|Reference and administration
details|| |---|---| |Trustees'
annual
report|2-3| |Trustees'
responsibilities
statement|| |Independent
Auditor's
report|5-6| |Statement offinancial activities|| |Balance sheet|| |Notes to the financial statements|9-14| |||||||I|||| |---|---|---|---|---|---|---|---|---|---| ||||VISCOUNT|AMORY'S CHARITABLE|||||TRUST| ||||REFERENCE|AND ADMINISTRATION|||||DETAILS| |Charity name|||Viscount Amory's||Charitable||Trust||| |Registered|charity|number|204958||||||| |Charity's|principal|address|The Island||||||| ||||Lowman Green||||||| ||||Tiverton||||||| ||||Devon||||||| ||||EX164LA||||||| |Trustees|||Sir lan Heathcoat Amoty,|||Bt|DL||| ||||Mrs Catherine|Elizabeth||Cavender|||| |Auditors|||Aspen Waite Limited||||||| ||||Rubis House||||||| ||||15Friarn Street||||||| ||||Bridgwater||||||| ||||Somerset TA6|3LH|||||| |Bankers|||Lloyds Bank pic||||||| ||||46Fore Street||||||| ||||Tiverton||||||| ||||Devon EX166LF||||||| |Investment|brokers||Kleinwort
Hambros||||||| ||||8 StJames's Square||||||| ||||London||||||| ||||SW1Y4JU||||||| |Administration|||Lowman
Manufacturing|||Company||Ltd|| ||||The Island||||||| ||||Lowman
Green||||||| ||||Tiverton||||||| ||||Devon EX164LA||||||| |Solicitors|||Ashfords||||||| ||||Ashford House||||||| ||||Grenadier Road||||||| ||||Exeter||||||| ||||Devon||||||| ||||EXI 3LH||||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||Unrestricted|Endowment|Total|Total| |---|---|---|---|---|---|---|---|---|---| ||||||Note|Funds|Funds|2021|2020| |Incoming Resources|||||||||| |Income and endowments||from:|||||||| |Donations
and legacies|||||||||| |Investments||||||381,437||381,437|474,216| |Total income and endowments||||||381,437||381,437|474,216| |Expenditure
on:|||||||||| |Raising funds|||||||||| |Investment
management|costs|||||87,110||87,110|99,967| |Charitable
activities||||||365,934||365,934|426,918| |Total expenditure||||||453,044||453,044|526,885| |Net income/(expenditure)||before gains/(losses)||on||(71,607)||(71,607)|(52,669)| |investments|||||||||| |Net gains/(losses)
on investments|||||||||| |Realised gains/(losses)
on|investments|||||406,517||406,517|(236,176)| |Unrealised
gains/(losses)|in investments|||||1,330,927||1,330,927|(1,750,343)| |||||||1,737,444||1,737,444|(1,986,519)| |Net income/(expenditure)||after gains/(losses)|on|||1,665,837||1,665,837|(2,039,188)| |investments|||||||||| |Transfers between funds|||||||||| |Net Movement
in Funds||||||1,665,837||1,665,837|(2,039,188)| |Balances brought forward||at6April 2020||||12,064,636|312,500|12,377,136|14,416,324| |Balances carried forward||at 5April 2021||||13,730,473|312,500|14,042,973|12,377,136| |||||8|8|8||| |---|---|---|---|---|---|---|---|---| |||||VISCOUNT AMORY'S CHARITABLE TRUST||||| |||||YEAR ENDED 5APRIL||2021||| |||||BALANCE|SHEET|||| |||||||2021|2020|| |||||Note||||| |Fixed Assets||||||||| |Investments||||||14„013,109||12,339,551| |Current Assets||||||||| |Debtors|||||13,824||30,624|| |Cash at bank||and in|hand||78,569||57,142|| ||||||92,393||87,766|| |Creditors:|amounts||falling due within one|year|53,529||45,181|| |Net Current||Assets||||38,864||42,585| |Total assets||less current liabilities||||14,051,973||12,382,136| |Creditors:|amounts||falling due after more|||||| ||than one||year|10||9,000||5,000| |Net assets||||||14,042,973||12,377,136| |Funds||||||||| |Endowment|Funds|||||312,500||312,500| |Unrestricted||Funds||||||| |Designated|income funds|||12||29,864||37,585| |Investment|funds|||||13,700,609||12,027,051| |||||||14„042,973||12,377,136| ## ## ## |ovid-19|| |---|---| |Following the global impact of'Covid-19' at the time ofapproving
the hnancial
statements
the trustees had areasonable
expectation|that| |the charity has adequate resources to continue
in operational
existence for the foreseeable future. Thus the trustees continue to adopt|the| |going concern basis ofaccounting
in preparing
the financial statements.|| |unds|| |Endowment
funds represent
those assets which must be held permanently
by the charity, principally
certain investments.
Income arising|| |on the endowed
assets can be used in accordance with the objects ofthe charity and is included
as unrestricted
income.
Any capital|| |gains or losses arising on the investments
are also included
in unrestricted
income.
