| Unrestricted funds |
Endowment | 7 tai F | ||||
|---|---|---|---|---|---|---|
| Notes | 5 | E | 6 | |||
| 2020 | 2020 | 2020 | 2019 | |||
| INCOME | ||||||
| Income from charitable activities |
||||||
| Grants | 2a | 50,000 | 50,000 | 50,000 | ||
| Income from investments | 2b | 7,920 | 7,920 | 35,338 | ||
| Other income | ||||||
| Total income | 50.000 | 7,920 | 57,920 | 85,338 | ||
| EXPENDITURE | ||||||
| Investment management |
costs | 10,706 | 10,706 | 23,329 | ||
| Expenditure on charitable |
adivities | 3a | 311,490 | - | 311,490 | 617,122 |
| Total expenditure | 311,490 | 10,706 | 322,196 | 640,451 | ||
| Net income/(expenditure) | before transfers | |||||
| between funds | (261,490) | (2,786) | (264,276) | (555,113) | ||
| Gross transfers between |
funds | 350,000 | (350,000) | |||
| Net income/(expenditure) | before gains | |||||
| and losses on investments | 88,510 | (352,786) | (264,276) | (555,113) | ||
| Net gainer(losses) on investments |
7I& | 21,973 | 21,973 | 200.909 | ||
| NET MOVEMENT IN FUNDS |
88,510 | (330,813) | (242,303) | (354,204) | ||
| Fund balances brought forward |
185,107 | 815,232 | 1,000,339 | 1,354,543 | ||
| Fund balances cerned forward |
273,617 | 484419 | 758036 | 1000339 |
| 2020 | 2020 | 2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Notes | E | 5 | 5 | ||||||
| FIXEDASSETS | |||||||||
| investments | |||||||||
| I 238 887 | I 569 698 | ||||||||
| I 230 887 | I 569,698 | ||||||||
| CURRENTASSETS | |||||||||
| Debtors | |||||||||
| Cash al bare and in | hand | 10754 | 19958 | ||||||
| 22 101 | 96023 | ||||||||
| 32855 | 115981 | ||||||||
| CREDITORS: Amounts | faS(ng due within one year | 10 | (345 463) | ||||||
| NET CURRENT LIABILITIES | |||||||||
| (312. 08) | (251 792) | ||||||||
| Credtlors; Amounts |
Ia0(ng | duo greater than ono year | (168.243) | (317567) | |||||
| NET ASSETS | |||||||||
| 758,036 | 1 000,339 | ||||||||
| FUNDS | |||||||||
| General unreslnrned Endowment tunes |
fund | 12 12 |
273.617 404,419 |
185 107 815232 |
|||||
| 758,036 | 1 000339 | ||||||||
| Tne accounts were approved by Ihe Boartt o(Trustees on ~Lc(4orng+or |
.5........). | f | 2/..and signed | by |
| Unrestricted funds |
Unrestricted funds |
Endowment funds |
TotalFunds | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 2019 | 2019 | 2019 | |||||||
| 6 | E | 6 | |||||||
| INCOME | |||||||||
| Grants | 50,000 | 50,000 | |||||||
| Investment | income | 4 | 35,334 | 35,338 | |||||
| Other income | |||||||||
| 50004 | 35334 | 85338 | |||||||
| EXPENDITURE | |||||||||
| Investment | management | costs | 23,329 | 23,329 | |||||
| Charitable | activities | 617122 | 617122 | ||||||
| 617,122 | 23,329 | 640,451 | |||||||
| Transfer between funds | 420,000 | (420,000) | |||||||
| Net gains/(losses) on investments |
200,909 | 200,909 | |||||||
| NET MOVEMENT IN FUNDS | 147,118 | 207,086 | 354,204 | ||||||
| 5. STAFF | COSTS | ||||||||
| 2020 | 2019 | ||||||||
| 6 | 6 | ||||||||
| Salaries | 24,422 | 16,512 | |||||||
| Pensions | 404 | 283 | |||||||
| 24,826 | 16,795 | ||||||||
| No employee | earned over | 660,000 | (including | taxable benefits but excluding | employer | pension | contributions) | during the | |
| year. | |||||||||
