| Page | |
|---|---|
| Reference and Administration Information |
|
| The Trustees Annual Report |
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| Independent Examiner's Report |
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| Statement of Financial Activities | |
| Balance Sheet | 10 |
| Statement ofAccounting Policies |
|
| Notes to the Financial Statements | 14 |
| Appendices | 19 |
| Trustees | The Master, Wardens | The Master, Wardens | and all other | full | ||
|---|---|---|---|---|---|---|
| members ofthe Court |
ofAssistants | ofthe | ||||
| Company (Appendix 1) |
||||||
| Master | A H Jarvis | |||||
| Honorary | Treasurer | SJ M Burrows | ||||
| Clerk | S R Mackaness | |||||
| Independent | Examiners | JBGriffin | ||||
| Newby Castleman | LLP | |||||
| Chartered Accountants |
||||||
| West Walk Building | ||||||
| 110Regent Road | ||||||
| Leicester. | ||||||
| LE1 7LT | ||||||
| Bankers | Lloyds Bank Plc | |||||
| 7 High Street | ||||||
| Leicester LE1 9FS | ||||||
| Solicitors | Shakespeare Martineau |
LLP | ||||
| Two Colton Square | ||||||
| Leicester LE1 1QF | ||||||
| Stockbrokers | Brewin Dolphin | |||||
| Olympic House | ||||||
| Doddington Road |
||||||
| Lincoln | ||||||
| LN6 3SE | ||||||
| Principal | Office | The Clerk | ||||
| The Grange | ||||||
| Kimcote | ||||||
| Lutterworth | ||||||
| Leics. LE175RU | ||||||
| Charity number | 292630 |
| THE TRU | STEES ANNU | STEES ANNU | STEES ANNU | AL REPOR | AL REPOR | T FO | R THE YE | AR ENDE | AR ENDE | D 31 MARCH | D 31 MARCH | 2022 | 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| During this |
academic year | 41 students | were | interviewed. | Students | are interviewed | face to face to gauge | ||||||
| their knowledge |
of fabric structure, |
show | their design |
innovation and |
give | a presentation. | The | ||||||
| sponsorship | of | students taking part |
in | the Shima course | was resumed after |
a year's pause due to | the | ||||||
| pandemic | and The National | Theatre | has resumed business were an apprentice |
has | been sponsored. | ||||||||
| Individual/ | Place of | Name | Value | ||||||||||
| Or anisation | Stud | IOr anisation | |||||||||||
| Individual | Bri hton Universi | Co Bursa | 3,000 | ||||||||||
| Individual | De Montfort | Universit | David Bethel | 3,000 | |||||||||
| Individual | Glas ow Colle e ofArt | Co Bursa | 3,000 | ||||||||||
| Individual | Kin ston Universi | Co Bursa | 3,000 | ||||||||||
| Individual | Leeds Universit | HATRA Bursa | 3,000 | ||||||||||
| individual | Northumbria | Universit | Hill Osborne | 3,000 | |||||||||
| Individual | Nottin ham |
Trent Universit | Rolf Noskwith | 3,000 | |||||||||
| Individual | Nottin ham |
Trent Universit | Co Bursa | 3,000 | |||||||||
| Individual | RCA | B ord Bursa |
3,000 | ||||||||||
| Individual | Derb Lonsdale |
Co Award | 1,500 | ||||||||||
| Individual | De Monffort | Universit | Howard Ellis Award |
1,500 | |||||||||
| Individual | De Monffort | Universi | Rouse Award | 1,500 | |||||||||
