Charity No. 1017345
The John Thacker
Charitable Trust
Trustees, Report and Accounts
For the Year Ended
31 March 2021
frmha
400RE & SMALLEY

THE JOHN THACKER CHARITABLE TRUST
CONTENTS
Page
Charty dètails
Report of the trustees
Independènt auditor's report to the irustees
statemènt of financial aclimties
BaSarce shèet
Notes lo the accounts
10

THE JOHN THACKER CHARITABLE TRUST
CHARITY DETAILS
Tru$tee3 & key manag•ment personn•l
Mr J G Chesworth Ichairmanl
MrA E Harrison
Mr J A Bonser
Or F M Duncan
Mr J Holdèn
Mr M J Lough
Ir T R Flier
Mr P A Franks
Mrs L Norris
MrsMLCox
Dr D T Shakespèare (appointed 31 July 20201
Ms A K Van Duyvenvoorde lappoinled 10 December
20101
Mr A M Ryder lapwinled 10 December 20201
Secretary
Registered Offle&
Mrs L A Kelly
St Catherine's Hospice (Lancashi￿) Limited
Loslock Lane
L05toGk Hall
Preston
PR5 5XU
Chartty Number
1017345
Registered Audltor
MHA Moore and Srllalley
Chartered Accountants
Richard House
nd(ley Squa
Preston
PR13HP
InvgBtment managers
Cazenove Capital Management
12 Moorgate
Lon(lon
EC2R SDA
LGT Veslra LLP
14 Cotnhill
London
EC3V 3NR
Page 1

THE JOHN THACKER CHARITABLE TRUST
REPORT OF THE TRUSTEES
The trustees have pleasure in presenting their report and accounts lor the year ended 31 Mar¢h 2021.
The financial statements have been prepared in a¢cordance with the a(￿ountIng policies set out in notes lo the
accounts and comply with the charity's trust deed, the Chaiiliès Act 2011, and Accounting and Reporting by
Charities. Statement of Recomrrended Practice applicable to charities preparing their accounts in aceordancè
with the Financial Reporting Standard applicablè in the UK and RepubliG of Ireland IFRS 1021 published in
October 2019.
Structure, gov&mance and managernènt
The Tiust was created utilising a bequest left lo St Catheiille'5 Hospice ILancashirel Limited by John Thacker
who died on 18 August 1991. The Trust 15 registered as a Charity with the Charity Commissioners.
Goveinance arrangements are described in a Govemance Manual. The Governan￿ Manual includes sections
on the appointment ol Iru51ees. 11 describes the recruitrHent process, which for recent appointments has
involved a recruitmènt agency with specialist knowledge of the sectoi. Appointments rnay be made by the
board but they have lo be supported by the Association at the AGM. Induction of trustees indudes participation
in the hospice's induction progiatnme for staff and volunteers as well as specific components lor their ro￿.
There is a developrnent progiamme for trustees that include ￿gUlar rewew. training l updating requirements,
meeting with CEO I Chair of Ihe Board. attendance at staff and volunteer seminars. The trustees do ntsl receive
ary remuneration 01 reimbursement of expense5.
The tiuslees consider the board of trustees as comprising the key management pe150nnel of thè charity in
charge of directing and controlling the charity and running and operating the charity on a day to day basis. All
tnjstees give ol their time freely and no Iruslee remuneration was paid in thè year.
Furthei detail on struclure. governance and management ariangèments can be found within the trustees, report
of the charity, St Catherine's Hospice ILancashirel Limited.
Obj•ctives and activities for thè public benefit
The trustees are required to hold the capital and income of the Tru51 Fund for the benefit of Sl Catherine'5
Hospice (Lancashirel Limited, which is a registered charity, number 512186. The trustees confirm that they
have referred to the guidance oolltained in the Charity Commission's general guidance on public benefit when
reviewing the Trust's aim and objectives and in plannillg future activities. Further detail on how the Trust
achieves these objectives can be found within the trustees, report of the charity, St Catherine'5 HoSp￿e
(Lancashirel Limited
Achievements and pèrforniance
The Trust has a surplus of inGome for the year of £11.112 12020". £18,540) after deducting non-charitablè
expenditure of £14.82812020'. £13,918).
The net gains or losse5 on disposals of investments sold dLJring the year and on rÈvaluation of investments at
the year-end amounted to net gains of £118.45512020.' net losses of £47,415). As a re5uII. lolal funds carrièd
forward are £2,310.02712020.' £2.180,4601
Financial revièw and reserves policy
Income is being accumulated by the trustees lo pay for futurè capital projects at the Hospice.
Investment policy
The Charitable Trust seeks lo preserve the valuè of its capital. keeping ri$k1evels low, whilst seeking lo ensurè
a rate of return that exceeds that available by keeping the funds in an instant access bank account. To this end.
trustees have opted to split the reserves up, investing a portion in instant access. noticè and fixed term bank
accounts and investing some with experiencèd investment managers
Page 2

