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|---|---|---|
|General
information|||
|Report ofthe trustees||3-5|
|Statement
ofTrustees'|responsibilities||
|Independent
auditors'|report|7-10|
|Statement offinancial|activities||
|Balance sheet||12|
|Cashfiow||13|
|Accounting
policies||14 - 15|
|Notes to the financial|statements|16 - 18|
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||||||Unrestricted|Expendable|Total|To0e
I|
|---|---|---|---|---|---|---|---|---|
||||||Income|endowment|this period|Isst year|
||||Nots||Fund|Fund|2021|2020|
||||||6|F|6|7-|
|Incoming resources|||||||||
|Voluntary
Income|||||||||
|Donations||||||2,719,980|2,719,980|1,500,000|
|Tax refund due on gift aid||||||679,995|679,995|375,000|
|Investment
income|||||55,604||55,604|43,850|
|Total incoming
resourses|||||55,604|3,399,975|3,455,579|1,918,850|
|Resources expended|||||||||
|Cost ofgenerating
funds|||||||||
|Investment
management|costs||||||||
|Charitable
aclivilies|||||||||
|Grants made||||3|2,500,000||2,500,000|280,000|
|Other|||||||||
|Audit fees|||||1,380||1,380|2,640|
|Accountancy
and advice|fees||||6,000||6,000|6,000|
|Bank charges|||||43||43|1|
|Total resources expended|||||2,507,423||2507423,|288,725|
|Net incoming/(outgoing)|resources||||(2,451,819)|3,399,975|948,156|1,630,125|
|before transfers|||||||||
|Gross transfers
between|funds||||2451,819|~2451 819|||
|Net income/(outgoing)|resources before|||||948,156|948,156|1,630,125|
|other recognised
gains|and|losses|||||||
|Other recognised
gains|and|losses|||||||
|(Losses)/gains
on investment||assets||||1,224,299|1,224,299|(574,424)|
|Net movements
in funds||||||2,172,455|2,172455|1,055,702|
|Fund balance brought
forward||||||4606940|4606940|3551,239|
|Fund balance carried forward at 5 April|||2021|||6,779395|6,779395|4606,940|
||||||11||||
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||||||Total|Total|
|---|---|---|---|---|---|---|
||||Note|this|period|last year|
||||||2021|2020|
|Fixed assets||||6||8|
|Investment
at market value||||6,211,241||3,967,712|
|Current assets|||||||
|Debtors||||||375,000|
|Cash at Handelsbanken||||573,220||268,664|
|Cash at Heartwood|||||1,954|2,524|
|Current
liablities|||||||
|Creditors: amounts|falling due within one year||||(7,020)|(6,960)|
|Net current assets||||568,154||639,228|
|Nst assets||||6779395||4,606,940|
|Funds|||||||
|Expendable
endowment||fund||6,779,395||4,606,940|
|Unrestricted
income|fund||||||
|||||6,779,395||4,606,940|
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|||||2021|2020|
|---|---|---|---|---|---|
|Net income for the year||||948,156|1,630,125|
|Ad/ustments
for||||||
|Interest and dividends||||(55,604)|(43,850)|
|Decrease/(Increase)
in debtors||||375,000|(375,000)|
|Increase
in creditors||||60|2,639|
|Cash flows from operating||activities||1,267,612|1,213,914|
|Cash flows from investing||activities||||
|Interest and dividends||||55,604|43,850|
|Proceeds from sale of investments||||700,000||
|Purchase of investments||||(1,719,230)|(1,498,973)|
|Net cash used by investing||activities||(963,626)|(1,455,123)|
|Change
in cash and cash equivalents||||303,986|(241,209)|
|Cash and cash equivalents|brought||forward|271,188|512,396|
