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|---|---|---|---|---|
|Reference|and Administrative||details||
|Report of|the Council|||2 —6|
|Donations|and Subscriptions||||
|Report of|the Auditors|to the|Members|8 —10|
|Statement|of Financial|Activities|||
|Balance Sheet||||12|
|Notes to the Financial||Statements||13—19|
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Patron||||HRH Princess Michael|of|Kent|||||||
|Council|(i.e.Trustees)|||C lan H Morton (Chairman) —Retired|||||||||
|||||Grant G Macdonald —Grant Macdonald
(Silversmiths)
John
M Bowles- JBFairway Presentations
Ltd||||||||Ltd|
|||||Robert WJ Preece —The||Goldsmiths'|||Company||Charity||
|||||—Director ofFinance|||||||||
|||||Mrs Victoria E Cox —Cox||&|Power|—Retired|||||
|||||Richard Jarvis —Richard Jarvis of||||Pall|Mall||||
|||||David A Marshall —David||Marshall||London (Jeweller)||||Ltd|
|||||Ms Zoe Hill —Retired|||||||||
|||||Antony
Vanderpump
—Sterling Creations|||||||||
|||||lan Thomson —Retired|||||||||
|||||Sally Jones —Johnson|Matthey PLC||||||||
|||||Gary Williams —Presman||Mastermelt|||||||
|||||Kerry Gregory —Gemmo/ogy|||Rocks||||||
|Secretary||||Julie Griffin|||||||||
|Company||Number||518834|||||||||
|Charity|Number|||205785|||||||||
|Principal|and Registered||Office|P0 Box61660|||||||||
|||||London|||||||||
|||||SE99AN|||||||||
|Auditors||||Azets Audit Services|||||||||
|||||2'" Floor, Regis House|||||||||
|||||45 King William Street|||||||||
|||||London EC4R 9AN|||||||||
|Bankers||||CAF Bank Limited|||||||||
|||||25 Kings
Hill Avenue|||||||||
|||||Kings
Hill|||||||||
|||||West Mailing|||||||||
|||||Kent ME194JQ|||||||||
|Solicitors||||Charles,
Russell, Speechlys|||||||||
|||||6 New Street Square|||||||||
|||||London EC4A 3LX|||||||||
|Investment||Managers||J M Finn &Co|||||||||
|||||4 Coleman
Street|||||||||
|||||London|||||||||
|||||EC2R 5TA|||||||||
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|C|ommittee
members
in 2020 w|ere:||
|---|---|---|---|
|C|I H Morton (Chairman)|R Jarvis|SWesterman|
|J|M Bowles|S Loxton|M Griffin|
|A|Vanderpump|J Surtees|G Burton|
|K|Gregory|J Bell||
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|||||2020||2019|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted||Unrestricted|
||||Funds|Funds|Total|Funds|
|||Notes|F|E|||
|Incoming
from|||||||
|Donations|||29,296|75,000|104,296|7,476|
|Other trading
activities|||584||584|83,220|
|Investments|||65,210||65,210|82,252|
|Total incoming|||95,090|75,000|170,090|172,948|
|Expenditure
on:|||||||
|Raising funds|||34,966||34,966|73,446|
|Charitable
activities|||166,897|61,033|227,930|159,377|
|Total expenditure|||201,863|61,033|262,896|232,823|
|Net outgoing
resources before other|||||||
|recognised
gains|and losses||(106,773)|13,967|(92,806)|(59,875)|
|Other recognised|gains and losses:||||||
|Realised and unrealised
gains (losses) on|||||||
|investment
assets|||22,151||22,151|348,273|
|Net movement
in|funds||(84,622)|13,967|(70,655|288,398|
|Fund balances
brought|||||||
|forward
1 January|2020||2,465,709||2,465,709|2,177,311|
|Fund balances carried|||||||
|forward 31 December 2020||14|E2,381,087|f13,967|F2,395,054|E2,465,709|
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|||||Note||2020||2019|
|---|---|---|---|---|---|---|---|---|
|Fixed Assets|||||||||
|Tangible assets||||10||928||975|
|Investments||||11||2,237,146||2,301,410|
|||||||2,238,074||2,302,385|
|Current Assets|||||||||
|Debtors|||||1,176||5,682||
|Investment —bank||balances|||||||
|with Investment|Managers||||69,343||19,400||
|Cash at bank and||in|hand||93,314||144,904||
||||||163,833||169,986||
|Creditors: Amounts|||falling due||||||
|within one year||||13|(6,853)||(6,662)||
|Net Current Assets||||||156,980||163,324|
|Net Assets||||||R2,395,054||f2,465,709|
|Represented
by:|||||||||
|Restricted funds||||14||13,967|||
|Unrestricted
funds||||14||2,381,087||2,465,709|
|||||||f2,395,054||R2,465,709|
