|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|4|
|Report ofthe Independent
Auditors|5|to|7|
|Statement ofFinancial Activities||||
|Balance Sheet||||
|Notes tothe Financial Statements|10|to|16|
|Detailed Statement ofFinancial Activities||17||
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|||||2021|2020|
|---|---|---|---|---|---|
|||||Unrestricted|Total|
|INCOME AND ENDOWMENTS||FROM|Notes|fundsI|fundsI|
|Investment
income
Other income||||237,089
3,667|338,715|
|Total||||240,756|338,715|
|EXPENDITURE ON||||||
|Raising funds||||25,141|1,200|
|Charitable
activities||||||
|General||||132,849|258,931|
|Total||||157,990|260,131|
|Net gains/(losses)
on|investments|||1,114,970|(995,138)|
|NET INCOME/(EXPENDITURE)||||1,197,736|(916,554)|
|RECONCILIATION|OF FUNDS|||||
|Total funds brought|forward|||5,882063|6~798,617|
|TOTAL FUNDS CARRIED FORWARD||||7,079,799|5,882,063|
##
||||2021|2020|
|---|---|---|---|---|
||||Unrestricted|Total|
|FIXEDASSETS||Notes|funds|f'unds|
|Inveslments|||5||
|CURRENT ASSETS|||6,689,801|5,639,228|
|Debtors: amounts
Cash at bank|falling due within one year|7|||
||||14,620
380,179|26,858
220,777|
|CREDITORS|||394,799|247,635|
|Amounts
falling due|within one year||||
||||(4,801)|(4,800)|
|NET CURRENT ASSETS|||||
||||389,998|242,835|
|TOTAL ASSETSLESSCURRENT LIABILlTIES|||||
||||7,079,799|5,882,063|
|NETASSETS|||||
|FUNDS|||7,079,799|5,882,063|
|Unrestricted
funds|||||
|TOTAL FUNDS|||7,079,799|5,882,063|
||||7,079,799|5,882,063|
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|NOTES TO THE FINANCIAL STATEMENTS -continued|NOTES TO THE FINANCIAL STATEMENTS -continued|NOTES TO THE FINANCIAL STATEMENTS -continued|NOTES TO THE FINANCIAL STATEMENTS -continued|||
|---|---|---|---|---|---|
|FOR|THE YEAR ENDED 31MARCH||2021|||
|2.|INVESTMENT INCOME|||||
||Other fixed asset invest - FII
Interest receivable - trading|||2021I
237,077
12|2020I
338,666
49|
|||||237,089|338,715|
|3.|RAISING FUNDS|||||
||Investment
management|costs||||
||Portfolio management|||2021
f
25,141|2020I
1,200|
|4.|TRUSTEES' REMUNERATION||AND BENEFITS|||
|TRUSTEES' REMUNERATION
AND|TRUSTEES' REMUNERATION
AND|BENEFITS|BENEFITS|||||
|---|---|---|---|---|---|---|---|
|There were no trustees'
remuneration
31 March 2020.||or other benefits||for the|year ended 31 March|2021 nor|for the year
ended|
|Trustees' expenses||||||||
|Expenses of INil (2020: 61,248)
to grant giving.|were|reimbursed|to a|Trustee|in respect of personal|expenses|incurred
relating|
|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES||||||||
||||||||Unrestdicted|
|INCOME AND ENDOWMENTS|FROM||||||fundsI|
|Investment
income||||||||
||||||||338,715|
|EXPENDITURE ON||||||||
|Raising funds||||||||
||||||||1,200|
|Charitable
activities||||||||
|General||||||||
||||||||258,931|
|Total||||||||
||||||||260,131|
|Net gains/(losses)
on investments|||||||(995,138)|
|NET INCOME/(EXPENDITURE)|||||||(916,554)|
|RECONCILIATION
OF FUNDS||||||||
|Total funds brought forward|||||||6,798,617|
|TOTAL FUNDS CARRIED FORWARD|||||||5,882,063|
##
|||||Listed|
|---|---|---|---|---|
|||||investments|
|MARKET VALUE|||||
|At 1 April 2020|||||
|Additions||||5,639,228|
|Disposals||||2,438,800|
|Revaluations||||(2,766,089)|
|impairments||||1,440,131|
|||||(62,269)|
|At 31 March 2021|||||
|||||6,689,801|
|NET BOOK VALUE|||||
|At 31 March 2021|||||
|||||6,689,801|
|At 31 March 2020|||||
|||||5,639,228|
|There were no investment||assets outside the UK.|||
|Cost or valuation|at 31 March 2021 is represented||by:||
|||||Listed|
|||||investments|
|Valuation
in 2021||||6|
|Cost||||1,377,860|
|||||5,311,,941|
|||||6,689,801|
##
|||2021|2020|
|---|---|---|---|
|Other debtors||||
|Prepayments|and accrued income|1,000|1,217|
|||13,620|25,641|
|||14,620|26,858|
##
|FO|
