2021-09-30-accounts - The Notgrove Trust

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						2021	2020
					Notes	F	f
Income
Investments						169,061	208,665
Other income						212	3,341
Total income						169,273	212,006
Expenditure Charitable activities						298,329	168,237
Net (expenditure)		Iincome before investment		gains		(129,056)	43,769
Net gains on investments					10	1,717,850	14,309
Net movement	in	funds				1,588,794	58,078
Fund balances	at 1		October 2020			9,223,813	9,165,735
Fund balances	at	30September 2021				10,812,607	9,223,813

					2021	2020
				Notes
Fixed assets
Investments					10,834,033		8,962,620
Current assets
Debtors				12		2,366
Cash at bank and	in	hand			99,222	266,859
					99,222	269,225
Creditors: amounts one year		falling	due within	13	(84,648)	(8,032)
Net current assets					14,574		261,193
Total assets less	current		liabilities		10,848,607		9,223,813
Creditors: amounts more than one year		falling	due after	14	(36,000)
Net assets					10,812,607		9,223,813
Income funds
Unrestricted funds					10,812,607		9,223,813
					10,812,607		9,223,813

					2021		2020
				Notes
Cash flows from operating		activities
Cash absorbed by operations				16		(185,713)		(168,077)
Investing	activities
Purchase	of investments				(11,733,177)		(1,224,408)
Proceeds	on disposal of investments				12,288,998		1,382,686
Dividends	and interest received from investments				171,639		213,071
Net cash	generated from	investing	activities			727,460		371,349
Net increase in cash and		cash equivalents				541,747		203,272
Cash and	cash equivalents	at beginning		ofyear		437,043		233,771
Cash and	cash equivalents	at end of		18
year						978,790		437,043

4	Other income
			2021	2020
			F	F
	Bank interest		212	23
	Accrued interest charge			3,318
			212	3,341
5	Charitable activities
			2021	2020
				F
	Grant funding of activities (see note 6)		239,012	141,737
	Share of support costs (see note 7) Share of governance costs (see note 7)		57,111 2,206	24,670 1,830
			298,329	168,237
6	Grants payable		2021	2020
			E
	Grants to institutions:
	Local charities and hospices The arts 8 museums		48,912 10,500	83,500 24,500
	Youth 8 education		66,600	30,737
	Other national and general	payments	41,000	3,000
	Other		72,000
			239,012	141,737

Support costs		Support	Governance	2021	2020	Basis ofallocation
		costs	costs
		E
Investment management fees - Whitley Asset Management		38,297		38,297
Investment management - Rathbones	fees	18,814		18,814	24,670
Independent examiners	fee		1,794	1,794	1,740	Governance
Bank charges			412	412	90	Governance
		57,111	2,206	59,317	26,500

10	Net gains/(losses)	on invest	ments
						2021	2020
	Unrealised gain Realised gain/(loss)	on sale of investments				851,500 866,350	365,826 (351,517)
						1,717,850	14,309
11	Fixed asset investments
			Listed	Listed	Cash	Cash
			investments	investments	Whitley Asset	Rathbones
			Rathbones	Whitley Asset	Management		Total
				Management	E
	Market value
	At 30September 2020 Additions		8,792,436 2,654,501	9,078,676		170,184	8,962,620 11,733,177
	Realised profit/(loss) Unrealised gain Cash available to invest		866,350 (24,289)	875,789	879,568	(170,184)	866,350 851,500 709,384
	Disposals		(12,288,998)			-	(12,288,998)
	At 30September 2021			9,954,465	879,568		10,834,033

11	Fixed asset investments	Fixed asset investments	Fixed asset investments	Fixed asset investments		(Continued)
					2021	2020
					F	F
	Listed investments		-	Rathbones		8,792,436
	Cash in investment		portfolio - Rathbones			170,184
	Listed investments		-	Whitley Asset Management	9,954,465
	Cash in investment		portfolio - Whitley Asset Management		879,568
					10,834,033	8,962,620
	Historic cost of investments				2021	2020
					F	E
	Rathbones					5,546,459
	Whitley Asset Management				9,078,676
					9,078,676	5,546,459
12	Debtors: amounts			falling due within one year
					2021	2020
	Prepayments and		accrued income			2,366
13	Creditors:	amounts		falling due within one year
					2021	2020
						f
	Independent	examiner's fee			3,354	1,560
	Investment	managment fee			27,794	6,472
	Donations	payable			53,500
					84,648	8,032
14	Creditors:	amounts		falling due after more than one year
					2021	2020
					F	F
	Donations	payable			36,000

16	Cash generated from	operations	operations	operations			2021	2020
							F	F
	Surplus for the year						1,588,794	58,078
	Adjustments for:
	Investment income recognised			in statement	offinancial	activities	(169,273)	. (212,006)
	(Gain)/loss on disposal	of investments					(866,350)	351,517
	Fair value gains and losses on			investments			(851,500)	(365,826)
	Movements in working	capital:
	Increase in creditors						112,616	160
	Cash absorbed by operations						(185,713)	(168,077)
17	Analysis ofchanges	in net funds
	The Trust had no debt	during	the year.
18	Cash and cash equivalents
							2021	2020
							F	F
	Cash at bank and in hand						99,222	266,859
	Cash available to invest						879,568	170,184
							978,790	437,043

Donations made to institutio	ns during the year
		2021	2020
		F	E
3 Choirs		5,000
Allsorts		1,000
Amberley Shop		2,000
Barton Camp Blockley 8 District Allotments		4,000	3,000
Brockworth House Residents	Fund	10,000
CALM			2,500
Cheltenham Festivals		60,000	5,000
Chipping Campden School Cirencester Housing for Young People (C H Y P)		3,000	5,000 3,000
Cleeve School			1,137
Coram Life Education Gloucester		3,000
Conservation Board		800
Cotswold Friends			4,000
Disabled Sailors Association			2,500
Donkathon		2,500
Dursley District Girl Guides. Family Space FareShare South West			'I,OOO 6,000 3,000
Farms for City Children			2,500
Friends ofCotswold		10,000
GL11 Community Project		5,000
Gloucestershire Counselling	Services		4,000
Great Western Air Ambulance		6,000
Home Start Cotswold		10,000	5,000
ITSchools Africa		5,000	3,000
James Hopkins Trust		3,112
Listening Post Gloucester Longfield		5,000	3,000 5,000
Lumbs Foundation		24,000
Maggies Cheltenham			10,000
Carried forward		159,412	68,637