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2020-12-31-accounts

Page
Charity Information 2
Trustees' Report 3-8
Reportofthe independent auditor 9-11
Statementoffinancialactivities 12-13
Balancesheet 14
StatementofCash Flows 15
Notes to theaccounts 16-25

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Notes Unrestricted Restricted Permanent Year Year
General Fund Endowment Ended ended
Fund Fund 31/12/20 31/12/19
£ £ £ £ _restated _
£
INCOMEANDENDOWMENTS
FROM:
Donations andLegacies 2 1,907 1,907 532
CharitableActivities 94,124 94,124 94,125
OtherTradingActivities-Fundraising 2 173,530
InvestmentIncome 3 6,957 316,613 323,570 370,241
OtherIncome 1,896 18,340 20,236 23,659
TotalIncome 10,760 429,077 439,837 662,087
EXPENDITUREON:
RaisingFunds 2/4 812 33,628 34,440 229,733
CharitableActivities 5 15,850 329,507 345,357 278,437
Other 7 29,896 29,896 29,424
TotalExpenditure 16,662 393,031 409,693 537,594
Netgains/(losses) oninvestments 9 (648) (29,483) (1,196) (31,327) 1,395,113
NetIncome/(expenditure) (6,550) 6,563 (1,196) (1,183) 1,519,606
Other RecognisedGains/(Losses):
Gains/(losses)onrevaluationofFixed 8 146,750 146,750
Assets
Netmovement infunds (6,550) 153,313 (1,196) 145,567 1,519,606
Reconciliation offunds:
TotalFundsbroughtforward1January 314,302 13,852,881 442,842 14,610,025 13,090,419
TotalFundscarriedforward31 307,752 14,006,194 441,646 14,755,592 14,610,025
December

Notes Unrestricted Restricted Permanent Year
General Fund Endowment ended
Fund Fund 31/12/19
£ £ £ _restated _
£
INCOMEANDENDOWMENTS
FROM:
DonationsandLegacies 2 532 532
Charitable Activities 94,125 94,125
OtherTradingActivities -Fundraising 2 173,530 173,530
Investment Income 3 7,405 362,836 370,241
OtherIncome 248 23,411 23,659
TotalIncome 181,715 480,372 662,087
EXPENDITUREON:
RaisingFunds 2/4 148,396 81,337 229,733
CharitableActivities 5 6,074 272,363 278,437
Other 7 29,424 29,424
TotalExpenditure 154,470 383,124 537,594
Netgains/(losses) oninvestments 9 26,828 1,314,584 53,701 1,395,113
NetIncome/(Expenditure) 54,073 1,411,832 53,701 1,519,606
OtherRecognisedGains/(Losses)
Gains/(Losses)onRevaluationof 8
FixedAssets
Netmovement in funds 54,073 1,411,832 53,701 1,519,606
Fundsbroughtforward1January 260,229 12,441,049 389,141 13,090,419
Fundscarriedforward 31 December 314,302 13,852,881 442,842 14,610,025

