2021-03-31-accounts - The George Goodsir Charitable Trust

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	Page
Reportof the Trustees	Ito3
Independent Examiner'sReport	4
Statement ofFinancial Activities	5
Statement ofFinancial Position	6
Statement ofCashFlows	7
Notes to the Statement of Cash Flows	8
Notes to theFinancialStatements	9to15
Detailed Statement ofFinancial Activities	l6

		2021	2020
		Unrestricted	Total
	Notes	tund f	fundst
INCOMEAi\DENDOWMENTSFROM
Donations and legacies	2		18,000
Investnent income	J	121,596	145,976
Total		121,596	163,976
EXPEI\DITT]RE ON
Raisingfunds	4	30,121	32,514
Charitable activities	5
Grants		90,000	140,000
Other		8,984	6,575
Total		129,111	179,089
Netgains/(losses) on investrnents		1,239,793	(877,468)
t NET INCOME(EXPEI\DITTJRE)		1,232,278	(892,581)
RECONCILIATIONOFFT]NDS
Total funds broughtforward		2,800,994	3,693,575
TOTALFT]IIDSCARRIED FORWARI)		4,033,272	2,800,994

		2021	2020
		Unrestricted	Toial
		fimd	firnds
	Notes	t	f
FIXEDASSETS
Investments	l0	4,039,826	2,793,594
CI]RRENTASSETS
Cashatbank		2,386	13,950
CREDITORSI
Amounts fallingduewithinoneyear	ll	(8,940)	(6,540)
NET CI]RRNNTASSETS		(6,554)	7,410
TOTALASSETSLESSCURRENT
LHBILITIES		4,033272	2,900,994
NETASSETS		4,All,l72	2,800,994
FI]NI'S	t2
Unresfictedfrrnds		4,033272	2,900,994
TOTALF"I'NDS		4p33272	2,800,994
Thefinancialstatementswerearovedb	heBoard ofTrustees nd thridfori	2>	2ce2

	Notes	2021f	2020 f
Cash flowsfromoperating activities
Cash generatedfromoperations	I	(126,71t)	(157,549)
Netcash usedinoperatingactivities		(126,711)	(157,549)
Cash flowsfrominvestingactivities
Purchaseof fixedassetinvestments		(2,582,003)	(377,452)
Saleoffixedassetinvestrnents		2,575,554	337,990
DividendIncome		I 18,596	145,139
Interest received		3,000	837
Netcashprovided byinvestingactivities		ll5,l47	106,514
Changeincashandcashequivalentsinthe
reporting period		(l1,564)	(51,035)
Cash andcashequivalents at thebeginning
ofthereporting period		13,950	64,985
Cash andcashequivalents at the end of the
reporting period		2,386	13,950

RECONCILIATIONOFNETINCOME(EXPENDTTTTRE) TONETCASH ACTTVITIES	FLOWFROM OPE	RATTNG
	2021	2020
	tt
Netincome(expenditure)forthereportingperiod(asper the Statement ofFinancial Activities)	1,232,278	(892,591)
Adjustmentsfor:
(Gain)/losses oninvestnents	(1,239,793)	877,468
Interest received	(3,000)	(837)
Dividendincome	(118,596)	(145,139)
Increaseincreditors Netcash usedinoperations	2,400w	(157,549) 3,540

2.	DONATIONS ANDLEGACIES
			2021	2020
			f	f
			'
	Donations			18,000
3.	INTVESTMENTINCOME
			2021	2020
			f	f
	Dividendincome	I	18,596	145,139
	Depositaccount interest		3,000	837
		121,596		145,976
		:
4.	RAISINGFTJNDS
	IIIVESTMENTMAIIAGEMENTCOSTS
			2021 f	2020t
	Portfoliomanagement		30,127	32,514
5.	CHARITABLE ACTIVITIESCOSTS
				Grant
				fundingof
				activities
				(seenote
				6)
				f.
	Grants			90,000

6.	GRANTSPAYABLE
			2021t	2020 f
	Grants		90,000	140,000
			2021	2020
			t	f.
	RAFBenevolent Fund			15,000
	The Royal FreeCharity			50,000
	The Orpheus Centre		20,000	25,000
	RidingfortheDisabled		5,000	25,000
	SportinMS		15,000
	DisableSailorsAssociation		20,000
	Aerobility		25,000
	CroydonChurchesFloatingShelter		5,000
			90,000	140,000
7.	SI.JPPORTCOSTS
			Governance
		Finance	costs	Totals
		f	f	f.
	Otherresourcesexpended	44 :	8,940 :	8,994

COMPARATTVESFORTHESTATEMENTOFFINAT\CIA	LACTIVITIES
		Unrestricted
		tundt
INCOMEAI[D ENDOWMENTSFROM
Donations and legacies		18,000
Invesfonentincome		145,976
Total		163,976
EXPENDITI.]RE ON
Raisingfunds		32,514
Charitable activities
Grants		140,000
Other		6,575
Total		179,089
Netgains(losses)on investments		(877,468)
NETTNCOME(EXPENDTTTJRE)		(892,581)
RECONCILIATIONOFFT]NDS
Total funds broughtforward		3,693,575
TOTALFUNDSCARRIED FORWARI)		2,800,994
FIXEDASSETI}WESTMENTS
	Cost	Market Value
	f"	f.
At1April2020	3,804,304	2,793,594
Additions	749,000	749,000
Disposalsatcost	(740,698)	(740,698)
Netgain onrevaluation		1,237,940
At3lMarch202l	3,812,6064,039,926

	UnitedOutsideUnited	UnitedOutsideUnited
Equities Fixedinterest	Kingdom 69.00% 4.72%	Kingdom 31.00% 11/8%	Total 73.90% 16.20%
Property	3.01%	2.290A	5.30%
Altemative	-	2.80%	2.80%
Cash Otherassets	0.10o/o_	1.70%	0.10% 1.70%
Total	76.83%	49.27yo	100%
CREDITORS:AMOUNTSFALLINGDUEWITHINONEYEAR
		2021	2020
		f.	t
Other creditors		8,940 :	6,540
MOVEMENTINFTJIIDS
		Net
		movement	At
	At1.4.20	in funds	31.3.21
	f	f.	f
Unrestricted funds
Generalfund	2,800,994	1,232,278	4,033,272
TOTALFTJIIDS	2,800,994 :	1,232,278	4,033,272

	Incoming	Resources	Gainsand	Movement
	resources f	expended t	losses f.	infunds t
Unrestricted funds
Generalfund	121,596	(129,1Il)	1,239,793	1,232,279
TOTALFTJIIDS	12t,596	(129,11l)	1,239,793	1,232,279
Comparativesformovementinfunds
			Net
			movement	At
		A.t1.4.19	infunds	31.3.20
		f.	f	f
Unrestricted funds
Generalfund	3,693,575		(892,581)	2,800,994
TOTALFI.JNDS	3,693,575		(892,581)	2,900,994
Comparative net movementinfunds, included in theabove areasfollows:
	Incoming	Resources	Gains and	Movement
	resources f,	expended f.	losses f.	infunds t
Unrestricted funds
Generalfund	163,976	(179,089)	(877,468)	(892,581)
TOTALFI.JIIDS	163,976 :	(179,089) :	(877,468)	(892,581)

	Incoming	Resources	Gains and	Movement
	resources E	expended f	losses f.	infunds f
Unrestricted funds
Generalfund	285,572	(308,200)	362,325	339,697
TOTALFTJI\DS	285,572	(308,200)	362,325	339,697