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|||Pages|
|---|---|---|
|Report ofthe Trustees||1 to 14|
|Independent
Auditor's|Report|15 to 17|
|Statement ofFinancial|Activities|18|
|Balance Sheet||19|
|Statement ofCash Flows||20|
|Notes to the Financial|Statements|21 to 38|
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||||||Restricted||||
|---|---|---|---|---|---|---|---|---|
||||General|Designated|Income|Endowment|Total|To/al|
||||Fund|Funds|Funds|Fund|2020|2019|
|||Note|||f|f.|f||
|INCOME AND ENDOWMENTS FROM:|||||||||
|Donations
and legacies||2|90||||90|9,148|
|Charitable
activities||3|102,106||||102,106|98,340|
|Investments:|||||||||
|From investment
properties||4|95,438||||95,438|98,512|
|From investment
portfolio||4|458,630||||458,630|56'0,334|
|Other|||13||||13|123|
|Total income and endowments|||656277||||656,277|766457|
|EXPENDITURE ON:|||||||||
|Raising Funds||5|(34,727)|||(48,016)|(82,743)|(87,645)|
|Charitable
acttvlties:|||||||||
|Provision ofgrant funding||6|(761,318)||||(761,318)|(644,408)|
|Other charitable
activities||7|(124,322)|||(16,258)|(140,580)|(160,484)|
|Total expenditure|||920 367|||64,274|984,647|~892,787|
|Net lacome/(expenditure)|||||||||
|before gains/Bosses)
on investments|||(264,090)|||(64,274)|(328,364)|(126,080)|
|GAINS/(LOSSES):|||||||||
|On Investment
properties:|||||||||
|Realised|||||||||
|Unrealised||14||||(53,675)|(53,675)|(85,216)|
|On Investments.
'|||||||||
|Realised||15|14,832|||(97,979)|(83,147)|105,253|
|Unrealised||15|82,007|||63,561|145,568|1,602,507|
|Net income/(expenditure)|before transfers||(167,251)|||(152,367)|(319,618)|1,496,464|
|Net transfers
between
funds||18|303,922|(303,922)|||||
|Net income/(expenditure)|for the period||136,671|(303,922)||(152,367)|(319,618)|/,496,464|
|OTHER RECOGNISED|GAINS/(LOSSES):||||||||
|On revaluation
ofTangible Fixed Assets||12|(102,725)|||(572,968)|(675,693)||
|Net movements
in funds|||33,946|(303,922)||(725,335)|(995,311)|1,496,464|
|Total funds brought
forward|||520,965|1,103,712|6,087|19,706,977|21,337,741|19,841,277|
|Total funds carried forward|||554,911|799,790|6,087|18,981,642|20,342430|21,337,741|
##
|BALANCE SHEET AS A|T 31DECE|MBER 2020|||||
|---|---|---|---|---|---|---|
|||Note|2020||As Ar 31December 2019||
||||||f|8|
|Fixed Assets|||||||
|Tangible fixed assets||12|||||
|Freehold land and buildings||||1,984,971||2,685,375|
|Fixtures and fittings||||4,887||6,719|
|Oflice equipment||||5,350||7,897|
|||||1,995,208||2,699,991|
|Intangible
fixed assets||13|||||
|Basic Payment Scheme entitlements||||5,682|||
|Investments|||||||
|Investment
properties||14|2,520,000||2,573,675||
|Investment
portfolio||15|15,478,477||15,711,775||
|||||17,998,477||18,285,450|
|||||19,999,367||20,985,441|
|Current Assets|||||||
|Debtors||16||43,262||16,297|
|Cash at bank and on deposit||||365,850||421,766'|
|Cash in hand||||657||J96|
|||||409,769||438,259|
|Creditors payable within|one year|17||(66,706)||(85,959)|
|Nct Current
Assets||||343,063||352,300|
|Net Assets||||20,342,430||21,337,741|
|Funds||18|||||
|Unrestricted
funds|||||||
|General
funds||||554,911||520,965|
|Designated
funds||||799,790||1,103,712|
|||||1,354,701||I,624,677|
|Restricted funds|||||||
|Income funds||||6,087||6,087|
|Endowment
funds||||18,981,642||19,706,977|
|Total Funds||||20,342,430||21,337,741|
##
##
|||Total|Tora(|
|---|---|---|---|
|||2020|2019|
|||g||
|CASH FLOWS FROM OPERATING ACTIVITIES:||||
