Page |
|
|---|---|
| Trustees'report | 1-4 |
| Independentauditors'report | 5-7 |
| Statementoffinancialactivities | |
| Balancesheet | |
| Notestotheaccounts | 10-22 |
| Settlors | EleanorClarkRobertson |
|---|---|
| MaryPriestmanLovell | |
| StephenClark | |
| PriscillaBrightJohnston | |
| Charitynumber | 211513 |
| Principaladdress | c/oC&JClarkLtd |
| 40HighStreet | |
| Somerset | |
| BA160EQ | |
| Accountants | WombleBondDickinson(UK)LLP |
| OneTrinity | |
| BroadChare | |
| NewcastleuponTyne | |
| NE12HF | |
| Auditors | HainesWattsBristolLtd |
| BathHouse | |
| 6-8BathStreet | |
| Bristol | |
| BS16HL | |
| Bankers | NationalWestminsterBankPlc |
| 72HighStreet | |
| Somerset | |
| BA160EJ | |
| Investmentadvisors | QuitterCheviot |
| QueensQuay | |
| 33-35QueenStreet | |
| Bristol | |
| BS14LU | |
| Berenberg | |
| 60ThreadneedleStreet | |
London |
|
| EC2R8HP | |
| Solicitors | WombleBondDickinson(UK)LLP |
| 3TempleQuay | |
| TempleBackEast | |
| Bristol | |
| BS16DZ |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
Fund |
Fund |
2020 |
2019 |
||
| Notes | £ |
£ | £ | £ | |
| Incomefrom | |||||
| Investmentincome | 2 | 19,391 | 46,361 | 65,752 | 160,026 |
| Bankandotherinterestreceivable | 3 | 264 | 660 | 924 | 2,720 |
| Totalincome | 19,655 | 47,021 | 66,676 | 162,746 | |
| Expenditureon | |||||
| Raisingfunds | |||||
| Investmentmanagementcasts | 35,305 | - | 35,305 | 34,771 | |
| Charitableactivities | |||||
| Grantspayable | 5 | 67,100 | 57,387 | 124,487 | 341,541 |
| Supportandgovernancecosts | 4 | 19,245 | 3,667 | 22,912 | 23,928 |
| Totalcharitableexpenditure | 121,650 | 61,054 | 182,704 | 400,240 | |
| Netlossesoninvestments | 9 | (2,167,723) | (2,663,977) | (4,831,700) | (4,872,236) |
| Gain/(Loss)onforeignconversion | - | (2,238) | (2,238) | 1,008 |
|
| Netmovementinfunds | (2,269,718) | (2,680,248) | (4,949,966) | (5,108,722) | |
| Fundbalancesat1January2020 | 4,267,078 | 7,419,690 | 11,686,768 | 16,795,490 | |
| Fundbalancesat31December2020 | 1,997,360 | 4,739,442 | 6,736,802 | 11,686,768 |
2020 |
2019 |
||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ |
£ |
|
| Fixedassets | |||||
| Investments | 9 | 6,313,619 | 11,366,451 | ||
| Currentassets | |||||
| Debtors | 11 | 176,328 | 1,807 | ||
| Cashatbankandinhand | 316,221 | 398,406 | |||
| 492,549 | 400,213 | ||||
| Creditors:amountsfallingduewithin | |||||
| oneyear | 12 | (69,366) | (59,896) | ||
| Netcurrentassets | 423,183 | 340,317 | |||
| Totalassetslesscurrentliabilities | 6,736,802 | 11,706,768 | |||
| Creditors:amountsfallingdueafter | |||||
| morethanoneyear | 13 | - | (20,000) | ||
| Netassets | 6,736,802 | 11,686,768 | |||
| Fundsofthecharity | 14 | ||||
| Unrestrictedfunds | 1,997,360 | 4,267,078 | |||
| Restrictedfunds | 4.739.442 | 7,419,690 | |||
