2021-12-31-accounts

			Michael Robertson Scholarship	Michael Robertson Scholarship	Michael Robertson Scholarship	Michael Robertson Scholarship	Michael Robertson Scholarship	Fund	Fund
			Reference	and Administrative			Details
Charity name			Michael Robertson Scholarship				Fund
Charity registration		number	1014388
Principal office			The Rivelin
			Lindale
			GRANGE OVER SANDS
			LA11 6LJ
Registered	office		The Rivelin
			Lindale
			GRANGE OVER SANDS
			LA11 6LJ
Trustees			Dr R Baxter		(Resigned	21 February		2022)
			C Monday		(Resigned	13November			2021)
			A Fleck		(Resigned	19July 2021)
			J Light
			S Ellis
			N Martin		(Appointed	16December			2021)
Bankem			Barclsys Bank		Pic
			9 Highgate
			KENDAL
			LA9 4DA
Accountant			Dodd &Co	Limited
			FIFTEEN Rosehill
			Montgomery	Way
			Rosehill Estate
			CARLISLE
			CA1 2RW
Investment	Advisor		JM Finn
			4Coleman Street
			LONDON
			EC2R 5TA

					Unrestricted	Endowment	Total Funds	Total Funds
					Funds	Funds	2021	2020
				Note
Income
Investments					238,477		238,477	210,789
Total income					238,477		238,477	210,789
Expenditure
Charitable activities					27,916	23,334	51,250	295,559
Total expenditure					27,916	23,334	51,250	295,559
Gains/(losses)	on investment		assets			686,239	686,239	(184,943)
Net income/(expenditure)					210,561	662,905	873,466	(269,713)
Reconciliation	of	funds
Total funds brought		forward			110,885	6,181,580	6,292,465	6,562,178
Total funds carried		forward			321,446	6,844,485	7,165,931	6,292,465

					2021		2020
				Note	8
Fixed assets
Investments						6,828,620		6,158,296
Current assets
Cash at bank		and in	hand		340,587		137,296
Creditors: Amounts			falling due within one
year				8	(3,276)		(3,127)
Net curmnt	assets					337,311		134,169
Net assets						7,155,931		6,292,465
The funds ofthe charity:
Endowment		funds				6,844,485		6,181,580
Unrestricted		funds
Unrestricted	income		funds			321,446		110,885
Total charity		funds				7,165,931		6,292, 65

		Unrestricted	Endowment	Total Funds	Total Funds
		Funds f	Funds 0	2021 5	2020 9
Dividend	income	212,478		212,478	188,777
Gross bond interest		25,991		25,991	21,834
Gross bank interest		8		8	178
		238,477		238,477	210,789

Totalresource	s expended
		Furtherance	Total	'Total
			2021	2020
Direct costs
Scholarships		23,701	23,701	269,000
Administration	ofinvestments	23,334	23,334	22,669
		47,035	47,035	291,669
Supportcosts Insurance		533	533	470
Trustees' expenses		413	413	213
Accountancy	fees	3,269	3,269	3,207
		4,215	4,215	3,890
		51,250	51,250	295,559

			Listed
			investments
			E
Market value
As at 1 January 2021			6,158,296
Revaluation			686,239
Additions			364,313
Disposals			(380,228)
As at 31 December 2021			6,828,620
Net book value
As at 31 December 2021			6,828,626
As at 31 December 2020			6,158,296
Investment assets can be further analysed as follows:
		UK	Overseas
		E	6
Listed investments		4,287,024	2,541,596
		4,287,024	2,541,596
Creditors: Amounts	falling due within one year
		2021	2020
		E	E
Accruals and deferred	income	3,276	3,127

					Other
					recognised	At 31
		At 1 January	Incoming	Resources	gains I	December
		2021	resources	expended	losses	2021
General Funds
Unrestricted	income fund	110,885	238,477	(27,916)		321,446
Permanent	Endowment
Permanentendowment		6,181,580		(23,334)	686,239	6,844,485
		6,292,465	238,477	(51,250)	686,239	7,165,931

		At 1 January 2020	Incoming resources	Resources exPended	Other recognised aine losses	At 31 December 2020
Generalpunds
Unrestricted	income fund	172,988	210,789	(272,892)		110,885
Permanent	Endowment
Permanent	Endowment	6389190		(22,667)	(184,943)	6,181,580
		6,562,178	210,789	(295,559)	(184,943)	6,292,465

		Unmstricted	Endowment	Total Funds	Total Funds
		Funds	Funds	2021	2020
					8
Investments			6,828,620	6,828,620	6,158,296
Current assets		324,722	15,865	340,587	137,296
Creditors: Amounts	falling due within
one year		(3,276)		(3,276)	(3,127)
Net assets		321,446	6,844,485	7,165,931	6,292,465
rior period
		Unrestricted	Endowment	TotalFunds	TotalFunds
		Funds	Funds	2020	2019
			8		6
Investments			6,158,296	6,158,296	6,366,298
Current assets		114,012	23,284	137,296	198,778
Creditors: Amounts one year	falling due within	(3,127)		(3,127)	(2,898)
Net assets		110,885	6,181,580	6,292,465	6,562,178

RR				8-		Rm	=.I	88		8888		I	88		RRjR
888) 848	/BE				5(JR	NR	88
			I	I
			8
						I	I
						I
						I	I
									I	I
							8 I	g R	I I		I		I	I
				I	!
			R	I I	I		I	8	8	I 8	8			8
			I
	I	I	4 I j8	2 80	E I EO	E 8I 80	Em BO	88 80	o8 80	E I 80 o0					oI l50

ip	ip
EI
	R
						"I I I"I		RR!IR O			5-Ke SiRi
	R
-8 ZE
E8					Pgg	Egg(	ERER	J~ jji!	iii /RE	R i ie	SS SS$[ Rl i 4
	i
iz
					R
"Ri
El R
gR
3t
	R			K
f0				R
R
«i EE	i
i-	i
E"
O
			Z		!, )z	i				fg RS	E O Eg
		O	O		~g x8					s3	3 EO

																	8
			8888		Si	ii	i		RR
	0											888	mm
													88
	i 18																			8	8
										0 8	8
'i 0	8
												88
80"Ei »8 '2i 38									8	8
EI5														8
																				8
		8	02 8 jE8 io		IO	8 ii0		0				i0 88 .8	2 08 Zi	00 I SE ZS	8 28 Zi	8 al0 8		0	8	8 E

									g.K
									I"g
~jn jcI"				I		I Sf
:-jm
	C
E
[-=
a
	I
Fws
		8				8
								EE
			E
			R E		8
					8	tn
					6	EO	5

8-I8
	gg Eo	g( 88			RS)8	SS BQ Rg		58 58			eP4	P;4
o
88
q8
o
			8	8
88 '8I									R R	I I
							8
							I	I