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2022-03-31-accounts

EDWARD STOCKS MASSEY BEQUEST FUND TRUSTEES' REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022

BURNLEY BOROUGH COUNCIL, TOWN HALL, MANCHESTER ROAD BURNLEY LANCASHIRE BB11 9SA

Page 1

EDWARD STOCKS MASSEY BEQUEST FUND

CONTENTS
KEY DETAILS
REPORT OF THE TRUSTEES
FINANCIAL STATEMENTS
NOTES TO THE FINANCIAL STATEMENTS
INDEPENDENT EXAMINER'S REPORT		 PAGE
3
4 - 6
7 - 8
9 - 12
END

Page 2

EDWARD STOCKS MASSEY BEQUEST FUND

KEY DETAILS

L WRIGHT

L HALSTEAD

YOUNG - DIRECTOR OF GOVERNANCE, FINANCE AND PUBLIC SERVICES,

Page 3

Page 4

EDWARD STOCKS MASSEY BEQUEST FUND

nts in accordance with the Financial Reporting Standard for Smaller Equities, effective

the advancement of science, learning, music or other arts within the borough of Burnley.

he borough of Burnley who have gone into further education.

the Burnley Mechanics Institution Trust Fund, which was set up in the nineteenth century education in the town, was incorporated into the Edward Stocks Massey Bequest fund to ered by the Trustees in accordance with the objectives of the Bequest. Income generated to be used to fund special projects in Burnley Mechanics of an educational nature.

irector of Governance, Finance and Public Services at Lancashire County Council, is

Page 5

EDWARD STOCKS MASSEY BEQUEST FUND

ll be persons residing or carrying on business in Burnley.

Page 6

EDWARD STOCKS MASSEY BEQUEST FUND

nts, other than those charities following a more specialised SORP, to set out their Reserves

d are the schedule of investments as at 31st March 2022.

iot manage the investment portfolio in accordance with charity's long term objectives, which a medium risk financial strategy sufficient to meet annual income requirements and increase the fund through Capital growth.

iot adhere to the 80/20 rule, which prescribes that at least 80% of the portfolio's assets must

Page 7

EDWARD STOCKS MASSEY BEQUEST FUND

iot charge 0.6% (+ VAT) per annum for managing the portfolio.

iot have a twice yearly meeting with trusttes in person and keep in contact via email

Page 8

EDWARD STOCKS MASSEY BEQUEST FUND

hat might result from carrying out the charity's purpose.

Page 9

EDWARD STOCKS MASSEY BEQUEST FUND

Statement of Financial Activities for the year ended 31st March

Notes
Incoming Resources
Unrestricted Income
4
Investment Income - Dividends
Investment Income - Short-Term Investment
Charities Aid Foundation
Ground Rent
Resources Expended
Charitable Expenditure:
Grants Payable
5.1
Costs of Generating Funds
Investment Management Costs
5.2
Other Costs
ICO Data Controller Fee
5.3
Net Incoming Resources / (Resources Expended)
Other Recognised Gains / (Losses)
Gain / (Loss) on the Value of Investments
7
Net Movement in Funds
Funds brought forward 1st April 2021
Funds carried forward 31st March 2022		 2021/22
£
29,416
-
30
19
29,465
38,000
6,714
40
44,754
(15,289)
45,560
30,272
921,153
951,425

Page 10

h 2022

2020/21 £ 22,975 - 25 19 23,019 51,045 6,103 40 57,188 (34,169) 154,020 119,851 801,302 921,153

Page 11

EDWARD STOCKS MASSEY BEQUEST FUND

Balance Sheet as at 31st March 2022

Notes
Fixed Assets
Tangible Assets
6
Investments
7
Current Assets
8
Cash at Bank and in Hand
Cash held within the Investment Portfolio
Debtors
Represented By:
Unrestricted Funds
3
show BBC creditor??		 2021/22
£
106
938,851
938,957
87,569
15,761
1,590
104,920
1,043,877
1,043,877

Page 12

2020/21 £

106 899,445 899,551 58,489 29,875 1,268 89,632 989,183 989,183

Page 13

EDWARD STOCKS MASSEY BEQUEST FUND

Notes to the Financial Statements for year ended 31st March 2022

1 Basis of accounting

1 Investment income

2 Investment gains & losses

3 Resources expended

4. Fixed Asset Investments

5 Administration and Financial Work

l the administrative and financial work relating to the charity is carried out by officers of

r these services.

