2020-07-31-accounts - Igen Trust

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Tmstces' annual report	Tmstces' annual report	(incorporating	(incorporating	the	director's report)
independent	Fxaininer's Report		to the	Trustees ofigen Trust
Statement	of1mancial	activities	('including		income and cxpcnditurc	account)
Statement	ol' financial	position

					2020		2019
					Unrestricted
					I'unds	Total funds	Total funds
				!)(ote	f		f
Income and endowments
Investmcnt income				5	109,704	109,704	139,633
Total income					109,704	109,704	139,633
Expenditure
Expenditure on raising	I'unds:
Invesnnent management		costs		6	17,719	17,719	20,956
Expcnditurc on charitable activities				7,8	476,276	476,276	468,103
Total expenditure					493,995	493,995	489,059
Net (losses) gains on investments					(150.666)	(150)666)	20,327
Net expenditure and	net	movement	in funds		I'534,957)	(534,957)	(329,099)
Reconciliation offunds
Total funds brought fonvard					3,649.274	3,649/74	3,978,373
Total funds carried	forward				3,114,317	3,114317	3,649,274

31July 2020
			2020		2019
		Note
Fixed assets
Tangible fixed assets		16		699		l,80l
lnvestmcnts		17		2,963,244		3,626,928
				2,963,943		3,628,729
Current assets
Debtors		18	11,053		4,496
Cash at bank and in hand			142,151		18,829
			153,204		23,325
Creditors: amounts	falling due within
one year		19	2,830		2,780
Net current assets				150&374		20,545
Total assets less current liabilities				3,114@17		3,649,274
Net assets				3,114,317		3,649,274
Funds ofthe charity
Unrestricted funds				3,114,317		3,649,274
Total charity funds		20		3,114,317		3,649,274

Ye	ar ended 31July 2020
6.	Investment management costs
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2020	Funds	2019
	Portfolio ntanagcmcnt			17,704	17,704	20,926	20,926
	Bauk charges			15	15	30	30
				17,719	17,719	20,956	20,956
7.	Expenditure on charitable activities		by fund type
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2020	Funds	2019
				f.		K
	Covid emergency grants &f500			3.500	3,500
	Funding grants under K5,000			1,511	1,511
	Orb (Menial 1lealih)			13,200	13,200	13,294	13,294
	Converge (Mental Health)			51,395	51/95	43,535	43.535
	Arts Nctvvork (Mental klealth)			8,758	8,758	35,083	35,083
	Pioneer Pmjects (Mental Health)			12,800	12,800	12,800	12,800
	Dark Horse (Learning Disability)			26,055	26,055	26,227	36227
	Accessible Arts (Learning Disability)			19,500	19,500	21,592	21,592
	Outside the BoxCafe (Learning	Disability)		19,300	19/00	16,200	16,200
	Tang Hall Smart (I earning Disability)			28,720	28,720	9,000	9.000
	Chapel FM (Young People)			572	572
	Bolton Octagon (Young Pcoplc)			28,915	28,915	28,991	28,991
	Leeds Rhinos Foundation (Young People)			200	200	34,200	34,200
	SELFA (Young People)			46,113	46,113
	Braihay Trust rvith Leeds Rhinos	(Young
	People)			10	10	33,112	33,112
	Harrogate Skills 4 Life (Young People)			33,876	33,876	!4,999	14,999
	Blackpool 13GC (Young People)			46,137	46,137	46,167	46,167
	Care Lcavers (Young People)					14,789	14,789
	White Horse (Young People)			14,910	14,910	9,550	9,550
	Bolton Solidarity Community Association
	(Social Well'are)					23,711	23,711
	Bolton Somalia (Social Welfare)			5,973	5,973
	Futures Theatre (Social Welfare)			30,939	30,939
	Consultancy &travel support costs			59,638	59,638	63,008	63,008
	Goventance costs			24,254	24,254	21,845	21,845
				476.276	476,276	468,103	468.103

