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2020-09-30-accounts

Page
Report ofthe Trustees 1 to 3
Report ofthe Independent
Auditors		 4 to 5
Statement of Financial Activities
Balance Sheet
Cash Flow Statement
Notes to the Cash Flow Statement
Notes to the Financial Statements 10 to 15

2020 2019
Unrestricted Total
fund funds
Notes E E
INCOME FROM
Investment income 352,564 403,064
EXPENDITURE ON
Portfolio management 120 119
Charitable activities
Charitable Activities 469,150 415,770
Other 24,510 8,274
493,780 424,163
Net gains/(losses) on investments (2,221,901) 172,500
NET INCOME/(EXPENDITURE) {2,363,117) 151,401
RECONCILIATION OF FUNDS
Total funds brought forward 17,142,167 16,990,766
14,779,050 17,142,167
2020 2019
Unrestricted Total
fund funds
Notes E E
FIXED ASSETS
Investments 9,501,019 11,391,562
CURRENT ASSETS
Debtors 10 32,667
Cash at bank 5,281,726 5,724,421
5,281,726 5,75'7„088
CREDITORS
Amounts
falling due within one year		 (6,483$
NET CURRENT ASSETS 5,278,031 5,750,605
TOTAl. ASSETS LESSCURRENT
LIABIlITIES 14,779,050 17,142,167
NET ASSETS 14,779,050 17,142,161
FUNDS
Unrestricted
funds		 14,779,050 17,142,167
TOTAL FUNDS 14,779,050 17,142,167

Cash flows from operating
activities
Cash generated
from operations		 1 (463,901) (452,027)
Net cash used
in operating
activities		 (463,901) (452,027)
Cash flows from investing
activities
Purchase of fixed asset investments
Sale offixed asset investments		 (1,457,055)
1,125,697		 (8,046,788)
3,699,782
Interest
received		 21,086 55,939
Dividends
received		 331,478 347,125
Net cash provided
by/(used
in) investing		 activities 21,206 (3,943,942)
Change
in cash and cash
equivalents
in the reporting
period		 (442,695) (4,395,969)
Cash and cash equivalents
at the
beginning
ofthe reporting
period		 5,724,421 10,120,390
Cash and cash equivalents
at the
end ofthe reporting
period		 5,281,726 5,724,421

2020 2019
F
Net (expenditure)/income
for the reporting
the Statement of Financial Activities)
Adjustments
for:		 period (as per (2,363,117) 151,401
Losses on investments 81,118 301,740
Interest
received		 {21,086) (55,939)
Dividends
received		 (331,478) (347,125)
Unrealised
(Losses)/gains		 on investment 2,140,783 (474,240)
Decrease/(increase) in debtors 32,667 (32,667)
{Decrease)/increase in creditors (2,788) 4,803
Net cash used in operations (463,901)
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1.10.19 Cash flow At 30.9.20
E. E. E
Net cash
Cash at bank 5,724,421 (442,695) 5,281,726
(442,695) 5,281,726
Total 5,724,421 (442,695) 5,281,726

Far The Year Ended The Year Ended The Year Ended 30Septemb er MM
2. INVESTMENT INCOME
2020 2019
f f
Interest 21,086 55,939
Dividends 331,478 347,125
352,564 403,064
3. PORTFOLIO MANAGEMENT
Investment management casts
2020
f
Portfolio management 120
4. CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities
{seenote
5}
f
Charitable Activities 469,150
2020 2019
f f
Charitable Activities 469,150 415,770
The total grants paid to organisations during the year was as follows:
Year ended Year ended
30.09.20 30.09.19
f f
Qther Charitable organisations 469,150 415,770
6, SUPPORT COSTS
Governance
Management
f		 Finance
f		 costs Totals
f
Qther resources expended 379 68 24,063 24,510

2020 2019
Other
resources Total
expended activities
E
Postage and stationery 379
Bank charges 68 111
Auditors'
remuneration		 1,050 690
Accountancy
iegal fees		 1,020
546		 2,280
3,120
Consultancy 21,447 2,073
24,510 8,274
AUDITORS' REMUNERATXON
2020 2019
E E.
Fees payable to the charity's auditors for the audit ofthe charity's
financial statements 1,050

FIXED A SSET INYESTMENTS
2020 2019
E E
Shares 9,401,019 11,291.,562
Corporate Bonds 100,000 100,000
9,501,019 11,391,562
Additional
information		 Additional
information		 as follows:
Cash and
Quoted settlements
shares pending Totals
E E
MARKET VALUE
At 1 October 2019 10,280,861 1,010,701 11,291,562
Additions 900,694 556,361 1,457,055
Disposa ls
Unrelaised
gains/(lasses)
Realised gainsj(losses)		 (224,883)
(2,140,783)
{81,118)		 (900,814) (1,125,697)
(2,140,783)
(81,118)
At 30 September 2020 8,734,771 9,401,019
NET BOOK VALUE
At 30September 2020 8,734,771 666,248 9,401,019
At 30 September 2019 10,280,861 1,010,701 11,291,562
There were no investment assets outside the UK.
investments
(neither		 listed nor unlisted) were as follows:
2020 2019
Corporate
Bonds		 100,000 100,000
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
E
Accrued
income		 32,667
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
Other creditors 3,695 6,483
12. MOVEMENT IN FUNDS
Net
movement
1.10.19 in funds 30,9.20
E E
Unrestricted
funds
General
fund		 17,142,167 (2,363,117) 14,779,050
TOTAL FUNDS 17,142,167 (2,363,117) 14,779,050

Net movemen t in funds,
i		 nc lud ed
in t		 he above are as f he above are as f he above are as f ollows:
Incoming Resources Gains and Movement
resources
f		 expended
f		 losses
f		 in funds
f
Unrestricted funds
General
fund		 352,564 (493,7SO) (2,221,9Q1) (2,363,117)
TOTAL FUNDS 352,564 (493,780) (2,221,901) (2,363,117)
CQIYlparattves for rnovenIent irl funds
Net
movement At
1.10.1S in funds 30.9.19
f f
Unrestricted funds
General
fund		 16,990,766 151,401 17,142,167
TOTAL FUNDS 16,990„766 151,401 17,142,167
Comparative net movement in funds, included in the above are as follows:
In coAling Resources Gains and Movement
resources
f		 expended
f		 losses
f		 in funds
Unrestricted funds
General
fund		 403,064 (424,163) 172,500 151,401
TOTAL FUNDS 403,064 (424,163) 172,500 151,401
A current year 12 months and prior year 12 months combined
position		 is as follows:
Net
At movement
1.10.18
f		 in funds
f		 30.9,20
f
Unrestricted funds
General
fund		 16,990,766 (2,211,716) 14,779,050
TOTAL FUNDS 16,990,766 (2,211,716) 14,779,050

the abo ve are as follows: ,
Incoming Resources Gains and Movement
resources expended losses in funds
E E E
Unrestricted funds
General fund 755,628 (917,943) (2,049,401) (2,211,716)
TOTAL FUNDS 755,628 (917,943) (2,049,401) (2,211,716)