Chartty R8glstratl¢>n No. 279747
THE HOLLANDS-WARREN FUND
TRUSTEES. REPORT AND UNAUDrrED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2021
Prepared by.. Brachers LLP
SoThrfi8ld Houso
59 LondLM Road
Maidstonè
Kgnt
ME16 &JH
57th0LCQ42.4

THE HOLLANDS-WARREN FUND
LEGAL AND ADMINISTRATIVE INFORMATION
Trust￿$
K Harrington
AS Palnw
DWHBdl
Charlty numb•r
279747
PrfncSpal addr•*i
sorr￿the1d H￿j5e
59 Lc￿dOn Road
Maidstone
Kent
ME16 eJH
Soll¢lto
Brac￿r& LLP
59 London Road
Maidslon¥
Kent
ME18 8JH
Inv•8tm•nt advlmrn
R8thbw Invg$tm8nt Mwwent Ltd
8 Flnsbury Clrujg
London
EC2M TAZ
Indep•nd•nt •x4mlMr
Mlcmle Wilkes FCA
lets Audit S9￿CO$
Glo￿ Hous
Edipw Pa
&tb'ngbourro Road
Maid5tono
Kent
ME14 3EN

THE HOLLANDS.WARREN FUND
CONTENTS
Pag•
Trustee8' report
IndaF*ndent 8xamlne¢8 report
Statement of flnandal ¥lvltl8S
881anca sh881
Notes to the accounts
7-11

THE HOLLANDS-WARREN FUND
TRUSTEES. REPORT
FOR THE YEAR ENDED 28 FEBRUARY 2021
The Trustees present their report and the unawlited financial st8tsments of Ihts tharity for the year ended 28
February 2021. Thg tru$t80s havo wJopte(l the [￿¥1&￿s of the Slalement of Recommended Proctlce
ISORP)"Aeeounting and R8porDng by Charld8s" (FRS 102) kn proparlng the amual rewt and ftrmn￿aI
statements ofthe ¢h8nty.
The finandal stat8m&nts hav8 bwn pr¥par•d In x¢ord$n¢8 with the accountirKJ psicyes s8t out in the ￿0t9S
to Ihe accounts and e(Thply with the chariV5 governing dowment, the chari￿e$ Act 2011 and Aceounting
ond ReFQrting by Charities.. Slatement of Recommended Practic£ applicat￿& to charits8s pmparing their
accounts in 8CCOTdance the Finoncial Repo¥b"nll Standard appIra￿e in Ih? UK and Republic of Ireland
publis￿￿ in Octobor 2019.
ob￿￿* and a¢tMtl•• forth• publlc b•n•fft
Thg object ¢1 tho ¢hanty is to ass￿1 wth fundir#J the pn)viston of temF¢xary medical aTrJ nurslng servko$ 11
th& home andlor OJmestic help. Folkr•rtng Consullat￿ wlh thè Charlty CoMmi￿A)n the ¢hariV$ 4cJvity
boundary h89 baen extended frc¥n lh8 Borough of Makjstom to Kent. Th8 Trust88s continue to 8tt8dTr
imp)rtance to ensuring that Iha s•rvk•s fuThJed by Ihg chority benefit the twple of Makl8ton8 08 a prbrty.
The TfUSte&s eonfinn that they h8ve referred to Its guidance ccmtained in the Charity Commission's gèn8ral
guldane¢ on putyllc benellt v11￿ reviovhng Ihe trusfs and Ob￿￿¥68 and in p￿nn1r￿d ol fLrtur¢
donatio￿ ar￿ grants.
Th6 Trusl••s accapt appllcati¢)ns from h)thwduab ¢Jry8ni¥atkmJ. Exh aWlcdon18 o)nsldernd In
relèllon to Ihè L*leetiv8s of the tn￿L
A¢h•lvth•nl• and ￿rton￿1nc•
Durfng the year ended 28 FelYu8ry 2021. Tru8tw apFwv•d ¥Y•nts of£106.((Q to inibtulioM.
As sat out in Not• 210 th• a¢countg. the charlty cononued to prowde grant fundlng lor nurslng C8f¥ to Th8
Hèart of K¢nt Ho$pl¢e, 8nd Rap￿ ReS￿nSe Ifomiarty T*lighl Nursing S•TrlLXS) 8n In￿￿ts¥• of Thè Kent
Comrnunity Health NHS Trust.
In additlon th18 ￿r, the Iru8t8•8 Apwo¥od addlb)701 grant8 to Tho Hthf of Kent Hcopi¢e and Th•
Blackt1￿ Trust IpmourfrrfJ lo £60.OC(i ar￿ £30.CO) Tespectivelyl io help fuThJ those charitles thJrtrvJ lh8
CovKb pand?mi
Al the year end, £23.766 remained payable lo Rap￿ ReswJn8e over Iha Ihr¢8 ye8(s to 28 Foiw 2YJ23 in
relatlon to a grent commltrn•nt of £13S.749 ma(le 2019 fiftanu￿ year.
R•vl•w of Ilnan¢lal po•ttlon actl¥lll••
Tho r8sults for the yoar sot Pap S.
Total Income for the year amountod to £82.1561203): £89.650118prwnting o gros$ r*tum of 2.36% M thg
dosirvJ value ofthe inve8lmen(8. Grants mad• in tm yw amunted k* È106.IJ)0 (2020: £18.WI
fepressn￿'ng 128.944A12020: 21.17%) of irKomo.
After occnuntlng for other costs. which 8mounted to £12,670 for the yEar12020.. £12,777} aTrJ porffolkj
m8n8gement 1898 01 £13.671 {2020: £14.3801. the fund had a nel bss of £50,185 before investment
porLldio gains and105588. Sh]nfficant Tealis&a gains and unrealised galns ￿ Ih6 Investment portrdio wo
also re￿gnISed during the year1£13,801 an#J £314,086 reS￿lNery1 rgfigcting mafk9t ¢ty*iti"ons. As a
result. Ihe vnrestrict8d funds i￿r￿aSed by £27T.502 in tho ￿ to 28 F8bruary 2021.
The value Lrfthtr eh¥riVs inv•8trwt portfdio. irKludir¥J cash hdd for reinvesknont of £46,11512020 .
È28.20518mountsd lo £3.525267 as at 28 Febnwy 2W21 (2020: £3297,265).

