| CONTENTS | PAGES | |
|---|---|---|
| Ofliccrs k professional | advisors | |
| Anmial report ofthe Trustees | 2 to 3 | |
| Independent examiners' |
repots | |
| Statement offinancial | activities | |
| Balance Sheet | ||
| Notes to the accounts | 7to 10 |
| THE BOARD OFTRIJSTEES | |||
|---|---|---|---|
| Chairman | Mr P B Elmhirst | ||
| Other menibers | Mr J Bostwick | ||
| Cllr K Richardson | |||
| J Love | |||
| Mr P Milum | |||
| Cllr C Makinson | |||
| Cllr T Shcpbcrd | |||
| T Brookes | |||
| CLERK | Mr RA EUmbeis FCA | ||
| c/o Ncw Court | |||
| Abbey Road North | |||
| Shepley | |||
| Huddersfield | |||
| HDS SBJ | |||
| INDEPENDENT EXAMINERS | Hanis &Co | ||
| Marland House |
|||
| 13Huddersfield | ltoad | ||
| Banisley | |||
| S702LW | |||
| BANKERS | Svenska Handelsbanken | AB (publ) | |
| Ground Floor, 12Longbow Close |
|||
| Pennine Business |
Pmk, Bradley | ||
| Huddersfield | |||
| HD2 1GQ | |||
| STOCKBROKERS | AFH Wealth Management | ||
| Buntsford Drive |
|||
| Stoke Heath | |||
| Bromsgrove | |||
| Worcesteinhire | |||
| B604JE |
| 2021 | 2020 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Note | ||||||||||
| INCOME AND ENDOWMENTS FROM: | ||||||||||
| Donations snd legacies |
8 | 26,143 | 25,165 | |||||||
| Investnient income |
||||||||||
| Rent received | 30,044 | 37,293 | ||||||||
| Other income | ||||||||||
| Other intcrcst and dividends | 2,328 | 2,999 | ||||||||
| Total income | 58,515 | 65,457 | ||||||||
| EXPKNDITURF. ON: | ||||||||||
| Charitable activities |
||||||||||
| Insurance | 5,103 | 5,068 | ||||||||
| Assistant curator |
1(),342 | 16,978 | ||||||||
| Giants and donations | 9 | 1,000 | ||||||||
| Conservation snd iransportation |
fees | 3,780 | 7,867 | |||||||
| Gallery Opening Hours |
5,000 | 5,000 | ||||||||
| 31,224 | 34,913 | |||||||||
| Governance costs: |
||||||||||
| Clerk's fees | 5,100 | 4,900 | ||||||||
| Stockbrokers' fees |
2,001 | 1,093 | ||||||||
| Rcpaim | 5,385 | 531 | ||||||||
| Legal tk professional | fccs | 1,150 | 1,885 | |||||||
| Sundry expenses | 134 | 196 | ||||||||
| Accountants' fees |
700 | 600 | ||||||||
| 14,470 | 9,205 | |||||||||
| Total expeoditure | 45,694 | 44,118 | ||||||||
| NET INCOME/(EXPENDITURE) | 12,821 | 21,339 | ||||||||
| Realised profit/(loss) | on | disposal | of investinents | 11,194 | (539) | |||||
| Unrealised revaluation |
gains on Works ofart | 20,100 | ||||||||
| Unrealised profit/(loss) |
on revaluation | ofmvestments | 4,929 | |||||||
| NKT MOVKMKNT | IN FUNDS | 49,044 | 14,965 | |||||||
| Total funds brought | forward | 4,981,589 | 4,966,624 | |||||||
