2021-03-31-accounts - The S M B Trust

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Trustees		B M O'Driscoll	B M O'Driscoll
		JAAnstead
		IA PWilson
Charity number		263614
Principal address		The SMB Trust
		15Wilman	Road
		Tunbridge	Wells
		Kent
		TN4 9AJ
Auditor		Norman Cox &Ashby
		Grosvenor	Lodge
		72 Grosvenor Road
		Tunbridge	Wells
		Kent
		TN1 2AZ
Bankers		CAF Bank	Limited
		25 Kings Hill Avenue
		Kings Hill
		West Mailing
		Kent
		ME194TA
Property agents		Lubbock Property			Management	8racketts
		The Old Vicarage				27-29 High	Street
		107Upper	Tulse	Hill		Tunbridge	Wells
		London				Kent
		SW2 2RD				TN1 1UU
Solicitors		Pothecary	Witham		Weld	Buss Murton
		34 Eccleston Square				31 High Street
		Pimlico, London				Cranbrook
		SW1V1PX				Kent
						TN17 3EE
Investment	advisors	Fiske Pic
		100Wood	Street
		London
		EC2V 7AN

		Page
Trustees' report		1-4
Statement oftrustees'	responsibilities
Independent auditor's	report	6-8
Statement offinancial	activities
Balance sheet		10
Statement ofcash flows
Notes to the financial	statements	12-19

		Tunbridge Wells
		Kent
		TN1 2AZ
Bankers		CAF Bank Limited
		25 Kings Hill Avenue
		Kings Hill
		West Mailing
		Kent, ME194TA
Property agents		Lubbock Property	Management	Bracketts
		The Old Vicarage		27-29 High	Street
		107Upper Tulse	Hill	Tunbridge	Wells
		London SW2 2RD		Kent TN1 1UU
Solicitors		Pothecary Witham	Weld	Buss Murton
		34 Eccleston Square		31 High Street
		Pimlico, London		Cranbrook
		SW1V1PX		Kent
				TN17 3EE
Investment	advisors	Fiske Pic
		100Wood Street
		London
		EC2V 7AN

		Notes	2021f	2020 8
Income from:
Charitable activities			81,705	83,395
Investments			420,611	476,261
Total income			502,316	559,656
Expenditure on:
Charitable activities		5	488,834	426,560
Net gains/(losses) on investments		10	654,853	(760,263)
Net movement	in funds		668,335	(627,167)
Fund balances	at 1April 2020		11,511,129	12,138,296
Fund balances	at 31 March 2021		12,179,464	11,511,129

						2021	2020
					Notes		E
Fixed assets
Tangible assets					11	1,758,588	1,758,588
Investment	properties				12	5,690,816	5,690,816
Investments					13	4,316,425	3,677,261
						11,765,829	11,126,665
Current assets
Debtors					15	19,385	36,627
Cash at bank		and	in	hand		401,583	355,359
						420,968	391,986
Creditors:	amounts			falling due within	16
one year						(7,333)	(7,522)
Net current	assets					413,635	384,464
Total assets		less	current liabilities			12,179,464	11,511,129
Income funds
Unrestricted		funds
Generalunrestricted				funds		10,942,183	10,273,848
Revaluation		reserve				1,237,281	1,237,281
						12,179,464	11,511,129
						12,179,464	11,511,129

				2021		2020
			Notes	6
Cash flows from operating		activities
Cash absorbed by operations			18		(390,076)		(340,855)
Investing	activities
Purchase	of investments			(19,470)		(110,422)
Proceeds	on disposal of investments			35,159		2
Interest received				420,611		476,261
Net cash activities	generated from investing				436,300		365,841
Net cash	used in financing	activities
Net increase in cash and cash equivalents					46,224		24,986
Cash and	cash equivalents	at beginning	ofyear		355,359		330,373
Cash and	cash equivalents	at end of	year		401,583		355,359

		2021	2020
		8	F
Charitable	rental income	81,705	83,395
Investments
		Unrestricted	Unrestricted
		funds	funds
		2021	2020
		6	F
Rental income		305,816	301,298
Income from listed investments		114,588	174,078
Interest receivable		207	885
		420,611	476,261

			2021	2020
			6	6
Repairs and maintenance			83,200	40,886
Agents' commission			28,413	24,532
Insurance			10,963	7,213
Rates and water			2,049	420
Sundry expenses			6,677	5,603
Printing, postage and stationery			216	94
Trustees' expenses			200	252
Accountancy			4,594	4,518
Bank charges			552	475
			136,864	83,993
Grant funding ofactivities	(see note 6)		347,200	337,500
Share ofgovernance costs (see note 7)			4,770	5,067
			488,834	426,560
Grants payable
			2021	2020
			6	6
Grants to institutions:
Advancement of religion			97,600	91,250
Relief of poverty			62,000	62,500
Social and medical welfare			103,600	100,100
Furtherance ofeducation	and	research	23,000	38,900
Famine Aid			55,500	35,750
Protection ofthe environment		and wildlife	5,500	9,000
			347,200	337,500

