| CONTENTS | Page | |||
|---|---|---|---|---|
| Legal and administrative | information | |||
| Trustees' report |
2-3 | |||
| Trustees' responsibilities |
in relation to the financial | statements | ||
| Independent Auditors' |
report | 5-7 | ||
| Statement offinancial | activities | |||
| Balance sheet | ||||
| Statement ofCash Flows | 10 | |||
| Notes to the financial | statements | 11-18 |
| or the year ended 5 | Apri | l 2021 | |||||
|---|---|---|---|---|---|---|---|
| Note | Unrestricted | Endowment | Total Funds | Total Funds | |||
| Funds | Funds | 2021 | 2020 | ||||
| Income and endowments | from: | ||||||
| Donations | 3 | 2,500,461 | 2,500,461 | ||||
| Investments | 4 | 51,423 | 51,423 | 55,705 | |||
| Total income | 2,551,884 | 2,551,884 | 55,705 | ||||
| Expenditure on: Charitable activities |
72,021 | 72,021 | 95,366 | ||||
| Other | 181 | 181 | 13,875 | ||||
| Total expenditure | 72,202 | 72,202 | 109,241 | ||||
| Gains/(Losses) on investment |
assets | 686,349 | 686,349 | (455,714) | |||
| Net income/(expenses) | 5 | 3,166,031 | 3,166,03 1 | (509,250) | |||
| Reconciliation offunds |
|||||||
| Total funds brought forward |
2,115,463 | 354,195 | 2,469,658 | 2,978,908 | |||
| Reclassification offunds | 354,195 | (354,195) | |||||
| Total funds carried forward | 5,635,689 | 5,635,689 | 2,469,658 |
| 2021 | 2020 | ||
|---|---|---|---|
| Note | |||
| FIXEDASSETS | |||
| Fixed asset investments | 7 | 2,984,076 | 2,305,412 |
| CURRENT ASSETS | |||
| Cash at bank | 2,655,213 | 171,243 | |
| CREDITORS: AMOUNTS FALLING DUE | |||
| WITHIN ONE YEAR | (3,600) | (6,997) | |
| NET CURRENT ASSETS | 2,651,613 | 164,246 | |
| NET ASSETS | 5,635,689 | 2,469,658 | |
| THE FUNDS OF THE CHARITY | |||
| Endowment funds |
354,195 | ||
| Unrestricted funds |
]0 | 5,635,689 | 2,115,463 |
| 5,635,689 | 2,469,658 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Note | |||||||
| Net cash provided | used in | operating | activities | 12 | (75,599) | (103,344) | |
| Cash flows from | investing | activities: | |||||
| Dividends and interest from |
investments | 51,423 | 55,706 | ||||
| Proceeds from sale ofinvestments | 2,502,183 | 2,032,794 | |||||
| Purchase ofinvestments | 974 | (1,983,503) | |||||
| Foreign exchange | trading gain/(loss) | 4,989 | (9,119) | ||||
| Net cash provided | by investing activities |
2,559,569 | 95,878 | ||||
| Change in cash at |
bank and | in hand in | the reporting | period | 2,483,970 | (7,466) | |
| Cash at bank and | in hand at | 6 April | 171,243 | 178,709 | |||
| Cash at bank and | in hand at | 5 April | 2,655,213 | 171,243 |
| INCOME FROM INVESTMENTS | INCOME FROM INVESTMENTS | INCOME FROM INVESTMENTS | INCOME FROM INVESTMENTS | INCOME FROM INVESTMENTS | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
| Dividends received |
51,423 | 55,567 | |||||
| Bank interest received | 138 | ||||||
| 51,423 | 55,705 | ||||||
| NET INCOME FOR THE |
YEAR | 2021 | 2020 | ||||
| Net income is stated after | charging: | ||||||
| Governance costs: |
|||||||
| Independent audit fee Legal and professional |
fees | 3,480 5,960 |
3,396 8,433 |
||||
| 9,440 | 11,829 | ||||||
| CHARITABLE ACTIVITIES | 2021 | 2020 | |||||
| GRANT EXPENDITURE | |||||||
| Addenbrooke's Charitable |
Trust | 250 | |||||
| Ashmolean Museum |
2,000 | ||||||
| British Friends ofthe Art | Museums | of Israel | 1,000 | 6,000 | |||
| Blue Marine Foundation | 250 | ||||||
| British Ski and Snowboard | National | Foundation | 10,500 | ||||
| Cancer Research | 200 | ||||||
| Central Synagogue |
250 | 3,245 | |||||
| Chichester Festival Theatre |
500 | ||||||
| Countryside Alliance |
200 | ||||||
| Cry in the Dark | 500 | ||||||
| CST | 1,000 | ||||||
| DALAID | 5,000 | ||||||
| DLD College | 500 | ||||||
| Fondation Paralysie Cerebrale |
4,369 | ||||||
| Fondation Princess Charlene |
de Monaco | 462 | |||||
| Friends ofthe South Downs | 35 | ||||||
| Grange Park Opera | 250 | ||||||
| Hyde Tennis Club | 500 | ||||||
| Imperial I-lealth Charity |
250 | ||||||
