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||Page|
|---|---|
|Legalandadministrativeinformation||
|Trustees'report||
|Statementoftrustees'responsibilities|7|
|Independentexaminer'sreport|8|
|Statementoffinancialactivities||
|Statementoffinancialposition|10|
|Statementofcashflows|11|
|Notestotheaccounts|12-18|





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|Trustees|MrARMacdonald-Buchanan(Chairman)||
|---|---|---|
||MrHJMacdonald-Buchanan||
||MrsJCLascelles||
||MissCMLascelles|(Appointed18August2021|
|Charitynumber|209994||
|Registeredoffice/addressforappeals|RathboneTrustCompanyLimited||
||8FinsburyCircus||
||London||
||EC2M7AZ||
|Independentexaminer|DavidMatkinsFCA||
||BournerBullockChartered Accountants||
||114StMartin'sLane||
||CoventGarden||
||London||
||WC2N4BE||
|Solicitors|Currey&Co||
||33QueenAnneStreet||
||London||
||W1G9HY||
|InvestmentadvisorsIbankers|RathboneInvestmentManagementLimited||
||8FinsburyCircus||
||London||
||EC2M7AZ||
||UK||





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|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|<br>funds|
|||2021|<br>2020|
||Notes|<br>£|<br>£|
|Incomefrom:||||
|Donation|3|-|<br>28|
|Investmentincome|4|143,143|<br>119,443|
|Otherincome|5|869|<br>(2,258)|
|Totalincome||144,012|<br>117,213|
|Expenditureon:||||
|Raisingfunds|6|12,716|<br>10,978|
|Charitableactivities|7|119,218|<br>88,824|
|Totalresourcesexpended||131,934|<br>99,802|
|Netexpenditurebeforeinvestmentgains/(losses)||12,078|<br>17,411|
|Netgains/(losses)oninvestments|12|242,974|<br>3,404|
|Netmovementinfunds||255,052|<br>20,815|
|Fundbalancesat1January2021||4,369,595|<br>4,348,780|
|Fundbalancesat31December2021||4,624,647|<br>4,369,595|





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|||2021|2021||2020||
|---|---|---|---|---|---|---|
||Notes|£|£|£||£|
|Fixedassets|||||||
|Investments|13||4,213,186|||4,125,963|
|Currentassets|||||||
|Debtors|14|136,719||1,697|||
|Cashatbankandinhand||||255,495|||
|||||257,192|||
|Creditors:amountsfallingduewithin|||||||
|oneyear|15|(41,140)|||||
|Netcurrentassets||||||243,632|
|Totalassetslesscurrentliabilities|||4,624,647|||4,369,595|
|Incomefunds|||||||
|Unrestrictedfunds|||4,624,647|||4,369,595|
|||||||4,369,595|
|TheaccountswereapprovedbytheTrusteeson-9..............|||Z6V,||||





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|||2021||2020||
|---|---|---|---|---|---|
||Notes|£|£|£|£|
|Cashflowsfromoperatingactivities||||||
|Cashabsorbedbyoperations|18||(239,476)||(99,510)|
|Investingactivities||||||
|Purchaseofinvestments||(1,130,140)||(539,673)||
|Proceedsondisposalofinvestments||1,364,744||513,298||
|Investmentincomereceived||139,075||118,363||
|Netcashgeneratedfrominvesting||||||
|activities|||373,679||91,988|
|Netcashusedinfinancingactivities|||-||-|
|Netincrease/(decrease)incashandcash||||||
|equivalents|||134,203||(7,522)|
|Cashandcashequivalentsatbeginningofyear|||341,571||349,093|
|Cashandcashequivalentsatendofyear|||475,774||341,571|
|Relatingto:||||||
|Cashatbankandinhand|||315,882||255,495|
|Shorttermdepositsincludedincurrent||||||
|assetinvestments|||159,892||86,076|





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||2021|2020|
|---|---|---|
||£|£|
|Donations|-|28|





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|||2021|2020|
|---|---|---|---|
|||£|£|
||Incomefromlistedinvestments|120,282|92,744|
||Unittrustinterest|1,930|7,475|
||REIT|4,325|3,425|
||Overseasdividendincome|14,385|16,919|
||Overseasinterest|3,089|-|
|||144,011|120,563|
||Less:Overseastaxdeducted|(868)|(1,120)|
|||143,143|119,443|
|5|Otherincome|||
|||2021|2020|
|||£|£|
||Bankinterest|-|302|
||Accruedinterest(charge)|869|(2,560)|
|||869|(2,258)|
|6|Raisingfunds|||
|||2021|2020|
|||£|£|
||Investmentmanagement|12,716|10,978|
|||12,716|10,978|
|7|Charitableactivities|||
|||2021|2020|
|||£|£|
||Grantspayable(seenote8)|102,500|75,000|
||Governancecosts(seenote9)|16,718|13,824|
|||119,218|88,824|





