## **The Craven Trust**
**(Charity Registration Number 1045419)**
# **Trustees' Annual Report & Financial Statements for the year ended**
## **31st March 2021**
Charity accounts preparation & independent examination service
## **The Craven Trust**
**(Charity Registration Number 1045419)**
|**Contents**||
|---|---|
|**Index**|**Page**|
|**Annual Report of the Trustees**|**1**|
|**Independent Examiner's Report**|**5**|
|**Statement of Financial Activities**|**6**|
|**Balance Sheet**|**7**|
|**Statement of Cashflows**|**8**|
|**Notes to the Accounts**|**9**|
## **Trustees' Annual Report**
**For the year ended: 31/03/21**
## **Reference and administration details**
**Charity name** The Craven Trust **Other names the charity is known by** None **Registered charity number (if any)** 1045419 **Charity's principal address** PO Box 126 Skipton BD23 9FT
## **Names of the charity trustees who manage the charity**
**Name of person (or body) Dates acted if not for Trustee Name Office (if any) entitled to appoint trustee whole year (if any)** Mr G R Bowring Mr M Lovitt Mrs M Hey From 07/07/21 Mrs D Pollitt Mr S Robinson resigned 23/04/21 Mrs C M Schwaller MBE Chair Mr R Templar Treasurer Mrs J Thistlethwaite **Names of the trustees for the charity, if any Name Dates acted if not for whole year** None
## **Reference and administration details (continued)**
**Names and addresses of advisers Type of adviser Name Address** Investment Advisor Brewin Dolphin 10 Wellington Pl, Leeds LS1 4AN Outsource Accountancy Independent Examiner Services and IE'S Hiscox Building, Peasholme Green, York, YO1 7PR **Structure, governance and management Description of the charity's trusts Governing document:** Trust Deed **How the charity is constituted** An unincorporated charity **Trustee selection methods** Appointed by existing trustees
## **Additional governance issues**
The trustees of The Craven Trust are also trustees of The Beamsley Trust as provided for in The Beamsley Trust's governing document. The Beamsley Trust is now a linked charity of The Craven Trust.
## **Description of the charity's trusts – The Beamsley Trust**
**Governing document:**
Charity Commission Scheme
1
An unincorporated charity
**How the charity is constituted**
Appointed by The Craven Trust
**Trustee selection methods**
## **Additional governance issues**
The Beamsley Trust was originally an independent charity and came under the auspices of The Craven Trust in 1999.
## **Objectives and activities**
## **Summary of the objects of the charity set out in its governing document**
To provide financial assistance for such charitable purposes as the trustees in their discretion think fit including for example:-
the provision of financial assistance to other registered charities the relief of financial need among people the relief of sickness
the advancement of the education of the public
but only within the ancient archdeaconry of Craven in the Bradford diocese which includes Keighley and Craven District.
## **The Beamsley Trust:**
Subject to the payment of expenses, the trust shall apply the income of the Charity in relieving either generally or individually persons who are in conditions of need, hardship or distress by making grants of money or providing or paying for items, services or facilities calculated to reduce the need, hardship or distress of such persons with a preference being given to persons resident in the area of the former Ancient Parish of Beamsley.
The trustees may pay for such items, services or facilities by way of donations, subscriptions to institutions or organisations which provide or which undertake in return to provide such items, services or facilities for such persons.
## **Summary of the main activities undertaken for the public benefit in relation to these objects**
Trustees address the needs of the widest range of people and communities in its area of benefit by awarding grants to locally based groups whose aims reflect the trust's objectives. This could for example be through activities that improve people's health, address social isolation, provide learning opportunities, or enable better access to sports and arts; and improvements to community buildings.
While the Craven Trust primarily focuses on groups and organisations that benefit others, the Beamsley Trust enables trustees to give grants to individuals, enabling them to have a better quality of life through access to support, to services, opportunities and other activities. The Beamsley Trust also gives grants to groups who are particularly working with vulnerable people – of any age or background – who are disadvantaged by disability, poverty, economic circumstances, for example.
The trustees consider that they have complied with their duties to have due regard to the public benefit guidance published by the Charity Commission.
## **Additional details of objectives and activities**
The trustees are supported by a part time administrator who deals with all correspondence, liaises with applicants, co-ordinates trustee meetings, provides reports and enables a central point of access.