R THE YEAR ENDED 31MARCH 2021|
R THE YEAR ENDED 31MARCH 2021|
R THE YEAR ENDED 31MARCH 2021||||
|---|---|---|---|---|---|---|
|8.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||||||
||||||2021|2020|
||Other creditors||||f
4,801|f
4,800|
|9.|MOVEMENT IN FUNDS||||||
|||||Net|Transfers||
||Unrestricted
funds||At' 1.4.20
f|movement
in funds
f|between
funds
f|At
31.3.21
f|
||General fund
Ordinary
Shares
Preference shares, PIBS||212,191
2,456,254|23,317
612,122|793,313|235,508
3,861,689|
||Newton
global fund||1,306,488|113,699|(793,313)|626,874|
||||1,907,130|448,598||2,355,728|
||||5,882,063|1,197,736||7,079,799|
||TOTAL FUNDS||5,882,063|1,197,736||7,079,799|
||Net movement
in funds,|included|in the above are as follows:||||
||||Incoming|Resources|Gains and|Movement|
||Unrestricted
funds||resources
f|expended
f|losses
f|in funds
f|
||General fund
Ordinary
Shares
Preference shares, PIBS||195,495
(1)|(157,990)|(14,188)
612,123|23,317
612,122|
||Newton
globalfund||||113,699|113,699|
||||45,262||403,336|448,598|
||||240,756|(157,990)|1,114,970|1,197,736|
||TOTAL FUNDS||240,756|(157,990)|1,114,970|1,197,736|
##
##
##
||||Net||
|---|---|---|---|---|
||||movement|Ai'|
|Unrestricted
funds||At 1xh19|in funds
I|31.3.20
I|
|General
fund
Ordinary
Shares
Preference shares, PIBS||133,607
3,069,971|78,584
(613,717)|212,191
2,456,254|
|Newton|global fund|1,499,024|(192,536)|1,306,488|
|||2,096,015|(188,885)|1,907,130|
|||6,798,617|(916,554)|5,882,063|
|TOTAL|FUNDS|6,798,617|(916,554)|5,882,063|
|Compar|ative
net movement
in funds,
i|ncluded
in the above are a|s follows:|||
|---|---|---|---|---|---|
|||Incoming|Resources|Gains and|Movement|
|Unrestricted
funds||resources
I|expended
I|losses
I|in funds
I|
|General fund
Ordinary
Shares
Preference shares, PISS||338,715|(260,131)|(613,717)|78,584
(613,717)|
|Newton|globalfund|||(192,536)|(192,536)|
|||||(188,885)|(188,885)|
|||338,715|(260,131)|(995,138)|(916,554)|
|TOTAL|FUNDS|338,715|(260,131)|(995,138)|(916,554)|
##
##
||||Net|Transfers||
|---|---|---|---|---|---|
||||movement|between|At'|
|Unrestricted
funds||At 13L19|in funds
I|fundsI|31.3.21
6|
|General
fund
Ordinary
Shares
Preference shares, PIBS||133,607
3,069,971|101,901
(1595)|793,313|235,508
3,861,689|
|Newton|global fund|1,499,024|(78,837)|(793,313)|626,874|
|||2,096,015|259,713||2,355,728|
|||6,798,617|281,182||7,079,799|
|TOTAL|FUNDS|6,798,617|281,182||7,079,799|
|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|Unrestricted
funds||resources
I|expended
f|losses|in funds|
|General fund
Ordinary
Shares
Preference shares, PISS||534,210
(1)|(418,121)|(14,188)
(1,594)|101,901
(Ii595)|
|Newton|global fund|||(78,837)|(78,837)|
|||45,262||21'i,451|259,713|
|||579,471|(418,121)|119,832|281,182|
|TOTAL|FUNDS|579,471|(418,121)|119,832|281,182|
##
##
##
|FOR THE YEAR ENDE|D 31|MARCH 2021|||
|---|---|---|---|---|
||||2021I|2020I|
|INCOME AND ENDOWMENTS|||||
|Investment
income|||||
|Other fixed asset invest
—FII
Interest receivable
—trading|||237,077
12|338,666
49|
||||237,089|338,715|
|Other income|||||
|Income from class action|||3,667||
|Total incoming
resources|||240,756|338,715|
|EXPENDITURE|||||
|Investment
management||costs|||
|Portfolio management|||25,141|1,200|
|Charitable
activities|||||
|Administrative
&meeting
Grants to individuals|costs||195
127,652|1,984
251,799|
||||127,847|253,783|
|Support costs|||||
|Other|||||
|8ank fees|||202|348|
|Governance costs|||||
|Audit remuneration
costs
Accountancy
and legal fees|||3,300
1,500|3,300
1,500|
||||4,800|4,800|
|Total resources expended|||157,990|260,131|
|Net income before gains and losses|||82,766|78,584|
|Realised recognised gains||and losses|||
|Realised gains/(losses)
on|fixed asset||||
|investments|||(306,864)|(995,138)|
|Net expenditure|||(224,098)|(916,554)|