| Page | ||||
|---|---|---|---|---|
| Reference and administrative | details ofthe Charity, | its Trustees and advisers | ||
| Trustees' report |
2-10 | |||
| Independent auditors' |
report | on the financial statements | 11-14 | |
| Statement offinancial | activities | 15 | ||
| Balance sheet | 16 | |||
| Notes to the financial | statements | 17-27 |
| Trustees | Morris Peacock | |||
|---|---|---|---|---|
| Alexander Munro |
||||
| Graham Tuttle |
||||
| Patrick Harris | ||||
| Charity registered | ||||
| number | 266842 | |||
| Principal | office | Howes Percival | ||
| Flint Buildings | ||||
| 1 Bedding Lane | ||||
| Norwich | ||||
| NR3 1RG | ||||
| independent | auditors | Larking Gowen LLP | ||
| Chartered Accountants |
||||
| King Street House | ||||
| 15Upper King Street |
||||
| Norwich | ||||
| NR3 1RB | ||||
| Bankers | Barclays Private | Bank | ||
| 1 Stanhope | ||||
| Mayfair | ||||
| London | ||||
| W1K 1AF | ||||
| Solicitors | Howes Percival | LLP | ||
| Flint Buildings | ||||
| 1 Bedding Lane | ||||
| Norwich | ||||
| NR3 1RG | ||||
| Investment | advisor | Barratt &Cooke | Limited | |
| 5 Opie Street | ||||
| Norwich | ||||
| NR1 3DW | ||||
| Investment | advisor | Barclays Wealth | ||
| 1 Churchill Place |
||||
| Canary Wharf | ||||
| London | ||||
| E145HP |
| Unrestricted | Endowment | Total | Total | ||||||
|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||||
| Note | 2021 f |
2021 f |
2021 F |
2020f | |||||
| Income and endowments | from: | ||||||||
| Investments | 346,318 | 346,318 | 446,651 | ||||||
| Total income and | endowments | 346,318 | 346,318 | 446,651 | |||||
| Expenditure on: |
|||||||||
| Investment manager fees |
12,800 | 12,800 | 14,590 | ||||||
| Charitable activities |
350,767 | 350,767 | 446,644 | ||||||
| Total expenditure | 350,767 | 12,800 | 363,567 | 461,234 | |||||
| Net movement in |
funds before other | ||||||||
| recognised gains/(losses) |
(4,449) | (12,800) | (17,249) | (14,583) | |||||
| Other recognised | gains/(losses): | ||||||||
| Gains/(losses) on revaluation assets |
offixed | 2,193,644 | 2,193,644 | (1,683,429) | |||||
| Net movement in |
funds | (4,449) | 2,180,844 | 2,176,395 | (1,698,012) | ||||
| Reconciliation of |
funds: | ||||||||
| Total funds brought | forward | 10,000 | 12,142,381 | 12,152,381 | 13,850,393 | ||||
| Net movement in funds |
(4,449) | 2,180,844 | 2,176,395 | (1,698,012) | |||||
| Total funds carried forward | 5,551 | 14,323,225 | 14,328,776 | 12,152,381 |
| Note | 2021 | 2020f | |||||
|---|---|---|---|---|---|---|---|
| Fixed assets | |||||||
| Investments | 14,253,600 | 12,118,771 | |||||
| Current assets | |||||||
| Debtors | 9 | 63,901 | 52,795 | ||||
| Cash at bank and | in | hand | 25,136 | 166,691 | |||
| 89,037 | 219,486 | ||||||
| Creditors: amounts | falling due within one | ||||||
| year | 10 | (13,861) | (135,876) | ||||
| Net current assets | 75,176 | 83,610 | |||||
| Creditors: amounts | falling due after more | ||||||
| than one year | (50,000) | ||||||
| Net assets | 14,328,776 | 12,152,381 | |||||
| Total net assets | 14,328,776 | 12,152,381 | |||||
| Charity funds | |||||||
| Endowment funds |
14,323,225 | 12,142,381 | |||||
| Unrestricted funds |
5,551 | 10,000 | |||||
| Total funds | 14,328,776 | 12,152,381 |
| Unrestricted | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2020 | 2020 | ||
| 6 | 6 | ||
| Income | from listed investments | 446,364 | 446,364 |
| Interest | on cash deposits | 287 | 287 |
| 446,651 | 446,651 |
| Grants to | Total | ||
|---|---|---|---|
| Institutions | funds | ||
| 2021 | 2021 | ||
| F | E | ||
| Grants | payable | 313,943 | 313,943 |
| Grants to | Total | ||
| institutions | funds | ||
| 2020f | 2020f | ||
| Grants | payable | 407,562 | 407,562 |
| 2021 5 |
2020 f |
||||||
|---|---|---|---|---|---|---|---|
| Name of institution | |||||||
| 46th Norwich Scout Group | 10,000 | ||||||
| Build the Nest | 15,000 | ||||||
| Caistor Roman Project Ltd | 5,000 | ||||||
| EACH | 50,000 | ||||||
| Fresh Start New Beginnings | 5,000 | ||||||
| Friends of Hewett | 5,000 | ||||||
| Harleston Information |
Plus | 5,000 | |||||
| Leeway Domestic Violence | and Abuse | Services | 5,000 | ||||
| MAP Youth Work | 5,000 | ||||||
| Matthew Project |
5,000 | f9,252 | |||||
| Norfolk Community Foundation |
(Millennium | Power Pack) | 10,000 | ||||
| Norfolk and Norwich | Festival | 10,000 | 5,000 | ||||
| Norfolk Wildlife Trust | 5,000 | ||||||