2
## **Achievements and performance**
## **Summary of the main achievements of the charity during the year**
Craven Trust:
The income of the Trust was £13,645, similar to last year, however, investment income was down 10% reflected in sensible management by Brewin Dolphin during the pandemic impacted year and offset by higher donation and returned grants from previous years. The demands on the Trust were less than last year. The value of grants made was £10,500 reflecting the lower level of community infrastructure projects due to the lockdown.
In this financial year The Craven Trust supported 12 diverse projects, with grants of varying amounts, ranging from providing disabled toilets to a portable chipper for community allotments.
## Beamsley Trust:
The income of the Trust is lower this year at £13,810. Investment income was 20% lower due to the investment strategy for Beamsley focusing primarily on investment income returns, a strategy impacted significantly by Covid. However, we are pleased that the loss was only 20%. The grant demand of £11,404 was similar to last year, with requests to support specific individuals increasing.
The trustees were able to support 3 groups to a total value of £1,991. We also supported 20 individuals at a total of £9,412.
## Overall
The Covid19 pandemic did impact our investment income levels, however not as significantly as first assumed. The appeal for funds through The Craven Herald and Keighley News did not raise significant funds due to so many similar amazing efforts launched by various organisations to support groups during lockdown.
We do anticipate that as lockdown is relaxed many groups and individuals will find themselves left outside the central and local government relief funds and will require support from small grant making organisations such as The Craven Trust. Consequently, we will maintain flexibility about the resources available for grant awards and we have approved a policy change to enable, where appropriate, increased funds for The Beamsley Trust's support for individuals in need.
The trustees effectively transitioned to virtual meetings, however, we all look forward to not just meeting face to face as trustees, but once again getting out and about the wonderful Craven district to meet grant applicants to understand better the projects they are planning. During the year we recognised our website required modernising and commissioned a local web designer to develop a refresh. We believe it is more accessible and hope you do as well. In April 2021, Simon Robinson resigned as a trustee. His integrity, wise counsel and knowledge of raising charities' visability will be very much missed. The Chair, Caroline Schwaller, was re-appointed April 2021 for one year.
## **Financial review**
## **Reserves policy**
The Craven Trust fund stands at £464,250 of which £452,922 is invested to provide a continuing income to distribute as grants.
The Beamsley Trust fund stands at £408,126 of which £405,900 forms the permanent endowment which is invested to provide an income for grants.
The trustees agreed on 21st April 2021 to adopt the Charity Commission's total return regulations to The Beamsley Trust endowment funds and The Beamsley Trust restricted funds, effective from 1st April 2021. The Beamsley Trust investment fund is determined to be £267,877 and as at 31st March 2020, The Beamsley Trust unapplied total return was £64,235.
3
If insufficient suitable applications for grants are received in a year, the surplus remains invested for future income generation, but is available to be spent on grants in subsequent years.
## **Funds materially in deficit**
None
## **Trustees' responsibilities in relation to the financial statements**
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the trustees should follow best practice and:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ascertain the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Declaration**
## **The trustees declare that they have approved the trustees' report above**
## **Signed on behalf of the charity's trustees**
## **Signature**
**Signature**
## **Name**
## Caroline Schwaller
**Name**
## Robert Templar
## Chair
## **Position (e.g. Chair etc)**
13 October 2021
Treasurer 13 October 2021
**Position (e.g. Chair etc)**
**----- Start of picture text -----**
Date
**----- End of picture text -----**
**----- Start of picture text -----**
Date
**----- End of picture text -----**
4
**Independent examiner’s report to the trustees of The Craven Trust**
I report on the accounts of: **The Craven Trust** for the year ended: **31st March 2021** which are set out on pages 6 to 17.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