THE JOHN THACKER CHARITABLE TRUST
REPORT OF THE TRUSTEES Icontinuedl
Investment policy Icontlnu•dl
In 2015 adviseis Cowgill Holloway Wealth Managernenl were engagèd lo assi%t the trustees in selecting
appropriate and experienced invèslrnenl rnanager5. Following a selection process that involved interviews with
a number of prospective Investrrent managers, £1 million of reserves was split between two companies.
Cowgill Holloway Wealth Management support the ItU51ees by regularly reviewing the performan¢e of these
investments and reporting back.
In 2019 one of the investtnents was under-performing and following advice from Ctswgill Holloway, the funds
wore moved lo a different firm ol investment manager5. Perfomiance has since improved.
Risk managément
The principal risks fa￿d by thè Trust lie in the perfOrnian￿ of inveslrllents. This is mitlgaled by ielaining expert
investrnent managers and having a dwersified investment portfolio.
ans for future periods
A new five year strategic plan is being dèvéloped lor St Catherine's Hospice and will include consideration of
the organisation's facilities and are8s of growing demand for servrces. A strategic rèview of the hospice's
InforTration Systems is planned In the next 12 months. It is also working with partners In the bcal heatth
economy to enhance the community seNce and improve responsiveness and Integration wth other prowders.
As stated above in the Financial Review section of this report. the trust is accumulating income lo fund the
future plans outlined in the five year strategic plan.
Trnstees. responsibilities
The trustees are respon51ble for preparing the Trusteès. Report and the financial ststements in accordan￿ with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Aceepted Accounting
Practicel.
The law applicable to chaiilies hl England & Wales rÈquiies the trustees to prepare financial siatements for
each financial year which give a true and fair view of the stale of affairs of the charity and of the Incoming
resources and application of resour¢e5 of the charity for that pèriod. In preparing these financial statements, the
trustees are required to..
select suitable accounting policies and then apply them ¢on515tently',
observe the rnelhods and principles in thè Charities SORP 2019 IFRS 1021."
made judgements and estitnales that are reasonable and prudent..
state whether applicable acwunling standards have been followed, subject to any rnalerial departures
disclosed and explained in the financial statements". and
prepare the financial statements on the going concern basis unless rt Is inappropriate to prèsume thal
the charity will continue in operation.
Th8 trustees are responsible for keeping accounting records that disclosè reasonable accuracy at any lime
the financial position of the charity and enable them to ensure that the financial statements Cotnply with the
Charities Act 2011, the Chanly (Accounts and Reports) Règulations 2008 and the provisions of the trust deed.
They are also responsible lor safeguarding the assets ol the charity and hence for taking reasonable steps for
the prevention and dètection of fraud and other irregularities.
Page 3

THE JOHN THACKER CHARITA8LE TRUST
REPORT OF THE TRUSTEES Icontinu•dl
Auditor
A resolution proposing that MHA Moore and Smalley be re-appointed as auditor of the charity will be put to the
Annual General Meeting.
Signed on behalf of the Charity
Mr J G Chesworth - Chairman
11 October 2021
Page 4