Page 14

Page 15

EDWARD STOCKS MASSEY BEQUEST FUND

Notes to the Financial Statements for year ended 31st March 2

4. Analysis of Incoming Resources

Unrestricted Income

Investment Income Burnley Borough Council - Interest on Short-Term Investment Charities Aid Foundation Ground Rent

5. Analysis of Resources Expended

- 5.1 Charitable Expenditure Grants Payable

Burnley Borough Council

Schools Mental Welbeing Project Towneley Hall Covid Art Exhibition Towneley Hall Guide to Art Collection Towneley Hall Conservation of Oil Painting Towneley Hall British Textile Biennial Outdoor Art Exhibition

Lancashire County Council

Burnley Music Centre at Shuttleworth College Burnley Libraries - programme of adult and children events

Page 16

022 (continued)
2021/22
2020/21
£
£
29,416
22,975
30
25
19
19
29,465
23,019
5,000
7,500
4,000
2,000
2,000
5,000
10,000
15,500
6,500
9,814
3,500
5,686
10,000
15,500		 022 (continued)
2021/22
2020/21
£
£
29,416
22,975
30
25
19
19
29,465
23,019
5,000
7,500
4,000
2,000
2,000
5,000
10,000
15,500
6,500
9,814
3,500
5,686
10,000
15,500

2021/22
£
29,416
30
19
29,465
5,000
5,000
10,000
6,500
3,500
10,000
23,019
7,500
4,000
2,000
2,000
15,500
9,814
5,686
15,500

Page 17

EDWARD STOCKS MASSEY BEQUEST FUN

Notes to the Financial Statements for year ended 31st Ma

5. Analysis of Resources Expended (continued)

- 5.1 Charitable Expenditure Grants Payable (continued)

Community Arts Events & Projects

Voluntary Organisations/Individuals

Burnley Film Makers Burnley Play Association - Vanguard Centre Burnley Municipal Choir Burnley Municipal Symphony Orchestra Burnley Parish Church of St. Peter TCB Burnley Bobcats JC Team Rise Project Padiham on Parade Burnley Singing for Lung Health 352 Air Training Corps Burnley and District Speakers Club Gawthorpe Textiles Collection Burnley Youth Theatre Holly Grove School St Peter's Parochial Church Council Burnley Tornadoes Amernican Football Club

Scholarship Awards

- 5.2 Costs of Generating Funds Investment Management Costs

Investment Management Fee - Quilter Cheviot

Page 18

5.3 Compliance Fees

ICO Data Controller Fee (GDPR)

6. Tangible Assets

Freehold interest in land at cost

Page 19

ND

rch 2022 (continued)

2021/22
£
3,000
400
1,000
800
1,100
1,200
1,000
950
750
800
8,000
7,000
38,000
6,714
6,714		 2020/21
£
5,000
600
720
1,000
800
750
2,000
1,050
450
675
8,045
7,000
51,045
6,103
6,103

Page 20

40
 40
106
 106

Page 21

EDWARD STOCKS MASSEY BEQUEST FUND

Notes to the Financial Statements for year ended 31st March 2022 (continued)

