##
##
##
|Report ofthe Trustees|1 to 4||
|---|---|---|
|Report ofthe Independent
Auditors|5 to 8||
|Statement ofFinancial Activities|||
|Balance Sheet|10||
|Notes to Financial Statements|11to 19||
|Detailed Statement
ofFinancial Activities|20 to 21||
|Schedule ofDonations|Appendix|1|
|Schedule ofListed Investments|Appendix|2|
|Investment
Acquisitions
and Disposals|Appendix|3|
##
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##
##
##
|FOR THE YEAR|EN|DED 5APR|IL 2021||||
|---|---|---|---|---|---|---|
||||||5.4.21|5.4.20|
||||||Unrestricted|Total|
|||||Notes|fundf|funds|
|INCOME AND ENDOWMENTS|||FROM||||
|Donations
and legacies|||||142450|95,000|
|Investment
income|||||272,535|357,356|
|Total|||||414,885|452,356|
|EXPENDITURE|ON||||||
|Raising funds|||||48&273|59,002|
|Charitable
activities|||||||
|Donations
paid|||||387,509|269,407|
|Other|||||14,919|14,231|
|Total|||||450,701|342,640|
|Net gains/(losses)|on investments||||1,019,357|(1,295,794)|
|NET INCOME/(EXPENDITURE)|||||983&541|(1,186,078)|
|RECONCILIATION||OF FUNDS|||||
|Total funds brought||for&vard|||6,851,545|8,037,623|
|TOTAL FUNDS|CARRIED FORWARD||||7&835&086|6,851,545|
##
|BALANCE SHE
5APRIL 2021|ET||||
|---|---|---|---|---|
||||5.4.21|5.4.20|
||||Unrestricted|Total|
||||fund|funds|
|||Notes|||
|FIXEDASSETS|||||
|Tangible assets||10|580|705|
|Investments||11|8,148,782|7,106,557|
||||8)1491362|7,107,262|
|CURRENT ASSETS|||||
|Debtors: amounts|falling due within one year|12|15,471|25,412|
|Cash at bank|||337/90|291,042|
||||352,761|316,454|
|CREDITORS|||||
|Amounts
falling due within one year||13|(19,734)|(27/93)|
|NET CURRENT|ASSETS||333,027|289,161|
|TOTAL ASSETSLESSCURRENT|||||
|LIABILITIES|||8,482/89|7,396,423|
|PROVISIONS FORLIABILITIES||14|(647,303)|(544,878)|
|NET ASSETS|||7,835,086|6,851,545|
|FUNDS||15|||
|Unrestricted
funds|||7,835,086|6,851,545|
|TOTAL FUNDS|||7,835,086|6,851,545|
##
##
##
##
##
##
##
##
##
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##
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##
##
##
##
##
|2.|DONATIONS
AND|LEGACIES|LEGACIES|LEGACIES|||
|---|---|---|---|---|---|---|
||||||5.4.21|5.4.20|
||Unlisted
investments|||||95,000|
||Listed investments||||125,350||
||Other donations||||17,000||
||||||142,350|95,000|
|3.|INVESTMENT INCOME||||||
||||||5.4.21|5.4.20|
||Beambridge
Clubroom
Listed investments||rental income||15
191,088|256,784|
||Investment
property
Other interest|income|||65,432
16,000|84,456
16,116|
||||||272,535|357,356|
|4.|RAISING FUNDS||||||
||Investment
management|||costs|5.4.21|5.4.20|
||Support costs||||48,273|59,002|
|5.|CHARITABLE ACTIVITIES COSTS||||||
|||||||Direct|
|||||||Costs|
||Dti
id|||||387,509|
##
##
##
##
|FOR|THE YEAR|ENDED 5A|PRIL 2021|||||
|---|---|---|---|---|---|---|---|
|6.|SIJPPORT|COSTS||||||
|||||Management|Finance
f,|Other|Totals
f|
||Investment|management|costs|48/73|||48,273|
||Other resources expended||||5&072|9,847|14&919|
|||||48473|5,072|9,847|63,192|
##
##
|Trustees'
expenses|Trustees'
expenses|Trustees'
expenses||||||
|---|---|---|---|---|---|---|---|
|Mr L C N Bury and Mrs S A Bury, trustees,
received
K1,000).
