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|The Sternians Trust Fund<br>Annual Report and Accounts forthe year ended 31 December 2020||
|---|---|
|Contents|Pages|
|Contents||
|Legal and Administrative||
|Report ofthe Trustees||
|Independent<br>Examiner's Report||
|AnnualAccounts||
|Statement of Financial Activities||
|Balance Sheet||
|Notes tothe Accounts|10-13|





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||||Notes|2020|2019|
|---|---|---|---|---|---|
|||||E||
|Income from donations<br>and legacies|||4|24,874|16,788|
|Income from investments|||5|31,522|34,822|
|Total income||||56,396|51,610|
|Expenditure<br>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<br>(losses)/gains|on investment|assets||(41,590)|110,176|
|Net movement<br>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|









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|. Income|from donations<br>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|





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||||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|



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|. Other|expenditure|||
|---|---|---|---|
|||2020|2019|
|Trustees'|expenses|58|201|
|||58|201|





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|||||31December|2020||31December|2019|
|---|---|---|---|---|---|---|---|---|
|||Holding||Coat|Market|Holding|Cost|Market|
||||||value|||value|
|BLN Charities<br>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<br>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<br>in market||value|||||||
||||||||2020|2019|
||||||||8||
|Market value at 1 January||||||938,205||816,029|
|Additions, at cost||||||40,000||12,000|
|Unrealised<br>(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|