Newstr.lid
h&rKI Of￿ mr￿e
2020 Annual Report

2020 Trustees Annual Report
The Objects of the Charlty
Welcomefrom your Chalrman
Chief Executlve's Report
Achievements and Performance
What we dld In 2020
Actfvities In 2020
10 Financlal Review
12 Risk Management
14 Plans and Objectlves
16 Committees and Almoners
17 OurArea Committees
18 Strurture. Governance and Management
20 Trusreeg Responslbilitie5 Statement
21 Independent Audltorfs Report
Statement of Flnandal Actlvitie5
24 Balance Sheet
Statement of Cash Flows
26 Notes to the Flnanclal Statements
We are the helping hand of the
21 >)￿ Aepo

The Objects of the Charity
To relieve persons who are in condltions of need or
hardshlp and to relSeve the dlstress caused thereby
through the provlslon of welfare for persons Y4ho
are, or have been. employed In the selllng and
d15tr1but6on of newspapers, magazlnes. and perlodltals
(Yhe Tradej in the Unlted Klngdom, Induding
thelr Immedlate faml ly and dependa nts.
Engagement shall normally have been for
a mlnimurn of five years.
In order to enable the CharSty to meet its
ObJert5 for the public benefit. Trustees
and management are focused on
generating sustslnable incomes to provlde
welfare to qualifying benefitlarles
and to dlstribute those funds In
ways which deliver the best
value support In the
context of risorous
governance.
news trade

ielcome from your Chairman
Everythlng that could be sald about 2020 already has been. It wa5 8 dlfflcult year
personally and profe55ionally forjust about everyone. However, once 38ain thls
Industry that we have all worked In and have loved throughout our careers stepped
up to the plate.
Ne￿PapÈr bTrJ ma8azlne teams created thekr trlles from bedrooms. kltchen¥ sofas, they
c¢)uld find space to carry oui thelT foles, Prfft stoff and logtswcs companles Pflnted d1stTbbu￿ ttil
throLyhout the UK. Wh<)lesalLYs dehvered to retsll¥s vtho In wrn were able lo pro*ide with thelr '
I•￿1￿rIte n¢¥N￿perS and ma8uln•s. De5pllÈ the Immeftse thaNenge5 that cO￿d.79 threw up. the Pflrrt
IrKIu5ty mwffirenily afKJ hasnl mk55ed a beaL Titk$ 7*•Ère wodu<ed aThd d4￿￿[ed on tlm
day- worthr 4ye call lithe rnlracl
r Industy •lway5 re5p¢nded wtth profe55k)n•lism. w'de ard 4 caD.do attltude and thai makn li
•ven mofe ImpNrant that we conunue to help our femow Industy brothers and 5wrs have fallen
upon hard times and need some 5UFPYL be that f￿an(￿l or efflotbonBI.
In 2020 when thot supwt was most need￿ mewstrp￿ also ￿epPed up to eftsiire QUT t￿ne￿￿?￿R5
cafthued io ger flnènclal SLbPPOrt thty needEd as well as a hamper of 8oodle5 to brighien th¢lf day.
Cothd.19 réstrfubns pr￿enied 7A51ts to beneficIar￿5 50 ran8 them io make they herè dolTrgOK
and let thorn knowwe were here for ihem, If they wantrd a <haL
s Chalrm•Th Ifs èn honour to work wlth the NewstrAld teèm who have shown ￿e0t réslknnce throutsLrt
2Q20 and M*n￿1r￿1 a firsr class 5efvice 10 the people thai matter rTrost. our beneficlades,
In addithon, our¥oluThteer arrrty of almonws Area Cmimlttets •lw
be ￿lled upon to m8ke surè thii thop who need our 5uWrt contlnve t
r2cehie L l *0 send rry thanks ¢0 the Bo•rd olTruStee% wellar•
Commlttee. and InveSEment Comtrdryee for tl*lr
Invcthmert wlrh NthwAld arbd lor 8Mng up Ilmè
thelr busy xheduk5 to drlve rhe tharl
lorwar
And fln•lty. ne￿￿£t￿ts. whO￿$31t1*
publk5hets- wkhoui YOU New5trNd
Thr￿ be able io th the brtyalu￿1e byork that
It doe5. y
2021 Is way. Therfs l*ht ètthe end
of thewDnel lorall SW 51fE #nd I
look fonvard to shaktng your hand orovlng '
you a hu8 * soon a5 Chr15 Whktty says I Ca￿￿, '
Il's an honour 10
Ivork with Ilie
NewsirAid ILh•ani wlio
Iiave shown sreal
resilience
Ihroughoul
2020
N•ll J•8g¢r
Chalnnan