| 11,686,768 |
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
|---|---|---|---|---|---|---|
funds |
funds |
2020 |
funds |
funds |
2019 |
|
| £ | £ | £ | £ | £ | £ | |
| Dividendsfromlistedinvestments | 19,391 | 12,377 | 31,768 | 27,579 | 20,574 | 48,153 |
| Dividendsfromunlistedinvestments | - | - |
- | 28,387 |
36,000 | 64,387 |
| Interestfromlistedinvestments | - | 33,984 |
33,984 | - | 47,486 | 47,486 |
| 19,391 | 46,361 | 65,752 | 55,966 | 104,060 | 160,026 |
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
|---|---|---|---|---|---|---|
funds |
funds |
2020 |
funds |
funds |
2019 |
|
| £ | £ | £ | £ |
£ | £ | |
| NationalWestminsterBankplc | 164 |
148 |
312 |
759 |
376 | 1,135 |
| Berenburg | 512 |
512 |
- |
1,568 | 1,568 | |
| QuitterCheviot | 100 |
- |
100 |
17 |
- |
17 |
264 |
660 |
924 |
776 |
1,944 | 2,720 |
Total |
Total |
|||||
|---|---|---|---|---|---|---|
| Governance | Support | 2020 | Governance | Support | 2019 | |
| £ | £ | £ | £ | £ | £ | |
| Supportcosts | ||||||
| Secretarialexpenses | 1,308 | 5,233 | 6,541 | 1,557 | 4,885 | 6,442 |
| Stationery | - | 59 | 59 | - | 2 | 2 |
| Travelexpenses | - | - | - | 268 | 67 | 335 |
| 1,308 | 5,292 | 6,600 | 1,825 | 4,954 | 6,779 |
| Expenditureonstationeryisasupportcost. | ||
|---|---|---|
| Total | Total | |
2020 |
2019 |
|
£ |
£ |
|
| Governancecosts | ||
| Accountancy-WBD(UK)LLP(unrestricted) | 10,200 | 14,601 |
| Auditfees | 2,712 | 2,538 |
| Accountancy-WBD(UK)LLP(restricted) | 3,400 | - |
| Supportcosts(perabove) | 1,308 | 1,825 |
| BankCharges | - | 10 |
| 17,620 | 18,974 |
| Allocationofgovernanceandothersupportcosts: | Total | Total | ||
| Recipients | 2020 | Recipients | 2019 | |
| £ | £ | |||
| Religiousgrants | 10 | 2,673 | 15 | 6,188 |
| Educationalgrants | 12 | 3,207 | 15 | 6,188 |
| Somersetgrants | 10 | 2,673 | 12 | 4,951 |
| Othergrants | 40 | 10,692 | 15 | 6,188 |
| RestrictedGrant | 1 | 3,667 | 1 | 413 |
| 73 | 22,912 | 58 | 23,928 |
| Grant | Supportand | Grant | Supportand | |||
|---|---|---|---|---|---|---|
Funded |
Governance |
Total | Funded | Governance | Total | |
| Activity | Costs | 2020 | Activity | Costs | 2019 | |
| £ | £ | £ | £ | £ | £ | |
| Religiousgrants | 22,500 | 2,673 | 25,173 | 24,500 | 6,188 | 30,688 |
| Educationalgrants | 14,800 | 3,207 | 18,007 | 32,900 | 6,188 | 39,088 |
| Somersetgrants | 6,500 | 2,673 | 9,173 | 8,000 | 4,951 | 12,951 |
| Othergrants | 23,300 | 10,692 | 33,992 | 16,000 | 6,188 | 22,188 |
| Restrictedgrants | 57,387 | 3,667 | 61,054 | 260,141 | 413 | 260,554 |
| 124,487 | 22,912 | 147,399 | 341,541 | 23,928 | 365,469 |
| Grantspayabletoinstitutions(>£1,500) | ||
|---|---|---|
2020 |
2019 |
|
| Religiousgrants-10grants(2019-15) | £ | £ |
| QuakerCouncilforEuropeanAffairs | 4,000 | 4,000 |
