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2021-07-31-accounts
|
PAGE |
| REFERENCEAND ADMINISTRATIVEINFORMATION |
3 |
| REPORTOFTHETRUSTEES |
4-l |
| REPORT OFTHE INDEPENDENTAUDITOR TO THETRUSTEES |
8-9 |
| STATEMENT OFFINANCIAL ACTIVITIES |
10 |
| BALANCESHEET |
11 |
| NOTESTO THE FINANCIALSTATEMENTS |
t2-17 |
|
Notes |
2021 |
2020 |
|
|
€ |
f |
|
|
Unrestricted |
Unrestricted |
| INCOME AND ENDOWMENTS FROM: |
|
|
|
| lnvestments: |
|
|
|
| - lnvestment income |
|
179,5s3 |
L80,342 |
| -lnterestreceivable |
|
35 |
s33 |
| Otherlncome-transferfrom |
|
|
|
| MrsHLGrimwade Charitable Trust |
|
|
39 |
| Total |
|
L79,589 |
180,914 |
| EXPENDITUREON: |
|
|
|
| Raisingfunds |
|
|
|
| - lnvestment managementfees |
|
34,502 |
31,828 |
| Charitable activities |
|
288,946 |
237,344 |
| Total |
|
323,448 |
269,172 |
| NET!NCOME/(EXPENDITURE)BEFOREINVESTMENT GAINS |
|
(143,859) |
(88,2s8) |
| NET GArNS/(LOSSES)ONTNVESTMENTS |
|
698,L77 |
(361,900) |
| NETINCOME/(EXPENDITURE) |
|
554,318 |
(4s0,1s8) |
| FUND BAT.ANCEBlFArIAUGUSr 2020 |
|
5,O76,477 |
s,s26,63s |
| FUNDBATANCEC/F AT 31JULY2021 |
|
5,530,795 |
5,076,477 |
| INVEST |
MENT INCOMEANDINTEREST RECEIVABTE |
|
|
|
|
2021 |
2020 |
|
|
€ |
f |
| lncome |
fromListedlnvestments |
|
|
|
Fixedlnterest:UK |
39,650 |
41.,666 |
|
Fixedlnterest:overseas |
LO,O70 |
10,689 |
|
UKEquities |
65,201 |
64,787 |
|
OverseasEquities:Asia&North America |
L2,653 |
L5,709 |
|
OverseasEquities: Europe/Emerging Markets |
lo,49t |
6,4t7 |
|
AlternativeMarkets: Property |
13,409 |
11,742 |
|
AlternativeMarkets:lnfrastructure |
24,580 |
23,842 |
|
AlternativeMarkets: Private Equity |
3,89 |
5,490 |
|
|
179,553 |
L80,342 |
| lnterest |
Receivable |
|
|
|
COIFCharities DepositFund |
|
479 |
|
QuilterCheViotlncome Account |
|
64 |
|
QuilterCheviotEuroAccount |
|
(10) |
|
|
|
533 |
| OTHER |
INCOME |
|
|
|
|
2021 |
2020 |
|
|
f |
f |
|
MrsHLGrimwade Charitable Trust |
|
39 |
|
|
|
202L |
2020 |
|
|
|
€ |
e |
|
Grantspayableto lnstitutions(a,b) |
|
216,760 |
L66,450 |
|
Grantstolndividuals(c) |
|
lt,250 |
27,OOO |
|
Grant |
administrationcosts |
27,487 |
30,508 |
|
Governancecosts(d) |
|
L3,449 |
13,386 |
|
|
|
288,946 |
237,344 |
|
(a) |
General Charitable Donations |
50,500 |
31,200 |
|
(b) |
Bursaries&ScholarshipstoSchools/Colleges |
t86,260 |
135,250 |
|
(c) |
Directly Aided Students &SinglePayment Grants |
l,.,25o |
27,OOO |
|
|
|
248,010 |
193,450 |
| (al |
General |
|
|
|
|
There |
were 2 Donations off5,000or more(2020:3) |
|
|
|
|
Bishopsland Educational Trust(BursaryFund) |
5,000 |
|
|
|
LAMDA(BursaryFund) |
5,q)0 |
|
|
|
St Paul's School(BursaryAppeal) |
|
s,000 |
|
|
Society of Antiquaries of London(KelmscottManor) |
|
s,000 |
|
|
TISCA(ThelndependentSchoolsChristian Alliance) |
|
5,000 |
|
|
|
10,000 |
15,000 |
|
