| Page | ||||
|---|---|---|---|---|
| Reference and Administrative Details |
||||
| Report ofthe Trustees | 2 | to | 3 | |
| Independent Examiner's Report |
||||
| Statement ofFinancial | Activities | |||
| Balance Sheet | ||||
| Notes to the Financial | Statements | 7 | to | 14 |
| Detailed Statement of | Financial Activities | 15 |
| TRUSTEES | GLFlight Trustee | |
|---|---|---|
| M G Cook Trustee | ||
| RGabbitas Trustee | ||
| LGossling Trustee | ||
| JRixon Trustee | ||
| PRINCIPAL | ADDRESS | 8 Stumps End |
| Stumps Lane | ||
| Bosham | ||
| West Sussex | ||
| PO18 8RB |
| INDEPENDENT | EXAMINER | Ward Mackenzie Ltd | Ward Mackenzie Ltd |
|---|---|---|---|
| Chartered | Accountants | ||
| Thatcher House | |||
| 12Mount | Ephraim | ||
| Tunbridge | Wells | ||
| Kent | |||
| TN4 8AS |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Vnrestricted | Total | |||
| fund | funds | |||
| Notes | ||||
| INCOME AND ENDOWMENTS FROM | ||||
| Investment income |
153,993 | 216,214 | ||
| EXPENDITURE ON | ||||
| Raising funds | 15,837 | 32,329 | ||
| Charitable activities |
||||
| Grant Funding Activity |
223,275 | 184,384 | ||
| Total | 239,112 | 216,713 | ||
| Net gains/(losses) on investments |
1,067,388 | (816,794) | ||
| NKT INCOME/(EXPENDITURE) | 982,269 | (817,293) | ||
| RECONCILIATION | OF FUNDS | |||
| Total funds brought forward | 5,261,105 | 6,078,398 | ||
| TOTAL FUNDS CARRKD FORWARD | 6,243,374 | 5,261,105 |
| 2021 | 2020 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | |||
| FIXEDASSETS | |||
| Tangible assets | 10 | 215,745 | 220,995 |
| Investments | 11 | 5,895,821 | 4,849,941 |
| 6,111,566 | 5,070,936 | ||
| CURRENT ASSETS | |||
| Cash at bank | 174,417 | 248,101 | |
| CREDITORS | |||
| Amounts falling due within one year |
12 | (13,775) | (13,098) |
| NKT CURRENT ASSETS | 160,642 | 235,003 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 6,272,208 | 5,305,939 | |
| CREDITORS | |||
| Amounts falling due after more than one year |
13 | (28,834) | (44,834) |
| NKT ASSETS | 6,243,374 | 5,261,105 | |
| FUNDS | 14 | ||
| Unrestricted funds |
6,243,374 | 5,261,105 | |
| TOTAL FUNDS | 6,243,374 | 5,261,105 |
| INVKSTMKNT INCOME | INVKSTMKNT INCOME | INVKSTMKNT INCOME | INVKSTMKNT INCOME | |||||
|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||||
| Investment | income | 153,683 | 215,626 | |||||
| Interest receivable | 310 | 588 | ||||||
| 153,993 | 216,214 | |||||||
| All income | &om investments | in 2020 and 2019was unrestricted. | ||||||
| 4. | RAISING | FUNDS | ||||||
| RAISING | DONATIONS | AND LEGACIES | ||||||
| 2021 | 2020 | |||||||
| Investment | management | costs | 15,837 | 32,329 | ||||
| 5. | CHARITABLE ACTIVITIES COSTS | |||||||
| Grant | ||||||||
| funding of | ||||||||
| activities | Support | |||||||
| Direct | (see note | costs (see | ||||||
| Costs | 6) | note 7) | Totals | |||||
| Grant Funding Activity |
1,648 | 168,075 | 53,552 | 223,275 |
| 6. | GRANTS PAYABLK | |||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Grant Funding Activity |
168,075 | 127,979 | ||||
| The total grants paid to | institutions | during the year was as follows: | ||||
| 2021 | 2020 | |||||
| Grant Funding Activity |
168,075 | 127,979 | ||||
| 7. | SUPPORT COSTS | |||||
| Management | ||||||
| Grant Funding Activity |
53,552 | |||||
| Support costs, included | in the above, | are as follows: | ||||
| MANAGEMENT | ||||||
| 2021 | 2020 | |||||
| Grant | ||||||
| Funding | Total | |||||
| Activity | activities | |||||
| Legal and professional | Cost | 20,000 | 20,000 | |||
| Accountancy services |
24,702 | 25,530 | ||||
| Independent examiner's |
fees | 3,600 | 2,400 | |||
| Depreciation oftangible | and heritage | assets | 5,250 | 5,250 | ||
| 53,552 | 53,180 |
| 9. | COMPARATIVE | S F | OR THK STATEMENT OFFINANCIAL ACTI | VITIES |
|---|---|---|---|---|
| Unrestricted | ||||
| fund | ||||
| INCOME AND ENDOWMENTS FROM | ||||
| Investment income |
216,214 | |||
| EXPENDITURE | ON | |||
| Raising funds | 32,329 | |||
| Charitable activities |
||||
| Grant Funding Activity |
184,384 | |||
| Total | 216,713 | |||
| Net gains/(losses) | on investments | (816,794) | ||
| NKT INCOME/(EXPENDITURE) | (817,293) | |||
| RECONCILIATION | OF FUNDS | |||
| Total funds brought forward | 6,078,398 | |||
| TOTAL FUNDS | CARRIED FORWARD | 5,261,105 | ||
