2022-04-05-accounts - The Crerar Family Trust

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Charity no. 221335 (England and Wales) Scottish charity no. SC013771

The Crerar Trust Financial Statements For the year ended 5 April 2022

`Scottishcharitynumber:`	`$C013771`
`Englishcharitynumber:`	`221335`
`Registeredoffice:`	`Newmains`
	`Stenton`
	`Dunbar`
	`EastLothian`
	`EH421TQ`
`Principaloffice:`	`TheMillHouse`
	`Samuelston`
	`EastLothian`
	`EH414HG`
`Trustees:`	`PaddyCrerarCBE` `JeanetteCrerar`	`(resigned26August2021)` `(resigned26August2021)`
	`JamesBarrack` `SheilaCrerar`	`(resigned26August2021)` `(resigned26August2021)`
	`CrerarTrusteeCompany1 Limited`	`(appointed26August2021)`
	`CrerarTrusteeCompany2 Limited`	`(appointed26August2021)`
	`Thedirectorsofthesecompaniesarelistedonpage4`
`MembersofCouncil:`	`JohnWilliams`
	`MichaelStill`
	`ClaireSmith`
`Bankers:`	`AdamandCompanypic`
	`25StAndrewSquare`
	`Edinburgh`
	`EH21AF`
`Auditor:`	`SafferyChampnessLLP`
	`EdinburghQuay`
	`133Fountainbridge`
	`Edinburgh`
	`EH39BA`
`InvestmentManagers:`	`MclnroyandWoodLtd`
	`EasterAlderston`
	`Haddington`
	`EH413SF`
`GeneralSecretary:`	`ClaireSmith`

	`Note`	`Unrestricted`	`Designated`	`Restricted`	`2022total`	`2021total`
		`funds`	`funds`	`funds`
		`£`	`£`	`£`	`£`	`£`
`Incomeand`
`endowmentsfrom:`
`Investments`	`4`	`90,565`	`-`	`-`	`90,565`	`79,366`
`Total`		`90,565`	`-`	`-`	`90,565`	`79,866`
`Expenditureon:`
`Raisingfunds`	`5`	`9,720`	`-`	`-`	`9,720`	`10,458`
`Charitableactivities`	`6`	`80,211`	`-`	`-`	`80,211`	`152,546`
`Total`		`89,931`	`-`	`-`	`89,931`	`163,004`
`Netexpenditure` `beforegains/(losses)`		`634`	`-`	`-`	`634`	`(83,138)`
`oninvestments`
`Realised(loss)/gain` `oninvestments`	`7`	`-`	`(98,996)`	`~`	`(98,996)`	`82,648`
`Unrealisedgainson` `investments`		`~`	`528,478`	`-`	`528,478`	`1,156,881`
		`-`	`429,482`	`-`	`429,482`	`1,239,529`
`Netmovementsin` `funds`		`634`	`429,482`	`-`	`430,116`	`1,156,391`
`Reconciliationof`
`funds`
`Totalfundsbrought` `forward`		`(6,829)`	`5,755,783`	`5,600,050`	`11,349,004`	`10,192,613`
`Totalfundscarried` `forward`	`12`	`(6,195)`	`6,185,265`	`5,600,050`	`11,779,120`	`11,349,004`

16 December

`3`	`Income`	`2022`	`2021`
		`£`	`£`
	`incomeisstatedaftercharging:`
	`Auditor’sremuneration`	`4,400`	`2,810`
`4`	`Investmentincome`	`2022`	`2021`
		`£`	`£`
	`Dividendsreceivablefrominvestments`	`76,623`	`79,802`
	`Bankinterest`	`2,106`	`64`
	`Interestonloansissued`	`11,836`	`-`
		`90,565`	`79,866`

`Investmentmanagementcosts`	`2022`	`2021`
	`£`	`£`
`Managementfees`	`9,720`	`10,458`
`Allinvestmentmanagementincostsin2022and2021relatetounrestrictedfunds.`
`Charitableactivities`	`2022`	`2021`
	`£`	`£`
`Charitabledonations— contributionstocharities`
`InaccordancewithresolutionofthecouncilMay2021`	`60,000`	`-`
`InaccordancewithresolutionofthecouncilNovember2021`	`-`	`132,260`
	`60,060`	`132,260`
`Supportcostsinrelationtocharitableactivities`
`Clerk’shonorarium`	`9,449`	`9,000`
`Accountancyfees`	`6,064`	`6,040`
`Bankcharges`	`25`	`123`
`Sundryexpenses`	`23`	`215`
`Lossonforeignexchange`	`250`	`2,098`
	`15,811`	`17,476`
`Governancecostsinrelationtocharitableactivities`
`Auditfees`	`4,400`	`2,810`
	`80,211`	`152,546`

`Fixedassetinvestments`
	`2022`	`2021`
	`£`	`£`
`Costormarketvaluebroughtforward`	`11,111,410`	`9,957,511`
`Additions`	`2,623,488`	`713,567`
`Revaluation`	`(98,995)`	`1,156,881`
`Disposals`	`(2,011,563)`	`(716,549)`
`At5 April2022`	`11,624,340`	`11,111,410`
`Investmentanalysis`
`22,400,201Trusteesharesof25peachin`
`CrerarHotelGroupLimited`	`5,600,050`	`5,600,050`
`LoantoCrerarHotelGroupLimited`	`2,000,000`	`-`
`ListedUKequities`	`4,024,290`	`5,511,360`
	`11,624,340`	`11,111,410`

`Analysisofcurrentassets`	`2022`	`2021`
	`£`	`£`
`Accruedincome`	`11,836`	`-`
`Cashatbank`	`153,543`	`246,644`
	`165,379`	`246,644`
`Alldebtorsin2022and2021relatetounrestrictedfunds.`

`Analysisofcurrentliabilities`	`2022`	`2021`
	`£`	`£`
`OtherCreditors` `Accruals`	`328` `10,271`	`-` `9,050`
	`10,599`	`9,050`

`AnalysisofFund`	`Balance`			`investment`	`Funds`
`movements`	`6April2021`	`Income`	`Expenditure`	`movements`	`5April2022`
	`£`	`£`	`£`	`£`	`£`
`Restrictedfunds`	`5,600,050`	`-`	`-`	`-`	`5,600,050`
`Designatedfunds`	`5,755,783`	`-`	`-`	`429,482`	`6,185,265`
`Unrestrictedfunds`	`(6,829)`	`90,565`	`(89,931)`	`-`	`(6,195)`
`Total`	`11,349,004`	`90,565`	`(89,931)`	`429,482`	`11,779,120`

		`2022`		`2021`
`incomefrominvestments`
`Investmentportfolio` `Bankinterestreceived`	`76,623` `2,106`		`79,802`
`Interestonloansissued`	`11,836`
		`90,565`		`79,866`
`Directcharitableexpenditure`
`Charitabledonations`	`60,000`		`132,260`
		`(60,000)`		`(132,260)`
`Administrativeexpenses`
`Clerk'shonorarium`
`Investmentmanagementfees`
`Legalandprofessionalfees`
`Accountancyfees`
`Auditfees`
`Bankcharges`
`Sundryexpenses`
`Lossonforeignexchange`
		`(29,931)`		`(30,744)`
`Surplus/(deficit)`		`(634)`		`(83,138)`