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|Contents|||Page|
|---|---|---|---|
|Reference and administrative||information||
|Report ofthe directors|||2-5|
|Independent
auditor's|report||6-8|
|Statement
offinancial|activities|||
|Balance sheet|||10|
|Statement
ofcash flows||||
|Notes to the financial|statements||12 —19|
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|Mrs C BMallinckrodt|
|---|
|Mrs C L Fitzalan
Howard|
|Mr T BSchroder|
|Ms L K ESchroder|
|Mr J H FSchroder|
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|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||||||Total|Total|
||||Notes|Restricted
f|Unrestricted|fundsf|funds
6|
|Income from:||||||||
|Investments|||||560,555|560,555|525,391|
|Total|||||560,555|560,555|525,391|
|Expenditure
on:||||||||
|Raising funds —investment||manager fees|||2,459|2,459|2,078|
|Charitable
activities|||||454,990|454,990|560,137|
|Total|||||457,449|457,449|562,215|
|Net income/(expenditure)
before gains
and losses on investments|||||103,106|103,106|(36,824)|
|Net (losses)/gains
on investments|||||(1,178,261)|(1,178,261)|3,967,815|
|Net (expenditure)/income||and movement||||||
|in funds|||||(1,075,155)|(1,075,155)|3,930,991|
|Fund balances
brought|forward||||15,575,993|15,575,993|11,645,002|
|Fund balances carried|forward||||14,500,838|14,500,838|15,575,993|
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|Balanc|e she|et as a|t 31 March 2022||||
|---|---|---|---|---|---|---|
|||||Notes|2022|2021|
||||||6|6|
|Fixed assets|||||||
|investments||||9|'i4,169,018|15,234,569|
|Current assets|||||||
|Debtors||||10|349,098|324,706|
|Cash at bank and in||hand|||9,137|55,755|
||||||358,235|380,461|
|Creditors:|amounts|due within|1 year||(26,409)|(39,031)|
|Net current|assets||||331,826|341,430|
|Net assets|||||14,500,844|15,575,999|
|Financed by.|||||||
|Share capital||||12|||
|Funds|||||||
|Llnrestncted|funds||||14,500,838|15,575,993|
|Total funds||||13|14,500,844|15,575,999|
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||||||||||Notes|2022|2021|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||f||
|Cash flows from operating||activities:||||||||||
|Net cash used in operating||activities|||||||(a)|(494,463)|(562,742)|
|Cash flows from investing||activities:||||||||||
|Dividends,
interest and rents||from|investments|||||||523,965|490,998|
|Proceeds from sale of investments||||||||||16,897|8,327|
|Purchase
of investments||||||||||(18,527)|(6,445)|
|Change
in investment
cash||||||||||(74,490)|(3)|
|Net cash provided
by investing|||activities|||||||447,845|492,877|
|Change
in cash and cash|equivalents|||in the reporting||period||||(46,618)|(69,865)|
|Cash and cash equivalents|at the||beginning||ofthe reporting||period||(b)|55,755|125,620|
|Cash and cash equivalents||at the end||ofthe reporting||period||||9,137|55,755|
|(a) Reconciliation
of net income|||to net|cash flows from|||operating|activities||||
|Net (expenditure)/income|for the reporting||||period|||||(1,075,155)|3,930,991|
|Adjustments
for:||||||||||||
|Losses/(gains)
on investments||||||||||1,178,261|(3,967,815)|
|Dividends
and interest from|investments|||||||||(560,555)|(525,391)|
|Increase
in debtors||||||||||(24,392)|(52)|
|Decrease
in creditors||||||||||(12,622)|(475)|
|Net cash used in operating||activities||||||||(494,463)|(562,742)|
|(b) Analysis
ofcash and cash equivalents||||||||||||
|Cash in hand||||||||||9,137|55,755|
|Total cash and cash equivalents||||||||||9,137|55,755|
|(c) Analysis ofchanges
in|net debt:|||||||||||
||||||||1 April|||Non-cash|31 March|
|||||||||2021|Cash flows|movement|2022|
||||||||||6|6||
|Cash and cash equivalents|||||||55,755||(46,618)||9,137|
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|Investment|income|||2022f|2021f|
|---|---|---|---|---|---|
|Dividends||||560,548|525,390|
|Bank interest||||7|1|
|||||560,555|525,391|
|No restricted|investment|income was received|in the year (2021:fNil).|||
|Raising funds - costs||||2022|2021f|
|Investment|management|costs||2,459|2,078|
|||||2,459|2,078|
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|Charitable|activities|2022f|2021f|
|---|---|---|---|
|Charitable|grants (note 6)|399,400|515,900|
|Administration||49,452|33,887|
|Governance||6,138|10,350|
|||454,990|560,137|
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|Notes to the financ||ia|l|stat|e|ments|for the year ended|31 March 2022|
|---|---|---|---|---|---|---|---|---|
|6.
