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|Charity Address|Charity Address|Farraday
House||||
|---|---|---|---|---|---|
|||Bridge Road||||
|||Bury BL9OHG||||
|Bankers||Barclays Bank Plc||||
|||I Central Street||||
|||The Rock||||
|||Bury
BL9OJN||||
|Auditors||Horsfield & Smith||||
|||Chartered
Accountants||&Registered|Auditor|
|||Tower House||||
|||269 Walmersley|Road|||
|||Bury BL96NX||||
|Investment|Advisers|James Sharp &Co||||
|||Exchange House||||
|||Knowsley
Street||||
|||Bury BL90ST||||
|Legal Advisers||Womble Bond Dickinson (UK) LLP||||
|||St Ann's Wharf||||
|||112Quayside||||
|||Newcastle
upon|Tyne|NEI 3DX||
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||||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||||||||
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||Note|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|
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||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|
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||||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||||||||
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|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|
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|||2021|2020|
|---|---|---|---|
|EQUITY INVESTMENTS||||
|13Ppic||1,081|2,287|
|City Merchants||1,945|1,750|
|City ofLondon Investment|Trust|307||
|CQS New City High Yield||4,023|5,319|
|Edinburgh||2,865|2,865|
|Glaxosmithkline||2,240|2,240|
|Henderson
High Income||1,782|1,782|
|Lloyds TSB||133|261|
|Merchants||2,992|2,992|
|Royal Dutch Shell||2,171|5,465|
|Scottish Inv||2,574|3,416|
|Sequoia Economic Infrast||2,543|3,191|
|SSE||1,206|1,383|
|United Utilities||1,167|1,150|
|Vodafone||1,251|1,261|
|Witan Investment||3,009|3,034|
|||31,289|38)396|