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|---|---|---|---|
|Reference and administrative|details ofthe charity, its trustees|and advisers||
|Trustees'
report|||2-5|
|Independent
examiner's
report||||
|Statement offinancial
activities||||
|Balance sheet||||
|Statement ofcash flows||||
|Notes to the financial statements|||10 - 19|
|Reference and administrative
details ofthe charity, its|Reference and administrative
details ofthe charity, its|Reference and administrative
details ofthe charity, its|Reference and administrative
details ofthe charity, its|trustees|and advisers|
|---|---|---|---|---|---|
|for the year|ended 31 March 2020|||||
|Trustees||C N M James OBE, DL||||
|||R G Holland-Martin||||
|Charity registered||||||
|number||326311||||
|Principal office||94 Old Church Street||||
|||London||||
|||SW3 6EP||||
|Chief executive officer||The Settlement|is administered|from 94|Old Church Street, London, SW3 6EP by|
|||the lead Trustee|R G Holland-Martin.|||
|Accountants||Kreston Reeves|LLP|||
|||Chartered
Accountants||||
|||Third Floor||||
|||24 Chiswell Street||||
|||London||||
|||EC1Y4YX||||
|Bankers||CAF Bank Limited||||
|||25 Kings
Hill Avenue||||
|||Kings
Hill||||
|||West Mailing||||
|||Kent||||
|||ME194JQ||||
|Solicitors||Charles Russell|Speechlys|||
|||Compass
House||||
|||Lypiatt Road||||
|||Cheltenham||||
|||Gloucestershire||||
|||GL50 2QJ||||
|Investment|managers|Brewin Dolphin||||
|||48 StVincent Street||||
|||Glasgow||||
|||G2 5TS||||
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|for the year ended|31 March 2020|||||
|---|---|---|---|---|---|
||||Unrestricted|Total|Total|
||||funds|funds|funds|
||||2020|2020|2019|
|||Note||||
|Income from:||||||
|Other trading
activities|||5,568|5,568||
|Investments|||33,490|33,490|35,133|
|Total income|||39,058|39,058|35,133|
|Expenditure
on:||||||
|Raising funds|||6,034|6,034|5,903|
|Charitable
activities||9,10|50,080|50,080|57,885|
|Total expenditure|||56,114|56,114|63,788|
|Net (losses)/gains|on investments||(111,852)|(111,852)|27,172|
|Net movement
in|funds||(128,908)|(128,908)|(1,483)|
|Reconciliation
of|funds:|||||
|Total funds brought|forward||928,279|928,279|929,762|
|Net movement
in funds|||(128,908)|(128,908)|(1,483)|
|Total funds carried forward|||799,371|799,371|928,279|
##
|as at 31 March 2|020||||||
|---|---|---|---|---|---|---|
|||||2020||2G19|
|||Note||E||E|
|Fixed assets|||||||
|Investments||13||800,386||928,824|
|Current assets|||||||
|Oebtora|||||33||
|Cash at bank and|in hand||3,083||3,661||
||||3,083||3,694||
|Creditors: amounts|failing due within one||||||
|yea(|||(4,098)||(4,239)||
|Net current
liabilities||||(1,015)||(545)|
|Net assete||||799,371||928,279|
|Charity funds|||||||
|Restricted funds||'I6|||||
|Unrestricted
funds||16||799,371||928,279|
|Total funds||||799,371||928,279|
||||||||2020|2019|
|---|---|---|---|---|---|---|---|---|
|||||||Note|||
|Cash flows from operating||activities|||||||
|Net cash|used
in operating|activities||||18|(56,222)|(63,706)|
|Cash flows from investing||activities|||||||
|Dividends|receivable||||||33,418|35,124|
|Interest receivable|||||||72|9|
|Proceeds|from the sale of chattels||||||5,568||
|Proceeds|from sale of investments||||||101,422|160,657|
|Purchase|of investments||||||(79,493)|(140,959)|
|Net cash|provided
by investing||activities||||60,987|54,831|
|Change|in cash and cash|equivalents||in|the year||4,765|(8,875)|
|Cash and|cash equivalents|at the|beginning||ofthe year||8,280|17,155|
|Cash and cash equivalents||at the end||of|the year||13,045|8,280|
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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2020|2020|2019|
|||F||F|
|Sale|ofchattel|5,568|5,568||
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||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2020|2020|2019|
|Dividends|33,418|33,418|35,124|
|Interest|72|72|9|
|Total 2020|33,490|33,490|35,133|
##
##
|Analysis ofgrants||||||
|---|---|---|---|---|---|
|||Education|Heritage
&|Total|Total|
|||and training|conservation|funds|funds|
|||2020|2020|2020|2019|
|Outward
Bound Trust||12,600||12,600|10,710|
|International
Trust for Croation|Monuments||4,000|4,000|3,800|
|British Exploring Society||15,000||15,000|30,000|
|London
Musical Theatre Orchestra||15,000||15,000|10,000|
|Total2020||42 600|4 000|46600|54 510|
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||||Unrestricted|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2020|2020|2019|
||||||F|
|Investment|management|fee|5,546|5,546|5,741|
|Insurance|ofchattels||33|33|102|
|Bank charges and interest|||59|59|60|
|Transport|costs ofchattels||396|396||
