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|||Page||
|---|---|---|---|
|Reference and Administrative<br>Details||||
|Report ofthe Trustees|2|to|3|
|Report ofthe Independent<br>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||





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|TRUSTEES|SEvans|
|---|---|
||M Evans|
||N Jamar|
|PRINCIPAL ADDRESS|25 StThomas Street|
||Winchester|
||Hampshire|
||SO23 9HJ|
|REGISTERED CHARITY NUMBER|1181260|
|AUDITORS|Martin<br>and Company|
||Audit Limited|
||25 St Thomas Street|
||Winchester|
||Hampshire|
||SO23 9HJ|
|INVESTMENT ADVISORS|Goldman<br>Sachs dt CoLLC|
||200 West Street|
||New York|
||NY 10282|





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||||||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||





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|||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<br>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<br>funds||7,050,506||
|TOTAL FUNDS||7)050,506||





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|||||||Period|
|---|---|---|---|---|---|---|
|||||||19.12.18|
||||||Year Ended|to|
||||||31.12.20|31.12.19|
|||||Notes||5|
|Cash flows from operating|activities||||||
|Cash generated<br>from operations|||||6,471,411||
|Net cash provided<br>by operating||activities|||6,471,411||
|Cash flows from investing|activities||||||
|Purchase offixed asset investments|||||(3,340,442)||
|Dividends<br>received|||||31587||
|Net cash (used in)/provided|by|investing|activities||(3,336,855)||
|Change<br>in cash and cash equivalents|||in the||||
|reporting<br>period|||||3,134,556||
|Cash and cash equivalents|at|the beginning||of|||
|the reporting<br>period|||||||
|Cash and cash equivalents|at|the end|ofthe||||
|reporting<br>period|||||3,134,556||





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|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<br>for:|||||
|Gains on investments|||(553,166)||
|Dividends<br>received|||(3,587)||
|Increase in debtors|||(25,342)||
|Increase in creditors|||3,000||
|Net cash provided|by operations||6,471,411||



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|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|





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||Donations|
|---|---|
|4.|INVESTMENT INCOME|
||Portfolio income|
|5.|CHARITABLE ACTIVITIES COSTS|
||Charitable<br>giving|
|6.|SUPPORT COSTS|
||Charitable<br>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||






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|||||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||



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|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||||





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||||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|





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||||Period||
|---|---|---|---|---|
||||19.12.1|8|
|||Year Ended|to||
|||31.12.20|31.12.19||
|INCOME AND ENDOWMENTS|||||
|Donations<br>and legacies|||||
|Donations||6,500,000|||
|Investment<br>income|||||
|Portfolio income||3,587|||
|Total incoming<br>resources||6,503,587|||
|EXPENDITURE|||||
|Support costs|||||
|Governance<br>costs|||||
|Auditors'<br>remuneration||3,000|||
|Auditors'<br>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)<br>on fixed asset investments||553,166|||
|Net income||7,050,506|||