Support a	nd governance costs
		Support	Governance	2021	2020
		costs	costs
		f	8
Audit fees			4,770	4,770	5,067
			4,770	4,770	5,067
Analysed	between
Charitable	activities		4,770	4,770	5,067

2021	2020
Number	Number

Net gains/(	loss	es) on investments
			Unrestricted	Unrestricted
			funds	funds
			2021	2020
			8	5
Revaluation	of	investments	655,241	(760,265)
Gain/(loss)	on	sale of investments	(388)	2
			654,853	(760,263)

Tangible	fixed assets
		Land	and buildings
			E
Cost or	valuation
At 1 April	2020		1,758,588
At 31 March 2021			1,758,588
Carrying	amount
At 31 March 2021			1,758,588
At 31 March 2020			1,758,588

Fixed asset investments
	Listed
	investments
	6
Cost or valuation
At 31 March 2021	3,677,261
Additions	19,470
Valuation changes	655,241
Disposals	(35,548)
At 31 March 2021	4,316,424
Carrying amount At 31 March 2021	4,316,424
At 31 March 2020	3,677,261

14	Financial	instruments	instruments						2021	2020
									6	6
	Carrying	amount	of	financial			assets
	Debt instruments		measured			at amortised		cost	19,385	36,627
	Equity instruments		measured				at fair value		4,316,425	3,677,261
	Carrying	amount	of	financial			liabilities
	Measured	at amortised			cost				7,333	7,522
15	Debtors
									2021	2020
	Amounts	falling	due		within		one year:		6	6
	Other debtors								19,385	36,627
16	Creditors:	amounts		falling		due within one year
									2021	2020
										E
	Accruals								7,333	7,522

Cash generated from operations	Cash generated from operations			2021	2020
				6	6
Surplus/(deficit) for the year				668,335	(627,167)
Adjustments for:
Investment income recognised	in statement	offinancial	activities	(420,611)	(476,261)
Loss/(gain) on disposal ofinvestments				388	(2)
Fair value gains and losses on	investments			(655,241)	760,265
Movements in working capital:
Decrease/(increase) in debtors				17,242	(1,137)
(Decrease)/increase in creditors				(189)	3,447
Cash absorbed by operations				(390,076)	(340,855)

CHARITABLE ACTI	VI	TIE	S —G	RA	NTS TO INSTITUTIONS
						2021f	2020 E
3C Church, Cheltenham		(CAP)				1,000
Abernethy Trust							1,500
Action For Children						1,500	1,500
Advantage Africa							1,500
African Childrens' Fund						1,500
Age International						1,000
Aids Orphans of Myanmar						1,000
All Nations Christian	College					3,500	3,500
Amor Europe/Global	Youth		Development				1,500
Anglican International		Development			(South Sudan)	1,500
Anglo-Peruvian Children's			Charity			1,500
Animal Antiks						1,500
Arab Vision Trust						2,000	2,000
Asher Briinging Hope							1,000
Aspens						2,000
Azalea							1,500
Barnabas Fund						3,000	3,000
Barnabus (Manchester)							1,500
Ben Solanky (via Stewardship)						1,500
Bible Society						3,500	3,500
Bishop Simeone Trust						1,000
BMSWorld Vision (Covid)						1,000
BMSWorld Mission						4,000	4,000
Boys Brigade						1,000	1,000
Brace						1,500
Braille Chess Association							1,200
Bridge Trust						3,000	3,000
Bridge Youth Project, Salisbury						1,500
Brighton 8Hove City Mission						1,700
British Red Cross						3,000	3,000
Build Aid						2,000
Cafod							1,500
Care						2,000	2,000
Care International UK						1,000
CBM (match funding)							1,000
Chailey Heritage Foundation							1,500
Challenge Ministries	Swaziland			UK		1,000
Chase Africa							1,500
Chicks							1,000
Chifundo							1,000
Child in Need india						1,500
Child ofHope							1,500
Children ofChoba						1,500
Christian Aid						2,000
Christian Aid South Asia Flood Appeal							1,500
Christian Witness to	Israel					1,500
Christian Youth Enterprises						1,500
Christians against poverty						3,500	3,500
Chrysalis (Epiphany	Trust)						1,500
Church Army						2,000	2,000
Church Urban Fund							2,800
CLASS						1,500	1,500
Clean Up UK						1,000
CMF							2,000

