## ## ## |||||Page| |---|---|---|---|---| |Reference and administrative|details ofthe|Company,|its Trustees and advisers|| |Trustees'
report||||2-5| |Independent
examiner's
report||||6-7| |Statement offinancial
activities||||| |Balance sheet||||9-10| |Notes to the financial statements||||11-24| |Balance Sheet for Sir Garrard|Tyrwhitt-Drake|Will Trust||25| ## ## |Trustees||SF Knatchbull,|SF Knatchbull,|Chairman|Chairman|(appointed|6 July 2020)| |---|---|---|---|---|---|---|---| |||R.N. Hext|Esq., Chairman|||(resigned|6 July 2020)| |||J.Fletcher|Esq. M.A.||(Cantab. ), FCA||(resigned 19July 2021)| |||D.T.B.Wigg Esq.|||||| |||L.J.Martin|Esq.||||| |||S.A. Beck|Esq.||||| |||M Sharp|||||| |||M Startup|FCA||||| |||SJordan|||||| |||K A Moule|(appointed||19April 2021)||| |Company|registered||||||| |number||00500208|||||| |Charity registered|||||||| |number||208455|||||| |Registered|office|Victoria Court|||||| |||17-21 Ashford||Road|||| |||Maidstone|||||| |||Kent|||||| |||ME14 5DA|||||| |Company|secretary|M.H. Richards|||||| |Accountants||MHA Maclntyre||Hudson|||| |||Chartered
Accountants|||||| |||Victoria Court|||||| |||17-21 Ashford||Road|||| |||Maid stone|||||| |||Kent|||||| |||ME14 5DA|||||| |Bankers||National
Westminster|||Bank pic||| |||Maidstone|||||| |Solicitors||Whitehead|Monckton||||| |||Maidstone|||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Unrestricted|Total|Total| |---|---|---|---|---|---|---| |||||funds|funds|funds| |||||2021|2021|2020| ||||Note|f.||| |Income from:||||||| |investments||||168,818|168,818|225,009| |Other income||||1,702|1,702|1,331| |Total income||||170,520|170,520|226,340| |Expenditure
on:
Management
fees
Charitable
activities||||32,131
163,421|32,131
163,421|25,118
142,360| |Total expenditure||||195,552|195,552|167,478| |Net (expenditure)lincome
on investments||before net gains/(losses)||(25,032)|(25,032)|58,862| |Net gains/(losses)|on investments|||1,999,550|1,999,550|(1,154,941)| |Net movement
in|funds|||1,974,518|1,974,518|(1,096,079)| |Reconciliation
of|funds:|||||| |Total funds
brought
forward
Net movement
in funds||||6,514,613
1,974,518|6,514,613
1,974,518|7,610,692
(1,096,079)| |Total funds carried forward||||8,489,131|8,489,131|6,514,613| ||||Note||2021
E||2020f| |---|---|---|---|---|---|---|---| |Fixed assets
Tangible assets
Investments|||9
10||100
8,132,089||100
6,112,151| ||||||8,132,189||6 112251| |Current assets|||||||| |Debtors
Investments
Cash at bank and|in|hand||18,806
126,825
225,315||5,378
169,037
237,551|| |||||370,946||411,966|| |Creditors: amounts||falling due within one||(14,004)||(9,604)|| |year|||||||| |Net current assets|||||356,942||402,362| |Total net assets|||||8,489,131||6,514,613| |Charity funds|||||||| |Restricted
funds
Unrestricted
funds|||14
14||8,489,131||6,514,613| |Total funds|||||8,489,131||6,514,613| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |nvestment|income|||| |---|---|---|---|---| |||Unrestricted|Total|Total| |||funds|funds|funds| |||2021|2021|2020| |||E|E|| |Investment|income|168,723
95|168,723
95|224,549
460| |Bank interest||||| |||168,818|168,818|225,009| |Total 2021||||| |||225,009|225,009|| ## ## ## |||Unrestricted|Total|Total| |---|---|---|---|---| |||funds|funds|funds| |||2021|2021|2020| |||E|F|E| |Management|fee - Will Trust|702|702|1,115| |Compensation||1,000|1,000|216| |Total 2021||1,702|1,702|1,331| |Total 2020||1,331|1,331|| ## ||||Unrestricted|Total|Total| |---|---|---|---|---|---| ||||funds|funds|funds| ||||2021|2021|2020| ||||E|F|| |Investment|management|fees|32,131|32,131|25,118| |Total 2020|||25,118|25,118|| ## ## ## |||Total|Total| |---|---|---|---| ||Activities|funds|funds| ||2021|2021|2020| ||E|E|| |Donations (see note 13)|149,992|149,992|133,130| ||133,130|133,130|| ## |Analysis
