##
|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||||||
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|||||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|
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|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|
##
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|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|