| 10. | TANGIBLE FIXEDASSETS | |||
| Freehold | ||||
| property | ||||
| COST | ||||
| At 1 April 2020 and 31 | March 2021 | 262,455 | ||
| DEPRECIATION | ||||
| At 1 April 2020 | 41,460 | |||
| Charge for year | 5,250 | |||
| At 31March 2021 | 46,710 | |||
| NET BOOKVALUE | ||||
| At 31March 2021 | 215,745 | |||
| At 31March 2020 | 220,995 |
| Listed | Cash in | ||||
|---|---|---|---|---|---|
| investments | portfolio | Totals | |||
| MARKET VALUE | |||||
| At 1 April 2020 | 4,781,867 | 68,074 | 4,849,941 | ||
| Additions | 285,411 | 15,889 | 301,300 | ||
| Disposals | (290,257) | (39,812) | (330,069) | ||
| Revaluations | 1,074,649 | 1,074,649 | |||
| At 31March 2021 | 5,851,670 | 44,151 | 5,895,821 | ||
| NET BOOK VALUE | |||||
| At 31March 2021 | 5,851,670 | 44,151 | 5,895,821 | ||
| At 31March 2020 | 4,781,867 | 68,074 | 4,849,941 | ||
| There were no investment | assets outside the UK. | ||||
| Cost or valuation at 31March 2021 is represented |
by: | ||||
| Listed | Cash in | ||||
| investments | portfolio | Totals | |||
| Valuation in 2021 |
5,851,670 | 44,151 | 5,895,821 |
| 12. | CREDITORS: AMOUNTS | CREDITORS: AMOUNTS | FALLING DUE WITHIN ONK | FALLING DUE WITHIN ONK | FALLING DUE WITHIN ONK | YEAR | |||
|---|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||||
| Taxation and | social security | 312 | 307 | ||||||
| Other creditors | 13,463 | 12,791 | |||||||
| 13,775 | 13,098 | ||||||||
| 13. | CREDITORS: AMOUNTS | FALLING DUE AFTER MORE | THAN | ONE YEAR | |||||
| 2021 | 2020 | ||||||||
| Other creditors | 28,834 | 44,834 | |||||||
| 14. | MOVEMKNT IN FUNDS | ||||||||
| Net | |||||||||
| movement | At | ||||||||
| At 1,4,20 | in funds | 31.3,21 | |||||||
| Unrestricted | funds | ||||||||
| General fund | 5,261,105 | 982269 | 6243 374 | ||||||
| TOTAL FUNDS | 5,261,105 | 982,269 | 6,243,374 | ||||||
| Net movement | in funds, included | in the above | are as follows: | ||||||
| Incoming | Resources | Gains and | Movement | ||||||
| resources | expended | losses | in funds | ||||||
| Unrestricted | funds | ||||||||
| General fund | 153,993 | (239,112) | 1,067,388 | 982,269 | |||||
| TOTAL FUNDS | 153,993 | (239,112) | 1,067,388 | 982,269 | |||||
| Comparatives | for movement | in | funds | ||||||
| Net | |||||||||
| movement | At | ||||||||
| At 1.4,19 | in funds | 31.3,20 | |||||||
| Unrestricted | funds | ||||||||
| General fund | 6,078,398 | (817,293) | 5,261,105 | ||||||
| TOTAL FUNDS | 6,078,398 | (817,293) | 5,261,105 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| Unrestricted | funds | ||||
| General fund | 216,214 | (216,713) | (816,794) | (817,293) | |
| TOTAL FUNDS | 216,214 | (216,713) | (816,794) | (817,293) |
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.4,19 | m funds | 31.3,21 | ||
| Unrestricted | funds | |||
| General fund | 6,078,398 | 164,976 | 6,243,374 | |
| TOTAL FUNDS | 6,078,398 | 164,976 | 6,243,374 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| Unrestricted | funds | ||||
| General fund | 370,207 | (455,825) | 250,594 | 164,976 | |
| TOTAL FUNDS | 370,207 | (455,825) | 250,594 | 164,976 |
| Detailed Statement ofFinancial Activities | ||||
|---|---|---|---|---|
| for the Year Ended 31 March 2021 | ||||
| 2021 | 2020 | |||
| INCOME AND ENDOWMENTS | ||||
| Investment income |
||||
| Investment income |
153,683 | 215,626 | ||
| Interest receivable | 310 | 588 | ||
| 153,993 | 216,214 | |||
| Total incoming resources |
153,993 | 216,214 | ||
| EXPENDITURE | ||||
| Raising donations and |
legacies | |||
| Investment management |
costs | 15,837 | 32,329 | |
| Charitable activities |
||||
| Insurance | 1,334 | 1,192 | ||
| Sundries | 258 | 1,954 | ||
| Bank charges | 56 | 79 | ||
| Grants to institutions | 168,075 | 127,979 | ||
| 169,723 | 131,204 | |||
| Support costs | ||||
| Management | ||||
| Legal and professional | Cost | 20,000 | 20,000 | |
| Accountancy services |
24,702 | 25,530 | ||
| Independent examiner's |
fees | 3,600 | 2,400 | |
| Freehold property | 5,250 | 5,250 | ||
| 53,552 | 53,180 | |||
| Total resources expended | 239,112 | 216,713 | ||
| Net expenditure before |
gains and losses | (85,119) | (499) | |
| Realised recognised | gains and losses | |||
| Realised gains/(losses) | on fixed asset investments | 1,067,388 | (816,794) | |
| Net income/(expenditure) | 982,269 | (817,293) |