2021-03-31-accounts

						Unrestricted	Permanent	Total	Total
						Income	Endowment	Funds	Funds
						Funds	Funds
					Note	2021	2021	2021	2020
						E	E	6	E
Income and endowments			from:
Investment income.
- Dlvlclencis						21 3,450		213,450	278,029
- The Chanties Property			Fund			73,273		73,273	77,498
-Gross interest						61,971		61,971	63,732
Total income						348,694		348,694	419,259
Expenditure on:
Raising funds- investment				manager fees	5.	64,205		64,205	76,039
Chantable activities		—grants		payable	12	192,421		192,421	314,149
Other expenditure					3.	29,375		29,375	29,100
Total expenditure						286,001		286,001	419,288
Net gains/(losses)	on investments
- realised							(22,735)	(22,735)
-unrealised							1,158,289	1,158,289	(1,131,525)
Net income/(expenditure)
and net movement		In funds				62,693	1,135,554	1,198,247	(1,131,554)
Reconciliation offunds:
Total funds brought		forward				9,115	7,589,959	7,599,074	8,730,628
Total funds carried		forward				71,808	8,725,513	8,797,321	7,599,074

						2021		2020
				Note		6	E	E
Fixed Assets
Investments
	The Charities	Property	Fund			1,614,080		1,641250
	Quoted Investments					6,906,081		5,747,901
	Bank Deposit					43,033		57,799
Programme related invesrments						13,800		13,800
						8,576.994		7,460,750
Current	Assets
Debtors				8.	22,406		22,023
Cash at	Bank				2'I1,200		136,414
					233,606		158,437
Creditors
Amounts	falling due within one		year	9.	(13,2791		(20,113l
Net Current Assets						220,327		'l38,324
Net Assets						8,797,321		7,599,074
Charity	Funds Endowment	fund				8,725,513		7,589,959
	Unrestricted	income	fund			71,808		9,115
Total charity funds				10.		8,797,321		7,599,074

				Note	2021	2020
						E
Net cash flow from operating		activities		4.	74,786	45,825
Net increase in cash and	cash	equivalents			74,786	45,825
Cash and cash equivalents	at	the beginning	ofthe year		136,414	90,589
Cash and cash equivalents	at	the end ofthe	year		211,200	136,414
Cash and cash equivalents	comprises:
Cash at bank and in hand					211,200	136,414
Short term deposits
Cash and cash equivalents	at	the end ofthe	year		211,200	136,414

			2021	2020
			f	6
Other expenditure
Audit ofthe financial statements			3,600	3,600
Preparation ofthe financial statements			'l,470	1,440
Gepp 8 Sons Soliotors LLP:financial	administration,	legal and other expenses	24,200	24,000
Bank charges			105	60
			29,375	29,100

			2021f	2020 E
Net income/(expenditure) foryear			1,198,247	(1,131,554)
Management fees deducted from	investment	portfolio	19,310	25,420
(Gains)/losses on investments			O,135,554)	1,131,525
Programme related investments				16,530
(Increase)/decrease in debtors			(383)	223
(Decrease)/increase in creditors			(6,834)	3,681
Net cash outflow from operating	activities		74,786	45,825

		NOTES TO THE	NOTES TO THE	FINANCIAL STATEMENTS	FINANCIAL STATEMENTS	FINANCIAL STATEMENTS
		FOR1?IEYEAR ENDED 31 MARCH 2021
							2021		2020
Investment Management costs							E		E
The Chanties Property	Fund					0.56	9,190	0.57	9,328
Cazenove Capital —Quarterly management				fees		0.28	19,296	0.37	25,502
Cazenove Capital —Internal		fund management			fees	0.51	35,719	0.59	41,209
							64,205		76,039
							2021		2020
Investments
							f		E
The Charities Property	Fund					18.85	1,614,080	22.04	1,641,250
UK Equities Unit Trust
Cazenove Equity Income Trust for Charities						33.18	2,841,072	33.12	2,466,321
Schroder UK Corporate	Bond Fund 2					11.27	966,256	11.01	820,549
M 8 G Investment Global Dividend						920	787,554	7.45	554,580
Schroder International	Selection Fund:
Strategic Credit Fund						5.49	470,279	5.53	411,456
UK Government Bonds.
iShares GBP Index-Linked		Gilts				7.78	666,032	8.75	651,513
Fidelity Global Dividend	Fund					5.69	487,318	5.56	413,893
Schroder: Asian income	Fund					460	393,527	3.69	274,821
Schroder. European Alpha		Income Fund						2.08	154,768
Polar Capital European	Ex	UK Income				1.93	165,964
Atlas Global infrastructure		Fund				1.49	128,079
							8,520,161		7,389,151
Portfolio cash - Cazenove		Capital	Cash Deposit		Account	0.52	43,033	078	57,799
						100.00	8,563,194	100.00	7,446,950
Shares and secudities —movement			in year
Market value at 1 April	2020 and		1 April 2019				5,747,901		6,833,536
Additions							270,000
Disposals							(297,279)
Unrealised gain/(loss)							1,185,459		(1,085,635)
Market value at 31 March		2021 and 31 March			2020		6,906,081		5,747,901

						NOTES	TOTHE FINANCIAL	STATEMENTS	STATEMENTS
						FORTHE YEAR ENDED 31		MARCH 2021
									2021 E	2020f
	The Charities			Properly	Fund —movement		in year
	Market value			at 1 April	2020 and	I April	2019		1,641,250	1,687,140
	Llnreaksed		loss						(27,170)	(45,890)
	Market value			at 3'I March 2021 and 31 March 2020					1,614,080	1,641,250
									2021	2020
									E	E
	Programme		related investments			-loans
	Frenford	Clubs							13,800	13,800
	The Frenford			Clubs loan has a repayment			period of4years	No interest	is charged.
									2021	2020
									E	E
	Debtors
	Accrued	income							22,406	22,023
									2021	2020
									E	E
	Creditors	due		within one year
	Accrued	grants payable								3,420
	Accrued	expenses							7,140	10,540
	Other creditors								6,139	6,153
									13,279	20,113
10,	Movement		In	funds for	the financial year
								Income	Endowment	Total
								f	E	E
	Balance	at	1 Apnl 2020					9,115	7,589,959	7,599,074
	Movement		in	funds for	the year			62,693	1,135,554	1,198,247
	Balance	at	31	March 2021				71,808	8,725,513	8,797,321
	Consisting		of:
	Fixed asset		investments					13,800	8,563,194	8,576,994
	Current	assets						71,287	162,319	233,606
	Current	liabilities						(13,279)		(13,279)
								71,808	8,725,513	8,797,321

Institution		Relationship	tothe	(ifapplicable)	(ifapplicable)	Grant made
						E
Essex Boys'	and Girls' Clubs	J P. Douglas	Hughes	is chairman	and MJ. Dyer &JA. Rogers are trustees	42000
Cirdan Saikng Trust		J P. Douglas-Hughes		isTrustee		50,000
North Avenue Youth Centre						I 2,000
Chain Reaction Theatre Company		MJ. Dyer is	Chairman			15,000
Sea Change	Projects Ltd	J.Courtauld	is a patron (resigned		19/08/2020)	5,000
Lambourne	End					10,000
						134,000
Other grants						58,421
						192,421

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