2021-03-31-accounts - Sparquote Limited

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				PAGES
Trustees' annual report (incorporating		the director's report)		1to 4
Independent	auditor's report to the members			5 tug
Consolidated	statement offinancial activities (including		the
consolidated	income and expenditure	account)
Consolidated	balance sheet			10
Charity balance sheet
Consolidated	statement ofcash flows			12
Notes to the	financial statements			13to 24

			2021		2020
		Note	Unrestricted 8	Funds	Unrestricted I	Funds
Income and endowments Donations and legacies Investment income				70,000 973,084		270,000 877,195
Total income				1,043,084		1,147,195
Expenditure
Expenditure on raising funds: Investment management costs Expenditure on charitable activities Taxation		7 8,9	(372,494) (183,614) (287)		(333,736) (322,225) (286)
Total expenditure				(556,395)		(656,247)
Net losses on investments:
Loss on revaluation ofinvestment property				(206,385)		(]24,250)
Net income and net movement funds	in	14		280,304		366,698
Reconciliation offunds: Total funds brought forward				17,698,081		17,331,383
Total funds carried forward		22		17,978,385		17,698,081

			2021	2020
		Note
FIXED ASSETS Investments		15	21,828,406		22,034,791
CURRENT ASSETS Stock Debtors Cash at bank and in hand		16 17 18	3,092,376 125,692 74,324	2,949,119 114,706 97,866
			3,292,392	3,161,691
CREDITORS: amounts one year	falling due within	19	(600,965)	(770,756)
NET CURRENT ASSETS			2,691,427		2,390,935
TOTAL ASSETSLESS CURRENT LIABILITIES			24,519,833		24,425,726
CREDITORS: amounts more than one year	falling due after	20	(6,541,448)		(6,727,645)
NET ASSETS			17,978 385		17,698,081
FUNDS OFTHE CHARITY Unrestricted funds		22	17,978,385		17,698,081
Total charity funds			17,978,385		17,698,081

			2021	2020
			8
FIXEDASSETS Investments		15	21,836,464	22,040,491
CURRENT ASSETS
Debtors		17	3,423,229	3,068,026
Cash at bank and in hand			6&,890	91,678
			3,492,119	3,159,704
CREDITORS: amounts within one year	falling due	19	(581,446)	(731,291)
NET CURRENT LIABILITIES			2,910,673	2,428,413
TOTAL ASSETSLESS LIABILITIES	CURRENT		24,747,137	24,468,904
CREDITORS: amounts after more than one year	falling due	20	(6,541,448)	(6,727,645)
NET ASSETS			18,205,689	17,741359
FUNDS OFTHE CHARITY Unrestricted funds			18,205,689	17,741,259
Total charity funds		22	18,205,689	17,741,259

FORTH	EYEAR ENDED 31 C	H202
		Note	2021	2020
			8
CASH FLOWS FROM OPERATING Net income	ACTIVITIES		280,304	366,698
Adjustments for: Net losses on investments Dividends, interest and rents from investments Taxation Accrued expenses/(income) Payments for expenditure on invesnnent properties Interest payable and similar charges			206,385 (973,084) 287 2,399 77,395 295,099	124,250 (877,195) 5,153 104,688 229,048
Cash generated from operations			(111,215)	(47,358)
Taxation			(287)
Net cash used in operating activities			(111,502)	(47,358)
CASH FLOWS FROM INVESTING ACTIVITIES Dividends, interest and rents from investments Purchases ofstock Purchases ofother investments Payments for expenditure on investment properties			979,854 (143257) (91,079)	884,127 (2 949 119) (1,767,000) (104,688)
Changes in: Other debtors Other creditors			(14,340) (196,590)	(23,494) 16,249
Net cash from investing activities			534,588	(3,943,925)
CASH FLOWS FROM FINANCING Repayments ofborrowings Interest paid	ACTIVITIES		(174,621) (269,208)	(705,732) (229,048)
Net cash generated / (used) in financing	activities		(443,1129)	(934,780)
NET INCREASE /(DECREASE) IN CASH EQUIVALENTS CASH AND CASH EQUIVALENTS	CASH AND AT BEGINNING OFYEAR		(20,743) 95,067	(4,926,063) 5,021,130
CASH AND CASH EQUIVALENTS	AT END OFYEAR	18	74,324	95,067

DONATI	ONS AND LEGACIES
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
				8
DONATIONS
Donations	received	70,000	70,000	270,000	270,000
INVESTMENT INCOME
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
Property	revenue	973,084	973,084	877,195	877,195
		973,084	973,084	877,195	877,195

		Unrestricted	Funds
		2021	2020
Investment property Interest payable and	outgoings similar charges	77,395 295,099	104,688 229,048
		372,494	333,736

EXPEN	DITURE ON CHA	RITABLE ACTIVITIES B	YFUND TYP	E
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
			g
Grants Support	paid costs	167,420 16,194	167,420 16)194	296,444 25,781	296,444 25,781
		183,614	183,614	322,225	322,225

EXPENDIT	URE ON CHARIT	ABLE ACTIVITIES BY	ACTIVITY	TYPE
		Grant
		funding of	Support	Total Funds	Total Funds
		activities	costs	2021	2020
Grants paid Governance	costs	167,420	16,194	167,420 16,194	296,444 25,781
		167,420	16,194	183,614	322,225

