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|REFERENCE AND ADMINISTRATION
DETAILS|REFERENCE AND ADMINISTRATION
DETAILS|||||||
|---|---|---|---|---|---|---|---|
|Charity Registration
Number:|262355|||||||
|Principal Office:|Rathbones
Trust Company,|8 Finsbury||Circus, London, EC2M 7AZ||||
|Trustees who served during|Mr C E BGarland|||(Appointed
17February 2021)||||
|the period and on the date|Mr W J BGarland|||(Appointed
17February 2021)||||
|the Report was approved:|Nigel Guy De Laval Harvie|||(Removed
due to inability to act||17February 2021)||
||Lloyds Banking Group|||(Retired 17February 2021)||||
|Accountants:|Rathbones
Trust Company,|8 Finsbury||Circus, London, EC2M 7AZ||||
|Independent
Examiner:|Mrs Kerry Roberts, C/o Port|of Liverpool
Building,
Pier Head, Liverpool,||||L3 1NW||
|Bankers:|Lloyds Bank pic, The Clock|House,|22-26 Ock Street, Abingdon,
Oxfordshire,||||OX14 5SW|
|Investment
Managers:|Rathbones
Investment
Management||Ltd, 8 Finsbury
Circus, London,||EC2M||7AZ|
||(With effect from 29September 2021)|||||||
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|||||||Unrestricted|Expendable|||
|---|---|---|---|---|---|---|---|---|---|
|||||||General|Endowment|Total|Total|
|||||||Funds|Funds|Funds|Funds|
|||||||2021|2021|2021|2020|
||||||||f|||
||||||Notes|||||
|Income and|Endowments|||from:||||||
|Investments||||||34,091|0|34,091|45,339|
|Other Income||||||139|0|139|151|
|Total||||||34,230|0|34,230|45,490|
|Expenditure|on:|||||||||
|Charitable
activities||||||24,546|0|24,546|75,350|
|Total||||||24,546|0|24,546|75,350|
|Net gains/(losses)|||on investments||||292,155|292,155|(263,718)|
|Net income/(expenditure)||||||9,684|292,155|301,839|(293,578)|
|Net movement||In|funds|||9,684|292,155|301,839|@93,578)|
|Balance as at||6th|April 2020|||51,784|1,042,231|1,094,015|1,387,593|
|Balance as at||5th|April 2021|||61,468|1,334,386|1,395;854|1,094,015|
##
||||Unrestricted|Expendable|||
|---|---|---|---|---|---|---|
||||General|Endowment|Total|Total|
||||Funds|Funds|Funds|Funds|
||||2021|2021|2021|2020|
||||F||||
|||Notes|||||
|Fixed Assets|||||||
|Investments|||0|1,334,386|1,334,386|1,042,231|
|Total Fixed Assets|||0|1,334,386|1,334,386|1,042,231|
|Current Assets|||||||
|Debtors||10|22|0|22|0|
|Cash at bank and in|hand|1'l|64,746|0|64,746|51,784|
|Total Current Assets|||64,768|0|64,768|51,784|
|Liabilities:|||||||
|Creditors: Amounts|falling due||||||
|within one year|||3,300|0|3,300||
|Net Current Assets|||61,468|0|61,468|51,784|
|Total Net Assets as at 5th April 2021|||61,468|1,334,386|1,395,854|1,094,015|
|Funds ofthe Charity||14|||||
|Total Funds as at 5th April 2021|||61,468|1,334,386|1,395,854|1,094,015|
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|3|Investments|||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||||f||
||UK Equities and Income - gross|||||31,834|45,339|
||Overseas
Income - gross|||||2,377|0|
||REIT - gross|||||109|0|
||Non-reclaimable
Overseas||tax deducted||at source|(229)|0|
|||||||34,091|45,339|
|4|Other Income|||||2021|2020|
||Bank Interest|||||139|151|
|||||||139|151|
|5|Charitable
activities|||||2021|2020|
||Grant making
to institutions:|||||||
||Donations
(note 6)|||||3,500|62,900|
||Sundry office costs|||||0|324|
||Governance
costs (note 7)|||||21,046|12,126|
