| Legal and administrative information | 1 |
|---|---|
| Report of the trustees | 2 |
| Report of the independent auditors to the trustees | 10 |
| Statement of financial activities | 15 |
| Statement offinancial position | 16 |
| Notes to the financial statements | 17 |
| Trustees | Trustees | Mrs S M Collinson | Mrs S M Collinson | |||
|---|---|---|---|---|---|---|
| Mrs M L Hall |
||||||
| Mr N Hall | ||||||
| Mr P Morgan | ||||||
| Mrs C Footer | ||||||
| Accountants,administrators | FCM Limited | |||||
| and correspondence | address | 2nd Floor,International House | ||||
| 41 The Parade | ||||||
| St Helier | ||||||
| Jersey,Channel | Islands | |||||
| JE2 3QQ | ||||||
| Statutory | auditor | Spenser Wilson Ltd | ||||
| Chartered Accountants |
||||||
| Equitable House | ||||||
| 55 Pellon Lane | ||||||
| Halifax | ||||||
| West Yorkshire | ||||||
| HX1 5SP | ||||||
| Bankers | Barclays Private | Bank | ||||
| PO Box 82 | ||||||
| 5 Esplanade | ||||||
| St Helier | ||||||
| Jersey,Channel | Islands | |||||
| JE2 3QA | ||||||
| Discretionary investment | Odin Investment | Management | Limited | |||
| managers | Centenary House | |||||
| La Grande Route | de St Pierre | |||||
| St Peter | ||||||
| Jersey,Channel | Islands | |||||
| JE3 7AY | ||||||
| Investment | custodians, | UBS Wealth Management AG | ||||
| nominees | and bankers | IFC1 | ||||
| St Helier | ||||||
| Jersey | ||||||
| Channel Islands |
||||||
| JE2 3BX | ||||||
| Charity | number | 270775 |
| Unrestricted | Unrestricted | 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| income | capital | Total | Total | |||||||
| Notes | ||||||||||
| INCOME AND |
ENDOWMENTS | |||||||||
| Investment income |
2 | 342, 117 | ||||||||
| Total income |
342, 117 | 342, 117 | 380, 314 | |||||||
| EXPENDITURE | ON | |||||||||
| Raisingfunds | ||||||||||
| Investment management |
fees | 3 | 28, 617 | 28, 617 | 57, 234 | 65, 045 | ||||
| Charitable activities |
4, | 5 & | 6 | 324, 622 | 54, 081 | 378, 703 | 436, 533 | |||
| Other | ||||||||||
| Governance costs |
5 & | 7 | 8, 688 | 8, 689 | 17, 377 | 23, 595 | ||||
| Total expenditure |
361, 927 | 91, 387 | 453, 314 | 525, 173 | ||||||
| Net income/( expenditure) |
19, 810) | |||||||||
| Other recognised | gains | and | losses | |||||||
| Realised gains/( losses)on investments |
8 | 106, 564 | 106, 564 ( | 422, 511) | ||||||
| Unrealised gains/( |
losses) | on | investments | 8 | 1, 539, 666 | 1, 539, 666 ( | 1, 303, 798) | |||
| Other gains / ( losses) | ||||||||||
| Exchange ( losses) |
10, 380) | 10, 380) ( | 20, 760) ( | 4, 313) | ||||||
| Total recognised | gains and | losses | 10, 380) | 1, 635, 850 | 1, 625, 470 | 1, 730, 622) | ||||
| Net movement in |
funds | 30, 190) | 1, 544, 463 | 1, 514, 273 | 1, 875, 481) | |||||
| Reconciliation of | funds | |||||||||
| Total funds brought forward | 06 April | 2020 | 203, 849 | 9, 309, 455 | 9, 513, 304 | 11, 388, 785 | ||||
| Total funds carried forward |
05 April | 2021 | 173, 659 | 10, 853, 918 | 11, 027, 577 | 9,513, 304 |
| Notes | 2021 | 2020 | |
|---|---|---|---|
| FIXED ASSETS |
|||
| Investments at market value | 8 | 10, 783, 243 | 6, 663, 156 |
| CURRENT ASSETS |
|||
| Cash at bank/broker | 9 | 248, 667 | 2, 891, 837 |
| Debtors | |||
| Loan receivable | 10 | 27, 075 | 26, 494 |
| 275, 742 | 2, 918, 331 | ||
| LIABILITIES | |||
| Creditors falling due within one year | 11 | 31, 408 | 68, 183 |
| NET CURRENT ASSETS | 244, 334 | 2, 850, 148 | |
| TOTAL NET ASSETS |
11, 027, 577 | 9, 513, 304 | |
| THE FUNDS OF THE CHARITY | |||
| Unrestricted income funds |
|||
| Capital account | 10, 853, 918 | 9, 309, 455 | |
