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2020-12-31-accounts

Legal Objects
Strategic Aims
Activities and	Achievements		in the year
Future plans
Financial review
Principal risks	and uncertainties
Structure and	Governance
Trustees Responsibilities
Administrative	details
Independent	Examiners	Report
Statement of	Financial Activities
Balance Sheet
Cashf low Statement
Notes to the Financial Statements

			General	Designated	Restricted	Total funds	Total funds
			fund	funds	fund	2020	2019
		Note	f	f	f	E	f
Incoming and endowments	from:
Donations		2			158,026	158,026	159,539
Charitable Activities		3	42,489		725	43,214	41,843
Investment income		4	37,694	2,748	1	40,443	45,328
			80,183	2,748	15S,752	241,683	246,710
Expenditure on:
Charitable activities		5	84,644		156,058	240,702	283,047
			84,644		156,058	240,702	283,047
Net Income/(expenditure)	before transfers		(4,461)	2,748	2,693	981	(36,337)
Transfers between funds		6	2,748	(2,748)
Other recognised gains/(losses)
Unrealised investment	gains			18,137		18,137	87,907
Net movement in funds			(1,713)	18,137	2,693	19,118	51,570
Total funds at 1January			6,425	1,085,834	45,525	1,137,784	1,086,214
Total funds at 31December		7	4,712	1,103,971	48,218	1,156,902	1,137,784

					2020	2019
				Note	6	6
Fixed Assets
Investments					1,104,222	1,086,085
					1,104,222	1,086,085
Current Assets
Debtors					30,484	37,503
Short term Investments					36,058	83,819
Cash at bank	and in	hand			73,440	64,143
					139,981	185,465
Creditors: amounts		faglng due within
one year				10	87,303	133,766
Net current	assets				52,678	51,699
Total assets	less current		liabilities		1,156,901	1,137,784
The funds ofthe charity:
General fund					4,712	6,425
Designated	funds				1,103,971	1,085,834
Restncted	income	funds			48,218	45,525
Total funds					1,156,901	1,137,784

						2020		2019
								f	f
Net cash inflow/(outflow)		from	operating
activities							(78,906)		(25,126)
Cash flows from investing
activities
Dividends, interest and rent			from investments			40,443		45,328
Disposal ofmvestments								67,209
Net cash provided by/(used		in)	investing
activities							40,443		112,537
Change in cash and cash	equivalents			in the reporting	period		(38,463)		87,411
Cash and cash equivalents		at 1January					147,961		60,551
Cash and cash equivalents		at31December					109,498		147,962
Recondllatlon ofnet Income to			net cash flow from operating			activities
							2I)22)		201
Net Income for the year ended 31December							19,118		51,570
Adjustments for:
6ains on investments							(18,137)		(87,907)
Dividends, interest and		rent	from investments				(40,443)		(45,328)
Decrease/(Increase)	in	operating		debtors			7,019		(16,557)
(Decrease)/Increase	in	operatmg		creditors					73,096
Net cash provided by operating			aaivities				78,906)		(25,126)
Analysis ofcash and cash	equivalents
Cash at bank and in hand							73,440		64,143
Cash on deposit							36,058		83,819
							109,498		147,962

				General	Designated	Restricted	Totalfunds
				fund	funds	funds	2020
							E
INCOMING	RESOURCES
2.	Donations
	Other grants
	GNN funding					147,254	147,254
	ASC					10,771	10,771
						158,026	158,026
				General	Designated	Restricted	Total funds
				fund	funds	fund	2019
				E		E	E
	Donations
	Other grants
	GNN funding					147,016	147,016
	ASC					12,523	12,523
						159,539	159,539
				General	Designated	Restricted	Total funds
				fund	funds	funds	2020
3.	Charitable ' Activity	Activities Income		42,489			42,489
	Sundry Income					725	725
				42,489		725	43,214
'1his includes a management			fee of612,358
				General	Designated	Restricted	Total funds
				fund	funds	fund	2019
	Charitable	Activities
	Activity Income			40,079		1,040	41,119
	Sundry income					724	724
				40,079		1,764	41,843

			General	Designated	Restricted	Total funds	Total funds
			fund	funds	fund	2020
			E	E	E	E
4.	Investmentlncome
	CBFDepositlnterest		334	28			362
	CBF Investment fund		15,762	2,720		18,483
	CBFProperty fund		21,598			21,598
			37,694	2,748	1	40,443
			General	Designated	Restricted	Total funds
			fund	funds	fund	2019
	InvestmentIncome
	CBF Deposit Interest						306
	CBF Investment fund		18,498			18,498
	CBFProperty fund		26,524			26,524
			45,326		2	45,328
			General	Designated	Restricted	Totalfunds
			fund	funds	funds	2020
			E	E	E		E
EXPENDITURE DN
	Charitable activities
	Special Publications		312		1,388		1,700
	Training
	Monitoring gr Evaluation
	Other Activity costs		7,267		32,492		39,758
	Conference expenses
	Grant to PDBFfor Salary	costs	82,544		89,002		171,545
	Other staff expenses		0
	Office support costs		(6,646)		17,673		11,027
	Independent examiner's	costs	1,168				1,168
	Legal Costs				3,146		3,146
	Management costs				12,358		12,358
			84,644		156,058		240,702
			General	Designated	Restricted	Total funds
			fund	funds	fund	2019
			E	E	E		E
	Charitable activities
	Special Publications		1,714		3,586		5,300
	Training				5,832		5,832
	Monitoring & Evaluation					40	40
	rdp programme
	Other Activity costs		33,992		38,954		72,946
	Conference expenses
	Grant to PDBFfor Salary	costs	64,850		101,351		166,201
	Other staff expenses		4,587		5,857		10,444
	OFBice support costs		(7,484)		8,400		916
	Independent examiner's	costs	2,004				2,004
	Legal Costs		5,999				5,999
	Management costs				13,365		13,365
			105,662		177,385		283,047

