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|---|---|
|**Reference and Administrative Details of the Company, its Trustees and Advisers**|1|
|**Trustees' Report**|2 −7|
|**Independent Examiner's** **_Report_**|8|
|**Statement of Financial Activities**|9|
|**Balance** **_Sheet_**|10−11|
|**Notes to the Financial Statements**|12 −23|





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|||**Unrestricted**|**Total**|_Total_|
|---|---|---|---|---|
|||**funds**|**funds**|_funds_|
|||**2021**|**2021**|_2020_|
||**Note**|**£**|**£**|_£_|
|**_Income_ from:**|||||
|Donations and legacies|3|**10**|**10**|5|
|Investments|4|**25,987**|**25,987**|_30,879_|
|Other income|5|**265**|**265**|_29_|
|**Total Income**||**26,262**|**26,262**|_30,913_|
|**Expenditure on:**|||||
|Raising funds|6|**6,928**|**6,928**|_7,934_|
|Charitable activities|_7_|**85,789**|**85,789**|_120,335_|
|**Total expenditure**||**92,717**|**92,717**|_128,269_|
|**Net expenditure before net gains/(losses) on**|||||
|**investments**||**(66,455)**|**(66,455)**|_(97,356)_|
|Net gains/(losses) on investments||**128,937**|**128,937**|_(95,346)_|
|||**62,482**|**62,482**|(192,702)|
|**Net movement in funds**|||||
|**Reconciliation of funds:**|||||
|Total funds brought forward||**1,344,661**|**1,344,661**|_1,537,363_|
|Net movement in funds||**62,482**|**62,482**|_(192,702)_|
|||**1,407,143**|**1,407,143**|_1,344,661_|
|**Total funds carried forward**|||||





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||**BALANCE SHEET**|**BALANCE SHEET**||||
|---|---|---|---|---|---|
||**AS AT 31 MARCH 2021**|||||
||||**2021**||_2020_|
||**Note**||**£**||**£**|
|**Fixed assets**||||||
|Intangible assets<br>Tangible assets<br>Investments|10<br>11<br>12||**630,857**<br>**729,254**||_34_<br>_24,657_<br>_647,216_|
||||**1,360,111**||_671,907_|
|**Current assets**||||||
|Debtors<br>Cash at bankand in hand|13|**3,963**<br>**48,671**||_2,786_<br>_676,144_||
|||**52,634**||_678,930_||
|Creditors: amounts falling due within one|14|**(5,603)**||_(6,176)_||
|year||||||
|**Net current assets**|||**47,031**||_672,754_|
|**Total assets less current liabilities**|||**1,407,142**||_1,344,661_|
|**Net assets excluding pension asset**|||**1,407,142**||_1,344,661_|
|**Total net assets**|||**1,407,142**||_1,344,661_|





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|||**2021**|**_2020_**|
|---|---|---|---|
||**Note**|**e**|**_£_**|
|**Charity funds**||||
|**Restricted funds**||||
|**Unrestricted funds**||**1,407,142**|**_1,344,661_**|
|**Total funds**||**1,407,142**|**_1,344,661_**|



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||**Unrestricted**|**Total**|
|---|---|---|
||**funds**|**funds**|
||**2021**|**2021**|
||**£**|**£**|
|**Donations**|**10**|**10**|
||**_Unrestricted_**|**_Total_**|
||**_funds_**|**_funds_**|
||**_2020_**|**_2020_**|
||**_£_**|**_£_**|
|**Donations**|**5**|**5**|





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|||**Unrestricted**|**Total**|
|---|---|---|---|
|||**funds**|**funds**|
|||**2021**|**2021**|
|||**£**|**£**|
||**Investment income −local investment properties**|**1,250**|**1,250**|
||**Dividends from investments**|**24,737**|**24,737**|
|||**25,987**|**25,987**|
|||**_Unrestricted_**|**_Total_**|
|||**_funds_**|**_funds_**|
|||**_2020_**|**_2020_**|
|||**_£_**|**_£_**|
||**Dividends from investments**|**_30,879_**|**_30,879_**|
|**5.**|**Other income**|||



|||**Unrestricted**|**Total**|
|---|---|---|---|
|||**funds**|**funds**|
|||**2021**|**2021**|
|||**£**|**£**|
||**Other income**|**265**|**265**|
|||**_Unrestricted_**|**_Total_**|
|||**_funds_**|**_funds_**|
|||**_2020_**|**_2020_**|
|||**_£_**|**_£_**|
||**Other income**|**_29_**|**_29_**|
|**6.**|**Investment management costs**|||
|||**Unrestricted**|**Total**|
|||**funds**|**funds**|
|||**2021**|**2021**|
|||**£**|**£**|
||**Investment management fees**|**6,928**|**6,928**|
||||**Page 15**|





