| BALANCE SHEET —31DECEMBER 2020 | BALANCE SHEET —31DECEMBER 2020 | ||
|---|---|---|---|
| TRUST ASSETS | NOTES | 2020 | 2019 |
| Land | 9,720 | 9,720 | |
| Properties | 51,369 | 51,369 | |
| Investments | 72,489 | 72,478 | |
| 133,578 | 133,567 | ||
| GENERAL ASSETS | |||
| Investments | 109,712 | 109,349 | |
| Current assets | 116,017 | 86,944 | |
| 225,729 | 196,293 | ||
| Current liabilities |
(180) | (180) | |
| 225,549 | 196,113 | ||
| TOTAL ASSETS | 359,127 | 329.680 | |
| Represented by:- |
|||
| TRUST FUND | |||
| Balance at I January | 90,403 | 89,338 | |
| Interest from bequest from Estate | 1,065 | 1,065 | |
| OfE.W.Tutt, deceased | |||
| Balance at 31 December | 91,468 | 90.403 | |
| GENERAL FUND | |||
| Balance at I January | 239,277 | 211,905 | |
| Surplus/(Deficit) | for year | 28,382 | 27,372 |
| Balance at 31 December | 267,659 | 239,277 | |
| TOTAL OF FUNDS | 359,127 | 329,680 | |
| Ap ro by the Trustees ou |
|||
| TRUSTEES |
| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| 1. | LAND | ||||||
| At valuation | in 1970less sales | 9,720 | 9,720 | ||||
| 2. | PROPERTIES | ||||||
| At valuation | in 1970 | 11,200 | 11,200 | ||||
| Improvements | at cost | 40,169 | 40,169 | ||||
| 51,369 | 51,369 | ||||||
| 3. | TRUST FUND INVESTMENTS | ||||||
| 1880shares | in Charities Investment |
Fund | |||||
| —At cost in 1965 | 1,650 | 1,650 | |||||
| 1,286.55 shares in Charities | Investment | Fund | |||||
| - At cost in 1995 | 8,272 | 8,272 | |||||
| 7,497.38 shares in Charities | Investment | Fund | |||||
| - At cost in | 2003 | 60,000 | 60,000 | ||||
| Cash at bank | - from sale ofland | 230 | 230 | ||||
| —Reserve Account | 2,337 | 2,326 | |||||
| 72,489 | 72,478 | ||||||
| 4. | OTHER INVESTMENTS | ||||||
| 24.39shares | in Charities Investment |
Fund | |||||
| —At cost in 1995and 1996 | 163 | 163 | |||||
| Cash at bank | - Reserve Account | 65,640 | 65,591 | ||||
| —National Savings |
43,909 | 43,595 | |||||
| 109,712 | 109,349 | ||||||
| 5. | CURRENT | ASSETS | |||||
| Prepaid expenses | 1,740 | 1,663 | |||||
| Cash at bank | —Current Account | 114,277 | 85,281 | ||||
| 116,017 | 86,944 | ||||||
| 6. | CURRENT | LIABILITIES | |||||
| Creditors and accrued expenses |
180 | 180 |
| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| INCOME | |||||||
| Rents —Properties | 27,569 | 25,514 | |||||
| - Fields and | allotments | 1,504 | 909 | ||||
| — Miscellaneous | |||||||
| 29,073 | 26,423 | ||||||
| Interest - Reserve | Account | 49 | 111 | ||||
| -National | Savings | 257 | 284 | ||||
| -Charities | Investment | Fund | 4,544 | 4,454 | |||
| 4,850 | 4,849 | ||||||
| Other —Fordreds Charity | 300 | 300 | |||||
| 34,223 | 31,572 | ||||||
| EXPENDITURE | |||||||
| Property expenses: | |||||||
| Repairs and maintenance | 3,239 | 1,462 | |||||
| Rates | |||||||
| Insurance | 2,242 | 2,198 | |||||
| 5,481 | 3,660 | ||||||
| Clerk's salary / Treasurer's |
expenses | ||||||
| Accountant's fees |
180 | 180 | |||||
| Miscellaneous | |||||||
| Professional fees |
|||||||
| Computer costs | 180 | 360 | |||||
| Light and Heat | |||||||
| Grant | |||||||
| (5,841) | (4,200) | ||||||
| SURPLUS/(DEFICIT) FOR | THE YEAR | 28,382 | 27,372 |