THE JOHN THACKER CHARITABLE TRUST
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES
Opinion
We have audited the financial statements of The Jottn Thacker Charitable Trust Ithe '¢harity J for the year endèd
31 March 2021 which cornprise Ihe Statement of Financial Aclivilies, the Balance Sheet and notes lo the
financial 51alements. induding a summary of $ignificanl accounting policies. The financial reporting framework
that has been applied in their preparation is applicable law and United Kingdom A¢¢ounling Standards,
including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and
RepublNc of Ireland (United Kingdom Generally Attepted A¢counling Practicel.
In our opinion thè financial slalemenls..
gwe a true and fair view of thè slate of the charity's affairs as at 31 March 2021 and of ils incoming
resources and application of reSoUr￿s, for the year then ended.,
have been properly prepared in accordance with United Kingdom Generalty AC￿pIe￿ A¢￿UntIng
Practtce,. and
have been prepared in accordancè with the requirements of the Charilies Act 2011.
Basis for oplnion
We conducted our audit in accordance with Intèmaknonal Standards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those standards are further described in the Audrtorfs responsibilitie5 for the audit
of the financial statements section of our report. We are independent of thè charity In accordance with the
ethical requirements that are relev8nt to our audit of the finanaal statèmènts In the UK, including the FRC'5
Elhic81 Standard, and we have fulfilled our tsther ethical responsibilities in accordance wrth these
requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a
basis fc￿ our opinion.
Conclusions relating to going concem
In auditing the financial stslemen15. we have concluded that the trustees. use of the going concem basis of
a¢¢ounting In the preparation of the financial statements is approp￿ate.
Based on the work we have performed, we have not identified any material uncertainties relating lo events or
conditions that. individually Of collectively, rnay cast significant doubt on the charity's ability lo continue as a
going concern for a period of at least twelve months from when the financial stalefflents are authorised for
issue.
Our responsibilslies and the responsibilities of the trustees ￿th rèspect lo going concern are described in the
relevant sections of this report.
Pagè 5

THE JOHN THACKER CHARITABLE TRUST
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES Icontinuedl
0th8r inforniation
The other information comprises the inform3lion in¢lLJded in the trustees, annual report, other than the financi41
statements and our auditor's report Ihereon. The trustees are responsible for the olhei inft)trnalion ￿ntaIned
within the annual report. Our opinion on the financial statements does not cover the othei infotrnalion and,
except lo the exlenl otherwise expI￿ltIY slated in our report, we do not express any lorrn of assurance
condusion Ihereon.
Our responsibility is to read the other information and, in doing so. consider whether the other inforrvation is
materially inconsistent wrth the financial slaletnenls or our knowledge obtained in the course of the audit or
otherwise appears to be materially misstated. If we Identify such matèrial inconsistènaes or apparent material
misstatements, we are required to delerrnine whether this gives risè to a material misstatèment In the
financial statements themselves. If, based on the work we have performed. we conclude that there is 8 rllaterial
misstatement of this othèr information, wè are required to report that fact.
We have nothing to report in this regard.
Matters on whi¢h we a￿ requtred to report by •xcèptlon
We have nothing to report in respect of the following matter5 in relation lo which the Charitie5 (Accounts and
Rep(Ktsl Regulations 2008 require us to report lo you ff, in our opinion..
the information given in the fInar￿la1 statements is incon5IStÈnl in any matèrial rèspeel with the trustees.
report., or
the charity ha5 not kept adequate aocounling ￿cOrds". or
the financtal statements are not in agreement with the accounting record5 and returns.. crf
we have not received all the InfortHalK)n and explanatitsns we ￿qUIre for our audit.
Rèsponsibilities of trustees
As explained tnore fully in the Iiust8e5' responsibilitiès statement set out on page 3, the trustees are responsible
lor the preparation of financial staternents which give a true and fair view. and lor such Internal control as the
trustees determine is necessary to enable the preparation of financial staterrents that ale free from material
misslaterrent, whelhei due lo fraud or error
In preparing the financial statements, the trustees are responsible for assessing the ¢harity's ability lo Continue
as 3 going concérn, discbsing, as applicable, matters related lo going concern and using the going concem
basis ol accounting unless the Iru51ees either intend to liquidate the charity or to tsase operations, or have no
realistic alternative but to do so.
Audito￿$ r¢sponsibilltl•s for th• audit of the financial statements
We have been appointed as auditor under Section 144 of the Charities Act 2011 and ￿pOrt in afjwrdance wrth
regulations made under s&¢tion 1 $4 of that Act.
Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement, whether due lo traud or error. and lo issue an audilorfs report that Includes our
otj'nion Reasonable assuiance is a high level of assuranTr. but is nol a guarantee that an audrt conducted in
accordance with ISAS IUKI will always delecl a tnatenal misstatement when it exists. Misstatements can arise
from fraud or error and are considered rnalerial if, individually or in the aggregate, they could ieasonably be
expected lo Influence the econom￿ decisions of users taken on the basis of these finanaal statements.
Page 6

