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|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||
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||||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|
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||||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|
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||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|
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||||||||||
|---|---|---|---|---|---|---|---|---|
|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|
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|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|
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|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|
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|---|---|---|---|---|---|---|
|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|
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|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|
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