7. Investments
Market Value at 1st April 2021
Add: Acquisitions at cost
Less: Disposals at cost
Net Gain / (Loss) on Investments
Market Value at 31st March 2022
Investment Categories at 31st March 2022
Fixed Interest - United Kingdom
Fixed Interest - Overseas
Equities - United Kingdom
Equities - Other
Alternative Investments
Net Gain / (Loss) on Investments at 31st March 2022
Value of Investments
Disposal of Investments
Equalisation of Share value
Current Assets
Cash at Bank
Cash held within the Investment Portfolio - Quilter Cheviot
Debtor - Dividend Income - Quilter Cheviot
Current Liabilities
Creditor - Burnley Borough Council		 2021/22
£
899,445
122,965
(95,985)
12,426
938,851
145,390
52,564
255,538
403,252
82,107
938,851
45,560
(32,992)
(143)
12,426
87,569
15,761
1,590
104,920
89,085
89,085		 2020/21
£
757,457
118,781
(140,215)
163,422
8.
899,445
155,982
72,264
285,010
368,270
17,919
899,445
154,020
9,494
(92)
163,422
58,489
29,875
1,268
9.
89,632
51,085
51085

Page 22

Estate of the Late Edward Stocks Massey Schedule of Investments as at 31st March 2022 and Income for the Year 202

.

Restated
Nominal
Value
31/03/2021
Units
56,813
57,030
40,944		 Fixed Interest- United Kindom
FIL Investment Services (UK) Ltd Fidelity Monrybuilder I
FIL Investment Services (UK) Ltd Fidelity Monrybuilder W
M&G Securities Limited Corporate Bond
Royal London Unit Trust Managers UK Govt. Bond
Royal London Unit Trust Managers UK Govt. Bond
Fixed Interest- Overseas
AXA Investment Managers UK ltd Gross Dis
Pimco Global Advisors Irl Ltd
Equities- United Kingdom
Artemis Fund Managers Income Inatitutional
GlaxoSmithkline GBP 0.25
HSBC Holdings PLC USD 0.50
JP Morgan Asset Management
Legal & General (Unit Trust Managers) UK 100 Index
M&G Securities Ltd Charifund
Royal Dutch Shell EURO.07
Equities- Other
Artemis Fund Managers Global Income Units
Baille Giford & Co Japanese Income Growth W4 Dis
Blackrock Fund Managers Ltd Continental European
Blackrock Fund Managers Ltd Nrth American
Blackrock Fund Managers Ltd		 Restated
Market
Value @
Acquisitions
Conversions
Disposals
Realisation
31/03/2021
at cost
@ NBV
from Disposal
Equalisation
£
£
£
£
£
57,779
57,316
40,887
154,788 155,982 - - - - -
38,587
2,710		 35,083
37,181
(16,760) 38
41,297 72,264 - -
(16,760) 38 -
143,437
1,500
29,000
5,110
800		 141,113
19,320
38,657
(38,187)
(2,355)
75,240
10,680
(392)
(10,315)
179,847 285,010 - -
(38,579)
(12,670) -
16,500
28,515
22,470		 P
23
25,394
49,716
(21)
59,534
(40,646)
(20,360)
4,440
19,415
8,500
4,180
2,030
-
570		 BNY Mellon Glb Fds Mkts Debt Loc
BNY Mellon Fund Managers Ltd US Equity
Fidelity UCITS CAV US
Kleinwort Benson Investors Institute North America
Matthews Asia Funds
M&G Securites Limited Global Div
Schroder Unit Trusts European Alpha Income L
Allspring (Lux) Worldwide Fund Emerg Mkts
Fidelity UCITS ICAV US
Alternative Investments
BMO fund Management Ltd BMO Property Growth & Income I
HICL Infrastructure plc
International Public Partner
The Renewables Infrastructure Grp		 23,372
40,054
(59)
49,364
75,512
29,313
56,065
20,079		 23,372
40,054
(59)
49,364
75,512
29,313
56,065
20,079		 23,372
40,054
(59)
49,364
75,512
29,313
56,065
20,079
102,180 368,270 64,573 -
(40,646)
(20,360)
(80)
1,845 17,919 8,339
(62)
19,991
9,999
20,063
1,845 17,919 58,392 - - -
(62)
479,956 899,445 122,965 -
(95,985)
(32,992)
(143)
(128,977) 45,418

