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2021-04-05-accounts
Trustees |
MMCFTrusteeLimited |
| Charitynumber |
1140648 |
Principaladdress |
AlexandraHouse |
|
StJohnsStreet |
|
Salisbury |
|
Wiltshire |
|
SP12SB |
| Independentexaminer |
JamesFletcherFCA |
|
Fletcher~ Partners |
|
CrownChambers |
|
BridgeStreet |
|
Salisbury |
|
SP12LZ |
| Solicitors |
WilsonsSolicitorsLLP |
|
AlexandraHouse |
|
StJohnsStreet |
|
Salisbury |
|
Wiltshire |
|
SP12SB |
| Investmentadvisors |
QuitterCheviotInvestmentManagement |
|
90LongAcre |
|
London |
|
WC2E9RA |
|
SAGAS.A. |
|
13rueCeard |
|
CasePostale3638 |
|
CH-1211Geneva3 |
|
Switzerland |
|
JuliusBaer&CoLtd |
|
LefebvreCourt,LefebvreStreet |
|
StPeterPort |
|
Guernsey |
|
ChannelIslands |
|
GY14BS |
|
Page |
| Trustee'sreport |
1 -3 |
| Statementoftrustee'sresponsibilities |
|
| Independentexaminer'sreport |
|
| Statementoffinancialactivities |
|
| Balancesheet |
7 |
| Notestotheaccounts |
8 -13 |
| FORTHEYEARENDED5APRIL2021 |
|
|
|
|
|
|
|
2021 |
2020 |
|
Notes |
|
£ |
£ |
| Incomefrom: |
|
|
|
|
Investments |
2 |
|
149,201.38 |
186,423.03 |
| Expenditureon: |
|
|
|
|
| Raisingfunds |
3 |
(107,347.01) |
|
(92,414.28) |
| Charitableactivities |
4 |
(460.747.331 |
|
(298.407.691 |
| Totalexpenditure |
|
|
|
|
| Netgains/(losses)oninvestments |
7 |
2.968.171.71 |
|
(388.866.491 |
| Netmovementinfunds |
|
|
|
|
| Fundbalancesat6April2020 |
|
11,528,970.9912,122,236.42 |
|
|
| Fundbalancesat5April2021 |
|
wi |
n-se~~n~iA Acannonnn |
|
|
|
2021 |
2021 |
2020 |
2020 |
|
Notes |
E |
£ |
£ |
£ |
| Fixedassets |
|
|
|
|
|
Investments |
11 |
|
14,103,883.67 |
|
11,531,490.28 |
| Currentassets |
|
|
|
|
|
| Debtors |
9 |
3,247.46 |
|
6,110.12 |
|
| Cashatbankandinhand |
|
79,480.52 |
|
62,459.49 |
|
|
|
82,727.98 |
|
68,569.61 |
|
| Creditors:amountsfallingduewithin |
10 |
|
|
|
|
oneyear |
|
(108,361.91) |
|
(71,088.90) |
|
| Netcurrentliabilities |
|
|
(25,633.93) |
|
(2,519.29) |
| Totalassetslesscurrentliabilities |
|
|
14,078,249.74 |
|
11,528,970.99 |
Unrestrictedfunds |
|
|
14,078,249.74 |
|
11,528,970.99 |
|
|
|
14,078,249.74 |
|
11,528,970.99 |
|
|
2021 |
2020 |
|
|
E |
E |
|
Incomefromlistedinvestments |
147,287.08 |
181,305.23 |
|
Interestreceivable |
41.78 |
382.62 |
|
Accruedincome |
1.872.52 |
4.735.18 |
|
|
~cs~~~y~ct:~r:ixr~~~F~ |
|
| 3 |
Raisingfunds |
|
|
|
|
2021 |
2020 |
|
|
E |
E |
|
Investmentmanagement |
