2021-03-31-accounts

	Page
Reference and administrative details of the Charity, Its Trustees and advisers	1
Trustees' report	2−7
Independent auditors' report on the financial statements	8−11
Statement of financial activities	12
Balance sheet	13
Statement of cash flows	14
Notes to the financial statements	15−26

		Unrestricted	Endowment	Total	Total
		funds	funds	funds	funds
		2021	2021	2021	2020
	Note	£	£	£	£
Income and endowments from:
Investments	4	251,202		251,202	276,849
Other income		10,295		10,295	23,984
Total Income and endowments		261,497		261,497	300,833
Expenditure on:
Raising funds	5	23,677	3,501	27,178	36,145
Charitable activities	7	305,127		305,127	283,463
Total expenditure		328,804	3,501	332,305	319,608
Net expenditure before net
gains/(losses) on investments		(67,307)	(3,501)	(70,808)	(18,775)
Net gains/(losses) on investments		36,871	520,322	557,193	(285,709)
Net movement in funds before other
recognised gains		(30,436)	516,821	486,385	(304,484)
Other recognised gains:
Gains on revaluation of fixed assets	11	−	31,384	31,364	−
Net movement in funds		(30,436)	548,185	517,749	(304,484)
Reconciliation of funds:
Total funds brought forward		378,271	8,296,743	8,675,014	8,979,498
Net movement in funds		(30,436)	548,185	517,749	(304,484)
Total funds carried forward		347,835	8,844,928	9,192,763	8,675,014

			2021		2020
	Note		E
Fixed assets
Investments	10		4,960,219		4,479,044
investment property	11		4,129,964		4,098,600
			9,090,183		8,577,644
Current assets
Debtors	12	51,493		57,086
Cash at bank and in hand		55,593		44,664
		107,086		101,750
Creditors: amounts falling due within one
year	13	(4,506)		(4,380)
Net current assets			102,680		97,370
Total assets less current liabilities			9,192,763		8,675,014
Total net assets			9,192,763		8,675,014
Charity funds
Endowment funds	14		8,844,928		8,296,743
Restricted funds	14
Unrestricted funds	14		347,835		378,271
Total funds			9,192,763		8,675,014

	Unrestricted	Total	Total
	funds	funds	funds
	2021	2021	2020
	£	£	£
Rent	119,642	119,642	122,971
Bank interest	76	76	891
Listed investments	131,484	131,484	152,987
Total 2021	251,202	261,202	276,849
Total 2020	276,849	276,849

	Unrestricted	Endowment	Total	Total
	funds	funds	funds	funds
	2021	2021	2021	2020
	£	e	e	£
Investment management fees		648	648	4,221
Bank charges		296	296	222
Insurance		2,557	2,557	2,466
Property expenditure	13,615		13,615	29,236
Bad debts	10,062		10,062
Total 2021	23,677	3,501	27,178	36,145
Total 2020	29,236	6,909	36,145

	Grants to	Total	Total
	Individuals	funds	funds
	2021	2021	2020
	£	£	£
Grants, Descendants	102,980	102,980	95,769
Grants, Old Catton Residents	47,996	47,996	40,000
Grants, Special Awards	122,172	122,172	/13,935
Total 2021	273,148	273,148	249,704
Total 2020	249,704	249,704

Special Awards for the year e	nded 31 March 2	021 comprise:
Recipient		Amounts Given
1st Spixworth Scout Group		2,500
31st Norwich Rainbows	,	180
9th Norwich Rangers		180
Action Community Enterprises CIC		8,166
Asperger East Anglia		2,000
BREAK		5,000
Building Crafts & Conservation Foundation		5,000
Eating Matters		5,000
Friends of the Hewett School		5,000
ICENI Basketball		2,040
Mile Cross Phoenix Childrens	Project	5,350
Norfolk Family Carers		10,925
Norfolk Fire and Rescue Service		3,000
Norfolk SEN Network		2,331
Norwich Cathedral Music Appeal		5,000
Norwich City Community Sports Foundation		5,000
Norwich School		3,000
Open Road West Norfolk		5,000
Priscilla Bacon Norfolk Hospice Care		10,000
St Edmunds Society		6,000
The Garage		2,500
The Nancy Oldfield Trust		3,000
The Matthew Project		4,000
The Papillon Project		10,000
The Princes Trust		2,000
University of East Anglia		10,000