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Actmties in 2020,:
support work we do. Th15 Includes TnJsMes
and mernbeTS ef Our Wèlfare and Inve51rnent
ctsmmltlees. fvjl Volurt￿rs 8ÈT• ofthdr
time arKI enew and are subjed to audttiruand
DBS thedts bs
(th*￿19 reslrlcilons and IhE need to keep our
benèfick¥*s and wbluniÈers safe meant that rt was
mpossible fof *wr alrnor*ers to vlslt the people v
*4)P)rt through 2020. Thls was one of the rnost
Iricant Impatts of the ¥lrus on the Charlty as
r•X onty are these vwts Val￿@d hl8hty ty mary
benendarle& especlally tythose 4th0 are feellng
lonely isolated bLrt they akngfve the V￿￿k
do a human lace arvj allow us to SW In iouch vhth
thè nèèds of bènèficlarbos. Ir bs wonh norlng Ihai
on&off grants to regular beneflclarSes Oecllrbed ihls
yw whkh may be be￿￿ v* unablo to ￿$lL
lftvtSth￿nt M)na8Èment
The IrNestmeni Cornmltte met vl¢ieo
conference vAih our manasef, Rathbone
Invesvnenr M?na8¢menr wlth ￿Orn have
a rnèn¥èment agreemenr. lnve5trnen￿
t¢4￿Wed lft the Come￿ of our agreed Irwe5tmen(
Polloj s￿[ernenL Rathbone5 revlews the P)rtf￿10
on an on8olng basls and prudde5 a quar(erty
valu•tloTr and report tts the Investrnent C¢ynmittee
fi*rnber% the CEO and FhurKlal Controller.
Tfustees were Updat￿ at board mett
eath Inwestmwt Comrdllw rnÈ*ln&
The Clwrty took a Thjmber of xeps to malnt¥n
our support under Govemment rt5trbctlons and
absencè of almoner visFts. In(ItsdI￿ Welfère
Cwimlttee meetiry were hekl monthly to spe
up our rryortse.. ovvi ben@ficlary payTnents
were coMrted fr￿1 cheque to e￿ttrOnIC bank
transfef 50 vnoney could reach benefidafles
qulckly 4wlthout thfr need to le4we hrjne,.
ore telephone calls I￿￿e made io vutherable.
benefickartÈs to theck on thelf wellbe
RegLllat￿n
Itbé Chafty understands its duty io prote(1
the publio Indtsdlngwlnorab￿ poople, from
unreasonably Intnaslve or persI￿e￿I fundr3151n8
•pproachts arO prÈssure to do￿￿e. We do
not lundra15e Irom publlc throw door.to4oty,
In addltlon to regular beneffts and one.off
Fephofie or facÈ4trfacÈ fundfak51ng or dlrect mall
gran￿ our dedkaied Welfare ieèm lo￿nL￿d
appeals and our prlmary sources of Income ale
to th5e on a fiJll 5pertrurn of vdf•r¢155UES
dOn￿lOn￿ lottery fee& and Invt5tmeni retum& The
kn(ludkng *fbp05tLng to other orsanlsalhons whEre
Charlty Is f@8lstered wlth the Fundralslng Regulator.
necesury. We cThitinued ro rKovide a wofe551wl
Wè received no fundrèlsln8 cwalnts kn rhe year.
debt and budgetkng setvlce through our
The Chathy has cornmercl￿ relalonshlps wlth
r4allonshlP *lih the Oebi Athlcp Found411on and
whglesalers 14tho coltea rnonles on our behalf
nxlety support through UL Ouf Fresh Siart tssè b￿SIn@￿S ufidHs￿n￿ the nee4J to PTOtecr
Asslst p(ogrAmmÉ In conjunctk>n wtth the NFRN
the public and hm thelr 0¥￿ pollclesw thls eflE(L
$uppone(I tr¥diTr8 new$4ent5 vtho hove d￿KIed (o
l¢b5e tradln8 or who wefe Vi¢¢ims of ¢rknÈ.
PLLbllc 8tnefft
The Trustees revJe4Y the atrns ob]eaive5 and
I￿tIeS tsf the Charty at thÈii fftÈÈtlngs
throughout ihe yt4r and confwrn that have
regafd to the Charlty Commkssbrfs guldance on r."
public befteflt ifi plannlhg aawand that
they have complled thelf d￿ty In sectbon 17 of
the Chatiiies 2011. FufEhef deials ol how th@
charty has fuFhlled its objects for pubuc benefii are
glwen In the Achlevempnts afKI Performance seci
of thfrs rewt.
Our In44tirk Support Stheme launched In 2019 was
4 f¢xus for stspportlng those sufferlng from the
econo￿{ Impacts of coronavk
iiritLéfs
Akhou8h aknoners wÈre to thlt
beneAclar*5 and Area Commlttees were FKe¥thted
fmm hDI(Ing hJKlralsln8 e￿ity we remaln
Indebted w all of QLY vol￿)1¢￿$ who help to

