||||Page|| |---|---|---|---|---| |Report ofthe Trustees||1|to|9| |Independent
Examiner's|Report||10|| |Statement ofFinancial|Activities|||| |Balance Sheet||12|to|13| |Notes to the Financial Statements||14|to|19| |Detailed Statement ofFinancial Activities||20|to|21| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||2021|2020| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Total|Total| ||||fund|fund|funds|funds| |||Notes||||| |INCOME AND ENDOWMENTS FROM||||||| |Investment
income|||72,695||72,695|71,297| |EXPENDITURE ON||||||| |Raising funds|||3,947||3,947|85,904| |Charitable
activities||||||| |Grant|||451,438||451,438|374,259| |Total|||455,385||455,385|460,163| |Net gains on investments|||455,863||455,863|175,754| |NET INCOME/(EXPENDITURE)|||73,173||73,173|(213,112)| |RECONCILIATION|OF FUNDS|||||| |Total funds brought|forward||3,665,066||3,665,066|3,878,178| |TOTAL FUNDS CARRIED FORWARD|||3,738,239||3,738,239|3,665,066| |||||2021|2020| |---|---|---|---|---|---| |||Unrestricted|Restricted|Total|Total| |||fund|fund|funds|funds| ||Notes||||| |FIXEDASSETS|||||| |Tangible assets|8|960||960|1,279| |Investments|9|3,511,542||3,511,542|3,437,982| |||3,512,502||3,512,502|3,439,261| |CURRENT ASSETS|||||| |Debtors|10|201,865||201,865|201,723| |Cash at bank and in hand||28,690||28,690|28,554| |||230,555||230,555|230,277| |CREDITORS|||||| |Amounts
falling due within one year||(4,818)||(4,818)|(4,472)| |NET CURRENT ASSETS||225,737||225,737|225,805| |TOTAL ASSETSLESSCURRENT|||||| |LIABILITIES||3,738,239||3,738,239|3,665,066| |NET ASSETS||3,738,239||3,738,239|3,665,066| |FUNDS|12||||| |Unrestricted
funds:|||||| |General fund||||3,738,239|3,665,066| |TOTAL FUNDS||||3,738,239|3,665,066| ## ## ## ## ## ## ## ## ## ## ## |||||2021|2020| |---|---|---|---|---|---| |Interest received||||4,953|7,227| |Dividends||||67,742|64,070| |||||72,695|71,297| |RAISING FUNDS|||||| |INVESTMENT|MANAGEMENT||COSTS||| |||||2021|2020| |Other operating|leases|||3,947|4,072| |NET INCOME/(EXPENDITURE)|||||| |Net income/(expenditure)||is stated after charging/(crediting):|||| |||||2021|2020| |Independent
Examiners||Fees||4,278|4,056| |Depreciation - owned assets||||319|427| |Other operating|leases|||3,947|4,072| ## ## ## ## ## ||2021|2020| |---|---|---| |Employee|1|I| ||||Notes to the Financial Statements - continued|Notes to the Financial Statements - continued|Notes to the Financial Statements - continued|Notes to the Financial Statements - continued||| |---|---|---|---|---|---|---|---|---| |||||for the Year Ended 31December||2021||| ||COMPARATIVES FOR THE|||STATEMENT OF FINANCIAL||ACTIVITIES||| |||||||Unrestricted|Restricted|Total| |||||||fund|fund|funds| ||INCOME AND ENDOWMENTS FROM|||||||| ||Investment
income|||||71,297||71,297| ||EXPENDITURE ON|||||||| ||Raising funds|||||85,904||85,904| ||Charitable
activities|||||||| ||Grant|||||374,259||374,259| ||Total|||||460,163||460,163| ||Net gains on investments|||||175,754||175,754| ||NET INCOME/(EXPENDITURE)|||||(213,112)||(213,112)| ||RECONCILIATION|OF FUNDS||||||| ||Total funds brought forward|||||3,878,178||3,878,178| ||TOTAL FUNDS CARRIED||FORWARD|||3,665,066||3,665,066| |8.|TANGIBLE FIXED|ASSETS||||||| |||||||Fixtures||| ||||||Plant and|and|Computer|| ||||||machinery|fittings|equipment|Totals| ||COST|||||||| ||At 1 January 2021 and|31December 2021|||10,717|51,617|4,325|66,659| ||DEPRECIATION|||||||| ||At 1 January 2021||||10,717|50,631|4,032|65,380| ||Charge foryear|||||246|73|319| ||At 31December 2021||||10,717|50,877|4,105|65,699| ||NET BOOKVALUE|||||||| ||At 31December 2021|||||740|220|960| ||At 31December 2020|||||986|293|1,279| ## ## |9.