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|---|---|---|---|
|Chairman's|Report|||
|Report of|the Trustees|2 to|7|
|Report of|the Independent
Auditors|8 to|10|
|Statement|of Financial Activities|11 to|12|
|Statement|of Financial Position|13||
|Statement|of Cash Flows|14||
|Notes to the Statement of Cash Flows||||
|Notes to the Financial Statements||16 to|26|
|Detailed Statement
of Financial Activities||27 to|28|
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||||||||Period||
|---|---|---|---|---|---|---|---|---|
||||||||6.4.21||
||||||||to|Year Ended|
||||||||31.3.22|5.4.21|
||||||Unrestricted|Restricted|Total|Total|
||||||funds|fund|funds|funds|
|||||Notes|f|f|f|f|
|INCOME AND ENDOWMENTS|||FROM||||||
|Donations
and legacies|||||391,713|413,358|805,071|734,527|
|Investment
income|||||313,256||313,256|268,416|
|Other income|||||292,197||292,197|123,765|
|Total|||||997,166|413,358|1,410,524|1,126,708|
|EXPENDITURE ON|||||||||
|Raising funds|||||||||
|Raising donations|and legacies||||24,209||24,209|21,858|
||||||24,209||24,209|21,858|
|Charitable
activities|||||||||
|Arts||||||129,418|129,418|94,655|
|Education|||||267,811|8,000|275,811|188,209|
|Medicine|||||104,131|123,000|227,131|172,884|
|Scholarships
and Grants|||||90,250||90,250|62,500|
|Archive Trust||||||200,000|200,000|170,000|
|Other Charities|||||2,200||2,200|773|
|Science|||||76,074||76,074|36,600|
|Economics|||||17,372||17,372|5,450|
|Other|||||7,858||7,858|10,411|
|Total|||||589,905|460,418|1,050,323|763,340|
|Net gains/(losses)|on|investments|||(89,423)||(89,423)|396,419|
|NET INCOME/(EXPENDITURE)|||||317,838|(47,060)|270,778|759,787|
|RECONCILIATION|OF|FUNDS|||||||
|Total funds brought||forward|||3,604,711|57,395|3,662,106|2,902,319|
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||||||||Period||
|---|---|---|---|---|---|---|---|---|
||||||||6.4.21||
||||||||to|Year Ended|
||||||||31.3.22|5.4.21|
||||||Unrestricted|Restricted|Total|Total|
||||||funds|fund|funds|funds|
|||||Notes|f|f|f|f|
|TOTAL|FUNDS|CARRIED|FORWARD||3,922,549|10,335|3,932,884|3,662,106|
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||||||2022|2021|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|fund|funds|funds|
|||Notes|E|E|f|f|
|FIXEDASSETS|||||||
|Investments||11|3,723,087||3,723,087|3,069,689|
|CURRENT ASSETS|||||||
|Debtors: amounts|falling due within one||||||
|year||12|7,274||7,274|304,916|
|Debtors: amounts|falling due after more||||||
|than one year||12|100,000||100,000|100,000|
|Cash at bank|||98,187|10,336|108,523|192,501|
||||205,461|10,336|215,797|597,417|
|CREDITORS|||||||
|Amounts
falling due within one year||13|(6,000)||(6,000)|(5,000)|
|NET CURRENT ASSETS|||199,461|10,336|209,797|592,417|
|TOTAL ASSETS LESSCURRENT LIABILITIES|||3,922,548|10,336|3,932,884|3,662,106|
|NET ASSETS|||3,922,548|10,336|3,932,884|3,662,106|
|FUNDS||14|||||
|Unrestricted
funds|||||3,922,548|3,604,711|
|Restricted
funds|||||10,336|57,395|
|TOTAL FUNDS|||||3,932,884|3,662,106|
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||||||Period||
|---|---|---|---|---|---|---|
||||||6.4.21||
||||||to|Year Ended|
||||||31.3.22|5.4.21|
||||Notes||f|f|
|Cash flows from operating||activities|||||
|Cash generated
from operations|||||361,550|(64,713)|
|Net cash provided
by/(used||in) operating||activities|361,550|(64,713)|
|Cash flows from investing||activities|||||
|Purchase offixed asset investments|||||(1,322,743)|(1,323,613)|
|Gain on fixed asset investments|||||292,197||
|Sale offixed asset investments|||||661,214|1,117,478|
|Movement
in investment|cash||||(81,216)|250,566|
|Interest received|||||5,020|5,447|
|Net cash (used in)/provided||by investing||activities|(445,528)|49,878|
|Change
in cash and cash equivalents|||in||||
|the reporting
period|||||(83,978)|(14,835)|
|Cash and cash equivalents||at the|||||
|beginning
ofthe reporting||period|||192,501|207,336|
|Cash and cash equivalents||at the end|of||||