|Net movements
in funds per Statement of|Financial Activities|(995,311)|1,496,464|
|Adjustments
for;||||
|Depreciation
&Amortisation
Charges||29,529|28,833|
|(Gains)/Losses
on investment
properties:||||
|Realised||||
|Unrealised||53,675|85,2/6|
|(Gains)/Losses
on investments:||||
|Realised||83,147|(105,253)|
|Unrealised||(145,568)|(1,602,507)|
|Dividends,
rents and interest receivable from:||||
|Investment
properties||(95,438)|(98,512)|
|Investments||(458,630)|(560,334)|
|(Gains)/Losses
on revaluation
ofTangible|Fixed Assets|675,693||
|(Increase)/Decrease
in Debtors||3,126|(2,166)|
|Increase/(Decrease)
in Creditors||747|16,526|
|Net cash used in operating
activities||849,030|741,733|
|CASH FLOWS FROM INVESTING ACTIVITIES:||||
|Rents received &om investment
properties||47,438|98,512|
|Dividends
and interest received fiom investments||456,539|568,902|
|Purchase ofTangible Fixed Assets|||(10,187)|
|Purchase ofIntangible
Fixed Assets||(6,121)||
|Proceeds ofSale ofInvestments||2,586,457|1,606,492|
|Purchase ofInvestments||(2,342,206)|(1,495,493)|
|Net cash provided
by investing
activities||742,107|768,226|
|NET CHANGE IN CASH IN THE REPORTING PERIOD||(106,923)|26,493|
|Cash brought
forward||568,024|541,531|
|CASH CARRIED FORWARD||461,101|568,024|
|Cash Carried Forward represents;||||
|Cash held in investment
portfolio
awaiting|investment|94,594|146,062|
|Cash at bank and in hand held on instant access and short term deposits||365,850|421,766|
|Cash in Hand||657|196|
|||461,101|568,024|
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|Freehold property
for operational|use|—over 50years|
|---|---|---|
|Improvements
to cricket club buildings||- over the period ofthe lease to the cricket club|
|Almshouse
buildings||- over 50years|
|Almshouse
fixtures||- over 7years|
|Oflice equipment||-25%per annum|
##
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##
|||||||General Fund|General Fund|Restricted|Fund|
|---|---|---|---|---|---|---|---|---|---|
|2|DONATIONS
AND LEGACIES||||2020|2019||2019||
||||||8|||||
||Miscellaneous
donations
&Gift|Aid tax recovery|||90|3,061||||
||Market Harborough
Musical Theatre||||||||6,087|
||||||99|3,061|||6,087|
|||||||||General|Fund|
|3|INCOMING RESOURCES FROM CHARITABLE ACTIVITIES||||2020|||2019||
|||||||||6||
||Contributions
fiom almshouse
tenants||||78,478||||77,382|
||Old Grammar
School rent||||780||||5,800|
||Allotment
rents||||4,813||||4,930|
||Market Harborough
Cricket Club||rental income||6,490||||6,490|
||Countryside
Stewardship
&other||SSSIgrants||11,545||||3,738|
||||||102,106||||98,340|
|||||||||General|Fund|
|4|INVESTMKNT INCOME||||2020|||2019||
||From investment
properties:|||||||||
||Rental income fiom commercial||High Street properties||90,000||||90,000|
||Farm Land||||5,438||||8,512|
||||||95,438||||98.558|
||From investment
portfolio:|||||||||
||Interest on UK fixed interest securities
and Treasury stock||||7,219||||9,731|
||Dividends
receivable
fiom equity||shares||85,165|||123,263||
||Dividends
receivable
1'rom collective investment|||funds|224,463|||278,997||
||Dividends
receivable
from COIF||Units||141,008|||146454||
||Interest on cash deposits||||775||||1,889|
||||||458,630|||560334||
|5|EXPENDITURE ON RAISING FUNDS|||2020||||2019||
||GENERAL FUND|||||||||
||Commercial
property
management|||||||||
||Steward's
salary &on-costs|||||2,|794|||
||Secretarial