|||||||24,546|75,350|
|0|Charitable
activities|||||2021|2020|
||Grant making:|||||||
||Prince ofWales Lodge|||||2,100|0|
||Irish Guards
Chadity|||||500|0|
||Dingwall
Community|Development||Company||200|0|
||National
Army Development||Museum|||200|0|
||Lifeboat Service Memorial||Book Trust|||200|0|
||Lloyds Charities
Fund|||||200|0|
||Royal Trinity Hospice|||||100|0|
||Other|||||0|62,900|
|||||||3,500|62,900|
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|7|Governance|Costs||2021|2020|
|---|---|---|---|---|---|
||Support and|Administration||12,766|12,048|
||Accountancy|fee (inc VAT)||1,800|0|
||Independent|Examination|fee (inc VAT)|1,500|0|
||Legal fee|||4,080|'7B|
|||||21,046|'l2,126|
##
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|||Value at|Acquisition|Gales|Realised|Unrealised|Value at|
|---|---|---|---|---|---|---|---|
|||06/04/2020|costs|proceeds|Gains/(Losses)|Gains/(Losses)|05l04l21|
|Listed:||||||F||
|UK Equities||672,366|0|5,496|928|188,200|855,998|
|Overseas|Equities|291,859|1,309|0|0|103,026|396,194|
|Cash||78,006|||||82,194|
|||1,042,231|1,309|5,496|928|291,227|1,334,386|
##
|Investments
representing
more than 5|%ofthe portfolio's total m|
|---|---|
|AstraZeneca|5.72|
|Diageo|6.96|
|Fidelity|8.27|
|Gartm ore|6.42|
|Mellon|5.10|
|Next|7.13|
|Rio Tinto|5.91|
|Royal Dutch Shell|5.40|
##
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|10|Current assets||||||2021|2020|
|---|---|---|---|---|---|---|---|---|
||Debtors||||||||
||Tax reclaimable||||||22|0|
||||||||22||
|11|Cash at bank and in hand||||||2021|2020|
||Cash at bank||||||64,746|51,784|
||||||||64,746|51,784|
|12|Liabilities:||||||2021|2020|
||Amounts
falling|due within one|||year:||||
||Accruals||||||3,300|0|
||||||||3,300||
|13|Financial
Instruments||||||2021|2020|
||Carrying
amount offinancial||||assets||||
||Debt instruments
receivable|||within one year|||||
||—Cash||||||64,746|51,784|
||||||||64,746|51,784|
||Carrying
amount offinancial||||liabilities||||
||Payable within|one year|||||||
||-Creditors|and Accruals|||||3,300||
||Instruments
measured||at|fair|value through|SOFA|||
||Investments
at|value and|cash||held for investment||1,334,386|'l,042,231|
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|14|Movements|between|funds|||||||
|---|---|---|---|---|---|---|---|---|---|
|||||Balance at|'|||Gains I|Balance at|
|||||05/04/20
f||Income|Expenditure|(Losses)f|05I04/21|
||Endowment|||||||||
||Investments|||1,042,231||0|0|292,155|1,334,386|
||Unrestricted|funds:||||||||
||General funds|||51,784||34,230|(24,546)||61,468|
||Total funds|||1,094,015||34,230|(24,546)|292,155|1,395,854|
##
|16|Comparative|Statement|Statement|ofFinancial Activities|Unrestricted|Expendable||
|---|---|---|---|---|---|---|---|
||||||General|Endowment|Total|
||||||Funds|Funds|I-'unds|
||||||2020f|2020f|2020f|
||Income and|Endowments||from:||||
||Investments||||45,339||45,339|
||Other Income||||151||151|
||||||45,490||45,490|
||Total|||||||
||Expenditure|on:||||||
||Charitable
aclivllies||||75350||75,350|
||Total||||75,350||75,350|
||Net gains/(losses)||on investments|||(263,718)|(263,718)|
||Net movement
in||funds||(29,860)|(263,718)|(293,578)|
||Balance brought forward||||81,644|1,305,949|1,387,593|
||Balance as at 5th||April 2020||51,784|1,042,231|1,094,015|