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|---|---|---|---|
|Reference and Administrative||Details ofthe Charity, its Trustees and Advisers||
|Trustees' Report|||2-4|
|Independent
Auditor's|Report|on the Financial Statements|5-8|
|Statement of Financial|Activities|||
|Balance Sheet|||10|
|Notes to the Financial|Statements||11-23|
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|REFERENCE AND ADMINISTRATIVE
DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS|REFERENCE AND ADMINISTRATIVE
DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS|REFERENCE AND ADMINISTRATIVE
DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS|REFERENCE AND ADMINISTRATIVE
DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS|REFERENCE AND ADMINISTRATIVE
DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS|REFERENCE AND ADMINISTRATIVE
DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS|
|---|---|---|---|---|---|
|FOR THE YEAR ENDED||30SEPTEMBER||2021||
|Trustees||Lord Beaverbrook,|||Chairman|
|||Lady Beaverbrook||||
|||The Hon Mr M Aitken||||
|||The Hon Mrs L||Levi||
|||MrJEA Kidd||||
|||The Hon Mr A|RAitken|||
|||The Hon Ms CAitken||||
|Charity registered||||||
|number||1153470||||
|Principal oNce||19Crown Passage||||
|||London||||
|||SW1Y6PP||||
|Chief executive||Miss JSFord||||
|Independent|auditor|MHA Maclntyre||Hudson||
|||Chartered
Accountants||||
|||2 London Wall|Place|||
|||London||||
|||EC2Y 5AU||||
|Bankers||C Hoare8 Co||||
|||London||||
|||EC4R4TT||||
|||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|
||||2021|2021|2020|
|||Note|F|f.||
|Income from:||||||
|Investments|||76,212|76,212|78,215|
|Total income|||76,212|76,212|78,215|
|Expenditure
on:||||||
|Investment
management|costs||81,709|81,709|81,976|
|Charitable
activities||4,5,8|495,839|495,839|466,623|
|Other expenditure
-depreciation|||44,852|44,852|3,723|
|Total expenditure|||622,400|622,400|552,322|
|Net expenditure
before|net gains on investments||(546,188)|(546,188)|(474,107)|
|Net gains on investments|||1,875,481|1,875,481|996,313|
|Net movement
in funds|||1,329,293|1,329,293|522,206|
|Reconciliation
offunds:||||||
|Total funds brought
forward|||13,856,982|13,856,982|13,334,776|
|Net movement
in funds|||1,329,293|1,329,293|522,206|
|Total funds carried forward|||15,186,275|15,186,275|13,856,982|
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|||Note||2021f||2020|
|---|---|---|---|---|---|---|
|Fixed assets|||||||
|Tangible assets||10||4,280,172||2,432,818|
|Investments||11||12,044,673||11,193,16?|
|||||16,324,845||13,625,985|
|Current assets|||||||
|Debtors||12|36,000||36,000||
|Cash at bank and|in hand||198,456||198,997||
||||234,456||234,997||
|Creditors: amounts|falling due within one||||||
|year||13|(41,000)||(4,000)||
|Net current assets||||193,456||230,997|
|Creditors: amounts|falling due after more||||||
|than one year||14||(1,332,026)|||
|Total net assets||||15,186,275||13,856,982|
|Charity funds|||||||
|Restricted funds||15|||||
|Unrestricted
funds||15||15,186,275||13,856,982|
|Total funds||||15,186,275||13,856,982|
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|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2021|2021|
|Rental income||7,868|7,868|
|Dividends|receivable|68,320|68,320|
|Interest receivable||24|24|
|||76,212|76,212|
|||Unrestricted|Total|
|||funds|funds|
|||2020|2020|
|Dividends|receivable|72,880|72,880|
|Interest receivable||5,335|5,335|
|||78,215|78,215|
|Analysis|ofgrants|||
|||Grants to|Total|
|||Institutions|funds|
|||2021
K|2021f|
|Grants payable||291,903|291,903|
|||Grants to|Total|
|||Institutions|funds|
|||2020|2020|
|Grants payable||294,800|294,800|
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|The Charity has made the following
material grants to|institutions
during the year:||
|---|---|---|
||2021|2020|
||E||
|Name ofrecipient|||
|English
National
Ballet|20,000|23,500|
|Charlotte's
BAG|7,500|10,500|
|RAF Museum,
Hendon|25,000|25,000|
|PDSA||1,000|
|Northwood
House|1,750|41,000|
|World Horse Welfare|5,000|2,100|
|BASMOM|500|11,000|
|Place 2Be|25,000|25,000|
|Billy Fiske Foundation|25,000|25,000|
|Cardinal
Hume Centre|10,000|10,000|
|Restart||15,000|
|Royal Brompton
Hospital||5,000|
|Beaulieu House||5,500|
|Bristol Music Trust|16,000||
|London Screen Academy|40,000||
|T21|12,000||
||187,750|199,600|
|Other grants (under f5,000)|104,153|95,200|
||291,903|294,800|
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|unrestricted|Total|
|---|---|
|funds|funds|
|2020|2020|
|466,623|466,623|
