2021-04-05-accounts - Newby Trust Limited

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Edward Barnsley	Education	Education	f15,000 payable over 3years
Lancashire Youth	Challenge		810,000
ReachOut Youth			810,000
Into Uni			810,000
Chain Reaction Theatre		Co	85,000
Change ofScene			86,800
Economist Educational		Foundation	F8,000
Youth Adventure	Trust		L'6,000
The Access Project			810,000

Freedom from Torture	Freedom from Torture	E5,000
Growing Well		E6,500
Healthbus Trust		F5,000
Ovarian Cancer Action		624,000
Action for Elders		E5,000
Blue Smile		610,000
Mothers for Mothers		E5,000
RAW Workshop		E5,000
Ride High		E10,000
Visyon		810,000
Youth Counselling	Project	E5,000

525,500was sp	ent on the s	pecial categ
Fine Cell Work		53,000
InfoBuzz		97,500
LifeCycle UK		F5,000
The Switchback	Initiative	910,000

In April 2020 the company	a special fund to provide	support	during
Covid-19 pandemic. L'92,000was spent on the Covid-1 9Special		Fund and grants were made	to:
Education
Copenhagen Youth Project	E5,000
Prospex	E5,000
Yes Futures	F5,000
Quest for Learning	F3,000
Health
Healthbus Trust	R3,000
Dorset Mind	E3,000
Welfare
Feeding Families	L'5,000
League ofthe Helping Hand Wintercomfort for the Homeless	L'5,000 f5,000
Providence Row	E5,000
Age UK, N.S.&W. Dorset	L'2,000
St.John's Centre, Old Trafford	53,000
Dovecot and Princess Drive
Community Association	E2,000
Pembroke House—
Pembroke College Settlement Twyn Community Hub	95,000 f3,000
Rural Coffee Caravan Woman's Trust GL11 Community Project	92,000 f3,000 f5,000
Amazing Graze	53,000
Bus Shelter Milton Keynes	E5,000
Don't Lose Hope Help Bristol's Homeless	95,000 f5,000
Youth and Families Matter	55,000

				Unrestricted	Endowment	Total	Total
				Fund	Fund	2021	2020
			Notes	E	E	E
TOTAL INCOME
Investment income				422,956		422,956	457,023
				422,956		422,956	457,023
EXPENDITURE
Cost ofraising funds:
Investment management		costs	6	873	99,774	100,647	101,193
Charitable activities:
Education Health Welfare Miscellaneous				124,921 105,910 240,687 10,855		124,921 105,910 240,687 10,855	125,768 184,543 129,230
Cost ofgrant making				482,373		482,373	439,541
TOTAL EXPENDITURE				483,246	99,774	583,020	540,734
Net expenditure for the
year before gains	and losses		on
investments				(60,290)	(99,774)	(160,064)	(83,711)
Net gains/ (losses)	on
investment assets			12		5,676,417	5,676,417	(2,160,393)
Net (expenditure)	/ income
before transfers				(60,290)	5,576,643	5,516,353	(2,244,104)
Transfers			10	20,045	(20,045)
Net expenditure for the		year/
Net movement in	funds			(40,245)	5,556,598	5,516,353	(2,244,104)
Reconciliation of	funds
Total funds brought forward				406,186	19,572,671	19,978,857	22,222,961
TOTAL FUNDS CARRIED FORWARD				365,941	25,129,269	25,495,210	19,978,857

