| Page | |||
|---|---|---|---|
| Reference and administrative | details ofthe charity, its trustees and advisers | ||
| Trustees' report | |||
| Independent auditors' |
report | 7-10 | |
| Statement offinancial | activities | ||
| Balance sheet | 12 | ||
| Notes to the financial | statements | 13-22 |
| REFERENCE AND | REFERENCE AND | ADMINISTRATIVE | ADMINISTRATIVE | DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS | DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS | DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS |
|---|---|---|---|---|---|---|
| FOR THE YEAR | ENDED 31 DECEMBER 2021 | |||||
| Trustees | Mr E Whitley | |||||
| Mrs P A Whitley | ||||||
| Mr EJ Whitley | OBE | |||||
| Mr J Whitley | ||||||
| Mrs V Thompson | ||||||
| Charity registered | ||||||
| number | 236746 | |||||
| Principal office | 9Corve Street | |||||
| Ludlow | ||||||
| Shropshire | ||||||
| SY8 1DE | ||||||
| Secretary | Mrs SSmith | |||||
| Independent | auditors | WR Partners | ||||
| Chartered accountants |
||||||
| Belmont House | ||||||
| Shrewsbury | Business | Park | ||||
| Shrewsbury | ||||||
| Shropshire | ||||||
| SY26LG | ||||||
| Bankers | National Westminster | Bank PLC | ||||
| 217Dean Street | ||||||
| The Telford | Centre | |||||
| Telford | ||||||
| Shropshire | ||||||
| TF34BT | ||||||
| Solicitors | mfg Solicitors LLP | |||||
| 9Corve Street | ||||||
| Ludlow | ||||||
| Shropshire | ||||||
| SY8 1DE | ||||||
| Investment | Advisors | Cannaccord | Genuity Wealth | Limited | ||
| 41 Lothbury | ||||||
| London | ||||||
| EC2R 7AE |
| General | Total | Total | ||||
|---|---|---|---|---|---|---|
| Capital fund | fund | funds | funds | |||
| 2021 | 2021 | 2021 | 2020 | |||
| Note | ||||||
| INCOME AND ENDOWMENTS | FROM: | |||||
| investments | 370,841 | 370,841 | 296,766 | |||
| TOTAL INCOME AND ENDOWMENTS | 370,841 | 370,841 | 296,766 | |||
| EXPENDITURE ON: | ||||||
| Raising funds Charitable activities |
51,923 245,064 |
51,923 245,064 |
46,055 274,438 |
|||
| TOTAL EXPENDITURE | 296,987 | 296,987 | 320,493 | |||
| NET INCOME / (EXPENDITURE) BEFORE |
||||||
| OTHER RECOGNISED GAINS | AND | |||||
| LOSSES | 73,854 | 73,854 | (23,727) | |||
| Gains/(losses) on investments |
1,045,645 | 1,045,645 | (132,874) | |||
| NET MOVEMENT IN FUNDS |
1,045,645 | 73,854 | 1,119,499 | (156,601) | ||
| RECONCILIATION OF FUNDS: |
||||||
| Total funds brought forward |
10,554,930 | 251,372 | 10,806,302 | 10,962,903 | ||
| 11,600,575 | 325,226 | 11,925,801 | '/0, 806,302 | |||
| TOTAL FUNDS CARRIED FORWARD |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Note | |||||
| FIXEDASSETS | |||||
| Investments | 11,600,515 | 10,554,934 | |||
| CURRENT ASSETS | |||||
| Debtors | 348 | 331 | |||
| Cash at bank and in hand | 346,421 | 279,272 | |||
| 346,769 | 279,603 | ||||
| CREDITORS: amounts | falling due within | ||||
| one year | 12 | (21,543} | (23,235) | ||
| NET CURRENT ASSETS | 325,226 | 256,368 | |||
| TOTAL ASSETSLESS | CURRENT LIABILITIES | 11,925„801 | 10,811,302 | ||
| CREDITORS: amounts | falling due after | ||||
| more than one year | 13 | (5,000) | |||