salaries &on-costs|||1,614||2,222||||
||Insurance|||1,698||1,601||||
||Repairs and maintenance|||3,875|||504|||
||Legal &professional
fees|||7,661|||576|||
||Support costs (Note 8)|||6,408||13,854||||
||||||21,256||||21,551|
||Investment
management|||||||||
||Steward's
salary &on-costs||||||70|||
||Investment
manager's
fees|||6,338||7,214||||
||Support costs (Note 8)|||3,792||4,114||||
||||||10,130||||11,398|
||Website &other promotional|costs|||3,341||||4,583|
||||||34,727||||37,532|
##
|MARKET HARBOROI)GH AND THE|MARKET HARBOROI)GH AND THE|MARKET HARBOROI)GH AND THE|MARKET HARBOROI)GH AND THE|MARKET HARBOROI)GH AND THE|BOWDENS CH|ARITY||||
|---|---|---|---|---|---|---|---|---|---|
|NOTES TO THE FINANCIAL STATEMENTS||||||||||
|FORTHE YEAR ENDED 31DECEMBER 2020||||||||||
|5|EXPENDITURE ON RAISING|FUNDS||(continued)||||2020|2019|
||ENDOWMENT
FUND|||||||||
||Investment
management|||||||||
||Investment
manager's
fees|||||||40,092|41,668|
||Investment
property
management||fees|||||2,100|3,060|
||Cricket Club - Depreciation
ofchanging|||rooms||||5,385|5,385|
||Amortisation
ofIntangible
Assets|||||||439||
|||||||||48,016|50,113|
||TOTAL EXPENDITURE ON RAISING|||FUNDS||||82,743|87,645|
|6|EXPENDITURE ON PROVISION OF||GRANT FUNDING|||||2020|2019|
||GENERAL FUND|||||||||
||Grants to institutions
or for specifi purposes|||||||||
||Institution||||Purpose ofgrant|||||
||Market Harborough
Tennis Club||||Construction
ofa new pavilion|||114,000||
||Market Harborough
Medical Centre||||Mental Health Initiative|||60,000||
||Market Harborough
Cricket &Squash Club||||Provision ofaPadel|Court||50,000||
||Voluntary
Action South Leicestershire||||Core running
costs over a five year period|||34,664||
||Voluntary
Action South Leicestershire||||Funding ofdrivers for transport||scheme|20,250||
||Home-Start
South Leicestershire||||Family Know-How|Project||20,000||
||Home-Start
South Leicestershire||||Post Natal Illness Project|||20,000||
||LOROS||||End ofLife Support|Patient Unit||17,960||
||Harborough
Christian
Counselling|Service|||Operating
costs over a five year||period|12,500||
||Leicestershire
Action for Mental Health||||Mental health advocacy project|||10,000||
||Harborough
Anglican
Team||||Training ofYouth Workers|||9,595||
||Harborough
Youth aud Community|Trust|||New office space at|The Cube||6,000||
||Harborough
Community
Bus||||Extension and carport canopy for garage|||5,000||
||Shopmobility
Market Harborough||||Storage shed for equipment|||3,101||
||Others, each 83,000 and under||||Various
- 12 in total|||19,138||
|||||||||402,208|327,637|
||Part repayment
ofgrants made in previous||||periods:|||||
||Market Harborough
Town Football|Club|||Clubhouse
redevelopment||||(I,626)|
|||||||||402,208|326,OII|
||Education Bursary Fund Grants||||Awards to a total of6(2020:3)||Academies|115,846|60,000|
||Grants to Church ofSt.Peter &|St.Paul,||Great Bowden - Repairs &maintenance|||||10,543|
||Grants to individuals|||||||||
||Educational
fund (129,20197. 141)|||||||135,750|118,979|
||Relief in Need $1,000 and over|(12,2019;|||15)|||25,589|27,030|
||Relief in Need lass than 81,000|(55,2019;|||42)|||17,410|14,786|
||Total grants paid|||||||696,803|557,349|
||Steward's
fees &associated costs||||||||70|
||Secretarial salary
88 on-costs|||||||18,623|22,699|
||Caseworker's
costs|||||||70|195|
||Communications
strategy,
advertising||and||website development|costs||6,683|9,673|
