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2022-04-05-accounts
Trustees |
MMCFTrusteeLimited |
| Charitynumber |
1140648 |
| Principaladdress |
AlexandraHouse |
|
StJohnsStreet |
|
Salisbury |
|
Wiltshire |
|
SP12S6 |
| Independentexaminer |
JamesFletcherFCA |
|
FletcherftPartners |
|
CrownChambers |
|
BridgeStreet |
|
Salisbury |
|
SP12LZ |
| Solicitors |
WilsonsSolicitorsLLP |
|
AlexandraHouse |
|
StJohnsStreet |
|
Salisbury |
|
Wiltshire |
|
SP125B |
| 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 |
4 |
| Independentexaminersreport |
5 |
| Statementoffinancialactivities |
6 |
Balancesheet |
7 |
| Notestotheaccounts |
8-13 |
INCLUDINGINCOMEANDEXPENDITUREAC
FORTHEYEARENDED5APRIL2022 |
COUNT |
|
|
|
|
2022 |
2021 |
|
Notes |
E |
E |
| Incomefrom• |
|
|
|
Investments |
2 |
166,192.43 |
149,201.38 |
| Expenditureon• |
|
|
|
| Raisingfunds |
3 |
(133,551.27) |
(107,347.01) |
| Charitableactivities |
4 |
(486,563.12) |
(460,747.33) |
Totalexpenditure |
|
(620,114.39) |
(568,094.34) |
| Netgains/(losses)oninvestments |
7 |
762,568.14 |
2,968,171.71 |
| Netmovementinfunds |
|
308,646.18 |
2,549,278.75 |
| Fundbalancesat6April2021 |
|
14,078,249.74 |
11,528,970.99 |
| Fundbalancesat5April2022 |
|
14,386,895.92 |
14,078,249.74 |
|
|
2oz2 |
2oz2 |
2021 |
2021 |
|
Notes |
E |
E |
E |
E |
| Fixedassets |
|
|
|
|
|
| Investments |
11 |
|
14,289,012.66 |
|
14,103,883.67 |
Currentassets |
|
|
|
|
|
| Debtors |
9 |
1,254.85 |
|
3,247.46 |
|
| Cashatbankandinhand |
|
125,968.55 |
|
|
|
|
|
127,223.40 |
|
|
|
| Creditors:amountsfallingduewithin |
10 |
|
|
|
|
oneyear |
|
|
|
(108,361.91) |
|
| Netcurrentassets/(liabilities) |
|
|
|
|
|
| Totalassetslesscurrentliabilities |
|
|
14,386,895.92 |
|
|
| Unrestrictedfunds |
|
|
14,386,895.92 |
|
14,078,249.74 |
|
2022 |
2021 |
|
£ |
£ |
| Incomefromlistedinvestments |
165,026.94 |
147,287.08 |
| Interestreceivable |
28.42 |
41.78 |
| Accruedincome |
1.137.07 |
1.872.52 |
|
1[Z~L'l~~~L'L'~4~1~2:1 |
|
| Raisingfunds |
|
|
|
2022 |
2021 |
|
£ |
£ |
| Investmentmanagement |
133,551.27 |
107,347.01 |
|
133.551.27 |
107.347.01 |
| 4 |
. . .
Chartableactivities |
|
|
|
|
|
|
2022 |
2021 |
|
|
|
£ |
£ |
|
Grantfundingofactivities(seenote5) |
|
438,546.23 |
406,241.76 |
|
Shareofgovernancecosts(seenote6) |
|
48,016.89 |
54,505.57 |
|
|
|
486,563.12 |
460,747.33 |
| 5 |
Grantspayable |
|
|
|
|
|
|
2022 |
2021 |
|
|
|
£ |
£ |
|
Grantstoinstitutions: |
|
353,000.00 |
286,000.00 |
|
Grantstoindividuals: |
|
85,546.23 |
120,241.76 |
| 6 |
Supportcosts |
|
|
|
|
|
2022 |
|
2021 |
|
|
£ |
|
E |
|
IndependentExaminationsfees |
2,400.00 |
|
2,400.00 |
|
TrusteeExpenses |
1,881.17 |
|
95.92 |
|
Legalfees |
42,823.80 |
|
50,664.60 |
|
Sundrydisbursements |
516.00 |
|
948.00 |
|
Bankcharges |
28.92 |
|
30.05 |
|
LegalfeesreTrustCompany |
367.00 |
|
367.00 |
|
|
48,016.89 |
|
54,505.57 |
| 7 |
Unrealisedandrealisedgains/(losses) |
2022 |
2021 |
|
|
£ |
E |
|
Realisedgainsonsalesofinvestments |
608,869.99 |
468,498.04 |
|
Revaluationofinvestments |
|
|
|
Netgains/(losses)oninvestments |
|
|
| 9 |
Debtors |
|
|
|
|
2022 |
2021 |
|
Amountsfallingduewithinoneyear: |
E |
E |
|
Otherdebtors |
1,254.85 |
3,247.46 |
| 10 |
Creditors:amountsfallingduewithinoneyear |
|
|
|
|
2022 |
2021 |
|
|
E |
£ |
|
Othercreditors |
29,340.14 |
108,361.91 |
| FixedAssetInvestments |
|
|
|
|
|
|
|
|
|
|
|
|
|
2022 |
2021 |
|
Equities |
Bonds |
Other |
Cash |
|
|
|
| Marketvalueat5April2021 |
9,725,138.68 |
2,885,991.53 |
1,069,849.63 |
|
422,903.83 |
14,103,883.67 |
11,531,490.28 |
| Acquisitionsinyear |
581,120.20 |
547,143.82 |
267,686.29 |
|
|
1,395,950.31 |
3,152,794.93 |
| Disposalsinyearatcarryingvalue |
(1,435,023.61) |
(393,436.06) |
(97,756.49) |
|
|
(1,926,216.16) |
(3,557,484.32) |
| Unrealisedgains/(losses)onrevaluation |
736,550.74 |
(74,331.43) |
10,002.65 |
|
|
672,221.96 |
2,681,463.50 |
| Increase/(decrease)ininvestmentcash |
|
|
|
|
43,172.88 |
|
|
| Marketvalueat5April2022 |
|
|
|
|
|
14,289,012.66 |
14,103,883.67 |
| Listedonrecognisedstockexchanges |
|
|
|
|
|
13,822,935.95 |
13,680,979.84 |
Cash |
|
|
|
|
|
|
|
|
|
|
|
|
|
14,289,012.66 |
14,103,883.67 |
|
Equities |
Bonds |
Other |
|
|
|
|
| Historicalcostat5April2022 |
5,282,892.20 |
2,907,845.76 |
1,178,753.89 |
|
|
9,369,491.85 |
9,381,233.89 |