|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|





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## 



||||||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<br>Investment<br>management<br>co|ts|3|799|21,61822,417||22,358|
|Chnritoblc<br>activities|||||||
|Grants payable|||35,292||35,292|37.780|
|Suppon costs|||25,285||25s85|20,583|
|Governance<br>costs|||13,500||13.500|10,475|
|Tntal resources cspendcd|||74,$76|21,618|96,494|91,196|
|NET INcontituG/(OUTGOING)|||||||
|RESOURCES|||10,365|(21,618)|(11,253)|5,992|
|Other rccngnised<br>guins/losses|||||||
|fiains/losses<br>on investment|amets|||201,262|201.262|241,586|
|Nct movement<br>in funds|||10365|179,64 I|190.009|247,578|
|RECONCILIATION<br>OF|FUNDS||||||
|Total funds brought<br>forward|||6$,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<br>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<br>falling due within onc year|13|(I",718)|(7,938)|
|NCT CURRENT ASSETS||118,9$5|97,282|
|TOTAL ASSETSLESSCURRENT||||
|LIABILITIES||3,766,519|3,576,510|
|NET ASSETS||3,766,519|3.576,510|
|FUNDS||||
|Unrcstrictcd<br>funds||7$,506|68,141|
|Endowment<br>funds||3,688,013|3,50$,369|
|TOTAL FUNDS||3,766,519|3,576,510|





## 



## 

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## 

## 

## 

## 



## 

||||||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|



## 

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## 

## 



## 

|FIXEDASSET INVESThsENTS||
|---|---|
||Listed|
||Investments|
|MAISKET VALUE||
|At<br>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<br>funds|||||||||||
|Permanent<br>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<br>in|
||||||||resources|cspendcd<br>E|losses<br>8|lands<br>f|
|Unrest rictcvl|funds||||||||||
|General|||||||85;241|(74,876)||10,365|
|Endowment|funds||||||||||
|Permanent<br>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$|in funds|At31.10.19|
|||||||||f.|l|8|
|Unrcstrictcd|Funds||||||||||
|General||||||||40,670|27,4I71|68.141|
|Endowment<br>funds<br>Permanent<br>Endowment||fund||||||3,288,262»0, 107||3,508,369|
|TOTAL FUNDS||||||||3,328,932|247,57$|3,576,510|
|Comparattve|nct movement||m|I'unds,||included|in the above areas|folio»a'|||
||||||||incoming|Resources|Gains and|Movement<br>in|
||||||||resources|ctpendcd|losses|funds|
||||||||8|8|8|6|
|Unrestricted|funds||||||||||
|General|||||||97.188|(69,7171||27,471|
|Endowmcni|funds||||||||||
|Permanent<br>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<br>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<br>propcny|rent||||||4,368|4,368|
|Dividends<br>received|||||||80,826|92,745|
|Iatcresl|||||||47|75|
||||||||85"41|97,188|
|'Totul incoming<br>resources|||||||85v41|97,188|
|RESOURCES EXPENDED|||||||||
|Iavestmcnt<br>manngcment|||costs||||||
|Portfolio management|||||||21,618|21,478|
|Property<br>Insurance|||||||148|140|
|Collection agents fees|||||||585|577|
|Plopett)' re palo.|||||||66|163|
||||||||2v 417|22.358|
|Choritublc<br>activities|||||||||
|Wages|||||||1,856|3 vv5|
|Insurance|||||||1,996|2,057|
|Telephone|||||||14|34|
|Sundnes|||||||158|199|
|Sohcitors<br>I'ecs Administration|||||||1$,1$1|13,192|
|Stationery<br>and solitvarc|||||||2s80|1,876|
|htarketing|||||||800||
|Grants to institutions|||||||6,500||
|Grants io indivtduals|||||||2$,792|37.7$0|
||||||||60,577|58,363|
|Governance<br>costs|||||||||
|Independeni<br>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|