										Total
							General	Designated	Restricted	funds
							fund	funds	funds	2020
6.	Analysis of	Transfers	between	Funds
	Authorised	transfer from Investment			for	Income
	fund						2,748	2,748
							2,748	2,748
							General	Designated	Restricted	Total funds
							fund	funds	funds	2019
	Agreed transfer to support the			Paulsgrove		project	25,000	(25,000)
	Business Development		fund support		for Holy
	Roast I-lorsebox						12,577	(12,577)
	Authorised	transfer from Investment			for	Income
	fund
							37,577	I37,577)

Moveme	nt	of Funds
			At	1January	Income	Expenditure	Transfers	Gains/	At 31December
				2020				(Losses)	2020
				E	E	E	E	E	E
General	fund
General	Fund			6,425	80,183	(S4,644)	2,748		4,712
Designated		funds
Mission	Fund
Industrial		Mission
Business	Development			72,439	2,748		(2,748)	4,982	77,421
Investment		for Income		1,013,395				13,155	1,026,550
				1,085,834	2,748		(2,748)	18,137	1,103,971
Restricted
GNN				40,598	147,255	(152,148)			35,705
				4,927	11,496	3,910			12,513
				45,525	158,752	(156,058)			48,218
Total Funds				1,137,784	241,683	240,702)		18,137	1,156,902
			At	1January	Income	Expenditure	Transfers	Gains/	At 31December
				2019				(Losses)	2019
								E	E
General	fund
General	Fund			(10,895)	85,405	(105,662)	37,577		6,425
Designated		funds
Mission	Fund
Industrial	Mission
Business	Development			68,569			(12,577)	16,447	72,439
Investment		for Income		966,935			(25,000	71,460	1,013,395
				1,035,504			(37,577)	87,907	1,085,834
Restricted
GNN				61,605	147,742	(168,749)			40,598
ASC					13,563	(8,636)			4,927
				61,605	161,305	177,385			45,525
Total Funds				1,086,214	246,710	(283,047)		87,907	1,137,784

8.	Investments				At 1			Change in	At 31
					January			Market	December
					2020	Additions	Dlsposals	Value	2020
							E		E
	Unquoted investment				500				500
	General Fund				500				500
	CBFProperty fund				478,617			(23,776)	454,841
	CBF Investment	fund		units	606,968			41,913	648,881
	Designated Funds				1,085,585			18,137	1,103,722
	Total Funds				1,086,085			18,137	1,104,222
	Investments				At 1			Change in	At 31
					January			Market	December
					2019	Additions	Disposals	Value	2019
							E		E
	CBF Investment	fund		units
	CBFProperty fund
	Unquoted investment				500				500
	General Fund				500				500
	CBFProperty fund				491,504			(12,887)	478,617
	CBFInvestment	fund		units	573,383		(67,209)	100,794	606,968
	Designated Funds				1,064,887		(67,209)	87,907	1,085,SBS
	Tota I Funds				1,065,387		67,209)	87,907	1,086,085
9.	Debtors
								2020	2019
								E	E
	Sundry Debtors							20,564	26,140
	Accrued Investment			income				9,919	11,363
	Accrued GNN grant		income
								30,484	37,503
10.	Creditors: amounts		faglng due within		one year
								2020	2019
								E	E
	Sundry Creditors							6,285	24,635
	Paulsgrove National			Lottery funds				59,768	18,609
	Due to PDBFfor	CSR		costs					40,689
	Due to PDBFfor	GNN		costs					24,833
	Deferred GNN Income							21,250	25,000
								87,303	133,766

11.	Assets by Fund
			Investment	Current	Current	Net
			Assets	Assets	Llabnltles	Assets
	General fund
	General fund		500	70,265	(66,053)	4,712
	Designated funds
	Business Development	fund	77,135	287		77,422
	Investment for Income	fund	1,026,588	38		1,026550
			1,103,722	249		1,103,972
	Restricted funds
	GNN			56,955	(21,250)	35,705
	ASC			12,513		12513
				69,469	21,250	48,219
	Total Funds at 31st December 2020		1,104,222	139,983	(87,303)	1,156,903
			Investment	Current	Current	Net
			Assets	Assets	Llabgltles	Assets
	General fund
	General fund		500	89,858	(83,933)	6,425
	Designated funds
	Business Development	fund	72,152	287		72,439
	Investment for Income	fund	1,013,433	(38)		1,013,395
			1,085,585	249		1,085,834
	Restricted funds
	GNN			90,431	(49,833)	40,598
	ASC			4,927		4,927
				95,358	49,833	45,525
	Total Funds at 31stDecember 2019		1,086,085	185,465	(133,766)	1,137,784