2021-12-31-accounts

			Page
Trustee's	annual report
Independent auditor's		report to the member
Statement	of financial	activities
Statement	of financial	position	10
Notes to the financial		statements

Reference	and administrative	and administrative	details
Registered	chadty	name	Bestobell-Meggitt	Welfare		Trust
Charity registration		number	284376
Principal office			The 4814Trust/	BMWT
			PO Box96
			Somerton
			TA11 9BS
The trustee
			Bestobell Founders		Welfare Trust
			Limited
Auditor			Westcotts (SW)	LLP
			Chartered accountants
			Timberly
			South Street
			Axminster
			Devon
			England
			EX135AD
Bankers
			CAF Bank
			25 Kings Hill Avenue
			Kings Hill
			West Mailing
			ME194TA
Solicitors			Bates, Wells & Braithwaite			London	LLP
			10Queen Street	Place
			London
			EC4R 1BE
			Gregg Latchams	Ltd
			7Queen Street
			Bristol
			BS14JE

Year ended 31 Dece	mbe	r 202	1
					2021		2020
				Unrestricted	Endowment
				funds	funds	Total funds	Total funds
			Note	2	E	2	2
Income and endowments
Investment income			4	123,643		123,643	129,161
Total income				123,643		123,643	129,I61
Expenditure
Expenditure on raising funds:
Investment management		costs	5	51,551		51,551	44,154
Expenditure on charitable	activities		6,7	4,741		4,741	129,828
Other expenditure			9	2,868,848		2,868,848
Total expenditure				2,925,140		2,925,140	173,982
Net gains on investments			10	415,199		415,199	281,794
Net (expenditure)/income	and net
movement in funds				(2,386,298)		(2,386,298)	236,973
Reconciliation offunds
Total funds brought forward				5,758,402	43,837	5,802,239	5,565,266
Total funds carried forward				3,372,104	43,837	3,415,941	5,802,239

			2ml	2020
		Note		2
Fixed assets
Inveabnenls		14	3,260,798	5,708,721
Cunent assets
Debtors Cash at bank and in	hand	15	1,813 167,235	1,909 225,869
			169,048	227,778
Credltonn amounts	falgng due within one year	16	13,805	134,160
Net cunent assets			155,243	93.618
Total assets less current liablliges			3,418,041	5,802,339
Creditors: amounts	faglng due after mors then one year	17	100
Net assets			3,415,941	5,802,239
Funds ofthe charity
Endowment funds			43,837	43,837
Unrestifcted funds			3,372,104	5,758,402
Total charity funds		18	3,415,941	5,802,239

Investment	income
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2021	Funds	2020
Income from	investments		123,641	123,641	128,990	128,990
Bank interest	receivable		2	2	171	171
			123,643	123,643	129,161	129,161
Investment	management	costs
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2021	Funds	2020
Portfolio management			51,551	51,551	44,154	44,154

Ye	ar ended 31	ar ended 31		December	2021
6.	Expenditure			on charitable	activities	by fund type
						Unrestricted	Total Funds	Unrestricted	Total Funds
						Funds	2021	Funds	2020
									F
	Support costs					4,741	4,741	4,828	4,828
						4,741	4,741	4,828	4,828
7.	Expenditure			on charitable	activities	by activity type
								Total funds	Total fund
							Support costs	2021	2020
								2
	Charitable	activity					96	96	60
	Governance		costs				4,645	4,645	4,768
							4,741	4,741	4,828
8.	Analysis of		support costs
							Analysis of
							support costs	Total 2021	Total 2020
	Finance costs						96	96	60
	Governance		costs				4,645	4,645	4,768
							4,741	4,741	4,828
9.	Other expenditure
						Unrestricted	Total Funds	Unrestricted	Total Funds
						Funds	2021	Funds	2020
	Capital donated toThe 4814Trust					2,868,848	2,868,848	125,000	125,000
10.	Net gains on			investments
						Unrestricted	Total Funds	Unrestricted	Total Funds
						Funds	2021	Funds	2020
	Gains/(losses)			on listed investments		415,199	415,199	281,794	281,794

					2021	2020
						2
Fees	payable for the audit of		the financial	statements	2,650	2,520
Fees	payable to	the charity's	auditor and	its associates for other services:
Other	non-audit	services			960

Investments
	Listed
	investments
Cost or valuation
At 1 January 2021	5,708,721
Additions	676,401
Disposals	(3,539,524)
Fair value movements	415,200
At 31 December 2021	3,260,798
Impairment
At 1 January 2021 and 31 December 2021
Carrying amount
At 31 December 2021	3,260,798
At 31 December 2020	5,708,721

		2021	2020
Other	debtors	1,813	1,909

								2021		2020
Accruals and		deferred	income					3,610		4,380
Grants payable										125,000
Expenses paid by the			4814Trust					10,195	'	4.780
								13,805		134,160
Creditors: amounts falling due after more						than one	year
								2021		2020
								2
Bestobell Founders Welfare Trust					Limited			100		100
Analysis of charitable			funds
Unrestricted		funds
					At					At
			1 January 20					Gains and	31	December
					21	Income	Expenditure	losses		2021
							2
General funds			5,758,402			123,643	(2,925,140)	415,199		3,372,104
					At					At
			1 January 20					Gains and	31	December
					20	Income	Expenditure	losses		2020
										2
General funds			5,521,429			129,161	(173,982)	281,794		5,758,402
Endowment		funds
					At					At
			1 January 20					Gains and	31	December
					21	Income	Expenditure	losses		2021
Permanent	Endowment
Fund				43,837						43,837
					At					At
			1 January 20					Gains and	31	December
					20	Income	Expenditure	losses		2020
							2	2
Permanent	Endowment
Fund				43,837						43,837

Analysis of net assets between f	unds
	Unrestricted	Endowment	Total Funds
	Funds	Funds	2021
	2	2	2
Investments	3,21 6,961	43,837	3,260,798
Current assets	169,048		169,048
Creditors	(13,905)		(13,905)
Net assets	3,372,104	43837	3415941
	Unrestricted	Endowment	Total Funds
	Funds	Funds	2020
			2
Investments	5,664,884	43,837	5,708,721
Current assets	227,778		227,778
Creditors	(134,260)		(134,260)
Net assets	5,758,402	43,837	5,802,239