| Unrestricted | Endowment | |||||
|---|---|---|---|---|---|---|
| Funds | Funds | Total | 2020 | |||
| Note | I | (restated) I |
||||
| INCOMING RESOURCES | ||||||
| Donations | 20,000 | 20,000 | 20,000 | |||
| Investment income |
3 | 5,731 | 5,731 | 12,006 | ||
| TOTAL INCOMING RESOURCES | 25,731 | 25,731 | 32,006 | |||
| RESOURCES EXPENDED | ||||||
| Raising funds | ||||||
| Investment Manager's |
fees | 14,838 | 14,838 | 12,473 | ||
| Charitable activities |
||||||
| Prizes | 10,000 | 10,000 | 10,000 | |||
| Contributions to First |
Book Award | 10,000 | 10,000 | 10,000 | ||
| Award expenses | 9,334 | 9,334 | 21,978 | |||
| Other | 6 | 34,084 | 34,084 | 21,858 | ||
| 63,418 | 14,838 | 78,256 | 76,309 | |||
| NET (EXPENDITURE) | BEFORE | (37,687) | (14,838) | (52,525) | (44,303) | |
| INVESTMKNT GAINS | ||||||
| NET GAINS ON INVESTMKNTS | 313,960 | 313,960 | 75,556 | |||
| NET (EXPENDITURE)/INCOME | (37,687) | 299,122 | 261,435 | 31,253 | ||
| TRANSFERS BETWEEN FUNDS | 7 | 40,000 | (40,000) | |||
| FUND BALANCES AT | IAPRIL 2020 | 106,645 | 1,338,724 | 1,445,369 | 1,414,116 | |
| FUND BALANCES AT | 31MARCH 2021 | 108,958 | 1,597,846 | 1,706,804 | 1,445,369 |
| Unrestricted | Restricted | Total | 2020 | |||
|---|---|---|---|---|---|---|
| Funds | Funds | |||||
| 6 | ||||||
| Dividends | and interest &om investment | portfolio | 5,695 | 5,695 | 11,681 | |
| Bank interest | 36 | 36 | 325 | |||
| 5,731 | 5,731 | 12,006 |
| During the c 6. OTHER |
urrent and preceding COSTS |
years, the | Foundat | ion did not emplo |
y any members | ofstaff. | |
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | 2020 | ||||
| Funds | Funds | (restated) | |||||
| PRfees and expenses | 14,400 | 14,400 | 12,000 | ||||
| Other office | and administration | costs | 12,767 | 12,767 | 8,207 | ||
| Website costs | 5,407 | 5,407 | 247 | ||||
| Bank charges | 160 | 160 | 54 | ||||
| Governance | costs —Independent | Examiner's | fees | 1,350 | 1,350 | 1,350 | |
| 634,084 | f | 634,084 | f21,858 |
| 8. INVKSTMKNTS | ||||||||
|---|---|---|---|---|---|---|---|---|
| Fixed Asset Investments | 2021 | 2020 | ||||||
| 8 | ||||||||
| Investments listed on recognised stock exchange |
||||||||
| Balance brought forward as at 1 April 2020 | at market value | 1,218,704 | 1,227,459 | |||||
| Additions to investments at cost |
856,879 | 478,777 | ||||||
| Disposals | (880,453) | (563,088) | ||||||
| Surplus on revaluations | 313,960 | 75,556 | ||||||
| 1,503,641 | 1,218,704 | |||||||
| Cash held aspart ofinvestment portfolio |
115,987 | 135,505 | ||||||
| Balance carried forward as at31March 2021 at market value | f1,619,628 | f1,354,009 | ||||||
| Analysis ofInvestments | ||||||||
| Income from | ||||||||
| investments | ||||||||
| in | the year | |||||||
| g | ||||||||
| Investments listed on arecognised stock exchange |
5,695 | |||||||
| Cash held as part ofinvestment portfolio |
||||||||
| Total | 65,695 | |||||||
| All investments held by the Foundation form part |
ofpermanent | endowment | funds | held. | ||||
| The investment fund and application oftotal return to permanent |
endowment | funds | ||||||
| Opening value ofpermanent endowment as |
at 1 April 2020 | 1,339,263 | ||||||
| Less: Value ofpermanent endowment at date Order first applied |
(1,033,275) | |||||||
| Opening value ofunapplied total return |
305,988 | |||||||
| Add: Investment return: gains |
313,960 | |||||||
| Less: Investment management and other costs |
(14,838) | |||||||
| Unapplied total return allocated to income in the reporfing period |
(40,000) | |||||||
| Unapplied total return as at 31March 2021 |
565,110 | |||||||
| Add: Value ofpermanent endowment at date Order fust applied |
1,033,275 | |||||||
| Permanent endowment including unapplied |
total | return | ||||||
| as at 31March 2021,constituting the investment |
fund | 61,598,385 |
| 2021 | 2020 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Prepayments | 11,336 | |||||||||
| 811,336 | ||||||||||
| 10.CREDITORS: | Amounting | falling | due within | one | year | |||||
| 2021 | 2020 | |||||||||
| Accruals and deferred income | 15,385 | 14,553 | ||||||||
| 615,385 | 614,553 | |||||||||
| 11.ANALYSIS OF FUNDS | ||||||||||
| Movement | on Funds | |||||||||
| Balances | Incoming | Outgoing | Gains and | Reallocation | Balances | |||||
| B/fwd | Resources | Resources | Losses | C/fwd | ||||||
| f | f. | |||||||||
| Unrestricted | funds | 106,645 | 25,731 | (63,418) | 40,000 | 108,958 | ||||
| Capital endowment | funds | 1,338,724 | - | (14,838) | 313,960 | (40,000) | 1,597,846 | |||
| Total funds | 1,445,369 | 25,731 | (78,256) | 313,960 | 1,706,804 |