| Total funds carried | fomvsrd | 5,030,633 |
| 2021 | 2020 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Note | f | |||||||||
| INVESTMENTS | ||||||||||
| Freehold property | 385,000 | 385,000 | ||||||||
| Works ofart | 4,470,265 | 4,450, 165 | ||||||||
| lnvestntents | 128,995 | 113,591 | ||||||||
| 4,984,260 | 4,948,756 | |||||||||
| CURRENT | ASSETS | |||||||||
| Debtors | 6,709 | 31,069 | ||||||||
| Cash at hank | 41,764 | 11,778 | ||||||||
| 48,473 | 42,847 | |||||||||
| CURRENT | LIABILITIES | |||||||||
| Creditors; Amounts | fnlling due within | one year | 2,100 | 10,014 | ||||||
| NET CURRENT | ASSETS | 46,373 | 32,833 | |||||||
| NET ASSETS | 5,030,633 | 4,981,589 | ||||||||
| FUNDED BY | ||||||||||
| Unresndettat | funds | 5,030,633 | 4,981,589 | |||||||
| 5,030,633 | 4,981,589 |
| Preehold | Propert | y | ||
|---|---|---|---|---|
| 2021 | 2020 | |||
| 1 | ||||
| Valuation | brought | fonvard | 3115,000 | 335,000 |
| Valuation | carried | forward | ~385000 | ~335000 |
| h lurker Listed Investments |
|||||
|---|---|---|---|---|---|
| No. | Cost at | MV sl | Cost at | MV at | |
| 30.6.21 | 30.6.21 | 30.6.20 | 30.620 | ||
| f | |||||
| 1.875M I/L Srk 22/I I/2022 | 5,989 | 6,062 | |||
| MdtG Sccuntics Ltd, Optimal Income Stcrhng |
4,332 | 5,458 | |||
| BNV Mellnn Fd Mngr Ncmfun Intf Bd W Net Inst l |
5,986 | 7,131 | |||
| Royal London Ulm Sterhng Credit 2GBP Dis |
4,988 | 5, 137 | |||
| Jupiter UT Mngrs UK Special Situations I Inc. |
8,235 | 6,565 | |||
| JP Morgan Am UK Ltd UK Equity Core E Net Inc. |
8,873 | 7,752 | |||
| Ilontrust Fund Pm Spemul Situuts Ins Inc. |
4,096 | 4,404 | |||
| Thrcadnccdfc fnvcs UK Equity income 2GBP Dis |
8,'284 | 7,010 | |||
| Royal London Ulm UK Equily Income Z Inc |
4,395 | 3,643 | |||
| Standard Life Invs. Fumpean Liquily Inc |
4,255 | 5,085 | |||
| Findlay Park Fds Amencen USD Dis |
1,673 | 5,839 | |||
| Polar Capital fund N.Antcntn SGBP Dis |
4,529 | 9,731 | |||
| Vanguard I'unde Pic SAP 500 Ucits Etfinc GBP |
7,213 | 7,96fl | |||
| Beige Gifford Japanese W3 Dis |
3,054 | 3,007 | |||
| Schrodcr UT Asian Inconm L Inc | 4,943 | 5,030 | |||
| Hermes Fd Manger F H J2 |
5,119 | 5,306 | |||
| UK Commercial Prop Ord OBPf0.2( |
5,023 | 4,073 | |||
| Bilfingcr Berger G Ord Npv | 3,902 | 6,202 | |||
| Neubcrger Her Inv Uncorrelated Stret 12 |
3,526 | 3,615 | |||
| Valu-Tree Invcstnic Protean Cap Procsi Core A |
4,561 | 4,573 | |||
| Aberdeen Std Fd Mg Asi Gbl Suet And Re Inv FN |
983 | 3,596 | 3,920 | ||
| Abcrdccn Sld Fd Mg Asi UK Ftbical L'qty lnstl | 1,646 | 3,482 | 3,900 | ||
