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|Trustees||||I L Eddis, Chairman|I L Eddis, Chairman|I L Eddis, Chairman||
|---|---|---|---|---|---|---|---|
|||||Mrs SGeake||||
|||||G McGrath||||
|||||Lady Susannah||O'Brien||
|||||Dr A P Forsythe||Simpson||
|Charity number||||281686||||
|Principal address||||9 High Street||||
|||||Lambourn||||
|||||Hungerford||||
|||||Berkshire||||
|||||RG17 BXL||||
|Auditors||||Ross Brooke|Ltd|||
|||||Suite
I||||
|||||Windrush
Court||||
|||||Abingdon
Business Park||||
|||||Abingdon||||
|||||OX14 1SY||||
|Bankers||||Weatherbys|Bank|||
|||||Sanders
Road||||
|||||Wellingborough||||
|||||Northamptonshire||||
|||||NNB 4BX||||
|Solicitors||||Forsters
LLP||||
|||||31 Hill Street||||
|||||Mayfair||||
|||||London||||
|||||W1I SLS||||
|Investment|advisors|||Cazenove Capital Management|||Limited|
|||||12 Moorgate||||
|||||London||||
|||||EC2R 6DA||||
|Insurance|and|risk management|consultants|Marsh Commercial||||
|||||13"Floor||||
|||||Castlemead||||
|||||Lower Castle|Street|||
|||||Bristol||||
|||||851 3AG||||
|Administrator||and loss adjusters||SLS,a Crawford||Company||
|||||1"Floor||||
|||||8 Exchange Quay||||
|||||Manchester||||
|||||MS3'||||
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||||Page|
|---|---|---|---|
|Trustees' report||||
|Independent|auditor's|report|6-8|
|Statement of|financial|activities||
|Balance sheet|||10|
|Statement of|cash flows|||
|Notes to the|accounts||12-16|
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|||||Note|2021|2020|
|---|---|---|---|---|---|---|
||||||6|f|
|Income and|endowments|from:|||||
|Other|||||3,000|3,000|
|Investments|||||19,649|27,931|
|Charitable
activities|||||1 595.729|1623663|
|Total|||||1618378|1 654 594'|
|Expenditure|on:||||||
|Raising funds|—investment|management|fees||5,309|5,407|
||—third
party|costs|||76|157|
|Charitable
activities|||||1437.478|1 541 270|
|Total|||||1442863|1 546834|
|Net income before gains||and losses on|||175,515|107,760|
|investments|||||||
|Net gains/(losses)
on investments|||||116453|86717|
|Net income/(expenditure)|||||291,968|2'l,043|
|Reconciliation|offunds:||||||
|Funds brought|forward||||941 5|920515|
|Funds carried|forward||||12
52|941554|
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|||Note|2021|2021|- 2020|
|---|---|---|---|---|---|
|||||6|6|
|Cash flows from operating
activities:||||||
|Net Income/(expenditure)|||291,968||21,043|
|Deduct gains/add
back losses on investments|||(116,453)||86,71/|
|Decrease/(increase)
in debtors|||8,009||(50,490)|
|Increase/(Decrease)
in creditors|||8|605|~27 103|
|Net cash (used in) generated
from operating|activities||192|129|30167|
|Cash flows from investing
activities:||||||
|Net movement
on investment
cash balances|||6|483|~V4 786|
|Net cash generated
from (used in) investing|activities|||483|74786|
|Cashflow from financing
activities:||||||
|Repayment
ofdebt|||(45,000)|||
|Receipts of issue of new loan|||||45000|
|Net cashflow from financing
activities|||~45|0|45000|
|Increase/(decrease)
in cash and cash equivalents|||153,612||291|
|Cash and cash equivalents
brought
forward|||82|121|81830|
|Cash and cash equivalents
carried forward|||~23||2 121|
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|NVESTMENT INCOME|||||
|---|---|---|---|---|
|||2021||2020|
|||f||f|
|UK equity dividends||4,735|11,795||
|Overseas equity dividends||3,584||3,457|
|Income from UK bonds||3,159||3,245|
|Income from overseas|bonds|358|||
|Income from other UK|investments|4,490||5,381|
|Income from other overseas investments
Deposit account interest||2,504
~1||2,778
1 275|
|||||793|
|NCOMING
RESOURCES FROM CHARITABLE ACTIVITIES|||||
|||2021||2020|
|||f||f|
|Member contributions|—employee|782,303|794,835||
|Member contributions|—employer|813427|828828||
|||~17|||
|NALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES|||||
|||2021||2020|
|||f||f.|
|Charitable
activities|||||
|Weekly benefit scheme||1,050,599|998,789||
|Capital benefit premium||320,615|519,848||
|Marsh Costs —commission||40,000|||
|Crawfords
cost||6,250|5,000||
|Governance
and support costs (see below)||20014|17633||
|||747|15S4|70|
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|NALYSIS OF GOVERNANCE|NALYSIS OF GOVERNANCE|NALYSIS OF GOVERNANCE|AND SUPPORT COSTS|AND SUPPORT COSTS||
|---|---|---|---|---|---|
|||||2021|2020|
|||||f|f|
|Governance costs||||||
|Audit fees||||6,120|5,100|
|Administration
charges||||9169|9267|
||||||~67|
|Support costs||||||
|Legal and professional|fees|||4,680|3,240|
|Bank charges and interest||||45|26|
||||||176|
|RUSTEES||||||
|o expenses were reimbursed|||to Trustees (2020:f305to three Trustees).|||
|one ofthe Trustees received|||any remuneration|during the current year or prior year.||
|MPLOYEES||||||
|here were no employees||during
the year (2020:none).||||
|IXEDASSET INVESTMENTS||||||
|||||Listed||
|||||investments||
|||||f||
|Market value at 1 April|2020|||906,726||
|Income received into fund||||18,082||
|Transfer of cash||||(19,256)||
|Investment
manager's|fees|||(5,309)||
|Net gains/(losses)
on investments||||116453||
|Market value at 31March 2021||||||
|||||2021|2020|
||||||f|
|The investment
assets|are held:|||||
|UK listed equities||||162,046|204,742|
|Non-UK listed equities||||304,522|164,349|
|UK bonds||||178,280|230,428|
|Non-UK bonds||||76,749|20,777|
|UK other securities||||133,791|170,013|
|Non-UK other securities||||110,040|78,350|
|Cash||||51 268|38067|
|||||~69|~76|
|Historical cost||||||
|At 31 March 2021||||~4||
|At 31 March 2020||||68||
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||||||Holding|Value|
|---|---|---|---|---|---|---|
|Trojan Investment|||Funds||17,380|50,754|
|Vanguard|5&P|500 UCITS ETF|||1,270|69,542|
|Ishares Physical||Metals||PLC|2,400|57,648|
|DEBTORS|||||||
||||||2021|2020|
||||||f|6|
|Other debtors|||||||
|CREDITOR|S FALLING DUE WITHIN ONE YEAR||||||
||||||202'I|2020|
||||||6|6|
|Injury and|disablement|||benefits|61,410|41,085|
|Accruals|||||8,880|20,600|
|NTF loan||||||45000|
||||||~7|~668|
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