| NET ASSETS | 11,925,801 | 10,806,302 | |||
| CHARITYFUNDS | |||||
| Capital fund | 14 | 11,600,575 | 10,554,930 | ||
| General fund | 14 | 325,226 | 251,372 | ||
| TOTAL FUNDS | 11,925,801 | 10,806,302 |
| General | Total | Total | ||
|---|---|---|---|---|
| fund | funds | funds | ||
| 2021 | 2021 | 2020 | ||
| Equities and unit trusts | 273,001 | 273,001 | 201,140 | |
| U.K. Government | Stocks | 5,532 | ||
| Other fixed interest | 97,840 | 9?,840 | 88,374 | |
| Bank interest - gross | 'l,720 | |||
| 3?0,841 | 370,841 | 296,766 | ||
| Total 2020 | 296,766 | 296,766 |
| 3. | ANALYSIS | OF EXPENDI | TURE | BYEXPENDITUR | E TYPE | ||
|---|---|---|---|---|---|---|---|
| Other costs | Total | Total | |||||
| 2021 | 2021 | 2020 | |||||
| F | |||||||
| Expenditure | on investment | management | 51,923 | 51,923 | 46,055 | ||
| Costs ofraising funds | 51,923 | 51,923 | 46,055 | ||||
| Direct costs | - Activities | 245,064 | 245,064 | 274,438 | |||
| 296,987 | 296,987 | 320,493 | |||||
| Total 2020 | 320,493 | 320,493 | |||||
| 4. | INVESTMENT MANAGEMENT | COSTS | |||||
| General | Total | Total | |||||
| fund | funds | funds | |||||
| 2021 | 2021 f. |
2020f | |||||
| Investment | management | fees | 51,923 | 51,923 | 46,055 | ||
| Total 2020 | 46,055 | 46,055 |
| ANALYSIS | OF EXPENDITURE B | YACTIVITIES | |||
|---|---|---|---|---|---|
| Grant | |||||
| funding of |
Support | ||||
| activities | costs | Total | Total | ||
| 2021 | 2021 | 2021 | 2020f | ||
| Charitable | expenditure | 222,975 | 22,089 | 245,064 | 274,438 |
| Total 2020 | 250,000 | 24,438 | 274,438 |
| ANALYSIS | OF GRANTS | |||||
|---|---|---|---|---|---|---|
| Grants to | ||||||
| Institutions | Total | Total | ||||
| 2021 | 2021 | 2020 | ||||
| Grants, Institutional |
222,975 | 222,975 | 250,000 | |||
| Total 2020 | 250,000 | 250,000 | ||||
| 2021 | 2020 | |||||
| Whitley Fund for Nature |
132,475 | 145,000 | ||||
| Oxford WILDCRU | 25,000 | 25,000 | ||||
| Sustainable | Inshore Fisheries | Trust | 23,000 | 22,500 | ||
| Game and | Wildlife Conservation | Trust - Curlew Country | 20,000 | 30,000 | ||
| Blue Marine | Trust | 5,000 | 5,000 | |||
| COAST | 5,000 | 5,000 | ||||
| Fauna and | Flora International | -General | 5,000 | 5,000 | ||
| RSPBScotland - Capercaillie | 2,500 | 5,000 | ||||
| Scottish Seabirds Centre | 2,500 | 5,000 | ||||
| Association | for the Protection | of Rural Scotland | 2,500 | 2,500 | ||
| Total | 222,975 | 250,000 |
| SUPPORT C | OSTS | ||||
|---|---|---|---|---|---|
| Total | Total | ||||
| Activities | 2021 | 2020 | |||
| F | E | ||||
| Auditor's remuneration |
6,480 | 6,480 | 5,958 | ||
| Accountancy | services | 9,048 | 9,048 | 8,350 | |
| Legal fees | 5,730 | 5,730 | 9,322 | ||
| Bank charges | 12 | 12 | 41 | ||
| Trustee's indemnity |
insurance | 819 | 819 | 767 | |
| 22,089 | 22,089 | 24,438 | |||
| Total 2020 | 24,438 | 24,438 |
| FIXEDASSE | T INVESTMENTS | |||
|---|---|---|---|---|
| Listed | Other | |||
| securities | investmentsf | Total | ||
| Market value | ||||
| At 1 January | 2021 | 9,707,596 | 847,338 | 10,554,934 |
| Additions | 622,431 | (280,554) | 341,877 | |