of|support co|sts||||| |---|---|---|---|---|---|---| ||||||Total|Total| |||||Activities|funds|funds| |||||2021|2021|2020| |||||F|F|| |Accountancy
Independent
Secretarial|Fees re. Bookkeeping
examiners/
Auditors'
fees||remuneration|1,839
3,918
5,000
2,672|1,839
3,918
5,000
2,672|1,124
3,698
3,000
1,408| |Sundry||||||| |||||13429|13429|9,230| |Total 2021||||||| |||||9,230|9,230|| ## ## ## |Independent|examiner's
remu|neratio|n||||| |---|---|---|---|---|---|---|---| |||||||2021|2020| |||||||E.|E| |Fees payable
examination|to the Company's
of the Company's|independent
examiner
annual
accounts|||for the independent|3,918|3,698| ## ## ## ## ## ## ## ## |Fixed asset investments||| |---|---|---| |||Listed| ||investments|| |||F| |Cost or valuation
At 6 April 2020||6,112,151
608,673| |Additions
Disposals||(465,535)
1 876 800| |Revaluations||| |At 5 April 2021||8,132,089| |Net book value||| |At 5 April 2021||8,132,089| |At 5 April 2020||6,112,151| |Investments
at market value comprise:||| ||2021|2020| ||F|| |Listed investments|8,132,089|6,112,151| ||8,132,089|6,112,151| ## ## ## |Investments
and investment
inco|me||| |---|---|---|---| |||Market|| |||value at 5|| |||April 2021|Income| |Aberdeen
Asian Inc 52,000 Ord E1.765||118,040|8,324| |Alliance Trust pic 14,600 Ord 2.5p||136,510|2,099| |Alhanz Technology
Trust 9,600 Ord||265,440|| |Astrazeneca
pic 3,575 ord $0.25||207,988|6,003| |Aviva Group 23,200 Ord 25p|||3,016| |BAE Systems 12,000 Ord 2.5p|||2,785| |Barclays Pic 40,000 Ord 25p||73,600|400| |Barings Umbrella
Fund||66,118|| |BHP Billiton 7,320 Ord $0.50|||3,082| |BlackRock Smaller Cos Trust 10,000 Ord||175,800|3,250| |BlackRock Asset MGRS||80,418|1,182| |BP Pic 34,000 Ord $0.25||98,532|6,824| |British American Tobacco 2,500 25p Ord||67,888|3,945| |British Land Co pic 13,570 Ord 25p|||| |Card Factory 0 Ord|||| |Centrica Pic 0 Ord 6 14/81p|||| |Compass
Group 3,180 Ord||47,541|| |Co-operative
bank 10,554 Ord 5p|||| |Croda International
pic 1,10010.61p Ord||70,598|990| |Dechra Pharmaceuticals
pic||58,514|408| |Diageo pic 7,010 Ord 28 101/108p||210,791|4,898| |Findlay
Park Fds FP Amer Smir Cos GBP Hedg||166,240|| |Glaxo Smithkline
pic 9,700 Ord 25p||123,927|7,760| |Halma
5,000 Ord||121,900|841| |Heineken
Holdings
1,200 Ord||78,672|919| |Henderson
Stategic Bd
I (Gr) Inc|39,000 Ord|55,380|| |HICL infrastructure
Group 44,000 Ord||72,600|3,630| |Honeywell
international
Inc||47,347|169| |HSBC Holdings
16,561 Ord $0.50||70,086|| |Intertek
Group 1,060 Ord||60,632|1,121| |Jo Hambro
Capital Management|Ltd 76,047 A GBP DIS|145,553|1,813| |Janus Henderson|||1,982| |Legal 8 General Group pic 50,030 Ord 2.5p||141,835|8,790| |Link Fund Solutions
Ruffer Total|Ret Inc|110,589|150| |Lloyds Banking
Group 170,000 Ord 10p||72,709|| |M 8 G Optimal
incm
I inc 61,800|Ord|58,098|625| ## |TO THE FINANCIAL STATEMENTS
HE YEAR ENDED 5 APRIL 2021||||| |---|---|---|---|---| ||||77,146|1,072| |M 8 G Securities||||734| |M & G investment|||46,610|89| |Microsoft Corp
Mid Wynd international
30,000 Ord
Monks
inv Trust pic 15/12/09 20,000 Ord 5p
Morrison
Supermarkets
pic 30,000 Ord 10p
Newton
Global Dynamic
