| Report of the Trustees | l 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 | l5 |
For The Year Ended |
30September 2 |
021 | ||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Unrestricted | Total | |||
| fund | funds | |||
| Notes | E | |||
| INCOME FROM | ||||
| Investment income |
452,420 | 352,564 | ||
| EXPENDITURE ON | ||||
| Portfolio management | 102 | 120 | ||
| Charitable activities |
||||
| Charitable Activities |
449,300 | 469,150 | ||
| Other | 18,464 | 24,510 | ||
| Total | 467,866 | |||
| Net gains/(losses) on |
investments | 2,219,041 | {2,221,901) | |
| NET INCOME/(EXPENDITURE) | 2,203,595 | (2,363,117} | ||
| RECONCILIATION OF FUNDS |
||||
| Total funds brought | forward | 14,779,050 | 17,142,16? | |
| TOTAL FUNDS CARRIED FORWARD | 16,982,645 | 14,779,050 |
| BALANCE SHEET 30September 202X |
||||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Unrestricted | Total | |||
| fund | funds | |||
| Notes | E. | E | ||
| FIXED ASSETS | ||||
| Investments | 15,167,689 | 9,501,019 | ||
| CURRENT ASSETS | ||||
| Cash at bank | 1,818,870 | 5,281,726 | ||
| CREDITORS | ||||
| Amounts falling due within |
one year | 10 | {3,914) | (3,695) |
| NET CURRENT ASSETS | 1,814,956 | 5,278,031 | ||
| TOTAI ASSETS LESS CURRENT | ||||
| LXABXLXTIES | 16,982,645 | 14,779,050 | ||
| NET ASSETS | 16,982,645 | 14,779,050 | ||
| FUNDS | ||||
| Unrestricted funds |
16,982,645 | 14,779,050 | ||
| TOTAL FUNDS | 16,982,645 | 14,779,050 |
For The Year Ended 30September 2 |
021 | ||
|---|---|---|---|
| 2021 | 2020 | ||
| Notes | E | ||
| Cash flows from operating activities |
|||
| Cash generated from operations |
1 | (467,647) | (463,901) |
| Net cash used in operating activities |
(467,647) | (463,901) | |
| Cash flows from investing activities |
|||
| Purchase of fixed asset investments Sale offixed asset investments |
(8,065,534) 4,617,905 |
(1,457,055) 1,125,697 |
|
| Interest received |
4,688 | 21,086 | |
| Dividends received |
447,732 | 331,478 | |
| Net cash (used in)/provided by investing |
activities | (2,995,209) | 21,206 |
| Change in cash and cash |
|||
| equivalents in the reporting period Cash and cash equivalents at the |
(3,462,856) | (442,695) | |
| beginning ofthe reporting period |
5,281,726 | 5,724,421 | |
| Cash and cash equivalents at the end ofthe reporting period |
1,818,870 | 5,281,726 |
| OPERATING ACT | IVITIES |
||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Net income/(expenditure) the Statement of Financial Adjustments for: |
for the reporting Activities) |
period (as per | 2,203,595 | (2,363,117) | |
| (Gain)/losses on investments |
(189,018) | 81,118 | |||
| Interest received | (4,688) | (21,086) | |||
| Dividends received |
(447,732) | (331,478) | |||
| Unrealised (Gains)/Losses on |
investment | (2,030,023) | 2,140,783 | ||
| Decrease in debtors |
32,667 | ||||
| Increase/(decrease) | in creditors | 219 | (2,788) | ||
| Net cash used in | operations | (467,647) | (463,901) |
| ANALYSIS OF CHANGES IN NET | FUNDS | ||
|---|---|---|---|
| At 1,10.20 | Cash flow | At 30.9,21 | |
| E | |||
| Net cash | |||
| Cash at bank | 5,281,726 | (3,462,856) | 1,818,870 |
| 5,281,726 | (3,462,856) | 1,818,870 | |
| Total | 5,281,726 | (3,462,856) | 1,818,870 |
| For | The Year Ended |
The Year Ended |
The Year Ended |
30Septembe | r 202 | 1 |
||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2. | INVESTMENT | INCOME | ||||||||
| 2021 | 2020 | |||||||||
| E | ||||||||||
| Interest | 4,688 | 21,086 | ||||||||
| Dividends | 447,732 | 331,478 | ||||||||
| 452,420 | 352,564 | |||||||||
| 3. | PORTFOLIO | MANAGEMENT | ||||||||
| Investment | management | costs | ||||||||
| 2021 | 2020 | |||||||||
| f | E | |||||||||
| Portfolio management | 102 | 120 | ||||||||
| 4. | CHARITABLE | ACTIVITIES | COSTS | |||||||
| Grant | ||||||||||
| funding of |
||||||||||
| activities | ||||||||||
| (see note | ||||||||||
| 5) | ||||||||||
| E | ||||||||||
| Charitable | Activities | 449,300 | ||||||||
| 5. | GRANTS | PAYABLE | ||||||||
| 2021 | 2020 | |||||||||
| E | ||||||||||
| Charitable | Activities | 449,300 | 469,150 | |||||||
| The total grants | paid to organisations | during | the year was | as follows: | ||||||
| Year ended | Year ended | |||||||||
| 30.09.21 | 30.09.20 | |||||||||
| E | E | |||||||||
| Other Charitable | organisations | 449,300 | 469,150 | |||||||
| 6. | SUPPORT COSTS | |||||||||
| Governance | ||||||||||
| Management | Finance | costs | Totals | |||||||
| E | E | |||||||||
