##
|Page|Description|Description||
|---|---|---|---|
||Legal and|Administrative|Information|
|4-5|Trustees'|Report||
||Examiner's|Report||
||Statement|of Financial|Activities|
||Balance Sheet|||
|9-13|Notes|||
##
##
|Charity Registration|Charity Registration|Number|1143502|||
|---|---|---|---|---|---|
|Settlors|||Ms Dawn Loraine Thesiger and Ms Philippa||Merryn Thesiger|
|Governing|Instrument||Declaration
ofTrust dated 22 March 2011|||
|Trustees|||Mrs Charlotte
Brown|||
||||Mrs Laura Dadswell|||
||||Mrs Jocelyn
Neill|||
|Law ofTrust|||England
&Wales|||
|Principal Address for|||Penningtons
Manches Cooper LLP|||
|Correspondence|||31 Chertsey Street|||
||||Guildford|||
||||Surrey
GU1 4HD|||
|Solicitors|||Penningtons
Manches Cooper LLP|||
||||31 Chertsey Street|||
||||Guildford|||
||||Surrey
GU1 4HD|||
|Investment|Managers||Saranac Partners|||
||||16StJames's Street|||
||||London|||
||||SW1A 1ER|||
|Custodians|||Credit Suisse (UK) Ltd|||
||||Five Cabot Square|||
||||London|||
||||E144QR|||
|Accountants|&Examiners||Steve Robinson
FCA|||
||||Mercer 8 Hole Chartered|Accountants||
||||21 Lombard
Street|||
||||London
EC3V 9AH|||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||||||Restated|
|---|---|---|---|---|---|---|---|---|
||||||2020|2020|2020|2019|
||||||Unrestricted|Endowment|||
|||||Note|fundf|Fundf|Totalf|Total
f|
|Income|||||||||
|Incoming
resources
from generated|||funds:||||||
|Investment
Income|||||85,145||85,145|70,898|
|Other income|||||47,993||47,993||
|Endowment
funds||||||(85,386)|(85,386)|4,067,756|
|Total Income|||||133,138|85,386|47,752|4,138,654|
|~Ex enditure|||||||||
|Charitable
activities:|||||||||
|Grants to Charities|||||(189,963)||(189,963)||
|Legal and administrative|costs||||(32,584)||(32,584)|(39,104)|
|Cost of raising funds|||||(50,220)||(50,220)|(25,239)|
|Gains/ Losses
on Investment||Assets|||||||
|Currency
gains
/ (losses)|||||(18,187)||(18,187)|(709)|
|Realised
during the year|||||(145,353)||(145,353)|12,947|
|Unrealised
during
the year|||||227,977||227,977|110,001|
|Net ex enditure
for the
ear|after||||||||
|ains and losses|||||208,330)||208,330)|57,896|
|Net Movement
in Funds|||||(75,192)|(85,386)|(160,578)|4,196,550|
|Funds Brou
ht Forward at 1 Janua||2020|||577,587|6,067,756|6,645,343|2,448,793|
|Funds Carried Forward at 31 December|||2020||502,395|5,982,370|6,484,765|6,645,343|
##
##
||||||Restated|
|---|---|---|---|---|---|
|||||2020|2019|
||||Note|Total|Total|
|||||f.|F|
|Fixed Assets||||||
|Investments|||8|5,663,334|2,394,586|
|Current Assets||||||
|Debtors||||376,584|4,067,756|
|Cash at bank and stockbrokers|||10|474,123|203,335|
|||||850,707|4,271,091|
|Creditors||||||
|Amounts|falling due within one year||11|~29,276|~20,334|
|Net Current|Assets|||821,431|4,250,757|
|Total Net Assets||||6,484,765|6,645,343|
|The funds of|the charity:|||||
|Endowment||fund||5,982,370|6,067,756|
|Unrestricted||funds||502,395|577,587|
|Total charity|funds|||6,484,765|6,645,343|
##
##
##
|1.Accountln
Policies|1.Accountln
Policies|
|---|---|
|(a)|Basis ofpreparation
offinancial statements|
||The accounts
(financial
statements)
have
been
prepared
in accordance
with
the Statement
of Recommended|
||Practice:
Accounting
and
Reporting
by
Charities
preparing
their
accounts
in accordance
with
the
Financial|
||Reporting
Standard
applicable
in the UK and Republic of Ireland (FRS102) 2nd Edition issued October 2019 and|
||the Financial
Reporting
Standard
applicable
in the
United
Kingdom
and
Republic
of Ireland
(FRS102) and
the
Charities Act 2011 and UK Generally
Accepted Practice as it applies from
1 January 2015.|
||The accounts
(financial statements)
have been prepared
to give a 'true and fair' view and have departed
from the
Charities
(Accounts
and
Reports)
Regulations
2008 only to the extent
required
to provide
a 'true
and
fair view'.