| The average | number ofemployees | during the | year was as follows'. | ||||||
| 2020 | 2019 |
| (a)Valuation ofliste | d in | v | estm | ents | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||||||
| 5 | 5 | |||||||||
| Market value at 1 January | 2020 | 1,535,249 | 1,574,610 | |||||||
| Additions at cost |
58,285 | 405,219 | ||||||||
| Disposals at opening | market value | (382,144) | (645,491) | |||||||
| Net unrealised gain/(loss) |
on investment | revaluation | 18,041 | 200,911 | ||||||
| 1,229,431 | 1,535,249 | |||||||||
| Cash held by investment | advisors | 9,456 | 34,449 | |||||||
| Market value at 31 December | 2020 | 1238887 | 1569698 | |||||||
| (b)Total gains/(losses) | on listed invesbnents | |||||||||
| 2020 | 2019 | |||||||||
| E | 6 | |||||||||
| Proceeds from disposal | 386,076 | 645,489 | ||||||||
| Canying value ofdisposed |
investments | 382,144 | 645,491 | |||||||
| 3,932 | (2) | |||||||||
| Unrealised gains/(losses) |
18,041 | 200,911 | ||||||||
| Total gains/(losses) | 21,973 | 200,909 | ||||||||
| (c)Analysis between |
listed investments | |||||||||
| 2020 | 2019 | |||||||||
| 8 | E | |||||||||
| UK investments | 1,238,887 | 880,949 | ||||||||
| Rest ofthe world investments | 688,749 | |||||||||
| 1,238,887 | 1,569,698 | |||||||||
| The trustees consider | individual | investment | holdings | in excess of 5'/o ofthe market | value ofthe portfolio to be | material, | ||||
| each ofthe following | holdings | have a material | value. | |||||||
| 2020 | 2019 | |||||||||
| 6 | f | |||||||||
| HSBC Holdings Pic |
68,193 | 106,542 | ||||||||
| Scottish 8 Southern Energy |
105,335 | |||||||||
| 68,193 | 211,877 | |||||||||
| Investments where holding |
is less than | 5'%%d | ofthe total market value | 1,170,694 | 1,357,821 | |||||
| 1,238,887 | 1,569,698 |
| Unrestricted | Endowment |
|---|---|
| funds | funds |
| 6 | 6 |
| 350,000 | (350.000) |
| 350,000 | 350,000 |
| 9. DEBTORS | ||||
|---|---|---|---|---|
| 2020 | 2019 | |||
| 6 | 6 | |||
| Prepayments | 10,256 | 16,431 | ||
| Other debtors | 498 | 3,527 | ||
| 10,754 | 19,958 | |||
| 10. CREDITORS: | AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||
| 2020f | 2019 6 |
|||
| Trade creditors | 5,868 | 5,803 | ||
| Accrued educational | expenses | 327,713 | 349,180 | |
| Other accrued expenses | 11,882 | 12.790 | ||
| 345.463 | 367,773 | |||
| 11.CREDITORS: | AMOUNTS | FALLING DUE AFTER ONE YEAR | ||
| 2020 | 2019 | |||
| 6 | 6 | |||
| Accrued educational | expenses | 168,243 | 317.567 | |
| 168,243 | 317,567 |
| 12. FUNDS | ||||||
|---|---|---|---|---|---|---|
| Transfer | ||||||
| Brought | Movement | between | Carried | |||
| forward 6 |
in funds 6 |
fundsf | forward f |
|||
| Unrestricted | funds | 185,107 | (261,490) | 350,000 | 273,617 | |
| Endowmentfunds | 815,232 | 19,187 | (350,000) | 484,419 | ||
| Gamed forward | 1.000,339 | 242,303 | 758,036 | |||
| Analysis of | movement | In funds | ||||
| Incoming | Outgoing | Gains 8 | Movement in |
|||
| Resources | Resources | losses | funds | |||
| E | E | E | 6 | |||
| Unrestricted funds Endowmentfunds |
50,000 7,920 |
(311,490) (10,706) |
21,973 | (261,490) 19,187 |
||
| 57,920 | 322,196 | 21,973 | 242,303 |