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|||_Unrestricted_|_Total_|
|---|---|---|---|
|||_funds_|_funds_|
|||_2020_|_2020_|
|||_£_|_£_|
|Investment|management fees|_7,934_|_7,934_|



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||**Unrestricted**|**Total**|
|---|---|---|
||**funds**|**funds**|
||**2021**|**2021**|
||**£**|**E**|
|Wages and salaries|13,532|**13,532**|
|Management and premises expenses|27,112|**27,112**|
|Depreciation|10,354|**10,354**|
|Bank charges|143|**143**|
|Rent, rents and water|19,773|**19,773**|
|Insurance|1,530|**1,530**|
|Repairs and renewals|636|**636**|
|Travel, subscriptions and sundry expenses|1,995|**1,995**|
|Printing, postage, stationery and advertising|5,313|**5,313**|
|Legal and professional|2,050|**2,050**|
|Accountancy|2,893|**2,893**|
|Computer and telephone expenses|458|**458**|
||85,789|**85,789**|





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||_Unrestricted_|_Total_|
|---|---|---|
||_funds_|_funds_|
||_2020_|_2020_|
|Wages and salaries|_13,208_|_13,208_|
|Management and premises costs|_68,135_|_68,135_|
|Depreciation|_7,416_|_7,416_|
|Bank charges|_172_|_172_|
|Rent, rates and water|_16,041_|_16,041_|
|Insurance|_4,274_|_4,274_|
|Repairs and renewals|_395_|_395_|
|Travel, subscriptions and sundry expenses|2,069|2,069|
|Printing, postage, stationery and advertising|_3,805_|_3,805_|
|Legal and professional|_366_|_366_|
|Accountancy|_3,110_|_3,110_|
|Computer and telephone expenses|_1,344_|_1,344_|
||_120,335_|_120,335_|



## 

||**Activities**||
|---|---|---|
||**undertaken**|**Total**|
||**directly**|**funds**|
||**2021**|**2021**|
|Wages and salaries|13,532|**13,532**|
|Management and premises costs|27,112|**27,112**|
|Depreciation|10,354|**10,354**|
|Bank charges|143|**143**|
|Rent, rates and water|19,773|**19,773**|
|Insurance|1,530|**1,530**|
|Repairs and renewals|636|**636**|
|Travel, subscriptions and sundry expenses|1,995|**1,995**|
|Printing, postage, stationery and advertising|5,313|**5,313**|
|Legal and professional|2,050|**2,050**|
|Accountancy|2,893|**2,893**|
|Computer and telephone expenses|458|**458**|
||85,789|**85,789**|
|||Page 17|





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||_Activities_||
|---|---|---|
||_undertaken_|_Total_|
||_directly_|_funds_|
||_2020_|_2020_|
|Wages and salaries|_13,208_|_13,208_|
|Management and premises costs|68,135|68,135|
|Depreciation|_7,416_|_7,416_|
|Bank charges|_172_|_172_|
|Rent, rates and water|_16,041_|_16,041_|
|Insurance|_4,274_|_4,274_|
|Repairs and renewals|_395_|_395_|
|Travel, subscriptions and sundry expenses|_2,069_|_2,069_|
|Printing, postage, stationery and advertising|_3,805_|_3,805_|
|Legal and professional|_366_|_366_|
|Accountancy|3,110|3,110|
|Computer and telephone expenses|_1,344_|_1,344_|
||_120,335_|_120,335_|



