2021-09-30-accounts - The Peter Minet Trust

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Contents
						Page
Reference and adminstrative		details ofthe charity,		its Trustees and advisers
Report ofthe Trustees						2-8
Independent Auditor's	Report					9-10
Statement of Financial	Activities		and income &expenditure		account
Balance Sheet						12
Notes to the Financial	Statements					13-17


Trustee	s		The following are the Trustees			who served during	the year and
			are appointed as and when necessary.
			Mr. Simon Hebditch			(resigned	23 February 2021)
			Ms. Aanchal Clare			(resigned	10September 2021)
			Ms. Tracey Fletcher
			Mr. Thomas Gayfer
			Ms. Patricia Okonkwo
			Ms. Laura Solomons			(resigned	10September 2021)
			Ms. Anne Young
Director			Mrs. Rachel Oglethorpe
Address			Marshall House
			66 Newcomen Street
			London
			SE1 1YT
Auditors			RPG Crouch Chapman	LLP
			Chartered Accountants
			5th Floor
			14-16Dowgate Hill
			London EC4R 2SU
Solicitors			Stone King LLP
			Boundary House
			91 Charterhouse Street
			London
			EC1M 6HR
Bankers			Messrs C. Hoare &Co.
			37 Fleet Street
			London
			EC4P 4DQ
Investment		managers	Brewin Dolphin Securities		Limited
			12Smithfield Street
			London
			EC1A 9BD
			Investec Wealth & Investment			Limited
			2 Gresham Street
			London
			EC2V TQP
Charity	Number		259963

								2021	2020
								Unrestricted	Unrestricted
							Notes	Fund	Fund
								f	E
Income from:
Investments								164,258	172,219
Total income								164,258	172,219
Expenditure on:
Raising funds
Investment	management				costs			19,724	17,341
Charitable activities
Grants								180,000	255,000
Salaries								40,535	27,005
Administration			costs					32,746	20,496
Total Expenditure								273,005	319,842
Gains/(Losses)		on		investment		assets		910,048	(536,552)
Net (Expenditure)				Income				801,301	(684,175)
Net movement		in	funds					801,301	(684,175)
Reconciliation		offunds
Total Funds at	1st		October		2020			5,223,325	5,907,500
Total Funds at		30th September				2021	14	6,024,626	5,223,325

				Notes		2021		2020f
Fixed Assets
Intangible assets				9			2,000
Tangible assets				9	796		796
Investments				7	5,708,859		5,112,881
Current Assets		tlat				5,709,655		5,115,677
Debtors				10	10,567		17,732
Cash at bank					314,516		99,301
					325,083		117,033
Current Liabilities
Creditors: A t t Ill	g d		y	11	~10.112		9,567
Net Current Assets						314,971		107,466
Total Assets	Less Current		Liabilities			6,024,626		5,223,143
Funds ofthe	Charity
Unrestricted				14		6,024,626		5,223,325

	Reporting Standard 102a	s amen	ded	by Update	Bulletin 1.
2	Investment Income						2021f		2020f
	Income from investments					f	164,258	F.	172,219
3	Grants to institutions						2021f		2020f
	Charitable Grants approved: 0 en Fund Multi-Year Grants
	Home-Start Southwark						30,000		30,000
	Indoamerican Refugee and Migrant			Organization	(IRMO)		30,000		30,000
	Loughborough Junction Action Group						30,000		30,000
	St Matthew's Project						30,000		30,000
	Stepping Stones Learning	and Leisure					30,000		20,000
	Westminster House Youth	Club					30,000		30,000
							180,000		170,000
	0 n Fund i le Grant
	Home-Start Lambeth Total 0 en Fund Grants						180,000		10,000 180,000
	Strate ic Fund Grants
	Lambeth Community Response Fund			Waves 1&	2:Walcot
	Educational Foundation								25,000
	Southwark Community Response		Fund Waves 1		&2:United St
	Saviour's Charity								25,000
	Southwark Community Response		Fund Wave 3:United St Saviour's
	Charity								25,000
									75,000
	Total Open and Strategic	Funds	Grants			f	180,000	f	255,000

