Charlty Regl8tratitsn No. 1169417 THE LILE ORCHARD CHARITABLE TRUST TRUSTEES, ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
THE LITTLE ORCHARD CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustee8 Mr B Parkander Mrs E P8rk8nd8r MrsA Parkander Chadty Thumber 1169417 Prfn¢lp/l •ddrv88 Hemies House Fitp Fly Avenu¢ Swin(Jon Wiltshirè SN2 2GA Ind?pendent oxamlnèr RSM UK Tax andAccountino Limited CharteiedAceounlanls Davidson House Forbury Square Readin9 Berk8hiro RG13EU
THE LITTLE ORCHARD CHARITABLE TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 The fwslees present Iheir report on¢J financk?1 slalernenls ior Ine year ended 31 oecemDor 2020, Tho financial statements have been prepared in actordan¢e wilh Ihe ac¢ounbng polKie3 sel oul In noie i 10 Ihe Tin8n¢ial slaiements and comply with the Financial Rewrting Standard applicable In the UK and Republic of Ireland IFRS 1021 second edition Oclober 2019 issued on 16 July 2014 and Financial Repofling SlandHrd applir2ble In Ihe United Kingdorn and Republic of Ireland IFRS 1021 and Ihe Charrt¥ Act 2011 snd UK Generalty Accepted Praclice as Il applies Irorn l January 2019. Iq•l8ronc• and adrnlnlstrallyo iThfonrsatlon The Liiiie Orch8rd Chan18ble Trust 8dminisir8llv8 office is HetTne3 Hovse, Fire FlyAvenue. Swindc¢). SN2 2GA. It 15 IEgisleted with Chanty Com[ni55e[S In England and Vvales under number 1169417. The Tru$t %Ya$ found¢d in 2014 and wab dormanl until it regialered as 0 Gharity from $¢ptember 2016. It is gowemed by Ils deed of Irusl dated 2G Tr3epithnber 2014. Oblectlve8 and actlvltS88 The Objectives of the ch8nty 8re to apply Ils Income for any charitabk oweths and in 8ny port of the wortd a$ the Trusiees may. In Ihelr discreiion. see fil. The Trustees a150 res0 to seek, where wssibk, lo fu11 their charrtable objeGIs by providing funds lo local Uses In Gbuceslershire which promote mental health awarene¥$. The Truslees ¢onfirm Iheif inve$lm¢nt polw Is to provide a balance of inc¢me and capital growth. The Trustees Eeek lo mainl?in a $um. a$$e¥¥ed from time lo lime in the light of probabl• fuluro xp•nditur•, In ts$h reg8N8s to m¥el that oXPonditvr•. ThA TniRts.p.q p.rJnfirni Ihxl in 4p_Iling thè abiBdivès tsf thè Trust théy hawe complied with the duty in section 4 of the ChariliesAcl 2011 to have due reg8rd to public bènefit guidance published by the Chanty Commis&on. A¢hlov8mont8 3nd p?rforrnanc• During th8 ya8r the Tru81 received donatvJn5 of £900,000 12019. £150.0001 and reported a surplus of £979.947 12019- £218,8581. A £20,000 granl12019" UO,0001 was given to GloucesiÈr Community Fund to support local voluntary and eommunity 9roup5 that arè in thtr fitrld of montal health. The ehanty also built up Its reserves to continu8 gifbng grants In the futur8. covld.lg On 11 March 2020. tho WNO ¢b$$ifigd th• COVID.19 oulbr•ak a4 a pand0rn du• lo a rapid incr•4g• in gPgbal xpo#ur•s. Th• p4hdemi¢ ha$ hod a gignific8DI n@g3live irnpscl on global slcok rnarkels, curreneièg, and genéral businegg gclivili04 Thp Iimino And gxtpnl of IhÈ Impact and rÉCDry frorn Ihp r.nv1Th19 alilhrp.ak 1$ unknown and rnay have an impact on the ¢harity'5 a¢tivilies. and the value of investments held. in an uncértain glob81 market. However, the charity holds a diverse Investment portfolio and therefore the Iru5tees do not consider the to be a significant risk to the eharity. Flnanelal rovl8w In the year. the Charity had nel in¢om8 for the year of t979.947 12019 . £218.6581. The total as$el$ of the Charity are £2.033.62512019- £1,056,387) R#MN•o pollcy Arninimum level of reservès aro hold lo ¢ov•r all plann•d futur• •xponditur8. Thoeè funds wi11 be vliliscd to fulfil the objgcts of tho charity in future period$ 11 is intended that ¢eserves hew 5houW bo guffi¢i8nl for tho charity to fund chan1•0 •ypenditur out of thÉb return on thè IhVè$tmonts hdd At the year end Trust had £2,024,07212019- £1.044.1251 ¥ree' reserves, being unrwslried funds.
