Registered number 207233
Gardner's Trust For The Blind
Report and Unaudited Accounts
For The Year Ended 30 September 2021
Gardners Services Ltd Suite 1, Unit 2, Stansted Courtyard Parsonage Road, Takeley, Essex, CM22 6PU
Gardner's Trust For The Blind Charity Information
Trustee
Gardner's Trustee
Clerk
Elias Poli (resigned 25.03.2021) Simon Poli (appointed 08.03.2021)
Independent Examiner
Julie Mellowes FCCA UHY Hacker Young Quadrant House 4 Thomas More Square London E1W 1YW
Bankers
Bank of Scotland 38 St Andrew Square Edinburgh EH2 2YR
Investec Wealth & Investment Ltd 2 Gresham Street London EC2V 7QP
Investment Advisers & Portfolio Nominee Account Holders
Investec Wealth & Investment Ltd 2 Gresham Street London EC2V 7QP
Registered Office
Suite 1, Unit 2, Stansted Courtyard Parsonage Road, Takeley, Essex, CM22 6PU
Registered Charity Number
207233
Solictors
Bates, Wells & Braithwaite 2-6 Cannon Street London EC4M 6YH
Organisation & Decision Making
Gardners Services Ltd Suite 1, Unit 2, Stansted Courtyard Parsonage Road, Takeley, Essex, CM22 6PU
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Gardner's Trust For The Blind Registered number: Trustee's Report
207233
The Trustee presents its report along with the financial statements of Gardner’s Trust for the Blind (“the Charity”) for the year ended 30 September 2021. The financial statements have been prepared in accordance with the accounting policies set out on pages 10-11 and comply with the applicable law.
Legal Status
The Charity was set up under the Will of Henry Gardner, who died in 1879; it has subsequently benefited from legacies from a variety of other benefactors. The Charity operates under a Trust Deed originally approved by the Court of Chancery in 1882, but which has been modified since on a number of occasions by Schemes approved by the Charity Commissioners, most recently during 2010.
Trustee and Appointment
The following served as sole Trustee of the Charity during the year:
- Gardner’s Trustee
The following, all being Directors of Gardner's Trustee, served as members of the committee of management of the Charity during the year in that capacity:
The Rt. Hon. the Viscount Gough Dr R. Forster S.C. Jones D.R. Beardsley Dr J.W. Hawkins Dr N.M. Berman M. Burrows (appointed 08.03.2021)
Risk Management
The Trustee actively reviews the major risks that the Charity faces on a regular basis and believes that sufficient resources to provide for protection against adverse financial and other developments are provided by a combination of:
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Maintenance of financial reserves at a prudent level, with a proportion of the Charity's investments held in relatively low risk investments.
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Periodic review (and the implementation of changes where necessary) of the operational controls that are in place, particularly in relation to investments, banking and the approval and payment of grants and annual grantees.
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When available at acceptable premium rates, insurance on certain classes of risk.
Investment Powers and Policy
The Trust Deed authorises the Trustee to make and hold investments using the general funds of the Charity.
The Charity’s fundamental investment policy over the long term is to maintain the real value of capital and income; a variety of investments are held to ensure diversification of investment risk. The Trustee agrees detailed investment guidelines with the Investment Manager from time to time and meets regularly to review performance against agreed benchmarks. The investment guidelines are sufficiently flexible to allow the Investment Manager to anticipate and react to changes in market conditions.
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Gardner's Trust For The Blind Registered number: 207233 Trustee's Report
Reserves and Reserves Policy
It is the policy of the Trustee to maintain unrestricted funds at a level that equates to a minimum of 24 months' unrestricted expenditure. Such funds have been maintained at this level throughout the year. A transfer of £27,363 has been made to the Income Fund from the Capital Fund. The Income Fund has been set at £220,000, representing the amount the Trustee feels would be prudent to maintain as being 24 months of expenditure. The capital fund held total reserves of £4,233,234 at the year-end (2020: £3,513,362) and meaning that total reserves at the year-end were £4,453,234 (2020: £3,733,362).
Constitution, Objects and Policies
The Charity is constituted by Trust Deed and its objects are the distribution of its income for the benefit of needy registered blind or partially sighted persons by way of discretionary annual grants, maintenance, educational and training grants and general grants for specific objects to individuals, institutions or organisations.
The Trust’s policies are to maximise its income subject to its constitution and investment policy and to continue to fulfil its objects.