Charitable
grants||||||||2022f|
|Made to institutions:|||||||||
|999Club and Lady Florence||Trust, The||||||5,000|
|Afghanistan
& Central Asian||Association||||||5,000|
|Albert Kennedy Trust, The||||||||3,000|
|Ahce (Relief of Poverty &Advancement|||||of Community)|||4,000|
|Ampney
Crucis Church||||||||1,000|
|Arts Taunton||||||||5,000|
|Back On Track Manchester||Ltd||||||5,000|
|Beauty for Ashes Refuges||||||||5,000|
|Berkshire Autistic Society||||||||3,000|
|Berkshire Women's
Aid||||||||3,000|
|Birmingham
Settlement,
The||||||||5,000|
|CARIS Haringey||||||||5,000|
|Change ofScene||||||||4,000|
|Chapel-en-le-Frith
Mobile Physiotherapy||||||Service||3,000|
|Chelsea
Old Church||||||||1,000|
|Childhood
Eye Cancer Trust||(CHECT)||||||4,000|
|Choir With No Name, The||||||||5,000|
|Cirencester
Housing
for Young|||People|||||5,000|
|City Harvest||||||||3,000|
|Climate Action Strathaven||||||||2,000|
|Colchester Gateway
Clubs||||||||2,000|
|Creative
Kids||||||||4,000|
|Creekside
Education
Trust|Ltd.|||||||4,000|
|Dash Chanty, The||||||||5,000|
|Door Youth Project, The||||||||3,000|
|East and North Herffordshire||NHS Trust|||Charitable||Fund|5,000|
|Eating Matters||||||||4,000|
|emerge (UK) Company
Limited||||||||3,000|
|Families InFocus (Essex)||||||||3,500|
|Family First||||||||2,000|
|Felix Project, The||||||||3,000|
|Fight Bladder Cancer||||||||5,000|
|FoodCycle||||||||3,000|
|Foundation
for Young Musicians,||||The||||3,000|
|Friends ofthe Family Winchester||||Limited||||3,000|
|Future Frontiers||||||||3,000|
|Garnsychan
Partnership||||||||5,000|
|Girls' Network,
The||||||||5,000|
|Gloucestershire
Bundles||||||||4,000|
|Group for Recycling
in Argyll||and||Bute Trust Limited||||3,000|
|Growing
Well Limited||||||||5,000|
|Haven
Wolverhampton,
The||||||||5,000|
|Hear Me Out Music||||||||5,000|
|Henry van Straubenzee
Memorial||||Fund||||3,000|
|Heron Corn
Mill (Beetham)|Ltd|||||||3,000|
|Hertfordshire
Domestic Abuse|||Helpline|||||3,000|
|Hope for Tomorrow||||||||5,000|
|Jigsaw(South
East)||||||||3,000|
|Just Like Us||||||||4,000|
|JUSTICE||||||||4,000|
|Kennet Furniture
Refurbiz||||||||4,000|
|Kilcooley Women's
Centre||||||||4,000|
|Life Cycle UK||||||||5,000|
|Link to Change||||||||4,000|
|Mums and Midwives
Awareness|||Academy|||||2,500|
|Mersey Counselling
and Therapy||||Centre||||3,000|
|Miracle Foundation,
The||||||||3,000|
|Mosaic —Supporting
Bereaved|||Children|||||3,000|
|Multiple Sclerosis Therapy Centre||||Lothian||Limited||4,000|
|MYTIME||||||||5,000|
|National
Manuscripts
Conservation||||Trust,||The||5,000|
|Carried forward||||||||231,000|
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|otes to the financial statem|otes to the financial statem|otes to the financial statem|otes to the financial statem|otes to the financial statem|ents
for the year ende|d 31 March 2022|
|---|---|---|---|---|---|---|
|Charitable
grants (continued)||||||2022|
|||||||6|
|Brought forward||||||231,000|
|National
Youth Arts Trust||||||3,000|
|National
Youth Choirs of Great Britain||||||5,000|
|NewStarts||||||5,000|
|Nottingham
and Nottinghamshire||||Refugee Forum||5,000|
|Oarsome Chance||||||4,000|
|OHMI Trust, The||||||5,000|
|Orchard
Project (Cause) Ltd,|||The|||4,000|
|Orchid Cancer Appeal
(Orchid)||||||4,000|
|Prisoners
Education
Trust||||||5,000|
|Pure Insight 1628||||||5,000|
|Purple Angel Dementia|Awareness|||Devon||3,000|
|Quetzal||||||3,000|
|Radford Care Group||||||4,000|
|Read Easy UK||||||5,000|
|Remap 2010||||||5,000|
|Roman River Music||||||3,000|
|Royal Chapel Windsor||||||400|
|Royal Northern
College|of Music Endowment||||Fund|5,000|
|SameYou||||||4,000|
|Sara Lee Trust, The||||||4,000|
|Separated
Child Foundation,|||The|||4,000|
|Settled||||||5,000|
|SHRUB Cooperative||||||4,000|
|Sixty-One||||||5,000|
|South Bristol Advice Services||||||3,000|