- 2 the accounts do not accord with those records
- 3 the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
**Karen Wood (ACMA)**
13/10/2021
**Date:**
Outsource independent examination service The Hiscox Building Peasholme Green York YO1 7PR
5
## **The Craven Trust**
(Charity Registration Number 1045419)
## **Statement of Financial Activities for the year ended:**
## **31st March 2021**
|**Note**
**Income and endowments from:**
Donations and legacies
3.1
Charitable activities
3.2
Investments
3.3
**Total income**
**3**
**Expenditure on:**
Raising funds
4.1
Charitable activities
4.2
**Total expenditure**
**4**
**Net incoming/ (outgoing)resources before**
**other recognised gains/ (losses)**
**Transfers between funds**
**12**
**Gains/(losses) on investment assets**
**8**
**Net movement in funds**
**Total funds brought forward**
**Total funds carried forward**|**Note**
**Income and endowments from:**
Donations and legacies
3.1
Charitable activities
3.2
Investments
3.3
**Total income**
**3**
**Expenditure on:**
Raising funds
4.1
Charitable activities
4.2
**Total expenditure**
**4**
**Net incoming/ (outgoing)resources before**
**other recognised gains/ (losses)**
**Transfers between funds**
**12**
**Gains/(losses) on investment assets**
**8**
**Net movement in funds**
**Total funds brought forward**
**Total funds carried forward**|**Unrestricted**
**Restricted**
**Endowment**
**Total**
**Total**
**funds**
**funds**
**funds**
**2021**
**2020**
**£**
**£**
**£**
**£**
**£**
2,350
-
-
2,350
2,120
1,350
919
-
2,269
1,279
9,945
12,891
-
22,836
27,235|
|---|---|---|
|||**13,645**
**13,810**
**-**
**27,455**
**30,634**|
|||3,058
2,751
-
5,809
5,791
14,944
15,647
-
30,591
39,208|
|||**18,002**
**18,398**
**-**
**36,400**
**44,999**|
||||
|||**(4,357 )**
**(4,588 )**
**-**
**(8,945 )**
**(14,365 )**|
|||**-**
**(7,495)**
**7,495**
**-**
**-**
106,365
-
68,519
174,884
(110,404)|
|||**102,008**
**(12,083)**
**76,014**
**165,939**
**(124,769)**|
|||362,242
13,827
332,112
708,181
832,950|
|||**464,250**
**1,744**
**408,126**
**874,120**
**708,181**|
6
## **The Craven Trust**
(Charity Registration Number 1045419)
## **Balance Sheet as at:**
## **31st March 2021**
|**Note**
**Fixed Assets**
Investments - The Craven Trust
**8**
Investments - The Beamsley Trust
**8**
**Current Assets**
Cash at bank and in hand
**9**
Debtors & prepayments
**10**
**Current Liabilities: Amounts falling due**
**within one year**
Creditors and accruals
**11**
**Current Liabilities: Amounts falling due**
**after more than one year**
Creditors and accruals
**Funds of the Charity**
**12**
Unrestricted Funds (General)
Restricted Funds
Endowment Funds
**Total Funds Carried Forward**
**Net Assets/(Liabilities)**
**Total Fixed Assets**
**Net Current Assets/(Liabilities)**
**Total Current Assets**|**2021**
**£**
457,283
408,126
**865,409**
21,662
151
**21,813**
(13,102)
**8,711**
-
**874,120**
464,250
1,744
408,126
**874,120**|**2020**
**£**
358,454
332,112|
|---|---|---|
|||**690,566**|
|||26,719
120|
|||**26,839**|
|||(9,224)|
|||**17,615**|
|||-|
|||**708,181**|
|||362,242
13,827
332,112|
|||**708,181**|
The financial statements were approved by the trustees and signed on their behalf by:
## **Signature**
## Robert Templar
## **Name**
Treasurer
**Position (e.g. Chair etc)**
7
## **The Craven Trust**
## **Statement of Cash Flows for the year ended:**
## **31st March 2021**
|**Note**
**Cash flows from operating activities**
**Net income/(expenditure) for the year**
(Gains)/losses on investments
**Working capital changes**
(Increase)/decrease in debtors
Increase/(decrease) in creditors
**Cash flows used in investing activities**
Purchase of investments
8
Sale of investments
8
**Cash from investing activities**
**Change in cash and cash equivalents in the year**
Cash and cash equivalents at 1 April 2020
**Cash and cash equivalents at 31 March 2021**
**Cash at bank at 31 March 2021**
9
**Cash equivalents at 31 March 2021**
8
**Net cash provided by/(used in) operating activities**|**Total**
**2021**
**£**
165,939
(174,884)|**Total**
**2020**
**£**
(124,769 )
110,404|
|---|---|---|
||(8,945 )
(31 )
3,878|(14,365 )
444
(6,675 )|
||**(5,098)**|**(20,596)**|
||(327,183 )
302,700|(121,324)
146,683|
||**(24,483)**|**25,359**|
||(29,581 )
57,830|4,763
53,067|
||28,249|57,830|
||21,662
6,587|26,719
31,111|
||28,249|57,830|
-
8
## **The Craven Trust**
## **Notes to the accounts for the year ended:**
## **31st March 2021**
## **1.1 Basis of accounting**
The financial statements are prepared under the historical cost convention and the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (Charities SORP (FRS 102)).
