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||||Page|
|---|---|---|---|
|Reference and administrative|details ofthe charity, its trustees|and advisers||
|Trustees' report|||2-6|
|Independent
examiner's
report||||
|Statement offinancial activities||||
|Balance sheet||||
|Statement ofcash flows|||10|
|Notes to the financial statements|||11-22|
|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 period ended 30||September 2022||||
|Trustees||C N M James OBE||||
|||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, SW36EP by|
|||the lead Trustee|RG Holland-Martin.|||
|Accountants||Kreston Reeves|LLP|||
|||Chartered
Accountants||||
|||2nd Floor||||
|||168Shoreditch
High Street||||
|||London||||
|||E1 6RA||||
|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||||
|||48StVincent Street||||
|||Glasgow||||
|||G2 5TS||||
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|for the period|en|de|d 30September 2022|||||
|---|---|---|---|---|---|---|---|
||||||Unrestricted|Total|Total|
||||||funds|funds|funds|
||||||Period ended|Period ended||
||||||30September|30September|31 March|
||||||2022|2022|2021|
|||||Note|||E|
|Income from:||||||||
|Other trading
activities|||||12,590|12,590|4,598|
|Investments|||||17,320|17,320|27,531|
|Total income|||||29,910|29,910|32,129|
|Expenditure
on:||||||||
|Raising funds|||||5,810|5,810|5,309|
|Charitable
activities|||||868,967|868,967|63,686|
|Total expenditure|||||874,777|874,777|68,995|
|Net expenditure||before net gains on investments|||(844,867)|(844,867)|(36,866)|
|Net gains on investments|||||31,374|31,374|128,020|
|Net movement|in funds||||(813,493)|(813,493)|91,154|
|Reconciliation|offunds:|||||||
|Total funds brought|||forward||890,525|890,525|799,371|
|Net movement|in|funds|||(813,493)|(813,493)|91,154|
|Total funds carried forward|||||77,032|77,032|890,525|
##
##
||||||30|||
|---|---|---|---|---|---|---|---|
||||||September||31 March|
||||||2022||2021|
||||Note||||F|
|Fixed assets||||||||
|Investments|||13||||821,346|
|Current assets||||||||
|Debtors|||14|||1,350||
|Cash at bank|and|in hand||77,032||72,093||
|||||77,032||73,443||
|Creditors: amounts||falling due within one||||||
|year|||15|||(4,264)||
|Net current|assets||||77,032||69,179|
|Net assets|||||77,032||890,525|
|Charity funds||||||||
|Restricted funds|||16|||||
|Unrestricted|funds||16||77,032||890,525|
|Total funds|||||77,032||890,525|
|for the period ended 30S|eptemb|er 2022|||||
|---|---|---|---|---|---|---|
||||||Period||
||||||ended||
||||||30||
||||||September|31 March|
||||||2022|2021|
|||||Note|||
|Cash flows from operating|activities||||||
|Net cash used
in operating|activities|||18|(877,691)|(76,735)|
|Cash flows from investing|activities||||||
|Dividends
receivable|||||16,877|27,518|
|Interest receivable|||||443|13|
|Proceeds from sale ofchattels|||||12,590|4,598|
|Proceeds from sale of investments|||||847,950|251,104|
|Purchase ofinvestments||||||(142,680)|
|Net cash provided
by investing||activities|||877,860|140,553|
|Cash flows from financing|activities||||||
|Net cash provided
by financing||activities|||||
|Change in cash and cash|equivalents
in||the period||169|63,818|
|Cash and cash equivalents|at the|beginning|ofthe period||76,863|13,045|
|Cash and cash equivalents|at the end of||the period|19|77,032|76,863|
|The notes on pages 11to 22 form||part ofthese financial statements|||||