THE HOLLANDs￿ARREN FUND
TRUSTEES, REPORT IcoimNUED)
FOR THE YEAR ENDED 28 FE8RUARY 2021
RMer4e4 Ilncludlng R•s•r4ty8 Pollcyl
Al 28 February 2021, the charitys unreslricted re59TV95 arnount￿ to £3,532,64912020 '. £3,255,147>. Th8
unrestricted lund repres*nts th¢ arnount availaWe f¢y general chantable wrposes at the disuetion of Ihe
Iwsteès. The trustses. inlenticffj is lo keep reserves at leveLs sufficient to C£￿￿nUe to wovhle Ineome whbch
ill &nakAe them to provhle dc￿atKInS to opproved aFWlcatb)ns, hawng regaril to unforeseen v¢J8ti1ity
Inveslment rnath8t valuas. They bell&v• th& ffj$wv¢$ 0128 February 2021 was 88ti8faclory.
The truste￿. intenlK)n is to k88p a balance of irKome sufficient to pmv*J• •rtouuh (urbds at al times lo
6n8ble Ihem to continue th their currenl ￿tended c¢)mmltments. Ca￿$￿1¢￿.ng rthntial ts11s in In¢c￿ne
and interest rotes. The trustees aL80 requlr¢ fvnds to make ore off dL8lribubons for uryJent cases. Ai 28
F•bruory 2021 thè chorfty h8d fT•e rese￿9 amounting lo £53.497 {2020.' net liability 01 £13,913). The nèt
Ilablltty Eyjsition 18sl year arose as a re6uII o16ignificanl granl commilments mad• In th• ￿ar not• 21.
Whi181 Ihe non4nvestment cash rnsaryes at the year er￿ were Insuffldènt to current liabiliti8$, tho
trustees ore able to call on tho CAsh r￿r￿•S held wthln tho irwestrntrnt portfolio (note 51 to support the
grant maklng acts"vlJ•8.
De¥lgnated fvnds at 28 February 2021 tclal £3,749,152 (2020: £3,2fj9.CWI- ••• rth 9 lty 0*t￿ls.
The TfU$te•s th•r•for• ¥ntKi￿19 t￿1 the ovwall knvel ol reserves at 28 Febnjwy 2021 w88 89118fgcW, 98
wèll as suffi¢ignt to fund Ihg planned c(xhfjnu•Y ffln8n¢lal suppori ol Th• Hgart of Kont Ho$pK•, 81ockthom
Trus18nd Rapid Response in the yoar endad 28 F•tft￿ry 2022, assuming thn4tiL￿s continuè al similar
levels lo Ih050 Paid in tho year ended 28 February 2021. Tho TnMtoe¥ thill also ¢onJnu• to con3kler 0￿r
lundlng reque6t8 •8 r8c•lv•J du￿n9 n•xt ts¥•1￿ mcth.
vmtmnt pollcy
Tho Iru$to•$ ha￿ of invoslmwrt ￿ accOrdar￿• *ith the g￿rn￿J Inslnjment (th• tharltsblo
tru$¢ doedl and the provisions ofthe Chhribes Acl. In C1)n￿nC￿0n th• charlvs 1nv•8tm￿l advisors. tr
volue of the caplt& ofthe fund vkn•re F*)SSitA8. thus producing a ￿￿1$￿¢ in¢om¢ the capital whi¢h can
th8n be d181rfbuted. Wher• appiopri810. th• trustw m•y dis1ri￿a ¢athl in fvrllwance of Ihe objects of the
charlty.
The Trusle88 have r•v18w•d tho m4or tsks to 7Athith t￿ th¥ity is •4)08ed syst•m8 hav• b￿n
•stsb119h8fl to mrfgaté Ih&se ri5k5. The funds investgJ and those held on depos￿ arn Su￿8¢1 to th&
compli8nc• procedum of tx)th tho chwW8 inveslment a(fvisorn and ￿harn LLP.
The Trustees havo cOn￿dered the Imp8d ol the Covkl P8ndamlc cffi Iha charivs fvnd$ 8nd op&rat￿n$.
They belleve they have tsk8n gdwu810 steps to mtyt• tho •Xtonl ol •ny advgrse impact a￿1 havo no
rea80n to beli8v8 Ihal commilt•d grant luThling oblryation5 al 28 FebNary 2021 will rK)t be fvtfilled.
Golng ¢¢)nc•rn
Th8 Trustees have no rts8son to bolth that the tharity¥￿Il be unabb to conllnue operattThJ as a golng
eoncem (able lo pay r( debts and grant cimnmrfrnenls as they fall d￿) fora of at1•gst 12 months from
tho dot* of¥H)r)wrvJ tho80 8¢X0￿13.
Page 2

