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|||Pages|
|---|---|---|
|Trustees'
annual
report||1 to 4|
|Independent
examiner's
report to the trustees|||
|Statement offinancial|activities||
|Statement offinancial|position||
|Notes to the financial|statements|8to 17|
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|Registered|charity name|charity name|The Elmgrant|Trust|Trust|
|---|---|---|---|---|---|
|Charity registration||number|313398|||
|Principal office|||Elmhirst Centre|||
||||Dartington
Hall|||
||||Totnes|||
||||Devon|||
||||TQ9 6EL|||
|The trustees|||M.B.Ash||-Chairperson|
||||S.Young|||
||||P.B.Elmhirst|||
||||M.R.W. Sharman|||
|Committee|ofmanagement||D.J.Young|||
||||A. Daftari|||
||||T. Lane|||
|Company secretary|||Mrs. A. Critchlow||Horning|
|Independent|examiner||Paul Cridland|FCA||
||||61 Macrae Road|||
||||Harn Green|||
||||Bristol|||
|Bankers|||Lloyds TSBBank||Pic|
||||41 Courtenay|Street||
||||Newton Abbot|||
||||Devon|||
||||TQ12 2QW|||
||||CAF Bank Limited|||
||||PO Box289|||
||||West Mailing|||
||||Kent|||
||||ME194JQ|||
|Investment|managers||Investec|||
||||30Gresham Street|||
||||London|||
||||EC2V 7QP|||
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|||||||2021||2020|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Endowment|||
||||||funds|funds|Total funds|Total funds|
|||||Note|E|6|8||
|Income and endowments|||||||||
|Investment
income||||||66,927|88,944|89,164|
|Total income|||||17|66,927|68,944|89,164|
|Expenditure|||||||||
|Expenditure
on raising funds:|||||||||
|Investment
management|||costs|5||19,159|19,159|19,901|
|Expenditure
on charitable||activities||8,7|96,511||98,511|102,188|
|Total expenditure|||||96,511|19,159|115,870|122,089|
|Net gains/(losses)|on investments|||10||(443,509)|(443,509)|309,675|
|Net income/(expenditure)|||||(96,494)|491,277|394,783|(342,600)|
|Transfers
between|funds||||93,000|(93,000)|||
|Net movement
in|funds||||(3,494)|398,277|394,783|(342,600)|
|Reconciliation
of|funds||||||||
|Total funds
brought|forward||||44,442|2,443,394|2,487,836|2,830,436|
|Total funds carried forward|||||40,948|2,841,671|2,882,819|2,487,836|
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|Fixed assets||Note|2021
5|2020
f|
|---|---|---|---|---|
|Tangible fixed assets
Investments||16
17|300
2,832,417|350
2,434,454|
||||2,832,717|2,434,804|
|Current assets|||||
|Debtors
Cash at bank and in|hand|18|16,933
38,674|16,618
42,003|
||||55,607|58,62'I|
|Creditors: amounts|failing due within one year|19|5,705|5,589|
|Net current assets|||49,902|53,032|
|Total assets less current liabilities|||2,882,619|2,487,836|
|Net assets|||2482,619|2,487,836|
|Funds ofthe charity|||||
|Endowment
funds
Unrestricted
funds|||2,841,671
40,948|2,443,394
44,442|
|Total charity funds||21|2,882,619|2,487,836|
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|prepayment
Investment|will lead to a
income|reduction
in fu|ture payments
or a|cash refund.|||
|---|---|---|---|---|---|---|
|||||Unrestricted|Endowment|Total Funds|
|||||Funds|Funds|2021|
|||||6||6|
|Income from|listed investments||||66,927|66,927|
|Bank interest|receivable|||17||17|
|||||17|66,927|66,944|
|||||Unrestricted|Endowment|Total Funds|
|||||Funds|Funds|2020|
|||||6|6|6|
|Income from|listed investments||||89,095|89,095|
|Bank interest|receivable|||69||69|
|||||69|89,095|89,164|
|Investment|management|costs|||||
||||Endowment|Total Funds|Endowment|Total Funds|
||||Funds|2021|Funds|2020|
||||||F||
|Portfolio management|||19,159|19,169|19,901|19,901|
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||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds
6|2021
f|Funds|2020|
|Education
and educational
research
Arts and arts research
Social sciences and science
Pensions and compassionate|15,618
16,763
25,484
19,100|15,618
16,763
25,484
19,100|13,135
17,960
35,842
14,296|13,135
17,960
35,842
14,296|
|Support costs|19,546|19,546|20,955|20,955|
||96,511|96,511|102,188|102,188|
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|Expenditure
on charitable
activities by|activity type||||
|---|---|---|---|---|
||Activities||||
||undertaken||Total funds|Total fund|
||directly
f|Supportcosts
6|2021
6|2020
E|
|Education
and educational
research
Arts and arts research
Social sciences and science
Pensions and compassionate
Governance
costs|15,618
16,763
25,484
19,100|2,447
3,991
2,625
2,991
7,492|18,065
20,754
28,109
22,091
7,492|15,192
23,575
38,656
16,536
8,229|
||76,965|19,546|96,511|102,188|
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|Ye|ar ended 31 March 2021|||
|---|---|---|---|
|9.|Analysis ofgrants|||
|||2021|2020|
|||6|5|
||Grants to institutions|||
||Grants to institutions|73,165|79,178|
||Grants to individuals|||
||Grants to individuals|3,800|2,055|
