| Trustees: | D M Spofforth | OBE | Chairman | |||||
|---|---|---|---|---|---|---|---|---|
| M I Birrell |
||||||||
| J E MacCabe | ||||||||
| M A Muirhead | ||||||||
| Dr DJ Giachardi | ||||||||
| B M Maunders | Appointed | 2 | February 2022 | |||||
| G W Haines MBE | Resigned 2 | February 2022 | ||||||
| Dr H G Davies | Resigned 2 | February 2022 | ||||||
| C R Freedman | ||||||||
| D W Chitty | Appointed | 2 | February 2021 | |||||
| H D Moss | Appointed | 2" February 2021 | ||||||
| K R Pinker | Resigned 2 | February 2021 | ||||||
| A M Price | Appointed | 2 | February 2022 | |||||
| Secretary | to the Trustees: | R KJoyce | ||||||
| Charity Number. | 292204 | |||||||
| Independent | Examiner: | Adam Halsey |
FCA | |||||
| Haysmacintyre | LLP | |||||||
| 10Queen Street Place | ||||||||
| London | ||||||||
| EC4R 1AG | ||||||||
| Charity Address: | 7 Seaton Road | |||||||
| Wigston | ||||||||
| Leicestershire | ||||||||
| LE182BY | ||||||||
| Investment | Advisors: | Rathbone Investment |
Management | Ltd | ||||
| 8 Finsbury Circus |
||||||||
| London EC2M |
7AZ | |||||||
| Charles Stanley | fk Co | Ltd | ||||||
| 55 Bishopsgate | ||||||||
| London EC2N |
3AS | |||||||
| Principal | Banker. | C Hoare 8.Co. | ||||||
| 37 Fleet Street | ||||||||
| London | ||||||||
| EC4P4DQ |
| THE H R |
NE CHARITY |
F ND |
|||||||
|---|---|---|---|---|---|---|---|---|---|
| STATEMENT | OF FINANCIAL | ACllVITIES | |||||||
| FOR THE YEAR ENDED 31 DECEMBER 2021 |
|||||||||
| Unrestricted | Designated | Restricted | Permanent | Total | Total | ||||
| Funds | Funds | Funds | Endowment | 2021 | 2020 | ||||
| Notes | |||||||||
| ~IN QME | |||||||||
| Income from investments | 15,952 | 42,805 | 30,238 | 88,996 | 86,799 | ||||
| Donations | 93,576 | 2,439 | 1,400 | 97,414 | 36,715 | ||||
| Fundraising | 2,880 | 2,880 | 30,008 | ||||||
| TOTAL INCOME | 112,408 | 45,244 | 31,638 | 189,290 | 153,522 | ||||
| EXPENDITURE | |||||||||
| Investment Management |
Costs | (4,773) | (13,019) | (9,781) | (27,573) | (24,177) | |||
| Charitable Grants |
(44,230) | (39,511) | (48,249) | (131,990) | (237,771) | ||||
| Support &Governance | Costs | (4,151) | (1,081) | (2) | (5,234) | (2,405) | |||
| TOTAL EXPENDITURE | (53,154) | (53,611) | (48,251) | (9,781) | (164,796) | (264,354) | |||
| Net gains/(losses) | 76,218 | 200,214 | 14,257 | 82,427 | 373,116 | (56,994) | |||
| on Investments | |||||||||
| NET INCOME/(EXPENDITURE) | 135,472 | 191,847 | (2,356) | 72,646 | 397,610 | (167,825) | |||
| Transfer Between | Funds | (4,000) | 4,000 | ||||||
| NET MOVEMENT | IN FUNDS | 135,472 | 187,847 | 1,644 | 72,646 | 397,610 | (167,825) | ||
| FUND BALANCES | |||||||||
| Brought Forward | - 1 | January 2021 | 598,439 | 1,657,152 | 276,697 | 921,135 | 3,453,422 | 3,621,247 | |
| Carried Forward - 31 | December 2021 | 733,910 | 1,844,999 | 278,342 | 993,781 | 3,851,031 | 3,453,422 |
| FORTHE YEAR | ENDED 31 DECEMBER |
2021 | |||
|---|---|---|---|---|---|
| NOTES | 2021 | 2021 | 2020 | 2020 | |
| f | f | f | f | ||
| FIXEDASSETS | |||||
| Investments | 3,668,333 | 3,321,359 | |||
| CURRENT ASSETS | |||||
| Cash at Bank and in Hand | 160,374 | 124,100 | |||
| Debtors | 24,724 | 12,992 | |||
| TOTAL CURRENT ASSETS | 185,098 | 137,093 | |||
| CURRENT LIABILITIES | |||||