THE HOLLANDS-WARREN FUND
TRUSTEES. REPORT {coKllNUED)
FOR THE YEAR ENDED 28 FE8RUARY 2021
Structurn. g*womanu and mana9•m•nl
The f*aiity was defined by a dood ol trust dated 18 Juno 1977, wrsuant to ￿11 of Ggorg8 Holland$. w
ijied on 27 Oclobw 1938 and ari￿ng on lh• d8ath of the I￿n&rIrfe tenant Miss Alice Bwtha Holland$. It
wos re9lstered As a charNy ts12 A￿11 1980 havlrrfj a5 its govemiThJ document a de￿ara￿'on ol trust dated 19
Octci)8r 1979. Ns wi3t8Ted number 13 279747.
Th¥ 9¥18Yng TnJ3lees who served durfThJ the ￿r were K Harrington, A S Palmer and D W H Bell. Tfr
Trustee8 compriso prof8ssionals wth aFfYLyriato skills to W0pa￿ manayo Ihtr Iru$l and applytho
assets in accordance with the trLLSt deed. given their kn￿￿9$ rrfthe I￿81 area.
Any charo8$ In trustges aro subJg¢1 to f¢Ymal apFrfvval by all Irusteo5 n offi￿.
Approvod by th• tru$ta•8 and $19n8d on thdr boh•
K Hatrlngton
Truslee
10- 11 21
Page 3

