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|19|January|1980|The sum of £50,000|
|---|---|---|---|
||||(including the £1,000 referred to above) gifted by G R F|
||||Tompkins|
|19|January|1981|389 Ordinary shares of £1 each in GRFT Holdings Limited|
||||(comprising 48.625% of the equity of that company) gifted|
||||by Mrs E N Tompkins|
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Audit procedures performed by the engagement team included:
- discussions with management, including considerations of known or suspected instances of non-compliance with laws and regulations and fraud;
- gaining an understanding of management's controls designed to prevent and detect irregularities; and
- identifying and testing journal entries.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities is available on the Financial Reporting Council's website at: https://www.frc.org.uk/Our-Work/AudiUAudit-andassurance/Standards-and guidance/Standards-and-guidance-for-auditors/Auditors-responsibilities-for audiUDescription-of-auditors-responsibilities-foraudit.aspx. This description forms part of our auditor's report.
## **Use of our report**
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Mercer & Hole, Statutory Auditor Date: 25 January 2022
& _Mercer Hole is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006._
Steve Robinson Senior Statutory Auditor For and on behalf of Mercer and Hole Chartered Accountants and Registered Auditors St Albans AL 1 1NS
7
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|||2021|2021|2021|2020|
|---|---|---|---|---|---|
||Note|Unrestricted|Unrestricted|Total|Total|
|||Income|Capital|Funds|Funds|
|||Funds£|Funds£|£|£|
|Income and Endowments||||||
|Investment income|2|248,168||248,168
_!|340,090|
|Total income||248,168||248,168|340,090|
|Expenditure||||||
|Cost of raising funds:
Investment managers fees||143,368||143,368|143,706|
|Charitable activities|5,6|346,450||346,450|302,869|
|Total expenditure||489,818||489,818|446,575|
|Net income/(expenditure)||||||
|before gains and losses on
investments||(241,650) - (241,650)|||(106,485)|
|Other recognised gains and||||||
|losses||||||
|Net gains/(losses) on
investments|8||2,380,133|2,380,133|(1,525,273)|
|Net income/ (expenditure)||||||
|after gains and tosses on
investments||(241,650)|2,380,133|2,138,483|(1,631,758)|
|Transfer between funds||241,650|(241,650)|||
|Net movement in funds|||2,138,483|2,138,483|(1,631,758)|
|Total funds brought forward||91,910|11,529,710|11,621,620|13,253,378|
|Total funds carried forward||91,910|13,668,193|13,760,103|11,621,620|
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||||2021||2020|
|---|---|---|---|---|---|
|||£|£|£|£|
|FIXED ASSETS||||||
|Investments 8|||13,767,575||11,627,764|
|CURRENT ASSETS||||||
|Cash at bank and in hand||35,498||31,949||
|||35,498||31,949||
|LIABILITIES||||||
|Creditors falling due within one||||||
|year 9||42,970
)||38,093||
|Net current assets|||(7,472)||(6,144)|
|TOTAL ASSETS||||||
|LESS CURRENT LIABILITIES|||13,760,103||11,621,620|
|NET ASSETS|||13,760,103||11,621,620|
|Represented by:||||||
|CAPITAL FUND||||||
|Unrestricted|10/11||13,668,193||11,529,710|
|INCOME FUND||||||
|Unrestricted|10/11||91,910||91,910|
|Total Charity Funds|10/11||13,760,103||11,621,620|
|Approved by the Trustees|on ('S. i. fU\^|||||
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||2021£|2020
£|
|---|---|---|
|Listed equities
Income from fixed interest securities|177,429
70,739|279,870
57,043|
|Interest received on short term deposits||3,177|
|Other income|||
||248,168|340,090|
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|ll distributions were made to institutions as follows:||
|---|---|
|2021£|2020
£|
|Arthroplasty for Arthritis 25,000
Childhood First 25,000|25,000
25,000|
|City of London School 75,000|25,000|
|Coronary Flow Trust 25,000||
|Douglas Macmillan Hospice 5,000|5,000|
|Families United Network|5,000|
|Guide Dogs for the Blind 20,000
Maggie's 10,000|10,000|
|Pancreatic Cancer UK 10,000||
|Royal Marsden Cancer Charity|25,000|
|St Johns Hospice 25,000|25,000|
|St Mary's Coronary Flow Trust|25,000|
|The Foundation of Nursing Studies 20,000|25,000|
|The Leonard Cheshire Foundation 25,000|25,000|
|The National Rheumatoid Arthritis Society|1,000|
|The Passage 25,000|25,000|
|The Police Foundation 25,000|25,000|
|Willow Foundation 25,000|25,000|
|340,000|296,000|
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||2021£|2020
£|
|---|---|---|
|Bank charges and interest|30|29|
|Audit|6,420|6,840|
||6,450|6,869|
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||UK Listed
Cash||
|---|---|---|
||Investments
deposits|Total|
||£
£|£|
|Market value 6 April 2020|10,793,117 834,647'
y|11,627,764 ^|
|Additions|825,804 1,786,367|2,612,171^|
|Disposal proceeds
Revaluation to market value|(1,527,951) , (1,324,542)
2,380,133^|(2,852,493)^
2,380,133^|
|Market value at 5 April 2021|12,471,103 ^ 1,296,472 ^|13,767,575^|
|Historical cost at 5 April 2021|10,724,355 ' 1,296,472^|12,020,827^|
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|ITORS - Falling due within one year|||
|---|---|---|
||2021£|2020
£|
|Accruals|42,970
1|38,093|
||42,970|38,093|
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||||||Gains/||
|---|---|---|---|---|---|---|
||||||(losses) on|Transfer|
|||At 6 April|Income|Expenditure|investments|Between At 5 April|
|||2020||||funds 2021|
|||£|£|£|£|£ £|
|Income||91,910|248,168|(489,818)||241,650 91,910|
|Capital|11,529,710||||2,380,133|(241,650) 13,668,193|
|Total funds||11,621,620|248,168|(489,818)|2,380,133|13,760,103|
##
||Unrestricted|Unrestricted||
|---|---|---|---|
||Income fund Capital fund
£ £||Total£|
|Investments|99,382|13,668,193|13,767,575|
|Short term deposits|35,498||35,498|
|Creditors|(42,970)||^42^970)|
||91,910|13,668,193|13,760,103|
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