## **1.2 Change of basis of accounting**
There has been no change to the accounting policies (valuation rules and methods of accounting) since last year.
## **1.3 Change to previous accounts**
No changes have been made to accounts for previous years.
## **Accounting policies**
## **Income**
## **Recognition of income**
Income is recognised in the Statement of Financial Activities (SoFA) when:
- the charity becomes entitled to the resources;
- receipt is probable; and
- the monetary value can be measured with sufficient reliability.
## **Incoming resources with related expenditure**
Where incoming resources have related expenditure, the incoming resources and related expenditure are reported gross in the SoFA.
## **Grants and donations**
Grants and donations are only included in the SoFA when the charity has evidence of entitlement to the resources and receipt is probable.
## **Investment income**
This is included in the accounts when receivable.
## **Expenditure and Liabilities**
## **Expenditure**
## **Raising funds**
Cost of raising funds comprises those costs associated with attracting voluntary income.
## **Charitable activities**
Charitable activities expenditure comprises those costs incurred by the charity in the delivery of its activities and services. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Liability recognition**
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
9
## **Assets**
## **Tangible fixed assets for use by the charity**
These are capitalised if they can be used for more than one year and cost at least £750. They are valued at cost or, if gifted, at the value to the charity on receipt, less depreciation.
## **Fund accounting**
Unrestricted funds are funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are funds which can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor.
10
## **The Craven Trust**
(Charity Registration Number 1045419)
## **Notes to the accounts for the year ended:**
## **31st March 2021**
|**3**
**3.1**
**3.2**
**3.3**
Grants returned
**Total income**
**Investments**
Unit trusts
Bank interest
Other investment income
**Donations and legacies**
Donations and gifts
Gift aid
Legacies
**Charitable activities**
**Income and endowments**|**Unrestricted**
**funds**
**£**
2,145
205
-|**Restricted**
**funds**
**£**
-
-|**Endowment**
**funds**
**£**
-
-|**Total**
**2021**
**£**
2,145
205
-
**2,350**
2,269
**2,269**
22,822
14
-
**22,836**
**27,455**|**Unrestricted**
**funds**
**£**
1,505
120
-|**Restricted**
**funds**
**£**
-
-
-|**Endowment**
**funds**
**£**
495
-
-|**Total**
**2020**
**£**
2,000
120
-|
|---|---|---|---|---|---|---|---|---|
||**2,350**|**-**|**-**||**1,625**|**-**|**495**|**2,120**|
||1,350|919|-||673|606|-|-
1,279|
||**1,350**|**919**|**-**||**673**|**606**|**-**|**1,279**|
||9,940
5
-|12,882
9
-|-
-
-||11,020
17
-|16,169
29
-|-
-
-|27,189
46
-|
||**9,945**|**12,891**|**-**||**11,037**|**16,198**|**-**|**27,235**|
||||||||||
||**13,645**|**13,810**|**-**||**13,335**|**16,804**|**495**|**30,634**|
11
## **4 Expenditure**
|**4.1**
**4.2**
Investment management fees
**Total expenditure**
**Raising funds**
**Charitable activities**
Grants awarded
Sundry expenses
Meeting costs
Independent examination
Insurance
Office & IT costs
Staff salaries
Publicity and website|**Unrestricted**
**funds**
**£**
3,058
**3,058**
10,500
2,460
798
119
511
126
0
430
**14,944**
**18,002**|**Restricted**
**funds**
**£**
2,751|**Endowment**
**funds**
**£**
-|**Total**
**2021**
**£**
5,809
**5,809**
21,904
4,920
1,596
238
1,022
261
-
650
**30,591**
**36,400**|**Unrestricted**
**funds**
2,972
**2,972**
19,186
2,430
153
119
1,645
106
27
430
**24,096**
**27,068**|**Restricted**
**funds**
2,819
**2,819**
11,612
2,430
153
119
445
106
27
220
**15,112**
**17,931**|**Endowment**
**funds**
-
**-**
-
-
-
-
-
-
-
-
**-**
**-**|**Total**
**2020**
**£**
5,791|
|---|---|---|---|---|---|---|---|---|
|||**2,751**|**-**|||||**5,791**|
|||11,404
2,460
798
119
511
135
0
220|-
-
-
-
-
-
-
-|||||30,798
4,860
306
238
2,090
212
54
650|
|||**15,647**|**-**|||||**39,208**|
||||||||||
|||**18,398**|**-**|||||**44,999**|
12
## **5 Expenses & fees**
No trustees received a remuneration for services rendered during the year, nor were any trustees' out of pocket expenses reimbursed.
