| Page | ||
|---|---|---|
| Legal and Administrative | Information | |
| Directors' Report | 2-5 | |
| Auditors' Report |
6 —8 | |
| Statement of Financial | Activities | |
| Balance Sheet | 10 | |
| Notes to the Accounts | 11 —14 |
| Note | 2020 | 2020 | 2019 | |||
|---|---|---|---|---|---|---|
| Unrestricted | Funds | Unrestricted | Funds | |||
| f | f | |||||
| INCOME FROM: | ||||||
| Investments | 144,137 | 184,512 | ||||
| Total Income | 144,137 | 184,512 | ||||
| EXPENDITURE ON: | ||||||
| Charitable Activities |
160,265 | 131,787 | ||||
| Total Expenditure | 160,265 | 131,787 | ||||
| Net income / (Expenditure) | before | (16,128) | 52,725 | |||
| gains and losses on investments | ||||||
| Net gains/(losses) on investments |
(142,865) | 475,229 | ||||
| Net movement in funds |
(158,993) | 527,954 | ||||
| Funds brought forward |
E5,713,841 | 5,185,887 | ||||
| Funds carried forward | E5,554,848 | E5,713,841 |
| 2. | INVESTME | NT | INCOME | |||
|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||
| E | E | |||||
| Bank Interest | 2,001 | 2,333 | ||||
| Dividends | 142,136 | 182,179 | ||||
| f144,137 | f184,512 | |||||
| 3. | CHARITABLE | ACTIVITIES | ||||
| 2020 | 2019 | |||||
| f | f | |||||
| Grant making | (details below) | 152,500 | 123,625 | |||
| Support | costs | (note 4) | 7,765 | 6 162 | ||
| E160,265 | f131,787 | |||||
| Grants making | ||||||
| During the | year | grants were made to: | ||||
| 2020 | 2019 | |||||
| f | E | |||||
| Steve Sinnott | Foundation | 100,000 | 80,000 | |||
| Shine | 50,000 | 43,625 | ||||
| Pamodzi | Creatives | 2,500 | ||||
| f152,500 | f123,625 | |||||
| 4. | SUPPORT | COSTS | ||||
| 2020 | 2019 | |||||
| E | E | |||||
| Governance | costs (details below) | 6,920 | 6,749 | |||
| Bank charges Other costs |
348 497 |
61 1352 |
||||
| E7,765 | E8,162 |
| Governance | costs | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 2019f | |||||||||
| Accounting | and Administration | Costs | (Refer Note No. 11) | 5,462 | 5,317 | |||||
| Auditors' Remuneration |
1,458 | 1,432 | ||||||||
| 56 920 | 66 749 | |||||||||
| The Charity | did not have | any | employees | during the year. | ||||||
| 5. | INVESTMENTS | |||||||||
| 2020 f |
2019f | |||||||||
| Bid-market | value at start ofyear | 5,241,851 | 4,766,622 | |||||||
| Unrealised | gains (losses) on | investments | 142865 | 485778 | ||||||
| Bid-market | value at year end | f5,098,986 | f5,241,851 | |||||||
| Cost of investments | f4,700,000 | f4,700,000 | ||||||||
| The charity holds investments |
in a number | of unitised | funds | in line with the Reserves | ||||||
| Policy. | ||||||||||
| 2020 | 2019 | |||||||||
| Bid | Bid | |||||||||
| value | value | |||||||||
| f | f | |||||||||
| Black Rock UK Bond Fund | A | Income | 814,936 | 1,156,719 | ||||||
| Black Rock UK Equity | Fund | A Income | 1,203,413 | 1,509,874 | ||||||
| COIF Charities Fixed Interest |
Fund | 819,428 | 1,201,132 | |||||||
| COIF Charities Investment |
Fund | 1,055,658 | ||||||||
| CAF UK Equitrack Fund |
1,205,551 | 1,374,126 | ||||||||
| f5,098,986 | f5,241,851 | |||||||||
| 6. | DEBTORS | |||||||||
| 2020f | 2019f | |||||||||
| Accrued Income | 1005 | 290 | ||||||||
| f1,005 | 290 | |||||||||
| 7. | CREDITORS: Amounts |
falling | due within | one year | ||||||
| 2020f | 2019 f |
|||||||||
| Accruals | 1718 | 1 607 | ||||||||
| 61718 | f1,607 |