| Page | |||
|---|---|---|---|
| Reference and Administrative Details |
|||
| Report ofthe Trustees | 2 | to | 3 |
| Report ofthe Independent Auditors |
4 | to | 6 |
| Statement ofFinancial Activities | |||
| Balance Sheet | |||
| Cash Flow Statement | |||
| Notes to the Cash Flow Statement | 10 | ||
| Notes to the Financial Statements | 11 | to | 15 |
| Detailed Statement ofFinancial Activities | 16 |
| TRUSTEES | SEvans |
|---|---|
| M Evans | |
| N Jamar | |
| PRINCIPAL ADDRESS | 25 StThomas Street |
| Winchester | |
| Hampshire | |
| SO23 9HJ | |
| REGISTERED CHARITY NUMBER | 1181260 |
| AUDITORS | Martin and Company |
| Audit Limited | |
| 25 St Thomas Street | |
| Winchester | |
| Hampshire | |
| SO23 9HJ | |
| INVESTMENT ADVISORS | Goldman Sachs dt CoLLC |
| 200 West Street | |
| New York | |
| NY 10282 |
| Period | |||||
|---|---|---|---|---|---|
| 19.12.18 | |||||
| Year Ended | to | ||||
| 31.12.20 | 31.12.19 | ||||
| Unrestricted | Total | ||||
| fund | funds | ||||
| Notes | |||||
| INCOME | AND ENDOWMENTS FROM | ||||
| Donations | and legacies | 6,500,000 | |||
| Investment | income | 3,587 | |||
| Total | 6,503,587 | ||||
| EXPENDITURE ON | |||||
| Charitable | activities | ||||
| Charitable | giving | 6,247 | |||
| Net gains | on investments | 553,166 | |||
| NKT INCOME | 7)050)506 | ||||
| RECONCILIATION | OF FUNDS | ||||
| Total funds brought | forward | ||||
| TOTAL FUNDS CARRIED FORWARD | 7,050,506 |
| 31.12.20 | 31.12.19 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | |||
| FIXEDASSETS | |||
| Investments | 3,893,608 | ||
| CURRENT ASSETS | |||
| Debtors | 10 | 25,342 | |
| Cash at bank | 3,134,556 | ||
| 3,159,898 | |||
| CREDITORS | |||
| Amounts falling due within one year |
(3,000) | ||
| NET CURRENT ASSETS | 3,156,898 | ||
| TOTAL ASSETSLESSCURRENT LIABILITIES | 7,050,506 | ||
| NKT ASSETS | 7,050,506 | ||
| FUNDS | 12 | ||
| Unrestricted funds |
7,050,506 | ||
| TOTAL FUNDS | 7)050,506 |
| Period | ||||||
|---|---|---|---|---|---|---|
| 19.12.18 | ||||||
| Year Ended | to | |||||
| 31.12.20 | 31.12.19 | |||||
| Notes | 5 | |||||
| Cash flows from operating | activities | |||||
| Cash generated from operations |
6,471,411 | |||||
| Net cash provided by operating |
activities | 6,471,411 | ||||
| Cash flows from investing | activities | |||||
| Purchase offixed asset investments | (3,340,442) | |||||
| Dividends received |
31587 | |||||
| Net cash (used in)/provided | by | investing | activities | (3,336,855) | ||
| Change in cash and cash equivalents |
in the | |||||
| reporting period |
3,134,556 | |||||
| Cash and cash equivalents | at | the beginning | of | |||
| the reporting period |
||||||
| Cash and cash equivalents | at | the end | ofthe | |||
| reporting period |
3,134,556 |
| ACTIVITIES | ||||
|---|---|---|---|---|
| Period | ||||
| 19.12.18 | ||||
| Year Ended | to | |||
| 31.12.20 | 31.12.19 | |||
| Net income for the | reporting | period (as per the Statement ofFinancial | ||
| Activities) | 7,050,506 | |||
| Adjustments for: |
||||
| Gains on investments | (553,166) | |||
