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|Legal and|administrative||information||
|Trustees'|report|||2-5|
|Independent
examiner's|||report||
|Statement|offinancial|activities|||
|Statement|offinancial|position|||
|Statement|ofcash flows||||
|Notes to|the accounts|||10 - 17|
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|Trustees|||Mrs S EAcland|||||
|---|---|---|---|---|---|---|---|
||||Mr H AAcland|||||
||||Mrs D FAcland|||||
||||Mrs L H Morris|||||
||||Mr N H Rowbotham|||(Appointed|15July 2021)|
|Charity|number||278692|||||
|Registered||office|The Manor|||||
||||Notgrove|||||
||||Nr Cheltenham|||||
||||Gloucestershire|||||
||||GL54 3BT|||||
|Independent||examiner|Bourner Bullock Chartered||Accountants|||
||||Sovereign
House|||||
||||212-224 Shaftesbury|Avenue||||
||||London|||||
||||WC2H 8HQ|||||
|Bankers|||C Hoare 8 Co|||||
||||37 Fleet Street|||||
||||London|||||
||||EC4P 4DQ|||||
|Investment||advisors|Rathbone
Investment|Management||Limited||
||||8 Finsbury
Circus|||||
||||London|||||
||||EC2M 7AZ|||||
||||Whitley Asset Management||Limited|||
||||116Princedale
Road|||||
||||London|||||
||||W11 4NH|||||
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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|
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||||||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|
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||||||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|
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|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|
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|7|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||
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|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|
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|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||
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|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|
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|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|
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|||||2021|2020|
|---|---|---|---|---|---|
||||||E|
|Brought forward||||159,412|68,637|
|Mind Song|||||5,000|
|Mulberry
Bush School||||5,000||
|National
Star||||3,000||
|Nelson Trust|||||5,000|
|North Cotswold
Community|||Awareness||4,000|
|Paternoster
School|||||2,600|
|Quenington
Sculpture||Trust|||2,000|
|RDA Cotswold|||||2,000|
|Read Easy UK||||24,000||
|Read for Good||||3,000||
|Smallpeice
Trust||||6,600||
|Sunflower
Suicide|Support||||3,000|
|The Barn Theatre|||||15,000|
|The Door|||||2,500|
|The Friendship
Cafe|||||5,000|
|The Gloucestershire||Society||2,500|2,500|
|The Guiting
Music|Festival|||2,500|2,500|
|The Moreton
Show|Society||||10,000|
|The Wheels Project|||||5,000|
|Toddington
Village|Hall||||2,000|
|Tudor House Charity|||||5,000|
|Wootton Drama School||||3,000||
|YG Limited||||30,000||
|||||239,012|141,737|