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|||||Page|
|---|---|---|---|---|
|General<br>information|||||
|Trustee'<br>annual report|||||
|Independent|examiner's||report||
|Statement of|financial|activities|||
|Balance sheet|||||
|Notes to the|financial|statements|||





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|Trustees||||The Hon Sir Rocco Forte<br>The Hon Mrs0 M LA Polizzi|(Chairman)<br>di Sorrentino|CBE|
|---|---|---|---|---|---|---|
|||||T N Scade MBE|||
|||||A McKenzie|||
|||||G Booth|||
|Correspondent||and principal|address|The Trustees|||
|||||c/o Judy Lewendon|||
|||||70Jermyn Street|||
|||||London|||
|||||SWIY 6NY|||
|Charity number||||298100|||
|Independent|examiner|||G Smye-Rumsby|||
|||||Dixon Wilson|||
|||||22 Chancery<br>Lane|||
|||||London|||
|||||WC2A<br>ILS|||
|Bankers||||C Hoare &Co|||
|||||37Fleet Street|||
|||||London|||
|||||EC4P 4DQ|||
|Investment|managers|||Investec Wealth &Investment|Limited||
|||||30Gresham Street|||
|||||London|||
|||||EC2V7QN|||





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|||||||General<br>fund|
|---|---|---|---|---|---|---|
||||||U||
||||||2021|2020|
|Income|||||||
|Investment<br>income|||||64,598|90,989|
|Donations<br>in kind|||||5,000|7,500|
|Total income|||||69,598|98,489|
|Expenditure|||||||
|Costs ofgenerating|funds||||||
|- Investment<br>management||costs|||(16,877)|(I7,6/8)|
|Expenditure<br>on charitable||activities:|||||
|- Grants|||||(25,000)|(120,500)|
|- Governance<br>costs|||||(5,270)|(7,606)|
||||||(30,270)|(l28,/06)|
|Total expenditure|||||(47,147)|('145,724)|
|Net gains/(losses)<br>on investments|||||500,315|(334,117)|
|Net income/(expenditure)|||for the year and net movement|in funds|522,766|(38l,352)|
|Total funds brought|forward at||I April 2020||2,459,809|2,841,/61|
|Total funds carried forward|||at 31 March 2021||2,982,575|2,459,809|





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||||Note|2021|2020|
|---|---|---|---|---|---|
|Fixed assets||||||
|Investments<br>at market|value|||2,823,387|2,225,336|
|Current assets||||||
|Debtors||||2,675|2,677|
|Cash and cash equivalents||||185,868|236,049|
|||||188,543|238,726|
|Creditors: Amounts|falling|due within one year||(29,355)|(4,253)|
|Net current assets||||159,188|234,473|
|Net assets||||2,982,575|2,459,809|
|General fund- unrestricted||funds (page 6)||2,982,575|2,459,809|





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||||||||||
|---|---|---|---|---|---|---|---|---|
|2.|Investment||income||||2021|2020|
||||||||E.|E|
|Dividends||and interest||from listed|investments||64,598|90,989|
|3.|Donations||in|kind|||2021|2020|
||||||||E|E|
|Pro-bono||independent||examination|and accountancy|fees|5,000|7,500|





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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|4.<br>Grants||||||||2021|2020|
|||||||||6|6|
|Grants to institutions|that provide||training||courses|in the hospita/ity|industry:|||
|Edinburgh<br>Napier University|||||||||5,000|
|Hotel School|||||||||/0,000|
|Perth College Development||Trust|||||||2,000|
|Queen<br>Margaret<br>University,||Edinburgh|||||||15,000|
|Springboard<br>Charitable|Trust||||||||/ /,000|
|The Innho/ders'<br>Charitable||Foundation||(Master Innho/ders)|||||/0,000|
|The Wine Guild Charitable||Trust||||||25,000|60,000|
|University of P/ymouth|||||||||5,000|
|University of Strathc/yde|||||||||2,500|
|||||||||25,000|/20,500|
|5.<br>Governance|costs|||||||2021|2020|
|||||||||6|6|
|Pro-bono independent|examination||fees|||||1,000|1,000|
|Pro-bono accountancy|fees|||||||4,000|6,500|
|Website development|costs||||||||86|
|Bank charges||||||||270|20|
|||||||||5,270|7,606|



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|||
|---|---|
|7.<br>Fixed asset investments|2021|
||6|
|Listed Investments||
|Market value at<br>I April 2020|2,225,336|
|Additions<br>at cost|40/,550|
|Disposal proceeds|(303,814)|
|Net gains on investments|500,315|
|Market value at 31 March 2021|2,823,387|





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|8.|Debtors||2021|2020|
|---|---|---|---|---|
|||||E|
|Accrued interest|||2,675|2,677|
|9.|Creditors: amounts|falling due within one year|2021|2020|
||||E|E|
|Grants|payable||25,000||
|Management<br>fees|||4,355|4,253|
||||29,355|4,253|



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|II.<br>Financial instruments||2021|2020|
|---|---|---|---|
|||E|E|
|Financial<br>assets at fair value||||
|Investments||2,823,387|2,225,336|
|Financial assets at amortised cost||||
|Accrued interest||2,675|2,677|
|Cash and cash equivalents||185,868|236,049|
|||188,543|238,726|
|Financial<br>liabilities at amortised|cost|||
|Grants<br>payable||25,000||
|Management<br>fees||4,355|4,253|
|||29,355|4,253|