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2021-03-31-accounts

The Gumay Fund Rwl¥torod Company numborOB542702 Tho Gumgy Fund Reg1Stored Charlty numbar 1156903 Tho Gumey B8n8vol•nt Fund R•gistgred Charity numbor 1156903.2 THE GURNEY FUND -.1 TRUSTEES. REPORT AND AUDITED GROUP FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Ililil Mt- The Gurney Fund.. a Company Llmltsd by Guarantee reglstered England and Wales Regislralon No.. 08542702 R89Sst8r8d Charity No- 1156903 R8glster8d Offic8'. g Bath Road, Wothing, West Sussex BN113NU

Page
Legal and administrative
details
Chairman's report on behalf ofthe Trustees 2 to 9
Independent Auditor's
report		 10to 13
Consolidated Statement
of Financial		 Activities
Consolidated Balance Sheet 15
Chanty Balance Sheet 16
Consolidated Cash Flow Statement 17
Notes to the Financial Statements 18to 29

The Gurney Fund is administered by:
Chairman P Upham Retired August 2020
T Packham Appointed Chairman August 2020
Treasurer D Richards
Managing Trustees 0Abercrombie
and Directors 3 Apter
M Brunning
P Campbell Retired May 2021
3 Carter-Lang Appointed August 2021
3 Gilmer
L Hutson
S3ohnson
P Land Retired May 2021
I Simmons Appointed November 2020
M Tyler Appointed November 2020
M Warnes Appointed August 2021
Fund Manager Miss C McNicol
Registered Office 9 Bath Road
Worthing
West Sussex
BN11 3NU
Teh 01903237256
Web Site: www. gurneyfund. org
Bankers Lloyds Bank Pic
41-43 South Street
Worthing
West Sussex
BN11 3AU
Chartered Accountants Kreston Reeves LLP
and Statutory Auditor 9 Donnington Park
85 Birdham
Road
Chichester
West Sussex
PO20 7A3
Investment Managers Charles Stanley &Company Limited
Windsor
House
6 - 10Mount Ephraim House
Tunbridge
Wells
Kent
TN1 1EE
Sollcltol' Appointment pending

Unrestricted funds
Note 2021 2020
General Designated Restricted Total Total
6 6 6
Income
Donations
and legacies		 234,486 234,486 242,426
Income from investments 161,528 10,369 171,897 233014
Total Income 396,014 10~369 406~383 475440
Expenditure
Raising funds - investment manager costs 40,711 2,037 42,748 46,276
Charitable
activities		 4 955,058 955,058 881,052
Total expenditure 995,769 2,037 997,806 927,328
Net realised gains/(loss)
on		 investments 78,393 78,393 39177
Net unrealised
gains/(loss)		 on investments 1,670,620 40'979 1~71I 599 (1021398)
Net income/(expenditure) (521362) 1~670'620 4931I 1198569 (1434109)
Transfers between funds 10,579 (10,579)
Net movement
in		 funds (510783) Ig670~620 38732 1198~569 (1434109)
Reconciliation
of		 funds:
Total funds brought forward 4~727g168 2~440 088 353~591 7g520~847 8954956
Total funds carried forward 4~216~385 4110~708 392~323 8~719416 7520847

AT31MARCH 20 1 Company
number
Charity numbers		 Company
number
Charity numbers		 Company
number
Charity numbers		 08542702
115690381156903-2
Notes 2021I 2020
6
Fixed assets
Freehold
property		 400,000 400 DOO
Investments
Listed investments at market value 8,133,916 6 751,697
Current assets 8,533,916 7,151,697
Sundry
debtors		 39,793 48640
Cash at bank and
in		 hand 51,051 25986
Deposit accounts 102,811 301,811
Stockbrokerincome account
206,074 389241
Current liabilities
Sundry creditors 20D91
Net current assets 185,500 369150
Total ameta less current liabilities
Group funds:
Unrestricted
general		 funds
General
Brought forward 4,727,168 5138310
Movement
for the		 year (521,362) f423,282)
Transfer between reserves
Carried forward 4,216,385 4,727,168
Unrestricted
designated		 funds
Investment
fund		 10
Brought forward 2,440,088 3435364
Movement
for the		 year
Carried
forward		 4,110,708 2 440088
Restricted funds the Gurney Benevolent Endowment
Investmentfund
Brought forward 353,591 381,282
Movement
for the		 year 49,311 (15551)
Transfer between reserves
Carned
forward		 392,323 353,591
Total Group funds