		Unrestricted	Endowment	Total	Total
		Fund	Fund	2021	2020
	Notes	E	8	E
FIXEDASSETS
Tangible fixed assets	11	1,066		1,066
Listed investments	12	34,940	25,155,343	25,190,283	19,584,918
		36,006	25,155,343	25,191,349	19,584,918
CURRENT ASSETS
Debtors Cash at bank and in hand	13	95,823 422,415		95,823 422,415	66,989 565,363
TOTAL CURRENT ASSETS		518,238		518,238	632,352
LIABILITIES
Creditors falling due within
one year	14	(175,303)	(26,074)	(201,377)	(230,413)
NET CURRENT ASSETS		342,935	(26,074)	316,861	401,939
TOTAL ASSETS LESS
CURRENT LIABILITIES		378,941	25,129,269	25,508,210	19,986,857
Creditors falling due after
more than one year	14	(13,000)		(13,000)	(8,000)
NET ASSETS		365,941	25,129,269	25,495,210	19,978,857
THE FUNDS OF THE CHARITY
Endowment fund
Expendable endowment			16,790,287	16,790,287	16,519,153
Revaluation reserve			8,338,982	8,338,982	3,053,519
Unrestricted income fund		365,941	-	365,941	406,185
		365,941	25,129,269	25,495,210	19,978,857

UNRESTRICTED INVES	TMENT INCOME
		2021	2020
Gross income receivable	from listed investments	422,774	450,998
Gross income receivable	from cash held as part ofthe
investment porffolio			4,431
Gross interest receivable	from monies on bank deposit	182	1,594
		422,956	457,023

The breakdo in the table	wn ofsup below.	port costs and how thes	e were allocated on the ba	sis of staff tim	e, is shown
2021			Cost of
Cost type			raising	Charitable	2021
			funds	activities	Total
			6	6	6
Salary (one	employee	only)	425	20,847	21,272
Depreciation	office equipment		11	522	533
General expenses			37	1,794	1,831
Governance	costs (note 9)		400	19,610	20,010
Total			873	42,773	43,646
2020			Cost of
Cost type			raising	Charitable	2020
			funds	activities	Total
				E	6
Salary (one	employee	only)	423	20,745	21,168
General expenses			30	1,465	1,495
Governance	costs (note 9)		375	18,369	18,744
Total			828	40,579	41,407

The total support cost attributable to c grants awarded as shown in the table	haritable activities is then apportioned pro below.	rata to the value o
Total costs	2021	2020
Education	11,121	11,768
Health	9,410	17,043
Welfare	21,387	11,768
Miscellaneous	855

2021			Unrestricted	Endowment	2021
			Fund	Fund	Total
					E
Investment Professional	management fees	fees		99,774	99,774
Governance	and support	costs (note 5)	873		873
Total			873	99,774	100,647
2020			Unrestricted	Endowment	2020
			Fund	Fund	Total
			E	E
Investment	management	fees		97,155	97,155
Professional	fees			3,210	3,210
Governance	and support	costs (note 5)	828		828
Total			828	100,365	101,193

		General		Total	Governance
		fund		grant	and
2021	General	special	Covid-19	funded	support	2021
	fund 8	category 8	fund	activity	costs	Totalf
Education	95,800		18,000	113,800	11,121	124,921
Health	90,500		6,000	96,500	9,410	105,910
Welfare	125,800	25,500	68,000	219,300	21,387	240,687
Miscellaneous	10,000			10,000	855	10,855
Total	322,100	26,500	92,000	439,600	42,773	482,373

		General	Total	Governance
		fund	grant	and
2020	General	special	funded	support	2020
	Fund	category6	activity f	costs	Total 6
Education	114,000		114,000	11,768	125,768
Health	100,000	67,500	167,500	17,043	184,543
Welfare	117,462		117,462	11,768	129,230
Total	331,462	67,500	398,962	40,579	439,541

EDUCATION
15grants to institutions	ofover E1,000each		113,800
HEALTH
13grants to institutions	ofover E1,000each		96,500
WELFARE
31 grants to institutions	ofE1,000and over	219,500
Less: refunds		(200)
			219,300
MISCELLANEOUS
1 grant to an institution	ofover E1,000		10,000
Total grant payments,	less refunds		439,600

