2021-12-31-accounts - The Houghton Trust Limited

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		Page
Legal and administrative	information
Directors' mport
Independent examiner's	report
Statement of financial activities
Balance sheet
Statement of cash flows
Notes to the accounts

for the year ended 31Dece	mber 2021
					2021	2020
		Notes	Unrestricted 8		Total fuads 8	Total funds 8
Inconte
investment Income Other income		3 4		6,638 87,215	6,638 87,215	6,110 92,171
Total inconte				93,853	93,853	98,281
Expenditure
Cart ofraising fttnds; Editorial expenditure Investment management fees			5 6	10,964 4,256	10,964 4,256	9,967 3,595
				15,220	15,220	13,562
Expend/tare on charitable Research Education Administrative expenses	actlrllles:			32,940 (4,315) 4,361	32,940 (4,315) 4,361	43, 121 4,592 4,761
				32,986	32,986	52,474
Total expenditure				48,206	48,206	66,036
Net Income/(expeudlture) In funds before gains and	aud net movement losses on investments			45,647	45,647	32,245
Net gains/(losses) on invesbnents			9	45,062	45,062	35,611
Net movement ln funds				90,709	90,709	67,856
Reconctltatton ofFends Total funds as at I January	2021			617,595	617,595	549,739
Total Ibnds as at 31 December 2021				705,3II4	708,304	617,595

ns at 31Dcccu&bo	r 2021
				2021	2020
		Ihotcs	lhwcstricted	Totnl froude	Toh&115'mais
				8	8
1&ised assets Tangible nese)s hlveshucu&8			6 5lh5,578	6 'IhS,S78	6 409,009
Total fixed assets			445,585l	445,584	409,015
Cul'O'Lu't o8&el8 Debtors Cosh at bank nnd	ln hnnd	10 11	45,I75 220,439	45,175 220,435	S2,131 164,731
Total cur&'out usseta			'265,615l	265,6l4	216,862
Liabilities
Creditors fatting duo within one		12	2,894	2,894	8,282
yenr
91st current amet8			262,720	262,720	208,580
131stassets			708300	7538300	657595
Funds U&u'estrlcted Iiuuls			7089304	708,304	617,595
Ro&trlcted go&ds
Shoroholdcrs' feuds			708300	7083M	677595

The Houghton Trust Limited	The Houghton Trust Limited
Statement of Cash Flows
for the year ended 31December 2021
			2021	2020
		Notes	Total Funds	Total Funds
Net cash used in operating	activities	13	40 377	27 703
Cash flows from Investing	activities:
Interest snd dividends			6,638	6,110
Proceeds from sale ofinvestments			8,493	4,780
Net cash provided by Investing			15,131	10,890
activkles
Change In cash and cash equivalents in the year			55,708	38,593
Cash and cash equivalent 1January 2021	ss at		164,731	126,138
Cash snd cash equivaleat	as at		220439	164 731
31December 2021

	in cash or k	ind (2020;a	nil). Expenses paid to t	ear
				2021	2020
3	Investment	income		8	8
	Dividends - equities Interest- fixed internet		securities	5,339 1,299	5,190 829 91
	Interest on	cash deposits
				6638	6,110
				2021	2020
4	Other income				8
	Royalties Royalties Royalties	receivable agents receivable -Editorial contribution agents receivable -Travel expenses subsidy		75,175 $,040 4,000	$2,131 8,040 2,000
				87215	92 171
				2021	2020
5	Editorial	expenditure
	Editorial	assistants remuneration		10,964	9,967
				10964	9,967

The	Houghton Trust Limited	Houghton Trust Limited	Houghton Trust Limited
Notes to the Accounts
I'or the year ended 31December				2021
						2021	2020
6	Investment management		fees
	Investment management		fees			4,256	3,595
						4,256	3,595
7	Expenditure on charitable			activities		202l 8	2020 8
						32940	43 121
	Research grants Individual educational		grants			~4,315	4562
	Administrative expenses
						7	10
	Postage, stationery	and	telephone			13	968
	Travel expenses					926	&42
	Treasurer honoraria					1,944	1,860
	Accountancy Computer running	costs				1,433 25	1,043 25
	Bank charges					13	13
	Sundry expenses
						4,361	4,761
	Total expenditure	on charitable			aotivitles	32,986	52,474
8	Tangible fixe assets
	Office equipment
	Cost
	At I January 2021					5 661
	and 31 December	2021
	Depreciation
	At I January 2021					5655
	and 31 December	2021
	Net book value
	At 31 December	2021
	At 31 December	2020

for	the year ended	31December	2021
				2021	2020
9	Fixed asset Investments			f,
	Movement in	fixed assets listed investments:
	Market value	at I January 2021		409,009	378,178
	Add: additions to investment at cost Disposals at carrying value Add; net gain/(loss) on revaluation			107,690 (116,183) 45,062	58,079 (62,859) 35,611
	Market value	at 31December	2021	445,578	409,009
	Net cash released f1om investments			in the year was 88493 (2020:f4,780)
	Investments	at fair value		2021	2020
	Comprised:
				384,335	357,186
	Equities Fixed interest	securities		61,243	51,823
				445 578	409,009

			2021	2020
10	Debtors			8
	Royalties	receivable	45,175	52,131
			45 175	52,131
			2021	2020
11	Cash at bank			g
	Bank current account Investmcnt advisors deposit account		199,689 20,750	154,857 9,874
			220,439	164731

The Houghton Trust Limited	The Houghton Trust Limited
Notes to the Accounts
for the year ended 31December 2021
12 Creditors due within	1year		2021	2020
			8
ludividual educational Accruals	grants		950 1,944	6,422 1,860
			2 874	8,282
13 Reconciliation ofnet	movement	in I'unde	2021	2020
to net cash flow from	operating	activities
Net movement in Ibnds Deduct Interost income shown in Deduct galas/add back losses on Decrease (increase) in debtors Increase (decrease) in creditors		Investing activities investments	90,709 (6,638) (45,062) 6,956 (5,388)	67,856 (6,110) (35,611) (3,251) 4,819
Net cash used in operating activities			48,777	27 782