| Page | |||
|---|---|---|---|
| Trustees' report |
|||
| Trustees' responsibilities |
statement | ||
| Independent auditor's |
report | ||
| Statement offinancial | activities | ||
| Balance sheet | |||
| Notes to the financial | statements | 1 |
| Note | 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|---|
| E | E | |||||||
| Incoming resources | ||||||||
| Donation income | 144,657 | |||||||
| Investment income |
155,588 | 159,563 | ||||||
| Total incoming resources | 155,588 | 304,220 | ||||||
| Expenditure | ||||||||
| Cost of raising funds: | ||||||||
| Fundraising costs |
(26,190) | (55,291) | ||||||
| Expenditure on other charitable |
activities: | |||||||
| Donations | (117,000) | (117,000) | ||||||
| Administration costs |
(5,816) | |||||||
| Total resources expended | (143,190) | (178,107) | ||||||
| Net incoming / (outgoing) | resources | before other recognised | ||||||
| gains and losses | 12,398 | 126,113 | ||||||
| Gains and losses | ||||||||
| Realised gain / (loss) on investment | assets | 149,135 | 137,534 | |||||
| Unrealised gain / (loss) on |
investment | assets | 801,934 | (559,570) | ||||
| Net movement in funds |
963,467 | (295,923) | ||||||
| Total funds brought forward |
5,021,934 | 5,317,857 | ||||||
| TOTAL FUNDS CARRIED FORWARD | 10 | 5,985,401 | 5,021,934 | |||||
| All the activities derive from | continuing | operations. | ||||||
| All income and expenditure | is unrestricted. |
| nvestment income |
||
|---|---|---|
| 2021 | 2020 | |
| f | f | |
| Bank interest received | 4 | 308 |
| Loan interest received | 10,750 | 10,750 |
| Income from investments | 144,834 | 148,505 |
| 155,588 | 159,563 |
| 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | |
|---|---|---|---|---|---|---|
| Investment | Securities and | Total | Investment | Securities and | Total | |
| properties | other | properties | other | |||
| investments | investments | |||||
| Market value | f | f | ||||
| At 1August | 351,468 | 3,876,150 | 4,227,618 | 351,468 | 4,474,057 | 4,825,525 |
| Additions | 831,623 | 831,623 | 631,253 | 631,253 | ||
| Transfer | ||||||
| Disposals | (611,852) | (611,852) | (669,590) | (669,590) | ||
| Revaluation | 801,934 | 801,934 | (559,570) | (559,570) | ||
| 351,468 | 4,897,855 | 5,249,323 | 351,468 | 3,876,150 | 4,227,618 |
| oundation by Smith 5 Willia |
mson. The portfolio is spread acr |
oss distinct classes ofinvestment as foll |
ows: |
|---|---|---|---|
| 2021 | 2020 | ||
| f | E | ||
| UK Listed Equity | 1,627,132 | 1,183,396 | |
| UK Alternative Investments |
Market | 204,188 | 543,655 |
| UK Fixed Interest | 310,153 | 458,870 | |
| Overseas Listed Equity |
1,918,980 | 1,539,340 | |
| UK Specialist Credit | 63,000 | ||
| Multi Asset | 95,384 | 33,638 | |
| Overseas Fixed Interest |
158,793 | 54,251 | |
| Property | 583,225 | ||
| Market value at 31July | 4,897,855 | 3,876,150 | |
| ebtors due after more than | one year | ||
| 2021 | 2020 | ||
| f | E | ||
| Loan repayable | 584,250 | 250,000 |
| Debtors due within | one year | ||
|---|---|---|---|
| 2021 | 2020 | ||
| E | E | ||
| Accrued investment | income | 51,134 | 32,687 |
| Owed by related party | 323,500 | ||
| Other debtors | 100 | 100 | |
| Debtors | 51,234 | 356,287 |
| ash | ||
|---|---|---|
| 2021 | 2020 | |
| f | E | |
| Bank deposits | 108,514 | 195,949 |
| reditors due within one year | ||
| 2021 | 2020 | |
| f | f | |
| Accruals | 7,920 | 7,920 |
| Balance at 1 | Income | Expenditure | Investment | Balance at 31 | ||
|---|---|---|---|---|---|---|
| August 2020 | asset | July 2021 | ||||
| gain/(loss) f |
||||||
| Unrestricted | funds | 5,021,934 | 155,588 | (143,190) | 951,069 | 5,985,401 |