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|||||Note|2021|2021|2021|2020|
|---|---|---|---|---|---|---|---|---|
||||||Restricted|Unrestricted|Total|Total|
|Income and endowments|from:||||||||
|Legacies received||||||||5,000|
|Donations received|||||1,013||1,013|1,013|
|Investments:|||||||||
|Investment
income|||||181,$33|148,651|330,484|391,045|
|Interest receivable|||||13|1-1|24|417|
|Total income|||||182,859|148,662|331+21|397,475|
|Total expenditure:|||||||||
|Bursaries awarded||||10|(147,605)|80,102|(67403)|(764,783)|
|Unwinding
ofbursary discount||||10|(19@31)|(15,192)|(34%523)|(24,486)|
|Grants to Eton|||||(1,700)||(1,700)|(1,700)|
|Support costs: investment||management|fees||(12,970)|(10,603)|(23,573)|(45,685)|
|Support costs: other||||4|(3,899)|(3,1$9)|(7,088)|(6,850)|
|Total expenditure|||||(185,505)|51,118|(134@87)|(843,504)|
|Net (expenditure)
/ income
losses on investments||before gains|and||(2,646)|199,780|197,134|(446,029)|
|Net gains / (losses) on investments||||5|1,525,439|1,247,079|2,772,51$|(28,455)|
|Net income / (expenditure)
net movement
in funds||forthe year|being||1,522,793|1,446,859|2,969,652|(474,484)|
|Total Fund balances brought forward||||11|$,025,758|6,575,044|14,600,$02|15,075,286|
|Total Fund balances carried forward|||||9,548,551|8,021,903|17,570,454|14,600,802|
##
||||Note|2021||2020||
|---|---|---|---|---|---|---|---|
|Fixed assets||||||||
|Investments|at market value||||18/46,975||15,143,659|
|Current assets||||||||
|Cash at bank||||817,760||1,238,671||
|Creditors: amounts||falling||||||
|due within|one year|||(449,925)||(415,837)||
|Net current|assets /|liabilities|||367%835||822,834|
|Total assets|less current liabilities||||18,614,810||15,966,493|
|Creditors:|amounts|falling||||||
|due after more than one year|||||(1,044@56)||(1,365,691)|
|Net assets|||||17,570,454||14,600,802|
|Funds||||||||
|Restricted|||||9,548,551||8,025,758|
|Unrestricted|||||8,021,903||6,575,044|
||||||17,570,454||14,600,802|
##
||||Note|2021|2020|
|---|---|---|---|---|---|
|Cash flows from operating|activities|||||
|Net surplus
/ (deficit) for the|financial period|||197,134|(446,029)|
|Adjustments
for:||||||
|Increase / decrease in creditors
Decrease / Increase in debtors||||(287,247)|407,220
500|
|Net cash (used by) / generated
from operating||activities||90,113|38,309)|
|Cash flows from investment|activities|||||
|Purchase ofinvestments
Sale ofinvestments||||(2,813,105)
2,482,307|801,188|
|Net cash from investment
activities||||(330,798|801,188|
|Net increase in cash and cash equivalents||||(420,911)|762,879|
|Cash and cash equivalents
at|the start ofthe year|||1,238,671|475,792|
|Cash and cash equivalents|at the end ofthe year|||817,760|1,238,671|
|Cash and cash equivalents
comprise:|atthe end ofthe period|||||
|Cash at bank||||817,760|1,238,671|
##
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|||2021|2020|
|---|---|---|---|
|Audit fees||6,100|5,860|
|Bank charges||488|490|
|Contribution|to secretary expenses|500|500|
|||7,088|6,850|
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##
|||2021|2020|
|---|---|---|---|
|AVI Global Trust (formerly British Empire Trust)||1,141,510|930,510|
|Ashoka India Equity Investment|Trust|657,025||
|CGPortfolio Fund||1,156,680|833,292|
|Caledonia Investments||1,041,920|737,280|
|Diverse Income Trust||554,953|244,406|
|Edinburgh
Investment
Trust||1,247,271|1,084,411|
|Evenlode Global Income F||1,092,362|905,158|
|Fundsmith
LLP Equity TInc NAV||1,234,750|1,013,283|
|Herald Investment
Trust|||418,693|
|Heronbridge||1,911,321|1,533,134|
|Law Debenture
Corp||1,013,931|875,610|
|Miton Global Opportunties||609@65|251,065|
|Miton UK Microcap Trust||492,250||
|Personal Assets Trust||1,890,030|1,707,428|
|Rothschild
Investment
Trust||2,01$,775|1,515,916|
|Sarasin Endowments||1,127,331|1,771,361|
|Schroder Asian Total Return||521,180||
|Troy Income 8'c Growth Trust|||1,322,112|
|Veritas Finds Asian Sterling D||536,321||
|||18@46,975|15,143,659|
|Historical cost||12744 785|12,742,697|
|Excessofmarket value over historical cost||5502,190|2,400,962|
||2021|2020|
|---|---|---|
||f.||
|Market value at 1 January|15,143,659|15,973,302|
|Sales during the year|(2,4$2,307)|(801,188)|
|Purchases
during the year|2,813,105||
|Net gains/(losses)
during the year|2,772%518|(28,455)|
|Market value at 31December|1$,246,975|15,143,659|
|Cost at 31December|12,744,785|12,742,697|
##
||||||2020|
|---|---|---|---|---|---|
||Dividends|-equities||330,484|391,045|
|9.|CREDITORS|||||
|||||2021|2020|
||Amounts|falling due within.|one year|||
||Bursaries|and grants awarded|(note 10)|444,924|410,136|
||Audit fee|||5,000|4,000|
||Rowlatt income due to Eton||||1,700|
||Amount
due to The Henry VI||Charity||1|
|||||449,925|415,837|
||Amounts|falling due after more than one year||||
||Bursaries|and grants awarded|(note 10)|1,044@56|1,365,691|
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##
##
||||Note|2020|2020||2020|2019|
|---|---|---|---|---|---|---|---|---|
|||||Restricted|Unrestricted||Total|Total|
|Income and endowments|from:||||||||
|Legacies received|||||5,000||5,000||
|Donations received||||1,013|||1,013|1,013|
|Investments:|||||||||
|Investment
income||||214,997|176,048||391,045|351,573|
|Interest receivable||||230|187|.|417|1,049|
|Total income||||216,240|181,235||397,475|353,635|
|Total expenditure:|||||||||
|Bursaries awarded|||10|(489,027)|(275,756)||(764,783)|(197,892)|
|Unwinding
ofbursary discount|||10|(11,954)|(12,532)||(24,486)|(40,351)|
|Grants to Eton||||(1,700)|||(1,700)|(1,700)|
|Support costs: investment|management|fees||(25,119)|(20,566)||(45,685)|(40,921)|
|Support costs: other|||4|(3,767)|(3,083)||(6,850)|(6,296)|
|Total expenditure||||(531,567)|(311,937)||(843,504)|(287,160)|
|Net (expenditure)
/ income before gains
losses on investments||and||(315,327)|(130„702)||(446,029)|66,475|
|Net gains / (losses) on investments||||(15,644)|(12,811)||(28,455)|2,167,300|
|Net (expenditure)
/ income for the year
net movement
in funds||being||(330,971)|(143,513)||(474,484)|2,233,775|
|Transfer between funds||||20,310|(20810)||||
|Total Fund balances brought forward|||11|8,336,419|6,738,867|15,075,286||12,841,511|
|Total Fund balances carried forward||||8,025,758|6,575,044|14,600,802||15,075,286|
##
##