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|Contents|||Page|
|---|---|---|---|
|Reference and administrative|details ofthe trust,|its trustees and advisors|2-3|
|Annual
report ofthe trustees|||4-7|
|Independent
Auditor's
report|||8-10|
|Statement
offinancial
activities||||
|Balance sheet|||12|
|Statement
ofcash flows|||13|
|Notes to the financial
statement|||14-20|
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|||||Note|2021||2020|
|---|---|---|---|---|---|---|---|
||||||Total||Total|
||||||||F|
|Income and endowments||||||||
|Investment
income||||||||
|- Dividends
8 interest from investments|||||497,837.60||550,143.37|
|- Interest on cash deposits|||||2,485.02||14,366.44|
|Total income and endowments|||||500,322.62||564,509.81|
|Expenditure||||||||
|Cost of raising funds||||||||
|Investment
management|costs||||98,076.69||92,001.09|
|Charitable
activities||||||||
|Grants|||||740,064.00||1,040,000.00|
|Support costs||||||||
|Administration
costs|||||24,974.40||28,500.00|
|Governance
costs: audit|||||4,110.00||4,020.00|
|Cost ofgrant making|||||769,148.40||1,072,520.00|
|Total expenditure|||||867,225.09||1,164,521.09|
|Gains/(losses)
on investments||||||||
|— realised|||||124,324.09|(|13,488.32)|
|- unrealised|||||7,073,980.18|(|4,221,688.28)|
|Net income and net movement||in funds|||6,831,401.80|(|4,835,187.88)|
|Reconciliation
of Funds||||||||
|Fund balances
brought||||||||
|forward at 5 April 2020|||||22,680,123.30|27,515,311.18||
|Fund balances carried forward||||||||
|at 5 April 2021||||10|29,511,525.10|22,680,123.30||
|All activities of the trust relate to||continuing|operations.|||||
||||Note|2021
E|2020f|
|---|---|---|---|---|---|
|Net cash (used in) operating|activities||12|867,435.09|541,035.49|
|Cash flows from investing
activities:||||||
|Dividends
8 interest from|investments|||497,837.60|550,143.37|
|Interest on cash deposits||||2,485.02|14,366.44|
|Purchase of investments||||( 3,466,130.82)|( 2,016,350.28)|
|Proceeds from sale of investments||||1,605,834.09|494,023.68|
|Net cash (used in) investing|activities|||1,359,974.11|957,816.79|
|(Decrease) in cash and cash equivalents||in the year||( 2,227,409.20)|( 1,498,852.28)|
|Cash and cash equivalents
brought
forward||||4,509,518.30|6,008,370.58|
|Cash and cash equivalents|carried forward|||2,282,109.10|4,509,518.30|
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|Charitable
expenditure|||||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Grants:|||||||||||||
|Primary|||||||||||||
|The prevention
or relief of poverty|||||||||||70,000.00|120,000.00|
|The advancement
of education|||||||||||66,000.00|95,000.00|
|The advancement
of health||or the saving of lives|||||||||245,500.00|277,500.00|
|The advancement
ofthe|arts, culture,|||||heritage|or|science|||133,500.00|282,500.00|
|Secondary|||||||||||||
|The advancement
ofcitizenship||||or community|||development|||||35,000.00|
|The advancement
of amateur|||sport||||||||98,664.00|20,000.00|
|The advancement
of environmental|||||protection||or|improvement|||54,400.00|30,000.00|
|The relief ofthose in need,||by reason||||of youth,|age, ill-health,||disability,|financial|||
|hardship
or other disadvantage|||||||||||72,000.00|180,000.00|
||||||||||||740,064.00|1,040,000.00|
|Support costs|||||||||||||
|Administration
costs|||||||||||24,974.40|28,500.00|
|Governance
costs
—audit|fee||||||||||4,110.00|4,020.00|
|Total cost ofgrant making|||||||||||769,148.40|1,072,520.00|
||||||||||||2021|2020|
|Grants to institutions:||||||||Date|||||
|Aplastic Anaemia
Trust||||||||21/5/19||||10,000.00|
|Paintings
in Hospitals||||||||21/5/19||||10,000.00|
|Birmingham