THE JOHN THACKER CHARITABLE TRUST
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES Icontinuedl
Irregularities. induding fraud. are instances (>f n(>n-compliance with laws and regulatK)ns. We design proCèdu￿S
n line with our responsibilities, outlined above, to detect rnaterial rnisslatements in respect of irregularities,
including fraud. The spe¢ific procedures for this engagement and the extent to ¥vhich these are capable ol
detecting irregularities, including fraud is detailed below-.
Enquiriès wlh managèmènt, about any known or suspected instances of non-compliance with L4ws and
regulation5 and fraud..
Challenging assumptions and judgements rnade by management, in particular in relab'on to fulure
perfomance in light of the impact of Covid-19.'
Auditing the risk of rnanagement ovèrride of contrr>ls. including through tests'ng joumal entriès and other
adjustments for appropriateness., and
Revwing board minutes.
Because of the inherent limitations of an audit, therè is a risk that we will not detect all iiregularrties. including
those leading lo a rnaterial misstatement in the financial staletllellls or non-corllpliance with regulation This risk
increases the rn0￿ that compliance wrth a law or regulation is removed from the events and transactions
reflected in the financial 51alefnenls, as we will be less likely to become aware of instances of non-compliancé.
The fisk is also greater ￿gardIng irregularities occurring due lo fraud rather than error. as fraud involves
intentional concealment, forgery, collusion, omission or misreye5entalion.
A further description of our responsibilities for the audit of the finanaal statements is located on the Financial
Reporting Council's website al.. www.frc.org.uklaudilorsresptsnsibililie5. This description f01rn5 part of our
udito¢s report.
Use of our report
This r8POrt is made solely to the charity's trustees. as 8 body. in accordance with Part 4 of the Charities
IA¢¢ounts and Reportsl Regulations 2008. Our audit work has been undertaken so that we mtghl state to the
charity's trustees those matters we are required to state to them in an auditor's report and lor no other purpose.
To the lullest extent permitted by law, we do not accept or assume responsibility lo anyone other than the
chaiity and the tharity's trustees as a body, for our audit work, for this report, or for the opinions we have
fortned.
4 i￿￿TL S
MHA Moore and Smalley
Chartered Accountants & Ststutory Auditor
Ri¢hard House
nokley Square
Preston
PR1 3HP
10111121
Dale..
MHA Moore and Smalley is eligible to act as an auditor in temis ol section 1212 of the Companies Act 2006.
Page 7

THE JOHN THACKER CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2021
Unrestrl¢ted
In¢ome
En(towmeftt
lunds
fund
2021
Totsl
2020
Total
Note
Income from
Investments
25,940
25,940
32,458
Total incom
25,940
2S,940
32.458
Expenditure on
Raosing funds".
Inveslrnent managernent cos15
14.828
14,828
13.918
Total expenditure
14.828
14,828
13.918
Net income before gainsl
Ilossesl on invèstm•nts
11.112
11,112
18.540
Net gainslllossesl on investments
118,455
118,455
147,4151
Net incomellexpefiditurel
11,112
118.455
129,567
128.8751
Transfers be￿een funds
Nèt mov•mont In funds
11,112
118.4SS
129,567
128,8751
Reconciliation of fund¥=
Total funds brought forward
591,847
1,588,613
2,180.460
2,209,335
Total funds carried forward
602,959
1,707,068
2,310,027
2,180,460
The comparative statement of financial actwities can be found in note 8 lo the accounts.
Page 8

THE JOHN THACKER CHARITABLE TRUST
BALANCE SHEET
AS AT 31 MARCH 2021
2021
2020
Nots
Fixed asset investsnents
1,083,371
9e8,705
Curr•nt ass•ts
Cash at bank
Accrued income
2,219,739
6,917
2,207,653
4,102
2.226,656
2,211,755
Creditor5 - amounts falling due
thin one year
1.IXIO,000
1,000,000
Net current assets
1,226,656
1,211.755
Net assets
2,310,027
2,180.460
Represented by:
Unrèstrictèd incomé funds
Unrestrided endowment fund
602,959
1,707.068
591,847
1,588,613
Total fvnds
2,310,027
2.180.460
These accounts were approved by the trusteès on 11 October 2021 and signed on its behalf
MrJ G Chesworth- Chaimian
PArs L Norris . Twstee
Page 9

