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2021-04-05-accounts

Page
Reportof theTrustees 1to2
Independent Examiner'sReport 3
StatementofFinancialActivities 4
Balance Sheet 5
Notesto theFinancialStatements 6to11
Detailed StatementofFinancialActivities L2

2f)2t
Unrestricted		 2020
Total
funds funds
Notes E E
INCOME ANDENDOWMENTSFROM
Investmentincome 1 32,116 33,803
EXPENDITUREON
Raisingfunds 3 5,693 6,968
Charitableactivities 4
Grantsin furtheranceofthecharity's
nhicrtc		 22,5O0 )6 )\O
Grant related supportcosts 7,426 8,t29
Total 36,619 41,347
Netgains/(losses)oninvestments 23Lt957 (183,068)
NETINCOME/(EXPENDITURE) 227,454 (190,612)
R,ECONCILIATIONOF FUNDS
Total funds broughtforward 786,276 976,888
TOTALFUNDSCARRIEDFORWARD L,Ol3,730 786,276
:

2lJ21 2020
Unrestricted Total
funds funds
Notes E t
FIXEDASSETS
Investments 8 988J27 755,680
CURRENT ASSETS
Cashatbank 26,990 33,116
CREDITORS
Amounts fallingduewithinoneyear		 9 (L3a7) (2,s20)
NET CURRENT ASSETS 25,603 30,596
TOTALASSETSLESSCURRENT
LIABILITIES 1,O13,73O 786,276
NET ASSETS ttol3,73lJ 786,276
FUNDS
Unrestrictedfunds		 10 t,o!3,730 796,276
TOTALFUNDS L,OL3,73O 796,276

2. INVESTMENT INCOME
2.J2L 2020
E t
Dividends 29,659 31,832
Interest 2,457 7,977
32,LL6
:		 33,803
:
3 RAISINGFUNDS
Investmentmanagementcosts
2021 2020
E T
Portfolio management 4,388 4,579
Supportcosts 2,3O5 2,399
6,693 6,968

CHARITABLEACTIVITIESCOSTS
Grant
fundingof
activities Support
Direct (see note costs (see
Costs s) note6) Totals
L E E E
Grants in furtherance ofthe
charity's objects
Grant related supportcosts		 6Asz 22tslJO 974 22,5OO
7,426
: 6,452 : 22,5OO 974
:		 jg,926
GRANTS PAYABLE
2()21
E		 2020
t
Grants in furtherance of the charity's objects 22,5OO
:		 ,6,,51
Thetotal grantspaidtoinstitutions duringthe yearwasas
follows:
202L 2020
E t
WigmoreHallTrust 1,OO0 7,000
The LeagueoftheHelpingHand 14,OO0 5,000
Norwood 5,OOO 5,000
Garsington OperaLimited 2,5OO 3,250
JNETiCS 1,000
JohnLyonSchool 5,000
22,5OO
:		 26,250

SUPPORTCOSTS
Governance
Management Finance costs Totals
E E E E
Investmentmanagement costs 2,O63 1+1 2,3O5
Grant related supportcosts 242 732 974
2,O63 484 732 3,279

Management
202L 2020
Investment
management Total
costs activities
E T
Professional fees 2,063 2t746
Finance
2()2L 2020
Grant
Investment related
management support Total Total
costs costs activities activities
E E E t
Bank charges : 242 : 242 444.
:		 446
:
Governance costs
zlJ21 2020
Grant
related
support Total
costs activities
E I
Independent examinersfees 366 560
Accountancy fees 366 360
732
:		 920

FIXEDASSETINVESTMENTS
Listed
investments
E
MARKET VALUE
At6th April2020 755,68O
Additions 490
Revaluations 23L,957
At5thApril2021 988,L27
NET BOOK VALUE
At5thApril202l 988,127
At5th April2020 755,680
:
CREDITORS: AMOUNTS FALLINGDUE WITHINONE YEAR
2.)21
E		 2020
I
Other creditors 1,387 2,520
:
MOVEMENTINFUNDS
Net
movement At
At 6/4/20 in funds s/4/21
E E E
Unrestricted funds
Incomefund
CapitalFund		 6,1.28
78O,L48		 2,lgo
225t264		 8,318
1.,oo5,412
786,276 227,454 Lt0l3,730
TOTALFUNDS 786t276 : 227,454 '-tot3t730

