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|Administrative|details|||
|Report ofthe|trustees|||
|Independent|Auditor's|report||
|Statement of|financial|activities 2020||
|Statement of|financial|activities 2019||
|Balance sheet|||10|
|Notes tothe|financial|statements||
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|CHARITY REGISTERED No.|CHARITY REGISTERED No.|1175442|||||
|---|---|---|---|---|---|---|
|TRUSTEES:||R.M. Plummer
(Chairman)|||||
|||F.J.Plummer|||||
|||G.H. Carter|||||
|||S.E. Floyd|||||
|AUDITOR:||Dafferns
LLP|||||
|||One Eastwood|||||
|||Harry Weston Road|||||
|||Binley Business|Park||||
|||Coventry|||||
|||CV3 2UB|||||
|BANKERS:||NatWest Bank|||||
|||Royal Leamington
Spa|||||
|||Royal Priors|||||
|||59The Parade|||||
|||Leamington
Spa|||||
|||CV32 4ZX|||||
|INVESTMENT MANAGERS:||a) Close Brothers Asset Management
8'"floor|||||
|||10, Exchange Square|||||
|||Primrose Street,|London||EC2A 2BY||
|||b) Baillie Gifford|and Co Ltd||||
|||Carlton Square|||||
|||1,Greenside
Row, Edinburgh||||EH1 3AN|
|||c) Psigma Investment||Management|||
|||11,Strand,
London WC2N 5HR|||||
|INVESTMENT ADVISOR:||Punter Southall|Financial||Management||
|||11Strand,
London WC2N 5HR|||||
|SOLICITORS:||Wright Hassall|||||
|||Olympus
Avenue|||||
|||Tachbrook
Park|||||
|||Warwick|||||
|||CV34 6BF|||||
|CORRESPONDENCE|ADDRESS:|Wright Hassall|||||
|||Olympus
Avenue|||||
|||Tachbrook
Park|||||
|||Warwick|||||
|||CV34 6BF|||||
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||||Expendable|||
|---|---|---|---|---|---|
|||General|endowment|2020|2019|
|||fund|fund|Total|Total|
||Notes||F|F|F|
|INCOME AND ENDOWMENTS:||||||
|Settlements
by Mr 8 Mrs Plummer|||417,612|417,612|405,402|
|Investment
income|2|54,290||54,290|35,339|
|TOTAL INCOME AND ENDOWMENTS||54,290|417,612|471,902|440,741|
|EXPENDITURE ON:||||||
|Raising funds
Investment
management
fees||11,878||11,878|5,457|
|Charitable
Activities||||||
|Grant expenditure
Grant related support costs|3
4|305,500
11,717||305,500
11,717|73,200
18,728|
|TOTAL EXPENDITURE||329,095||329,095|97,385|
|NET (EXPENDITURE)/INCOME||||||
|BEFOREOTHER RECOGNISED||||||
|GAINS &LOSSES||(274,805)|417,612|142,807|343,356|
|NET (LOSSES)/GAINS
ON INVESTMENTS 5|||1,076,761|1,076,761|157,783|
|TRANSFERS BETWEEN FUNDS||400,000|(400,000)|||
|NET MOVEMENT
IN FUNDS||125,195|1,094,373|1,219,568|501,139|
|RECONCILIATION
OF FUNDS||||||
|Fund balances
brought
fowvard||(67,973)|4,521,791|4,453,818|3,952,679|
|Fund balances carried forward||57,222|5,616,164|5,673,386|4,453,818|
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|||||Expendable||
|---|---|---|---|---|---|
||||General|endowment|2019|
||||fund|fund|Total|
|||Notes|E|F||
|INCOME AND ENDOWMENTS:||||||
|Settlements
by Mr 8 Mrs|Plummer|||405,402|405,402|
|Investment
income||2|35,339||35,339|
|TOTAL INCOME AND ENDOWMENTS|||35,339|405,402|440,741|
|EXPENDITURE ON:||||||
|Raising funds||||||
|Investment
management
fees|||5,457||5,457|
|Charitable
Activities||||||
|Grant expenditure||3|73,200||73,200|
|Grant related support|costs|4|18,728||18,728|
|TOTAL EXPENDITURE|||97,385||97,385|
|NET (EXPENDITURE)/INCOME||||||
|BEFORE OTHER RECOGNISED||||||
|GAINS 8 LOSSES|||(62,046)|405,402|343,356|
|NET (LOSSES)/GAINS|ON INVESTMENTS|||157,783|157,783|
|NET MOVEMENT
IN FUNDS|||(62,046)|563,185|501,139|
|RECONCILIATION
OF|FUNDS|||||
|Fund balances
brought
forward|||(5,927)|3,958,606|3,952,679|
|Fund balances carried forward|||(67,973)|4,521,791|4,453,818|
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|||||2020||2019|
|---|---|---|---|---|---|---|
|||Notes|||||
|INVESTMENT ASSETS|||||||
|Investment||||5,071,460||3,336,767|
|CURRENT ASSETS|||||||
|Debtors and prepayments|||222||697||
|Bank balances|||606,359||1,132,162||
||||606,581||1,132,859||
|LIABILITIES:Amounts|falling due||||||
|within one year:|||(4,655)||(15,808)||
|NET CURRENT ASSETS||||601,926||1,117,051|
|NET ASSETS||||5,673,386||4,453,818|
|FUNDS OF THE CHARITY:|||||||
|Expendable
endowment|fund|||5,616,164||4,521,791|
|General fund||||57,222||(67,973)|
|TOTAL CHARITY FUNDS||||5,673,386||4,453,818|
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||GRANTS|||||
|---|---|---|---|---|---|
||The following
grants were awarded
during|the|year:-|||
||Norwich-Dedza
Partnership
Towards construction
ofa girls' dormitory|at Umbwi Secondary School|||5,000|
||Chipping
Campden
School
Towards match funding
raised for a performing||arts centre||200,000|
||The Kensington
and Chelsea Foundation
Towards supporting
front line charities working||in the community||85,500|
||The Kensington
and Chelsea Foundation
Towards the Christmas
Appeal||||15,000|
||||||305,500|
|4.|ALLOCATION OF SUPPORT COSTS|||||
|||||2020|2019|
||||||F|
||Grant Making
Legal and professional
fees
Accountancy
Audit fee —governance
cost
Room hire|||4,887
4,600
1,750
480|13,813
3,120
1,545
250|
|||||11,717|18,728|
|No Trustee or person with family or business
connections
with the
expenses
during the year (2019:ENil).|Trustees received any remuneration
or|
|---|---|
|INVESTMENT|2020|
|Quoted investments|E|
|Market value at 31 December 2019|3,336,767|
|Additions|878,228|
|Disposals
Dividend
reinvested|(227,321)
52,048|
|Management
fees
Investment
gains
Investment
value adjustments|(11,728)
1,076,761
(33,295)|
|Market value at 31 December 2020|5,071,460|
|Quoted investments
comprise:
Cash and cash equivalents
Listed investments|E
82,268
4,989,192|
||5,071,460|
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|2020|2019|
|---|---|
|E|F|
|4,655|15,808|
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|ANAL|YSIS OF NET ASSETS BETWEEN|THE FUNDS|||
|---|---|---|---|---|
||||Expendable||
|||General|endowment||
|||fund|fund|Total|
|||E|E|E|
|Fixed|asset investments||5,071,460|5,071,460|
|Other|net assets|57,222|544,704|601,926|
|||57,222|5,616,164|5,673,386|
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