This departure
has
involved
following
the Accounting
and
Reporting
by Charities
preparing
their
accounts
in
accordance
with the Financial
Reporting
Standard
applicable
in the UK and
Republic
of Ireland
(FRS102) 2nd
Edition
issued
on
October
2019 rather
than
the
Accounting
and
Reporting
by
Charities:
Statement
of
Recommended
Practice effective from
1 April 2005 which has since been withdrawn.|
|(b)|Incoming resources|
||All incoming
resources
are included
in the Statement
of Financial
Activities
when
the charity
is legally
entitled
to
the income and the amount
can be quantified
with reasonable
accuracy.|
|(c)|Resources expended|
||All expenditure
is accounted
for on an accruals
basis
and has been
included
under
expense
categories
that|
||aggregate
all costs for allocation
purposes.|
||Grants payable
are recognised
in the year when
the offer is made,
providing
that any related
conditions
within
the
control of the Trustees
have been fulfilled.
Grants offered subject to conditions
which
remain
within
the control of|
||the Trustees and have not been met at the year end are noted as a commitment,
but not accrued as expenditure.|
||Value Added Tax is not recoverable
by the charity and, as such, is included
in the relevant
costs in the Statement|
||of Financial Activities.|
|(d)|Cash fIow|
||The financial
statements
do not include
a cash
flow statement
because
the
charity,
as a small
reporting
entity
within
the provisions
of FRS 102, is exempt
from the requirement
to prepare
such a statement
(effective 16 July
2014).|
|(e)|Investments|
||Investments
are stated at market
value at the balance sheet date.
The Statement
of Financial
Activities
includes|
||the net gains and losses arising
on revaluations
and disposals
during the year.|
||Taxation|
||The trust is a registered
charity
and, as such,
is not subject to tax on its income
and gains
falling
within
Sections
518to 537 ofthe Income Tax Act 2007 or Section 256 ofthe Taxation of Chargeable
Gains Act 1992 are exempt
from income and capital
gains tax to the extent that they are applied to its charitable
purposes.|
|(g)|Conversion
to FRS102|
||The
previous
years'
financial
statements
were
not
presented
in
accordance
with
Charities
Statement
of|
||Recommended
Practice 2019 (FRS102) as these accounts
have been converted
to be presented
on this basis.
The accounts were previously
presented
on a receipts and payments
basis.|
##
|2. Investment
Income|||||||||||Restated|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||2020f|2019
f|
|Fixed interest||||||||||53,726|35,905|
|Equity||||||||||31,419|34,993|
|||||||||||85,145|70,898|
|3. Other income||||||||||||
|||||||||||2020f|2019
f|
|Interest income|from|||estate of|||deceased|person|(net oftax)|22,224||
|Dividend
income||from|||estate ofdeceased person||||(net oftax)|25,769||
|||||||||||47,993||
|4. Endowment
funds|||||||||||Restated|
|||||||||||2020f|2019
f|
|Amount
receivable
Adjustment
to sum
5. Grants|||from estate ofdeceased person
due from estate ofdeceased
person|||||||~85,386
~85,386|4,067,756
4,067,756|
|||||||||||2020f|2019
f|
|The Countryside
Restoration|||||Trust|||||5,000||
|Rain Rescue||||||||||3,000||
|Hearing
Dogs for Deaf||People||||||||5,000||
|Cats Protection
Membership|||||Account|||||1,000||
|The Freedom of Spirit|Trust|||||||||1,000||
|The Mare and Foal Sanctuary||||||||||5,000||
|StreetVet||||||||||14,843||
|Redwings
Horse Sanctuary||||||||||50,000||
|South Downs Centre||||||||||5,000||
|Prickles Hedgehog
Rescue||||||||||500||
|RSPCA Hillingdon,
Slough,||||Windsor,|||Kingston|and District||35,620||
|RSPCA Solent Branch||||||||||20,000||
|Support Dogs Ltd||||||||||16,000||
|Hope Rescue||||||||||20,000||
|Worthing
Animal
Clinic||||||||||8,000||
|||||||||||189,963||
|All grants were made to animal||||||welfare charities||in line|with the objects ofthe charity.|||
|6. Le al and Administrative||||Costs|||||||Restated|
|Unrestricted
fund||||||||||2020f|2019
f|
|Legal & compliance
fees||||||||||28,420|36,196|
|Bank fees||||||||||1,284|238|
|Accountants'
remune Examiner's||||||fee||||2,880|2,670|
|||||||||||32,584|39,104|
|7. Costs ofraisin
funds|||||||||||Restated|
|||||||||||2020|2019|
||||||||||||f|
|Unrestricted
fund||||||||||||
|Investment
manager's|fees|||||||||50,142|25,031|
|LEI registration/renewal||fee||||||||78|208|
|||||||||||50,220|25,239|
##
##
|8||||
|---|---|---|---|