Organisation and Decision Making
The Trustee delegates the day to day responsibility of achieving the Charity's objectives to the clerk and the staff of Gardners Services Ltd who administer the day to day transactions and maintain the books and statutory records, and the Chairman of the Directors, who makes decisions on grants and pensions. The Directors of the Trustee regularly meet to review these activities and make decisions as to the strategic direction the Charity should take, and communicate this to those responsible for delivery.
Grant Making Policy
The constitution gives the Trustee the right to give grants to successful applicants having fulfilled all conditions stipulated for such grants. Grants are awarded for a period of two years after which they lapse and the funds returned to the General Fund. All grants are made to blind or partially sighted individuals, or to other organisations or institutions for the blind.
Trustee Induction and Training
The Charity has appointed Gardner's Trustee as its sole trustee. Gardner's Trustee has a policy to appoint Directors who are familiar with Charity Law. In order to assist in the running of the Charity, documentation has been prepared setting out the constitution, objects and running of the Charity.
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Gardner's Trust For The Blind Registered number: 207233 Trustee's Report
Trustee Responsibilities for the Financial Statements
The Trustee is responsible for preparing the Trustee Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the Trustee to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that period. In preparing these financial statements, the Trustee is required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.
The Trustee is responsible for keeping proper records which disclose with reasonable accuracy the financial position of the Charity and enable it to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. The Trustee is also responsible for safeguarding the Charity's assets and hence for taking reasonable steps for the prevention and detection of fraud and breaches of law and regulations.
Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Financial Report and Main Achievements
The Statement of Financial Activities shows total income of £95,886 (2020 - £96,431). Expenditure amounted to £123,249 (2020 - £103,290), of which £26,240 (2020 - £25,133) was spent on administration, professional and audit fees and £77,060 (2020 - £58,923) on help to poor and needy blind and partially sighted people through one-off and annual grants. The Income Fund's deficit for the year was £27,363 (2020 - Deficit £6,859).
The Charity continued to support, on average, 27 quarterly grant recipients at a cost of £17,049 (2020 - £17,517). An annual amount, payable quarterly, is normally payable to such pensioners as long as they continue to meet certain criteria and the Charity has sufficient funds available, but there is no contractual requirement for the Charity to do so.
Net single grants totalling £60,011 (2020 - £41,406) were made during the year to 104 eligible applicants.
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Gardn•rfs Trust For The Blind Reglstered number. 207233 Trustee's Report Publi¢ B¢ndlt Stslem•nt The Trustee confims U)at rt has referred to Ihe guidance contstned in the Charity Commwion's general gutdan¢e on Pubir 8erfft kn revwng the Trusys objectsve5 and in planning fijtttre aGtivit. Gardnefs Trust for Bnd pmmles onff and F&nvKJlo wants to m8mb8rs ofthe pU1C in tho Unlled Klrwdom vtho are regisleRd bllnd Partity sYJhte(I". it does this dIY aTrd. Mnetimgs, through other charits for the blThl Any member of tre pubk satisfying one of these riterB free to appty and the CWS c(mmitee of managemen( ty those to wthom it de day-IW authority in respect of smalkr appea4 consxth 41 The Charity works c105ety th other charilies for the blnd and wlh reaniSed a1KNS, such tocol authorities, gvery effort is made to ensure that applKants are already receiving any statutory benefts to kh they are entitkn1. grant bwnd ststutory enliyements do the most go(J.. for example, tmrds indiwduals Sen9 up in business. helping meet the costs of hgher edlKaI. or contributiw towards equipment that will provhle a hvJher quality of . The Trustee confinns that It has vAth Sectl)n 1715) Ch8rfbes 2011, to due regard to the Charity CunmissKffl gw4 guthnce PublG Benefit 'Ch¥ths and Publ 8enefiY. Thls reportvAs apwovéd ty the LKwrd ¢Ifvcck/lo21 and ned ty its Nder. The Rt Hon The Vi On behalf ofthe Ward of Gard$ Truslee Trustee
