##
##
##
##
||||Page|
|---|---|---|---|
|Reference and administrative||details|1-2|
|Trustees'
report||||
|Trustees'
responsibilities
statement|||14|
|Independent
auditor's|report|||
|Statement offinancial|activities||18|
|Balance sheet|||19|
|Statement ofcash flows|||20|
|Notes to the financial|statements||21-33|
##
##
|Trustees|||Mr D B H Aspinall,|Chair|
|---|---|---|---|---|
||||Professor C M Longson||
||||Mrs SSiegel Poulios||
||||Dr D LStables||
||||Aspinalls
Fiduciary|Limited|
|Company|registered||||
|number|||08492424||
|Charity registered|||||
|number|||1151978||
|Registered||office|Oxnead
Hall||
||||Oxncad||
||||Norfolk||
||||NR10 5HP||
|Independent||auditor|UNW LLP||
||||Citygate||
||||St.James' Boulevard||
||||Newcastle
upon Tyne||
||||NE1 4JE||
|Bankers|||Unity Trust Bank pic||
||||Nine Brindleyplace||
||||Birmingham||
||||B12HB||
||||Cater Allen Limited||
||||2 Triton Square||
||||Regent's Place||
||||London||
||||NW1 3AN||
|Solicitors|||Stone King||
||||Boundary
House||
||||91 Charterhouse|Street|
||||London||
||||EC1M 6HR||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
|||||||funds|funds|funds|
|||||||2020|2020|2019|
||||||Note||E||
|Income from:|||||||||
|Donations||||||||612,828|
|Investments||||||595,961|595,961|810,663|
|Total income||||||595,961|595,961|1,423,491|
|Expenditure
on:|||||||||
|Investment
management||||costs||211,307|211,307|167,969|
|Charitable
activities|||||4|1,621,264|1,621,264|1,814,110|
|Total expenditure||||||1,832,571|1,832,571|1,982,079|
|Net expenditure||before||net (losses) Igains on|||||
|investments||||||(1,236,610)|(1,236,610)|(558,588)|
|Net (losses)
/ gains|||on investments|||(345,530)|(345,530)|664,745|
|Net movement|in funds|||||(1,582,140)|(1,582,140)|106,157|
|Reconciliation|offunds:||||||||
|Total funds brought|||forward|||38,492,054|38,492,054|38,385,897|
|Net movement|in|funds||||(1,582,140)|(1,582,140)|106,157|
|Total funds carried forward||||||36,909,914|36,909,914|38,492,054|
##
##
||||||||2020||2019|
|---|---|---|---|---|---|---|---|---|---|
||||||Note||'E||f.|
|Fixed assets||||||||||
|Intangible
assets|||||||14,887||11,952|
|Investments|||||||36,192,496||39,041,645|
||||||||36,207,383||39,053,597|
|Current assets||||||||||
|Debtors||||||11,014||12,893||
|Cash at bank|and|in|hand|||2,939,395||1,773,656||
|||||||2,950,409||1,786,549||
|Creditors: amounts|||falling due within|one||||||
|year|||||10|(1,621,989)||(1,398,487)||
|Net current|assets||||||1,328,420||388,062|
|Total assets|less|current liabilities|||||37,535,803||39,441,659|
|||||nore||||||
||||||||(625,889)||(949,605)|
||||||||36,909,914||38,492,054|
|Charity funds||||||||||
|Unrestricted|funds||||13||36,909,914||38,492,054|
|Total funds|||||||36,909,914||38,492,054|
##
##
##
|||||2020|2019|
|---|---|---|---|---|---|
|||||E|F|
|Cash flows from operating
activities||||||
|Net cash|used
in operating
activities|||(1,927,841)|(1,425,699)|
|Cash flows from investing
activities||||||
|Dividends,|interests
and rents from investments|||595,961|810,663|
|Purchase|of intangible
assets|||(6,000)|(11,952)|
|Proceeds|from sale of investments|||32,553,348|6,041,917|
|Purchase|ofinvestments|||(30,049,729)|(4,563,817)|
|Net cash|provided
by investing
activities|||3,093,580|2,276,811|
|Change|in cash and cash equivalents|in|the year|1,165,739|851,112|
