| Trustees' Report | |
|---|---|
| Objectives and Activities | |
| Achievements and Performance |
|
| Financial Review | |
| Future Plans | |
| Structure, Governance and Management |
|
| Reference and Administrative | Details |
| Statement ofthe Trustees' Responsibilities |
|
| Independent Examiner's Report |
|
| Statement ofFinancial Activities | |
| Balance Sheet | |
| Accounting Policies |
|
| Notes to the Financial Statements |
| CHARITY NAME: | Henry Colborn (or Colbron) | |
|---|---|---|
| OTHER NAME USED BYTHE CHARITY: | The Henry Colbron Trust | |
| ADDRESS: | Merchant Taylors' Hall | |
| 30Threadneedle Street |
||
| London, EC2R 8JB | ||
| TRUSTEES: | Mr RA D Sullivan (Chairman) | |
| Mr RJA Bull | ||
| Mr DJackson | ||
| Revd Canon RGodsall | ||
| CHIEF EXECUTIVE OFFICER: | Rear Admiral J R H Clink CBE | |
| BANKERS: | Royal Bank of Scotland | |
| 62 Threadneedle Street |
||
| London | ||
| INVESTMENT MANAGERS: | Rathbone Investment Management |
Ltd |
| 8Finsbury Circus | ||
| London, EC2M 7AZ | ||
| INDEPENDENT EXAMINER: | Cara Turtington FCA, DChA |
|
| Saffery Champness LLP |
||
| 71Queen Victoria Street | ||
| London, EC4V 4BE | ||
| SOLICITORS: | Charles Russell Speechlys | |
| 5Fleet Place | ||
| London, EC4M 7RD |
| 12Month | 7Month | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Total | Total | ||||
| Note | fund | fund | 2022 | 2021 | |||
| Income and endowments | from: | ||||||
| Investments | 100,589 | 100,589 | 55,219 | ||||
| Total income and endowments | 100,589 | 100,589 | 55,219 | ||||
| Expenditure on: |
|||||||
| Raising funds | |||||||
| Investment management |
costs | 8,878 | 8,878 | 6,616 | |||
| Charitable activities |
|||||||
| Grants | 101,798 | 101,798 | 10,741 | ||||
| Grant related support | costs | 21,098 | 21,098 | 9,240 | |||
| 122,896 | 122,896 | 19,981 | |||||
| Total expenditure | 122,896 | 8,878 | 131,774 | 26,597 | |||
| Net (losses)/gains on |
investments | ||||||
| Realised &Unrealised | (losses)/gains | (116,452) | (116,452) | 215,753 | |||
| Net movement in funds |
(22,307) | (125,330) | (147,637) | 244,375 | |||
| Fund balances at 1August | 2021 | 92,628 | 2,792,023 | 2,884,651 | 2,640,276 | ||
| Fund balances at 31July | 2022 | 70,321 | 2,666,693 | 2,737,014 | 2,884,651 |
| Note | 31July | 2022 | 31July | 2021 | ||
|---|---|---|---|---|---|---|
| Fixed assets | ||||||
| Freehold investment | property | 32,500 | 32,500 | |||
| Investments | 2,660,271 | 2,771,969 | ||||
| 2,692,771 | 2,804,469 | |||||
| Current assets | ||||||
| Debtors | 533 | 573 | ||||
| Cash at bank | 48,767 | 128,488 | ||||
| 49,300 | 129,061 | |||||
| Creditors | 5,057 | 48,879 | ||||
| Net current assets | 44,243 | 80,182 | ||||
| Total assets | 2,737,014 | 2,884,651 | ||||
| Funds | ||||||
| Permanent Endowment |
9 | 2,666,693 | 2,792,023 | |||
| Unrestricted | 10 | 70,321 | 92,628 | |||
| 2,737,014 | 2,884,651 |
| 12Months | 7 Months | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Income | from listed investments | 100,572 | 55,214 |
| Deposit | interest receivable | 17 | 5 |
| 100,589 | 55,219 |
| 12Months | 7Months | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| The amount payable in the year comprises: | ||||
| Ashwell Primary School | 64,433 | 4,060 | ||
| Ashwell Playgroup | 7,561 | |||
| Ashwell Parish Council | 32,095 | |||
| Ashwell Academicals | 2,400 | |||
| Individual Grants |
1,270 | |||
| Ashwell Tennis &Sports |
Club | 1,600 | ||
| Other Grants - returned | (880) | |||
| Total Donations | 101,798 | 10,741 | ||
| 4 | Grant related support costs | |||