## **5.1 Fees for examination of the accounts**
|**5.1 Fees for examination of the accounts**
Independent Examiner's fees
**6 Staff costs and emoluments**
Gross salaries
Employers National Insurance
Pension Contributions
Average number of employees (full time equivalent)|**2021**
**£**
**650**
**2021**
**£**
4,792
-
128
**4,920**
**0.2**|**2020**
**£**|
|---|---|---|
|||**650**|
|||**2020**
**£**
4,860
-
-|
|||**4,860**|
||||
|||**0.2**|
No employee received remuneration in excess of £60,000 (2020: Nil)
## **7 Grantmaking**
## **7.1 Total value of grants**
|**Purpose for which grants made**
Various as detailed below (7.3)
Individualsin need or Hardship|**Grants to**
**organisations**|**Grants to**
**individuals**
|
|---|---|---|
||**Total £**|**Total £**|
||**2021**
12,491
-|**2021**
-
9,413|
|**Total**|12,491|9,413|
|**7.2 Grantmaking costs**
Support costs of grantmaking|**£**
Nil|
|---|---|
13
## **7.3 Grants made to organisations**
|**Name of organisation**|**Purpose**|**Total**
**paid £**|
|---|---|---|
|Oakworth & Area History Group
**Grants made by The Craven Trust**
1st Castleberg Scouts, Settle
North Craven Building Preservation Trust
Bingley (St Ives) Riding School for the
Disabled
Silsden AFC
St Oswalds Parish Church, Thornton in
Lonsdale
Settle Hub
Lothersdale Village Hall
Little Feet Creche, Skipton
Bentham Allotments Association
Bolton Road Allotments, Silsden
Embsay Pre School|Refurbishment
Allotment project
Portable chipper
Disabled toilet
Junior tea room
Projector & room hire
Refurbishment of drill hall
Walter Morrison festival
Solar panels
Sheds & locks
Playground repair
Water pipes|
250
1,500
750
500
1,500
1,000
250
1,000
1,000
490
1,000
1,260|
|||10,500|
||||
|**Name of organisation**|**Purpose**|**Total**
**paid £**|
|The Principle Trust, Skipton
**Grants made by The Beamsley Trust**
The Shed - Oakworth
Grassington Hub Men's Shed|Sewing machines
Holidays for key workers
Set up costs|500
491
1,000|
|||1,991|
|**Total grants to organisations**|||
|||**12,491**|
## **Total grants to organisations**
## **8 Investment assets**
|**8 Investment assets**||||
|---|---|---|---|
|Add/(deduct): net gain/(loss)
on revaluation
**Carrying (fair) value at end**
**of year**
Carrying (fair) value at
beginning of year
Add: additions to investments
at cost
Less: disposals at carrying
Add/(deduct): transfer in/(out)
in the period|Cash &
cash
equivalents
Listed
investments
At cost
At fair value
19,558
338,896
106,191
113,852
(113,852)
(106,191)
(7,536)
-
-
106,365
**4,361**
**452,922**
**Craven Trust**|**Total**
Cash & cash
equivalents
Listed
investments
At cost
At fair value
£
£
£
11,553
320,559
690,566
196,509
213,331
629,883
(213,331)
(196,509)
(629,883)
7,495
-
(41)
-
68,519
174,884
**2,226**
**405,900**
**865,409**
**Beamsley Trust**||
||**4,361**||**405,900**
**865,409**|
14
Comprising: Cash at cost Investments at fair value
6,587 858,822 **865,409**
## **9 Cash at bank and in hand**
|**£**
516
12,383
827
27
**13,753**
**10 Debtors and prepayments**
**Debtors and prepayments**
**11 Creditors and accruals**
Grants to be paid - The Craven Trust
Grants to be paid - The Beamsley Trust
Accruals-The Craven Trust
Accruals-The Beamsley Trust
**The Craven**
**Trust**
CAF cash account
CAF gold account
Nat West current account
Gift Aid claims outstanding
**Analysis of creditors falling due within**
**one year**
Petty Cash|**£**
516
12,383
827
27
**The Craven**
**Trust**|**£**
378
7,531
-
-