| Dividends received |
(3,587) | |||
| Increase in debtors | (25,342) | |||
| Increase in creditors | 3,000 | |||
| Net cash provided | by operations | 6,471,411 |
| ANALYSIS OF CHANGES IN NKT | FUNDS | ||
|---|---|---|---|
| At 1.1.20 | Cash flow | At 31.12.20 | |
| Net cash | |||
| Cash at bank | 3,134,556 | 3,134,556 | |
| 3,134,556 | 3,134,556 | ||
| Total | 3,134,556 | 3,134,556 |
| Donations | |
|---|---|
| 4. | INVESTMENT INCOME |
| Portfolio income | |
| 5. | CHARITABLE ACTIVITIES COSTS |
| Charitable giving |
|
| 6. | SUPPORT COSTS |
| Charitable giving |
| Period | |
|---|---|
| 19.12.18 | |
| Year Ended | to |
| 31.12,20 | 31.12.19 |
| 5 | |
| 6,5001000 | |
| Period | |
| 19.12.18 | |
| Year Ended | to |
| 31.12.20 | 31.12.19 |
| 3,587 |
| Period | ||||
|---|---|---|---|---|
| 19.12.18 | ||||
| Year Ended | to | |||
| 31.12.20 | 31.12.19 | |||
| Charitable | Total | |||
| giving | activities | |||
| Auditors' | remuneration | 3,000 | ||
| Auditors' | remuneration | for non audit work | 540 | |
| Legal fees | 2,707 | |||
| 6,247 |
| FIXED ASSET INVESTMKNTS | |||
|---|---|---|---|
| Listed | Unlisted | ||
| investments | investments | Totals | |
| 8 | 6 | 5 | |
| MARKET VALUE | |||
| Additions | 3,002,942 | 337,500 | 3,340,442 |
| Revaluations | 553,166 | 553,166 | |
| At 31 December 2020 | 3)556,108 | 337,500 | 3,893,608 |
| NET BOOK VALUE | |||
| At 31December 2020 | 3,556,108 | 337,500 | 3,893,608 |
| At 31 December 2019 |
| 31.12.20 | 31.12.19 | |||
|---|---|---|---|---|
| 8 | 6 | |||
| Other debtors | 25442 | |||
| 11, | CREDITORS: | AMOUNTS FALLING DUE WITHIN ONK YEAR | ||
| 31.12.20 | 31.12.19 | |||
| Other creditors | 3,000 | |||
| 12. | MOVEMENT | IN FUNDS |
| MOVEM | ENT | IN FUNDS | ||||
|---|---|---|---|---|---|---|
| Net | ||||||
| movement | At | |||||
| At 1.1.20 | in funds | 31.12.20 | ||||
| 6 | ||||||
| Unrestricted | funds | |||||
| General | fund | 7,050,506 | 7,050,506 | |||
| TOTAL | FUNDS | 7,050,506 | 7,050,506 | |||
| Net movement | in funds, included | in the above are as follows: | ||||
| Incoming | Resources | Gains and | Movement | |||
| resources | expended | losses | in funds | |||
| 5 | 5 | 6 | ||||
| Unrestricted | funds | |||||
| General | fund | 6,503,587 | (6)247) | 553,166 | 7)050,506 | |
| TOTAL | FUNDS | 6,503,587 | (6,247) | 553,166 | 7,050,506 |
| Period | ||||
|---|---|---|---|---|
| 19.12.1 | 8 | |||
| Year Ended | to | |||
| 31.12.20 | 31.12.19 | |||
| INCOME AND ENDOWMENTS | ||||
| Donations and legacies |
||||
| Donations | 6,500,000 | |||
| Investment income |
||||
| Portfolio income | 3,587 | |||
| Total incoming resources |
6,503,587 | |||
| EXPENDITURE | ||||
| Support costs | ||||
| Governance costs |
||||
| Auditors' remuneration |
3,000 | |||
| Auditors' remuneration |
for non audit work | 540 | ||
| Legal fees | 2,707 | |||
| 6,247 | ||||
| Total resources expended | 6,247 | |||
| Net income before gains | and losses | 6,497,340 | ||
| Gains and losses | ||||
| Gains/(losses) on fixed asset investments |
553,166 | |||
| Net income | 7,050,506 |