| SARNIA CHARITABLE TRUST | SARNIA CHARITABLE TRUST | SARNIA CHARITABLE TRUST | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Report and Financial Statements for the year ended 5 |
April | 2021 | |||||||
| Contents | |||||||||
| Legal | and administrative information |
||||||||
| 2-4 | Annual | Report of the Trustees | |||||||
| Independent examiners' report |
|||||||||
| Statement of Financial Activities |
|||||||||
| Balance Sheet | |||||||||
| 8-11 | Notes | forming part ofthe F1nancial Statements | |||||||
| Constitution | Sarnia Charitable Trust was established |
under | Deed | of Trust | dated | 25 July | |||
| 1979,followed by a supplemental Deed dated 23 |
September | 1980. | |||||||
| The registered number of the Charity 1s281417. |
|||||||||
| Trustees | DrTimothy Nigel Dexter Peet |
||||||||
| Mrs Christina Vanessa Elizabeth Benfield |
|||||||||
| Mrs Josephine Apsion |
|||||||||
| Miss Catherine Peet | |||||||||
| Mr Robert Benfield | |||||||||
| Trust Administrator | 800 LLP, Two Snowhill, Birmingham, 84 6GA |
||||||||
| and this is aiso the registered address of the Trust |
|||||||||
| Independent | Examiners | Mr RMacLaren of Michael Dufty Partnership |
Limited | ||||||
| The Counting House, 61 Charlotte Street, St Paul's |
Square, Birmingham, | P3 1PX | |||||||
| Bankers | Barclays Bank PLC, Edgbaston Branch, 38 Hagley Road, |
Birmingham, | 816BNY | ||||||
| Investment | Advisors | Smith 8 Williamson investment Management, |
3rd | Floor, | 9 | Colmore | Row, | ||
| Birmingham, 8328J |
|||||||||
| Solicitors | Shakespeare Nlartineau LLP, No 1 Colmore |
Square, | Birmingham, | 84 6AA |
| Unrestricted | fund | Unrestricted | fund | |||||
|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||||
| Note | E | E | E | E | ||||
| INCOME AND ENDOWNMENTS | FROM: | |||||||
| Investments | 29,337 | 38,227 | ||||||
| Donations and legacies |
||||||||
| TOTAL INCOME | 29,337 | 38,227 | ||||||
| EXPENDITURE ON: | ||||||||
| Charitable activities |
||||||||
| Grant making | 3 | 11,000 | 21,400 | |||||
| Grant related support costs | 4 | 1,450 | 1,358 | |||||
| Cost of grant making | 12,450 | 22,758 | ||||||
| Other | 7,675 | 7,189 | ||||||
| TOTAL EXPENDITURE | 20,125 | 29,947 | ||||||
| NET INCOME/(EXPENDITURE) | 9,212 | 8,280 | ||||||
| GAINS/(LOSSES) ON INVESTMENT ASSETS |
||||||||
| Unrealised (losses)/gains on investments |
5 | 295,033 | (206,104) | |||||
| Realised (losses)/gains | on investment | assets | 5 | (3,362) | (12,356) | |||
| NET MOVEMENT IN FUNDS |
300,883 | (210,180) | ||||||
| Total funds brought forward |
1,049,786 | 1,259,966 | ||||||
| TOTAL FUNDS CARRIED | FORWARD | 1,350,669 | 1,049,786 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Note | E | ||||||
| FIXEDASSETS | |||||||
| investments | 1,277,501 | 987,080 | |||||
| CURRENT ASSETS | |||||||
| Debtors | 6 | 9,207 | 3,731 | ||||
| Cash at bank and in | hand | 65,443 | 60,643 | ||||
| 74,650 | 64,374 | ||||||
| LIABILITIES | |||||||
| Creditors - amounts |
falling due within | ||||||
| one year | 7 | 1,482 | 1,668 | ||||
| NET CURRENT ASSETS | 73,168 | 62,706 | |||||
| NET ASSETS | 1,350,669 | 1,049,786 | |||||
| THE FUNDS OF THE | CHARITY | ||||||
| Unrestricted funds |
1,350,669 | 1,049,786 |
| INVESTM | E | NT INCOME | ||
|---|---|---|---|---|
| 2021 | 2020 | |||
| E | 8 | |||
| Dividends | 29,319 | 38,202 | ||
| Interest | - | gross | 18 | 25 |
| 29,337 | 38,227 |
| Kent Wildlife Trust | 1,000 | ||
|---|---|---|---|
| Norfolk and Norwich | Naturalists | Society | 3,000 |
| Norfolk Wildlife Trust | 3,000 | ||
| Ted Ellis Trust | 2,000 | ||
| The Wildlife Trust | 2,000 | ||
| 11,000 |
| Basis of | |||||||
|---|---|---|---|---|---|---|---|
| apportion- | Charitable | Total | Total | ||||
| ment | activity | Governance | 2021 | 2020 | |||
| E | E | E | 6 | ||||
| Independent | Examiner's fee | 0/1 | 420 | 420 | 396 | ||
| Other expenses | 1/5 | 1,450 | 7,255 | 8,705 | 8,151 | ||
| 1,450 | 7,675 | 9,125 | 8,547 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| E | E | |||
| Quoted investments | ||||
| Market value | 6 April 2020 | 952,953 | 1,142,976 | |
| Additions | 176,073 | 143,064 | ||
| Disposals | (187,118) | (114,627) | ||
| Net realised investment |
(losses)/gains | (3,362) | (12,356) | |
| Net unrealised | investment | (losses)/gains | 295,033 | (206,104) |
| Market value | 5 April 2021 | 1,233,579 | 952,953 | |
| Uninvested cash capital |
43,922 | 34,127 | ||
| 1,277,501 | 987,080 | |||
| Historicai Cost at 5 April |
2021 | 992,939 | 1,007,346 |
| There a | re 6 | 2 investments constituting the Fund (exduding |
the uninvested cash capital): |
|
|---|---|---|---|---|
| Market | ||||
| value | ||||
| Fixed interest and stock - 19holding | 384,216 | 30.1 | ||
| Equities | (all | based in the UK) - 30 holding | 594,219 | 46.5 |
| Equities | (overseas) - 13holding | 255,144 | 20.0 | |
| Uninvested | cash capital | 43,922 | 3.4 | |
| 1,277,501 |
| 6. | DEBTORS | 2021 | 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| E | E | ||||||||||
| Dividends | 9,207 | 3,731 | |||||||||
| 9,207 | 3,731 | ||||||||||
| 7. | CREDITORS | 2021 | 2020 | ||||||||
| E | E | ||||||||||
| Independent | Examiner's fee | 420 | 396 | ||||||||
| Accountancy | Fees | 1,062 | 1,272 | ||||||||
| 1,482 | 1,668 | ||||||||||
| 8. | STATEMENT | OF MOYEMENTS | ON UNRESTRICTED FUNDS | ||||||||
| Balance | Expenditure | Balance | |||||||||
| 5 April | gains | Et | 5 Apni | ||||||||
| 2020 | Income | losses | Transfers | 2021 | |||||||
| E | E | E | E | E | |||||||
| Investment | Fund | 987,080 | 290~421 | 1~277'501 | |||||||
| General Fund |
62,706 | 29,337 | 271,546 | (290,421) | 73,168 | ||||||
| Total unrestricted | funds | 1,049,786 | 29,337 | 271,546 | 1,350,669 |