**The Beamsley**
**Trust**
**Restricted**|**The Beamsley**
**Trust**
**Endowment**
**£**
-
-
-
-
**-**
**2020**
**£**
120
**120**
**2020**
**£**
5,133
2,010
1,264
817
**9,224**
|**Total**
**Total**
**2021**
**2020**
**£**
**£**
894
702
19,914
25,741
827
252
27
24|
|---|---|---|---|---|
||**13,753**|**7,909**||**21,662**
**26,719**|
|||**2021**
**£**
151|||
|||**151**|||
|||**2021**
**£**
9,100
1,535
1,517
950|||
|||**13,102**|||
15
## **12 Movement of funds**
## **12.1 Movement of major funds**
|**2021**
**Fund name**
**Unrestricted**
**funds**
Craven Trust
**Restricted**
**Funds**
Beamsley Trust
**Endowment**
**Funds**
Beamsley Trust
**Total Funds**
**2020**
**Unrestricted**
**Funds**
Craven Trust
**Restricted**
**Funds**
Beamsley Trust
Beamsley Trust
**Total Funds**
**Fund Name**
**Endowment**
**Funds**|**£**
**£**
362,242
13,645
**Balance**
**b/fwd**
**Incoming**
**resources**|**£**
18,002
**Outgoing**
**resources**|**£**
-
(7,495)
**Transfers**|**£**
**£**
106,365
464,250
**Gain/loss**
**on invest**
**Balance**
**c/fwd**|
|---|---|---|---|---|
||13,827
13,810|18,398||-
1,744|
||332,112
-|-|7,495|68,519
408,126|
||||**-**
**£**
-
3,490
(3,490)
**Transfers**||
||**708,181**
**27,455**|**36,400**||**174,884**
**874,120**|
||**£**
**£**
424,797
13,335
**Balance**
**b/fwd**
**Incoming**
**resources**|**£**
27,068
**Outgoing**
**resources**||**Balance**
**c/fwd**
**£**
**£**
(48,822)
362,242
**Gain/loss**
**on invest**|
||11,464
16,804|17,931||-
13,827|
||396,689 495|-||(61,582)
332,112|
||||**-**||
||**832,950**
**30,634**|**44,999**||**(110,404)**
**708,181**|
16
## **12.2 Details of Funds Held**
## **Unrestricted Funds (General)**
The General fund is unrestricted and available for general purposes.
## **Restricted Funds**
The restricted funds are only available for the purposes specified for each fund, which are:
## **The Beamsley Trust**
Funds to be used for the objectives of the linked charity
## **Endowment Funds**
Endowment funds are required to be retained by The Beamsley Trust, but income from these funds is utilised under restricted funds.
## **13 Net assets between funds**
|**Unrestricted**
**Funds**
**£**
457,283
17,123
(10,617)
**463,789**
**Unrestricted**
**Funds**
**£**
358,454
10,185
(6,397)
**362,242**
Fixed assets
Current assets
Current liabilities
**Balance at 31st March 2021**
**Balance at 31st March 2020**
Fixed assets
Current assets
Current liabilities|**Unrestricted**
**Funds**
**£**
457,283
17,123
(10,617)
**463,789**
**Unrestricted**
**Funds**
**£**
358,454
10,185
(6,397)
**362,242**
Fixed assets
Current assets
Current liabilities
**Balance at 31st March 2021**
**Balance at 31st March 2020**
Fixed assets
Current assets
Current liabilities|**Restricted**
**Funds**
**£**
-
4,690
(2,485)|**Endowment**
**Funds**
**£**
408,126
-
-
**408,126**
**Endowment**
**Funds**
**£**
332,112
-
-
**332,112**|**Total**
**2020**
**£**
865,409
21,813
(13,102)|
|---|---|---|---|---|
||**463,789**|**2,205**||**874,120**|
|||**Restricted**
**Funds**
**£**
-
16,654
(2,827)||**Total**
**2019**
**£**
690,566
26,839
(9,224)|
||**362,242**|**13,827**||**708,181**|
## **14 Additional disclosures**
The trustees of the Craven Trust are also trustees of the Beamsley Trust and administration costs are split evenly between the two trusts.
The two trusts are linked, with the Craven Trust being the reporting charity. The Beamsley Trust is reported as an Endowment and Restricted fund of The Craven Trust.
17