Lord Barnby's Foundation
Annual Report and Financial Statements
Year Ended 31 March 2021 Charity Number 251016
Lord Barnby's Foundation
Year Ended 31 March 2021
Contents
| Page | |
|---|---|
| Legal and Administrative Details | 1 |
| Trustees' Annual Report | 2 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Accounts | 8 |
| Schedule of Grants and Donations | 10 |
| Schedules of Investments | 14 |
| Schedule of Investment Income Receivable | 15 |
Lord Barnby's Foundation
Legal and Administrative Details
Year Ended 31 March 2021
Lord Barnby's Foundation is a registered charity (no. 251016). It was created and is governed by the Trust Deed dated 29 September 1966.
The principal address of the charity is Lord Barnby's Foundation PO Box 442 Market Drayton TF9 9EQ
Main agents:
Independent Examiner
D Leslie FCA Francis Clark LLP Chartered Accountants North Quay House Sutton Harbour Plymouth PL4 0RA
Bankers
C Hoare & Co 37 Fleet Street London EC4P 4DQ
Investment Advisor
M&G Securities Limited M&G House Victoria Road Chelmsford CM5 1FB
Secretary
Mrs Catherine Thomason PO Box 442 Market Drayton TF9 9EQ
1
Lord Barnby's Foundation
Trustees' Annual Report
Year Ended 31 March 2021
The Trustees present their report for the year ended 31 March 2021.
Trustees
The Trustees who served during year are as follows:
The Countess Peel Mrs Laura Greenall The Hon George Lopes Mr David Cecil Mr Algy Smith-Maxwell
Background and Constitution
The Settlor of the charity was the late The Rt Hon Vernon, Baron Barnby, who settled under the terms of the Trust Deed a portfolio of investments. Following the death of Lady Barnby on 2 November 1988 the residue of her estate, after payment of certain legacies, was added to the charity.
The appointment of new Trustees is exercisable by the continuing Trustees. Any new Trustees will be chosen for the skills and expertise they can bring to the charity. Training needs will be assessed on an individual basis.
Public benefit
The trustees have reviewed the objects, goals, services and objectives of the charity and can confirm that Lord Barnby's Foundation serves the public benefit. This trustees' annual report continues to evidence how the charity strives to meet need.
The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Aims and Objectives
The Trust assets are held in two Funds. The General Fund is not subject to any restrictions, and the capital and income of the Fund can be applied for charitable purposes in the United Kingdom or elsewhere, at the discretion of the Trustees.
The Appointed Fund was created by the Deed dated 3 September 1981 between the Settlor and the Trustees, under which certain investments were set aside, the income of which was to be applied for the charitable purposes of the Textile Institute, being a body incorporated by Royal Charter. Subject to this the Appointed Fund is to be held for such institutions as are connected with the textile industry. The Trustees also have power at their discretion to apply the capital for the same purposes.
The Trust Deed gives the Trustees wide powers of investment at their own discretion. The portfolio of investments is managed by M & G Securities Ltd, of M & G House, Victoria Road, Chelmsford, CM5 1FB. Trust assets are invested in M & G Charifund.
The objective of the charity is to manage the portfolio of investments to produce a balance of income generation and long term capital appreciation.
Policy on reserves
The Trustees normally restrict distributions for charitable purposes to the level of the annual income of the charity, but will consider supplementary distributions from capital if the net income falls below a yield of approximately 4 %.
The Trustees have established a permanent list of charities which, subject to periodic review, they support every year. Otherwise the Trustees do not have a prescriptive policy towards donations, but will only consider applications in writing accompanied by a set of the latest accounts. The Trustees do not make donations to individuals.
2
Lord Barnby's Foundation
Trustees' Annual Report (continued)
Year Ended 31 March 2021
Activities and Financial Performance
The income available for distribution in the year to 31 March 2021 amounted to £217,739 on the General Fund and £9,917 on the Appointed Fund. The total donations amounted to £206,250 from the General Fund and £5,600 from the Appointed Fund. These donations were distributed to those charitable organisations listed in the accounts.
The investments held increased in value during the year by £977,476 this representing an increase of 23.16%.
Officers and key personnel
The day to day management of the charity is carried out by the secretary, Mrs C Thomason who receives remuneration for this service.
Trustees' Responsibilities
The Trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Risk Management
The major risk to which the charity is exposed is poor performance of the investments held. Actual performance is regularly reviewed against established benchmarks.
