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|---|---|---|---|
|Reference and Administrative
Details ofthe Charity,||its Trustees and Advisers||
|Trustees'
Report|||2-5|
|Independent
Auditor's|Report on the Financial Statements||6-9|
|Statement of Financial|Activities||10|
|Balance Sheet||||
|Notes to the Financial|Statements||12-23|
|Appendix
I - Schedule|of properties||24|
|Appendix
II - Schedule|of investments||25|
|REFERENCE AND|REFERENCE AND|ADMINISTRATIVE
DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS|ADMINISTRATIVE
DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS|ADMINISTRATIVE
DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS|
|---|---|---|---|---|
|||For the year ended 31 March 2021|||
|Trustees||Mr SJ Lightley,
Chairman|||
|||Mr N Paton, Vice Chairman|||
|||Ms Rachel Amey (appointed||31 October 2020)|
|||Mr A Birkmyre|||
|||Mr Giles Curson
Hunter|||
|||Dr Hazel Jones- Lee|||
|||Mrs Claire Stephanie
Penn|||
|||Dr M Pitkethly
(resigned|31|October 2020)|
|Charity registered|||||
|number||512217|||
|Principal office||5 - 7 Osborne Terrace|||
|||Newcastle
upon Tyne|||
|||NE2 1SQ|||
|Independent|auditor|Ryecroft Glenton|||
|||Chartered
Accountants|||
|||32 Portland
Terrace|||
|||Newcastle
upon Tyne|||
|||NE2 1QP|||
|Bankers||National
Westminster
Bank||pic|
|||16Northumberland
Street|||
|||Newcastle
upon Tyne|||
|||NE1 7EL|||
|Solicitors||Mincoffs Solicitors|||
|||5 - 7 Osborne Terrace|||
|||Newcastle
upon Tyne|||
|||NE2 1SQ|||
|Clerk to the|Trustees|Timothy Rohan Gray|||
|Deputy Clerk to the||Christopher
Hughes|||
|Trustees|||||
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||||||Endowment|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|funds|
||||||2021|2021|2021|2020|
|||||Note|F|F|F||
|Income and endowments|||from:||||||
|Investments||||||432,790|432,790|452,214|
|Other income||||||7,767|7,767|7,799|
|Total income and|endowments|||||440,557|440,557|460,013|
|Expenditure
on:|||||||||
|Raising funds||||||20,094|20,094|24,183|
|Charitable
activities||||||420,463|420,463|435,830|
|Total expenditure||||||440,557|440,557|460,013|
|Net income before||net gains/(losses)|||||||
|on investments|||||||||
|Net gains/(losses)|on investments||||361,862||361,862|(1,170,428)|
|Net movement
in|funds||||361,862||361,862|(1,170,428)|
|Reconciliation
of|funds:||||||||
|Total funds brought||forward|||7,054,620||7,054,620|8,225,048|
|Net movement
in funds|||||361,862||361,862|(1,170,428)|
|Total funds carried||forward|||7,416,482||7,416,482|7,054,620|
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|||||||2021||2020|
|---|---|---|---|---|---|---|---|---|
|||||Note|||||
|Fixed assets|||||||||
|Investments||||13||2,393,072||2,046,064|
|Investment
property||||12||4,940,000||4,940,000|
|||||||7,333,072||6,986,064|
|Current assets|||||||||
|Debtors||||14|283,931||89,727||
|Cash at bank and|in|hand|||27,073||57,970||
||||||311,004||147,697||
|Creditors: amounts||falling|due within one||||||
|year||||15|(227,594)||(79,141)||
|Net current assets||||||83,410||68,556|
|Total assets less|current||liabilities|||7,416,482||7,054,620|
|Total net assets||||||7,416,482||7,054,620|
|Charity funds|||||||||
|Endowment
funds||||16||7,416,482||7,054,620|
|Total funds||||||7,416,482||7,054,620|
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|||Restricted|Total|
|---|---|---|---|
|||funds|funds|
|||2021|2021f|
|Rent receivable||362,429|362,429|
|Dividends|and interest on investment|70,336|70,336|
|Bank deposit interest||25|25|
|||432,790|432,790|
|||Restricted|Total|
|||funds|funds|
|||2020|2020|
|Rent receivable||362,476|362,476|
|Dividends|and interest on investment|89,557|89,557|
|Bank deposit interest||181|181|
