THE STARKIE BENCE CHARITABLE TRUST UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021
| Page | ||
|---|---|---|
| Trustee's Report |
1-3 | |
| Independent Examiner's |
Report | |
| Statement of Financial |
Activities | |
| Balance Sheet | ||
| Notes to the Financial Statements | 7-10 | |
| Investment Schedule |
11-18 |
| Note | Unrestricted | Expendable | Total | Total | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | Endowment | 2021 | 2020 | |||||||
| 6 | 6 | 6 | 6 | |||||||
| Income and endowments | ||||||||||
| Investments: | ||||||||||
| Investment Income |
3 | 33,374.42 | 33,374.42 | 39,117.58 | ||||||
| Total Income and | Endowments | 33,374.42 | 33,374.42 | 39,117.58 | ||||||
| Expenditure | ||||||||||
| Costs of raising | funds: | |||||||||
| SG Kleinwort Hambros |
Investment | Management | Fees | 11,500.77 | 11,500.77 | 8,826.67 | ||||
| Expenditure on |
Charitable | Activities'. | ||||||||
| Donations | 4 | 32,000.00 | 32,000.00 | |||||||
| Support Costs | 5 | 11,910.00 | 11,910.00 | 6,835.52 | ||||||
| Total Expenditure | 32,000.00 | 23,410.77 | 55,410.77 | 15,662.19 | ||||||
| Net (Expenditure) | Before | Gains and | ||||||||
| Losses on Investments | 1,374.42 | (23,410.77) | (22,036.35) | 23,455.39 | ||||||
| Net (Losses)/Gains | on | Investments | ||||||||
| Realised | 117,873.94 | 117,873.94 | (26,791.63) | |||||||
| Unrealised | (139,777.28) | |||||||||
| Book Cost Adjustment | (2,1 11.60) | (2,111.60) | ||||||||
| 115,762.34 | 115,762.34 | (166,568.91) | ||||||||
| Net Movement | in | Funds | In | the Year | 1,374.42 | 92,351.57 | 93,725.99 | (143,113.52) | ||
| Funds | ||||||||||
| At 5 April 2020 | 36,447.02 | 983,039.60 | 1,019,486.62 | 1,162,600.14 | ||||||
| Net Movement | ofResources | in the | Year | 1,374.42 | 92,351.57 | 93,725.99 | (143,113.52) | |||
| At 5 April 2021 | 637,821.44 | 61,075,391.17 | 61,113,212.61 | 61,019,486.62 |
| Note | 2021 | 2021 | 2020 | |||||
|---|---|---|---|---|---|---|---|---|
| 8 | 8 | |||||||
| Fixed Assets | ||||||||
| Investments | 1,088,182.59 | 981,809.42 | ||||||
| Current Assets | ||||||||
| Debtors | 267.14 | 1,897.93 | ||||||
| Cash at Bank - income | 36,180.88 | 46,471.27 | ||||||
| 36,448.02 | 48,369.20 | |||||||
| Current Liabilities |
||||||||
| Creditors, amounts falling |
due | |||||||
| within one year | 8 | 11,418.00 | 10,692.00 | |||||
| Net Current Assets | 25,030.02 | 37,677.20 | ||||||
| Asseba less Current Liabilities |
8t,t | 13,212.61 | 81,019,486.62 | |||||
| Capital Fund | ||||||||
| Expendable Endowment |
1,075,391.17 | 983,039.60 | ||||||
| Income Fund | ||||||||
| Unrestricted Fund |
10 | 37,821.44 | 36,447.02 | |||||
| 61,113,212.61 | 8t,of9,486.62 | |||||||
| The Financial Statements |
were approved | by the Trustee's | on | 2022 | ||||
| Digitally signed by Bradley vyALDEN |
Michael Considin |
Digitally signed by Michael Considine |
||||||
| lyatw 2022.0823 | Date: | 2022.08.24 | ||||||
| i0:et:43fol'00' | e | 11'42'05+01'00' |
| Investment Income |
Investment Income |
2021 | 2020 | 2020 | |
