2020-12-31-accounts

								Page
Trustees' annual report		(incorporating		the	directors'	report)
Independent examiner's		report to the		trustees
Statement offinancial	activities		(including		income and expenditure		account)	10
Balance sheet
Notes to the financial	statements							12

				2020		2019
			Unrestricted	Restricted
			funds	funds	Total funds	Total funds
		Note		6	6	F
Income
Donations and legacies		5	42,697	39,453	82,150	40,054
Other trading activities		6	41,537	10,974	52,511	68,080
Investment income		7	3,014		3,014	3,781
Other income		8	287		287	3,027
Total income			87,535	50,427	137,962	114,942
Expenditure
Raising funds
Costs of raising donations		and legacies	3,963		3,963	3,208
Charitable activities		9	70,181	31,677	101,858	175,045
Other expenditure			2,292		2,292	2,672
Total expenditure			76,436	31,677	108,113	180,925
Net income/(expenditure)	and	net
movements in funds before gains and
losses on investments			11,099	18,750	29,849	(65,983)
Net gains on investments			6,843		6,843	27,130
Net income/(expenditure)	and	net
movement in funds			17,942	18,750	36,692	(38,853)
Reconciliation offunds
Total funds brought forward			155,659	44,853	200,512	239,365
Total funds carried forward			173,601	63,603	237,204	200,512

						2020		2019
					Note	6
Fixed assets
Investments					12		128,098		154,011
Current assets
Debtors					13	12,466		10,394
Cash at bank		and in	hand			129,496		43,248
						141,962		53,642
Creditors: Amounts			falling due within
one year					14	(32,856)		(7,141)
Net current assets							109,106		46,501
Total assets		less current		liabilities			237,204		200,512
Net assets							237,204		200,512
Funds ofthe		charity
Restricted funds							63,603		44,853
Unrestricted	funds						173,601		155,659
Total charity		funds			16		237,204		200,512

5.	Donations	and le	gacies
				Unrestricted	Restricted	Total Funds
				Funds	Funds	2020
				6	F	6
	Donations
	Donations	and gifts		28,862	25,000	53,862
	Grants
	Grants receivable for core activities			5,000	14,453	19,453
	Government	grant	income	8,835		8,835
				42,697	39,453	82,150
				Unrestricted	Restricted	Total Funds
				Funds	Funds	2019
					6	f
	Donations
	Donations	and gifts		39,884	170	40,054
	Grants
	Grants receivable		for core activities
	Government	grant	income
				39,884	170	40,054
6.	Other trading activities
				Unrestricted	Restricted	Total Funds
				Funds f	Funds f	2020 6
	Fundraising	events		41,537		41,537
	Lottery income				10,974	10,974
				41,537	10,974	52,511
				Unrestricted	Restricted	Total Funds
				Funds	Funds	2019
					F	6
	Fundraising	events		56,000		56,000
	Lottery income			12,080		12,080
				68,080		68,080

Ye	ar ended 3	1 December 2020
7.	Investment	income
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2020	Funds	2019
			r.	8	f	F
	Income from	fixed asset investments	3,014	3,014	3,781	3,781
8.	Other income
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds f	2020 8	Funds f	2019 8
	Referral income		287	287	2,252	2,252
	Rental income				775	775
			287	287	3,027	3,027

				Unrestricted	Restricted	Total Funds
				Funds	Funds	2020
				f		E
Wages, salaries	and pension		contributions	44,199	21,373	65,572
Events and course expenses				5,086	2,459	7,545
Newsletter and	information	sheets
Travel expenses	and subsistence			68	33	101
Other grants				1,224		1,224
Office expenses				7,532	3,643	11,175
Rent and room	hire			4,087	1,976	6,063
Insurance and subscriptions				416	201	617
Postage, stationery and printing				303	146	449
Bank charges				682	330	1,012
ITexpenses				2,267	1,097	3,364
Coagucheck funding				3,451		3,451
Independent examiner costs				866	419	1,285
				70,181	31,677	101,858
				Unrestricted	Restricted	Total Funds
				Funds	Funds	2019
				E	f	E
Wages, salaries	and pension		contributions	94,483	4,754	99,237
Events and course expenses				18,828	190	19,018
Newsletter and	information	sheets		5,004		5,004
Travel expenses	and subsistence			13,056		13,056
Other grants				1,448		1,448
Office expenses				5,858	399	6,257
Rent and room	hire			14,691		14,691
Insurance and subscriptions				648		648
Postage, stationery and printing				5,187		5,187
Bank charges				993		993
ITexpenses				6,064		6,064
Coagucheck funding				1,859		1,859
Independent examiner costs				1,583		1,583
				169,702	5,343	175,045

