| Page | |||
|---|---|---|---|
| Reference and administrative | details ofthe Company„ its Trustees and advisers | ||
| Trustees' report |
2-7 | ||
| Independent auditor's |
report | on the financial statements | 8-12 |
| Statement offinancial |
activities | ||
| Balance sheet | 14 | ||
| Notes to the financial | statements | 15-29 |
| Trustees | J Connell | ||||
|---|---|---|---|---|---|
| R C C Temple | |||||
| LJ N Morrocco | |||||
| N Jobst | |||||
| A Courtenay-Mayers | |||||
| J Thorold, Co-Chairman |
|||||
| BBeatley | |||||
| D Bethge | |||||
| A W H Gibbs, | Joint | Treasurer | |||
| C R Glanville, | Joint | Treasurer | |||
| Z D Glanville | (Deceased 10September 2021) | ||||
| M J K Planidin | |||||
| Company | registered | ||||
| number | 00555631 | ||||
| Charity registered | |||||
| number | 207480 | ||||
| Registered | office | 14th Floor | |||
| 33 Cavendish | Square | ||||
| London | |||||
| W1G OPW | |||||
| Company | secretary | R C C Temple | |||
| Independent | auditor | Simmons Gainsford |
LLP | ||
| Chartered Accountants |
|||||
| 14th Floor | |||||
| 33 Cavendish | Square | ||||
| London | |||||
| W1G OPW | |||||
| Bankers | National Wesminster |
Bank Plc | |||
| 46 Notting Hill |
Gate | ||||
| London | |||||
| W11 3HZ |
| Unrestricted | Total | Total | ||||
|---|---|---|---|---|---|---|
| funds | funds | funds | ||||
| 2021 | 2021 | 2020 | ||||
| Note | E | |||||
| Income from: | ||||||
| Donations and |
legacies | 80,582 | 80,582 | 309,640 | ||
| Investments | 73,858 | 73,858 | 77,452 | |||
| Total income | 154,440 | 154,440 | 387,092 | |||
| Expenditure on: |
||||||
| Raising funds | 12,861 | 12,861 | 19,222 | |||
| Charitable activities |
190,792 | 190,792 | 198,817 | |||
| Total expenditure | 203,653 | 203,653 | 218,039 | |||
| Net movement | in funds before other recognised | |||||
| gains | (49,213) | (49,213) | 169,053 | |||
| Other recognised | gains: | |||||
| Gains on revaluation | of fixed assets | 180,000 | 180,000 | |||
| Net movement | in funds | 'I30,787 | 130,787 | 169,053 | ||
| Reconciliation | offunds: | |||||
| Total funds brought |
forward | 8,905,310 | 8,905,310 | 8,736,257 | ||
| Net movement | in funds | 130,787 | 130,787 | 169,053 | ||
| Total funds carried | forward | 9,036,097 | 9,036,097 | 8,905,310 |
| BALANCE SHEET | BALANCE SHEET | ||||||
|---|---|---|---|---|---|---|---|
| AS AT 31 MARCH 2021 | |||||||
| 2021 | 2020 | ||||||
| Note | |||||||
| Fixed assets | |||||||
| Tangible assets | 12 | 5,194,063 | 5,194,758 | ||||
| Heritage assets | 14 | 16,200 | 16,200 | ||||
| Investment property |
13 | 3,400,000 | 3,220,000 | ||||
| 8,610,263 | 8,430,958 | ||||||
| Current assets | |||||||
| Debtors | 15 | 15,044 | 19,626 | ||||
| Investments | 16 | 295,558 | 292,297 | ||||
| Cash at bank and | in | hand | 126,241 | 170,931 | |||
| 436,843 | 482,854 | ||||||
| Creditors: amounts | falling due within one | ||||||
| year | 17 | (11,009) | (8,502) | ||||
| Net current assets | 425,834 | 474,352 | |||||
| Total net assets | 9,036,097 | 8,905,310 | |||||
| Charity funds | |||||||
| Unrestricted funds |
18 | 9,036,097 | 8,905,310 | ||||
| Total funds | 9,036,097 | 8,905,310 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2021 | 2021 | 2020 | |
| F | |||
| Donations | 75,582 | 75,582 | 144,856 |
| Legacies | 5,000 | 5,000 | 164,784 |
| Total 2021 | 80,582 | 80,582 | 309,640 |
| Total 2020 | 309,640 | 309,640 |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2021 | 2021 | 2020 | |||
| E | |||||
| Investment | income | —rental income | 70,537 | 70,537 | 74,608 |
| Investment | income | —Interest receivable | 3,321 | 3,321 | 2,844 |
| Total 2021 | 73,858 | 73,858 | 77,452 | ||