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Plans and Objectives
Changes within our Industry are In Ilne wlth forecast arKI the coronavlrus pandemk
Is only expected to have a short-term and manageable Impact on the Charlty.
In the lon8-term. the contlnued contraction of the prlnt medla Industry wlll
have a more s18nlflcant effect as our core Tevènues contlnue to decline.
In order to meet Its core purpose. NewStr￿d Trus(ees
re8ularly review the long.term alms for the Charfty and
a8ree new objectives each year.
20
21
Our strategic aims
for welfare are:
Incmbe effidei)ty In a¢¢ord
14tr*4strAtt5 obJ¢d> .
In terms of income,
our strategic aims will
include:
n*yt of dMn8th4 ne•d
Protprtlng key Incomt stre•ms and MI￿saun8 rlsks10
ftiwro inwm4 Tesuk*¥ from the th8nWng tr*
re8￿la￿ry en¥koMnenL
ProtÈdng our reserves and nurturiThs our Investsment￿
to support lon8.term welfare PToyarnffte&
OptNiilslTh&lrKome w meet demin05
ftsr welfarp.

Objett￿leS for 2021
Conslder. revlew and recoMrn￿ Opibns to
IKrwo wellare dellvery In the context of
d4cllnlryq r¢Aul•r benefi¢l•ry numbers IncbJdlns'.
Enjure NeYotrAkl yo￿nteerS ¢oThtlnue ir) pl•y4
key rolt ft*r thè c￿rtty and ensender a posltlve
Jense of comnwnityW￿ ¥￿1￿. Indudln
. R*￿eW Ne￿￿¢r$ mental héalth
R￿S￿l pr￿OU5 grant r¢c*nts
assess current n•ed,
. Rknthe rcl•3 ol the Are
Ccrnmirrees •nd create blueplnt (or fuiure
Prepare &ulddines lor rec¢mm•nc•mwR of
almoner ¥tsllS
Devehp Ne*strAld's fvndr•ksln8 approKh to
th•ry5 to th• Industry and re8ul•ttyy
•n¥lronnMThe Includln
Implement the NthstrAld comi¥iunl¢atlons plan
to ¢n8a8e posltbvely wlth sr•keholden, In￿nce
•w•rnntSs and Involwemont and support dell¥ery
ol Ne¥Y5trAl¢fs strate*c obJKtI¥T5 Indudl
. Imdernent Iotttry Wlz• fuThJ th•18•k
. Te4 prfce *Kro•ses
. Agree •PPfoath for rtmmmnr of new dc4
and lottery partclwnt
. ExploKe oppDrtunlts•s forCorpof•te P•rbwshlP
En£aAe posbtfvety wJtth tMntfid¥les. alrr*)nws and
Area Committees
. lryrove Industry en8agemwbt through
advocates. evenuas •llthved channets
Explore and devÈlop a central cornn￿nkIIIcnS
darab•se
. DMIop s•JJal meth'• thlnkln8 W support
a)20kn￿Rwt | 15

Committees and Almoners
Ron FbJshbrook. Chath)aiN In8r1dJcq*s.Mce Ch*ffi4￿ Cooper. Mary Fleld. l)awld rtlll.
Martln PA)nveLJean lTrlellL Terry oolnÈd Jan 20h Rothty 5mllh and Sam Wh1th5kle.:
t faTmPwee
8r¢ndin Fhtzrnwr￿e, Adrfan Hulhes, Teny M￿field CBE (slnce deceasod), Mlke 1¥*4rn
x van suaubwtye¢ aalro Blunt (Jolned Sepi 20201
Almoners
6rahwm Perw
Rc*¢rtcrt Ir**d *112fwr
Gr•hwn
DI￿d Hall
C•n)lkne H•rd•kwiiJiie5
wendyA￿￿k￿l￿ Feb
%ushbrook'
Dorothy *ou
Pdèr Seaman
￿￿10 kgo
Da¥ld
)hn Q*•d5ha
JKklè 8ro•Jbf
)hn ￿￿field tslnri dEtt•5edl
Chr15tQPlief fir{￿ ZOI
Browm
Mlthad
• &J(kmathr
RknaNI
Gay C*n
Frod C•rtylft5Wd DK Xfj
Nl(kCwkn8
Chrts Har(fj5(Xl
D•l¢l Hendal
Hoil
lan shv
T¥ry Sklps
Roddy
VAke
Chrl#ln¢ SoLthQm
Spller
Tony Spra￿($1r￿e dèt￿5¢
Jahn str￿8*
D*ron Tayfor
Andre#J¢>hrnton {rtWed D•c 201
If￿1[￿￿
nlon
ant KtO8h
￿merS1eY
P•ul iathwn
rb Lèvrton
Oon Thjryson
PJUI Trwoi
Bnari Trow tre￿¥d)￿Y 2DI
Alex 5traubenie
MkeW¥llate
Mlke W•15h U&ned M¥y20)
D￿d Warè
Glll Webb
Joff wkne
D¥Ad Chalmer3
hn
Ken Ch•pTha
Abert Ltr4el1
Nttde Mallc
M•rth M4nU
Alan Co(W
cowiw 10)
TTe•N Col
Co¢J
CaTMr
oil Cwftshlrt5trÈd * 201
Cwole croc*¢r
pwlme ￿(D￿
Frank m￿Ser￿
R•y Monellt
bp IA405s.
Mr￿[r￿n.plDY1QQl
Saftthlte51dÈ
ab8WllettS
wlliam5OD*ied 2
tknlntWIHlamson
Grah*m WNIV
m Wrthtfsknce doc¢•s¢dl
Frank Mustwd {r*￿d De¢201
t)w8trtyUothed
RobortorummoThJ
CKJrw Oudd
Cdlrb CtyJk¢
Lo15 DunnKrfe
IEX Ihjnon trtW¢dJuly 2Q)
Rlth*d Eaglt
l¥lon Ec*r
IA•ry Fbeld
Pwl Forem•n
Fowl￿kntd Feb lryl
)L* F￿ffl
Steve Gilfcio (Twed 5epl 201
pwl Cwddall Ires*n¢d Stpi
I,,? Collttte Gittn fr¢s￿ed S¢pt 20)
JeaTr Neml
Urbdsay 2Q)
John Palmer
Il's hearl-w'arming
lo know Ihal some
peo
le siill care
uring Ihese
Iicerialn
times.
Tony Pliik
DiThen Po**ll
Ilm P￿lea￿%
Rante
hn R*tr￿ Isln(t dec•x¢dJ
Ctalq Reyno￿$
' 202U Mnnuil Ptpoy