|FIXEDASSETINVESTMENTS|||| |---|---|---|---|---| |||||Listed| |||||investments| ||MARKET VALUE|||| ||At 1 January 2021|||3,437,982| ||Additions|||638,364| ||Dispo sais|||(564,804)| ||At 31December 2021|||3,511,542| ||NET BOOKVALUE|||| ||At 31December 2021|||3,511,542| ||At 31December 2020|||3,437,982| |10.|DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR|||| ||||2021|2020| ||Other debtors||799|827| ||Time deposits||200,048|200,003| ||Prepayments||1,018|893| ||||201,865|201,723| |11.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||| ||||2021|2020| ||Social security and other taxes||540|416| ||Accrued expenses||4,278|4,056| ||||4,818|4,472| |12.|MOVEMENT IN FUNDS|||| ||||Net|| ||||movement|At| |||At 1.1.21|in funds|31.12.21| ||Unrestricted
funds|||| ||General fund|3,665,066|73,173|3,738,239| ||TOTAL FUNDS|3,665,066|73,173|3,738,239| ## ||||Incoming|Resources|Gains and|Movement| |---|---|---|---|---|---|---| ||||resources|expended|losses|in funds| |Unrestricted|funds|||||| |General fund|||72,695|(455,385)|455,863|73,173| |TOTAL FUNDS|||72,695|(455,385)|455,863|73,173| |Comparatives|for movement|in funds||||| ||||||Net|| ||||||movement|At| |||||At 1.1.20|in funds|31.12.20| |Unrestricted|funds|||||| |General fund||||3,878,178|(213,112)|3,665,066| |TOTAL FUNDS||||3,878,178|(213,112)|3,665,066| |||Incoming|Resources|Gains and|Movement| |---|---|---|---|---|---| |||resources|expended|losses|in funds| |Unrestricted|funds||||| |General fund||71,297|(460,163)|175,754|(213,112)| |TOTAL FUNDS||71,297|(460,163)|175,754|(213,112)| ||||Net|| |---|---|---|---|---| ||||movement|At| |||At 1.1.20|in funds|31.12.21| |Unrestricted|funds|||| |General fund||3,878,178|(139,939)|3,738,239| |TOTAL FUNDS||3,878,178|(139,939)|3,738,239| ## ## |||Incoming|Resources|Gains and|Movement| |---|---|---|---|---|---| |||resources|expended|losses|in funds| |Unrestricted|funds||||| |General fund||143,992|(915,548)|631,617|(139,939)| |TOTAL FUNDS||143,992|(915,548)|631,617|(139,939)| ## |||Detailed Statement ofFinancial Activities||| |---|---|---|---|---| |||for the Year Ended 31December 2021||| ||||2021|2020| |INCOME AND ENDOWMENTS||||| |Investment
income||||| |Interest received|||4,953|7,227| |Dividends|||67,742|64,070| ||||72,695|71,297| |Total incoming
resources|||72,695|71,297| |EXPENDITURE||||| |Other trading activities||||| |Bad debts||||81,832| |Investment
management|costs|||| |Other operating
leases|||3,947|4,072| |Charitable
activities||||| |Grants to institutions|||400,135|323,745| |Grants to individuals||||4,500| ||||400,135|328,245| |Support costs||||| |Governance
costs||||| |Wages|||16,950|16,796| |Social security||||53| |Pensions|||673|471| |Independent
Examiners Fees|||4,278|4,056| |Rates and water|||148|148| |Insurance|||408|403| |Telephone|||1,144|1,254| |Postage and stationery|||22|188| |Sundries|||75|157| |Legal fees|||26,152|25,524| |Travelling
and subsistence|||226|834| |Computer
expense|||795|234| |Bank charges|||84|94| |Foreign exchange gain/loss|||28|(4,625)| |Fixtures and fittings|||247|329| |Computer
equipment|||73|98| ||||51,303|46,014| |Total resources expended|||455,385|460,163| |Net expenditure
before gains and||losses|(382,690)|(388,866)| |||Detailed Statement ofFinancial Activities||| |---|---|---|---|---| |||for the Year Ended 31December 2021||| ||||2021|2020| |Realised recognised|gains and losses|||| |Realised gains/(losses)|on|fixed asset investments|84,728|(33,668)| |Unrealised
gains/(losses)||on fixed asset||| |investments|||371,135|209,422| |Net income/(expenditure)|||73,173|(213,112)|