2021-07-31-accounts - The Thomas Wall Trust

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Reference	and Administrative	Details
Trustees:
		Dr G.M. Copland,	C.B.E., M.A.,		D.Phil. , C.Phys.	, F.lnstP. ,
		F.R.S.A., (Chairman)
		Mr. S Bediako O.B.E.			(appointed	9August 2020)
		Ms. S.Bray
		Dr. K Hewlett M.B.E.
		Ms. T. Nickson, M.A.,		B.Ed (Hons)
		Ms.J.Tyler
		Rev. Prof. William	Whyte
		Prof. T.Wilkinson	M.A., Ph.D.		(retired 23	November 2020)
Administrator:		Pellipar Services	Limited
Auditors:		Wenn Townsend,
		Chartered Accountants,
		30StGiles',
		Oxford.
Bankers:		National Westminster		Bank,
		91 London Road,
		Headington,
		Oxford.
Investment	managers:	CCLA Investment	Management		Limited,
		80 Cheapside,
		London.
Registered	Charity No:	206121
Registered	Office:	Skinners' Hall,
		8 Dowgate Hill,
		London,
		EC4R2SP.

			Unrestricted	Designated	2021	2020
			General	Capital	Total	Total
					E
Income from:
Donations				2,040	2,040	340
Investments			124,191		124,191	122,339
Properties			56,830		56,830	70,695
Total income			181,021	2,040	183,061	193,374
Expenditure on:
Charitable activities			(342,508)		(342,508)	(127,519)
Total expenditure			(342,508)		(342,508)	(127,519)
Realised gains on investment		assets
Unrealised gain on revaluation		of
investment assets			25,921	566,838	592,759	41,381
Net (expenditure)/income			(135,566)	568,878	433,312	107,236
Fund balance brought	forward		492,656	4,879,720	5,372,376	5,265,140
Fund balance carried	forward		357,090	5,448,598	5,805,688	5,372,376

					Note
							2021		2020
Fixed assets
Investments							4,386,334		3,793,575
Investment	properties						1,213,900		1,213,900
							5,600,234		5,007,475
Current assets
Debtors					9	76,225		66,725
Cash at bank and			in hand		10	161,216		321,535
						237,441		388,260
Creditors: Amounts		falling due
within one year						(37,820)		(30,647)
Net current assets							199,621		357,613
Debtors due after more than one				year			5,833		7,288
Net assets							5,805,688		5,372,376
Unrestricted funds		—general			13		357,090		492,656
		-designated		capital	13		5,448,598		4,879,720
Total funds							5,805,688		5,372,376

	g)	Going Concern	Going Concern
	The	financial statements have		been		prepared			on a going					concern basis as the trustees			believe		that		no	material
	uncertainties exist. The trustees			have considered					the level		offunds held and				the expected level ofincome					and	expenditure
	for 12 months from authorising			these		financial			statements.			The budgeted			income and expenditure			is	sufficient			with	the
	level	of reserves for the charity		to	be able to continue as a							going concern. The Trustees have considered								the	impact		that
	Covid	19has had on its operations			when assessing					going concern.
	2	Donations and legacies
		Included in donations	are		the following				including			gift		aid received	in the year:
															2021						2020
		Sundry donations													2,040							340
	3	Investment income
		Interest receivable													59							1,403
		Dividends receivable	from investments						and unit		trusts				124,132						120,936
															124,191						122,339
		Charitable activities
		Grants made in the year			- to	individuals									73,930						47,224
					-to	charitable			organisations						159,579						32,747
					-other		including			Digital		Skills Programme 57,572
		Surveyors 8 legal fees		re investment					property													600
		Audit													2,718							2,640
		Management fees													44,988						40,011
		Office costs including	meetings,				travel		8	training					541							418
		Bank charges													102
		Website costs													3,078							3,879
															342,508						127,519
	Included within Grants made			in	the	ear are			a	ments	to		the followin		or anisations:
Articulate Cultural Trust										5,000				M Time										5,000
Bliss	abilit	Itd								2,500				The National	Emer encies									25,000
Buckin hamshire Disabili Service										5,000				North T neside Disabilit Forum										3,700
Carmarthenshire Youth and Children's				Association						5,000				Park View Pro ect										2,977
The	Chamwell Centre									5,000				Recom										5,000
Cleveland Housin Advice Centre										5,000				Slou h Refu	ee Su ort									4,000
E ic	Partners									4,995				Startu online										4,750
Faith	Forum London									5,000				Stren th and	Learnin Throu	h Horses								5,000
Foundation		92								5,000				Sussex Association for S ina		Bifida 8		H droce			halus			5,000
Ga	-ACommunit Pro'ect									1,208				Thanet Communit Develo ment			Trust		Ltd					3,000
Hull	FC Ru	b Communit S orts 8	Education				Trust			5,000				Thomas Wall Nurse										250
Hacro										5,000				Time To Hei	UK									5,000
It's	our choice									5,000				Townsend Youth Partnershi										5,000
Kilmamock		YMCA Plus								3,699				Workin 0 tions in Education										5,000
Kin	standin	Re eneration Trust RC								5,000				Youn Creatives Nottin ham										3,500
Men	h s									5,000				Youth Fedn.	for Cheshire, Halton,		Warrin			ton 8 Wirral				5,000
	All ofthe above recipients each				received one grant payment during the year. The Digital												Skills		Programme				was
	an initiative to celebrate the		centenary				of the Charity				and			there are currently no plans		to repeat				it. The Charity
	also	made two large grants to the National						Emergencies					Trust in response to the crisis			caused			by	Covid		19.

