| Page | Page | ||
|---|---|---|---|
| Chairman's Report |
|||
| Report ofthe Trustees | |||
| 2 to | 6 | ||
| Report ofthe Independent | Auditors | 7 to | 9 |
| Statement ofFinancial Activities | |||
| Statement ofFinancial Position | |||
| Statement ofCash Flows | 12 | ||
| Notes to the Statement of | Cash Flows | 13 | |
| Notes to the Financial Statements | 14 to | 24 | |
| Detailed Statement of Financial Activities | 25 to | 26 |
| 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||||
| INCOME AND | ENDOWMENTS | FROM | Notes | funds f |
fund f |
funds f |
funds f |
|
| Donations and |
legacies | 3 | 308,527 | 426,000 | 734,527 | 570,141 | ||
| Investment income Other income |
4 | 268,416 123,765 |
268,416 123,765 |
183,569 16,685 |
||||
| Total | ||||||||
| 700,708 | 426,000 | 1,126,708 | 770,395 | |||||
| EXPENDITURE ON | ||||||||
| Raising funds | ||||||||
| Raising donations and legacies |
21,858 | 21,858 | 23,053 | |||||
| 21,858 | 21,858 | 23,053 | ||||||
| Charitable activities |
||||||||
| Arts | ||||||||
| Education Medicine Scholarships and Archive Trust |
Grants | 180,509 67,884 62,500 |
94,655 7,700 105,000 |
94,655 188,209 172,884 62,500 |
105,774 131,784 119,526 10,500 |
|||
| Other Charities Science Economics |
773 36,600 5,450 |
170,000 | 170,000 773 36,600 5,450 |
245,000 16,412 30,415 16,369 |
||||
| Other | ||||||||
| 10,411 | 10,411 | 8,846 | ||||||
| Total | ||||||||
| 385,985 | 377,355 | 763,340 | 707,679 | |||||
| Net gains/(losses) | on investments | 396,419 | 396,419 | (256,625) | ||||
| NET INCOME/(EXPENDITURE) | 711,142 | 48,645 | 759,787 | (193,909) | ||||
| RECONCILIATION | OF FUNDS | |||||||
| Total funds brought forward | 2,893,569 | 8,750 | 2,902,319 | 3,096,228 | ||||
| TOTAL FUNDS CARRIED FORWARD | 3,604,711 | 57,395 | 3,662,106 | 2,902,319 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| FIXEDASSETS | Notes | funds f |
fund f |
funds f |
funds f |
|
| Investments | 11 | 3,069,689 | 3,069,689 | 2,593,936 | ||
| CURRENT ASSETS | ||||||
| Debtors: amounts | falling due within one | |||||
| year Debtors: amounts |
falling due after more | 12 | 304,916 | 304,916 | 6,047 | |
| than one year Cash at bank |
12 | 100,000 135,106 |
57,395 | 100,000 192,501 |
100,000 207,336 |
|
| 540,022 | 57,395 | 597,417 | 313,383 | |||
| CREDITORS | ||||||
| Amounts falling due within one year |
(5,000) | (5,000) | (s,ooo) | |||
| NET CURRENT ASSETS | 535,022 | 57,395 | 592,417 | 308,383 | ||
| TOTAL ASSETS LESS | CURRENT LIABILITIES | 3,604,711 | 57,395 | 3,662,106 | 2,902,319 | |
| NETASSETS | ||||||
| 3,604,711 | 57,395 | 3,662,106 | 2,902,319 | |||
| FUNDS | 14 | |||||
| Unrestricted funds |
||||||
| Restricted funds | 3,604,711 | 2,893,569 | ||||
| 57,395 | 8,750 | |||||
| TOTAL FUNDS | ||||||
| 3,662,106 | 2,902,319 |
| Notes | 2021 f |
2020 f |
||
|---|---|---|---|---|
| Cash flows from operating activities |
||||
| Cash generated from operations |
(64,713) | 42,063 | ||
| Net cash (used in)/provided by operating |
activities | (64,713) | 42,063 | |
| Cash flows from investing activities |
||||
| Purchase offixed asset investments Sale offixed asset investments Movement in investment cash Interest received |
(1,323,613) 1,117,478 250,566 5,447 |
(688,114) 771,291 (189,852 ) 5,774 |
||
| Net cash provided by/(used in) investing |
activities | 49,878 | (100,901) | |
| Change in cash and cash equivalents |
in | |||
| the reporting period Cash and cash equivalents at the |
(14,835) | (58,838) | ||
| beginning ofthe reporting period |
207,336 | 266,174 | ||
| Cash and cash equivalents at the end |
||||
| ofthe reporting period |
192,501 | 207,336 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Net income/(expenditure) for the reporting Statement ofFinancial Activities) Adjustments for: |
period (as per the | f 759,787 |
f (193,909) |
|
| (Gain)/losses on investments |
||||
| Interest received | (396,419) | 256,282 | ||