## **THE HOLLANDS-WARREN FUND** 

## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE HOLLANDS-WARREN FUND** 

I report to the trustees on my examination of the accounts of the Hollands-Warren Fund for the year ended 28 February 2021, which are set out on pages 5 to 11. 

## **Responsibilities and basis of report** 

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the 'Act'). 

I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. 

## **Independent examiner's statement** 

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 

2. the accounts do not accord with those records; or 

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination. 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 

........................................... 

Michelle Wilkes FCA Azets Audit Services Globe House Eclipse Park Sittingbourne Road Maidstone Kent ME14 3EN 

Dated: 18 November 2021 

Page 4 



THE HOLLANDS-WARREN FUND
STATEMENT OF FINANCIAL ACTMTIES
FOR THE YEAR ENDED 28 FEBRUAR Y 2021
Unr•strfct•d
Fuhds
Unr•strfct
Fund*
Y•ar •nd•d
28 F•bru
2021
Ymr ?nd•d
29 F•bruary
2020
INCOME FROhl".
Investments
D8wt K¢ount and interest
82.150
89.310
TOTAL IMCOME
82.156
89.69)
EXpEND￿VRE OM:
Costs of ralsln¥ fund•
Investrnent managevs fees
13,671
14,380
Charltabl• •ctl¥ltl•s
Grants payable
1C6.IXJO
18.980
oth•r ¢o#ts
12.870
12.7n
TOTAL EXPENDITURE
132.341
46.137
NET ILOSSyIMCOME FOR THE YEAR
19),1851
43.513
OTHER RECOGNISED GAINS
Ngt galn on Invèstm￿¢¥
32T.687
83,832
NET MOVEMENT IN FUN08
27T,502
127.345
TOT￿ FUN08 BROUGHT FORWARD
3255.147
3,127.802
TOTAL FUNDS CARRIED FORWARD
3.532.649
3,255.147
P485

THE HOLLANDS.WARREN FUND
BALANCE SHEET
AS A T 28 FEBRUAR Y 2021
28 F•bN•ry
29 Febru
2020
Mot•
FIXEO ASSETS
Investments
3.S25.267
3.297.265
CURRENT WETS
Dgbtors
Cash at bank and kn hand
176
35.298
114
35.474
26,378
CREDITORS: AMOUNTS
FALLING OUE WITHIN ONE
124.3281
146.397}
NEf CURRENT AS8ETSIILIABILmES)
11,148
(20.0191
TOTAL ASSETS LESS CURRENT UABiullES
3.536.415
3277.240
CREDITORS: AMOUNT FALLING
DUE fvSTER MORE THAN ONE
(3.7661
(22,0991
NET ￿SET8
3.532,649
3.255.147
REPRESENTEO 8Y
restricted funds
D8s&nat8d funds
Genoral lurKIs
3.479,152
53.497
3.269.OfJ)
113.9131
TO￿ Unre$￿ettd fund$
3.532.649
3.255.147
Approved by the Trust985 ￿ l o- I i- Ll
K H•rrlngio
Trustee
Page 6

