| ORIGINS OF THE CHARITY. | |
|---|---|
| STRUCTURE AND GOVERNANCE | |
| FINANCIAL REVIEW |
|
| TRUSTEES' RESPONSIBILITIES | |
| INDEPENDENT AUDITOR'S REPORT. | |
| STATEMENT OF FINANCIAL ACTIVITIES | |
| BALANCE SHEET. | |
| NOTES TO THE FINANCIAL STATEMENTS | |
| REFERENCE AND ADMINISTRATION | DETAILS |
| Market | Value | Returns | Returns | Benchmark | Benchmark | |||
|---|---|---|---|---|---|---|---|---|
| 2020/21 | 2019/20 | 2020/21 | 2019/20 | 2020/21 | 2019/20 | |||
| Artemis | Income | |||||||
| Fund | 2,160,143 | 1,708,227 | 30.9 | -15.8 | 26.7 | -18.5 | ||
| Artemis | High | In- | ||||||
| come Fund | 309,151 | 264,716 | 22.9 | -10.4 | 12.6 | -0.3 | ||
| 2,469,294 | 1,972,943 |
| Decline | in | income | ~ | Implementing | strict controls. | |
|---|---|---|---|---|---|---|
| ~ | The charity's | funds are invested by a professional |
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| fund manager. | ||||||
| ~ | The Financial | Investment Board regularly |
monitors | |||
| the erformance ofthis fund mana er. |
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| Where | the | Trustees | ~ | Those concerned having a specific understanding |
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| has a conflict of | oftrust law. | |||||
| interest | ~ | Adopting the |
protocol for disclosing any potential |
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| conflict. | ||||||
| Losing | directly | ~ | Documenting | systems, plans and projects |
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| employed | staff and/or | ~ | Having any necessary training programmes |
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| the support | staff |
| Unrestricted | Endowment | 2020/21 | 2019/20 | |||
|---|---|---|---|---|---|---|
| Funds | Funds | Total Funds | Total | |||
| Notes | Funds | |||||
| Income from: | ||||||
| Investments | 89,572 | 89,572 | 117,720 | |||
| Total income | 89,572 | 89,572 | 117,720 | |||
| Expenditure on: |
||||||
| Raising funds | 12,144 | 12,144 | 13,295 | |||
| Charitable activities |
60,000 | 60,000 | 105,000 | |||
| Total ex enditure | 72,144 | 72,144 | 118,295 | |||
| Net ains/ losses |
on investments | 529,837 | 529,837 | 454,307 | ||
| Net ex enditure | 17,428 | 529,837 | 547,265 | 454,882 | ||
| Net movement in |
funds | 17,428 | 529,837 | 547,265 | (454,882) | |
| Reconciliation of |
funds: | |||||
| Total funds brou ht forward |
286,068 | 1,897,920 | 2,183,988 | 2,638,870 | ||
| Total funds carried forward | 303,496 | 2,427,757 | 2,731,253 | 2,183,988 |
| Notes | 2020/21 | 2019/20 | |||
|---|---|---|---|---|---|
| Total | Total | ||||
| Fixed assets: | |||||
| Investments | 2,469,294 | 1,972,943 | |||
| Total fixed | assets | 2,469,294 | 1,972,943 | ||
| Current assets | |||||
| Debtors | 9,024 | 9,295 | |||
| Cash at bank and | in hand | 252,935 | 201,750 | ||
| Total current assets | 261,959 | 211,045 | |||
| Net current | assets | 261,959 | 211,045 | ||
| Total net assets | 2,731,253 | 2,183,988 | |||
| The funds | ofthe | charity: | |||
| Endowment | funds | 2,427,757 | 1,897,920 | ||
| Unrestricted | income funds | 303,496 | 286,068 | ||
| Total funds | 2,731,253 | 2,183,988 |
| Unrestricted | funds | ||
|---|---|---|---|
| 2020/21 | 2019/20 | ||
| Investment | income | 87,029 | 116,462 |
| Interest | 2,543 | 1,258 | |
| Total | 117,720 |
| Total | Total | ||||||
|---|---|---|---|---|---|---|---|
| Project description | 2020/21 | 2019/20 | |||||
| Action Medical | Research | 5,000 | 5,000 | ||||
| Great Ormond | Street Hospital | for | Children | NHS Founda- | |||
| tion Trust | 10,000 | ||||||
| Versus Arthritis | 5,000 | ||||||
| University of East Anglia |
50,000 | 60,000 | |||||
| Strongbones Children's |
Charitable | Trust | 20,000 | ||||
| Spinal Injuries | Association | 5,000 | 5,000 | ||||
| Total | 60,000 | 105,000 | |||||
| Reconciliation | ofgrants | payable: | 2020/21 | 2019/20 | |||
| Commitments | at 1 April | 26,652 | |||||
| Commitments | made in the year |
60,000 | 105,000 | ||||
| Grants paid in |
the year | 60,000 | 131,652 | ||||
| Commitments | at 31 March (note | 10) |
| he value of i | nvestments held by t |
he charity are as follows: | |
|---|---|---|---|
| 2020/21 | 2019/20 | ||
| Market value | 1 April | 1,972,943 | 2,464,603 |
| Disposals | (33,486) | (37,353) | |
| Gain/(Loss) | for the year | 529,837 | 454,307 |
| Market value 31 March | 2,469,294 | 1,972,943 | |
| Cost 31 March | 1,539,878 | 1,539,878 |
| 2020/21 | 2019/20 | ||||
|---|---|---|---|---|---|
| Prepayments | and | accrued | income | 9,024 | 9,295 |
| At 31 March 2021 | Unrestricted | Endowment | Total at 31 | Total at 31 |
|---|---|---|---|---|
| Funds | Funds | March 2021 | March 2020 | |
| E | E | |||
| Fixed assets - investments | 41,537 | 2,427,757 | 2,469,294 | 1,972,943 |
| Net current assets | 261,959 | 261,959 | 211,045 | |
| Total | 303,496 | 2,427,757 | 2,731,253 | 2,183,988 |
| At 31 March 2020 | Unrestricted Funds |
Endowment Funds |
Total at 31 March 2020 |
Total at 31 March 2019 (restated) |
|---|---|---|---|---|
| E | F | |||
| Fixed assets - investments | 75,023 | 1,897,920 | 1,972,943 | 2,464,603 |
| Net Current assets | 211,045 | 211,045 | 174,267 | |
| Total | 286,068 | 1,897,920 | 2,183,988 | 2,638,870 |
| At 31 March | At 31 March | 2021 | Total as at | Income | Expendi- | Gains 8 | Transfers | Total as at |
|---|---|---|---|---|---|---|---|---|
| 1 April | ture | losses | 31 March | |||||
| 2020 | 2021 | |||||||
| Permanent funds |
endowment | 1,897,920 | 529,837 | 2,427,757 | ||||
| Unrestricted funds |
income | 286,068 | 89,572 | (72,144) | 303,496 | |||
| Total funds | 2,183,988 | 89,572 | (72,144) | 529,837 | 2,731,253 | |||
| At 31 March | 2020 | Total as at | Income | Expendi- | Gains 8 | Transfers | Total as at | |
| 1 April | ture | losses | 31 March | |||||
| 2019 | 2020 | |||||||
| Permanent funds |
endowment | 2,352,227 | (454,307) | 1,897,920 | ||||
| Unrestricted funds |
income | 286,643 | 117,720 | (118,295) | 286,068 | |||
| Total funds | 2,638,870 | 117,720 | (118,295) | (454,307) | 2,183,988 |