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|Trustees||||Dr lan Christopher|Dean (Chair of|the Trustees,|Grants|Chair from May|
|---|---|---|---|---|---|---|---|---|
|||||2020)|||||
|||||Mrs Deborah
Drury|||||
|||||Mr Mike Evans|||||
|||||Ms Nicola Freeman|||||
|||||Mr Matthew
Gray|||||
|||||Ms Debbie Hustings|||||
|||||Mr Barry Marshall|(Deputy Chair from April 2020)||||
|||||Mrs Moyra Matravers|||||
|||||Mr Tim Meston|||||
|||||Mr Paul Mitchell|||||
|||||Dr Jonathan
Norris|||||
|||||Mr Gordon Reid (Chair ofFinance||&General Purposes||Committee)|
|||||Mr Tony Rooth|||||
|||||Mrs Liz Westwood|||||
|Charity|number|||1145202|||||
|Company||number||07867602|||||
|Registered|||office|208 High Street|||||
|||||Guildford|||||
|||||Surrey|||||
|||||GU1 3JB|||||
|Independent|||examiner|Stephen
Meredith|FCA DChA||||
|||||Alliotts LLP|||||
|||||Friary Court, 13-21 Friary Court|||||
|||||Guildford|||||
|||||Surrey|||||
|||||GU1 3DL|||||
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||||Page|
|---|---|---|---|
|Trustees'
report|||1-7|
|Independent
examiner's
report||||
|Statement offinancial|activities|||
|Summary
income and|expenditure|account|10|
|Balance sheet|||11-12|
|Notes to the financial|statements||13-24|
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|||||Unrestricted|Endowment|Total|Unrestricted|Endowment|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||funds|funds||funds|funds||
|||||2020|2020|2020|2019|2019|2019|
||||Notes||8||E|6|8|
|Igggmgftgm;||||||||||
|Donattons
and legacies|||3|13,130||13,130|17,870||17,870|
|investments|||4|15,956|104,233|120,189|54,706|143,824|198,530|
|Other income|||5|120,000|(120,000)||150,000|(150,000)||
|Total income||||149,086|(15,767)|133,319|222,576|(6,176)|216,400|
|Emsmt(@mum||||||||||
|Raising funds|||6|5,548|25,660|31,208|5,756|33,540|39,296|
|Charitable
activities||||133,535||133,535|189,202||189,202|
|Total resources||||||||||
|expended||||139,083|25,660|164,743|194,958|33,540|228,498|
|Net gains/(losses)||on||||||||
|investments|||12|(2,508)|(104,580)|(107,088)|5,488|329,786|335,274|
|Net movement|in|funds||7,495|(146,007)|(138,512)|33,106|290,070|323,176|
|Fund balances|at 1|||||||||
|January 2020||||103,050|4,664,113|4 767,163|69,944|4,374,043|4,443,987|
|Fund balances|at|31||||||||
|December 2020||||110,545|4,518,106|4.628,651|103,050|4,664,113|4,767,163|
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||||All income funds||
|---|---|---|---|---|
||||2020|2019|
|Gross income|||149,086|222,576|
|(Losses)/gains|on investments||(2,508)|5,486|
|Total income|in the reporting|period|146,578|228,064|
|Total expenditure
from income funds|||139,083|194,958|
|Net income for the year|||7,495|33,106|
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||||||||2020||2019||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Notes|f||f||
|Fixed assets|||||||||||
|Tangible assets||||||13||43,062||551,526|
|Investment|properties|||||14||557,941||50,000|
|investments||||||15||4,017,444||4,164,654|
|||||||||4,618,447||4,766,180|
|Current assets|||||||||||
|Debtors||||||17|||2,902||
|Cash at bank||and|in|hand|||21,185||32,994||
||||||||21,185||35,896||
|Creditors:|amounts|||falling|due within||||||
|one year||||||18|(10,981)||(34,913)||
|Net current|assets|||||||10,204||983|
|Total assets||less|current||liabilities|||4,628,651||4,767,163|
|Capital funds|||||||||||
|Endowment||funds|- general|||19||4,518,106||4,664,113|
|Income funds|||||||||||
|Unrestricted||funds||||||110,545||103,050|
|||||||||4,628,651||4,767,163|
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|||||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|---|---|
|||||||funds|funds|
|||||||2020|2019|
|||||||6|6|
|Donations|and gifts|||||13,130|17,870|
|Investments||||||||
|||Unrestricted|Endowment|Total|Unrestricted|Endowment|Total|
|||funds|funds||funds|funds||
||||general|||general||
||||2020
6|2020f|2019
6|2019
6|2019
6|
|Rental income||13,450||13,450|40,555||40,555|
|Income from listed||||||||
|investments||2,500||2,500|13,898||13,898|
|Income from listed||||||||
|investments|||104,233|104,233||130,801|130,801|
