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|---|---|---|---|---|
|Reference and administrative||details ofthe charity, its trustees|and advisers||
|Trustees'
report||||2-4|
|Independent
auditors'|report|||5-8|
|Statement offinancial|activities||||
|Balance sheet||||10|
|Notes to the financial|statements|||11-22|
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||||||Endowment|Total|Total|
|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|
||||||2021|2021|2020|
|||||Note||K||
|Income and endowments|from:|||||||
|Investments|||||327,157|32'?,15?|327,317|
|Total income and endowments|||||32T,157|327,15T|327,317|
|Expenditure
on:||||||||
|Raising funds||||3|51,975|51,975|49,595|
|Charitable
activities||||5|948,121|948,121|769,685|
|Total expenditure||||6|1,000,096|1,000,096|819,280|
|Net expenditure
before investment||gains|||{6?2,939}|{672,939}|(491,963)|
|Net gains on investments||||11|1,043,573|1,043,573|39,557|
|Net income I{expenditure} before||other recognised|gains|||||
|and losses|||||370,634|370,634|(452,406)|
|Net movement
in funds|||||370,634|3T0,634|(452,406)|
|Reconciliation
offunds".||||||||
|Total funds brought
forward|||||11,740,231|11,T40,231|12,192,63?|
||||||12,110,865|12,110,865|11,740,231|
|Total funds carried forward||||||||
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||||||2021||2020|
|---|---|---|---|---|---|---|---|
||||Note|||||
|Fixed assets||||||||
|Investment|property||10||600,000||600,000|
|Investments|||11||11,649,573||11,241,126|
||||||12,249,573||11,841,126|
|Current assets||||||||
|Debtors||||8,887||18,775||
|Creditors:|amounts|falling due within one||||||
|year|||13|(147,595)||(519,670)||
|Net current|liabilities||||(138,708)||(500,895)|
|Net assets|||||12,110,865||15,740,231|
|Charity Funds||||||||
|Endowment|funds||||12,110,865||15,740,231|
|Total funds|||||12,110,865||11,740,231|
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|.|Investment|income||||
|---|---|---|---|---|---|
||||Endowment|Total|Total|
||||funds|funds|funds|
||||2021|2021|2020|
||||E|||
||Investment
properties -rental income
Listed investments||51,677
275,480|51,677
275,480|51,060
276,204
53|
||Interest received|||||
||||327,157|327,157|327,317|
||Total 2020||327,317|327,317||
|3.|Costs of raising funds|||||
||||Endowment|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2021
f.|2021|2020f|
|Investment
Insurance|management|fees|50,005
1,970|50,005
1,970|47,952
1,643|
||||51,975|51,975|49,595|
|Total 2020|||49,595|49,595||
|||Grants to|||
|---|---|---|---|---|
|||Individuals|Total|Total|
|||2021|2021|2020|
|Grants
Grants|to institutions
to individuals|594,760
323,978|594,760
323,978|526,300
217,804|
|||918,738|918,738|744,104|
|Total|2020|744,104|744,104||
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|||||||Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|
|||||||funds|funds|funds|
|||||||2021|2021|2020|
|||||||E|f.||
|Auditors'|remuneration|||||3,960|3,960|3,930|
|Bank charges||||||7|7||
|Office costs||||||2,056|2,056|952|
|Administration|||expenses|||22,985|22,985|20,000|
|Computer|costs|||||375|375|579|
|Depreciation||||||||120|
|||||||29,383|29,383|25,581|
|Analysis|of||Expenditure|by expenditure|type||||
||||||Depreciation|Other costs|Total|Total|
||||||2021|2021|2021|2020|
||||||||K||
|Expenditure|||on investment|management||51,9'75|51,975|49,595|
|Costs of|raising funds|||||51,975|51,975|49,595|
|Grants to|institutions|||||5S4,760|594,760|526,300|
|Grants to|individuals|||||323,978|323,978|217,804|
|Charitable||activities||||918,738|918,738|744,104|
|Expenditure|||on governance|||29,383|29,383|25,581|
|||||||1,000,096|1,000,096|819,280|
|Total 2020|||||120|819,160|819,280||
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|Net income/(expenditure)|||
|---|---|---|
|This is stated after charging:|||
||2021|2020|
|Depreciation
oftangible
fixed assets:|||
|-owned by the charity||120|
|Auditors'
remuneration
-audit|3,950|3,960|
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|Tangible fixed assets||||
|---|---|---|---|
||Office|Computer||
||equipment|equipment|Total|
|Cost||||
|At 1 January 2021 and 31 December 2021|169|9?1|1,140|
|Depreciation||||
|At 1 January 2021 and 31 December 2021||||
