||||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||
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||||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|
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||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|
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|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|
##
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##
||||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)|