The Somerville Foundation is operated on a trustees basis. committee or any person connected with them has received or is the year directly of indirectly from Charity funds. Trustees were fNil (2019:fNil) during the year. Investments	No members of the management due to receive any remuneration for reimbursed expenses amounting to
	Listed
	investments
Cost or valuation
At 1 January 2020	154,011
Additions	32,447
Disposals	(43,637)
Fair value movements	(14,723)
At 31 December 2020	128,098
Impairment
At 1January 2020 and 31 December 2020
Carrying amount
At 31 December 2020	128,098
At 31 December 2019	154,011

13.	The historical Debtors	cos	t as	at the year end isf101,995(2019:2113,1	84).
					2020	2019
					9
	Prepayments	and	accrued income		12,466	3,954
	Other debtors					6,440
					12,466	10,394
14.	Creditors: Amounts			falling due within one year
					2020	2019
					8
	Trade creditors				52
	Accruals and	deferred		income	32,804	5,839
	Social security	and other taxes				1,302
					32,856	7,141
15.	Deferred income
					2020	2019
					r.	6
	Amount deferred		in year		28,907

						Expenditure
						and
						Investment
				1 Jan 2020 E	Income F	movements E	Transfers 31 Dec 2020 f 6
Restricted		funds
Fellowship	fund			44,853				44,853
COVID hardship fund					20,000	(5,000)		15,000
Somerville	hardship		fund		5,000	(1,250)		3,750
The National		Lottery
community	fund				25,427	(25,427)
				44,853	50,427	(31,677)		63,603
Designated		funds
SShackman		legacy	fund	114,832				114,832
Investment		reserve		40,827			(14,724)	26,103
				155,659			(14,724)	140,935
Unrestricted		funds
Unrestricted		income			87,535	(69,593)	14,724	32,666
Total funds				200,512	137,962	(101,270)		237,204

Year ended	31 D	ece	mber 201	9
							Expenditure
							and
							Investment
				At	1 Jan 2019	Income	movements	Transfers 31Dec 2019
					E	F	8	8	6
Restricted	funds
BDownie memorial			fund		700	170	(870)
Fellowship	fund				44,853				44,853
Utopia fund					3,973		(3,973)
Echocardiogram		for	Jamaica		500		(500)
					50,026	170	(5,343)		44,853
Designated	funds
S Shackman legacy			fund		168,136		(1,573)	(51,731)	114,832
BBCRadio	4Appeal					14,981	(14,981)
Investment	reserve				21,203			19,624	40,827
					(189,339)	(14,981)	16,554	32,107	(155,659)
Unrestricted funds
General fund						99,791	(131,898)	32,107
					239,365	114,942	(153,795)		200,512

Year ended	31 December 2020
			Net current
		Investments	assetsf	Total 6
Restricted	funds		63,603	63,603
Unrestricted	funds	128,098	45,503	173,601
		128,098	109,106	237,204
Year ended	31 December 2019
			Net current
		Investmentsf	assets	Total F
Restricted	funds		44,853	44,853
Unrestricted	funds	154,011	1,648	155,659
		154,011	46,501	200,512

										2020			2019	2019
	The carrying amount offinancial
	instruments at 31 December were:
	Financial assets measured	at amortised cost:
	Cash at bank and in hand									129,045		43,248
	Financial assets measured	at fair value:
	Investments									128,098	154,011
	Financial liabilities measured at amortised			cost:
	Trade creditors									52
20.	Operating lease commitments
	The total future minimum	lease payments	under non-cancellable					operating		leases are as follows:
										2020 F		2019 f
	Not later than 1 year									7,900
	Later than 1 year and not	later than 5years								1,975
										9,875
21.	Contingent liabilities
	The charity has received	income from a firm ofsolicitors					in the	year for 5285(2019:E3,564)			totalling			a
	running balance of525,337.These monies			relate	to unclaimed			client balances where the legal					owner
	could not be traced. The	donated monies		are covered			by an	indemnity		requiring the charity		to pay
	back the monies should the legal owner		be identified.			The trustees			are confident that they		will not be
	required to repay the donations and		therefore		no		liability	has	been	shown in these	financial
	statements.