| Disposals | (341,881) | (341,881) | ||
| Revaluations | 1,045,645 | 1,045,645 | ||
| At 31 December 2021 | 11,033,791 | 566,784 | 11,600,575 | |
| Investments | at market value comprise: | |||
| 2021 | 2020 | |||
| Listed investments | 11,033,791 | 9,707,592 | ||
| Other fixed asset investments | 566,784 | 847,338 | ||
| Total market | value | 11,600,575 | 10,554,930 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Accruals and deferred income |
16,543 | 18,235 | |||
| Grants accrued - institutional | (included | in Notes 5 8 6) | 5,000 | 5,000 | |
| 21,543 | 23,235 | ||||
| 13. | CREDITORS: Amounts falling due after more than one year |
||||
| 2021 | 2020 | ||||
| Grants accrued - institutional | (induded | in Notes 58 6) | 5,000 |
| STATEMEN | T OF FUNDS - CURRENT Y | EAR | ||||
|---|---|---|---|---|---|---|
| Balance at | ||||||
| Balance at | 31 | |||||
| 1January | Gains/ | December | ||||
| 2021 | Income | Expenditure | {Losses) | 2021 | ||
| General fund | ||||||
| General Funds | 251,372 | 3?0,841 | {296,987} | 325,226 | ||
| Capital fund | ||||||
| Endowment | Funds | 10,554,930 | 'I,045,645 | 11,600,575 | ||
| Total offunds | 10,806,302 | 370,841 | {296,987) | 1,045,645 | 11,925,801 | |
| STATEMENT OF FUNDS - PRIOR YEAR | ||||||
| Baiance at | ||||||
| Baiance at | 31 | |||||
| 1January | Gains/ | December | ||||
| 2020 | Income | Expenditure | (Losses) | 2020 | ||
| E | ||||||
| General Funds | 276,635 | 296,766 | (320,493) | (1,536) | 251,372 | |
| Endowment | Funds | 10,686,268 | (131,338) | 10,554,930 | ||
| Total offunds | 10,962,903 | 296,766 | (320,493) | (132,874) | 10,806,302 |
| Balance at | ||||||
|---|---|---|---|---|---|---|
| Balance at | 31 | |||||
| 1 January | Expenditur | Gains/ | December | |||
| 2021 | Incomef | e | (Losses) | 2021f | ||
| General | fund | 251,372 | 370,841 | (296,9&7) | 325,226 | |
| Capital | fund | 10,554,930 | 1,045,645 | 11,600,575 | ||
| 10,806,302 | 370,&41 | (296,987) | 1,045,645 | 11,925,801 | ||
| SUMMARY OF FUNDS - PRIOR YEAR | ||||||
| Balance at | ||||||
| BaIance at | 31 | |||||
| 1January | Gains/ | December | ||||
| 2020 | Income | Expenditure | (Losses) | 2020 | ||
| General | fund | 276,635 | 296,766 | (320,493) | (1,536) | 251,372 |
| Capital | fund | 10,686,268 | (131,338) | /0,554,930 | ||
| 10,962,903 | 296,766 | (320,493) | (132,874) | 10,806,302 |
| ANALYSIS OF NET ASSETS BETWEEN FUND | S -CURRENT YEAR | ||
|---|---|---|---|
| General | Total | ||
| Capital fund | fund | funds | |
| 2021 | 2021f | 2021 | |
| Fixed asset investments Current assets |
11,600,575 | 346,769 | 11,600,575 346,769 |
| Creditors due within one year | (21,543) | (21,543) | |
| 11,600,575 | 325,226 | 11,925,801 |
| ANALYSIS OF NET ASSETSBETWEEN FUNDS - | PRIOR YEAR | ||
|---|---|---|---|
| Capital fund | General fund | Total | |
| funds | |||
| 2020 | 2020 | 2020 | |
| Fixed asset investments | 10,554,930 | 10,554,930 | |
| Current assets | 279,603 | 279,603 | |
| Creditors due within one year Creditors due in more than one year |
(23,231) (5,000) |
(23,231) (5,000) |
|
| 10,554,930 | 251,372 | 10,806,302 |