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||||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||
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|||||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|||||||
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|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|
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|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|
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|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|
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||||||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|
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