| CONTENTS | Page No | |
| Report ofthe Trustees | 1-7 | |
| Statement ofTrustees | Responsibilities | 8-9 |
| Independent Auditors |
Report | 10 —13 |
| Statement ofFinancial | Activities | 14 |
| Balance Sheet | 15 | |
| Notes to the Financial | Statements | 16-22 |
| General | Reetncted | TOTAL | TOTAL | |||
|---|---|---|---|---|---|---|
| Funds | Endowment Funds |
FUNDS | FUNDS | |||
| Note | 2020 | 2020 | 2020 | 2019 | ||
| INCOME AND ENDOWMENTS | ||||||
| Investment Income and Interest |
2 | 197,717 | 197,717 | 232,354 | ||
| EXPENDITURE | ||||||
| Charitable expenditure: |
||||||
| Central Property Costs | 3 | 11,317 | 11,317 | 2,673 | ||
| Grants/Pledges | 4 | 200,500 | 200,500 | 377,404 | ||
| Management and Administration |
ofthe Trust | 5 | 38,006 | 36,500 | 74,506 | 73,852 |
| Total expenditure: | 249,823 | 36,500 | 286,323 | 453,929 | ||
| NET (EXPENDITURE) BEFORE | GAINS/LOSSES | |||||
| ON INVESTMENTS | (52,106) | (36,500) | (88,606) | |||
| Net Gains on Investment assets |
7 | 114,893 | 114,893 | 862,699 | ||
| NET MOVEMENT IN FUNDS |
62,787 | (36,500) | 26,287 | 641,124 | ||
| RECONCILIATION OF FUNDS |
||||||
| FUNDS BROUGHT FORWARD | 6,238,122 | 1,352,500 | 7,590,622 | 6,949,498 | ||
| FUNDS CARRIED FORWARD | 6,300,909 | 1,316,000 | 7,616,909 | 7,590,622 |
| Note | General Fund |
Restricted Endowment Fund |
Total 2020 |
Total 2019 |
|
|---|---|---|---|---|---|
| FIXEDASSETS | |||||
| Tangible Assets | 6 | 1,316,000 | 1,316,000 | 1,352,500 | |
| Investments: | 7 | 6,081,908 | 6,081,908 | 5,891,442 | |
| TOTAL FIXEDASSETS | 6,081,908 | 1,316,000 | 7,397,908 | 7,243,942 | |
| CURRENT ASSETS | |||||
| Debtors | 8 | 82,650 | 82,650 | ||
| Cash at bank and in hand | 9 | 376,065 | 376,065 | 604,393 | |
| 458,715 | 458,715 | 604,393 | |||
| LIABILITIES | |||||
| CREDITORS FALLING DUE WITHIN ONE YEAR |
(187,414) | (187,414) | (138,314) | ||
| NET CURRENT ASSETS | 271,301 | 271,301 | 463,203 | ||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
6,353,209 | 1,316,000 | 7,669,209 | 7,710,022 | |
| CREDITORS: AMOUNTS | |||||
| FALLING DUE AFTER | 10 | (52,300) | (52,300) | (119,400) | |
| MORE THAN ONE YEAR | |||||
| NET ASSETS | 6,300,909 | 1,316,000 | 7,616,909 | 7,590,622 | |
| THE FUNDS OF THE | |||||
| CHARITY | |||||
| General Fund |
1,316,000 | 1,316,000 | 6,238,122 | ||
| Endowment Fund |
6,300,909 | 6,300,909 | 1,352,500 | ||
| TOTAL CHARITY FUNDS | 6,300,909 | 1,316,000 | 7,616,909 | 7,590,622 |
| 2020f | 2019 f |
|||
|---|---|---|---|---|
| 2. | Investment Income |
|||
| Dividends | ||||
| Other Income: | 119,975 | 151,317 | ||
| Rent receivable | 75,000 | 75,000 | ||
| Interest receivable | 2,742 | 2,877 | ||
| Plantation receipts |
3,160 | |||
| 6197,717 | f232,354 | |||
| All investment income relates to investments |
held on recognised | stock exchanges. | ||
| 2020f | 2019 f |
|||
| 3. | Central Property Costs | |||
| Buildings Insurance |
2,296 | 273 | ||
| Maintenance and repairs |
9,021 | 2,400 | ||
| f11,317 | f2,673 |
| FOR | THE YE | AR ENDED 31 DECE | MBER 2020 | ||
|---|---|---|---|---|---|
| 2020 | 2019 | ||||
| E | E | ||||
| Grants/Pledges | |||||
| Momentum | 41,800 | ||||
| Reigate 8 Banstead | 41,000 | 2,000 | |||
| Homestart Epsom |
45,000 | ||||
| Challengers | 30,000 | 16,563 | |||
| Woking Scouts | 5,000 | ||||
| Breck Foundation | 9,900 | ||||