Notes Year Year
ended ended
31/12/20 31/12/19
£ £
FIXEDASSETS
Tangible assets 8 2,460,000 2,313,250
Investments 9 11,990,938 11,522,265
TotalFixedAssets 14,450,938 13,835,515
CURRENT ASSETS
Debtors lO 89,196 144,218
Cashat bank &inhand 324,063 699,974
TotalCurrentAssets 413,259 844,192
CREDITORS: Amountsfalling duewithin oneyear 11 (108,605) (69,682)
NET CURRENT ASSETS 304,654 774,510
TOT ALASSETS LESS CURRENTLIABILITIES 14,755,592 14,610,025
THE FUNDS OF THECHARITY
PermanentEndowment 12 441,646 442,842
RestrictedFund 13 14,006,194 13,852,881
UnrestrictedGeneralFund 14 307,752 314,302
14,755,592 14,610,025
2020 2019
£ £
CashflowsfromoperatingActivities
Net(Expenditure)/Incomefor the year 30,144 124,493
Adjustmentsfor:
InvestmentIncome (323,570) (445,541)
Decrease/(lncrease) indebtors 55,022 769
(Decrease)/Increase inCreditors 38,923 (9,487)
Netcash(usedin)/operatingactivities (199,481) (329,766)
Cashflowsfrominvestingactivities
PurchaseofInvestments (1,112,740) (656,365)
Proceeds fromdisposals 652,067 1,198,503
(Increase)/Decrease inretained cashforinvestment (39,327) (542,138)
Interest andDividendsandRentfromInvestments 323,570 445,541
Netcashfrominvestingactivities (176,430) 445,541
Changeincashandcashequivalents intheyear (375,911) 115,775
Cashand cashequivalentsatbeginningoftheyear 699,974 584,199
Cashandcashequivalentsatendoftheyear 324,063 699,974

Year Year
ended ended
31/12/20 31/12/19
_restated _
£ £
INCOME
Donations,LegaciesandGifts 1,907 532
FundraisingActivities 173,530
EXPENDITURE
Direct CostsofFundraisingActivities (2,418) (195,449)
InvestmentManagementCosts (26,359) (28,684)
SupportCostsofFundraisingActivities(seenote4) (5,663) (5,600)
(Deficit) arising (32,533) (55,671)

INVESTMENTINCOME
Year Year
ended ended
31/12/20 31/12/19
£ restated
£
Income fromequities 190,821 243,621
Income fromfixedinterestsecurities 607 7,970
Income fromCommonInvestmentFunds 132,142 118,650
Bank Interest -
--
323,570 370,241
Property Income
323,570 370,241

% £
CharitableExpenditure 60 16,992
Fundraisingactivity 20 5,663
Other-Governance 20 5,663
100 28,318

Year Year
ended ended
31/12/20 31/12/19
_restated _
CostType Charitable SupportCosts Total Total
Activity
£ £ £ £
SmoothfieldHomes(seenote 6) 86,305 5,664 91,969 60,869
Ongoingfinancialsupport 131,900 3,776 135,676 136,983
payments
One-offGrants toindividuals 64,994 4,248 69,242 58,387
EducationGrants 19,400 1,416 20,816
BursaryScheme 25,766 1,888 27,654 22,198
328,365 16,992 345,357 278,437

Year
ended
31/12/19
_restated _
CostType Charitable SupportCosts Total
Activity
£ £ £
SmoothfieldHomes(seenote6) 55,269 5,600 60,869
Ongoingfinancialsupport 133,250 3,733 136,983
payments
One-offGrants toindividuals 52,787 5,600 58,387
Bursary Scheme 20,332 1,866 22,198
261,638 16,799 278,437