THE JOHN THACKER CHARITABLE TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2021
Accountlng policies
Basis of accounting and general informatio
The financial Statements have been prepared in accoidance with A¢eounting and Reporting by
Charities". Statement ol Recornmended Practice applicable lo charities preparing their ac￿untS in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued
in October 2019. the Financial Reporting Standard applicable in the United Kingdom and Republic of
Ireland IFRS 1021, the Charities Act 2011 and UK Gener311y Accepted Aeeounting Practice.
The financial statements have been prepared lo give a 'true and lairf view and have departed from the
Charities (Accounts and Reports) Regulations 2008 only lo the extent requiréd to provide 2.true and fair
view,. This departure has Involved following Accounting and Réporting by Charities.. Slalement ol
Recommended Practtce applicable lo charities preparing their accounts in accordance with the
Financial Reporting Standard appI￿able in the UK and Republic of Ireland issued in October 2019
rather than the Accounting and Reporting by Chaiilies". Statemènt of Recommènded Practice effective
from 1 April 2005 wh￿tt has since been withdrawn.
Thè accounts have been prepa￿d under the hiStOr￿al cost convention as modified by the indusion of
investments al rnarkel value.
The Charity constitutes a public benefit entity as defined by FRS 102.
Going concern
The financial statements have been prepared on a going concern basis as the trustees believe that no
tnaterial uncertainly exists that casts doubt on the Charitable Trust's ability to continue lo operate. The
Iruslees have con5ideied the level of funds héld and thè Èxpected level of income and expenditure for
12 months from aulhori51ng these financial 51alements Thè budgetèd Income and expendituré is
sufficEnt with the level of reserves lor the charity to be able to continue as a going ¢onGern. The
trustees expect that Covid-19 could continue to have some impact. though not signrficant, in relation to
expected future performanee. or on future assèt valuations. The trustees have engaged Cowgill
Holloway Wealth Mallagemenl lo rnonitor the pos11ion of the investments and lo advise accordingly. The
trustees will lake appropriate action should the rksk of erosion of reserves values continue.
Funds stru¢tur¢
The trustees hold the capital and income of the Trust Fund for the benefit of St Catherine's Hospice
ILancashirel Limited whrch is a registered charity. number 512186. Although the trustees have the
power lo distribute capital, the current policy i8 lo distribute only investment income. The unrestricted
income fund on the Statement of Financial Actiwtie5 represents undisliibuted incotHe and the
unrestricted endowment fund represents capital together with subsequent gain5 and lossè5 arising on
disposal and rèvaluation.
Income
Incorne has beèn crèdited to thè income fund on an accruals basis. All incorne is recognised once the
charity has enlitlernent to the income, there is suffiGienl certainty or le￿ipt and $0 it is probable that the
income will be received, and the amount of income receivable Gan be measured reliably
Expenditure
All expenditure is accounted for on an accruals basis and has been classified under headings that
aggregate 811 costs related to the category. Where costs cannot be directly attributed lo particular
headings they have been allocated to activities on a basi5 Gorisislenl with the use of the re50urTrs.
Page 10

THE JOHN THACKER CHARITABLE TRUST
NOTES TO THE ACCOUNTS ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2021
Accounting policies Icontinuedl
Investsnents
Investments are initially recognised at their transaction value and subsequently measured at their
market value as at the balan￿ sheet date using the closing quoted market price. The statement of
financial activitie5 includes the nèt gains and losses arising on revaluation and disposals throughtsul the
year.
All gains and losses are taken lo the statement of finanaal activities as they anse. Realised gains and
sses on investments are calculated as the difference betsveen sales proceeds and their opening
arying valLJe or their purchase value if acquiied subsequent to the first day of the financial year.
Unrealised gains and losses are calculated as the difference belwe8n the lair value at the year end and
their carrying value. Reali5ed and unrealised investment gains and losse5 are combined in the
Statèment of Financial Activities.
Oebto
Trade and other debt￿S are recognised at the sett18mènt amount due after any trade d￿cOUnt ofFered.
Prepayrnents ale valuod at the amount prepaid net of any trade diswunts duè.
Credlto
Creditors are re￿nised where the charity has a present obligation reSu￿.n9 from a past event Ihat will
probably result in the transfer of funds to a third party and the afflount due lo settle the obligation can be
tneasured or estimated reliably. Creditor5 arè nom)ally recognised at their settlement arnount after
alkiwing for any trade discounis due.
Financial instruments
Financial instruments are classified and accounted foi. a￿ordIng lo the substance of the contractual
arrangement. as finan¢ial asséts, financial liabilities or equity inslrumenls. An equty instrumènt Is any
contract that evidence5 a residual interest of the charity after deducting all of 115 liabilities.
Investsnent income
2021
2020
Investment account interest
vidends
14,901
11.039
18.397
14,061
25,940
32,458
l income was credited to the unrestrictèd incomè fund in the current and previous year.
Page11