			Grant funding of		Total funds
			activities f.	Support costs	20211 f	Total fund 2019 f
	Covid emergency grants &f500 Funding grants under f5,000		3,500 1,500		3,500 1,511
	Orb (Mental Health)		13,200		13,200	13,294
	Converge (Mental Ilealth)		51,255	140	51,395	43,535
	Arts Nehvork (Mental Health)		8,555	203	8,758	35,083
	Pioneer Projects (Mental Health)		12,800		12,800	12,800
	Dark Ilorsc (Learning Disability)		26,043	12	26,055	26,227
	Accessible Arts (Learning Disability' )		19,500		19,500	21,592
	Outside thc BoxCafe (Learning	Disability)	19,300		19/00	16,200
	Tang I lail Smart (Learning Disability)		28,720		28,720	9,000
	Chapel FM (Young People)		572		572
	Bolton Octagon (Young People)		28,915		28,915	28,991
	Leeds Rhinos Foundation (Young People)		200		200	34,200
	SELFA (Young People)		46,050	63	46,113
	Bmthay Trust with Leeds Rhinos	(Young
	People)			10	10	33,112
	Harrogate Skills 4Life (Young People)		33,867	9	33,876	14,999
	Blackpool BGC(Young People)		46.137		46,137	46,167
	Care Leavers (Young People)					14,789
	White Horse (Young People)		14,910		14,910	9,550
	Bolton Somalia (Social Welfare)		5,900	73	5,973
	Bolton Solidarity Community Association
	(Social Wclfarc)					23,711
	I utures Theatre (Social Well'arc)		30,645	294	30,939
	Consultancy &travel support costs			59,Ci38	59,638	(i3,008
	Governance costs			24,254	24,254	21,845
			391,56i9	84,707	476,276	4(i8,103
9.	Analysis ofsupport costs
				Support costs	Total 2020	Total 2019
	Governance costs			24,254	24,254	21,845
	Consultancy & travel support costs			60,453	60,453	65,235
				84,707	84,707	87,080
10.	Analvsis ofgrants
					2020	2019
	Grants to institutions
	Grants to institutions				391,569	381,023
	Total grants				391,569	381.023
	An analysis ot' the grants is shou	n in note 8.

11.	fvfet (losses)/	gain	s on in	vest	ment	s
								Unrestricted	Total Funds	Unrestricted	Total Funds
								Funds	2020	Fullds	2019
								f
	(Losses)/gains		on listed	investments				(148,298)	(148,298)	25,588	25,588
	(Losses) on	other investment			assets			(2,368)	(2/68)	(5,261)	(5.26I)
								(150,666)	(150,666)	20,327	20,327
12.	Net expenditure
	Vct cxpcnditurc		is stated	after charging/(crediting):
										2020	2019
										K
	Depreciation	oftangible		ftxed assets						1,102	1,102
13.	Independent	examination			fees
										2020	2019
										K
	Fees payable	to	the independent			examiner	for:
	Independent	examination		ofthe		ftnanCial	statements			2,800	3.300
										2,800	3,300


16.	Tangible fixed assets
						Equipment
	Cost
	At I August 2019and 31July 2020					3,865
	Depreciation
	At I August 2019					2,064
	Charge for the year					1,102
	At 31July 2020					3,166
	Carrying amount
	At 31July 2020					699
	At 31 July 2019					1,801
17.	Investments
	Cash	or cash	Listed	Investment	Other
	equi valcllts		iuvestments	properties	investments	Total
	Cost or valuation
	At I August 2019	147,568	2,745,941	360,000	373.419	3,626,928
	Additions		402,018		115,447	517,465
	Disposals	(98,450)	(866,798')		(65,235)	(1,030,483)
	Other movements		(148,298)		(2,368)	(I50,666)
	At 31July 2020	49,118	2,132,86i3	360,000	421,263	2,963,244
	Impairment
	At I August 2019snd
	31July 2020
	Carrying amount
	At 31July 2020	49,118	2,132,86i3	360,000	421,263	2,963,244
	At 31July 2019	147,568	2,745,941	360,000	373,419	3,626,928

18.	Debtors
					2020	2019
	Prepayments	and accrued income			9,219	4,273
	Other debtors				1,834	223
					11,053	4.496
19.	Creditors: amounts		falling due within	one year
					2020	2019
						8
	Accruals and	deferred	income		2,830	2,780

			At				At
			I August 2019	Income	Expenditure	Gains and losses	3l July 2020
General	funds		3,649,274	109,704	(493,995)	(150,666)	3,114/17
			At				At
			I August 2018	income	Fxpcnditure	Gains and losses	31 July 2019
							f
Gcncral	funds		3,978,373	I39,633	(489,059)	~0,327	3,649,274
Analysis	ofnet assets behyeen		funds
						Unrestricted	Total I'unds
						Funds	2020
							f
Tangible	fixed assets					699	699
Investments						2,963,244	2,963,244
Current	assets					153,204	153,204
Creditors	less than	I year				(2,830)	(2,830)
Net assets						3 114317	3,114,317
						Unrestricted	Total Funds
						I-'unds	2019
						f.
Tangible	fixed assets					1,80 I	1,801
Investments						3,626,928	3,626.928
Current assets						23,325	23,325
Creditors	less than	I year				(2.780)	(2,780)
Net assets						3,649,274	3,649274