THE LITTLE ORCHARD CHARITABLE TRUST TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2020 Iru¢iurn. governanco and managemeni The Chanly Is administered by the Trustees as sel out In the general Information The Irusiees hold 81 3$1 meetings a year. Th8 Trustee5 who seNed during the ye8rwere' Mr B Parkandef Mts E Pathand8r Mr&A Parkander Tho appointment of new Tru$tee$ 1$ rnade by the existing TnJsle85. Tho Trustees sh811 nsIst of al least bijl Do morg than gix indDiidu¥ls. Subjoct lo disgualificalion or r451gnatJon tho First Trugtoog. Nlr B ParkAnder and Mr4 F Parkandér ontstlod to hold oifieè for IifÈ Futurè Trugtoèg mligl bg $pN)Inlp.d hy rY4olulion of the rnjsteos Every hjlurp TnJqlp.A Mil ign g d•d#rg1ion of willinon•ss Irj Arj A4 A Trust8e of tho Charity before he or she may act as a Trust80 No remuneration i8 paid lo the Trustees. The Trustees, re s approved by the Board ofTruslees. rP Parkander slee bl/
THE LITTLE ORCHARD CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE LITTLE ORCHARD CHARITABLE TRUST I report on the financial slalemenls of the Charity for the yesr ended 31 December 2020, which are sel out on pages 4 to 14. Responsibilities and basis of report As the Iruslees of the charity you are responsible for the preparation of the accounts in accordan with the requirements of the Charities Act 2011 I'the 2011 Act'l. I report in respect of my examination of the charity s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the mallers that an auditor considers in giving their opinion on the a¢wunts. The planning and conduct of an audit goes beyond the limited assuran that an independent examination can provide. Consequently, l express no opinion a5 to whether the accounts present a 'lrue and fair view, and my report is limited to those specific matters set out In the independent examiner's statement. Independent examinerfs statement Since the charity's gross income exceeded £250,000 your examiner musl be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified lo undertake the examination because l am a member of The Inslilule of Chartered Accountsnls in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no material mallers have come to my attention in connection with the examination giving me reasonable cause to believe that in any material respect.. 1. Accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act", or 2. The acwunts do not accord with those records.. or 3. The accounts do not comply with the applicable requirements conceming the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view, which is not a maller considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the accounts b be reached. UL f(>k (XCccL4•tt Signed.. Name.. Kerry Gallagher FCA DChA Name of applicable listed body. The Institute of Chartered Accountants in England and Wales Relevant professional qualification or membership of professional body.. Chartered Accountsnl ON BEHALF OF RSM UK TAXANDACCOUNTING LIMITED CharteredAccounlants Davidson House Forbury Square Reading Berkshire RG13EU Dated.. 17 June 2021
THE LITTLE ORCHARD CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2020 2020 2019 Note8 D¢Thaiions and legacies Investments 900,000 17.954 1SO,O 14.054 Total Incomg 917.954 164,0)4 Raising lund$ 3.144 2.SOO Charitabl6 adi¥i118S 27.512 28.094 Total oxppnditur• 30.658 30,594 Net gaino on iiiveslmeiits 92,e49 85,198 NOI movement in fund• 919.947 218,658 Toial funds broughl fOard 1.044.125 825.487 Totsl fund8 carrf8d lorward 2,024.072 1,044,125 The Statement of financial activiti95 In¢lvda$ all gain$ and bssès rwgnis8d In the year Nl inoome and expenditure deriva from continuin9 aclivibe6.
