2021-03-31-accounts - Swallowdale Children's Trust

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CONTENTS		PAG
Trustees' Annual Report		1-4
independent Examiner's	Report
Statement of Financial Activities
Balance Sheet
Notes forming part ofthe	Financial Statements	8-12

		Notes	Restricted Total	Restricted Total
			Funds 2021	Funds 2020
			E
INCOME AND EXPENDITURE
Income and Endowments
Investment income			19,'I54	21,559
Other incoming resources			12000	12000
Totallncoming Resources			31154	33 559
Expenditure
Investment management	cost		1,809	432
Charitable activities			47,994	80,288
Governance costs			~9919	11440
Total Expenditure			59 722	92 160
Net (outgoings) before	other
recognised gains and losses			(28,568)	(58,601)
OTHER RECOGNISED GAINS AND LOSSES
Gains on investment
Net realised gains			3,822	8,701
Net unrealised (losses)/	gains		22~1487	~209 782
NET MOVEMENT IN FUNDS			196,741	(159,682)
Reconciliation ofFunds
Fund balances brought	forward 1stAprii 2020		856104	1015786
Fund balances carried forward at31stMarch		2021

				Notes		2021	2020
FIXED ASSETS
Tangible assets investments				6 7		t 49,086 994 '5'5	' 51,5'IO Z9~2
					]~0&~35&L1		8~45 8'&Q
CURRENT ASSETS
Debtors Cash at bank					10	15+2+	3,000 QQ~8g
TOTAL CURRENT ASSETS						15 624	138 0
LIABILITIES
Creditors: Amounts within	falling due one year							(6,320)-
(3,608) Net Current Assets							.QiglJJ)
TOTAL ASSETS LESS		CURRENT LIABILITIES					~05 845
55kl94
The funds ofthe charity:
Restricted income	funds					~152 845
Total Charity Funds						MiZJ8h
Approvedgy, the Board of Trustees			on			and signed on its behalf by
j r'
		Trustee
		Trustee
The notes on pages		8 to 12form	part	of these	accounts
					-7-

Investments quoted on	a recognised	a recognised	stock exchange	stock exchange	are valued	at market	value at the year end.	value at the year end.
Other investment assets	are	included	at trustees'	best	estimate of market value.
INVESTMENT INCOME							2021	2020
							f	f
Dividend —U.K. Equities,	Overseas Securities and			interest		19,150		21,422
Bank interest							4	19
Gain on foreign currency	exchange rate							118
						19154		21559
ANALYSIS OF EXPENDITURE
INVESTMENT MANAGEMENT		COSTS
Investment management	fees					~1809		~43
Charitable Activities
Grant making								80 288
GOVERNANCE COSTS
Advertising costs								1,500
Depreciation (note 6)						2,424		2,428
Insurance							685	619
Donation							500
Secretary's Remuneration	—Mrs. A.Alderson					3,500		3,500
Independent Examiner's	charges (note		5,1)			2,520		2,760
Bank charges							48	85
Printing, postage and stationery							188	404
Sundries							54	144
						9919		11440

5.	DETAILS	OF CERTAIN ITEMS OF EXPENDITURE	OF CERTAIN ITEMS OF EXPENDITURE	OF CERTAIN ITEMS OF EXPENDITURE
	5.1	Fees for examination of	the accounts		2021			2020
					f			E
		Independent examiner's	fees for reporting
		on the accounts			450			450
		Other fees paid to the independent		examiner	2070		2310
					~2520		~2760
6.	TANGIBLE ASSETS
				Land and	Furniture	and
				Buildings	Equipment		Tota I
	Cost:			E			E
	Balance	at 1st April 2020
	and 31stMarch 2021			120553	13160		134	113
	Depreciation:
	Brought	forward at 1stApril 2020		69,600	13,003		82,603
	Charge	for the year		~2400	24		~2424
	Carried	forward at 31stMarch 2021		72000	13027		65	027
	Net book value as at 31stMarch		2021		132
	Net book value as at 31stMarch		2020	~51353	156		51	510
	Depreciation rate			2%SL	15%RB

		NOTES TO THE ACCOUNTS CONTINUED	NOTES TO THE ACCOUNTS CONTINUED	NOTES TO THE ACCOUNTS CONTINUED	NOTES TO THE ACCOUNTS CONTINUED	THE YEAR	ENDED 31STMARCH	2021
7.	INVESTMENT ASSETS						2021	2020
							f	f
	7,1	Fixed Asset Investments
		Market value 1stApril 2020					794,313	793,593
		Additions						940,110
		Disposals					(25,167)	(838,309)
		Net realised gains					3,822	8,701
		Net unrealised gains/(losses)					221487	~109782
		Market value 31stMarch 2021					$9~~45	794313
		Cost as at 31st March 2021						900663
	7.2	Analysis of Investments					Market Value	at year end
		Investments listed on a recognised			stock
		exchange or held in common	investment
		funds, open ended investment		companies,
		unit trusts or other collective	investment
		schemes.					994,455	7947313
		Cash held as part ofthe investment			portfolio		518	~8010
		Total					994~	802 323
	7.3	Material Investment Holdings
		No investments were above the materiality				rate of
		5%ofthe value ofthe portfolio		other than investments			in Unit Trusts.
8.	DEBTORS						2021	2020
	Rent							3,000
								3000

						2021	2020
						f
9.	CREDITORS: AMOUNTS			FALLING	DUE
		WITHIN ONE YEAR
	Accrued:
	Independent Examiner's			charge		2,520	2,520
	National	Westminster	Bank —Current Account			2,799	1,088
	Credit Card Account					1001
						~6320	36 8
10.	CASH AT	BANI&
	National	Westminster	Bank —Business Reserve Account			15,106	2,880
	Rathbone	Investment	Management		—Dealing Account	518	8010
						~166 4	~0+90
11.	TRUSTEE	EXPENSES AND		REMUNERATION