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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|
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|||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|
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||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|
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|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|
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||Ar1.4.20|Cashflow|At3l.3.2l|
|---|---|---|---|
||t|t|f.|
|Netcash||||
|Cashatbank|13,950|(tt,*)|2,396|
||13,950|(tt,*)|2,396|
|Total|13,950|(l1,s64)|2,396|
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|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|
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|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|
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|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||
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||€|
|---|---|
|Equities|2,983,533|
|Fixedinterest|654,577|
|Property|215,449|
|Alternative|113,574|
|Cash|5,633|
|Otherassets|66,880|
||4,039,926|
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||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|
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||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)|
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|||Net||
|---|---|---|---|
|||movement|At|
||At1.4.19|infunds|31.3.21|
||E|t|t|
|Unrestrictedfunds||||
|Generalfund|3,693,575|339,697|4,033,272|
|TOTALFUi\IDS|3,693,575|339,697|4,033,272|
||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|
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