||Support costs (Note 8)|||||||39,139|54,422|
||Total|||||||761,318|3544,408|
##
##
##
|EXPENDITURE ON OTHER CHARITABLE ACTIVITIES|EXPENDITURE ON OTHER CHARITABLE ACTIVITIES|EXPENDITURE ON OTHER CHARITABLE ACTIVITIES|EXPENDITURE ON OTHER CHARITABLE ACTIVITIES|2020||2019|
|---|---|---|---|---|---|---|
|GENERAL FUND|||||||
|Almshouses:||Steward's
salary &on-costs||||349|
|||Secretarial
salary &|on-costs|7,705||4,993|
|||Insurance||1,023||965|
|||Utilities (including
lifeline)||15,318||16,76'2|
|||Repairs and maintenance||16,646||56,975|
|||Council Tax in void|period &||||
|||other miscellaneous|costs|754||275|
|||Website &promotional
costs||3,341||4,583|
|||Legal &professional|fees|2,262||192|
|||Depreciation offixtures &fittings||1,832||1,832|
|||Support costs (Note|8)|16,895||14,166|
||||||65,776||
|Old Grammar|School:|Steward's
salary &on-costs||||70|
|||Secretarial
salary &|on-costs|2,667||2,771|
|||Insurance||1,452||1,369|
|||Repairs, maintenance|&utilities|4,169||11,502|
|||Legal &professional|fees|754||64|
|||Support costs (Note|8)|4,889||6,361|
||||||13,931||
|Allotments:||Steward's
salary &on-costs||||70|
|||Secretarial salary &|on-costs|6,091||2,772|
|||Repairs and maintenance||2,995||1,908|
|||Website &promotional
costs||3,341||4,583|
|||Legal &professional|fees|1,508||478|
|||Water &miscellaneous
expenses||1,963||2,071|
|||Support costs (Note|8)|11,294||6,360|
||||||27,192||
|Site ofSpecial|Scientific||||||
|Interest:||Steward's
salary &on-costs||||70|
|||Secretarial
salary &|on-costs|489|||
|||Repairs and maintenance||13,622||2,293|
|||Legal &professional|fees|2,333||192|
|||Support costs (Note|8)|979||200|
||||||17,423||
||||||124,322||
|ENDOWMENT|FUND||||||
|Depreciation
ofAlmshouses|||||16,258||
||||||16,258||
|TOTAL ALL FUNDS|||||140,580||
##
##
||||||||Su|ort|Costs|||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||Governance||Office||Accounts &||||2019|
||||||Costs||Costs||Finance|||Total|Torrrl|
|RESOURCES EXPENDED:|||||0|||||0||g||
|General Fund:||||||||||||||
|Expenditure|on raising funds:|||||||||||||
|Commercial|property|management||||927||1,689||3,792||6,408|13,854|
|Investment|management|||||||||3,792||3,792|4,114|
|Expenditure|on Charitable||Activities:|||||||||||
|Gmnts payable|||||11,180||20,375|||7,584||39,139|54,422|
|Almshouses||||||4,911||8,950||3,034||16,895|14,166|
|Old Grammar
School||||||1,598||2,912|||379|4,889|6,361|
|Allotments||||||3,867||7,048|||379|11,294|6,360|
|SSSI||||||347||632||||979|200|
||||||22,830||41,606|||18,960||83,396|99,477|
|Bases for support cost allocation:||||||||||||||
|Support costs are allocated|||between|the various activities representing|||resources||expended||on the|following bases;||
|Governance|costs||||Estimated|time spent|on|each activity||by|the charity steward &secretaries|||
|Secretarial|support aad office costs||||Estimated|time spent|on|each activity||by|the charity steward &secretaries|||
|Accounts &finance|||||Estimated|time spent|on|each activity||by|the charity accountants|||
|Governance
costs|included|within support costs comprise:|2020|2019|
|---|---|---|---|---|
||||g||
|Steward's
fees &|associated|costs||3,492|
|Secretarial
salary|&on-costs||16,142|19,972|
|Legal and professional
fees|||1,570|8,806|
|Auditors
remuneration|||3,000|3,000|
|General
insurance|||1,466|1,382|
|Trustee indemnity|insurance||652|614|
|General expenses|(including|training oftrustees)||180|