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|2021|2020|
|---|---|
|£|£|
|102,500|75,000|



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|Supportcosts||||||
|---|---|---|---|---|---|
||Support|Governance|2021|2020|Basisof|
||costs|<br>costs|||allocation|
||£|<br>£|£|£||
|Legalfees|-|<br>3,000|3,000|-||
|Trustadministrationfee|-|<br>12,000|12,000|12,000|Governance|
|Independentexaminers'fee|-|<br>1,718|1,718|1,824|Governance|
||-|<br>16,718|16,718|13,824||



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||2021|2020|
|---|---|---|
||£|£|
|Revaluationofinvestments|242,913|96,630|
|Gain/(loss)onsaleofinvestments|61|(93,226)|
||242,974|3,404|





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||Listed|Cashin|Total|
|---|---|---|---|
||investments|portfolio||
||£||£|
|Costorvaluation||||
|At1January2021|4,039,887|86,076|4,125,963|
|Additions|1,136,361|-|1,136,361|
|Valuationchanges|242,913|-|242,913|
|Gains/(losses)onsaleofinvestments|61|-|61|
|Cashavailabletoinvest|-|73,816|73,816|
|Disposals|(1,365,928)|-|(1,365,928)|
|At31December2021|4,053,294|159,892|4,213,186|
|Carryingamount||||
|At31December2020|4,039,887|86,076|4,125,963|



|Investment|Units|MarketValue|%ofTotal||
|---|---|---|---|---|
|||£|MarketValue||
|FidelityGlobalDividendWInc|100,000|224,600|5.16||
||||2021|2020|
|Thegeographicalsplitofinvestmentsattheyearendwasasfollows:|||£|£|
|UnitedKingdom|||3,661,033|3,836,842|
|Non-UnitedKingdom|||552,153|289,121|
||||4,213,186|4,125,963|
||||2021|2020|
||||£|£|
|Listedinvestments|||4,053,294|4,039,887|
|Cashininvestmentportfolio|||159,892|86,076|
||||'I,LIJ,IOO|'F,IGO,tOJ|
|Historiccostofinvestmentsareasfollows:|||2021|2020|
||||C|c|
|Listedinvestments|||IL)|LyLG,'tyO|





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|Debtorsfallingduewithinoneyear|||
|---|---|---|
||2021|2020|
||£|£|
|Saleproceedsdue|135,440|-|
|Dividendsdue|1,279|1,381|
|Prepaymentsandaccruedincome|-|316|
||136,719|1,697|
|Creditorsfallingduewithinoneyear|||
||2021|2020|
||£|£|
|Trustadministrationfee|12,000|12,000|
|Independentexaminer'sfee|1,640|1,560|
|Donations|27,500|-|
||41.140|13.560|



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|18|Cashgeneratedfromoperations|2021|2020|
|---|---|---|---|
|||£|£|
||Surplusfortheyear|255,052|20,815|
||Adjustmentsfor:|||
||Investmentincomerecognisedinstatementoffinancialactivities|(142,731)|(118,680)|
||(Gain)/lossondisposalofinvestments|(61)|93,226|
||Fairvaluegainsandlossesoninvestments|(242,913)|(96,630)|
||Movementsinworkingcapital:|||
||(Increase)/decreaseindebtors|(136,403)|1,495|
||Increaseincreditors|27,580|264|
||Cashabsorbedbyoperations|(239,476)|(99,510)|
|19|Cashandcashequivalents|||
|||2021|2020|
|||£|£|
||Cashatbankandinhand|315,882|255,495|
||Cashavailabletoinvest|159,892|86,076|
|||475,774|341,571|
|20|Donationsmadeduringtheyear|||
|||2021|2020|
|||£|£|
||CarriejoCharitableTrust|10,000|35,000|
||CharitiesAidFoundation-AlastairMacdonald-Buchanan|-|18,000|
||CharitiesAidFoundation-JillRosamondeMacdonald-Buchanan|-|2,000|
||OrrinCharitableTrust|25,000|20,000|
||GOEDLife|5,000|-|
||OracleCancerTrust|10,000|-|
||CureParkinsons|30,000|-|
||CountryFoodTrust|7,500|-|
||NationalHorseRacingMuseum|5,000|-|
||Stowe School|10,000|-|
|||102,500|75,000|