|South London Cares Limited||||||4,000|
|South West Coast Path|Association|||||2,000|
|StAndrew's
Church
(Currey|||Rivel)|||1,000|
|St Jude's Church||||||500|
|Stowe House Preservation||Trust||||5,000|
|Sudents4Students||||||2,500|
|Support Through
Court||||||4,000|
|Surviving
Economic Abuse||||||3,000|
|Teach2Teach
International||||||3,000|
|Teesmouth
Field Centre||||||2,000|
|Tools for Self Reliance||||||3,000|
|Transitions
UK||||||5,000|
|Tunbridge
Wells Counselling|||Centre|||3,000|
|West Wales River Trust||||||5,000|
|Wilts &Berks Canal Trust||||||4,000|
|Womankind||||||4,000|
|Women's
Health and Family|||Services|||4,000|
|Worcestershire
Assomation||for the Blind||||3,000|
|York Rescue Boat||||||3,000|
|Youth Talk Limited||||||3,000|
|Zinc Project CIO, The||||||2,000|
|2022 total||||||399,400|
|2021 total||||||515,900|
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||Net investment
gains/(losses)|Net investment
gains/(losses)|||||||2022
f||2021
f.|
|---|---|---|---|---|---|---|---|---|---|---|---|
||Realised gains||||||||2,563||1,359|
||Unrealised
(losses)/gains||||||||(1,180,824)||3,966,456|
||||||||||(1,178,261)||3,967,815|
||Net movement
in funds|||||||||||
||Net movement
in funds is stated||after charging:|||||||||
||||||||||2022f||2021|
||Directors'
remuneration|||||||||||
||Auditor's
remuneration|||||||||||
||-as auditor||||||||5,400||9,600|
||The directors consider themselves|||and the company||secretary as comprising||the key management|||personnel|
||ofthe Trust. There are 5
remuneration
or benefits|employees
(the directors). The directors and company
in kind (2021:fNil) and received
no reimbursement
of|||||||secretary received
no
expenses (2021:fNil).|||
||There were no employees|who|received||remuneration|exceeding f60,000.||||||
||Investments||||||||2022
f.||2021f|
||Market value brought forward||||||||15,234,566||11,234,240|
||Additions
at cost||||||||55,116||40,838|
||Disposals proceeds||||||||(16,897)||(8,327)|
||Net (losses)/gains
on disposals||and|revaluations|||||(1,178,261)||3,967,815|
||||||||||14,094,525|15,234,566||
||Portfolio cash held by investment||manager||||||74,493|||
||Market value carried forward||||||||14,169,018|15,234,569||
||Historic cost carried forward||||||||13,107,608|13,056,518||
||Investments
comprise the following:|||||||||||
||||||||||2022f||2021f|
||Equities (listed)||||||||14,047,691|15,184,366||
||Private equity||||||||46,834||50,200|
||||||||||14,094,525|15,234,566||
|10.|Debtors||||||||2022||2021|
||||||||||f||f.|
||Dividends
receivable||||||||349,098||324,706|
||||||||||349,098||324,706|
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|11.|Creditors: amounts
falling due within one year|Creditors: amounts
falling due within one year|2022
6|2021f|
|---|---|---|---|---|
||Accruals:||||
||Investment
manager's|charges|562|539|
||Share custody fees||1,524||
||Companies
House fees||13||
||Administration
ofthe|Trust|18,172|28,142|
||Auditor's
remuneration||5,400|9,600|
||Accountancy
fee||738|750|
||||26,409|39,031|
|12.|Share capital|Share capital||Allotted,|
|---|---|---|---|---|
|||||called up|
|||||and fully|
||||Authorised
6|paid
6|
||Ordinary|shares off1 each|100||
|13.|Analysis of net assets between funds -2022|Share|Restricted|Unrestricted|Total|
|---|---|---|---|---|---|
|||capitalf|funds
6|fundsf|funds
6|
||Investments|||14,169,018|14,169,018|
||Net current assets|||331,820|331,826|
||Net assets at the end ofthe year|||14,500,838|14,500,844|
|Analysis ofnet assets between|funds - 2021|Share|Restricted|Unrestricted|Total|
|---|---|---|---|---|---|
|||capital
6|funds
6|funds
6|fundsf|
|Investments||||15,234,569|15,234,569|
|Net current assets||||341,424|341,430|
|Net assets at the end ofthe year||||15,575,993|15,575,999|
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