| Settlors |
Gilbert Prousch |
|
George Passmore |
| Dates of Constitution |
4th October 2017 |
| Trustees |
Gilbert Prousch |
|
George Passmore |
|
Richard Riley |
|
Michael Bracewell |
|
Nigel Fbx |
| Nature of CIO |
A registered charity, registered with the Charity Commissioners for England |
|
and Wales as number 1174981 |
| Registered Office |
12 Foumier Street |
|
London |
|
E16QE |
| Investment Managers |
Cazenove |
|
31 Gresham Street |
|
London |
|
EC2V7QA |
| Bankers |
Messrs. Hoare & Co. |
|
37 Fleet Street |
|
London |
|
EC4P4DQ |
| Solicitors |
Charles Russell Spccchlys |
|
5Fleet Place |
|
London |
|
EC4M7RD |
| Accountants |
Moore Kingston Smith LLP |
|
Devonshire House |
|
60 Goswell Road |
|
London, EC1M7AD |
----- Start of picture text -----
2 August 2021
----- End of picture text -----
|
|
- Unrestricted Funds - |
- Unrestricted Funds - |
Total |
- Unrestricted Funds - |
- Unrestricted Funds - |
Total |
|
|
|
Expendable |
Funds |
|
Expendable |
Funds |
|
Notes |
Income |
Endowment |
2021 |
Income |
Endowment |
2020 |
| Income and Expenditure |
|
£ |
£ |
£ |
£ |
£ |
£ |
| INCOME FROM: |
|
|
|
|
|
|
|
| Donations & legacies:- |
|
|
|
|
|
|
|
| Donations received |
2 |
200 |
|
200 |
|
|
|
| Investment income |
3 |
21428 |
|
21428 |
98,129 |
|
98,129 |
| TOTAL INCOME |
|
21328 |
|
21328 |
98,129 |
|
98,129 |
| EXPENDITURE ON: |
|
|
|
|
|
|
|
| Raising funds:- |
|
|
|
|
|
|
|
| Invcstment Management Costs |
|
|
15,953 |
15353 |
|
21,704 |
21,704 |
| Charitable activities |
4/5 |
11459 |
|
11459 |
23378 |
|
23378 |
| TOTAL EXPENDITURE |
|
11459 |
15353 |
27412 |
23378 |
21,704 |
45,082 |
| NET OPERATING INCOME/(EXPEND1TURE) |
|
10,269 |
(15353) |
(5484) |
74,751 |
(21,704) |
53,047 |
| OTHER RECOGNLSED GAINS/(LOSSES) |
|
|
|
|
|
|
|
| GainsZ(losses) on Investments |
7 |
|
608,701 |
608,701 |
|
(102374) |
(102374) |
| NET INCOMEZ(EXPENDITURE) |
|
10,269 |
592,748 |
603417 |
74,751 |
(124,578) |
(49327) |
| Gross transfer between Funds |
9 |
|
|
|
|
|
|
| NET MOVEMENT IN FUNDS |
|
10,269 |
592,748 |
603417 |
74,751 |
(124378) |
(49327) |
| RECONCILIATION OF FUNDS |
|
|
|
|
|
|
|
| Total funds brought forward |
|
**204438 ** |
**11461412 ** |
11,266450 |
129,787 |
11,186490 |
11315377 |
| BALANCES CARRIED FORWARD |
|
214307 |
**11454360 ** |
11369467 |
204438 |
11461412 |
11 |
|
Notes |
2021 |
2020 |
|
|
£ |
£ |
| FIXED ASSETS |
|
|
|
| Tangible fixed assets |
6 |
7358380 |
5,716,951 |
| Investments |
7 |
2,759356 |
4,151,155 |
|
|
10,717336 |
9368,106 |
| CURRENT ASSETS |
|
|
|
| Cash held at |
|
|
|
| C. Hoare & Co. |
|
180,460 |
256377 |
| Cazenove |
|
976303 |
1,146,467 |
| Debtors |
10 |
348 |
2361 |
|
|
1457311 |
1,405305 |
| CURRENT LIABILITIES |
|
|
|
