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2021-04-05-accounts
| Solicitor: |
Wedlake Bell, 16 Bedford Street, CoventGarden, London WC2E 9HE |
| Independent Examiner: |
Kerry Gallagher, FCA DChA ofRSM UK Tax and Accounting Limited, |
|
Davidson House, Forbury Square, Reading, Berkshire RG1 3EU |
| Bankers: |
Lloyds TSB Bank pic, South Kensington Branch, |
|
67/69 Old Brompton Road, London SW5 9HZ |
| InvestmentManager: |
Investec Wealth & Investment, Unit4,The Billings, |
|
3 WalnutTree Close, Guildford, Surrey GU1 4UL |
|
|
Unrestricted Funds |
Unrestricted Funds |
|
|
2021 |
2020 |
|
Notes |
£ |
£ |
| INCOME FROM: |
|
|
|
| Donations |
|
|
480 |
| Investments |
2 |
70,931 |
103,815 |
| TOTAL |
|
70,931 |
104,295 |
| EXPENDITURE ON: |
|
|
|
| Raising funds |
|
|
|
| Investment management costs |
3 |
(41,404) |
(38,597) |
| Charitable activities |
|
|
|
| Grantgiving |
4 |
(94,193) |
(112,032) |
| TOTAL |
|
(135,597) |
(150,629) |
| Net gains/(losses) on investments |
7 |
783,139 |
(453,508) |
| NET INCOME/(EXPENDITURE) AND |
|
|
|
| NET MOVEMENT IN FUNDS |
|
718,473 |
(499,842) |
| RECONCILIATION OF FUNDS |
|
|
|
| Fund balances broughtforward at 6 April 2020 |
|
3,423,405 |
3,923,247 |
| FUND BALANCES CARRIED FORWARD |
|
|
|
| ATS APRIL 2021 |
9 |
4,141,878 |
3,423,405 |
|
|
|
======== |
|
|
2021 |
2020 |
|
Notes |
£ |
£ |
| FIXED ASSETS |
|
|
|
| Investments |
7 |
3,898,287 |
3,137,204 |
| CURRENT ASSETS |
|
|
|
| Cash at bank and in hand |
|
247,131 |
289,501 |
| LIABILITIES |
|
|
|
| Creditors: Amounts falling due within one year |
8 |
(3,540) |
(3,300) |
| NET CURRENT ASSETS |
|
243,591 |
286,201 |
| TOTAL ASSETS LESS CURRENT LIABILITIES & NET ASSETS |
|
4,141,878 |
3,423,405 |
| THE FUNDS OF THE CHARITY |
|
|
|
| Unrestricted income funds |
|
|
|
| Genera! Fund |
9 |
4,141,878 |
3,423,405 |
| TOTAL CHARITY FUNDS |
|
4,141,878 |
3,423,405 |
|
|
--------
-------- |
.
-------- |
2. |
INVESTMENTS |
Unrestricted Funds |
Unrestricted Funds |
|
|
2021 |
2020 |
|
|
£ |
£ |
|
Income from investments listed on a recognised |
|
|
|
stock exchange |
70,931 |
103,815 |
|
|
======= |
|
| 3. |
INVESTMENT MANAGEMENT COSTS |
Unrestricted Funds |
Unrestricted Funds |
|
|
2021 |
2020 |
|
|
£ |
£ |
|
Costs ofmaintaining investmentproperty |
4,497 |
1,596 |
|
Investmentmanagementcharges |
36,907 |
37,001 |
|
|
41,404 |
38,597 |
| 4. |
GRANT GIVING |
Unrestricted Funds |
|
|
|
2021 |
2020 |
|
|
£ |
£ |
|
Grants madeto institutions: |
|
|
|
In supportofthe aged andthe poor |
21,700 |
24,850 |
|
In supportofeducation and children |
50,585 |
58,891 |
|
In supportofreligion |
6,400 |
12,420 |
|
In supportofprisoners and captives |
11,294 |
11,900 |
|
|
89,979 |
108,061 |
|
Governance costs (see note 5) |
4,214 |
3,971 |
|
|
94,193 |
112,032 |
|
|
======= |
======= |
|
Grants of between £300 and £10,000 were made to 147 institutions (2019/2020: grants of |
