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||Trustees and|main agents|ofthe Charity|
|---|---|---|---|
|2-6|Trustees'
report|||
||Independent|examiners'|report|
||Statement
of|financialactivities||
||Salance sheet|||
|10-15|Notes to the financial statements|||
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|||||General||Endowment|||
|---|---|---|---|---|---|---|---|---|
||||Note|Fund||Fund|Tata
I|2021|
|||||f||E|f|E|
|INCOME &ENDOWMENTS|FROM:||||||||
|Donations
& Legacies||||600|||600|600|
|Investment
income|||2.1|87,871|||87,871|78,421|
|Total income||||88,471|||88,471|79,021|
|EXPENDITURE ON|||||||||
|Raising Funds|||3|||5,205|5,205|4,377|
|Charitable
Activities:|||5|82,255|||82,255|79,720|
|Total expenditure||||82,255||5,205|87,460|84,097|
|Net income/
(expenditure)|for|the year|||||||
|before gains (losses) on investments||||6,216||(5,205)|1,011|(5,076)|
|Net gains (losses) on investment||assets|9|9,060||292,788|301,848|495,002|
|Net Movement
in the year||||15,276||287,583|302,859|489,926|
|Reconciliation offunds|||||||||
|Totalfunds
brought forward||||136,153|E|2,069,996|2,206,149|1,716,223|
|Total Funds carried forward|||E|151,429|E|2,357,579 E|2,509,008 E|2,206,149|
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|2|DONATIONS|AND LEGACIES|2022|2021|
|---|---|---|---|---|
||||E|E|
||Donations from individuals||600|600|
|2.1|INVESTMENT|INCOME|2022|2021|
||||E|E|
||UK equities||87,869|78,376|
||UK Bank interest||2|45|
||||87,871|78,421|
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|3|COST OF RAISING FUNDS||||||||||2022||2021|
||||||||||||||f|
||Investment
managers||safe custody||fees*||||||5,205||4,377|
||Support costs|||||||||||||
||||||||||||5,205||4,377|
||*Charged
against permanent|||endowment||fund||||||||
|4|ALLOCATION|OF SUPPORT COSTS|||AND OVERHEADS BETWEEN||||FUNDS|||||
||The basis and|allocation ofsupport|||cost is|as follows:—||||||||
||||||||General||Endowment||Total|||
||||||||Funds||Fund||allocated||2021|
||||||||E||||E||E|
||Staff costs|||||Time|14,970||||14,970||14,000|
||Depreciation|||||usage||171|||171|||
||Other office costs|||||usage||565|||565||94|
||Independent|Examiners|Fee||||3,462||||3,462||2,540|
||||||||19,168 E||||19,168|E|16,634|
|5|CHARITABLE EXPENDITURE - GRANT MAKING|||||||||||||
||||||||Institutions||Individuals||Total||2021|
||||||||f||E||E||E|
||Grants (see note 5.1)|||||||0|63,087||63,087||63,086|
||Support costs|||||||0|19,168||19,168||16,634|
||||||||E|0 6|82,255|E|82,255|E|79,720|
|5.1|ANALYSIS OF|GRANTS|FUNDED|||||||||||
||Total income for grant||distribution:||E69,073(2021-E62,387)|||||||||
||||||||||||2022||2021|
||||||||||||E||E|
|I|Major grants|to institutions||||||||||||
|II|Individual
case grants -135(2021-148)||||||||||62,537||62,536|
|III|Christmas
gifts to former K&CONT||||staff (in accordance||||||550||550|
||with clause 18ofthe Trust Deed)|||||||||||||
||Total|||||||||E|63,087|E|63,086|
||At the year end date the Trust was||||not committed||to pay|any further grants.||||||
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|The average number ofemployees|The average number ofemployees|during the year was 1(2021:1).|during the year was 1(2021:1).|No employee|earned|
|---|---|---|---|---|---|
|more than E60,000 . The|Trustees|did|not receive any remuneration|(2021-ENil)|nor were they|
|reimbursed
for any expenses incurred|||during the year.|||
|TANGIBLE FIXEDASSETS||||Office||
|||||Equipment||
|Cost:||||E||
|Balance brought
forward|1st April|2021|||300|
|Additions
in the year|||||513|
|Disposals|||||(300)|
|At 31st March 2022||||E|513|
|Depreciation:||||E||
|Balance brought
forward|1st April|2021|||300|
|Eliminated
on disposal|||||(300)|
|Charge for year|||||171|
|At 31st March 2022||||f|171|
|Net book value at 31st March 2022||||E|342|
|Net book value at 31st March 2021||||||
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|INVESTMENTS|INVESTMENTS|||||2022||2021|
|---|---|---|---|---|---|---|---|---|
|||||||E||E|
|Iylarket Value||as at 1st|April 2021|||2,179,351||1,688,711|
|Additions
to|investments|||at cost||140,068|||
|Disposals proceeds||||||(145,145)||(4,362)|
|Realised and|unrealised|||gains for the year||301,848||495,002|
|Market Value||as at 31st||March 2022|E|2,476,122|E|2,179,351|
|Investments|at market||value comprise:||||||
|UK equities||||||2,476,122||2,179,351|
||||||E|2,476,122|E|2,179,351|
|Historicalcost||as at 31st||March 2022||1,693,497|E|1,697,276|
|Investment
i
are:|n individua|l
entities
held at 31st March 2022 w|hich are over 5/o ofthe|
|---|---|---|---|
||||E|
|Cazenove
—Equity Income Trust For Charities|||1,225,064|
|M&G Global|Dividend|Fund|1,094,814|
|COIF Charities|Fund||141,070|
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||YEAR ENDED 31ST|MARCH 20|22||||||
|---|---|---|---|---|---|---|---|---|
|DEBTORS||||||2022||2021|
|||||||f||f|
|Sundry debtors and prepayments||||||1,007||955|
||||||E|1,007|E|955|
|CREDITORS - AMOUNTS|FALLING|||||2022||2021|
|DUE WITHIN ONE YEAR||||||E||f|
|Grants payable||||||4,341|||
|Other creditors and accruals||||||4,940||4,326|
||||||E|9,281|E|4,326|
|ANALYSIS OF NET ASSETS BETWEEN FUNDS|||||||||
||||Genera|I||Endowment|||
||||Funds|||Funds||Tota I|
||||f|||f||f|
|Investments|||118,543|||2,357,579||2,476,122|
|Fixed assets|||342|||||342|
|Current assets|||41,825|||||41,825|
|Creditors|||(9,281)|||||(9,281)|
|||E|151,429||E|2,357,579|E|2,509,008|
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