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2021-04-05-accounts

Page
Report ofthe Trustees 1 to 3
Independent Examiner's
Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements 7 to 12
Detailed Statement
of Financial Activities		 13

for the Year
Ended 5 April 2		 021
2021 2020
Unrestricted Endowment Total Tota I
fund fund funds funds
Notes E E E E
INCOME AND ENDOWMENTS
Donations
and legacies		 FROM 300,000
Investment
income		 26,440 26,440 28,199
Total 26,440 26,440 328,199
EXPENDITURE ON
Raising funds		 12,481 12I481 4,964
Charitable
activities
Sukambizi
Association
Trust		 10,188
GAIN Healthy
Diets/Nutrition
Communities		 for Tea 25,000 25,000
Other 981 981 1,472
Total 981 37,481 38I462 16,624
Net gains/(losses)
on investments		 401,622 401,622 (226,352)
NET INCOME/(EXPENDITURE) (981) 390,581 389(600 85,223
Transfers
between
funds		 (12,945) 12,945
Net movement
in funds		 (13,926) 403,526 389,600 85,223
RECONCILIATION
OF FUNDS
Total funds brought forward 23,735 1,314,058 1,337,793 1,252,570
TOTAL FUNDS CARRIED FORWARD 9,809 1,717,584 1,727,393 1,337,793
g

Charitable
Trust

Charitable
Trust
Balance Sheet
5 April 2021
2021 2020
Unrestricted Endowment Total Total
fund fund funds funds
Notes 6 E E
FIXEDASSETS
Investments		 1,699,695 1,699,695 1,280,839
CURRENT ASSETS
Cash at bank		 11,769 20,889 32,658 60,914
CREDITORS
Amounts
falling due within one year		 10 (1,960) (3,000) (4,960) (3,960)
NET CURRENT ASSETS 9,809 17,889 27,698 56,954
TOTAL ASSETS LESSCURRENT LIABILITIES 9,809 1,717,584 1,727,393 1,337,793
NET ASSETS 9 809 1(717584 1 727(393 1 337~793
FUNDS
Unrestricted
funds
Endowment
funds		 9,809
1,717,584		 23,735
1,314,058
TOTAL FUNDS 1,727,393 1,337,793

2021 2020
E
Dividends received 25,851 26,999
Deposit account interest 589 1,200
26,440 28,199
Investment income by geographical analysis:
2021 2020
E E
UK investment income 10,646 191231
Overseas investment income 14,935 7,768
25,581 26,999
RAISING FUNDS
Investment management, 'costs
2021
f		 2020
E
Portfolio management 12,481 4,964
OTHER
2021 2020
Support costs 981 II472

ded 5 April 2020.
2021 2020
6 E

There were no employees
or staff costs for the year ended 5 April 2021 nor for the		 There were no employees
or staff costs for the year ended 5 April 2021 nor for the		 There were no employees
or staff costs for the year ended 5 April 2021 nor for the		 year ended 5 Apr il 2020,
COMPARATIVES
FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Endowment Total
fund
E		 fundI funds
6
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 300,000 300,000
Investment
income		 28,200 28,199
Total 328,200 328,199
EXPENDITURE ON
Raising funds 4,964 4,964
Charitable
activities
Sukambizi
Association		 Trust 10,188 10,188
Other 1,472 1(472
Total 1,472 15,152 16,624
Net gains/(losses)
on		 investments (226,352) (226,352)
NET INCOME/(EXPENDITURE) (1,473) 86,696 85/223
Transfers
between		 funds (49,677) 49,677
Net movement
in funds		 (51,150) 136,373 85,223
RECONCILIATION
OF FUNDS
Total funds brought forward 74,885 1,177,685 1,252,570
TOTAL FUNDS CARRIED FORWARD
23~735		 1)314~058 1 337~793
FIXED ASSET INVESTMENTS 2021 2020
E
Shares
Other		 1,638,904
60,791		 1,238,982
41,857
1,699,695 1,280,839
Additional
information		 as follows:
Listed Unlisted
investments investments Totals
E E E
MARKET VALUE
At 6 April 2020
Additions
Disposals
Revaluations		 1,107,499
327,666
(272,273)
392,615		 131,483
34I870
(81,468)
(1,488)		 1,238,982
362,536
(353,741)
391,127
At 5 April 2021 1,555,507 83,397 1,638,904
NET BOOK VALUE
At 5 April 2021		 1,555,507 83,397 1,638,904
At 5 April 2020 1,107,499 131,483 1,238,982