| Total 2020 | 77,452 | 77,452 |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2021 | 2021 | 2020 | |||
| F | f, | E | |||
| Expenditure | on investment | management | 12,861 | 12,861 | 19,222 |
| Total 2020 | 19,222 | 19,222 |
| Grants to | Total | Total | |
|---|---|---|---|
| Institutions | funds | funds | |
| 2021 | 2021 | 2020 | |
| f, | E | ||
| Donations | 5,631 | ||
| Total 2020 | 5,631 | 5,631 |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2021 | 2021 | 2020 | |||
| F | E | ||||
| Study & international |
costs | 40,757 | 40,757 | 66,044 | |
| Property expenses | 130,880 | 130,880 | 107,755 | ||
| Charity management | 4,775 | 4,775 | 5,915 | ||
| Professional | fees | 14,380 | 14,380 | 19,103 | |
| Total 2021 | 190,792 | 190,792 | 198,817 | ||
| Total2020 | 198,817 | 198,817 |
| Activities | Grant | Grant | |||||
|---|---|---|---|---|---|---|---|
| undertaken | funding | of | Total | Total | |||
| directly | act.ivit:ies | funds | funds | ||||
| 2021 | 2021 | 2021 | 2020 | ||||
| E | |||||||
| Study 8 International | costs | 40,757 | 40,757 | 66,044 | |||
| Property expenses | 130,880 | 130,880 | 107,755 | ||||
| Charity management | 4,775 | 4,775 | 5,915 | ||||
| Governance | costs | 14,380 | 14,380 | 19,103 | |||
| Total 2021 | 190,792 | 190,792 | 198,817 | ||||
| Total 2020 | 193,186 | 5,631 | 198,817 |
| Study | 8 | ||||||
|---|---|---|---|---|---|---|---|
| International | Property | Charity | Governance | Total | Total | ||
| costs | expenses | management | Costs | funds | funds | ||
| 2021 E |
2021 f, |
2021 E |
2021 | 2021 F |
2020f | ||
| Staff costs | 39,655 | 6,552 | 46,207 | 45,032 | |||
| Depreciation | 695 | 695 | 6,289 | ||||
| Travel | 79 | 79 | 93 | ||||
| International | |||||||
| contributions | 6,386 | ||||||
| Events and | |||||||
| expenditure | 328 | 328 | 9,165 | ||||
| Light & heat | 13,930 | 13,930 | 12,452 | ||||
| Rates | 43,820 | 43,820 | 42,402 | ||||
| Insurance | 16,058 | 'I6,058 | 16,941 | ||||
| Bank charges | 293 | 293 | 357 | ||||
| Household | |||||||
| expenses | 11,197 | 11,197 | 24,519 | ||||
| General admin |
|||||||
| fees | 828 | 7,535 | 8,363 | 9,587 | |||
| Telephone 8 |
|||||||
| internet 8 |
|||||||
| computer | 783 | ||||||
| Printing, postage |
|||||||
| 8 stationery | 3,947 | 3,947 | 3,623 | ||||
| Other expenses | 706 | ||||||
| Repairs and | |||||||
| maintenance | 45,875 | 45,875 | 11,441 | ||||
| Legal fees | 3,410 | ||||||
| Total 2021 | 40,757 | 130,880 | 4,775 | 14,380 | 190,792 | 193,186 | |
| Total 2020 | 60,413 | 107,755 | 5,915 | 19,103 | 193,186 |
| Staff costs | |||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| E | |||||
| Wages and | salaries | 39,655 | 38,480 | ||
| Contribution | to defined | contribution | pension schemes | 6,552 | 6,552 |
| 46,207 | 45,032 |
| 2021 | 2020 |
|---|---|
| No. | No. |
| Freehold | Fixtures and | ||
|---|---|---|---|
| property | fittings | Total | |
| E | F | ||
| Cost or valuation | |||
| At 1 April 2020 | 5,192,667 | 186,842 | 5,379,509 |
| At 31 March 2021 | 5,192,667 | 186,842 | 5,379,509 |
| Depreciation | |||
| At 1 April 2020 | 184,751 | 184,751 | |
| Charge for the year | 695 | 695 | |
| At 31 March 2021 | 185,446 | 185,446 | |
| Net book value | |||
| At 31 March 2021 | 5,192,667 | 1,396 | 5,194,063 |
| At 31 March 2020 | 5,192,667 | 2,091 | 5,194,758 |
| Freehold | ||||||
|---|---|---|---|---|---|---|
| investment | ||||||
| property | ||||||
| E | ||||||
| Valuation | ||||||
| At 1 April | 2020 | 3,220,000 | ||||
| Impairment | reversal | 180,000 | ||||
| At 31 March | 2021 | 3,400,000 | ||||
| Comprising | ||||||
| Cost | 24,050 | |||||
| Annual | revaluation | surplus/(deficit) | ||||