Mr L C N Bury and Mrs S A Bury were|||K1,000 during
the year in respect of oiBce costs
(2020:
reimbursed
8564 (2020; f945 ) in respect of travel
&|||||
|computer costs.||||||||
|COMPARATIVES FORTHE STATEMENT OF FINANCIAL||||ACTIVITIES||||
|||||||Unrestricted||
|||||||fund||
|INCOME AND ENDOWMENTS FROM||||||||
|Donations
and legacies||||||95,000||
|Investment
income||||||357,356||
|Total||||||452,356||
|EXPENDITURE ON||||||||
|Raising funds||||||59,002||
|Charitable
activities||||||||
|Donations
paid||||||269,407||
|Other||||||14,231||
|Total||||||342,640||
|Net gains/(losses)
on investments||||||(1,295,794)||
|NET INCOME/(EXPENDITURE)||||||(1,186,078)||
|RECONCILIATION|OF FUNDS|||||||
|Total funds brought|forward|||||8,037,623||
|TOTAL FUNDS CARRIED FORWARD||||||6,851,545||
##
##
|FOR|THE YEAR ENDED 5APRIL 2021|THE YEAR ENDED 5APRIL 2021|||
|---|---|---|---|---|
|9.|AUDITORS' REMUNERATION||||
||Net income/(expenditure)|is stated after charging/(crediting):|||
||||5.4.21|5.4.20|
||||5||
||Auditors'
remuneration||2,891|3,412|
||Auditors'
remuneration|for non audit work|2,181|2,536|
|10.|TANGIBLE FIXEDASSETS||||
|||||Fixtures|
|||||and|
|||||fittings|
||COST||||
||At 6April 2020 and 5|April 2021||10,994|
||DEPRECIATION||||
||At 6 April 2020
Charge for year|||10,289
125|
||At 5 April 2021|||10,414|
||NET BOOK VALUE||||
||At 5 April 2021|||580|
||At 5 April 2020|||705|
|11.|FIXEDASSETINVESTMENTS||||
||||5.4.21|5.4.20|
||Shares||79948,782|6,906,557|
||Loans||200,000|200,000|
||||8,148,782|7,106,557|
##
##
##
|FIXEDASSET INVE|FIXEDASSET INVE|STMENTS|STMENTS|-continued||||
|---|---|---|---|---|---|---|---|
|Additional
information||as follows:||||||
||||||Listed|Unlisted||
|~TVALUE||||investments||investments|Totals|
|At 6 April 2020
Additions||||4)487,517
1,756,205||2,419,040|6)906,557
11756,205|
|Disposals
Net gains/(losses)|realised|||(1,733,337)
111,174|||(1,7330337)
111,174|
|Net gains/(losses)|unrealised||||908,183||908,183|
|At 5 April 2021||||5,529,742||2,419,040|7,948,782|
|NET BOOK VALUE||||||||
|At 5 April 2021||||5,529,742||2,419,040|7,948,782|
|At 5 April 2020||||4,487,517||2,419,040|6,906,557|
||||||||Other|
||||||||loans|
|At 6 April 2020 and 5||April|2021||||200,000|
|Listed investments|included||above|||||
|||||||2021|2020|
||||||||f,|
|UK||||||3,901,193|2,912,727|
|Non UK||||||~1628549|I 574 790|
|||||||~5529 742|4 487 517|
|The largest fixed|asset|investments,||defined as those which represent|more than|5%ofthe portfolio by value, ar||
|||||||Market Value||
|||||||at 5th April 2021||
|||The|Glebe|Farm, Munslow|||1,300,000|
|2,520
170,000||JKFunds Pic
Legal &General Group|||||713,236
481,950|
|30,000
151,000||Royal Dutch
Carvetian
Capital|||||400,620
399,546|
##
##
##
||||5.4.21|5.4.20|
|---|---|---|---|---|
||Other debtors||466|466|
||Prepayments
and accrued income||15&005|24,946|
||||15,471|25,412|
|13.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||||
||||5.4.21|5.4.20|
||Other creditors||19,734|27,293|
|14.|PROVISIONS FOR|LIABILITIES|||
||||5.4.21|5.4.20|
