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||||Page|
|---|---|---|---|
|Reference and Administrative||Details ofthe Charity, its Trustees and Advisers||
|Trustees' Report|||2-4|
|Independent
Auditor's|Report|on the Financial Statements|5-7|
|Statement ofFinancial|Activities|||
|Balance Sheet||||
|Notes to the Financial|Statements||10-22|
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|Trustees||Lord Beaverbrook,|Lord Beaverbrook,|Chairman|
|---|---|---|---|---|
|||Lady Beaverbrook|||
|||The Hon Mr M|Aitken||
|||The Hon Mrs L Levi|||
|||MrJEA Kidd|||
|||The Hon Mr ARAitken|||
|||The Hon Ms C|Aitken||
|Charity registered|||||
|number||1153470|||
|Principal office||1SCrown Passage|||
|||London|||
|||SW1Y6PP|||
|Chief executive||Miss JSFord|||
|Independent|auditor|MHA Maclntyre|Hudson||
|||Chartered
Accountants|||
|||2 London Wall|Place||
|||London|||
|||EC2Y5AU|||
|Bankers||C Hoare &Co|||
|||London|||
|||EC4R 4TT|||
|||CAF Bank|||
|||West Mailing|||
|||Kent|||
|||ME194JQ|||
|Solicitors||Fieldfisher
LLP|||
|||Riverbank
House|||
|||2 Swan Lane|||
|||London|||
|||EC4R 3TT|||
|Custodians||Canaccord
Genuity|||
|||41 Lothbury|||
|||London|||
|||EC2R 7AE|||
|Investment|Managers|Whitley Asset Management|||
|||116Princedale|Road||
|||Notting
Hill|||
|||London|||
|||W11 4NH|||
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|||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2020|2020|2019|
||||Note|R|||
|Income from:|||||||
|Investments||||78,215|78,215|86,470|
|Total income||||78,215|78,216|86,470|
|Expenditure
on:|||||||
|Investment
management||costs||81,976|81,976|43,810|
|Charitable
activities||||466,623|466,623|440,748|
|Other expenditure - depreciation||||3,723|3723|1,722|
|Total expenditure||||552,322|552,322|486,280|
|Net gains/(losses)|on investments|||996,313|996,313|(44,684)|
|Net movement
in|funds|||522,206|522,206|(444,494)|
|Reconciliation
of|funds:||||||
|Total funds brought|forward|||13,334&776|13,334,776|13,779,270|
|Net movement
in funds||||522,206|522,206|(444,494)|
|Total funds carried forward||||13,856,982|13,856,982|13,334,776|
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|||Unrestncted|Total|
|---|---|---|---|
|||funds|funds|
|||2019f|2019|
|Dividends|receivable|?4,671|74,671|
|Interest receivable||11,799|11,799|
|||86,470|86,470|
|Analysis|ofgrants|||
|||Grants to|Total|
|||Institutions|funds|
|||2020|2020|
|Grants payable||294,800|294,800|
|||Grants to|Totat|
|||lnstituti'ons|funds|
|||2019|2019|
|Grants payable||227,455|227,455|
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||||2020|2019|
|---|---|---|---|---|
||||K||
|Name ofrecipient|||||
|English National||Ballet|23,500|25,000|
|Battle ofBritain||Memorial Trust||10,000|
|SSAFA||||10000|
|Charlotte's
BAG|||10,500|6,500|
|LChapman||||10,000|
|RAF Museum,|Hendon||25,000|25,000|
|PDSA|||1,000|7,500|
|Northwood
House|||41,000|40,000|
|World House Welfare|||2,100|20,000|
|BASMOM|||11,000|10,000|
|Place 2Be|||25,000||
|Billy Fiske Foundation|||25,000||
|Cardinal
Hume|Centre||10,000||
|Restart|||15,000||
|Royal Brompton||Hospital|5,000||
|Beaulieu House|||5,500||
||||199,600|164,000|
|Other grants (under K5,000)|||95,200|63,455|
||||294,800|227,455|
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|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2020|2020|
|Charitable|activities|466,623|466,623|
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|Unrestricted|Total|
|---|---|
|lunds|funds|
|2019|2019|
|440,748|440,748|
|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2020|2020|
|Archiving costs||33,691|33,691|