|---|---|---|---|---|---|
| 6 | 6 | ||||
| Income from UK Listed Securities | 33,242.91 | 38,991.29 | |||
| Refund of Debit Interest | 131.51 | 126.29 | |||
| 633,374.42 | 639,I I7.58 | ||||
| Donations to Charitable | Institutions | 2021 | 2020 | ||
| f | |||||
| Action for Blind People | 2,000.00 | ||||
| Action on Hearing | Loss | 2,000.00 | |||
| Age UK | 2,000.00 | ||||
| Arthritis Care |
2,000.00 | ||||
| British Red Cross | 2,000.00 | ||||
| Christian Aid |
2,000.00 | ||||
| Hospice UK | 2,000.00 | ||||
| Marie Curie | 2,000.00 | ||||
| Medical Foundation | 2,000.00 | ||||
| PDSA | 2,000.00 | ||||
| Polka Theatre | 2,000.00 | ||||
| Practical Action | 2,000.00 | ||||
| Princess Alice Hospital | 2,000.00 | ||||
| Royal Horticultural | Society | 2,000.00 | |||
| Royal Hospital for | Neuro Disability | 2,000.00 | |||
| RNLI | 2,000.00 | ||||
| Balance Carried Forward | 32,000.00 |
| 5 | Support Costs | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||||
| Governance Costs: | |||||||||
| SG Kleinwort Hambros |
Trust | Company | (UK) | Limited Fees | 10,650.00 | 5,532.00 | |||
| Independent Examiner's |
Fees | 1,260.00 | 1,200.00 | ||||||
| SG Kleinwort Hambros |
Trust | Company | (UK) | Limited ARC Fees | 60.00 | ||||
| Bank Interest | 43.52 | ||||||||
| f11,910.00 | f6,835.52 | ||||||||
| 6 | Investments listed on |
a recognised | Stock | Exchange | 2021 | 2020 | |||
| Market Value Brought Forward | 869,010.00 | 1,122,112.00 | |||||||
| Purchases | 470,796.57 | 260,206.53 | |||||||
| Disposals | (1,457,680.51) | (346,739.62) | |||||||
| (117,873.94) | 1,035,578.91 | ||||||||
| Realised Gain/(Loss) | 117,873.94 | (26,791.63) | |||||||
| Unrealised Gain/(Loss) |
(139,777.28) | ||||||||
| Market Value Carried | Forward | 869,010.00 | |||||||
| Cash on Account | 1,088,182.59 | 112,799.42 | |||||||
| Tote I Investments | 81,088,182.59 | 2981,809.42 | |||||||
| Investments comprising |
greater than 5%ofthe Portfolio | 2021 | 2020 | ||||||
| 0/ | '/o | ||||||||
| BNY Mellon Fund Managem | Limited Newton | Gbl Higher | Inc | 6.10 | |||||
| Fil Investment Services |
5.70 | ||||||||
| Invesco Asset Management | 8.40 | ||||||||
| Standard Life Investments |
5.20 | ||||||||
| United Kingdom (Government |
of)0.875% | 5.00 | |||||||
| 7 | Debtors | 2021 | 2020 | ||||||
| f | f | ||||||||
| Dividends Due |
1,630.79 | ||||||||
| Accrued Interest | 267.14 | 267.14 | |||||||
| f267.14 | 61,897.93 |
| 8 | Creditors, amounts | Creditors, amounts | falling due within | falling due within | one | year | 2021 9 |
2020 f |
||
|---|---|---|---|---|---|---|---|---|---|---|
| Independent | Examiner's | Fee (2020 &2021) | 2,400.00 | 2,400.00 | ||||||
| SG Kleinwort | Hambros | Trust Company | (UK) | I imited Fees | 9,018.00 | 8,292.00 | ||||
| 611,418.00 | 610,692.00 | |||||||||
| 9 | Expendable | Endowments | Movement | tn | ||||||
| Funds | ||||||||||
| Balance | Gains and | Balance | ||||||||
| 5 April 2020 | Transfers | 5April 2021 | ||||||||
| f983,039.60 | f92,351.57 | 1,075,391.17 |