|||452,214|452,214|
##
|Restricted|Total|
|---|---|
|funds|funds|
|2021
f.|2021f|
|7,767|7,767|
|||||Restricted|Total|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2020|2020|
|Reimbursement|of|insurance|premiums|7,799|7,799|
##
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||||Restricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2021|2021f|
|Investment|management|fees|12,326|12,326|
|Outgoings|on investment|properties|7,768|7,768|
||||20,094|20,094|
||||Restricted|Total|
||||funds|funds|
||||2020|2020|
|Investment|management|fees|13,161|13,161|
|Outgoings|on investment|properties|11,022|11,022|
||||24,183|24,183|
##
|||2021f|2020|
|---|---|---|---|
|Insurance||7,768|9,436|
|Property|repairs||1,586|
|||7,768|11,022|
##
||||||Grants to|Total|
|---|---|---|---|---|---|---|
||||||Institutions|funds|
||||||2021|2021f|
|Payment|of|grants|to|institutions|397,978|397,978|
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|||||||||Grants to|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||||||Institutions|funds|
|||||||||2020|2020|
|Payment
of grants to institutions||||||||408,573|408,573|
|||||||||2021|2020f|
|Vicar of the Parish of Saint||Matthew,||Newcastle|upon|Tyne under||||
|Regulation
25 (1)(a) ofthe||1979|Scheme|||||400|400|
|The Governors|of Newcastle|upon Tyne Royal Grammar|||||School payment|||
|under Regulation|25 (1)(b)|of the|1979Scheme|||||1,000|1,000|
|The Governors|of the Newcastle||upon|Tyne Grammar||School||210,186|215,802|
|The Trustees ofthe Almshouses|||Charity|||||186,392|191,371|
|||||||||397,978|408,573|
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|||||||Restricted|Total|
|---|---|---|---|---|---|---|---|
|||||||funds|funds|
|||||||2021|2021|
|Direct|costs|-|Grant|making|activities|420,463|420,463|
|||||||Restricted|Total|
|||||||funds|funds|
|||||||2020|2020|
|Direct|costs|-|Grant|making|activities|435,830|435,830|
##
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|||||||Grant|||
|---|---|---|---|---|---|---|---|---|
|||||||funding
of|Support|Total|
|||||||activities|costs|funds|
|||||||2021f|2021|2021f|
|Direct|costs|-|Grant|making|activities|397,978|22,485|420,463|
|||||||Grant|||
|||||||funding
ot|Support|Total|
|||||||activities|costs|funds|
|||||||2020f|2020|2020|
|Direct|costs|-|Grant|making|activities|408,573|27,257|435,830|
##
|||||Total|
|---|---|---|---|---|
||||Activities|funds|
||||2021|2021f|
|Bank charges|||306|306|
|Clerk's fees|||10,937|10,937|
|Professional|charges||2,499|2,499|
|Governance|costs||8,371|8,371|
|Trustees'
indemnity||insurance|372|372|
||||22,485|22,485|
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|Analysis of|support||costs (continued)|||
|---|---|---|---|---|---|
||||||Total|
|||||Activities|funds|
|||||2020|2020|
|Bank charges||||383|383|
|Clerk's fees||||10,500|10,500|
|Sundry expenses||||239|239|
|Professional|charges|||7,876|7,876|
|Governance|costs|||7,850|7,850|
|Trustees'
indemnity||insurance||409|409|
|||||27,257|27,257|
|Governance|costs comprise:|||||
|||||2021|2020|
|Governance|auditor's||remuneration|4,475|4,350|
|Clerk's fees||||3,646|3,500|
|Governance|Trustees'||remuneration|250||
|||||8,371|7,850|
##
|Auditor's
remuneration||||||
|---|---|---|---|---|---|
|||||2021|2020|
|Fees payable to the Charity's|auditor|for the audit ofthe Charity's|annual|||
|accounts||||4,475|4,350|
|Fees payable to the Charity's|auditor|in respect of:||||
|VAT and other professional|services|||1,899|2,252|
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|13.|Fixed asset investments|Fixed asset investments|Fixed asset investments|||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||Cash held||
||||||||Listed|for||
||||||||investmentsf|investment|Totalf|