| Amounts falling due |
|||||
| within one year | (2,400) | (5,030) | |||
| NET CURRENT ASSETS | 182,698 | 132,063 | |||
| NET ASSETS | 3,851,031 | 3,453,422 | |||
| FUNDS | |||||
| Permanent Endowment |
993,781 | 921,135 | |||
| Restricted | 278,342 | 276,697 | |||
| Designated | 1,844,999 | 1,657,152 | |||
| Unrestricted | 733,910 | 598,439 | |||
| 3,851,031 | 3,453,422 |
| 2 | Expenditure on Charitable |
Expenditure on Charitable |
Activities | Unrestricted | Designated | Restricted | Total |
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2021 | ||||
| Grants from General | Funds | f | f | f | f | ||
| ToInstitutions | |||||||
| Honeypot Children's |
Charity | 5,000 | 5,000 | ||||
| Providence Row |
5,000 | 5,000 | |||||
| Tower Hamlets Mission |
5,000 | 5,000 | |||||
| React | 3,000 | 3,000 | |||||
| Spitalfields Farm |
5,000 | 5,000 | |||||
| No Going Back | 3,000 | 3,000 | |||||
| Bags ofTaste | 3,000 | 3,000 | |||||
| Maytree Respite | 3,000 | 3,000 | |||||
| The Respite Association | 3,000 | 3,000 | |||||
| 1349Woking ATC | 600 | 600 | |||||
| Salvation Army |
1,698 | 1,698 | |||||
| 27 Squadron | 1,183 | 1,183 | |||||
| Lord Mayor's Charity | 5,000 | 5,000 | |||||
| Blind in Business | 4,000 | 4,000 | |||||
| Others —up tof1,000 |
750 | 750 | |||||
| To Individuals | |||||||
| Bursa ries | 29,551 | 29,551 | |||||
| Book Prires | 1,000 | 1,000 | |||||
| Becker Scholarship | 5,000 | 5,000 | |||||
| 44,230 | 39,551 | 83,781 | |||||
| Grants from Educational | Funds | ||||||
| Science Gateways | 4,998 | 4,998 | |||||
| Livery Schools Showcase | 2,000 | 2,000 | |||||
| Royal Society ofBiology | 5,900 | 5,900 | |||||
| Ralph Anderson Lecture |
6,237 | 6,237 | |||||
| Plastics Historicai Society | 1,000 | 1,000 | |||||
| Fantastic Plastic | 3,000 | 3,000 | |||||
| Number Champions |
2,000 | 2,000 | |||||
| ASE BEST | 5,000 | 5,000 | |||||
| Career Zone | 5,000 | 5,000 | |||||
| Others - up tof1,000 | 325 | 325 | |||||
| 30,462 | 4,998 | 35,459 | |||||
| Awards | |||||||
| Design in Plastic |
5,000 | 5,000 | |||||
| lewellery | 2,750 | 2,750 | |||||
| To individuals -up tof1,000 |
4,049 | 950 | 4,999 | ||||
| 9,049 | 3,700 | 12,749 | |||||
| Total Expenditure | 44,230 | 39,511 | 48,249 | 131,990 | |||
| 3 | Support and Governance | Costs | |||||
| Independent Examiner's |
Fees | 1,000 | 1,000 | 2,000 | |||
| Bank Charges | 302 | 81 | 385 | ||||
| Legal Costs | 2,639 | 2,639 | |||||
| Others —up tof1,000 |
210 | 210 | |||||
| Total Expenditure | 4,151 | 1,081 | 5,234 |
| 4 | Expenditure on Charitable |
Expenditure on Charitable |
Expenditure on Charitable |
Activities | ||||
|---|---|---|---|---|---|---|---|---|
| Prior Year | Unrestricted | Designated | Restricted | Total | ||||
| Funds | Funds | Funds | 2020 | |||||
| Grants from General | Funds | f | f | f | f | |||
| ToInstitutions | ||||||||
| SANDS | 2,481 | 2,481 | ||||||
| Serious Trust | 30,527 | 30,527 | ||||||
| Lord Mayor's Charity | 5,000 | 5,000 | ||||||
| Honeypot Children's |
Charity | 5,000 | 5,000 | |||||
| Blind in Business | 4,000 | 4,000 | ||||||
| Providence Row |
5,000 | 5,000 | ||||||
| Tower Hamlets Mission |
5,000 | 5,000 | ||||||
| React | 3,000 | 3,000 | ||||||
| InterAct Stroke Support | 3,000 | 3,000 | ||||||
| Clapton Common Boys |
3,000 | 3,000 | ||||||
