**Charity Registration No. 1066520** ## **THE CARRIEJO CHARITABLE TRUST** **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2020** ## **THE CARRIEJO CHARITABLE TRUST** ## **CONTENTS** ||**Page**| |---|---| |Legal and administrative information|1| |Trustees' report|2 - 4| |Statement of trustees' responsibilities|5| |Independent examiner's report|6| |Statement of financial activities|7| |Statement of financial position|8| |Statement of cash flows|9| |Notes to the financial statements|10 - 16| |Investment schedule|17| ## **THE CARRIEJO CHARITABLE TRUST** ## **LEGAL AND ADMINISTRATIVE INFORMATION** **Trustees** Mrs Mary Philipson Marchioness of Donegall Mrs Joanna Lascelles **Secretary** Rathbone Trust Company Limited **Charity number** 1066520 **Registered office / address for appeals** 8 Finsbury Circus London EC2M 7AZ **Independent examiner** David Matkins FCA Bourner Bullock Chartered Accountants 114 St Martin's Lane Covent Garden London WC2N 4BE **Bankers and investment managers** Rathbones Investment Management Limited 8 Finsbury Circus London UK EC2M 7AZ - 1 - ## **THE CARRIEJO CHARITABLE TRUST** ## **TRUSTEES' REPORT** ## _**FOR THE YEAR ENDED 30 NOVEMBER 2020**_ The trustees present their annual report and financial statements for the year ended 30 November 2020. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's deed, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)”. ## **Objectives and activities** The trustees hold unrestricted funds from which they make donations for or towards such charitable purposes and to make donations to such charitable bodies or institutions at such times and in such manner as the trustees may, in their absolute discretion, think fit. Other than the operation of the investment portfolio no other fund raising activity is undertaken to support the work of the charity. The aims of the charity are to apply, at the discretion of the trustees, grants to organisations in furtherance of the charity's objectives. The charity is essentially investment based and the trustees consider the funds held as defined as capital and income and hold those funds with a view to distributing the income generated from the investment portfolio and, as far as may be necessary, the capital for or towards the grants the trustees have decided to make. ## **Public benefit** The trustees have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission. The trustees support a number of charitable organisations, as shown within note 19 to the financial statements. The Trustees believe all the donations made are for the benefit of the public. ## **Charitable activities** The trust is solely involved in grant making, and as such, the activities it undertakes pertain to raising and maintaining funds for the application of its chosen grants. ## **Grant making policy** The trustees meet annually to review applications for funding. Only successful applicants are notified of the trustees' decision. Certain charities are supported annually, although no commitment is given. During the year under review, the trustees resolved to support 38 individual charities. A detailed schedule of donations is provided in note 19 to these accounts. All the grant payments were to charitable institutions. The trustees' current policy is to make regular payments to a number of national and local charities with which they have long established connections. The trustees also reserve a proportion of their income resources to enable them to make ad hoc larger donations when approached for funding from those charities with which they are more closely involved. ## **Achievements and performance** During the year the trust generated sufficient income from the investments held and a grant from the MacdonaldBuchanan Charitable Trust to apply towards its chosen grants for the year. - 2 - ## **THE CARRIEJO CHARITABLE TRUST** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 30 NOVEMBER 2020**_ ## **Investment performance** As at 30 November 2020, the portfolio was valued at £52,218 with an estimated gross annual income of £1,260 or a yield of 2.41%. Over the year the investment portfolio for the Charity rose 0.92% in capital value, compared to the MSCI PIMFA Balanced Benchmark which fell -1.00%. In total return terms, the portfolio returned 3.69% as compared to the MSCI PIMFA Balanced Total Return Benchmark, which rose 1.02%. Over the 12 month period to 30th November 2020 the portfolio returns disguise the high level of volatility we saw over the year as markets delt with the impacts of Covid. Markets initially fell sharply in March and April as the global economy closed down almost entirely due to Covid-19. As we emerged from 'lockdown' it is encouraging to see that markets have recovered, led by the strength of the US market, reflecting the sizable support from central banks and hopes for a gradual improvement in the global economy. Markets have ended the period on a strong note helped by good news regarding the development of vaccines, the Democrat victory in the US election and a hope of a possible resolution of Brexit. Over