| Aegon Am UK Pic Lillucal Corporate Bond BAc |
2,375 | 5,211 | 5,158 | ||
| Acgon Am UK Pic Etlncal Equity 0 Acc | 1,1185 | 4,728 | 5,204 | ||
| BMO Fund Mgmt Ltd BMO Rcspunsible Obl Fqty 2 |
1,229 | 7,438 | 8,082 | ||
| BMO Fund Mbnnt Ltd BMO Rcspoesiblc Slg Corp BD |
8,923 | 5,246 | 5,141 | ||
| Edcnlrec Inv Mgmt Re p And Suet Stg BD0 Inc FEentree Inv Mgmt Resp And Suet UK Eqty 0 Inc |
8,667 1,487 |
10,329 3,565 |
10,287 3,tt(2 |
||
| Edentree Inv Mgmt Rcsptmsible Aod Suet Short |
10,255 | 10,275 | 10,286 | ||
| Cmldman Sachs Amfs Emergmg Mkts Eqly Esg Ptf |
279 | 3,392 | 3,319 | ||
| Henderson Investnm Janus Hend UK Resp Itic I |
3,213 | 4,739 | 5,185 | ||
| Johcm Funds UK Lld Regnan Gbl liq Imp Sots F |
G,331 | 7,288 | 7,256 | ||
| Legal A General UT LftG MSCI Wld Socfy Resp lnv | 3, 11L1 | 3,660 | 3,947 | ||
| Liuntrust Fund Piu Suet Future Coqi BD6Ncl |
4,128 | 6,190 | 6,358 | ||
| Lionlrusl Fund Par Susl I'ulur Gbl Otli 2 Acc |
2,832 | 7,409 | 8,051 | ||
| Liontrust Fund Par UK Ethical 2 Net Acc Nav |
1,3G4 | 4,722 | 5, 107 | ||
| Prmnier Portfoho Miton Ethical CAcc |
793 | 3,440 | 3,840 | ||
| Rathbone UT Mgt Ethical Bond Instl Acc |
2,079 | 5,156 | 5,113 | ||
| Rlum Limited RLSustnable Wrld Tst CAcc |
2,418 | 7,437 | 7,952 | ||
| Royal London AM Ethical Bond M(iBP Acc | 6,570 | 10,380 | 10,315 | ||
| Vanguard fnv Ser Fagdev Wld AB Csp Eqty Idx |
20 | G, I 82 | 6,725 | ||
| 124,066 | 128995 | 102,976 | 113,591 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| f | f | ||||
| Prepaymcnis | arid accrued income | 6,685 | 31,069 | ||
| VAT | 24 | ||||
| 6,709 | ~31069 | ||||
| 6 | BANK BALANCES | ||||
| 2021 | 2020 | ||||
| 6'ash st Bank | 38,897 | 8,127 | |||
| Investec Deposit | 2,866 | 3,651 | |||
| 41,763 | 11,778 | ||||
| 7 | CREDITORS: AMOUNTS | PALLIViG DUE IYITIIIN ONE YEAR |
| 7 | CREDIT | OR | S: AMO | UNTS PALLIViG DUE IYITIII |
N ONE YEAR | |
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| VAT | 1,450 | |||||
| Accmals | and | dcfcrred | income | 2,100 | 8,564 | |
| 2,100 | 10,014 | |||||
| 8 | DONATIONS | AND LEGACIES | ||||
| 2021 | 2020 | |||||
| f | ||||||
| Covid grant | 26,143 | 25,00tl | ||||
| Paul Efmhirst | donation | 100 | ||||
| Terry Brookes | donation | 65 | ||||
| 26,143 | ~25 165 | |||||
| 9 | GRANTS | AND DONATIONS | ||||
| 2021 | 2020 | |||||
| f | ||||||
| Cooper Prize | 1,000 | |||||
| 1,000 |
| 2021 | 2020 | ||
|---|---|---|---|
| f. | |||
| Balance brought | foovard | 4,981,589 | 4,966,624 |
| Nel muvcmcnl | m funds for the year | 49,044 | 14,965 |
| Balance cerned | foovard | ~5030 633 | 4,981,589 |