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|||Page|
|---|---|---|
|Trustees Annual Report||I —3|
|Statement ofTrustees'|Responsibilities||
|Independent<br>Examiners'|Report||
|Statement ofFinancial|Activities||
|Balance Sheet|||
|Notes to the Financial Statements||8-13|





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|||iVote|Unrestricted|Unrestricted|
|---|---|---|---|---|
||||Funds|Funds|
||||2020|2019|
|||||g|
|Income and endowments|||||
|Donations|||17,786|35,722|
|Investment<br>income|||20,716|21,553|
|Other Income||||2,003|
|Total income|||38,502|59,278|
|Expenditure|||||
|Donations|||20,417|73,227|
|Charitable<br>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<br>in funds|||(2,995)|13,590|
|Total funds brought|forward||919,724|906,134|
|Total funds carried|forward||916,729|919,724|





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||||||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|






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||||||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|





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|During||the year th|e Fund made|donations<br>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||





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|RNLI|||Lizard|460|300|
|---|---|---|---|---|---|
||||Bude|300||
||||Fowey|300||
||||Rock|600||
||||Falmouth||300|
||||IoS||300|
||||Padstow||300|
||||StIves||300|
|StPetrocs PCC||||250||
|PMS International<br>-Teddies for Loving|||Care|2,808|2,808|
|1stStoke Climsland<br>Cub|Scout Group||||250|
|Cruse Bereavement<br>Care|||||500|
|Cystic Fibrosis (Child Health)|||||688|
|Lauren &,Rosie Fund|||||500|
|Lord Lieutenants<br>Fund for||Youth|||1,000|
|Relief Chest Festival 2024|||||57,881|
|StPiran's Lodge|||||200|
|Emergency<br>grant donations||||1,000||
|||||20,417|73,227|
|7. Charitable<br>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<br>costs||||75|102|
|Repairs &maintenance||||101|214|
|Promotional<br>expenses|||||650|
|Independent<br>examiner's||remuneration||1,386|3,895|
|Portfolio management|fees|||7,370|5,941|
|||||28,628|29,185|





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||||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|





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||FORTHE YEAR|ENDED 31DECEM|BER2020||
|---|---|---|---|---|
||||2020|2019|
|9.Investments|(cont'd)||||
|Investments|at market value comprised:||||
|||2020<br>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<br>investments<br>representing<br>i<br>December 2020 or 31December 2019.|n excess of5%ofthe investment<br>p|ortfolio at 31|
|---|---|---|
||2020|2019|
|lb.Cash at bank and in hand|||
|Instant Access Account|89,619|121,463|
|Treasurers<br>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|



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