Gardnerfs Trust For The Bllnd Independent examinerfs report to the trustee of Gardner's Trust For The Blind I report to the tnjstee on my examination of the accounts of Gardnerfs TrLL5t for the Blind (the Trusfi for the year ended 30 Soptsmbor 2021. th1¢h are set out on pages 7 to 18. R•sponslbllltlos and basls of r•port As the charity trustee of Ihe Trust you are r85ponsknk (Dr th8 preparation of ts accounts in aco)rdance Wth the requirements of the Charityes Act 2011 Ilhe Aca'l. l pOrt In rtspèet of my examination ol the TnBt89's ¢ounts carried out uThYer section 145 ol the 2011 Act and in carrying out my examinatron I have foMcMd the applicable Dir8cts"ons gIn by Ihe Charity Commiswon under section 1451Sllbl of the 2011 Act. Indep•ndent examlnerfs $tatement I have completed my èxaminabon. l eonfimi that no matéiial matter5 have to my attention sn ojnnection with the examination giving me cause to bel%t that in any materid respett. 111 accounting records were not kept in re¥ect of the Trust as reqltired by seclion 130 of the Art or 121 the accounts do not accord those records." or 131 the accounts do not cornpfy with the applicab wuirernents o)ncernipg the form and content of accounts set Oul Sn the Chantiès (Accounts and Reports) Ragulats"ons 2QX)8 olher than any requirernent thal the acc#)unts give a true fair i vthich is not a matter Coro*le as part of an examination. I hav8 no concems and have coma across rKJ Othw mattors in connaction wth th8 examination to vthith attenb'on should be drawrtr in this report in ordgr to a prrw uTrJerslandiry ofthe accwnts to be ieathed. Juli8 Mell(yw85 FCCA UHY Hacker Young Qua¢Jrant Htyjse 4 Thornas More Squ London E1W1YW Date. C &21
Gardner's Trust For The Blind Statement of Financial Activities for the year ended 30 September 2021
| Income Investment income Interest on deposit accounts Total income Expenditure Managing funds Charitable activities (Notes 8 and 9) Total expenditure Reconciliation of funds Total funds brought forward Total funds carried forward Net deficit for the year Gain/(loss) on investments (note 3) Net movement in funds Transfer between funds |
2021 £ Unrestricted Income Fund 95,736 150 95,886 19,949 103,300 123,249 (27,363) 27,363 - - 220,000 220,000 |
2021 £ Unrestricted Capital Fund - - - - - - - (27,363) 747,235 719,872 3,513,362 4,233,234 |
2021 £ Unrestricted Total Funds 95,736 150 95,886 19,949 103,300 123,249 (27,363) - 747,235 719,872 3,733,362 4,453,234 |
2020 £ Unrestricted Total Funds 95,671 760 96,431 18,084 85,206 103,290 (6,859) - (319,847) (326,706) 4,060,068 3,733,362 |
|---|---|---|---|---|
There were no recognised gains or losses for 2020 or 2021 other than those included in the statement of financial activities.
None of the Charity's activities were acquired or discontinued in the above two financial years.
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Gardn$ Trust For The Bllnd Registered number. Balance Sheet as at 30 Seplembor 2021 207233 2020 Flxed assets Investh)ents 4,260,485 3.597.956 Debtors Cash * bank 4.291 201.278 205.567 141.543 141.635 Credltorn: •mounts f•lllng du• wlthln one y•ar {12.798) 16,229) N•t¢un•nl a•Mts 1W2.769 135.4L 4.453,234 3.733.382 Unrestrled capital fund 4,233,234 3,513,362 13 4.453,234 3,733,362 arxxjunts were approbTd by the board 20 zl sgn&J on its behalf. The Rt Hon The On behawof the boafd Trustee rdnerfs Twstee
Gardner's Trust For The Blind Statement of Cash Flows
for the year ended 30 September 2021
| Operating activities Surplus/(deficit) for the financial year Adjustments for: (Gain)/Loss on Investments Investment Income Dividend Income Increase in Debtors Iincrease/(Decrease) in Creditors Cash used in operating activities Investing activities Payments to acquire investments Proceeds from sale of investments Investment Income Dividend Income Cash generated by/(used in) investing activities Net cash generated/(used) Cash used in operating activities Cash generated by/(used in) investing activities Net cash generated/(used) Cash and cash equivalents at 1 October Cash and cash equivalents at 30 September Cash and cash equivalents comprise: Cash at bank |
2021 £ 719,872 (747,235) (150) (95,736) (4,199) 6,569 (120,879) (141,518) 226,244 150 95,736 180,612 (120,879) 180,612 59,733 141,543 201,276 201,276 201,276 |
2020 £ (326,706) 319,847 (760) (95,671) (45) (5,202) (108,537) (1,341,684) 1,188,468 760 95,671 (56,785) (108,537) (56,785) (165,322) 306,865 141,543 141,543 141,543 |
|---|---|---|
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Gardner's Trust For The Blind Notes to the Accounts for the year ended 30 September 2021
1 Accounting policies
a) Statutory Information
Gardner's Trust for the Blind is a charity, domiciled in England and Wales, registration number 207233. The registered office is Suite 1, Unit 2, Stansted Courtyard, Parsonage Road, Takeley, Essex CM22 6PU.
b) Basis of Preparation
The financial statements have been prepared in accordance with the charity's trust deed, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".
