Annual Report
and
Financial Statement
of the
Richard Devitt Fund
for the period 6th April 2020 to 5th April 2021
Trustees :
Richard H. Devitt, Higher Dumbledeer, Withycombe, TA24 6QJ Mark A.L. Jenkins, 139 Albert St. London, NW1 7NB
Michael L. Mackinnon, 31 Applegarth Road, LONDON, W14 0HY Philip A Norman-Butler, c/o Charles Stanley Co Ltd, 55 Bishopsgate, LONDON, EC2N 3AS
Bank:
The Royal Bank of Scotland plc, 62/63 Threadneedle Street, London, EC2R 8LA
Independent Examiner:
Mr Dan Stone 2 Hangers Way DUNSTER TA24 6RT
Registered Charity No. 327494
The Richard Devitt Fund Higher Dumbledeer Withycombe Minehead Somerset TA24 6QJ
Trustees' Annual Report for the period 6th April 2020 to 5th April 2021
Structure, Governance and management
The charity is constituted by a trust deed dated 1 July 1979.
Objectives and Activities
The purpose of the charity is to benefit any charity or charitable purpose by way of a donation.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives in planning future activities.
Achievements and performance
Distributions continue to be made to organisations known personally to the Trustees amounting to £33,500 in total. We will continue to support schools who we know have made strenuous efforts to maintain contact and distance teaching for their pupils during the pandemic, Happily shares in the Fund's portfolio have rebounded from the fall in March 2020 and our strong cash position will enable us to maintain our level of support for those institutions.
Financial Review
During this year the Fund had an investment income of £2,122, Gift Aided contributions of £21,000 were received, a tax repayment of £5,250 was credited and the Fund received donations of shares to the value of £10,298. The expenditure in running the fund remains nominal.
The charity's reserves are maintained at such a level as to allow donations to charitable causes to continue into the future.
Declaration
on The trustees declare that they have approved the trustees' report above. Signed behalf of the charity's trustees by:
| Signature | Richard H Devitt | Signature | Michael Mackinnon |
|---|---|---|---|
| Name | Richard H Devitt | Name | Michael Mackinnon |
| Date | 8th Sept.2021 | Date | 8th Sept.2021 |
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CHARITY COMMISSION FOR ENGLAND AND WALES Inderffident examSnefs r•port on th• ac¢ount• rliOn A Ch•iify r It¢ tyi 327494 g•1 I V¥y (y• Yr•Afi •YTh >W•thJ ) 2021 D•l•.. ry" • Octyjbw 2tr21
Akhxd Oo¥ltt hlnd ICh•rlty J274941 Itetoipts •nd P¥ymerrts Aecwnts the Yt•r EN11r4 S 2021 Iwlds T•1 e¢eYpfS' 5.YAI.iK> 596 45 1.715 96 $250.L)) 39&45 L725.95 s,7.1) l irtioresi 2.455.12 Tltsi 2B372AA 2UIS.10 W¥lker <ilps s¥e5 $01,iJ re¢dpts JV73.54 419W.12 )3.5( iKI JJ.XQ.L)) 34MD. 175.(0 WalknrCIip5 Irwsthqrrt manai•fftt 33J•O J5Al&QO W4Jlkti Cilps puith•se5 T¥ 14th461 Tr•111 Cashlufvls at l•tt v••r at this y•¥•fftd JJ.J43 f 19.34UZ IU2.36 19J4132 33J47.71
Rl¢h•vd Dlvltt Fufid I•Tity Nwnb•i 317494 Recelpoand P9YnAC¢ounts For Ihèyear Endln£ 5 &4ri120ZI1¢4ntlnue I1¢¢• At5trkl•d luiid5 lunda Tot•1 Fw• 20 rsh hjnds: B Cath Irrurne DewsR WalkrCriy5 Cash. M¥d Depogi Walkercmos lotrl¢•th fibThd5 19,297.1 39 397.15 .89 15,624 74 1717.15 33 347.79 J.34LJ2 29,MLI2 ID¥won•rt aEt5 Y)4re. 1st markntvaluel Debtv lAb"the11 clobali al.22,24 63.368.78 119.79 87,20Z,24 65.4A57 Trtal cxh l¥ffjOs In¥eslpwtht41xty Rlth•ra M Dv•t r4t4.. 8SEpternbev 2021 Died. 8£•pt•mhcr 11)?1
| Richard Devitt Fund 2020 - 2021 | Richard Devitt Fund 2020 - 2021 | |||
|---|---|---|---|---|
| Investment Income | £ | |||
| 29/5/20 | City of London Investment Trust | 142.50 | ||