|Cash and|cash equivalents
at the beginning||ofthe year|1,773,656|922,544|
|Gash and cash equivalents
atthe end||of|the year|2,939,395|1,773,656|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2020|2020|2019|
||||F|
|Donations|||612,828|
##
|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2020|2020|2019|
|||||F|
|Dividend|income|496,112|496,112|706,192|
|Interest|on investments|99,849|99,849|104,471|
|||595,961|595,961|810,663|
|Total20|19|810,663|810,663||
##
##
##
##
|||Support|Total|Total|
|---|---|---|---|---|
||Grant giving|costs|funds|funds|
||2020
E|2020|2020f|2019
F|
|Grants awarded|1,434,617|174,647|1,609,264|1,802,110|
|Grant administration|12,000||12,000|12,000|
||1,446,617|174,647|1,621,264|1,814,110|
|Total 2019|1,653,024|161,086|1,814,110||
##
|||Total|Total|
|---|---|---|---|
|||funds|funds|
|||2020|2019|
|||E||
|Staff costs||12,000||
|Grants awarded|(note 5)|1,385,732|1,631,989|
|Grant administration|||12,000|
|Interest on discounting||68,885|9,035|
|Total2020||1,446,617|1,653,024|
##
##
##
##
##
##
##
|||||Total|Total|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2020|2019|
|Staff costs||||15,204||
|Professional||fees in support ofgrant|programme|65,691|79,683|
|Administration||and other professional|fees|66~661|71,726|
|Sundry|costs|||6,501|1,577|
|ITcosts|and|amortisation||10,490||
|Auditor's|remuneration|||7,200|7,200|
|Auditor's|non-audit costs|||900|900|
|||||174,647|161,086|
##
##
##
|||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2020|2020|2019|
|||||F|||
|Action for Stammering||Children||24,796|24,796||
|AESOP||||95,259|95,259||
|Alzheimer's
Society||||163,600|163,600||
|Autistica||||||79,744|
|Awards for Young Musicians||||24,900|24,900||
|Birmingham
Botanical Gardens||||72,672|72,672||
|Bradford Literature
Festival||||||87,381|
|British Red Cross||||150,000|150,000||
|Carers Trust||||22,901|22,901||
|Crohn's and Colitis UK||||||38,175|
|Economist Educational||Foundation||||24,300|
|EMR4DW||||||25,000|
|FareShare||||75,000|75,000||
|Guy's &StThomas'|Charity|||25,000|25,000||
|Horatio's
Garden||||24,131|24,131||
|MS Society||||25,000|25,000||
|National
Youth Choirs||ofGreat Britain||||24,500|
|National
Youth Jazz|Orchestra|||||93,019|
|The Norfolk Hospice||||23,917|23,917||
|Orchestras
Live||||25,000|25,000||
|Rural Arts - ArtBeat||||23,332|23 332||
|Rural Arts - Courthouse||||59,403|59,403||
|The Sanata Charitable||Trust||250,000|250,000||
|Sheffield Hospitals
Chadty||||||177,276|
|Snape Maltings||||||24,834|
|Target Ovarian
Cancer||||||338,300|
|Theodora
Children's|Charity|||7,446|7,446||
|Two Ridings - Covid|19Fund|||100,000|100,000||
|Two Ridings||||137,500|137,500||
|Trust Music||||23,375|23,375||
|University
ofStrathclyde||||||496,060|
|Whitby 8 District Community|||Transport|12,500|12,500||
|Wild Rumpus||||||23,400|
|Yorkshire Arboretum||||||200,000|
|Total2020||||1,365,732|1,365,732|1,631,989|
##
##
##
##
|Staff costs||||||
|---|---|---|---|---|---|
|||||2020|2019|
|||||F||
|Wages and|salaries|||20,419||
|Social security costs||||5,396||
|Contribution|to defined|contribution|pension schemes|1,389||
|||||27,204||
|2020|2019|
|---|---|
|No.|No.|
##
##
##
##
|7.|intangible
assets||
|---|---|---|
|||Website|
||Cost||
||At 1 October 2019|11,952|
||Additions|6,000|