Going concern
The Covid - 19 pandemic has impacted many areas of society and businesses including the stock market and in turn the charity's investment values. However, the announcement of the vaccine in November 2020 has seen an improvement in the stock market and whilst dividend income received by the charity during the year has seen a fall and as a result donations to institutions have also fallen, it is anticipated that this will reverse in the future.The accounts have therefore been prepared on a going concern basis.
Approved by the Trustees and signed on their behalf by
The Countess Peel
Date 3 December 2021
3
Lord Barnby's Foundation
Independent Examiner's Report to the Trustees of Lord Barnby's Foundation
Year Ended 31 March 2021
I report to the Trustees on my examination of the accounts of Lord Barnby’s Foundation (the Trust) for the year ended 31 March 2021.
Responsibilities and basis of report
As the Trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). You are satisfied that the accounts of the Trust are not required by charity law to be audited and have chosen instead to have an independent examination.
I report in respect of my examination of the accounts. I have carried out my examination under section 145 of the 2011 Act. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no opinion as to whether the accounts present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records with respect to the Trust were not kept as required by section 130 of the 2011 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.
D Leslie FCA
Francis Clark LLP Chartered Accountants North Quay House Sutton Harbour PLYMOUTH PL4 0RA Date: 22 December 2021
4
Lord Barnby's Foundation
Statement of Financial Activities
Year Ended 31 March 2021
----- Start of picture text -----
Unrestricted Restricted 2021 Unrestricted Restricted 2020
Funds Funds Funds Funds
Income Income Expendable Endowment Income Income Expendable Endowment
General Appointed General Appointed General Appointed General Appointed
Notes Fund Fund Fund Fund Total Fund Fund Fund Fund Total
£ £ £ £ £ £ £ £ £ £
Income and Expenditure
Income and endowments from:
Investments 11 217,739 9,917 - - 227,656 281,880 12,838 - - 294,718
Expenditure on:
Charitable activities 2 (220,061) (5,600) (225,661) (317,747) (12,000) (329,747)
Net (expenditure)/income before (2,322) 4,317 - - 1,995 (35,867) 838 - - (35,029)
other recognised gains/(losses)
Revaluation of
investment assets: 9/10 - - 934,896 42,580 977,476 - - (1,159,691) (52,818) (1,212,509)
Net (expenditure) / income (2,322) 4,317 934,896 42,580 979,471 (35,867) 838 (1,159,691) (52,818) (1,247,538)
Transfer between funds - - - - - - - - - -
Net movement in funds (2,322) 4,317 934,896 42,580 979,471 (35,867) 838 (1,159,691) (52,818) (1,247,538)
Reconciliation of funds:
Total funds brought forward 65,942 4,775 4,035,677 186,569 4,292,963 101,809 3,937 5,195,368 239,387 5,540,501
-
Total funds carried forward 63,620 9,092 4,970,573 229,149 5,272,434 65,942 4,775 4,035,677 186,569 4,292,963
----- End of picture text -----
5
Lord Barnby's Foundation
Balance Sheet
Year Ended 31 March 2021
----- Start of picture text -----
Unrestricted Restricted 2021 Unrestricted Restricted 2020
Funds Funds Funds Funds
Income Income Expendable Endowment Income Income Expendable Endowment
General Appointed General Appointed General Appointed General Appointed
Notes Fund Fund Fund Fund Total Fund Fund Fund Fund Total
£ £ £ £ £ £ £ £ £ £
Fixed assets:
Investments 9/10 - - 4,970,573 226,384 5,196,957 - - 4,035,677 183,804 4,219,481
Current assets:
Cash at bank and in hand 66,620 9,092 - 2,765 78,477 71,242 4,775 - 2,765 78,782
Total current assets 66,620 9,092 - 2,765 78,477 71,242 4,775 - 2,765 78,782
Creditors 3,000 - - - 3,000 5,300 - - - 5,300
Net current assets 63,620 9,092 - 2,765 75,477 65,942 4,775 - 2,765 - 73,482
Total assets less
current liabilities 63,620 9,092 4,970,573 229,149 5,272,434 65,942 4,775 4,035,677 186,569 4,292,963
The funds of the charity:
Unrestricted 63,620 - - - 63,620 65,942 - - - 65,942
