## 

||Page|
|---|---|
|OFFICERS AND PROFESSIONAL ADVISERS||
|TRUSTEES' REPORT|2 —5|
|STATEMENT OF TRUSTEES' RESPONSIBILITIES||
|INDEPENDENT<br>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<br>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<br>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<br>Endowment<br>funds||||gb|41 571<br>13|
|Restncted funds|||||56|
|Uniesfncted<br>funds|||||41 640|
|Total cha<br>funds||||||





## 

|||||2020|
|---|---|---|---|---|
|||||0'000|
|Cash flows from o<br>ratin<br>activities:|||||
|Net cash<br>rovidedb<br>used in o eratln|activities||||
|Cash flows from investln<br>activities:|||||
|Dividends,<br>interest and rents from investments<br>Purchase<br>of investments||||99<br>99|
|Net cash<br>rovlded b<br>usedin<br>fnvesbn|activities||||
|Change in cash and cash equivalents<br>in the|||||
|otdn<br>atlod|||||
|Reconciliation<br>ofcash Aovr.|||||
|Cash and cash equivalents<br>atthe beginning||ofthe|||
|reporting<br>period|||||
|Chan<br>e in cash and cash in the<br>ortin||od|||
|Cash and cash equivalents<br>at the end of the|||||
|rtfn<br>cd|||||
|Reconciliation<br>of net income to net cash|flow from operating||activities||
|||||E'000|
|Hat income'(expenditor<br>e) for fhe reporting <br>financial acdvidasJ||period (as per tire|statement of|41 640|
|Ad tistmsnfs for;|||||
|(Gains<br>losses on investments||||748|
|Investment<br>income<br>Incressel decrease<br>in creditors<br>Investmeni ca ital transferred<br>b<br>RNI<br>I||||30<br>42319|
|Net cash<br>rovlded 0<br>used in o eraffn||activities|||





## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 

## 

## 




## 

## 

|ESOURCES EXPENDED||||
|---|---|---|---|
||Direct|Other|Total|
||costa|allocated|2020|
|||costs||
||E'000|6'000|6'000|
|Raising funds<br>Supportcosts|4<br>26|26<br>(26)|30|
||30||30|



## 

## 

## 



## 

## 

## 

||||Unrestricted|Restricted|Endowed|Total 2020|
|---|---|---|---|---|---|---|
||||funds<br>6'000|funds<br>6'000|funds<br>6'000|6'000|
|a investment<br>E cities|assets||||17,096<br>7,205|17096<br>7,205|
|Cash and de<br>Market<br>value|ils<br>at|30 June|86|13<br>13|17270<br>41,571|17369<br>41,670|
|2020|||||||
|b Anat<br>isofmovement|||||||
|Iitarket value at|20|June 2019|||||
|Additions<br>Transfers||||13|42319|42,319|
|D'<br>s<br>Gainsl losses<br>on investment<br>Market value at 30June 2020<br>Crt<br>Inal cost||||13<br>13|748<br>41,571<br>42319|748<br>41,670<br>42418|
|c Investment|income||||||
|E uities<br>Pro|||86|13||99|
|Cash and de<br>Total|its|||13|||



## 




## 

## 

## 




## 

## 



## 

## 

## 

##