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|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|||
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||||||||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|||
##
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|||||||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|
##
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|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|
##
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|||||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||
##
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|||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|
##