| 28/8/20 | City of London Investment Trust | 142.50 | ||
| 30/11/20 | City of London Investment Trust | 142.50 | ||
| 26/2/21 | City of London Investment Trust | 142.50 | 570.00 | |
| 10/6/20 | GCP Infrastructure Investments Ltd. | 90.78 | ||
| 28/8/20 | GCP Infrastructure Investments Ltd. | 90.78 | ||
| 7/12/20 | GCP Infrastructure Investments Ltd. | 90.78 | ||
| 9/3/21 | GCP Infrastructure Investments Ltd. | 83.62 | 355.96 | |
| 17/7/20 | PRS REIT plc | 200.00 | ||
| 19/9/20 | PRS REIT plc | 200.00 | ||
| 11/12/20 | PRS REIT plc | 200.00 | ||
| 8/3/21 | PRS REIT plc | 200.00 | 800.00 | 1,725.96 |
| Interest | ||||
| 15/6/20 | Nottingham Building Society 7.875% bds | 196.88 | ||
| 14/12/20 | Nottingham Building Society 7.875% bds | 196.88 | 393.76 | |
| RBS Interest a/c no. 11022785 | 2.89 | 2.69 | 396.45 | |
| Gift Aid Donations: | ||||
| 10/6/20 | Gift Aid donation R H Devitt | 5,000.00 | ||
| 9/9/20 | Gift Aid donation R H Devitt | 5,000.00 | ||
| 15/9/20 | Gift Aid donation M L Mackinnon | 5,000.00 | ||
| 27/1/21 | Gift Aid donation R H Devitt | 5,000.00 | ||
| 16/9/20 | Gift Aid donation M A L Jenkins | 1,000.00 | 21,000.00 | |
| Gift Aid Tax return | ||||
| 26/3/21 | Tax return | 5,250.00 | ||
| Donation of shares | ||||
| 17/9/20 | Polar Capital Global Insurance 'B'Accumulation | 4990.20 | ||
| 715 units ISIN IE00B63V4760 @ £6.9793 | ||||
| 25/11/20 | Polar Capital Global Insurance 'B'Accumulation | 5,308.72 | 10,299.00 | |
| 721 units ISIN IE00B63V4760 @ £7.363 | ||||
| ___ | ||||
| £ 38,671.33 |
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| Richard Devitt Fund Gifts 2020-21 date Donee Charity no. 26/10/20 Alfanar UK (MLM) 1105048 18/9/20 Annual National Service for Seafarers 292659 3/3/21 Borne Foundation 16/11/20 Children with Cancer UK 298405 26/10/20 Charlie Waller Memorial Trust 1109984 16/11/20 Dorset & Somerset Air Ambulance 1078685 16/11/20 Dunster Festival 16/11/20 Exmoor Calvert Trust 1005776 16/11/20 Exmoor Community Youth Club 16/11/20 Exmoor Trust 1005776 16/11/20 Falkland Islands Memorial Chapel 1037942 16/11/20 Friends Spafford Children's Centre 8023511 16/11/20 Glaven Distict Caring Committee 270185 16/11/20 Hospice Isle of Man 27/11/20 King Edward VII Hospital 208944 14/11/20 Kings Schools Taunton 27/11/20 Mission to Seafarers 1123613 14/11/20 Norland Place School 25/3/20 Pangbourne College 309096 9/9/20 Parish of the Northern Plain exempt 17/9/20 Parish of the Northern Plain exempt 18/9/20 PCC St Bartholomew's Rodhuish exempt 16/11/20 Prostate Cancer UK 1005541 3/6/20 RYS IoW Foundation 1158850 27/11/20 SSAFA 210760 27/11/20 St George's Church Dunster exempt 16/11/20 St Margaret's Somerset Hospice 279473 16/11/20 St Mary's Church Stoke by Nayland 1083876 16/11/20 St Mary's Nettlecombe PCC exempt 18/9/20 St Nicholas Withycombe PCC exempt 27/11/20 Taunton Choral Society 900173 16/11/20 Taunton School International 1081420 16/11/20 The Cure Parkinson's Trust 1111816 27/11/20 The Two Moors Festival 1095723 20/11/20 The WASPS 16/11/20 Treloar Trust 4466362 26/10/20 Trinity Hall 1137458 26/11/20 Tuscan Lodge No 14 Benevolent Fund 1038119 27/11/20 West Somerset Academies Trust 26/11/20 West Somerset Brass Band |
amount 2,000.00 500.00 500.00 500.00 1,000.00 1,000.00 1,000.00 1,000.00 500.00 500.00 1,000.00 1,000.00 500.00 1,000.00 500.00 1000.00 500.00 500.00 2000 500.00 1,000.00 1,000.00 1,000.00 250.00 500.00 500.00 1,000.00 500.00 2,000.00 1000 500.00 1,000.00 1,000.00 500.00 250.00 1,000.00 2,000.00 500.00 500.00 500.00 ____ £ 33,500.00 |
|---|---|
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