| Page | |||
|---|---|---|---|
| Reference and Administrative | Information | ||
| Trustees Report | |||
| Independent Examiners Report |
|||
| Statement ofFinancial Activities | |||
| Balance Sheet | |||
| Notes to the Accounts | |||
| Schedule I to the accounts is | for the Trustees | information | |
| only and does not form part | ofthe statutory | accounts |
| Principal Office | Principal Office | 7 The Square | ||||
|---|---|---|---|---|---|---|
| Wilstead | ||||||
| Bedfordshire | ||||||
| MK45 3HL | ||||||
| Trustees | DrRD Prew | |||||
| Mrs S M D O'Donnell | (Retired 13/06/2021) | |||||
| Mrs JM Godino | ||||||
| Mrs DL Craig | ||||||
| Mrs JJeans (Appointed | 22/03/2021) | |||||
| Mrs TEDales (Appointed | 28/03/2022) | |||||
| Clerk to the | Trustees | Mrs A Quinn | ||||
| Bankers | CAF Bank | |||||
| P0Box289 | ||||||
| West Mailing | ||||||
| Kent | ||||||
| ME194TA | ||||||
| Legal Advisors | Debenhams Ottaway |
|||||
| 107StPeters Street | ||||||
| StAlbans | ||||||
| Hertfordshire | ||||||
| AL1 3EW | ||||||
| Independent | Examiners | Miller &Co | ||||
| Chartered Accountants |
||||||
| 5 Imperial Court |
||||||
| Laporte Way | ||||||
| Luton | ||||||
| 8edfordshire | ||||||
| LU4 8FE | ||||||
| Investment | Managers | Rathbone Investment |
Management | Limited | ||
| 8 Finsbury Circus |
||||||
| London | ||||||
| EC2M 7AZ |
| FORTH | E YEA | R ENDED 5APRIL 2022 | R ENDED 5APRIL 2022 | |||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total | Total | ||||||
| Income | Expendable | Funds | Funds | |||||
| Funds | Endowment | 2020 | 2021 | |||||
| Notes | K | |||||||
| INCOME FROM: | ||||||||
| Investments | ||||||||
| Dividends | 118,887 | 118,887 | 92,346 | |||||
| Interest on Securities | 19,894 | 19,894 | 21,589 | |||||
| Bank and stockbroker | interest | 53 | 53 | 11 | ||||
| TOTAL INCOME | 138,834 | 138,834 | 113,946 | |||||
| EXPENDITURE ON: | ||||||||
| Raising funds | ||||||||
| Investment management |
costs | 37,350 | 37,350 | 33,031 | ||||
| Administration costs |
11,543 | 11,543 | 11,319 | |||||
| Charitable activities |
||||||||
| Project grants | 67,366 | 67,366 | 135,660 | |||||
| TOTAL EXPENDITURE | 116,259 | 116,259 | 180,010 | |||||
| NET EXPENDITURE | BEFORE | |||||||
| INVESTMKNT (LOSSES)/ GAINS | 22,575 | 22,575 | (66,064) | |||||
| (Losses) / gains on investments | ||||||||
| Realised on sale | 69,207 | 69,207 | (433,066) | |||||
| Unrealised | 178,267 | 178,267 | (1,045,303) | |||||
| NET (EXPENDITURE) | / | INCOME AND | ||||||
| NET MOVEMENT IN | FUNDS | 22,575 | 247,474 | 270,049 | 1,412,305 | |||
| Reconciliation offunds: |
||||||||
| TOTAL FUNDS BROUGHT FORWARD | 233,965 | 5,514,029 | 5,747,994 | 4,335,689 | ||||
| TOTAL FUNDS CARRIED FORWARD | f256,540 | K5,761,503 | K6,018,043 | f5,747,994 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Note | ||||
| FIXEDASSETS | ||||
| Investments | 5,870,078 | 5,783,087 | ||
| CURRENT ASSETS | ||||
| Accrued income | 400 | 208 | ||
| Cash at bank | ||||
| Deposit account | 47,619 | 27,060 | ||
| Capital account | 1,000 | 1,000 | ||
| Cash at stockbrokers | ||||
| Capital account | 145,916 | 34,163 | ||
| Income account | 8,550 | 4,176 | ||
| USD Capital account | 2,026 | 22,553 | ||
| Euro Capital account | 31,701 | |||
| 237,212 | 89,160 | |||
| CREDITORS: A.mounts | falling due within | |||
| one year | 69,247 | 94,253 | ||
| NET CURRENT (LIABILITIES) / ASSETS | 167,965 | (5,093) | ||
| TOTAL ASSETSLESSCURRENT LIABILITIES | 6,038,043 | 5,777,994 | ||
| CREDITORS: Amounts | falling due after | |||
| more than one year | 20,GGO | 30,000 | ||
| NET ASSETS | K6,018,043 | K5,747,994 | ||
| CHARITY FUNDS | ||||
| Unrestricted funds |
10 | 256,540 | 233,995 | |
| Endowment funds |
||||
| Expendable endowment |
10 | 5,761,503 | 5,514,029 | |
| TOTAL CHARITY FUNDS | K6,018,043 | K5,747,994 |
| Basis of | Income | Expendable | 2022 | 2021 | |||
|---|---|---|---|---|---|---|---|
| Allocation | Fund | Endowment | Total | Total | |||
| Governance | costs | ||||||
| Independent | examiners | fees | Direct | 3,060 | 3,060 | 2,994 | |
| Clerk's fees | Direct | 7,780 | 7,780 | 7,585 | |||
| PPS | Direct | 387 | 387 | 226 | |||
| Sundry expenses | Direct | ||||||
| Bank Charges | Direct | 108 | 108 | 75 | |||
