| Cash and equivalent: | |
|---|---|
| Cash at bank | 505,843 |
| Money market funds | 489,922 |
| Investments in Lundy Fund |
1,575,990 |
| 2,571,755 |
| Note | Year to | Yearto | ||||
|---|---|---|---|---|---|---|
| 31March 2021 | 31March 2020 | |||||
| E | ||||||
| Income | ||||||
| Donations | 125,000 | 156,250 | ||||
| Investment income |
7,272 | 12,409 | ||||
| 132,272 | 168,659 | |||||
| Expenditure | ||||||
| Charitable activities: |
||||||
| Grants | and | programme | related expenditure | 4 | 278,000 | 332,940 |
| Other | 5 | 1,060 | 1,315 | |||
| Total expenditure | 279,060 | 334,255 | ||||
| Net income | (146,788) | (165,596) | ||||
| Gains/(losses) | on investment | assets | 306,578 | (14,996) | ||
| Net Movement | of Funds | 159,790 | (180,592) | |||
| Reconciliation | ofFunds | |||||
| Total Funds brought | forward | 2,351,365 | 2,531,957 | |||
| Total funds carried | forward | 2,511,155 | 2,351,365 |
| Report and Accounts —year ended 31March 202 | 1 | ||
|---|---|---|---|
| Balance Sheet at 31March 2021 | |||
| Note | 31March | 31March | |
| 2021 | 2020 | ||
| Fixed assets | f | f | |
| Investments | 1,575,990 | 1,769,323 | |
| Total fixed assets | 1,575,990 | 1,769,323 | |
| Current assets | |||
| Debtors | |||
| Cash at bank and in hand | 995,765 | 722,642 | |
| Total current assets | 995,765 | 722,642 | |
| liabilities | |||
| Creditors falling due within one year | 60,600 | 120,600 | |
| Net current assets | 935,165 | 602,042 | |
| Total assets less current liabilities | 2,371,965 | ||
| Creditors: amounts falling due after more than one year |
20,000 | ||
| Net assets | 2,511,155 | 2,351,365 | |
| Thefunds ofthe Charity: | |||
| Unrestricted funds |
9 | 2,511,155 | 2,351,365 |
| Total Charity funds | 2,511,155 | 2,351,365 |
| There | were no related party tran |
sactions during |
the period. | ||
|---|---|---|---|---|---|
| 3. | Investment Income |
||||
| 2021 | 2020 | ||||
| f | |||||
| Interest on money market and | other accounts | 432 | 4,843 | ||
| Dividend income from investments |
6,840 | 7,566 | |||
| Total | Investment income |
7,272 | 12,409 | ||
| 4. | Analysis ofexpenditure | on charitable | activities | ||
| 2021 | 2020 | ||||
| f | f | ||||
| New | grants approved during the year (see details below) |
278,000 | 332,940 |
| 5. Other charitable |
expenditure | expenditure | ||
|---|---|---|---|---|
| 2021 | 2020 | |||
| f | f | |||
| Examiner's remuneration |
600 | 600 | ||
| Other expenses | 460 | 715 | ||
| 1,060 | 1,315 | |||
| 6. Fixed Asset Investments |
||||
| 2021 | 2020 | |||
| f | ||||
| Market value at 1April | 1,769,323 | 1,784,319 | ||
| Additions to investments | at | cost | 338 | |
| Disposals proceeds | (500,249) | |||
| Gains/(losses) on investment |
assets | 306,578 | (14,996) | |
| Market value at 31March | 1,575,990 | 1,769,323 |
| 2021 | 2020 | ||
|---|---|---|---|
| 6 | 6 | ||
| Grants payable | within one year | 60,000 | 120,000 |
| Accruals | 600 | 600 | |
| 60,600 | 25,600 |
| Grant commitments payable at 31March 2020 New grant commitments charged to the SoFA in period (see note 4) Less: Grants paid during the period |
140,000 278,000 358,000 |
|---|---|
| Grant commitments payable at 31March 2021 |
60,000 |
| Of which, payable in more than one year (2020:620,000) |
| 9. Analysis of funds |
||
|---|---|---|
| Total | ||
| Main grant | Unrestricted | |
| Fund | income fund | |
| f | f | |
| Fund brought forward at 1April 2020 Incoming resources Resources expended Gains and losses Fund carried forward at 31March 2021 |
2,351,365 132,272 (279,060) 306,578 2,511,155 |
2,351,365 132,272 (279,060) 306,578 2,511,155 |