THE NORTHCOTE TRUST
TRUSTEES. REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2020
Charity No: 207813

## 

## 

## 

||||Page|
|---|---|---|---|
|Trustees'|Report||3-5|
|Independent<br>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<br>income|||2|140,002||140,002|175,015|
|Total income||||140,002||140,002|175,015|
|Expenditure||||||||
|Expenditure<br>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)<br>on investment|||||(480,237)|(480,237)|291,919|
|Net movement<br>in funds||||(31,303)|(480,237)|(511,540)|339,421|
|Reconciliation<br>offunds||||||||
|Total funds brought<br>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<br>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<br>funds<br>Endowment<br>funds|10<br>10|||117,974<br>3,810,868||149,277<br>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<br>/ (LOSSES) ON|GAINS<br>/ (LOSSES) ON|INVESTMENT ASSETS|INVESTMENT ASSETS|||||
|---|---|---|---|---|---|---|---|
||||||Unrestricted<br>F|2020f<br>2019f||
|Unrealised<br>gain/(loss)|on year end valuation||||(480,237)|(480,237)<br>291,919||
|||||~490,237||~490,237<br>291,919||
|NET MOVEMENT<br>IN FUNDS FOR THE YEAR||||||||
|The net movement<br>in funds for the year is stated||||after|charging:|||
|||||||2020f|2019f|
|Independent<br>examiner's||fees||||1,200|1,200|
|INVESTMENTS||||||||
|||||||2020f|2019f|
|Market value,<br>brought|forward|||||4,291,105|3,999,186|
|Additions||||||||
|Disposals||||||||
|Unrealised<br>gain<br>/ (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<br>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<br>IN FUNDS||||||
|---|---|---|---|---|---|---|
|||Balance||||Balance|
|||at 01.01.20f|Incomef|Expenditure|Gains/(Losses)<br>f|at 31.12.20f|
|Unrestricted|funds|149,277|140,002|171,305||117,974|
|Expendable|endowment|4,291,105<br>4,440,382|1411,1102|171,308|(480,237)<br> ~480,2377|3,810,868<br>3928,842|
|Movement|in funds —previous|year|||||
|||Balance||||Balance|
|||at 01.01.19f|Income|Expenditure<br>f|Gains/(Losses)<br>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<br>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|



##