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2021-09-30-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

						2021	2020
					iVotes	f
Income from:
investments
Investment income					4	96,864	90,680
Total income						96,864	90,680
Expenditure on:
Charitable activities
Grants payable					2	7,408	4,004
Management and Administration					5	5,500	5,500
Governance costs —audit fee						6,500	5,500
Bank Charges						10
Total expenditure						19,418	15,004
Net income						77,446	75,676
Other recognised	gains and losses
Realised and unrealised			gains and losses on investment	assets	3	449,727	(229,169)
Net movementin	fund					527,173	(153,493)
Reconciliation of Funds
Total funds brought		forward				3,254,878	3,408,371
Total funds carried		forward				3,782,051	3,254,878

				21121	20211
			Notes		6
Fixed assets
Investment	assets		3	3,469,369	3,000,252
Current assets
Investment	income	due	6	19,242	57,606
Cash at bank and in		hand		312,765	215,345
				332,007	272,951
Creditors:	Amounts	falling due within one year	7	(19,325)	(18,325)
Net current	assets			312,682	254,626
Net assets				3,782,051	3,254,878
Total charity funds
Unrestricted	fund			3,782,051	3,254,878

					202/	2020
				Notes
Net cash	oufflow from operating	activities			19,946	(34,177)
Investing	activities
Investment income				4	77,474	71,412
					77,474	71,412
Increase	in cash				97,420	37,235
Cash at I	October 2020 and I October		2019		215,345	178,110
Cash at 30 September 2021 and 30		September 2020			312,765	215,345
a) Reconciliation ofnet expenditure			resources to
net cash	outflow from operating	activities
Net income / (expenditure)					77,446	75,676
(Decrease) / Increase in creditors					1,000	(1,000)
Decrease	/ (Increase) in debtors				38,364	(18,173)
Investment	income				(96,864)	(90,680)
Net cash	oufflow from operating	activities			19,946	(34,177)

Material gran	ts ma	de during the y	ear are as follows	:
						2021	2020
							6
Others:
Bolton Brass	Fund					2,850	2,750
						2,850	2,750
Other grants	less than $1,000					4,558	1,254
						7,408	4,004
Investment	assets
			Market				Market
			value	Purchases	Disposats	Changein	value
			at	at cost		Market	at
			30.09.20			value	30.09.21
Pooled Investment		Vehicles	3,000,252	19,390		449,727	3,469,369

				2021	2020
Henderson	Cautious Managed	Fund	A Class income	2,348,027	2,032,012
Henderson	Multi-Manager Absolute		Return Fund A Class accumulation	690,512	637,941
IPIF (formerly Falcon Property		Unit	Trust)	430,830	330,299
				3,469,369	3,000,252

				2021	2020
				k'
Henderson	Cautious	Managed	Fund	87,707	81,557
IPIF (formerly Falcon Properly			Unit Trust)	9,157	9,123
				96,864	90,680

		2021	2020
Administration	expenses	5,500	5,500

		Debtor	Receipts/	Income	Debtor
		Position	Reinvested	Recognised	Position
		30.09.20			30.09.21
Debtors	position	57,606	(135,228)	96,864	19,242

		2021	2020
Audit Fee	2021	5,500	5,500
Audit Fee	2020	6,500
Amounts	due to Hoover Ltd	4,125	9,625
Grants payable		3,200	3,200
		19,325	18,325