THE HOLLANDS.WARREN FUND
NOTES TO THE ACCOUNTS
FOR THE YEAR EhlDED 28 FE8RUARY 2021
1 A￿0￿￿lIng pollckn
1.1 8asls of prepvatlon
Hollands-WarTen Fund is a charlty registered vrilh the Ch￿lty C¢)mrTh#8k)n In the UnSled Kingdthn
IN. 2797471. The address ol the registered office is Somerfidd HcAJs•, 59 London Road. Maidslone.
Kent. ME16 8JH.
Tha 1Snanclal statements have been prepoTed w) aCC(￿￿Once with Accounling and Reporting by
Chartlies.. Statement ol RecoTh¥n8nded Practice ISORPI applicable to charities PfepariThJ their accounis
In a¢¢ordance wlti ttte Financi81 ReFK)rting SlaTrdaTd aWic8bl8 in Ihe UK and Republic of Ireland
IFRS1021 issued in October 2019. the Financial Rewling Stsnderd awicabie in thg United Kirvddom
and Republ￿ of Ireland IFRS1021. the Charitk8S Aet 2011 arid UK Genwalty Accepted Practlce. The
tharity con8titutes a public benefit entity as defir)8d by ts SORP.
charity has opted not to prepare a eash flow $1atw￿t fty thg firwthl perfod. 98 pomiltted by the
2019 Statement of R￿n￿nded Praclice.
Th8 flnanclol ststgm9fts hevg been prepared lo glv8 8 true ar#J f8lr vl8V oThJ d8part8d from th8
Charilies (Accounis and R8portsl Rogulation$ 2008 only to th& oxt$nt rOqUlfod to provlde 8 INO and falr
ew.. This departUf8 has involved lollowiThJ the Accojnling and Re￿ting by Chgrhl•s.' Stat•mant of
Recomff*ntsd Practl¢e applicable to charilieB preparing th8ir acc4Jun18 in accudance the
Flnan¢l81 Repodng Sl8ndard appllcabkn In UK WKJ Ropublic of ITel￿d IFRS 1021 bssu8d In Octo￿r
2019.
rh8 flnanclal sta18m8ntS aro pr•p8r8d on 8 golrvj concam basis undw th• hi$lorlc81 cost eonv•ntion,
nx)dMed to irKlude certaln hems al fdr value. The ￿nancIal statomonts ara pros8nt8d In slgrtlng whith
1$ th¢ functional currerKy of the and roundfrd to the n8are5t £.
wgnlficènt a¢¢Oun￿ polici￿ appl0￿￿ in thg preparntion of th888 finandal statements aro Sot out
below. Thase policlas ha￿ b¥on ¢￿51$￿n￿Y #P￿1&0 to all years Pres￿led unl855 othe￿188 stated.
1.2 In¢om• r•¢ognlllo
Donath)ns.1￿3¢I•s and othw fomw ol volLml¥ry inc¢Th aro rerognised as Incu￿ vthen recelvabl8,
except In$ofar a$ thoy aro knupat40 of fin9n¢ial m6osurnm•nL
Income from irwestrnents bs recogni8ed on an accruals basls.
1.3 Expendltur• rKogn5tlon
All axpendlturg 1$ ac¢ourrtwJ for ￿ an a¢¢rual$ basis and has been da$•f*d under hèadiws that
aggregate all cosls relatod to the ¢atg90ry.
Grydnt exFenditsJre is recowised when awarfed to the TecipRnt. The expense i8 included on an accruals
basis Sn th6 y￿r in whith ¥ 1¢981 w con¥tructive c4)lig8ti￿ to P8y the gT8rrt arise8.
Costs of ral￿Thj are thcw inveslnwnt manwent fees fcff in¢>)m& 9eneratknn ond capltal
inlenan¢e.
Charita￿0 octiwtlas •xp8ndltLWe assoclaw ¥Mth Ihe maKirvJ of grnnts and donation$ and
indude t#Jth the d1￿ct Costs indirect Costs rdating to aellvlues. on 8n accruals b8sls.
Page 7