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||Unrestricted|Total||
|---|---|---|---|
||funds|funds||
||Period|Period|Total|
||ended|ended|funds|
||30|30||
||September|September|31 March|
||2022|2022|2021|
||||E|
|Dividends|16,877|16,877|27,518|
|interest|443|443|13|
|Total|17,320|17,320|27,531|
##
|Analysis ofgrants|||||||
|---|---|---|---|---|---|---|
||||Education|Heritage 8|Total|Total|
||||and training|conservation|funds|funds|
||||2022|2022|2022|2021|
||||||f||
|British Exploring Society|||220,000||220,000|15,000|
|International
Trust for Croation||Monuments||10,000|10,000|4,000|
|City &Guilds of London Art School|||25,000||25,000||
|Buchanan
Trust|||20,000||20,000||
|SAS Regimental
Association|||5,000||5,000||
|LOOK|||80,000||80,000||
|Shallowford
Trust|||45,000||45,000||
|London Musical Theatre Orchestra|||175,000||175,000|28,000|
|Outward
Bound Trust|||180,000||180,000|13,136|
|Watercolour
World|||10,000||10,000||
|People's Dispensary|for Sick Animals||18,000||18,000||
|Normandy
Memorial|Trust||50,000||50,000||
|Landmark
Trust|||25 000||25 000||
|Total|||853000|10000|863 000|60 136|
##
##
##
||||Unrestricted|Total||
|---|---|---|---|---|---|
||||funds|funds||
||||Period|Period|Total|
||||ended|ended|funds|
||||30|30||
||||September|September|31 March|
||||2022|2022|2021|
||||f.|||
|Bank charges|||170|170|86|
|Insurance|||190|190||
|Investment|management|fees|3,147|3,147|5,223|
|Commissions|||2,303|2,303||
|Total|||5,810|5,810|5,309|
##
|||Unrestricted|||
|---|---|---|---|---|
|||funds|Total||
|||Period|Period||
|||ended|ended|Total|
|||30|30||
|||September|September|31 March|
|||2022|2022|2021|
|Education|and training|858,967|858,967|57,911|
|Heritage|and conservation|10,000|10,000|5,775|
|Total||868,967|868,967|63,686|
##
|||||||Activities|||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||undertaken|Support|Total|||
|||||||directly|costs|funds|||
|||||||Period|Period|Period||Total|
|||||||ended|ended|ended||funds|
|||||||30|30|30|||
|||||||September|September|September|31|March|
|||||||2022f|2022|2022f||2021|
|Education||and training||||853,317|5,650|858,967|57,911||
|Heritage|and conservation|||||10,000||10,000||5,775|
|Total||||||863,317|5,650|868,967|63,686||
|Analysis|ofdirect|||costs|||||||
|||||||Education||Total|||
|||||||and training|Heritage and|funds|||
|||||||Period|conservation|Period||Total|
|||||||ended|Period ended|ended||funds|
|||||||30|30|30|||
|||||||September|September|September|31 March||
|||||||2022f|2022f|2022f||2021f|
|Nomandy|Memorial|||Trust||50,000||50,000|||
|People's|Dispensary|||for Sick Animals||18,000||18,000|||
|British Exploring|||Society|||220,000||220,000|15,000||
|Outward|Bound||Trust|||180,000||180,000|13,136||
|International||Trust for Croation|||Monuments||10,000|10,000||4,000|
|London Musical|||Theatre Orchestra|||175,000||175,000|28,000||
|LOOK||||||80,000||80,000|||
|Shallowford||Trust.||||45,000||45,000|||
|City 8 Guilds of|||London Art School|||25,000||25,000|||
|Buchanan||Trust||||20,000||20,000|||
|SAS Regimental|||Association|||5,000||5,000|||
|Landmark||Trust||||25,000||25,000|||
|Travel and||Subsistence||||317||317|||
|Watercolour
World||||||10,000||10,000|||
|Total||||||853,317|10,000|863,317|60,136||
##
##
|||Education||Total||
|---|---|---|---|---|---|
|||and training|Heritage and|funds||
|||Period|conservation|Period|Total|
|||ended|Period ended|ended|funds|
|||30|30|30||
