OpenCharities

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2020-12-31-accounts

Company
information
Report ofthe trustees 2-4
Independent
Examiner's
report
Statement
offinancial
actwities
Balance sheet
Notes to the accounts 81

Endowment Unrestricted Total Total
Fund Funds Funds Funds
2020 2019
Notes f. f. f.
INCOME
Donations 41,000
Income from investment portfolio 6,848 6,848 2,200
Bank Interest 576
Total incoming resources
EXPENDITURE
Costs ofraising funds:
Investment
management
fees 4,597 4,597 1,584
Expenditure
on Charitable
activities:
Awards made 4,384 4,384 31,289
Bank Charges 68 68 664
Total expenditure 4852 ~ 3383Z
NET INCOME/DEFICIT BEFORE
RECOGNISED GAINS 2,251 (4,452) (2,201) 10,237
Net gain/(losses) on investments 23,703 23,703 6,868
Transfer between funds
NET MOVEMENT
IN FUNDS FOR THE YEAR 25,954 (4,452) 21,502 17,107
TOTAL FUNDS BROUGHT FORWARD ~507484 47 287 554 771 537664
TOTAL FUNDS CARRIED FORWARD

Endowment Unrestricted 2020 2019
FIXEDASSETS Notes Fund Funds 8
Investments 7 533438 533438 507484
CURRENT ASSETS
Bank balances 42,835 42,835 47,287
LIABILITIES
Creditors
falling due within one year
NET CURRENT ASSETS 42 835 42 835 47 287
TOTAL ASSETS LESS
CURRENT LIABILITIES
FUNDS OF THE CHARITY
Unrestricted
Funds
42,835 47,287
Endowment
Fund
833438 ~507484
TOTAL CHARITY FUNDS 554Z71

DONATIONS 2020 2019
Donation
from ISSMGE
41,000
Other Donations
41 000
AWARDS MADE
Awards
were all payable
to individuals
to enable
to individuals
to enable
them to attend vanous courses of education vanous courses of education vanous courses of education vanous courses of education
and training
in the field of
geotechnical
engineenng.
2020 2019
F F
Awards
made
4384 31289
TRUSTEES REMUNERATION AND EXPENSES
The Charity's
trustees were not
paid or received any other benefits from the Foundation
in the
year (2019 - ENil) neither were they reimbursed expenses dunng the year (2019 - ENil). No
chanty trustee received payment for professional or other services supplied to the charity (2019
-ENil).
FIXEDASSET INVESTMENTS
2020 2019
E E
At 1 January 2020 507,484
Additions
dunng
the year
500,000
Income retained 6,848 2,200
Realised gains 164 504
Net gain on revaluations
Investment
management
fees 23,539
~4597
6,363
~1584
At 31 December 2020 533438 507~44
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
8 F
Other creditors
re awards
payable