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||||6 an|eral||||
|---|---|---|---|---|---|---|---|
|||leal ~|unrastrtstad|ttodgna md|des+feted|292evotel|2819Seeraced|
||||6||6|E||
|IocoIoa||||||||
|f7anapens and toffaccss|||4.067|||142I67|292I21|
|Crscreafde acttvl tlss|||228.247|||22rs ?V7|266756|
|Interne<br>(ram alber Cr~ xeclvless|||s,I16J15|||'r, t2623SS|1,997362|
|Investment<br>and airier bitteer|||347,42tS||||424JSd|
|||||||1.256J27|J.'%17Jse|
|Sefssndkctro||||||||
|Casts ofrrrslng fantls srid otbpr Hearne|||44fs542|||446,542|SBIUI39|
|Cbareatde acsIviles|||71,775|||21,175|6'l,929|
|VVSffarr payrva<br>ok|||9491654|||964,206|963233|
|Gcse moose sorts|||77.467|||T7J67|SQIIJ31|
|Total||6|SJSdJ16|23J73||1.566254|'l.743.992|
|rfec lncoman~cscret|tsrfsre other|||||||
|remtftn lead doers aod leases|||1713209|113,6721||IS6537|375Jftt|
|Itralltad<br>erin bn disposal af|irwsscnsents||352|||352||
|17nraalloed<br>dain on rovalitaaan<br>ofmvestments||16|222J54|||222.I754|I,leIMBa|
|SO~C lnaamenexpeodltom)|Ond nat mOVSmant|||||||
|~o tvmfs Car tha<br>r|||192,415|I'13,4721||278,$4%|1.379.S62|
|fcesanddatlon<br>offcecds||||||||
|fatal feirefs braiddts tarreted|||11,917~7|665,657|arrSSS|12$71,296|l 1,191.734|
|Ccrom traodfsrs Satereen fttnds||16|I f S6721|13.672||||
||||52,~|6ee.fief|43J63|'12JSLiB9|12.671Jfsts|





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|||||2629aetat|29'l9 Resaemd|
|---|---|---|---|---|---|
|||||6||
|shed assets<br>Tat29 tbleassets||12.<br>13||'I2.924<br>I2,944433|13526|
|In treatments<br>toast shmd 3bse ae||||12,977~|IXRNk&4|
|Ctsrmea amass<br>!3ebtefs,prepaymesas|sfte atastfed lntome|14|Iel+98<br>5rKI||145.731<br>II46't|
|3sfte 5aeele Loena<br>Cash athank asta es hand<br>Casts at~maas22pts|||Zthtt52||4M,676|
|Terai 6ttareea hUets||||||
|uehekles<br>Credltort falllng dw|widen eno yeer|15|I29D,129l|72482|262,999|
|2aet asfraent assets||||||
|||||14%4RRI|'!L571.294|
|tate ftfnda ofane ettert~||||||
|ttnrestrktad<br>funds||||605697|M5,682|
|I7astgne ted I6otk<br>Craeerat njnds||'l6|$,859rs95<br>hesan715||!t692,59fr<br>~66'I|
|Ittnd||||12~2aat||
|||||49 952|48.552|
|R8slrktott funds<br>Total ehaalt5r ataado||I~||I?f54~|12.$21,294|





