| Page | ||||
|---|---|---|---|---|
| Reference and Administrative Details |
||||
| Report ofthe | Trustees | 2 | to | 3 |
| Independent | Examiner's Report |
|||
| Statement of | Financial Activities | |||
| Balance Sheet | ||||
| Notes to the | Financial Statements | 7 | lo | 12 |
| Elgar Family Charitable Trust |
Elgar Family Charitable Trust |
Elgar Family Charitable Trust |
|
|---|---|---|---|
| Reference and Administrative | Details | ||
| forthe Year Ended 5th April | 2021 | ||
| TRUSTEES | N Snowball | ||
| Miss H F Elgar | |||
| Dr BG Watson | |||
| M F Messenger | |||
| PRINCIPAL ADDRESS | cro Whatley Weston & Fox | ||
| 15&16The Tything | |||
| Worcester | |||
| WR1 1HD | |||
| REGISTERED | CHARITY NUMBER | 1149600 | |
| INDEPENDENT | EXAMINER | The Richards Sandy Pannership | |
| Thomeloe House | |||
| 25 Barbourne Road |
|||
| Worcester | |||
| Worcestershire | |||
| WR1 1RU | |||
| SOLICITORS | Whatley, Weston |
&Fox | |
| 15&16The Tything | |||
| Worcester | |||
| WR1 1HD | |||
| BANKERS | Brown Shipley | ||
| Founders Court |
|||
| Lothbury | |||
| London | |||
| EC2R 7HE |
| f | or the Year Ended 5th April | 2021 | |||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Unrestricted | Total | ||||
| funds | funds | ||||
| Notes | 6 | 5 | |||
| INCOME AND ENDOWMENTS | FROM | ||||
| Investment income |
52,243 | 60,538 | |||
| EXPENDITURE ON | |||||
| Raising funds | 23,736 | 29,735 | |||
| Charitable activities |
|||||
| Charitable activities |
10,673 | 313,369 | |||
| Total | 34,409 | 343,104 | |||
| Net gains/(losses) on investments |
441,233 | (173,457) | |||
| NET INCOME/(EXPENDITURE) | 459,067 | (456,023) | |||
| RECONCILIATION | OF FUNDS | ||||
| Total funds brought | forward | 2,074,643 | 2,530,666 | ||
| TOTAL FUNDS CARRIED FORWARD | 2,533,710 | 2,074,643 |
| Elga | r Family Charitable Trust |
|||
|---|---|---|---|---|
| Balance Sheet | ||||
| 5th April 2021 | ||||
| 2021 | 2020 | |||
| Unrestricted | Total | |||
| Notes | funds 5 |
fundsf | ||
| FIXEDASSETS | ||||
| Tangible | assets | 11 | 504,176 | 504,176 |
| Investments | 12 | 1,807,810 | 1,383,451 | |
| 2,311,986 | 1,887,627 | |||
| CURRENT ASSETS | ||||
| Debtors | 13 | 12,521 | 14,564 | |
| Cash at | bank | 215,385 | 475,637 | |
| 229,005 | 490,201 | |||
| CREDITORS | ||||
| Amounts | falling due within one year | 14 | (7,282) | (303,185) |
| NET CURRENT ASSETS | 221,724 | 187,016 | ||
| TOTAL | ASSETSLESSCURRENT LIABILITIES | 2,533,710 | 2,074,643 | |
| NET ASSETS | 2,533,710 | 2,074,643 | ||
| FUNDS | 16 | |||
| Unrestricted funds |
2,533,710 | 2,074,643 | ||
| TOTAL | FUNDS | 2,533,710 | 2,074,643 |
| transaction co |
transaction co |
st. | ||||
|---|---|---|---|---|---|---|
| INVESTMENT | INCOME | |||||
| 2021 | 2020 | |||||
| 8 | 6 | |||||
| Royalties | 22,007 | 18,250 | ||||
| Dividends | received | 30,236 | 42,288 | |||
| 52,243 | 60,538 | |||||
| RAISING | FUNDS | |||||
| INVESTMENT | MANAGEMENT | COSTS | ||||
| 2021 | 2020 | |||||
| 6 | ||||||
| Stockbroker's | fees | 23,658 | 29,663 | |||
| Administrative | expenses | 78 | 72 | |||
| 23,736 | 29,735 | |||||
| CHARITABLE | ACTIVITIES COSTS | |||||
| Direct | Support | |||||
| Costs (see | costs(see | |||||
| note 5) | note 7) | Totals | ||||
| 6 | 6 | fi | ||||
| Charitable | activities | 5,661 | 5,012 | 10,673 |
| DIRECT COSTSO | F CH | ARITABL | E ACTIVITIES | ||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Rates and water | 2,810 | 2,421 | |||
| Insurance | 2,320 | 1,610 | |||
| Light and heat | 531 | 588 | |||
| Repairs and maintenance | 1,242 | ||||
| 5,661 | 5,861 | ||||
| GRANTS PAYABLE | |||||
| 2021 | 2020 | ||||
| 6 | |||||
| Charitable activities |
304,550 | ||||
| The total grants paid to institutions | during the year was as follows: | ||||
| 2021 K |
