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|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|
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2 August 2021
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|||- 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|
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||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|
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||||
|---|---|---|
|**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|
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|---|---|---|
|**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|
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|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|
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|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|
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