| Nominated | Trustees | |||||
|---|---|---|---|---|---|---|
| As appointee | ofthe Leicestershire | County | Mrs C Redford | |||
| Council | ||||||
| As appointee | ofOsgathorpe | Padsh | Council | M Buczkiewicz | ||
| As appointee | of Bishop of Leicester | AWessel | ||||
| Co-opted Trustees | Rev'd Canon P Hackwood | |||||
| G R Phillipson | ||||||
| T Higgins | ||||||
| CYoung | ||||||
| Mrs G Newcombe | ||||||
| P Sergeant | ||||||
| Receiver & | Clerk | Ms SStevenson | ||||
| Charity number | 500537 | |||||
| Principal address | C/o Charity Link |
|||||
| 20a Milestone | Lane | |||||
| Leicester | ||||||
| LE1 5JN | ||||||
| Investment | managers | CCLA | ||||
| Senator House | ||||||
| 85 Queen Victoria | Street | |||||
| London | ||||||
| EC4V 4ET | ||||||
| Auditor | Newby Castleman | LLP | ||||
| 6 Forest Road | ||||||
| Loughborough | ||||||
| Leicestershire | ||||||
| LE11 3NP | ||||||
| Bankers | Barclays Bank | Pic | ||||
| Market Place | ||||||
| Leicester | ||||||
| LEST2BB |
| Page | ||
|---|---|---|
| Trustees' report |
1-4 | |
| Independent auditor's |
report | 5-7 |
| Statement offinancial |
activities | |
| Balance sheet | ||
| Notes to the accounts | 10-19 |
| Unrestricted | Restricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | 2021 | 2020 | |||
| Charitable | Educational | ||||||
| Branch | Branch | ||||||
| Notes | 6 | ||||||
| Income from: | |||||||
| Charitable activities |
7,052 | 500 | 7,552 | 4,884 | |||
| Investments | 290,377 | 290,377 | 280,494 | ||||
| Other income | 28 | 28 | |||||
| Total | 290,405 | 7,052 | 500 | 297,957 | 285,378 | ||
| Expenditure on: |
|||||||
| Charitable activities |
6 | 24,944 | 154,300 | 64,854 | 244,098 | 207,234 | |
| Net gains on investments | 10 | 1,823,865 | 1,823,865 | (265,177) | |||
| Net incoming/(outgoing) | |||||||
| resources before | transfers | 2,089,326 | (147,248) | (64,354) | 1,877,724 | (187,033) | |
| Transfers between |
funds | 17 | (265,460) | 199,095 | 66,365 | ||
| Net movement in funds |
1,823,866 | 51,847 | 2,011 | 1,877,724 | (187,033) | ||
| Fund balances at 1 April 2020 | 8,455,264 | 303,411 | 368,289 | 9,126,964 | 9,313,997 | ||
| Fund balances at | 31 March 2021 | 10,279,130 | 355,258 | 370,300 | 11,004,688 | 9,126,964 |
| 2021 | 2021 | 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Notes | 6 | |||||||||
| Fixed assets | ||||||||||
| Investment properties |
11 | 746,800 | 602,800 | |||||||
| Investments | 12 | 9,906,136 | 8,087,627 | |||||||
| Investment deposits |
102,289 | 102,168 | ||||||||
| 10,755,225 | 8,792,595 | |||||||||
| Current assets | ||||||||||
| Debtors | 14 | 73,142 | 73,117 | |||||||
| Cash at bank and | in | hand | 325,753 | 267,305 | ||||||
| 398,895 | 340,422 | |||||||||
| Liabilities | ||||||||||
| Creditors: amounts | falling | due | within one | 15 | ||||||
| year | (5,432) | (6,053) | ||||||||
| Net current assets | 393,463 | 334,369 | ||||||||
| Total assets less | current | liabilities | 11,148,688 | 9,126,964 | ||||||
| Provisions for liabilities |
(144,000) | |||||||||
| Net assets | 11,004,688 | 9,126,964 | ||||||||
| Total funds ofcharity | ||||||||||
| Restricted funds |
||||||||||
| Educational Branch |
103,500 | 101,489 | ||||||||
| General restricted | funds | 355,258 | 303,411 | |||||||
| Fair value reserve | - | Educational | branch | 266,800 | 266,800 | |||||
| 17 | 725,558 | 671,700 | ||||||||
| Unrestricted funds |
||||||||||
| General unrestricted | funds | 7,440,678 | 7,292,322 | |||||||
| Fair value reserve | 2,838,452 | 1,162,942 | ||||||||
| 10,279,130 | 8,455,264 | |||||||||
| 11,004,688 | 9,126,964 | |||||||||