AT31MARCH 20 1 Company number 08542702 number 08542702
Charity number 1156903
Notes 2021I 2020
6
Fixed assets
Freehold
property		 400,000 40D,OOO
Investments
Listed investments at market value 7,751,228 6,409988
Current assets 8,151,228 6,809988
Sundry debtors 39,793 4864D
Cash at bank and
in hand		 51,051 25986
Deposit accounts 95,665 292,628
Stockbroker
income		 account
196,442 377,362
Current liabilities
Sundry creditors 20091
Net current assets 175,868 357,271
Total assets less current liabilities
Charity funds:
Unrestricted
general funds
General
Brought forward 4,727,171 5138313
Movement
for the year
Carried forward 4,216,388 4,727,171
Unrestricted
designated		 funds
Investmentfund 10
Brought forward 2,440,088 3,435364
Movement
for the year
Carried forward 4,110,708 2 44D 088
TotalCharityfunds
The notes 1to 16form part ofthese accounts.

Note 2021 2020
6 E
Net cash oufflow from operating activities (582,093) (459,994)
Net cash inflow from investing activities 407,773 2/1,698
Net (decrease)/increase
in		 cash balances held
Cash and cash equivalents consists of: 2021 2020
6 E
Cash at bank and
in hand		 166,281 340,601
Cash and cash equivalents at31March
Note 1 - Reconciliation
of		 changes in resources to net inflow from operating activities 2021 2020
E
Net income/(expenditure)
for		 the year before other recognised gains and losses (591,423) (451,888)
Decrease/(increase)
in debtors		 8,847 (8,403)
Increase
in creditors		 483 292
Net cash outflow from operating activities
Note 2 - Net investment
proceeds/(purchases)		 2021 2020
6 E
Payments
to acquire shares		 (381,923) (512,849)
Receipts from sales ofshares 789,696 1,229542
Net cash inflow from investing activities
Note 3 - Net decrease in cash balances held
Movement in
year 2021 2020
F. 6
Deposit accounts (199,000) 102,811 301,811
Stockbroker
income account		 (385) 12,419 12,804
Current account and cash 25,065 51,051 25986'
166281 340601

2 Expenditure
2021 2020
Expenditure
is stated		 aher charging: 6 E
Auditor's
remuneration:
Audit ofthe financial statements 8,200 8,200
Accountancy
and other		 services 1,880 4,785
3 Donations
and legacies
2021 2020
6 E
Forces subscriptions 222,567 219,655
Forces donations
and		 collecting boxes 15 2,242 2,099
Private donations 16 9,677 12,495
Legacies 17 8177
234486 242426
4 Expenditure
on charitable		 activities
2021 2020
6 E
Allowances
and grants		 to children 772,402 675459
Activity
holiday		 82 19,697
Sailing holiday 96 16;420
Christmas
gifts		 40,000 37,250
Administration
costs detailed		 below 66,975 49,032
Wages and salaries allocation 64,571 62721
Trustees'
expenses		 787 6991
Audit ofthe financial statements 8,200 8200
Accountancy
and other		 services 1,880 4785
Legal and professional fees 65 65
880620
Administration
coal's:
Telephone
and postage		 3,159 2469
Printing,
stationery
and		 marketing 19,524 30939
Sundries 91 (148)
Rates and insurance 4,309 4,271
Lighting,
heating
and		 cleaning 2,915 3,440
Repairs, renewals
and		 garden upkeep 36,902 7,399
Staff travel
and training		 50 637
Staffcost s
2021 2020
Group and charity E
Gross salaries 55,959 53,701
Employers national insurance contributions 1,302 2,040
Pension scheme contributions 7,310 6,900
62721

