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|||Page|
|---|---|---|
|Legal and Administrative|Information||
|Directors' Report||2-5|
|Auditors'<br>Report||6 —8|
|Statement of Financial|Activities||
|Balance Sheet||10|
|Notes to the Accounts||11 —14|





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|||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<br>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)<br>on investments||||(142,865)||475,229|
|Net movement<br>in funds||||(158,993)||527,954|
|Funds brought<br>forward|||E5,713,841||5,185,887||
|Funds carried forward|||E5,554,848||E5,713,841||





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|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<br>Other costs||||348<br>497|61<br>1352|
||||||E7,765|E8,162|





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||Governance|costs|||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2020|2019f|
||Accounting|and Administration|||Costs|(Refer Note No. 11)|||5,462|5,317|
||Auditors'<br>Remuneration||||||||1,458|1,432|
||||||||||56 920|66 749|
||The Charity|did not have|any|employees||during the year.|||||
|5.|INVESTMENTS||||||||||
||||||||||2020<br>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<br>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<br>Fixed Interest||||Fund||||819,428|1,201,132|
||COIF Charities<br>Investment|||Fund|||||1,055,658||
||CAF UK Equitrack<br>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:<br>Amounts||falling||due within||one year||||
||||||||||2020f|2019<br>f|
||Accruals||||||||1718|1 607|
||||||||||61718|f1,607|





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