| Insurance | Direct | 308 | 308 | 308 | |||
| Exchange difference | Direct | (100) | (100) | 131 | |||
| 11,543 | 11,543 | 11,319 |
| INVESTMKNTS | |||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Listed investments | |||||
| Stocks and shares | 5,870,078 | 5,783,087 | |||
| Movements in fixed |
asset investments: | ||||
| Market value at 6 April | 5,783,087 | 4,317,532 | |||
| Additions at cost |
1,195,529 | 2,310,827 | |||
| Disposal proceeds | (1,356,012) | (2,323,641) | |||
| Realised gain/(loss) | on | disposal | 69,207 | 433,066 | |
| Unrealised revaluation |
gain/(loss) | 178,267 | 1,045,303 | ||
| Market value at 5 April | 5,870,078 | 5,783,087 | |||
| Historical cost as at | 5 April | 4,953,337 | 4,756,940 | ||
| Investments can be |
summarised | as follows: | |||
| UK stocks | 3,215,202 | 3,327,026 | |||
| Foreign stocks | 2,654,876 | 2,456,061 | |||
| Market value at 5 April | 5,870,078 | 5,783,087 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Amounts | falling due within | one year | ||
| Grants payable | 57,000 | 82,500 | ||
| Accruals | 12,247 | 11,753 | ||
| 69,247 | 94,253 | |||
| Amounts | falling due after | more than one year | ||
| Grants payable | 20,000 | 30,000 | ||
| 20,000 | 30,000 |
| GRANTS | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Charitable grants made to institutions |
during the period comprise: | |||
| 4~Dunstable Scout Group |
6,000 | |||
| All Saints Church Queens | Park Bedford | 10,000 | ||
| BOLD (formerly Beds Garden Carers) —pledge withdrawn | (12,000) | |||
| British Red Cross | 3,500 | |||
| Elstow Bunyan Memorial | Hall | 10,000 | ||
| Full House Theatre Company | 5,000 | |||
| IMPAKT | 2,000 | |||
| Joss Searchlight | 1,500 | |||
| Keech Hospice | 5,000 | 50,000 | ||
| Kids in Action | 10,000 | |||
| Kids Out | 2,160 | |||
| Lifelites | 5,000 | |||
| Link to Change | 3,500 | |||
| Listening Books | 3,000 | |||
| NARA —The Breathing Charity |
2,000 | |||
| Newlife the Charity for Disabled Children | 3,000 | |||
| Oakley Pre-school Building | 10,000 | |||
| OPDA | 500 | |||
| PCC ofStMargaret's Church Streatley |
7,056 | |||
| Potton for All | 5,000 | |||
| Renhold Baptist Chapel | 6,000 | |||
| Shri Guru Ravidass Sangat | 4,500 | |||
| StAndrews Parish Church, |
Langford | 7,500 | ||
| StLeonard's Church, Old |
Warden | 10,000 | ||
| StMary Magdalene Parish |
Church, Melchbourne | 8,000 | ||
| StMargaret's Church, Streatley |
3,000 | |||
| StMary the Virgin, Clophill | 2,000 | |||
| Streatley Village Hall Management | 5,000 | |||
| The Lord's Taverners | 1,500 | |||
| The Chellongton Centre |
10,000 | |||
| The Sequel Trust | 2,810 | |||
| The Wildlife Trust | 1,000 | |||
| The Need Project | 4,000 | |||
| Thurleigh Playing Field Association |
2,000 | |||
| Transitions UK | 1,500 | |||
| Welcome to our Future | 2,000 | |||
| 67,366 | 135,660 |
| ANALYSIS OF NET ASSETSBYFUND | |||
|---|---|---|---|
| Income | Expendable | 2022 | |
| Fund | Endowment | Total | |
| Fixed asset investments | 108,575 | 5,761,503 | 5,870,078 |
| Current assets | 237,212 | 237,212 | |
| Current liabilities | (69,247) | (69,247) | |
| Creditors more than one year | (20,000) | (20,000) | |
| 256,540 | 5,761,503 | 6,018,043 | |
| Income | Expendable | 2021 | |
| Fund | Endowment | Total | |
| Fixed asset investments | 269,058 | 5,514,029 | 5,783,087 |
| Current assets | 89,160 | 89,160 | |
| Current liabilities | (94,253) | (94,253) | |
| Creditors more than one year | (30,000) | (30,000) | |
| 233,965 | 5,514,029 | 5,747,994 |
| FUND RECONCILIATIO | N | ||
|---|---|---|---|
| Unrestricted | 2022 | 2021 | |
| Income fund at 6 April | 233,965 | 300,029 | |
| Net income / (expenditure) | for the year | 22,575 | (66,064) |
| Income fund at 5 April | 256,540 | 233,965 |
| Restricted | 2022 | 2021 | ||
|---|---|---|---|---|
| Expendable | endowment | fund at 6April | 5,514,029 | 4,035,660 |
| (Losses) / gains | 247,474 | 1,478,369 | ||
| Expendable | endowment | fund at 5 April | 5,761,503 | 5,514,029 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Financial | assets | ||||
| Measured | at fair value through | net income | / expenditure: | ||
| Fixed asset listed investments | (note 6) | 5,870,078 | 5,783,087 |