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||laele|2026Total|2619eaacaml|
|---|---|---|---|
||||2|
||34|(ISMSSI|12,SSS|
|Cash flcnaa from inatetleg ecealdae||||
|eareaenael<br>and hateraaa<br>lncerlle||317328||
|Pvachate of aangl hie caena~a||(6,236(|(1Z.692)|
|arNea tmeec addi 1I6Ilt||(372,Ml)|l396,595l|
|Mch hald<br>In Inreaunenta<br>acmtfnt||22.571|(27A47(|
|arraetfmenc<br>Olapoaal eroceadt||||
|||Ie,SSSI|II|
|Ioacreaae(In cash In the year||(192,62el|(786(|
|Caen at che eeSfnnlng el the year||@Ncaa(76|4(e661|
|Tetel tean et Ihe ~liat erdce Seer||||





|2, ancoche from Ooaouans end Legacies|2, ancoche from Ooaouans end Legacies|2, ancoche from Ooaouans end Legacies|2, ancoche from Ooaouans end Legacies||||||Clnr&acf arced|Clnr&acf arced|Clnr&acf arced|Creaignoced|Creaignoced|Oescrtcc&d|2020Tolel|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|2020|||||||||||t||E||6|
|Stana UOhs||||||||||4,tÃ7|||||'IeP&7|
|Greats||||||||||||IIV%0||||
|Glhsof~||||||||||||||||
|||||||||||4PR7||10POO||||
|sh19|||||||||VM»scncced|||Designated||Resuscted|2019Tolel|
|Oanedohs||||||||||t<br>&75||6<br>7~||6|6<br>Shel|
|Glhs ln kHd||||||||||19Ad0|||||1ste80|
|Agrem was received<br>In 2020from <br>Ofnt rakiheraetteata~m|Ihe Gannett~ond was acontnhuden<br>au~nero<br>Cnetnott~|||||||||21.759<br>cawcdc||73»O<br> aha chorlctrs||29P21<br> cauld vemer comfort yrahL||
|IOettafdahte<br>Wlra FRSI92end dfe Charhtea 509Ptrtll&23 the|||||||ocanamk coetrlankel|||Cdtaneral||selunteela|hrmreaagnhed||IOthe OCCOVnla.|
|3.Ilmtfne IWull 0 shel' Tsedlrlg Acti»ICI»a|||||||trarestrtcted||Oe sag&oned<br>6<br>6|||Rescricced<br>t||aaao Tocel<br>6|fata Restated<br>E|
|&eendfe rshlp||||||||70||||||70|10|
|&fee Co lllhlee luhlg'&ising||||||||||||||1,1WT03|1,2$7JXll|
|Sveocs fehdftaslng||||||||6,712||||||6,7'I 2|»0391|
|||||||||'l. 'I26.986||||||1,1241OS|1POTP92|
|All Ihmrhefmmachec<br>lrachngectfreaes|||In 2O19relaacdto|||onreetrtccedhnldl.||||||||||
|*Iho»en&eat ohd t2eher Income|||||||tsnrescrtcted||Oestgnoced|||R»snecced||2029Tekel|201'9 Total|
||||||||||6||E||6|6|f,|
|Income fram qua&ed Investmeots||||||||3C7,236||||||347,236|424,0c&|
|~~kd<br>ctsla Rnefest||||||||192||||||l92|625|
|AR lfn»shneoc and olller Income in||2019 related|||Ca unreal|doled||tooth.||||||||
|5.Inde from Cherltaftle<br>Actlvltfna|||||||||Res <br>t|kgne|old<br>6|Restrta ted<br>t||2929Tetel<br>6|2019Total|
|Reca Ifwe Chef<br>lfool& Iscmahoes||||||||22B,247||||||22R,2»7|2bfk758|
|AS Income fram dferlcahte octkdhes||In|2019related tounrcalrl|||||md hmds.||||||||
|4,Gtnta efRal ~Ing funda encl father|||In&sane||||ttereacrRted||Oeelgnacee|||Restrtcted||2929aeaoa|20te accreted|
||||||||||6||3||E|6||
|Arse Col&rafa»e fund roding usus||||||||ea2,502||||||~42,502|53fket2|
|Events Iuhdrolslng<br>costs||||||||||||||~PCI|32,1 97|
|0t her||||||||||||||||
|All macr afralslng funds and ofher||lncome ln 2019reteted tounrastctded|||||||funds|||||||
|7.Caste Olfheritehla<br>Ctlvtcfes|||||||ther»scrtcted||Oe signa<br>6||fmd<br>f|Sestrtcted||2920Total<br>6|2019Ten&I|
|Gene reh<br>Inmjnl<br>reaaor~||||||||71,725||||||71,779|e1,929|
||||||||||||||||Ot829|
|ARt»scsal cherlcahle acchftes In2019relsted||||la|unrescrtcml||funds,|||||||||





