##
##
|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|
##
##
##
##
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##
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##
##
##
##
##
##
##
##
|||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||||
##
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##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||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)|
##
##
|11|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|
##
##
##
##
|18|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|