| StJohn's C ofE | 20,000 | ||||
| Walton Leigh School |
8,200 | 8,500 | |||
| Shooting Star | 600 | ||||
| Eikon Trust | 10,000 | 22,341 | |||
| Clifton Hill School |
3,000 | ||||
| White Lodge | 15,000 | ||||
| Loseley Fields School | 22,800 | ||||
| PSDS | 45,000 | ||||
| Delight in Reading |
9,200 | 9,500 | |||
| Ashcombe School |
7,000 | ||||
| Brooklands School | 24,000 | ||||
| CHIPS (Guildford) | 3,000 | ||||
| Jigsaw Trust | 5,300 | ||||
| Helen Arkell Trust | 9,500 | 9,500 | |||
| Homestart East Surrey |
35,400 | ||||
| East Surrey YMCA | 21,000 | ||||
| Stripey Stork | 45,000 | ||||
| Forest Estate 8s Ashford |
2,800 50,000 |
||||
| f200,500 | E377,404 | ||||
| 2020 | 2019 | ||||
| E | E | ||||
| 5. | Management and Administration |
Expenses | |||
| Audit Fees | 3,000 | 3,000 | |||
| Investment Management |
Fees | 34,861 | 34,163 | ||
| Depreciation —Restricted | 36,500 | 36,500 | |||
| Administrative Expenses |
145 | 179 | |||
| Bank Charges | 10 | ||||
| 674,506 | f73,852 |
| 31 December 2 ofthe year. |
004. The properties have been |
revalued to thes |
e amounts at t |
he beginning |
|---|---|---|---|---|
| Freehold | ||||
| Interest in |
||||
| Land and | Fixtures & | |||
| Buildings | Fittings | TOTAL | ||
| K | ||||
| Cost or Valuation | ||||
| At 1 January 2020 and 31 December 2020 | 1,900,000 | 12,494 | 1,912,494 | |
| Depreciation | ||||
| Brought forward | 1 January 2020 | 547,500 | 12,494 | 559,994 |
| Charge for year | 36,500 | 596,494 | ||
| Carried forward | 31 December 2020 | 564,000 | 12,494 | 596,494 |
| Net Book Value | ||||
| As at 31 December 2020 | 1,316,000 | 1,316,000 | ||
| As at 31 December 2019 | 1,352,500 | 1,352,500 |
| 7. | Investments | 2020 | 2019 | ||||
|---|---|---|---|---|---|---|---|
| Market value of Investments | at 1 January 2020 | 5,891,442 | 4,974,900 | ||||
| Add investments purchased |
507,830 | 2,578,079 | |||||
| Less Investments sold |
(423,257) | (2,524,236) | |||||
| Add Realised Profits on Sales | 167,847 | 1,019,677 | |||||
| Less Unrealised Losses on |
Revaluation | at 31 December | (52,954) | (156,978) | |||
| 2020 | |||||||
| Market Value of Investments | at 31 December 2020 | K6,081,908 | 85,891,442 | ||||
| Investments represent |
listed | securities | on recognised | stock | exchanges and are |
included as | |
| fixed assets at their market value. | |||||||
| 2020 | 2019 | ||||||
| 8. | Debtors | ||||||
| Investment Proceeds |
81,733 | ||||||
| Interest Receivable | 917 | ||||||
| 82 650 | |||||||
| 9. | Cash at Bank and in Hand | ||||||
| Rathbone Investment |
Management | ||||||
| Capital Account | 47,752 | 118,545 | |||||
| Income Account | 381 | 1 780 | |||||
| 48,133 | 120,325 | ||||||
| Others | |||||||
| HSBC Current Account | 155,567 | 226,192 | |||||
| Shawcross Bank | 86,099 | ||||||
| Skipton Building Society |
86,433 | 85,845 | |||||
| Nationwide Building Society |
85 932 | 85932 | |||||
| 8376075 | 6604393 |
| FOR TH | E YEAR ENDED 31 | DECEMBER 2020 | ||||
|---|---|---|---|---|---|---|
| 10 | Creditors | 2020 | 2019 | |||
| K | E | |||||
| Rent received | in advance | 17,514 | 17,514 | |||
| Brokers fees | 8,800 | 8,800 | ||||
| Audit | 3,000 | 3,000 | ||||
| Donations | Pledged due within | 1 year | 158,100 | 109,000 | ||
| Donations | Pledged due after 1 year | 52,300 | 119,400 | |||
| 9239,714 | 9257,714 |