| The financial statements |
were | approved | and | authorised | by the board | of trustees | on%...kt,...BIand are | |||
| signed on its behalf |
by: |
| Restricted | Restricted | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| Charitable | Educational | Total | Total | ||
| Branch | Branch | 2021 | 2020 | ||
| 6 | |||||
| Charitable | rental income | 450 | 450 | 4,834 | |
| Other income | 7,052 | 50 | 7,102 | 50 | |
| 7,052 | 500 | 7,552 | 4,884 | ||
| Unrestricted | funds | 1,524 | |||
| Restricted | funds | 3,360 | |||
| 4,884 |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | 2021 | 2020 | ||
| Income from | listed investments | 287,151 | 287,151 | 279,457 | |
| Interest receivable | 3,226 | 3,226 | 1,037 | ||
| 290,377 | 290,377 | 280,494 | |||
| Unrestdcted | funds | 280,494 | |||
| Restricted funds | |||||
| 280,494 | |||||
| Other income | |||||
| 2021 | 2020 | ||||
| Other income | 28 |
| General | Charitable | Educational | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|---|
| charitable | branch | branch | 2021 | 2020 | |||||
| expenditure | |||||||||
| Clerk fees | 5,178 | 5,178 | 9,766 | ||||||
| Repairs to | investment | properties | 10,769 | 10,769 | 14,017 | ||||
| Insurance | 2,551 | 2,551 | 2,186 | ||||||
| Audit fees | 3,000 | 3,000 | 3,000 | ||||||
| Legal and | professional | fees | 5,997 | 5,997 | |||||
| 24,944 | 2,551 | 27,495 | 28,969 | ||||||
| Grant funding | ofactivities (see note 7) | 154,300 | 62,303 | 216,603 | 178,265 | ||||
| 24,944 | 154,300 | 64,854 | 244,098 | 207,234 | |||||
| Unrestricted | funds | 24,944 | 24,944 | 14,206 | |||||
| Restricted | funds - Charitable | Branch | 154,300 | 154,300 | 129,654 | ||||
| Restricted | funds - Educational | Branch | 64,854 | 64,854 | 63,374 | ||||
| 24,944 | 154,300 | 64,854 | 244,098 | 207,234 |
| Charitable | Educational | Total | 2020 | ||
|---|---|---|---|---|---|
| branch | branch | ||||
| f | 6 | ||||
| Grants to institutions: | |||||
| Stephenson College |
3,500 | 3,500 | |||
| Stephenson Studio School |
2,000 | 2,000 | |||
| Forest Way School | 11,000 | 11,000 | 6,322 | ||
| Whitwick St. John the Baptist C | of E Primary School | 6,400 | 6,400 | 6,500 | |
| T.E.C.K (Teaching Educationally |
Creative Kids) | 5,000 | 5,000 | 5,000 | |
| The Castle Rock School | 6,000 | 6,000 | |||
| Broom Leys Primary School | 3,300 | 3,300 | |||
| All Saints C of E Primary School | (446) | (446) | 446 | ||
| King Edward Vll Sports &Science College |
6,000 | ||||
| Griffydam Primary School |
7,500 | 7,500 | 1,000 | ||
| Iveshead School |
380 | ||||
| Swannington C of E Primary School |
667 | 667 | |||
| Thringstone Primary School |
7,000 | ||||
| Newbridge High School |
5,530 | ||||
| Newbold Cof E Primary School |
5,000 | 5,000 | |||
| Belton C of E Primary School | 5,031 | 5,031 | |||
| Ivanhoe College | 2,456 | 2,456 | |||
| 57,408 | 57,408 | 38,178 | |||
| Grants to individuals | 154,300 | 4,895 | 159,195 | 140,087 | |
| 154,300 | 62,303 | 216,603 | 178,265 |
| Unrestricted | Restricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| funds | funds | 2021 | 2020 | ||||
| 6 | F | ||||||
| Revaluation | of investments | 1,675,509 | 1,675,509 | (265,177) | |||
| Gain/(loss) | on sale of investment | properties | 148,356 | 148,356 | |||
| 1,823,865 | 1,823,865 | (265,177) | |||||
| Unrestricted | funds | (265,177) | |||||
| Restricted | funds | ||||||
| (265,177) | |||||||
| 11 | Investment | property | |||||
| 2021 | |||||||
| Fair value | |||||||
| At 1 April 2020 | 602,800 | ||||||
| Additions | 144,000 | ||||||
| At 31 March 2021 | 746,800 |
| Listed | |
|---|---|
| investments | |
