| CONTENTS | Page No | |
|---|---|---|
| Report ofthe Trustees | 1-7 | |
| Statement ofTrustees | Responsibilities | |
| Independent Auditors |
Report | 9 —12 |
| Statement of Financial | Activities | 13 |
| Balance Sheet | 14 | |
| Notes to the Financial | Statements | 15-21 |
| General | Restricted | TOTAL | TOTAL | |||
|---|---|---|---|---|---|---|
| Funds | Endowment Funds |
FUNDS | FUNDS | |||
| Note | 2021 | 2021 | 2021 | 2020 | ||
| INCOME AND ENDOWMENTS | ||||||
| Investment Income and Interest |
2 | 219,441 | 219,441 | 197,717 | ||
| EXPENDITURE | ||||||
| Charitable expenditure: |
||||||
| Central Property Costs | 3 | 10,446 | 10,446 | 11,317 | ||
| Grants/Pledges | 4 | 205,670 | 205,670 | 200,500 | ||
| Management and Administration |
ofthe Trust | 5 | 44,188 | 36,500 | 80,688 | 74,506 |
| Total expenditure: | 260,304 | 36,500 | 296,804 | 286,323 | ||
| NET (EXPENDITURE) BEFORE ON INVESTMENTS |
GAINS/LOSSES | (40,863) | (36,500) | (77,363) | (88,606) | |
| Net Gains on Investment assets |
7 | 869,843 | 869,843 | 114,893 | ||
| NET MOVEMENT IN FUNDS |
828,980 | (36,500) | 792,480 | 26,287 | ||
| RECONCILIATION OF FUNDS |
||||||
| FUNDS BROUGHT FORWARD | 6,300,909 | 1,316,000 | 7,616,909 | 7,590,622 | ||
| FUNDS CARRIED FORWARD | 7,129,889 | 1,279,500 | 8,409,389 | 7,616,909 |
| Restricted | |||||
|---|---|---|---|---|---|
| Note | General Fund |
Endowment Fund |
Total 2021 |
Total 2020 |
|
| FIXEDASSETS | |||||
| Tangible Assets | 6 | 1,279,500 | 1,279,500 | 1,316,000 | |
| Investments: | 7 | 7,026,769 | 7,026,769 | 6,081,908 | |
| TOTAL FIXEDASSETS | 7,026,769 | 1,279,500 | 8,306,269 | 7,397,908 | |
| CURRENT ASSETS | |||||
| Debtors | 8 | 914 | 914 | 82,650 | |
| Cash at bank and in hand | 9 | 287,470 | 287,470 | 376,065 | |
| 288,384 | 288,384 | 458,715 | |||
| LIABILITIES | |||||
| CREDITORS FALLING DUE WITHIN ONE YEAR |
(159,514) | (159,514) | (187,414) | ||
| NET CURRENT ASSETS | 128,870 | 128,870 | 271,301 | ||
| TOTAL ASSETSLESS | |||||
| CURRENT LIABILITIES | 7,155,639 | 1,279,500 | 8,435,139 | 7,669,209 | |
| CREDITORS: AMOUNTS | |||||
| FALLING DUE AFTER | 10 | (25,750) | (25,750) | (52,300) | |
| MORE THAN ONE YEAR | |||||
| NET ASSETS | 7,129,889 | 1,279,500 | 8,409,389 | 7,616,909 | |
| THE FUNDS OF THE | |||||
| CHARITY | |||||
| General Fund |
7,129,889 | 7,129,889 | 1,316,000 | ||
| Endowment Fund |
1,279,500 | 1,279,500 | 6,300,909 | ||
| TOTAL CHARITY FUNDS | 7,129,889 | 1,279,500 | 8,409,389 | 7,616,909 |
| 2021f | 2020f | |||
|---|---|---|---|---|
| 2. | Investment Income |
|||
| Dividends | ||||
| Other Income: | 143,196 | 119,975 | ||
| Rent receivable | 75,000 | 75,000 | ||
| Interest receivable | 1,245 | 2,742 | ||
| f219,441 | f197,717 | |||
| All investment income relates to investments |
held on recognised | stock exchanges. | ||
| 2021f | 2020 f |
|||
| 3. | Central Property Costs | |||
| Buildings Insurance |
2,306 | 2,296 | ||
| Maintenance and repairs |
8,140 | 9,021 | ||
| f10,446 | f11,317 |
| FOR T | HE YEAR | ENDED 31 DECEM | BER 2021 | ||
|---|---|---|---|---|---|
| 2021f | 2020 | ||||
| Grants/Pledges | |||||
| Momentum | 7,735 | 41,800 | |||
| Reigate &Banstead | 2,000 | 41,000 | |||
| Challengers | 30,000 | ||||