| Ladies Ski Club | 100 | ||||||
| Landaid | 250 | ||||||
| Total carried forward | 8,197 | 29,414 | |||||
| Page 14 |
| he | year ended 5 April 2021 | year ended 5 April 2021 | year ended 5 April 2021 | ||
|---|---|---|---|---|---|
| 6. | CHARITABLE ACTIVITIES (continued) | 2021 | 2020 | ||
| Total brought forward |
8,197 | 29,414 | |||
| London Musical Theatre | Orchestra | 5,000 | |||
| Motor Neurone Disease |
MND | 500 | |||
| National Arts Collection |
Fund | 2,112 | |||
| National Trust |
20,957 | ||||
| Normandy Memorial |
500 | ||||
| Royal Institute ofGreat Britain Royal Society of Literature |
665 | 7,561 5,000 |
|||
| StGeorge's Hospital | 90 | ||||
| South Downs Society | 35 | ||||
| Tennis and Rackets Association | 300 | ||||
| The Art Fund | 2,113 | ||||
| The Children's Trust |
8,500 | ||||
| The Crescent Trust | 5,000 | ||||
| The Design Museum | 4,600 | 4,600 | |||
| The Garden Museum |
5,000 | ||||
| The Gold Standard Charitable |
Trust | 2,500 | |||
| The Henry Jackson Society United Synagogue War Memorials Trust |
25,000 4,418 |
1,432 500 |
|||
| Weizmann UK |
2,000 | ||||
| Winston's Wish |
125 | ||||
| 62,582 | 83,537 |
| GOVERNANCE COSTS |
||
|---|---|---|
| Independent audit fee Legal and professional fees |
3,480 5,960 |
3,396 8,433 |
| 9,440 | 11,829 | |
| TOTAL CHARITABLE ACTIVITIES | 72,022 | 95,366 |
| or th | e year ended 5 April 2021 | e year ended 5 April 2021 | |||
|---|---|---|---|---|---|
| 7. | FIXEDASSET INVESTMENTS | 2021 | 2020 | ||
| Market value at 6 April | 2,305,4]2 | 2,801,299 | |||
| Donation received ofsecurities |
2,500,461 | ||||
| Add additions at cost |
(974) | 1,983,503 | |||
| Less disposals at canying |
value | (2,502,183) | (2„032,793) | ||
| Net gain on disposals | 1,722 | 58,669 | |||
| Net gain/(loss) on revaluation |
679,638 | (505,266) | |||
| 2,984,076 | 2,305,412 | ||||
| Historical cost at 5 April | 2,801,423 | 2,802,397 | |||
| 8. | CREDITORS —Amounts | falling due within | one year | 202] | 2020 |
| Accruals | 3,600 | 6,997 |
| At 6 April | Reclassification | At 5 April | ||
|---|---|---|---|---|
| 2020 | to unrestricted | 2021 | ||
| funds | ||||
| Expendable | Endowment | 354,195 | (354,195) | |
| At 6 April | Investment | At 5 April | ||
| 20]9 | losses | 2020 | ||
| Expendable | Endowment | 441,459 | (87,264) | 354,195 |
| At 6 April | Income | Expenditure | Investment | Reclassiftcation | At 5 April | ||
|---|---|---|---|---|---|---|---|
| 2020 | gains | from | 2021 | ||||
| Endowment | K | ||||||
| Unrestricted | 2,115,463 | 2,55],884 | (72,202) | 686,349 | 354,195 | 5,635,689 | |
| funds | |||||||
| At 6 April | Income | Expenditure | Investment | Reclassification | At 5 April | ||
| 2019 | losses | fiom | 2020 | ||||
| Endowment | f. | ||||||
| Unrestricted | 2,537,449 | 55,705 | (109,241) | (368,450) | 2,115,463 | ||
| funds |
| FUND | BALANC | ES | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Total | |||||||
| Funds | Fund | Funds | |||||||
| Fund | balances | at | 5 | April | 2021 | are | |||
| represented by: |
|||||||||
| Fixed Assets | 2,984,076 | 2,984,076 | |||||||
| Current | assets | 2,655,213 | 2,655,213 | ||||||
| Current | liabilities | (3,600) | (3,600) | ||||||
| 5,635,689 | 5,635,689 | ||||||||
| Fund | balances | at | 5 | April | 2020 | are | |||
| represented by: |
|||||||||
| Fixed Assets | 1,951,217 | 354,195 | 2,305,412 | ||||||
| Cun ent assets | 171,243 | 171,243 | |||||||
| Current | liabilities | (6,997) | (6,997) | ||||||
| 2,115,463 | 354,195 | 2,469,658 |
| ]2. | RECONCILIATION OF NET INCOME TO NET CASH FROM |
2021 | 2020 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net income/(expenses) for the year |
3,166,030 | (509,250) | |
| Adjustments for: |
|||
| Donation received ofsecurities |
(2,500,461) | ||
| (Gains)/Losses on investments |
(686,349) | 455,714 | |
| Dividends from investments |
(51,423) | (55,705) | |
| Decrease in debtors | 2,500 | ||
| (Decrease)/increase in creditors |
(3,396) | 3,397 | |
| (75,599) | (103,344) |