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2020-10-31-accounts

Repon oi'the Trustees l to 5
Indcpcndent Examiner's Rcpon
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements 9to l5
Detailed Statement of Financial Activities 16

31.1020 31.10.19
Unrestrimed Endotvment Total Total
funds fund I'unds lands
Notes 8 6 f f
INCONI INC RESOURCES
income
income from investments 85.241 $5 741 97,188
RESOURCES EXPENDED
Espendlturc
Investment
management
co		 ts 3 799 21,61822,417 22,358
Chnritoblc
activities
Grants payable 35,292 35,292 37.780
Suppon costs 25,285 25s85 20,583
Governance
costs		 13,500 13.500 10,475
Tntal resources cspendcd 74,$76 21,618 96,494 91,196
NET INcontituG/(OUTGOING)
RESOURCES 10,365 (21,618) (11,253) 5,992
Other rccngnised
guins/losses
fiains/losses
on investment		 amets 201,262 201.262 241,586
Nct movement
in funds		 10365 179,64 I 190.009 247,578
RECONCILIATION
OF		 FUNDS
Total funds brought
forward		 6$,141 3.508,369 3,576,510 3,328.932
TOTAL FUNDS CARRIED FOR3VARD 78,506 3,688,013 3.766,519 3,576,510

h
~st ~lgigtwLscisn
31.1020 31.10.19
Nwcs 8
lnt estments
Investments 9 3,497,534 3,32922$
Invcstmcnt
property		 10 150.000 150,000
3.647.534 3,479 '728
CURRENT ASSETS
Debtors 1,892 1,621
Cash at banh 129,811 103,599
131,703 105,220
CREDITORS
Amounts
falling due within onc year		 13 (I",718) (7,938)
NCT CURRENT ASSETS 118,9$5 97,282
TOTAL ASSETSLESSCURRENT
LIABILITIES 3,766,519 3,576,510
NET ASSETS 3,766,519 3.576,510
FUNDS
Unrcstrictcd
funds		 7$,506 68,141
Endowment
funds		 3,688,013 3,50$,369
TOTAL FUNDS 3,766,519 3,576,510

31.10.20 31.10.19
E E
Residential property rent 4368 4,368
Dividends received 80,826 92.745
Interest 47 75
85s41 97,188
INVESTMENT h1ANAGEh1ENT COSTS
31.10.20 31.10.19
E E
Ponlblia management 21,618 21,478
Propcny Insurance 148 140
Collemion agents fees 585 577
Pmperty repairs 66 163
s,417 22,358

31.1020 31.10.19
E E
Wages and salaries i,856 3,225
The average monthly number ofemployees during d» year was as Iollouen
31.10.20 31.10.19
Assessor I I

FIXEDASSET INVESThsENTS
Listed
Investments
MAISKET VALUE
At
I November 2019		 3,329,220
Additions 563r177
Dtsposals (596,133)
Revaluations 201362
At 31 October 2020 3,497,534
NET BOOK VALUE
At 31 October 2020 3,497,534
At 31 Octabcr 2019 3,329 v28

DEBTO RS:A MOUNT S FALL ING DUE SY ITHIN ONE YE AR
31.10no 31.10.19
E E
Combined liab prepaid 'r33 233
Directors and OAiccrs insurance prepaid 1,550 1,295
Property Ins prepaid 109 93
I,S92 1,621
CASH AT BANK
31.10.20 31.10.19
Permanent
Endo'tvlilcnt
Gcneml fund Toml funds Total funds
E E E E
HSBC Current Account 75,287 75787 61,917
Bren)a Dolphin Dividend Account 3,760 3,760 2 '16'r
Bretvm Dolphin Capital Account 45,879 45,879 34,541
HSBC Monv0 hsanagcr Accnunt 4 885 4,885 4,879
To:nl 83,932 45,879 129,811 103,599
31.10.20 31.10.19
E E
Grants authorised but unpaid 6,418 2,125
Independent esaminer fees 1,380 1.380
Tallents administration fec 4,920 4,433
12,718 7,938
ANALYSIS OF NET ASSETS BETWEEN FUNDS
31.(0 70 31.10.19
Unrestrimed Endotvment Total Total
lands I'und funds tunds
E E E E
investments 5,400 3.642 134 3,647.534 3,479,228
Current assets 85,824 45,879 131,703 105v20
Current liobilitles ( I'2,718) (12,718) (7,938)
7S.506 3,688,013 3.766,519 3,576,510

