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|Report ofthe|trustees|||
|---|---|---|---|
|Independent|examiner's||report|
|Statement of|financial|activities||
|Balance sheet||||
|Statement
of|cash flows|||
|Notes to the financial||statements||
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|Address:||Cayzer House|||
|---|---|---|---|---|
|||30Buckingham
Gate|||
|||London SW1E 6NN|||
|Governed|by:|Deed dated 22 November||1982|
|Trustees:||Mary Barabel Buckley|||
|||Arabelle
Mary Hunter|||
|||Roseanna
Nevllle
Leslie|||
|||Peter Robert Davies|||
|||Sonia Clalre Barry|||
|Administrators:||The Cayzer Trust Company||Ltd|
|||Cayzer House|||
|||30Buckingham
Gate|||
|||London SW1E6NN|||
|Solicitors:||BDBPitmans
LLP|||
|||One Bartholomew
Close|||
|||London
EC1A7BL|||
|Independent|examiner:|SJ Wakefleld
ACA|||
|||Dixon Wilson Chartered|Accountants||
|||22 Chancery
Lane|||
|||London
WC2A
'JLS|||
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|||||Expendable|||Expendable||
|---|---|---|---|---|---|---|---|---|
||||Unrestricted|endowment|Total|Unrestricted|endowment|Total|
||||funds|funds|2021|funds|funds|2020|
||||8|E||6|E|E|
|Income|||||||||
|Investment
income||3|162,799||162,7S9|EgtvStd||266509|
|Tetal income|||162,799||162,799|266,609||166,609|
|Expenditure|||||||||
|Expenditure
on charitable activities|||73,996||73,996|152926||152,926|
|Costs of raising
funds|||||4,168|4.161||4,161|
|Total ewmndbure|||78,164||78,164|157,087||157,087|
|Net gains/(losses)|on investments|6|369,254|492,110|861,364|(24/,226)|(290471)|534,587)|
|Net Inceme
/(expenditure)
and nel movement
in funds|||453,889|492,110|945999|(234594/|(290472)|(525065/|
|Reconcilirrtlon
o//unde|||||||||
|Totalfunds
brought|forward|20|1,708,826|2,647,960|4,356,7S6|1,943,420|2,938.431|e882852|
|Total funds carried forward||10|2,162,715|3,140,070|5,302,785|g708826|2,647960|4,356,786|
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|||||Neendable|||Expendable||
|---|---|---|---|---|---|---|---|---|
||||Unrestricted|endowment|Tots I|Unmstrlcted|endowment|Total|
||||funds|funds|2021|flrnrls|funds|202D|
|||Note|6|6|E|8|6||
|Axed assets|||||||||
|Investmants|||2,031,634|3,115,3ln|5,147,017|A594,246|2,623,273|4,217,519|
|other|||1,900||L900|1,900||1,900|
||||2,033,534|3.115,383|5,148,917|1,996,146|2,623,279|4,219,419|
|Cllrreet assltls|||||||||
|Cash at bank and In hand|||150,130|24,6&7|174,817||24,6&7|218,707|
||||150,130|24,687|174,817|194,020|24,a&7|218707|
|Crmgtors faglng dua within one year||8|(10,949)||(10,949)|(66,340(||(66340(|
|Net current|assets||139,181|14,S87|1632eg|127.680|24,agl|13A367|
|creditors fusing due after one year||9|(10,000)||I1D,ODOI|(15,0001||(15,0DD(|
||||2,167.,715|3,140,070|5,302,785|1,708826|2647960|A356786|
|The funds olthc dmrltyr|||||||||
|Expendable|endowment|10||3,140,070|3,140,070||2,647WD|2647,960|
|Unrestricted||10|2,162,715||2,162,715|1,708,826||1,70e&26|
||||2,162,715|3,140,070|5.302,785|1708826|7„647960|4356&766|
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|||||Tatal funds|Totalfunds|
|---|---|---|---|---|---|
|||||3921|ZOZO|
||||Note|6|6|
|Net cash used In aperathrg|actlvlffas|||138,555|N38826|
|Cash ffows from Investing|activities|||||
|Interest and dividends||||162,799|166,609|
|proceeds from sale ofInvestments
Purchase cfInvestments||||141,586|145,578|
|Net cash pnwhled
by investing
actlvkles||||||
|change
Inca* and cash cffulvalents||In the veer||l43,890)|105,722|
|Cash snd cash equivalents|brought forward|||218,707|112,965|
|Cash and cash effulvaknls|carded forward||12|274JI27|218707|
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|2.