| Individual | Falmouth Universit |
Co Award | 1,500 | ||||||||||
| Individual | RCA | Co Award | 1,500 | ||||||||||
| Individual | Universit ofWest En |
land | Co Award | 1,500 | |||||||||
| Individual | Winchester | Universit | Co Award | 1,500 | |||||||||
| Individual | Winchester | Universit | Co Award | 1,500 | |||||||||
| Individual | Central St Martins | Carr Dou | ht | 1,000 | |||||||||
| Individual | LCF | Carr Dou | ht | 1,000 | |||||||||
| Individual | Nottin ham |
Trent Universi | Carr Dou | ht | 1,000 | ||||||||
| Individual | Glas ow Colic e ofArt | Co Award | 1,500 | ||||||||||
| Individual | Huddersfield | Universit | Co Award | 1,500 | |||||||||
| Individual | Nottin ham |
Trent Universit | Co Award | 1,500 | |||||||||
| Individual | Nottin ham |
Trent Universi | Co Award | 1,500 | |||||||||
| Individual | RCA | Co Award | 1,500 | ||||||||||
| Or anisation | Ruddin ton |
Museum | 10,000 | ||||||||||
| Or anisation | The National | Theatre | 2,500 | ||||||||||
| Or anisation | Live Schools Link |
125 | |||||||||||
| Or anisation | UKFT | 2,000 | |||||||||||
| Or anisation | The Dra ers | Com an |
1,000 | ||||||||||
| Total | 65,125 |
| Total | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Permanent | Restricted | Funds | Total funds | ||
| Funds | Endowment | Funds | 2022 | 2021 | ||
| Note | F | |||||
| Income | ||||||
| Donations 8 Legacies |
30,448 | 30,448 | 16,004 | |||
| Investment Income |
41,075 | 41,075 | 41,015 | |||
| Total Incoming Resources | 71,523 | 71,523 | 57,019 | |||
| Expenditure on: |
||||||
| Charitable Activities |
78,674 | 3,000 | 81,674 | 12,596 | ||
| Total Resources Expended | 78,674 | 3,000 | 81,674 | 12,596 | ||
| Net Gains /(Losses) on | ||||||
| Investments | 81,747 | 81,747 | 201,925 | |||
| Net Income/(Expenditure) | 74,596 | 3,000 | 71,596 | 246,348 | ||
| Net Income / (expenditure) |
74,596 | (3,000) | 71,596 | 246,348 | ||
| Reconciliation of Funds |
||||||
| Total Funds Brought Forward | 1,174,072 | 7,858 | 3,000 | 1,184,930 | 938,582 | |
| Total Funds Carried Forward | 1,248,668 | 7,858 | 1,256,526 | 1,184,930 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Note | |||||||
| Current Assets | |||||||
| Investments | 1,175,125 | 1,084,118 | |||||
| Debtors | 2,888 | 3,013 | |||||
| Cash at Bank 8 in | Hand | 84,633 | 153,206 | ||||
| 87,521 | 156,219 | ||||||
| Liabilities | |||||||
| Creditors: Amounts | |||||||
| falling | |||||||
| due within one year | 6,120 | 1,140 | |||||
| Net Current | Assets | 81,401 | 155,079 | ||||
| Net Assets | 1,256,526 | 1,239,197 | |||||
| The Funds | ofthe | ||||||
| Charity | |||||||
| Permanent | Endowment | 7,858 | 7,858 | ||||
| Restricted | 3,000 | ||||||
| Unrestricted | |||||||
| General | 555,955 | 546,734 | |||||
| Designated | 692,713 | 627,338 | |||||
| Total Unrestricted | Funds | 1,248,668 | 1,174,072 | ||||
| 1,256,526 | 1,184,930 |
| Peshall | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 3 | Donations | &Legacies | Accumulated | Hirst | Don Gwillim | Designated | Restricted | 2022 | 2021 |
