2020-12-31-accounts - The Corcoran Foundation

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					Page
Annual Report ofthe Trustees					1-5
Independent Examiner's Report
Statement of Financial	Activities	(including	Income and Expenditure	Account)
Balance Sheet
Notes to the Financial	Statements				9-14

			Unrestricted	Unrestricted
			Funds	Funds
		Page	2020	2019*
			E	E
Income from:
Investments (note 2)			152,364	139,049
Total Income			152,364	139,049
Expenditure on:
Charitable activities (note Raising funds (note 4)	3)	12 12	25,229 43,576	33,280 33,761
Total Expenditure			68,805	67,041
Net gains on investment	assets (note 5)	13	27,753	274,882
Net income			111,312	346,890
Other recognised gains
Gain on foreign currency	movement		218	1,435
Net movement in funds			111,530	348,325
Reconciliation offunds
Total Funds Brought Forward at 1 January 2020			6,298,789	5,950,464
Total Funds Carried Forward at 31 December 2020		8	6 6,410,319	E 6,298,789

				Page	2020	2019
					8	6
Fixed Assets
Investments and cash under management			(note 5)	13	6,513,709	6,489,769
Total Fixed Assets					6,5'i 3,709	6,489,769
Current Assets
Cash at bank (note Debtor (note 7)	6)			13 13	18	71 2,971
Total Current Assets					18	3,042
Liabilities
Creditors - amounts	falling	due within one	year (note 8)	13	(103,408)	(111,498)
Total Assets less Current		Liabilities			6,410,319	6,381,313
Creditors - amounts	falling	due more than	one year (note 9)	14		(82,524)
Net Assets					6 6,410,319	K 6,298,789
The funds ofthe charity:
Unrestricted funds					6,410,319	6,298,789
Total charity funds				7	E 6,410,319	6 6,298,789

					Page		2020 f		2019* f
3.	EXPENDITURE ON CHARITABLE ACTIVITIES
	UK Grants Awarded:
	Clement James Centre The Sutton Trust Family Action IntoUniversity Rugby Portobello K C Foundation British Library Make the Leap Bookmark Reading		Reg. Reg. Reg. Reg. Reg. Reg. Reg. Reg. Reg.	Charity Charity Charity Charity Charity Charity Charity Charity Charity	No. 1009253 No. 1146244 No. 264713 No. 1118525 No. 703163 No. 1165579 No. 1148608 No. 1058648 No. 1177681		4,020 3,020 2,020 2,000 1,000 1,000 1,000 1,000		25,000
							15,060		25,000
	Finance expense arising on long term grant commitments		unwinding	discount of			2,476
	Total Grants Awarded						17,536	f	25,000
	Governance Costs
	Accountancy fees Legal fees Independent examination	fees					3,810 1,993 1,890		5,580 2,700
						f	7,693	f	8,280
	Total Charitable Activities				7	f	25,229	f	33,280
4.	EXPENDITURE ON RAISING		FUNDS
	Investment management	fees					43,576		33,761
					7	f	43 576	f	33761

		Page		2020		2019*
				E		E
5.	FIXEDASSETS
	Investments and Cash under management
	Investments at market value at 1 January 2020 Additions at cost			5,856,865 1,194,930		5,846,691 309,538
	Disposals at carrying value		(1,243,060)			(574,246)
				5,808,735		5,581,983
	Realised (loss) on disposals Unrealised gain on revaluation			(120,739) 148,492		(4,187) 279,069
	Net Gain on Investment Assets			27,753		274,882
	Market value at 1 January 2020 to 31 December 2020			5,836,488		5,856,865
	Cash held for investment			677,221		632,904
	Total Value at 31 December 2020	8	E	6,513,709	F	6,489,769
	Historic Cost at 31 December 2020		6	5,562,914	E	5,673,975
6.	CASH AT BANK
	Coutts business current account	8	f	18	E	71
7.	DEBTOR
	Income due				F	2,971
8.	CREDITORS - amounts falling due within one year
	Donation commitments			85,000		85,000
	Investment management fees Accountancy fees Independent examination fees			11,208 4,800 2,400		11,318 10,380 4,800
		8	K	103,408	2	111,498