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||||Page|
|---|---|---|---|
|Trustee's|annual<br>report|||
|Independent<br>auditor's||report to the member||
|Statement|of financial|activities||
|Statement|of financial|position|10|
|Notes to the financial||statements||





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|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<br>accountants|||||
||||Timberly|||||
||||South Street|||||
||||Axminster|||||
||||Devon|||||
||||England|||||
||||EX135AD|||||
|Bankers||||||||
||||CAF Bank|||||
||||25 Kings<br>Hill Avenue|||||
||||Kings<br>Hill|||||
||||West Mailing|||||
||||ME194TA|||||
|Solicitors|||Bates, Wells & Braithwaite|||London|LLP|
||||10Queen Street|Place||||
||||London|||||
||||EC4R 1BE|||||
||||Gregg Latchams|Ltd||||
||||7Queen Street|||||
||||Bristol|||||
||||BS14JE|||||





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|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<br>income|||4|123,643||123,643|129,161|
|Total income||||123,643||123,643|129,I61|
|Expenditure||||||||
|Expenditure<br>on raising funds:||||||||
|Investment<br>management||costs|5|51,551||51,551|44,154|
|Expenditure<br>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<br>in funds||||(2,386,298)||(2,386,298)|236,973|
|Reconciliation<br>offunds||||||||
|Total funds brought<br>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|





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||||2ml|2020|
|---|---|---|---|---|
|||Note||2|
|Fixed assets|||||
|Inveabnenls||14|3,260,798|5,708,721|
|Cunent assets|||||
|Debtors<br>Cash at bank and in|hand|15|1,813<br>167,235|1,909<br>225,869|
||||169,048|227,778|
|Credltonn<br>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<br>funds|||43,837|43,837|
|Unrestifcted<br>funds|||3,372,104|5,758,402|
|Total charity funds||18|3,415,941|5,802,239|






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|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|



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|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<br>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|





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||||||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||



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|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<br>2021 and 31 December 2021||
|Carrying<br>amount||
|At 31 December 2021|3,260,798|
|At 31 December 2020|5,708,721|



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|||2021|2020|
|---|---|---|---|
|Other|debtors|1,813|1,909|





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|||||||||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<br>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|



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|Analysis<br>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|



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