|
|
|
between £300 and £10,000 were made to 164 institutions) in support of |
|
general charitable |
|
purposes withinthe objectives ofThe Sydney Black CharitableTrust. |
|
|
| s. |
GOVERNANCE COSTS |
Unrestricted Funds |
|
|
|
2021 |
2020 |
|
|
£ |
£ |
|
Independentexaminer'sfee |
3,540 |
3,300 |
|
Other operating expenses ofthe charity |
674 |
671 |
|
|
4,214 |
3,971 |
| 7. |
INVESTMENTS |
Investments listed |
Investments listed |
Long leasehold |
|
|
|
|
**on ** |
a recognised |
investment |
Total |
Total |
|
|
stock exchange |
|
property |
2021 |
2020 |
|
|
|
£ |
£ |
£ |
£ |
|
Marketvalue as at |
|
|
|
|
|
|
6 April 2020 |
|
2,857,204 |
280,000 |
3,137,204 |
3,693,983 |
|
Additions atcost |
|
697,458 |
|
697,458 |
573,335 |
|
Disposal proceeds |
|
(719,514) |
|
(719,514) |
(676,606) |
|
Realised gains |
|
83,573 |
|
83,573 |
25,158 |
|
Unrealised gains/(losses) |
|
699,566 |
|
699,566 |
(478,666) |
|
Marketvalue as at |
|
|
|
|
|
|
5 April 2021 |
|
3,618,287 |
280,000 |
3,898,287 |
3,137,204 |
|
|
|
|
|
--------
-------- |
======== |
|
Historical costas at |
|
|
|
|
|
|
5 April 2021 |
|
2,933,047 |
107,897 |
3,040,944 |
3,133,267 |
|
|
|
|
|
======== |
======== |
| 7. |
INVESTMENTS (Continued) |
|
|
|
Atthe balance sheetdate,the marketvalue ofthe |
2021 |
2020 |
|
charity's listed investmentportfolio comprised: |
|
|
|
UK investments |
1,330,759 |
1,504,766 |
|
Overseas investments |
2,287,528 |
1,352,438 |
|
|
3,618,287 |
2,857,204 |
|
|
======== |
======== |
|
Fixed income securities |
578,315 |
546,071 |
|
Equities |
2,311,395 |
1,687,663 |
|
Unittrustfunds and other similar securities |
728,577 |
623,470 |
|
|
3,618,287 |
2,857,204 |
|
|
======== |
======== |
|
the marketvalue ofthe listed investmentportfolio: |
|
|
|
|
2021 |
2020 |
|
Artemis Fund Managers US Select Income units |
264,985 |
187,302 |
|
Blackrock Financial Management European dynamic Income |
187,439 |
114,172 |
|
iShares II Pic USDTips bonds |
143,274 |
154,683 |
|
Vanguard Funds S&P 500 units |
197,636 |
138,888 |
|
|
---- |
---- |
| 8. |
CREDITORS |
2021 |
2020 |
|
|
£ |
£ |
|
Amounts falling duewithin one year: |
|
|
|
Accruals |
3,540 |
3,300 |
|
Balance at |
|
|
|
Balance at |
|
6April |
|
|
Gains on |
SApril |
|
2020 |
Income |
Expenditure |
investments |
2021 |
|
£ |
£ |
£ |
£ |
£ |
| Unrestricted income |
|
|
|
|
|
| funds: |
|
|
|
|
|
| General Fund |
3,423,405 |
70,931 |
(135,597) |
783,139 |
4,141,878 |
|
======== |
======= |
======= |
======= |
======== |
|
Balance at |
|
|
|
Balance at |
|
6April |
|
|
losses on |
5 April |
|
2019 |
Income |
Expenditure |
investments |
2020 |
|
£ |
£ |
£ |
£ |
£ |
| Unrestricted income |
|
|
|
|
|
| funds: |
|
|
|
|
|
| General Fund |
3,923,247 |
104,295 |
(150,629) |
(453,508) |
3,423,405 |
|
======== |
======= |
======= |
---- |
======== |