|~, losel'Eependlnsro|Costs of<br>0ertera ung<br>Voloncery Irlcnme<br>6|Costs of<br>0ertera ung<br>Voloncery Irlcnme<br>6|Costs of<br>0ertera ung<br>Voloncery Irlcnme<br>6|Costsel<br>Cnartta b I~<br>rccslv atlas<br>E|save rnecrc e<br>Coma<br>4|5uptrort<br>Eases<br>6|20MTeen l|
|---|---|---|---|---|---|---|---|
|5cals costs<br>fserdra isargt costs|||16P77<br>2reer526|Ityr569<br>4,040<br>757,013||22IL660<br>tIerttae|364r706<br>2745566<br>915r062|
|43drar costs||||||9,736|8,736|
|Deproc iadon|||I59P99<br>4EKRR|458r495<br>1.04er125|35,446<br>Jyr467|(55rL444I|1~050|
||||Cocle of|Costs of||||
|2819aastac ed||pe <br>Voluntary|amactnft<br>Income<br>6|Chartceale<br>Actlvlrdes<br>6|Governance<br>Costs||2N6 ftctated<br>E|
|5taff costs<br>Sundratslhg<br>costs<br>aahe<br>costs|||te,en 4<br>339,667<br>19P60|'I11P23<br>3Z.I57<br>752.423|615374|162,650<br>%571|35er030<br>3742}64<br>l21022167<br>9,571|
|044nectadon<br>5u<br>costs|||182,965|Vsvrrddg|40457<br>166.654|1404,587l|1.743,332|
|Enll129t9:6194601craner cons olgenera prrft vnlurrtary||Income|rrrtatec to Elite In hind,|||||
|9.Ane itoss ofpove manse eod crrptrort Costs<br>rpeaarrranaa<br>Cacao~||||||sp20 Terai<br>6<br>14.1al|pate Total<br>6<br>16,214|
|Legal and profetshnurl|lees|||||23,%5|32,932|
|nudrt 4nd at Crarnu anC3r||||||1,957|16,924|
|Mectlrlf coals||||||25e0|2.504|
|Annual report and anstunts||||||35P46|445457|
|Support<br>costs||||||||



|||Cease Of|Costa el|||
|---|---|---|---|---|---|
||SenereClrrra||Ctrwl table|raerrorna ace||
||Vole ntary|Income<br>4544|Actietties|Costs<br>1644|2926 Total|
|||E|f||E|
|guppOrt costs ere eancated m ciserlteale atfcttsee ashlhnuC.<br>ttatr ccats<br>5aaN training andretrulunen5<br>5enlnr nsarregsre~<br>rulllce overheads<br>Conrp utr!rs<br>Lease char f,e<br>Sdvrntitt ng and prom neon||lue,<br>'r65<br>24L591<br>epza<br>1P73<br>2,916<br>5r954|104,'l$3<br>yr456<br>152<br>29,591<br>6424<br>tp73<br>2.9l 5<br>3,954|23,145<br>1,657<br>6.354<br>327<br>$79|231,451<br>'I6,Mrg<br>Mg<br>6f536<br>Icr276<br>3,273<br>fs416<br>IE767|
|wstrap e<br>Iaeprnttett nn||4,361|cr381<br>159Pdfr|976<br>22Ldeg|9,736<br>354P44|