| Norwich Cathedral |
10,000 | ||||||
| Norwich Quaker Meeting |
5,000 | ||||||
| Pandora Project | 5,000 | ||||||
| Shrublands Youth & |
Adult Centre Charitable | Trust | 5,000 | ||||
| Soul Foundation | 10,000 | ||||||
| The Big C Appeal Ltd (Nearer |
to Home | Appeal) | 30,000 | ||||
| The Norfolk Hospice | - Tapping | House | 20,000 | ||||
| UEA - Covid 19Research | and | antibody | test | development | 5,000 | ||
| YMCA Norfolk | 50,000 | ||||||
| 55,000 | 244,252 | ||||||
| Other grants to institutions | (under 55,000) | 258,943 | 163,310 | ||||
| 313,943 | 407,562 |
| Grant | ||||
|---|---|---|---|---|
| funding of |
Support | Total | ||
| activities | costs | funds | ||
| 2020f | 2020f | 2020 | ||
| Grants payable | 407,562 | 39,082 | 446,644 | |
| Analysis | ofsupport costs |
| Grants | Total | ||
|---|---|---|---|
| payable | funds | ||
| 2021 | 2021 | ||
| 5 | |||
| Management | fees | 29,324 | 29,324 |
| Audit &accountancy | 7,500 | 7,500 | |
| 36,824 | 36,824 |
| Grants | Total | ||
|---|---|---|---|
| payable | funds | ||
| 2020f | 2020f | ||
| Management | fees | 30,078 | 30,078 |
| Audit &accountancy | 8,904 | 8,904 | |
| Professional | fees | 100 | 100 |
| 39,082 | 39,082 |
| 2021 | 2020f | |||||
|---|---|---|---|---|---|---|
| Fees payable | to the Charity's | auditor for the audit ofthe Charity's | annual | |||
| accounts | 7,500 | 6,000 | ||||
| Fees payable | to the Charity's | auditor | in respect of: | |||
| Prior auditor | fees for prior period audit | 2,904 |
| During | the | year, | no Trustees received any remuneration | or other benefits (2020 - ANIL). |
|---|---|---|---|---|
| During | the | year | ended 5 April 2021, no Trustee expenses | have been incurred (2020 - fNIL). |
| Listed | |
|---|---|
| investments | |
| 6 | |
| Valuation | |
| At 6 April 2020 | 11,808,226 |
| Additions | 1,615,406 |
| Disposals | (1,597,719) |
| Revaluations | 2,193,644 |
| Cash held at brokers | 234,043 |
| At 5 April 2021 | 14,253,600 |
| Valuation | |
| At 5 April 2021 | 14,253,600 |
| At 5April 2020 | 11,808,226 |
| The porffolio was invested as follows: | ||
|---|---|---|
| 2021 | 2020 | |
| 0/ | 0/ | |
| Gilts | 7 | 7 |
| Bonds | 2 | 2 |
| Unit trusts | 37 | 32 |
| Equities | 52 | 56 |
| Cash | 2 | 3 |
| 100 | 100 |
| 2021f | 2020f | ||
|---|---|---|---|
| Due within | one year | ||
| Prepayments | and accrued income | 63,901 | 52,795 |
| 63,901 | 52,795 |
| Creditor | s: Amounts | falling due within one year | ||
|---|---|---|---|---|
| 2021 | 2020f | |||
| Other creditors | 3,000 | 22,000 | ||
| Accruals | and deferred | income | 10,861 | 23,876 |
| Pledged | donations | 90,000 | ||
| 13,861 | 135,876 |
| 2021f | 2020f |
|---|---|
| 50,000 |
| Balance at 6 | Gains/ | Balance at 5 | |||||
|---|---|---|---|---|---|---|---|
| April 2020 | Income f |
Expenditure f |
(Losses) f |
April 2021 f |
|||
| General | funds | 10,000 | 346,318 | (350,767) | 5,551 | ||
| Endowment | funds | 12,142,381 | (12,800) | 2,193,644 | 14,323,225 | ||
| 12,152,381 | 346,318 | (363,567) | 2,193,644 | 14,328,776 |
| Summary offun |
ds - prior year |
|||||
|---|---|---|---|---|---|---|
| Balance at | Transfers | Gains' | Balance at | |||
| 1 April 2019f | Income f |
Expenditure f |
in/out f |
(Losses) f |
5April 2020 f |
|
| General funds | (445,230) | 446,651 | (446,644) | 455,223 | 10,000 | |
| Endowment | ||||||
| funds | 14,295,623 | (14,590) | (455,223) | (1,683,429) | 12,142,381 | |
| 13,850,393 | 446,651 | (461,234) | (1,683,429) | 12,152,381 |
| Analysis Analysis |
of net assets between of net assets between |
funds funds |
- current year | |||
|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Total | ||||
| funds | funds | funds | ||||
| 2021 f |
2021 F |
2021 F |
||||
| Fixed asset investments | 14,253,600 | 14,253,600 | ||||
| Current assets | 19,412 | 69,625 | 89,037 | |||
| Creditors | due within one year | (13,861) | (13,861) | |||
| Total | 5,551 | 14,323,225 | 14,328,776 | |||
| Analysis | of net assets between | funds | - prior year | |||
| Unrestricted | Endowment | Total | ||||
| funds | funds | funds | ||||
| 2020 6 |
2020 f |
2020 F |
||||
| Fixed asset investments | 12,118,771 | 12,118,771 | ||||
| Current | assets | 195,876 | 23,610 | 219,486 | ||
| Creditors | due within one year | (135,876) | (135,876) | |||
| Creditors | due in more than one year | (50,000) | (50,000) | |||
| 10,000 | 12,142,381 | 12,152,381 |