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2020-12-31-accounts

Page
Annual
Report ofthe Trustees		 1-6
Report ofthe Independent
Examiner
Statement
of Financial
Activities
Balance Sheet
Notes to the Financial Statements 10 - 14
Schedule of Investments
8 Income		 15-16

REFEREN CE AND ADMI CE AND ADMI NISTRATIVE DETAILS
UK Charity Registration Number: 289196
Registered Office: Britwell Priors, Longparish,
Nr. Andover
Hampshire
SP116QR
Trustees: Lady Rosemary
Violet Tennant
(Chairperson)
Christopher
Sebastian Tennant
Independent Examiner: Christopher J Hawley
FCA
Rawlinson
8
Hunter
LLP,
Eighth
Floor, 6 New		 Street
Square,
London EC4A 3AQ
Accountants: Rawlinson
& Hunter
LLP
Eighth Floor, 6 New Street Square, London EC4A		 3AQ
Investment Manager and Custodian: SG Kleinwort
Hambros
8St James's Square, London SW1Y4JU
Principal Bankers: Bank of Scotland,
London Chief Office (120103)
33Old Broad Street, London BX21LB
Solicitors: Boodle Hatfield
LLP
240 Blackfriars Road, London SE1 8NW
HM Revenue & Customs: HMRC Charities
Self Assessment
ref —7574375239
Repayment
claims ref- EW20153

Unrestricted Expendable Total Total
Note Fund Endowment 2020 2019
E E E E
Income and endowments from:
Investments 2 29,182 29,182 39,765
Total income and endowments 29,182 29,182 39,765
Expenditure
on:
Charitable
activities
Cost of raising funds		 3
5		 50,430
12,698		 50,430
12,698		 38,210
13,010
Total expenditure 63,128 63,128 51,220
Net (expenditure)
before		 net
gains/(losses)
on investment		 assets (33,946) (33,946) (11,455)
Net gains/(losses)
investment		 assets 6 52,094 52,094 233,218
Net income/(expenditure) (33,946) 52,094 18,148 221,763
Transfers
between funds		 33,946 (33,946)
Net movement
in funds		 18,148 18,148 221,763
Reconciliation
offunds:
Total funds brought
forward		 at 1 January 2020 1,913,581 1,913,581 1,691,818
Total funds carried forward
at 31 December 2020 E1,931,729 81,931,729 81,913,581

AT 31 DECEMBER 2020 DECEMBER 2020
Note 2020 2019
Fixed Assets
Investments
at market value		 1,846,189 1,825,866
Current Assets
Cash deposits
held		 7 94,210 96,600
Current
Liabilities
Creditors:
amounts		 falling due within one
year 8 (8,670) (8,885)
Net Current Assets 85,540 87,715
Total Net Assets F1,931,729 E1,913,581
Charity Funds
Expendable
Endowment		 1,931,729 1,913,581
Unrestricted
Fund
Total Charity Funds E1,931,729 E1,913,581

Going Concern
The financial statements
have been prepared
on a
no material
uncertainties
exist. The Trustees
have		 going concern basis
considered
the level		 as
of		 the Trustees believe that
funds
held and the level
of income and expenditure
12 months
from authorising
these financial
statements.
The
income and expenditure
is sufficient
with the level of reserves for the charity to be able		 anticipated
to continue
as a going concern.
The
Covid-19
pandemic
has
created
significant		 operational and
financial		 pressures. Having
considered
the
contingency
plans
in place,
the support
to
Government
and having
reviewed
updated cashflow forecasts,		 businesses
the trustees		 announced
consider the		 by the
UK
adoption
of
the going concern basis
in preparing
these financial		 statements continues to be appropriate.
Page 2020 2019
E F
2. INVESTMENT INCOME
Income from UK quoted equities
Income from foreign quoted
equities
Income from foreign quoted
unit trusts (interest)		 16,599
10,058
3,269		 23,871
7,759
8,135
16 29,926 39,765
Less: overstated
income from UK quoted equities		 in prior year (744)
Total investment
income		 8 E 29,182 E 39,765
3. CHARITABLE ACTIVITIES
Analysis of charitable
grants made:
Glyndebourne
Productions
Limited
StGeorge's Hospital
National
Gallery Trust (George Beaumont
Group)
Help Musicians
UK (Coronavirus
Hardship
Fund)
Newbury
Festival Society Ltd
Royal Academy ofArts
St Nicholas'
Church,
Longparish
The Passage
University
ofSouthampton
(Coronavirus
Response
Alzheimer's
Research
UK		 Fund) 10,000
5,000
2,500
2,000
2,000
2,000
2,000
2,000
2,000
1,000		 2,500
1,000
1,000
2,000
2,000
1,000
1,000
Canine Partners 1,000 1,000
Cornbat Stress 1,000 1,000
Countess of Brecknock Hospice Trust 1,000 1,000
Countryside
Alliance
Foundation
Gurkha Welfare Trust		 1,000
1,000		 1,000
Hampshire
Medical Fund
King Edward
Vll's Hospital
McNicol Ballet Collective		 1,000
1,000
1,000		 1,000
1,000
1,000