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|Analysis
ofexpenditure|Direct|Support|Total|Total|
|---|---|---|---|---|
||Costs|Costs|2020|2019|
|||E||E|
|Raising funds|16,874|18,092|34,966|73,446|
|Charitable
activities:|||||
|Grants and other costs|192,950|34,980|227,930|159,377|
|Total resources expended|R209,824|853,072|8262,896|K232,823|
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||The Report ofthe Council provides a further breakdown|The Report ofthe Council provides a further breakdown|The Report ofthe Council provides a further breakdown|ofgrants paid.||
|---|---|---|---|---|---|
||Costs of raising funds|||2020|2019|
||||||E|
||Investment|manager's|fees|16,874|13,401|
||Special activities costs||||42,388|
||Allocation
ofsupport costs|||18,092|17,657|
|||||f34,966|f73,446|
||Grants and|other costs||||
||Staff costs|||38,695|37,847|
||Travelling|||13|697|
||Telephone|||327|362|
||Printing,
postage and stationery|||824|733|
||Insurances|and general|expenses|1,670|1,590|
||Depreciation|||373|406|
||Bank charges|||164|129|
||Accountancy|||2,440|2,220|
||Legal and professional||fees|2,700||
||Governance|costs||4,420|4,200|
||Bad debts|||||
||Website costs|||1,446|288|
|||||853,072|648,472|
|8.|Governance|Costs||||
||Auditors'
remuneration||-for audit|4,420|4,200|
|||||K4,420|F4,200|
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|---|---|---|---|---|---|---|---|
|Fixed Assets|||||Office|||
||||||Equipment
f|||
|Cost||||||||
|At 1 January 2020|||||3,716|||
|Additions|||||326|||
|At 31 December 2020|||||4,042|||
|Depreciation||||||||
|At 1 January 2020|||||2,741|||
|Charge for the year|||||373|||
|At 31 December 2020|||||3,114|||
|Net Book Value||||||||
|At 31 December 2020|||||6928|||
|At 31 December 2019|||||6975|||
|Fixed Asset Investments|||||Other|||
||||||Investments|||
|At valuation:||||||||
|At 1 January 2020|||||2,301,410|||
|Additions
at cost|||||365,158|||
|Disposals|||||(451,573)|||
|Gains/(losses)
for the year|||||22,151|||
|At 31 December 2020|||||K2,237,146|||
|At 31 December 2019|||||E2,301,410|||
|Historical cost:||||||||
|At 31 December 2020|||||F1,551,092|||
|At 31 December 2019|||||F1,628,238|||
|Investments
at 31 December 2020 comprise|securities||listed|on|the London
Stock Exchange||at market|
|value ofF1,050,179(2019:F1,094,390)and|unlisted|investments|||in a common
investment|fund|at market|
|value of F.1,186,967(2019:E1,207,020).||||||||
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|Debtors|||||||2020|2020|2019|
|---|---|---|---|---|---|---|---|---|---|
||||||||E||E|
|Due within|one year:|||||||||
|Income receivable|||||||||5,277|
|Prepayments|||||||1,176||405|
|Accrued income||||||||||
||||||||E1,176||E5,682|
|Creditors:||Due within one year||||||||
|Accruals|||||||6,000||5,800|
|Other creditors||||||||853|862|
||||||||6,853||E6,662|
|Movements||in funds||||||||
|||||||Other||||
|||||||recognised||||
||||At|Incoming|Resources|gains and|||At|
||||01.01.20
E|Resources|expended
E|losses
f|Transfers||31.12.2020|
|Restricted|funds|||||||||
|- Hardship||Fund||75,000|(61,033)||||13,967|
|Unrestricted||funds||||||||
|- General|funds||2,465,709|95,090|(201,863)|22,151|||2,381,087|
||||2,465,709|170,090|(262,896)|22,151|||2,395,054|
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||Capital|Income|Total|
|---|---|---|---|
|||E|E|
|Net Incoming Resources for the year||(106,773)|(106,773)|
|Other recognised
gains:||||
|- Gain on investment
assets||22,151|22,151|
|Net movement
in funds before transfers||(84,622)|(84,622)|
|Transfers
between
funds|5,277|(5,277)||
|Total movement
for year|5,277|(89,899)|(84,622)|
|At 1 January 2020|2,054,965|410,744|E2,465,709|
|At 31 December 2020|E2,060,242|E320,845|E2,381,087|
|Analysed as to:||||
|Realised|1,374,188|320,845|1,695,033|
|Unrealised|686,054||686,054|
|Total at 31 December 2020|E2,060,242|E320,845|E2,381,087|
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