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|||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||
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||||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|
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|||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|
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|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|
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|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|
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||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|
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|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||
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||||||||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|
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|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|
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|||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|
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|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|