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|||Page|
|---|---|---|
|General
information|||
|Report ofthe trustees||3-4|
|Statement
oftrustees'|responsibilities||
|Independent
auditors'|report|6-8|
|Statement offinancial|activities||
|Balance sheet||10|
|Cashf low statement|||
|Accounting
policies||12 - 13|
|Notes to the financial|statements|14 - 16|
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|||||Unrestricted|Expendable|Total|1otal|
|---|---|---|---|---|---|---|---|
|||||Income|endowment|this year|last year|
|||Note||Fundf|Fundf|2022f|202 f|
||Incoming resources|||||||
|4||||||||
||inveslmentincome||1|228,459||228,459|238,869|
||Total incoming
resourses|||228,459||228,459|238,869|
||Resources expended|||||||
||Charitab/e
activities|||||||
||Grant and donations|||453,000||453,000|301,000|
||Governance
cost|||5,580||5,580|6,420|
||Total resources expended|||458,580||458585|307,420|
||Net incoming/(outgoing)|resources||(230,121)||(230,121)|(68,551)|
||before transfers|||||||
||Gross transfers
between|funds||229,572|(229,572)|||
||Net income/(outgoing)
resources before|||||||
||other recognised
gains|and losses||(549)|(229,572)|(230,121)|(68,551)|
||Other recognised
gains|and losses||||549|(1,227)|
||Gains/(losses)/gains
on investments||||585,677|585,677|1,810,297|
||Net movements
in funds||||356,105|356,105|1,740,519|
||Fund balance
brought
forward at 6 April 2021||||8,277,631|8,277,631|6,537,112|
||Fund balance carried forward at 5 April 2022||||8,633,736|8,633,736|8,277,631|
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|As at ended 5April 2022|As at ended 5April 2022|As at ended 5April 2022|||||
|---|---|---|---|---|---|---|
||||||Total|Total|
|||||Note|this year|last year|
||||||2022|2021|
|Fixed assets|||||||
|Investment
at market value||||4|8,52~ 421|8,157,744|
|Current assets|||||||
|Debtors|||||54,747|59,153|
|Cash at Handelsbanken||Wealth|&Asset Mgt||46,678|142,393|
|Cash at Handelsbanken||Wealth|&Asset Mgt (USD account)||9469|8,921|
||||||110,894|210,467|
|Creditors: amounts|falling due within one year|||6|~5580|~90,580|
|Net current assets|||||105,314|119,887|
|Total assets less current liabilities..|||||8,633,736|8,277,631|
|Creditors: amounts|falling due after one year||||||
|Net assets|||||8,633,736|8,277,631|
|Funds|||||||
|Expendable
endowment||fund||8|8,633,736|8,277,631|
|Unrestricted
income|fund|||8|||
||||||8 633,736|8,277,631|
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||||2022|2021|
|---|---|---|---|---|
|Net income for the year|||(230,121)|(68,551)|
|Adjustments
for|||||
|Interest and dividends|||(228,459)|(238,869)|
|Decrease/(Increase)
in debtors|||4,406|828|
|(Decrease)/Increase
in creditors|||(85,000)|(89,352)|
|Cash flows from operating|activities||(539,174)|(395,944)|
|Cash flows from investing|activities||||
|Interest and dividends|||229,008|237,642|
|Proceeds from sale ofinvestments|||6,877,138|200,000|
|Purchase ofinvestments|||(6,662, 138)||
|Net cash used by investing
activities|||444,008|437,642|
|Change
in cash and cash equivalents|||(95,166)|41,698|
|Cash and cash equivalents|brought|forward|151,313|109,615|
|Cash and cash equivalents|carried forward||56,147|151,313|
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||||2022f|2021
f|
|---|---|---|---|---|
|1 Investment
income|||||
|COIF Charities
Investment
Fds Income Units|||44,003|45,451|
|COIF Charities