THE LITTLE ORCHARD CHARITABLE TRUST BALANCE SHEET AS AT 31 DECEMBER 2020 2020 2019 Flx•d ••••ts Inveslrrenls 11 2.Cth.701 1.015.742 Curr•nt ••••ts DÉblOfS C4•h #t bank Ind In h•rJ 12 1.638 26.286 1.698 38.947 27.924 40 845 Cr•dltorn.' •mounl• l•llln9 du• Tlthl• on• y••f 13 19.553 112.2821 N•t ¢urr•ni •M•is 18.371 28.383 2.024.072 1.044,12S Fund• Unresiri¢t4(I fun 2.024.072 1.044.125 2.024.072 1.044.125 Th• fin•ncwl Pork•nd•r •1••
THE LITTLE ORCHARD CHARITABLE TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2020 2020 2019 NoteB Cash flow8 Irom operatlng actlvltl88 Cash generated from operations 17 866.695 120,60B Inv•Bting activlt199 Movement on cash held within investment portfol Purchase of Other inVÈSlrnents Proceeds on disposal ol other Investments InlEre51 received 74.505 11,718,053) 746,238 17,954 171.6841 1210.1491 167.908 14.054 Net ¢a6h used In Invfrstlng aetlvitltrs i¥iy.J#61 189.8711 Net ca8h UBed ftnan¢ln9 O¢tivitle8 Net Id¥¢r¢a5eylThcrease in cash and cash equlvalents 20.737 Cash and cash u1V#10nlS 31 gInnIn0 of yèAr 38,947 18.210 Cash and ¢aBh equlvalont8 at of year 26,286 38.g47
THE LITTLE ORCHARD CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER 2020 A¢counting poiiGI88 1.1 Accotsntlng conv•ntlon The accounts have been prepared in 8ccordance with the Slaiemenl of Recommended Praclice Accounting and Reporting by Charities prepanng their accounts in accordance with Ihe Financial Reporting Standard 8pplicable In Ihe UK and Republic of Ireland IFRS 1021 second edition- Oclober 2019 Issued on 16 2014 and Financial Reporting Siandard applicable in the United Kingdom and Republic of Ifeland IFRS 1021 and the Charities Act 2011 and UK Generally Ac¢&pted Practice 8s Il applies from 1 J8nuary 2019 The accounting pollci¢s as discloset1 have been applied nsIstentIv Ihroughoul the curreni and preceding year. The financial statements are prepared in slerfing. which Is the functional currency ol the Charily. Monetary mounts in these financial statements are roundèd to the nearest £. I he charity has adopted the Charities SORP IFRS 1021 issued in October 2019 rather than applying the Chaniies 2005 SORP which has been withdrawn tiul 1$ Still referred lo In the extant Charilie$ (Accounts and Reportsl Regul8lions 2008 Tnis departure has been necessary for Ihe Iinanc181 $tementS to 5hOW a Irue and fair view In accordance wilh United Kingdom Generalty Accepted Accounling Prauice effective for ccounling per5 bEginning on or after 1 January 2015. Thè Trust constitutes a publiG benefit enlity as defined by FRS 102. The financlal statements have been prepared under the historal cost convention. The principal accounting ppliiie5 adopied are sei out Deiow. 1.Z Golng concern At the time ol approving Ihe financial slalements, the COVID-19 pandem¢ Continues to present Inherent uncertainty. However, the charity holds sufficient reseNes and maintains a diverse invesimenl porfolio. Therefore, the Tru51ees have a reasonable expeciaiion thai the Charity has adequate resouices to coniinue In operational existence for Ihe foreseeable future. Thus the Trustees continue to adopt the going conGern ba515 of accouniing In preparing the financial Slalernenls. 1.3 Charitable lunds Unrestricted funds are available for use at the discretion of the Trustees in furtheraTr of Iheir charitab obieclives. The Charity has no other funds. 1.4 Incomg Incorne is recognised whan th¢ Charity 15 leqallv enlilled to il after any perforniance condits"on5 have been mel. the amounts can be meaSUd lIablY, and il is probable Ihal Income will be received. Income from inveslmenis a attounted for by reference lo the payment dale or distributions and inlere$t falling due within the accounting period. Interest on bank and Other deposits are accounted for on a re¢eipi$ basis,. Ihe amount of a¢¢rued Intere51 woul(5 not be malenal.
