| Page | |||
|---|---|---|---|
| 1-5 | Trustees' | Annual Report |
|
| Independent Examiner's |
Report | ||
| Statement | of Financial | Activities | |
| Balance Sheet | |||
| 9-17 | Notes to | the Financial Statements |
| The individuals | The individuals | who are directors | who are directors | of Rathbone | Trust Company Limited at the date |
Trust Company Limited at the date |
Trust Company Limited at the date |
Trust Company Limited at the date |
the report was | the report was |
|---|---|---|---|---|---|---|---|---|---|---|
| approved: | ||||||||||
| Linda Joyce Cousins | Timothy | Francis | Smith | |||||||
| Robert Paul Stockton | Karen Toth | |||||||||
| Alexander | Richmond | Stephen | Bilbao | |||||||
| Bruce Robert Newbigging | James | Stephen | Hurrell | |||||||
| Accountancy | &Tax | Rathbone | Trust Company | Ltd, Port of Liverpool | Building, | Pier Head, Liverpool, | ||||
| L3 1NW | ||||||||||
| Independent | Examiner: Stephen | Hale FCA FCCA | of Perrys Accountants | Ltd, Churchdown | Chambers, | |||||
| Bordyke, | Tonbridge, | Kent, | TN91NR | |||||||
| Investment | Manager: | Rathbone | Investment | Management Ltd, |
8 Finsbury Circus, London, |
EC2M 7AZ | ||||
| Bankers: | Rathbone | Investment | Management Ltd, |
8 Finsbury Circus, London, |
EC2M 7AZ |
| Trustees' Rep | ort and F | ort and F | inancial Statements for the year |
ended 31st | December 2021 | |
|---|---|---|---|---|---|---|
| Statement of | financial | activities | ||||
| Unrestricted | Unrestricted | |||||
| Funds | Funds | |||||
| 2021 | 2020 | |||||
| Notes | 8 | |||||
| Income | ||||||
| Donations &Legacies |
303,706 | 206,628 | ||||
| Investments | 21,448 | 16,947 | ||||
| Total | 325,154 | 223,275 | ||||
| Expenditure | ||||||
| Charitable activities |
209,074 | 209,809 | ||||
| Total | 209,074 | 209,809 | ||||
| Net Gains I(Losses) | on | investments | 73,844 | 74,399 | ||
| Net movement | in Funds | 189,924 | 87,865 | |||
| Reconciliation | offunds | |||||
| Total Funds brought | forward as at 1 January 2021 | 14 | 1,241,311 | 1,163,446 | ||
| Net movement | in funds | 189,924 | 87,865 | |||
| Total Funds carried | forward at 31 December 2021 | 1,431,235 | 1,241,311 |
| Balance Sheet | Balance Sheet | ||||
|---|---|---|---|---|---|
| Unrestricted | Unrestncted | ||||
| Funds | Funds | ||||
| Notes | 2021 f |
2020f | |||
| Fixed Assets | |||||
| Investments | 1,036,182 | 918,688 | |||
| Total Fixed Assets | 1,036,182 | 918,688 | |||
| Current Assets | |||||
| Debtors | 10 | 641 | 90 | ||
| Cash at bank | and on deposit | 11 | 426,761 | 364,400 | |
| Total Current | Assets | 427,402 | 364,490 | ||
| Liabilities | |||||
| Creditors; amounts | falling due | ||||
| within one year | 12 | 32,349 | 41,867 | ||
| Net Current | Assets | 395,053 | 322,623 | ||
| Total Net Assets as at 31stDecember 2021 | 1,431,235 | 1,241,31f | |||
| Represented | by: | ||||
| The Funds ofthe Charity | |||||
| Unrestricted | Funds | 14 | 1,431,235 | 1,153,446 | |
| Total Charity | Funds as at31stDecember 2021 | 1,431,235 | 1,153,446 |
| other factors that are | other factors that are | other factors that are | considere | considere | considere | d | to be relev | to be relev | ant. A |
ctual resu | lts may differ from |
lts may differ from |
these | estimates. | estimates. | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| The estimates and |
underlying | assumptions | are | reviewed | on an ongoing | basis. | Revisions | to | accounting | ||||||||
| estimates are recognised |
in the | period | in which | the estimate | is revised where the |
revision | affects only that | ||||||||||
| period, or in the | period | of | the | revision | and | future | periods | where the revision | affects | both current | and future | ||||||