| 2010 | 1,975,950 | |||||
| 2011 | 1,250,000 | |||||
| 2014 | 1,250,000 | |||||
| 2018 | (1,000,000) | |||||
| 2019 | (280,000) | |||||
| 2021 | 180,000 | |||||
| 3,400,000 | ||||||
| Heritage | assets | |||||
| Assets | recognised | at cost | ||||
| Heritage | ||||||
| asset I | Total | |||||
| 2021 | 2021 | |||||
| E | ||||||
| Carrying | value at 1 | April 2020 | 16,200 | 16,200 |
| 2021 | 2020 | ||
|---|---|---|---|
| f. | f, | ||
| Due within | one year | ||
| Other debtors | 2,126 | 2,162 | |
| Prepayments | and accrued income | 4,828 | 6,165 |
| Tax recoverable | 8,090 | 11,299 | |
| 15,044 | 19,626 |
| Current | asset inves | tments | ||
|---|---|---|---|---|
| 2021 | 2020 | |||
| E | ||||
| Unlisted | investments | (liquid) | 295,558 | 292,297 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| E | ||||
| Trade creditors | 297 | |||
| Other taxation | and social security | 5 | ||
| Other creditors | 3,262 | 3,262 | ||
| Accruals and deferred |
income | 7,445 | 5,240 | |
| 11,009 | 8,502 |
| Balance at | |||||||
|---|---|---|---|---|---|---|---|
| Balance at 1 | Gains/ | 31 March | |||||
| April 2020 | Income | Expenditure | (Losses) | 2021 | |||
| E | E | E | f. | ||||
| Unrestricted | funds | ||||||
| Designated | funds | ||||||
| Designated | Funds - | all funds | 3,195,950 | 180,000 | 3,375,950 | ||
| General funds | |||||||
| General Funds - all |
funds | 5,709,360 | 154,440 | (203,653) | 5,660,147 | ||
| Total Unrestricted | funds | 8,905,310 | 154,440 | (203,653) | 180,000 | 9,036,097 | |
| Statement | offunds | - prior year | |||||
| Balance at | |||||||
| Balance at. | 31 March | ||||||
| 1 April 2019 | Income | Expenditure | 2020 | ||||
| f. | |||||||
| Unrestricted | funds | ||||||
| Designated | funds | ||||||
| Designated | Funds - | all funds | 3,195,950 | 3,195,950 | |||
| General funds | |||||||
| General Funds - all |
funds | 5,540,307 | 387,092 | (218,039) | 5,709,360 | ||
| Total Unrestricted | funds | 8,736,257 | 387,092 | (218,039) | 8,905,310 |
| Summary |
offunds -cur |
rent year | ||||
|---|---|---|---|---|---|---|
| Balance ai | ||||||
| Balance at 1 | Gains/ | 31 March | ||||
| April 2020 | Income | Expenditure | (Losses) | 2021 | ||
| E | P | |||||
| Designated | funds | 3,195,950 | 180,000 | 3,375,950 | ||
| General funds | 5,709,360 | 154,440 | (203,653) | 5,660,147 | ||
| 8,905,310 | 154,440 | (203,653) | 180,000 | 9,036,097 |
| Summary | offunds - prior year |
||||
|---|---|---|---|---|---|
| Balance at | |||||
| Balance at | 31 March | ||||
| 1 April 2019 | Income | Expenditure | 2020 | ||
| f, | F | E | |||
| Designated | funds | 3,195,950 | 3,195,950 | ||
| General funds | 5,540,307 | 387,092 | (218,039) | 5,709,360 | |
| 8,736,257 | 387,092 | (218,039) | 8,905,310 |
| Analysis | ofnet assets between funds - current ye |
ar | ||
|---|---|---|---|---|
| Unrestricted | Total | |||
| funds | funds | |||
| 2021 | 2021 | |||
| E | ||||
| Tangible | fixed assets | 5,194,063 | 5,194,063 | |
| Investment | property | 3,400,000 | 3,400,000 | |
| Heritage | assets | 16,200 | 16,200 | |
| Current | assets | 436,843 | 436,843 | |
| Creditors | due within one year | (11,009) | (11,009) | |
| Total | 9,036,097 | 9,036,097 |
| Analysis Analysis |
of net assets between funds (continued) of net assets between funds - prior year |
|||
|---|---|---|---|---|
| Unrestricted | Total | |||
| funds | funds | |||
| 2020 | 2020 | |||
| F | ||||
| Tangible | fixed assets | 5,194,758 | 5,194,758 | |
| Investment | property | 3,220,000 | 3,220,000 | |
| Heritage | assets | 16,200 | 16,200 | |
| Current | assets | 482,854 | 482,854 | |
| Creditors | due within one year | (8,502) | (8,502) | |
| 8,905,310 | 8,905,310 |