2020-12-31-accounts - Natwest Social & Community Capital

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

			Note	Unrestricted	Unrestricted
				Funds	Funds
				2020	2019
Income:
Donations and legacies				240,565	200,524
Income from charitable	activities:
Provision ofloan finance				67,304	146,673
Income from investments				12,873	28,730
Total income				320,742	375,927
Expenditure:
Expenditure on Charitable		activities:
Grants				1,509,405
Provision ofloan finance				402,322	426,234
Total expenditure				1,911,727	426,234
Net surplus/(deficit)				(1,590,985)	(50,307)
Net gains/(losses) on investments			10	236,144	423,938
Net movement in funds during the year				(1,354,841)	373,631
Reconciliation offunds
Total funds brought forward				12,044,335	11,670,704
Total funds carried forward			16	10,689,494	12,044,335

Income fr	om do	nat	ions and legacies
				2020	2019
Donations				5,014	5,000
Donations	—gifts	in	kind	235,551	195,524
				240,565	200,524

Income from charitable activities
	2020	2019
Loans interest receivable	58,661	137,093
Loan administration fees	8,643	9,580
	67,304	146,673
Income from investments
	2020	2019
Dividends receivable		525
Bank interest receivable	12,873	25,763
Other interest receivable		2,442
	12,873	28,730

and servic	es to vulnerable isolati	ng clients who were unable to attend	the borrowers' premises	in person.
Provision	ofloan finance		2020	2019
Latent provisioning			213,412	208,574
Insurance			1,180	1,180
Travel			369
Marketing	and public relations		906	12,884
Legal and	professional fees		4,667	(9,733)
Bank charges			1,508	455
Auditors'	remuneration		5,480	5,350
Portfolio	administrative services	and back office support	12,000	12,000
			239,522	230,710
Gifts in kind —Donated bank official time			68,000	72,598
Gifts in kind —Loan Officer and		associated costs	94,800	102,926
Gifts in kind —20~ Anniversary		celebrations		20,000
Provision	ofloan finance		402,322	426,234


8.	Analysis ofResources	Expended
				General	Governance	Total
				Support	Function
	insurance			1,180		1,180
	Marketing and public relations			906		906
	Travel			369		369
	Legal and professional	fees		20,867		20,867
	Bank charges			1,508		1,508
	Agency costs			23,076		23,076
	Auditors' remuneration				5,480	5,480
	Portfolio administrative	services	&back office support		12,000	12,000
				47,906	17,480	65,386
	Gifts in kind —Donated	bank official time		55,034	27,500	82,534
	Gifts in kind —20n Anniversary		grant costs	58,217		58,217
	Gifts in kind —Loan Officer and		associated costs	94,800		94,800
				255,957	44,980	300,937
9.	Net movement for the	year			2020	2019
	This is stated after charging
	Auditors' remuneration				5,480	5,350
10.	Fixed asset investments
				Programme	Mixed	Total
				related	motive	2020
				investment	investment
	Cost or valuation
	At 1 January 2020			247,750	2,357,905	2,605,655
	Revaluation Disposals At 31 December 2020			~2,000) 245,750	236,144 2,594,049	236,144 (2,000) 2,839,799
	Impairment
	At 1 January 2020 and
	At 31 December 2020			25,600		25,600
	Carrying amount
	At 1 January 2020			222,150	2,357,905	2,580,055
	At 31 December 2020			220,150	2,594,049	2,814,199

Investments comprise of-				Programme	Mixed	Total
				related	motive	2020
				investment	investment
Investments
The Charity Bank Limited				40,000		40,000
Black Country Reinvestment	Society Limited			20,000		20,000
East Lancashire Moneyline (IPS)Limited				40,000		40,000
Wessex Reinvestment Society	Limited			20,000		20,000
The Ethical Property Company		Limited		15,750		15,750
Portsmouth Area Regeneration	Trust (IPS)Limited			20,000		20,000
ICOF Community Capital Limited				10,000		10,000
Art Share (Social Help Association			for Reinvesting	20,000		20,000
in Enterprise) Limited
Derby Loans (IPS) Limited				20,000		20,000
London Rebuilding Society Limited				20,000		20,000
East End Fair Finance Limited				20,000		20,000
Equity Investments
COIF Charity Funds					2,000,000	2,000,000
Total investments				245,750	2,000,000	2,245,750
Provision for Gain I(Impairment)				~25,699	594,949	568,449
Net book value at31December		2020		220,150	2,594,049	2,814,199

Debtors
				2020	2019
Loan portfolio				2,123,092	2,202,960
Latent provisioning				(905,273)	(691,861)
Accrued	loan interest	and fees receivable		31,918	22,137
				1,249,737	1,533,236
Accrued	bank interest	receivable		1,633	1,711
Prepayments				7,884	192
				1,259,254	1,535,139
				2020	2019
Amounts	falling due	atter more than one year and included	in debtors	789,786	578,625

Summary ofcapital element ofloan portfolio
	2020	2019
		1
Balance at 1 January 2020	1,533,236	1,755,312
New loans during the year	708,285	804,928
Interest and fees charged	67,304	146,673
Capital, interest and fee repayments Latent provisioning	(845,676) ~(233,432	(965,103) ~288.874
Balance at 31 December 2020	1,249,737	1,533,236

Creditors: amounts falling due within one year
	2020	2019
Trade creditors	32,584	1,000
Accruals	5,400	5,320
Grants payable	46,420
	84,404	6,320

The balance of110,689,494 (2019f12,044,355 follows:	) on the unrestricted fund at the balance sheet dat	e was held as
	2020	2019
Investments	2,814,199	2,580,055
Loan portfolio	1,249,737	1,533,236
Cash at bank	6,700,445	7,935,461
Other debtors Other creditors	9,517 ~(84,484	1,903 (6,320)
	10,689,494	12,044,335

ended 31 December 2020 were	as follows
		2020	2019
Income
Gifts in kind		235,551	195,524
Donation		5,014	5,000
		240,565	200,524
Expenses
Gifts in kind —Donated bank official time		82,534	72,598
Gifts in kind —Loan Officers and associated costs		94,800	102,926
Gifts in kind —20u Anniversary	celebrations		20,000
Gifts in kind —20u Anniversary	grant costs	58,217
		235,551	195,524