| QuakerService | 3,000 | 4,000 |
| QuakerPeaceandSocialWitness | 7,000 | 7,000 |
| RetreatYorkLtd | 3,000 | 3,000 |
| Totalreligiousgrants<£1,500 | 5,500 | 6,500 |
| LL,bUU | Z4,5UU | |
| Educationalgrants-12grants(2019-15) | £ | £ |
| AHSS | 8,000 | 8,000 |
| MedecinsSansFrontieres | - | 2,000 |
| MedicalAidforPalestinians | 2,000 | 2,000 |
| StreetQuaker | - | 10,000 |
| TheSocietyfortheProtectionofAncientBuildings | - | 4,000 |
| WestofEnglandFHS | - | 2,000 |
| Totaleducationgrants<£1,500 | 4,800 | 4,900 |
| 14,800 | 32,900 | |
| Somersetgrants-10grants(2019-12) | £ | £ |
| TotalSomersetgrants<£1,500 | 6,500 | 8,000 |
| b,5uu | u,uuu | |
| Othergrants-40grants(2019-15) | £ | £ |
| ArthritisResearchUK | - | 2,000 |
| BuildingofIreland | (10,000) | - |
| MedecinsSansFrontiers | 2,000 | |
| OXFAM | 6,000 | 6,000 |
| TheSocietyforProtectionofAncientBuildings | 4,000 | - |
| VersusArthritis | 2,000 | - |
| Totalothergrants<£1,500 | 19,300 | 8,000 |
| 23,300 | 16,000 |
| Analysisofcharitableexpenditure | (Continued) | |
2020 |
2019 |
|
£ |
£ |
|
| RestrictedFund-Grant | ||
| TheAlfredGillettTrust | 57,387 | 260,141 |
| TotalGrantsMade | 124,487 | 341,541 |
| Unrestricted | Unrestricted |
Restricted | Restricted | 2020 | 2019 |
|
|---|---|---|---|---|---|---|
| Listed | Unlisted |
Listed | Unlisted | Total | Total |
|
£ |
£ |
£ |
£ | £ |
||
| Marketvalueat1January2020 | 1,244,289 | 2,703,829 | 4,005,435 | 3,412,898 | 11,366,451 | 16,424,785 |
| Acquisitionsatcost | 239,826 | - |
1,234,111 |
- | 1,473,937 | 1,533,379 |
| Disposalsatmarketvalue | (235,235) | - |
(2,054,924) | - | (2,290,159) | (2,061,734) |
| Cashmovementduringyear | (14,156) | - |
609,246 | - | 595,090 | 342,257 |
| Netgains/(losses)oninvestment | ||||||
assets |
99,698 | (2,267,421) | 198,067 | (2,862,044) | (4,831,700) | (4,872,236) |
| Marketvalueat | ||||||
| 31December2020 | 1,334,422 | 436,408 |
3,991,935 | 550,854 | 6,313,619 | 11,366,451 |
| Unrestricted | Restricted | 2020 | 2019 | |
|---|---|---|---|---|
| Listed | Listed | Total | Total | |
| £ | £ | £ | £ | |
| Equities | 1,297,172 | 953,362 | 2,250,534 | 2,270,032 |
| Bonds | - | 1,716,187 | 1,716,187 | 2,236,264 |
| Alternativeinvestments | - | 262,700 | 262,700 | 241,582 |
| Capitalcash | 37,250 | 1,059,686 | 1,096,936 | 501,846 |
| 1,334,422 | 3,991,935 | 5,326,357 | 5,249,724 |
2020 |
2019 |
|---|---|
| Marketvalue | Market |
| £ | value£ |
| 987,262 | 6,116,727 |
11 |
Debtors |
2020 |
2019 |
|---|---|---|---|
£ |
£ |
||
| QuitterCheviot-Dividends | 1,328 | 1,807 | |
| Other debtors-charitableloantoAlfredGillettTrust | 175,000 | ||
| 176,328 | 1,807 | ||
| 12 | Creditors:amountsfallingduewithinoneyear | 2020 | 2019 |
£ |
£ |
||
| Grants-commitmentsmade | 48,800 | 38,800 | |
