| Contents | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Page: | ||||||||||
| Legal and administrative information |
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| 2-4 | Annual | Report of the Trustees | ||||||||
| Independent examiners' report |
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| Statement of Financial Activities | ||||||||||
| Balance Sheet | ||||||||||
| 8-11 | Notes forming part ofthe Financial Statements |
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| Constitution | Sarnia Charitable Trust was |
established | under | Deed of | Trust | dated | 25 July 1979, | |||
| followed by a supplemental Deed dated 23 September 1980. |
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| The registered number of the Charity |
is 281417. | |||||||||
| Trustees | Dr Timothy Nigel Dexter Peet |
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| Mrs Christina Vanessa Elizabeth |
Benfield | |||||||||
| Mrs Josephine Apsion |
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| Miss Catherine Peet |
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| Mr Robert Benfieid | ||||||||||
| Trust Administrator | BDO LLP, Two Snowhill, Birmingham, |
84 6GA | ||||||||
| and this is also the registered | address | of the Trust | ||||||||
| Independent | Examiners | Mr R MacLaren ofMichaei 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, | B168NY | ||||||
| Investment | Advisors | Evelyn Partners, 14th Floor, 103Colmore |
Row, Birmingham, | 83 | 3AJ | |||||
| Solicitors | Shakespeare Martineau LLP, No 1 Colmore |
Square, | Birmingham, | 84 | 6AA |
| he largest grants we | re: | ||
|---|---|---|---|
| E | |||
| Rotary club of Guernsey | 6,000 | ||
| Norfolk and Norwich | Naturalists | Society | 5,000 |
| Guernsey Aid |
5,000 |
| Unrestricted | fund | Unrestricted | fund | ||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| Note | E | E | E | E | |||
| INCOME AND ENDOWNMENTS | FROM: | ||||||
| Investments | 36,318 | 29,337 | |||||
| EXPENDITURE ON: | |||||||
| Charitable activities |
|||||||
| Grant making | 3 | 26,500 | 11,000 | ||||
| Grant related support costs | 4 | 2,240 | 1,450 | ||||
| Cost of grant making | 28,740 | 12,450 | |||||
| Other | 11,677 | 7,675 | |||||
| TOTAL EXPENDITURE | 40,417 | 20,125 | |||||
| NET INCOME/(EXPENDITURE) | (4,099) | 9,212 | |||||
| GAINS/(LOSSES) ON INVESTMENT ASSETS | |||||||
| Unrealised (losses)/gains on investments |
5 | 64,470 | 295,033 | ||||
| Reahsed (losses)/gains on investment |
assets | 5 | 9,739 | (3,362) | |||
| NET MOVEMENT IN FUNDS |
70,110 | 300,883 | |||||
| Total funds brought forward |
1,350,669 | 1,049,786 | |||||
| TOTAL FUNDS CARRIED FORWARD | 1,420,779 | 1,350,669 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Note | E | ||||||
| FIXEDASSETS | |||||||
| Investments | 1,347,834 | 1,277,501 | |||||
| CURRENT ASSETS | |||||||
| Debtors | 6 | 1,922 | 9,207 | ||||
| Cash at bank | and in | hand | 73,094 | 65,443 | |||
| 75,016 | 74,650 | ||||||
| LIABILITIES | |||||||
| Creditors: amounts | falling due within one year 7 | 2,071 | 1,482 | ||||
| NET CURRENT ASSETS | 72,945 | 73,168 | |||||
| NET ASSETS | 1,420,779 | 1,350,669 | |||||
| THE FUNDS | OF THE | CHARITY | |||||
| Unrestricted | funds | 1,420,779 | 1,350,669 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| E | E | ||||
| Dividends | 36,311 | 29,319 | |||
| Interest - gross |
7 | 18 | |||
| 36,318 | 29,337 | ||||
| GRANTS | |||||
| 2022 | 2021 | ||||
| E | E | ||||
| Friends of KGV | 500 | ||||
| Great Western | Society | 2,000 | |||
| Guernsey Aid |
5,000 | ||||
| Kent Wildlife Trust | 1,000 | ||||
| Norfolk and Norwich | Naturalists | Society | 5,000 | 3,000 | |
| Norfolk Wildlife Trust | 3,000 | 3,000 | |||
| Rotary club of Guernsey | 6,000 | ||||
| Ted Ellis Trust | 2,000 | ||||
| The Suffolk Wildlife Trust | 3,000 | ||||
| The Wildlife Trust | 2,000 | 2,000 | |||
| 26,500 | 11,000 |
| Basis of | ||||||
|---|---|---|---|---|---|---|
| apportion- | Charitable | Total | Total | |||
| ment | activity | Governance | 2022 | 2021 | ||
| E | E | E | E | |||
| Independent | Examiner's fee | 0/1 | 474 | 474 | 420 | |
| Other expenses | 1/5 | 2,240 | 11,203 | 13,443 | 8,705 | |
| 2,240 | 11,677 | 13,917 | 9,125 |
| INVESTMENTS | |||||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| E | E | ||||||
| Quoted investments: | |||||||
| Market value 6 April 2021 | 1,233,579 | 952,953 | |||||
| Additions | 70,67'I | 176,073 | |||||
| Disposals | (84,726) | (187,118) | |||||
| Net realised investment | (losses)/gains | 9,739 | (3,362) | ||||
| Net unrealised investment |
(losses)/gains | 64,470 | 295,033 | ||||
| Market value 5 April 2022 | 1,293,733 | 1,233,579 | |||||
| Uninvested cash capital |
54,101 | 43,922 | |||||
| 1,347,834 | 1,277,501 | ||||||
| Historical Cost at 5 April | 2022 | 988,623 | 992,939 | ||||
| There were 10disposais during the year producing |
net realised gain of E9,739. | ||||||
| There are 59 investments | constituting | the Fund (excluding the uninvested | cash | capital): | |||
| Market | |||||||
| value | |||||||
| Fixed interest and stock - |
17holding | 402,257 | 29.9 | ||||
| Equities (aR based in the | UK) - 29 holding | 621,569 | 46.1 | ||||
| Equities (overseas) -13holding |
269,907 | 20.0 | |||||
| Uninvested cash capital |
54,101 | 4.0 | |||||
| 1,347,834 | 100 |
| 6. | DEBTORS | 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|---|---|
| E | E | ||||||||
| Dividends | 1,922 | 9,207 | |||||||
| 7. | CREDITORS | 2022 | 2021 | ||||||
| E | E | ||||||||
| Independent | Examiner's fee | 978 | 420 | ||||||
| Accountancy | Fees | 1,093 | 1,062 | ||||||
| 2,071 | 1,668 | ||||||||
| 8. | STATEMENT | OF MOVEMENTS | ON UNRESTRICTED | FUNDS | |||||
| Balance | Expenditure | Balance | |||||||
| 5 April | gains B | 5 April | |||||||
| 2021 | Income | losses | Transfers | 2022 | |||||
| E | E | E | E | E | |||||
| Investment | Fund | 1,277,501 | 70,333 | 1,347,834 | |||||
| General Fund |
73,168 | 36,318 | 33,792 | (70,333) | 72,945 | ||||
| Total unrestricted | funds | 1,350,669 | 36,318 | 33,792 | 1,420,779 |