| Inc Fund | Funds | Funds | Fund | Funds | Total | Total | |||
| 6 | 6 | f | |||||||
| Donations | 16,085 | 16,085 | 940 | ||||||
| Covenants | 14,363 | 14,363 | 15,064 | ||||||
| 30,448 | 30,448 | 16,004 |
| Peshall | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 4 | Investment | Income | Accumulated | Hirst | Don Gwillim | Designated | Restricted | 2022 | 2021 |
| Inc Fund | Funds | Funds | Fund | Funds | Total | Total | |||
| R | |||||||||
| Dividends | 8,165 | 7,962 | 765 | 24,183 | 41,075 | 40,998 | |||
| Interest | 17 | ||||||||
| 8,165 | 7,962 | 765 | 24,183 | 41,075 | 41,015 |
| Peshall | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 5 | Charitable Activities |
Accumulated | Hirst | Don Gwillim | Designated | Restricted | 2022 | 2021 | |
| Inc Fund | Funds | Funds | Fund | Funds | Total | Total | |||
| Grant funding | 8 | 8 | 8 | 6 | 8 | ||||
| Awards | 27,625 | 19,500 | 15,000 | 3,000 | 65,125 | 8,225 | |||
| Direct costs | |||||||||
| Bursary Awardees | Exp | 1,210 | 1,210 | ||||||
| Shima Seiki | 2,880 | 2,880 | |||||||
| Shima Seiki Student Exp |
1,022 | 1,022 | |||||||
| Bursary Committee Exp |
2,112 | 2,112 | 19 | ||||||
| Video IAdvertising | 55 | 55 | |||||||
| Governance Costs | |||||||||
| Examination fees |
1,254 | 1,254 | 1,140 | ||||||
| Stockbroker Exp |
692 | 25 | 1,129 | 2,500 | 600 | ||||
| Support Costs | |||||||||
| Accountancy Exp |
1,195 | 1,196 | 299 | 2,690 | 2,612 | ||||
| Sundry Expenses | 2,826 | 2,826 | |||||||
| 40,871 | 21,350 | 324 | 16,129 | 3,000 | 81,674 | 12,595 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Cost | Market | Cost | Market | |||||
| Value | Va/ue | |||||||
| Accumulated | Inc Fund | 134,135 | 239,834 | 122,571 | 225,766 | |||
| HATRA | 490,318 | 672,619 | 452,247 | 576,417 | ||||
| Peshall Hirst |
Funds | 123,607 | 215,275 | 138,178 | 210,678 | |||
| Don Gwillim Total Listed |
Fund | 11,166 | 14,930 | |||||
| Investments | 748,060 | 1,127&728 | 724,162 | 1,027,791 | ||||
| Investment Cash |
47,397 | 47,397 | 56,327 | 56,327 | ||||
| 795,457 | 1,175,125 | 780,489 | 1,084,118 | |||||
| Listed Investments | Value at 01/04/202 |
Sales | pur has s | Val Ad) at 31/03/2022 |
Value at 31/03/2022 |
|||
| Fund Name | ||||||||
| Education Charit |
225,766 | 65,311 | 62,499 | 16,881 | 239,835 | |||
| HATRA Fund | 576,417 | 82,906 | 121,787 | 57,321 | 672,619 | |||
| Peshall Hirst |
Funds | 210,678 | 55,310 | 52,707 | 7,199 | 215,274 | ||
| Don Gwillim | Fund | 14,930 | 15,276 | 346 | ||||
| Total | 1,027,791 | 218,803 | 236,993 | 81,747 | 1,127,728 |
| 7 | Debtors | 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Taxation | Recoverable | 2,873 | 3,013 | |||||||
| Other | 15 | |||||||||
| 2,888 | 3,013 | |||||||||
| 8 | Creditors | 2022f | 2021 | |||||||
| Accruais | —External Examination | 1,254 | 1,140 | |||||||
| Other | 4,866 | |||||||||
| 6,120 | 1,140 | |||||||||
| 9 | Financial | Instruments | 2022 | 2021 | ||||||
