THE NORTHCOTE TRUST TRUSTEES. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2020 Charity No: 207813
| Page | |||
|---|---|---|---|
| Trustees' | Report | 3-5 | |
| Independent Examiner's |
Report | ||
| Statement | of Financial | Activities | |
| Balance Sheet | |||
| Notes to | the Accounts | 9 —12 |
| Notes | Unrestricted | Endowment | Total | Total | |||
|---|---|---|---|---|---|---|---|
| Funds | Funds | 2020 | 2019 | ||||
| 8 | 8 | 8 | f | ||||
| Income | |||||||
| Investment income |
2 | 140,002 | 140,002 | 175,015 | |||
| Total income | 140,002 | 140,002 | 175,015 | ||||
| Expenditure | |||||||
| Expenditure on charitable |
activities | 3 | 171,305 | 171,305 | 127,513 | ||
| Total expenditure | 171,305 | 171,305 | 127,513 | ||||
| Net incomei(expenditure) | and net movement | In funds | |||||
| before gains and losses | on investments | (31,303) | (31,303) | 47,502 | |||
| Net gains/(losses) on investment |
(480,237) | (480,237) | 291,919 | ||||
| Net movement in funds |
(31,303) | (480,237) | (511,540) | 339,421 | |||
| Reconciliation offunds |
|||||||
| Total funds brought forward |
149,277 | 4,291,105 | 4,440,382 | 4,100,961 | |||
| Total funds carried forward | 117,974 | 3,810,868 | 3,928,842 | 4,440,382 |
| BALAN | CE SHEE | TASAT3 | 1STD | ECEMBER | 2020 | |
|---|---|---|---|---|---|---|
| Notes | 2020 | 2019 | ||||
| 6 | ||||||
| Fixed assets | ||||||
| Investments | 8 | 3,810,868 | 4,291,105 | |||
| 3,810,868 | 4,291,105 | |||||
| Current assets | ||||||
| Cash at bank and in hand | 119,174 | 150,477 | ||||
| Uabllltles | ||||||
| Creditors falling due within one year |
9 | 1,200 | 1300 | |||
| Net current assets | 117,974 | 149,277 | ||||
| Net assets | 3,928,842 | ~4,449, 82 | ||||
| The funds ofthe charity | ||||||
| Unrestricted funds Endowment funds |
10 10 |
117,974 3,810,868 |
149,277 4,291,105 |
|||
| Total charity funds | 3 923 342 | 4443382 |
| INVEST | ME | NT INCOME | ||||
|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||
| 6 | 8 | |||||
| Dividends | —equities | 117,550 | 145,050 | |||
| Interest | —fixed interest securities | 22,371 | 29,828 | |||
| Interest | on | cash deposits | 81 | 137 | ||
| 140,002 | 175,015 | |||||
| EXPEND | IT | URE ON CHARITABLE ACTIVITY | ||||
| Grant | ||||||
| giving | 2020 | 2019 | ||||
| 6 | E | E | ||||
| Grants | 157,422 | 157,422 | 111,434 | |||
| Support | costs (note 4) | 12,683 | 12,683 | 14,879 | ||
| Governance | (note 4) | 1,200 | 1,200 | 1,200 | ||
| 171,305 | 171,305 | 127,513 |
| Basis of | General | ||||||
|---|---|---|---|---|---|---|---|
| apportionment | Support | Governance | 2020 | 2019 | |||
| E | E | 6 | |||||
| Administrative | assistance | Transaction | 12,600 | 12,600 | 9,500 | ||
| Insurance | Transaction | 385 | 385 | 385 | |||
| Bank changes | Transaction | 133 | 133 | 495 | |||
| Foreign exchange losses | Transaction | (435) | (435) | 4,499 | |||
| Independent | examiner's | fees | Transaction | 1,200 | 1,200 | 1,200 | |
| 12,683 | 1,200 | 13,883 | 16,079 |
| GAINS / (LOSSES) ON |
GAINS / (LOSSES) ON |
INVESTMENT ASSETS | INVESTMENT ASSETS | ||||
|---|---|---|---|---|---|---|---|
| Unrestricted F |
2020f 2019f |
||||||
| Unrealised gain/(loss) |
on year end valuation | (480,237) | (480,237) 291,919 |
||||
| ~490,237 | ~490,237 291,919 |
||||||
| NET MOVEMENT IN FUNDS FOR THE YEAR |
|||||||
| The net movement in funds for the year is stated |
after | charging: | |||||
| 2020f | 2019f | ||||||
| Independent examiner's |
fees | 1,200 | 1,200 | ||||
| INVESTMENTS | |||||||
| 2020f | 2019f | ||||||
| Market value, brought |
forward | 4,291,105 | 3,999,186 | ||||
| Additions | |||||||
| Disposals | |||||||
| Unrealised gain / (loss) |
(480,237) | 291,919 | |||||
| Market value, carried forward | 3,810,868 | 4,291,105 | |||||
| Historical cost | 3,316,490 | 3,316,490 | |||||
| Market value analysed | by type of investment | ||||||
| UK fixed interest | 1,336,740 | 1,321,506 | |||||
| UK equities | 2,365,818 | 2,819,523 | |||||
| Overseas equities |
108,310 | 150,076 | |||||
| 3,810,868 | 4,291,105 | ||||||
| CREDITORS: Amounts | falling due within | one | year | ||||
| 2020f | 2019f | ||||||
| Accruals | 1,200 | 1,200 | |||||
| 1,200 | 1,200 |
| MOVEMEN | T IN FUNDS |
|||||
|---|---|---|---|---|---|---|
| Balance | Balance | |||||
| at 01.01.20f | Incomef | Expenditure | Gains/(Losses) f |
at 31.12.20f | ||
| Unrestricted | funds | 149,277 | 140,002 | 171,305 | 117,974 | |
| Expendable | endowment | 4,291,105 4,440,382 |
1411,1102 | 171,308 | (480,237) ~480,2377 |
3,810,868 3928,842 |
| Movement | in funds —previous | year | ||||
| Balance | Balance | |||||
| at 01.01.19f | Income | Expenditure f |
Gains/(Losses) F |
at 31.12.19f | ||
| Unrestricted | funds | 101,775 | 175,015 | 127,513 | 149,277 | |
| Expendable | endowment | 3,999,186 | 291,919 | 4,291,105 | ||
| 4,100,961 | 175,015 | 127,513 | 291,919 | 4,440,382 |
| ANALYS | IS | OF FUND BALANCES B | ETWEEN NET ASSETS | ETWEEN NET ASSETS | ||
|---|---|---|---|---|---|---|
| Unrestricted | Endowmenrt | Total | ||||
| Fundsf | Fundsf | 2020f | ||||
| Fixed asset | —investments | 3,810,868 | 3,810,868 | |||
| Net current | assets | 117,974 | 117,974 | |||
| 117,974 | 3,810,868 | 3,928,842 | ||||
| Analysis | of | fund balances between | net assets —previous | year | ||
| Unrestricted | Endowmenrt | Total | ||||
| Funds f. |
Fundsf | 2019f | ||||
| Fixed asset | —investments | 149,277 | 149,277 | |||
| Net current | assets | 4,291,105 | 4,291,105 | |||
| 149,277 | 4,291,105 | 4,440,382 |