| Page | ||
|---|---|---|
| Trustees' report |
1-2 | |
| Statement oftrustees' | responsibilities | |
| Independent auditor's |
report | 4-7 |
| Statement offinancial | activities | 9-9 |
| Sslance sheet | 10 | |
| Notes to the financial | statements | 11-17 |
| Current financial | Current financial | year | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Total | Total | ||||
| funds | funds | ||||||
| 2021 | 2021 | 2021 | 2020 | ||||
| Notes | 6 | 8 | 8 | 6 | |||
| Investmenis | 363,673 | 363,673 | 421,871 | ||||
| Raising funds | 108,484 | 108,484 | 84,668 | ||||
| Charitable activities |
5 | 128.900 | 128,900 | 164,169 | |||
| Other | 10 | 15,108 | 15,108 | 8,624 | |||
| Total resources | expended | 144,008 | 108,484 | 252,492 | 257,461 | ||
| Nel gains/{losses) | on investments | 3,760,396 | 3,760,396 | {2,576,029) | |||
| Net movement | in | funds | 219,665 | 3,651,912 | 3,871,577 | {2,411,619) | |
| Fund balances | at 6April 2020 | 2,604,363 | 13,088,928 | 15,693,291 | 18,104,910 | ||
| Fund balances | at | 5April 2021 | 2,824,028 | 16,740,840 | 19,564,868 | 15,693,291 |
| Unrestricted | Endowment | Total | ||||
|---|---|---|---|---|---|---|
| funds | funds | |||||
| 2020 | 2020 | 2020 | ||||
| Notes | 8 | 6 | 6 | |||
| Investments | 3 | 421,871 | 421,871 | |||
| Raising funds | 84,668 | 84,668 | ||||
| Charitable activities |
164,169 | 164,169 | ||||
| Other | 10 | 8,624 | 8,624 | |||
| Total resources | expended | 172,793 | 84,668 | 257,461 | ||
| Net gains/(losses) | on investments | (2,576,029) | (2,576,029) | |||
| Net movement | in funds | 249,078 | (2,660,697) | (2,411,619) | ||
| Fund balances | at | 6April 2019 | 2,355,285 | 15,749,625 | 18,104,910 | |
| Fund balances | st5April 2020 | 2,604,363 | 13,088,928 | 15,693,29'I |
| Unrestricted | Unrestricled | |||||
|---|---|---|---|---|---|---|
| funds | funds | |||||
| 2021 | 2020 | |||||
| f | ||||||
| Dividends | from UK equities | & | unit trusts | 200,704 | 213,234 | |
| Dividends | from listed overseas | equities | 102,991 | 114,216 | ||
| Bank and | other intererst | 18,883 | 32,519 | |||
| Grass UT | Interest | 41,095 | 61,902 | |||
| 363,673 | 421,871 | |||||
| Raising funds | ||||||
| Endowment | Endowment | |||||
| funds | funds | |||||
| general | general | |||||
| 2021f | 2020 f |
|||||
| Investmenl | management | costs | 108,484 | 84,668 | ||
| 108,484 | 84,668 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| f | f | ||||
| Grant | funding | ofactivities (see note 6) | 123,460 | 158,700 | |
| Share | ofsupport costs (see note 7) | 40 | 69 | ||
| Share | ofgovernance | costs (see note 7) | 5,400 | 5,400 | |
| 128,900 | 164,169 |
| Support | costs | ||||||
|---|---|---|---|---|---|---|---|
| Support | Governance | 2021 | Support | Governance | 2020 | ||
| costs | costsf | f | costs | costs f |
f | ||
| Bank charges | 40 | 40 | 69 | 69 | |||
| Audit fees | 5,400 | 5,400 | 5,400 | 5,400 | |||
| 40 | 5,400 | 5,440 | 69 | 5,400 | 5,469 | ||
| Analysed | between | ||||||
| Charitable | activities | 40 | 5,400 | 5,440 | 69 | 5,400 | 5,469 |
| The average | The average | monthly | monthly | number ofemployees | dudng | the year was: | |||
|---|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||||
| Number | Number | ||||||||
| Total | |||||||||
| 10 | Other | ||||||||
| Unrestricted | Unrestricted | ||||||||
| funds | funds | ||||||||
| 2021 | 2020 | ||||||||
| 5 | |||||||||
| Foreign exchange | costs | 'I5,108 | 8,624 | ||||||
| 11 | Net gains/(losses) | on Investmenfs | |||||||
| Endowment | Endowment | ||||||||
| funds | funds | ||||||||
| general | general | ||||||||
| 2021 | 2020 | ||||||||
| 5 | 5 | ||||||||
| Revaluation | ofinvestments | 4,205,324 | (2,840,656) | ||||||
| Gain/(/oss) | on sale | of | investments | (444,928) | 264,627 | ||||
| 3,760,396 | (2,576,029) |
| Fixed ass | et investments | |||
|---|---|---|---|---|
| Listed | ||||
| invesbnents | ||||
| 6 | ||||
| Cost or valuation | ||||
| At 6April | 2020 | 13,234,655 | ||
| Additions | 2,961,286 | |||
| Valuation | changes | 3,760,396 | ||
| Disposels | (1,719,497) | |||
| At 5 April | 2021 | 18,236,540 | ||
| Carrying | amount | |||
| At 05April | 2021 | 18,236,840 | ||
| Ai05April | 2020 | 13,234,655 | ||
| 2021 | 2020 | |||
| 6 | 5 | |||
| Investments at fair value |
comprise: | |||
| Listed UK | Equities 5 unii | trusts | 6,109,698 | 4,720,135 |
| Listed overseas equities |
7,035,125 | 4,289,231 | ||
| Listed UK | fixed interest stocks | 3,964,215 | 3,098,553 | |
| Multi asset hedge/properly | funds | 568.333 | 603,222 | |
| Overseas | fixed interest stocks | 559,468 | 523,514 | |
| 18,236,840 | 13,234,655 |
| Debtors | |||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Amounts | falling | due within one year: | 9 | 9 | |
| Prepayments | and | accrued income | 1,271 |
| 14 | Loans snd overdrafts | Loans snd overdrafts | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 2D2D | |||||||||
| 2 | 6 | |||||||||
| Bank overdraRs | 26,493 | |||||||||
| Payable within one year |
26,493 | |||||||||
| 15 | Creditors: amounts | faDing due | within | one year | ||||||
| Notes | 2021 6 |
2020f | ||||||||
| Bank overdraits | 14 | 26,493 | ||||||||
| Accruals and deferred | income | 10,800 | 5,399 | |||||||
| 10,800 | 31,892 | |||||||||
| 16 | Analysis ofnet assets |
between | funds | |||||||
| Unrestrtcted | Expendable | Total | Unrestricted | Expendable | Total | |||||
| funds | endowment | funds | endowment | |||||||
| funds | funds | |||||||||
| 2021 | 2021 | 2020 | 2020 | |||||||
| 6 | 8 | 5 | 2 | |||||||
| Fund balances at5 | ||||||||||
| April 2021 are | ||||||||||
| represented by; |
||||||||||
| Investments | 1,496,000 | 16,740,840 | 18,236,840 | 145,727 | 13,088,928 | 13,234,655 | ||||
| Current assetsl | ||||||||||
| (liabilities) | 1,328,028 | 1,328,028 | 2,456,636 | 2,458,636 | ||||||
| 2,824,028 | 16,740,840 | 19,564,868 | 2,604,363 | 13,088,928 | 15,693,291 |