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|||Page|
|---|---|---|
|Report ofthe Trustees|||
|Independent
examiners|report||
|Statement ofFinancial|Activities||
|Balance Sheet|||
|Notes to the Financial|Statements|8-13|
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|||||||Page||General|Expendable|Total|Total|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Fund|Endowment|2021|2020|
||||||||||Fund|||
|||||||||6|E|6|8|
|Income and endowments|||from:|||||||||
|Donations
(note 2)
Investments
(note 3)||||||10
10|||||2,402,018
115|
|Total income|||||||||||2,402,133|
|Expenditure
on:||||||||||||
|Charitable
activities (note 4)||||||10||284,820||284,820|147,419|
|Total expenditure||||||||284,820||284,820|147,419|
|Net
(expenditure)/income||||before||||||||
|net gains on investment||assets||||||(284,820)||(284,820)|2,254,714|
|Net
gains/(losses)|on|investments||||||||||
|(note 5)|||||||||2,139,023|2,139,023|(261,194)|
|Net transfer between|funds|||||||200,000|(200,000)|||
|Net movement
in funds||||||||(84,820)|1,939,023|1,854,203|1,993,520|
|Reconciliation
of funds:||||||||||||
|Total funds
brought
2020|forward||at|1 April||||544,436|8,851,440|9,395,876|7,402,356|
|Total
funds
carried|forward|||at|31|||||||
|March 2021||||||7|6|459,616|610,790,463|f11,250,079|69,395,876|
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|||||Page|Total|Total|
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||E|E|
|Fixed Assets|||||||
|Investments
and cash|held|at market value (note 5)||11|11,207,763|9,328,741|
|Current Assets|||||||
|Cash at bank (note 6)|||||69,570|84,235|
||||||69,570|84,235|
|Creditors —amounts|falling|due within one year (note 7)||11|(22,400)|(17,100)|
|Net Current Assets|||||47,170|67,135|
|Total Assets less Current||Liabilities|||11,254,933|9,395,876|
|Creditors
—amounts|falling
due after more than||one year||||
|(note 8)||||12|(4,854)||
|Total Net Assets|||||E11,250,079|E9,395,876|
|The funds for the charity:|||||||
|Endowment
fund||||6|10,790,463|8,851,440|
|General fund||||6|459,616|544,436|
||||||F11,250,079|F9,395,876|
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||||Page|Total|Total|
|---|---|---|---|---|---|
|||||2021|2020|
|2.|INCOME|FROM DONATIONS||E|R|
||Cash donations||||L'2,402,018|
|3.|INCOME|FROM INVESTMENTS||||
||Rothschild|money market interest|||115|
|CHARITABLE ACTI|VITIES|VITIES|VITIES|VITIES|VITIES||||||
|---|---|---|---|---|---|---|---|---|---|---|
|The following
grants|were awarded to charitable|||||institutions|during the year ended 31 March|||2021:|
|Grants awarded
to charities registered|||throughout|||England|&Wales|279,950||137,616|
|Grants awarded
to charities registered|||in|Scotland||||||5,500|
|Total grants payable||||||||279,950|F|143,116|
|The awards
granted|above are|attributable||to|the|following|areas offocus to the charity:||||
|Music and Arts||||||||251,000||117,026|
|Children
and young people||||||||21,750||20,590|
|Other||||||||7,200||3,500|
|Affordable
accommodation||||||||||2,000|
|||||||||279,950||143,116|
|Less:
Net
finance|expense|arising||on|unwinding||||||
|discounts
on long term grant commitments||||||||(146)||189|
|||||||||279,804|F|143,305|
|Governance costs|||||||||||
|Accountancy
fee||||||||4,800||3,400|
|Sundry expenses||||||||126||537|
|Bank charges||||||||90||177|
|||||||||5,016||4,114|
|Total charitable activities||||||||284,820|R|147,419|
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||||||Page|Total||Total|
|---|---|---|---|---|---|---|---|---|
|||||||2021||2020|
|5.|FIXEDASSET INVESTMENTS|||||6||E|
||Quoted investments||||||||
||Market value
1 April 2020|||||9,191,409||6,369,080|
||Additions
at book cost|||||10,701,514|27,994,640||
||Sale proceeds|||||(11,484,190)|(24,911,117)||
||Net realised
gain for the|year||||611||19,396|
||Net unrealised
gain / (loss) for the|||year||2,138,412||(280,590)|
|||||||10,547,756||9,191,409|
||Cash held as part ofthe|investment||porffolio||660,007||137,332|
||Market value 31 March|2021|||7|f11,207,763|E|9,328,741|
||Historical cost 31 March||2021|||87,947,277|F|8,728,512|
||Net gain
/ (loss) on investment
assets||||||||
||Net realised
gain|||||611||19,396|
||Net unrealised
gain / (loss)|||||2,138,412||(280,590)|
||||||6|62,139,023|F|(261,194)|
|6.|CASH AT BANK||||||||
||C Hoare &Co.account||||7|6
69,570|6|84235|
|7.|CREDITORS —amounts||falling due within one year||||||
||Donation
commitments|(note 9)||||14,000||13,500|
||Accountancy
fee|||||8,400||3,600|
||||||7|6
22,400|6|17,100|
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|||||||General Funds|Expendable|Total|
|---|---|---|---|---|---|---|---|---|
||||||||Endowment|2020|
||||||||Funds||
||||||||6||
|Income and|endowments||from:||||||
|Donations||||||2,018|2,400,000|2,402,018|
|Investments||||||115||115|
|Total income||||||2,133|2,400,000|2,402,133|
|Expenditure|on:||||||||
|Charitable
activities||||||147,419||147,419|
|Total expenditure||||||147,419||147,419|
|Net
income
before|||net|gains|on||||
|investment|assets|||||(145,286)|2,400,000|2,254,714|
|Net (losses)|Igains|on investments|||||(261,194)|(261,194)|
|Net movement
in funds||||||(145,286)|2,138,806|1,993,520|
|Reconciliation
of||funds:|||||||
|Total funds|brought|forward|at 1 April 2019|||689,722|6,712,634|7,402,356|
|Total funds|carried|forward|at 31 March||2020|544,436|68,851,440|E9,395,876|