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||||Page|
|---|---|---|---|
|Reference and administrative||details ofthe charity, its Trustees and advisers||
|Trustees'
report|||2-4|
|Independent
auditor's|report|on the financial statements|5-8|
|Statement offinancial|activities|||
|Balance sheet|||10|
|Notes to the financial|statements||11-19|
|for the ye|ar ended 31|
December 2020|
December 2020|,||
|---|---|---|---|---|---|
|Trustees||DrJA Scott, Chairman||(until|November 2019)|
|||Professor SPalmer||||
|||Professor JJones, Chairman|||(from November 2019)|
|||Mr S Prendiville||||
|||Professor J Durell||||
|||Professor A Augousti||||
|||Mrs KGoldstone||||
|Charity registered||||||
|number||209746||||
|Principal|office|37Caledonian
Road||||
|||London||||
|||N1 9BU||||
|Independentauditor||Kreston Reeves LLP||||
|||Chartered
Accountants||||
|||Montague
Place||||
|||Quayside||||
|||Chatham
Maritime||||
|||Chatham||||
|||Kent||||
|||ME4 4QU||||
|Bankers||Barclays Bank PLC||||
|||Maidstone
2||||
|||Leicester||||
|||LE872BB||||
|Investment|managers|Savills Investment
33Margaret Street|Management||(UK) Limited|
|||London||||
|||W1G OJD||||
|||Vanguard
Investments||UK Limited||
|||PQ Box10315||||
|||Chelmsford||||
|||CM99 2AT||||
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
|||Note|2020f|2020f|2020f|2019f|
|Income from:|||||||
|Donations
and legacies|||11,570||11,570|103,114|
|Investments|||30,934||30,934|45,523|
|Total income|||42,504||42,504|148,637|
|Expenditure
on:|||||||
|Charitable
activities|||54,146||54,146|76,585|
|Total expenditure|||54,146||54,146|76,585|
|Net (expenditure)/income|before net||||||
|gains on investments|||(11,642)||(11,642)|72,052|
|Net gains on investments|||109,557||109,557|91,599|
|Net income|||97,915||97,915|163,651|
|Transfers
between funds||12|(1,300)|1,300|||
|Net movement
in funds|||96,615|1,300|97,915|163,651|
|Reconciliation
offunds:|||||||
|Total funds brought
forward|||1,622,558|100,000|1,722,558|1,558,907|
|Net movement
in funds|||96,615|1,300|97,915|163,651|
|Total funds carried forward|||1,719,173|101,300|1,820,473|1,722,558|
##
|||||2020||2019|
|---|---|---|---|---|---|---|
|||Note||6|||
|Fixed assets|||||||
|Investments||||1,690,372||1,580,815|
|||||1,690,372||1,580,815|
|Current assets|||||||
|Debtors: amounts|falling due after more than||||||
|one year||10|18,500||||
|Debtors: amounts|falling due within one year|10|||4,145||
|Cash at bank and|in hand||115,801||141,797||
||||134,301||145,943||
|Creditors: amounts|falling due within one||||||
|year||11|(4,200)||(4,200)||
|Net current assets||||130,101||141,743|
|Total net assets||||1,820,473||1,722,558|
|Charity funds|||||||
|Restricted funds||12||101,300||100,000|
|Unrestricted
funds||12||1,719,173||1,622,558|
|Total funds||||1,820,473||1,722,558|
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||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|
||funds|funds|funds|funds|
||2020
9|2020
0|2020f|2019
5|
|Donations|11,570||11,570|3,114|
|Legacies||||100,000|
||11,570||11,570|103,114|
|Total 2019|3,114|100,000|103,114||
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||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2020
5|2020|2019f|
|Income from listed investments|30,934|30,934|45,523|
|Total 2019|45,523|45,523||
##
||Grants to|Total|Total|
|---|---|---|---|
||Individuals|funds|funds|
||2020|2020|2019|
||||6|
|Grants to individuals|39,801|39,801|55,963|
|Total 2019|55,963|55,963||
##
||Grant||||
|---|---|---|---|---|
||funding of|Support|Total|Total|
||activities|costs|funds|funds|
||2020|2020|2020|2019|
||6|6|||
|Support costs||14,345|14,345|20,622|