||At 30September 2020|17,952|
||Amortisation||
||Charge for the year|3,065|
||At 30September 2020|3,065|
||Net book value||
||At 30 September 2020|14,887|
||At 30September 2019|11,952|
|8.|Fixed asset investments||
||Listed|||
|---|---|---|---|
||investments|Cash|Total|
||E|E|f.|
|Cost or valuation||||
|At 1 October 2019|37,669,468|1,372,177|39,041,645|
|Additions|29,638,668|411,061|30,049,729|
|Disposals|(32,375,275)|(565,580)|(32,940,855)|
|Revaluations|41,977||41,977|
|At 30September 2020|34,974,838|1,217,658|36,192,496|
|Net book value||||
|At 30September 2020|34,974,838|1,217,658|36,192,496|
|At 30 September 2019|37,669,468|1,372,177|39,041,645|
##
##
##
##
|9.|Debtors|||||
|---|---|---|---|---|---|
|||||2020|2019|
|||||E|E|
||Due within one|year||||
||Prepayments
and accrued income|||11,014|12,893|
|||||11,014|12,893|
|10.|Creditors: amounts
falling due within one year|||||
|||||2020|2019|
||||||F|
||Grants awarded|but not yet paid||1,587,254|1,370,083|
||Accruals and deferred
income|||34,735|28,404|
|||||1,621,989|1,398,487|
|11.|Creditors: amounts
falling due after more than one year|||||
|||||2020|2019|
|||||F|F|
||Grants awarded|but not yet paid||625,889|949,605|
|12.|Reconciliation|ofgrants payable||||
|||||Total|Total|
|||||funds|funds|
||||2020|2020|2019|
||Accrued as at 1|October 2019|2,319,688|2,319,688|2,010,937|
||Grants awarded|in the year (note 4)|1,365,732|1,365,732|1,631,989|
||Grants paid
in the year||(1,541,162)|(1,541,162)|(1,332,273)|
||Interest released|on discounting|68,885|68,885|9,035|
||Accrued at 30September 2020||2,213,143|2,213,143|2,319,688|
##
##
##
##
|||||||Balance at|
|---|---|---|---|---|---|---|
|||Balance at 1||||30|
|||October|||Gains/|September|
|||2019f|Income
f|Expenditure|(Losses)|2020|
|Unrestricted|funds||||||
|General funds||38,492,054|595,961|(1,903,881)|(274,220)|36,909,914|
|Statement of|funds - prior year||||||
|||||||Balance at|
|||Balance at||||30|
|||1 October|||Gains/|September|
|||2018|Income|Expenditure|(Losses)|2019|
|||F|F||E|P|
|Unrestricted|funds||||||
|General funds||38,385,897|1,423,491|(1,982,079)|664,745|38,492,054|
##
|Reconcili|ation
ofn|et||movem|ent|in fund|s to net|cash flow f|rom operating|activities||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||2020|2019|
|Net
income/expenditure||||for|the|period|(as per|Statement|of Financial|||
|Activities)||||||||||(1,582,140)|106,157|
|Adjustments
for:||||||||||||
|Amortisation
charges||||||||||3,065||
|Losses /|(gains) on investments|||||||||345,530|(664,745)|
|Dividends,|interests|and||rents|from|investments||||(595,961)|(810,663)|
|Decrease|in debtors|||||||||1,879|247,409|
|(Decrease)
/ increase|||in creditors|||||||(100,214)|308,971|
|Donated|investments||||||||||(612,828)|
|Net cash|used in operating||||activities|||||(1,927,841)|(1,425,699)|
##
##
|15.|Analysis ofcash|Analysis ofcash|and cash equivalents|and cash equivalents||||
|---|---|---|---|---|---|---|---|
|||||||2020
f|2019|
||Cash|in hand||||2,939,395|1,773,656|
||Total|cash and cash||equivalents||2,939,395|1,773,656|
|16.|Analysis ofchanges|||in net debt||||
||||||At 1||At 30|
||||||October||September|
||||||2019|Cash flows|2020|
||||||||F|
||Cash|at bank and|in hand||1,773,656|1,165,739|2,939,395|
||||||1,773,656|1,165,739|2,939,395|
##
##
##
##
##
##
##