|Cash and cash equivalents|carried forward|||575,174|271,187|
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|As at 5 April 2021|As at 5 April 2021|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||2021f|2020|
|1 Income||||||||||||
|Gift Aid donations||||||||||2,719,980|1,500,000|
|(Donations
and|related tax refunds||are all||expendable||endowment||fund income)|||
|||||||||||2 719980|1,500,000|
|2 Investment|income|||||||||||
|Handelsbanken
interest||||||||||318|915|
|LF Hb Balanced||Multi Asset||Fund|I inc dividend|||distributions||55,285|42,935|
|(tn47estment
income is all unrestricted||||funds income)||||||55,604|43,850|
|3 Grants||||||||||||
|Grief to Grace||||||||||150,000|50,000|
|Royal Opera|House|||||||||2,100,000|180,000|
|Opera RARA||||||||||250,000|50,000|
|(Grant expenditure
is||all unrestricted||Fund|expenditure)|||||||
|||||||||||2 500 000|280,000|
|4 Other||||||||||||
|Audit fees|||||||||||2,640|
|Accountancy|and|Wealth advice fees to 31|||||March 2020||||6,000|
|||(Handelsbanken||||Wealth||Mgt)||||
|Bank charges||||||||||||
|Audit fees for|2020-2021|||||||||1,380||
|Accountancy|and|Wealth advice fees to 31|||||March 2021|||6,000||
|||(Handelsbanken||||Wealth||Mgt)||||
|Bank charges||||||||||43||
|(other expenditure|is all unrestricted|||fund expenditure)||||||7423|8,641|
|5 Fixed asset investments||||||||||||
|Market value||||||||||||
|Carrying
(market)||value at beginning
ofyear||||||||3,967,712|3,043,163|
|Add Additions|at cost|||||||||1,719,230|1,498,973|
|Less disposals at carry value
Add/(deduct)
net gain/(loss)|||on revaluation|||||||700,000
1,224299|~574,424|
|Carrying
(market)||value at end ofyear||||||||6,211,241|3,967,712|
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|||||||||2021f|2020
6|
|---|---|---|---|---|---|---|---|---|---|
|5 Fixed asset investments|||continued|||||||
|Analysis of Investment||||||||||
|||||||||Mkt Value|Mkt Value|
|||||||||at year end|at year end|
|4,003,377.891 LF Hb Balanced||||Multi|Asset Fund||I Inc|6,211,241|3,967,712|
|Total||||||||6,211,241|3,967,712|
|The historic|cost ofthese||investments||was E5,670,621 (2020:4,597,267)|||||
|6 Debtors|Gift aid|refunds|outstanding||from HMRC||||375,000|
|||||||||0|375,000|
|7 Creditors:|amount|falling|due|within|one year|||||
|Audit fees|||||||||3,960|
|Accountancy|and Wealth advice|||fees|to 31 March||2020||3,000|
|||(Handelsbanken|||Wealth|Mgt)||||
|Audit fees||||||||4,020||
|Accountancy|and Wealth advice|||fees to 31 March|||2021|3,000||
|||(Handelsbanken|||Wealth|Mgt)||||
|||||||||7,020|6,960|
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|8|Analysis of|Funds|||||||
|---|---|---|---|---|---|---|---|---|
|||||At|Income|Expenditure|Gains losses|At|
|||||06-Apr-20
f|f||&transfers
f|05-Apr-21
F|
||Expepdable|endowment|funds|4,606,940|3,399,975||(1,227,520)|6,779,395|
||Unrestricted|funds|||55,604|(2,507,423)|2,451,819||
|||||4606,940|3455579|~2,507423|1,224299|6,779395|
|||||At|Income|Expenditure|Gains losses|At|
|||||06-Apr-19|F|f|&transfers
f|05-Apr-20|
||Expendable|endowment|funds|3,551,239|1,875,000|(84)|(819,215)|4,606,940|
||Unrestricted|funds|||43,850|(288,641)|244,791||
|||||3,551,239|1918850|~288,725|~574,424|4,606,940|
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