| periods. | |||||||||||||||||
| Donations Received without |
restrictionsimposed: | 2021 F |
2020f | ||||||||||||||
| Rathbones | 300,000 | 200,000 | |||||||||||||||
| Sundry donations | of | f2,000 and | less | 3,446 | 5,752 | ||||||||||||
| Investments donated |
at value | 260 | 876 | ||||||||||||||
| 303,706 | 206,628 | ||||||||||||||||
| Income from listed | investments | 2021 | 2020f | ||||||||||||||
| Gilt Interest | 1,294 | 1526 | |||||||||||||||
| Unit Trust interest | 209 | 376 | |||||||||||||||
| Unit Trust income | 733 | 781 | |||||||||||||||
| UK Equities | 11,920 | 8,511 | |||||||||||||||
| Overseas income |
7,167 | 5,911 | |||||||||||||||
| Non-reclaimable | tax | deducted | at source | (734) | (663) | ||||||||||||
| Other non-reclaimable | deductions | (6) | (10) | ||||||||||||||
| Excess Reportable | Income | 865 | 0 | ||||||||||||||
| Bank interest - Gross | 0 | 215 | |||||||||||||||
| 21,448 | 16,647 | ||||||||||||||||
| Charitable Activities |
Grant making | Grant making | |||||||||||||||
| Grant making: | Total 2021f | Total 2020f | |||||||||||||||
| Aberdeen | |||||||||||||||||
| Community Food |
Initiatives | 0 | 10,000 | ||||||||||||||
| Archway Donation |
10,000 | 0 | |||||||||||||||
| Birmingham | |||||||||||||||||
| Envision | 10,000 | 0 | |||||||||||||||
| Trussell Trust |
0 | 5,000 | |||||||||||||||
| Mental Health UK |
0 | 5,000 | |||||||||||||||
| Balance carried forward | 20,000 | 20,000 |
| 6 | Charitable Activities |
Charitable Activities |
Grant making | Grant making | ||
|---|---|---|---|---|---|---|
| Grant making: | Total 2021 | Total 2020 | ||||
| 6 | ||||||
| Balance brought | forward | 20,000 | 20,000 | |||
| Bristol | ||||||
| FareShare | 10,000 | 10,000 | ||||
| Sea Mills Community | 0 | 4,000 | ||||
| Cambridge | ||||||
| East Anglian Children's |
Hospice | 5,000 | 5,00D | |||
| Romsey Mill |
5,000 | 5,0DD | ||||
| Chichester | ||||||
| Aldingbourne Trust |
0 | 4,000 | ||||
| Dementia Support |
0 | 2,000 | ||||
| Home Start | 2,570 | 0 | ||||
| StWilfred's Hospice |
0 | 2,000 | ||||
| Stonepillow | 0 | 2,000 | ||||
| Sussex Snowdrop | Trust | 4,000 | 2,000 | |||
| Sussex Cricket | 3,430 | 0 | ||||
| Edinburgh | ||||||
| Outward Bound Trust |
0 | 10,000 | ||||
| Teenage Cancer | Trust | 5,000 | 0 | |||
| Martin Moran FDN |
5,000 | 0 | ||||
| Exeter | ||||||
| Crisis | 5,000 | 0 | ||||
| Children in Need |
5,000 | 0 | ||||
| Trussell Trust | 0 | 5,000 | ||||
| Mental Health UK |
0 | 5,000 | ||||
| Cumbria | ||||||
| Brathay Trust | 1,500 | |||||
| We Can Dance | 200 | |||||
| G/asgow | ||||||
| Birth, Baby and Beyond | 0 | 7,500 | ||||
| Calum's Cabin |
0 | 5,000 | ||||
| Launch Foods | 0 | 7,500 | ||||
| Achieve More |
10,000 | 0 | ||||
| Baltic Street Playground | 10,000 | 0 | ||||
| Jersey | ||||||
| Every Child our Future | 2,900 | 2,900 | ||||
| Jersey Brain Tumour | Charity | 0 | 3,600 | |||
| Mind | 0 | 1,750 | ||||
| Shelter Trust | 0 | 1,750 | ||||
| Brightly | 3,550 | 0 | ||||
| Brighter Futures | 3,550 | 0 | ||||
| Balance carried forward | 101,700 | 106,000 |
| 6 | Charitable Activities |
Charitable Activities |
Grant making | Grant making | |
|---|---|---|---|---|---|
| Grant making: | Total 2021 | Total 2020 | |||
| 6 | |||||
| Balance brought forward |
101,700 | 106,000 | |||
| Kendal | |||||
| Better Tomorrows | Fund | 8,500 | 0 | ||
| Brathay Trust | 0 | 3,000 | |||
| Trussell Trust | 0 | 3,500 | |||
| Mental Health UK |
0 | 3,500 | |||
| Liverpool | |||||
| An Hour for Others | 0 | 5,000 | |||
| Catholic Blind Institute | 2,500 | 5,000 | |||
| Centre 56 | 2,500 | 5,000 | |||
| James' Place | 5,000 | 5,000 | |||