|Grants|39,801||39,801|55,963|
||39,801|14,345|54,146|76,585|
|Total 2019|55,963|20,622|76,585||
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|||||||Total|Total|
|---|---|---|---|---|---|---|---|
||||||Activities|funds|funds|
||||||2020|2020|2019|
|||||||6|6|
|Legal and|professional||fees||35|35|3,029|
|Trustees'|and|officers'|expenses||171|171|2,043|
|Bank charges|||||78|78|137|
|Management||and administration||costs|9,861|9,861|11,213|
|Auditors'|remuneration||||4,200|4,200|4,200|
||||||14,345|14,345|20,622|
|Total 2019|||||20,622|20,622||
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||Listed|
|---|---|
||investments|
||6|
|Cost or valuation||
|At 1 January 2020|1,580,815|
|Revaluations|109,557|
|At 31 December 2020|1,690,372|
|Net book value||
|At 31 December 2020|1,690,372|
|At 31 December 2019|1,580,815|
##
|||2020|2019|
|---|---|---|---|
|||6|F|
|Due after more than one year||||
|Interest free|loans|18,500||
|||2020|2019|
|Due within|one year|||
|Prepayments|and accrued income||4,146|
##
|2020|2019|
|---|---|
|E||
|4,200|4,200|
##
|||||||Balance at|
|---|---|---|---|---|---|---|
||Balance at 1|||||31|
||January|||Transfers|Gainsl|December|
||2020
6|Income
8|Expenditure|in/out|(Losses)|2020
6|
|Unrestricted|||||||
|funds|||||||
|General
Fund|1,564,278|42,504|(54,146)|16,165||1,568,801|
|Investment|||||||
|Revaluation|||||||
|Reserve|58,280|||(17,465)|109,557|150,372|
||1,622,558|42,504|(54,146)|(1,300)|109,557|1,719,173|
|Restricted|||||||
|funds|||||||
|Roland Dobbs|||||||
|Bursary Fund|100,000|||1,300||101,300|
|Total offunds|1,722,558|42,504|(54,146)||109,557|1,820,473|
##
|Statement offun|ds - prior year||||||
|---|---|---|---|---|---|---|
|||||||Balance at|
||Balance at|||||31|
||1 January|||Transfers|Gains/|December|
||2019|Income|Expenditure|in/out|(Losses)|2019|
|||6|6|6|||
|Unrestricted|||||||
|funds|||||||
|General
Fund|1,493,333|48,637|(76,585)|98,893||1,564,278|
|Investment|||||||
|Revaluation|||||||
|Reserve|65,574|||(98,893)|91,599|58,280|
||1,558,907|48,637|(76,585)||91,599|1,622,558|
|Restricted|||||||
|funds|||||||
|Roland Dobbs|||||||
|Bursary Fund||100,000||||100,000|
|Total offunds|1,558,907|148,637|(76,585)||91,599|1,722,558|
##
##
|Summary
offun|ds - current year||||||
|---|---|---|---|---|---|---|
|||||||Balance at|
||Balance at 1|||||31|
||January|||Transfers|Gains/|December|
||2020
6|Income
8|Expenditure
6|in/out
K|(Losses)
8|2020
6|
|General funds|1,622,558|42,504|(54,146)|(1,300)|109,557|1,719,173|
|Restricted funds|100,000|||1,300||101,300|
||1,722,558|42,504|(54,146)||109,557|1,820,473|
|Summary offunds -prior year|||||||
|||||||Balance at|
||Balance at|||||31|
||1 January|||Transfers|Gains/|December|
||2019|Income|Expenditure
6|in/out
8|(Losses)|2019f|
|General funds|1,558,907|48,637|(76,585)||91,599|1,622,558|
|Restricted funds||100,000||||100,000|
||1,558,907|148,637|(76,585)||91,599|1,722,558|
##
|Analysis ofnet assets between funds - current|period|||
|---|---|---|---|
||Unrestricted|Restricted|Total|
||funds|funds|funds|
||2020|2020|2020|
||6|8|5|
|Fixed asset investments|1,690,372||1,690,372|
|Debtors due after more than one year|18,500||18,500|
|Current assets|14,501|101,300|115,801|
|Creditors due within one year|(4,200)||(4,200)|
|Total|1,719,173|101,300|1,820,473|
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||Unrestricted|Restricted|Total|
|---|---|---|---|
||funds|funds|funds|
||2019|2019|2019|
|||6|6|
|Fixed asset investments|1,480,815|100,000|1,580,815|
|Current assets|145,943||145,943|
|Creditors due within one year|(4,200)||(4,200)|
|Total|1,622,558|100,000|1,722,558|
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