|||||Page|
|---|---|---|---|---|
|Report ofthe Trustees||||1 to4|
|Independent<br>Examiner's||Report|||
|Statement of Financial||Activities|||
|Balance Sheet||||7 to 8|
|Notes to the Financial|Statements|||9to12|
|Detailed Statement<br>of|Financial||Activities||





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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Unrestricted|
|||||||funds|funds|
||||||Notes||F|
|INCOME FROM||||||||
|Investment<br>income||||||35,513|44,445|
|Total||||||35,513|44,445|
|EXPEND IT U RE ON||||||||
|Raising funds||||||10,917|11,415|
|Charitable<br>activities||||||||
|Grant making||||||22,640|9,640|
|Total||||||33,557|21,055|
|Unrealised<br>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|





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|||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<br>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<br>funds|12|2,207,878|1,879,931|
|TOTAL FUNDS||E2,207,878|F1,879,931|





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|4.|RAISING FUNDS|||||||
|---|---|---|---|---|---|---|---|
||Investment<br>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<br>Trust||Education||||5,000|
||Total to Institutions||||||7,000|
||Other grants||Covid support|||20,000||
||Total Grants Payable|||||F20,000|F7,000|





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|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|||



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|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<br>material<br>within the investment<br>portfoli|o are detailed as follows:||
|---|---|---|
||2021|2020|
||F|F|
|Equator<br>UK Sovereign<br>Bond Index<br>Coutts US Equity Fund Index<br>Coutts Actively<br>Managed<br>UK Equities<br>Coutts Actively<br>Managed<br>US Equities<br>iShares FTSE100|281,249<br>333,707<br>247,006<br>193,805<br>158,846|139,423|
|Invesco US Treasury<br>Bond 7-10year<br>Edgewood<br>US Growth Shares<br>Multi Units Luxembourg||102,467<br>92,822<br>300,275|



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|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<br>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|



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||||||2021|2020|
|---|---|---|---|---|---|---|
||||||F|E|
|INCOME|||||||
|Investment<br>income|||||||
|Interest received|||||56|640|
|Dividends|||||35,457|43,805|
|Total incoming<br>resources|||||35,513|44,445|
|EXPENDITURE|||||||
|Investment<br>management<br>Portfolio management||costs|||10,917|11,415|
|Charitable<br>activities|||||||
|Grants|||||20,000|7,000|
|Governance costs|||||||
|Independent<br>Examiner's|Fees||||2,640|2,640|
||||||22,640|9,640|
|Total resources expended|||||33,557|21,055|
|Net income/(expenditure)<br>before movements<br>unrealised<br>gains and losses||||on|1,956|23,390|
|Gains and losses|||||||
|Unrealised<br>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)|