|the reporting
period|||||108,523|192,501|
##
|||||Period||
|---|---|---|---|---|---|
|||||6.4.21||
|||||to|Year Ended|
|||||31.3.22|5.4.21|
|||||f|f|
|Net income for the||reporting|period (as per the Statement of|||
|Financial|Activities)|||270,778|759,787|
|Adjustments
for:||||||
|Losses/(gain)
on investments||||381,544|(396,419)|
|Profit on|disposal offixed assets|||(292,197)||
|Interest|received|||(5,020)|(5,447)|
|Profit on|disposal of investments|||(292,197)|(123,765)|
|Decrease/(increase)||in debtors||297,642|(298,869)|
|Increase|in creditors|||1,000||
|Net cash|provided|by/(used|in) operations|361,550|(64,713)|
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||At 6.4.21|Cash flow|At 31.3.22|
|---|---|---|---|
||f|f|f|
|Net cash||||
|Cash at bank|192,501|(83,978)|108,523|
||192,501|(83,978)|108,523|
|Total|192,501|(83,978)|108,523|
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|3.|DONATIONS|DONATIONS|AND LEGACIES|||
|---|---|---|---|---|---|
|||||Period||
|||||6.4.21||
|||||to|Year Ended|
|||||31.3.22|5.4.21|
|||||f|f|
||Donations|||805,071|734,527|
|4.|INVESTMENT||INCOME|||
|||||Period||
|||||6.4.21||
|||||to|Year Ended|
|||||31.3.22|5.4.21|
|||||f|f|
||Dividend|income||308,236|262,969|
||Deposit account interest|||20|447|
||Loan interest|||5,000|5,000|
|||||313,256|268,416|
|5.|CHARITABLE||ACTIVITIES COSTS|||
|||||2022|2021|
|||||E|E|
||Grants payable||(see note 6)|1,018,256|731,071|
||Other|||7,690|10,080|
|||||1,025,946|741,151|
##
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|||Period||
|---|---|---|---|
|||6.4.21||
|||to|Year Ended|
|||31.3.22|5.4.21|
|||f|f|
|Arts||129,418|94,655|
|Education||275,811|188,209|
|Medicine||227,131|172,884|
|Scholarships|and Grants|90,250|62,500|
|Archive Trust||200,000|170,000|
|Other Charities||2,200|773|
|Science||76,074|36,600|
|Economics||17,372|5,450|
|||1,018,256|731,071|
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|||||Governance||
|---|---|---|---|---|---|
||||Finance|costs|Totals|
||||f|f|f|
|Other|resources|expended|168|7,690|7,858|
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|Finance|||||
|---|---|---|---|---|
||||Period||
||||6.4.21||
||||to|Year Ended|
||||31.3.22|5.4.21|
||||Other||
||||resources|Total|
||||expended|activities|
||||f|f|
|Bank charges|||168|331|
|Governance|costs||||
||||Period||
||||6.4.21||
||||to|Year Ended|
||||31.3.22|5.4.21|
||||Other||
||||resources|Total|
||||expended|activities|
||||f|f|
|Accountancy|fees||1,800|1,600|
|Audit Fees|||4,990|4,880|
|Legal/Professional||Fees|900|3,600|
||||7,690|10,080|
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|COMPARATIVES|COMPARATIVES|FOR THE STATEMENT OF FINANCIAL ACTIVITIES|FOR THE STATEMENT OF FINANCIAL ACTIVITIES|||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||funds|fund|funds|
||||E|f|E|
|INCOME AND|ENDOWMENTS||FROM|||
|Donations
and legacies|||308,527|426,000|734,527|
|Investment
income|||268,416||268,416|
|Other income|||123,765||123,765|
|Total|||700,708|426,000|1,126,708|
|EXPENDITURE ON||||||
|Raising funds||||||
|Raising donations||and legacies|21,858||21,858|
||||21,858||21,858|
|Charitable
activities||||||
|Arts||||94,655|94,655|
|Education|||180,509|7,700|188,209|
|Medicine|||67,884|105,000|172,884|
|Scholarships|and|Grants|62,500||62,500|
|Archive Trust||||170,000|170,000|
|Other Charities|||773||773|
|Science|||36,600||36,600|
|Economics|||5,450||5,450|
|Other|||10,411||10,411|
|Total|||385,985|377,355|763,340|
|10.|COMPARATIVES|FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued|FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued|FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued|||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|
|||||funds|funcl|funds|
|||||f|f|f|
||Net gains on investments|||396,419||396,419|
||NET INCOME|||711,142|48,645|759,787|
||RECONCILIATION|OF|FUNDS||||
||Total funds brought||forward|2,893,569|8,750|2,902,319|