|Total 2020|||6,034|6,034|5,903|
|Total 2019|||5,903|5,903||
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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2020|2020|2019|
|Education|and training|44,340|44,340|52,398|
|Heritage|and conservation|5,740|5,740|5,487|
|Total 2020||50,080|50,080|57,885|
##
##
|||Activities||||
|---|---|---|---|---|---|
|||undertaken|Support|Total|Total|
|||directly|costs|funds|funds|
|||2020|2020|2020|2019|
||||||F|
|Education|and training|42,600|1,740|44,340|52,398|
|Heritage|and conservation|4,000|1,740|5,740|5,487|
|Total 2020||46,600|3,480|50,080|57,885|
|||||Education|Heritage|and|Total|Total|
|---|---|---|---|---|---|---|---|---|
|||||and training|conservation||funds|funds|
|||||2020||2020|2020|2019|
|||||||F||F|
|British Exploring Society||||15,000|||15,000|30,000|
|Outward|Bound Trust|||12,600|||12,600|10,710|
|International||Trust for Croation|Monuments||4,000||4,000|3,800|
|London|Musical Theatre Orchestra|||15,000|||15,000|10,000|
|Total 2020||||42,600|4,000||46,600|54,510|
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|||Education|Heritage|and|Total|Total|
|---|---|---|---|---|---|---|
|||and training|conservation||funds|funds|
|||2020||2020|2020|2019|
|Governance|costs|1,740||1,740|3,480|3,375|
##
|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2020|2020|2019|
|||||F|
|Independent|examination|2,980|2,980|2,900|
|Adminstrative|costs|500|500|475|
|Total 2020||3,480|3,480|3,375|
##
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|||Cash||
|---|---|---|---|
||Listed|awaiting||
||investments|investment|Totalf|
|Cost or valuation||||
|At 1 April 2019|924,205|4,619|928,824|
|Additions|79,493||79,493|
|Disposals|(102,613)||(102,613)|
|Revaluations|(110,661)||(110,661)|
|Movement
in cash||5,343|5,343|
|At 31 March 2020|790,424|9,962|800,386|
|Net book value||||
|At 31 March 2020|790,424|9,962|800,386|
|At 31March 2019|924,205|4,619|928,824|
##
|||2020|2019|
|---|---|---|---|
||||F|
|Due within|one year|||
|Prepayments|and accrued income||33|
##
|2020|2019|
|---|---|
||F|
|4,098|4,239|
##
|||||||||Balance at|
|---|---|---|---|---|---|---|---|---|
|||||Balance at 1|||Gains/|31 March|
|||||April 2019|Income|Expenditure|(losses)|2020f|
|Unrestricted||funds|||||||
|Reserves||||928,279|39,058|(56,114)|(111,852)|799,371|
|Statement of||funds|- prior year||||||
|||||||||Balance at|
|||||Balance at|||Gains/|31 March|
|||||1 April 2018|Income|Expenditure|(losses)|2019|
|||||E|E|E|E|F|
|Unrestricted||funds|||||||
|General|Funds - all||funds|929,762|35,133|(63,788)|27,172|928,279|
##
|Analysis of net assets between funds
-current pe|riod||
|---|---|---|
||Unrestricted|Total|
||funds|funds|
||2020|2020f|
|Fixed asset investments|800,386|800,386|
|Current assets|3,083|3,083|
|Creditors due within one year|(4,098)|(4,098)|
|Total|799,371|799,371|
##
##
|Analysis of net assets between funds
-prior period|||
|---|---|---|
||Unrestricted|Total|
||funds|funds|
||2019|2019|
||F|F|
|Fixed asset investments|928,824|928,824|
|Current assets|3,694|3,694|
|Creditors due within one year|(4,239)|(4,239)|
|l|928,279|928,279|
##
|18.|Reconciliation
of net|Reconciliation
of net|movement|in funds to net cash flow|in funds to net cash flow|from operating|activities||
|---|---|---|---|---|---|---|---|---|
||||||||2020|2019|
||Net expenditure
for|the period (as||per Statement|of Financial|Activities)|(128,908)|(1,483)|
||Adjustments
for:||||||||
||Losses / (Gains) on|investments|||||111,852|(27,172)|
||Dividends
receivable||||||(33,418)|(35,124)|
||Profit on sale ofchattel||||||(5,568)||
||Decrease/(increase)|in debtors|||||33|(6)|
||Increase/(decrease)|in|creditors||||(141)|88|
||Interest receivable||||||(72)|(9)|
||Net cash used in operating
activities||||||(56,222)|(63,706)|
|19.|Analysis ofcash and||cash equivalents||||||
||||||||2020|2019|
|||||||||F|
||Cash
in hand||||||3,083|3,661|
||Cash
in investment|capital account|||||9,962|4,619|
||Total cash and cash equivalents||||||13,045|8,280|
|20.|Analysis ofchanges||in net debt||||||
||||At 1 April||At 31 March|
|---|---|---|---|---|---|
||||2019|Cash flows|2020f|
|Cash|at bank and|in hand|3,661|(578)|3,083|
|Cash|equivalents||4,619|5,343|9,962|
||||8,280|4,765|13,045|
##
##
||||||2020|2019|
|---|---|---|---|---|---|---|
|Financial|assets||||||
|Financial|assets measured|at fair value through||income and expenditure|790,424|924,205|
|Financial|assets measured|at amortised|cost|||33|
||||||790,424|924,238|
||||||2020|2019|
|||||||F|
|Financial|liabilities||||||
|Financial|liabilities measured|at amortised|cost||4,098|4,239|
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