THE JOHN THACKER CHARITABLE TRUST
NOTES TO THE ACCOUNTS ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2021
Fixed asset investments
2021
2020
Movement in fixed asset investments:
Market valvè at 1 April 2020
Additions at cost
Disposal proceeds
Net investment gainslllossesl
Movem&nl in ¢ash held on deposit by invesltllent agents
968.705
310,963
1335,1391
118.45S
20,387
1,015,977
785,748
1753.1081
147.4151
112,4971
Markat value at 31 fvlar¢h 2021
1,083,371
968,705
2021
2020
Invesknènts at mark•t valu• eomprls•d..
Equities
Bonds
Liquidity
Alternatives
Cash held by investment managers
367,027
450.764
20,000
150,608
94,972
302.140
430.964
39,812
121.204
74,585
Totsl Investments
1,083,371
968,705
ash at bank and in hand
2021
2020
Instant access accounts
Fixed term deposit accounts
1,498.899
720,840
1.182.992
1,024,661
2,219,739
2,207,653
Page 12

THE JOHN THACKER CHARITABLE TRUST
NOTES TO THE ACCOUNTS ICONTINUEOI
FOR THE YEAR ENDED 31 MARCH 2021
Creditor
2021
2020
St Catherine's Hospice (Lancashirel Ltd
1,000,000
l,CQo.￿)O
1,000,000
1,CQO,000
Tran$a¢tions wlth trnsts•s and r•lated parties
rijring the year the trustees re￿iVed no remuneratr'on, benefits in kind or reimbursed expenses12020'.
£niD. There were no transactions with related parties.
The Trust is consolidated into the accounts of St Calheiine's Hospice {Lan￿Shirel Lifflrted (Gompany
number 01602467 and charity number 5121861. The consolidated finanaal statemenls of this group are
available to the public and may be obtained from Companies House, Cardrff.
Analysis of balances by fund
Unrestricted Unrestricted
income
endowment
funds
fund
Total
fund
2021
Investmenls
Current assets
Creditors
1,083,371
1,623,697
11.000,0001
1.083,371
2.226,656
11,1100,0001
602,9S9
602,9S9
1,707,068
2.310,027
Unrestricted Unrestricted
Incom•
•ndowm•nt
lunds
lund
Total
funds
2020
Investments
Current assèts
Creditor5
968.705
1,619,908
11,000.0001
968.705
2.211,755
{1,000,0001
591,847
591,847
1,588,613
2.180,460
Page 13

THE JOHN THACKER CHARITABLE TRUST
NOTES TO THE ACCOUNTS ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2021
ststement of financial activities - previous year
Unrestricted
Income
Endowment
fund5
fund
2020
Total
2019
Total
Incomo from
Inveslmellts
32.458
32,458
29,878
Totsl incorne
32.458
32,458
29,878
Exp•nditur• on
Fiaising ￿ndS..
Investment management costs
13,918
13.918
14,477
Total expenditure
13.918
13,918
14,477
Net income before gainsl
Ilossesl on investments
18.540
18,$40
15,401
Net gainslllossesl on investments
147.4151
147,4151
8.379
N•t incom•ll•xp•nditurèl
18,S40
147.4151
128.8751
23,780
Tr8nsfers between funds
Net movement in funds
18.540
147,41 $1
128,8751
23,780
Reconciliation of fvnds:
Total funds brought forward
573,307
1,636,028
2,209,335
2,185,555
Total funds carried forward
591,847
1,588,613
2,180,460
2.209,335
Page 14