Global Equity|Income Fund Income|Units|15,150|14,530|
|COIF Charities
Investment
Fds Income Units||||44,762|
|COIF Charities
Global Equity|Income Fund Income|Units|15,061|15,061|
|COIF Charities
Investment
Fds Income Units||||44,762|
|COIF Charities
Global Equity|Income Fund Income|Units|45,071|15,150|
|COIF Charities
Investment
Fds Income Units||||44,003|
|COIF Charities
Global Equity
COIF Charities
Global Equity|Income Fund Income
Income Fund income|Units
Units|54,427
54,747 *|15,150|
|(tnvestment
income is ad unrestricted|funds income)||225453|238,869|
|2 Grants made|||||
|Optimus
Foundation|||300,000|250,000|
|Outdoor Adventures
for Girls|||500||
|Game & Wildlife Conservation|Trust||7,500||
|Whizz-Kidz|||100,000||
|Tushinde
Children's
Trust|||40,000||
|Port Isaac Harbour
Repairs|||5,000||
|St Endellion
Summer
Festival||||1,000|
|Cavoequiva||||10,000|
|(Grant expenditure
is all unrestricted|Fund expenditure)||453 000|261,000|
|Grants commitments|||||
|Tushinde
Children's
Trust||||40,000|
|||||40 000|
|3 Governance cost|||||
|Independent
Audit fees-|||1,500|1,500|
|Accountancy
fees—|||4,080|4,080|
|Assisting
with 2019/20 Audit process||||840|
|(Governance
expenditure
is aa unrestricted
fund expenditure)|||5,580|6,420|
|*Dividend
distributions
due but not paid at 5 April 2022|||||
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||||||||2022f|2021f|
|---|---|---|---|---|---|---|---|---|
|4 Market value|||||||||
|Carry (market) value at beginning||||of|year||8,157,744|6,547,447|
|Add Additions
at cost|||||||6,662,138||
|Less disposals at carry value|||||||(6,877,138)|(200,000)|
|Add/(deduct)
net gain/(loss)
Add/(deduct)
net gain/(loss)|||on disposals
on revaluation||||896,693
~311,018|42,242
1,768,055|
|Carry (market) value at end ofyear|||||||11,528 421|8,157,744|
|Bank Charges 8 Exchange|||rate|adjustments|||||
|Exchange rate variances|on||Dollar|account|||549|(1,227)|
||||||||549|~1,227|
|Analysis
of Investment|||||||||
||||||||*Mkt Value|*Mkt Value|
||||||||at year end|at year end|
|Fixed Assets|||||||||
|333,611.06COIF Charities||investment
Funds||||Income Units||5,980,445|
|885,945.01 COIF Charities||Global||Equity Income Fund Income Units|||8,528,421|2,177,299|
|Total|||||||8,528,421|8,157,744|
|(*Based on the mid market||valuations|||provided|by CCLA)|||
|5 Debtors|||||||||
|Dividends
due but not paid||at 5 April 2021'|||||54,747|59,153|
||||||||54,747|59,153|
|6 Creditors: amount
falling||due within one year|||||||
|Accountancy fees-|||||||4,080|4,080|
|Independent
Audit fees—|||||||1,500|1,500|
|Grants commitments||||||||85,000|
||||||||5,580|90580|
|7 Creditors: amount
falling||due after|||one year||||
|Grants commitments|||||||||
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|8|Analysis of|Funds|||||||
|---|---|---|---|---|---|---|---|---|
|||||At|Income|Expenditure|Gains/losses|At|
|||||06-Apr-21
f|||8 transfers
f|05-Apr-22
f|
||Expendable|endowment|funds|8,277,631|||356,105|8,633,736|
||Unrestricted|funds|||228,459|(458,580)|230,121||
|||||8,277 631|228459|~458,580|51!6226|8,633,736|
|||||At|Income|Expenditure|Gains/losses|At|
|||||06-Apr-20|||&transfers|05-Apr-21|
||||||||F||
||Expendable|endowment|funds|6,537,112|||1,740,519|8,277,631|
||Unrestricted|funds|||238,869|(307,420)|68,551||
|||||6,537,112|238,869|~307,421|1,809,070|8,277,631|
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