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2021-03-31-accounts

INDEX		Pacae
Annual Report ofthe Trustees		1-4
Independent Examiners	Report
Receipts and Payments	Account
Statement ofAssets and	Liabilities
Notes to the Financial Statements		8-12

Trustees	as	at 31stMarch 2021:	Mrs SC Clark		Reverend	Canon G E Morris
			Mrs SGardiner		Mr A J P	Phillips
			Mr A R Johnson		Mrs C L	Putney
			Ms C Minett		Mr J BVisser
					Mrs SJ Watson
Clerk to the Trustees:			Mr R R Mullings
Assistant	Clerk to
the Trustees:			Mrs SJ Webb
Independent		Examiner:	Miss Ruth Herbert
			Wenn Townsend
			Gosditch House
			5Gosditch Street
			Cirencester
			Gloucestershire
			GL7 2AG
Bankers:			Lloyds Bank pic
			14Castle Street
			Cirencester
			Gloucestershire
			GL7 1QJ
Solicitors:			Sewell Mullings	Logic
			7 Dollar Street
			Cirencester
			Gloucestershire
			GL7 2AS
Correspondence
Address:			7 Dollar Street
			Cirencester
			Gloucesters hire
			GL7 2AS

		Note	Unrestricted	Restricted	Endowment	Total
			Funds	Funds	Fund	2021	2020
Receipts
Rent Received			605			605	305
Investment Income			81,203	966		82,169	87,920
Donation —John Jones
Charity							6,500
			81,808	966		82,774	94,725
Investment Sales			123,861			123,86'I	112,581
Total Receipts			205,669	966		206,635	207,306
Payments
Cost ofGenerating	Funds		9,827			9,827	13,006
Charitable Activities:
Grants Paid			43,500	270		43,770	36,370
Governance Costs			18,291			18,291	33,225
			71,618	270		71,888	82,601
Investment Purchases			70,174			70,174	339,123
Total Expenditure			141,792	270		142,062	421,724
Net Receiptsl(Payments)
for the year			63,877	696		64,573	(214,418)
Cash Funds brought
forward			23,539	4,638	181,288	209,465	423,883
Cash Funds			F 87,416	E5,334	E 181,288	F274,038	E209,465

			Note	Unrestricted	Restricted	Endowment	Total
				Funds	Funds	Fund	2021	2020
Fixed Assets
Freehold Land				36,499			36,499	36,499
Investments:
COIF Income Shares				232,626	20,040	1,773,391	2,026,057	1,696,191
Brewin Dolphin	Portfolio			365,361	20,152	463,597	849,110	725,186
Black Rock Charities						119,885	119,885	96,276
M 8 G Charifund						75,672	75,672	61,439
				634,486	40,192	2,432,545	3,107,223	2,615,591
Current Assets
Debtors				13,000			13,000	6,500
Cash Funds				87,416	5,334	181,288	274,038	209,465
				100,416	5,334	181,288	287,038	215,965
Creditors: amounts		falling
Due within	one year		8	11,158			11,158	14,496
Net Current Assets				89,258	5,334	181,288	276,880	201,469
Net Assets			9	E723,?44	645,526	E2,613,833	E 3,383,103	F2,817,060

			FO	FO	R THE YE	AR ENDED 31	STMARCH 2021
1.	Costs of Generatin		Funds
								2021	2020
	Brewin Dolphin —Investment				Management			5,507	6,486
	Clerks Fees —Property		Management					4,320	6,520
								F 9,827	E 13,006
2.	Grants - Paid
	General Funds:
	Deer Park School:
	Educational Enhancement							9,500	9,500
	Astro Turf								10,000
								E9,500	E 19,500
	Powell's School:
	Educational Enhancement				(part EEG)			5,713	5,719
	Classroom Repairs								10,050
								F5,713	E15,769
	Kingshill School:
	Educational Enhancement							18,000
	Capital Grant							10,000
								E28,000
	Other Grants:
	Cirencester College —Prize Award								650
	Restricted Funds:
	Frank Miles Memorial	Prize		(Deer Park		and Kingshill)		90	90
	Robert Ellett Memorial		Prize		(Deer Park	and Kingshill)		90	90
	George and Florence	May Lait Memorial				Prize (Powell's	School - part EEG)	287	281
	1457 Prize Fund (Cirencester				College)			450
	Cirencester Grammar	School			Memorial	Trust —Annual	Student Awards	90	140
	(Cirencester College)
								E557	E1,051
	Total Grants Paid							F43,770	E36,370

3.	Governance	C	osts
						2021	2020
	Clerks Fees					10,320	13,040
	Accountancy	Charges					2,135
	Independent	Examiners		Fees			925
	Repairs					7,971	8,160
	Powell's School		House —separation		works		8,965
						E 18,291	E33,225
4.	Fixed Assets:		Freehold	Land
	Cost:
	At 1st April		2020 and	at 31st March 2021			E36,499

Charities	Official In	ve	stm	ent Fund - Income Shares
					Market
					Value
As at 1st	April 2020				1,696,191
Additions	at cost
Unrealised	Gain/(Loss)		on	Investments	329,866
Realised	Gain/(Loss)	on Disposals
At 31st March 2021					E2,026,057
The cost ofthe investments				at 31st March 2021 was F139,863(2020 - f139,863).

						Market
						Value
As at 1st	April 2020					725,186
Additions	at cost including			Accumulated	Dividends	70,174
Disposal	Proceeds					(123,861)
Unrealised	Gain/(Loss)		on Investments			198,341
Realised	Gain/(Loss)	on Disposals				(20,730)
At 31st March 2021						P 849,110

ost ofthes	e investments	at 31st March 2021 was 2665,174(202	0 - f739,452).
			Market
			Value
Black Rock Charities		UK Equity Fund A Income
As at 1st	April 2020		96,276
Unrealised	Gain/(Loss)	during the year	23,609
At 31st March 2021			E119,885

ost ofthese	investments	at 31st March 2021 was F120,0	00 (2020 - 2120,000).
			Market
			Value
M&GFund
As at 1st April 2020			61,439
Unrealised	Gain/(Loss)	during the year	14,233
At 31st March 2021			E75,672

							2021	2020
6,	Debtors
	Donation Receivable —John				Jones Charity	F 13,000		E6,500
7.	Cash Funds
							2021	2020
	Lloyds Bank					141,093		121,118
	Sewell Mullings		Logic				77,783	81,478
	Brewin Dolphin						55,162	6,839
						E274,038		E209,465
8.	Creditors
							2021	2020
	Brewin Dolphin		Investment		Fees		1,488	1,236
	Accountancy	Fees					6,430	3,180
	Clerks Fees						3,240	1,080
	Grant payable		To Kingshill	School				9,000
						E	11,158	E 14,496

		At 1st	Surplus		At 31st
		April	(Deficit) for		March
		2020	the Year	Transfers	2021
Unrestricted Funds:
General Reserve		558,479	165,265		723,744
Restricted Funds:
Frank Miles Memorial	Prize Fund	5,390	906		6,296
Robert Ellett Memorial	Prize Fund	5,247	890		6,137
George and Florence	May Lait-
Memorial Prize Fund		11,357	1,901		13,258
1457 Prize Fund		13,137	2,570		15,707
Cirencester Grammar	School
Memorial Trust		3,465	663		4,128
Total restricted funds		38,596	6,930		45,526
Endowment Fund		2,219,985	393,848		2,613,833
Total Funds		E2,817,060	E566,043		E3,383,103