Net movement Net movement
At 1.11.19 in I'unde At 31.10?0
8 8 8
Unrcstrictcd funds
Genernl 68.141 10,365 78,506
Endo»ment
funds
Permanent
Endotvment		 lund 3,50$,369 179.644 3,68$,013
TOTAL FUNDS 3,576,510 190,009 3.766,519
Net movement in lands, included in the abave are as follotts.
Incoming Resources Gains and Movement
in
resources cspendcd
E		 losses
8		 lands
f
Unrest rictcvl funds
General 85;241 (74,876) 10,365
Endowment funds
Permanent
Endowment		 fund (21,618) 201.262 179,644
TOTAL FUNDS 85.241 (96,494) '201,26'2 190,009
Cnmpnrativcs for movcmcnt in funds
Nct movement
At 1.11.1$ in funds At31.10.19
f. l 8
Unrcstrictcd Funds
General 40,670 27,4I71 68.141
Endowment
funds
Permanent
Endowment		 fund 3,288,262»0, 107 3,508,369
TOTAL FUNDS 3,328,932 247,57$ 3,576,510
Comparattve nct movement m I'unds, included in the above areas folio»a'
incoming Resources Gains and Movement
in
resources ctpendcd losses funds
8 8 8 6
Unrestricted funds
General 97.188 (69,7171 27,471
Endowmcni funds
Permanent
Endowment		 fund (21,479) 241.5$6 220,107
TOTAL FUNDS 97,188 (91,196) 241.586 247,578

Nct movement
At I.II.IS in I'unds At 31.1020
8 6
Uarestrictcd funds
General 40.670 37,836 78,506
Endatvlllcnt
Permanent Fndawment fund 3,2S8.262 399751 368S 013
TOTAL FUNDS 3,328,932 437,587 3,766,519
Incoming Resources Gains and Movement
in
resource expended losses funds
6 r 8
Unrcs(rictcd funds
General 18'2,429 (144.593) 37,836
Endawment funds
Pcrntancnt Endowment fund (43,097) 442,84S 399,751
TOTAL FUNDS 182.429 (187.690) 44'2,848 437.587
31.10.20 31.10.19
5 6
ISCOAIINC RESOURCES
Income from investments
Residential
propcny		 rent 4,368 4,368
Dividends
received		 80,826 92,745
Iatcresl 47 75
85"41 97,188
'Totul incoming
resources		 85v41 97,188
RESOURCES EXPENDED
Iavestmcnt
manngcment		 costs
Portfolio management 21,618 21,478
Property
Insurance		 148 140
Collection agents fees 585 577
Plopett)' re palo. 66 163
2v 417 22.358
Choritublc
activities
Wages 1,856 3 vv5
Insurance 1,996 2,057
Telephone 14 34
Sundnes 158 199
Sohcitors
I'ecs Administration		 1$,1$1 13,192
Stationery
and solitvarc		 2s80 1,876
htarketing 800
Grants to institutions 6,500
Grants io indivtduals 2$,792 37.7$0
60,577 58,363
Governance
costs
Independeni
examiner		 fec 1,3$0 1,680
Solicitors fees - Accounts and complmncc 12,120 8,795
13400 10,475
Total rcsourccs expended 91,196
Net (expenditure)iincomc before gnlns and
lusscs (11,253)
Realised recognised gains and losses
Realised and unrealised gains/(losses) on fixed asset investments 201 v62 241,586
Nct income 190.009 247478