			Unrestricted	Unrestricted	Unrestricted
			Fund	Fund	Fund	Endowment		Total
			General	Covid-19	Total	Fund		2021
			E		E	E		E
	2021
	Transfer for20% allocation of
	investment	manager fees
	charged in full to the expendable
	endowment	fund	(19,955)		(19,955)	19,955
	Transfers to Covid-1 9special
	fund		52 000	92,000	40,000	40 000
			71,955	92,000	20,045	20,045
			Unrestricted	Unrestricted	Unrestricted
			Fund	Fund	Fund	Endowment		Total
			General	Covid-19	Total	Fund		2020
			E		E	E		E
	2020
	Transfer for20% allocation of
	investment	manager fees
	charged in	full to the expendable
	endowment	fund	19431		19,431	19,431
			19431		19,431	19,431
11	TANGIBLE FIXEDASSETS				Office
					Equipment		Total
					K		E
	Cost
	Addition				1,599		1,599
	At 5 April	2021			1,599		1,599
	Depreciation
	Charge for the year				533		533
	At 5 April 2021				533		533
	Net book	value
	At 5April 2021				1,066		1,066

LISTED INVES	TMENTS	Endowment
		Fund
Total
Total investments	at 5April 2020	19,584,918
Less: Cash balance		(816,606)
Market value at 5	April 2020	18,768,312
Less: Unrealised	appreciation	(3,053,519)
Cost at 5 April 2020		15,714,793
Add: Purchases	at cost	2,733,542
Less: Disposals	at cost	(2,366,660)
Cost at 5 April 2021		16,081,675
Add: Unrealised	appreciation	8,338,982
Market value at 5	April 2021	24,420,657
Add: Cash balance		769,626
Total investments	at 5April 2021	25,190,283

The directors consider that ther disclosure.	e were no	material individual inve	stment holdings in the yea	r that require
Reconciliation ofmovements	in unrealised
gains on investment assets ofEndowment		Fund
			2021	2020
			6	8
Realised gain/(loss) for the year			348,748	120,561
Increase/(decrease) in unrealised	gain at the	year end	5,327,669	(2,280,954)
Net gain/(loss) for the year Brought forward losses/(profits)	crystallised		5,676,417	(2,160,393)
in the year			(390,954)	(1,760,749)
Net movement in unrealised gain			5,285,463	(3,921,142)
Unrealised gains at 6 April 2020			3,053,519	6,974,661
Unrealised gains at 5 April 2021			8,338,982	3,053,519

		FOR THE Y	FOR THE Y	EAR ENDED 5	EAR ENDED 5	APRIL 2	021
		Unrestricted		Endowment		Total	Unrestricted	Endowment	Total
			Fund	Fund		2021	Fund	Fund	2020
			F		K		8	6	6
13	DEBTORS
	Other debtors		8,043			8,043	14,640		14,640
	Prepayments and accrued income		87,780			87,780	52,349		52,349
			95,823			95,823	66,989		66,989
14	CREDITORS: Amounts	falling due within one			year
	Grants payable:
	Education Health Welfare		34,000 108,000 11,630			34,000 108,000 11,630	59,000 105,000 28,630		59,000 105,000 28,630
	Other creditors and accruals		153,630 21,673	26,074		153,630 47,747	192,630 17,503	20,280	192,630 37,783
			175,303	26,074		201,377	210,133	20,280	230,413
	CREDITORS: Amounts	falling due after more
	than one year
	Grants payable:
	Education		13,000			13,000	8,000		8,000
	Health
	Welfare
			13,000			13,000	8,000		8,000
15	MOVEMENT IN RECOGNISED GRANT COMMITMENTS							2021	2020
								E	E
	Charitable commitments	accrued
	Charitable commitments	recognised at the start ofthe				year		200,630	179,000
	New grant commitments	charged to the		SOFA in	year	(note 7)		439,600	398,962
	Grants paid during the year						(473,600)		(377,332)
	Amount ofgrant commitments		recognised at 5 Apdl 2021					166,630	200,630