Donations under €5,000 weregivento39 charities(2020:31) |
|
40,500 |
t6,700 |
|
|
TotalGeneralDonations |
50,500 |
37,200 |
| Bursaries & ScholarshipstoSchoolsand Colleges |
Bursaries & ScholarshipstoSchoolsand Colleges |
202L |
2020 |
|
|
f |
€ |
| 1 |
St Paul's School(Bursary& Creative Arts Awards) |
24,OOO |
24,000 |
| 2 |
Byam Shaw SchoolofArt,CSM(UAL) |
7,500 |
7,500 |
| 3 |
WestDean College |
12,000 |
7,000 |
| 4 |
Textile Conservation Foundation |
10,000 |
7,500 |
| 5 |
TheRoyalAcademyofArtSchools |
12,000 |
12,000 |
| 6 |
Royal CollegeofMuslc |
5,500 |
5,500 |
| 7 |
GuildhallSchoolTrust |
10,000 |
10,000 |
| 8 |
RoyalNorthernCollegeofMusic |
5,000 |
5,000 |
| 9 |
Bishopsland Educational Trust |
15,000 |
11s00 |
| 10 |
TrinityLabanConservatoire |
10,010 |
5,000 |
| 7t |
Bristol OldVicTheatreSchool |
s,000 |
s,000 |
| 12 |
GuildfordSchoolActing, Surrey University |
5,000 |
5,000 |
| 73 |
RADA |
s,000 |
5,000 |
| L4 |
London ContemporaryDance School |
5,000 |
5,000 |
| 15 |
LAMDA |
5,000 |
5,000 |
| 16 |
CourtauldlnstituteofArt |
5,000 |
s,000 |
| 17 |
city& GuildsofLondon ArtSchool |
5,000 |
5,000 |
| 18 |
WimbledonCollegeofArt,UAL |
5,250 |
5,250 |
| 19 |
SouthHouse SilverWorkshop Trust |
5,000 |
|
| 20 |
RoyalWelshCollegeofMusic&Drama |
s,000 |
|
| 2l |
RambertSchoolofBallet |
5,(x)0 |
|
| 22 |
ContemporaryBritishSilversmiths |
20,000 |
|
|
|
186,260 |
135,250 |
| Areconciliationofthegrants payableandgrantawards showninthese acc |
ountsis asfollows: |
|
|
202L |
2020 |
| crantliabilities atlAugust 2020 |
166,9r7 |
196,550 |
| Awards madeinthe year |
248,OLO |
r93,450 |
| Grants payableforthe year |
4t4,927 |
390,000 |
| Grantspaidduring theyear |
(22O,74O1 |
(223,083) |
| Grantliabilities at31July 2021 |
t94,LA7 |
t66,9L7 |
| Liabilities at31JulyZOZLarepayableasfollows: |
|
|
| Withinone year (note9) |
194,187 |
166.9t7 |
| Aftermorethanoneyear (note9) |
|
|
|
194,187 |
166,9L7 |
| (d)GovemanceCosts |
2021 |
20zo |
| Auditand accountancyfees |
3,567 |
3,480 |
| Legal&professional fees |
|
3,396 |
| Consultancy: Website&Logo |
3,975 |
|
| Administrative fees |
s,76s |
6,510 |
| Trustees'expenses |
142 |
|
|
t3,M9 |
13,386 |
| IIIVESTMENTS |
|
|
|
202t |
2020 |
| Movements in listed investments during theyearwereasfollows: |
f |
E |
| Market value at31July2020 |
4,92t,964 |
5,372,748 |
| Additions at cost |
274,727 |
601,160 |
| Disposalsat opening market value |
1323,9771 |
(821,s03) |
| [realisedprofit:C39,522(2020:loss |
|
|
| (f131,4ss)l |
|
|
| Net unrealised gains/(losses)inthe year |
658,655 |
1230,4/.tl |
| Market value at31 July2021 |
5,531,369 |
4,92t.964 |
| Costof listed investments at31July2021 |
3,883,853 |
3,984,678 |
| All investments weredealtin onarecognised stock exchange |
|
|
| d investments held at3lJuly2o2L comprised thefollowing: |