|Interest||||6|170|13,023|13,193|
|Service Charge|||||83||83|
|||15,956|104,233|120,189||143,824|198,530|
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||||Unrestricted|Endowment|Total|Unrestricted|Endowment|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds||funds|funds||
|||||general|||general||
|||||2020||2019|2019|2019|
|||||E||E|E|E|
|Released|from||||||||
|Unapplied|Total|Return|120,000|(120,000)||150,000|(150,000)||
|Raising funds|||||||||
||||Unrestricted|Endowment|Total|Unrestricted|Endowment|Total|
||||funds|funds||funds|funds||
|||||general|||general||
|||||2020|2020|2019|2019|2019|
|||||E|E|E|E|E|
||nd|ii|||||||
|Investment
fees|management||615|25,660|26,275|685|33,540|34,225|
|Support costs|||4,933||4,933|5,071||5,071|
||||5,548|25,660|31,208|5,756|33,540|39,296|
##
|||||UnrestrlctedUnrestricted|UnrestrlctedUnrestricted|
|---|---|---|---|---|---|
|||||Funds|Funds|
|||||2020|2019|
|||||E|E|
|Grant|funding|ofactivities (see note 8)||95,660|147,596|
|Share|ofsupport costs (see note 9)|||31,905|36,330|
|Share|ofgovernance||costs (see note 9)|5,970|5,276|
|||||133,535|189,202|
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||||||||||Unrestricted|
|---|---|---|---|---|---|---|---|---|---|
||||||||||Funds|
||||||||||2020|
||||||||||6|
|Grants to organisations||(24 grants):||||||||
|Burpham Assoaation|Supported||||Independent||Living||5,000|
|CHIPS|||||||||750|
|Church Homeless Trust|||||||||4,000|
|Citizens Advice Waverley|||||||||5,000|
|Delight, Boxof Delight|||||||||4,000|
|Emerge Advocacy|||||||||7,500|
|Guildford
Shakespeare||Company|||||||5,600|
|Headway
Surrey|||||||||3,000|
|Oakleaf (2 Grants)|||||||||8,500|
|Salvation Army Housing||Association|||||||500|
|South West Surrey Association||||for Mental||Health||Ltd|5,000|
|St Catherines
National||Probation|||Service||||1,000|
|St Saviour's
Church|||||||||2,500|
|Stoke Community
Support|||inconjunction|||with|foodwise||7,500|
|Stonham
Home group|||||||||450|
|TALK Surrey CIO|||||||||3,000|
|The Eikon Chanty|||||||||5,000|
|The Halow Project Belong 2020|||||||||5,000|
|The Matnx Trust|||||||||6,000|
|Weyfield
Primary Academy|||||||||695|
|YMCA|||||||||5,000|
|Total Grants to organisations|||||||||84,995|
|Grants to individuals|||||||||19,861|
|Grants written back|||||||||(9,196)|
||||||||||95,660|
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|9|Support costs|Support|Governance|2020|Support|Governance|2019|
|---|---|---|---|---|---|---|---|
|||costs|costs||costs|costs||
|||f|f||5|f|6|
||Staff costs|27,439||27,439|31,122||31,122|
||Office administrative|||||||
||expenses|3,974||3,974|5,307||5,30/|
||Oflice Expenses|3,055||3,055|4,972||4,972|
||Repairs and renewals|2,370||2,370||||
||Independent
Examination||2,244|2,244||1,800|1,800|
||Accountancy||2,216|2,216||1,780|1,780|
||Legal and professional||1,510|1,510||1,696|1,696|
|||36,838|5,970|42,808|41,401|5,276|46,677|
||Analysed
between|||||||
||Fundraising|4,933||4,933|5,071||5,071|
||Charitable
activities|31,904|5,970|37,874|36,330|5,276|41,606|
|||36,838|5,970|42,808|41,401|5,276|46,677|
##
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|The average
monthly
number ofemployees
during|the year was:||
|---|---|---|
||2020|2019|
||Number|Number|
|Employment
costs|2020f|2019|
|Wages and salaries
Other pension costs|27,002
437|30,687
435|
||27,439|31,122|
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||||Unrestricted|Unrestricted|Endowment|Total|Unrestricted|Unrestricted|Endowment|Total|
|---|---|---|---|---|---|---|---|---|---|---|
|||||funds|funds|||funds|funds||
||||||general||||general||
|||||2020|2020|2020||2019|2019|2019|
|||||E|E|E||E|6|E|
||Revaluation|of|||||||||
||investments|||(2,508)|(104,580)|(107,088)||5,488|299,786|305,274|
||Revaluation|of|||||||||
||investment
properties||||||||30,000|30,000|
|||||(2,508)|(104,580)|(107,088)||5,488|329,786|335,274|
|13|Tangible fitted assets||||||||||
||||||||Freehold|land|computers|Total|
||||||||and bugdlnga||and office||
||||||||||eoulpment||
||||||||||E||
||Cost||||||||||
||At 1 January|2020|||||550,000||1,570|551,570|
||Transfer lo investment||property||||(507,941)|||(507,941)|