8 Debtors Group Group Group Group Charity Charity
2021 2020 2021 2020
F. 6 E 6
Deferred expenses 2,737 13717 2,737 13717
Contributions
from forces		 37,056 34 923 37,056 34923
9 Creditors
2021 2020
Group and charity E E
FAYE and
NI		 1,246 1,285
Other creditors and accruals 19,328 18,806
10 Designated
funds
Group and charity 2021I 2020
Market value of investments at 31 March 2021 7,751,228 6,409,988
Historical cost of investments (3r640r520) (39699003
The Trustees
believe
it		 would not be prudent to consider unrealised
gains on		 investments as being expendable
as the gains		 or losses may
differ materially
from those		 which are subsequently realised.
When the market value of investments exceeds their historic cost the aggregate unrealised gain is credited to the designated fund. Where
the market value of investments
is less than their historic cost the aggregate		 unrealised loss remains within the general fund.
11 Income and expenditure - prior period
Unrestricted Unrestricted Restricted 2020
General Designated funds Total
funds funds funds
I E 6
Income
Donations
and legacies		 242,426 242,426
Income from investments 220,373 12,641 233,014
Total income
Expenditure
Expenditure
on raising		 funds 44,206 2,070 46,276
Expenditure
on charitable		 activities 881,052 881,052
Total expenditure 925,258 2,070 927,328

Fixed Fixed Current
Asset Investments Assets Creditors Total
E E E E E
Unrestricted funds 400,000 7,751,228 196,442 (20,574) 8,327,096
Restricted fund - Gurney 382,688 9,632 392,320
Benevolent Fund
13 Charity results
2021 2020
E 6
Income 396,014 462,799
Expenditure on raising funds (40I711) (44,207)
Expenditure on chantable activities (955,058) (881,052)
Realised gains on mvestments 78,393 39177
Unrealised gains / (losses) on investments 1,670,620 (995276)
Transfer from Gurney Benevolent Fund 10,579 12,140
Net income/(expenditure)
14 Gurney Benevolent Fund results
The results ofthe Gurney Benevolent
Fund,		 as extracted from these audited accounts, are as follows-
2021 2020
E 6
The income and expenses were:
Income from investments 10,369 12,641
Expenditure on raising funds (2,037) (2,070)
Net realised gains / (losses) on investments
Net unrealised gains / (losses) on investments 40,979 (26122)
Transfer to general unrestricted fund (10,579) (12,140)
Net income for year
The assets and liabilities were:
Fixed asset investments 382,688 341,709
Current assets 9,632 11,881
Total net assets 353590
Represented by:
Restricted funds 392,320 353,590
Total funds

2021 2020
6 E
Devon
lk Cornwag		 Raised by an officer who completed a half-marathon but 250
wishes to remain anonymous
Dorset Dorset Police Federation 2,000
Hampshire Anonymous 24
Hampshire Sailing and Activity Holiday pocket money 1,000
Hampshire Wmchester Peace Golf Society 56'2
Kent Donation from a member ofthe public 100
Leicestershire Chief Constable's Awards
Evening		 104
Leicestershire Mrs Kathy Robinson, Deputy Lieutenant, Rutland County Council 100
Surrey Fund collecting box 142
Warwickshire Collection boxes 59
Private donations
2021 2020
5 E
Anonymous 120
British Transport Police 450
BT Mydonate 89
Garth Doubleday Chaditable Trust 1,200 800
Heanng
Star in association		 with NARPO 1,000
In memory of Terry Rees Deceased: retired sergeant Gwent 6South Wales Police 198
In memory of R Lawrence 260
Mr C Groome 70
Mr K Gromett 55 60
Mrs Lissie Harper in memory of PC Andrew Harper 2,500
Mr M Helyar 120 120
Mr Simon Stabb and Ms Sam Tyrell 300
Mrs Susan Craggs
Mrs T Plumridge		 100 180
17
Mr TBroadfoot 100
Suggett Chaditable Trust received via Charities Aid Foundation 125
Paypal 223 2
Rotary Club of Radlett, StAlbans
Virgin Money Giving		 Royal Marine Band Charity Concert 4,144 200
9659