Restricted - 9,092 4,970,573 229,149 5,208,814 - 4,775 4,035,677 186,569 4,227,021
63,620 9,092 4,970,573 229,149 5,272,434 65,942 4,775 4,035,677 186,569 4,292,963
----- End of picture text -----
The financial statements were authorised for issue by the Trustees on 3 December 2021
Approved by the Trustees and signed on their behalf by
The Countess Peel
6
Lord Barnby's Foundation
Balance Sheet Schedules
Year Ended 31 March 2021
----- Start of picture text -----
Unrestricted Restricted 2021 Unrestricted Restricted 2020
Funds Funds Funds Funds
Income Income Expendable Endowment Income Income Expendable Endowment
General Appointed General Appointed General Appointed General Appointed
Notes Fund Fund Fund Fund Total Fund Fund Fund Fund Total
£ £ £ £ £ £ £ £ £ £
Cash
C. Hoare & Co
Appointed Fund - 9,092 - 2,765 11,857 - 4,775 - 2,765 7,540
General Fund 66,620 - - - 66,620 71,242 - - - 71,242
66,620 9,092 - 2,765 - 78,477 71,242 4,775 - 2,765 78,782
-
Creditors
H M Revenue & Customs - - - - - 800 - - - 800
Accruals 3,000 - - - 3,000 4,500 - - - 4,500
3,000 - - - 3,000 5,300 - - - 5,300
----- End of picture text -----
7
Lord Barnby's Foundation
Notes to the Accounts
Year Ended 31 March 2021
1. Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Charities Act 2011. The following principal accounting policies have been applied:
Basis of preparation
Lord Barnby's Foundation meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Impact of Coronavirus
The Covid - 19 pandemic has impacted many areas of society and businesses including the stock market and in turn the charity's investment values. However, the announcement of the vaccine in November 2020 has seen an improvement in the stock market and whilst dividend income received by the charity during the year has seen a fall and as a result donations to institutions have also fallen, it is anticipated that this will reverse in the future.
Fund accounting
The Charity maintains General and Appointed Funds. The income on the General Fund is unrestricted, and is expendable at the discretion of the Trustees in the furtherance of the objects of the Charity. The income of the Appointed Fund is subject to restrictions. The Capital (endowment) Funds are expendable at the Trustees' discretion. They are shown as restricted Funds in these accounts.
Income
All income is recognised in the Statement of Financial Activities when the conditions for receipt have been met and there is reasonable assurance of receipt.
Investment income is accounted for when receivable.
Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. The Trust is unable to recover Value Added Tax and accordingly expenses are shown inclusive of Value Added Tax.
Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly and such activities and those costs of an indirect nature necessary to support them.
Governance costs include the costs attributable to the Charity's compliance with constitutional and statutory requirements.
Fixed Asset Investments
Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.
Financial instruments
Classification
Financial assets and financial liabilities are recognised when the Charity becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the Charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the Charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the Charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
8
Lord Barnby's Foundation
Notes to the Accounts
Year Ended 31 March 2021
2. Expenditure on charitable activities
| Donations to institutions (note 6) Support Costs (note 3) 3. Support Costs Governance Costs Trustees' fees and expenses Audit services Accountancy services Secretarial expenses Bank charges |
General Fund £ 4,000 - 3,180 6,329 302 13,811 |
Appointed Fund £ - - - - - - |
2021 £ 211,850 13,811 225,661 2021 Total £ 4,000 - 3,180 6,329 302 13,811 |
2020 £ 313,000 16,747 329,747 2020 Total £ 5,201 3,120 1,560 6,776 90 16,747 |
|---|---|---|---|---|
4. Trustees' remuneration and expenses
There were no employees in the year or prior year.