THE HOLLANDS.WARREN FUND
NOTES TO THE ACCOUNTS (CONTINUED
FOR ThIE YEAR ENDED 28 FEBRUAR Y2021
1.3 Expenditur• rncognltion Icontlnuedl
Irr8coveratrAg VAT 5$ charged agalnst Ih& catetyxy of feswrce ex￿nded forwhlch tt was Incurrod.
1.4 Irwestments
Investments are recogrmsed al lar vaue wh** is ncrfmaly the trar￿￿on prica oxcludlng tsar￿aCtiOn
osls. Subsequenuy they ore rneasured at fair value WTth change5 recc¢Jnised in'nel gainsllosses on
Inve51ments' in the Slalemenl ol Flnanclal Act6¥￿8$ (SOFA) W 8hare8 are publlcdly traded or thelrlalr
value can otheA¥Ssè be measur8A4 reliably.
Realised galns and losses arlsing on disposds are r•c(¥niwJ in the SOFA when th8 proceeds are
re¢elvablo.
1.$ Fund accountlng
The tunds hdd by ¢hartty are ￿r•strktad f￿JS whth ¢an ￿ usfjd in awdance with tl
chantable obl￿11¥09 al the dlscreuon ol the twstees.
Designated funds comprise funds t•thSch have been Set aslde at the dl8uollon of the Iru8toa for speclfi¢
purpose5. The pul￿eS and uses of Ihe de5ignatod bjnds are set out in tha notes to the financial
tsta1￿*nts.
1.6 C••h and uih •qul¥ol•nt•
Ca3h 18 r•pre8tsnled by cash in hand and deF*)3its with financwl inSti￿tiOnS wayabl8 withoui
penalty C￿ notice of not more than 24 hours.
1.7 O•btors and Cr•d￿OIS r•c•lvabl•lpayabl• wtthin on• y•ar
0gblor8 and ¢rodn￿ wlth no stale(1 inte￿1 rale and receIVab￿ N p8yabla ￿thIn Mo year 810
reLorded at trgnwtlon pr1￿. Any108S0$ 0rt$1Th2 frrmn ImpalrTrént ar8 rec¢4Jrls80 In expendltufe.
1.8 Golng Conc•rn
flnan¢lal stslements have been prep8ro11 on 4 wlng con¢¥m bssis as th• trusts•$ belleve thal no
material uncertainties exlst. Tho Iruste68 havg consldered the levgl of fund$ held and the expo¢tgd
levd of income and expenditure for 12 mnths from authorising theso financial st8t•m•nts. T
b¥liove that the estimated income and expendrtUTe is suffjclent wrfh the acc#Jmulated reserves for Ihe
charity lo b& ablo to cc￿11n￿ 08 o going ¢oncwn.
1.9 j￿19•M•n￿ and k•y of ••tlm•tlon unc•rtalnty
A￿￿ntIr0 0￿mat￿ and judgements are continually ev￿￿ated and are based on historical experiencè
and other factors. includlng exw¢tstlons of future ¢vents thg18re belleved lo be reasonable undor the
drcumstanrBs.
The trustees believe th8 impact of tha Covkl Pandamlc has not boan slgnillrAnt ￿ Iho Cha￿￿9
operations at the time ol approving these acccxjnts. No olher J￿saeM8nts or key assumptsons were
madg in the pr￿ratiOn of Ihese accounts.
Page 8

THE HOLLANDS-WARREN FUND
NOTES TO THE ACCOUNTS {CONTINUEDI
FOR THE YEAR ENDED 28 FEBRUAR Y 2021
EXp•nd￿r0
21121
2020
Co4t* of r4l*lng fund#
Investsnent manwmenl costs
13.671
14,380
ChaTltsbl• actlvltl••
Grants to instiiutions:
T￿ Hgart d Kent Hospir
The Heart of Kent Hosplce- Cowd grant
Thg H8art ol Kont Hospkè. Now mattroS8
Blacklhom Trusl- cO￿d grant
16.CD)
16,000
2.980
1Cffj.C
18,980
Ottwr costs
Logal and &1Fnlnl$tratlM f688
Ir￿ependent exarninat￿n fees
Irrecoverable witholding tax
Fordgn •xthanp drft8rwi¢•
10.303
9,548
2.100
1.198
1691
976
{949)
12,670
12,777
T¢t•l
132.341
46.137
R•con¢lll•tlon ol grnnts Pl￿b
CommKments at 1 M8r¢h 2020
Grants paid during year
Comrnhm8nts m8d8 In yoar
62,099
1144.3331
106.0(KI
112,849
189,7301
18.980
ComrnKmonts at 28 February 2021
23,766
Commitments al 28 February 2021 are payable as tolknvs..
Wlthln ono year {rw)tg 71
20.0￿j
After m¢xe than one year (note 8)
3.786
22,099
23,766
62,lJ99
Page 9

