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|||||Page|
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|Reference|and administrative||details||
|Trustees'|report|||2-5|
|Trustees'|responsibilities
statement||||
|Independent
auditor's||report|||
|Statement|offinancial|activities||12|
|Balance sheet||||13|
|Statement|ofcash flows|||15|
|Notes to the financial||statements||16-24|
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||||Unrestricted|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2020|2020|2019|
|||Note||||
|Income from:||||||
|Donations
and legacies||2|1,280,000|1,280,000|1,252,588|
|Investments||3|237,039|237,039|304,329|
|Total income|||1,517,039|1,517,039|1,556,917|
|Expenditure
on:||||||
|Investment
management|fees||170,812|170,812|147,208|
|Charitable
activities|||1,295,540|1,295,540|1,209,945|
|Total expenditure|||1,466,352|1,466,352|1,357,153|
|Net income before net gains on investments|||50,687|50,687|199,764|
|Net gains on investments|||5,046,070|5,046,070|4,458,919|
|Net movement
in funds|||5,096,757|5,096,757|4,658,683|
|Reconciliation
offunds:||||||
|Total funds brought
forward|||28,251,806|28,251,806|23,593,123|
|Net movement
in funds|||5,096,757|5,096,757|4,658,683|
|Total funds carried forward|||33,348,563|33,348,563|28,251,806|
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||||Note||2020f||2019|
|---|---|---|---|---|---|---|---|
|Fixed assets||||||||
|Investments|||||31,154,536||24,914,424|
|Programme
related|investments||||57,984||75,179|
|Total investments|||||31,212,520||24,989,603|
|Current assets||||||||
|Debtors||||227,440||||
|Cash at bank and in hand||||3,257,549||4,542,778||
|||||3,484,989||4,542,778||
|Creditors; amounts|falling|due within one||||||
|year|||9|(1,348,946)||(1,280,575)||
|Net current assets|||||2,136,043||3,262,203|
|Total assets less current||liabilities|||33,348,563||28,251,806|
|Total net assets|||||33,348,563||28,251,806|
|Charity funds||||||||
|Restricted funds|||10|||||
|Unrestricted
funds|||10||33,348,563||28,251,806|
|Total funds|||||33,348,563||28,251,806|
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|||||2020|2019|
|---|---|---|---|---|---|
||||Note|||
|Cash flows from operating|activities|||||
|Net cash generated
by / (used in) operating||activities|11|(345,421)|158,795|
|Cash flows from Investing|activities|||||
|Dividends,
interests
and rents from investments||||237,039|304,329|
|Proceeds from sale ofinvestments||||4,637,672|3,725,094|
|Purchase ofinvestments||||(5,831,714)|(3,867,243)|
|Receipts from programme
related investments||||17,195|33,728|
|Net cash (used in)/provided|by investing|activities||(939,808)|195,908|
|Change
in cash and cash|equivalents
in|the year||(1,285,229)|354,703|
|Cash and cash equivalents|at the beginning|ofthe year||4,542,778|4,188,075|
|Cash and cash equivalents|at the end of|the year|12|3,257,549|4,542,778|
|The notes on pages 16to 24 form part ofthese financial statements||||||
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||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2020|2020|2019|
|Income from listed investments|227,845|227,845|280,182|
|Loan interest|763|763|1,427|
|Bank interest|8,431|8,431|22,720|
||237,039|237,039|304,329|
|Total 2019|304,329|304,329||
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|||Grant||||
|---|---|---|---|---|---|
|||funding
of|Support|Total|Total|
|||activities|costs|funds|funds|
|||2020|2020f|2020f|2019|
|Grants awarded|(note 5)|1,291,653|3,887|1,295,540|1,209,945|
|Total 2019||1,206,150|3,795|1,209,945||
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||Total|Total|
|---|---|---|
||funds|funds|
||2020|2019|
||R||
|Sundryexpenses|287|195|
|Audit fee|3,600|3,600|
||3,887|3,795|
