| Trustees | Mr I Oliver |
|
|---|---|---|
| S Lemaire | ||
| 9 P McCann | ||
| Charity number | 1158561 | |
| Principal | address | 52 North Street |
| Chichester | ||
| Weal Sussex | ||
| PO19 1NQ | ||
| Auditor | Wattmg & Hirsl Limited |
|
| Cawley Place | ||
| 15Cawley Road | ||
| Chichester | ||
| West Sussex | ||
| PO19 IIJZ | ||
| Solicitors | George Ide LLP | |
| 52 North Street | ||
| Ch chester | ||
| West Sussex | ||
| PO19 IN Q |
| Page | ||
|---|---|---|
| Trustees' report |
1-2 | |
| Statement oftrustees' |
responsibilities | |
| Independent auditor's |
report | |
| Slatemenl of financial |
activities | |
| Balance sheet | ||
| Statement ofcash flows |
to | |
| Notes to the finanaal | statements | 11 - 18 |
| Unrestricted | Unrestricted | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2021 | 2020 | ||||
| Notes | 8 | 8 | |||
| i | |||||
| Donations and |
legames | 3 | 2.707.514 | 59 | |
| Chantable activities |
4 | 31,500 | |||
| Investments | 5 | 46436 | 18.555 | ||
| Total income | 2 785.450 | 18.614 | |||
| i~de | |||||
| Raising funds |
6 | tg 034 | 8,860 | ||
| Chantable act |
vities | 30.563 | 1 931 | ||
| Total expenditure | 40,597 | 10791 | |||
| Net gainsltlosses) | on investments | 12 | 181,571 | (90442) | |
| Net movement | in | funds | 2926424 | (82,619) | |
| fund balances | at 6April 2020 | 523 897 | 606516 | ||
| Fund balances | at | 5April 2021 | 3450 321 | 523 897 |
| 2021 | 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Notes | f | f | f | ||||||
| Fixed assets | |||||||||
| Investment | properties | 13 | I 075 000 | ||||||
| Investments | 14 | I 595,896 | 481 311 | ||||||
| 2 670896 | 481 311 | ||||||||
| Current assets | |||||||||
| Oebtors | 740000 | ||||||||
| Cash at bank and | in | hand | 47 099 | 43 426 | |||||
| 787 099 | 43 426 | ||||||||
| Creditors: | amounts | falhng | due within | ||||||
| one year | 16 | (7,674) | (840) | ||||||
| Net current | assets | 779425 | 42 586 | ||||||
| Total assets less | current liabilities | 3450 321 | 523 897 | ||||||
| Income funds | |||||||||
| ()nrestncted | funds | 3 450,321 | 523 897 | ||||||
| 3,450 321 | 523.897 |
| 2021 | 2020 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Notes | f | f | |||||||||
| Cash flows from operating | activities | ||||||||||
| Cash absorbed | by operations | 18 | (42.763l | (10.706) | |||||||
| Investing | activities | ||||||||||
| Investmenl | mcome received | t8.555 | |||||||||
| Net cash | generated from |
investing | |||||||||
| activities | 48,436 | 10.555 | |||||||||
| Net cash | used | in tinancing | activities | ||||||||
| Net increase in |
cash and cash equivalents | 3,673 | 7849 | ||||||||
| Cash and | cash | equivalents | at | beginning | of year | 43.426 | 35577 | ||||
| Cash and | cash | equivalents | at end of | year | 47099 | 43426 |
| Unrestricted | Unrestncted | |
|---|---|---|
| funds | funds | |
| 2021 | 2020 | |
| E | E | |
| Donat ons and gifts | 59 | |
| Legacies recewable | 2 707 514 | |
| 2.707,514 | 50 |
| 4 | Charitable activities |
|
|---|---|---|
| Unrestricted | ||
| funds | ||
| 2021 | ||
| 8 | ||
| Rental income | 31.500 | |
| 5 | Investments |
| Unrestricted | Unrestncted | |||
|---|---|---|---|---|
| funds | funds | |||
| 2021 | 2020 | |||
| f | f | |||
| Investment | income | 46.436 | 18555 | |
| Raising funds | ||||