107,347.01 |
92,414.28 |
|
|
107.347.01 |
92.414.28 |
| 4 |
Charitableactivities |
|
|
|
|
|
|
2021 |
2020 |
|
|
|
E |
£ |
|
Grantfundingofactivities(seenote5) |
|
406,241.76 |
256,003.00 |
|
Shareofgovernancecosts(seenoteb) |
|
54,505.57 |
42,404.69 |
| 5 |
Grantspayable |
|
|
|
|
|
|
2021 |
2020 |
|
|
|
E |
E |
|
Grantstoinstitutions: |
|
286,000.00 |
197,500.00 |
|
Grantstoindividuals: |
|
120.241.76 |
58.503.00 |
| 6 |
Supportcosts |
|
|
|
|
|
2021 |
|
2020 |
|
|
£ |
|
£ |
|
IndependentExaminationsfees |
2,400.00 |
|
2,400.00 |
|
TrusteeExpenses |
95.92 |
|
6,686.76 |
|
Legalfees |
50,664.60 |
|
32,340.00 |
|
Sundrydisbursements |
948.00 |
|
467.52 |
|
Bankcharges |
30.05 |
|
17.84 |
|
Federalstamp |
- |
|
125.57 |
|
LegalfeesreTrustCompany |
367.00 |
|
367.00 |
|
|
54,505.57 |
|
42,404.69 |
| 7 |
Unrealisedandrealisedgains/(losses) |
2021 |
2020 |
|
|
E |
E |
|
Realisedgainsonsatesofinvestments |
468,498.04 |
360,537.20 |
|
Revaluationofinvestments |
2.499.673.67 |
(749.403.691 |
|
Netgains/(losses)oninvestments |
L,y6tS,7/7./7 |
(3tS~S,tS66.4y) |
| 9 |
Debtors |
|
|
|
|
2021 |
2020 |
|
Amountsfallingduewithinoneyear: |
£ |
£ |
|
Otherdebtors |
3,247.46 |
6,110.12 |
| 10 |
Creditors:amountsfallingduewithinoneyear |
|
|
|
|
2021 |
2020 |
|
|
£ |
£ |
|
Othercreditors |
108,361.91 |
71,088.90 |
| FixedAssetInvestments |
|
|
|
|
|
|
|
|
|
|
|
|
|
2021 |
2020 |
|
Equities |
Bonds |
Other |
Cash |
|
£ |
E |
Marketvalueat5 Apri12020 |
7,825,124.99 |
2,935,668.45 |
643,412.29 |
|
127,284.55 |
11,531,490.28 |
12,113,569.12 |
Acquisitionsinyear |
1,571,412.62 |
1,402,508.72 |
178,873.59 |
|
|
3,152,794.93 |
2,372,931.36 |
Disposalsinyearatcarryingvalue |
(1,870,653.20) |
(1,581,260.65) |
(105,570.47) |
|
|
(3,557,484.32) |
(2,432,598.17) |
Unrealisedgains/(losses)onrevaluation |
2,199,254.27 |
129,075.01 |
353,134.22 |
|
|
2,681,463.50 |
(502,070.69) |
Increase/(decrease)ininvestmentcash |
|
|
|
|
295,619.28 |
295,619.28 |
(20,341.34) |
Marketvalueat5 Apri12021 |
9,725,138.68 |
2,885,991.53 |
1,069,849.63 |
|
422,903.83 |
14,103,883.67 |
11,531,490.28 |
Listedonrecognisedstockexchanges |
|
|
|
|
|
13,680,979.84 |
11,404,205.73 |
Cash |
|
|
|
|
|
422,903.83 |
127,284.55 |
|
|
|
|
|
|
14,103,883.67 |
11,531,490.28 |
|
Equities |
Bonds |
Other |
|
|
£ |
E |
Historicalcostat5 Apri12021 |
5,597,544.55 |
2,772,512.00 |
1,011,177.34 |
|
|
9,381,233.89 |
£9,603,848.03 |