||||22,830|37,446|
##
##
|||2020|2019|
|---|---|---|---|
|||E||
|For audit services||3,000|3,000|
|For other assurance|services|18,960|19,572|
|Total||21,966|22552|
##
##
|The number|o|femployees ofthe charity were as follows|;|||
|---|---|---|---|---|---|
|Activity||Involvement||2020|2019|
|Steward||Part time - Three days per week (Until 6|April 2019)|||
|Secretarial||Full time||||
|||Part time - Approx. 2.5 days per week||||
|The aggregate||payroll cost in respect ofthese employees|was as follows:|||
|||||2020|2019|
|Salaries||||51,506|53,607|
|Social security||costs||3,492|3,959|
|Pension contributions||||1,387|1,16/1|
|||||56,385|58,734|
|Employment|Allowance|||(3,054)|(2,56/)|
|||||53,331|56,173|
##
##
|TANGIBLE FIX|E|DASSE|TS|||||||
|---|---|---|---|---|---|---|---|---|---|
||||Freehold||Freehold|Almshouses||||
||||Property for||Allotments|Freehold||||
||||Operational|Cricket Club &||Land &|Fixtures &|Office||
||||Use||Other Land|Buildings|Fittings|Equipment|Total|
|||||||||8||
|Cost or Valuation||||||||||
|Brought forward|||245,000||1,775,000|756,000|28,165|22,550|2,826,715|
|Revaluation|||(115,000)||(1,332,000)|694,000|||(753,000)|
|At 31 December||2020|130,000||443,000|1,450,000|28 165|22 550|2 073 715|
|Cumulative
Depreciation||||||||||
|Brought forward|||9,206||32,645|48,774|21,446|14,653|126,724|
|Charge for the year|||3,069||5,384|16,258|1,832|2,547|29,090|
|Revaluation|||(12,275)|||(65,032)|||(77,307)|
|At 31December||2020|||38 029||23 278|17,200|78,507|
|Net Book Value||||||||||
|At 31December2020|||130,000||404,971|1,450,000|4,887|5,350|1,995208|
|At 31 December||2019|235,794||1,742,355|707,226|o,719|7,897|2,699,991|
|Cost or valuation|at 31December 2020 is represented||||by;|||||
|Valuation||||||||||
|31December 2020|||130,000||383,000|1,450,000|||1,963,000|
|Cost|||||60,000||28,165|22,550|110,715|
||||130000||443,000|1 450,000|28,165|22,550|2,073,715|
|Had the pr|operties
not been|revalued
they would have been included
at|revalued
they would have been included
at|the following
his|torical cost:|torical cost:|torical cost:|
|---|---|---|---|---|---|---|---|
|||As At 31December 2020|||As At31December 2019|||
|||Property for|Allotments||Property for|Allonnents||
|||Operational|Cricket Club &||Operattonal|Cricket Club dr||
|||Use|Other Land|Almshouses|Use|Other Land|Almshouses|
||||||f||f|
|Cost||257,470|68,962|231,697|257,470|68,962|231,697|
|Aggregate|depreciation|21,246|38,029|137,509|18,097|32,644|134,644|
|Net Book|Value|236,224|30,933|9,188|239,373|36,318|97,053|
##
##
##
||significant
costs which wo||uld outweigh
any b|uld outweigh
any b|enefit,|||||
|---|---|---|---|---|---|---|---|---|---|
||As a result,
in accordance||with the pertnitted||treatment|for heritage|assets in SORP (FRS 102) the Old Grammar||School is|
||not recognised
as an asset||in the Charity's|balance sheet.||||||
|13|INTANGIBLE FIXED|ASSETS|||||31-Dec-20|31-Dec-19||
||Cost|||||||||
||Brought forward|||||||||
||Additions||||||6,121|||
||At 31December 2020||||||6,121|||
||Cumulative
Amortisation|||||||||
||Brought forward|||||||||
||Charge for the year||||||439|||
||At 31December 2020||||||439|||
||Net BookValue|||||||||
||At 31 December 2020||||||5,682|||
||At 31December 2019|||||||||
||Intangible
assets represent||Basic Payment|Scheme entitlements.||||||
|14|INVESTMENT PROPERTIES||||||31-Dec-20|31-Dee-19||
||||||||||f|
||Valuation
