| Page | ||
|---|---|---|
| Trustees Annual Report | I —3 | |
| Statement ofTrustees' | Responsibilities | |
| Independent Examiners' |
Report | |
| Statement ofFinancial | Activities | |
| Balance Sheet | ||
| Notes to the Financial Statements | 8-13 |
| iVote | Unrestricted | Unrestricted | ||
|---|---|---|---|---|
| Funds | Funds | |||
| 2020 | 2019 | |||
| g | ||||
| Income and endowments | ||||
| Donations | 17,786 | 35,722 | ||
| Investment income |
20,716 | 21,553 | ||
| Other Income | 2,003 | |||
| Total income | 38,502 | 59,278 | ||
| Expenditure | ||||
| Donations | 20,417 | 73,227 | ||
| Charitable expenditure |
28,628 | 29,185 | ||
| Total expenditure | 49,045 | 102,412 | ||
| Net (expenditure)/income | (10,543) | (43,134) | ||
| Changes in fair value | ofinvestments | 7,548 | 56,724 | |
| Net movement in funds |
(2,995) | 13,590 | ||
| Total funds brought | forward | 919,724 | 906,134 | |
| Total funds carried | forward | 916,729 | 919,724 |
| Unrestricted | Unrestricted | |||||
|---|---|---|---|---|---|---|
| Funds | Funds | |||||
| Note | 2020 | 2019 | ||||
| Fixed Assets | ||||||
| Investments | 825,171 | 795,246 | ||||
| Current Assets | ||||||
| Cash at bank | and in hand | 94,703 | 125,798 | |||
| Creditors: | Amounts | falling due | ||||
| within one year | (3,144) | (1,320) | ||||
| Net Current | Assets | 91,559 | 124,478 | |||
| Total Assets | less Current Liabilities | 916,730 | 919,724 | |||
| Funds ofthe | Charity | |||||
| Unrestricted | Reserves | 919,730 | 919,724 |
| 2020 | 2019 | |||||
|---|---|---|---|---|---|---|
| 3. | Donations | |||||
| Donations | and subscriptions | 11,186 | 29,122 | |||
| Office contributions | —Provincial | Grand Lodge ofComwall | 6,600 | 6,600 | ||
| 17,786 | 35,722 | |||||
| 4. | Investment | income | ||||
| Income &om investments | 20,616 | 21,364 | ||||
| Bank Interest | 100 | 189 | ||||
| 20,716 | 21,553 |
| During | the year th | e Fund made | donations to local Charitie |
s and Bodies as follows | : | |
|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||
| K | ||||||
| Par Parish | Church | 500 | ||||
| Fleet | 500 | |||||
| White Gold Cornwag | 500 | |||||
| Walkers | Lines Gym Trust | 500 | ||||
| Helston Memory Cafe | 500 | |||||
| Goonown | Play Fields | 500 | ||||
| Cornwall | Blood Bikes | 500 | 500 | |||
| Merlin MS Centre | 1,500 | 500 | ||||
| Cornwall | Community | Foundation | 1,000 | |||
| Cornwall | Air Ambulance | 1,000 | 1,000 | |||
| Lifelites | 1,000 | 1,000 | ||||
| MacMillan | Cancer Care | 1,000 | 1,000 | |||
| Marie Curies | 1,000 | 1,000 | ||||
| Childrends | Hospice SW | 1,000 | 1,000 | |||
| Cornwall | Hospice Care | 1,000 | 1,000 | |||
| National | Coastwatch | Rame Head | 300 | |||
| Portscatho | 300 | |||||
| Polraun | 300 | |||||
| Penzance | 300 | |||||
| Charlestown | 300 | |||||
| Gwennap | 300 | |||||
| Narc | 300 | |||||
| Individual | freemason | support | 499 | |||
| Disability | Cornwall | 1,000 |
| RNLI | Lizard | 460 | 300 | ||
|---|---|---|---|---|---|
| Bude | 300 | ||||
| Fowey | 300 | ||||
| Rock | 600 | ||||
| Falmouth | 300 | ||||
| IoS | 300 | ||||
| Padstow | 300 | ||||
| StIves | 300 | ||||
| StPetrocs PCC | 250 | ||||
| PMS International -Teddies for Loving |
Care | 2,808 | 2,808 | ||
| 1stStoke Climsland Cub |
Scout Group | 250 | |||
| Cruse Bereavement Care |
500 | ||||
| Cystic Fibrosis (Child Health) | 688 | ||||
| Lauren &,Rosie Fund | 500 | ||||
| Lord Lieutenants Fund for |
Youth | 1,000 | |||
| Relief Chest Festival 2024 | 57,881 | ||||
| StPiran's Lodge | 200 | ||||
| Emergency grant donations |
1,000 | ||||
| 20,417 | 73,227 | ||||
| 7. Charitable expenditure |
|||||
| Staff costs (note 8) | 8,150 | 8,103 | |||
| Rent and rates | 6,733 | 6,738 | |||
| Heat &.light | 2,687 | 1,398 | |||
| Telephone &internet | 2,126 | 2,144 | |||
| Computer costs |
75 | 102 | |||
| Repairs &maintenance | 101 | 214 | |||
| Promotional expenses |
650 | ||||
| Independent examiner's |
remuneration | 1,386 | 3,895 | ||
| Portfolio management | fees | 7,370 | 5,941 | ||
| 28,628 | 29,185 |
| 2020 | 2019 | |||
|---|---|---|---|---|
| 8. | Staff Costs and Trustees' Remuneration | |||
| Salaries | 8 150 | 8 103 | ||
| The average nmnber ofemployees | during the period was: |
| 31Dec 2020 | 31Dec 2019 | ||||
|---|---|---|---|---|---|
| 9. | Investments | ||||
| Fair value at beginning | of | year | 732,159 | 600,878 | |
| Additions | 95,983 | 195,575 | |||
| Disposals | (30,279) | (123,018) | |||
| Change in fair value | 7,548 | 56,724 | |||
| Fair value at end ofyear | 805,411 | 732,159 | |||
| Fair value ofInvestments | (as above) | 805,411 | 732,159 | ||
| Cash held in portfolio | 19,760 | 63,087 | |||
| Total Investments | 825,171 | 795,246 | |||
| Incoine from investments | (note 4) | 20,616 | 21,364 |
| FORTHE YEAR | ENDED 31DECEM | BER2020 | ||
|---|---|---|---|---|
| 2020 | 2019 | |||
| 9.Investments | (cont'd) | |||
| Investments | at market value comprised: | |||
| 2020 2019 |
||||
| UKFixed interest securities | (31%)/ (32%) | 254,402 | 258,315 | |
| UK Equities | (16%)/ (17%) | 133,695 | 136,883 | |
| Overseas Equities and Funds | (32%)/ (23%) | 262,932 | 178,915 | |
| Other investments | (19%)/ (20%) | 154,382 | 158,046 | |
| Cash | (2%) / (8%) | 19,760 | 63,087 | |
| 825,171 | 795,246 |
| There were no individual investments representing i December 2020 or 31December 2019. |
n excess of5%ofthe investment p |
ortfolio at 31 |
|---|---|---|
| 2020 | 2019 | |
| lb.Cash at bank and in hand | ||
| Instant Access Account | 89,619 | 121,463 |
| Treasurers Account |
5,084 | 4,335 |
| 94,703 | 125,798 | |
| 2020 | 2019 | |
| 11.Creditors | ||
| Due within one year:- | ||
| Accruals and deferred income | 3 144 | 1 320 |