P 24

21/22

Market
Nominal		 Estimated
Value @
Value		 Book Income
Revaluation 31/03/2022
31/03/2022		 Cost 2021/22
£ £
Units		 £ £
(4,227) 53,552 56,813 52,569 1,973.73
-
(3,884) 53,432 57,030 51,942 1,404.15
-
(2,481) 38,406 40,944 36,061 437.37
(10,592) 145,390 154,788 140,572 3,815.25
(1,104) 33,979 38,587 40,031 1,446.54
(1,874) 18,585 1,500 20,777 691.58
-
(2,978) 52,564 40,087 60,808 2,138.12
8,994 150,107 143,437 91,516 5,415.89
5,388 24,708 1,500 8,796 1,200.00
-
-
1,885 - - 652.84
5,483 80,723 5,110 52,444 3,832.50
27 - - -
21,777 255,538 150,047 152,757 11,101.23
(1,964) 23,430 16,500 19,155 483.45
6,024 55,719 30,940 43,959 1,625.05
1,472 - - - 356.27
(4,440)

25

P

(23,372)
37,919 77,913 51,615 60,1711,245.91
(49,364)
1,482.75
8,673 84,185 4,180 46,6671,788.37
(2,050) 27,263 2,030 20,158544.97
-
-
(3,009) 53,056 570 52,1502,447.02
61,607 81,686 11,830 60,232		 (23,372)
37,919 77,913 51,615 60,1711,245.91
(49,364)
1,482.75
8,673 84,185 4,180 46,6671,788.37
(2,050) 27,263 2,030 20,158544.97
-
-
(3,009) 53,056 570 52,1502,447.02
61,607 81,686 11,830 60,232
31,495 403,252 117,665 302,491 9,973.79
3,102 29,298 2,430 27,187721.33
906 20,897 11,740 19,991 847.35
234 10,233 5,915 9,999223.59
1,616 21,679 16,035 20,063951.55
5,858 82,107 36,120 77,240 2,743.82
45,560 938,851 498,707 733,866 29,772

P 26

EDWARD STOCKS MASSEY BEQUEST FUND TRUSTEES' REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022

BURNLEY BOROUGH COUNCIL, TOWN HALL, MANCHESTER ROAD BURNLEY LANCASHIRE BB11 9SA

Page 1

EDWARD STOCKS MASSEY BEQUEST FUND

CONTENTS
KEY DETAILS
REPORT OF THE TRUSTEES
FINANCIAL STATEMENTS
NOTES TO THE FINANCIAL STATEMENTS
INDEPENDENT EXAMINER'S REPORT		 PAGE
3
4 - 6
7 - 8
9 - 12
END

Page 2

EDWARD STOCKS MASSEY BEQUEST FUND

KEY DETAILS

L WRIGHT

L HALSTEAD

YOUNG - DIRECTOR OF GOVERNANCE, FINANCE AND PUBLIC SERVICES,

Page 3

Page 4

EDWARD STOCKS MASSEY BEQUEST FUND

nts in accordance with the Financial Reporting Standard for Smaller Equities, effective

the advancement of science, learning, music or other arts within the borough of Burnley.

he borough of Burnley who have gone into further education.

the Burnley Mechanics Institution Trust Fund, which was set up in the nineteenth century education in the town, was incorporated into the Edward Stocks Massey Bequest fund to ered by the Trustees in accordance with the objectives of the Bequest. Income generated to be used to fund special projects in Burnley Mechanics of an educational nature.

irector of Governance, Finance and Public Services at Lancashire County Council, is

Page 5

EDWARD STOCKS MASSEY BEQUEST FUND

ll be persons residing or carrying on business in Burnley.

Page 6

EDWARD STOCKS MASSEY BEQUEST FUND

nts, other than those charities following a more specialised SORP, to set out their Reserves

d are the schedule of investments as at 31st March 2022.

iot manage the investment portfolio in accordance with charity's long term objectives, which a medium risk financial strategy sufficient to meet annual income requirements and increase the fund through Capital growth.

iot adhere to the 80/20 rule, which prescribes that at least 80% of the portfolio's assets must

Page 7

EDWARD STOCKS MASSEY BEQUEST FUND

iot charge 0.6% (+ VAT) per annum for managing the portfolio.

iot have a twice yearly meeting with trusttes in person and keep in contact via email

Page 8

EDWARD STOCKS MASSEY BEQUEST FUND

hat might result from carrying out the charity's purpose.

