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





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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
||||||iVotes|f||
|Income from:||||||||
|investments||||||||
|Investment<br>income|||||4|96,864|90,680|
|Total income||||||96,864|90,680|
|Expenditure<br>on:||||||||
|Charitable<br>activities||||||||
|Grants payable|||||2|7,408|4,004|
|Management<br>and Administration|||||5|5,500|5,500|
|Governance<br>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<br>of Funds||||||||
|Total funds brought||forward||||3,254,878|3,408,371|
|Total funds carried||forward||||3,782,051|3,254,878|





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|||||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|






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||||||202/|2020|
|---|---|---|---|---|---|---|
|||||Notes|||
|Net cash|oufflow from operating|activities|||19,946|(34,177)|
|Investing|activities||||||
|Investment<br>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<br>/ (expenditure)|||||77,446|75,676|
|(Decrease)<br>/ 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)|





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|Material<br>gran|ts ma|de during<br>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|



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|||||2021|2020|
|---|---|---|---|---|---|
|Henderson|Cautious Managed|Fund|A Class income|2,348,027|2,032,012|
|Henderson|Multi-Manager<br>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|



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|||||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|





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|||2021|2020|
|---|---|---|---|
|Administration|expenses|5,500|5,500|



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



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|||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|



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