| Trustees | R Hobbs | |||
|---|---|---|---|---|
| D Rossney | ||||
| L Richardson | ||||
| J Lavender | ||||
| Charity number | 1168094 | |||
| Principal address and | 73 Cornhill | |||
| registered | office | London | ||
| EC3V 3QQ | ||||
| Independent | Examiner | SColeman | ACA | |
| Gerald Edelman | LLP | |||
| 73 Cornhill | ||||
| London | ||||
| EC3V 3QQ | ||||
| Bankers | Royal Bank | ofScotland | ||
| 1 Fleet Street | ||||
| London | ||||
| EC4Y 1BD | ||||
| Solicitors | Adams & Remers |
|||
| Trinity House | ||||
| School Hill | ||||
| Lewes | ||||
| Sussex | ||||
| BN7 2NN | ||||
| Investment | advisors | LGT Vestra | LLP | |
| 14 Cornhill | ||||
| London | ||||
| EC3V3NR |
| Page | |||
|---|---|---|---|
| Trustees' report |
1-4 | ||
| Statement ofTrustees' |
responsibilities | ||
| Independent examiner's |
report | ||
| Statement offinancial |
activities | ||
| Balance sheet | |||
| Notes to the financial | statements | 9- 16 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | |||||||
| Income from: | |||||||
| Grants receivable | 7,913 | 7,814 | |||||
| Sale oftimber | 2,659 | 19,180 | |||||
| Investments | 3,536 | 5,096 | |||||
| Other income | 628 | 1,456 | |||||
| Total income | 14,736 | 33,546 | |||||
| ~E* Cht |
|||||||
| Raising funds | 2,596 | 2,592 | |||||
| Charitable activities |
29,262 | 48,476 | |||||
| Total expenditure | 31,858 | 51,068 | |||||
| Net expenditure | before | investment | returns | (17,122) | (17,522) | ||
| Net gains/(losses) | on investments | 12 | 29,925 | (13,899) | |||
| Net income/(expenditure) | for the year | 12,803 | (31,421) | ||||
| Fund Balances at | 6April | 2020 | 1,719,442 | 1,750,863 | |||
| Fund balances at | 5April 2021 | 1,732,245 | 1,719,442 |
| 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | E | E | ||||||
| Fixed assets | ||||||||
| Tangible assets | 13 | 1,436,000 | 1,436,000 | |||||
| Investments | 14 | 251,207 | 220,384 | |||||
| 1,687,207 | 1,656,384 | |||||||
| Current assets | ||||||||
| Debtors | 16 | 1,047 | 1,067 | |||||
| Cash at bank and | in | hand | 48,536 | 64,391 | ||||
| 49,583 | 65,458 | |||||||
| Creditors: amounts | falling due within | |||||||
| one year | 17 | (4,545) | (2,400) | |||||
| Net current assets | 45,038 | 63,058 | ||||||
| Total assets less | current | liabilities | 1,732,245 | 1,719,442 | ||||
| Income funds | ||||||||
| Unrestricted funds |
1,732,245 | 1,719,442 | ||||||
| 1,732,245 | 1,719,442 |
| 3 | Grants receivable | ||
|---|---|---|---|
| 2021 f |
2020f | ||
| Forestry Commission | 7,913 | 7,814 | |
| 4 | Sale oftimber | ||
| 2021 | 2020 | ||
| Sale oftimber | 2,659 | 19,180 | |
| 5 | Investments | ||
| 2021 | 2020 | ||
| Income from listed investments | 3,494 | 4,852 | |
| Interest receivable | 42 | 244 | |
| 3,536 | 5,096 | ||
| 6 | Other income | ||
| 2021 | 2020 | ||
| Other income | 628 | 1,456 |
| 7 | Raising fu | n | ds | |||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Investment | management | 2,596 | 2,592 | |||
| 8 | Charitable | activities | ||||
| 2021f | 2020f | |||||
| Insurance | 500 | 507 | ||||
| Woodland | management | 20,295 | 33,231 | |||
| Professional | fees | 4,231 | 10,035 | |||
| Trustee expenses | 144 | 523 | ||||
| 25,170 | 44,296 | |||||
| Share ofgovernance | costs (see note 9) | 4,092 | 4,180 | |||
| 29,262 | 48,476 |
| Support co | sts | |||
|---|---|---|---|---|
| 2021 | 2020 | Basis ofal | ||
| f | ||||
| Independent | Governance | |||
| examination | fees | 2,400 | 2,400 | |
| Legal and professional | 1,692 | 1,780 | Governance | |
| 4,092 | 4,180 |
| 12 | Net gains/(losses) on investments |
||
|---|---|---|---|
| 2021 | 2020 | ||
| Revaluation ofinvestments |
18,166 | (12,793) | |
| Gain on sale ofinvestments | 11,759 | (1,106) | |
| 29,925 | (13,899) | ||
| 13 | Tangible fixed assets | ||
| Land | and buildings | ||
| Cost or valuation | |||
| At 6April 2020 and 5 Apdil 2021 | 1,436,000 |
| 14 | Fixed ass | et inve | stmen | ts | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Listed | Cash in | Total | ||||||||
| investments | porffolio | |||||||||
| 6 | ||||||||||
| Cost or valuation | ||||||||||
| At 5April | 2020 | 172,897 | 47,487 | 220,384 | ||||||
| Additions | 93,684 | 93,684 | ||||||||
| Valuation | changes | 18,166 | 18,166 | |||||||
| Movement | in cash | (28,058) | (28,058) | |||||||
| Disposals | (52,969) | (52,969) | ||||||||
| At 5April | 2021 | 231,778 | 19,429 | 251,207 | ||||||
| Carrying | amount | |||||||||
| At 5April | 2021 | 231,778 | 19,429 | 251,207 | ||||||
| At 5April | 2020 | 172,897 | 47,487 | 220,384 | ||||||
| 2021f | 2020 f |
|||||||||
| The investments | at fair | value | were held as | follows: | ||||||
| In the UK | 66,617 | 66,527 | ||||||||
| Outside the UK | 165,161 | 106,370 | ||||||||
| 231,778 | 172,897 | |||||||||
| Fixed asset investments | historical cost | |||||||||
| The historical cost ofthe | investments | was | f209,468 (2020:f168,272.). | |||||||
| 15 | Financial | instruments | 2021 | 2020 | ||||||
| 8 | 8 | |||||||||
| Carrying | amount | offinancial | assets | |||||||
| Equity instruments | measured | at cost less impairment | 19,429 | 47,487 | ||||||
| Instruments measured |
at | fair | value through | profit or loss | 231,778 | 172,897 | ||||
| Carrying | amount | offinancial | liaBilities | |||||||
| Measured | at amortised | cost | 4,545 | 2,400 |
| 16 | Debtors | ||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Amounts | falling due | within one year: | 6 | ||
| Other debtors | 964 | 984 | |||
| Prepayments | 83 | 83 | |||
| 1,047 | 1,067 | ||||
| 17 | Creditors: | amounts | falling due within one year | ||
| 2021 | 2020 | ||||
| Accruals | 4,545 | 2,400 |