |
| investments | |
| Cost or valuation At 1 July 2020 Additions Disposals Fair value movements |
671,480 41,246 (51,221) 86,717 |
| At 30June 2020 | 748,222 |
| Impairment At 1July 2020 and 30June 2021 |
|
| Carrying amount At 30June 2021 |
748,222 |
| At 30June 2020 | 671,480 |
| 2021 | 2020 |
|---|---|
| 8 | E. |
| 1,445 | 2,890 |
| Analysis ofcharitab | le funds |
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|---|---|---|---|---|---|
| Unrestricted funds General funds |
At 1 Jul 2020 f 17,260 |
Income f 22,287 |
Expenditure f (38,252) |
Transfers (76,742) |
Gains and At losses 30 Jun 2021 84,517 9,070 |
| Endowment funds Endowment Fund |
At 1 Jul 2020 671,480 |
Income F |
Expenditure f |
Transfers 8 76,742 |
Gains and At losses 30Jun 2021 f 8 748,222 |
| Analysis of net as | sets between | funds | |||
|---|---|---|---|---|---|
| Investments Current assets Creditors less than |
1 year | Unrestricted Funds F 10,515 (1,445) |
Endowment Funds 5 748,222 |
Total Funds 2021 6 748,222 10,515 (1,445) |
Total Funds 2020 F 671,480 20,150 (2,890) |
| Net assets | 9,070 | 748,222 | 757,292 | 688,740 |