2021-04-05-accounts - The Barry And Peggy High Foundation

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

	Page
Reference and Administrative Details
Trustees' Report
Statement ofTrustees' Responsibilities
Report ofthe independent Auditors
Statement of Financial Activities
Balance Sheet
Cash Flow Statement	10
Notes to the Cash Flow Statement
Notes to the Financial Statements	12

	Bar and Pe Hi h Founda	Bar and Pe Hi h Founda	tion
	Reference and Administrative		Details
		for the Year Ended SA ril 2021
TRUSTEES		A N How
		I G Lewis
		H M Taylor-Brown		(Appointed	3 July 2020)
		W R Holmes		(Appointed	3 July 2020)
		D Preston		(Appointed	21 December 2020)
PRINCIPAL ADDRESS		Howes Percival	LLP
		Flint Buildings
		1 Bedding Lane
		Norwich
		NR3 1RG
REGISTERED	CHARITY	NUMBER 801518
AUDITORS		Baker Watkin Audit LLP
		Chartered Accountants
		Statutory Auditor
		Middlesex House
		Rutherford Close
		Stevenage
		Hertfordshire
		SG1 2EF
BANKERS		Svenska Handelsbanken		AB
		Sherwood House
		5 Bluecoats Avenue
		Hertford
		SG141PB

	B	ar and P	e Hi h Foundation	e Hi h Foundation
		Statement	of Financial Activities
		for the Year Ended 5A ril		2021
						2021	2020
			Unrestricted	Unrestricted
			Funds		Funds	Total	Total
			Income		Capital	funds	funds
		Notes	6		6	6	6
INCOME AND ENDOWMENTS	FROM
Donations and legacies		4	560,000			560,000	28,300,000
Investment income		5	140,293			140,293	157,308
Total			700,293			700,293	28,457,308
EXPENDITURE ON
Charitable activities
Charitable activities			761,736			761,736	203,613
Net gains/(losses) on investments				2,	003227	2003227	~774026)
NET INCOME/(EXPENDITURE)			(61,443)	2,003,227		1,941,784	27,479,669
RECONCILIATION OF FUNDS
Total funds brought forward			467,476	32,699,815		33,167,291	5,687,622
TOTAL FUNDS CARRIED FORWARD			406,033	34,703,042		35,109,075	33,167,291

B	ar and Pe Hi h Foundation	ar and Pe Hi h Foundation
	Balance Sheet
	~5A	112021
			2021	2020
	Notes
FIXEDASSETS
Investments
Investments Investment property	12 14		34,277.103 377,500	32,287,620 377,500
			34,654,603	32,665,120
CURRENT ASSETS
Debtors	15			98
Cash at bank			550,565	516,144
			550,565	516,242
CREDITORS
Amounts falling due within one year	16		(96,093}	(14,071)
NET CURRENT ASSETS			454472	502 171
TOTAL ASSETSLESSCURRENT
LIABILITIES			35,109,075	33.167,291
NET ASSETS			35.109.075	33167.291
FUNDS
Unrestricted funds:
Unrestricted Funds Income			406,033	467,476
Unrestricted Funds Capital			34,703,042	32,699,815
			35.109,075	33.167,291
TOTAL FUNDS			35109,075	33.167.291

			B	ar and Pe Hi h Foun	ar and Pe Hi h Foun	dation
				Cash Flow Statement
				for the Year Ended 5A	ril	2021
						2021	2020
				Notes		f	6
Cash flows from operating activities Cash generated from operations				1		~85,496)	432,667
Net cash provided	by operating		activities			(85,496)	432,667
Cash flows from	investing	activities
Income from listed investment(net			ofcharges)			119.423	117,260
Additions to listed	investment						(80,000)
Rental income						118	550
Interest received						376	706
Net cash provided	by((used	in) investing		activities		119.917	38,516
Change in cash	and cash	equivalents
in the reporting	period					34,421	471,183
Cash and cash equivalents		at	the
beginning ofthe	reporting	period				516,144	44,961
Cash and cash equivalents		at	the end
ofthe reporting	period					550,565	516,144

	for the Year Ended	for the Year Ended	for the Year Ended	5 A ril 2021	5 A ril 2021	5 A ril 2021	5 A ril 2021
RECONCILIATION OF	NET INCOME TO NET CASH			FLOW FROM OPERATING ACTIVITIES
						2021	2020
						F	5
Net income for the reporting Financial Activities) Adjustments for:			period (as per the Statement of			1,941,784	27,479,669
(Gain)/losses on investments Probate value ofshares investment Interest received Rental income Income from listed investment Management charges from listed investment Decrease in debtors						(2,003,227) (376) (118) (139,800) 34,121 98	863,454 (27,800,000) (706) (550) (156,052) 35,558 1
Increase in creditors						82,022	11,293
Net cash provided by	operations					~85,496)	432,667
ANALYSIS OF CHANGES		IN	NET FUNDS
				At	6.4.20	Cash flow	At 5.4.21
					F	6
Net cash
Cash at bank				516.144		34,421	550,565
				516,144		34,421	550,565
Total				516.144		34,421	550,565

DONATION	S AND LEGA	CIES
			2021	2020
			Unrestricted	Total
			funds f	funds
Donations	from MH(VN/)E	Ltd	560,000	500,000
Donations	from the estate	ofB L High
(deceased)				27.80Q,QQQ
			560,000	28,300,0QQ
INVESTMENT INCOME
			2021	2020
			Unrestricted	Total
			funds F	fundsf
Rental income			117	550
Income from listed investments			139,800	156,052
Other interest receivable			376	706
			140,293	157,308

			2021	2020
			6	6
Grant funding of activities (see note 7) Share ofsupport costs (see note 8) Share ofgovernance costs (see note 8)			680,000 77,176 4,560	119,500 79,553 4,560
			761,736	203,613
GRANTS PAYABLE
			2021	2020
				6
Charitable activities			680,000	119,500
The total grants paid to institutions		during the year was as follows:
			2021	2020
			F	6
Institutions			680,000	119,500
			2021	2020
			6	F
Brathay Trust (1021586)			50,000
Childline (1003758)			200,000
CITB (264289) London's air ambulance limited (801013)			50,000	60,000
MQ: transforming mental health (1139916)			11Q,QQQ
RNLI life saving endowment	(1184013)		60,000
St John ambulance association, Nelson centre (255743)			50,000
The Samaritans (219432)			50,000
Wings South West (1082938) YES-Youth education service (289848)			30,0QQ 80,000	20,000 39.500
			880,000	110500

		Listed	Other
		investments f	investments F	Total F
Cost or valuation
At 6April	2020	4,487,620	27,800,000	32.287,620
Additions Valuation Disposals	changes	139,800 1,601,954 ~135933..544441	401,273 -	139,800 2,003,227 ~153,544}
At 5 April	2021	6,075,830	28,201,273	34,277,103
Carrying	amount
At 05April 2021		6,075,830	28,201.273	34,277,103
At 05 April 2020		4,487,620	27,800,000	32,287,620