the period we reduced some equity exposure in the UK and sold all fixed income exposure, given the low yield and interest rate environment. We reinvested the proceeds into a global income fund. There is 88% invested in equities of which 30% is invested in the UK and 58% overseas. There is 11% invest in diversifiers and a small balance in cash. ## **Financial review** Total incoming resources were £36,323 (£26,258 in 2019), with £26,020 (£27,700 in 2019) being committed to charitable activities of which £1,920 (£1,300 in 2019) relates to support and governance costs. Costs of fundraising amounted to £146 (£135 in 2019), There was an unrealised gain of £832 (gain of £2,416 in 2019) on investments and in addition a realised loss of £399 (loss of £98 in 2019) resulting in net inflow of funds of £10,590 (inflow of £741 in 2019). ## **Reserves** The trustees have a balanced investment policy and therefore distribute income on an annual basis and retain capital for the maintenance and growth of the Fund. The trustees have full and unrestricted powers to distribute all or any part of the capital if they so desire. ## **Investment policy** The investment objective for the Charity is for a balance between capital growth and income over the long-term, within a medium-risk profile as defined by Rathbone's Terms of Business. ## **Risks** The trustees recognise the risk associated with investment in mainstream financial markets and accept this risk in return for the prospect of greater returns over the longer term. The trustees are satisfied that systems are in place to mitigate exposure to major risks and continue to review the adequacy of the systems in place. ## **Plans for future periods** The trustees do not envisage any significant changes to their aims and objectives and they intend to continue supporting the various causes to a similar level. ## **Structure, governance and management** The trust was created by a charitable trust deed dated 11 June 1997. The trustees are to hold the capital and income of the trust fund upon trust to apply the income, and as far as may be necessary, the capital for and towards such charitable objects and purposes and to make donations to such charitable bodies or institutions in the United Kingdom or any other part of the world at such times and in such manner as the trustees may in their absolute discretion think fit. - 3 - ## **THE CARRIEJO CHARITABLE TRUST** ## **TRUSTEES' REPORT (CONTINUED)** ## _**FOR THE YEAR ENDED 30 NOVEMBER 2020**_ The trustees who served during the year were: Mrs Mary Philipson Marchioness of Donegall Mrs Joanna Lascelles ## **Recruitment and appointment of new trustees** The continuing trustees have the power to appoint new or additional trustees to act jointly with them as they see fit. ## **Organisation and decision making structure** The trustees meet annually to consider applications for funding, investment performance, income levels and the financial statements. In between trustee meetings the applications are considered and a full presentation is made at the annual meeting. ## **Induction and training of trustees** Incoming trustees are to be made aware of their responsibilities and the trust's objectives from the existing trustees and their other professional advisors at the date of their appointment. The trustees are also to be kept up to date on relevant matters by their professional advisors. Trustees will be selected based on their connection with the current trustees in accordance with their skills. ## **The Accounts** The trustees are satisfied with the financial position of the Charity and confirm that they have adequate assets available to fulfil their obligations and the accounts comply with current statutory requirements. The trustees' report was approved by the Board of Trustees. Marchioness of Donegall ## **Trustee** 21 September 2022 - 4 - ## **THE CARRIEJO CHARITABLE TRUST** ## **STATEMENT OF TRUSTEES' RESPONSIBILITIES** _**FOR THE YEAR ENDED 30 NOVEMBER 2020**_ The trustees are responsible for preparing the Trustees' Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year. The trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of the affairs of the charity and of the incoming resources and applications of resources, including the income and expenditure, of the charity for the period. In preparing these accounts, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; and - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements. - prepare the accounts on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation. The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. - 5 - ## **THE CARRIEJO CHARITABLE TRUST** ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CARRIEJO CHARITABLE TRUST** I report to the trustees on my examination of the financial statements of The Carriejo Charitable Trust (the charity) for the year ended 30 November 2020 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and related notes. This report is made solely to the Charity’s Trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the Charity’s Trustee