| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | 1 to4 | |||
| Independent Examiner's |
Report | |||
| Statement of Financial | Activities | |||
| Balance Sheet | 7 to 8 | |||
| Notes to the Financial | Statements | 9to12 | ||
| Detailed Statement of |
Financial | Activities |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Unrestricted | ||||||
| funds | funds | ||||||
| Notes | F | ||||||
| INCOME FROM | |||||||
| Investment income |
35,513 | 44,445 | |||||
| Total | 35,513 | 44,445 | |||||
| EXPEND IT U RE ON | |||||||
| Raising funds | 10,917 | 11,415 | |||||
| Charitable activities |
|||||||
| Grant making | 22,640 | 9,640 | |||||
| Total | 33,557 | 21,055 | |||||
| Unrealised gains/(losses) |
on investment | assets | 229,595 | (31,260) | |||
| Realised gains/(losses) | on investment | assets | 96,396 | (12,224) | |||
| NET INCOME/(EXPENDITURE) | 327,947 | (20,094) | |||||
| RECONCILIATION | OF | FUNDS | |||||
| Total funds brought | forward | 1,879,931 | 1,900,025 | ||||
| TOTAL FUNDS CARRIED FORWARD | E2,207,878 | E1,879,931 |
| 2021 | 2020 | ||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| Notes | F | E | |
| FIX ED ASSETS | |||
| Investments | 10 | 2,199,393 | 1,848,807 |
| CURRENT ASSETS | |||
| Cash at bank | 93,723 | 93,722 | |
| 93,723 | 93,722 | ||
| CREDITORS | |||
| Amounts falling due within one year |
(85,238) | (62,598) | |
| NET CURRENT ASSETS/(LIABILITIES) | 8,485 | 31,124 | |
| TOTAL ASSETS LESSCURRENT LIABILITIES | 2,207,878 | 1,879,931 | |
| NET ASSETS | E2,207,918 | E1,879,931 | |
| FUNDS | |||
| Unrestricted funds |
12 | 2,207,878 | 1,879,931 |
| TOTAL FUNDS | E2,207,878 | F1,879,931 |
| 4. | RAISING FUNDS | ||||||
|---|---|---|---|---|---|---|---|
| Investment management |
costs | 2021 | 2020 | ||||
| Portfolio management | F10,917 | f11,415 | |||||
| 5. | CHARITABLE ACTIVITIES COSTS | Grant funding | Support | ||||
| ofactivities | costs | ||||||
| (See note 6) | (See note 7) | ||||||
| 2021 | 2021 | ||||||
| Grant making | F20,000 | F2,640 | |||||
| 2020 | 2020 | ||||||
| E7,000 | F2,640 | ||||||
| GRANTS PAYABLE | |||||||
| Grants approved | for payment | during | the year were as follows- | ||||
| To Institutions | Purpose | 2021 | 2020 | ||||
| E | |||||||
| Villa Scalabrini | Equipment | for care home | 2,000 | ||||
| Heartlands Trust |
Education | 5,000 | |||||
| Total to Institutions | 7,000 | ||||||
| Other grants | Covid support | 20,000 | |||||
| Total Grants Payable | F20,000 | F7,000 |
| 7. | SUPPORT | COSTS | ||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Governance | costs | F | ||||
| Independent | Examiner's | fees | 2,640 | 2,640 | ||
| E2,640 | E2,640 | |||||
| 8. | NET INCOME/(EXPENDITURE) | 2021 | 2020 | |||
| Net income | is stated after charging/(crediting): | |||||
| Independent | Examiner's | fees | E2,640 | E2,640 | ||
| 9. | TRUSTEES' REMUNERATION | AND BENEFITS |
| FIXEDASSET INVESTMENTS (excluding | FIXEDASSET INVESTMENTS (excluding | cash) | Listed |
|---|---|---|---|
| Investments | |||
| MARKET VALUE | E | ||
| At1 July 2020 | 1,828,439 | ||
| Additions | 1,632,759 | ||
| Disposals | (1,527,842) | ||
| Revaluations | 229,595 | ||
| Market value (excluding | cash) | 2,162,950 | |
| Cash held as part of investment | 36,443 | ||
| NET BOOK VALUE | |||
| At 30 June 2021 | E2,199,393 | ||
| At 30June 2020 | E1,848,807 |
| which are individually material within the investment portfoli |
o are detailed as follows: | |
|---|---|---|
| 2021 | 2020 | |
| F | F | |
| Equator UK Sovereign Bond Index Coutts US Equity Fund Index Coutts Actively Managed UK Equities Coutts Actively Managed US Equities iShares FTSE100 |
281,249 333,707 247,006 193,805 158,846 |
139,423 |
| Invesco US Treasury Bond 7-10year Edgewood US Growth Shares Multi Units Luxembourg |
102,467 92,822 300,275 |
| CREDITORS: | CREDITORS: | AMOUNTS | AMOUNTS | AMOUNTS | AMOUNTS | FALLING DUE WITHIN ONE YEAR | FALLING DUE WITHIN ONE YEAR | FALLING DUE WITHIN ONE YEAR | 2021 | 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
| E | F | |||||||||
| Accruals | and deferred | income | 85,238 | 62,598 | ||||||
| F85,238 | 262,598 | |||||||||
| NIOVEMENT | IN | FUNDS | Net | |||||||
| movement | ||||||||||
| At 1.7.20 | in funds | At 30.6.21 | ||||||||
| E | E | |||||||||
| Unrestricted | funds | |||||||||
| General | fund | 1,879,931 | 327,947 | 2,207,878 | ||||||
| TOTAL | FUNDS | E1,879,931 | F327,947 | E2,207,878 | ||||||
| Net movement | in funds, | included | in the above are as follows: | |||||||
| Incoming | Resources | Gains and | Movement in |
|||||||
| resources | expended | losses | funds | |||||||
| F | F | F | ||||||||
| Unrestricted | funds | |||||||||
| General | fund | 35,513 | 33,557 | 325,991 | 327,947 | |||||
| TOTAL | FUNDS | 235,513 | f33,557 | f325,991 | F327,947 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| F | E | |||||
| INCOME | ||||||
| Investment income |
||||||
| Interest received | 56 | 640 | ||||
| Dividends | 35,457 | 43,805 | ||||
| Total incoming resources |
35,513 | 44,445 | ||||
| EXPENDITURE | ||||||
| Investment management Portfolio management |
costs | 10,917 | 11,415 | |||
| Charitable activities |
||||||
| Grants | 20,000 | 7,000 | ||||
| Governance costs | ||||||
| Independent Examiner's |
Fees | 2,640 | 2,640 | |||
| 22,640 | 9,640 | |||||
| Total resources expended | 33,557 | 21,055 | ||||
| Net income/(expenditure) before movements unrealised gains and losses |
on | 1,956 | 23,390 | |||
| Gains and losses | ||||||
| Unrealised gain/(losses) |
on | investment | assets | 229,585 | (31,260) | |
| Realised gains/(losses) | on | investment | assets | 96,396 | (12,224) | |
| Net (expenditure)/income | 6327,947 | F(20,094) |