| Profit on disposal ofinvestments | (5,447) | (5,774) | ||
| (Increase)/decrease in debtors |
(123,765) | (16,685) | ||
| Decrease in creditors | (298,869) | 52,149 | ||
| (50,000) | ||||
| Net cash (used in)/provided | by operations | (64,7131 | 42,063 |
| Net | cash | At 6.4.20 f |
Cash flow f |
At 5.4.21 f |
|---|---|---|---|---|
| Cash | at bank | |||
| 207,336 | (14,835) | 192,501 | ||
| 207,336 | (14,835) | 192,501 | ||
| Total | ||||
| 207,336 | (14,835I | 192,501 |
| DONATIONS AND LEGACIES | ||
|---|---|---|
| 2021 | 2020 | |
| Donations | f | f |
| 734,527 | 570,141 | |
| INVESTMENT INCOME | ||
| 2021 | 2020 | |
| Dividend income |
f | f |
| Deposit account interest Loan interest |
262,969 447 |
177,795 774 |
| 5,000 | 5,000 | |
| 268,416 | 183,569 | |
| CHARITABLE ACTIVITIES COSTS | ||
| 2021 | 2020 | |
| Grants payable (see note 6) Other |
f 731,071 |
f 675,780 |
| 10,080 | 8,621 | |
| 741,151 | 684,401 | |
| GRANTS PAYABLE | ||
| 2021 | 2020 | |
| Arts | f | f |
| Education | 94,655 | 105,774 |
| Medicine | 188,209 | 131,784 |
| Scholarships and Grants Archive Trust |
172,884 62,500 |
119,526 10,500 |
| Other Charities | 170,000 | 245,000 |
| Science | 773 | 16,412 |
| Economics | 36,600 | 30,415 |
| 5,450 | 16,369 | |
| 731,071 | 675,780 |
| Governance | |||||
|---|---|---|---|---|---|
| Other | resources | expended | Finance f 331 |
costs f 10,080 |
Totals f 10,411 |
| 2021 | 2020 | ||
|---|---|---|---|
| Other | |||
| resources | Total | ||
| expended | activities | ||
| Bank charges | f 331 |
f 225 |
|
| Governance | costs | ||
| 2021 | 2020 | ||
| Other | |||
| resources | Total | ||
| expended | activities | ||
| Accountancy | fees | f | f |
| Audit Fees | 1,600 | 3,805 | |
| Legal Fees | 4,880 | 4,760 | |
| Exchange difference | 3,600 | ||
| 56 | |||
| 10,080 | 8,621 |
| COMPRTIVES | FOR THE STA | TEMENT OF FINAN | CIAL ACTIVITIES | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Tota I | |||
| funds | fund | funds | |||
| INCOME AND ENDOWMENTS | FROM | f | f | f | |
| Donations and legacies |
260,001 | 310,140 | 570,141 | ||
| Investment income Other income |
183,569 16,685 |
183,569 16,685 |
|||
| Total | |||||
| 460,255 | 310,140 | 770,395 | |||
| EXPENDITURE ON | |||||
| Raising funds | |||||
| Raising donations | and legacies | 23,053 | 23,053 | ||
| 23,053 | 23,053 | ||||
| Charitable activities |
|||||
| Arts | |||||
| Education | 77,524 | 28,250 | 105,774 | ||
| Medicine Scholarships and Grants Archive Trust |
123,084 91,276 10,500 |
8,700 28,250 |
131,784 119,526 10,500 |
||
| Other Charities Science Economics |
16,412 30,415 16,369 |
245,000 | 245,000 16,412 30,415 16,369 |
||
| Other | |||||
| 8,846 | 8,846 |
| COMPARATIVES | FOR THE STATEIVIENT | OF FINANCIAL | ACTIVITIES -continued | ACTIVITIES -continued | ||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||
| funds f |
fund f |
funds | ||||
| Total | ||||||
| 397,479 | 310,200 | 707,679 | ||||
| Net gains/(losses) | on investments | (256,625) | (256,625 ) | |||
| NET INCOME/(EXPENDITURE) | (193,849) | (60) | (193,909) | |||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought forward | 3,087,418 | 8,810 | 3,096,228 | |||
| TOTAL FUNDS CARRIED FORWARD | 2,893,569 | 8,750 | 2,902,319 | |||
| 11. | FIXEDASSET INVESTMENTS | |||||
| Listed | Unlisted | |||||
| MARKET VALUE | investments f |
investments f |
Cash f |
Totals f |
||
| At 6th April 2020 Additions Disposals Revaluations Movement in the year |
1,957,807 1,323,613 (993,713) 384,370 |
300,128 12,049 |
336,001 (250,566) |
2,593,936 1,323,613 (993,713) 396,419 (250,566) |
||
| At 5th April 2021 | 2,672,077 | 312,177 | 85,435 3,069,689 |
|||
| NET BOOK VALUE | ||||||
| At 5th April 2021 | 2,672,077 | 312,177 | 85,435 3,069,689 |
|||
| At 5th April 2020 | 1,957,807 | 300,128 | 336,001 2,593,936 |
| Listed | Unlisted | ||||||
|---|---|---|---|---|---|---|---|
| Valuation Valuation Cost |
b/f 2021 |
investments f 270,590 384,370 2,017,117 |