||Committed
charitable|donations|647&303|544,878|
##
|MOVEMENT|IN FUNDS|||||
|---|---|---|---|---|---|
|||||Net||
|||||movement|At|
||||At 6.4.20|in funds|5.4.21|
||||f,|||
|Unrestricted|funds|||||
|General fund|||6,851,545|983&541|7,835,086|
|TOTAL FUNDS|||6,851,545|983,541|7,835&086|
|Net movement|in funds, included|in the above are as follows:||||
|||Incoming|Resources|Gains and|Movement|
|||resources|expended|losses|in funds|
|Unrestricted|funds|||||
|General fund||414,885|(450&701)|1,019,357|983,541|
|TOTAL FUNDS||414,885|(450,701)|1,019,357|983&541|
##
##
##
|Comparatives|for moveme|nt
in funds|||||
|---|---|---|---|---|---|---|
||||||Net||
||||||movement|At|
|||||At 6.4.19|in funds|5.4.20|
|||||f,|||
|Unrestricted|funds||||||
|General fund||||8,037,623|(1,186,078)|6,851,545|
|TOTAL FUNDS||||8,037,623|(1,186,078)|6,851,545|
|Comparative|net movement|in funds, included|in the above are as follows:||||
||||Incoming|Resources|Gains and|Movement|
||||resources|expended|losses|in funds|
|Unrestricted|funds||||||
|General fund|||452,356|(342,640)|(1,295,794)|(1,186,078)|
|TOTAL FUNDS|||452,356|(342,640)|(1295,794)|(1,186,078)|
||||Net||
|---|---|---|---|---|
||||movement|At|
|||At 6.4.19|in funds|5.4.21|
|Unrestricted|funds||||
|General fund||8,037,623|(202,537)|7,835,086|
|TOTAL FUNDS||8,037,623|(202,537)|7,835,086|
|A current yea
as follows:|r 12 months
and prior|year 12months
combined
n|et movement
in f|unds, included
i|n the above
a|
|---|---|---|---|---|---|
|||Incoming|Resources|Gains and|Movement|
|||resources|expended|losses|in funds|
|||f.|f.||f.|
|Unrestricted|funds|||||
|General fund||867,241|(793,341)|(276,437)|(202,537)|
|TOTAL FUNDS||867,241|(793,341)|(276,437)|(202,537)|
##
|acted as|a trustee;|||||
|---|---|---|---|---|---|
|||||5.4.21|5.4.20|
|Brazilian|Atlantic|Rainforest|Trust|20,000|25,000|
##
##
||||||5.4.21|5.4.20|
|---|---|---|---|---|---|---|
|Financial|assets at|amortised|cost||3529761|316,454|
|Financial|liabilities|at amortised
cost|||19)734|27393|
|Financial|assets at|fair value|through|the Statement ofFinancial Activities|8,148,782|7,106,557|
##
##
|FORTHE YEAR END|ED|5 APRIL 2021|||
|---|---|---|---|---|
||||5.4.21|5.4.20|
|INCOME AND ENDOWMENTS|||||
|Donations
and legacies|||||
|Unlisted
investments||||95,000|
|Listed investments|||125,350||
|Other donations|||17&000||
||||142450|95,000|
|Investment
income|||||
|Beambridge
Clubroom
Listed investments|rental|income|15
191,088|256,784|
|Inveslment
property
income
Other interest|||65,432
16,000|84,456
16,116|
||||272)535|357,356|
|Total incoming
resources|||414)885|452,356|
|EXPENDITURE|||||
|Charitable
activities|||||
|Donations
paid|||387,509|269,407|
|Support costs|||||
|Management|||||
|Beambridge
Clubroom
Portfolio management|expenses
fees||169
24,277|27,967|
|Property management|fees||23,827|31,035|
||||48/73|59,002|
|Finance|||||
|Audit fees|||2,891|3,412|
|Auditors'
remuneration|for|non audit work|2,181|2,536|
||||5,072|5,948|
|Other|||||
|Bank charges and interest|||232|90|
|Office administration|||9,431|7,849|