Bd W Inc 54,000|||218,400
274,400
54,435
52,380
97,368|1,866
500
3,264| |Next 1,200 Ord
Pennon
Group 5,400 Ord|||52,985
127,008|1,992
9,870| |Persimmon
pic 4,200 Ord 10p
Polar Capital Global 107,700
Polar Capital Technology
Trust 13,000|||168,820
289,900
105,502|4,739
1,701| |Prudential
pic 6,800 Ord 5p|||58,53T|1,458| |RELX 3,190 Ord|||161,660|8,768| |Rio Tinto 2,950 Ord 10p
Royal Dutch Shell 10,000 Bshares EUR 0.07
Royal London Short Duration
105,000 Ord|||133,540
116,130
34,356|4,921
2,519
173| |S&P Global inc||||828| |Schlumberger
0 Ord||||638| |Schindler
Holdings
AG
Scottish 8 Southern
Enegery
pic 6,500 Ord 50p
Scottish American
Inv Co pic 20,000 25p Ord
Scottish Mortgage Trust pic 33,400 Ord 5p
SL Inv Grade Corporate
Bond
I Inc 218,772|||94,T05
92,200
388,776
123,343
85,400|5,226
1,800
1,106
1,628| |Spectris 2,500 Ord
Standard
Life Aberdeen
11,025 Ord
Threadneedle
UK Corp Bond 2 lnc 119,724
TR Property
Investment
Trust|||32,402
127,518
59,250
181,996|2,381
2,780
780
6,705| |Unilever
pic 4,525 Ord 3 1/9p|||67,440|1,384| |Victrex 3,000 Ord|||48,874|154| |Visa Inc|||53,464|3,224| |Vodafone Group pic Ord
Worldwide
Healthcare
Trust 10,700 Ord 25p|||309,175
319,800|1,350| |Nav 40,000
0 Ord 25p
Baillie Gif Jap 30,000 5p Ord
Nestle SA 1,960 regd CHF1
Legg Manson
lnv Fds US Equity income XAcc
Schindler
Holdings
AG 320 CHF 0.10
Siemens AG (Regd) 750
Kentstone
Properties
pic 32,000 Ord 50p shares
Templeton
Emerg Mark Investment
Trust 15,00
Treasury Stock 171,000 2029 0.125'/0|||158,878
132,480
68,240
89,576
80,000
153,300
267,?97
124,952|2,821
2,450
1,681
2,560
4,350
265
1,590| |Severn Trent 100,000||||| |||||Page 19| ## ||4,350| |---|---| |8,132,089|168,723| ## |||||Market| |---|---|---|---|---| ||||Holding|Value| |||||E| |Barings Umbrella
Fund|||610|69,784| |Blackrock Asset MGRS|||52,000|82,472| |Dechra Pharmaceuticals|||1,?00|50,441| |Honeywell
International|Inc||300|43,932| |Link Fund Solutions
Ruffer Total||Ret inc|30,000|98,179| |MBG Securities|||73,000|80,285| |Microsoft Cop|||260|46,199| |S&P Global lnc|||130|36,028| |TR Property
Investment|Trust||15,000|52,000| |Visa Inc|||310|46,896| |Jo Hambro
Capital Management||Ltd||7| |Legg Mason
lnv Fds US Equity||income XAcc Nav||2,450| ||||173,310|608,673| ## ## ## |During the year, the trus|t made|the following
i|nvestment
disposals|:|| |---|---|---|---|---|---| |||Holding|Sale Proceeds
E|Valuation
E|Profit/Loss
E| |Astrazeneca
pic
Aviva Group
BAE Systems
BHP Billiton
British Land CO pic
Worldwide
Healthcare
M 8 G Optimal
Income
Siemens AG (Regd)
Tesco personal
finance|Trust
Inc
5%|675
23,200
12,000
7,320
13,570
2,400
6,800
375
87,000|57,163
79,345
56,833
149,567
52,237
87,367
11,211
7,562
87,000|48,222
54,195
60,000
90856
42,678
67,560
7,439
7,178
87,407|8,941
25,150
(3,167)
58,711
9,559
19,807
3,772
384
(407)| |Totals|||588,285|465,535|122,750| ## |Debtors||||| |---|---|---|---|---| ||||2021|2020| |||||E| |Due after more than
Other debtors||one year|12,500|| ||||12,500|| |Due within one year
Other debtors
Prepayments
and accrued income|||2,882
3,424|2,180
3,198| ||||18,806|5,378| |Creditors: Amounts||falling due within one year||| ||||2021|2020| ||||F|| |||||92| |Trade creditors
Accruals and deferred||income|14,004|9,512| ||||14,004|9,604| ## ## ## ## |Schedule ofdonations||||| |---|---|---|---|---| ||||2021|2020| |||||E| |1st Maidstone
Boys Brigade 8 2nd Maidstone||Girls Brigade||500| |Abigail's Footsteps|||3,300|| |Asthma