				Unrestricted
				2021	2020
				E
Auditor's	remuneration	including	VAT:
Current	year			2,718	2,640

Fixed asset investments	Fixed asset investments					2021	2020
COIF:
	Market value at 1stAugust 2020			3,793,575		3,752,194
	Disposal proceeds
	Purchases
	Realised gains on disposal
	Unrealised gains in year			592,759		41,381
	Market value at 31stJuly 2021					4,386,334	E3,793,575
Investment properties:
55	High Street, Staines
	Market value at 1stAugust 2020			1,200,000		1,200,000
	Movement in valuation
	Market value at 31stJuly 2021					1,200,000	1,200,000
2a	Outram Street, Sutton in Ashfield
	Market value at 1stAugust 2020			13,900		13,900
	Movement in valuation in the year
	Market value at 31stJuly 2021					13,900	13,900
	Total investment properties					1,213,900	1,213,900
a)	The historic cost of the COIF	investments		at 31st	July	2021 was F3,408,965 (2020: E3,408,965).
	The increase in market value	during	the period was 15.6% (2020: 1.1%).During				the same period,
	the FTSE 100 index rose by 19.2%(2020:			-22.2%).
b)	The market value of COIF investments		held within		and	outside the UK, using asset allocation as at
	30th June 2021 was:
						2021	2020
							E
	inside the UK					1,390,468	1,441,334
	Outside the UK					2,995,866	2,352,241
						4,386,334	3,793,575

that date.
			2021	2020f
Balance	brought forward 1stAugust 2020		4,879,720	4,839,808
Donations received			2,040	340
Realised	profit on sale of investments
Change	in market value of investments		566,838	39,572
Balance	carried forward 31stJuly 2021		5,448,598	4,879,720
General	fund
This fund	represents money not set aside for a particular	purpose.
Balance	brought forward 1stAugust 2020		492,656	425,332
(Deficit)/surplus for the year			(161,487)	65,515
Realised	profit on sale of investments
Change	in market value of investments		25,921	1,809
Balance	carried forward 31stJuly 2021		357,090	492,656

			Unrestricted	Designated	2020
			Generalf	Capital	Total f.
Donations				340	340
Investments			122,339		122,339
Properties			70,695		70,695
Total income			193,034	340	193,374
Expenses
Charitable expenditure			(127,519)		(127,519)
Realised gains on investments
Unrealised gain on investment		assets	1,809	39,572	41,381
Net movements in funds			67,324	39,912	107,236
Fund balance brought	forward		425,332	4,839,808	5,265,140
Fund balance carried	forward		492,656	4,879,720	5,372,376

						2021		2020
Income
Dividends and interest on investments						124,132		120,936
Deposit interest						59		1,403
						124,191		122,339
Rents receivable:		55 High	Street, Staines		56,135		70,000
		2a Outram		Street,
		Sutton	in Ashfield		695		695
						56,830		70,695
Donations received						2,040		340
Total income						183,061		193,374
Deduct: expenditure
Professional fees
Audit					2,718		2,640
Management fee					44,988		40,011
Investment property		costs					600
					47,706		43,251
General
Postage, stationery,		printing	8	telephone	178		349
Subscriptions					264
Travelling and meeting expenses							34
Website costs					3,078		3,879
Training
Bank charges					102
Sundry expenses					99		35
					3,721		4,297
Grants
To individual students					73,930		47,224
Digital Skills Programme					57,822
To organisations					159,329		32,747
					291,081		79,971
Total expenditure						(342,508)		(127,519)
Net (deficit)/surplus	for the year					(159,447)		65,855

						2021f		2020 E
Capital fund
Balance	at 1stAugust 2020					4,879,720		4,839,808
Donations		received			2,040		340
Realised	and unrealised			gains on investments	566,838		39,572
						568,878		39,912
Balance	at 31stJuly		2021			5,448,598		4,879,720
Represented		by:
Investment		properties	at market value			1,213,900		1,213,900
Quoted	investments		at market value			4,194,520		3,627,682
Cash and		bank				40,178		38,138
Net assets on		capital fund				5,448,598		4,879,720

				2021		2020f
Income fund
Accumulated surplus at	1stAugust 2020			492,656		425,332
(Deficit)/surplus for the year				(161,487)		65,515
Realised and unrealised	gain on investments			25,921		1,809
Accumulated surplus at	31stJuly 2021			357,090		492,656
Represented by:
Investments				191,814		165,893
Debtors
—Prepayments		and accrued income		82,058		74,013
Cash and bank
- Bank current		and COIF deposit account		121,038		283,397
Creditors
- Sundry Creditors			23,315		27,833
— Accruals			2,718		2,640
— Rent received		in advance	11,787		174
				(37,820)		(30,647)
Net assets on income fund				357,090		492,656

Reconciliation ofnet assets
At 31stJuly 2021

	2021	2020
Net assets on capital fund (see page B)	5,448,598	4,879,720
Net assets on'income fund (see page C)	357,090	492,656
Total net assets (see page 8)	5,805,688	5,372,376