Page 2020 2019
CHARITABLE ACTIVITIES (continued) E
National
Horseracing
Museum
StJames' Church, Woodcott		 1,000
1,000		 1,000
1,000
Racing Welfare
Wardour
Chapel Trust		 1,000
1,000		 1,000
Whitchurch
Silk Mill		 1,000
Longparish
Community
Association
Horatio's Garden
(Spinal
Injury Unit)		 5,000
2,000
Salisbury
District Hospital's
Charity (Stars Appeal)
The Foundling
Museum
East Sussex Healthcare
NHS Trust (Pevensy
Unit Fund)		 2,000
2,000
50
Total charitable
grants made		 43,500 31,550
Support costs (note 4) 12 600 600
Governance
costs (note 4)		 12 6,330 6,060
Total charitable
activities		 8 E 50,430 8 38,210
GOVERNANCE
AND SUPPORT COSTS
Support costs:
Secretarial
administration
(note 3)		 12 E 600 8 600
Governance costs:
Accountancy
fees
-2020 accounts 3,990
-administration/compliance
-2019accounts (underprovision)
-2018accounts		 1,230
210		 780
3,990
390
Total accountancy
fees		 5,430 5,160
Independent
examination
fees
-2020 accounts
-2019accounts (overprovision)
-2018accounts (overprovision)		 1,080
(180)		 1,080
(180)
Total governance
costs (note 3)		 12 L 6,330 6 6,060

Page 2020 2019
5. COST OF RAISING FUNDS E
Investment
management
fees		 12,698 13,010
Total cost ofraising funds 8 E 12,698 F 13,010
FIXEDASSET INVESTMENTS
Investments
at market value comprise:
Quoted investments
within the United
Kingdom
Quoted investments
outside the United
Kingdom		 605,520
1,240,669		 704,860
1,121,006
Total investment
assets		 16 81,846,189 61,825,866
See pages 15 - 16for a complete
list of		 the charity investments.
Quoted investments
Market value at 1 January 2020
Additions
at book cost		 1,825,866
409,246		 1,627,042
679,616
Sale proceeds
Net realised (losses)/gains
on disposals
Nel unrealised
(losses)/gains
on revaluation		 16
16		 (441,017)
(35,033)
87,127		 (714,010)
69,046
164,172
Market value at 31 December 2020 9 61,846,189 F1,825,866
Historical cost at 31 December 2020 F1,580,137 F1,594,192
Net gains on investment
assets
Net realised gains/(losses)
on disposals
Net unrealised
gains/(losses)
on revaluation		 (35,033)
87,127		 69,046
164,172
Total net (losses)/gains
on investment		 assets 8 F 52,094 L' 233,218
7. CASH DEPOSITS HELD
Bank ofScotland - current account 15,614 30,921
Kleinwort
Hambros
capital account
income account		 73,381
5,215		 60,513
5,166
9 F 94,210 E 96,600

Page Page 2020 2020 2019
f
8. CREDITORS - amounts falling due within one year
Accountancy fees 3,990 3,990
Investment management fees 3,000 3,215
Independent examiner fees 1,080 1,080
Administration fees 600 600
9 6 8,670 E
8,885
Balance at Balance at
1 January Gains/ Fund 31December
9. FUND RECONCILIATION 2020
E		 Income
E		 Expenditure
f		 (losses)
E		 Transfers
E		 2020
f
Unrestricted Funds 29,182 (63,128) 33,946
Expendable endowment 1,913,581 52,094 (33,946) 1,931,729
Total Funds f1,913,581 E 29,182 F (63,128) E 52,094 E - E1,931,729
10. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Expendable Total Total
Unrestricted Endowment 2020 2019
E K
Investments 1,846,189 1,846,189 1,825,866
Cash 94,210 94,210 96,600
Creditors
Total Funds		 (8,670) (8,670) (8,885)
L1,931,729 F1,931,729 L'1,913,581
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