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||**Software**|
|---|---|
||**£**|
|**Cost**||
|**At 1 April 2020**|**408**|
|**At 31 March 2021**|**408**|
|**Amortisation**||
|**At 1 April 2020**|**374**|
|**Charge for the year**|**34**|
|**At 31 March 2021**|**408**|
|**Net book value**||
|**At 31 March 2021**||
|**_At 31 March 2020_**|**_34_**|





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||**Freehold**|**Fixtures and**|**Computer**|||
|---|---|---|---|---|---|
||**property**|**fittings**|**equipment**|**Artwork**|**Total**|
||**£**|**£**|**E**|**£**|**£**|
|**Cost or valuation**||||||
|**At 1 April 2020**|**−**|**20,252**|**9,842**|**11,682**|**41,776**|
|**Additions**|**612,420**|**4,100**|**−**|**−**|**616,520**|
|**At 31 March 2021**|**612,420**|**24,352**|**9,842**|**11,682**|**658,296**|
|**Depreciation**||||||
|**At 1 April 2020**|**−**|**10,391**|**6,728**||**17,119**|
|**Charge for the year**|**−**|**4,870**|**3,114**|**2,336**|**10,320**|
|**At 31** **_March_ 2021**||**15,261**|**9,842**|**2,336**|**27,439**|
|**Net** **_book value_**||||||
|**At 31 March 2021**|**612,420**|**9,091**||**9,346**|**630,857**|
|**_At 31 March 2020_**||**_9,861_**|**_3,114_**|**_11,682_**|**_24,657_**|





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|||**Unlisted**|
|---|---|---|
|||**investments**|
|||**£**|
|**Cost or valuation**|||
|**At 1 April 2020**||**647,216**|
|**Additions**||**149,743**|
|**Disposals**||**(196,642)**|
|**At 31 March 2021**||**600,317**|
|**Gains/losses in market value**|||
|**Charge for the year**||**(128,937)**|
|**At 31 March 2021**||**(128,937)**|
|**Net book value**|||
|**At 31 March 2021**||**729,254**|
|**_At 31 March 2020_**||**_647,216_**|
|**Debtors**|||
||**2021**|**_2020_**|
||**£**|**£**|
|**Less than one year**|||
|**Trade debtors**||**73**|
|**Other debtors**|**1,250**||
|**Prepayments and accrued income**|**2,713**|**_2,713_**|
||**3,963**|**2786**|
||**3,963**|**_2,786_**|



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||**2021**|_2020_|
|---|---|---|
||**£**|_£_|
|Trade creditors|**2,823**|_3,396_|
|Other taxation and social security|**230**|_230_|
|Accruals and deferred income|**2,550**|_2,550_|
||**5,603**|_6,176_|



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|**Summa**|**ry of funds − **|**current year**|||||
|---|---|---|---|---|---|---|
|||||||**Balance at**|
|||**Balance at 1**|||**Gains/**|**31 March**|
|||**April 2020**|**Income**|**Expenditure**|**(Losses)**|**2021**|
|||**£**|**£**|**£**|**£**|**£**|
|General|funds|**1,344,661**|**26,262**|**(92,718)**|**128,937**|**1,407,142**|



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||**Unrestricted**|**Total**|
|---|---|---|
||**funds**|**funds**|
||**2021**|**2021**|
||**£**|**£**|
|Tangible fixed assets|630,857|**630,857**|
|Fixed asset investments|729,254|**729,254**|
|Debtors due after more than one year|3,963|**3,963**|
|Current assets|48,671|**48,671**|
|Creditors due within one year|(5,603)|**(5,603)**|
|**Total**|1,407,142|**1,407,142**|



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|**Analysis of net assets between funds −prior year**|||
|---|---|---|
||**_Unrestricted_**|**_Total_**|
||**_funds_**|**_funds_**|
||**_2020_**|**_2020_**|
||**_£_**|**_£_**|
|**Tangible fixed assets**|**_24,657_**|**_24,657_**|
|**Intangible fixed assets**|**_34_**|**_34_**|
|**Fixed asset investments**|**_647,216_**|**_647,216_**|
|**Debtors due after more than one year**|**_2,786_**|**_2,786_**|
|**Current assets**|**_676,144_**|**_676,144_**|
|**Creditors due within one year**|**_(6,176)_**|**_(6,176)_**|
|**Tl**|**_1,344,661_**|**_1,344,661_**|