| Trustees | Dr Kenneth Gray (Chair) - resigned |
Dr Kenneth Gray (Chair) - resigned |
Dr Kenneth Gray (Chair) - resigned |
Dr Kenneth Gray (Chair) - resigned |
5 December 2021 | 5 December 2021 | |||
|---|---|---|---|---|---|---|---|---|---|
| John Attree | |||||||||
| Gise la Gledhill | |||||||||
| Basil Postan | |||||||||
| Roderick Smith | |||||||||
| Kathryn Uhde |
|||||||||
| Brendan Finucane, |
QC | (Chair) | —appointed | 26 July 2022 | |||||
| Registered | Office | 13Lincoln's Inn Fields |
|||||||
| London | |||||||||
| WC2A 3BP | |||||||||
| Banker | National Westminster |
Bank pic | |||||||
| 214 High Holborn | |||||||||
| London | |||||||||
| Wcjv 7BX | |||||||||
| Independent | Auditor | Saffery Champness | LLP | ||||||
| 71Queen Victoria | Street | ||||||||
| London | |||||||||
| EC4V 4BE | |||||||||
| Investment | Manager | Sarasin 8 Partners | LLP | ||||||
| Juxon House | |||||||||
| 100St. Paul's Churchyard | |||||||||
| London | |||||||||
| EC4M BBU | |||||||||
| Company | Registration | No. | 07965957 | ||||||
| Registered | Charity No. | 1146195 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| All Unrestncted | All Unrestricted | |||||
| Note | and Endowment | and Endowment | ||||
| Funds | Funds | |||||
| f | f | |||||
| INCOME AND ENDOWMENTS | FROM | |||||
| Donations and |
Legacies | 100 | 4,800 | |||
| Investments | 212,097 | 213,576 | ||||
| TOTAL | 212,197 | 218,376 | ||||
| EXPENDITURE ON | ||||||
| Charitable Activities |
164,383 | 137,266 | ||||
| TOTAL | 164,383 | 137,266 | ||||
| Net Gains/(Losses) | on investments | 10 | 504,364 | 384,673 | ||
| NET INCOME/(EXPENDITURE) | 552,178 | 465,783 | ||||
| RECONCILIATION | OF FUNDS: | |||||
| Total funds brought | forward | 7,610,174 | 7,144,391 | |||
| Total funds carried | forward | 8,162,352 | 7,610,174 |
| Note | 2021 | 2021 | 2020 | 2020 | ||||
|---|---|---|---|---|---|---|---|---|
| f | f | f | f | |||||
| Fixed Assets | 7,563,334 | 7,058,970 | ||||||
| Investments | 10 | 7,563,334 | 7,058,970 | |||||
| Current Assets | ||||||||
| Debtors | 2,858 | 10,290 | ||||||
| Cash at Bank | and | in Hand | 610,454 | 554,776 | ||||
| 613,312 | 565,066 | |||||||
| Creditors: amounts | falling due | within | 12 | |||||
| one year | (14,294) | (13,862) | ||||||
| Net Current Assets | 599,018 | 551,204 | ||||||
| Net Assets | 8,162,352 | 7,610,174 | ||||||
| Represented by: |
||||||||
| Unrestricted | and | Endowment | Funds: | |||||
| - Unrestricted | Fund | 137,950 | 90,136 | |||||
| - Endowment | Fund | 6,259,048 | 6,259,048 | |||||
| —Revaluation | Reserve | 1,765,354 | 8,162,352 | 1,260,990 | 7,610,174 | |||
| Total Funds | 8,162,352 | 7,610,174 |
| Unrestricted | & | ||||
|---|---|---|---|---|---|
| 2.Donations | and Legacies | Endowment | 2021Total | 2020Tota I |
|
| E | E | f | |||
| Other Donations | 100 | 100 | 4,800 | ||
| 100 | 100 | 4,800 |
| lready been |
accrued in prior years (s |
ee note 11). | ||
|---|---|---|---|---|
| Unrestricted & |
||||
| 3.Investments | Endowment | 2021Total | 2020Tota I | |
| f | f | E | ||
| Investment | income (net) | 212,097 | 212,097 | 213,576 |
| 212,097 | 212,097 | 213,576 |
| Unrestricted 5 | ||||
|---|---|---|---|---|
| 7.Governance | costs | Endowment | 2021Total | 2020 Total |
| E | f | f | ||
| Trustees' expenses | 554 | |||
| External Auditor | fees | 5,880 | 5,880 | 5,400 |
| Other fees | 26 | 26 | 4,852 | |
| 5,906 | 5,906 | 10,806 |
| 2021Total | 2020 Total | ||||
|---|---|---|---|---|---|
| Net income is stated after charging: | f | f | |||
| Auditor's remuneration |
5,880 | 5,400 | |||
| 5,880 | 5,400 | ||||
| 10.Investments | Unrestricted | 8 | |||
| a. Fixed Assets —Investments | Endowment | 2021Total | 2020 Total | ||
| E | f | f | |||
| Opening Value at 1January |
7,058,970 | 7,058,970 | 6,837,121 | ||
| Purchases | 0 | 0 | 176,603 | ||
| Sales Proceeds (Net) | 0 | 0 | (339,427) | ||
| Realised gain on investments | 0 | 0 | 128,211 | ||
| Unrealised (loss)/gain |
on investments | 504,364 | 504,364 | 256,462 | |
| Value at 31December | 7,563,334 | 7,563,334 | 7,058,970 |
| Value at | Value at | |||
|---|---|---|---|---|
| 31/12/2021 | 31/12/2020 | |||
| E | E | |||
| Sarasin Endowments | Class | A income Fund | 7,563,334 | 7,058,970 |
| 7,563,334 | 7,058,970 | |||
| b. Cash at bank and | in hand - held with Sarasin | |||
| Cash - Sterling Investment | Account |
| Unrestricted R |
|||||||||
|---|---|---|---|---|---|---|---|---|---|
| 11.Debtors | Endowment | 2021Total | 2020Tota | I | |||||
| f | f | f | |||||||
| Accrued | Income | 2,858 | 2,858 | 2,290 | |||||
| Other Debtors | (Donations | - Deeds of | |||||||
| Pledges) | 8,000 | ||||||||
| 2,858 | 2,858 | 10,290 | |||||||
| ncluded | within | Debtors | is | an amount offnil (year ended 31December | 2020:fnil) | due in more than | |||
| ne year. | |||||||||
| 12.Creditors | Unrestricted 5 | ||||||||
| Endowment | 2021Total | 2020Total | |||||||
| f | f | f | |||||||
| Accruals | 14,294 | 14,294 | 13,862 | ||||||
| 13.Analysis of | Net Assets | between Funds |
Unrestricted 5 | ||||||
| Endowment | 2021Tota I | 2020 Total | |||||||
| f | f | f. | |||||||
| Investments | 7,563,334 | 7,563,334 | 7,058,970 | ||||||
| Current Assets | 613,312 | 613,312 | 565,065 | ||||||
| Current Liabilities |
(14,294) | (14,294) | (13,861) | ||||||
| Balances | at 31December | 8,162,352 | 8,162,352 | 7,610,174 |