# ## ## ||| |---|---| |`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`| ##