2021-03-31-accounts - Henley Educational Trust

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Trustees:
- Co-opted			Mrs. A. Heath - (Chair)
			Mrs. L. Hodgkin
			Mrs. I. Morrow
			Mrs. M. Smith
			Mrs. D. Wermann (from 15/06/2020)
			Mr. C. Homent -(retired 14/09/2020)
			Mr. W. Parrish - (retired 14/09/2020)
			Mrs. S.Bishop - (from 15/09/2020)
Ex-officio			The Rector of Henley - Revd J.C.Tayler
			The Mayor of Henley — Cllr. Mr. K. Arlett	(until 13/05/2021)
			The Mayor of Henley — Cllr. Ms. S. Miller	(from 13/05/2021)
Nominative			Mr.T.Arnison
			Cllr. Miss K. Hinton
			Cllr. Mrs. M.Thomas
Clerk:			Mrs. C. Gosby
Registered		Office:	1A ColdharbourClose, Henley on Thames,	Oxon. RG9 1QF
Bank;			Barclays Bank pic, 10Hart Street, Henley on Thames, Oxon. RG9 2AX
Solicitor:			Mercers, 50 New Street, Henley on Thames, Oxon., RG9 2BX
Investment		Adviser:	Mr. N. McGregor MCSI
			Redmayne-Bentley LLP, 43 Market Place,	Henley on Thames,	RG9 2AA
Property	Adviser:		Mr.T.B.Dunn MRICS
			Simmons &Sons, 32 Bell Street, Henley on Thames, Oxon., RG9 2BH
Independent		Examiners	Mr. J.C. R. Lawrence-Archer FCA
			Bruton Charles, The Coach House, Greys Green Business Centre,
			Henley on Thames, Oxon., RG9 4QG
Charity Number:			309237

			Income	Endowment	Total
		Note	Fund	Funds	2021	2020
			E	6	E	E
INCOMING RESOURCES
Rents			56,750		56,750	61,750
Dividends and Interest			71,520	578	72,098	95,429
Reimbursement ofproperty	insurance		616		616	596
Donation
Prior period rent
Total incoming Resources			128,886	578	129e464	157e775
RESOURCES EXPENDED
Charitable Activities:
Grants payable in furtherance	ofobjects	3	115,196	250	115,446	130,740
Cost ofGenerating Funds:
Investment management			15,795		15,795	12,687
Property management			1,290		1,290	5,929
Property insurance			616		616	596
			17,701		17,701	19,212
Governance costs		4	6,874		6,874	6,575
Total Resources Expended			139,771	250	140,021	156e527
Net Outgoing Resources			-10,885	328	-10,557	1,248
Net gain (loss) on sale of investments		8		15,813	15,813	-2,654
Net gain (loss) on revaluation	of investments	8		289,569	289,569	-256,402
Net Movement in Funds			-10,885	305,710	294,825	-257,808
Total funds brought forward			251,565	3,409,380	3,660,945	3,918,753
TOTAL FUNDS CARRIED FORWARD		9	240,680	3,715,090	3,955,770	3,660,945

	Note	Note		2021		2020
			E	E	E	E
FIXED ASSETS:
Investments				3,857,179		3,592,628
CURRENT ASSETS:
Debtors		6	11,003		11,344
National Savings Investment			42,156		41,855
Cash at bank & in-hand			51,030		18,663
Vouchers			90		135
			104,279		71,997
CURRENT LIABILITIES
Creditors:
Amounts falling due within one year		7	5,688		3,680
NET CURRENT ASSETS				98,591		68,317
TOTAL ASSETS LESSCURRENT LIABILITIES				3p955,770		3,660,945
THE FUNDS OF THE CHARITY,'
Unrestricted Income Fund				240,680		251,565
Endowment Funds				3,715,090		3,409,380
				3,955,770		3,660,945
Signed on behalf ofthe Board of Trustees
	Ivtr	. A.	Heath (chair)

				2021	2020
				E	E
Dividends	and Interest:
Dividends from UK securities				45,253	60,150
Interest	on fixed interest stock			26,269	34,332
Interest	on COIF deposit funds			275	615
Interest	on bank and NS&l	deposits		301	332
				72,098	95,429
Apportioned:
Brakspear Prize Fund				289	288
Mary Clarke Music Award				289	288
				578	576
Income	Fund			71,520	94,853
				72,098	95,429
3.DIRECT CHARITABLE EXPENDITURE
				2021	2020
				E	E
Grants:	section 28(2)(b)	(see note 10)		17,880	19,047
	section 28(3)			15,856	19,605
	section 28(4)			~81460	~92088
				115,196	130,740
	Brakspear Prize Fund		(see note 10)	250
	Mary Clarke Music	Award
				115,446	130,740

7.CREDITORS							2021			2020
							E			E
Independent Examiner's				fee			1,200			1,200
HMRC							1,302			996
Grants:		Section 28(3)					3,041			594
Property		Insurance	received				145			140
Property		management					0			750
							5,688			3,680
8.FIXEDASSET	INVESTMENTS
All investments	were held in the			UK and can be analysed		as follows:
				Cash	Investment		UK Listed	2021		2020
				~De osit		~Pro ert	Investments	Total		Tota I
				E		E	E	E		E
Valuation at 1April 2020				241,706		875,000	2,475,922	3,592,628	3,845,452
Movement during		year:
interest				9,418				9,418		9,578
invested				0			445,178	445,178		218,654
withdrawn				-50,250			-445,177	-495,427	-222,000
net gain net gain	(loss) on sale (loss) on revaluation						15,813 289,569	15,813 289,569	-2,654 -256,402
				-40,832		0	305,383	264,551	-252,824
Valuation at 31	March 2021			200,874		875,000	2,781,305	3,857,179	3,592,628
Equities							876,898			749,581
Fixed Interest and		Managed	Funds				1,904,407 2,781,305		1,726,341 2. ,9»

10.GRANT DETAIL						2021	2020
						E	E
Section 28(2)(b) - special	benefit for		schools (see Trustees Report)
Badgemore						2,160	2221
Crazies Hill						257	250
Nettlebed						513	250
Sacred Heart						3,935	4291
Trinity						6,737	7,560
Valley Road						4,278	4,475
						17,880	19,641
Section 28(3l - individuals	in need
80 individual grants (2019:67)						15,856	19,698
Section 28(4) - wider educational		support
Gillotts Academy						18,140	21,356
Henley College						8,170	9,082
Henley Cricket Club							2,000
Henley Schools Partnership			- counselling		service	55,150	55,150
Henley Schools	Environmental			Science	Project -write bacl		-500
Henley Youth Festival							5,000
						81,460	91,988
Sub-Total - Income Fund as above)						115,196	130,737
Brakspear Prize Fund						250
Mary Clarke Award Total Grants and Awards						115,446	130,737