Royal Ballet||||||||21/5/19||||10,000.00|
|Royal Academy of Culinary||Arts|||||||||||
|"Adopt a School" Trust||||||||21/5/19||||5,000.00|
|Tom's Trust||||||||21/5/19||||10,000.00|
|Amnesty
Intl UK Trust||||||||21/5/19||||10,000.00|
|CRRU (Cetacean Research|||& Rescue Unit)|||||21/5/19||||20,000.00|
|Museum
of London||||||||21/5/19||||100,000.00|
|Psappha
Limited||||||||24/5/19||||5,000.00|
|Greyfriars
Development|Appeal|||No1||||24/5/19||||20,000.00|
|Sheffield
Wildlife Trust||||||||24/5/19||||5,000.00|
|Polka Children's
Theatre|Limited|||||||24/5/19||||5,000.00|
|David Shepherd
Wildlife|Foundation|||||||31/5/19||||5,000.00|
|Care Network
Cambridgeshire||||||||31/5/19||||20,000.00|
|Cambridge
Science Centre||||||||23/7/19||||40,000.00|
|Boccia England
Ltd||||||||15/8/19||||5,000.00|
|HIP Z||||||||15/8/19||||20,000.00|
|SmartSTEMs||||||||15/8/19||||20,000.00|
|School Aid||||||||15/8/19||||20,000.00|
|The Freya Foundation||||||||15/8/19||||5,000.00|
|Amalthea
Trust||||||||15/8/19||||30,000.00|
|In Kind Direct||||||||15/8/19||||20,000.00|
|CHICKS (Country
Holidays||for Inner|||City Kids|||12/12/19||||5,000.00|
|Action for Stammering
Children||||||||12/12/19||||5,000.00|
|West Somerset
Railway|Association|||||||12/12/19||||20,000.00|
|Wintercomfort
for the Homeless||||||||12/12/19||||15,000.00|
|Mary Rose Trust||||||||12/12/19||||20,000.00|
|5425610
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||||Fo|r the year ended 5 April 2021|||
|---|---|---|---|---|---|---|
|Grants to institutions
cont'd:||||Date|2021f|2020f|
|Euan's Guide||||18/12/19||20,000.00|
|Diverse Abilities
Plus Ltd||||18/12/19||10,000.00|
|Grantchester
Parochial
Church||Council||19/12/19||25,000.00|
|StepChange
Debt Charity||||13/1/20||30,000.00|
|Brooke Hospital
for Animals||||17/1/20||25,000.00|
|Dementia
UK||||17/1/20||25,000.00|
|Good Shepherd
Services||||17/1/20||5,000.00|
|Ethiopiaid||||17/1/20||10,000.00|
|Awards for Young Musicians||||17/1/20||10,000.00|
|Goalball||||17/1/20||5,000.00|
|Re-Cycle||||17/1/20||5,000.00|
|John Muir Trust||||17/1/20||5,000.00|
|Chance to Shine||||27/1/20||20,000.00|
|Coroner's
Courts Support|Service|||27/1/20||150,000.00|
|Orchestra
Of The Age Of|Enlightenment|||27/1/20||37,500.00|
|Tall Ships Youth Trust||||26/2/20||10,000.00|
|London Handel Society Ltd||||27/1/20||50,000.00|
|The Egmont Trust||||4/2/20||62,500.00|
|Addenbrooke's
Charitable|Trust|||27/1/20||75,000.00|
|Scottish Seabird Centre||||29/5/20|10,000.00||
|Cambridge
Science Centre||||29/5/20|15,000.00||
|Medecins Sans Frontiers|(UK)|||29/5/20|30,000.00||
|Disabled Sailors Association||||1/6/20|21,000.00||
|Contact A Family||||9/6/20|10,000.00||
|Papworth
Trust Appeal
Fund||||11/06/20 8 23/11/20|17,000.00||
|The Alan Turing
Institute||||24/6/20|30,000.00||
|Open Hand Productions||||20/7/20|25,000.00||
|Campaign
for National
Parks||||7/8/20|10,000.00||
|Roald Dahl's Marvellous
Children' s|||Charity|13/8/20|30,000.00||
|Scottish Documentary
Institute||||14/8/20|16,000.00||
|No Gain No Pain||||14/8/20|15,000.00||
|Level Water||||21/8/20|15,000.00||
|Marine Conservation
Society||||21/8/20|20,000.00||
|Care Network
Cambridgeshire||||9/9/20|20,000.00||
|The Wheelchair
Football Associatio|||n CIO|25/9/20|12,664.00||
|Outward
Bound Trust||||15/10/20|10,000.00||
|The Back-Up Trust||||15/10/20|10,000.00||
|Ecological Continuity
Trust||||15/10/20|20,000.00||
|Abandofbrothers||||16/10/20|15,000.00||
|Mary's Meals||||20/10/20|30,000.00||
|Peer Productions||||20/10/20|5,000.00||
|British Disabled
Angling
Association||||20/10/20|10,000.00||
|Douglas Bader Foundation||||21/10/20|15,000.00||
|Greenfingers