| Pembroke House |
3,000 | 3,000 | ||||||
| Great Ormond Street | Hospital | 1,500 | 1,500 | |||||
| Aldgate Primary School |
1,000 | 1,000 | ||||||
| Becket Pageant | 1,500 | 1,500 | ||||||
| Salvation Army |
1,720 | 1,720 | ||||||
| St Paul's Cathedral Foundation |
2,000 | 2,000 | ||||||
| Others - up tof1,000 | 1,838 | 1,838 | ||||||
| To Individuals | ||||||||
| Bursa ries | 37,177 | 37,177 | ||||||
| Book Prizes | 3,500 | 3,500 | ||||||
| Becker Scholarship | 5,000 | 5,000 | ||||||
| 74,566 | 49,677 | 124,243 | ||||||
| Grants from Educational | Funds | |||||||
| London Community Response |
25,000 | 25,000 | ||||||
| National Emergencies |
Trust | 25,000 | 25,000 | |||||
| Science Opens Doors | 7,100 | 7,100 | ||||||
| Polymer Studies Tours | 7,500 | 7,500 | ||||||
| Royal Society of Biology | 13,025 | 13,025 | ||||||
| York BEST | 21,576 | 21,576 | ||||||
| Fantastic Plastic | 1,000 | 1,000 | ||||||
| British Science Association | 10,000 | 10,000 | ||||||
| Others - up tof1,000 | 775 | 775 | ||||||
| 103,876 | 7,100 | 110,976 | ||||||
| Awards for Trophies | ||||||||
| To individuals -up to |
f1,000 | 800 | 1,752 | 2,552 | ||||
| Total Expenditure | 74,566 | 104,676 | 58,529 | 237,771 | ||||
| 5 | Support and Governance | Costs | ||||||
| Prior Year | ||||||||
| Independent Examiner's |
Fees | 1,080 | 1,080 | 2,160 | ||||
| Bank Charges | 233 | 7 | 245 | |||||
| Total Expenditure | 1,313 | 1,087 | 2,405 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| INVESTMENTS | E | E | |||
| Market Value | as | at 1 January 2021 | 3,321,359 | 3,418,593 | |
| Purchases | 506,301 | 386,468 | |||
| Sales | (512,644) | (417,714) | |||
| Revaluations 5realised | Gains | 380,890 | (41,811) | ||
| Management | Fees | (27,573) | (24,177) | ||
| Market Value | as | at31 | December 2021 | 3,668,333 | 3,321,359 |
| The Investments | held are in the following categories | ||||
| Cash | 62,099 | 100,476 | |||
| Fixed Interest | 494,710 | 605,533 | |||
| UK Equities | 1,419,656 | 1,122,402 | |||
| Oversea Equities | 1,202,087 | 1,021,557 | |||
| Alternative Asset |
Classes | 489,781 | 471,391 | ||
| 3,668,333 | 3,321,359 |
| Balance at | Balance at | Net | Movement | Balance at | ||
|---|---|---|---|---|---|---|
| 1 | January | Incoming/ | on | 31 December | ||
| 2021 | (outgoing) | Investments | 2021 | |||
| Resources | ||||||
| E | E | E | ||||
| Horners Charity Funds | 40,000 | 40,000 | ||||
| A E Lawrence | Will Fund | 881,135 | (9,781) | 82,427 | 953,781 | |
| 921,135 | (9,781) | 82,427 | 993,781 |
| Prior Year | Balance at | Net | Movement | Balance at | |
|---|---|---|---|---|---|
| 1' January | Incoming/ | on | 31 December | ||
| 2020 | (outgoing) | Investments | 2020 | ||
| Resources | |||||
| E | E | ||||
| Horners Charity Funds | 40,000 | 40,000 | |||
| A ELawrence | Will Fund | 876,812 | (8,808) | 13,131 | 881,135 |
| 916,812 | (8,808) | 13,131 | 921,135 |
| Balance at | Balance at | Net | Movement | Balance at | |||
|---|---|---|---|---|---|---|---|
| 1 | January | Incoming/ | on | 31 December | |||
| 2021 | (outgoing) | Investments | 2021 | ||||
| Resources | |||||||
| f | |||||||
| Plastics Industry | Education | Fund | 110,592 | (1,029) | 6,671 | 116,234 | |
| George Becker | Scholarship | 39,107 | (3,858) | 2,659 | 37,908 | ||