Page 9

EDWARD STOCKS MASSEY BEQUEST FUND

Statement of Financial Activities for the year ended 31st March

Notes
Incoming Resources
Unrestricted Income
4
Investment Income - Dividends
Investment Income - Short-Term Investment
Charities Aid Foundation
Ground Rent
Resources Expended
Charitable Expenditure:
Grants Payable
5.1
Costs of Generating Funds
Investment Management Costs
5.2
Other Costs
ICO Data Controller Fee
5.3
Net Incoming Resources / (Resources Expended)
Other Recognised Gains / (Losses)
Gain / (Loss) on the Value of Investments
7
Net Movement in Funds
Funds brought forward 1st April 2021
Funds carried forward 31st March 2022		 2021/22
£
29,416
-
30
19
29,465
38,000
6,714
40
44,754
(15,289)
45,560
30,272
921,153
951,425

Page 10

h 2022

2020/21 £ 22,975 - 25 19 23,019 51,045 6,103 40 57,188 (34,169) 154,020 119,851 801,302 921,153

Page 11

EDWARD STOCKS MASSEY BEQUEST FUND

Balance Sheet as at 31st March 2022

Notes
Fixed Assets
Tangible Assets
6
Investments
7
Current Assets
8
Cash at Bank and in Hand
Cash held within the Investment Portfolio
Debtors
Represented By:
Unrestricted Funds
3
show BBC creditor??		 2021/22
£
106
938,851
938,957
87,569
15,761
1,590
104,920
1,043,877
1,043,877

Page 12

2020/21 £

106 899,445 899,551 58,489 29,875 1,268 89,632 989,183 989,183

Page 13

EDWARD STOCKS MASSEY BEQUEST FUND

Notes to the Financial Statements for year ended 31st March 2022

1 Basis of accounting

1 Investment income

2 Investment gains & losses

3 Resources expended

4. Fixed Asset Investments

5 Administration and Financial Work

l the administrative and financial work relating to the charity is carried out by officers of

r these services.

Page 14

Page 15

EDWARD STOCKS MASSEY BEQUEST FUND

Notes to the Financial Statements for year ended 31st March 2

4. Analysis of Incoming Resources

Unrestricted Income

Investment Income Burnley Borough Council - Interest on Short-Term Investment Charities Aid Foundation Ground Rent

5. Analysis of Resources Expended

- 5.1 Charitable Expenditure Grants Payable

Burnley Borough Council

Schools Mental Welbeing Project Towneley Hall Covid Art Exhibition Towneley Hall Guide to Art Collection Towneley Hall Conservation of Oil Painting Towneley Hall British Textile Biennial Outdoor Art Exhibition

Lancashire County Council

Burnley Music Centre at Shuttleworth College Burnley Libraries - programme of adult and children events

Page 16

022 (continued)
2021/22
2020/21
£
£
29,416
22,975
30
25
19
19
29,465
23,019
5,000
7,500
4,000
2,000
2,000
5,000
10,000
15,500
6,500
9,814
3,500
5,686
10,000
15,500		 022 (continued)
2021/22
2020/21
£
£
29,416
22,975
30
25
19
19
29,465
23,019
5,000
7,500
4,000
2,000
2,000
5,000
10,000
15,500
6,500
9,814
3,500
5,686
10,000
15,500

2021/22
£
29,416
30
19
29,465
5,000
5,000
10,000
6,500
3,500
10,000
23,019
7,500
4,000
2,000
2,000
15,500
9,814
5,686
15,500

Page 17

EDWARD STOCKS MASSEY BEQUEST FUN

Notes to the Financial Statements for year ended 31st Ma

5. Analysis of Resources Expended (continued)

- 5.1 Charitable Expenditure Grants Payable (continued)