Texetlan|2.
Texetlan|2.
Texetlan||||||
|---|---|---|---|---|---|---|---|
|The trust
is a registered
charity|||and isthus exempt from taxation||ofits income|and gains falling within Section 532ofthe|Income|
|Taxes Act 2007to the extent||that they are applied to its charitable|||objectives.|No tax charges have arisen
inthe charity.||
|||||||2021|2020|
|3.
Investment
income||||||8|E|
|UK listed investments||||||52,154|60,299|
|UK unlisted
investments||||||103,124|99,568|
|Non-UK listed investments||||||3,381|1,302|
|Interest and PID Income||||||4,140|5,440|
|||||||162799|166,609|
|||||||2021|2020|
|4.
Expenditure
on charitable|||activities|||E|E|
|Grants to institutions
(see|below)|||||||
|Arts and culture||||||37,000|25,000|
|Education
and training||||||1,500|2,500|
|Heritage,
conservation,
and the|||environment|||2,000|75,010|
|Medical research, treatment,||and care||||21,000|25,000|
|Relief ofpoverty||||||2,000|2,500|
|General||||||5,500|18,50D|
|||||||69,000|148,510|
|Governance
costs||||||||
|Accounts preparation
and|administration|||fee||3,300|2,784|
|Independent
examination|fee|||||1,380|1,392|
|Legal &professional
fees||||||300|216|
|Sank charges||||||16|24|
|||||||4,996|4,416|
|Total expenditure
on chadtable|||activities|||73,996|152,926|
|||||||2021|2020|
|Recipients ofinstitutional|grants||over E2,000:|||E|E|
|Avenues
Youth Project|||||||5,00D|
|Bath Preservation
Trust|||||||14,200|
|Breast Cancer Haven||||||5,000|5,000|
|Centre Stage Community
Theatre||||||3,000||
|Charlie Wailer MemorialTrust||||||5,000|5,000|
|Chest Heart &Stroke Scotland|||||||2,000|
|Feathers Association|||||||2,000|
|Fourth Feathers Youth & Community
Centre||||||25,000||
|Jasmine Foundation|||||||2,000|
|Kew Gardens Apprenticeship||-payable over two years|||||60,810|
|Langholm
Town Band||||||2,000||
|Langholm
Youth Rugby Club|||||||2,500|
|Little Angel Theatre||||||2,000||
|Carried down||||||42,000|98,510|
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|Notes to the financial||statements||||||
|---|---|---|---|---|---|---|---|
|for the year to 5Aprg 2021||||||||
|4.
Expenditure
on charitable||activities (continued)||||||
|||||||2021|2020|
|Recipients ofinstitutional
grants over f2,000(continued):||||||f.|6|
|grouphr
down||||||42,000|98,510|
|Mental Health Foundation|||||||2,000|
|Opera Holland
Park - payable over five years|||||||25,000|
|Place2be||||||2,500||
|Queen Elizabeth's
Foundation|for Disabled People|||||5,000||
|Shivia||||||2,000||
|Stevenson
Trust|||||||2,500|
|The Buccleuch Centre||||||5,000||
|UK Sepsis Trust|||||||2,500|
|Keel Youth Trust|||||||2,500|
|Other grants under 62,000||||||12,500|15,500|
|||||||69,000|148,510|
|All grants
in the period were made to registered|||UKcharities.|||||
|||||||2021|2020|
|5.
Costs ofgenerating
funds||||||6|6|
|Investment
management
fees||||||4,168|4,161|
|6.