at the beginning||ofthe year||||2,573,675||2, 6'58, 891|
||Additions
at cost|||||||||
||Unrealised
gains/(losses)|on revaluation|||||(53675)||(85,216)|
||Valuation
at the end ofthe||year||||2,520,000||2,573,675|
||Historical cost at the end|ofthe year|||||562,312||562,312|
##
##
##
|INVESTMENT PORTFOLIO|INVESTMENT PORTFOLIO|INVESTMENT PORTFOLIO|INVESTMENT PORTFOLIO||||||31-Dec-20|31-Dec-19|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||f|
|Market value|at the beginning ofthe year||||||||15,565,713|13,968,952|
|Acquisitions|at cost||||||||2,342,206|1,495,493|
|Sales proceeds
f'rom disposals|||||||||(2,586,457)|(L606,492)|
|Realised gains/(losses)||on disposals|||||||(83,147)|105,253|
|Unrealised
gains/(losses)||on revaluation|||||||145,568|1,602,507|
||||||||||15,383,883|15,565,713|
|Cash at bank|on deposit/awaiting||investment||||||94,594|146;062|
|Market value|at the end|ofthe year|||||||15,478,477|15,711,775|
|Historical
cost at the end ofthe year|||||||||12,171,284|12,341,726|
|The realised|gains/(losses)
on||disposals|are|shared|between||funds|||
|as follows:|||||||||||
|General
fund|||||||||(97,979)|105,253|
|Endowment|fund||||||||14,832||
||||||||||83,147|105,253|
|The unrealised
gains/(losses)|||on disposals||are|shared|between||||
|funds as follows:|||||||||||
|General
fund|||||||||63,561|1,443,749|
|Endowment|fund||||||||82,007|158,758|
||||||||||145,568|1,602,507|
##
##
##
##
##
|16|DEBTORS|31-Dec-20|31-Dec-19|
|---|---|---|---|
||Accrued income|31,593|5,581|
||Prepayments|5,382|5,514|
||Income tax recovemble|6,287|5,202|
|||43,262|16,297|
##
|CREDITORS PAYABLE WITHIN ONE YEAR|||
|---|---|---|
||31-Dec-20|31-Dec-19|
|Accruals|59,885|57,063|
|Other creditors|6,820|28,896|
|Taxation & Social Security|I||
||66,706|85,959|
##
##
||||||Realised and|Transfers||||
|---|---|---|---|---|---|---|---|---|---|
||||||Unrealised|fiom|Transfers|to|At 31|
|||At I January|||Gains or|Designated|Designated||December|
|||2020|Income|Expenditure|(Losses)|Funds|Funds||2020|
|Unrestricted
funds:||8|||f,|||||
|General funds||||||||||
|Revenue||520,965|656,277|(920,367)|(5,886)|(306,709)|610,631||554,911|
|Designated
funds||||||||||
|For Grants;||||||||||
|Charitable
grants||621,212||||126,709|(402,|104)|345,817|
|Church of. St.|Peter tk|||||||||
|St. Paul, Great|Bowden|50,000|||||||50,000|
|Relief in Need|grants|90,000|||||||90,000|
|Educational
grants||232,500|||||(92,681)||139,819|
|Educational
bursary||30,000||||180,000|(115,846)||94,154|
|For Repairs;||||||||||
|Allotments
8c|Commercial|||||||||
|Properties:||||||||||
|Extraordinary|repair|30,000|||||||30,000|
|Almshouse:||||||||||
|Extraordinary|repair|40,000|||||||40,000|
|Old Grammar|School;|||||||||
|Extraordinary|repair|10,000|||||||10,000|
|Restricted fund:||||||||||
|Income fund||6,087|||||||6,087|
|Endowment
fund||19,706,977||(64,274)|(661,061)||||18,981,642|
|||21,337,741|656,277|984,641|666,947||||20,342,430|
##
##
##
##
|Restricted
income|Restricted
income|funds|represent
funds|represent
funds|represent
funds|donated|donated|to the|Charity|by the|Market|Market|Harborough|Harborough|Musical|Musical|Theatre|Theatre|on the|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|understanding|that they are||to be applied||to|support performing|||arts in the area||ofbenefit.|||||||||
|The Endowment
Fund represents||||the permanent|||capital ofthe Charity.|||These|funds|must be held||indefinitely|||and|the|Trustees|
