2021-04-05-accounts - The Theodore Maxxy Charitable Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

`Trustees`	`Ms P Bell`
	`MGL Trust Corporation Limited`
`Charity number`	`1188372`
`Auditor`	`Royce Peeling Green Limited`
	`The Copper Room`
	`Deva City Office Park`
	`Trinity Way`
	`Manchester M3 7BG`

	`Page`
`Trustees’ report`
`Independent auditor's report`
`Statementoffinancial activities`
`Balance sheet`
`Statement cf cash flows`
`Notes to the financial statements`	`10-14`

		`Unrestricted`
		`funds`
		`2021`
	`Notes`	`£`
`Incomefrom:`
`Settlor donated funds`	`3`	`6,046,471`
`Investment income`	`4`	`219,871`
`Total income`		`6,266,342`
`Expenditure on:`
`Charitable activities`	`5`	`14,170`
`Net gains/(losses) on investments`	`9`	`1,344,184`
`Net movementin funds`		`7,596,356`
`Fund balances at 5 February 2020`
`Fund balances at 5 April 2021`		`7,596,356`

		`2021`
	`Notes`
`Fixed assets`
`Investments`	`10`		`7,390,645`
`Current assets`
`Debtors`	`12`	`97,895`
`Cashat bank and in hand`		`118,916`
`Creditors: amounts falling due within one year`	`13`	`210,811` `(5,100)`
`Net current assets`			`205,711`
`Total assets less currentliabilities`			`7,596,356`
`Income funds`
`Unrestricted funds`			`7,596,356`
			`7,596,356`
`The-inancial statements were approved by the Trustees on 2OQALMNIOIV`
`Ms P Bell`
`Trustee`

		`2021`
	`Notes`
`Cashflowsfrom operating activities` `Cash absorbed by operations`	`15`		`(9,060)`
`Investing activities`
`Investment income received`		`127,976`
`Net cash generated from/(used in) investing activities`			`427,976`
`Net cash used in financing activities`
`Net increase in cash and cash equivalents`			`118,916`
`Cash and cash equivalents at beginning of period`			`'`
`Cash and cash equivalents at end of period`			`118,916`

		`Listed`
		`investments`
		`E`
	`Cost or valuation`
	`At 5 February 2020`
	`Additions`	`6,046,461`
	`Valuation changes`	`1,344,184`
	`At5 April 2021`	`7,390,645`
	`Carrying amount`
	`At 05 April 2021`	`7,390,645`
	`At 05 February 2020`
	`Investments are held in 8 different unit trusts managed by the investments manager.`
`11`	`Financial instruments`	`2021`
		`£`
	`Carrying amountoffinancial assets`
	`instruments measured at fair value through profit or loss`	`7,390,645`
`12`	`Debtors`
		`2021`
	`Amountsfalling due within one year:`	`£`
	`Other debtors`	`91,895`
`13`	`Creditors: amountsfalling due within one year`
		`2021`
	`Accruals and deferred income`	`5,100`
`44`	`Related party transactions`

`15`	`Cash generated from operations`	`2021`
		`£`
	`Surplus for the period`	`7,596,356`
	`Adjustments for:`
	`Investment income recognised in statement of financial activities`	`(219,871)`
	`Investments donated in specie`	`(6,046,461)`
	`Fair value gains and losses on investments`	`(1,344,184)`
	`Movementsin working capital:`
	`Increase in creditors`	`5,100`
	`Cash absorbed by operations`	`(9,060)`
`16`	`Analysis of changes in net funds/(debt)`