Gardner's Trust for the Blind meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
The Trustee considers that there are no material uncertainties about the Charity's ability to continue as a going concern.
c) Investment Income
Investment income is credited to the Statement of Financial Activities when the Charity has entitlement to the resources and to the extent that the resources will be received.
d) Charitable Activities
Grants payable are accounted for on the accruals basis when approved by the Trustee. Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the Charity to the expenditure. Grants payable are payments made to third parties in the furtherance of the charitable objectives of the Charity. The grants are charged in the year when formally awarded by the Charity and communicated to the recipient irrespective of the period covered by the grant as they are regarded by the Trustee as financial obligations. Annual grants payable to beneficiaries are on a quarterly basis and reviewed annually by the Trustee. The annual grants are at the discretion of the Trustee and therefore are provided as they accrue.
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the Charity and costs linked to the management of the Charity. These costs are allocated against charitable activities.
e) Investments
Investments are stated at fair value at the balance sheet date. The Statement of Financial Activities includes the net gains and losses arising on revaluations and disposals throughout the year.
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Gardner's Trust For The Blind Notes to the Accounts for the year ended 30 September 2021
f) Fund Accounting
Capital Fund
This represents the original capital of the Charity and accumulated growth. There are no restrictions to its use, and the Trustee tries to maintain this at a level which will generate sufficient income to cover annual expenditure.
Income Fund (formerly General Fund)
This represents accumulated income over the years, less annual expenditure. The fund is primarily used to meet the annual expenditure and generate further income. The management committee consider it appropriate to maintain an income fund to provide reserves amounting to approximately 2 years of aggregate anticipated expenditure (comprising grant and annual grant awards and administrative expenses). This level takes into account the possibilities of variances in investment income; an unexpected financial loss; any exceptional calls for grants; and operational losses not covered by insurance. The level of the Income Fund is adjusted principally through increasing and decreasing the level of grants. At 30th September 2021 the Income Fund of £220,000, represented 2 years of aggregate expenditure ending on that date.
g) Voluntary Income
Voluntary income is recognised where there is entitlement, certainty or receipt and the amount can be measured with sufficient reliability.
2 Income from activities
The income from dividends and interest which arose wholly within the United Kingdom, and the surplus, are wholly attributable to the welfare of the blind, less governance costs.
3 Investments
| undertakings £ Market valuation At 1 October 2020 - Additions - Realised gain on investments Unrealised gain/(loss) on investments Disposal proceeds - At 30 September 2021 - |
2021 £ 3,597,956 141,518 46,564 700,671 (226,244) 4,260,465 |
2020 £ 3,764,587 1,341,684 63,871 (383,718) (1,188,468) 3,597,956 |
|---|---|---|
Full details of the investments are given in note 16.
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Gardner's Trust For The Blind Notes to the Accounts
for the year ended 30 September 2021
| 4 Debtors Accrued income Other debtors 5 Creditors: amounts falling due within one year Sundry creditors Grants awarded 6 Unrestricted capital fund At 1 October 2020 Gain/(loss) on investments Transfer to income fund At 30 September 2021 7 Unrestricted income fund At 1 October 2020 Net deficit for the year Transfer from capital fund At 30 September 2021 8 Expenditure on charitable activities 2021 £ Activities Undertaken Directly Donations - Grants Awarded (Note 11) - Annual Grants Awarded - - |
£ Grant Giving Activities - 60,011 17,049 77,060 |
2021 £ 2 4,289 4,291 2021 £ 1,820 10,978 12,798 2021 £ 3,513,362 747,235 (27,363) 4,233,234 2021 £ 220,000 (27,363) 27,363 220,000 £ Support Costs - 20,179 6,061 26,240 |
2020 £ 2 90 92 2020 £ 1,800 4,429 6,229 2020 £ 3,840,068 (319,847) (6,859) 3,513,362 2020 £ 220,000 (6,859) 6,859 220,000 2021 £ Total - 80,190 23,110 103,300 |
|---|---|---|---|
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Gardner's Trust For The Blind Notes to the Accounts
for the year ended 30 September 2021
| 9 Expenditure on charitable activities 2020 £ Activities Undertaken Directly Donations 1,150 Grants Awarded (Note 11) - Annual Grants Awarded - 1,150 10 Analysis of support costs Gardner’s Trustee Annual Return Sundry Expenses Indemnity Insurance Independent examination fees Bank Charges 11 Grants awarded Education & Trade Grants General Aid Grants Secretarial Fees & Disbursements |
£ Grant Giving Activities - 41,406 17,517 58,923 |
£ Support Costs 481 17,323 7,329 25,133 2021 £ 13 23,760 169 478 1,820 - 26,240 2021 £ 8,573 51,438 60,011 |
2020 £ Total 1,631 58,729 24,846 85,206 2020 £ 13 22,680 162 448 1,800 30 25,133 2020 £ 3,602 37,804 41,406 |
|---|---|---|---|
12 Trustees' remuneration and expenses
The Charity has an Officers’ Insurance Policy, on behalf of the Directors of the Trustee, in respect of any damages and legal expenses that may arise as a result of their actions during their periods of office. The premium paid was £478 (2020 - £448). There were no staff other than the Trustee. The Trustee received no remuneration during the year (2020 - £ nil).
