|Contents|Pages|
|---|---|
|Trustees'
annual
report|2 —9|
|Auditor's
report|10-13|
|Statement offinancial activities|14-15|
|Balance sheet|16|
|Statement ofcash flows|17|
|Notes to the financial statements|18-25|
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|||Unrestricted|Expendable|2021|2020|
|---|---|---|---|---|---|
|||Income|Endowment|Total|Total|
||Notes|Fund|Fund|Funds|Funds|
|||f|f||f|
|Income||||||
|Investment
income|2|963,049||963,049|792,314|
|Totalincome||963,049||963,049|792,314|
|Expenditure||||||
|Raising funds:||||||
|Investment
management||598||598|635|
|costs||||||
|Charitable
activities:||||||
|Grant expenditure||638,586||638,586|965,000|
|Grant related support
costs||25,169||25,169|24,001|
|Governance
costs||13,519||13,519|13,495|
|Cost ofgrant making||677,274||677,274|1,002,496|
|Total expenditure||677,872||677,872|1,003,131|
|Net income / (expenditure)||285,177||285,177|(210,817)|
|Transfer between funds|6|(285,177)|285,177|||
||||285,177|285,177|(210,817)|
|Netgains/(losses)
on||||||
|investments||||||
|Unrealised|7||3,242,597|3,242,597|(3,715,336)|
|Realised|11||(36,297)|(36,297)|(1,128,035)|
||||3,206,300|3,206,300|(4,843,371)|
|Net movement
in funds|||3,491,477|3,491,477|(5,054,188)|
|Reconciliation offunds||||||
|Total funds brought
forward|||14,257,101|14,257,101|19,311,289|
|Total funds carried forward|||17,748,578|17,748,578|14,257,101|
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|Comparative
year information||Unrestricted|Expendable|2020|
|---|---|---|---|---|
|Year ended 5April 2OZO||Income|Endowment|Total|
||Notes|Fund|Fund|Funds|
|||E|E|6|
|Income|||||
|Investment
income|2|792,314||792,314|
|Total income||792,314||792,314|
|Expenditure|||||
|Raising funds:|||||
|Investment
management||635||635|
|costs|||||
|Charitable
octi vi ties:|||||
|Grant expenditure||965,000||965,000|
|Grant related support
costs||24,001||24,001|
|Governance
costs|5|13,495||13,495|
|Cost ofgrant making||1,002,496||1,002,496|
|Total expenditure||1,003,131||1,003,131|
|Net income / (expenditure)||(210,817)||(210,817)|
|Transfer between funds|6|210,817|(210,817)||
||||(210,817)|(210,817)|
|Net gains / (losses) on|||||
|investments|||||
|Unrealised|7||(3,715,336)|(3,715,336)|
|Realised|11||(1,128,035)|(1,128,035)|
||||(4,843,371)|(4,843,371)|
|Net movement
in funds|||(5,054,188)|(5,054,188)|
|Reconciliation offunds|||||
|Total funds brought forward|||19,311,289|19,311,289|
|Total funds carried forward|||14,257,101|14,257,101|
##
|Balance sheet||||||
|---|---|---|---|---|---|
|As ofSApril 2021||||||
|||Unrestricted|Expendable|2021|2020|
|||Income|Endowment|Total|Total|
||Notes|Fund|Fund|Funds|Funds|
|||E|E|6|E|
|Fixed assets||||||
|Investments|||16,421,291|16821,291|12,445,879|
|Total fixed assets|||16,421,291|16,421,291|12,445,879|
|Current assets||||||
|Debtors|8|584,942||584,942|119,550|
|Cash||(579,605)|1,327,287|747,682|1,817,190|
|Total current
assets||5,337|1,327,287|1,332,624|1,936,740|
|l.iabilities||||||
|Creditors: amounts||||||
|falling due within one|9|(5,337)||(5,337)|(125,518)|
|year||||||
|Net current assets|||1,327,287|1,327,287|1,811,222|
|Total assets less current
liabilities|||17,748,578|17,748,578|14,257,101|
|Creditors: amounts||||||
|falling due after one||||||
|year||||||
|Net assets|||17,748,578|17,748,578|14,257,101|
|The funds ofthe||||||
|charity||||||
|Expendable
endowment
fund|||17,748,578|17,748,578|14,257,101|
