OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2020-12-31-accounts

Reference and Administrative
Details		 Reference and Administrative
Details
Trustees' Report 2 to 3
Statement ofTrustees' Responsibilities
Independent
Examiner's		 Report 5 to 6
Statement ofFinancial Activities
Balance Sheet
Notes to the Financial Statements 9to19

Statement of Fin anc ial Activities for the Period from 1April 2 020 to31Dece mber 2020
Total Total
Unrestricted 31December Year ended 31
funds 2020 March 2020
Note
Income from:
Investment
income		 54,704 54,704 97,437
Other income 306 306
Total income 55,010 55,010 97,437
Expenditure
on:
Charitable
activities		 (49,035) (49,035) (34,559)
Administration
costs		 (2,492) (2,492) (2,059)
Legal and professional fees (16,340) (16,340) (22,175)
Total expenditure (67,867) (67,867) (58,793)
Gains/losses
on investment		 assets 348,958 348,958 (256,345)
Net income/(expenditure) 336,101 336,101 (217,701)
Net movement
in funds		 336,101 336,101 (217,701)
Reconciliation
offunds
Total funds brought forward 2,179,137 2,179,137 2,396,838
Total funds carried forward 13 2,515,238 2,515,238 2,179,137

31 December 31March
2020 2020
Note
Current
assets
Investments 2,417,611 2,065,348
Cash at bank and in hand 105,675 132,324
2,523,286 2,197,672
Creditors: Amounts falling due within
one year		 10 (8,048) (18,229)
Total assets less current liabilities 2,515,238 2,179,443
Creditors: Amounts falling due after more than one year (306)
Net assets 2,515,238 2,179,137
Funds ofthe charity:
Unrestricted income funds
General
tunds		 2,520,238 2,169,137
Designated
Fund		 No I - BM 5 year Curator Support (10,000)
Designated
Fund		 No 2 - Colloquy Sinking Fund for 3-year Symposium 5,000 10,000
Total unrestricted funds 2,515,238 2,179,137
Total funds 2,515,238 2,179,137

Unrestricted
funds Total Total
31December Year ended 31
General 2020 March 2020
Other income from fixed asset investments 42,138 42,138 77,391
Other investment income 12,566 12,566 20,046
3 Expenditure on charitable activities
Unrestricted funds Total Total
31December Year ended 31
Designated General 2020 March 2020
Note
Sponsorship, support and
awards 15,000 34,035 49,035 34,559
Legal and professional
fees 16,340 16,340 22,175
15,000 50,375 65,375 56,734

Unrestricted
funds Total Total
31 December Year ended 31
General 2020 March 2020
Administrative expenses 2,492 2,492 2,059
2,492 2,492 2,059

Unrestricted
funds Total Total
31December Year ended 31
General 2020 March 2020
Independent examiner fees
Examination ofthe financial statements 675 675 900
Other fees paid to examiners 6,300 6,300 8,400
Legal fees 9,365 9,365 12,875
16,340 16,340 22, 175

7 Independent Independent Independent exaininer's exaininer's remuneration
1April 2020 to
31December Year ended 31
2020 March 2020
Examination of the financial statements 675 900
Other fees paid to examiners 6,300 8,400
6,975 9,300
8 Current asset investments
31December
2020 31March 2020
Investment at valuation 2,401,629 2,029,682
Cazenove Capital Management -Cash balances 15,982 35,666
2,417,611 2,065,348
9 Cash and cash equivalents
31December
2020 31March 2020
Cash at bank 105,675 132,324
10 Creditors: amounts falling due within one year
31December
2020 31March 2020
Other creditors (I)
Accruals 8,049 18,229
8,048 18,229
11 Creditors: amounts falling due after one year
31December
2020 31March 2020
Accruals 306

12 Analysis ofnet assets between funds
Unrestricted
funds Total funds
31December
General 2020
Current assets 2,523,286 2,523,286
Current liabilities (8,048) (8,048)
Total net assets 2,515,238 2,515,238
Unrestricted
funds Total funds
Year ended 31
General March 2020
Current assets 2,197,672 2,197,672
Current liabilities (18,229) (18,229)
Creditors over 1 year (306) (306)
Total net assets 2,179,137 2,179,137
13 Funds
Other
Balance at I Incoming Resources I'ccognlscd Balance at31
April 2020 rcsouI'ccs expended gainsl(losses)
f		 December 2020
Unrestricted funds
General
General Fund 2„169,137 55,010 (52,867) 348,958 2,520,238
Designated
Designated Fund No 1 - BM5year Curator Support (10,000) (10,000)
Designated Fund No 2 - Colloquy Sinking Fund for 3-year
Symposium 10,000 (5,000) 5,000
10,000 (15,000) (5,000)
Total funds 2,179,137 55,010 (67,867) 348,958 2„515,238
Other
Balance at 1 Incoming Resources recognised Balance at 31
April 2019
f		 resources
f		 expended
f		 Transfers gains/(losses) March
f		 2020
Unrestricted funds
General
General Fund 2,326,838 97,437 (28,793) 30,000 (256,345) 2,169,137
Designated
Designated Fund No 1 - BM 5 year Curator
Support 50,000 (20,000) (30,000)
Designated Fund No 2 - Colloquy Sinking
Fund for 3-year Symposium 20,000 (10,000) 10,000
70,000 (30,000) (30,000) 10,000
Total funds 2,396,838 97,437 (58,793) (256,345) 2,179,137

14 Analysis ofnet funds
At 1April Fmanctng At 31
2020 cash flows December 2020
Cash atbank and in hand 132,324 132,324
Current asset investments 2,065,348 (2,065,348)
Net debt 2,197„672 (2,065,348) 132,324
At 1April Financing At 31March
2019 cash flows 2020
Cash at bank and in hand 201,941 201,941
Current asset investments 2,212,129 (2,212,129)
Net debt 2,414,070 (2,212,129) 201,941

Total
1April 2020 to Total
31December Year ended 31
2020 March 2020
Investment
income
Interest &dividends received 42,138 77,391
Profit on sale ofinvestments 12,566 20,046
54,704 97,437
Other income
Royalties Received 306
306
Charitable
activities
Annual
lectures		 (2,607)
Printing,
postage and		 stationery (114)
Sponsorship
- Publication		 OCS (25,000)
SOAS - Digitising
Admin		 Archiv (3,000)
Charitable
donations		 (5,000)
SOAS - Sponsorship (990) (990)
Bank charges (45) (38)
Museum
fur Asiatische		 —Discretionary awards (810)
BMLoan Repayment (10,000) (20,000)
Colloquy
sinking
fund		 - British Museum (5,000) (10,000)
Accountancy
fees		 (6,300) (8,400)
Independent
examiner's		 fee (675) (900)
Management
fees		 (9,365) (12,875)
(65,375) (56,734)
Administration
costs
Insurance (2,492) (1,977)
Travel and subsistence (82)
(2,492) (2,059)