OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-04-05-accounts

Trustee's
Annual
Report
Independent
Examiner's		 Report
Statement ofFinancial Activities
Balance Sheet
Cash Flow Statement
Schedule ofInvestments and Income
Notes to the Financial Statements

FORTHK Y EAR ENDED 5APRIL 2021
2021 2021 2020
Note Unrestricted Total Prior year
funds funds total funds
Income from:
Donations
and		 legacies 504,364 504,364 5,716
Investments 3,900 3,900 4,628
Total 508,264 508,264 10,344
Expenditure on:
Raising funds 144 144 145
Charitable
activities		 23,247 23,247 24,842
Total 23,391 23,391 24,987
Net income/(expenditure) 484,873 484,873 (14,643)
Other recognised gains/(losses):
Gains/(losses) on investment assets 92,225 92,225 (47,098)
Net movement in funds 577,098 577,098 (61,741)
Reconciliation offunds:
Total funds brought forward 16 371,352 371,352 433,093
Total funds carried forward 948,450 948,450 371,352

AS AT 5APRI L 2021
Note 2021 2020
Total Prior year
funds funds
0
Fixed Assets:
Investments 914,755 346,013
Total Fixed Assets 914,755 346,013
Current Assets;
Debtors 12 2,416
Cash at bank 13 37,266 23,748
Total Current Assets 37,266 26,164
Liabilities:
Creditors: Amounts falling due within one year 14 (3,571) (825)
Net Current
Assets		 or Liabilities 33,695 25,339
Total Net Assets or Liabilities 948,450 371,352
The Funds of the Charity:
Unrestricted
funds		 16 948,450 371,352
Total Charity Funds 948,450 371,352

F OR TH E Y EAR ENDED 5A PRIL 2021
Note 2021 2020
Total Prior year
funds funds
g
Cash generate from operating activities:
Net cash provided
by (used in) operating		 activities 17 486,134 (20,862)
Cash flows from other sources:
Dividends,
interest and		 rents from investments 3,900 4,628
Proceeds from sale ofinvestment 6,145 8,576
10,045 13,204
Application
ofcash:
Purchase ofinvestments (482,661) 37
(482,661) 37
Net increase/(decrease) in cash 13,518 (7,621)
Cash at bank and in hand less overdrafts at the beginning 23,748 31,369
ofthe year
Cash at bank and in hand less overdrafts at year end 18 37,266 23,748
Cl
Ct		 CI
E
m
0
4t44
440
0
O
4l		 0
V
I
0		 0 yO
CS		 gO
t00		 NO
Ct
6
CI
0
CV Ca 0t
CD ICI
44 CD
4t I.0 0
0 Vt 'lC
O CS 0I
I
CO
CV		 CD
Ct
0 ~ 04
,0		 O
ot		 44 OC
Q
x ICI
A g Ot CO
+ v) I0
0		 Ca
A
V!
0		 4I
0
I
Ca
m
00 0 40
'D
'0
'44		 CO r4
AO
O 00
0 44
O		 '0
M
0
'D
O CD
CD
0 CO D
C'0
44
g
CT
9
cE
0
Ctt
0 Q
Ctt		 'E0'
Ct0
'C
0
co		 o
Sg
Ia
0
r/J
CJ		 E
OJ
$
4
5
E		 )
SIS
0
G
y
4

4. Donations and legacies 2021 2020
g 8
Estate ofDr Sebastian Lazareno 500,000
V M Tritton Discretionary Settlement 4,364 5,091
James Barnard 625
504,364 5,716
5. Investment income 2021 2020
g g
Income from investments 3,900 4,626
Gross bank interest 2
3,900 4,628
6. Expenditure on raising funds 2021 2020
Investment management fees 144 145
144 145
7. Charitable activities Direct Support
costs costs
(see note 8) (see note 9) Total
8
Charitable expenditure 19,130 4,117 23,247

furtherance ofits charitable ob jectiv e s. The se are as follows:
g
National
Gallery - George		 Beaumont Trust 4,100
The Wallace Collection 2,230
Charities Aid Foundation 2,000
Sussex Community
Foundation		 1,500
Royal Opera House 1,200
Mary How Trust 1,000
Lincoln College Oxford 1,000
National
Opera Studio		 1,000
14,030
Other grants (equal to or individually less than f800) 5, 100
Total for the year 19,130
Analysis ofgrants made Grants to Grants to
institutions individuals Total
g
Prevention
or relief ofpoverty		 200 200
Advancement
ofeducation		 1,800 1,800
Advancement
ofreligion		 1,500 1,500
Advancement
ofhealth or		 the saving oflives 1,800 1,800
Advancement
ofthe arts, culture, heritage		 or science 10,230 10,230
Advancement
ofenvironmental		 protection or improvement 1,500 1,500
Any other charitable
purposes		 2,100 2,100
18,930 200 19,130
Support costs 2021 2020
g
Administration
expenses		 2,821 1,594
Audit'independent
examination		 fees 960
Legal Entity Identification number fee 70 75
Portfolio Stewardship
fees		 266 483
4,117 2,152

11. Fixed asset investments 2021 2020
Market value brought
forward		 346,013 401,724
Additions 482,661
Less disposal proceeds (6,144) (8,613)
Net gains/(losses)
on investments		 92,225 (47,098)
Market value carried forward 914,755 346,013
Geographical
analysis		 2021 2020
United Kingdom
investments		 912,472 343,499
Overseas investments 2,283 2,514
914,755 346,013

12. Debtors 2021 2020
Gift Aid reclaims 2,416
2,416
13. Cash at bank 2021 2020
g
Royal Bank ofScotland pic 29,444 16,390
Schroder &Co Limited 7,822 7,358
37,266 23,748
14. Creditors: Amounts
falling due		 within one year 2021 2020
Independent
examination		 fees 960
Administration
Expenses		 1,141
Payments
due to charities		 1,400 750
Legal Entity Identification number fee 70 75
3,571 825

15. Commitments
made		 Annual Annual Number Total
value ofyears
No conditions
attached:
Science Museum 750 750
Westminster
Synagogue		 250 250
Joseph Banks Society 400 400
1,400
16. Movement
in funds		 2021 2020
g
Unrestricted
funds:
Balance brought
forward		 371,352 433,093
Net movement
in funds		 577,098 (61,741)
Balance carried forward 948,450 371,352
Net movement
in funds included		 in the above are as follows:
Gains and Movement
Income Outgoings losses in funds
g
Unrestricted
funds		 508,264 (23,391) 92,225 577,098
17. Reconciliation
ofnet income/(expenditure)		 to net cash flow from Operating Activities
2021 2020
Net income/(expenditure) (as per the Statement ofFinancial Activities) 484,873 (14,643)
Adjustments
for:
Dividends,
interest and rent		 from investments (3,900) (4,628)
(Increase)/decrease
in debtors		 2,416 (2,416)
Increase/(decrease)
in creditors		 2,746 825
Net cash provided
by/(used		 in) Operating Activities 486,135 23,748
18. Reconciliation
ofnet income/(expenditure)		 to net cash flow from Operating Activities
2021 2020
Cash at bank and in hand 37,266 23,748
Overdrafts
included
in bank		 loans and overdratis due within one year
37,266 23,748