| Income account | 173, 659 | 203, 849 | |
| UNRESTRICTED FUNDS |
12 | 11, 027, 577 | 9, 513, 304 |
| INVESTMENT INCOME |
2021 | 2020 | |
|---|---|---|---|
| Dividends -UK equities | 124, 299 | 375, 397 | |
| Interest on bank deposits | 315 | ||
| Interest —fixed interest securities & |
funds | 217, 818 | 4,602 |
| 342, 117 | 380, 314 | ||
| INVESTMENT MANAGEMENT | FEES | 2021 | 2020 |
| Investment management fees,inclusive ofcustodian charges | 57,234 | 65, 045 | |
| This is split equally between capital | and income. |
| 4. | GRANTS AWARDED |
2021 | ||
|---|---|---|---|---|
| Ability North London | 3, 000 | |||
| Acheinu Cancer Support |
1, 000 | |||
| Advantage Africa |
2, 000 | |||
| Adventure Ashram |
1, 000 | |||
| Age Concern North Norfolk |
4,000 | |||
| AK Welfare Association | 1, 000 | |||
| Alder Hey Childrens'Charity | 5, 000 | |||
| All Ears International | 1, 000 | |||
| Allsorts Gloucestershire | 3,000 | |||
| Assisting Berkshire Children | to read | 1, 000 | ||
| Axminster and Lyme Cancer |
Support | 1, 000 | ||
| Batheaston new village hall |
2,000 | |||
| Bedford Guild House |
4,000 | |||
| Big Issue Foundation | 2,000 | |||
| Birmingham IA | 1, 000 | |||
| Bobath Scotland ( SCIO) |
2, 000 | |||
| Boxes of basics |
5, 000 | |||
| Brendoncare fundraising | 4,000 | |||
| British Red Cross Society re Beirut Appeal | 5, 000 | |||
| Carlisle Youth Zone | 4,000 | |||
| Cerebral Palsy Plus | 3, 500 | |||
| City Escape | 3, 000 | |||
| Clearvision Project | 1, 000 | |||
| Community Hub | 3, 000 | |||
| Coventry Rugby Community | Foundation | 2, 000 | ||
| Deafblind UK | 3, 100 | |||
| Demelza House Childrens' |
Hospice | 3, 000 | ||
| Diverse Abilities | 4,520 | |||
| Dolphin Society | 2,000 | |||
| Edinburgh Childrens' Hospital |
2,000 | |||
| Sub -total carried forward |
79,120 |
| 4. | GRANTS AWARDED ( | continued) | continued) | 2021 |
|---|---|---|---|---|
| Sub -total brought forward |
79, 120 | |||
| Educate for Life |
1, 675 | |||
| Evergreen Africa | 1, 000 | |||
| Exeter Royal Academy for DeafEducation | 2,000 | |||
| Federation of Jewish Services |
Business | 3, 675 | ||
| Filwood Hope Limited |
2,400 | |||
| Finding Rhythms | 2,000 | |||
| Freedom Community Project | 1, 000 | |||
| Friends Reaching Out | 2,500 | |||
| Ghanian' s Childrens' Trust |
2,000 | |||
| Guys and St Thomas | 5, 000 | |||
| Gympanzees | 4,000 | |||
| Herston Village Hall |
2, 000 | |||
| Hope City Foundation | 2,000 | |||
| Horan Village hall and recreation | 1, 000 | |||
| Humanity Gives |
3, 000 | |||
| In Touch Kids United |
2, 000 | |||
| Ivybridge &District Community Transport | 4,000 | |||
| Katharine House Hospice Ltd |
2,000 | |||
| Kids Inspire | 2,000 | |||
| Kids R Us | 1, 000 | |||
| Leicestershire Multiple Sclerosis Therapy |
3, 200 | |||
| Livingstone Tanzania Trust |
2,000 | |||
| Luton Shopmobility | 1, 000 | |||
| Lyra in Africa | 1, 000 | |||
| Medbourne Village Hall Trust |
2,000 | |||
| Motor Neurone Disease Association | 4,000 | |||
| Operation Imprezza |
2,000 | |||
| Penny Brohn Cancer Care | 3, 000 | |||
| Porridge &Pens | 2,000 | |||
| PP Canterbury Oast Trust Ltd | 2,500 | |||
| Sub -total carried forward | 148, 070 |
| 4. | GRANTS AWARDED ( continued) |
GRANTS AWARDED ( continued) |
GRANTS AWARDED ( continued) |
GRANTS AWARDED ( continued) |
2021 |
|---|---|---|---|---|---|
| Sub -total brought forward | 148, 070 | ||||
| Prevent 2 Project |
2,000 | ||||
| Quest for Learning | 2,000 | ||||
| Retina UK | 2,230 | ||||
| Rhythm beat and drama |
1, 000 | ||||
| Richard House Trust |
3, 000 | ||||
| Rowan Alba Limited | 2,000 | ||||