Relief|||1,900|| |Blackthorn
Trust|||3,558|2,325| |British Red Cross in Maidstone||||4,838| |Broornfield
PCC St Margaret's||||(3,000)| |Citizens
Rights for Older People|||1,000|| |Compaid|||5,000|3,000| |Connect Church
Maidstone||||805| |Countryside
Alliance
Foundation|||3,380|3,380| |Demelza
Hospice Care for Children|||1,900|| |East Farleigh Pre-School|||756|| |Ellenor Lions Hospice|||2,337|| |Fusion Maidstone||||1,200| |Hamlet Wood Scout Campsite|||2,500|| |Heart of Kent Hospice|||15,000|5,000| |Hi Kent|||4,556|3,931| |Holy Cross PCC||||10,000| |Homeless
Maidstone|||5,000|5,000| |Howard
de Walden
Hostel Charity|||5,000|| |Howard
Warden
Centre|||4,422|| |Include Kent (VB Maidstone)||||5,000| |Kent Association
for the Blind||||2,000| |Kent County
Playing
Fields Association|||1,080|1,080| |Kent Digital Media Group|||2,000|| |Kent Wildlife Trust|||1,000|| |Kenward
Trust re: Outreach
Project||||3,404| |Lifelites Ordinary|||34,365|| |Macmillan
Cancer Care|||2,000|| |Maidstone
and Medway Cruse|Bereavement|Care|1,075|1,410| |Maidstone
8 Mid Kent Mind|||2,000|| |Maidstone
Baptist Church||||760| |Maidstone
Citizens Advice Bureau||||4,879| |Maidstone
District Scout Council||||1,700| |Maidstone
Girlguiding
Mid Kent Division||||1,600| |Maidstone
Mencap Charitable|Trust||2,093|5,000| |Maidstone
Winter Shelter|||5,000|5,000| |S TO THE FINANCIAL
STATEMENTS
HE YEAR ENDED 5APRIL 2021||| |---|---|---| |Making
A Difference
Maidstone
Oakwood
Park Community
Group
Rainbow Trust Children's
Charity
Relate
in Kent|5,000
2,500
2,720|5,000
2,000
1,245
2,673| |Revitalize
Royal British Legion Industries
Shepway
Chariots
Space2BeMe|5,000
(3,000)|5,000
3,000
3,000
5,000| |Spadework
St Luke's Maidstone
Scout Group
St Mary's
Hunton
PCC
St Nicholas
Church
Teenage Cancer Trust
The KM Charity Team
Vinters Valley Park Trust
Wild Times
Young Lives
Young Farmers|3,000
3,000
5,000
2,050
2,500
12,000|3,500
6,000
12,000
15,900| ||149,992|133,130| ## ## |Statement
|Statement
|of|funds|||||||| |---|---|---|---|---|---|---|---|---|---|---| |Statement||of|funds - current year|||||||| ||||Balance at 6||||||Gains/|Balance at 5| ||||April 2020||Income|Expenditure|(Losses)|||April 2021| |||||E|E|F||||F| |Unrestricted||funds||||||||| |General|Funds||6,514,613||170,520|(195,552)|1,999,550|||8,489,131| |Statement||of|funds - prior year|||||||| ||||Balance at||||||Gainsl|Balance at| ||||6|April 2079|(ncome
E|Expenditure|(Losses)|||5 April 2020f| |Unrestricted|||funds|||||||| |General|Funds|||7,610,692|226,340|(167,478)|(1,|I|54,941)|6,514,613| ## ## |BALANCE SHEET FOR SIR GARRARD TYRWHITT-DR|KE|||| |---|---|---|---|---| |||2021||2020| |||F||F| |ESTATE ACCOUNT
- UNRESTRICTED FUNDS||1,883,635||1,513,464| |INCOME ACCOUNT||||| |COBTREE CHARITY TRUST LIMITED
Balance at 6 April 2020|2, 180
702||1,065
1,115|| |Share of income
Balance at 5 April 2021||2,882||2,180| |MAIDSTONE BOROUGH COUNCIL
Balance at 5 April 2020
Share of income|43,483
27,351
70,844||41,526
43.453
85,009|| ||||(43,526)|| |Less: withdrawals
Balance at 5 April 2021||27,361||43,483| |||1,913,878||1,559,127| |REPRESENTED BY:||||| |ESTATE ACCOUNT
Investments
Investments
cash deposits
Amount
due from Income Account||1,800,268
29,850
53,517||1,416,856
44,929
51,679| |INCOME AC CO UN T
Amount
due to Capital Account
Cash at Bank
Other Debtors
Less: Other Creditors|(53,5'I 7)
86,385
1,700
(4,325)|30,243|(51,679)
99,344
1,700
(3,702)|45,663| |||1,913,878||1,559,127|