those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity’s Trustees as a body, for my work, for this report, or for the opinions I have formed. ## **Responsibilities and basis report** As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no opinion as to whether the financial statements present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement. ## **Independent examiner's statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - (i) accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or - (ii) the financial statements do not accord with those records; or - (iii) the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. ............................................... **David Matkins FCA** Bourner Bullock Chartered Accountants 114 St Martin's Lane Covent Garden London WC2N 4BE Dated: 21 September 2022 - 6 - ## **THE CARRIEJO CHARITABLE TRUST** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 30 NOVEMBER 2020**_ |**Notes**
**Income**
Donations and legacies
**3**
Investments
**4**
**Total income**
**Expenditure**
Raising funds
**5**
Charitable activities
**6**
**Total resources expended**
**Net income before investment (losses)/gains**
Net gains/(losses) on investments
**11**
**Net movement in funds**
Fund balances at 1 December 2019
**Fund balances at 30 November 2020**|**2020**
**£**
35,000
1,323
36,323
146
26,020
26,166
10,303
433
10,590
65,394
75,984|**2019**
**£**
25,000
1,258
26,258
135
27,700
27,835
(1,442)
2,318
741
64,653
65,394| |---|---|---| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. - 7 - ## **THE CARRIEJO CHARITABLE TRUST** ## **STATEMENT OF FINANCIAL POSITION** ## _**AS AT 30 NOVEMBER 2020**_ |**Notes**
**Fixed assets**
Investments
**12**
**Current assets**
Debtors
**13**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**14**
Net current assets
**Total assets less current liabilities**
**Income funds**
Unrestricted funds|**2020**
**£**
-
25,406
25,406
(1,640)|**£**
52,218
23,766
75,984
75,984
75,984|**2019**
**£**
64
14,732
14,796
(1,300)|**£**
51,898
13,496| |---|---|---|---|---| |||||65,394| |||||65,394| |||||65,394| The financial statements were approved by the board of Trustees and authorised for issue on 21 September 2022 and are signed on its behalf by: **Marchioness of Donegall** Trustee **Dated: 21 September 2022** - 8 - ## **THE CARRIEJO CHARITABLE TRUST** ## **STATEMENT OF CASH FLOWS** ## _**FOR THE YEAR ENDED 30 NOVEMBER 2020**_ |**Notes**
**Cash flows from operating activities**
Cash generated from/(absorbed by)
operations
**16**
**Investing activities**
Purchase of investments
Proceeds on disposal of investments
Dividends and interest received from investments
**Net cash generated from/(used in)**
**investing activities**
**Net increase/(decrease) in cash and cash**
**equivalents**
Cash and cash equivalents at beginning of year
**Cash and cash equivalents at end of year**
**18**|**2020**
**£**
(4,510)
4,542
1,387|**2019**
**£**
**£**
**£**
9,238
(2,735)
(24,092)
14,700
1,194
1,419
(8,198)
10,657
(10,933)
15,506
26,439
26,163
15,506| |---|---|---| - 9 - **THE CARRIEJO CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 NOVEMBER 2020**_ ## **1 Accounting policies** The charity was created by deed on 11 June 1997 and is an unincorporated charity. ## **Charity information** The Carriejo Charitable Trust is a registered charity. Charity number 1066520. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the charity's trust deed, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Second Edition)’rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. ## **1.2 Going concern** The trustees consider there are no material uncertainties about the charity’s ability to continue as a going concern. The review of our financial position, reserves levels and future plans gives Trustees confidence the charity remains a going concern for the foreseeable future. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. ## **1.4 Incoming resources** Investment income is accounted for on an accruals basis in the period to which it relates. Donations received by the trust include the related gift aid credit where applicable. Donations are accounted for when any conditions for receipt have been met and there is reasonable assurance of receipt. ## **1.5 Debtors** Debtors are receivable at their expected settlement amount. ## **1.6 Cash and cash equivalents** Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. ## **1.7 Creditors** Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any discounts due. - 10 - ## **THE CARRIEJO CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 NOVEMBER 2020**_ ## **1 Accounting policies** ## **(Continued)** ## **1.8 Resources expended** Management and administration costs comprise those costs incurred in running the charity. They have been apportioned on the basis of time spent between charitable activities, cost of raising funds and governance costs. Grants are included in the financial statements when approved by the trustees and notified to recipients. The value of committed grants unpaid at the year end is accrued. Grants offered