Under the terms of the governing document Trustees are able to be remunerated for their services. The following Trustees received remuneration for their services as a Trustee during the year:
| The Countess Peel The Hon George Lopes Mrs Laura Greenall Mr David Cecil |
2021 2020 £ £ 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 |
|
|---|---|---|
| 4,000 4,000 |
||
| 5. | Expenses totalling £nil (2020: £1,201) were paid to 4 Trustees for Net outgoing resources Net outgoing resources for the year include: Audit fees |
reimbursement of travel expenses. 2021 2020 £ £ - 3,120 |
| 6. | Related party transactions | |
| 7. | There were no related party transactons that require disclosure. Investments held as fixed assets Fair value at 1 April Disposals at opening market value Acquisitions at cost Net unrealised investment gains/(losses) on revaluation |
2021 2020 £ £ Listed Listed Investments Investments 4,219,481 5,431,990 - - - - 977,476 (1,212,509) |
| Fair value at 31 March | 5,196,957 4,219,481 |
|
| Cost at 31 March | 3,143,730 3,143,730 |
9
Lord Barnby's Foundation
Notes to the Accounts
Year Ended 31 March 2021
| 8. Grants and Donations General Fund Permanent Donations Ashtead PCC Blyth PCC Gurkha Welfare Trust Discretionary Donations 2 Makeit 3rd Knaphill Brownies Age UK Agoonoree Scout Camp Arkbound Foundation Aspire Oxford Atlantic Salmon Trust Aurora Autism Inclusive Barnby Memorial Hall Barts Charity Bickleigh PCC Braille Chess Association Brain Tumour Charity Bridewell Gardens Bridgend Carers Centre British Red Cross Brunswick Youth Calon RDA Calvert Trust Carers UK Covid 19 Caring for Life Cavell Nurses Centrepoint Clean Up UK CLIC Sargent Cliffe Village Institutes Clothing Solutions Combat Stress Coram Beanstalk Country Food Trust Countryside Learning Crisis Cry Derby Museum Disabled sailors association Dogs for Good Douglas Bader Foundation E:merge East London Cares Fairshare Sussex Farms For City Children Fishing for Schools Flow County Rivers Trust Friends of Polish Veterans Balance carried forward |
2021 £ 500 500 2,000 3,000 2,000 - - - 1,000 1,000 - 2,500 2,000 5,000 10,000 500 - 500 - - - 2,000 2,000 10,000 3,000 - - - 3,000 - - 2,000 - - 10,000 10,000 - - - 2,000 - 3,000 - 2,000 1,000 - 3,000 1,000 - 78,500 |
2020 £ 500 500 2,000 3,000 - 1,000 12,000 2,500 - - 2,000 - - - - - 1,000 - 1,000 2,000 12,000 - - - - 1,000 12,000 12,000 - 1,000 2,000 - 2,000 3,000 - 10,000 12,000 500 5,000 - 1,000 - 2,000 - - 5,000 - - 2,000 104,000 |
|---|---|---|
10
Lord Barnby's Foundation
Notes to the Accounts
Year Ended 31 March 2021
| Grants and Donations(continued) General Fund Discretionary Donations(continued) Balance brought forward Game and Wildlife Conservation Trust Gellideg Foundation Get Kids Going Goadby Marwood PCC Gurkha Welfare Trust Guy's & St Thomas' Charity Hands On Headway Healthy Living Project Hearing Dogs for the Deaf Heel and Toe Childrens Charity Helping Disabilities Heriot Hospice Homecare Horatio's Garden I can dance Independent Arts Just Rifles Kate's Home Nursing Kings Arms Project Little Treasures Llamau Lucy's Air Ambulance Marie Collins Foundation Marie Curie Masham Sports Association Milenhall Parochial Church Council Mulberry Bush Myeloma UK Myriad Centre NARA National Brain Appeal Newton Ferrers PCC Norfolk Churches Nurture through Nature Oarsome Chance One 25 Our Only World Penine Lancashire Community Farm Prisoners Education Trust Prodigal Arts Project 6 RABI Racing Welfare Trust Rainbows Hospice Rainbows Trust RDA Bedale Red Squirrel Trust Reengage Refuge Covid 19 Resume Foundation Balance carried forward |
2021 £ 78,500 - - - - 2,000 12,000 - - - 2,000 5,000 1,000 - - - - - 750 - - 2,000 5,000 5,000 12,000 - 2,000 - - - - - 500 1,000 - 3,000 - 3,000 - - 2,000 1,000 - 5,000 - - 1,500 10,000 1,000 5,000 - 160,250 |
