## ||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|