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|||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2020|2020|2019|
|||||||E|
|Beamish Museum||||||50,000|
|Blyth STEM||||50,000|50,000||
|Calvert Trust||||200,000|200,000||
|Cambridge
University||Eco|Racing|||20,000|
|Centre for Life||||10,000|10,000||
|Cranfield
University||||30,000|30,000||
|Discovery Museum||||80,000|80,000|25,000|
|Enthuse||||||40,000|
|First Lego||||38,650|38,650||
|Green Power||||||37,000|
|IET||||28,000|28,000||
|Kielder Observatory||||25,000|25,000||
|Maggies Centre,|Freeman||Hospital|50,000|50,000|100,000|
|National
Literacy|Trust|||30,362|30,362||
|Newcastle
United|Foundation|||||307,030|
|Nissan||||41,000|41,000|105,845|
|Northumberland|National||Park|250,000|250,000||
|Newcastle
University||||30,000|30,000||
|Primary Engineer|programme|||25,000|25,000||
|Royal Institution||||||90,000|
|Sheffield
University||||14,000|14,000|37,800|
|StCuthberts
School||||21,000|21,000|21,000|
|Success for all||||40,000|40,000|40,000|
|Teen Tech||||36,000|36,000||
|RGS||||85,000|85,000||
|The Sill||||20,000|20,000||
|Tyne River Trust||||70,000|70,000||
|Villiers Park||||100,000|100,000|121,751|
|Westfield School||||||25,112|
|Other grants (below f20,000)||||79,211|79,211|185,612|
|Grants from prior|years released|||(61,570)|(61,570)||
|||||1,291,653|1,291,653|1,206,150|
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|||||Listed|
|---|---|---|---|---|
|||||investmentsf|
||Cost or valuation||||
||At 1 January|2020||24,914,424|
||Additions|||5,831,714|
||Disposals|||(5,021,147)|
||Revaluations|||5,429,545|
||At 31 December 2020|||31,154,536|
||Net book value||||
||At 31 December 2020|||31,154,536|
||At 31 December 2019|||24,914,424|
|7.|Programme|related investments|||
||||Programme||
||||related||
||||investmentsf|Totalf|
||Cost or valuation||||
||At 1 January|2020|75,179|75,179|
||Repayments||(17,195)|(17,195)|
||At 31 December 2019||57,984|57,984|
|8.|Debtors||||
||||2020f|2019f|
||Due within|one year|||
||Amounts
owed by related undertakings||226,903||
||Prepayments|and accrued income|537||
||||227,440||
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||||2020f|2019|
|---|---|---|---|---|
|Grants awarded|but not yet paid||1,345,346|1,276,975|
|Accruals and deferred||income|3,600|3,600|
||||1,348,946|1,280,575|
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|||||||Balance at|
|---|---|---|---|---|---|---|
|||Balance at 1||||31|
|||January|||Gains/|December|
|||2020f|Income|Expenditure|(Losses)f|2020
R|
|Unrestricted|funds||||||
|General funds||28,251,806|1,517,039|(1,466,352)|5,046,070|33,348,563|
|Statement of|funds - prior year||||||
|||||||Balance at|
|||Balance at||||31|
|||1 January|||Gains/|December|
|||2019f|Income
F|Expenditure
F|(Losses)f|2019
F|
|Unrestricted|funds||||||
|General funds||23,593,123|1,556,917|(1,357,153)|4,458,919|28,251,806|
##
||||||2020|2019|
|---|---|---|---|---|---|---|
|||||||F|
|Net income for the period (as per Statement||||of Financial Activities)|5,096,757|4,658,683|
|Adjustments
for:|||||||
|Gains on|investments||||(5,046,070)|(4,458,919)|
|Dividends,|interests|and rents|from investments||(237,039)|(304,329)|
|Decrease/(increase)||in debtors|||(227,440)||
|Increase|in creditors||||68,371|263,360|
|Net cash|provided|by/(used|in) operating|activities|(345,421)|158,795|
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|||2020|2019|
|---|---|---|---|
||||F|
|Cash|in hand|3,257,549|4,542,778|
|Total|cash and cash equivalents|3,257,549|4,542,778|
##
|||||||At 1||At 31|
|---|---|---|---|---|---|---|---|---|
|||||||January||December|
|||||||2020|Cash flows|2020|
|Cash|at|bank|and|in|hand|4,542,778|(1,285,229)|3,257,549|
|||||||4,542,778|(1,285,229)|3,257,549|
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