2020-09-30-accounts

Table ofContents	Page
Trustees' Annual Report.
Independent Auditor 's Report.
Statement ofFinancial Activities. .
Balance Sheet. .	....10
Cash Flow Statement.
Notes to the Financial Statements. .	. .12

				Notes	2020	2029f
Income from:
Investments
Investment income				4	90,680	164,836
Total Income					90,680	164,836
Expenditure on:
Charttab!e activities
Grants payable				2	4,004	10,997
Management and Administration				5	5,500	8,250
Governance costs —audit fee					5,500	5,500
Total expenditure					15,004	24,747
Net income					75,676	140,089
Other recognised gains and losses
Realised and unrealised		gains and losses on investment	assets	3	(229,169)	58,135
Net movement in fund					(153,493)	198,224
Reconciliation of Funds
Total funds brought	forward				3,408,371	3,210,147
Total funds carried	forward				3,254,878	3,408,371

				2020	2tt29
			Notes
Fixed assets
Investment	assets		3	3,000,252	3,210,153
Current assets
Investment	income	due	6	57,606	38,058
Prepayments					1,375
Cash at bank and in		hand		215,345	178,110
				272,951	217,543
Creditors:	Amounts	falling due within one year	7	(18,325)	(19,325)
Net cunent	assets			254,626	198,218
Net assets				3,254,878	3,408,371
Total charity funds
Unrestricted	fund			3,254,878	3,408,371

				2020	2019
			Notes
Net cash outflow from operating	activities			(34,177)	(19,247)
Investing activities
Investment income Sale ofinvestments			4 3	71,412 -	151,629 4
				71,412	151,633
Increase in cash				37,235	132,386
Cash at 1 October 2019and 1 April	2018			178,110	45,724
Cash at 30September 2020 and 30	September 2019			215,345	178,110
a) Reconciliation ofnet rnrpendlture		resources to
net cash outflow from operating	activities
Net income / (expendimre)				75,676	140,089
(Decrease) / Increase in creditors				(1,000)	6,875
Decrease / (Increase) in debtors				(18,173)	(1,375)
Investment income				(90,680)	(164,836)
Net cash outflow fiom operating	activities			(34,177)	(19,247)

	Material g	ran	ts ma	de du	ring t	he per	iod ar	e as	follow	s'.
												2020	2019
												f	f
	Others:
	Bolton Brass		Fund									2,750	5,500
												2,750	5,500
	Other grants		less than f1,000									1,254	5,497
												4,004	10,997
3	Investment		assets
								Market					Market
								value		Purchases	Disposats	Changein	value
									at	at cost		Market	at
							30.09.19					value	30.09.20
													f
	Pooled Investment			Vehicles			3,210,153			19,268		(229,169)	3,000,252
	The above	is	reflected in		the analysis		ofPooled Investment Vehicles				following:
												2020	2019
													f
	Henderson	Cautious		Managed		Fund	A Class income					2,032,012	2,257,028
	Henderson	Multi-Manager			Absolute		Return	Fund A		Class accumulation		637,941	628,478
	IPIF (formerly		Falcon Property			Unit	Trust)					330299	324,647
												3,000,252	3,210,153

Investme	nt income
			2020	2019
			f	f
Henderson	Cautious Managed	Fund	81,557	151,106
IPIF (formerly Falcon Property		Unit Trust)	9,123	13,730
			90,680	164,836

		2020	2019
Administration	expenses	5,500	8,250

		Debtor	Receipts/	Income	Debtor
		Position	Reinvested	Recognised	Position
		30.09.19			30.09.20
Debtors	position	38,058	(71,132)	90,680	57,606

		2020f	2019f
Audit fee		5,500	5,500
Amounts	due to Hoover Ltd	9,625	10,625
Grants payable		3,200	3,200
		18,325	19,325