|Net book value||||
|At 31 December 2021||||
|At31December 2020||||
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|Investment
property||
|---|---|
||Freehold|
||investment|
||property|
|Valuation||
|At 1 January 2021 and 31 December 2021|600,000|
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|Fixed asset investments|||
|---|---|---|
|||Listed|
|||securities|
|Market value|||
|At 1 January 2021
Additions
Disposals
Revaluations||11,458,305
1,721,149
(2,126,113)
834,854|
|At 31 December 2021||11,888,195|
|Impairment
At 1 January 2021
Charge for the year||217,179
21,443|
|At 31December 2021||238,622|
|Net book value|||
|At 31 December 2021||11,649,573|
|At31December 2020||11,241,126|
|Investments
at market value comprise:|2021|2020|
||f.||
|Listed investments|11,649,573|11,241,126|
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|Material investments|||||
|---|---|---|---|---|
||||31 December|31December|
||||2021|2020|
||||K||
|Hermes Investments
Global Emerging
Markets||JG|214,526|228,072|
|Charity Prop Property Fund|||1„024,660|1,030,570|
|Vanguard
Funds PicS8P500 Ucits Eff|Inc GBP||1,449,383|1,189,470|
|Ishares
li PLC USD Tips Ucits EffGBP|Dis||297,662|104,112|
|Baillie Gifford Amer B NAV Inc|||561,710|860,472|
|INT Public Partner Ord GBPQ.0001|||304,579|305,117|
|M&G Investment
Man Corporate Bd I GBP Inc|||285,365|297,882|
|Schroder
Inv Mg E, ISFAsian Total Rtn
Henderson
Gbl Invs European
Seleted|C GBP
Opps
I Inc Sett||232,728
345,164|224,817
302,812|
|Mercantile
Investm
Ord GPB0.025|||266,041|244,530|
|Citigroup
Inc, 5.15%Snr Emtn 21/05/26|GBP||229,550|245,920|
|Schroder
Unit Tst US Smaller|||290,780||
|38 High Street, Maidenhead
(Investment|property)||600,000|600,000|
|Scottish Widows
Lt, 5.5%Sub 16/06/23|GBP100000||210,890|221,960|
|JP Morgan Funds
Ltd US Equity lnc KGBP|||618,765||
||||6,931,803|5,855,734|
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|Financial|instruments||||||
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||E||
|Financial|assets measured|at fair value through||income and|||
|expenditure|||||11,649,573|11,241,126|
|Financial|assets measured|at amortised|cost||8,887|18,775|
||||||11,658,460|11,259,901|
|Financial|liabilities measured|at amortised|cost||(147,595)|(119,670)|
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|Statement|offunds - current year||||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||Balance at||||31|
|||1January|||Gains/|December|
|||2021|Income|Expenditure|(Losses)|2021|
||||E||||
|Endowment|funds||||||
|Endowment|Funds - all funds|11,740,231|327,157|(1,000,096)|1,043,573|12,110,865|
|Statement|offunds - prior year||||||
|||||||Balance at|
|||Balance at||||31|
|||1January|||Gains/|December|
|||2020|Income|Expenditure|(Losses)|2020|
||||E|E|E||
|Endowment|Funds - all funds|12,192,63?|327,3'l7|(819,280)|39,557|11,740,231|
|Total offunds||12,192,637|327,317|(819,280)|39,55?|11,740,231|
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||||||||||Balance at|
|---|---|---|---|---|---|---|---|---|---|
||||||Balance at||||31|
||||||1January|||Gainel|December|
||||||2021|Income
F|Expenditure|(Losses)
f|2021
E|
|Endowment|funds||||11,?40,231|327,157|(1„000,096)|1,043,573|12,110,865|
|Summary||offunds|- prior|year||||||
||||||||||Balance at|
||||||Balance at||||31|
||||||1January|||Gains/|December|
||||||2020|Income|Expenditure|(tosses)|2020|
|||||||E|||E|
|Endowment|funds||||12,192,837|327,317|(819,280)|39,557|11,740,231|
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|Analysis ofnet assets between funds - current year|||
|---|---|---|
||Endowment|Total|
||funds|funds|
||2021|2021|
|Fixed asset investments|11,649,573|11,649,573|
|Investment
property|600,000|600,000|
|Current assets|8„887|8,887|
|Creditors due within one year|(147,595)|(147,595)|
||12,110,865|12,110,865|
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|Analysis of net assets between funds -prior year|||
|---|---|---|
||Endowment|Total|
||funds|funds|
||2020|2020|
|Fixed asset investments|11,241,126|11,241,126|
|Investment
property|600,000|600,000|
|Current assets|18,775|18,7?5|
|Creditors due within one year|(119,670)|(119,670)|
||11,740,231|11,740,231|
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