|Travelling|||60|197|
|Depreciation|||124|147|
||||9,847|8,283|
|Total resources expended|||450,701|342,640|
|Net (expenditure)/income
losses||before gains and|(35,816)|109,7(6|
##
##
|FORTHE YEAR E|NDE||D 5 APRIL 2021|||
|---|---|---|---|---|---|
|||||5.4.21|5.4.20|
|Realised recognised|gains||and losses|||
|Realised gains/(losses)|on|fixed asset investments||111,174|(1,710)|
|Unrealised
gains/(losses)||on fixed asset||||
|investments||||908,183|(1,294,084)|
|Net income/(expenditu|re)|||983,541|(1,186,078)|
##
|A4U||||||2,000|
|---|---|---|---|---|---|---|
|ABFThe Soldiers' Charity||||||1,000|
|Acorns Children's
Hospice||||||7,500|
|Action for Children||||||2,500|
|Age Concern Ludlow||||||1,000|
|Age UK Shropshire
Telford &Wrekin||||||2,000|
|Albrighton
Trust Ltd||||||2,000|
|Alstrom Syndrome UK||||||2,000|
|Armonico
Consort||||||1,000|
|Atlantic Salmon Trust||||||2,000|
|Bag Books||||||1,000|
|Birmingham
Children's
Hospital||Charity||||2,500|
|Bitterley PCC||||||2,000|
|Brain Tumor Support||||||1,000|
|Brazilian Atlantic Rainforest Trust||||||20,000|
|Breast Cancer Haven||||||2,000|
|British Wireless for the Blind||||||500|
|Burwarton &District Agricultural|||Society|||1,000|
|Caring for God's Acre||||||1,000|
|Community
Council ofShropshire||||||5,000|
|Conservation
Collective||||||5,000|
|Conservation
Trust for St Laurence,||||Ludlow||2,000|
|Corvedale CofEAided Primary|||School|||27,334|
|Countryside
Learning||||||2,500|
|CPRE||||||1,000|
|CPRE - Shropshire
Branch||||||3,000|
|Crane Quality
Counselling||||||2,500|
|Dimensions||||||500|
|Dream Holidays||||||1,000|
|Echo International
Health|Services|||Ltd||2,000|
|Elephants
Alive||||||2,000|
|Elephants
for Ahica||||||2,000|
|Ethos Group Oswestry (exTranshouse)||||||2,000|
|Fauna &Flora International||||||10,000|
|Friendly Transport
Service|Shropshire|||||2,000|
|Game &Wildlife Conservation||Trust||||10,000|
|Global Canopy Foundation||||||10,000|
|Go Beyond||||||2,000|
|Gordon Wright Trust||||||500|
|Hands Together Ludlow||||||2,500|
|Harper Adams University|Development||||Trust|2,500|
|Headway
Shropshire||||||3,000|
##
##
|Brought forward||154,334|
|---|---|---|
|Himalayan
Friends Trust||1,000|
|Home-Start Telford Jk Wrekin||3,000|
|Hope House||2,500|
|Horatio's Garden||5,000|
|Isle ofJure Development
Trust||500|
|Jure Care Centre Group||1,500|
|Juvenile Diabetes Research Foundation||1,000|
|Live at Home Scheme||1,500|
|Live Music Now||1,000|
|Longmynd
Adventure
Camp||1,000|
|Ludlow Baptist Church (Food|Bank)|1,000|
|Ludlow College Bursary Fund||1,000|
|Macular Society||2,000|
|Marie Curie||2,500|
|Maurice Chandler
Sports Centre||2,000|
|Medecins sans Frontieres||10,000|
|Megan Baker House||5,000|
|Mid Wales Opera||1,500|
|Midlands
Air Ambulance
Charity||2,500|
|Music in Hospitals||750|
|Oxfam GB||5,000|
|Pentabus Theatre||3,000|
|Pioneer Centre Bursary Fund||1,000|
|Prince's Trust||3,500|
|React||1,000|
|Re-Cycle||1,000|
|Revitalise||2,500|
|Riding for the Disabled (Shropshire)||1,000|
|Royal Forestry Society||2,500|