## 



## 

|12.Investm air ts Ice»aBra|eel||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|ac 31Stetember 2625|||||||||Ttrtrcaeer||ILCrtet lttr Year'|6essrcres|
|(dd Ben Latterres<br>I-Imilad I~camtsany|||line(ed by|guarantee|number<br>629330141||||||(I 394I|(4.396I|
|Ohl fen Names<br>sam lted l~|carrrtse|irtr BmIsed 97gcseranme numaer 66J6926'I I|||||||||||
|The taartbf dc»s nta two the ehllky te|||rr seat Iacaser m ar Insuree|||e dlL acchtkl ts et||etc6 carr fran»s||LIrretcd,|4INelqp Jlr s4lvetes are rhif»d.||
|The Charibf 6reette te recetue no dlrett|||ber»SC fram|IJScent»rttan||csrch IJrd den Hareee|||Lrme CCI4rrd|attat»te|ler RSereren<br>Jn|CSSSare strnrrs|
|Utn6ed atcent Itaak|||||||||||||
|14.Stebdrrs|||||||||||2924Tata l|2615fesratscl|
|||||||||||||f|
|Other<br>deb tars|||||||||||28,896|22,884|
|atrssunt<br>due fmm ctrl drn|tecrtrlts tcd||||||||||2,796|2,742|
|PIS|||||||||||119258|12',165|
|||||||||||||146,7N|
|~rcmdt<br>fteele Lares||||||||||||11,ear|
|The iNI(J(cthe fteccr Lsr»ss srda ace Includes a Prarlscan far trad debts er Efs060|||||||||||||
|cf, Credit»re<br>(tue Wtthtn|tyne Year||||||||||2626Terat|2619easra Isd|
||||||||||||f|6|
|Trade credltafs|||||||||||11329|g(02|
|Other credisafs|||||||||||'I93r29l|158,6(yl|
|PA% Sad Presser»|||||||||||I1373|l0,JJaa|
|acxrusls|||||||||||74226|96241|
|'l6 Jmesstrnaats<br>dafrrs rends|||||||||||2626Tc»el|29'19Tera(|
||||||||||||6|6|
|Ja I Iaewafy||||||||||||2230,777|
|Gain ar<br>ar||||||||||||1,0032sfe|
|as31Ssetendtei'|||||||||||||
|17.Arralssts atnet assets|hetseeen||hands||||||||ltestf(cM||
|2626<br>lunar<br>balances<br>ac31JJecensber||2CI26are~br@,||||rJrrte 1trlcsed<br>5|||||I Steels<br>f|Terat|
|Tan6dtte Rrrd assets||||||||I2924||||12,974|
|Invercmrncs||||||c|2256.746|||||I2JS64433|
|Current. assets<br>Lredltery,<br>amuunts<br>tadacs|due rdlhln||anc year|||'I|32((659<br>(296,129I<br> r296r266|||665A67|4IL552|36%P'l l<br>096,129I<br>1~|
|UnrraHsed<br>gains ilcctudrd|abtrrct||||||||||||
|an<br>hie fh»d assets|||||||3/56,||71$|||3ASL)I 6|
||||||||5.~66.716|||||Sregfs7(S|
|deccrsclissthm er marements<br>ln unreallsed<br>gated<br>IJarcafsed gains at I January 2020<br>~la che 7 ter|||||||XHd,(dc<br>272,064|||||3,23eda)<br>2222me|
|tfareeeeed<br>Sneat Ill Stesemher 2(tae|||||||3~715|||||fradfS716|





|17.Arralssls al'eat allele|17.Arralssls al'eat allele|bettraaa|bettraaa|Isreds ICentlntredl|Isreds ICentlntredl|Isreds ICentlntredl||||eestrlcted|als9 dsssatsd|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||J Eseete|Tesnl|
||||||||||C|E|6|
|2819Resmtad||||||||||||
|Esrads balances at|31 December 2019Sre represented|||||by.||||||
|Tsn9lbk llrrd assets||||||||13526|||'l6,626|
|muss( ments||||||||11,689,103|605,667||12294,790|
|Cfrrrarn assets||||||||Ef75II6|||365,868|
|Crrfdnta<br>alnauntsfalll||duewrdrln||ann|r|||J302,888I|||WAS%|
|||||||||11.917267||||
|Uoreasscd gains Indodad||abave:||||||||||
|On<br>Irk assd assets||||||||||||
|Rvtantlluuan<br>el rnavernents|||In urvralllsd||galnst|||||||
|ttnrealrsrrl<br>galas ra I January|||2019||||||||223O.TTT|
|Rsva Iusdan<br>In the||||||||||||
|Unrealsad|asas aeoembar20I9|||||||||||
|18, straaTSI ls oI Charitable||Itreds||||||||||
||||||eraudtrt||Insarnnt6|4otgol 49,|vnlaadsod|||
||||||Fartva rd||8esoulsas|Rssarasas|dain|trenAla|2020|
|2020||||||E||E|E|E|E|
|Restrkted btrrds jane Steak|||||aet332||||||W 362|
|~Eundo||||||||||||
|ACE||||||||1225i)2l||23672||
|tlrsfns||||||||ItUI00||I10W01||
|tega<br>~arne|||||~as~|||19,6721||'IW2|e46IP<br>686gi87|
|General<br>hmdt prier' sear sdJushnent||||||||||||
|General<br>tussk|||||I1.917337||1.It+622|(1536rsl81|22ZA06|Il3572I|'1Z2961200|
||||||11,9172%1'||LTUEtdRT|II5M1418J|222rs86|II3.672I||
||||||M.571~||I.T86587|IsrBRNR||||
|2019aessarad<br>Ilsstrkted<br>funds Jane 6tsole<br>total~sands||||||||||||
|hnsgasted<br>funds||||||||||||
|ACR|||||||7566|(2821)el||21508||
|Iagas7 blmsrle|||||606,687||||||60MIII|
|Taeal daslgaamd|tustds|||||||||EICOS|686/87|
||||||1053758$||8,129AI64|II,TM518J|I,ediL88a|12fr606l|11.917.237|
||||||II.191.734||2.187878|II,761592J|LOGAN||12.6TI.Isal|