| Other resources | expended | 284 | 82 | 18,098 | 18,464 |
| Support | cost | s, included | in the above, are as follows: | ||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Other | |||||
| resources | Total | ||||
| expended | activities | ||||
| E | E | ||||
| Postage | and | stationery | 284 | 379 | |
| Bank charges | 82 | 68 | |||
| Auditors' | remuneration | 1,080 | 1,050 | ||
| Accountancy | 1,044 | 1,020 | |||
| Legal fees | 546 | ||||
| Consultancy | 15,974 | 21,447 | |||
| 18,464 | 24,510 | ||||
| AUDITORS' | REMUNERATXON | ||||
| 2021 | 2020 | ||||
| E | E | ||||
| Auditors' | remuneration | 1,080 | 1,050 | ||
| Auditor's | remuneration | - Non audit | 1,044 | 1,020 | |
| 2,124 | 2,070 |
| FXXED A | SSET INVESTMENTS | ||
|---|---|---|---|
| 2021 | 2020 | ||
| E | E | ||
| Shares | 15,067,689 | 9,401,019 | |
| Corporate | Bonds | 100,000 | 100,000 |
| 15,167,689 | 9,501,019 |
| Additional information as |
follows: | |||
|---|---|---|---|---|
| Cash and | ||||
| Quoted | settlements | |||
| shares | pending | Totals | ||
| MARKET VALUE | ||||
| At 1 October 2020 | 8,734,771 | 666,248 | 9,401,019 | |
| Additions | 3,887,803 | 4,177,731 | 8,065,534 | |
| Disposals Unrealised gains/(losses) |
(730,000) 2,030,023 |
(3,887,905) | (4,617,905) 2,030,023 |
|
| Realised gains/(losses) | 189,018 | 189,018 | ||
| At 30 September 2021 | 14,111,615 | 956,Q74 | 15,067,689 | |
| NET BOOK VALUE | ||||
| At 30 September 2021 | 14,111,615 | 956,074 | 15,067,689 | |
| At 30 September 2020 |
8,734,771 | 666,248 | 9,401,019 | |
| There were no investment | assets outside the UK, |
| Cost or v | alua | tion at 30 September 2 |
021 is represented by: |
||
|---|---|---|---|---|---|
| Cash and | |||||
| Quoted | settlements | ||||
| shares | pending | Totals | |||
| E | E | ||||
| Valuation | in | 2013 | 434,661 | 7?,127 | 511,788 |
| Valuation Valuation Valuation Valuation Valuation Valuation |
in in in in in in |
2014 2015 2016 2017 2018 2019 |
302,985 590,826 (704,001) (4,041,988) (63,571) 172,500 |
85,778 (120,647) 279,845 824,508 (946,385) ?83,426 |
388,763 470,179 (424,156) (3,217,480) (1,009,956) 955,926 |
| Vaiuation Valuation |
in in |
2020 2021 |
(2,221,901) 2,219,041 |
(344,453) 289,826 |
(2,566,354) 2,508,867 |
| Cost | 17,423,063 | 27,049 | 17,450,112 | ||
| 14,111,615 | 956,074 | 15,067,689 |
| 2021 | 2020 |
|---|---|
| E | |
| 100,000 | 100,000 |
| 10. | CREDI | TORS: | AMOUNTS FALLING DU |
E WITHIN ONE YEAR | ||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| F | ||||||
| Other creditors | 3,914 | 3,695 | ||||
| 11. | MOVEMENT IN FUNDS | |||||
| Net | ||||||
| At | movement | At | ||||
| 1.10.20 | in funds | 30,9,21 | ||||
| E | E | |||||
| Unrestricted | funds | |||||
| General | fund | 14,779,050 | 2,203,595 | 16,982,645 | ||
| TOTAL | FUNDS | 14,779,050 | 2,203,595 | 16,982,645 |
| Net mo | vement | in funds, inc |
lud | ed in t |
he abov | e are as f | ollows: | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | |||||||
| resources | expended | losses | in funds | |||||||
| E | E | |||||||||
| Unrestricted | funds | |||||||||
| General | fund | 452,420 | (467,866) | 2,219,041 | 2,203,595 | |||||
| TOTAL | FUNDS | 452,420 | (467,866) | 2,219,041 | 2,203,595 | |||||
| Comparatives | for movement | in funds | ||||||||
| Net | ||||||||||
| At | movement | At | ||||||||
| 1.10.19 | in funds | 30.9.20 | ||||||||
| E | 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 | ||||||
| Comparative | net movement | in | funds, | included | in the above are as follows: | |||||
| Incoming | Resources | Gains and | Movement | |||||||
| resources | expended | losses | in funds | |||||||
| E | E | F | ||||||||
| Unrestricted | funds | |||||||||
| General | fund | 352,564 | (493,780) | (2,221,901) | (2,363,117) | |||||
| TOTAL | FUNDS | 352,564 | (493,780) | (2,221,901) | (2,363,117) |
| A curren | t yea | r 12 months and prior ye |
ar 12 months combined position |
is as follows: | |
|---|---|---|---|---|---|
| Net | |||||
| movement | |||||
| 1.10.19 | in funds | ||||
| f | |||||
| Unrestricted | funds | ||||
| General | fund | 17,142,167 | {159,522) | 16,982,645 | |
| TOTAL | FUNDS | 17„142,167 | (159,522) | 16,982,645 |
| the abo | ve are |
as follows: |
, |
|||
|---|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | |||
| resources | expended | losses | in funds | |||
| E | F | |||||
| Unrestricted | funds | |||||
| General | fund | 804,984 | (961,646) | (2,860) | (159,522) | |
| TOTAL | FUNDS | 804,984 | (961,646) | (2,860) | (159,522) |