Net movement in funds, included intheabove are asfollo ws:
Incoming Resources Gainsand Movement
resources
EE		 expended losses
E		 in funds
E
Unrestrictedfunds
Incomefund
CapitalFund		 32,1!6 (29,926)
(6,693)		 23L,957 2,LgO
225,264
32,116 (36,619) 23L1957 227,454
TOTALFUNDS 32,116 (36,619) 23t,957 227,454

Comparativesformovement in fund s
Net
movement At
At 6/4/79 infunds s/4/20
E E E
Unrestricted funds
Incomefund 7,L72 (e84) 6,128
CapitalFund 969,776 (189,628) 780,748
976,888 (190,612) 786,276
TOTALFUNDS 976,888
:		 (190,612) ?8:,r?l
Incoming
resources
EE		 Resources
expended		 Gainsand
losses
E		 Movement
infunds
E
Unrestricted funds
Incomefund 33,395 (34,379) (e84)
CapitalFund 408 (6,968) (183,068) (189,628)
33,803 (41,347) (183,068) (190,612)
TOTALFUNDS 33,803 (47,347) (183,068) (190,6i2)
Acurrentyear12months andprioryea r12months combined position isasfollows
Net
movement At
At 6/4/t9
E		 infunds
E		 s/4/2r
t
Unrestricted funds
Incomefund 7,Lr2 L,206 8,318
CapitalFund 969,776 35,636 r,005,412
976,888 36,842 \,0L3,73A
I(.,IAL TL'ITE':' 67e
J I
:
OOO
Vr@o		 ac oA1
JVt014		 1 n1a 12n
LrVLJrt
JW
Acurrentyear12 months andp
theabove are asfollows:		 rioryearL2 months com binednetmo vementinfund vementinfund s,included
ltlLvtIilttv D^^^'
.-^^-
NSJVUt
tgJ		 -^i-^
-nl
uqil toqrtu		 Ma.,aaanl
t'lvvcttfgltL
resources
E		 expended
E		 losses
E		 infunds
t
Unrestricted funds
Incomefund 65,511 (64,305) t,206
CapitalFund 408 (13,661) 48,889 35,636
65,919 (77,966) 48,889 36,842
TOTALFUNDS : 65,919 (77,966) : 48,889 :tt4,

202r
E		 ZU2Ut ZU2Ut
INCOMEANDENDOWMENTS
Investmentincome
Dividends 29t659 ?1 a?f
Interest 2t457 t,97t
32,LL6 33,803
Total incomingresources 32,116 33,803
EXPENDITURE
Investmentmanagementcosts
Dnrl-fnlin mrntnamanf
rr rsi
rY9vr
t iv!
rt		 4,-388 4 \7q
Charitableactivities
LaytonsFees
Investecfees		 2,O63
4,399		 2,396
4,590
Grantstoinstitutions 22,5OO 26,250
28,952 33,216
Support costs
Management
Professionalfees 2,O63 2,146
Finance
Elrnlzrh r raac
eur,^
e,,q,
y!J		 444 aF',6
Governance costs
Independent examinersfees 366 560
Accountancy fees 366 360
732 920
Totalresources expended 36,619 4r,347
Netexpenditure beforegainsand
losses		 (4,503) (7,544)
Realisedrecognisedgainsandlosses
Realisedgains/(losses)onfixedasset
investments r0,375
Net(expenditure)/income (4,503) : zroJL