|have no power|to convert the capital into||||funds which may be||||spent.|||||||||||
|The movements|in funds in||the previous||financial||year|were as|follows:|||||||||||
|||||||||||Realised|and|Transfers||||||||
|||||||||||Unrealised|||fiom|Transfers||to||At 31||
||||At 1|||||||Gains|or|Designated|||Designated|||December||
||||January 2019|||Income||Expenditure||(Losses)|||Funds||Funds|||2019||
|Unrestricted
funds:|||||||||f.||||||||||f,|
|General funds||||||||||||||||||||
|Revenue|||728,645|||760,370||(826,166)||158,758|||299,409||(600,051)||||520,965|
|Designated
funds||||||||||||||||||||
|For Grants:||||||||||||||||||||
|Charitable
grants|||398,070||||||||||(389,409)||612,551||||621,212|
|Church of, St.|Peter|&||||||||||||||||||
|St. Paul, Great|Bowden|||50,000|||||||||||||||50,000|
|Relief in Need|grants|||90,000|||||||||||||||90,000|
|Educational
grants|||185,000||||||||||||47,500||||232,500|
|Educational
bursary|||||||||||||90,000||(60,000)||||30,000|
|For Repairs:||||||||||||||||||||
|Allotments
&Commercial||||||||||||||||||||
|Properties:||||||||||||||||||||
|Extraordinary|repair|||30,000|||||||||||||||30,000|
|Ahnshouse:||||||||||||||||||||
|Extraordinary|repair|||40,000|||||||||||||||40,000|
|Old Grammar|School:|||||||||||||||||||
|Extraordiuary|repair|||10,000|||||||||||||||10,000|
|Carried forward|||1,531,715|||760,370||(826,166)||158,758||||||||1,624,677||
##
##
##
##
|||||Realised and|Transfers|||
|---|---|---|---|---|---|---|---|
||At I|||Unrealised|trom|Transfers to|At 31|
||January|||Gains or|Designated|Designated|December|
||2019|Income|Expenditure|(Losses)|Fuuds|Funds|2019|
||||||I||f|
|Unrestricted
funds:||||||||
|Brought forward|1,531,715|760,370|(826,166)|158,758|||1,624,677|
|Restricted fund:||||||||
|Income fund||6,087|||||6,087|
|Endowment
fund|18,309,562||(66,371)|1,463,786|||19,706,977|
||19,841,277|766,457|892,537|1,622,544|||21,337,741|
|ANALYSIS OF NET|ASSETSBETWEEN FUNDS|||||||
|As at 31December 2020|||General|Designated|Restricted|Endowment||
||||Fund|Funds|Fund|Fund|Total|
|Tangible fixed assets|||140,237|||1,854,971|1,995,208|
|Intangible
axed assets||||||5,682|5,682|
|Investment
properties||||||2,520,000|2,520,000|
|Investment
portfolio|||136,640|799,790||14,447,453|15,383,883|
|Cash held for investment||||||94,594|94,594|
|Sundry Debtors|||43,262||||43,262|
|Cash at Bank on Deposit|||290,388||6,087|69,375|365,850|
|Cash in hand|||657||||657|
|Current Liabilities|||(56,273)|||(10,433)|(66,706)|
|Total Net Assets|||554,911|799,790|6,087|18,981,642|20,342,430|
|As at 31December 2019|||General|Designated|Restricted|Endowment||
||||Fund|Funds|Fund|Fund|Total|
|||||||f||
|Tangible fixed assets|||250,410|||2,449,581|2,699,991|
|Investment
properties||||||2,573,675|2,573,675|
|Investment
portfolio||||1,088,785||14,476,928|15,565,713|
|Cash held for investment||||||146,062|146,062|
|Sundry Debtors|||16,297||||16,297|
|Cash at Bank on Deposit|||329,556|14,927|6,087|71,196|421,766|
|Cash in hand|||196||||196|
|Current Liabilities|||(75,494)|||(10,465)|(85,959)|
|Total Net Assets|||520,965|1,103712|6,087|19,706,977|21,337,741|
##
##
##
##
|The total minimum
lease payments
to which the C
below:|harity is committed
under an operating
lease for offi|ce equipment
is shown|
|---|---|---|
||31-Dec-20|3I-Dec-I9|
|Payments
due:||f|
|Within one Year|||
|In two to five years|1,721|2,294|
|Total|1,221|2,294|
##
##