|Royal Horticultural
Society||2,000|
|Royal National
College for the Blind||2,500|
|Samaritans - Shrewsbury
Branch||2,000|
|Severn Hospice||5,000|
|Shrewsbury
Childrens'
Bookfest||1,000|
|Shrewsbury
Christian
Centre||3,000|
|Shrewsbury
Food Hub||2,500|
|Shrewsbury
Homes for All||2,500|
|Shropshire
Domestic Abuse Service||1,000|
|Shropshire
Hills AONB Trust||7,000|
|Shropshire
Historic Churches|Trust|5,000|
|Shropshire
Rural Support||1,000|
|Shropshire
Victim Support||1,000|
|Shropshire
Wildlife Trust||3,000|
|Carried forward||259,584|
|Brought forward|||259,584|
|---|---|---|---|
|Shropshire
Youth Association|||1,000|
|Signal|||1,000|
|South Shropshire
Furniture||Scheme|2,500|
|St Catherine's
Church -|Tugford||1,000|
|StJohn Ambulance|||1,000|
|StMar/s Youth Project|||3,000|
|St Michael's
Church - Munslow|||500|
|St Peter's Ludlow Mission|||500|
|Strettons Mayfair Trust|||3,000|
|Surfers Against
Sewage|||1,000|
|Taking Part|||2,500|
|Telford Christian
Council|||2,500|
|Trailblazers|||2,000|
|Village Water|||1,000|
|Wild Shots Outreach|||1,000|
|Working Together (Ludlow)||Ltd|2,000|
|Movement
in provision|(note 13)||102,425|
||||387,509|
##
|||||Market||
|---|---|---|---|---|---|
|||||Value|Cost|
|UK - LISTED||||||
|Equities||||||
|2,520|JKFunds Pic|||713,236|403,447|
|220,000|JP Morgan Gbl Emerg Mkts Inc|||319,000|249,967|
|1,001,493|Chaarat Gold Holdings||Ltd|248,871|255,645|
|5,100|Rio Tinto|||279,480|207,708|
|170,000|Vodafone Group Pic|||227,222|300,921|
|13,000|Prudential
Pic|||201,695|173,059|
|10,000|British American Tobacco|||271,550|352,918|
|170,000|Legal &General Group|||481,950|434,112|
|15,000|Imperial Brands Pic|||223475|285,371|
|13,000|M&G Pic|||27,222|27,619|
|151,000|Carvetian
Capital|||399,546|369,133|
|30,000|Royal Dutch|||400,620|419,430|
|11,500|Alliance Trust|||107,525|85,117|
|TOTAL UK LISTED||||3,901,193|3,364447|
|NON-UK LISTED||||||
|Overseas Equities||||||
|500,000|New City High Yield Fund Ltd|||257,500|272,560|
|6,000|Novartis AG CHF0.50|||374,035|200,977|
|400,000|Jiangsu Expressway|Co H CNY1||350,263|222,421|
|24,000|AIA Group Ltd|||210,824|98,472|
|3,558.615|Pemberton
Investments|||234,620|77,638|
|1,360|JKFunds Pic|||201,307|191,094|
|TOTAL NON-UK LISTED||||1,628,549|1 ll63,462|
|TOTAL LISTED INVESTMENTS||||5,529,742|4,627699|
##
|~AI hi|Cost|
|---|---|
||f|
|Carvetian
Capital|370,376|
|Royal Dutch|419,430|
|Scottish Mortgage|239,745|
|Legal &General Group|76,940|
|Alliance Trust|85,117|
|JK Funds Pic|191,094|
|Amazon. corn|243,503|
|Chaarat Gold Holdings|130,000|
||1,756,205|
|~Dis oasis||Market Value|Disposal||
|---|---|---|---|---|
|||6th April 2020|Proceeds|Gain/(Loss)|
|||or acquisition|||
|Bupa Finance||288,000|300,000|12,000|
|HSBC Holdings|Plc|178,740|185,873|7,133|
|Lloyds Banking|Group Plc|83,175|90,567|7,392|
|City ofLondon|Inv Trust Pic|459,000|493,692|34,692|
|Scottish Mortgage||239,745|303,765|64,020|
|Amazon. corn||243,503|234,440|(9,063)|
|Chaarat Gold Holdings||130,000|125,000|(5,000)|
|||1,622, 163|1,733,337|111,174|