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Gardner's Trust For The Blind
Notes to the Accounts
for the year ended 30 September 2021
13 Analysis of net assets between funds
| Investments Current Assets Current Liabilities Total |
2021 £ Capital Account 4,260,465 (27,231) - 4,233,234 |
2021 £ Income Account - 232,798 (12,798) 220,000 |
2021 £ Total 4,260,465 205,567 (12,798) 4,453,234 |
2020 £ Total 3,597,956 141,635 (6,229) 3,733,362 |
|---|---|---|---|---|
14 Contingent liability
An Unclaimed Balance donation of £1,223 was received from LDJ Solicitors client account, (in the year ended 30th September 2014) which may have to be returned if their client makes a claim for said sum. A further sum of £379 was received from Brighouse Solicitors during the year to 30th September 2017.
15 Related party transactions
There were no related party transactions in the year or in 2020.
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Gardner's Trust For The Blind Notes to the Accounts
for the year ended 30 September 2021
| 16 | Investments iShares S&P 500 Nav Units 15,000 Ishares FTSE100 Isharescore FTSE Ucits 17,500 UK Government 0.125% I/L 03/2026 60,000 Mercantile Investment TST Plc Ord. 25p 70,000 Threadneedle Investment UK Equity Income Units 106,814 Blackrock Fund Managers Ltd European Dynamic Fund Income Units 115,000 Artemis Fund Managers Institutional Income Units 140,306 Empiric Student Property Ord1p 100,000 iShares Li Plc Core UK Gilts Institutional Income Units 14,000 City of London Investments Ord. 25p 30,000 10,000 40,000 Maitland Instl Svc MI Twentyfour Am dynamic 900 iShares Core Corp Bond Ucits EGF GBP 1,000 Fidelity Special Value Ord GBP0.05p 75,000 Carried forward |
£ Cost B/Fwd 118,343 119,565 80,862 73,264 137,323 115,746 122,241 102,089 185,524 119,640 100,968 153,347 145,501 1,574,413 |
£ Additions At Cost - - - - - - - - - 39,690 - - - 39,690 |
£ Disposals At Cost - - - - - - - - - - - - - - |
2021 £ Cost C/Fwd 118,343 119,565 80,862 73,264 137,323 115,746 122,241 102,089 185,524 159,330 100,968 153,347 145,501 1,614,103 |
2021 £ Market value 485,906 121,870 82,903 189,350 205,254 331,948 141,176 89,200 191,677 155,600 103,102 151,420 221,063 2,470,469 |
2020 £ Market value 390,188 100,748 81,024 123,550 162,539 247,308 115,177 60,950 206,430 94,725 99,039 155,245 130,950 1,967,873 |
|---|---|---|---|---|---|---|---|
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Gardner's Trust For The Blind Notes to the Accounts
for the year ended 30 September 2021
| £ Cost B/Fwd Brought forward 1,574,413 International Public Partnership 84,375 129,188 Schroder Investment Management 300 109,337 Blackrock Fm Ltd Charities UK Bond A GBP Dis 138,500 181,252 iShares Ii Plc USD Treas Bd 7-10yr Ucits 15,000 86,529 Diverse Income Tru Ordn GBP0.001 125,000 106,646 Henderson Investments Janus Hend Instl Hgh Alpha 100,000 48,562 Keystone Inv Tst Ord GBP0.10 50,000 93,151 Franklin Templ/Im UK Smaller Cos W Acc Nav 30,000 73,723 Rlum Limited RL Sustainable Ldrs Tst D Inc 40,000 80,744 Henderson Euro Foc Ord GBP0.50 4,000 52,721 Schroder Unit Tst US Smaller Cos Z Inc 35,000 50,760 Schroder Japan Gwt Ord GBP0.10 25,000 49,463 Ninety One Fd Managers Global Environment K GBP 50,000 50,794 Carried forward 2,687,283 |