Investment
management
charges and legal advice|| |relating to the fund are charged against unrestricted
funds.|| |Designated
funds comprise unrestricted
funds that have been set aside by the trustees for particular
purposes
and which are expected|to| |be paid out ofthe net current assets ofthe charity.|| |Other charitable
funds are unrestricted
funds which are available for use at the discretion ofthe trustees
in furtherance ofthe general|| |objectives ofthe charity but which have not been designated
for immediate
payment.|| |coming resources|| |All incoming resources are included
in the Statement ofFinancial Activities when the charity is legally entitled to the income after any|| |performance
conditions
have been met, the amount can be measured
reliably and it is probable that the income will be received.|| |For incoming donations to be recognised the charity will have been notified ofthe amounts
and the settlement
date in writing. Ifthere|| |are conditions
attached to the donation
and this requires a level ofperformance
before entitlement
can be obtained then income is|| |deferred
until those conditions
are fully met or the fulfilment ofthose conditions
is within the control ofthe charity and it is probable|| |that they will be fulfilled.|| ## ## ## ## ## ## ## ## |Investment
I|ncome|||||2021|2020| |---|---|---|---|---|---|---|---| |||||||Unrestricted|Unrestricted| |||||||Funds|Funds| |UK Dividends|- unquoted|shares||||1,173|33,562| |UK Dividends|- quoted shares|||||185,442|252,171| |Foreign dividends - quoted||shares||||79,560|54,162| |Interest on stock||||||115,262|134,321| |Interest on deposit with stockbrokers|||||||| |||||||381,437|474,216| |Resources expended||||Investment||2021|2020| |||||management|Charitable|Unrestricted|Unrestricted| |||||costs|activities|Funds|Funds| |Grants payable|||||362,814|362,814|422,718| |Management|charges||||||| |Investment|management|||87,110||87,110|99,967| |General|||||||500| |Bank charges|||||30|30|30| |Website costs|||||90|90|90| |Audit fees|||||2,360|2,360|2,940| |Accountancy|fees (payable|to auditor)|||640|640|640| |||||87,110|365,934|453,044|526,885| |Grants payable||||||2021|2020| ||||Number of|||Unrestricted|Unrestricted| ||||grants given|Individuals|Institutions|Funds|Funds| |Educational|||85|11,986|171,173|183,159|186„447| |General - Social &Environmental|||44||149,570|149,570|200,015| |General - Health|||14||8,900|8,900|10,330| |General - ReliefofPoverty|||10||6,347|6,347|4,890| |Religious|||18||14,838|14,838|21,036| ||||171|11,986|350,828|362,814|422,718| ## ## ## ## ## ## ## ## ## |||||| |---|---|---|---|---| |Creditors: Amounts|falling due within one year||2021|2020| |Grants payable|||29,000|20,000| |Sundry creditors|||22,029|22,681| |Accruals|||2,500|2,500| ||||53,529|45,181| |Creditors: Amounts|falling due after more than one year||2021|2020| |Grants payable|||9,000|5,000| ||||9,000|5,000| |Endowments||Balance|Gains/|Balance| |||6April 2020|(Losses)|5April 2021| |The Trust Fund||312,500||312,500| |||312,500||312,500| |||Balance|Gains/|Balance| |||6April 2019|(Losses)|5April 2020| |The Trust Fund||312,500||312,500| |||312,500||312,500| ## ## ||||Balance|New|Utilised/|Balance| |---|---|---|---|---|---|---| |||6|April 2020|Designations|Realised|5April 2021| |Grants|payable||37,585|274,406|(282,127)|29,864| ||||37,585|274,406|(282,127)|29,864| ||||Balance|New|Utilised/|Balance| |||6|April 2019|Designations|Realised|5April 2020| |Grants|payable||111„261|197,727|(271,403)|37,585| ||||111,261|197,727|(271,403)|37,585| ## ## ## |13.|Analysis ofNet Assets between funds||||| |---|---|---|---|---|---| |||Investment|Designated|Endowment|| |||Funds|Funds|Funds|Total| ||Fund Balances at 5 April 2021||||| ||are represented
by:||||| ||Investments|13,700,609||312,500|14,013,109| ||Current Assets||92,393||92,393| ||Current Liabilities||(53,529)||(53,529)| ||Long-Term Liabilities||(9,000)||(9,000)| |||13,700,609|29,864|312,500|14,042,973| |14.|Grants off5,000or above given to institutions||||| |||||2021|2020| ||Educational||||| ||Birkenhead
School|||10,000|6,000| ||Blundell's
School|||30,649|26,649| ||Brymore Academy||||7,400| ||Cheltenham
College|||7,818|| ||Devon County Council||||5,091| ||Exeter Cathedral
School|||40,950|40,100| ||Exeter School|||9,000|7,500| ||Magdalen
Court School||||6,500| ||General
—Social &Environmental||||| ||Churches Housing Action Team||||5,000| ||Devon Community
Foundation||||30,000| ||Dorset County Museum||||5,000| ||Exeter Northcott Theatre||||15,000| ||Rona Sailing Project|||92,000|95,700| ||Tiverton Museum ofMid Devon Life|||27,000|| ||Religious||||| ||Calverleigh
PCC||||5,000| ##