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|||Page|
|---|---|---|
|Business Information|||
|Report of the Trustees|||
|Independent
Examiner's|Report||
|Statement of Financial Activities|||
|Balance Sheet||10|
|Notes tothe Financial Statements||12|
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|BUSINE|BUSINE|SS INFORMATION|
|---|---|---|
|DIRECTORS:||D. I. Firth (resigned 10October 2019)
J.L.Wiley
J.H. Marryat (appointed 17October 2019)
W. Grtffiths (resigned 31 January 2020)|
|PATRONS:||The Lord St.Oswald|
|||The Hon. Simon Howard|
|||Trevor Gurney,
FCA|
|||Christine
Talbot|
|||Ashley Jackson|
|||Prof. Alex M. Davtson,
RD, MD, FRCP|
|||Danni Hewson|
|||Matthew
Lewis|
|||Kevin Sinfield MBE|
|||Stuart Andrew
MP|
|||Professor Graham
A. Leslie Hon DBA, CBE|
|||Baroness Haleh Afshar OBE,FScSS|
|SECRETARY:||Rachel Dunhill
MAAT, ACA|
|REGISTERED|OFFICE:|StPeg's Mill|
|||Brighouse|
|||West Yorkshire|
|||HD6 4AH|
|BANKERS:||Yorkshire Bank PLC|
|||94-96 Briggate|
|||Leeds|
|||LS1 6NP|
|INVESTMENT FUND MANAGERS:||Brewin Dolphin Securities Limited
P0Box512|
|||National
House|
|||36StAnn Street|
|||Manchester,
M60 2EP|
|INDEPENDENT|EXAMINER:|Daniel Brownhill
FCA, FMAAT|
|||Integra Advisers
LLP|
|||1 Westleigh
Hall|
|||Wakefield
Road|
|||Denby Dale|
|||Huddersfield|
|||HD8 8QJ|
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|||Notes|Unrestricted
Funds|Restricted Funds|Total|Total|
|---|---|---|---|---|---|---|
||||||2020|2019|
|INCOME:|||||||
|Donations
and legacies
Other trading
activities
Investments
Other —JRSgrant|||19,049
9,783
25,156
13,776||19,049
9,783
25,156
13,776|95,600
33,299
30,991|
|TOTAL INCOME|||67,764||67,764|159,890|
|EXPENDITURE:|||||||
|Cost of raising funds
Charitable
activities
Other||5
7
10|63,329
128,298|(30)|63,329
128,268|42,435
31,453
110|
|TOTAL EXPENDITURE|||191,627|(30)|191,597|73,998|
|Net (expenditure)/income|and||||||
|Net movement
in funds before
gains and losses in investments|||(123,863)|30|(123,833)|85,892|
|Net gains on investments|||16,833||16,833|44,745|
|Net (expenditure)/income
and net
Movement
in funds for the year|||(107,030)|30|(107,000)|130,637|
|Total funds brought
forward|||1,341,553|38,099|1,379,652|1,249,015|
|Total funds cardied forward|||1,234,523|38,129|1,272,652|1,379,652|
##
||Notes|Unrestricted|Funds|Ress'icted Funds|Total|Total|
|---|---|---|---|---|---|---|
||||||2020|2019|
|FIXEDASSETS|||||||
|Investments|11|1,500,318||46,767|1,547,085|1,539,266|
|CURRENT ASSETS|||||||
|Debtors
Cash at bank and in hand|12
13|266||19,696|266
19,696|1,215
80,554|
|Total current assets||266||19,696|19,962|81,769|
|CREDITORS Amounts|||||||
|falling due within one year|14|(265,831)||(28,334)|(294,165)|(241,383)|
|NET CURRENT LIABILITIES||(265,565)||(8,638)|(274,203)|(159,614)|
|NET ASSETSLESSCURRENT|||||||
|LIABILITIES||1,234,753||38,129|1,272,882|1,379,652|
|CREDITORS Amounts|||||||
|falling due after one year|15|(230)|||(230)||
|NET ASSETS||1,234,523||38,129|1,272,652|1,379,652|
|The funds ofthe charity:|||||||
|Restricted
income funds
Unrestricted
income funds|17|1,234,523||38,129|38,129
1,234,523|38,099
1,341,553|
|||1,234,523||38,129|1,272,652|1,379,652|
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|3.|OTHER TRADING ACTIVITIES|OTHER TRADING ACTIVITIES|OTHER TRADING ACTIVITIES|OTHER TRADING ACTIVITIES|OTHER TRADING ACTIVITIES|||||
|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Restricted|Total|Total|
|||||||Funds|Funds|Funds|Funds|
|||||||||2020|2019|
||||||||||6|
||Dinner dance||income|||8,795||8,795|20,549|
||Fund raising events|||||988||988|12,750|
|||||||9,783||9,783|33,299|
