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|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|3|
|Report ofthe Independent
Auditors|4|to|6|
|Statement ofFinancial Activities||||
|Balance Sheet||||
|Cash Flow Statement||||
|Notes to the Cash Flow Statement||||
|Notes to the Financial Statements|11|to|14|
|Detailed Statement ofFinancial Activities||15||
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|No Trustee appointments|have|been made in the current year and none are|been made in the current year and none are|been made in the current year and none are|been made in the current year and none are|been made in the current year and none are|expected in the|coming year.||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Management||||||||||||||
|The Trust is controlled by the||Trustees.||||||||||||
|REFERENCE AND ADMINISTRATIVE||||DETAILS||||||||||
|Registered Charity number||||||||||||||
|1163819||||||||||||||
|Principal address||||||||||||||
|7Lingfield Avenue||||||||||||||
|Kingston-upon-Thames||||||||||||||
|Surrey||||||||||||||
|KT12TL||||||||||||||
|Trustees||||||||||||||
|Mr JCooper||||||||||||||
|Mrs ECooper||||||||||||||
|Miss JCooper||||||||||||||
|Auditors||||||||||||||
|Collards||||||||||||||
|Chartered
Accountants||||||||||||||
|Registered Auditors||||||||||||||
|5-9Eden Street||||||||||||||
|Kingston-upon-Thames||||||||||||||
|Surrey||||||||||||||
|KT1 IBQ||||||||||||||
|Investment
Advisers||||||||||||||
|Barclays Wealth Management||||||||||||||
|1 Churchill
Place||||||||||||||
|Canary Wharf||||||||||||||
|London||||||||||||||
|E14 5HP||||||||||||||
|STATEMENT OFTRUSTEES' RESPONSIBILITIES||||||||||||||
|The trustees
are responsible||for preparing||the Report of the Trustees|||and the financial|statements|in accordance|with|applicable|law|and|
|United Kingdom
Accounting||Standards|(United Kingdom||Generally|Accepted Accounting||Practice).||||||
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|||F|ORTHE YEARENDED 30JUNE|2021||
|---|---|---|---|---|---|
|||||2021|2020|
|||||Unrestricted|Total|
|||||fund|funds|
||||Notes|||
|INCOME AND ENDOWMENTS FROM||||||
|Investment
income||||381,560|427,754|
|EXPENDITURE|ON|||||
|Raising funds||||43,612|39,903|
|Charitable
activities||||||
|Grants issued||||90,000|70,000|
|Other||||2,520|3,240|
|Total||||136,132|113,143|
|Net gains/(losses)|on investments|||1,998,447|(991,839)|
|NET INCOME/(EXPENDITURE)||||2,243,875|(677,228)|
|RECONCILIATION||OFFUNDS||||
|Total funds brought||forward||13,312,505|13,989,733|
|TOTAL FUNDS|CARRIED FORWARD|||15,556,380|13,312,505|
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|||2021|2020|
|---|---|---|---|
|||Unrestricted|Total|
|||fund|funds|
||Notes|||
|FIXEDASSETS||||
|Investments||15,570,112|13,231,998|
|CURRENT ASSETS||||
|Cash at bank||430|92,950|
|CREDITORS||||
|Amounts
falling due within one year||(14,162)|(12,443)|
|NET CURRENT ASSETS||(13,732)|80,507|
|TOTAL ASSETSLESSCURRENT LIABILITIES||15,556,380|13,312,505|
|NET ASSETS||15,556,380|13,312,505|
|FUNDS|10|||
|Unrestricted
funds||15,556,380|13,312,505|
|TOTAL FUNDS||15,556,380|13,312,505|
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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
||||||Notes|||
|Cash flows from operating|activities|||||||
|Cash generated
from operations||||||(134,413)|(116,116)|
|Net cash used in operating|activities|||||(134,413)|(116,116)|
|Cash flows from investing|activities|||||||
|Purchase offixed asset investments||||||(381,560)|(427,754)|
|Sale offixed asset investments||||||48,447|38,471|
|Dealing account movement||||||(6,554)|1,885|
|Dividends
received||||||381,560|427,754|
|Net cash provided
by investing||activities||||41,893|40,356|
|Change in cash and cash equivalents|||in the|||||
|reporting
period||||||(92,520)|(75,760)|
|Cash and cash equivalents|at|the beginning||ofthe||||
|reporting
period||||||92,950|168,710|
|Cash and cash equivalents|at|the end|ofthe|||||
|reporting
period||||||430|92,950|
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|RECONCILIATION|OF|NET INCOME/(EXPENDITURE)|NET INCOME/(EXPENDITURE)|TO NET CASH FLOW FROM|OPERATING|ACTIVITIES|
|---|---|---|---|---|---|---|
||||||2021|2020|
|Net income/(expenditure)||for the reporting|period (as per the|Statement of|||
|Financial Activities)|||||2,243,875|(677,228)|
|Adjustments
for:|||||||
|(Gain)/losses
on investments|||||(1,998,447)|991,839|
|Dividends
received|||||(381,560)|(427,754)|
