This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.
2022-03-31-accounts
|
Pages |
| Directors, officers and advisers |
1 |
| Directors’ report |
2-6 |
| Auditors’report |
7 - 10 |
| Statement of financial activities |
11 |
| Income and expenditure account |
12 |
| Balance sheet |
13 |
| Notes to the financial statements |
14 - 19 |
| Directors |
H R A Anderson |
(Chairman) |
| and Trustees |
D T A Boyle |
|
|
RAD Cowlin |
|
|
Mrs Deborah Reed |
|
|
B Salmon |
|
|
Ms Moira Usher |
|
|
Ms Deborah Hollister |
|
| Secretary |
Mrs Verity Barclay |
|
| Registered Office |
820 The Crescent |
|
|
Colchester Business Park |
|
|
Colchester |
|
|
Essex |
|
|
C049YQ |
|
| Registered Number |
Company 00183411 |
|
|
Charity
310038 |
|
| Auditors |
Scrutton Bland LLP |
|
|
820 The Crescent |
|
|
Colchester Business Park |
|
|
Colchester |
|
|
Essex |
|
|
C049YQ |
|
| Bankers |
CAF Bank Ltd |
|
|
25 Kings Hill Avenue |
|
|
Kings Hill |
|
|
West Mailing |
|
|
Kent ME19 4JQ |
|
| Solicitors |
Birkett Long LLP |
|
|
Faviell House |
|
|
1 Coval Wells |
|
|
Chelmsford |
|
|
Essex |
|
|
CM1 1WZ |
|
| Investment Advisers |
Investec Wealth and Investment Limited |
|
|
30 Gresham Street |
|
|
London |
|
|
EC2V 7QN |
|
|
£ |
| The Clare School |
23,630 |
| Accuro |
7,500 |
| The Gifted |
10,000 |
| Able Kidz |
5,000 |
| Grove Cottage |
9,370 |
| Castledon School |
5,000 |
| Grove Cottage |
5,000 |
|
£65,500 |
|
£ |
| St Helena School, Colchester |
7,889 |
| Stowmarket School |
23,998 |
| The Mix, Stowmarket |
25,418 |
| St Edmundsbury and Ipswich MAT |
77,903 |
|
|
Unrestricted |
Unrestricted |
|
**Notes ** |
funds |
funds |
|
|
2022 |
2021 |
|
|
£ |
£ |
| Income |
|
|
|
| Income from investments |
|
66,616 |
108,761 |
| Total income |
|
66,616 |
108,761 |
| Expenditure |
|
|
|
| Grants payable in furtherance of the Charity’s objects |
8 |
188,453 |
130,030 |
| Cost of grant making |
9 |
3,979 |
3,551 |
| Management and administration costs |
10 |
68,398 |
313,529 |
| Total expenditure |
|
260,830 |
447,110 |
| Net realised and unrealised investment gains/(losses) |
|
374,922 |
1,541,260 |
| Net movement in funds |
3 |
180,708 |
1,202,911 |
| Total funds brought forward at 1 April 2021 |
|
5,414,701 |
4,211,790 |
| Total funds carried forward at 31 March 2022 |
|
5,595,409 |
5,414,701 |
|
Note |
|
|
|
|
2022 |
2021 |
|
|
£ |
£ |
| Gross income |
|
66,616 |
108,761 |
| Total expenditure |
|
260,830 |
447,110 |
| Net expenditure before fixed asset disposal |
|
(194,214) |
(338,349) |
| Realised profit on sale of investments |
|
83,576 |
269,041 |
| Net expenditure for the financial year |
3 |
£(110,638) |
£(69,308) |
|
Notes |
|
|
|
|
2022 |
2021 |
|
|
£ |
£ |
| Fixed assets |
|
|
|
| Investment properties |
4 |
103,500 |
103,500 |
| Other investments |
5 |
5,483,649 |
5,119,312 |
|
|
5,587,149 |
5,222,812 |
| Current assets |
|
|
|
| Debtors |
6 |
526 |
564 |
| Cash at bank and in hand |
|
329,781 |
598,841 |
|
|
330,307 |
599,405 |
| Creditors: amounts falling due |
|
|
|
| within one year |
7 |
(322,047) |
(407,516) |
| Net current assets |
|
8,260 |
191,889 |
| Total net assets |
|
£5,595,409 |
£5,414,701 |
| Funds |
|
|
|
| Unrestricted funds - includes revaluation reserve of |
|
|
|
| £2,097,205 (2021 : £ 2,087,280) |
11 |
£5,595,409 |
£5,414,701 |
|
|
2022 |
2021 |
|
|
£ |
£ |
|
Auditors’ remuneration: in respect of audit services |
4,563 |
3,719 |
| **4 ** |
FIXED ASSETS - INVESTMENT PROPERTIES |
|
|
|
Investment |
|
property |
|
£ |
| Cost or valuation |
|
| At 1 April 2021 |
103,500 |
| Valuation at 31 March 2022 |
103,500 |
| Net book values |
|
| At 31 March 2022 |
103,500 |
| At 31 March 2021 |
£ 103,500 |
|
2022 |
2021 |
|
£ |
£ |
| Listed investments: |
|
|
| Market value at 1 April |
5,119,312 |
3,619,962 |
| Additions |
702,680 |
1,321,591 |
| Disposals |
(629,689) |
(1,094,460) |
| Net unrealised investment gains |
291,346 |
1,272,219 |
| Market value of listed investments at 31 March |
£5,483,649 |
£5,119,312 |
| Historical cost at 31 March |
£3,482,694 |
£3,128,282 |
|
2022 |
2021 |
|
£ |
£ |
| Listed investments at market value consist of the following: |
|
|
| UK equities |
|
|
| Aberforth Smaller Companies Investment Trust |
- |
378,994 |
| International equities |
|
|
| Herald Investment Trust |
529,932 |
662,400 |
| Scottish Mortgage Investment Trust |
1,041,903 |
1,347,345 |
| Witan Investment Trust |
459,500 |
452,000 |
| Fundsmith |
1,244,790 |
1,013,720 |
| HG Capital |
592,209 |
319,750 |
| Blackrock World Mining Trust |
517,824 |
|
| Property |
|
|
| The Charities Property Fund |
1,097,491 |
945,103 |
|
£5,483,649 |
£5,119,312 |
| DEBTORS |
|
|
|
2022 |
2021 |
| Prepayments |
£526 |
£ 564 |
|
2022 |
2021 |
|
£ |
£ |
| Other creditors |
142,047 |
227,516 |
| Government grants |
180,000 |
180,000 |
|
£322,047 |
£407,516 |
|
2022 |
2021 |
| Consultancy and travel expenses in relation |
|
|
| to grants payable |
£3,979 |
£3,551 |
| MANAGEMENT AND ADMINISTRATION COSTS |
|
|
|
2022 |
2021 |
|
£ |
£ |
| Legal and professional fees and related claims |
66,826 |
311,935 |
| Bank charges and interest |
110 |
97 |
| Office costs |
1,462 |
1,497 |
|
£68,398 |
£ 313,529 |
|
1 April |
Other |
31 March |
|
2021 |
movements |
2022 |
| **£ ** |
5,414,701 |
£180,708 |
£5,595,409 |
|
2022 |
2021 |
| Financial assets |
|
|
| Financial assets measured at fair value |
£5,483,649 |
£5,119,312 |
|
2022 |
2021 |
| Financial liabilities |
|
|
| Financial liabilities measured at amortised cost |
£322,047 |
£407,516 |