|
|
|
202L |
2020 |
|
E |
f |
| Fixedlnterest:UK |
8L5,997 |
821,989 |
| Fixedlnterest:Overseas |
320,L60 |
378,440 |
| UKEquities |
t,574,543 |
1,338,605 |
| OverseasEquities: Asia&North America |
t,4to,s33 |
7,74t,488 |
| OverseasEquities: Europe&Emerging Markets |
4L2,663 |
332,847 |
| AlternativeMarkets: Property |
331,005 |
341,479 |
| AlternativeMarkets:lnfrastructure |
591,928 |
479,759 |
| AlternativeMarkets: Private Equity |
74,500 |
747,3Sl |
|
5,s31,369 |
4,92L,964 |
followingholdings comprisedamaterialholding when comparedto thevalue of thetota
July2021 |
llistedinvestment portfolio |
|
%ot |
|
portfolio |
| BaillieGiffordUSGrowth Trust |
6.7% |
| Sequoia Economiclnfrastructurelnc Fund LtdNPV |
s.6% |
| PimcoGlobalAdvisorslrlLtdGlobal lnvestments |
4.t% |
| GCPlnfrastructurelnvestmentsLtdord€0.01 |
3.8% |
| DEBTORS |
|
|
|
|
|
2021 |
2020 |
|
|
€ |
f |
| Accruedlnvestmentlncome |
|
2,451 |
2,472 |
| CASHAT BANKAND INHAND |
|
|
|
|
|
2021 |
2020 |
|
|
f |
e |
| CHoare &Co. |
Current Account |
27,690 |
24,06r |
| QuilterCheviot |
Capital Account |
(5101 |
98,013 |
|
lncome Account |
20,315 |
r52,986 |
|
EuroAccount |
|
864 |
| COIFCharities DepositFund |
DepositAccount |
247,485 |
46,45O |
|
|
294,880 |
322,374 |
| CREDITORS:AMOUNTSFALLINGDUEWITHINONEYEAR |
|
|
|
|
|
202L |
2020 |
|
|
f |
E |
| Grant liabilities(a, b&c) |
|
t94JA7 |
t66,9L7 |
| Grantadministration& governance |
costs |
214 |
3 |
| Auditors'remuneration |
|
3,s00 |
3,473 |
|
|
197,90s |
170,333 |
| (a)General Charitable Donations |
|
|
3,000 |
| (b)Directly Aided Students &SinglePayment Grants |
|
t,-,250 |
27,000 |
| (c)Bursaries&ScholarshipstoSchools/Colleges |
|
L82,937 |
t36,977 |
|
|
t94,ta7 |
766,9L7 |
|
|
Balanceat |
New |
Utilised |
Balanceat |
|
|
01-Aus-20 |
Desianatlons |
|
3l-Jul-21 |
|
|
E |
f |
|
f |
| DesisnatedFund |
2027 |
4,575,W |
550,ofi) |
|
5,125,000 |
|
|
Balanceat |
New |
Utilised |
Balanceat |
|
|
01-Aue-19
C |
Designations
E |
E |
31-Jul-20
f |
| DesignatedFund |
2O2O |
5,02s,000 |
(4s0,000) |
|
4.575.000 |
| Fund balancesat31July 2021 arerepresentedby: |
|
202L |
|
|
General |
Desienated |
Total |
|
Fund |
Fund |
2020 |
| Listed lnvestments |
406,369 |
5,125,000 |
5,s31,369 |
| Currentfusets |
297,33t |
|
2i97,331 |
| Creditors: amounts falling duewithin1year |
(197,90s) |
|
(197,90s1 |
| Creditors: amounts falling dueafter1year |
|
|
|
|
505,795 5,125,000 |
|
5,530,795 |
| Fund balancesat31July 2020were representedby: |
|
2020 |
|
|
General |
DesiEnated |
Total |
|
Fund |
Fund |
2019 |
| Listed lnvestments |
346,964 |
4,57s,000 |
4,92L,964 |
| CurrentAssets |
324,846 |
|
324,846 |
| Creditors: amounts falling duewithin1year |
(170,333) |
|
(170,333) |
| Creditors: amounts falling dueafter1year |
|
|
|
|
50t,477 |
4,575,OOO |
5,076,477 |