| Page | |||
|---|---|---|---|
| Reference and Administrative | Details | ||
| Report of the Trustccs | |||
| Audit Report | |||
| Statement ofFinancial | Activities | ||
| Balance Sheet | 10 | ||
| Cashtlotv Statement |
|||
| Notes to the Financial | Statements | 12-16 |
| REFERENCE AND | REFERENCE AND | AD1VIINISTRATIVE DETAILS | AD1VIINISTRATIVE DETAILS |
|---|---|---|---|
| Trustees | C McAlpine (Chair) | ||
| A N R 1VIcAlpine | |||
| The Hon. D M McAlpine | |||
| G McAlpine | |||
| Secretary | Miss G Bush | ||
| Charity number | 226646 | ||
| Registered | office | Eaton Court | |
| Maylands Avenue |
|||
| Hemel Hempstead | |||
| Hertfordshire HP2 7TR |
|||
| Auditor | Hillier Hopkins LLP | ||
| 51Clarendon Road |
|||
| Watford | |||
| Herts | |||
| WD17 IHP | |||
| Bankers | Lloyds TSBBank | Plc | |
| 11-15Monument | Street | ||
| London | |||
| EC3V 9JA |
| Note | Genre at | General | ||||
|---|---|---|---|---|---|---|
| Fu mls | Funds | |||||
| 2022 | 2021 | |||||
| INCOME AND ENDOWMENTS | FROM: | |||||
| Donations | 136,364 | 100,000 | ||||
| Illvcstnlctlts | 697,899 | 612,479 | ||||
| Other incoming resources |
—exchange profit/(loss) | (14,814) | (34,022) | |||
| Total | 678,457 | |||||
| EXPENDITURE ON: | ||||||
| Raising funds —investment |
management | 1'ees | 30,905 | 28,378 | ||
| Unrecovered overseas taxation |
28,510 | 44,005 | ||||
| Charitahle activities; |
||||||
| Gl"tilts tttltllofiscd | 625,800 | 645,600 | ||||
| Awlitola I't'lllllllcfat toll |
3,540 | 3,360 | ||||
| Total | 688,755 | 721,343 | ||||
| NET (LOSS) / INCOME | I'OR THE YEAR | 130,694 | (42,886) | |||
| OTHER RECOGNISED GAINS | AND LOSSES | |||||
| Gains / (Losses) on investments | 2,798,560 | 3,819,700 | ||||
| NET MOVEMENT IN FUNDS | 2,929,254 | 3,776,814 | ||||
| TOTAL FUNDS BROUGHT FORWARD | ||||||
| I April | 19,219,529 | 15,442,715 | ||||
| TOTAL FUNDS CARRIED FORWARD | 22,148,783 | 19,219,529 | ||||
| 31 March |
| BALANCE | SHEET 31MARCH 2022 | ||||
|---|---|---|---|---|---|
| Note | 2022 | 2021 | |||
| FIXEDASSETS | |||||
| Investments: | |||||
| Listed | 20,935,036 | 17,389,949 | |||
| Unlisted | 3,758 | 7,500 | |||
| 20,938,794 | 17,397,449 | ||||
| CURRENT | ASSETS: | ||||
| Short-term | deposits | 10,097 | |||
| Cash at bank | 1,282,020 | 1,174,952 | |||
| Cash tvith | brokers and agents | 52,317 | 680,359 | ||
| 1,334,337 | 1,865,408 | ||||
| CURRENT | LIABILITIES: | ||||
| Accruals | 4 440 | 3,420 | |||
| Grants payable | 119,908 | 39,908 | |||
| 124,348 | |||||
| NET CURRENT ASSETS | 1,209,989 | 1,822,080 | |||
| TOTAL ASSETSLESSCURRENT LIABILITIES | 22,148,783 | 19,219,529 | |||
| REPRESENTED BY: | |||||
| General Funds | |||||
| Unrestricted | 22,148,783 | 19,219,529 | |||
| 22,148,783 | 19,219,529 |
| CASHFLOW STATEiMENT | AS AT 31MARCH 2022 | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Cash flotv from operating activities |
||||
| Net movement in funds |
2,929,254 | 3776814 | ||
| Interest received | (153) | (2,085) | ||