| Cost or valuation | |
| At 31 March 2021 | 8,087,627 |
| Additions | 143,000 |
| Valuation changes |
1,636,223 |
| At 31 March 2021 | 9,866,850 |
| Carrying amount |
|
| At 31 March 2021 | 9,866,850 |
| At 31 March 2020 | 8,087,627 |
| 13 | Financial | instruments | 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| E | E | ||||||||||
| Carrying | amount offinancial | assets | |||||||||
| Debt instruments measured at amortised |
cost | 73,142 | 73,117 | ||||||||
| Equity instruments measured |
at fair value | 9,906,136 | 8,352,804 | ||||||||
| Carrying | amount offinancial | liabilities | |||||||||
| Measured | at amortised cost |
5,432 | 6,053 | ||||||||
| Financial | assets measured at |
amomsed | cost comprise | prepayments | and accrued | income. | |||||
| Financial | assets measured at |
a revalued | amount comprise | listed investments | and investment | property | |||||
| Financial | liabilities measured |
at amortised | cost comprise accruals and deferred | income. |
| 14 | Debtors | |||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Amounts | falling due | within one year: | ||||
| Prepayments | and accrued income | 73,142 | 73,117 | |||
| 15 | Creditors: | amounts | falling due within one year | |||
| 2021 | 2020 | |||||
| F | ||||||
| Accruals and deferred | income | 5,432 | 6,053 | |||
| 16 | Provisions | for liabilities | 2021 | 2020 | ||
| 6 | ||||||
| Other provisions | 144,000 | |||||
| Movements | on provisions: | |||||
| Movements | in the year | 144,000 |
| Movement | in funds Year | Ended 31 | ||||
|---|---|---|---|---|---|---|
| INarch 2021 | ||||||
| Balance at 1 | Incoming | Resources | Transfers | Balance at 31 | ||
| April 2020f | resources 6 |
expended 6 |
6 | March 2021 E |
||
| Educational | Branch | 101,489 | 500 | (64,854) | 66,365 | 103,500 |
| Charitable | Branch | 303,411 | 7,052 | (154,300) | 199,095 | 355,258 |
| Fair value | reserve - Educational | |||||
| branch | 266,800 | 266,800 | ||||
| 671,700 | 7,552 | (219,154) | 265,460 | 725,558 | ||
| Movement | in funds Year | Ended 31 | ||||
| March 2020 | ||||||
| Balance at 1 | Incoming | Resources | Transfers | Balance at 31 | ||
| April 2019 | resources | expended | March 2020 | |||
| 6 | E | |||||
| Educational | Branch | 94,550 | 3,360 | (63,374) | 66,953 | 101,489 |
| Charitable | Branch | 232,206 | (129,654) | 200,859 | 303,411 | |
| Fair value | reserve - Educational | |||||
| branch | 266,800 | 266,800 | ||||
| 593,556 | 3,360 | (193,028) | 267,812 | 671,700 |
| Analysis | of net assets between funds Year | E | nded 31 March | 2021 | |||
|---|---|---|---|---|---|---|---|
| Unrestricted | Charitable | Educational | Total | ||||
| Fund balances at 31 March 2021 are | f | funds 6 |
Branch | Branchf | |||
| represented | by: | ||||||
| Investment | properties | 480,000 | 266,800 | 746,800 | |||
| Investments | 9,906,136 | 9,906,136 | |||||
| Investment | deposit fund | 102,289 | 102,289 | ||||
| Current assets/(liabilities) | (209,295) | 355,258 | 103,500 | 249,463 | |||
| 10,279,130 | 355,258 | 370,300 | 11,004,688 | ||||
| Analysis of net assets between funds Year | |||||||
| Ended 31 | March 2020 | ||||||
| Unrestricted | Charitable | Educational | Total | ||||
| funds | Branch | Branch | |||||
| Fund balances at 31 March 2020 are | 6 | 6 | 6 | ||||
| represented | by: | ||||||
| Investment | properties | 336,000 | 266,800 | 602,800 | |||
| Investments | 8,087,627 | 8,087,627 | |||||
| Investment | deposit fund | 102,168 | 102,168 | ||||
| Current assets/(liabilities) | (70,531) | 303,411 | 101,489 | 334,369 | |||
| 8,455,264 | 303,411 | 368,289 | 9,126,964 |