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





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|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||||





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|||Note|Unrestricted|Restricted|Endowment|Total||
|---|---|---|---|---|---|---|---|
||||Funds|Funds|Fund|2021|2020|
|Receipts||||||||
|Rent Received|||605|||605|305|
|Investment<br>Income|||81,203|966||82,169|87,920|
|Donation —John Jones||||||||
|Charity|||||||6,500|
||||81,808|966||82,774|94,725|
|Investment<br>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<br>Activities:||||||||
|Grants Paid|||43,500|270||43,770|36,370|
|Governance<br>Costs|||18,291|||18,291|33,225|
||||71,618|270||71,888|82,601|
|Investment<br>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|





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||||Note|Unrestricted|Restricted|Endowment|Total||
|---|---|---|---|---|---|---|---|---|
|||||Funds|Funds|Fund|2021|2020|
|Fixed Assets|||||||||
|Freehold<br>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|





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||||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<br>Enhancement|||||||9,500|9,500|
||Astro Turf||||||||10,000|
|||||||||E9,500|E 19,500|
||Powell's School:|||||||||
||Educational<br>Enhancement||||(part EEG)|||5,713|5,719|
||Classroom<br>Repairs||||||||10,050|
|||||||||F5,713|E15,769|
||Kingshill School:|||||||||
||Educational<br>Enhancement|||||||18,000||
||Capital Grant|||||||10,000||
|||||||||E28,000||
||Other Grants:|||||||||
||Cirencester<br>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<br>(Cirencester||||College)|||450||
||Cirencester<br>Grammar|School|||Memorial|Trust —Annual|Student Awards|90|140|
||(Cirencester College)|||||||||
|||||||||E557|E1,051|
||Total Grants Paid|||||||F43,770|E36,370|





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|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|



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|Charities|Official In|ve|stm|ent<br>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).||





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|||||||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|





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||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|
|6,|Debtors||||||||
||Donation<br>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|





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|||At 1st|Surplus||At 31st|
|---|---|---|---|---|---|
|||April|(Deficit) for||March|
|||2020|the Year|Transfers|2021|
|Unrestricted<br>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<br>Prize Fund||11,357|1,901||13,258|
|1457 Prize Fund||13,137|2,570||15,707|
|Cirencester Grammar|School|||||
|Memorial<br>Trust||3,465|663||4,128|
|Total restricted<br>funds||38,596|6,930||45,526|
|Endowment<br>Fund||2,219,985|393,848||2,613,833|
|Total Funds||E2,817,060|E566,043||E3,383,103|



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