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|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|
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|||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|
|||--------
--------|.
--------|
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|`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|
||`========`|=======|=======|----|`========`|