that are subject to conditions that have not been met at the year end are noted as a commitment but not accrued as expenditure. Governance costs consist of those costs associated with the overall running of the charity and meeting statutory and regulatory requirements. ## **1.9 Financial instruments** Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in net income/(expenditure), except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment. The trustees do not invest in any complex financial instruments. ## **1.10 Investments** Fixed assets investments represent listed investments which are stated at market valuation, where market value represents the mid market value on the last trading day before the year end. Any unrealised or realised gains arising from investments are accounted for in the Statement of Financial Activities. ## **2 Critical accounting estimates and judgements** In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. ## **3 Donations and legacies** ||**2020**|**2019**| |---|---|---| ||**£**|**£**| |Macdonald-Buchanan Charitable Trust|35,000|25,000| - 11 - ## **THE CARRIEJO CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 NOVEMBER 2020**_ |**4**
**Investments**
Income from listed investments
**5**
**Raising funds**
Investment management
**6**
**Charitable activities**
Grant funding of activities (see note 7)
Share of governance costs (see note 8)
**7**
**Grants payable**
Children
Disabled
General
Medical & Research
Welfare
Hospices
Animals
Forces|**2020**
**£**
1,323
**2020**
**£**
146
146
**2020**
**£**
24,100
1,920
26,020
**2020**
**£**
-
1,600
-
11,000
9,500
2,000
-
-
24,100|**2019**
**£**
1,258| |---|---|---| |||2019
£
135| |||135| |||**2019**
**£**
26,400
1,300| |||27,700| |||**2019**
**£**
2,400
2,000
4,600
7,800
4,400
1,200
1,600
2,400| |||26,400| All of the above grants were payable to institutions - 12 - ## **THE CARRIEJO CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 NOVEMBER 2020**_ |**8**
**Support costs**
**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Independent examiner's fees
-
1,900
Bank charges
20
-
20
1,900|**2020**
**£**
1,900
20
1,920|**2019 Basis of**
**allocation**
**£**
1,300 Governance
-
1,300| |---|---|---| ## **9 Trustees** None of the trustees (or any persons connected with them) received any remuneration, benefits or reimbursed expenses from the charity during the year. ## **10 Employees** There were no employees during the year, or the previous year. ## **11 Net gains/(losses) on investments** |Unrealised gain/(loss) on revaluation
(Loss) on sale of investments|**2020**
**£**
832
(399)
433|**2019**
**£**
2,416
(98)
2,318| |---|---|---| - 13 - ## **THE CARRIEJO CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 NOVEMBER 2020**_ ## **12 Fixed asset investments** |**Listed**
**investments**
**Cash in**
**portfolio**
**£**
**£**
**Cost or valuation**
At 30 November 2019
51,124
774
Additions
4,510
-
Realised loss
-
(81)
Unrealised gain
832
-
Realised gain/(loss)
(399)
-
Disposals
(4,542)
-
At 30 November 2020
51,525
693|**Total**
**£**
51,898
4,510
(81)
832
(399)
(4,542)| |---|---| ||52,218| ## **Investments representing more than 5% of the portfolios total market value:** |**Investment**
**Units**
**Market Value**
**% of Total**
**£**
**Market Value**
Capita Financial Managers
1,555
5,657
10.97%
Edinburgh Worldwide
1,900
6,109
11.85%
Evenlode Inv Mgmt Ltd
2,500
5,564
10.80%
Fil Investment Services (UK) Ltd
3,000
6,108
11.85%
Link Fund Solutions Ltd
4,700
4,430
8.60%
M&G Investment Management
3,000
7,403
14.37%
Scottish Investment Trust
800
5,600
10.88%
T Bailey Fund Services Ltd
4,000
4,954
9.61%
Threadneedle Investment Funds 4,300
5,700
11.07%
Listed investments
Cash in investment portfolio
Historic cost of investments
**13**
**Debtors**
**Amounts falling due within one year:**
Investment income due|**2020**
**£**
51,525
693
52,218
39,261
**2020**
**£**
-|**2019**
**£**
51,124
774| |---|---|---| |||51,898| |||39,746| |||**2019**
**£**
64| - 14 - ## **THE CARRIEJO CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 NOVEMBER 2020**_ |**14**|**Creditors: amounts falling due within one year**||| |---|---|---|---| |||**2020**|**2019**| |||**£**|**£**| ||Independent examiners fee|1,640|1,300| |**15**|**Related party transactions**||| ||Mrs Mary C A Philipson and Mrs Joanna C Lascelles are also trustees of the Macdonald-Buchanan||Charitable| ||Trust, which has made a donation to the Charity of £35,000 during the year (£25,000 in 2019).||| |**16**|**Cash generated from operations**||| Mrs Mary C A Philipson and Mrs Joanna C Lascelles are also trustees of the Macdonald-Buchanan Charitable Trust, which has made a donation to the Charity of £35,000 during the year (£25,000 in 2019). |**14**
**Creditors: amounts falling due within one year**
**2020**
**2019**
**£**
**£**
Independent examiners fee
1,640
1,300
**15**
**Related party transactions**
Mrs Mary C A Philipson and Mrs Joanna C Lascelles are also trustees of the Macdonald-Buchanan Charitable
Trust, which has made a donation to the Charity of £35,000 during the year (£25,000 in 2019).