||TOTAL FUNDS CARRIED FORWARD|||3,604,711|57,395|3,662,106|
|11.|FIXED ASSET INVESTMENTS||||||
||||Listed|Unlisted|||
||||investments|investments|Cash|Totals|
||||f|f|f|f|
||MARKET VALUE||||||
||At 6th April 2021||2,672,077|312,177|85,435|3,069,689|
||Additions||1,322,742|||1,322,742|
||Disposals||(661,213)|||(661,213)|
||Revaluations||(131,059)|41,712||(89,347)|
||Movement
in the|year|||81,216|81,216|
||At 31st March 2022||3,202,547|353,889|166,651|3,723,087|
||NET BOOK VALUE||||||
||At 31st March 2022||3,202,547|353,889|166,651|3,723,087|
||At 5th April 2021||2,672,077|312,177|85,435|3,069,689|
##
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|||Listed|Unlisted|||
|---|---|---|---|---|---|
|||investments|investments|Cash|Totals|
|||f|f|f|f|
|Valuation|b/f|654,960|(588,638)||66,322|
|Valuation|2022|(131,059)|41,712||(89,347)|
|Cost||2,678,646|900,815|166,651|3,746,112|
|||3,202,547|353,889|166,651|3,723,087|
##
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||||2022|2021|
|---|---|---|---|---|
||||f|f|
|Amounts|falling due within one year:||||
|Other debtors|||4,677|4,916|
|Prepayments||and accrued income|2,597|300,000|
||||7,274|304,916|
|Amounts|falling due after more than one year:||||
|Other debtors|||100,000|100,000|
|Aggregate|amounts||107,274|404,916|
|13.|CREDITORS:|AMOUNTS|AMOUNTS|FALLING DUE WITHIN ONE YEAR||||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||||f|f|
||Accruals and|deferred|income|||6,000|5,000|
|14.|MOVEMENT|IN FUNDS||||||
|||||||Net||
|||||||movement|At|
||||||At 6.4.21|in funds|31.3.22|
||||||f|f|f|
||Unrestricted|funds||||||
||General fund||||3,604,711|317,837|3,922,548|
||Restricted funds|||||||
||Restricted||||57,395|(47,059)|10,336|
||TOTAL FUNDS||||3,662,106|270,778|3,932,884|
|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources|expended|losses|in funds|
|||f|f|f|f|
|Unrestricted|funds|||||
|General fund||997,166|(589,906)|(89,423)|317,837|
|Restricted funds||||||
|Restricted||413,358|(460,417)||(47,059)|
|TOTAL FUNDS||1,410,524|(1,050,323)|(89,423)|270,778|
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||||Net||
|---|---|---|---|---|
||||movement|At|
|||At 6.4.20|in funds|5.4.21|
|||f|f|f|
|Unrestricted|funds||||
|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|
|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources|expended|losses|in funds|
|||f|f|f|f|
|Unrestricted|funds|||||
|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|
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||||Period||
|---|---|---|---|---|
||||6.4.21||
||||to|Year Ended|
||||31.3.22|5.4.21|
||||E|f|
|INCOME AND|ENDOWMENTS||||
|Donations
and|legacies||||
|Donations|||805,071|734,527|
|Investment
income|||||
|Dividend
income|||308,236|262,969|
|Deposit account interest|||20|447|
|Loan interest|||5,000|5,000|
||||313,256|268,416|
|Other income|||||
|Gain/profit
sale ofinvestment|||292,197|123,765|
|Total incoming|resources||1,410,524|1,126,708|
|EXPENDITURE|||||
|Raising donations
and legacies|||||
|Fundraising
expenses|||1,663|2,593|
|Investment
management||fees|22,546|19,265|
||||24,209|21,858|
|Charitable
activities|||||
|Grants to institutions|||1,018,256|731,071|
|Support costs|||||
|Finance|||||
|Bank charges|||168|331|
|Governance|costs||||
|Accountancy|fees||1,800|1,600|
|Carried forward|||1,800|1,600|
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|||||Period|||
|---|---|---|---|---|---|---|
|||||6.4.21|||
|||||to||Year Ended|
|||||31.3.22||5.4.21|
|||||E|E||
|Governance|costs||||||
|Brought forward||||1,800||1,600|
|Audit Fees||||4,990||4,880|
|Legal/Professional||Fees||900||3,600|
|||||7,690||10,080|
|Total resources expended||||1,050,323||763,340|
|Net income|before|gains and losses||360,201||363,368|
|Realised recognised||gains and losses|||||
|Unrealised
gains/losses|||on fixed asset||||
|investments||||(89,423)||396,419|
|Net income||||270,778||759,787|