| Page | |
|---|---|
| OFFICERS AND PROFESSIONAL ADVISERS | |
| TRUSTEES' REPORT | 2 —5 |
| STATEMENT OF TRUSTEES' RESPONSIBILITIES | |
| INDEPENDENT AUDITOR'S REPORT |
7-9 |
| STATEMENT OF FINANCIAL ACTIVITIES | 10 |
| BALANCE SHEET | |
| STATEMENT OF CASH FLOWS | 12 |
| NOTES TO THE FINANCIAL STATEMENTS | 13-18 |
| Three Trustees were appointed | on the date of incorporation | on the date of incorporation | on the date of incorporation | (20 June 2019)and served | In office throughout |
|---|---|---|---|---|---|
| the period. A further three were | appointed during the |
year. | |||
| TRUSTEES: | E Donaldson | ||||
| C Hunter-Pease | |||||
| 5 Popham | |||||
| R Boddington | (appointed | 2/4/2020) | |||
| P O' Leary (appointed | 2/4/2020) | ||||
| DWoulfe (appointed | 2/4/2020) | ||||
| REGISTERED OFFICE: | West Quay Road | ||||
| Pools | |||||
| Dorset | |||||
| BH15 1HZ | |||||
| AUDITOR: | BDO LLP | ||||
| 55 Baker Street | |||||
| London | |||||
| W1U 7EU | |||||
| BANKERS: | Barelays Bank PLC | ||||
| Apex Plaza | |||||
| Forbury Road | |||||
| Reading | |||||
| RG11AX | |||||
| INVESTMENT MANAGERS: | State Street Global | Advisors | |||
| IFM Investors | |||||
| Threadneedle | |||||
| INVESTMENT ADVISORS: | Lane Clark 5r |
Peacock LLP | |||
| CUSTODIANS- | The Northern | Trust | Company |
| 2020 | |||||
|---|---|---|---|---|---|
| 6'000 | |||||
| Fixed assets: | |||||
| 41670 | |||||
| Investmenls | |||||
| 41 670 | |||||
| Total fixed assets | |||||
| Llabilides: | |||||
| Creditors: Amounts | failfn | due within are | ear | 30 | |
| 30 | |||||
| Net current assets | |||||
| Total assets less current | liabilities | 41 640 | |||
| The funds of the chaff Endowment funds |
gb | 41 571 13 |
|||
| Restncted funds | 56 | ||||
| Uniesfncted funds |
41 640 | ||||
| Total cha funds |
| 2020 | ||||
|---|---|---|---|---|
| 0'000 | ||||
| Cash flows from o ratin activities: |
||||
| Net cash rovidedb used in o eratln |
activities | |||
| Cash flows from investln activities: |
||||
| Dividends, interest and rents from investments Purchase of investments |
99 99 |
|||
| Net cash rovlded b usedin fnvesbn |
activities | |||
| Change in cash and cash equivalents in the |
||||
| otdn atlod |
||||
| Reconciliation ofcash Aovr. |
||||
| Cash and cash equivalents atthe beginning |
ofthe | |||
| reporting period |
||||
| Chan e in cash and cash in the ortin |
od | |||
| Cash and cash equivalents at the end of the |
||||
| rtfn cd |
||||
| Reconciliation of net income to net cash |
flow from operating | activities | ||
| E'000 | ||||
| Hat income'(expenditor e) for fhe reporting financial acdvidasJ |
period (as per tire | statement of | 41 640 | |
| Ad tistmsnfs for; | ||||
| (Gains losses on investments |
748 | |||
| Investment income Incressel decrease in creditors Investmeni ca ital transferred b RNI I |
30 42319 |
|||
| Net cash rovlded 0 used in o eraffn |
activities |
| ESOURCES EXPENDED | |||
|---|---|---|---|
| Direct | Other | Total | |
| costa | allocated | 2020 | |
| costs | |||
| E'000 | 6'000 | 6'000 | |
| Raising funds Supportcosts |
4 26 |
26 (26) |
30 |
| 30 | 30 |
| Unrestricted | Restricted | Endowed | Total 2020 | |||
|---|---|---|---|---|---|---|
| funds 6'000 |
funds 6'000 |
funds 6'000 |
6'000 | |||
| a investment E cities |
assets | 17,096 7,205 |
17096 7,205 |
|||
| Cash and de Market value |
ils at |
30 June | 86 | 13 13 |
17270 41,571 |
17369 41,670 |
| 2020 | ||||||
| b Anat isofmovement |
||||||
| Iitarket value at | 20 | June 2019 | ||||
| Additions Transfers |
13 | 42319 | 42,319 | |||
| D' s Gainsl losses on investment Market value at 30June 2020 Crt Inal cost |
13 13 |
748 41,571 42319 |
748 41,670 42418 |
|||
| c Investment | income | |||||
| E uities Pro |
86 | 13 | 99 | |||
| Cash and de Total |
its | 13 |