||Total grants|76,965|81,233|
|During the|year 82 (2020:81)grants|were paid to institutions.|8 grants were paid to individuals|
|---|---|---|---|
|The major|grants paid to institutions|of52,000 and over in the|year were:|
|Widecombe|Community
Hall CIO||52,500|
|Our Only World|||52,500|
|Wadebridge|Foodbank and Storage||22,600|
|Falmouth
and Penryn Welcome Refugee Families|||52,500|
|10.|Net gains/(lo||sses)
on|in|vestmen|t|s|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||Endowment|Total Funds|Endowment||Total Funds|
||||||||||Funds|2021||Funds|2020|
||||||||||F|||F|5|
||Gains/(losses)||on other|investment|||assets||443,509|443,509||(309,675)|(309,675)|
|11.|Net income/(expenditure)|||||||||||||
||Net income/(expenditure)||||is stated||after charging/(crediting):|||||||
|||||||||||||2021|2020|
|||||||||||||6|f|
||Depreciation||oftangible|fixed assets||||||||50|50|
|12.|Independent||examination||fees|||||||||
|||||||||||||2021|2020|
|||||||||||||6||
||Fees payable||to the independent|||examiner||for:||||||
||Independent|examination|||ofthe financial statements|||||||1,500|1,500|
|13.|Staffcosts|||||||||||||
||The total staff||costs and|employee|||benefits|for|the reporting|period are analysed||as follows:||
|||||||||||||2021|2020|
|||||||||||||6|F|
||Wages and salaries|||||||||||12,428|12,257|
||Employer contributions|||to|pension||plans|||||373|369|
|||||||||||||12,801|12,626|
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|Tangible fixed assets|||
|---|---|---|
||Equipment|Total|
||E|6|
|Cost|||
|At 1 April 2020 and 31 March 2021|2,195|2,195|
|Depreciation|||
|At 1 April 2020|1,845|1,645|
|Charge for the year|50|50|
|At 31 March 2021|1,895|1,995|
|Carrying
amount|||
|At 31 March 2021|300|300|
|At 31 March 2020|350|350|
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|s to the Financial Statements
f ondnuedJ
ended 31Ilarch 2021||||
|---|---|---|---|
|Investments||||
||Cash or cash|Listed||
||equivalents|investments|Total|
||F||6|
|Cost orvaluation||||
|At 1 April 2020|116,559|2,317,895|2,434,454|
|Additions||616,743|618,743|
|Disposals
Fair value movements||(567,643)
443,509|(567,643)
443,509|
|Other movements|(96,646)||(96,646)|
|At 31 March 2021|19,913|2,612,504|2,832,417|
|Impairment||||
|At 1 April 2020 and 31 March 2021||||
|Carrying
amount||||
|At 31 March 2021|19,913|2,812,504|2,832,417|
|At 31 March 2020|116,559|2,317,895|2,434,454|
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|an active mark
Debtors|et at th|
e balance sheet date.|
|
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|---|---|---|---|---|
||||2021|2020|
||||F||
|Prepayments|and accrued income||16,933|16,616|
|Creditors: amounts||falling due within one year|||
||||2021|2020|
||||6||
|Accruals and deferred
income
Social security
and other taxes|||5,260
217|5,260
217|
|Other creditors|||228|112|
||||5,706|5,569|
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|||||||||Gains and|At|
|---|---|---|---|---|---|---|---|---|---|
||||At 1 Apr 2020||Income
F.|Expenditure
F|Transfers
f|losses|31Mar 2021
E|
|General|funds|||44,442|17|(96,511)|93,000||40,948|
|||||||||Gains and|At|
||||At 1 Apr 2019||Income
f|Expenditure|Transfers|losses
F|31 Mar 2020
F|
|General|funds|||49,561|69|(102,188)|97,000||44,442|
|Endowment||funds||||||||
|||||||||Gains and|At|
||||At 1 Apr 2020
E||Income
E|Expenditure|Transfers
f|losses
F|31Mar 2021
K|
|Expendable||||||||||
|Endowment||Fund||||||||
|-Capital|Fund|||2,443,394|66,927|(19,159)|(93,000)|443,509|2,841,871|
|||||||||Gains and|At|
||||At 1|Apr 2019|Income|Expenditure|Transfers|losses|31 Mar 2020|
|||||||E|||F|
|Expendable||||||||||
|Endowment||Fund||||||||
|-Capital|Fund||2,780,875||89,095|(19,901)|(97,000)|(309,675)|2,443,394|
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|Analysis ofnet as|sets between funds||||
|---|---|---|---|---|
|||Unrestricted|Endowment|Total Funds|
|||Funds|Funds
f|2021
E|
|Tangible fixed assets||300||3DD|
|Investments||2,365|2,830,052|2,832,417|
|Current assets||43,988|11,619|55,8D7|
|Creditors less than|1 year|(5,705)||(5,705)|
|Net assets||40,948|2,841,671|2,882,819|
|||Unrestricted|Endowment|Total Funds|
|||Funds|Funds|2020|
|||F||f|
|Tangible
fixed assets||350||350|
|Investments||2,365|2,432,089|2,434,454|
|Current assets||47,316|11,305|58,621|
|Creditors less than|1 year|(5,589)||(5,589)|
|Net assets||44,442|2,443,394|2,487,836|
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|Financial in|struments||||||
|---|---|---|---|---|---|---|
|The carrying|amount
for each|category offinancial|instrument|is as follows:|||
||||||2021|2020|
|||||||g|
|Financial assets measured||at fair value through|income|and expenditure|||
|Fixed assets|investments||||2,832,417|2,434,454|