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|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|
##
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|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|||
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||||||||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|
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|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|
##
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|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|
##