Charity||||9/12/20|10,000.00||
|Derbyshire
Wildlife Trust||||13/1/21|3,000.00||
|GreenSeas Trust||||14/1/21|4,400.00||
|Edinburgh
Science||||14/1/21|11,000.00||
|London Handel
Society||||14/1/21|50,000.00||
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||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||Grants to institutions||co|nt'd:||||2021||2020|
|||||||Date||F||F|
||Addenbrooke's|Charitable||Trust||14/1/21||75,000.00|||
||Cool Earth Ltd|||||14/1/21||30,000.00|||
||Orchestra
ofthe|Age of|Enlightenment|||15/1/21||37,500.00|||
||Sports Aid Trust|||||15/1/21||20,000.00|||
||The Egmont Trust|||||15/1/21||62,500.00|||
||British Epilepsy|Association||||15/1/21||5,000.00|||
||The Cavalier Centre|||||5/3/21||20,000.00|||
|||||||||740,064.00||1,040,000.00|
|6|Listed investments|||||||2021f||2020
F|
||Opening
market|value||||||18,181,435.00|20,894,285.00||
||Add: Acquisitions
at cost|||||||3,466,130.82||2,016,350.28|
||Less: Disposals|||||||( 1,481,510.00)|(|507,512.00)|
||Net gains on revaluation|||||||7,073,980.18|(|4,221,688.28|
||Closing market value at||5 April|||||27,240,036.00|18,181,435.00||
||Historic Cost|||||||22,922,763.75|20,714,524.08||
||The distribution|of investments|||is:||||||
|||||||||F||E|
||Private Equity||||||3.67%|1,000,029||750,009|
||UK Equity||||||48.41%|13,188,645||7,945,699|
||Overseas
Equity||||||29.26%|7,969,213||7,440,294|
||Multi Asset||||||12.17%|3,313,983||1,662,994|
||Specialist||||||6.49%|1,768,166||382,439|
||||||||100.00%|27,240,036||18,181,435|
|7|Cash at bank|||||||2021||2020|
|||||||||F||E|
||Balmoral WP1449729 —wrap cash|||||||1,061,818.47||1,000,455.52|
||Balmoral WP1449729 —portfolio||||cash|||758,974.39||530,852.62|
||Balmoral WP1449729 —total cash|||||||1,820,792.86||1,531,308.14|
||Brodies LLP — Royal Bank|||of Scotland - CMS13820||||461,316.24||2,978,210.16|
|||||||||2,282,109.10||4,509,518.30|
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|Funds|||||||||
|---|---|---|---|---|---|---|---|---|
||At 5 April|Income and||||Gain on|||
||2019|endowments
f|Expenditure||Investments
f||Transfer
f|At 5 April 2020
f|
|Unrestricted|||||||||
|fund|27,515,311.18|564,509.81|(|1,164,521.09)|(|4,235,176.60)||22,680,123.30|
|Total funds|27,515,311.18|564,509.81|(|1,164,521.09)|(|4,235,176.60)||22,680,123.30|
||At 5 April|Income and||||Gain on|||
||2020
f|endowments
f|Expenditure
f||Investments
f||Transfer
f|At 5 April 2021
f|
|Unrestricted|||||||||
|fund|22,680,123.30|500,322.62|(|867,225.09)||7,198,304.27||29,511,525.10|
|Total funds|22,680,123.30|500,322.62|(|867,225.09)||7,198,304.27||29,511,525.10|
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|Reconciliati|on
ofnet m|ovementsin
funds to net cash flow fro|m operating
activities|m operating
activities|||
|---|---|---|---|---|---|---|
||||Year to 5 April||Year to 5 April||
|||||2021||2020|
|||||||E|
|Net movement
in funds||||6,831,401.80|(|4,835,187.88)|
|Investments|transferred||||||
|Dividends|and interest|from investments|(|497,837.60)|(|550,143.37)|
|Interest on|cash deposits||(|2,485.02)|(|14,366.44)|
|(Gains) Ilosses on investments|||(|7,198,304.27)||4,235,176.60|
|Decrease I(Increase)||in debtors||||750,000.00|
|(Decrease)|/ Increase|in creditors||210.00||126,514.40|
|||||867,435.09|(|541,035.49|
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|Analysis ofnet debt||||||
|---|---|---|---|---|---|
|||||Other non-cash||
||At 6 April 2020||Cash flows|changes|At 5April 2021|
||E||E|E|E|
|Cash and cash equivalents||||||
|Cash|4,509,518.30|(|2,227,409.20)||2,282, 109.10|
|Borrowings||||||
|Debt due within one year||||||
|Total net debt|4,509,518.30||2,227,409.20)||2,282,109.10|