| MERU | 10,000 | ||||
| Breck Foundation | 9,900 | ||||
| StJohn's CofE | 20,000 | ||||
| Walton Leigh School |
10,000 | 8,200 | |||
| Shooting Star | 600 | ||||
| Eikon Trust | 10,000 | ||||
| Busbridge School | 7,500 | ||||
| White Lodge | 45,000 | 15,000 | |||
| Delight in Reading |
10,500 | 9,200 | |||
| Brooklands School | 14,835 | ||||
| CHIPS (Guildford) | 6,000 | ||||
| Jigsaw Trust | 24,000 | 5,300 | |||
| Helen Arkell Trust | 9,500 | 9,500 | |||
| East Surrey YMCA | 31,600 | ||||
| Welcare | 7,000 | ||||
| Woodlands School |
20,000 | ||||
| f205,670 | f200,500 | ||||
| 2021f | 2020f | ||||
| 5. | Management and Administration |
Expenses | |||
| Audit Fees | 3,000 | 3,000 | |||
| Investment Management |
Fees | 40,412 | 34,861 | ||
| Depreciation —Restricted | 36,500 | 36,500 | |||
| Administrative Expenses |
776 | 145 | |||
| f80,688 | f74,506 |
| 31 December 2 ofthe year. |
004. The properties have bee |
n revalued to thes |
e amounts at t | he beginning |
|---|---|---|---|---|
| Freehold | ||||
| Interest in |
||||
| Land and | Fixtums & | |||
| Buildings | Fittings | TOTAL | ||
| g | ||||
| Cost or Valuation | ||||
| At 1 January 2021 and 31 December 2021 | 1,900,000 | 12,494 | 1,912,494 | |
| Depreciation | ||||
| Brought forward | 1 January 2021 | 584,000 | 12,494 | 596,494 |
| Charge for year | 36,500 | 36,500 | ||
| Carried forward | 31 December 2021 | 620,500 | 12,494 | 632,994 |
| Net Book Value | ||||
| As at 31 December 2021 | 1,279,500 | 1,279,500 | ||
| As at 31 December 2020 | 1,316,000 | 1,316,000 |
| 7. | Investments | 2021 | 2020 | ||||
|---|---|---|---|---|---|---|---|
| Market value of Investments | at 1 January 2021 | 6,081,908 | 5,891,442 | ||||
| Add investments purchased |
1,153,668 | 507,830 | |||||
| Less Investments sold |
(1,078,650) | (432,257) | |||||
| Add Realised Profits on |
Sales | 418,558 | 167,847 | ||||
| Less Unrealised Profit |
(Losses) on Revaluation | at 31 | 451,285 | (52,954) | |||
| December 2021 | |||||||
| Market Value of Investments | at 31 December 2021 | 67,026,769 | 66,081,908 | ||||
| Investments represent |
listed | securities on recognised stock exchanges and are |
included as | ||||
| fixed assets at their market | value. | ||||||
| 2021 | 202I | ||||||
| 8. | Debtors | 6 | K | ||||
| Investment Proceeds |
81,733 | ||||||
| Interest Receivable | 914 | 917 | |||||
| 674 | 82650 | ||||||
| 9. | Cash at Bank and in | Hand | |||||
| Rathbone Investment |
Management | ||||||
| Capital Account | 57,464 | 47,752 | |||||
| Income Account | 3 567 | 381 | |||||
| 59,031 | 48,133 | ||||||
| Others | |||||||
| HSBC Current Account | 54,825 | 155,567 | |||||
| Skipton Building Society |
86,736 | 86,433 | |||||
| Nationwide Building Society |
86878 | 85932 | |||||
| 6287470 | 0376065 |
| FOR THE | YEAR ENDED 31 DE | CEMBER 2021 | ||||
|---|---|---|---|---|---|---|
| 10 | Creditors | 2021 | 2020 | |||
| 6 | ||||||
| Rent received | in advance | 17,514 | 17,514 | |||
| Brokers fees | 10,200 | 8,800 | ||||
| Audit | 3,000 | 3,000 | ||||
| Donations | Pledged due within | 1 year | 128,800 | 158,100 | ||
| Donations | Pledged due after 1 year | 25,750 | 52 300 | |||
| 6185,264 | 6239,714 |