|4.|INVESTMENT|||||||||
|||||||Unrestricted|Restricted|Total|Total|
|||||||Funds|Funds|Funds|Funds|
|||||||||2020|2019|
|||||||||6|E|
||Investment|income||||25,152||25,152|30,987|
||Bank interest|||||4||4|4|
|||||||25,156||25,156|30,991|
|5.|COSTS OF|GENERATING||||||||
||VOLUNTARY||INCOME|||||||
|||||||Unrestricted|Restricted|Total|Total|
|||||||Funds|Funds|Funds|Funds|
|||||||||2020|2019|
|||||||||6||
||Dinner dance costs|||||6,920||6,920|7,308|
||Advertising|||||6,160||6,160|6,704|
||Fundraising|events||||818||818|2,275|
||Fundraising|consultancy||||10,454||10,454||
||Collection boxes||||||||13|
||Website &e-mail|||costs||300||300|190|
||Rent
Staffcosts|||||2,795
23,986||2,795
23,986|2,795
10,807|
||Travel costs|||||384||384|590|
||Newsletter
costs|||||1,590||1,590|104|
||Postage,
printing|||and stationery||88||88|120|
||Subscriptions||||||||120|
||Telephone|||||355||355|240|
||Investment
management||||fees (note 6)|9,124||9,124|10,953|
||Sundry|||||139||139||
||Just giving fees|||||216||216|216|
|||||||63,329||63,329|42,435|
##
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|INVESTMENT
COSTS|MA|NAGEMENT||||||
|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted||Total|Total|
||||Funds||Funds|Funds|Funds|
|||||||2020
f|2019
f|
|Brewin Dolphin|fees||9,124|||9,124|10,953|
|CHARITABLE ACTIVITIES||||||||
||||Unrestricted||Restncted|Total|Total|
||||Funds||Funds|Funds|Funds|
|||||||2020
F|2019
f|
|Staff costs
Stationery,
printing
Rent
Grants
Governance
costs||and postage
(note 9)|23,986
88
2,795
88,511
12,918||(30)|23,986
88
2,795
88,481
12,918|10,807
120
2,795
3,939
13,792|
||||128,298||(30)|128,268|31,453|
|GRANTS AWARDED TO INDIVIDUALS||||||||
|Grants awarded|in|the year charged to the|Statement ofFinancial||Activities|included:||
||||Unrestricted||Restricted|Total|Total|
||||Funds||Funds|Funds|Funds|
|||||||2020|2019|
||||||f|||
|Dr Macdonald|||||||3,939|
|Dr Daga
Dr Kassianides|||77,020
5,525|||77,020
5,525||
|Dr Lewington
Dr Fitzpatrick
Dr Hewitt|||9,731
(3,362)||(30)|9,731
(30)
(3,362)||
|Dr Baker|||(403)|||(403)||
||||88,511||(30)|88,481|3,939|
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||Funds|Funds|Funds|Funds|
||||||2020|2019|
||||||8|E|
|Staff costs
Postage, stationery||and printing|7,809
30||7,809
30|3,519
39|
|Insurance|||270||270|943|
|Rent|||910||910|910|
|Computer costs|||70||70|300|
|Independent|examination||3,540||3,540|3,720|
|Payroll costs|||248||248||
|Recruitment
costs
Credit card charges|||28||28|4,320
28|
|Filing fee|||13||13|13|
||||12,918||12,918|13,792|
##
|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||Funds|Funds|Funds|Funds|
|||||2020|2019|
|||||5|5|
|Software|licences||||110|
||||||110|
##
##
|INVESTMENTS
Quoted investments||2020|2019
F|
|---|---|---|---|
|Market value at 1 October 2019||1,509,593|1,448,374|
|Less: Disposals at opening
book cost
Add:
Acquisitions
at cost
Net gain on revaluation
at 30September 2020||(397,174)
363,152
22,493|(394,530)
401,082
54,667|
|Nlarket value at 30 September 2020||1,498,064|1,509,593|
|Cash held in investment
portfolio||49,021|29,673|
|Total investments
at 30September 2020||1,547,085|1,539,266|
|Historical cost at 30 September 2020||1,289,007|1,378,799|
|Investments
are analysed as follows:|2020||2019|
|Market||%ofTotal
Market|%ofTotal|
|value||value||
|E||||
|Absolute
Return
Asia Pacific Equities
Emerging
Markets Equities
UK Equities
European
Equities
Global Investments
Japanese
Equities
Property
UK Bonds
N American
Equities
COIF
Cash
100,772
79,575
18,987
390,449
51,103
93,101
41,806
25,122
190,574
334,768
171,807
49,021||651%