UK investments UK investments UK investments at fair value comprised: 2021 2020
E E
Equities
Fixed interest		 securities 524,384
53,587		 429,272
131,483
Total 577,971 560,755
Overseas investments at fair value comprised: 2021 2020
6 6
Equities
Other investments		 1,031,123
90,601		 678,227
41,857
Total 1,121,724 720,084
Cost or valuation at 5 April 2021 is represented by:
Listed Unlisted
investments
E		 investments
6		 Totals
f
Valuation
Cost		 in 2021 305,792
1,249,715		 1,123
82,274		 306,915
1,331,989
1,555,507 83,397 1,638,904
Investments (neither
listed nor unlisted)		 were as follows:
2021
E		 2020
f
Property
Other investments		 13,430
47,361		 22,268
19,589
60,791 41,857

CREDITOR : AMOUNTS FALLINGDUE WITHIN ONE YEAR
2021 2020
E
Other creditors 4,960 3,960
MOVEMENT IN FUNDS Net Transfers
movement between At
At 6,4.20
6		 in funds
6		 funds
f		 5.4.21
f
Unrestricted
General
fund		 funds 23,735 (981) (12,945) 9,809
Endowment
Endowment		 funds
fund		 1,314,058 390,581 12,945 1,717,584
TOTAL FUNDS 1,337,793 389,600 1,727,393

Net movemen t in funds,
included		 in the above are as follows:
Incoming Resources Gains and Movement
resources expended
E		 losses in funds
f
Unrestricted funds
Genera
I fund		 (981) (981)
Endowment funds
Endowment fund 26,440 (37,481) 401,622 390,581
TOTAL FUNDS 26,440 (38,462) 401,622 389,600
Comparatives for movement in funds
Net Transfers
movement between At
At 6.4.19 in funds funds 5.4,20
E E E E
Unrestricted
General
fund		 funds 74,885 (1,473) (49,677) 23,735
Endowment
Endowment		 funds
fund		 1,177,685 86,696 49,677 1,314,058
TOTAL FUNDS 1,252,570 85,223 1,337,793
Comparative net movement
in funds,		 included
in the above are as		 follows.
Incoming Resources Gains and Movement
resources expended losses in funds
E E E
Unrestricted
General
fund		 funds (1,472) (1,473)
Endowment
Endowment		 funds
fund		 328/200 (15,152) (226/352) 86,696
TOTAL FUNDS 328,199 (16,624) (226,352) 85,223

FINANCIAL IN STRUMEN TS
2021
E		 2020I
Financial assets measured at amortised cost:
Cash at bank and
in hand		 32,658 60,914
Financial assets measured at fair value through statement of financial
activities:
Investments 1,699,695 1,280,839
Total financial assets 1,732,353 1,341,753
Financial
liabilities
measured		 at amortised cost:
Trade and other creditors 4,960 3,960
Total financial liabilities 4,960 3,960

Detailed Statement
of Financial Activities
for the Year Ended 5 April 2021
2021 2020f
INCOME AND ENDOWMENTS
Donations
and legacies
Donations		 300,000
Investment
income
Dividends
received		 25,851 26,999
Deposit account interest 589 1&200
26,440 28,199
Total incoming
resources		 26,440 328,199
EXPENDITURE
Investment
management
Portfolio management		 costs 12,481 4,964
Charitable
activities
Grants to institutions		 25,000 10,188
Support costs
Finance
Bank charges		 21 512
Governance
costs
Accountancy
and legal fees		 960 960
Total resources expended 38,462 16,624
Net (expenditure)/income
losses		 before gains and (12,022) 311,575
Realised recognised
gains		 and losses
Realised gains/(losses)
on fixed asset
investments		 401,622 (226,352)
Net income 389,600 85,223