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|||Page|
|---|---|---|
|ReFerence and admlnlstratlve|details ofthe Charity, its Trustees and advisers|1|
|Trustees' report||2-5|
|Independent
auditors' report|on the Qnanclal statements|6-8|
|Statement offlnanchl actlvltles|||
|||10|
|Statement ofcash flows|||
|Notes tothe flnanchd statements||12-19|
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|Managing|Trustees|Mark Eldridge, President|Mark Eldridge, President|Mark Eldridge, President|||
|---|---|---|---|---|---|---|
|||Aiistair Cole, Chairman|||||
|||Matt Howard Cairns,||Vice President|||
|||Kate Holland-Smith,||Vice Presklent|||
|||Myles Watkins, Treasurer|||||
|||JoGreenbury,
Secretary|||||
|||John Davies|||||
|||Seb Hoyle|||||
|||James Isaacs|||||
|||Charles Newington|Bridges||||
|||Brioney Denner|||||
|||Tamsin Robertson|||||
|||Jeremy Walters|||||
|||Lucinda Farmer|||||
|Charity mglstered|||||||
|number||1113320|||||
|Prtncl pal oNce||Old Cliftonian Sodety|||||
|||32College Road|||||
|||Cliflon|||||
|||Bristol|||||
|||BS83JH|||||
|Independent|auditors|Bishop Fleming LLP|||||
|||Chartered
Accountants|||||
|||Statutory Auditors|||||
|||10Temple Back|||||
|||Bristol|||||
|||BS16FL|||||
|Bankers||National Westminster||Bank pic|||
|||PO Box220|||||
|||44Caledonia Place|||||
|||Bristol|||||
|||BS995AJ|||||
|Investment|Managers|Smith &Williamson|Investment||Management|LLP|
|||Portwall Place|||||
|||Portwall Lane|||||
|||Bristol|||||
|||BS16NA|||||
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FUMD IcoKnNuED)
Iho 8U
USE OF OUR REPORT
10 Tgmplo Back
8S16FL
. 14 Mfiych IOIL
Py8
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|||||Unrestrlcled|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|funds|
|||||2020|2020|2020|2020|2019|
||||Note||E|R|R|F|
|Income and|||||||||
|endowments||from:|||||||
|Donations and||legacies|2|30,357|39,146|20,000|89,503|195,584|
|investmenfs||||5|33,215|52,929|86,149|119,542|
|Total Income|and||||||||
|endowments||||30,362|72,361|72,929|175,652|315,126|
|Expenditure|on:||||||||
|Investment|||||||||
|Management||Fees|||12,481|19,888|32,369|30,992|
|Charitable
activibes||||81,798|50,243||132,041|102,621|
|Total expenditure||||81,798||19,888|164,410|133,613|
|NET INCOWIIE|||||||||
|BEFORE|||||||||
|INVESTNIENT|||||||||
|GAINS/(LOSSES)||||(51,436)|9,637|53,041|11,242|181,513|
|Net gains on|||||||||
|investments|||||130,320|207,666|$$7,986|728,377|
|Net (expencliture)|||||||||
|Ilncome||||(51,4$6)|1$9,957|260,707|349,228|909,890|
|Transfers between|||||||||
|funds||||76,466|19,752|(96,218)|||
|Net movement||in|||||||
|funds||||25,030|159,709|1~489|349,228|909,890|
|Reconciliation||of|||||||
|funds|||||||||
|Total funds brought|||||||||
|forward||||114,910|2,064,996|2,883,756|5,063,662|4,153,772|
|Net movement|in funds|||25,030|159,709|164,489|349,228|909,890|
|Total funds carried|||||||||
|forwanl||||139,940|2,224,705|3,048,245|5,412,890|5,063,662|
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|STATEMENT OFCASH FLOWS||||
|---|---|---|---|
|FOR THE YEAR ENDED 31DECEMBER 2020||||
||||2019|
|Cash flows from operating activities||||
|hlet cash used in operating
activities||(65,859)|47,233|
|Cash flows from investing
activities||||
|Dividends,
interests and rents from investments||86,149|119,542|
|Proceeds from sale ofinvestments||772,570|1,022,533|
|Purchase ofinvestments||(713,538)|(1+07,801)|
|Net cash provided
by/(used
in) investing|activities|145,181|(65,726)|
|Change
in cash and cash equivalents
in|the year|79,322|(18,493)|
|Cash and cash equivalents
at the beginning|ofthe year|151,873|170,366|
|Cash and cash equivalents
atthe end ofthe year||231,195|151,873|