| Neo Community | 2,500 | 5,000 | |||
| Northwood Chapel |
0 | 2,500 | |||
| Southdene Association |
0 | 2,500 | |||
| The Leigh Network | 3,200 | 0 | |||
| Paul Lavelle FDN | 14,325 | 0 | |||
| London | |||||
| Their Voice | 6,000 | 0 | |||
| Compliments ofthe House |
0 | 7,500 | |||
| Creative Futures | 0 | 7,500 | |||
| Tideway Sailability |
4,000 | 0 | |||
| Seesaw Charity | 5,000 | 0 | |||
| Mental Health UK |
0 | 3,750 | |||
| Rainbow International |
4,000 | 0 | |||
| Mitchell's Miracles |
5,000 | 0 | |||
| Trussell Trust | 0 | 3,750 | |||
| Voyage Youth | 0 | 7,500 | |||
| Streets Of London | 10,000 | 0 | |||
| Lymington | |||||
| Lymington Community |
Association | 0 | 3,000 | ||
| Oakhaven Hospice |
0 | 3,500 | |||
| Wessex Children's | Hospice | 10,000 | 3,500 | ||
| Newcastle | |||||
| Laff 4 Kids | 0 | 5,000 | |||
| Children's Foundation |
0 | 5,000 | |||
| Patchwork Project |
10,000 | 0 | |||
| StOswalds | 1,000 | 0 | |||
| Winchester | |||||
| Aliegra's Ambition |
0 | 5,000 | |||
| Blue Apple | 3,000 | 0 | |||
| Shepherds Down School |
5,000 | 0 | |||
| Winchester Young |
Carers | 2,000 | |||
| Winchester Youth |
Counselling | 0 | 5,000 | ||
| Total grants made |
205,225 | 206,000 |
| 6 | Charitable | Activities | Activities | Grant | making | Grant making | Grant making | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Grant making: | Total 2021f | Total 2020f | |||||||||||
| Total grants | made | 205,225 | 206,000 | ||||||||||
| Governance | costs (note | 7) | 3,849 | 3,809 | |||||||||
| 209,074 | 209,809 | ||||||||||||
| 7 | Governance | Costs | 2021f | 2020f | |||||||||
| Accountancy | and compliance fee | 2,820 | 2,738 | ||||||||||
| Under provision - prior year accrual |
0 | 42 | |||||||||||
| Independent | Examiner's | fee | 1,029 | 1,029 | |||||||||
| 3,849 | 3,809 | ||||||||||||
| 8 | Trustees Remuneration | and Expenses | |||||||||||
| The Trustees | are not |
remunerated | and | no amounts | have | been | paid to | the Trustees | during | the year | |||
| ended 31st | December 2021 or the | previous | year | for out | ofpocket expenses. | ||||||||
| 9 | Investments | Value at | Purchases | Sales | Realised | Unrealised | Value at | ||||||
| 01/12/20 f |
at | cost f |
proceeds f |
Gains/(Losses) | Gains/(Losses) | 31/12/21 | |||||||
| Quoted | |||||||||||||
| Bonds | 119,131 | 47,187 | 51,347 | (448) | (6,492) | 108,031 | |||||||
| Overseas | 395,723 | 186,278 | 113,995 | (1,611) | 36,863 | 503,258 | |||||||
| UK Equities | 342,509 | 137,334 | 138,224 | 7,598 | 41,911 | 391,128 | |||||||
| Commodities | 61,325 | 4,966 | 28,549 | (2,511) | (1,46?) | 33,765 | |||||||
| 918,688 | 375,765 | 332,115 | 3,029 | 70,815 | 1,036,182 | ||||||||
| 10 | Current assets Debtors |
2021f | 2020 | ||||||||||
| HM Revenue | &Customs | - tax reclaimable | 0 | 90 | |||||||||
| Investment | income receivable | 641 | 0 | ||||||||||
| 641 | 90 |
| 11 | Cash at | Bank | 2021 | 2020 | |
|---|---|---|---|---|---|
| Rathbones | 426,761 | 364,400 | |||
| 426,761 | 340,405 | ||||
| 12 | Current | liabilities | 2021 | 2020 | |
| Creditors | F | ||||
| Accruals | for Grants | 28,500 | 38,100 | ||
| Rathbone | Trust Company | Limited | 2,820 | 2,738 | |
| Gilbert Allen | 1,029 | 1,028 | |||
| 32,349 | 41,866 |
| Financial Instruments |
2021 | 2020 | ||||
| Carrying amount offinancial |
assets | |||||
| Debt instruments receivable |
within one year | |||||
| - Cash | 426,917 | 340,405 | ||||
| Carrying amount offinancial |
liabilities | |||||
| Payable within one year |
||||||
| - Creditors | 32,349 | 41,866 | ||||
| Instruments measured |
at | fair | value through | SOFA | ||
| Investments at value |
1,036,182 | gf8,688 |