||Cost or valuation|||||||||
||At 1 April 2020||||||1,933,140|112,924|2,046,064|
||Additions||||||266,958|(23,495)|243,463|
||Disposals||||||(251,320)||(251,320)|
||Revaluations||||||354,865||354,865|
||At 31 March 2021||||||2,303,643|89,429|2,393,072|
|14.|Debtors|||||||||
|||||||||2021|2020|
||Due within one year|||||||||
||Rent and insurance|debtors||||||172,554|60,375|
||The Hospital
of St Mary the Virgin Almshouses|||||Charity|||6,056|
||The Newcastle
upon||Tyne Royal Grammar||School||||4,828|
||Other debtors|||||||50,966|7,726|
||Due from Endowment||fund to Restricted|fund||||49,812||
||Prepayments
and accrued income|||||||10,599|10,742|
|||||||||283,931|89,727|
|15.|Creditors: Amounts||falling due within|one||year||||
|||||||||2021f|2020|
||Due from Endowment||fund to Restricted|fund||||49,812||
||Other taxation and social security|||||||779||
||The Newcastle
upon||Tyne Royal Grammar||School|||42,058||
||The Hospital
of St Mary the Virgin Almshouses|||||Charity||34,636||
||Accruals and deferred||income|||||100,309|79,141|
|||||||||227,594|79,141|
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|||||||||||Balance at|
|---|---|---|---|---|---|---|---|---|---|---|
||||||Balance at 1||||Gains/|31 March|
||||||April 2020f|Income
f|Expenditure|f|(Losses)|2021f|
|Endowment||funds|||||||||
|Permanent||endowment||fund|7,054,620||||361,862|7,416,482|
|Restricted||funds|||||||||
|Restricted|funds|||||440,557|(440,557)||||
|Total offunds|||||7,054,620|440,557|(440,557)||361,862|7,416,482|
|Statement||offunds|-|prior year|||||||
|||||||||||Balance at|
||||||Balance at||||Gains'|31March|
||||||1 April 2019|Income|Expenditure||(Losses)|2020|
|Endowment||funds|||||||||
|Permanent||endowment||fund|8,225,048||||(1,170,428)|7,054,620|
|Restricted||funds|||||||||
|Restricted|funds|||||460,013|(460,013)||||
|Total offunds|||||8,225,048|460,013|(460,013)||(1,170,428)|7,054,620|
|Summary|offunds
-cur|rent year||||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
|||Balance at 1||||Gains/|31 March|
|||April 2020f|Income
f|Expenditure|f|(Losses)|2021f|
|Endowment|funds|7,054,620||||361,862|7,416,482|
|Restricted|funds||440,557|(440,557)||||
|||7,054,620|440,557|(440,557)||361,862|7,416,482|
##
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|Summary|offunds
- prio|r year||||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
||||Balance at|||Gainsi|31March|
|||1|April 2019f|Incomef|Expendituref|(Losses)|2020|
|Endowment|funds||8,225,048|||(1,170,428)|7,054,620|
|Restricted|funds|||460,013|(460,013)|||
||||8,225,048|460,013|(460,013)|(1,170,428)|7,054,620|
##
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|Analysis of net assets between
funds
-curr|ent year|||
|---|---|---|---|
||Endowment|Restricted|Total|
||funds|funds|funds|
||2021|2021|2021|
|Fixed asset investments|2,393,072||2,393,072|
|Investment
property|4,940,000||4,940,000|
|Current assets|133,222|177,782|311,004|
|Creditors due within one year|(49,812)|(177,782)|(227,594)|
|Total|7,416,482||7,416,482|
##
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||Analysis|of net assets be|tween
funds
- prior|year|||
|---|---|---|---|---|---|---|
|||||Endowment|Restricted|Total|
|||||funds|funds|funds|
|||||2020f|2020|2020|
||Fixed asset investments|||2,046,064||2,046,064|
||Investment|property||4,940,000||4,940,000|
||Current assets|||68,556|79,141|147,697|
||Creditors|due within one year|||(79,141)|(79,141)|
||Total|||7,054,620||7,054,620|
|19.|Financial|instruments|||||
||||||2021|2020|
||Financial|assets|||||
||Financial|assets measured|at fair value through|income and expenditure|2,303,643|1,933,140|
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