|. Fixed Asset Investments|||Restated|
|||2020|2019|
|Historical cost at 1 January 2020||2,312,121|2,409,091|
|Additions
at cost
Disposals at cost
Historical cost at 31 December 2020||9,530,383
~6,489,612
5,352,892|1,450,887
~1,547,857t
2,312,121|
|Cumulative
unrealised
gains/(losses)|at 31 December 2020|310,442|82,465|
|Market Value as
er Balance Sheet||5,663,334|2,394,586|
|Structu
ofthe
ortfolio b
market value||||
|Liquidity
&similar investments||4.54%|7.82%|
|Fixed income 8 similar investments||36.06%|36.06%|
|Equities 8 similar investments||44.01%|42.39%|
|Alternative
investments,
commodities|& real estate|5.39%|13.73%|
|8. Debtors|||Restated|
|||2020|2019|
||||E|
|Due from unadministered
estate ofdeceased|person|376,227|4,067,756|
|Income due||357||
|||376,584|4,067,756|
|10.Cash at bank and investment
mana
ers||||
|||2020|2019|
||||E|
|Solicitors Client Account||205,000||
|Investment
Manager - GBP account||156,860|192,086|
|Investment
Manager - USD account||5,777|9,365|
|Investment
Manager - EUR account
Investment
Manager-
CHF account||169|1,388
496|
|Investment
Manager - JPYaccount||106,317||
|||474,123|203,335|
|11.Creditors: amounts
fallin
due within one|ear||Restated|
|||2020|2019|
|Legal &compliance fees||14,832|17,914|
|Investment
manager's
fees
Independent
examiner fees||11,564
2,880|2,420|
|||29,276|20,334|
##
##
|13.Com|arative Statement ofFinancial Activities for|arative Statement ofFinancial Activities for|arative Statement ofFinancial Activities for|arative Statement ofFinancial Activities for|arative Statement ofFinancial Activities for|revious|ear|||
|---|---|---|---|---|---|---|---|---|---|
||||||||Restated|Restated|Restated|
||||||||2019|2019|2019|
||||||||Unrestricted|Endowment||
||||||||fund|Fund|Total|
||||||||F|E|F|
|Income||||||||||
|Incoming
resources
from generated|||||funds:|||||
||Investment||Income||||70,898||70,898|
||Other income|||||||||
||Endowment
funds|||||||4,067,756|4,067,756|
|Total|Income||||||70,898|4,067,756|4,138,654|
|~Ex eeditere||||||||||
||Charitable||activities:|||||||
||Grants to||Charities|||||||
||Legal and||administrative|costs|||(39,104)||(39,104)|
||Cost of raising funds||||||(25,239)||(25,239)|
|Gains/|Losses|on Investment||Assets||||||
||Currency|gains
/ (losses)|||||(709)||(709)|
||Realised|during the year|||||12,947||12,947|
||Unrealised||during the year||||110,001||110,001|
|Net ex enditure|||for the
ear after|||||||
|ains|and losses||||||57,896||57,896|
|Net Movement
in Funds|||||||128,794|4,067,756|4,196,550|
|Funds Brou|ht Forward||a
1 Janua|2019|||448,793|2,000,000|2,448,793|
|Funds Carried
Forward|||at 31 December 2019||||577,567|6,067 756|6,645,343|
##
|Anal
is o|fcharitabl|e
funds||||||||
|---|---|---|---|---|---|---|---|---|---|
|||Balance at 1|Income I||||Gains|or|Funds at 31|
|||Jan. 2020|adjustment||Expenditure||losses||Dec. 2020|
|||P|P||||F||P|
|Unrestricted|fund|577,587|133,138|||(272,767)|64,437||502,395|
|Endowment|fund|6,067,756|(85,386)||||||5,982,370|
|Total||6,645,343|47,752|~272,767|||64,437||6,484,765|
|Previous year||||||||||
|||Balance at 1|income I||||Gains|or|Funds at 31|
|||Jan. 2019
F|adjustment
f||Expenditure||losses||Dec.2019|
|Unrestricted|fund|448,793|70,898|||(64,343)|122,239||577,587|
|restated||||||||||
|Endowment|fund|2,000,000|4,067,756||||||6,067,756|
|restated
Total||2448,793|4,138654|~64343|||122 239||6,645343|
|Name offund||Description,
nature and purpose offund||||||||
|Unrestricted|fund|The funds
from|which the trustees|intend|to|make grants|to animal|welfare charities.||
|Endowment|fund|Funds provided|by the Settiors ofthe charity.|||There is no restriction||on making|grants
from|
|||this source.||||||||
##
|Anal
i|s ofof net assets between funds||||
|---|---|---|---|---|
|||2020|2020|2020|
|||Unrestricted|Endowment||
|||Fund|Fund|Total|
|||P|P|E|
|Fixed asset investments||57,192|5,606,143|5,663,334|
|Debtors||357|376,227|376,584|
|Cash at|bank and stockbrokers|474,123||474,123|
|Creditors|falling due within one year|(29,276)||(29,276)|
|Total||502,396|5,982,370|6,484,765|
|Previous year||2019|2019|2019|
|||Unrestricted|Endowment||
|||Fund|Fund|Total|
|||P|||
|Fixed asset investments||394,586|2,000,000|2,394,586|
|Debtors|||4,067,756|4,067,756|
|Cash at bank and stockbrokers||203,335||203,335|
|Creditors|falling due within one year|(20,334)||(20,334)|
|Total||577,587|6,067,756|6,645,343|