5	Salaries											2021		2020
												6		6
	Salary ofTrust Director											33,208		20,079
	Pension to former employee											5,246		5,180
	Social Security costs											408		748
	Contribution to Trust Director's			pension		plan						1,674		998
											6	40,535	F	27,005
	The average monthly number ofemployees								was as follows:			No		No
	Administration (part time	shared		with	The		Idlewild Trust until 22					1		1
	March 2021).
	No employee received remuneration				of	more			than 660,000.
	Apart from the Trustees,	key management						comprises		the Trust	Director.	The aggregate	remuneration
	ofkey management amounted			to 633,208				(2020:620,079)
6	Related party transactions
	There were no related party		transactions				other than those stated				in Note	4.
7	Administration											2021 6		2020f
	Office expenses											12,435		7,480
	Property expenses											9,035		5,777
	Professional fees											4,444		1,247
	Audit fee - current year											3,300		3,240
	Auditors - other services											555		263
	Depreciation											2,977		2,489
												32,746	6	20,496
8	Investments											2021		2020
												6		6
	Listed Investments
	Market value at 1 October	2020										4,673,945		5,360,845
	Additions											676,715		308,389
	Disposals											(701,799)		(458,737)
	Revaluation Investec portfolio Revaluation Brewin Dolphin portfolio											16,019 894,029	(14,271) ~522,281
												5,558,909		4,673,945
	Cash with investment managers											149,950		438,936
	Market value at 30September 2021											5,708,859		5,112,881

9	Tangible 8 Intangible		Tangible	Tangible		Intangible
			Olfice	Benefactor
			equipment	software	Website build			Total assets
	Cost			f				F
	Cost at 1stOctober 2020		4,614	2,010		6,000		12,624
	Additions		795					795
	At 30th September 2021		5,409	2,010		6,000		13,419
	Depreciation
	At 1st October 2020		3,636	2,010		4,000		9,646
	Charge for the year		977	-		2,000		2,977
	At 30th September 2021		4,613	2,010		6,000		12,623
	Net Book Value
	At 30th September 2021	f	796 f	Nil		Nil		796
	At 30th September 2020	f	978 f	Nil	f	2,000	f	2,978
10	Debtors					2021		2020
	Due within one year:					F		F
	Dividends receivable					2,466		2,173
	Prepaid rent and services					8,101		15,560
						16,567	6	17732
11	Creditors					2021		2020
	Due within one year:					f		f
	Audit fee					3,300		3,240
	Professional fees					6,637		5,834
	Other creditors					175		493
					f	10,112	f	9,567

14 Statement offunds - Current year	14 Statement offunds - Current year	14 Statement offunds - Current year	14 Statement offunds - Current year
				Balance								Transfers	Balance at
					01-Oct-20		Income			Expenditure		in/out	30-Sep-21
						f			f		f	f
Designated funds					360,000							(180,000)	180,000
Expenditure					5,399,877			164,258			(273,005)	180,000	5,471,130
General fund: Gains/(Losses)		on
investments					536,552						910,048		373,496
Total Unrestricted funds					5,223,325			164,258			637,043		6,024,626
Total offunds					5,223,325			164,258			637,043		f 6,024,626
The designated fund represents			the	planned commitment					made	to	multi year	grants. The Trustees are ofthe
opinion that this represents	a	designated			fund because			an	intention		exists to	set aside these	funds to provide
multi year grants.
Statement offunds - Prior	year
				Balance								Transfers	Balance at
					01-Oct-19		Income			Expenditure		in/out	30-Sep-20
											f		f
Designated funds												360,000	360,000.00
Expenditure					5,907,500			172,219			(319,842)	(360,000)	5,399,877
General fund: Gains/(Losses)		on
investments											536,552		536,552
Total Unrestricted funds					5,907,500			172,219			(856,394)		5,223,325
Total offunds				5,907,500			172,219				856,394		f 5,223,325
5 Analysis ofnet assets between			funds		- Current	year
										Unrestricted		Designated	Total
											Funds	Funds	Funds
											f		f
Intangible fixed assets											0		0
Tangible tixed assets										5,529,655		180,000	5,709,655
Current assets Creditors due within one year											325,083 10,112		325,083 ~10,112
										5,844,626		160,000	6024,626
Analysis ofnet assets between			funds		- Prior year
										Unrestricted		Designated	Total
											Funds f	Funds	Funds f
Intangible fixed assets											2,000		2,000
Tangible fixed assets										4,755,859		360,000	5,115,859
Current assets Creditors due within one year											117,033 9,567		117,033 ~40662
										4,865,325		360,000	5,225,325