**16**
**Cash generated from operations**|**14**
**Creditors: amounts falling due within one year**
**2020**
**2019**
**£**
**£**
Independent examiners fee
1,640
1,300
**15**
**Related party transactions**
Mrs Mary C A Philipson and Mrs Joanna C Lascelles are also trustees of the Macdonald-Buchanan Charitable
Trust, which has made a donation to the Charity of £35,000 during the year (£25,000 in 2019).
**16**
**Cash generated from operations**|**2019**
**£**
1,300| |---|---|---| |Surplus for the year
Adjustments for:
Investment income recognised in profit or loss
Loss on disposal of investments
Unrealised gains and losses on investments
Movements in working capital:
Decrease in debtors
Increase in creditors
**Cash generated from/(absorbed by) operations**
**17**
**Analysis of changes in net funds**
The charity had no debt during the year.
**18**
**Cash and cash equivalents**
Cash at bank and in hand
Rathbones capital account|**2020**
**£**
10,590
(1,323)
399
(832)
64
340
9,238
**2020**
**£**
25,406
693
26,099|**2019**
**£**
741
(1,258)
98
(2,416)
-
100| |||(2,735)| |||**2019**
**£**
14,732
774| |||15,506| - 15 - ## **THE CARRIEJO CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 NOVEMBER 2020**_ ## **19 Donations made during the year** |ABF - The Soldiers Charity
Addington Fund
Age UK
Anglian Air Ambulance
Alzheimer's Research UK
Bowel Disease Research Foundation
BREAK
Breast Cancer Haven
CAF
Changing Faces
Cure Parkinsons
East Anglia's Children's Hospices
Erskine Hospital
FareShare
Fight for Sight
Great North Air Ambulance Service
Headway - The Brain Injury Association
Home-Start Essex in Uttelsford
ICVI - The Institute for Cancer Vaccines and Immunotherapy
Juvenile Diabetes Research Foundation
Lavender Trust
Lyme Disease Action
MacMillan Cancer Support
Margaret Kerr Unit
Marie Curie Cancer Care
MIND
MND Association
Mobility Trust
MS Society (Borders Branch)
National Emergencies Trust
RDA (Borders)
RDA (Essex)
Respite Association
RNIB (Talking Books)
Roy Castle Lung Cancer Foundation
Royal Osteoporosis
St Clare Hospice
Trinity Hospice
Versus Arthritis (Previously Arthritis Care)|**2020**
**£**
500
2,000
500
500
500
500
500
1,500
500
500
500
500
2,000
500
500
500
500
500
500
500
500
500
500
500
500
500
400
500
2,000
400
400
500
400
500
500
500
500
500| |---|---| ||24,100| - 16 - ## **THE CARRIEJO CHARITABLE TRUST** ## **INVESTMENT SCHEDULE** ## _**FOR THE YEAR ENDED 30 NOVEMBER 2020**_ **Holding Market Value Additions Disposals Realised Unrealised Holding Market Value Gross Income 1 December 1 December Quantity Cost Quantity Proceeds Profit/(loss) Profit/(loss) 30 November 30 November 2019 2019 2020 2020 £ £ £ £ £ £ £ £** - 17 -