EDULE OF
THE YEAR
INVESTMENTS
ENDEDsTH APRIL 2021
Market
Valueat
o6.04.20		 Adjustment
MarketValue		 Additions
in theYear		 Disposals
intheYear		 Profit/(Loss)
onDisposal		 Revaluation
in theYear		 Market
Valueat
o5.04.21
26,000
19,750
12,000
7,400
4,350
1,100
T,L73
17,500
7,350		 Aberdeen StdFundMgASI EuropeExUKInc
Apax GlobalAlphaOrd
Aviva8.75oloCumIrrPreff1
BHP(Billiton)OrdUSDO.5
Centrica Ord€0.061728395
CRHOrd €0.32
DiageoOrd€0.028101/108
Fortem CapitalProgGrowth AccFund
Fundsmith EquityIInstlAcc
(Accumulations in year)		 20,262.00
23,t47.OO
14,400.00
t7,378.OO
1,385.00
23,480.00
28,841.00
16,517.00
3L,027.00		 t69.23 6,492.OO
14,477.OO
4,380.00
11,571.00
1,051.00
13,310.00
6,428.OO
3,748.00
ro,089.77		 26,754.OO
37,624.00
18,780.OO
28,949.OO
2,436.OO
36,79O.OO
35,269.OO
20,255.OO
41,285.OO
1,250
21,355
L2,400		 GlaxosmithKlibe Ord25p
GreencoatUKWind OrdE0.01
HendersonJanus EuropeanFocusIAcc
(Accumulations in year)		 18,623.00
28,295.00
24,34L.O0		 320.45 (2,6s2.00)
(61s.00)
10,740.55		 15,971.OO
27,676.OO
35,4O2.OO
2,000
600
2,t00
38,488.536
1,150
15,000
2t,664
1,330
4,400
8,000
6,100
t,375
1,330
t,786
20,000
12,000
2,000
L,4OO
2,000
3,163
3,000		 HICLInfrestructureOrd
ImperialBrandsOrd10p
IsharesIiMSCIQltyDivCUnits
lPMorgan USEquity IncomeK
Jupiter Global Dynamic BondD
LloydsBanking Group9.25oloNon. Cum.Irred.Pref
LloydsBanking Group Ord €0.L0
M&GOrd €0.05
MarksandSpencerOrd €0.25
MonKInvestment Trust Ord €0.05
Murray Investment Trust Ord €0.25
PearsonOrdE0.25
Prudential Ord €0.05p
RoyalDutch Shell"8"€0.07
Royal LondonUtm Sterling CreditInst IncZ
Schroder Oriental Ord €0.01
SSEOrd €0.50
South 32NPV
Smith and Nephew Ord8O.t2222
Tate andLyleOrd €0.25
TescoOrdf0.05
(Consolidation15:19 15.02.2021)		 29,900.00
9,387.00
50,040.00
37,257.OO
11,615.00
16,950.00
6,006.00
1,455.00
4,136.00
60,800.00
51,545.00
6,s69.00
t2,237.OO
25,325.OO
26,980.00
22,896.00
21,450.00
1,259.00
27,240.OO
19,42LOO
8,510.00		 3,160.00
(4s3.00)
10,699.00
L2,572.OO
288.00
6,293.00
3,260.00
1,329.00
2,571.OO
48,880.00
21,533.00
4,028.00
8,401.00
(1,480.00)
1,660.00
10,704.00
7,705.OO
949.00
(4s.00)
4,798.OO
(1,671.00)		 33,060.O0
8,934.OO
60,739.OO
49,829,OO
11,903.OO
23,243.OO
9,266.OO
2,784.OO
6,7O7.OO
109,58O.OO
73,O78.OO
1O,597.OO
20,638.OO
23,845.OO
28,640.OO
33,600.OO
29,155.OO
2,2O8.OO
27,L95.OO
24,2L9.OO
5,839.OO
750
16,000
t,t25		 Unilever Ord €0.031111
Utilico Emerging Markets Ordf0.01
WoodGroup (John)Ord8O.O42857L		 30,274.OO
24,800.00
1,932.00		 (111.00)
5,800.00
1,071.00		 30,163.OO
31,600.OO
3,OO3.OO
755,680.00 489.68 23t,957.32 988,127.OO