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|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2021|2021|
|Archiving costs||26,233|26,233|
|Legal costs||9,103|9,'l03|
|Audit and accountancy||6,712|6,712|
|Printing, stationery|and other office costs|32,199|32,199|
|Rent||2,596|2,596|
|Insurance||12,112|12,112|
|Trustees' expenses||2,403|2,403|
|Mortgage interest||36,146|36,146|
|Bank charges||537|537|
|Total 2021||128041|128,041|
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|||||||Unrestricted|Total|
|---|---|---|---|---|---|---|---|
|||||||funds|funds|
|||||||2020|2020|
|Archiving|costs|||||33,691|33,691|
|Legal costs||||||7,652|7,652|
|Audit and|accountancy|||||6,332|6,332|
|Printing, stationery||and|other|office costs||7,161|7,161|
|Rent||||||42,550|42,550|
|Insurance||||||3,301|3,301|
|Trustees'|expenses|||||56|56|
|Bank charges||||||238|238|
|Total 2020||||||100,981|100,981|
|Auditor's|remuneration||and|governance costs||||
|||||||2021|2020|
|||||||K||
|Fees payable to the Charity's||||auditor for the audit ofthe Charity's|annual|||
|accounts||||||5,400|5,260|
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||||2021|2020|
|---|---|---|---|---|
|Wages and|salaries||67,663|62,307|
|Social security costs|||4,093|2,933|
|Contribution|to defined contribution|pension schemes|3,000|3,000|
|Private health insurance|||2,703|2,602|
||||77,459|70,842|
|2021|2020|
|---|---|
|No.|No.|
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|2021|2020|
|---|---|
|No.|No.|
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||Heritage|Freehold|Office||
|---|---|---|---|---|
||assets|property|equipment|Total|
||K||E||
|Cost or valuation|||||
|At 1 October 2020|2,421,650||17,185|2,438,835|
|Additions||2,102,992|3,604|2,106,596|
|Revaluations|(214,390)|||(214,390)|
|At 30September 2021|2,207,260|2,102,992|20,789|4,331,041|
|Depreciation|||||
|At 1 October 2020|||6,017|6,017|
|Charge forthe year||42,060|2,792|44,852|
|At 30September 2021||42,060|8,809|50,869|
|Net book value|||||
|At 30September 2021|2,207,260|2,060,932|11,980|4,280,172|
|At30September 2020|2,421,650||11,168|2,432,818|
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||Listed|
|---|---|
||investmentsf|
|Cost or valuation||
|At 1 October 2020|11,193,167|
|Additions|640,283|
|Disposals|(770,000)|
|Revaluations|981,223|
|At 30September 2021|12,044,673|
|Net book value||
|At 30September 2021|12,044,673|
|At30September 2020|11,193,167|
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||2021f|2020f|
|---|---|---|
|Due after more than one year|||
|Other debtors|36,000|36,000|
||36,000|36,000|
|13.|Creditors: Amounts|falling due within one year|||
|---|---|---|---|---|
||||2021f|2020|
||Bank loans||37,000||
||Accruals and deferred|income|4,000|4,000|
||||41,000|4,000|
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|Statement o|ffunds - prior y|ear||||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
|||Balance at|||||30|
|||1October||||Gains/|September|
|||2019f|Income
f|Expenditun.|f|(Losses)f|2020|
|Unrestricted|funds|||||||
|General Funds - all funds||13,334,776|78,215|(552,322)||996,313|13,856,982|
|||||||Balance at|
|---|---|---|---|---|---|---|
|||Balance at 1||||30|
|||October|||Gains/|September|
|||2020|Income|Expenditure|(Losses)|2021|
|||E|E||E|E|
|General|funds|13,856,982|76,212|(622,400)|1,875,481|15,186,275|
||||||||Balance at|
|---|---|---|---|---|---|---|---|
|||Balance at|||||30|
|||1October||||Gainsr|September|
|||2019f|Income
f|Expenditure|f|(Losses)|2020|
|General|funds|13,334,776|78,215|(552,322)||996,313|13,856,982|
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|Analysis ofnet assets between funds - current year|||
|---|---|---|
||Unrestricted|Total|
||funds|funds|
||2021|2021|
|||K|
|Tangible fixed assets|4,280,172|4,280,172|
|Fixed asset investments|12,044,673|12,044,673|
|Debtors due after more than one year|36,000|36,000|
|Current assets|198,456|198,456|
|Creditors due within one year|(41,000)|(41,000)|
|Creditors due in more than one year|(1,332,026)|(1&332,026)|
|Total|15,186,275|15,186„275|
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|Analysis ofnet assets between funds - prior year|||
|---|---|---|
||Unrestricted|Total|
||funds|funds|
||2020|2020|
|Tangible fixed assets|2,432,818|2,432,818|
|Fixed asset investments|11,193,167|11,193,167|
|Debtors due after more than one year|36,000|36,000|
|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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