2020f | ||||
| Autumn in Malvern |
Festival | 800 | |||
| Malvern Concert Club | 3,750 | ||||
| The National Trust |
300,000 | ||||
| 304,550 | |||||
| SUPPORT COSTS | |||||
| Governance | |||||
| costs | |||||
| E | |||||
| Charitable activities |
5,012 | ||||
| Support costs, included | in the above, are as follows: | ||||
| 2021 | 2020 | ||||
| Charitable | Total | ||||
| activities | activities | ||||
| Legal fees | 4,200 | 2,160 | |||
| Independent examiner |
812 | 798 | |||
| 5,012 | 2,958 |
| 10. | COMPARA | TIVES | F | OR THE ST | ATEMENT OF FINANCIAL ACTIVITI | ES |
|---|---|---|---|---|---|---|
| Unrestdicted | ||||||
| fundsf | ||||||
| INCOME AND ENDOWMENTS | FROM | |||||
| Investment | income | 60,538 | ||||
| EXPENDITURE ON | ||||||
| Raising funds | 29,735 | |||||
| Charitable | activities | |||||
| Chantable activities |
313,369 | |||||
| Total | 343,104 | |||||
| Net gains/(losses) | on investments | (173,457) | ||||
| NET INCOME/(EXPENDITURE) | (456,023) | |||||
| RECONCILIATION | OF FUNDS | |||||
| Total funds | brought | forward | 2,530,666 | |||
| TOTAL FUNDS CARRIED FORWARD | 2,074,643 | |||||
| 11. | TANGIBLE | FIXEDASSETS | ||||
| Freehold | ||||||
| property | ||||||
| 5 | ||||||
| COST | ||||||
| At 6th April | 2020 and 5th April 2021 | 504,176 | ||||
| NET BOOK VALUE | ||||||
| At 5th April | 2021 | 504,176 | ||||
| At 5th April | 2020 | 504,176 | ||||
| 12. | FIXEDASSETINVESTMENTS | |||||
| Listed | ||||||
| investments | ||||||
| 5 | ||||||
| MARKET VALUE | ||||||
| At 6th April | 2020 | 1,383,451 | ||||
| Additions | 246,942 | |||||
| Disposals | (265,373) | |||||
| Revaluations | 442,790 | |||||
| At 5th Apnl | 2021 | 1,807,810 | ||||
| NET BOOK VALUE | ||||||
| At 5th April | 2021 | 1,807,810 | ||||
| At 5th April | 2020 | 1,383,451 |
| DEBTORS:AMOUNTS F | ALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|
| 2021 | 2020 | ||
| 6 | F | ||
| Prepayments and accrued |
income | 12,621 | 14,584 |
| CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||
| 2021 | 2020 | ||
| Bank loans and overdrafts | (see note 15) | 4,313 | 228 |
| Accrued expenses | 2,969 | 2,957 | |
| Grants payable | 300,000 | ||
| 7,282 | 303,185 |
| MOVEMENT | IN FUNDS | |||
|---|---|---|---|---|
| Net | ||||
| movement | At | |||
| At8.4.20 | in funds | 5.421 | ||
| 8 | 8 | F | ||
| Unrestricted | funds | |||
| General fund | 2,074,643 | 459,067 | 2,533,710 | |
| TOTAL FUNDS | 2,074,643 | 459,067 | 2,533,710 |
| Net movemen | t in funds, included in |
the above are as follows: | |||
|---|---|---|---|---|---|
| incoming | Resources | Gains and | Movement | ||
| resources | expended | losses | in funds | ||
| 8 | E | 8 | |||
| Unrestricted | funds | ||||
| General fund | 52,243 | (34,409) | 441,233 | 459,067 | |
| TOTAL FUNDS | 52,243 | (34,409) | 441,233 | 459,067 |
| Compar | atives | f | or movement in fun |
ds | |||
|---|---|---|---|---|---|---|---|
| Net | Transfers | ||||||
| movement | between | At | |||||
| At 6.4.19 | in funds f |
funds | 5.4.20 f |
||||
| Unrestricted | funds | ||||||
| General | fund | 2,335,397 | (156,023) | (104,731) | 2,074,643 | ||
| Defined | Purpose | Fund | 195,269 | (300,000) | 104,731 | ||
| 2,530,666 | (456,023) | 2,074,643 | |||||
| TOTAL | FUNDS | 2,530,666 | (456,023) | 2,074,643 |
| Compara | tive | net | movement in funds, |
included in the above are as |
follows | ||
|---|---|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | ||||
| resources | expended | losses | in funds | ||||
| 6 | 6 | ||||||
| Unrestricted | funds | ||||||
| General | fund | 60,538 | (43,104) | (173,457) | (156,023) | ||
| Defined | Purpose | Fund | (300,000) | (300,000) | |||
| 60,538 | (343,104) | (173,457) | (456,023) | ||||
| TOTAL | FUNDS | 60,538 | (343,104) | (173,457) | (456,023) |