| 12Months | 7 Months | |||
| 2022 | 2021 | |||
| E | ||||
| Administration costs |
18,437 | 7,396 | ||
| Insurance | 621 | 344 | ||
| Governance costs: |
||||
| Independent examiner's |
remuneration: | |||
| -Statutory report —current year | 1,300 | 1,200 | ||
| -Statutory report —prior | year | 740 | 300 | |
| 21,098 | 9,240 |
| 31July | 31July | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Netball | Court | in | Ashwell | 32,500 | 32,500 |
| Listed investments | 31July 2022 | 31July 2021 | |
|---|---|---|---|
| f | f | ||
| Market value at 1August 2021 | 2,771,969 | 2,550,046 | |
| Add: | |||
| Additions | 315,365 | 394,535 | |
| Disposals | (329,012) | (398,035) | |
| Movement in cash |
18,401 | 28,730 | |
| Net realised/unrealised | (losses)/gains | (116,452) | 196,693 |
| Market value at 31July | 2022 | 2,660,271 | 2,771,969 |
| 31July | 31July | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| f | E | ||||
| Prepayments | and | accrued | income | 533 | 573 |
| 533 | 573 |
| 31July | 31July | |
|---|---|---|
| 2022 | 2021 | |
| Grants payable | 40,000 | |
| Accruals | 1,320 | 3,512 |
| Other creditors | 3,737 | 5,367 |
| 5,057 | 48,879 |
| 31July | 2022 | 31 | July | 2021 | |||
|---|---|---|---|---|---|---|---|
| Bradestrete | Services | Ltd | 3,737 | 5,367 |
| 31July | 31July | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Balance at 1August 2021 | 2,792,023 | 2,582,886 | |
| Expenditure | (8,878) | (6,616) | |
| Net (losses)/gains | on investments | (116,452) | 215,753 |
| Balance at 31July | 2022 | 2,666,693 | 2,792,023 |
| Movement | in fund | |||||
|---|---|---|---|---|---|---|
| Balance | Total | Total | Balance | |||
| 1 | August 2021 | Income | Expenditure | 31July 2022 | ||
| Unrestricted | Fund | 92,628 | 100,589 | (122,896) | 70,321 |
| Unrestricted | Endowment | fund | Total | ||
|---|---|---|---|---|---|
| fund | |||||
| E | |||||
| Freehold investment | property | 32,500 | 32,500 | ||
| Other investments | 26,078 | 2,634,193 | 2,660,271 | ||
| Net current assets | 44,243 | 44,243 | |||
| Balance at 31July 2022 | 70,321 | 2,666,693 | 2,737,014 |
| 7Month | |||||
|---|---|---|---|---|---|
| Unrestricted | Endowment | Total | |||
| fund | fund | 2021 | |||
| Income and endowments | from: | ||||
| Investments | 55,219 | 55,219 | |||
| Total income and endowments | 55,219 | 55,219 | |||
| Expenditure on: |
|||||
| Raising funds | |||||
| Investment management |
costs | 6,616 | 6,616 | ||
| Charitable activities |
|||||
| Grants | 10,741 | 10,741 | |||
| Grant related support | costs | 9,240 | 9,240 | ||
| 19,981 | 19,981 | ||||
| Total expenditure | 19,981 | 6,616 | 26,597 | ||
| Net gains I(losses) on | investments | ||||
| Realised &Unrealised | gains | 215,753 | 215,753 | ||
| Net movement in funds |
35,238 | 209,137 | 244,375 | ||
| Fund balances at 1January 2021 | 57,390 | 2,582,886 | 2,640,276 | ||
| Fund balances at 31July | 2021 | 92,628 | 2,792,023 | 2,884,651 |
| Movement | in fund | in fund | ||||
|---|---|---|---|---|---|---|
| Balance | Total | Total | Balance | |||
| 1January | Income | Expenditure | 31July 2021 | |||
| 2021 | ||||||
| Unrestricted Fund |
57,390 55,219 |
(19,981) | 92,628 | |||
| Analysis ofnet assets | between | funds | ||||
| Unrestricted Endowment |
fund | Total | ||||
| fund | ||||||
| E | ||||||
| Freehold investment | property | 32,500 | 32,500 | |||
| Other investments | 12,446 | 2,759,523 | 2,771,969 | |||
| Net current assets | 80,182 | 80,182 | ||||
| Balance at 31July 2021 | 92,628 | 2,792,023 | 2,884,651 |