| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 2 |
| Report ofthe Independent Auditors |
3 | to | 6 |
| Statement ofFiaancial Activities | |||
| Balance Sheet | |||
| Cash Flow Statement | |||
| Notes to the Cash Flow Statement | 10 | ||
| Notes to the Financial Stateraents | 11 | to | 13 |
| Detailed Statement ofFinancial Activities | 14 |
| Unrestricted | |||
|---|---|---|---|
| fund | |||
| Notes | f | ||
| INCOME | AND ENDOWMENTS FROM | ||
| Donations | and legacies | 2 | 2,005,000 |
| Investment | income | 24,700 | |
| Total | 2,029,700 | ||
| EXPENDITURE ON | |||
| Charitable | activities | ||
| Charitable | Activities | 5,000 | |
| Other | 23,694 | ||
| Total | 28,694 | ||
| Net gains on investments | 220,926 | ||
| NET INCOME | 2,221,932 | ||
| TOTAL FUNDS CARRIED FORWARD | 2,221,932 |
| Unrestricted | ||
|---|---|---|
| fund | ||
| Notes | ||
| FIXEDASSETS | ||
| Investments | 2,214,454 | |
| CURRENT ASSETS | ||
| Cash at bank | 20,088 | |
| CREDITORS | ||
| Amounts falling due within one year |
(12,610) | |
| NET CURRENT ASSETS | 7,478 | |
| TOTAL ASSETS LESSCURRENT | ||
| LIABILITIES | 2421,932 | |
| NET ASSETS | 2,221,932 | |
| FUNDS | 10 | |
| Unrestricted funds |
2,221,932 | |
| TOTAL FUNDS | 2421,932 |
| FORTHE P | ERIOD 27 | APRIL 2020 T 6A |
PRIL 202I |
|---|---|---|---|
| Notes | |||
| Cash flows from operating | activities | ||
| Cash generated trom operations |
2,020,088 | ||
| Net cash provided by operating activities |
2,020,088 | ||
| Cash flows from invutting | activities | ||
| Purchase offixed asset investments | (2,000,000) | ||
| Net cash (used in)/provided | by investing | activities | (2,000,000 ) |
| Change in cash and cash equivalents |
in | ||
| the reporting period |
20,088 | ||
| Cash and cash equivalents | at the | ||
| heginniag ofthe reporting |
period | ||
| Cash and cash equivalents | at the end | of | |
| the reporting period |
20,088 |
| Net income for the | reporting | period (as per the Statement ofFinancial | |
|---|---|---|---|
| Activities) | 2,221,932 | ||
| Adjustments for: |
|||
| Losses on investments Exchange losses |
(220,926) 104 |
||
| Fees deducted from |
investment | proceeds | 10,979 |
| Dividends reinvested |
(4,611) | ||
| Increase in creditors | 12,610 | ||
| Net cash provided | by operations | 2,020,088 |
| At 27.4.20 | Cash flow | At 6,4.21 | |
|---|---|---|---|
| f | f. | ||
| Net cash | |||
| Cash at bank | 20,088 | 20,088 | |
| 20,088 | 20,088 | ||
| Total | 20,088 | 20,088 |
| Dti | ||
|---|---|---|
| onaons | 2,005,000 | |
| INVESTMENT INCOME | ||
| f | ||
| Investment income |
24,700 | |
| 2021 | 2020 | |
| UK Dividends | 14,373 | |
| Foreign Dividends | 7,558 | |
| UK Interest | 2,329 | |
| Foreign Interest | 442 | |
| 24,700 |
| Grant | |||||||
|---|---|---|---|---|---|---|---|
| funding of | |||||||
| activities | |||||||
| (see note | |||||||
| 5) | |||||||
| Charitable | Activities | 5,000 | |||||
| GRANTS | PAYABLE | ||||||
| Charitable | Activities | 5,000 | |||||
| The total grants paid to institutions | during | the | period was as follows: | ||||
| Copenhagen | Youth Project | 5,000 | |||||
| SUPPORT | COSTS | ||||||
| Portfol io | |||||||
| management | Investment | Governance | |||||
| Finance | fees | Advice | costs | Totals | |||
| 6 | f, | f. | |||||
| Other resources expended | I | 8,778 | 7,740 | 7,070 | 23,589 |
| FIXEDASSETINVESTMENTS | |
|---|---|
| Listed | |
| investments | |
| MARKET VALUE | |
| Additions | 2,499,938 |
| Disposals | (490,874) |
| Revaluations | 205,390 |
| At 6 April 2021 | 2,214,454 |
| NET BOOKVALUE | |
| At 6April 2021 | 2,214,454 |
| Listed | ||
|---|---|---|
| investments | ||
| f. | ||
| Valuation | in 2021 | 214,454 |
| Cost | 2,000,000 | |
| 2214,454 | ||
| CREDIT | ORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |
| Other creditors | 12,610 |
| Valuation in 2021 Cost Listed investments f. 214,454 2,000,000 2214,454 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 12,610 |
|
|---|---|
| 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 12,610 10. MOVEMENT IN FUNDS Net movement At in funds 6.4.21 Unrestricted funds General fund 2,221,932 2,221,932 TOTAL FUNDS 2,221,932 2,221,932 |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 12,610 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| f. | f, | ||||
| Unrestricted | funds | ||||
| General fund | 2,029,700 | (28,694) | 220,926 | 2,221,932 | |
| TOTALFUNDS | 2,029,700 | (28,694) | 220,926 | 2,221,932 |
| INCOME AND ENDOWMENTS | INCOME AND ENDOWMENTS | INCOME AND ENDOWMENTS | |
|---|---|---|---|
| Doaations and legacies |
|||
| Donations | 2,005,000 | ||
| Investment income |
|||
| Investmentincome | 24,700 | ||
| Total incoming resources |
2,029,700 | ||
| EXPENDITURE | |||
| Charitable activities |
|||
| Grants to institutions | 5,000 | ||
| Other | |||
| Exchange rate losses | 105 | ||
| Support costs | |||
| Finance | |||
| Bank charges | |||
| Portfolio management | fees | ||
| Portfolio management | 8,778 | ||
| Investment Advice |
|||
| Investment advice |
7,740 | ||
| Governance costs |
|||
| Auditors' remuneration |
5,000 | ||
| Accountancy and legal fees |
2,070 | ||
| 7,070 | |||
| Total resources expended |
28,694 | ||
| Net income before gains | and losses | 2,001,006 | |
| Realised recognised | gains and losses | ||
| Realised gains/(losses) | on fixed asset investments | 15,536 | |
| Unrealised gains/loss |
fixed asset investment | 205,390 | |
| Net income | 2,221,932 |