| Creditors - amounts falling due within one year |
11 |
5380 |
7,661 |
| NET CURRENT ASSETS |
|
1J51J31 |
1397,944 |
| NET ASSETS |
|
11369367 |
11366,050 |
| FUNDS |
|
|
|
| Unrestricted Funds |
|
|
|
| Income |
|
214307 |
204,538 |
| Expendable Endowment |
|
11354360 |
11,061312 |
|
|
11369367 |
11366,050 |
|
|
|
| INVESTMENT INCOME |
2021 |
2020 |
|
£ |
£ |
| Investment income |
21438 |
97328 |
| Interest on cash deposits |
490 |
801 |
|
21328
* ■" |
98,129 |
| CHARITABLE ACTIVITIES |
2021 |
2020 |
|
£ |
£ |
| Grants made to individuals |
|
8,000 |
| Support costs (see note 5) |
11359 |
15378 |
|
11359 |
23 378 |
| SUPPORT COSTS |
2021 |
2020 |
|
£ |
£ |
| Rates & water |
239 |
457 |
| Light & heat |
2381 |
1,201 |
| Repairs & maintenance |
540 |
468 |
| Insurance |
1311 |
1363 |
| Legal & professional fees |
75 |
3,120 |
| Finance costs |
433 |
55 |
| Governance Costs |
|
|
| Moore Kingston Smith Independent Examiner's fee: |
|
|
| Current year |
|
3D34 |
| Prior year under accrual |
|
900 |
| Whitefield Co. Accountancy Fees |
3/180 |
3,480 |
| Moore Kingston Smith Accountancy Fees |
2/100 |
1,100 |
|
11 |
15,378 |
|
|
|
| TANGIBLE FIXED ASSETS |
2021 |
2020 |
|
Freehold |
Freehold |
|
Land and |
Land and |
|
Buildings |
Buildings |
| Cost/Market Value |
£ |
£ |
| At 1st May |
5,716651 |
5 393330 |
| Building improvements |
2341429 |
423,121 |
| At 30th April |
7658680 |
5,716651 |
| Movement in fixed asset investments |
|
|
|
2021 |
2020 |
| Listed investments |
£ |
£ |
| Market Value Brought Forward |
4451455 |
4,106647 |
Add :
Purchase costs |
|
4382332 |
Less:
Sale proceeds |
(2600,000) |
(4,735,550) |
| Realised gains |
158657 |
314363 |
| (Losses) onrevaluation |
450JM4 |
(417337) |
| Market Value of Investments |
2,759. |
4,151,155 |
| Historical cost |
2426,793 |
4368,136 |
| Geographical Analysis |
|
|
| United Kingdom investments |
2,759356 |
2619334 |
| Overseas investments |
|
1331321 |
|
2,759. |
4,151,155 |
| CREDITORS |
|
|
|
|
|
2021 |
2020 |
|
|
£ |
£ |
| Accruals |
|
5380 |
7,661 |
|
|
5380 |
7,661 |
| ANALYSIS OF NET ASSETS BY FUND |
|
|
|
|
Unrestricted |
Expendable |
|
|
income fund |
Endowment |
Total |
| As at 30April 2021 |
£ |
£ |
£ |
| Tangible fixed assets |
|
7,958,080 |
7,958,080 |
| Investments |
|
2,759356 |
2,759356 |
| Current assets |
220,687 |
936324 |
1,157311 |
| Current liabilities |
(5380) |
|
(5380) |
|
214307 |
11,654,260 |
11369,067 |
|
Unrestricted |
Expendable |
|
|
income fund |
Endowment |
Total |
| As at 30 April 2020 |
£ |
£ |
£ |
| Tangible fixed assets |
|
5,716,951 |
5,716,951 |
| Investments |
|
4,151,155 |
4451455 |
| Current assets |
212,199 |
1,193,406 |
1/405,605 |
| Current liabilities |
(7,661) |
|
(7461) |
|
204,538 |
11,061312 |
11,266,050 |