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|Report ofthe Trnstees||I to 3|
|---|---|---|
|Independent<br>Examiners|Report to the Tmstees||
|Statement ofFinancial|Activities||
|Balance Sheet|||
|Notes to the Financial|Statements|7 to 10|





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|||||Total|Total|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|funds|funds|
|||funds|funds|2021|2020|
|INCOMING RESOURCES|Notes|||||
|Investment<br>income:||||||
|Rent receivable||56,365||56,365|63,961|
|Dividends<br>and interest||111,497||111,497|133,843|
|TOTAL INCOMING RESOURCES||167,862|—|167,862|197,804|
|RESOURCES EXPENDED||||||
|Cost ofgenerating<br>funds|3|25,016|-|25,016|26,823|
|Charitable<br>Activities:||||||
|School scholarships,<br>grants for clothing,||||||
|book vouchers<br>and donations||124,484||124,484|142,365|
|Apprenticeships||4,663||4,663|14,366|
|||129,147||129,147|156,731|
|Direct and Support Costs:||||||
|Administrative<br>and general expenses|4|25,555||25,555|31,539|
|TOTAL RESOURCES EXPENDED||179,718||179,718|215,093|
|NET OUTGOING RESOURCES||||||
|Before other recognised<br>gains and losses||(11,856)||(11,856)|(17,289)|
|GAINS/(LOSSES) ON INVESTMENTS||||||
|Realised gains/(losses)<br>on investments|6||76,489|76,489|24,824|
|Unrealised<br>gains/(losses)<br>on investments|6||517,247|517,247|(409,901)|
|Realised gain on investment<br>properties|5|||||
|NET MOVEMENT IN FUNDS||(11,856)|592,736|581,880|(402,366)|
|BALANCES BROUGHT FORWARD||305,077|4,136,310|4,441,387|4,843,753|
|BALANCES CARRIED FORWARD||293,221|4,730,046|5,023,267|4,441,387|





||||2021||2020|
|---|---|---|---|---|---|
||Note|||||
|FIXEDASSETS||||||
|Tangible assets:||||||
|Investment<br>properties|||1,268,750||1,268,750|
|Investments|||3,544,133||3,035,250|
||||4,812,883||4,304,000|
|CURRENT ASSETS||||||
|Debtors|7|122,187||55,397||
|Cash at bank and in hand||100,229||89,967||
|||222,416||145,364||
|CREDITORS: AMOUNTS FALLING||||||
|DUE WITHIN ONE YEAR|8|12,032||7,977||
|NET CURRENT ASSETS|||210,384||137,387|
|TOTAL ASSETSLESSCURRENT||||||
|LIABILITIES'|||X5,023,267||&,441,387|
|RESERVES||||||
|Restricted funds|||4,730,046||4,136,310|
|Unrestricted<br>funds|||293,221||305,077|
||||65,023,267||&l,441,387|






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||year.<br>Re-imbursement<br>ofexp|year.<br>Re-imbursement<br>ofexp|year.<br>Re-imbursement<br>ofexp|enses tot|alling<br>gNII were paid in the year.||
|---|---|---|---|---|---|---|
|3.|COST OF GENERATING|||FUNDS|||
||||||2021|2020|
||Managing<br>Agents fee||||7,306|7,994|
||Portfolio Management||fee||17,710|18,829|
||||||f25,016|f26,823|
||ADMINISTRATIVE|AND||GENERAL EXPENSES|||
||Clerk's fees, expenses<br>and postage||||16,040|15,000|
||Independent<br>Examiner's||fees||3,300|3,120|
||Property repairs||||3,527|9,397|
||Heating,<br>lighting<br>and Council|||Tax|159|443|
||Insurance||||1,549|(136)|
||Professional<br>fees||||600|3,116|
||Sundries|||||219|
||Payments<br>to Yardley Charities Estates||||Almshouses:||
||Anmtal<br>payments<br>under||determination||order||
||of5 June 1908||||380|380|
||||||f25,555|f31,539|
||TANGIBLE ASSETS||||||
||- INVESTMENT PROPERTIES||||||
||At valuation||||||
||At 31March 2020||||1,268,750|1,268,750|
||Additions<br>at cost||||||
||Revaluation||||||
||Less: Disposals||||||
||At 31March 2021||||61,268,750|f1,268,750|





|6.|INVESTMENTS||||||
|---|---|---|---|---|---|---|
||||||2021|2020|
||Inveshnents||||f3,544,133|f3,035,250|
||Quoted investments||||||
||Market value at 31March||2020||3,035,250|3,454,808|
||Add:||||||
||Additions<br>at cost||||483,732|838,259|
||Less:||||||
||Disposal proceeds||||(568,575)|(872,740)|
||Add:||||||
||Realised gains/(losses)||||76,489|24,824|
||Net gains/(losses)<br>on revaluation||||517,247|(409,901)|
||Market value at 31 March||2021||f3,544,133|f3,035,250|
||Cost at 31March 2021||||f2,868,409|f2,902,336|
||Unrealised<br>gains included<br>at 31March 2021||in valuation||6675,724|f132,914|
||UK listed investments|are|represented|by;|||
||UK Bonds and other fixed||interest securities||551,449|757,451|
||UK Equities||||896,385|712,214|
||Non-UK Equities<br>and Bonds||||1,810,039|1,502,495|
||Overseas Bonds||||286,260|63,090|
||Total||||f3,544,133|63,035,250|



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|Due from Stockbrokers|109,320|39,468|
|---|---|---|
|Due from Managing<br>Agents|11,701|13,342|
|Debtors and prepayments|1,166|2,587|
||6122,187|E55,397|





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|CREDITORS: AMOUNTS <br>WITHIN ONE YEAR|FALLING DUE|||
|---|---|---|---|
|||2021|2020|
|||8||
|Accrued expenses||8,100|4,863|
|Rental income and insurance|recharged in advance|3,932|3,114|
|||612,032|g7,977|



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