Community Arts Events & Projects

Voluntary Organisations/Individuals

Burnley Film Makers Burnley Play Association - Vanguard Centre Burnley Municipal Choir Burnley Municipal Symphony Orchestra Burnley Parish Church of St. Peter TCB Burnley Bobcats JC Team Rise Project Padiham on Parade Burnley Singing for Lung Health 352 Air Training Corps Burnley and District Speakers Club Gawthorpe Textiles Collection Burnley Youth Theatre Holly Grove School St Peter's Parochial Church Council Burnley Tornadoes Amernican Football Club

Scholarship Awards

- 5.2 Costs of Generating Funds Investment Management Costs

Investment Management Fee - Quilter Cheviot

Page 18

5.3 Compliance Fees

ICO Data Controller Fee (GDPR)

6. Tangible Assets

Freehold interest in land at cost

Page 19

ND

rch 2022 (continued)

2021/22
£
3,000
400
1,000
800
1,100
1,200
1,000
950
750
800
8,000
7,000
38,000
6,714
6,714		 2020/21
£
5,000
600
720
1,000
800
750
2,000
1,050
450
675
8,045
7,000
51,045
6,103
6,103

Page 20

40
 40
106
 106

Page 21

EDWARD STOCKS MASSEY BEQUEST FUND

Notes to the Financial Statements for year ended 31st March 2022 (continued)

7. Investments
Market Value at 1st April 2021
Add: Acquisitions at cost
Less: Disposals at cost
Net Gain / (Loss) on Investments
Market Value at 31st March 2022
Investment Categories at 31st March 2022
Fixed Interest - United Kingdom
Fixed Interest - Overseas
Equities - United Kingdom
Equities - Other
Alternative Investments
Net Gain / (Loss) on Investments at 31st March 2022
Value of Investments
Disposal of Investments
Equalisation of Share value
Current Assets
Cash at Bank
Cash held within the Investment Portfolio - Quilter Cheviot
Debtor - Dividend Income - Quilter Cheviot
Current Liabilities
Creditor - Burnley Borough Council		 2021/22
£
899,445
122,965
(95,985)
12,426
938,851
145,390
52,564
255,538
403,252
82,107
938,851
45,560
(32,992)
(143)
12,426
87,569
15,761
1,590
104,920
89,085
89,085		 2020/21
£
757,457
118,781
(140,215)
163,422
8.
899,445
155,982
72,264
285,010
368,270
17,919
899,445
154,020
9,494
(92)
163,422
58,489
29,875
1,268
9.
89,632
51,085
51085

Page 22

Estate of the Late Edward Stocks Massey Schedule of Investments as at 31st March 2022 and Income for the Year 202

.