THE LITTLE ORCHARD CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENOED 31 DECEMBER 2020 Accouniing poIIciou Iconiinued 1.$ Expendlturo Liabilities are recognised as expendiluo as soon theo is a legal 01 conslruclive obligation commilling the chaiity lo th81 expendilure. il Is probable Ihal setilemenl will be required and the amount of the obligation can be measured reliabty. All expendiluw Is accounted for on an accruals basis All expenses Including Support costs and S?rance sts are allocated or 8PPOrtioned lo the applicable expenditure h8adings. Investment managernent fees are charged against ihe capital fund and recognised as costs of raising fun0$. 1.6 Flxed a8Bet Investments Fixed asset Investments are initially measured at Iransaciion price excluding transaction costs. and a subsequently measured at fair value al each repgrting dale. Transaction cosis are expensed 8$ incurred. Ch8n9e$ in fair value aTè rècognised in net Ineomellexpenditurel fcrth• year. 1.7 Cash and cash ¢quivalents Cash and cash equivalenis include cash in hand, depo8118 held al ca11 wrth banks. other short-lem) IKJuid invesimenls with original malurilies of the months or less 1.8 Flnancial InAtrum•Thts The Charity ha$ eltsd to Opp thè provisLons of Seeiion 11 'B¥$ic Finartcial Inglrumgnlg, 8nd Slitsn l? 'OlhAr FinAnp.ixl In8lnimpntq Iqqiip.q' nl FRR 1fl? tn All nf ilq finanp.IA1 inqlnimp.nlq Finanoal inslruments are recognised in the Charity's balanr* sheet when the Charity become$ party to Ihe coniraduèl provi5K)ns ol the inslrumenl. Financial a55ets and118bilili8s are offset. with the net amounts presented in the financial statemen15. when there Is a legally enforceable right lo sel off the recognised amounts and there Is an intention to settle on net basis or lo realise the asset and settle Ihe ]bilIty sirnultaneou51y. 1.9 Baslc fln8ncl&l assets Basic financial assets. wtth include debtors an¢J cash and bank balances, ar8 inrtialw measured at Ir8n5adion price Including transaction costs and are subsequeniiy carried ai amortised wsl using the effeclive Inleresl meihod unless the airangemeni conslilules a financing transactn, where the transaction measured al Ihe pieseni value ol the future receipts discounted al a market rate of interest Financial Ssels cla5s1fied a5 retsivable within one yeaf are noi amortised. 1.10 Other Iln8ncl81 assets Olher financial a55els. Including Irade invesiments, are inrtially measured 81 fair value, which is nomially the trans8Th pThce. Such assets are subsequently carrietl ai fair value and the chenges In fair value are recognised on nel incomellexp8ndilurel. except for Investrnenls In equity instruments thai art not publicty traded and whose air values cannot b8 reliabty mez5ur8d at C05t18ss impairment 1.11 Baslc fjnanelal Ilabllllles Basic financial Iiabilitiè$. Including creditors are Initial recognise(S at Iransadion DriC• unless the arrangèment conslilvle5 8 financing transaction. where the debt Inslrurnenl Is measurèd at the present value of the future payments discounted al a market rate of inlere$i. Financial liabilili&s cL9S5ified as payable within one year are not am¢rtised. Debt instruments are subsequently e4rried al amortwd cost, u$ing the effeCte interest rale method.