THE HOLLANDS.WARREN FUND
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUAR Y 2021
TruJt•e$ and r¢]¥t￿ parties
Nonè ol tha T￿Jst￿ lor any wson$ conn8ctgd vAlh thgml any rsmun$r8tlJn or 8xpansos
roSmbursed during th8 yw {2020: r¥)n•l.
During the year Ihe trust was chargod £10.30312020 '. £9.5481 for day to day adminiStrat￿n aThJ
acC￿ntancY services by Brachers LLP, a firm of sc4icitors. One ofthe Trustees. K HarrirvJton. Is enyloyed
by Brachers LLP.
Employ•••
There wwe no ￿FlOY￿e6 during the ye8r12020.. rthx*l.
Flx•d ••••l Inv••lm•nts
2021
2020
Ll•t•d Inv•StM￿¢S
Market valu• at 1 Mar¢h 2020
A￿dit￿n3 al cost
Dlsposal proc••Js
Rgalis8d gains on disposaL8
Unreall8od g8ln8 on lev￿U8￿0n
3.269,060
223,970
(341.5651
3,101,72S
343,261
1259,7581
13,601
314,086
64,856
18,976
327.887
83.832
Mark•t valu• at 28 F•bruary 2021
3.479.152
3.269.060
Cash
46.115
28.205
3.525.267
3.297.285
Historical cosl of in¥estrnents
2.140.371
2.244,36S
There w¥8 one materi81 1nv8sby￿I thal wnpnsed rD)re trsan 5% of the total martet valu& of th&11$1gd
Investments r*)rtfollo 8128 February 2021. ¥knlch was Pc4ai C8W81 Techvjlw al 6.25% of the portfc410.
The px¥￿01lo was conyi8ed #8 folbws..
Equities
FiKod Int•rest
Unit Trust
Commodities
Cash
2,632,754
455.711
321.705
68,982
46.115
2,388,673
409,384
331.307
139,696
28.205
3,525,267
3,297,265
Pag8 10

THE HOLLANDS.WARREN FUND
NOTES TO THE ACCOUNTS {CONTINUED)
FOR THE YEAR ENDED 28 FEBRUAR Y 2021
6 D¢b¢¢iJ
2021
2020
Accrued interest
176
114
7 cr￿￿0￿. amounts falllng du• w6th1n on• y•ar
2021
2020
Oth•r cr&dltor$
Grants payat48 (Thjle 2)
4,326
6,397
40,000
Tot•1
24.326
46,397
8 Cr•dltor•: •nwnts falllng du• •ft•r mor• ¢)n• y￿r
2021
2020
Grants payablo (note 21
3.766
22.099
9 0••lgnat•d fvnd•
The in¢om¢ lund$ of the charity wKILKlg the fdIc￿ng des*￿￿18d lunds whlch have been sol a8id& out of
unr8sth.ctod lunds by th• trusiees Spo￿rIC purposos..
1 March
N•w D￿59n•t10n
2020 dulgnatlo
rnl•aMd
28 F•bru•ry
2021
Invaslmani fund
3.269.060
S51,657
{341.S851
3,479,152
1 March
N•w l)•81gn•tlon
2019 d•slgnatlons
r•l•ased
29 February
2020
Investment fvnd
3,101.725
427.093
{259.7581
3.269,060
Inveslnw fund . these funds are knvesbj to maxjmise total retum and ggnefale incTh.
Page 11