||Page|
|---|---|
|Trust Information||
|Report ofthe Trustee|2-3|
|Statement ofTrustee Responsibilities||
|Report ofthe Auditor|5-7|
|Statement ofFinancial Activities||
|Balance Sheet||
|Statement ofCashflows|10|
|Accounting
Policies|11-12|
|Notes to the Financial Statements|13-17|
|Trustee|||Rofrano Trustee Services Ltd|Rofrano Trustee Services Ltd||
|---|---|---|---|---|---|
|Registered|office||Suite 1
3"Floor|||
||||11-12StJames's Square|||
||||London|||
||||SW1Y4LB|||
|Bankers|||Rothschild
Trust Guernsey
Ltd
P0 Box472, StPeters House,||Le Bordage|
||||StPeter Port|||
||||Guernsey
(Cl) GY1 6AX|||
|Solicitors|||Berwin Leighton|||
||||Adelaide
House|||
||||London Bridge|||
||||London EC4R 9HA|||
|Auditor|||PKF Littlejohn
LLP|||
||||Statutory
Auditor|||
||||15Westferry
Circus|||
||||Canary Wharf|||
||||London E144HD|||
|Investment|Managers||Rothschild
Bank International|Limited||
||||StJuliane Court|||
||||StPeter Port|||
||||Guernsey
GY1 3BP|||
|Charity Registration||Number|255035|||
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||||||2021|2020|
|---|---|---|---|---|---|---|
|||||Note|E|E|
|Fixed assets|||||||
|Investments||||3|2,157,062|1,951,041|
|Current assets|||||||
|Debtors|||||33,301|35,225|
|Cash at bank|and|in|hand||21,380|8,128|
||||||54,681|43,353|
|Creditors: amounts|||falling due within one year||(9,269)|(4,436)|
|Net current assets|||||45,412|38,917|
|Net assets|||||2,202,474|1,989,957|
|Charity Funds|||||||
|Unrestricted|funds|||8|2,202,474|1,989,957|
|Total Funds|||||2,202,474|1,989,957|
|||||2021|2020|
|---|---|---|---|---|---|
||||Note|6|6|
|Cash flow from operating|activities|||(71,970)|(99,292)|
|Net cash flow (used in) operating
activities||||(71,970)|(99,292)|
|Cash flow from investing|activities|||||
|Payments
to acquire investments||||(74,737)|(168,454)|
|Receipts from sales of investments||||100,000|186,926|
|Dividends,
interest and rents received||from investments||87,624|96,162|
|Movement
in cash held at investment
managers||||(25,594)|9,219|
|Foreign exchange losses||||(2,271)|(4,688)|
|Net cash flow provided
by|investing|activities||85,222|98,967|
|Change
in cash and cash|equivalents|in the year||13,252|(325)|
|Cash and cash equivalents|at 6 April|||8,128|8,453|
|Cash and cash equivalents|at 5April|||21,380|8,128|
|Cash and cash equivalents|consists|of:||||
|Cash at bank and
in hand||||21,380|6,128|
|Cash and cash equivalents|at 5April|||21,380|8,128|
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|.Ana|lysis ofexpenditur|e
on charitable
activities||||
|---|---|---|---|---|---|
|||Costs related|Support|||
|||to charitable|costs|2021|2020|
|||activities||Total|Total|
|||5||5||
|Grant|awards|69,411|9,315|78,726|97,294|
|||59,411|9,315|78,725|97,294|
##
|1.2. Support co|sts||||
|---|---|---|---|---|
||||2021|2020|
||||Total|Total|
||||F|5|
|Bank charges|||61|179|
|Forex losses|||197|72|
|Governance|costs (see|note 1.3)|9,057|8,944|
|Total support costs|||9,315|9,195|
|1.3.Governance costs|||||
||||2021f|2020
5|
|Auditor's
remuneration|||4,958|4,833|
|Legal and professional||fees|4,099|4,111|
||||9,057|8,944|
##
|Grants payable
in the year|Grants payable
in the year|individually|individually|valued at more than 8750 are as follows:|valued at more than 8750 are as follows:||
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||8|8|
|Action on Hearing
Loss|||||1,000|1,000|
|AJEX|||||1,000|1,000|
|AMPA|||||2,500|1,250|
|Aldenham
School|||||1,000|2,500|
|Blond Mclndoe|||||1,000|1,000|
|Bournemouth
War Memorial|||Homes||1,000|1,000|
|Brain and Spine Foundation|||||1,500|1,500|
|British Heart Foundation||||||1,000|
|Cancer Research
UK|||||2,000|2,000|
|Chain of Hope|||||2,000|2,000|
|Childhood
First|||||2,000||
|Christie Charitable
Fund|||||1,000|1,000|
|CLIC Sargent|||||2,000|2,000|
|CST|||||5,000|11,000|
|Cystic Fibrosis|||||1,000|1,000|
|Diabetes UK|||||5,000|5,000|
|FFDJF|||||1,000|1,000|
|Fight for Sight|||||1,000|1,000|
|Great Ormand
Street Hospital|||||2,000|2,000|
|Holocaust
Educational|Trust||||1,000|1,000|
|Huntington's
Disease Association|||||1,000|1,000|
|Jewish Association
for the||Physically||Handicapped|1,000|1,000|
