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|Reference and Administrative<br>details||
|---|---|
|Report ofthe Managing Trustees|2- 4|
|Independent<br>Examiner's<br>Report||
|Statement ofFinancial Activities||
|Balance Sheet||
|Statement ofChanges in Equity||
|Notes to the Financial Statements|9- 13|





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|||||||Endowment|Endowment|
|---|---|---|---|---|---|---|---|
|||||||Funds|Funds|
||||||Notes|2020|2020|
|||||||(31Dee 2020)<br>3|(31March 2020)<br>6|
|Incomiag Resources||||||||
|Incoming resources from|generated||funds|||||
|Investment<br>income||||||86,290|108,382|
|Total Incoming Resources||||||56,290|108,382|
|Resources Eapended||||||||
|Charitable<br>activities||||||(61,529)|(107,384)|
|Governance<br>costs||||||(2,40S)|(3,871)|
|Fund management<br>costs||||||(1,640)|(17,209)|
|Total Resources Eapended||||||(65,577)|(128,464)|
|Net Incoming<br>/ (Outgoing)|resources|||||20,713|(20,082)|
|Realised gains on investment||assets||||144,202|6,053|
|Eet resources including|realised gains|||||164,915|(14,029)|
|on investments||||||||
|Unrealised<br>gains / (losses) on||investment||assets||516,534|(338,031)|
|Eet movement<br>in funds||||||631,499|(352,060)|
|Fund balances brought<br>forward at la Aprfi||||||3,040,500|3,392,560|
|Fund balances carried forwanl at|||31oDecember /31o March||13|3,721,999|3,040,500|





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|BALANCE SHEET|BALANCE SHEET|||||||
|---|---|---|---|---|---|---|---|
|as at31stDecember 2020||||||||
||||Notes||2020||2020|
||||||(31Dec 2020)|(31|March 2020)<br>8|
|Fixed Assets||||||||
|Investments|||||3,665,009||3,009,902|
||||||3,665,009||3,009,902|
|Current Assets||||||||
|Debtors|||10|||12,543||
|Cash at bank and|in hand|||60,022||50,344||
|||||60,022||62,887||
|Creditors:||||||||
|Amounts<br>falling due within one year||||(3,032)||(32,289)||
|Net current assets|||||56&990||30,598|
|Total assets less|current|liabilities|||3,721,999||3,040,500|
|Provisions<br>for liahHities||and charges||||||
|Net assets|||||3,721,999||3,040,500|
|Endowment<br>fund|—includes revaluation|||||||
|reserve 3500,291|(31March 2020 —3538,214)||13||3,721,999||3,040,500|
|Total funds|||||3,721,999||3p040,500|



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|||Endowment|Total|
|---|---|---|---|
|||Reserve|Reserve|
|Balance at 31March 2019||3&393,560|3,392,560|
|Total comprehensive|income / (toss)|(352,060)|(352,060)|
|Balaace at 31March|2020|3,040,500|3,040,500|
|Total comprehensive|income|681,499|681,499|
|Balaace at 31December 3020||3,V21,999|3,721,999|





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|Governance|costs|||2020|2020|
|---|---|---|---|---|---|
|||||S|8|
|||||(31Dec2020)|(31Mar 2020)|
|Independent|examination|fee||1,890|1,790|
|Accountancy,|secretarial|and profesnonal|services|373|373|
|Sundry expenses||||145|I,708|
|||||2,408|3,871|



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|Fixed asset Investmeats|Fixed asset Investmeats|||2020|2020|
|---|---|---|---|---|---|
||||||S|
|||||(31Dec)|(31Mar)|
|Quoted investments<br>listed on||arecognised stock exchange:||||
|Market value 1stApril||||3&009,902|3p305,364|
|Additions||||3,075,886|200,135|
|Disposals<br>Unreslised|gain / (loss)|||(2,937,363)<br>516,584|(172,950)<br>(338,031)|
|||||3,665,009|2,994,518|
|Cash and|settlements<br>pending|held as part ofinvestroents|||15,384|
|btarket value at 31stDecember|||/ March|3,665,009|3,009,902|
|Historical|cost at31stDecember||/ March|3,164,718|2,456,304|



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|10.Debtors|||2020|2020|
|---|---|---|---|---|
|||||8|
||||(31Dsc)|(31Mar)|
|Prepayments|end accrued income|||12,543|
|||||12p543|
|11.Creditors: Amounts||falling due uithin ayear|2020<br>3|2020<br>8|
||||(31Dec)|(31Mar/|
|Accruals and|deferred|income|3,032|32,289|



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||||Endowment|
|---|---|---|---|
||||fitnds|
||||S|
|At 1stApril 2020|||3,040,500|
|Income|||86,290|
|Expenditure|||(65,577)|
|Realised investment<br>gains<br>Unrealised<br>investment<br>losses|||144&202<br>5161554|
|At 31stDecember|2020||3,721,999|



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