||At 31 December 2020||||||42,059||1,570|43,629|
||Depreciation|and impairment|||||||||
||At 1 January|2020|||||||44|44|
||Depreciation|charged|in the year||||||523|523|
||At 31 December 2020||||||||567|567|
||Carrying
amount||||||||||
||At 31 December 2020||||||42,059||1,003|43,062|
||At 31 December 2019||||||550,000||1,526|551,526|
|14|Investment|property|||||||||
|||||||||||2020|
|||||||||||E|
||Fair value||||||||||
||At 1 January|2020||||||||50,000|
||Transfers from owner-occupied|||property||||||507,941|
||At 31 December 2020|||||||||557,941|
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|||||||2020|2019|
|---|---|---|---|---|---|---|---|
|||||||E|E|
||Freehold|||||557.941|50,000|
||Long leasehold|||||||
||Shortleasehold|||||||
|15|Fixed asset investments|||||||
||||||Listed|Cash in|Total|
||||||investments|portfolio||
||||||E|||
||Cost or valuation|||||||
||At 1 January 2020||||4,088,620|76,034|4,164,654|
||Additions||||655,574|14,044|669,618|
||Unrealised
Ireahsed|gains (losses)|||(107,088)||(107,088)|
||Disposals||||(709,740)||(709,740)|
||At 31 December 2020||||3,927,366|90078|4,017,444|
||Canying
amount|||||||
||At 31 December 2020||||3,927,366|90,078|4,017,444|
||At 31 December 2019||||4,088,620|76,034|4,164,654|
|16|Financial instruments|||||2020|2019|
|||||||E|E|
||Carrying
amount of|financial assets||||||
||Instruments
measured||at fair value through|profit or loss||3,927,366|4,088,620|
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|17|Debtors||||
|---|---|---|---|---|
|||||2020|
||Amounts
falling due||within one year:|0|
||Prepayments|and accrued income|||
|18|Creditors: amounts||falling due within one year||
|||||2020|
||Accruals and|deferred|income|10,901|
##
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|objects ofth|e chari|ty and is includ|ed as unrestr|icted
income|. Any capital|gains or loss|es arising on th|e assets form|part ofthe|fund.|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||Movement|in funds||||Movement|in funds|||
||l|Balance at
January
2019|Incoming
resources|Resources
expended|Transfers|Revaluations
gains and1
losses|Balance at
January
2020|Incoming
resources|Resources
expended|Transfers|Revaluations
gains and
losses|Balance at
31December
2020|
|||||6|E|f|K|||E|8|f|
|Permanent|endowments||||||||||||
|Endowment|fund|4,374,043|(6,176)|(33,540)||329,786|4,664,113|(15,767)|(25,660)||(104,580)|4,518,106|
|||4,374,043|(6,176)|(33,540)||329,786|4,664,113|(15,767)|(25,660)||(104,580)|4,518,106|
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|20|Analysis ofnet assets|Analysis ofnet assets|between funds||||||
|---|---|---|---|---|---|---|---|---|
||||Unrestricted|Endowment|Total|Unrestricted|Endowment|Total|
||||funds|funds||funds|funds||
||||2020|2020|2020|2019|2019|2019|
||||6|6|8|E|8||
||Fund balances at 31||||||||
||December|2020 are|||||||
||represented|by|||||||
||Tangible assets||1.003|42.059|43.062|1,526|550,000|551.526|
||Investment|properties||557,941|557,941||50,000|50,000|
||Investments||94,102|3,923,342|4,017,444|97,550|4,067,104|4,164,654|
||Current assets/(liabilities)||||||||
||||15,440|(5,236)|10,204|3,974|(2,991)|983|
||||110,545|4,518,106|4.628,651|103,050|4,664.113|4,767,163|
##
|22|Total Return|||||Endowment|Unapplied|Total|
|---|---|---|---|---|---|---|---|---|
||||||||Total||
||||||||Return||
||||||||6||
||At 1January
2020||||||||
||Trust for Investment|||||2,425,155|0|2,425,155|
||Unapplied
Total|Return||||0|1,638,958|1,638,958|
||Total|||||2,425,155|1,638,958|4.064,113|
||Movements
in reporting||period||||||
||Investment
return|Dividends||and Interest|||104,233|104,233|
||Investment
return|Realised||and Unrealised|gains and||||
||(losses)||||||(104,580)|(104,580)|
||Less: investment|managers||costs|||(225660|~25660|
||Total||||||(26,007)|(26,007)|
||Unapplied
Total|Return allocated to income|||in the reporting|period|(120,000)|(120,000)|
||Net movements
period|in reporting||||0|~146,007|~146,007|
||At 31 December|2020|||||||
||Trust for Investment|||||2,425,155||2,425,155|
||Unapphed
Total|Return|||||1,492,951|1,492,951|
||Total|||||2,425,155|1,492,951|3,918,106|