2020 £ 104,000 10,000 2,000 500 2,000 - - 2,000 2,000 1,000 - - - 3,000 5,000 3,000 2,000 2,000 - 2,000 2,000 - - - - 500 - 1,500 1,000 3,000 3,000 1,000 - - 2,000 - 2,000 - 2,000 2,000 - - 5,000 - 6,000 5,000 - 10,000 - - 3,000 |
|---|---|---|
| 189,500 |
11
Lord Barnby's Foundation
Notes to the Accounts
Year Ended 31 March 2021
| Grants and Donations(continued) General Fund Discretionary Donations(continued) Balance brought forward Reubens Retreat Ripon Cathedral Ripon Community Link Royal Hospital Chelsea Appeal Ltd Royal Medical Benevolent Fund Safety Net UK Sahara Coventry Selby Abbey Sheffield and Rotheram Wildlife Trust Shine Sportability St John Ambulance St Lukes Hospice St Michaels St Peters Wilcote Starlight Stick n Step Street League Streets of Growth The Cellar Trust The Garden Classroom The Georgian Theatre Royal The Greenwich Foundation The Guards Chapel Trust The Heart of England Community Boxing Club The Kepplewray Centre The Keys Project The Listening Place The Poppy Factory The Royal British Legion Tong PCC Good Neighbours Project Trussell Trust War Memorials Trust Waveney Stardust Wheelpower Whizz Kidz Wild About Clifford Ybont YESS Total General Fund Donations |
2021 £ 160,250 2,000 2,000 3,500 - - 3,000 2,000 - - 2,000 - - - 500 1,000 - - 2,000 - 5,000 2,000 - - - - 4,000 1,000 3,000 2,000 5,000 - - - - 2,000 - - 1,000 - 203,250 206,250 |
2020 £ 189,500 - - - 5,000 12,000 - - 3,000 1,000 - 5,000 12,000 2,000 - 5,000 2,500 - 10,000 - - 500 5,000 5,000 10,000 - - - - - 2,000 12,000 10,000 2,000 - 3,000 1,000 - 500 298,000 301,000 |
|---|---|---|
12
Lord Barnby's Foundation
Notes to the Accounts
Year Ended 31 March 2021
| Grants and Donations(continued) Appointed Fund Donations Royal School of Needlework Textile Institute The Woolmens Company Charitable Trust Total Donations |
2021 £ - 5,000 600 5,600 211,850 |
2020 £ 3,000 8,000 1,000 12,000 313,000 |
|---|---|---|
13
Lord Barnby's Foundation
Notes to the Accounts
Year Ended 31 March 2021
| Investments h 9. UK Unit Trusts Holding General Fund M & G Charifund Investment Fund 337,581 = Adjusted, if necessary, for the c* Investments h 10. UK Unit Trusts Holding Appointed Fund M & G Charifund Investment Fund 15,375** |
Acquisitions/(disposals) eld at 1 April 2020 Profit/ (Loss) on: Market Cost/ Cost Value Date Holding (Proceeds) £ £ £ 2,981,739 4,035,677 - - 2,981,739 4,035,677 - ost of subsequent additions. Acquisitions/(disposals) eld at 1 April 2020 Profit/ (Loss) on: Market Cost/ Cost Value Date Holding (Proceeds) £ £ £ 161,991 183,804 - - 161,991 183,804 - |
Cost £ - - Cost £ - - |
Investments h 2020 Holding Value £ - 337,581 - Investments h 2020 Holding Value £ - 15,375 -** |
eld at 31 March Cost £ 2,981,739 2,981,739 eld at 31 March Cost £ 161,991 161,991 |
2021 2020 Value £ 4,035,677 4,035,677 2021 2020 Value £ 183,804 183,804** |
Market Value £ 4,970,573 4,970,573 Market Value £ 226,384 226,384 |
Unrealised Profit/(Loss) £ 934,896 934,896 Unrealised Profit/(Loss) £ 42,580 42,580 |
|---|---|---|---|---|---|---|---|
- = Adjusted, if necessary, for the cost of subsequent additions.
14
Lord Barnby's Foundation
Notes to the Accounts
Year Ended 31 March 2021
| 11. UK Unit Trust investment income Holding Date General Fund M & G Charifund Investment Fund 337,581 31-May 30-Aug 13-Dec 28-Feb Total income general fund 2020 total income general fund Appointed Fund M&G Charifund Investment Fund 15,375 31-May 30-Aug 13-Dec 28-Feb Total income appointed fund 2020 total income appointed fund Total investment income 2020 total investment income |
Gross 2021 £ 64,140 57,389 57,389 38,821 217,739 281,880 2021 £ 2,921 2,614 2,614 1,768 9,917 12,838 227,656 294,718 |
|---|---|
15