|Legal costs||7,652|7,652|
|Printing, stationery|and other office costs|10,001|10,001|
|Rent||42,550|42,550|
|Insurance||3,301|3,301|
|Trustees' expenses||56|66|
|Total2020||97,251|97,251|
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|||Endowment|Total|
|---|---|---|---|
|||funds|funds|
|||2019|2019|
|Archiving costs||39,646|39,646|
|Legal costs||17,542|17,542|
|Printing, stationery|and other office costs|5,942|5,942|
|Rent||67,948|67,948|
|Insurance||3,658|3,658|
|Trustees' expenses||2,862|2,862|
|Total2019||137,598|137,598|
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||||2020f|2019|
|---|---|---|---|---|
|Fees payable to the Charity's|auditor for the audit ofthe Charity's|annual|||
|accounts|||5,260|5,100|
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|Staffcosts|||||
|---|---|---|---|---|
||||2020f|2019|
|Wages and|salaries||62,307|60,210|
|Social security costs|||2,933|4,132|
|Contribution|to defined contribution|pension schemes|3,000|3,000|
|Private health insurance|||2,602|2,213|
||||70,842|69,555|
|2020|2019|
|---|---|
|No.|No.|
|2020|2019|
|---|---|
|No.|No.|
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||Heritage|Office||
|---|---|---|---|
||assets
f|equipment
f|Totalf|
|Cost or valuation||||
|At 1 October 2019|2,387,912|6,887|2,394,799|
|Additions|33,738|10,298|44,036|
|At 30September 2020|2,421,650|17,185|2,438,835|
|Depreciation||||
|At 1 October 2019||2,294|2,294|
|Charge for the year||3,723|3723|
|At 30September 2020||6,017|6,017|
|Net book value||||
|At 30September 2020|2,421,650|11,168|2,432,818|
|At30September 2019|2,387,912|4,593|2,392,505|
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||Listed|
|---|---|
||investinentsf|
|Cost or valuation||
|At 1 October 2019|10,857,716|
|Additions|7,709,857|
|Disposals|(2,914,631)|
|Revaluations|(4,459,775)|
|At 30September 2020|11,193,167|
|Net book value||
|At 30September 2020|11,193,167|
|At 30September 2019|10,857,716|
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|||2020|2019|
|---|---|---|---|
|Due after more than|one year|||
|Other debtors||36,000|36,000|
|||36,000|36,000|
|Creditors: Amounts|falling due within one year|||
|||2020|2019|
|Other taxation and social security|||1,531|
|Accruals and deferred|income|4,000|18,639|
|||4,000|20,170|
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|Statement o|ffunds - curren|t year|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||Balance at 1||||30|
|||October|||Gains/|September|
|||2019|Income
f|Expenditure
F|(Losses)
K|2020|
|Unrestricted|funds||||||
|General Funds - all funds||13,334,776|78,215|(552,322)|996,313|13,856,982|
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|Analysis ofnet assets between funds
Analysis ofnet assets between funds - current period|||
|---|---|---|
||Unrestricted|Total|
||funds|funds|
||2020|2020|
||F.||
|Tangible fixed assets|2,432,818|2,432,818|
|Fixed asset investments|11,193,167|11,193,187|
|Debtors due after more than one year|36,000|38,000|
|Current assets|198,997|198,997|
|Creditors due within one year|(4,000)|(4,000)|
|Total|13,856,982|13,856,982|
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|Analysis ofnet assets between funds - prior period|||
|---|---|---|
||Unrestricte|Total|
||funds|funds|
||2019|2019|
|Tangible fixed assets|2,392,505|2,392,505|
|Fixed asset investments|10,857,716|10,857,716|
|Debtors due after more than one year|36,000|36,000|
|Current assets|68,725|66,725|
|Creditors due within one year|(20,170)|(20,170)|
||13,334,776|13,334,776|
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