| Royal Airforces Association |
2,000 | ||||
| Royal British Legion Industrial Ltd | 3, 000 | ||||
| Save the Children - Beirut appeal |
5, 000 | ||||
| See Kenya | 3, 000 | ||||
| Sense the National Deafblind & |
Rubella | 3, 000 | |||
| Sheffield Mencap | 4,000 | ||||
| Shrewsbury Christian Association | Centre | 3, 000 | |||
| South Carshalton Seniors Centre |
3, 000 | ||||
| Speak With It | 2,000 | ||||
| St Gemmas Hospice Registered | Charity | 3, 000 | |||
| Stanley Grange Community Association | 1, 000 | ||||
| Stay at School | 3, 000 | ||||
| Sudden Productions | 1, 000 | ||||
| Thanet Community Development |
Trust Ltd | 2,000 | |||
| The Abingdon Bridge | 2,000 | ||||
| The Addenbrookes Charitable |
Trust | 2,000 | |||
| The Brakes Community Foundation |
2,000 | ||||
| The British Red Cross | 3, 000 | ||||
| The Cheer Up Squad Limited | 3, 000 | ||||
| The Connection at St Martin in the Field |
20, 000 | ||||
| The Fylde Rugby Community | Foundation | 8,540 | |||
| The Heart of Kent Hospice Ltd |
5, 000 | ||||
| The Ickle Pickle Partnership Limited | 4,000 | ||||
| Sub -total carried forward | 247, 840 |
| 0 | GRANTS AWARDED | ( continued) | 2021 |
|---|---|---|---|
| Sub -total brought forward | 247,840 | ||
| The Linda Tremble Foundation |
1, 000 | ||
| The Lullaby Trust | 3, 000 | ||
| The Pelican Cancer Foundation |
2,000 | ||
| The Salvation Army UK | 20, 000 | ||
| Thornley Hall Centre Ltd | 2,000 | ||
| Up N Away | 1, 000 | ||
| Veterans Growth |
5, 000 | ||
| Warwickshire Wheelchair | Basketball Academy | 5, 700 | |
| Wheely Boat Trust | 4,000 | ||
| World Medical Fund |
2,000 | ||
| Yorkshire Air Ambulance |
Ltd | 4,000 | |
| Young Creatives Nottingham | 1, 000 | ||
| YWCA Young Womens'Trust | 7, 000 | ||
| 305,540 | |||
| Total grants from income | |||
| Capital grants | |||
| Ayrshire Cancer Support |
7,000 | ||
| Candlelighters Trust Fund |
7, 000 | ||
| Perry RDA Cavalier Centre | 7,000 | ||
| Royal Trinity Hospice | 7,000 | ||
| Teenage Cancer Trust |
7,000 | ||
| Total grants from capital | 35,000 |
| Charitable | |||||
|---|---|---|---|---|---|
| Total | Governance | activities | Basis of | ||
| allocated ( | Note 7) | Note 6) | apportionment | ||
| Administration, | |||||
| accountancy & | 80%charitable | ||||
| office | expenses | 47,704 | 9,541 | 38, 163 | activities |
| Allocation | Total | Total | ||||
|---|---|---|---|---|---|---|
| Grant | of 50%of | income | income | |||
| Sector | funded | support | fund | fund | ||
| activity | costs | 2021 | 2020 | |||
| Grants | from income |
|||||
| Medical and social care | 22 | 67,230 | 4, 198 | 71, 428 | 105, 503 | |
| Disabled and aged | 31 | 93, 595 | 5, 915 | 99, 510 | 132, 354 | |
| Homeless | 10 | 30,000 | 1, 908 | 31, 908 | 30, 715 | |
| Children and young persons | 29 | 89,715 | 5, 534 | 95,249 | 86,236 | |
| Church | and community projects | 8 | 25, 000 | 1, 527 | 26, 527 | 21, 286 |
| 305, 540 | 19, 082 | 324, 622 | 376, 094 |
| Capital | Total | Total | ||||||
|---|---|---|---|---|---|---|---|---|
| Total | 50%of | charitable | charitable | |||||
| Sector | income | support | activities | activities | ||||
| 2021 | costs | 2021 | 2020 | |||||
| Grants from income | ||||||||
| Medical and social care |
22 | 71, 428 | 4, 198 | 75,626 | 111, 506 | |||
| Disabled and aged | 31 | 99, 510 | 5,915 | 105, 425 | 139, 858 | |||
| Homeless | 10 | 31, 908 | 1, 908 | 33, 816 | 32,430 | |||
| Children and young persons | 29 | 95, 249 | 5, 533 | 100, 782 | 91, 167 | |||
| Church and community projects | 8 | 26, 527 | 1, 527 | 28, 054 | 22, 572 | |||
| 324,622 | 19, 081 | 343, 703 | 397,533 | |||||