Fixed assets - investments||||||||
|2021movement
in Reed asset||Investments:||Listed|Unlisted||Total|
|||||investments|investments||2021|
|Unrestricted
funds||||6||6|6|
|Opening market value brought||forward||1,161,878|432,368||1,594,246|
|Additions||||209,720|||209,720|
|Disposal proceeds||||(141,586)|||(141,586)|
|Add net realised
and unrealised||gains / (losses)||346,828||22,426|369,254|
|Closing market value||||1,576,840|454,794||2,031,634|
|Expendable
endowment
funds||||||||
|Opening market value brought||fonv ard||1,594,401|1,028,872||2,623,273|
|Additions||||||||
|Disposal proceeds||||||||
|Add net unrealised
gains / (losses)||||455,364||36,746|492,110|
|Closing market value||||2,049,765|1,065,618||3,115,383|
|Total market values at 5April 2021||||3626605|DD|D||
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|Notes to the financial|Notes to the financial|state|ments||||
|---|---|---|---|---|---|---|
|for the year to5April 2021|||||||
|6.
Fixed assets - investments||(contlnuedi|||||
|2020 movement
in fixed|asset|investments:||l.isted|UnlIsted|Total|
|||||investments|investments|2020|
|Unrestricted
funds||||E|E|6|
|Opening market value brought||forward||1,485,432|422,869|1,908,302|
|Additions||||75,639||75,639|
|Disposal proceeds||||(145,578)||(245,578)|
|Add net realised and unreallsed||(lossesi|/ gains|(253,615)|9,499|(144,116)|
|Closing market value||||1,161,878|432,368|1,594,246|
|Expendable
endowment|funds||||||
|Opening
market value brought||forward||1,921,617|992127|2,913,744|
|Additions|||||||
|Disposal proceeds|||||||
|Add net unrealised
(losses|i/ gains|||(327,216)|36745|(290,471)|
|Closing market value||||1,594,401|1,028,872|2,623,273|
|Total market values at 5 April 2020||||2,756,279||4.117aa|
|||||Listed|Unlisted||
|||||rnvestments|investments|Total|
|Investments
atfair value|comprised:||||6|E|
|UK securities||||3,593,507|1,374,991|4,968,498|
|Non-UK securities||||33,098|145,421|178,519|
|||||3626605|412||
|Material investments
at 5April||2021|||Market||
||||||value|oftotal|
|||||||Investments|
|The Cayzer Trust Company|Limited||||1,374,991|26.7%|
|Caledonia
Investments
Pic|||||1,325,000|15.7%|
|SVSChurch House ESKFund|||||1,374,897|26.7%|
|||2021|2020|
|---|---|---|---|
|8.|Creditors falling due within one year|E|E|
|Accruals||5,949|5,392|
|Grants payable||5,000|60,945|
|Other|creditors|||
|||10,949|66,340|
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||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|
|9.
Creditors facing due after one|||year||||f||
|Grants payable|||||||10,000|15,000|
||||||General|Undistributed|Expendable|Total|
||||||fund|income fund|endowmentfund|funds|
|10. The funds ofthe charity|||||f|f|f|f|
|Balance at 6April 2020|||||1,416,706|292,120|2,647,960|4,356,786|
|Incoming resources||||||162,799||162,799|
|Resources expended||||||(78,164)||(78,164)|
|Net movement
on investment|assets||||369,254||492,110|861,364|
|Balance at 5 April 2021|||||1,785,960|376,7)5|3,140,070|5302 785|
||||||General|Undistributed|Expendable|Total|
||||||fund|income fund|endowment
fund|funds|
||||||f|E|f|f|
|Balance at 6April 2019|||||1,660,822|282,598|2,938,431|4,881,851|
|Incoming resources||||||166,609||166,609|
|Resources expended||||||(157,087)||(157,087)|
|Net movement
on investment|assets||||(244,11.6)||(290,471)|(534,587)|
|Balance at 5April 2020|||||1,416,706|292,120|2,647,960|4,356,786|
|11. Reconciliation ofnet movement
to net cash flow from operating|||in funds
activities||||2021f|2020
f|
|Net movement
In funds|||||||945,999|(525,065)|
|Deduct investment
income shown||in|investing|activities|||(162,799)|(166,609)|
|Deduct gains / add losses on investments|||||||(861,364)|534,587|
|Decrease in debtors||||||||682|
|(Decrease) / increase in creditors|||||||(60,391)|25,579|
||||||||(138,555)|(130,826)|
||||||||Cash|Cash|
|12.
Reconciliation ofnet debt|||||||2021f|2020
f|
|At 6April|||||||218,707|112,985|
|Cash flows for the year|||||||(43,890)|105,722|
|At 5April|||||||174,817|218,707|
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