| Year | to | Period from 12May to | |||
|---|---|---|---|---|---|
| 31 December | 2021 | 31December 2020 | |||
| E | E | ||||
| RECEIPTS | |||||
| COIF Share dividends | 93,656 | 69,151 | |||
| Deposit interest | 3 | 11 | |||
| Total receipts | 93,659 | 69,162 | |||
| PAYMENTS | |||||
| Grants | 47,146 | 41,920 | |||
| Secretary's salary |
16,236 | 10,926 | |||
| Secretary's pension cost |
753 | 432 | |||
| Other expenses | 50 | ||||
| Printing, postage and stationery |
714 | 118 | |||
| Telephone and internet charges |
1,048 | 615 | |||
| Computer expenses | 125 | 325 | |||
| Electricity costs | 1,444 | 490 | |||
| Accountancy fees |
2,610 | 1,480 | |||
| Payroll fees Travel costs |
600 191 |
500 | |||
| Bank charges | 68 | 17 | |||
| Total payments | (70,985) | (56,823) | |||
| Net receipts for the year | 22,674 | 12,339 | |||
| Bank balances brought |
forward | 60,180 | 47,841 | ||
| Bank balances carried forward | F82,854 | f60,180 |
| 31 December | 31December | ||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| F | |||||
| MONETARY ASSETS | |||||
| Bank and cash balances: | |||||
| Charities Deposit |
Fund —Reserves | Fund | 15,241 | 15,240 | |
| Charities Deposit |
Fund —Clare Hall | Fellowship | 6,776 | 6,775 | |
| HSBC ST Current | Account | 57,840 | 36,551 | ||
| HSBC ERS Current Account | 2,997 | 1,614 | |||
| 682,854 | f60,180 | ||||
| Liabilities: | |||||
| Accountancy fees |
estimate | (incl. VAT) | 2,040 | 3,210 | |
| Outstanding payroll costs |
765 | 417 | |||
| Grants approved | but unpaid | at the | end ofthe year | 10,034 | 16,679 |
| f12,839 | f20,306 |
| INVESTMENT ASSETS Held for investment purposes: |
||
|---|---|---|
| 1,167,437 (31December 2020 —214, 127) income units in— | ||
| COIF Investment Fund (1,102,457 units) |
3,450,250 | 3,025,540 |
| COIF Property Fund (42,763 units) |
54,053 | 47,314 |
| COIF ERS (22,216 units) | 69,527 | 60,969 |
| K3,573,830 | E3,133,823 | |
| Assets held for own use | ||
| Scanner (cost E3,374) | ||
| Apple iMac 2.5GHz 4GB Computer (cost f420) |