ANALYSIS	OF CHARIT	ABLE FUNDS
Analysis of	fund	Balance at					Fund at
movements		5April 2020 E	Income 8	Expenditure 8	Transfers E	Gains and (losses) 8	5 April 2021
Unrestricted	fund
General Covid-19		406,186	422.956	(391,246) (92,000)	(71,955) 92,000		365,941
Total		406,186	422,956	(483,246)	20,045		365,941
Expendable	endowment	19,572,671		(99,774)	(20,045)	5,676,417	25,129,269
Total charitable funds		19,978,857	422,956	(583,020)		5,676,417	25,495,210

Analysis of	fund	Balance at					Fund at
movements		5April 2019 E	Income	Expenditure E	Transfers 6	Gains and (losses) 8	5April 2020 8
Unrestricted	fund
General Covid-19		408,963	457,023	(440,369)	(19,431)		406,186
Total		408,963	457,023	(440,369)	(19,431)		406,186
Expendable	endowment	21,813,998		(100,365)	19,431	(2,160,393)	19,572,671
Total charitable funds		22,222,961	457,023	(540,734)		(2,160,393)	19,978,857

			Unrestricted	Endowment	Total
			Fund	Fund	2020
		Notes	8	E	8
TOTAL INCOME
Investment income			457,023		457,023
			457,023		457,023
EXPENDITURE
Cost of raising funds:
Investment management	costs		828	100,365	101,193
Charitable activities:
Education			125,768		125,768
Health			184,543		184,543
Welfare			129,230		129,230
Cost ofgrant making			439,541		439,541
TOTAL EXPENDITURE			440,369	100,365	540,734
Net income/(expenditure)	for the
year before gains and losses on
investments			16,654	(100,365)	(83,711)
Net gains/(losses) on investment		assets		(2,160,393)	(2,160,393)
Net income/(expenditure)	before	transfers	16,654	(2,260,758)	(2,244,104)
Transfers			(19,431)	19,431
Net expenditure for the	year/
Net movement in funds			(2,777)	(2,241,327)	(2,244,104)
Total funds brought forward			408,963	21,813,998	22,222,961
TOTAL FUNDS CARRIED FORWARD			406,186	19,572,671	19,978,857

		Unrestricted	Endowment	Total
		Fund	Fund	2020
	Notes	8	6	E
FIXEDASSETS
Listed investments	12		19,584,918	19,584,918
			19,584,918	19,584,918
CURRENT ASSETS
Debtors	13	66,989		66,989
Cash at bank and in hand		557,330	8,033	565,363
TOTAL CURRENT ASSETS		624,319	8,033	632,352
LIABILITIES
Creditors falling due within one year	14	(210,133)	(20,280)	(230,413)
NET CURRENT ASSETS		414,186	(12,247)	401,939
TOTAL ASSETSLESSCURRENT
LIABILITIES		414,186	19,572,671	19,986,857
Creditors falling due aRer more
than one year	14	(8,000)		(8,000)
NET ASSETS		406,186	19,572,671	19,978,857
THE FUNDS OF THE CHARITY
Endowment fund
Expendable endowment			16,519,152	16,519,152
Revaluation reserve			3,053,519	3,053,519
Unrestricted income fund		406,186	-	406,186
		406,186	19,572,671	19,978,857

HEALTH
Alive Activities		20,000"
Lost Chord		10,000
Penny Brohn Cancer	Care	25,000
Ride High		10,000
The Wave Project		20,000*
Beyond the Horizon	Charity	5,000
Freedom from Torture		5,000
Tor Support Services		5,000
			100,000

The Compassionate	9,000
The Dove Service	10,500
The Harbour	10,000
Omega Care	8,000
Rosemary Foundation	10,000
Rowans Hospice	10,000
SeeSaw	10,000
		67,500

WELFARE
Riding for the Disabled			1,000
Feeding Families			10,000
St Chad's Sanctuary			10,000
Sporting Family Change			10,000
White City Youth Theatre			5,000
Culpepper Community	Garden		5,000
Home-Start Butser			6,630
Kids Run Free			12,000
Street Storage			8,870
R L Glasspool Charitable		Trust	50,000
Less: refunds