|Jewish Deaf Association|||||2,000|2,000|
|Jewish Lads and Girls Brigade|||||1,000|1,000|
|Leukaemia
Fund|||||1,000|1,000|
|Listening
Books|||||1,000|1,000|
|LPO PACA|||||911|850|
|LSE Foundation||||||7,500|
|Macular Society|||||1,000|1,000|
|Motor Neurone
Disease|Association||||1,000|1,000|
|MTV Staying Alive Foundation|||||1,000|1,000|
|National
Deaf-Blind 8 Rubella|||Association||1,000|1,000|
|Nightingale
House|||||3,000|3,000|
|Norwood|||||2,500|2,500|
|Not Forgotten Association|||||1,000|1,000|
|Oxford &StGeorge's Jewish|||Youth Trust||1,000|1,000|
|Prostate Cancer UK|||||1,000||
|Queen Elizabeth
Birmingham|||||2,000|2,000|
|Restoration
ofAppearance||and Function Trust|||1,000|1,000|
|Royal Marsden
Cancer|Charity||||2,500|2,500|
|Royal Opera House||||||7,500|
|Royal National
Institute|of Blind People Charity||||2,500|2,500|
|Rural Coffee Caravan|||||1,000|1,000|
|Save the Children
Fund|||||1,000|1,000|
|SCAT|||||1,000|1,000|
|SHINE|||||1,000|1,000|
|WIZO|||||1,000|1,000|
|Wellbeing ofWomen|||||1,000|1,000|
|Carried forward|||||68,411|87,600|
||1.1. Analysis ofgrants (continued)|1.1. Analysis ofgrants (continued)|1.1. Analysis ofgrants (continued)||||
|---|---|---|---|---|---|---|
||Brought forward||||68,411|87,600|
||Individual
grants for9750|or less|||1,000|500|
||Total grant awards||||69,411|88,100|
||Grants
in both years were|made from unrestricted||funds.|||
|2.|Net expenditure
for the year||||||
||Net expenditure
is stated after charging:||||||
||||||2021|2020|
||||||E|F|
||Auditor remuneration||||4,958|4,833|
|3.|Fixed asset investments||||||
||||||2021|2020|
||||||6|F|
||Market value at beginning|ofyear|||1,947,075|2,060,193|
||Additions
in the year||||74,737|188,454|
||Disposals at opening
market value||in the year||(100,000)|(186,927)|
||Gains/(losses)||||205,690|(114,645)|
||Market value at end ofyear||||2,127,502|1,947,075|
||Cash held in investments||||||
||At beginning
ofyear||||3,966|13,185|
||Movement
in the year||||25,594|(9,219)|
||At end ofyear in the year||||29,560|3,966|
||Investments
value at end|ofyear|||2,157,062|1,951,041|
##
|3.|Fixed asset investmen|ts
(continued)|ts
(continued)|||||
|---|---|---|---|---|---|---|---|
||The following
individual|investments
are considered||to be significant|in relation|to the total|value of the|
||investment
portfolio.|||||||
|||||||2021||
|||||||F||
||5% NTS BUPA Finance Pic|||||109,993||
||5.375% EMTN Roche|Finance|Europe|||114,122||
||4.25% NTS Gaz Capital SA|||||161,931||
||3.75% NTS Petroleos|Mexicanos PEMEX||||181,886||
||4.25% EMTN Goldman|Sachs|Group (nc|||114,396||
||5.5%NTS AT&7 Inc|||||183,227||
||3.375%NTS Anglo American||Capital Pic|||161,842||
||7.487% NTS RZD Capital Pic|||||138,027||
||4.875% NTS Imperial|Brands|Finance Pic|||121,573||
||4.875% NTS General|Electric|Co|||234,582||
||Debtors|||||||
|||||||2021f|2020f|
||Accrued bond interest||||33,301||35,225|
|5.|Creditors: amounts
falling due within one year|||||||
|||||||2021f|2020f|
||Accruals|||||4,577|4,436|
||Creditors|||||4,692||
|||||||9,269|4,436|
##
|Unrestricted|funds|movement
analysis|year end|ed 5April 2021|||
|---|---|---|---|---|---|---|
|||Balance at 6|||Gains I|Balance at 5|
|||April 2020f|Income
f|Expenditure
f|(losses)f|April 2021f|
|Income||1,123,315|87,824|(78,726)|203,419|1,335,832|
|Capital||866,642||||866,642|
|||1,989,957|87,824|(78,726)|203,419|2,202,474|
|Unrestricted|funds|movement
analysis|year ended 5April 2020||||
|||Balance at 6|||Gains I|Balance at 5|
|||April 2019
F|Income
f|Expenditure
f|(losses)f|April 2020f|
|Income||1,243,980|96,162|(97,294)|(119,533)|1,123,315|
|Capital||866,642||||866,642|
|||2,110,622|96,162|(97,294)|(119,533)|1,989,957|
|7.|Reconciliation
ofnet expenditure|Reconciliation
ofnet expenditure|to net cash flow from operating|activities||
|---|---|---|---|---|---|
|||||2021|2020|
|||||5||
||Net expenditure
for year before|gains and losses||9,098|(1,132)|
||Dividends,
interest and rents from||investments|(87,824)|(96,162)|
||Decrease/(Increase)
in debtors|||1,924|(2,137)|
||Increase
in creditors|||4,832|139|
||Net cash flow from operating|activities||(71,970)|(99,292)|
##