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|Trustees|||J F Rowse (Chair ofthe|J F Rowse (Chair ofthe|J F Rowse (Chair ofthe|Board)||||
|---|---|---|---|---|---|---|---|---|---|
||||D Emerson||(Independent|Member)||(Appointed 11November|2020)|
||||TGriifiths (Iay Member)|||||||
||||5 G Hibbert||(Lay Member)|||||
||||D M Holland||(CSEU Member)|||||
||||RA Holmes||(Lay Member)|||||
||||AJ McDlarmid
(CSEU Member)|||||||
||||D 5 McPhee||(Lay Member)|||||
||||R Murdoch||(CSEU Member)|||||
||||H Scullion (Subscriber)|||||||
||||CStevenson||(Lay Member)|||||
|Executive|Director||I Waddell|||||||
|Deputy Director|||KGoddard|||||||
|Finance and Administration||Manager|N Ojike|||||||
|Charity number|||1179847|||||||
|Company|number||11145243|||||||
|Registered|offlce||10Salamanca
Place|||||||
||||Vauxhall|||||||
||||London|||||||
||||SE17HB|||||||
|Auditor|||HW Fisher|LLP||||||
||||Acre House|||||||
||||11-15William
Road|||||||
||||London|||||||
||||NW13ER|||||||
|Bankers|||Umty Trust||Bank Pic|||||
||||Four Brindleyplace|||||||
||||Birmingham|||||||
||||812JB|||||||
|Legal advisors|||Bates Wells|||||||
||||10Queen Street Place|||||||
||||London|||||||
||||EC4R 1BE|||||||
|Investment|advisors||Rathbones||Investment|Management|Ltd|||
||||8 Finsbury|Circus||||||
||||Finsbury|||||||
||||London|||||||
||||EC2M 7AZ|||||||
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|---|---|---|---|
|Trustees report|||1-4|
|Statement of|Trustees|responsibilities||
|Independent|auditor's|report|6-8|
|Statement of|financial|activities||
|Balance sheet|||10|
|Statement of|cash flows|||
|Notes to the financial||statements|12 - 19|
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||||||Unrestricted|Unrestncted|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||2020|2019|
|||||Notes|6'000s|FTJOOs|
|Investments|||||209|608|
|Raising funds|||||66|91|
|Charitable
activities|||||667|294|
|Total resources|expended||||733|385|
|Net gains/(losses)
on investments||||10|(5,394)|1,419|
|Net movement|ln funds||||(5,918)||
|Fund balances|at 1January 2020||||16,271|14,629|
|Fund balances|at 310ecember2020||||10,353|16,271|
|The statement|offinancial activities includes|ag gains and losses recognised|in the year.||||
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|||||2020||2019||
|---|---|---|---|---|---|---|---|
||||Noma|E'000s|6'000s|E'000s|E'000s|
|Cash flows from operating|activities|||||||
|Cash absorbed
by operations|||16||(696)||(272)|
|Investing activities||||||||
|Purchase of investments||||(8,578)||(1,130)||
|Proceeds on disposal of investments||||6,923||3,749||
|Investment
income received||||209||608||
|Net cash (used ln)/generated
from Investing||||||||
|activities|||||(1,446)||3,227|
|Net cash used In financing|activities|||||||
|Net (decrease)/increase
in|cash and cash equivalents||||(2,142)||2,955|
|Cash and cash equivalents|at beginning|ofyear|||2,955|||
|Cash and cash equivalents|at end ofyear||||813||2,955|
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|||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2020|2019|
|||||6'000s|6'000s|
||Investment|income||209|608|
|4|Raising funds|||||
|||||Unrestricted|Unrestricted|
|||||funds|funds|
|||||2020|2019|
|||||6'000s|C000s|
||Investment|management|fees|66|91|
|||||66||
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||||2020|2019|
|---|---|---|---|---|
||||6'000s|6'000s|
|Grant funding||ofactivities (see note 6)|416|35|
|Support costs||(see note 7)|230|205|
|Governance|costs (see note 7)||21|54|
||||667|294|
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|||2020|2019|
|---|---|---|---|
|||6'000s|6'000s|
|Grants to institutions:||||
|Community|grants|243||
|Research grants||156||
|Exceptional|grants|17||
|Other|||35|
|||416|35|
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|7|Support costs|Support costs|||||||
|---|---|---|---|---|---|---|---|---|
||||Support costs|Governance|2020|Support costs|Governance|2019|
|||||costs|||costs||
||||E'000s|E'000s|E'000s|E'000s|E'000s|F.'000s|
||Staff costs||186||186|103||103|
||Occupancy costs||12||12|16||16|
||Legal and|professional|6||6|47||47|
||Premises|costs||||20||20|
||Meeting|costs|12||12|19||19|
||Audit fees|||14|14||20|20|
||Non - audit fees|||7|7||34|34|
|||||21|251|205|54|259|
||Analysed|between|||||||
||Charitable|activities|230|21|251|205|54|259|
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|Employment|costs|2020|2019|
|---|---|---|---|
|||f'000s|f'000s|
|Wages and salaries||89|15|
|Social security|costs|4|1|
|Pension costs||6||
|Recharged
staff costs||87|87|
|||186|103|
|The number
ofemployees
whose annual
remuneration
was|f60,000or more were:||
|---|---|---|
||2020|2019|
||Number|Number|
|660,001-f70,000|1||
||||20ZO|2019|
|---|---|---|---|---|
||||E'000s|6'000s|
|Revaluation|of|investments|876|510|
|(Loss)/gain|on|sale ofinvestments|(6,270)|909|
||||(5,394)|1,419|
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||||||||Listed|investments|
|---|---|---|---|---|---|---|---|---|
|||||||||5'000s|
||Cost orvaluation||||||||
||At 1January
2020|||||||13,440|
||Additions|||||||8,578|
||Valuation
changes|||||||876|
||Disposals|||||||(13,193)|
||At 31December|1020||||||9,701|
||Carrying amount||||||||
||At 31December|1020||||||9,701|
||At 31Demmber|2019||||||13,440|
|12|Financial instruments||||||2020|2019|
||||||||5'000s|5'000s|
||Carrying amount|of|financial||assets||||
||instruments
measured|||at fair|value through|profit or loss|9,701|13,440|
|13|Delltors||||||||
||||||||2020|2019|
||Amounts
falling|due|within one year:||||3'000s|8'000s|
||Prepayments
and accrued income||||||10||
|14|Creditors: amounts||falling due within one|||year|||
||||||||2020|2019|
||||||||4'000s|8'000s|
||Other creditors||||||92|85|
||Accruals snd deferred|||income|||79|39|
||||||||171|124|
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|16|Cash generated
from operations|2020|2019|
|---|---|---|---|
|||B000s|6'000s|
||(Deficit)/surpus
for the year|(5,918)|1,642|
||Adjustments
for:|||
||Investment
income recognised
in statement offinancial activities|P09)|(608)|
||Loss/(gain)
on disposal of investments|6,270|(909)|
||Fair value gains and losses on investments|(876)|(51D)|
||Movements
in working capital:|||
||(Increase) in debtors|(10)||
||Increase
in creditors|47|113|
||Cash absorbed
by operations|(696)|(272)|
|17|Analysis ofchanges
In net funds|||
||The had no debt during the year.|||