2021-08-31-accounts - The Ormerod Trust Fund

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

			2021			2020
	Note	Endowment	Restricted	Total	Endowment	Restricted	Total
					I
INCOMING RESOURCES
Generated Funds
UK Dividends		30,475	814	31,289	36,346	2,050	38,396
VAT Reclaim Refund						276	276
Net Incoasing Resources available
for Charitable Application		30,475	814	31,289	36,346	2,326	38,672
CHARITABLE EXPENDITURE
Grants			35,968	35,968		36,793	36,793
Governance			1,548	],548		1,578	1,578
Total Resources Expended			37,516	37,516		38,371	38,371
Transfer between Funds		(30,475)	30,475		(36,346)	36,346
Applied Total Return					(10,019)	10,019
NET OUTGOING RESOURCES			(6,227)	(6,227)	(10,019)	10,320	301
Unrealised gains/(losses)	on	175,738	4,817	180,555	(134,721)	(20,058)	(154,779)
investment assets
Realised gains/(losses)		(48,055)	(4,817)	(52,872)
NET MOVEMENT IN	FUNDS	127,683	(6,227)	121,456	(144,740)	(9,738)	(154,478)
Fund Balance at I Sept 2020		506,968	102,162	609,130	651,708	]11,900	763,608
FUND BALANCE AT		634,651	95)935	730,586	506,96S	102,162	609,130
31AUGUST 2021

	2021	2020
Fixed Asset Investments	725,696	598,328
Current Assets
Nominee Cash Account	5,988	11,870
	5,988	11,870
Less: Current Liabilities
Creditors	1,098	1,068
	1,098	1,068
NET CURRENT ASSETS	4,890	10,802
TOTAL ASSETSLESSCURRENT LIABILITIES	730,586	609,130
Endowment Funds	634,651	506,968
Restricted Funds	95,935	102,162
	730,586	609,130

	2021f		2020 f
NET CASH OUTFLOW FROM OPERATING ACTIVITIES	(37,4&6)		(38,353)
RETURNS ON INVESTMENTS
Income from investments	31,289		38,396
Interest Received (inc. VAT Reclaim Refund)			276
Sale ofinvestments	70,848
	102,137		38,672
FINANCIAL INVESTMENI'
Purchase ofInvestments	70,533		7,147
NET CASH (OUTFLOW)	(5,882)		(6,828)
RECONCILIATION OFNET OUTGOING RESOURCES TO
NET CASH FLOW FRO1VI OPERATIONS
Net Incoming/(Outgoing) Resources	(59,099)		301
investment! ncome	21,583		(38,672)
increase/(Decrease) in Creditors	30		18
NET CASH OUTFLOW FROM OPERATIONS	(37,486)		(38453)
ANALYSIS OF CHANGES IN NET CASH RESOURCES	I"Sept 2020	Movement	31"Ang 2021
			8
Cash at Bank and in hand	11)870	(5,882)	5,988

			2021	2021		2020
	Endowment f Restrictedf				Total Endowment f	Restricted f.	Total
At In September 2020		506,968		102,162	609,130 651,708	Iit,900	763,608
Movement in resources		127,683		(6,227)	121,456 (144,740)	(9,738)	(154,478)
As at 31n August 2021		634)651		95,935	730,586 506,968	102,162	609,130
. TOTALRETURN
Value ofpermanent endowment Value ofpermanent endowment		at 31"August at I"September	2020 1995		506,968 416,796
Unapplied total return held on I"September 2020	trust for application			as income	90,172
Increase in value ofpermanent	endowment in the			year	127,683
Balance ofunapplied total return					217,855
Applied from total return 2021
Balance ofunapplied total return		held on trust for application			217,855
as income 31n August 2021

NOTES TO THE FINANCIAL ST	ATEMENTS	ATEMENTS
FORTHE YEAR ENDED 31	AUGUST 2021 (continucdg
8. EXPENDITURE
					2021	2020
						f.
Administration ofthe charity includes:-
Auditors' Remuneration					1,098	1,068
Professional fees					450	510
					In548	1,578
9. SHORT TERM INVESTMENTS		(UK)
					2021	2020
Nominee Account					5,988	11,870
					5,988	11,870
10.CREDITORS
					2021	2020f
Accruals k Deferred Income					1,098	1,068
					1,098	1,068
11.ANALYSIS OF NET ASSETS
		Fixed Asset	Current	Assets	Liabilities	2021Total
		Investmentsf
Endowment		725,696		(91,045)		634,651
Restricted				97,033	(i,098)	95,935
		725,696		5,988	(1,098)	730,586