| The Sternians Trust Fund Annual Report and Accounts forthe year ended 31 December 2020 |
|
|---|---|
| Contents | Pages |
| Contents | |
| Legal and Administrative | |
| Report ofthe Trustees | |
| Independent Examiner's Report |
|
| AnnualAccounts | |
| Statement of Financial Activities | |
| Balance Sheet | |
| Notes tothe Accounts | 10-13 |
| Notes | 2020 | 2019 | |||
|---|---|---|---|---|---|
| E | |||||
| Income from donations and legacies |
4 | 24,874 | 16,788 | ||
| Income from investments | 5 | 31,522 | 34,822 | ||
| Total income | 56,396 | 51,610 | |||
| Expenditure on charitable |
activities | 6 | 40,298 | 28,043 | |
| Other expenditure | 7 | 58 | 201 | ||
| Total expenditure | 40,356 | 28,244 | |||
| Net income | 16,040 | 23,366 | |||
| Unrealised (losses)/gains |
on investment | assets | (41,590) | 110,176 | |
| Net movement in funds |
(25,550) | 133,542 | |||
| Fund balance bought forward at 1 January | 978,516 | 844,974 | |||
| Fund balance carried forward 31 December | 952,966 | 978,516 |
| . Income | from donations and legacies |
||
|---|---|---|---|
| 2020 | 2019 | ||
| E | E | ||
| Individual | donations | 4,563 | 3,986 |
| Legacies | 18,616 | 10,000 | |
| Donations | from The Sternians Association | 621 | 1,872 |
| Tax recoverable | 1,074 | 930 | |
| 24,874 | 16,788 |
| 2020 | 2019 | |||
|---|---|---|---|---|
| E | E | |||
| Received from narrower | range investments | 4,973 | 5,370 | |
| Received from wider range investments | 26,549 | 29,452 | ||
| 31,522 | 34,822 | |||
| 6. Expenditure | on charitable activities | |||
| 2020 | 2019 | |||
| E | E | |||
| Grants for termly fees | 40,298 | 28,043 |
| . Other | expenditure | ||
|---|---|---|---|
| 2020 | 2019 | ||
| Trustees' | expenses | 58 | 201 |
| 58 | 201 |
| 31December | 2020 | 31December | 2019 | |||||
|---|---|---|---|---|---|---|---|---|
| Holding | Coat | Market | Holding | Cost | Market | |||
| value | value | |||||||
| BLN Charities UN |
Bond | 34,895 | 62,529 | 68,743 | 34,895 | 62,529 | 66,684 | |
| M&G Charibond | 92,089 | 117,947 | 115,554 | 92,089 | 117,947 | 114,191 | ||
| Narrower Range | 180,476 | 184,297 | 180,476 | 180,875 | ||||
| BLN Charities UN |
Equity | 18,674 | 72,162 | 120,542 | 18,674 | 72,162 | 122,745 | |
| M&G Charifund | 21,815 | 207,807 | 299,435 | 21,815 | 207,807 | 362,287 | ||
| COIF investment | fund | 18,452 | 234,897 | 332,341 | 16,085 | 194,897 | 272,298 | |
| Wider Range | 514,866 | 752,318 | 474,866 | 757,330 | ||||
| Total Investments | 695,342 | 936,615 | 655.342 | 938.205 | ||||
| Movement in market |
value | |||||||
| 2020 | 2019 | |||||||
| 8 | ||||||||
| Market value at 1 January | 938,205 | 816,029 | ||||||
| Additions, at cost | 40,000 | 12,000 | ||||||
| Unrealised (losses)/gains |
on revaluation | (41,590) | 110,176 | |||||
| Market value at 31 December | 936,615 | 938,205 | ||||||
| Historic cost at 31 December | 695,342 | 655,342 |
| 9. Summary ofnet assets | ||
|---|---|---|
| 2020 | 2019 | |
| Investments | 936,615 | 938,205 |
| Net current assets | 16,351 | 40,311 |
| Net assets | 952,966 | 978,516 |