514%
1.23%
25.24%
3.30%
6.02%
2.70%
1 62%
12.32%
21 64%
11.11%
317%
101,867
66,796
17,232
415,499
26,398
95,238
42,054
54,321
232,374
297,136
160,678
29,673|6.62%
4.34%
1.12%
2699%
1.72%
6.19%
273%
3.53%
1510%
19.30%
10 44'I
1,92%|
|SUBTOTAL
1,547,085||100.00%
1,593,266|100.00%|
##
|at 30Sep|tember 2020.||||
|---|---|---|---|---|
||||2020||
|||Market||%ofTotal|
|||value|||
|||E|||
|COLA COIF Charities
Investment
Account
Vanguard
Funds S&P500 Ucits ER UDS Dis
Maitland
Instl Svc Ml Select Mngr UK Eqty Inc
Maitland
Instl Svc Ml Select Mngrs Nth Amer EQ||171,806
82,569
86,911
128,048||11.11%
534%
561%
828%|
##
|12.|DEBTORS|||||
|---|---|---|---|---|---|
|||||2020|2019|
|||||6||
||Prepayments|and accrued income||266|1,215|
|||||266|1,215|
|13.|CASH AT BANK|||||
|||||2020|2019|
|||||6|6|
||Current Accounts
Deposit Accounts
Petty cash|||18,807
883
6|79,672
879
3|
|||||19,696|80,554|
|14.|CREDITORS|—Amounts|falling due within one year|||
|||||2020|2019|
|||||L||
||Trade creditors
Other creditors
Grants committed
Other taxation and social security
Accruals and deferred income|||7,220
19,594
259,050
2,650
5,650|19,794
215,040
6,549|
|||||294, 164|241,383|
|15.|CREDITORS -Amounts||falling due after more than one year|||
|||||2020|2019|
|||||F||
||Grants committed|||230||
|||||230||
##
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|||Balance|Income|Expenditure|Gain/(loss)|Balance|
|---|---|---|---|---|---|---|
|||01/01/19|||on revaluation|30/09/20|
|Unrestricted|funds|1,341,553|67,764|(191,627)|16,833|1,234,523|
|||1,341,553|67,764|(191,627)|16,833|1,234,523|
|||Balance
01/01/1 8|Income|Expenditure|Gain/(loss)
on revaluation|Balance
30/09/1 9|
|Unrestricted|funds|1,210,916|159,890|(73,998)|44,745|1,341,553|
|||1,210,916|159,890|(73,998)|44,745|1,341,553|
##
|The income includes restricted f|unds as reported
in the|Statement o|f Financial Activitie|s as follows:|
|---|---|---|---|---|
||Balance at|Income|Expenditure|Balance at|
||01/10/19|||30/09/20|
||f|||F|
|Icebirg Project
Legacy —Mary Strang|29,081
9,018||(30)|29,111
9,018|
||38,099||(30)|38,129|
||Balance at|Income|Expenditure|Balance at|
||01/10/18|||30/09/19|
||6|||6|
|Icebirg Project
Legacy- Mary Strang|29,081
9,018|||29,081
9,018|
||38,099|||38,099|
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||Total|||Costs of|Charitable|Basis of|
|---|---|---|---|---|---|---|
||Allocated|Governance||raising funds|activities|Apportionment|
|Cost type|||||||
|Staff costs
Rent
Postage and stationery|55,781
6,500
205||7,809
910
29|23,986
2,795
88|23,986
2,795
88|14:43:43%
14'43'43%
14:43:43%|
||62,486||8,748|26,869|26,869||
|ANALYSIS OF NET ASSETS BETWEEN FUNDS|||||||
||||Restricted|Unrestricted|2020|2019|
||||Funds|Funds|Total|Total|
||||E||E||
|Fixed asset investments
Current assets
Current
liabilities
Long term liabilities|||46,767
19,696
(28,334)|1,500,318
266
(265,831)
(230)|1,547,085
19,962
(294,165)
(230)|1,539,266
81,769
(241,383)|
|Net assets as at 30September 2020|||38,129|1,234,523|1,272,652|1,379,652|
||||Unrestricted|Restricted|2019|2018|
||||Funds|Funds|Total|Total|
||||E|E||E|
|Fixed asset investments
Current assets
Current
liabilities|||1,539,266
10,586
(208,299)|71,183
(33,084)|1,539,266
81,769
(241,383)|1,474,961
109,993
(335,939)|
|Net assets as at 30September 2019|||1,341,553|38,099|1,379,652|1,249,015|
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|STAFF COSTS|||
|---|---|---|
||2020|2019|
|||6|
|Wages and salaries
Social security costs
Pension costs|52,228
2,160
1,393|23,160
1,618
355|
||55,781|25,133|
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