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|||||||Unrestricted|Permanent|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||||Income|Endowment|Funds|Funds|
|||||||Funds|Funds|||
||||||Note|2021|2021|2021|2020|
|||||||E|E|6|E|
|Income and endowments|||from:|||||||
|Investment<br>income.||||||||||
|- Dlvlclencis||||||21 3,450||213,450|278,029|
|- The Chanties<br>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<br>on:||||||||||
|Raising funds- investment||||manager fees|5.|64,205||64,205|76,039|
|Chantable<br>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<br>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<br>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<br>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<br>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<br>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<br>E|
|---|---|---|---|---|
|Net income/(expenditure)<br>foryear|||1,198,247|(1,131,554)|
|Management<br>fees deducted<br>from|investment|portfolio|19,310|25,420|
|(Gains)/losses<br>on investments|||O,135,554)|1,131,525|
|Programme<br>related investments||||16,530|
|(Increase)/decrease<br>in debtors|||(383)|223|
|(Decrease)/increase<br>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<br>Management<br>costs|||||||E||E|
|The Chanties<br>Property|Fund|||||0.56|9,190|0.57|9,328|
|Cazenove<br>Capital —Quarterly<br>management||||fees||0.28|19,296|0.37|25,502|
|Cazenove<br>Capital —Internal||fund management|||fees|0.51|35,719|0.59|41,209|
||||||||64,205||76,039|
||||||||2021||2020|
|Investments||||||||||
||||||||f||E|
|The Charities<br>Property|Fund|||||18.85|1,614,080|22.04|1,641,250|
|UK Equities Unit Trust||||||||||
|Cazenove<br>Equity Income Trust for Charities||||||33.18|2,841,072|33.12|2,466,321|
|Schroder<br>UK Corporate|Bond Fund 2|||||11.27|966,256|11.01|820,549|
|M 8 G Investment<br>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<br>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<br>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<br>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<br>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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