| Othercreditors | 20,566 | 21,096 | |
| 69,366 | 59,896 | ||
| 13 | Creditors:amountsfallingdueaftermorethanoneyear | 2020 | 2019 |
£ |
£ |
||
| Grantspayable | - | 20,000 |
| Balanceat | Balanceat | ||||
|---|---|---|---|---|---|
| 1January | Gainsl31December | ||||
2020 |
Income |
Expenditure |
(Losses) |
2020 |
|
| £ | £ | £ | £ | £ | |
| Unrestrictedfund | 4,267,078 | 19,655 | (121,650) | (2,167,723) | 1,997,360 |
| Restrictedfund | 7,419,690 | 47,021 | (61,054) | (2,666,215) | 4,739,442 |
| 11,686,768 | 66,676 | (182,704) | (4,833,938) | 6,736,802 |
| Balanceat | Balanceat | ||||
|---|---|---|---|---|---|
| 1January | Gains/31December | ||||
| 2019 | Income | Expenditure | (Losses) | 2019 | |
| £ | £ | £ | £ | £ | |
| Unrestrictedfund | 6,515,263 | 56,742 | (116,223) | (2,188,704) | 4,267,078 |
| Restrictedfund | 10,280,227 | 106,004 | (284,017) | (2,682,524) | 7,419,690 |
| u:~r~:Hx~i~~i:~arci~ci~i~~r~i~~cai~w~.c:~~r~zi:~riz:~ |
| Unrestricted | Restricted | Total | |
|---|---|---|---|
funds |
funds |
2020 |
|
| £ | £ | £ | |
| Fundbalancesat31December2020representedby: | |||
| Investments | 1,770,830 | 4,542,789 | 6,313,619 |
| Currentassets | 292,496 | 200,053 | 492,549 |
| Creditors:amountsfallingduewithinoneyear | (65,966) | (3,400) | (69,366) |
| Creditors:amountsfallingdueaftermorethanoneyear | - | - | - |
| 1,997,360 | 4,739,442 | 6,736,802 | |
| Unrestricted | Restricted | Total | |
| funds | funds | 2019 | |
| £ | £ | £ | |
| Fundbalancesat31December2019representedby: | |||
| Investments | 3,948,118 | 7,418,333 | 11,366,451 |
| Currentassets | 398,856 | 1,357 | 400,213 |
| Creditors:amountsfallingduewithinoneyear | (59,896) | - | (59,896) |
| Creditors:amountsfallingdueaftermorethanoneyear | (20.0001 | - | (20.0001 |
| 4,Lti/,U(tf | /,4ly,tiyU | l l,ti256,/Eiii |
| 16 Previousstatementoffinancialactivities |
Unrestricted | Restricted | Total | |
Fund |
Fund |
2019 |
||
| Notes | £ | £ | £ | |
| Incomefrom | ||||
| Investmentincome | 2 | 55,966 | 104,060 | 160,026 |
| Bankandotherinterestreceivable | 3 | 776 | 1,944 | 2,720 |
| Totalincome | 56,742 | 106,004 | 162,746 | |
| Expenditureon | ||||
| Raisingfunds | ||||
| Investmentmanagementcosts | 11,308 | 23,463 | 34,771 | |
LElfees |
- |
- |
- |
|
| Charitableactivities | ||||
| Grantspayable | 5 | 81,400 | 260,141 | 341,541 |
| Supportandgovernancecosts | 4 | 23,515 | 413 | 23,928 |
| Totalcharitableexpenditure | 116,223 | 284,017 | 400,240 | |
| Netlossesoninvestments | 9 | (2,188,704) | (2,683,532) | (4,872,236) |
| Gainonforeignconversion | - | 1,008 | 1,008 | |
| Netmovementinfunds | (2,248,185) | (2,860,537) | (5,108,722) | |
| Fundbalancesat1January2019 | 6,515,263 | 10,280,227 | 16,795,490 | |
| Fundbalancesat31December2019 | 4,267,078 | 7,419,690 | 11,686,768 |