| PAGES | |||||
|---|---|---|---|---|---|
| Trustees' | annual report | (incorporating | the director's report) | Ito5 | |
| Independent auditor's |
report to the members | 6to8 | |||
| Statement | offinancial | activities (including | income and expenditure | ||
| account) | |||||
| Statement | offinancial | position | 10 | ||
| Statement | ofcash flows | ||||
| Notes to | the financial | statements | 12to 18 |
| harity ha | s the fol | lowing non-char |
itable operating s |
ubsidiaries: | |
|---|---|---|---|---|---|
| Company | Registration | Percentage | |||
| Number | Shareholding | ||||
| Ablepine | Limited | 03348395 | 100% | ||
| Apexrule | Limited | 02731713 | 100% | ||
| Gillis Properties | Limited | 04785100 | 100% |
| YEAR ENDED | 30SEPTE | MBER2020 | MBER2020 | ||
|---|---|---|---|---|---|
| 2020 | 2019 | ||||
| Unrestricted | |||||
| funds | Total funds | Total funds | |||
| Note | |||||
| Income and endowments | |||||
| Donations and legacies |
5 | 315,000 | 315,000 | 901,000 | |
| Investment income |
6 | 1,522 | 1,522 | 1,840 | |
| Total income | 316,522 | 316,522 | 902,840 | ||
| Expenditure | |||||
| Expenditure on charitable |
activities | 7&8 | (423,171) | (423,171) | (362,530) |
| Total expenditure | (423,171) | (423&171) | (362,530) | ||
| Net gains on investments | 11 | 3,267 | 3,267 | 92,380 | |
| Net (expenditure)/income | and net movement | in funds | (103,382) | (103482) | 632,690 |
| Reconciliation offunds |
|||||
| Total funds brought forward |
6,366,319 | 6,366,319 | 5,733,629 | ||
| Total funds carried forward | 6,262,937 | 6,262,937 | 6,366,319 |
| 30SEP | TEMBER20 | 20 | |||||
|---|---|---|---|---|---|---|---|
| 2020 | 2019 | ||||||
| Nate | |||||||
| Fixed assets | |||||||
| Investments | 14 | 5,288,638 | 5,285,371 | ||||
| Current assets |
|||||||
| Debtors | 15 | 16,000 | 16,000 | ||||
| Cash at bank | and in hand | 981,149 | 1,087,798 | ||||
| 997,149 | 1,103,798 | ||||||
| Creditors: amounts | falling due | ||||||
| within one year | 16 | (22,850) | (22,850) | ||||
| Net current | assets | 974,299 | 1,080,948 | ||||
| Total assets | less current liabilities | 6,262,937 | 6,366,319 | ||||
| Funds ofthe | charity | ||||||
| Unrestricted | funds | 6,262,937 | 6,366,319 | ||||
| Total charity | funds | 17 | 6,262,937 | 6,366,319 |
| 2020 | 2019 | |||||
|---|---|---|---|---|---|---|
| Cash flows from operating | activities | |||||
| Net (expenditure)/income | (103,382) | 632,690 | ||||
| Adjustments for: | ||||||
| Net gains on investments | (3,267) | (92,380) | ||||
| Other interest receivable | and similar income | (1,522) | (I,840) | |||
| Interest payable and similar |
charges | 8 | ||||
| Changes in: | ||||||
| Trade and other debtors | 18,000 | |||||
| Trade and other creditors | 20,090 | |||||
| Cash generated from operations |
(108,171) | 576,568 | ||||
| Interest paid | (8) | |||||
| Interest received | 1,522 | 1,840 | ||||
| Net cash (used in)/from | operating | activities | (106,649) | 578,400 | ||
| Net (decrease)/increase | in | cash | and cash | equivalents | (106,649) | 578,400 |
| Cash and cash equivalents | at beginning | ofyear | 1,087,798 | 509,398 | ||
| Cash and cash equivalents | at end ofyear | 981,149 | 1,087,798 |
| DONATIO | NS AND LEGAC |
IES | |||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2020 | Funds | 2019 | ||
| Donations | |||||
| Donations | received | 315,000 | 315,000 | 901,000 | 901,000 |
| Unrestricted | Total | Funds | Unrestricted | Total | Funds | |||
|---|---|---|---|---|---|---|---|---|
| Funds | 2020 | Funds | 2019 | |||||
