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|Reference and administrative
advisers|details ofthe charitable|company,|its Trustees and||
|Trustees'
report||||2-5|
|Independent
examiner's
report|||||
|Statement offinancial activities|||||
|Balance sheet||||8-9|
|Notes to the financial statements||||10-20|
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|||||Unrestricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
|||||2021|2021|2021|2020|
||||Note|6|8|8||
|Income and endowments||from:||||||
|Investments||||31,736||31,736|33,042|
|Total income and|endowments|||31,736||31,736|33,042|
|Expenditure
on:||||||||
|Raising funds|||4|3,239|13,381|16,620|16,678|
|Charitable
activities|||6|117,468||117,468|124,659|
|Total expenditure||||120,707|13,381|134,088|143,347|
|Net gains on investments|||||53,020|53,020|116,780|
|Net (expenditure)/income||||(88,971)|39,639|(49,332)|6,475|
|Transfers
between|funds||14|88,971|(88,971)|||
|Net movement
in funds|||||(49,332)|(49,332)|6,475|
|Reconciliation offunds:||||||||
|Total funds brought|forward|||25,000|1,524,122|1,549,122|1,542,647|
|Net movement
in funds|||||(49,332)|(49,332)|5,475|
|Total funds carried|forward|||25,000|1,474,790|1,499,790|1,549,122|
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|||||2021||2020|
|---|---|---|---|---|---|---|
|||Note||E|||
|Fixed assets|||||||
|Investments
-Listed||11||1,232,673||1,290,394|
|Investments
—Land||10||220,000||220,000|
|||||1,452,673||1,510,394|
|Current assets|||||||
|Cash at bank and|in hand||63,524||44,815||
||||63,524||44,615||
|Creditors: amounts|falling due within one||||||
|year||12|(16,407)||(5,887)||
|Net current assets||||47,117||38,728|
|Total assets less|current liabilities|||1,499,790||1,549,122|
|Total net assets||||1,499,790||1,549,122|
|Charity funds|||||||
|Endowment
funds||14||1,474,790||1,524,122|
|Restricted funds||14|||||
|Unrestricted
funds||14||25,000||25,000|
|Total funds||||1,499,790||1,549,122|
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|||||Unrestricted|Endowment|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2021|2021|2021|
||||||6|5|
|Investment|management||costs||13,381|13,381|
|Land management||costs||3,239||3,239|
|||||3,239|13,381|16,620|
|||||Unrestricted|Endowment|Total|
|||||funds|funds|funds|
|||||2020|2020f|2020|
|Investment|management||costs||13,397|13397|
|Land management||costs||5,281||5,281|
|||||5,281|13,397|18,678|
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|||||||Grants to|Total|
|---|---|---|---|---|---|---|---|
|||||||Institutions|funds|
|||||||2021|2021|
|||||||E|5|
|Grants|paid|in|the|year||100,000|100,000|
|||||||Grants to|Total|
|||||||institutions|funds|
|||||||2020f|2020f|
|Grants|paid|in|the|previous|year|110,000|110,000|
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||||2021
f|2020
8|
|---|---|---|---|---|
|Newcastle|University - Faculty of Medical Sciences|||10,000|
|The Childrens||Hospital Society|100,000|100,000|
||||100,000|110,000|
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|Unrestricted|Total|Total|
|---|---|---|
|funds|funds|funds|
|2021|2021|2020|
|117,468|117,468|124,669|
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|Grant|||
|---|---|---|
|funding of|Support|Total|
|activities|costs|funds|
|2021f|2021
8|2021|
|100,000|17,468|117,468|
|Grant|||
|---|---|---|
|funding oi|Support|Total|
|activities|costs|funds|
|2020f|2020|2020|
|f10,000|14,669|124,669|
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||||Allocated to|||
|---|---|---|---|---|---|
||||grant|Total|Total|
||||activities|funds|funds|
||||2021|2021|2020|
||||6|||
|Legal and professional||costs|7,150|7,150|9,707|
|Independent|examiners|fees|525|525|510|
|Governance|costs||9,793|9,793|4,452|
||||17,468|17,468|14,669|
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|Governance|costs are made us as follows:|||
|---|---|---|---|
|||2021|2020|
|||6|6|
|Accountancy|and secretarial costs|9,720|4,450|
|Bank charges||3|2|
|||9,723|4,452|
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||Freehold|
|---|---|
||investment|
||property
6|
|Valuation||
|At 1 February 2020|220,000|
|At 31January 2021|220,000|
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|||Cash||
|---|---|---|---|
|||deposits||
|||with||
||Listed|investment||
||investments|manager|Total|
||6|6|6|
|Cost or valuation||||
|At 1 February 2020|1,266,461|23,933|1,290,394|
|Additions|279,409|383,365|662,774|
|Disposals|(394,045)|(379,469)|(773,514)|
|Revaluations|53,020||53,020|
|At 31January 2021|1,204,845|27,829|1,232,674|
|Net book value||||
|At 31January 2021|1,204,845|27,829|1,232,674|
|At31 January 2020|1,266,461|23,933|1,290,394|
|||||2021|2020|
|---|---|---|---|---|---|
|||||8||
|Investment
in shares||||1,204,846|1,266,461|
|Cash deposits
held by|investment||manager|27,828|23,933|
|Total market value||||1,232,674|1,290,394|
|Valuation||||||
|All investments
are stated at their market values as at 31January 2021.Ofthe
a loss ofE31,407was realised
during the year and 664,427was an unrealised||||total gains of
gain.|853,020,|
|Matertal investments||||||
|||||2021|2020|
|||||8|5|
|Material investments
are deemed to bethose with afair value greater
of5%ofthe total value offixed asset investment
and are set out||||||
|below:||||||
|Majedie UK equity Fund|||||66,883|
|Merian
UK Alpha Fund|||||63,925|
|0.125% UK Treasury Stock||||60,918|60,512|
|MU Lyxor Core US||||65,973|61,200|
|JPMorgan
America
Equirt Fund||C|USD|68,678|59,459|
|Findlay Park American|Fund USD||||60,219|
|||||195,569|372,178|
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||||||2021|2020|
|---|---|---|---|---|---|---|
||||||8||
|Financial|assets||||||
|Financial|assets measured|at fair value through||income and expenditure|1,204,846|1,266,461|
||||||2021|2020|
||||||8||
|Financial|liabilities||||||
|Financial|liabilities measured|at amortised|cost||15,207|5,887|
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|||Balance at 1|||||Balance at|
|---|---|---|---|---|---|---|---|
|||February
2020
8|Income
6|Expenditure
8|Transfers
in/out
f|Gains/
(Losses)
8|31January
2021
8|
|Unrestricted||||||||
|funds||||||||
|General|Funds|25,000|31,736|(120,707)|88,971||25,000|
|Endowment||||||||
|funds||||||||
|Endowment||||||||
|Fund||1,524,122||(13,381)|(88,971)|53,020|1,474,790|
|Total of|funds|1,549,122|31,736|(134,088)||53,020|1,499,790|
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|Analysis o|fnet assets between funds - prio|r period|||
|---|---|---|---|---|
|||Unrestricted|Endowment|Total|
|||funds|funds|funds|
|||2020
f|2020
f|2020|
|Fixed asset|investments||1,290,394|1,290,394|
|Investments|-land||220,000|220,000|
|Current assets||30,887|13,728|44,615|
|Creditors due within one year||(5,887)||(5,887)|
|Total||25,000|1,524,122|1,549,122|
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