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|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|
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||||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|
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||||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|
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||||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|
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||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|
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|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|
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|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|
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||||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|