2020-12-31-accounts

		Page
Repeat ofthe Trustees
Independeat Bsamineds Report
Statement ofFinancial Activities
Balance Sheet
Notes tothe Financial Statements	5	to	11
Detailed Statement ofFinancial Activities

		2020	2019
		Unrestricted	Total
		ftllltl	funds
INCOME ANDENDO~ FROM	Notes
Donations and legacies		187,908
EXPENDITURE ON
Charitable activities
Grant making		538,655	423,941
Net gains on investments		303,321	825,126
NET INCOME/(EXPENDITURE)		(47,426)	401,186
RECONCILIATION OFFUNDS
Total funds bmught forward		1.987,124	1,585.938
TOTAL FUNDS CARRIED FORWARD		1,939,698	1,987,124

				„'-"-,.4..='8';.'-'-;"-.
			Balance Sheet
			31Beceinber2020
				..2020r;."„'!'. ':= 2019q UnreaniCted S~,rkTa(bir fuhd " "':4 'fiicds~
			Notm
IIXKD	ASSETS
Investments			10	902,111'		' "438602
CURRKNTASSEIS
Cash at	bank			.'it' i+54,IVI	r.	1438,8422+
CSKi00CORS
Amounts	fnllingdueudlthh	one reer		(10+84).'..		"'4' (10,320)Ir,
NETCURRENT ASSETS
TOTALASSEIS LESSCURRKNT						1	~', ir.r:
LIA

	DONATIONS AND LEGACIES
				2020	2019
	Donations			187,908
3.	CHARITABLEA~S COSTS
			Grant
			funding of
			activities	Support
		Direct	(see note	costs (see
		Costs	4)	note 5)	Totals
	Grant making	1,449	437,000	100,206	538.655
4.	GRANTS PAYABLE
				2020	2019
	Grant making			437,000	340,846

				for th	e year en	ded 31December 2	020
	GRANTS PAYABLE - continued
	The total grants paid to		institutions	during	the year	was as follows:
								2020	2019
	Peace First Inc							65,000	24,846
	BTBEducation Limited								30,000
	Get Further Limited							25,000	25,000
	Keyfund federation								35,000
	The Difference							35,000	30,000
	The Real ly Neet PR							35,000	36,000
	The Roots Programme								20,000
	Weseehope							50,000	105,000
	Embassy ofBlackness							2,000
	Unloc Online							30,000
	Young Trustees Movement							10,000	10,000
	Challenge &Change Fund							35,000
	Lighthouse Childrens	Home						35,000	25,000
	lvly BestLife							15,000
	Lemning with Parents							35,000
	Whatever it Takes							30,000
	Fair Education Alliance							35,000
								437,000	340,846
5.	SUPPORT COSTS
								Governance
						Management	Finance	costs	Totals
	Grant making					41,946	1,435	56,825	100,206
	Suppott costs, included		in the above, are as follows;
								2020	2019
								Grant	Total
								making	activities
	Wages							39,733	41,836
	Social security							1,013	943
	Pensions							1,200	1,160
	Bank charges							1,435	961
	Consulting services							53,625	33,482
	Accountancy and legal		fees					3,200	1,740
								100,206	80,122

STAFFCOSTS
					2020	2019
Wages and salaries					39,733	41,836
Social security costs					1,013	943
Other pension costs					1,200	1,160
					41,946	43,939
The average monthly	number ofemployees		during	the year was as folloivs:
					2020	2019
Grant making					1	1
No employees received emoluments		in excess off60,000.
COMPARATIVES FORTHESTA~ OF				FINANCIAL ACTIVITIES
						Unrestricted
						fund
INCOME ANDENDO~		FROM
Donations and legacies
EXPENDITURE ON
Charitable activities
Grant making						423,941
Net gains on investments						825,126
NET INCOME						401,186
RECONCILIATION	OFFUNDS
Total funds bmught forward						1,586,938
TOTAL FUNDS CARRIED FORWARD						1,987.124

TANGIBLE FIXEDASS	ETS
		Computer
		equipment
COST
At 1 January 2020 and 31	December 2020	10,056
DEPRECIATION
At 1 January 2020 and 31	December 2020	10,056
NBTBOOKVALUE
At 31December 2020
At 31December 2019
HXEDASSETINVES~
		Listed
		investments
MARKET VALUE
Atl January 2020		458,602
Additions		145,908
Revaluations		297„601
At 31December 2020		902,111
NBTBOOKVALUE
At 31December 2020		902.111
At 31 December 2019		458,602
There were no investment	assets outside the UK.

									2020	2019
	Taxation	and	social security							1,471
	Other creditors								16,584	8,849
									16,584	10,320
12.	MOVEMENT			IN FUNDS
									Net
									movement	At
								At 1.1.20	in funds	31.12.20
	Unrestricted		funds
	General	fund						1,987,124	(47,426)	1,939,698
	TOTAL	FUNDS						1,987,124	(47,426)	1,939,698
	Net movement			in funds, included		in the above	are as follows:
							Incoming	Resources	Gains and	Movement
							resources	expended	losses	in funds
	Unrestricted		funds
	General	fund					187,908	(538,655)	303,321	(47,426)
	TOTAL	FUNDS					187,908	(538,655)	303,321	(47,426)
	Comparatives			formovement	in funds
									Net
									ntovement	At
								At 1.1.19	ill fultds	31.12.19
	Unrestricted		fimds
	General	fund						1,585,938	401,186	1,987,124
	TOTAL	FUNDS						1,585,938	401,186	1,987,124

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrestricted	funds
General fund			(423,941)	825,126	401,186
TOTAL FUNDS			(423,941)	825,126	401,186

			Detailed Statement ofFinancial Activities
			for fne year ended 31December 2020
				2020	2019
INCOME ANDENDO~
Donations and	legacies
Donations				]87,908
Total incoming	resources			187,908
Charitable activities
Subscriptions				896	659
Consulting &Sofhvare		development	seivices	128
Travel				425	2,314
Grants to institutions				437,000	340.846
				438,449	343,819
Support costs
Management
Wages				39,733	41,836
Social security				1,013	943
Pensions				1,200	1,160
				41,946	43,939
Finance
Bank charges				1,435	961
Governance costs
Consulting services				53,625	33,482
Accoimtancy	and legal fees			3,200	1„740
				56,825	35.222
Total resources	expended			538,655	423,941
Net expenditure	before	gains and losses		(350,747)	(423,940)
Realised recognised gains and losses
Realised gains/(losses)		on fixed asset	invesiments	303,321	366,529
				(47,426)	(57,411)