Restated
Nominal
Value
31/03/2021
Units
56,813
57,030
40,944		 Fixed Interest- United Kindom
FIL Investment Services (UK) Ltd Fidelity Monrybuilder I
FIL Investment Services (UK) Ltd Fidelity Monrybuilder W
M&G Securities Limited Corporate Bond
Royal London Unit Trust Managers UK Govt. Bond
Royal London Unit Trust Managers UK Govt. Bond
Fixed Interest- Overseas
AXA Investment Managers UK ltd Gross Dis
Pimco Global Advisors Irl Ltd
Equities- United Kingdom
Artemis Fund Managers Income Inatitutional
GlaxoSmithkline GBP 0.25
HSBC Holdings PLC USD 0.50
JP Morgan Asset Management
Legal & General (Unit Trust Managers) UK 100 Index
M&G Securities Ltd Charifund
Royal Dutch Shell EURO.07
Equities- Other
Artemis Fund Managers Global Income Units
Baille Giford & Co Japanese Income Growth W4 Dis
Blackrock Fund Managers Ltd Continental European
Blackrock Fund Managers Ltd Nrth American
Blackrock Fund Managers Ltd		 Restated
Market
Value @
Acquisitions
Conversions
Disposals
Realisation
31/03/2021
at cost
@ NBV
from Disposal
Equalisation
£
£
£
£
£
57,779
57,316
40,887
154,788 155,982 - - - - -
38,587
2,710		 35,083
37,181
(16,760) 38
41,297 72,264 - -
(16,760) 38 -
143,437
1,500
29,000
5,110
800		 141,113
19,320
38,657
(38,187)
(2,355)
75,240
10,680
(392)
(10,315)
179,847 285,010 - -
(38,579)
(12,670) -
16,500
28,515
22,470		 P
23
25,394
49,716
(21)
59,534
(40,646)
(20,360)
4,440
19,415
8,500
4,180
2,030
-
570		 BNY Mellon Glb Fds Mkts Debt Loc
BNY Mellon Fund Managers Ltd US Equity
Fidelity UCITS CAV US
Kleinwort Benson Investors Institute North America
Matthews Asia Funds
M&G Securites Limited Global Div
Schroder Unit Trusts European Alpha Income L
Allspring (Lux) Worldwide Fund Emerg Mkts
Fidelity UCITS ICAV US
Alternative Investments
BMO fund Management Ltd BMO Property Growth & Income I
HICL Infrastructure plc
International Public Partner
The Renewables Infrastructure Grp		 23,372
40,054
(59)
49,364
75,512
29,313
56,065
20,079		 23,372
40,054
(59)
49,364
75,512
29,313
56,065
20,079		 23,372
40,054
(59)
49,364
75,512
29,313
56,065
20,079
102,180 368,270 64,573 -
(40,646)
(20,360)
(80)
1,845 17,919 8,339
(62)
19,991
9,999
20,063
1,845 17,919 58,392 - - -
(62)
479,956 899,445 122,965 -
(95,985)
(32,992)
(143)
(128,977) 45,418

P 24

21/22

Market
Nominal		 Estimated
Value @
Value		 Book Income
Revaluation 31/03/2022
31/03/2022		 Cost 2021/22
£ £
Units		 £ £
(4,227) 53,552 56,813 52,569 1,973.73
-
(3,884) 53,432 57,030 51,942 1,404.15
-
(2,481) 38,406 40,944 36,061 437.37
(10,592) 145,390 154,788 140,572 3,815.25
(1,104) 33,979 38,587 40,031 1,446.54
(1,874) 18,585 1,500 20,777 691.58
-
(2,978) 52,564 40,087 60,808 2,138.12
8,994 150,107 143,437 91,516 5,415.89
5,388 24,708 1,500 8,796 1,200.00
-
-
1,885 - - 652.84
5,483 80,723 5,110 52,444 3,832.50
27 - - -
21,777 255,538 150,047 152,757 11,101.23
(1,964) 23,430 16,500 19,155 483.45
6,024 55,719 30,940 43,959 1,625.05
1,472 - - - 356.27
(4,440)

25

P

(23,372)
37,919 77,913 51,615 60,1711,245.91
(49,364)
1,482.75
8,673 84,185 4,180 46,6671,788.37
(2,050) 27,263 2,030 20,158544.97
-
-
(3,009) 53,056 570 52,1502,447.02
61,607 81,686 11,830 60,232		 (23,372)
37,919 77,913 51,615 60,1711,245.91
(49,364)
1,482.75
8,673 84,185 4,180 46,6671,788.37
(2,050) 27,263 2,030 20,158544.97
-
-
(3,009) 53,056 570 52,1502,447.02
61,607 81,686 11,830 60,232
31,495 403,252 117,665 302,491 9,973.79
3,102 29,298 2,430 27,187721.33
906 20,897 11,740 19,991 847.35
234 10,233 5,915 9,999223.59
1,616 21,679 16,035 20,063951.55
5,858 82,107 36,120 77,240 2,743.82
45,560 938,851 498,707 733,866 29,772

P 26

Independent examiner’s report to the trustees of The Edward Stocks Massey Bequest Fund

I report on the accounts of the Trust for the period ended 31 March 2022, which are set out on pages 7 to 8.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission.

An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the next statement.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:

have not been met or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached

Name: Amy Johnson

Relevant professional qualification or body: CPFA

Address: Burnley Borough Council

Date.. 17101123