THE LITTLE ORCHARD CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2020 Donatlon• 4nd leqa¢le8 2020 2019 Donation8 received Gift sid 720.000 180.000 120.OOQ 30.000 900,000 150,000 Inv8Biment8 2020 2019 Income from listed Inves1rn8nts Iniarest receivable 17.310 644 13.832 222 17.954 14.054 Ralslng fund8 2020 2019 Investrnenl management $ts 3.144 2.500 3.144 2.500 Ch¥ritabl• 4¢tlvltl 2020 2019 Grant fundin9 of activities (see nole 81 2Q.000 20.000 stta of support ots(see nole 71 Share of goverrTrance ¢osls (See note 71 50 7,482 50 8.044 27.512 28.004 AnJly3i$ by fund Unreslrided fund$ 27.512 28.094 27.512 28.094
THE LITTLE ORCHARD CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2020 GrnThTh payible 2020 2019 Grant$ lo Inslilulions Gbu¢esler5hir8 Comrnunity Foundation 20.000 20.oc Or(Lill¥ wvie TTl¢idv tu GIpvGE51er5hire Cotnmunlty Foun¢Jalion tc 5UPFKrt lui411 vuluiiidiy aiid 9Mnity Support CO8tB Support GovernaTrc• costs cost8 2020 2019 Bank charges 50 50 50 A¢¢ounlanGy Ind¢ponQenl exaniinalion 4,497 2,965 4.497 2.965 5.070 50 7,462 7,512 8.094 Ana1ysed between Chaniable a¢iivilies 50 7.462 7.512 8,094 Tru$tO08 one of thè Trust lor any POTgong connectod vmth Ihèml recÈived any remunewtion or b•nefils frarn Ihg Chanty during Ihp. yAAr Employ088 There were no èmpltyeès during the currenl or pnorye8r. 10 Net galn8111088881 on Investments 2020 2019 Revaluation DI investments Gainlllossl on sale ol Investments 100.166 17.5171 87.101 11 gr)?) 92.849 85,198
THE LITTLE ORCHARD CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUED FOR THE YEAR ENDED 31 DECEMBER 2020 11 Flxea ¥8•¢1 Invmimon LIBted Inv8stm8nts Ca$h In portlollo Total C08t or valuatlo Al 1 January 2Q20 Addition5 Valuation ehang8S Disposals 909.395 1.718.053 100,166 1753.7551 106.347 1.015.742 1.718.053 100.166 1828.2601 174.5051 Al 31 Debe[ 2020 1,973.859 31.842 2,005,701 Carryln8 amouni At 31 DeceTnber 2020 1.973.859 31,842 2.W5,701 At 31 December 2019 909,395 106.347 1,015.742
THE LITTLE ORCHARD CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2020 Flxed Inv••mi•nrn IGonTinugui Unlt8 Doocrlptlon Coll at 31 Mark8t value Decernbor a131 Decembor 2020 Incomo recolvgd 2020 737 ETFS Physical Gold GBP 1.113 TwenlyFourAbsoluie relum credit G 18.705 Fundsmith Equity I Inc 3.254 Gu3rd¢ap Clobal Equity l GgP 696 Loomis wayle¥ Global Grgwlh Cquity fund 05,454 Jv HdiiibTu CM UK Dyn¢ltnib Y Iii 2.185 M&G Property Porrfolio I IPAIFI Inc 39,8 Inves¢0 Ptrlpelual Glob31 Targelle(J Reiurns Z a Ashrnore Sicsv EM Local Currency Bond L USD 14.780 Greenal UK Wnd IT 3.267 Merian UK Specialist Equity R GBPACC SPDR S&P US DIv1dendArisiocrai$ ETP GBP 8.861 Stewart Investors Asia Pacific Leaders 8 Acc 21.370 Inv8geo Pèrpètual Corpor2t@ Bond 2 Inc 74,887 JPM Global kla¢r¢ OppvrtUnili06 C Ing 31.936 Jupilcr UK Special Situation" 3.613 Daille Gifford Japanese O InG 81.616 Threadneedlt UK Equity In(*Jmt L Inc 3.473 Do(Jge & Cox Worldwde US Sto1 GBP In 18.914 15hares $ rips 0-5 UCITS ETF GBP 1,343 Baring Europe Sela¢l l GBP Inc 18,916 Franklin UK Smaller Companies WAC¢ Herne5 US Smid Equty L GBPAGC 114.007 Lionlrusl Special Silualion51 Inc 56.429 Gèmcao-AHFM Definèd returns Fund l GBP Inc 50 269 TB Evenlode Ineorn8 C GBP Inc Sthrfjthr IqF A89in Total Rp.liJrn r. r.AP In¢ 871 Lyxor Corp US TIPS ÉTF He(19èd GBP 11.448 INT Public Partner Ord 17.eo8 Civilas Sccial Hou Ord 28,SOO Goldman Sachs Sl&rting liquid reseNes 89,504 113,9S4 62,805 75.800 67.810 GO.77G 25.S30 95,855 96.900 115.059 A4 466 80.023 92.IS6 Se.684 20.132 93,909 1.396 251 1.203 893 18,887 40.000 19.835 4e.878 709 3S7 66.e35 a.579 111,174 63.192 54.%2 105,795 67.212 73.864 .859 50.698 84,547 4R D42 123.263 53,484 e4,3S1 105.191 74.14Q 69.192 64.672 60.417 1.27S 1.132 745 1.741 401 1.450 327 109.867 57,680 113.180 7?.918 73,753 17,6S4 17,693 28.500 120,882 59.098 112.713 &5.457 75,722 19.485 18.661 28.500 892 1.328 1.520 421 573 1.836.536 1.973.859 17.310 12 Debtors 2020 2019 ArnoLEnts lalllng duo Wlthln one y?ar: PpaYmentS and accrued income 1.638 1.698
THE LITTLE ORCHARD CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2020 ij fjrv(fllor•'. amounts T•iiing ou¢ wnIn one year 2020 2019 Other creditors A¢¢nlS and deferred i[¢me 5.709 6,553 6.553 9.553 12.282 14 PlninGlol InBtrumon 2020 2019 arrylng amount of flnanclal a859ts Equity Inslrurnents measured ai fairv8lue through SOFA 2,005.701 1.015.742 CaTrylng amount of flnanclal Ilabllltl¢s Measured al amortised c05t 9.553 12,262 Equity Instruments that are lis1 on B re9uLgted stock e¥¢han9e are mea$ured 81 fair value u$ing ob$¢rvable rnarkel inpul8. Thè inputs uséd in valuing th8 InstmnIg includg indexèg providèd by these r8gulÈlèd markets IS UnrpBtflctfrd fund8 These unrestricted fund$ whith ore rndterial to the ChariV$ astsvities made up as lollows." BalanGg at 1 J•nuary 2020 In¢om• Exp•nditurpRlYIll0no. BolanFf at 31 galns and DgG?mbor 2020 lo$•e unrestnciea Pjnas l.Q44,125 917,954 130,6561 92.649 2.024.012 18 Analyst¥ of net ass•ts bgtsyeon funds Total Fund balances al 31 Decembèr 2020 are represented by.. Invastsnents Current assetsllliabilitr'e81 2.005.701 18.371 2.024,072
THE LITTLE ORCHARD CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 17 Ca8h 9gnorat8d Irom oporatlon8 Z020 2019 Surplus fer the year 979.947 218.658 Adiuslments for Investment Inc¢me recognised In ¥lalement of financial 8clivilies Loss on disposal of Inveslrnents Fair value gains losses on inveskneni$ 117.9541 7.517 1100,1681 114,0541 1,903 187,1011 Movemenis In Wofking capital.. Decreasellincreasel in debtors IDecreasellincrease In crtdilors 60 12.7091 11,8981 2.900 Cash genorated from operatlon$ 866.695 120.608 18 R¢lated party tran6aCtlorts Dunn9 the year donalions of £720,000 12019 - £120,000) wert rec&iv8d from th8 Trusl8es The amount due lo ltte Trustees al the year end Is £3,000 12019 É3,0001 relating to expenses previousFy paid on behalf of thè entjty by lh8 Trustees.