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|Reference and administrative|Reference and administrative|details||
|---|---|---|---|
|Trustees' report|||2-4|
|Independent
Auditors'|report||5-7|
|Statement offinancial|activities|||
|Comparative
statement|offinancial activities|||
|Balance sheet|||10|
|Notes to the accounts|||11 - 16|
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|Charity|Number|Number|502721|||||
|---|---|---|---|---|---|---|---|
|Trustees|||Roger Bowder|||||
||||Katherine
Egzabeth|Agson||Hall||
||||MichaelJones|||||
|Registered||office|Shakespeare
Martineau||LLP|||
||||Two Colton Square|||||
||||Leicester|||||
||||LEI IQH|||||
|Auditor|||The Rowleys Partnership||Ltd|||
||||Chartered
Accountants|||||
||||Charnwood
House|||||
||||Harcourt Way|||||
||||Meridian
Business Park|||||
||||Leicester|||||
||||LE191WP|||||
|Bankers|||National Westminster|Bank||Pk||
||||I Granhy Street|||||
||||Leicester|||||
||||LE1 9GT|||||
|Solicitors|||Shakespeare
Martineau||LLP|||
||||Two Colton Square|||||
||||Leicester|||||
||||LEI IQH|||||
|Investment||managers|Cazenove Capital Management||||Limited|
||||I London Wall Place|||||
||||London|||||
||||EC2Y 5AU|||||
|Property|advisors||APB (Leicester) LLP|||||
||||13 De Monffort Street|||||
||||Leicester|||||
||||LEI 7GE|||||
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||||||EXPENDABLE|||
|---|---|---|---|---|---|---|---|
||||Note|UNRESTRICTED|ENDOWMENT|TOTAL|TOTAL|
|||||FUNDS|FUNDS|2021|2020|
|Income and endowments|from|||E|6|E|E|
|Investments||||||||
|- Investment
income||||101,208||101,208|129,005|
|- Rental income||||59,334||59,334|89,782|
|- Interest receivable||||1,795||1,795|4,172|
|Total income and endowments||||162,337||162,337|222,959|
|Expenditure
on||||||||
|Raising funds||||||||
|- Investment
management|fees|||13,374|13,373|26,747|28,087|
|- Cost ofrental property||||23,109||23,109|13,964|
|Charitable
activities||||107,830||107,830|176,716|
|Total expenditure||||144,313|13,373|157,686|218,767|
|Net realised gains/(losses)|on|listed|investments||759,249|759,249|275,941|
|Net unrealised
gains/(losses)||on listed investments|||625,237|625,237|(897,916)|
|Net income/(expenditure)||||18,024|1,371,113|1,389,137|(617,783)|
|Gains on revaluation
offixed||assets|8|||||
|Net movement
in funds||||18029|1 371 113|1 309 137|~617 70|
|Reconciliation
offunds||||||||
|Total funds brought
forward||||232,672|6,499,705|6,732,377|7,350,160|
|Total funds carried forward||||~250 6 6|~707
010|~0727 5|6.732.377|
##
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|||||||EXPENDABLE|EXPENDABLE|||
|---|---|---|---|---|---|---|---|---|---|
|||||Note|UNRESTRICTED|ENDOWMENT|||TOTAL|
||||||FUNDS||FUNDS||2020|
|Income and endowments|from||||E||E||E|
|Investments||||||||||
|- Investment
income||||4|129,005||||129,005|
|—Rental income|||||89,782||||89,782|
|- Interest receivable|||||4, 172||||4,172|
|Total income and endowments|||||222,959||||222,959|
|Expenditure
on||||||||||
|Raising funds||||||||||
|- Investment
management||fees|||14,044||14,043||28,087|
|- Cost of rental property|||||13,964||||13,964|
|Charitable
activities|||||176,716||||176,716|
|Total expenditure|||||204,724||14,043||218,767|
|Net realised gains/(losses)|on listed investments||||||275,941||275,941|
|Net unrealised
gains/(losses)||on listed investments|||||(897,916)||(897,916)|
|Net income/(expenditure)|||||18,235||(636,018)||(617,783)|
|Gains on revaluation
of fixed assets||||||||||
|Net movement
In funds|||||38 235|~636 0 8||~~7||
|Reconciliation
offunds||||||||||
|Total funds
brought
forward|||||214,437|7,135,723||7,350,160||
|Total funds carried forward|||||232 672|6|499 705|6|732 377|
|The statement
of financial|activities includes||all|gains|and losses recognised||in the year,|||
##
||||||||2021||||2020||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||Note|E|||||||
|Fixed Assets|||||||||||||
|Tangible assets||||||||989,792||||989,792|
|Listed investments|||||||6,495,425||||5,203,771||
|Cash held by|investment||manager|for|||||||||
|re-investment||||||||||||183,173|
||||||||7,733,623||||6,376,736||
|Current Assets|||||||||||||
|Debtors|||||10|37,033|||18,625||||
|Cash at bank|and in|hand||||367,570|||358,570||||
|||||||404,603|||377,195||||
|Liabilities|||||||||||||
|Creditors: amounts
falling
due within one year|||||11|~1772|||~21|4|||
|Net Current|Assets|||||||387,891||||355,641|
|Net Assets|||||12||8.121.~14||||4|732 377|
|Funds|||||||||||||
|Expendable|endowment||funds||||7,870,818||||6,499,705||
