| Contents | |||
|---|---|---|---|
| Page | |||
| Legal and administrative | information | ||
| Report ofthe Trustees | |||
| Report ofthe Independent | Examiner | ||
| Statement of Financial | Activities | ||
| Balance Sheet | |||
| Notes forming part ofthe |
financial statements |
| 2020 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted Income |
Funds | ||||||
| Income | |||||||
| 28,312 | Dividends | 24,266 | |||||
| 1,103 | Donations & repayments |
-ex students | 1 331 | ||||
| 17 | Interest | 2 | |||||
| 0 | Awards | - repayable | |||||
| 29432 7 |
25,599 | ||||||
| Expenditure | |||||||
| 23,800 | Awards | 24,300 | |||||
| 273 | Other expenses | 68 | |||||
| 525 | Accountancy | 525 | |||||
| 24 598 | 24,893 | ||||||
| 4,834 | Surplus/(Deficit) | for | the | year | 706 | ||
| 5,109 | Balance | brought | forward | 9,943 | |||
| 9,943 | Balance | carried | forward | 10,649 | |||
| Capital | Funds | ||||||
| 646,390 | Balance | brought | forward | 536,917 | |||
| (109,473) | add: | Investment | appreciation/(depreciation) | 83,079 | |||
| 536,917 | Balance | carried | forward | 619,996 |
| 2020 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Note | |||||||
| 520,461 | Investments (at selling value) |
603,540 | |||||
| 4,000 | COIF Charities Deposit Fund | 4,000 | |||||
| 4,500 | Debtors: Awards | repayable | 4,500 | ||||
| (4,500) | Provision against | awards | repayable | (4,500) | |||
| Awards paid in advance |
|||||||
| Interest receivable | |||||||
| 22,923 | Bank account | 23,629 | |||||
| 547,385 | 631,170 | ||||||
| (525) | Less: Accrued expenditure | (525) | |||||
| 546,860 | 630,645 | ||||||
| 536,917 | Capital funds | 619,996 | |||||
| 9,943 | Unrestricted income funds |
10,649 | |||||
| 546,860 | 630,645 |
| 2. Taxation | ||||||
|---|---|---|---|---|---|---|
| The charitable | trust is exempt from corporation | tax on | its charitable | activities. | ||
| 3. Investments | ||||||
| As at 1 October 2020 | - | (at selling values) | ||||
| 130,000 COIF Charities | Fixed Interest Fund - Income Shares | 183,417 | ||||
| 28,000 M&G Charifund | -Income Units | 337,044 | ||||
| 520,461 | ||||||
| Increase in the value ofthe investments |
||||||
| COIF Charities | Fixed Interest Fund - Income Shares | |||||
| Depreciation | (10,374) | |||||
| M&G Charifund | -Income Units | |||||
| Appreciation | 93,453 | |||||
| 83,079 | ||||||
| As at 30September 2021 - (at selling values) |
||||||
| 130,000 COIF Charities | Fixed Interest Fund - Income Shares | 173,043 | ||||
| 28,000 M&G Charifund | -Income Units | 430,497 | ||||
| 603,540 | ||||||
| 4. Accrued expenditure | ||||||
| 2021 | 2020 | |||||
| E | ||||||
| Accountancy | fee | (525) | (525) |