investments f (600,687 12,049 900,815 |
) | Cash f 85,435 |
Totals f (330,097 396,419 3,003,367 |
) |
| 2,672,077 | 312,177 | 85,435 | 3,069,689 |
| DEBTORS | ||
|---|---|---|
| 2021 | 2020 | |
| Amounts falling due within one year: |
f | |
| Other debtors Prepayments and accrued income |
4,916 300,000 |
6,047 |
| 304,916 | 6,047 | |
| Amounts falling due after more than one year: Other debtors |
||
| 100,000 | 100,000 | |
| Aggregate amounts |
404,916 | 106,047 |
| 13. | CREDITORS: | AMOUNTS | AMOUNTS | FALLING DUE WITHIN ONE YEAR | FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| Accruals and | deferred | income | f 5,000 |
f 5,000 |
|||
| 14. | MOVEMENT | IN FUNDS | |||||
| Net | |||||||
| movement | At | ||||||
| Unrestricted | funds | At 6.4.20 f |
in funds f |
5.4.21 f |
|||
| General fund | 2,893,569 | 711,142 | 3,604,711 | ||||
| Restricted funds | |||||||
| Restricted | 8,750 | 48,645 | 57,395 | ||||
| TOTAL FUNDS | 2,902,319 | 759,787 | 3,662,106 | ||||
| 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 | 700,708 | (385,985) | 396,419 | 711,142 | |
| Restricted funds | |||||
| Restricted | 426,000 | (377,355) | 48,645 | ||
| TOTAL FUNDS | 1,126,708 | (763,340) | 396,419 | 759,787 |
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| Unrestricted | funds | At 6.4.19 f |
in funds f |
5.4.20 f |
| General fund | 3,087,418 | (193,849) | 2,893,569 | |
| Restricted funds | ||||
| Restricted | 8,810 | (60) | 8,750 | |
| TOTAL FUNDS | 3,096,228 | (193,909) | 2,902,319 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| Unrestricted | funds | resources f |
expended f |
losses f |
in funds f |
| General fund | 460,255 | (397,479) | (256,625) | (193,849) | |
| Restricted funds | |||||
| Restricted | 310,140 | (310,200) | (60) | ||
| TOTAL FUNDS | 770,395 | (707,679) | (256,625 ) | (193,909) |
| Unrestricted | funds |
|---|---|
| General fund | |
| Restricted funds | |
| Restricted |
| Net | ||
|---|---|---|
| movement | At | |
| At 6.4.19 f |
in funds f |
5.4.21 f |
| 3,087,418 | 517,293 | 3,604,711 |
| 8,810 | 48,585 | 57,395 |
| 3,096,228 | 565,878 | 3,662,106 |
| incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| Unrestricted | funds | resources f |
expended f |
losses f |
in funds f |
| General fund | 1,160,963 | (783,464) | 139,794 | 517,293 | |
| Restricted funds | |||||
| Restricted | 736,140 | (687,555 ) | 48,585 | ||
| TOTAL FUNDS | 1,897,103 | (1,471,019) | 139,794 | 565,878 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| f | f | |||
| INCOME AND ENDOWMENTS | ||||
| Donations and legacies | ||||
| Donations | ||||
| 734,527 | 570,141 | |||
| Investment income |
||||
| Dividend income |
||||
| Deposit account | interest | 262,969 | 177,795 | |
| Loan interest | 447 | 774 | ||
| 5,000 | 5,000 | |||
| 268,416 | 183,569 | |||
| Other income | ||||
| Gain/profit sale of investment |
||||
| 123,765 | 16,685 | |||
| Total incoming resources | ||||
| 1,126,708 | 770,395 | |||
| EXPENDITURE | ||||
| Raising donations | and legacies | |||
| Fundraising expenses Investment management |
fees | 2,593 19,265 |
6,168 16,885 |
|
| 21,858 | 23,053 | |||
| Charitable activities |
||||
| Grants to institutions | ||||
| 731,071 | 675,780 | |||
| Support costs | ||||
| Finance | ||||
| Bank charges | 331 | 225 | ||
| Governance costs |
||||
| Accountancy fees |
||||
| Audit Fees | 1,600 | 3,805 | ||
| Legal Fees | 4,880 | 4,760 | ||
| Carried forward | 3,600 | |||
| 10,080 | 8,565 |
| 2021 | 2020 | ||
|---|---|---|---|
| Governance costs |
f | E | |
| Brought forward Exchange difference |
10,080 | 8,565 | |
| 56 | |||
| 10,080 | 8,621 | ||
| Total resources expended | 763,340 | 707,679 | |
| Net income before gains and losses | 363,368 | 62,716 | |
| Realised recognised gains and losses | |||
| Unrealised gains/losses |
on fixed asset | ||
| investments | |||
| 396,419 | (256,625) | ||
| Net income/(expenditure) | 759,787 | (193,909) |