| Bank | interest | receivable | 1,522 | 1&522 | 1,840 | 1,840 |
| EXPEND | ITURE ON CHA | RITABLE ACTIVITIE | S BYFUND T | YPE | |
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2020 | Funds | 2019 | ||
| Donations | paid | 420,120 | 420,120 | 359,290 | 359,290 |
| Support costs | 3,051 | 3,051 | 3,240 | 3,240 | |
| 423,171 | 423,171 | 362,530 | 362,530 |
| EXPENDI | TURE ON CHARITABLE | ACTIVITIE | S BYACTIVI | TY TYPE | |
|---|---|---|---|---|---|
| Grant | |||||
| funding of | Total funds | Total fund | |||
| activities | Support costs | 2020 | 2019 | ||
| f, | |||||
| Donations | paid | 420,120 | 420,120 | 359,290 | |
| Governance | costs | 3,051 | 3,051 | 3,240 | |
| 420,120 | 3,051 | 423,171 | 362,530 | ||
| ANALYSIS OF SUPPORT COSTS | |||||
| Total 2020 | Total 2019 | ||||
| Governance | costs | 3,051 | 3,240 |
| 11. | NET GAINS ON IN | VESTMENTS | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2020 | Funds | 2019 | |||
| Gains on investments | in group | |||||
| undertakings | 3,267 | 3,267 | 92,380 | 92,380 | ||
| 12. | AUDITORS REMUNERATION | |||||
| 2020 | 2019 | |||||
| f, | ||||||
| Fees payable for the | audit ofthe financial | statements | 2,850 | 2,850 |
| YEAR ENDED 30SE INVESTMENTS |
PTEMBER2020 | ||
|---|---|---|---|
| Shares in | |||
| group | Other | ||
| undertakings | investments | Total | |
| Fair value | |||
| At 1 October 2019 | 5,192,682 | 92,689 | 5,285,371 |
| Additions | |||
| Fair value movements | 3,279 | (12) | 3,267 |
| At 30September 2020 | 5,195,961 | 92,677 | 5,288,638 |
| Impairment | |||
| At I October 2019and 30September 2020 | |||
| Carrying amount |
|||
| At 30September 2020 | 5,195,961 | 92,677 | 5,288,638 |
| At 30 September 2019 | 5,192,682 | 92,689 | 5,285,371 |
| Aggregate capita |
l and reserves | |||
|---|---|---|---|---|
| 2020 | 2019 | |||
| Ablepine Limited |
339,630 | 340,252 | ||
| Apexrule Limited |
4,469,594 | 4,480,657 | ||
| Gillis Properties | Limited | 386,837 | 371,873 | |
| Profit/Loss for the year | ||||
| 2020 | 2019 | |||
| Ablepine Limited |
(15-month prior period) | (622) | (823) | |
| Apexrule Limited |
(18-month prior period) | (11,063) | 93,701 | |
| Gillis Properties | Limited | 14,964 | (487) | |
| 15. | DEBTORS | |||
| 2020 | 2019 | |||
| Other debtors | 16,000 | 16,000 |
| CREDITORS | : am | ounts falling due within |
one year | |||
|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||
| Other creditors | 22,850 | 22,850 | ||||
| ANALYSIS OF CHARITABLE FUNDS | ||||||
| Unrestricted | funds | |||||
| At | At 30 | |||||
| 1 October | Gains and | September | ||||
| 2019 | Income | Expenditure | losses | 2020 | ||
| General funds | 6,366,319 | 316,522 | (423,171) | 3,267 | 6,262,937 | |
| At | At 30 | |||||
| 1 October | Gains and | September | ||||
| 2018 | Income | Expenditure | losses | 2019 | ||
| General funds | 5,733,629 | 902,840 | (362,530) | 92,380 | 6,366,319 | |
| ANALYSIS OFNET ASSETS BETWEEN FUNDS | ||||||
| Unrestricted | Total Funds | |||||
| Funds | 2020 | |||||
| Investments | 5,288,638 | 5,288,638 | ||||
| Current assets | 997,149 | 997,149 | ||||
| Creditors less |
than | 1 year | (22,850) | (22,850) | ||
| Net assets | 6,262,937 | 6,262,937 | ||||
| Unrestricted | Total Funds | |||||
| Funds | 2019 | |||||
| Investments | 5,285,371 | 5,285,371 | ||||
| Current assets | 1,103,798 | 1,103,798 | ||||
| Creditors less |
than | 1 year | (22,850) | (22,850) | ||
| Net assets | 6,366,319 | 6,366,319 | ||||
| ANALYSIS OF CHANGES IN NET DEBT | ||||||
| At | At | |||||
| 1 Oct 2019 | Cash flows | 30Sep 2020 | ||||
| Cash at bank and in | hand | 1,087,798 | (106,649) | 981,149 |