| Unrestricted | Unrestncted | |||
| funds | funds | |||
| 2021 | 2020 | |||
| f | E | |||
| Investmenl | mana | emenl | 10034 | 8860 |
| 10034 | 8860 |
| UnrestrictedUnrestricted | UnrestrictedUnrestricted | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2021 | 2020 | ||||
| 8 | E | ||||
| Bad debts relating | to | rental income | 11 545 | ||
| Grant funding | of activihes (see note 8) | 9 700 | 1 091 | ||
| Share of governance | costs (see note 9) | 9318 | 840 | ||
| 30563 | 1,931 |
| Unrestricted | Unrestncted | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2021 | 2020 | ||||
| E | |||||
| Grants | to nslitutions | (I grant) | |||
| Compt | mentary | therapy | 9200 | ||
| Other | I 091 |
| Support | costs | ||||||
|---|---|---|---|---|---|---|---|
| Support | Governance | 2021 | Support | Governance | 2020 | ||
| costs | costs | costs | costs | ||||
| E | E | E | E | ||||
| Audit fees | 6000 | 6,000 | e40 | 640 | |||
| Legal and | profess onal | 3,318 | 3,318 | ||||
| 9318 | 9318 | e40 | 840 | ||||
| Analysed | between | ||||||
| Chantable | activities | 9318 | 9 318 | 840 | 840 |
| Unrestricted | Unreslncted | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2021 | 2020 | ||||
| 6 | 6 | ||||
| Revaluation | of investmenls | 131.571 | (90442) | ||
| Revaluation | of investment | properties | 50.000 | ||
| 181 571 | (90442) | ||||
| 13 | Investment | property | |||
| 2021 | |||||
| 6 | |||||
| Fair value | |||||
| At 6Apnl 2020 | |||||
| Net gams or | losses through | fair value adluslmenls | 50000 | ||
| Addit ons from legacies | I 025000 | ||||
| At 5 Apr-I 2021 | I 075 000 |
| Fixed as | set investments | ||
|---|---|---|---|
| Listed | |||
| investments | |||
| f | |||
| Cost or valuation | |||
| Al 6 Apnl | 2020 | 481,311 | |
| Additions | 983,014 | ||
| Valuation | changes | 131571 | |
| At 5 Apnl | 2021 | 1 595896 | |
| Carrying | amount | ||
| Al 05Apnl 2021 | 1 595896 | ||
| Al 05 April 2020 | 481 311 | ||
| 2021 | 2020 | ||
| 8 | 8 | ||
| Investments al fair value compnse |
|||
| Listed mvestments | 1 595 896 | 48'I 31'I |
| 15 | Debtors | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||||||
| Amounts falling due |
within | one | year: | E, | E | |||||
| Other debtors | 740 000 | |||||||||
| 18 | Creditom: amounts | falling due within one year | ||||||||
| 2021 | 2020 | |||||||||
| E | E | |||||||||
| Accruals and deferred |
income | 7 674 | 840 | |||||||
| 17 | Related party transactions | |||||||||
| There were no disclosable related |
party Iransacuons | dunng | Ihe year (2020 - none) | |||||||
| 18 | Cash generated from operations |
2021 | 2020 | |||||||
| E | E | |||||||||
| Surplus/(degcrt) for the year |
2 | 926,424 | (82617) | |||||||
| Adlustments for |
||||||||||
| Investment income recognised |
n slatemenl | of finanrial | acuvilies | (46.436) | (18555) | |||||
| Investmenls recewed |
from legames | (983014) | ||||||||
| Investment properaes |
received | from legacies | (1,025,000) | |||||||
| Fair value gains and losses on | investment | properues | (50,000) | |||||||
| Fair value gains and losses on | investments | (131,571) | 90,442 | |||||||
| Movements m working |
capital | |||||||||
| (Increase) m debtors |
(740,000) | |||||||||
| Increase in creditors |
6 834 | 24 | ||||||||
| Cash absorbed by operations |
(42.763) | (10,706) |