## 



## 

## 

|Ccrnutlxntons<br>we chargmt coche 5tacemcoc of Ftnsncld Adnnu<br>at rhe balance sheer dale.<br>corn|Ccrnutlxntons<br>we chargmt coche 5tacemcoc of Ftnsncld Adnnu<br>at rhe balance sheer dale.<br>corn|es as Incurred a|od Cbme|warn nog orO~ co|otnbutloos|
|---|---|---|---|---|---|
|Fenslonmacs<br>In tne yearwereE7, 716I2919fld,atg)||||||
|2ll.FIncsKlaI Iress Nrrllents||||||
|Financial assets nwasured<br>al lair value Ibrougtr Orofil or bras||||I2364a33|I22tsETso|
|Flnanclat assets nreasured<br>al srnorused<br>rotc<br>Flnancus Babgdes~sl anronuad<br>cost<br>assets~m can verve<br>ctvcnafr orant oruns<br>acsett mentor Cd at~COSC COmprlreS tater Currern aSSWS <br>amuched orate~ creatrors clue threw<br>chan onc Sear hw||srrscs craned arveu manu<br>leSSOrCyaymerru<br>and fans <br> acouab Iocte tSt.||237,7a2<br>334,302<br>Ct5,9ct3I<br>IysuViayt<br>held m rt 31 Cccnmarcr 7020bosn c de<br>Ftnaochl<br> Fteele lacactoot ~ rCL Sercnt tcr Uatmchs at||
|ZI.Ctpcraung<br>Leese &ammlunencs||||land and buildings||
|The Cyrarlrtrs future mlnlrmnn<br>lease paymcras we as lobaws-||||232SJacal|2II lb Tosal|
|Operanng<br>leases whale aspire:||||3|E|
|Within one year||||2533ts|23,57I|
|Baosom one and Bveyaws||||73,737||
|||||0ctree||
|||||2dtB Total|20tBTocal|
||||||3|
|Within one year|||||3223|
|ttehsuen<br>One and SIVeyeare||||c,a15||



## 



## 


|<br>Inthe prier Tsar, cash heat ln the Imresnns nthnvt was shown as cash v bank and In hand, <br>nrftfe Inveslmancc<br>Agora.|this has npw bean<br>ractascrg ed|ta form part|
|---|---|---|
||M?9Tacst|2019Itcsts red|
|b)net nnnael<br>eat la funds te nec cash llaw fcewt atfaratbkg actlvtllas<br>Ctec rrvavemers<br>In funds<br>Add backd~ charge<br>add back prone on~Oflnvesnnents<br>Less tmre eased gael aa IIwestm ems<br>Interest Income caenvr ln five55fg acevhles<br>Ere«tease<br>In dstecvs<br>IDe«revs<br>eyl ocr vase In«red!ters<br>Vaceasb pavtttact by~acttvtttas|6<br>37B,949<br>9,726<br>OR)<br>fga7r4240<br>2,232<br>tck7603<br>Itgggfg22|1,979,962<br>9.57I<br>pk4033Rtc I<br>I424669I<br>26,022<br>24,678|



## 

## 



Prps,.
atlfrtu Dlr•cr?v. Tom Rodgev
ri•nd•l C•ntralltr. Laura Gflce
¥ke* Offlttr & Lf, to *he C#0: Lkndw PAIt
re Man•8tt. Skne&J H￿Id
uty Wdlafe Kaue Youry .
vl•ir￿e 011.,, .:
gela kandal
Wthrn Athtsnt" Frankle Gabbanl
Thank vou so much
for Ihe M7inter Lomforl
Granl 'fiiings have
gol lou
h during
Il)ese di
Icull limes,
riiiaiiciallv and
mentally• and it
Jus( lakes a gesture
like Ihis 10
restore our faiih
in hunian
kindne55.
Markay
upert Murdoch K
Dord •lTr Li.Kier3'
helrn: NellJa88er<Pub
C(4in Aetther (Ret41)
0￿*d Hollday (Pthlsh
Adrlan Hu8hes IDistr*MthI)
Ingr￿ Jones IDk5ftibwion
Shèunjones <Pub1*5hln8)
Cathertne NLXW (PL￿￿
lan Ntsbei Wesale>
Traty 05Ulh￿ (Distrlbuilon
Ralph Patel (Rerall}
Ruthbrook IRetsll)
Rlthard Webb (Wtdesale)
Thank vou so much.
Jiisl knoii'ing PLY)i)le
are Ihinkiiig al)oul
.folk less furlunale
makes a huge
difference.,,
Vou have been
so Monderful
lo us tliis year
Id I can'i
tliank you
enough.

##