2021-12-31-accounts

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

	Note	Unrestricted	Unrestricted
		Funds	Funds
		2021	2020
Income and endowments
Donations		18,769	17,786
Investment income		36,278	20,716
Total income		55,047	38,502
Expenditure
Donations		18,795	20,417
Charitable expenditure		27,821	28,628
Total expenditure		46,616	49,045
Net income/(expenditure)		8,431	(10,543)
Changes in fair value ofinvestments	g	37,320	7,548
Net movement in funds		45,751	(2,995)
Total funds brought forward		916,729	919,724
Total funds carried forward		962,480	916,729

					Unrestricted	Unrestricted
					Funds	Funds
				Note	2021	2020
Fixed Assets
Investments					869,581	825,170
Current Assets
Cash at bank		and in hand			94,474	94,703
Creditors:	Amounts		falling due
	within one year				(1,575)	(3,144)
Net Current		Assets			92,899	91,559
Total Assets		less Current Liabilities			962,480	916,729
Funds ofthe		Charity
Unrestricted		Reserves			962,480	916,729

					2021	2020
3.	Donations
	Donations	and subscriptions			12,169	11,186
	Office contributions		—Provincial	Grand Lodge ofCornwall	6,600	6,600
					18,769	17,786
4.	Investment	income
	Income from investments				36,269	20,616
	Bank Interest				9	100
					36,278	20,716

Charitable donations	Charitable donations	Charitable donations	Charitable donations
During the year the				Fund made donations	to local Charihes	and Bodies as follows:
						2021	2020
Par Parish		Church					500
Fleet							500
White Gold Cornwall							500
Walkers Lines Gym Trust							500
Helston Memory Cafe							500
Goonown		Play Fields					500
Cornwall		Blood Bikes				1,000	500
Merlin MS Centre						1,000	1,500
Cornwall		Community		Foundation		1,000	1,000
Cornwall		Air Ambulance				1,000	1,000
Lifelites						1,000	1,000
MacMillan Cancer			Care			1,000	1,000
Marie Curie						1,000	1,000
Children's		Hospice	SW			1,000	1,000
Cornwall		Hospice	Care			1,000	1,000
National	Coastwatch			Rame	Head		300
				Portscatho			300
				Polraun			300
				Penzance			300
				Bass Point		300
				Stepper Head		300
				StAgnes		300
Individual		freemason		support			499
Disability		Cornwall				1,000	1,000
RNLI				Lizard			460
				Bude			300
				Fowey			300
				Rock			600
				Port Isaac		300
				Looe		300
				Isle ofScilly		300
				Newquay		300
				StAgnes		300
StPetrocs		PCC					250
PMS International			—Teddies for Loving Care			2,395	2,808
Emergency grant donations							1,000

					2021	2020
5.	Charitable donations	(continued)
	Sowena Appeal				500
	Oasis Centre				500
	Penhaligons Friends				1,000
	East Cornwall Search Rescue				500
	Biscuits Penwith				500
	Cornwall Food Action				1,000
					18,795	20,417
6.	Charitable expenditure
	Staff costs (note 7)				8,150	8,150
	Rent and rates				6,775	6,733
	Heat dr, light				1,583	2,687
	Telephone &internet				1,317	2,126
	Computer costs				75	75
	Repairs k maintenance				180	101
	Independent examiner's	remuneration			1,689	1,386
	Portfolio management	fees			8,052	7,370
					27,821	28,628
7.	Staff Costs and Trustees'		Remuneration
	Salaries				8 150	8 150
	The average number ofemployees			during the period was:

			2021	2020
8.	Investments
	Fair value at beginning of	year	805,410	732,159
	Additions		33,224	95,983
	Disposals		(51,092)	(30,280)
	Change in fair value		37,320	7,548
	Fair value at end ofyear		824,862	805,410
	Fair value ofInvestments	(as above)	824,862	805,410
	Cash held in portfolio		44,719	19,760
	Total Investments		869,581	825,170

	Investments	at market value comprised:	at market value comprised:
	2021	2020
UK Fixed interest securities	(24%)	/ (31%)	203,445	254,402
UK Equiges	(15%)/ (16%)		133,959	133,695
Overseas Equities and Funds	(36%)	/ (32%)	316,087	262,932
Other investments	(20%)	/ (19%)	171,371	154,381
Cash	(5%) / (2%)		44,719	19,760
			869,581	825,170

91,687	89,619
2,787	5,084
94,474	94,703

	2021	2020
10.Creditors
Due within one year:-
Accruals and deferred income		3 144