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





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||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||Funds|Funds|
|||Page|2020|2019*|
||||E|E|
|Income from:|||||
|Investments<br>(note 2)|||152,364|139,049|
|Total Income|||152,364|139,049|
|Expenditure<br>on:|||||
|Charitable<br>activities (note <br>Raising funds (note 4)|3)|12<br>12|25,229<br>43,576|33,280<br>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<br>gains|||||
|Gain on foreign currency|movement||218|1,435|
|Net movement<br>in funds|||111,530|348,325|
|Reconciliation<br>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|





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|||||Page|2020|2019|
|---|---|---|---|---|---|---|
||||||8|6|
|Fixed Assets|||||||
|Investments<br>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 <br>Debtor (note 7)|6)|||13<br>13|18|71<br>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<br>funds|||||6,410,319|6,298,789|
|Total charity funds||||7|E 6,410,319|6 6,298,789|





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





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|||Page||2020||2019*|
|---|---|---|---|---|---|---|
|||||E||E|
|5.|FIXEDASSETS||||||
||Investments<br>and Cash under management||||||
||Investments<br>at market value at 1 January 2020<br>Additions at cost|||5,856,865<br>1,194,930||5,846,691<br>309,538|
||Disposals at carrying<br>value||(1,243,060)|||(574,246)|
|||||5,808,735||5,581,983|
||Realised (loss) on disposals<br>Unrealised<br>gain on revaluation|||(120,739)<br>148,492||(4,187)<br>279,069|
||Net Gain on Investment<br>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<br>current account|8|f|18|E|71|
|7.|DEBTOR||||||
||Income due||||F|2,971|
|8.|CREDITORS - amounts<br>falling due within one year||||||
||Donation<br>commitments|||85,000||85,000|
||Investment<br>management<br>fees<br>Accountancy<br>fees<br>Independent<br>examination<br>fees|||11,208<br>4,800<br>2,400||11,318<br>10,380<br>4,800|
|||8|K|103,408|2|111,498|





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||||||Page||2020|||2019*|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||E|||E|
|9.|CREDITORS - amounts||falling|due after more than|||||||
||one year||||||||||
||Donation|Commitments||||||||82,524|
||||||8|E||-|E|82,524|



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