| Reference and | Reference and | administrative | administrative | information | ||||
|---|---|---|---|---|---|---|---|---|
| Charity registration | number: | 266120 | ||||||
| Correspondence | address: | Portrack Charitable | Trust | |||||
| C/0 Lucy Dare (Part time | administrator) | |||||||
| The Old Stable | ||||||||
| 15A Huntingdon | Street | |||||||
| London | ||||||||
| N1 1BU | ||||||||
| Trustees: | John Keswick Jencks | |||||||
| Lily Clare Jencks | ||||||||
| Louisa Jencks (retired 12 | August 2021) | |||||||
| Chds Gorell Barnes | (appointed | 12August 2021) | ||||||
| Bankers: | HSBC Private Bank | |||||||
| Accountants: | PricewaterhouseCoopers | LLP | ||||||
| 3 Forbury Place | ||||||||
| 23 Forbury Road | ||||||||
| Reading | ||||||||
| Berkshire | ||||||||
| RG1 1JH | ||||||||
| Auditors: | TC Group | |||||||
| The Courtyard | ||||||||
| Shoreham road |
||||||||
| Upper Beeding | ||||||||
| West Sussex | ||||||||
| BN44 3TN | ||||||||
| Investment | advisors: | HSBC Private Bank | ||||||
| Solicitors: | Linklaters LLP |
|||||||
| One Silk Street | ||||||||
| London | ||||||||
| EC2Y BHQ |
| forthe year ended | 5April | 20 | 22 | ||||
|---|---|---|---|---|---|---|---|
| Total | Total | ||||||
| Unrestricted | Unrestdcted | ||||||
| Funds | Funds | ||||||
| Notes | 2022 | 2021 | |||||
| 6 | 6 | ||||||
| Income | |||||||
| - Investment income |
388,444 | 436,172 | |||||
| Total income | 388,444 | 436,172 | |||||
| Expenditure | |||||||
| Cost ofraising funds: | |||||||
| - Investment management |
costs | (5,622) | (5,702) | ||||
| - Foreign exchange | (loss)/gain | (2,523) | (16,168) | ||||
| Expenditure on Charitable |
activities: | (510,826) | (246,200) | ||||
| Total expenditure | (518,971) | (266,090) | |||||
| Other recognised gains and losses: |
|||||||
| - Net unrealised (losses)/gains |
on investment | assets | (1,486,534) | 2,530,124 | |||
| Net (expenditure)/income | |||||||
| Net movement in funds |
(1,617,061) | 2,696,206 | |||||
| Total funds brought | forward | 15,S07,855 | 13,109,649 | ||||
| Total funds carried | forward | 14,190,794 | 15,607,655 |
| Cash Flow for the | year ended | 5 April 2022 | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| 5 | 6 | |||
| Cash flow from operating activities |
||||
| Net (expenditure)/income for the |
year | (1,617,061) | 2,696,206 | |
| Net losses/(gains) | on investment | assets | 1,486,534 | (2,530,124) |
| Dividend income |
(388,444) | (436,172) | ||
| (Decrease)/increase | in creditors | (300) | ||
| (518,971) | (268,390) | |||
| Cash flows from | investing activities |
|||
| Dividend income |
388,444 | 436,172 | ||
| Changes in cash |
in the reporting period |
(130,527) | 167,762 | |
| Cash at the beginning ofthe period |
690,751 | 522,969 | ||
| Cash at the end ofthe period | 560,224 | 690,751 |
| 2. Investment income |
|||||
|---|---|---|---|---|---|
| 2022f | 2021 F |
||||
| Dividends - Overseas equities | 388,444 | 436,172 | |||
| 3. Analysis ofgrants |
|||||
| Blue Marine Foundation | 15,000 | ||||
| British Red Cross Syria | 5,000 | ||||
| British Red Cross Yemen | 5,000 | ||||
| Camden High Line |
5,000 | ||||
| Canonbury School Foundation |
3,000 | ||||
| Carers Trust | 5,000 | ||||
| Children 1st | 5,000 | ||||
| Church Army The Marylebone |
Project | 5,000 | |||
| City Harvest | 5,000 | ||||
| DECAfghanistan Appeal |
50,000 | ||||
| DEC Ukraine Appeal | 20,000 | ||||
| Drayton Park School PTA |
6,000 | ||||
| Friends Of Laycock Primary | 3,000 | ||||
| Friends OfSt John' s | 3,000 | ||||
| Hospice UK | 5,000 | ||||
| Human Rights Watch |
5,000 | ||||
| Innovations for Learning |
UK | 5,000 | |||
| Islington Giving |
50,000 | ||||
| Jamie's Farm | 5,000 | ||||
| Maggie's | 10,000 | ||||
| Magic Breakfast | 5,000 | ||||
| Medecins sans Frontieres | 5,000 | ||||
| Medical Aid for Palestine | 5,000 | ||||
| Ptsa OfSt Mary Magdalene | Academy | 3,000 | |||
| Red Cross Ukraine Appeal |
10,000 | ||||
| Red Thread | 5,000 | ||||
| Refuge | 5,000 | ||||
| Screen Academy Foundation |
100,000 | ||||
| 353,000 |
| Notes to the financial statements | ||
|---|---|---|
| for the year ended 5 April 2022 | ||
| Shelter | 5,000 | |
| Southbank Sinfonia |
5,000 | |
| Switchback | 5,000 | |
| The Jencks Foundation | 100,000 | |
| The Rivers Trust | 5,000 | |
| Thornhill School Foundation |
3,000 | |
| Trees for Cities | 5,000 | |
| Unlocked Graduates | 5,000 | |
| William Tyndale School Association | 3,000 | |
| Women for Refugee Women | 5,000 | |
| Total(note 4) | 494,000 |
| 4. | Expenditure | on Charitable | on Charitable | activities: | ||||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||
| 5 | F | |||||||
| Expenditure | on Charitable | activities: | ||||||
| -Grant funded | activity (note | 3) | 494,000 | 234,000 | ||||
| Analysis of | governance | costs | ||||||
| Accountancy | fees | 4,800 | 4,500 | |||||
| Audit fees | 4,326 | 4,200 | ||||||
| Administrator's | charges | 3,500 | 3,500 | |||||
| Legalfees | 4,200 | |||||||
| 510,828 | 246,200 | |||||||
| 5. | Fixed Asset | Investments | —Unrestricted | Funds | ||||
| Movement | in | fixed asset investments | 2022 | 2021 | ||||
| K | 6 | |||||||
| Market value | brought forward |
15,310,904 | 12,600,780 | |||||
| Net (loss)/gain | on revaluation | (1,486,534) | 2,530,124 | |||||
| Market value | as at 5Apnl | 2022 | 13,644,370 | 15,130,904 | ||||
| Investments | at market value comprised: | 2022 | 2021 | |||||
| 5 | ||||||||
| Overseas securities | 13,644,370 | 15,130,904 |