| Grants from capital |
||||||||
| Medical and social care | 40 - | 14, 000 | 14,000 - | |||||
| Disabled and aged | 20 - | 7,000 | 7,000 - | |||||
| Church and community projects | 40 - | 14, 000 | 14,000 | 39,000 | ||||
| Total Charitable Activities |
324, 622 | 54,081 | 378, 703 | 436, 533 | ||||
| Support costs have been allocated | equally between income | and capital | attributed to | charitable | ||||
| activities per note 5. | ||||||||
| ANALYSIS OF GOVERNANCE |
COSTS | |||||||
| 2021 | 2020 | |||||||
| Trustees' expenses - |
546 | |||||||
| Auditors remuneration | 4,836 | 5,090 | ||||||
| Administration,accountancy & | sundry ( | refer to note | 5) | 9,541 | 10, 720 | |||
| Legal and professional fees -database | development | 3,000 | 7,827 | |||||
| 17,377 | 23, 595 |
| Movement in fixed asset investments |
2021 | 2020 |
|---|---|---|
| Marketvalue atbeginning ofthe year | 6,663, 156 | 11, 109, 416 |
| Additions at cost | 3,511, 282 | 1, 834, 141 |
| Disposal proceeds | 1, 037,425) | 4,554, 092) |
| Net investment gains/(losses):- | ||
| Realised | 106, 564 | 422, 511) |
| Unrealised | 1, 539, 666 | 1, 303, 798) |
| Market value at the end ofthe year | 10,783,243 | 6,663, 156 |
| Historical cost at the end of the year | 9,771, 284 | 7,261, 121 |
| Investments at market value comprised: |
||
| Equities and funds | 7,886,351 | 3, 216, 989 |
| Fixed asset securities | 2,896, 892 | 3, 446, 167 |
| 10,783, 243 | 6, 663, 156 | |
| UK investments | 2,540, 743 | 1, 764, 199 |
| Overseas investments | 8,242, 500 | 4, 898, 957 |
| 10,783, 243 | 6,663, 156 |
| Investment | Investment | Shareholding % | Total | Market value | |||
|---|---|---|---|---|---|---|---|
| market | 2021 | ||||||
| value £ | |||||||
| Karnes Capital | High Yield Global | 122,000 | 5. 83% | 629, 020 | |||
| Bond | A $ | ||||||
| New | Capital | Wealthy Nations | Bond | Fun( | 6,570 | 6.91% | 745, 235 |
| GBP |
| 9. | CASH AT BANK | Account | Account | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Capital | ||||||
| UBS AG,Jersey ( GBP &EUR &USD) | Deposit | 139,755 | 2, | 729, 908 | ||
| Income | ||||||
| UBS AG,Jersey ( GBP,EUR &USD) | Deposit | 85, 086 | 107, 410 | |||
| Barclays Bank Plc | HICA | 23, 826 | 54, 519 | |||
| 108, 912 | 161, 929 | |||||
| Total cash at bank | 7dQ 4A7 |
7 | Q01 Q27 |
|||
| 10. | LOAN RECEIVABLE | 2021 | 2020 | |||
| Capital | ||||||
| The Executors of C V Green | 27,075 | 26,494 | ||||
| Loan to the Executors of C V Green for repairs | and insurance of the freehold | property,12 | ||||
| Osborne Gardens,Harrogate in which the trustees | have a contingent interest. | |||||
| 11. | ANALYSIS OF CURRENT LIABILITIES: |
|||||
| Creditors under oneyear | 2021 | 2020 | ||||
| Income | ||||||
| Custodian fees | 1, 138 | 1, 165 | ||||
| Investment management fees |
6,253 | 5, 302 | ||||
| Administration fee and sundry expenses | 5,813 | 5, 625 | ||||
| Audit fee -Spenser Wilson &Co | 2,500 | 2, 500 | ||||
| 15,704 | 14, 592 | |||||
| Capital | ||||||
| Charitable grant pledged to the RNLI | 39, 000 | |||||
| Custodian fees |
1, 138 | 1, 164 | ||||
| Investment management fees |
6,253 | 5, 302 | ||||
| Administration fee and sundry expenses | 5,813 | 5, 625 | ||||
| Audit fee -Spenser Wilson &Co | 2,500 | 2, 500 | ||||
| 15,704 | 53, 591 | |||||
| Total income and capital current liabilities |
31, 408 | 68, 183 |
| Analysis of fund | movements: | ||||
|---|---|---|---|---|---|
| Funds b/f | Incoming | Resources | Gains & | Funds c/f | |
| resources | expended | losses | |||
| Unrestricted | |||||
| funds | 9,513, 304 | 342, 117 ( | 453, 314) | 1, 625, 470 | 11, 027, 577 |