		Shares in
	In vest m ent	group
Charity	properties	undertakings	Total
Fair value At 1 April 2020 Revaluations	22,034,791 (206,385)	5,700 2,358	22,040,491 (204,027)
At 31March 2021	21,828 486	8,668	21,836,464

the basis that the assumptions upon which they are based may p Shares in group undertakings	rove to be inaccur	ate.
		Percentage of
	Class ofshare	shares held
Haneveim Limited (Company No. 05559067) Berkeley House Edgware Limited (Company No. 11229015) 65 London Road Limited (Company No. 12246587)	Ordinary Ordinary Ordinary	100 100 100

			Capital and	reserves	Profit/(loss)	for the year
			2021	2020	2021	2020
					8
Haneveim	Limited		100	100
Berkeley	House Edgware	Limited	10,258	5,532	45,726	39,721

follows:
		Berkeley
		House	65 London
	Haneveim	Edgw are	Road
	Limited	Limited	Limited
Current assets Current liabilities Non-Current liabilities	100	60,545 (50,287)	3,322,863 (18,779) (3,306,384)
Net assets/(liabilities)	100	10,258	(2,300)

DEBTORS
	Group 2021	2020	Charity 2021	2020
				E
Trade debtors Amounts owed by group undertakings Other debtors	74,056 51,636	57,275 57,431	66,799 3,306,384 50,046	54,271 2,960,355 53,400
	125,692	114,706	3,423,229	3,068,026

		2021	2020
Cash Bank	at bank and in hand overdrafts	74,324	97,866 (2,799)
		74324	95 067

		Group		Charity
		2021	2020	2021	2020
Bank loans and overdrafts Trade creditors Accruals and deferred income		226,758 16,570 92,447	217,981 37,199 74,425	226,758 292 89,393	215,182 533 74,611
Taxation Other creditors		287 264,903	286 440,865	265,003	440,965
		600,965	770,756	581,446	731,291
Other creditors are comprised	as follows;
		Group		Charity
		2021	2020	2021	2020
Loan creditors Other creditors		221,450 43,453	396,450 44,415	221,450 43,553	396,450 44,515
		264,903	440,865	265,003	440,965

CRE	DITO	RS:	amounts falling due	after more than one ye	ar
				Group		Charity
				2021	2020	2021	2020
Bank	loans	and	overdrafts	6,541,448	6,727,645	6,541,448	6,727,645

DEFERRED IN	COME
		2021
At 1 April 2020 Amount released Amount deferred	to income in year	28,284 (28,284) 34,214
At 31March 2021		34,214

Group		At I April 2020	Income 8	Expenditure	Gains and losses	At 31March 2021
General	funds	17,698,081	1,043,084	(556,395)	(206,385)	17,978,385
Charity		At 1April 2020	Income	Expenditure	Gains and losses	At 31March 2021
		f.		E
General	funds	17,741,259	1,217,571	(549,114)	(204,027)	18,205,689

		Group	Group	Charity	Charity
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2021
		8
Investments Current assets Creditors less than 1 Creditors greater than	year 1year	21,828,406 3,292,392 (600,965) (6,541,448)	21,828,406 3,292,392 (600,965) (6,541)448)	21,836,464 3,492,119 (581,446) (6,541,448)	21,836,464 3,492,119 (581,446) (6,541,448)
Net assets		17,978,385	17,978,385	18,205,689	18,205,689

The carrying am	ount fo	r each	category	offinancial instrument	is as follows	;
				Group		Charity
				2021	2020	2021	2020
Financial assets	measured at		fair
value through expenditure	income	and				8,058	5,700
Financial assets	that are	debt
instruments measured amortised cost		at		125,692	114,706	3,423,229	3,068,026
Financial liabilities measured amortised cost			at	7,142,413	7,498,401	7,122,894	7,458,936

The total follows:	futur	e minimum lease payment	s receivable under	non-cancella	ble operating lease are as	ble operating lease are as
			Group		Charity
			2021	2020	2021	2020
						8
Not later than		1 year	787,000	696,000	752,000	674,000
Later than 5 years Later than	I year and not later than 5 years		931,000 271,000	1,341,000 80,000	2,472,000 11,359,000	2,135,000 9,844,000
			1,989,000	2,117,000	14,583,000	12,653,000

				2021		2020
				Unrestricted	Funds	Unrestricted	Funds
				8	8
Income and endowments
Donations and legacies					111,000		309,661
Investment income:
Rent and charges receivable Interest receivable and similar			income	923,317 183,254		831,828 45,396
					1,106,571		877,224
Total income					1,217,571		1,186,885
Expenditure
Expenditure on raising funds:
Investment management		costs		(370,164)		(332,844)
Expenditure on charitable	activities			(178,950)		(319,943)
Total expenditure					(549,114)		(652,787)
Net losses on investments:
Loss on revaluation of	investments			(204,027)		(118,751)
					(204,027)		(118,751)
Net income and net movement			in funds		464,430		415,347
Reconciliation offunds:
Total funds brought forward					17,741,259		17,325,912
Total funds carried forward					18,205,689		17,741,259