|||September|September|September|31 March|
|||2022f|2022|2022
K|2021
E|
|Governance|costs|5,650||5,650|3,550|
##
|||Unrestricted|Total|||
|---|---|---|---|---|---|
|||funds|funds|||
|||Period|Period||Total|
|||ended|ended||funds|
|||30|30|||
|||September|September|31|March|
|||2022|2022||2021|
|||F|R|||
|Administrative|costs|950|950||450|
|Independent|examination|4,700|4,700||3,100|
|Total||5,650|5,650||3,550|
##
##
|||||Cash||
|---|---|---|---|---|---|
||||Listed|awaiting||
||||investments|investment|Total|
||||K|F||
||Cost or valuation|||||
||At 1 April 2021||816,576|4,770|821,346|
||Disposals||(847,950)|(4,770)|(852,720)|
||Revaluations||31,374||31,374|
||At 30September 2022|||||
||Net book value|||||
||At 30September 2022|||||
||At 31 March 2021||816,576|4,770|821,346|
|14.|Debtors|||||
|||||30||
|||||September|31 March|
|||||2022|2021|
||Due within one year|||||
||Other debtors||||1,350|
|15.|Creditors: Amounts|falling due within one year||||
|||||30||
|||||September|31 March|
|||||2022|2021|
||Accruals||||4,264|
##
|||||||||Balance at|
|---|---|---|---|---|---|---|---|---|
|||||||||30|
|||||Balance at 1|||Gains/|September|
|||||April 2021|Income|Expendituref|(Losses)
f|2022
f|
|Unrestricted|funds||||||||
|Reserves||||890,525|29,910|(874,777)|31,374|77,032|
|Statement|offunds|- prior|year||||||
|||||||||Balance at|
|||||Balance at|||Gains/|31 March|
|||||1 April 2020f|Income|Expenditure|(Losses)f|2021|
|Unrestricted|funds||||||||
|Reserves||||799,371|32,129|(68,995)|128,020|890,525|
##
|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||30|30|
|||September|September|
|||2022f|2022f|
|Current|assets|77,032|77,032|
|Total||77,032|77,032|
##
##
|Analysis ofnet assets between funds - prior year|||
|---|---|---|
||Unrestricted|Total|
||funds|funds|
||31 March|31 March|
||2021|2021|
||E|F|
|Fixed asset investments|821,346|821,346|
|Current assets|73,443|73,443|
|Creditors due within one year|(4,264)|(4,264)|
|Ttl|890,525|890,525|
##
##
||||||Period||
|---|---|---|---|---|---|---|
||||||ended||
||||||30||
||||||September|31 March|
||||||2022|2021|
|Net income/expenditure|||for|the period (as per Statement of Financial|||
|Activities)|||||(813,493)|91,154|
|Adjustments
for:|||||||
|Losses /|(Gains) on|investments|||(31,374)|(134,576)|
|Dividends|receivable||||(16,877)|(27,518)|
|Profit on|sale of chattels||||(12,590)|(4,598)|
|Decrease/(increase)||in|debtors||1,350|(1,350)|
|Increase/(decrease)||in|creditors||(4,264)|166|
|Interest receivable|||||(443)|(13)|
|Net cash|used in operating|||activities|(877,691)|(76,735)|
##
|||||||||||30||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||September|31 March|
|||||||||||2022|2021|
||Cash|in hand||||||||77,032|72,093|
||Cash|in investment|||capital account||||||4,770|
||Total|cash and cash||||equivalents||||77,032|76,863|
|20.|Analysis||ofchanges|||in net debt||||||
||||||||||||At 30|
||||||||||At 1 April||September|
||||||||||2021|Cash flowsf|2022|
||Cash|at bank and||in|hand||||72,093|4,939|77,032|
|21.|Financial||instruments|||||||||
|||||||||||30||
|||||||||||September|31 March|
|||||||||||2022|2021|
||Financial||assets|||||||||
||Financial||assets measured||||at fair value through||income and expenditure|77,032|816,576|
|||||||||||30||
|||||||||||September|31 March|
|||||||||||2022|2021|
||Financial||liabilities|||||||||
||Financial||liabilities|measured|||at amortised|cost|||4,264|