|Increase/(decrease)
in|creditors||||1,719|(2,973)|
|Net cash used in operations|||||(134,413)|(116,116)|
|ANALYSIS OF CHANGES IN NET FUNDS|||||||
|||||At 1.7.20|Cash flow|At 30.6.21|
|Net cash|||||||
|Cash at bank||||92,950|(92,520)|430|
|||||92,950|(92,520)|430|
|Total||||92,950|(92,520)|430|
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||||2021|2020|
|---|---|---|---|---|
|Investment|portfolio income||381,560|427,754|
|RAISING|FUNDS||||
|Investment|management|costs|||
||||2021|2020|
|Portfolio management|||43,612|39,903|
|CHARITABLE ACTIVITIES COSTS|||||
|||||Grant|
|||||funding of|
|||||activities|
|||||(see note|
|||||5)|
|Grants issued||||90,000|
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|Beneficiary|Amount
f,|
|---|---|
|Kingston Race and Equalities Council|10,000|
|Refugee Action Kingston|10,000|
|Kingston Churches Action on Homelessness|10,000|
|A Rocha UK|10,000|
|Runnymede
Trust|10,000|
|Edinburgh
Food Project|10,000|
|LGBTHealth and Wellbeing|10,000|
|Bipolar UK|10,000|
|Fair Tax Foundation|10,000|
|Total|90,000|
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|FIXEDASSET INVESTMENTS||||
|---|---|---|---|
|||Cash and||
||Listed|settlements||
||investments|pending|Totals|
|MARKET VALUE||||
|At I July 2020|13,192,876|39,122|13,231,998|
|Additions|381,560|48,447|430,007|
|Disposals|(46,126)|(41,893)|(88,019)|
|Revaluations|1,996,126||1,996,126|
|At 30June 2021|15,524,436|45,676|15,570,112|
|NET BOOK VALUE||||
|At 30June 2021|15,524,436|45,676|15,570,112|
|At 30June 2020|13,192,876|39,122|13,231,998|
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||||||||Cash and||
|---|---|---|---|---|---|---|---|---|
|||||||Listed|settlements||
|||||||investments|pending|Totals|
|Valuation|in 2017|||||(48,581)||(48,581)|
|Valuation|in 2018|||||396,237||396,237|
|Valuation|in 2019|||||395,287||395,287|
|Valuation|in 2020|||||(993,002)||(993,002)|
|Valuation|in 2021|||||1,996,126||1,996,126|
|Cost||||||13,778,369|45,676|13,824,045|
|||||||15,524,436|45,676|15,570,112|
|CREDITORS: AMOUNTS|||FALLING DUE WITHIN ONE||YEAR||||
||||||||2021|2020|
|Other creditors|||||||14,162|12,443|
|MOVEMENT IN FUNDS|||||||||
||||||||Net||
||||||||movement|At|
|||||||At 1.7.20|in funds|30.6.21|
|Unrestricted||funds|||||||
|General fund||||||13,312,505|2,243,875|15,556,380|
|TOTAL|FUNDS|||||13,312,505|2,243,875|15,556,380|
|Net movement||in funds, included||in the above are as follows:|||||
|||||Incoming||Resources|Gains and|Movement|
|||||resources||expended|losses|in funds|
|Unrestricted||funds|||||||
|General fund|||||381,560|(136,132)|1,998,447|2,243,875|
|TOTAL|FUNDS||||381,560|(136,132)|1,998,447|2,243,875|
|Comparatives||for movement|in|funds|||||
||||||||Net||
||||||||movement|At|
|||||||At 1.7.19|in funds|30.6.20|
|Unrestricted||funds|||||||
|General fund||||||13,989,733|(677,228)|13,312,505|
|TOTAL|FUNDS|||||13,989,733|(677,228)|13,312,505|
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|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources|expended|losses|in funds|
|Unrestricted|funds|||||
|General fund||427,754|(113,143)|(991,839)|(677,228)|
|TOTAL FUNDS||427,754|(113,143)|(991,839)|(677,228)|
||||Net||
|---|---|---|---|---|
||||movement|At|
|||At 1.7.19|in funds|30.6.21|
|Unrestricted|funds||||
|General fund||13,989,733|1,566,647|15,556,380|
|TOTAL FUNDS||13,989,733|1,566,647|15,556,380|
|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources|expended|losses|in funds|
|Unrestricted|funds|||||
|General fund||809,314|(249,275)|1,006,608|1,566,647|
|TOTAL FUNDS||809,314|(249,275)|1,006,608|1,566,647|
##
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||DETAILED STATEMENT OF FINANCIAL ACTIVITIES|||
|---|---|---|---|
||FOR THE YEAR ENDED 30JUNE 2021|||
|||2021|2020|
|INCOME AND ENDOWMENTS||||
|Investment
income||||
|Investment
portfolio income||381,560|427,754|
|Total incoming
resources||381,560|427,754|
|EXPENDITURE||||
|Investment
management|costs|||
|Portfolio management||43,612|39,903|
|Charitable
activities||||
|Grants to institutions||90,000|70,000|
|Support costs||||
|Other||||
|Accountancy
and tax|||720|
|Governance
costs||||
|Auditors'
remuneration||2,520|2,520|
|Total resources expended||136,132|113,143|
|Net income before gains and losses||245,428|314,611|
|Realised recognised
gains and losses||||
|Realised gains/(losses)
on|fixed asset investments|1,998,447|(991,839)|
|Net income/(expenditure)||2,243,875|(677,228)|