CHARITABLE ACTI	VI	TIES	—	GRAN	TS TO INSTITUTIONS
						2021	2020
						6
CMS						2,500	2,500
Coach in the Community							600
Com paid						1,500	1,500
Concern Worldwide							2,000
CORD							2,000
CPAS - Falcons Disadvantaged				Child	rene Programme		1,500
Crackerjacks							1,000
Crawley Open House							1,000
Cross Teach Trust						2,500	2,500
CrossWays Community						3,000	3,000
Cycle- R							1,000
David Knott Foundation						1,500
Daylight							1,300
Deaf Reach							1,500
Deafway							2,000
DEC						8,000
Dentoid						3,000	3,000
Derbyshire Wildlife Trust							1,000
Dhaka Ahsania Mission						1,000
Disability Africa						1,500
Elam						1,500
Embrace the Middle East							2,000
Empathy Action						1,500
Empathy International						1,500
Evangelical Alliance						2,500	2,500
Excellent Development						2,000	2,000
Fairfield Farm Trust							500
Fairtrade Foundation	Ltd					2,000	2,000
Fareshare						1,500	1,500
Farm Africa						1,500
Farm Africa Limited (match			funding)				1,500
Farm Inspiration Trust						1,500
Febs Radio						3,000	3,000
Fegans Child & Family		Care				2,500	2,500
Fellowship Afloat Charitable			Trust			1,500
Field Lane Foundation						2,000	2,000
Fisherman's Mission						1,500	1,500
Five Talents							2,000
Footsteps International						1,000
Footsteps International		-Kenya					1,500
Friends ofJulius and Dora's			Childrens		Centre	1,000
Frontiers							1,500
Fulfil the Wish						1,500
Gideons International						1,500	1,500
Girls' Brigade						1,000	1,000
Good Neighbours, Coventry						1,500
Great Lakes Outreach						1,500
Growing Hope Kings Cross							1,500
Haven Day Centre							1,500
Home Leone						1,500
Home Start SW Kent						1,500	1,200
Hope International Development				Agan	cy	1,500
Hope Ifow						3,000	3,000
Hospice in the Weald						3,000	2,500

CHARITABLE ACTIVITIES	—GR	ANTS TO INSTITUTIONS
			2021	2020
			5	E
Hospice ofHope			4,000	3,500
Hospice UK			1,500
House on the Comer Community		Project	1,500
Hover Aid			2,000
Impact			4,000	3,000
Insight			2,000
International Egg Foundation			1,000
International Nepal Fellowship			3,000	3,000
International Rescue Committee			1,000	2,500
Interserve			3,000	3,000
IRC - Lebanon			2,000
IT Schools Africa				1,000
Jairah			1,500
Jubilee Campaign			2,000
Jubilee +				2,000
Karen Hilltribes Trust				1,250
Karuna Action				1,500
Kenelm Youth Trust			1,700
Kids Club Kampala				1,000
Kisumu Children				2,000
Legs 4Africa			2,000	2,000
Leonard Cheshire Disability			1,200	1,200
Leprosy Mission			4,000	4,000
Life and Soul			3,000	3,000
Listening Books			1,000	1,000
LIVABILITY (Merged with Prospects)			2,000	2,000
Liverpool City Mission			1,500	1,500
London City Mission			4,000	4,000
London School ofTheology			2,000	2,000
Lunchbowl Network			1,500
MACS			1,700
Make Jesus Known				1,250
Manchester City Mission			1,500
Marie Curie Cancer Care			3,000	3,000
Medair UK			1,500
Medical Aid for Palestinians			1,500
Medecins Sans Frontieres				1,500
Mencap			1,500	1,500
Mercy Ships				1,500
Mero			1,500
Message Trust - Neal Street	Espresso			1,500
Microloan Foundation				1,500
Mid Africa Ministry (Rwanda	-CMS)		2,000	2,000
Mildmay Mission Hospital			3,000	3,000
Mission Aviation Fellowship			3,500	3,500
Mission Without Borders			2,500	2,500
Moorlands Bible College			1,500	1,500
Narthex Sparkhill				1,500
National Autistic Society			1,500
Navigators - Eleanor Wood				300
Novi Most International			1,700	2,000
O.M. - Lizzie Thomson			1,000
Oasis International (Jim &Jane Currell)			3,000	3,000
Oasis UK			3,000	3,000