| Dividends received |
(697,746) | (610,394) | ||
| Decrease / (increase) in dehtors |
||||
| (Decrease) / increase in accruals |
&creditors | 81,020 | (17,380) | |
| (Gains) / losses on investments | (2,798,560) | (3,819,700) | ||
| Net cash flow from operating | activities | (486,185) | (672,744) | |
| Cash flow from investing activities |
||||
| Payments to acquire investments |
(3,287,006) | (2,510,974) | ||
| Receipts from sales of investments | 2,544,22 1 | 2,973,399 | ||
| Interest received | l53 | 2,085 | ||
| Dividends received |
697,746 | 610,394 | ||
| Net cash flow from investing | activities | (44,886) | 1,074,904 | |
| Net increase / (decrease) in cash and cash equivalents | (531,071) | 402,160 | ||
| Cash and cash equivalents at I |
April | l,865,408 | 1,463,248 | |
| Cash and cash equivalents at |
31March | 1,334,337 | 1,865,408 |
| 4. GRANTS AUTH |
ORISED | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Resolved by the Trustees |
to bc allocated | during | |||
| the year cntled 31 March | 625,800 | 645,600 | |||
| Less prior year allocations | written | back | |||
| 625,800 | 645,600 |
| Listed | Unlisted | Total | |||||
|---|---|---|---|---|---|---|---|
| I April 2021 | 17,389,949 | 7,500 | 17,397,449 | ||||
| Additions | 3,287,006 | 3,287,006 | |||||
| Disposals | (1,832,342) | (1,832,342) | |||||
| Net unrealised | gains | 2,090,423 | (3,742) | 2,086,681 | |||
| Investments | listing | in the | year | ||||
| 31 March 2022 | —market | value | 20,935,036 | 3,758 | 20,938,794 | ||
| Cost at 31March | — | 2022 | 15,733,671 | 73,248 | 15,806,919 | ||
| 2021 | 14,279,007 | 73,248 | 14,352,255 |
| 7. DEBTORS |
7. DEBTORS |
||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||||
| Due lvithln | ol'Ic ycal: | ||||||||
| Due from | brokers and agents | ||||||||
| Tax recoverable | |||||||||
| 8. FINANCIAL INSTRUMENTS |
|||||||||
| The carrying amounts of the charity's |
financial | instruments | are as follolvs: | ||||||
| 31 | March | 31 March | |||||||
| 2022 | 2021 | ||||||||
| Total | Total | ||||||||
| Financial | Assets | ||||||||
| Measured | at f'air value | through | net income: | ||||||
| Listed and | unlisted investments |
20,938,794 | 17,397,449 | ||||||
| Measured | at amortised | cost: | |||||||
| Cash | 1,334,337 | 1,865,408 | |||||||
| 22,273,131 | 19,262,857 | ||||||||
| Financini | Lialstiiries | ||||||||
| Measured | at amortised | cost: | |||||||
| Creditors | 124,348 | 43,328 | |||||||
| 124,348 | 43,328 | ||||||||
| 9. MOVEMENT |
IN FUNDS | ||||||||
| Unrestricted funds |
2022 | ||||||||
| At I April |
2021 | 19,219,529 | |||||||
| Inconllng | I'csoul'ccs | 819,449 | |||||||
| Resources | expended | f688,755) | |||||||
| Otlmr recognisctl gains |
and losses | 2,798,560 | |||||||
| At 31 March 2022 | 22,148,783 |
| Unrestricted | ||
|---|---|---|
| Funds | ||
| Fixed asset investments | 20,938,794 | |
| Current | assets | 1,334,337 |
| Current | liabilities | (124,348) |
| At 31 March 2022 | 22,148,783 |