|Unrestricted
income||||||
|fund||||||
|Total charity funds|||17,748,578|17,748,578|14,257,101|
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|Notes tothe financial statements|Notes tothe financial statements|Notes tothe financial statements|||
|---|---|---|---|---|
|Forthe|year ended 5April 2021||||
|3|Grant expenditure
(continued)||2021|2020|
||||E|E|
||The British Stammering|Association|20,000||
||Animal
Free Research
UK||15,000||
||||281,036|130,000|
||Education and The Arts||||
||Farms for City Children||40,000||
||Stage One||20,000||
||Music for Youth||20,000||
||Separate Doors||12,550||
||Pimlico Opera||10,000||
||||102,550|80,000|
||Social Welfare||||
||Community
First (Youth|Action Wiltshire)|40,000||
||British Red Cross (Beirut|appeal)|25,000||
||Ebony Horse Club||20,000||
||NSPCC||20,000||
||SnowCamp||20,000||
||Windmill
Hill City Farm||20,000||
||The Maytree
Respite Centre||20,000||
||The Separated
Child Foundation||10,000||
||||175,000|195,000|
||The Environment
and Wildlife||||
||Wilts ik Berks Canal Trust||20,000||
||Campaign to Protect Rural England||20,000||
||The Brooke||20,000||
||Friends ofthe Earth||20,000||
||||80,000|560,000|
||Total grants expenditure||638,586|965,000|
##
||||Basis of|Grant||2021|2020|
|---|---|---|---|---|---|---|---|
||||apportion-|making|Governance|Total|Total|
||||ment|6|6|6|6|
|Management||fee|Work done|24,300|8,100|32,400|31,591|
|Subscriptions|||Actual|261|87|348|331|
|Auditors|remuneration||Actual||5,100|5,100|5,460|
|Web site|costs||Actual|591|197|788|79|
|Sundries|||Actual|17|35|52|35|
|Total||||25,169|13,519|3$,688|37,496|
|Fixed asset|investments||2021|2020|
|---|---|---|---|---|
||||f|6|
|Movement|in fixed asset investments:||||
|Market value at 5 April||2020|12,445,879|19,206,838|
|Additions|||999,382|4,467,125|
|Disposals|||(266,567)|(7,512,748)|
|Unrealised|investment|gains / (losses)|3,242,597|(3,715,336)|
|Market value at 5 April||2021|16,421,291|12,445,879|
##
|7|Fixed asset|investments|(continuedj|||
|---|---|---|---|---|---|
||Investments|at fair value|comprised:|2021|2020|
||||||E|
||Equity funds|||16321,291|12,445,879|
||Total|||16,421,291|12,445,879|
|8|Debtors||2021
8|2020f|
|---|---|---|---|---|
||Prepayments||238|233|
||Accrued income||584,704|119,317|
||||584,942|119,550|
|9|Creditors: amounts|falling due within one year|2021
6|2020f|
||Grants payable|||120,000|
||Accruals||5,337|5,518|
||||5,337|125,518|
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|Staff costs||||2021|2020|
|---|---|---|---|---|---|
|||||Total|Total|
|||||6|6|
|Wages and|salaries|||13,500|13,700|
|Social security costs||||1,863|1,891|
|Employers'|contributions|to defined contribution|pension scheme|3,713|3,163|
|Other employee
benefits||||219|203|
|||||19,295|19,012|
|Reconciliation
ofnet movement
in funds to ne|t cash flow fr|om operating
activ|ities|
|---|---|---|---|
|||2021|2020|
|||6|6|
|Net movement
in funds||3,491,477|(5,054,188)|
|Deduct interest income||(1)|(100)|
|Deduct dividends
and interest from investments||(459,039)|(792,214)|
|Deduct (gains) / add back losses on unrealised|investments|(3,242,597)|3,715,336|
|(Gains) / losses realised on sale ofinvestments||36,297|1,128,035|
|Decrease / (increase)
in debtors||(465,392)|(119,200)|
|Increase / (decrease) in creditors||(120,181)|(37,959)|
|Net cash used in operating
activities||(759,436)|(1,160,290)|
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