|||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|
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||||||||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|
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|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|
##
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|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)|