| Carrying | amount offinancial | assets | ||||||||
| Measured | at fair value through | net income | / | expenditure | 1,127,728 | 1,027,791 | ||||
| Carrying | amount offinancial | |||||||||
| liabilities | ||||||||||
| Measured | at amortised cost | 1,254 | 1,140 | |||||||
| Income and | ||||||||||
| expenditure | ||||||||||
| Financial | assets measured | at fair value through | net | |||||||
| income / |
expenditure | 41,075 | 34,947 | |||||||
| Net gains and losses (including | changes | in | fair value) | 81,747 | 201,925 |
| Fund Name | Balance | Incoming | Resources | Unrealised | Realised | Balance | |
|---|---|---|---|---|---|---|---|
| B/F | Recei ts | Ex ended | Gains/Loss | Gains/Loss | C/F | ||
| Restricted and Endowment | |||||||
| Funds | |||||||
| Carr Dou ht —restricted |
3,000 | 3,000 | |||||
| Matthew Simmons - endowment |
7,858 | 7,858 | |||||
| Total Restricted and | |||||||
| Endowment Funds |
10,858 | (3,000 | 7,858 | ||||
| Unrestricted Funds |
|||||||
| Accumulated Income Fund |
259,416 | 38,613 | 40,872 | 11,443 | 5,438 | 274,038 | |
| General - The Peshall Hirst |
Fund | 263,235 | 7,962 | 21,350 | 3,847 | 3,352 | 257,046 |
| General - The Don Gwillim | Fund | 24,083 | 765 | 323 | 346 | 24,871 | |
| Total Unrestricted Funds |
|||||||
| excludin Designated Funds |
546,734 | 47,340 | 62&545 | 15,290 | 9,136 | 555,955 | |
| Desi nated Funds | |||||||
| The HATRA Fund | 627,338 | 24,183 | 16,129 | 61,293 | 3,972 | 692,713 | |
| Total Desi nated Funds |
627,338 | 24,183 | (16,129) | 61,293 | 3,972 | 692,713 | |
| Total Funds | 1,184,930 | 71,523 | 81,674) | 76,583 | 5,164 | 1,256,526 |
| 1.Anal | ysis of Net Assets | Between Funds | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Permanent | Designated | Restricted | Total | ||
| Funds | Endowment | Fund | Funds | Funds | ||
| E | F | |||||
| Investments | 478,133 | 696,992 | 1,175,125 | |||
| Cash & | Bank | 79,925 | 7,858 | (3,150) | 84,633 | |
| Debtors | 2,888 | 2,888 | ||||
| Current | Liabilities | (4,991) | (1,129) | (6,120) | ||
| Net Assets at 31stMarch | ||||||
| 2022 | 555,955 | 7,858 | 692,713 | 1,256,526 |
| APPENDIX TO THE FINANCIAL YEAR ENDED 31 MARCH 2022 1.Trustees |
STATEMENTS | |||
|---|---|---|---|---|
| A | ointed | Resi | ned | |
| AH Jarvis | 2012 | |||
| EP Fox | 2013 | |||
| MR Ellis | 2010 | |||
| Past Masters | ||||
| JG Ellis | 2017 | |||
| IM Grund | 2014 | |||
| SA Turner | 2009 | |||
| PR White | 2013 | |||
| ME Green | 2012 | |||
| TDW Miller | 2008 | |||
| LJ Smith | 2008 | |||
| SH Woolfe | 2008 | |||
| GAF Smith | 2007 | |||
| PD Bethel | 2004 | |||
| GFC Turner | 2002 | |||
| HC Stevenson | 1996 | |||
| SK Murra | 1996 | |||
| SFRichards | 1995 | |||
| PC Osborne | 1981 | 2021 | ||
| Assistants | ||||
| DP Corah | 2010 | |||
| JJ Pears | 2012 | |||
| PM Tranter | 2015 | |||
| C Bethel | 2019 | |||
| J Martin | 2019 | |||
| M Tra nor | 2019 | |||
| SJM Burrows | 2020 | |||
| C Fuller | 2021 | |||
| SJa elman | 2021 | |||
| H Woolfe | 2021 |