CHARITABLE AC	T	IVI	T	IES —G	RANTS TO INSTITUTIONS
						2021	2020
						5	g
Off the Fence Trust		I td				1,000
OMF						3,500	3,000
Open Door Exmouth						1,500
Open Doors						3,000	3,000
Operation Mobilisation						2,000	2,000
Operation Mobilisation			Mustard		Fund		1,500
Opportunity international						1,500
Outreach UK (Was		Home Evangelism)				1,000	1,000
Outward Bound Trust						1,500
Partnership for Children							2,500
PCC Chalk						1,000
Page Childrens Foundation						1,500
People International						4,000	4,000
People International		(Karakalpakstan)				1,500
Physically Handicapped				and Able-Bodied		1,000	1,000
Pilgrim's Friends Society						4,000	4,000
Plan International							1,500
Plant Your Future						1,500
Practical Action (COVID)						1,000	2,000
Prisoners Education		Trust					1,800
Project Harar							1,000
Project Trust (Lois	Butler-Kettle)						200
Project Trust (Malawi, Susanne					Presly)		200
Prospects (Merged		with	Livability)				1,000
Pump Aid						1,000
REACH Asia						1,000
Reach the Children		UK					1,000
Re-Cycle						1,500
Re-Cycle Sikes to Africa							2,000
Renew Counselling		( was West			Ham Central Mission)	2,000	2,000
Renewable World							1,000
Resource						1,500
Rochester Diocese		for Tanzania				1,000
Rock UK							1,500
Safe Families for Children							1,500
Salvation Army						3,000	3,000
Samaritans Purse						1,500
SANDES							2,000
SANE							2,000
Sat-7 Trust Ltd						2,500	2,500
Save the Children's		Emergency			Fund		2,000
Scottish Seabird Centre							500
Scripture Union						3,500	3,500
See Ability (was Royal School for the Blind)						1,000	1,000
Send a Cow							1,500
Sense International							1,500
Shelter Box						1,500
Siblings Together						1,500
SIM						2,500	2,500
Simian's Mountain	Mobile			Medical Service		1,500
Sixty One							1,500
Sofa Project						1,500	1,500
SOS Children's Villages			UK				1,500
South Asia Concern							1,500

CHARITABLE ACTIVITIES —GRANTS TO INSTITUTIONS	CHARITABLE ACTIVITIES —GRANTS TO INSTITUTIONS	CHARITABLE ACTIVITIES —GRANTS TO INSTITUTIONS	CHARITABLE ACTIVITIES —GRANTS TO INSTITUTIONS	CHARITABLE ACTIVITIES —GRANTS TO INSTITUTIONS	CHARITABLE ACTIVITIES —GRANTS TO INSTITUTIONS
						2021	2020
						5	B
South West Coast Path Association							1,000
Southampton City Farm						1,500
Sovereign World Trust						3,000	2,500
Speakers for Schools						1,500
Spencer Contact						1,500
Sporting Challenge						1,500
Spurgeon's Bible College						2,000	2,000
Spurgeon's Children's		Charity				1,500	2,000
St Clare Hospice							1,500
St John's School PFA,		Tunbridge		Wells		1,000
St Matthews Church,	Tunbridge			Wells		1,500
StJohn Ambulance						1,500	1,500
Stand By Me						1,500
Starfish Malawi						1,500
Stewardship (Solankys)							1,500
Street Child							1,500
Talitha							1,500
TEAR Fund						5,000	5,000
Tear Fund (COVID)						1,000
The Counselling Centre							1,000
The Hardman Trust							1,500
The House in the Corner			Community		Project		1,500
The Key's Project							1,000
The Linda Tremble Foundation						1,000
The Liver Group						2,000
The Manna Society							1,500
The Message Trust						2,000
The Respite Association							1,000
The Thomas Moreley	Trust (Ro-Ro Sailing Project)						1,500
The Toybox Charity						1,500	1,500
The Translation Trust						2,000	2,000
The Tron Church - Catriona Thomson						200	200
Through the Roof						1,500	1,500
Trees for Cities							1,000
Treloar Trust						1,500	1,500
Tron Church - Stephen		Ballingall				1,000
Try Praying (There is Hope)							1,000
TWBC Building for God							3,000
United Society —Partners			in the Gospel			1,000
University and Colleges		Christian		Fellowship		1,500	1,500
Urban Saints						2,000	2,000
Village Water						1,500
Viva							1,500
Water Aid						1,000
WEC International						2,500	2,500
Wellspring							1,500
West Kent Debt Advice						1,500	1,500
Womankind						1,500
Workplace Matters							1,500
World Wildlife Fund						1,500	1,500
Wycliffe Bible Transistors						2,000	2,000
YFC						2,500	2,500
YFC Tunbridge Wells						2,500	2,500
YMCA Cornwall						1,500

CHARITABLE ACTIVITIES —GRANTS TO INSTITUTIONS	CHARITABLE ACTIVITIES —GRANTS TO INSTITUTIONS	CHARITABLE ACTIVITIES —GRANTS TO INSTITUTIONS
			2021f	2020f
YMCA	National	Council	2,500	2,500
Young	Minds		1,000
Zambia	Orphans	Aid	1,500
Zane				3,000
			~f347200	~f337500