£ Cost B/Fwd Brought forward 1,574,413 International Public Partnership 84,375 129,188 Schroder Investment Management 300 109,337 Blackrock Fm Ltd Charities UK Bond A GBP Dis 138,500 181,252 iShares Ii Plc USD Treas Bd 7-10yr Ucits 15,000 86,529 Diverse Income Tru Ordn GBP0.001 125,000 106,646 Henderson Investments Janus Hend Instl Hgh Alpha 100,000 48,562 Keystone Inv Tst Ord GBP0.10 50,000 93,151 Franklin Templ/Im UK Smaller Cos W Acc Nav 30,000 73,723 Rlum Limited RL Sustainable Ldrs Tst D Inc 40,000 80,744 Henderson Euro Foc Ord GBP0.50 4,000 52,721 Schroder Unit Tst US Smaller Cos Z Inc 35,000 50,760 Schroder Japan Gwt Ord GBP0.10 25,000 49,463 Ninety One Fd Managers Global Environment K GBP 50,000 50,794 Carried forward 2,687,283 |
£ Additions At Cost 39,690 - - - - - - - - - - - - - |
£ Disposals At Cost - - - - (86,529) - - (93,151) - - - - - - |
2021 £ Cost C/Fwd 1,614,103 129,188 109,337 181,252 - 106,646 48,562 - 73,723 80,744 52,721 50,760 49,463 50,794 |
2021 £ Market value 2,470,469 137,363 138,319 256,017 - 145,312 142,200 - 121,704 98,680 63,600 62,545 56,750 81,360 |
2020 £ Market value 1,967,873 136,181 122,910 272,914 86,213 104,625 122,900 126,500 74,763 82,680 50,400 44,450 44,125 61,655 |
|---|---|---|---|---|---|---|
| 2,687,283 | 39,690 | (179,680) | 2,547,293 | 3,774,319 | 3,298,189 |
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Gardner's Trust For The Blind Notes to the Accounts
for the year ended 30 September 2021
| Brought forward RIT Cap Partners Ord GBP1 5,000 Schroder Real Estate Ordinarty Shares NPV 200,000 Sdcl Energy Efficient Ord GBP0.01 50,000 8,333 58,333 The Renewables Inf Ord NPV 64,393 6,439 70,832 Warehouse Reit PLC Ord GBP0.01 - 70,000 70,000 Total |
£ Cost B/Fwd 2,687,283 93,701 63,401 55,701 77,272 - 2,977,358 |
£ Additions At Cost 39,690 - - 9,208 7,920 84,700 141,518 |
£ Disposals At Cost (179,680) - - - - - (179,680) |
2021 £ Cost C/Fwd 2,547,293 93,701 63,401 64,909 85,192 84,700 2,939,196 |
2021 £ Market value 3,774,319 128,875 98,700 66,500 88,611 103,460 4,260,465 |
2020 £ Market value 3,298,189 92,750 64,550 54,375 88,092 - 3,597,956 |
|---|---|---|---|---|---|---|
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Gardner's Trust For The Blind Notes to the Accounts
for the year ended 30 September 2021
| 17 Income Investment income Interest on deposit accounts Total income Expenditure Managing funds Charitable activities (Notes 9) Total expenditure Reconciliation of funds Total funds brought forward Total funds carried forward Net movement in funds Comparative statement of financial activities Net deficit for the year Transfer between funds Loss on investments (note 3) |
2020 £ Unrestricted Income Fund 95,671 760 96,431 18,084 85,206 103,290 (6,859) 6,859 - - 220,000 220,000 |
2020 £ Unrestricted Capital Fund - - - - - - - (6,859) (319,847) (326,706) 3,840,068 3,513,362 |
2020 £ Unrestricted Total Funds 95,671 760 96,431 18,084 85,206 103,290 (6,859) - (319,847) (326,706) 4,060,068 3,733,362 |
|---|---|---|---|
There were no recognised gains or losses for 2020 other than those included in the statement of financial activities.
None of the Charity's activities were acquired or discontinued in the above financial year.
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