| Thomas Clarke | Charity | 10,189 | (3,712) | 744 | 7,221 | ||
| A E Lawrence Will Fund |
71,337 | 2,785 | 4,183 | 78,305 | |||
| D F Qxley Bequest | 42,800 | (7,200) | 0 | 35,600 | |||
| Science Opens | Doors | 2,672 | 402 | 0 | 3,074 | ||
| 276,697 | (12,612) | 14,257 | 278,342 | ||||
| RESTRICTED FUNDS | |||||||
| Prior Year | Balance at | Net | Movement | Balance at | |||
| 1 | January | Incoming/ | on | 31' December | |||
| 2020 | (outgoing) | Investments | 2020 | ||||
| Resources | |||||||
| f | |||||||
| Plastics Industry | Education | Fund | 117,596 | 1,637 | (8,641) | 110,592 | |
| George Becker | Scholarship | 45,772 | (3,440) | (3,225) | 39,107 | ||
| Thomas Clarke | Charity | 14,871 | (3,623) | (1,059) | 10,189 | ||
| A E Lawrence Will Fund |
70,547 | (8,685) | 9,475 | 71,337 | |||
| D FQxley Bequest | 50,000 | (7,200) | 0 | 42,800 | |||
| Science Opens | Doors | 2,774 | (102) | 0 | 2,672 | ||
| 301,560 | (21,413) | (3,450) | 276,697 |
| Current | Current | Inter | Total | ||||
|---|---|---|---|---|---|---|---|
| Investments | Assets | Liabilities | Fund | 2021 | |||
| f | f | f | |||||
| Permanent | Endowment | 993,781 | 0 | 993,781 | |||
| Restricted | 216,518 | 61,824 | 278,342 | ||||
| Designated | 1,836,340 | (1,000) | 9,659 | 1,844,999 | |||
| Unrestricted | 621,694 | 185,098 | (1,400) | (71,483) | 733,910 | ||
| Total Net Assets | 3,668,333 | 185,098 | (2,400) | (0) | 3,851,031 | ||
| ALLOCATION | OF NET ASSETS | Current | Current | inter | Total | ||
| Prior Year | Investments | Assets | Liabilities | Fund | 2020 | ||
| f | f | f | f | ||||
| Permanent | Endowment | 921,135 | 921,135 | ||||
| Restricted | 200,830 | 75,867 | 276,697 | ||||
| Designated | 1,649,145 | (900) | 8,907 | 1,657,152 | |||
| Unrestricted | 550,249 | 137,093 | (4,130) | (84,774) | 598,438 | ||
| Total Net Assets | 3,321,359 | 137,093 | (5,030) | 0 | 3,453,422 |
| 12 COMPARATIVE |
12 COMPARATIVE |
STATEMENT OF | FINANOAL ACTIVITIES | FINANOAL ACTIVITIES | |||
|---|---|---|---|---|---|---|---|
| Prior Year | Unrestricted | Designated | Restricted | Permanent | Total | ||
| Funds | Funds | Funds | Endowment | 2020 | |||
| Notes | |||||||
| INCOME | |||||||
| Income from investments | 15,476 | 41,202 | 30,121 | 86,799 | |||
| Donations | 34,119 | 2,596 | 36,715 | ||||
| FundRaising | 30,008 | 30,008 | |||||
| TOTAL INCOME | 79,603 | 43,798 | 30,121 | 153,522 | |||
| EXPENDITURE | |||||||
| Investment Management |
Costs | (4,393) | (10,976) | 0 | (8,808) | (24,177) | |
| Charitable Grants |
(74,566) | (104,676) | (58,529) | (237,771) | |||
| Support & Governance | Costs | (1,313) | (1,087) | (5) | (2,405) | ||
| TOTAL EXPENDITURE | (80,272) | (116,739) | (58,534) | (8,808) | (264,354) | ||
| Net gains/(losses) | (19,214) | (47,461) | (3,450) | 13,131 | (56,994) | ||
| on Investments | |||||||
| NET INCOME/(EXPENDITURE) | (19,883) | (120,402) | (31,863) | 4,323 | (167,825) | ||
| Transfer Between Funds | (7,000) | 7,000 | |||||
| NET MOVEMENT IN FUNDS |
(19,883) | (127,402) | (24,863) | 4,323 | (167,825) | ||
| FUND BALANCES | |||||||
| Brought Forward -1' | January 2020 | 618,322 | 1,784,554 | 301,560 | 916,812 | 3,621,247 | |
| Carried Forward —31' |
December 2020 | 598,439 | 1,657,152 | 276,696 | 921,135 | 3,453,422 |