Year Year
ended ended
31/12/20 31/12/19
_restated _
£ £
Property expenses 69,463 41,431
Agencymanagement 16,842 13,838
86,305 55,269
7 OTHER-GOVERNANCECOSTS
Year Year
ended ended
31/12/20 31/12/19
£ £
Bank charges 262 295
Auditfees 14,400 13,140
MeetingCostsand SundryExpenditure 3,716 5,778
20%apportionmentofmanagement charges 5,663 5,600
Otherprofessionalfees 5,855 4,611
29,896 29,424
8 TANGIBLEFIXEDASSETS
(LeaseholdProperty) Year Year
ended Ended
31/12/20 31/12/19
£ £
COST
Broughtforward at1January 2,313,250 2,313,250
Disposal
Revaluation 146,750
Carriedforward at31December 2,460,000 2,313,250
LandandBuildings
2020 2019
£ £
Cost 2,313,250 2,313,250
AccumulatedDepreciation (137,676) (92,530)
AccumulatedImpairments
INVESTMENTS Year
Year
ended
ended
31/12/20
31/12/19
£ £
Marketvalue at1January(lessopeningcash) 10,823,142 9,970,167
Additions 1,112,740 656,365
Disposals (652,067) (1,198,503)
Gain/(loss)upondisposalandrevaluationofinvestments (31,327) 1,395,113
Retainedcash forre-investment 738,450
699,123
Marketvalue at31December 1l,22.Q,938
11522.265
% 2020 % 2019
£ £
AnalysisofInvestments
Quotedinvestmentsat marketvalue
Fixedinterest
Equities		 °
55		 °
6,553,595		 °
60		 °
6,951,166
CommonInv.Fund-Equitybased 30 3,660,006 29 3,349,958
CommonInv.Fund-FixedInterest 9 1,038,887 5 522,018
Cashretainedforre-investment 6 738,450 6 699,123
MarketValue at31December 100 11,990,938 100 11,522,265
AnalysisoflistedInvestments forming more Market %of Market %of
than 4%oftheportfolio: value portfolio value portfolio
2020 2020 2019 2019
CCLA COIFFixedInterestFund 1,038,887 8.7 522,018 4.5
CCLACOIFEquityFund 897,731 7.5 753,729 6.5
CCLA COIFCharityInvestment Fund 2,762,275 23.0 2,596,229 22.5
ID DEBTORS
Year Year
ended ended
31/12/20 31/12/19
£ £
Tradedebtors 1,800 8,770
Otherdebtors 40,150 83,067
Prepayments andAccruedIncome 47,246 52,381
89,196 144,218
CREDITORS:Amountsfallingduewithin
one year
Year Year
ended ended
31/12/20 31/12/19
£ £
TradeCreditors 1,790 58
Pledgedgrantsnotpaid 30,210 47,000
AccrualsandOtherCreditors 76,605 22,624
108,605 69,682
PERMANENTENDOWMENT
Movement
Balance at infunds Balance at
Ol/O1/20 Gains/(losses) 31/12120
£ £ £
GeorgeandMabelInezClaytonFund 442,842 (1,196) 441,646
Balanceat IncomingResources OutgoingResources Gainsand Balance at
01/01/20 losses _31/12120 _
£ £ £ £ £
13,852,881 429,077 (393,031) 117,267 14,006,194

Balance at IncomingResources Outgoing Resources Gainsand Balanceat
01/01/2020 losses 31/12/20
£ £
£		 £
£
314,302 10,760 (16,662) (648) 307,752
FUNDS Endowment
Restricted		 Unrestricted
Education 2020		 Total
£ (2014)
Balance at 01/01120
442,842
13,852,881		 314,302 14,610,025
Income 429,077 10,760 439,837
Expenditure (373,631) (16,662) (19,400) 409,693
Allocationto (19,400) 19,400
Education
SubTotal 36,046 (5,902) 30,144
Gains/(Losses) on (1,196)
(29,483)		 (648) (31,327)
Investment
Revaluation
Gains/(Losses)on 146,750 146,750
FixedAssets
Balance at31/12/20 441,646 14,006,194 307,752 14,755,592

FUNDS TangibleFixed Investments NetCurrent Total
Assets Assets
£ £ £
£
Restricted 2,460,000 11,549,292 (3,098) 14,006,194
General 307,752 307,752
Endowment 441,646 441,646
TotalFunds 2,460,000 11,990,938 304,654 14,755,592

2020 2019
£ £
FinancialAssets
Debt Instrumentsmeasuredatamortisedcost
TradeDebtors 1,800 8,770
OtherDebtors 40,150 83,067
Accrued Income 536 536
Cash andCashEquivalent 324,063 699,974
Investmentsmeasured atfairvalue 11,990,938 11,522,265
Total 12,357,487 12,314,612
FinancialLiabilities
Measured atamortisedcost
TradeCreditors 1,790 58
PledgedGrants notpaid 30,210 47,000
Accruals andOtherCreditors 76,605 22,624
Total 108,605 69,682