2021-07-31-accounts

CONTENTS	Page
Referenceandadministrativedetails
ReportoftheTrustee
IndependentAuditor'sreporttotheTrusteeoftheQuintinHoggMemorialFund
Statementoffinancialactivities
Balancesheet
Statementofcashflows	14
Notestotheaccounts	16

		2021	2020
		£	£
	Note
INCOMEFROM:
Charitableactivities	5	160,777	164,996
Investmentincome	6	20,863	27,834
TOTALINCOME		181,640	192,830
EXPENDITUREON:
RaisingFunds	7	3,722	3,997
Charitableactivities	8	286,477	384,180
TOTALEXPENDITURE		290,199	388,177
NET(EXPENDITURE)BEFORE
GAIN/LOSSONINVESTMENTS		108,559)	(195,347)
Netgains/(losses)oninvestments	11	107,281	(38,160)
NETMOVEMENTINFUNDS		(1,278)	(233,507)
RECONCILIATIONOFFUNDS
Totalfundsbroughtforward		3,501,905	3,735,412
TOTALFUNDSCARRIEDFORWARD	14	3,500,627	3,501,905

			2021			2020
	Note
FIXEDASSETS
Tangibleassets	10			1,759,847		1,803,010
Investments	11			1,264,230		1,137,139
				3,024,077		2,940,149
CURRENTASSETS
Debtors	12	4,538			86,987
Cashatbank		535,111			547,859
		539,649			634,846
LIABILITIES
Creditorsfallingduewithinoneyear	13	(63,099)			(73,090)
NETCURRENTASSETS				476,550		561,756
NETASSETS				3,500,627		3,501,905
FUNDS
Unrestrictedfunds	14			3,500,627		3,501,905
				3,500,627		3,501,905

STATEMENTOFCASHFLOWS YEARENDED31JULY2021	STATEMENTOFCASHFLOWS YEARENDED31JULY2021	STATEMENTOFCASHFLOWS YEARENDED31JULY2021
		2021		2020
		£
Cashflowsfromoperatingactivities		(13,799)		(126,549)
Cashflowsfrominvestingactivities Interestandinvestmentincome Proceedsfromsaleofinvestments Purchaseofinvestments		20,862 152,956 (145,699)	27,834 261,245 (124,858)
Cashprovidedby(usedin)investingactivities		28,119		164,221
Cashflowsfromfinancingactivities
Increase(decrease)incashandcashequivalentsin theyear		14,320		37,672
Cashandcashequivalentsatthebeginning year	ofthe	944,245		906,573
Totalcashandcashequivalentsattheend	oftheyear	958,565		944,245
Notestothecashflowstatement
ReconciliationofNetExpendituretoNet	Cash Flowfrom
OperatingActivities		2021		2020
Netmovementinfundsfortheyear Interestandinvestmentincomereceivable Depreciationandamortisation (Gains)/Lossoninvestments Decrease/(increase)indebtors Decreaseincreditors		£ (1,278) (20,863) 43,163 (107,281) 82,450 (9,990)		£ (233,507) (27,834) 43,163 38,160 56,496 (3,027)
Netcashoutflowfromoperatingactivities		(13,799)		(126,549)
AnalysisofCashandCashEquivalents		2021		2020
Cashatbankandinhand		535,111		547,859
Cashheldbyinvestmentmanagers		423,454		396,386
Totalcashandcashequivalentsattheend	oftheyear	958,565		944,245

		01Aug2020	Cashflows	31Jul2021
Cash	atbankandinhand	547,859	(12,748)	535,111
Cash	heldbyinvestmentmanagers	396,386	27,068	423,454
Cash		944,245	14,320	958,565

	FixedAssetinvestments	FixedAssetinvestments	FixedAssetinvestments	FixedAssetinvestments	FixedAssetinvestments
	ThemainformoffinancialriskfacedbytheFund isthatofvolatility inequitymarketsandinvestment marketsduetowidereconomicconditions,theattitudeofinvestorstoinvestmentrisk,andchangesinthe market'sdispositiontowardsequitieswithinparticularsectorsorsub-sectors.Fixedassetinvestmentsare heldatvaluationandbothrealisedandunrealisedgainsaretakentothestatementoffinancialactivities.
5.	INCOMEFROMCHARITABLEACTIVITIES
		2021			2020
		£			£
	Rentreceivable	160,777			164,996
		160,777			164,996
6.	INVESTMENTINCOME
		2021			2020
		£			£
	Dividends- equities			10,283	13,264
	Interest- fixedinterestsecurities			10,532	13,459
	Interestoncashdeposits			48	1,111
				20,863	27,834
7.	FUNDRAISINGCOSTS
		2021			2020
			£		£
	InvestecWealth& InvestmentLimited			3,722	3,997
				3,722	3,997

