||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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Butchcrs and Drovcrs Charitable Institution
tNDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE BUTCHERS AND
DROVERS CHARrrABLE INSTIT￿lON
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Hi8hfield Court. Toll8a
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mpshir4 S053 3TY
Pasell

## 

||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|





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## 

||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|<br>Year|
|---|---|---|---|---|
||||ended|<br>ended|
||||31/12/20|<br>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|<br>699,123|
|Marketvalue at31December|||1l,22.Q,938|<br>11522.265|
||%|2020|%|2019|
|||£||£|
|AnalysisofInvestments|||||
|Quotedinvestmentsat marketvalue|||||
|Fixedinterest<br>Equities|°<br>55|°<br>6,553,595|°<br>60|°<br>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<br>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|
|||£||£|<br>£|£|
||£||||||
||314,302|10,760||(16,662)|(648)|307,752|
|FUNDS|Endowment|<br>Restricted|Unrestricted|<br>Education 2020||Total|
||£||(2014)||||
|Balance at 01/01120|<br>442,842|<br>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)|<br>(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|



##