|Unrestricted|funds|||||||250,696||||232,672|
|Total Funds|||||13||8|121.114|||||
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|4|Investment
Income|2021|2020|
|---|---|---|---|
|||E|E|
||Income from listed investments|101,208|129 005|
|5|Charitable
activities|2021|2020|
|||E|E|
||Grants awarded
in the year|85,030|154,033|
||Support costs (note 6)|11,450|11,463|
||Governance
costs (note 7)|11,350|11,220|
|||ID7 030|176 716|
||Grants
paid in the year amounted|Grants
paid in the year amounted|to E85,030.Grants varying|from E500 - E5,000were paid to 86|from E500 - E5,000were paid to 86|
|---|---|---|---|---|---|
||institutions
as well as grants|below E500 paid to 53 institutions||and grants above E5,000 paid to 1||
||institution.|||||
|6|Support costs|||2021|2020|
|||||E|E|
||Solicitors' charges (as clerk|to the|trustees)|11,201|11,246|
||Insurance|||249|217|
|||||11 45D|11 463|
|7|Governance costs|||2021|2020|
|||||E|E|
||Trustees'
remuneration|||7,200|7,200|
||Auditors'
remuneration|||4,150|4,020|
|||||11 350|11220|
||Trustees'
remuneration|||||
||Mr R Bowder|||2,400|2,400|
||Mrs K Hall|||2,400|2,400|
||Mr M Jones|||2,400|2,400|
|||||7 2ml|7 200|
##
|Tangible assets||
|---|---|
||Investment|
||Property|
|Cost or valuation:|E|
|At 1 April 2020|989,792|
|Additions||
|At 31 March 2021|989 792|
|Depreciation:||
|1 April 2020 and 31 March 2021||
|Provided
this year||
|Net book value:||
|At 31 March 2021|989,792|
|At 31 March 2020|989.792|
|In respect
follows:|of certain fixed assets stated|at valuation,
the comparable
historica|l cost value|
|---|---|---|---|
|||2021|2020|
|||E|E|
|Historical|cost|555,247|599,247|
##
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|9|Listed Investments||||2021|2020|
|---|---|---|---|---|---|---|
||||||E|E|
||Market vaWe at 1 April||2020||5,203,771|5,819,281|
||Additions at cost||||2,344,561|798,707|
||Proceeds of disposals||||(2,437,393)|(792,242)|
||Realised gains/(losses)||on investments||759,249|275,941|
||Unrealised
gains/(losses)||on investments||625,237|(897,916)|
||Market value at 31 March 2021||||6,495,425|~5 203 771|
||Investments
comprise:||||||
||UK listed investments||||2,408,944|2,319,584|
||Overseas
listed investments||||4,086,481|2,884,187|
||||||6496 425|5203 771|
||Historical costs at 31 March 2021||||4 INI 549|~4632 962|
||Individual
investments|held at||31 March 2021 which are over 5%of portfolio by value||are:|
||- Findley Park Fund American|||E514,796 (2020: E741,516)|||
||- JPMorgan
US Equity||Income E506,925 (2020: E467,110)||||
||- Royal BPGlobal Premiums|||E351,652 (2020: ENil)|||
|10|Debtors||||2021|2020|
|---|---|---|---|---|---|---|
||||||E|E|
||Rents receivable||||27,527|5,496|
||Amounts|owed by|investment|managers|8,265|11,626|
||Other debtors||||1,241|1,503|
||||||37.033|18 625|
|11|Creditors:|amounts|falling due within one year||2021|2020|
||||||E|E|
||Trade creditors||||2,280|3,049|
||Accruals||||13,432|12,655|
||Accruals for grant||payable||1,000|5,850|
||||||16,712|21 554|
##
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|Analysis ofn||et asset|s be|tween
f|unds||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted||Expendable|2021|2020|
||||||||funds|endowment|Total|Total|
|||||||||funds|||
|||||||||E|E|E|
|Tangible investment|||assets|||||989,792|989,792|989,792|
|Listed investments||||||||6,495&425|6,495,425|5,203,771|
|Cash held by||investment||manager|for re-investment|||248,406|248,406|183,173|
|Debtors|||||||37,033||37,033|18,625|
|Cash at bank|||||||226,634|140,936|367,570|358,570|
|Creditors|||||||(12,971)|(3,741)|(16,712)|(21,554)|
||||||||250 596|7 910818|0 921 51|6 732 377|
|Funds reconcgiation|||||||||||
|||||Balance at||||Investment||Balance at|
||||||1 April|Incoming|Outgoing|gainsst|Gain on|31 March|
||||||2020|Resources|Resources|(losses)|Revaluation|2021|
||||||E|E|E|E||E|
|Expendable|endowment|||6,499,705|||(13,373)|1,384,486||7,870,818|
|Unrestricted||funds||232,672||162,337|(144,313)|||250,696|
|||||6 732 377||992 337|~957 685|I 384486|-|~ 121 514|
|Comparative||funds|reconciliations||||||||
|||||Balance at||||Investment||Balance at|
||||||1 April|Incoming|Outgoing|gains/|Gain on|31 March|
||||||2019|Resources|Resources|(losses)|Revaluation|2020|
||||||E|E|E|E||E|
|Expendable|endowment|||7,135,723|||(14,043)|(621,975)||6,499,705|
|Unrestricted||funds||214,437||222,959|(204,724)|||232,672|
|||||7 350 160||221 959|~298767|16 1.9751|.|867333tt|
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