	2021	2020
	£	£
Legalandprofessionalfees	45,455	57,846
Salaries	7,169		-
ITSoftware	3,210		-
Insurance	-	5,091
Boathouserunningcosts	4,038	1,527
Boathouserepairs	59,610	174,067
Boathouseredevelopment	117,039	89,270
Grantsawarded	4	1,000
Depreciation	43,163	43,163
Bankcharges	95	64
GOVERNANCECOSTS
Trusteemeetings AuditFees Othergovernancecosts	38 6,660 -	731 7,520 3,900
	286,477	384,179

	Freeholdlandand
	buildings
Cost	£
Asat1 August2020	2,585,621
Asat31July2021	2,585,621
Depreciation
Asat1 August2020 Chargefortheperiod	782,611 43,163
Asat31July2021	825,774
Netbookvalue
Asat31July2021 Asat31July2020	1,759,847 1,803,010

	2021	2020
	£	£
Marketvalueat1 August2020	1,137,139	1,149,150
Acquisitionsatcost	145,698	124,858
Disposalproceeds	(152,957)	(261,245)
Movementoncash	27,069	162,536
Revaluationgains	107,281	(38,160)
Marketvalueat31July2021	1,264,230	1,137,139

	2021	2020
	£	£
Fixedinterestsecurities Equities Alternativeassets- property Cash	264,851 495,321 80,604 423,454	266,273 402,990 71,490 396,386
	1,264,230	1,137,139
DEBTORS
	2021	2020
	£	£
Accountsreceivable VATduefromHMRC QuintinHoggTrust Prepayments& accruedincome	“ - - 4,538	11,325 61,852 6,555 7.255
	4,538	86,987
CREDITORSANDDEFERREDINCOME:	AMOUNTS	FALLINGDUEWITH
	2021	2020
	£	£
Accountspayable	2,495	43,663
QuintinHoggTrust	9,686	-
UniversityofWestminster- rent receivedinadvance	12,828	12,828
Taxationandsocialsecurity	21,031	-
Otheraccrualsanddeferredincome	17,059 63,099	16,599 73,090

UNRESTRICTEDFUNDS 2020-21
	Balanceat			Gainsand	Balanceat
	01Aug	Income	Expenditure	losis	31Jul
	2020				2021
	£	£	£	£	£
GeneralFunds	3,501,905	181,640	(290,199)	107,281	3,500,627
	3,501,905	181,640	(290,199)	107,281	3,500,627
UNRESTRICTEDFUNDS
2019-20
	Balanceat			i	Balanceat
	1Aug	Income	Expenditure	Gainsoy	31Jul
	2019				2020
	£	£	£	£	£
GeneralFunds	3,735,412	192,830	(388,177)	(38,160)	3,501,905
	3,735,412	192,830	(388,177)	(38,160)	3,501,905

	2021 £	2020 £
Receivablewithin:
Oneyear Twotofiveyears Greaterthanfiveyears	148,908 518,125 3,733,722	148,264 575,556 3,834,244
	4,400,755	4,558,064

andthereforecommoncontrolexists.Thematerialtran yearareasfollows:	sactionsbetweenQH	TandQHMFdu
	2021	2020
	£	£
Transactionsduringtheyear: IncomefromQHTforChiswickdevelopmentcosts	43,104	67,699
Expenditurefromdevelopmentcostsrechargedto QHMF Expenditureondisbursements ExpenditureonQHMF'selementofsharedcosts	(660) - (23,563)	(65,032) (9,994) (24,671)
Totalduringtheyear	18,881	(31,998)
AmountsduetoQuintinHoggMemorialFund:
AmountsduetoQuintinHoggTrust: Accounts payable* AmountsincurredbyQHTbutrelatingtoQHMF	8,250 1,436	(6,555) 2,723

17.	FINANCIALINSTRUMENTS
		2021	2020
		£	E
	Financialassetsmeasuredatfairvalue Investments	840,775	740,753