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||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|
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||||||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|
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|||||||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|
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|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||
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|||||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||
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|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|
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|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|
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|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)|
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