|The notes on pages 12to 19form part ofthese financial statements||||
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|||||||||Balance at|
|---|---|---|---|---|---|---|---|---|
|||Balance at|1|||||31|
|||January||||Transfers|Gains/|December|
|||2020
f||Income
f|Expenditure
f|in/outf|(Losses)f|2020f|
|UNRESTRICTED|||||||||
|FUNDS|||||||||
|General Funds||114,910||30,362|(81,798)|76,466||139,940|
|ENDOWMENT|||||||||
|FUNDS|||||||||
|Capital Fund|||||||||
|Endowment||2,883,756||72,929|(19,888)|(S6,218)|207,666|3,048~|
|RESTRICTED|||||||||
|FUNDS|||||||||
|RC Hancom|||||||||
|Fund||117,570||2,352|(5,$61)|2,782|8,639|125,382|
|Vernon|||||||||
|Croucher|Fund|70,124||1,273|(1,812)||4,995|74,640|
|WRTaylor|Fund|407,594||7,546|(10,835)||29,607|434,366|
|Hugh Davie|||||||||
|Fund||190,024||3,531|(1,327)||13,854|206,082|
|David Jones|||||||||
|Fund||321,380||5,564|(8,534)|879|21,831|341,120|
|Colquhoun|Fund|72,714||1,971|(5,356)|3,029|3,719|76,077|
|Shenstone|Fund|284,639||10,616|(6,584)||16,543|305,214|
|Clive Smith|||||||||
|Fund||486,104||6,785|(21,882)||26,620|510,175|
|Polish Fund
College~e||40,109||882|(129)||1,344|42,206|
|Fund||46,439|||(248)||2,58$||
|Herbert and|||||||||
|Connie Futter|||||||||
|Fund||28,299||22,581|(56)|||51,403|
|1970Fund||||8,600||||8,600|
|||2,064,9S6||72,361|(62,724)|19,752|'I30+20|2+24,705|
|TOTAL OF|||||||||
|FUNDS||5,063,662||175,652|(164,410)||337,986|5,412,890|
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|||Balance at|||||Balance at
31|
|---|---|---|---|---|---|---|---|
|||1January|||Transfers|Gains/|December|
|||2019|Income|Expenditure|in/out|(Losses)|2019|
|UNRESTRICTED||||||||
|FUNDS||||||||
|General Funds||69,980|48,809|(47,161)|43~2||114,910|
|ENDOWMENT||||||||
|FUNDS||||||||
|Capital Fund||||||||
|Endowment||2,409,090|93,449|(19,042)|(47+71)|447,530|2,883,756|
|RESTRICTED||||||||
|FUNDS||||||||
|RC Hancom||||||||
|Fund||99,745||(6,192)|2,195|18,616|117,570|
|Restricted||||||||
|Vernon||||||||
|Croucher|Fund|58,052|1,767|(458)||10,763|70,124|
|WR TaylorFund||344,033|10,472|(10,715)||63,804|407,594|
|Hugh Davie||||||||
|Fund||160,541|4,897|(5770)||29,856|190,024|
|David Jones||||||||
|Fund||259,170|22,722|(7,559)||47,047|321,380|
|Colquhoun|Fund|42,701|27,340|(5,341)||8,014|72,714|
|Shenstone|Fund|214,087|41,419|(6,518)||35,651|284,639|
|Clive Smith||||||||
|Fund||391,765|59,415|(22,443)||57,367|486,104|
|Polish Fund||36,827|508|(123)||2,897|40,109|
|College Lodge||||||||
|Fund||40,682|916|||5,579|46,439|
|Herbert and||||||||
|Connie Futter||||||||
|fund||27,099||(2,053)|1,794|1W3|28,299|
|||1,674,702|172,868|(67,410)|3,989|280,847|2,064,996|
|TOTAL OF||||||||
|FUNDS||4,153,772|315,126|(133,613)||728,377|5,063,662|
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|ANALYSIS OF NETASSETS BETW|EEN FUNDS -CURREN|T PERIOD|||
|---|---|---|---|---|
||Unrestricted|Restricted|Endowment|Total|
||funds|funds|funds|funds|
||2020|2020|2020|2020|
|Fixed asset investments|132,184|1,995,856|3,048+45|5,176+85|
|Current assets|16+98|228,849||245,147|
|Creditors due within one year|(8,542)|||(8,542)|
|TOTAL|139,940|2,224,705|3,048+45|5,412,890|
##
||||Unrestricted|Restricted|Endowment|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2019|2019|2019|2019|
||||||f.||
|Fixed asset|investments|||2,013,575|2,883,756|4,897,331|
|Current assets|||117,790|51,421||169/11|
|Creditors due within one year|||(2,880)|||(2,880)|
|TOTAL|||114,910|2,064,996|2,883,756|5,063,662|
|UNAPPIJED TOTAL RETURN|||||||
|||||||2019|
|At 1 January|||||1,542,503|741,855|
|Total return|in the year||||424,130|847,919|
|Total return|allocated|by the trustees|||(96~8)|(47271)|
|At 31December|||||1,870+15|1,542,503|
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