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|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|
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||||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|||||
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|Decline|in|income|~|Implementing|strict controls.||
|---|---|---|---|---|---|---|
||||~|The charity's|funds are invested
by a professional||
|||||fund manager.|||
||||~|The Financial|Investment
Board regularly|monitors|
|||||the
erformance
ofthis fund mana
er.|||
|Where|the|Trustees|~|Those concerned
having a specific understanding|||
|has a conflict of||||oftrust law.|||
|interest|||~|Adopting
the|protocol for disclosing
any potential||
|||||conflict.|||
|Losing|directly||~|Documenting|systems,
plans and projects||
|employed||staff and/or|~|Having
any necessary
training
programmes|||
|the support||staff|||||
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||||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|
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||||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|
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|||Unrestricted|funds|
|---|---|---|---|
|||2020/21|2019/20|
|Investment|income|87,029|116,462|
|Interest||2,543|1,258|
|Total|||117,720|
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|||||||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)||||
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|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|
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|||||2020/21|2019/20|
|---|---|---|---|---|---|
|Prepayments|and|accrued|income|9,024|9,295|
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|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|
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|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|
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