	Grant
	funding of	Support	Total	Total
	activities	costs	funds	funds
	2021	2021	2021	2020
	£	£	£	£
Descendants	102,980		102,980	95,769
		,
Old Catton Residents	47,996		47,996	40,000
Special Grants	122,172	−	122,172	113,935
Support costs	−	31,979	31,979	33,760
Total 2021	273,148	31,979	305,127	283,463
Total 2020	249,704	33,760	283,464

	Charitable	Total	Total
	activities	funds	funds
	2021	2021	2020
	£	e	£
Clerkship and agency fees	20,516	20,516	/8,952
Registrar Honorarium	1,785	1,785	1,785
Other	1,306	1,306	4,826
Governance costs	8,372	8,372	8,197
Total 2021	31,979	31,979	33,760
Total 2020	33,760	33,760

	Listed
	investments
Cost or valuation
At 1 April 2020	4,479,044
Additions	465,910
Disposals	(389,433)
Net unrealised gain on revaluation	520,322
Movement in cash held by broker	(115,624)
At 31 March 2021	4,960,219
Net book value
At 31 March 2021	4,960,219
At 31 March 2020	4,479,044

	Freehold
	investment
	property
Valuation
At 1 April 2020	4,098,600
Surplus on revaluation	31,364
At 31 March 2021	4,129,964

	2021	2020
Due within one year
Rent receivable	21,674	26,639
Other debtors	12,500	12,500
Dividends receivable	17,319	/7,947
	51,493	57,086

				2021	2020
Accruals	and	deferred	income	4,506	4,380

Statement of funds −current	year
					Balance at
	Balance at 1			Gains/	31 March
	April 2020	**Income **	Expenditure	(Losses)	2021
	E	E	E		E
Unrestricted funds
General Funds −all funds	378,271	261,497	(328,804)	36,871	347,835
Endowment funds
Endowment Funds −all funds	8,296,743		(3,501)	551,686	8,844,928
Total of funds	8,675,014	261,497	(332,305)	588,557	9,192,763
Statement of funds −prior year
					Balance at
	Balance at			Gains/	31 March
	1 April 2019	Income	Expenditure	(Losses)	2020
Unrestricted funds
General Funds−all funds	396,350	300,833	(312,699)	(6,213)	378,271
Endowment funds
Endowment Funds −all funds	8,583,148		(6,909)	(279,496)	8,296,743
Total of funds	8,979,498		(319,608)	(285,709)	8,675,014

**Analysis of net assets between **	funds −current	year
		Unrestricted	Endowment	Total
		funds	funds	funds
		2021	2021	2021
Fixed asset investments			4,960,219	4,960,219
Investmentproperty			4,129,964	4,129,964
Current assets	S	352,341	(245,255)	107,086
Creditors due within one year		(4,506)		(4,506)
Total		347,835	8,844,928	9,192,763

Analysis of net assets between funds −pri	or year
	Unrestricted	Endowment	Total
	funds	funds	funds
	2020	2020	2020
Fixed asset investments		4,479,044	4,479,044
Investment property		4,098,600	4,098,600
Current assets	382,651	(280,901)	101,750
Creditors due within one year	(4,380)		(4,380)
	378,271	8,296,743	8,675,014

			2021	2020
	Net income/expenditure for the year (as Activities)	per Statement of Financial	486,385	(304,484)
	Adjustments for:
	Gains/(losses) on investments		(557,193)	285,709
	Dividends, interests and rents from investments		(251,202)	(276,849)
	Decrease in debtors		5,593	2,470
	Increase in creditors		126	125
	Other non−cash transaction		653	385
	Net cash used In operating activities		(315,638)	(292,644)
17.	Analysis of cash and cash equivalents
			2021	2020
	Cash in hand		55,593	44,664
	Total cash and cash equivalents		55,593	4−4,664
18.	Analysis of changes In net debt
		At 1 April		At 31 March
		2020	Cash flows	2021
	Cash at bank and in hand	44,664	10,929	55,593
		44,664	10,929	55,593

At 31 March 2021 the Charity had commitments to make fut cancellable operating leases as follows:	ure minimum lease payments	under non
	2021	2020
	£	£
Not later than 1 year	340,970	340,970
Later than 1 year and not later than 5 years	608,178	903,198
Later than 5 years	36,725	53,675
	986,873	1,297,843