2021-12-31-accounts - Masonic Benevolent Fund Of South Wales

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Objecti	ves and	Acti	viti	es	es
				SORP reference
Summary ofthe purposes the charity as set out in its			of	Para	1 17	To provide for education and advancement in life ofchildren of
governing	document					distressed or deceased freemasons;		to
						benefit widows ofthe same, and	to
						provide to old, infirm and distressed
						freemasons ofthe Masonic Province		of
						South Wales.
Summary activities	ofthe main in relation to those			Para 119	1 17and	In addition, a sum not exceeding ofthe investment income shown	one half in the
purposes	for the public					previous year's account to be dispersed
benefit, in particular,		the				at the discretion ofthe Executive
activities,	projects or	services				Committee to non-Masonic Registered
identified	in the accounts.					Charities, either based within, or
						operating within the province of	Soth
						Wales.
Statement	confirming			Para	1.18	Confirmed —as above.
whether the trustees		have
had regard to the guidance
issued by	the Charity
Commission on public
benefit

You ma	ch	oose t	o include f	urther statemen
				SORP reference
				Para 1 38
Policy on	grant making
				Para 1 38
Policy on	social investment
including	program		related
investment
				Para 1 38
Contribution		made	by
volunteers

Achiev	ements and Pe	rformance	rformance
		SORP reference
				The Charity has met	all qualifying
				requests for its assistance from properly
				identified Masonic beneficiaries
Summary ofthe main achievements ofthe charity,		Para	1 20	throughout the Province ofSouth Wales. In addition, a number of non-Masonic
identifying	the difference the			worthwhile registered	charities within
charity's	work has made to			South Wales have been donated to after
the circumstances of its				proper enquiry.
beneficiaries and any wider
benefits to society as a
whole.

Achievements against	Para	1 41
objectives set
Performance offundraising
activities against objectives	Para	1.41
set
Investment performance	Para	1.41
against objectives
Other

Finan	cial Review	cial Review	cial Review	cial Review	cial Review
Review	ofthe charity'6						Para	1.21	Ofthe total distributable reserves at the
financial	position			at	the end				31ra December 2021 of63,142,325, the
ofthe period									reserves policy would require 62,786,592
									to be set aside. Substantial Masonic
									fundraising projects are ongoing in the
									next four years and it is the Trustees
									policy to retain the surplus to contribute
									to these projects such sums as they may
									agree are within the objects ofthe
									Chari
Statement		explaining			the		Para	1.22	The Trustees are mindful ofpossible
policy for		holding		reserves					market fluctuations in the value ofquoted
stating	why		they	are	held				investments and it is their policy to
									reserve 25%ofthe market value as a
									contingency reserve. This would amount
									to 5746,473 in December 2021.
Amount	ofreserves				held		Para	1 22	The Trustees also consider that income
									could fluctuate and it is their policy to
									reserve an amount equal to one year' s
									ossible rants of6100,000.
Reasons		for holding			zero		Para	1.22
reserves
Details	of	fund materially				in	Para	1.24
deficit
Explanation			of any				Para	1.23
uncertainties			about the
charity	continuing			as a going
concern
Additional			information			(optional)
You ma		choose		to	include further			statements	where relevant about
									The source ofthe capital ofthe fund was
									a sum of6850,000 raised by the Brethren
The charity's principal sources offunds (including							Para	1 47	ofthe Province in 1992to enable itto meet the demands on funds as set out in
any fundraising)									its Bye-Laws. It is policy that the sum as
									adjusted for inflation, should represent
									the core funds ofthe Charity and should
									be used to produce income towards the
									distributions required by beneficiaries.
									After allowance for inflation this would
									amount tof1,940,119in December 2021.
nvestment		policy		and
objectives including any social investment policy							Para	1 46
adopted
									The only risk factor that the Trustees
									consider applicable to the Charity is a fall
A description			ofthe		principal		Para	1 46	in investment values. This is guarded
risks facing			the charity						against by a prudent reserves policy and
									the adoption ofa low risk approach to
									investments.
Other

Description of charity's
trusts:
Type of governing document			Constitution.
How is the charity	Para	1 25	Trust.
constituted?
Trustee selection methods	Para	1.25	Annual	Court ofGovernors.
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees

Policies	and	procedures
adopted	for the induction		and	Para	1 51
training	oftrustees
						Day to day management			is exercised	by
						the Chairman,	Treasurer		and Secretary
The charity's		organisational				subject to the	directions		ofthe Executive
structure	and	any wider		Para	1 51	Trustees.
network	with	which the
charity works
						The Charity is	closely allied to the
						Masonic Province ofSouth Wales whose
Relationship		with any related		Para	1 51	members are	principal	beneficiaries		of
parties						the Charity.
Other

Charity name		MASONIC BENEVOLENT FUND OF SOUTH WALES
Other name the charit uses
Re istered charit	number	208514
Charity's principal	address	5, GUILDFORD STREET, CARDIFF, CF10 2HL

Description ofthe assets
held in this capacity
Name and objects ofthe
charity on whose behalf	the
assets are held and how	this
falls within the custodian
charity's objects
Details of arrangements	for
safe custody and
segregation of such assets
from the charity's own assets

Names and addresses	ofadvisers	(Optional informatio	n)
T eofadviser	Name	Address
Investment Managers	Rathbones	10Queen Square,	Bristol, BS14NT

n	CHARITY COMMISSION FOR ENGlAND AND WALES	CHARITY COMMISSION FOR ENGlAND AND WALES		Annual	accounts for the	accounts for the	eriod	208514
							Period end
			Period start date	01/01/2021		O	date	31/12/2021

					0Z
					8			Restricted
Recommended categories			by			Unrestricted		income	Endowment				Prior year
activity					(0		fundsf	funds f	funds f	Total funds f			fundsf
Incoming resources	(Note	3)					F01	F02	F03	F04			FOS
Income and endowments	from:
Ochaticns snd legacies					601		3,190			3,190			3,014
Charitable activities					602
Othertrading activities					S03
Investments							71,816			71,816			75,852
Separate matenal item of income					S05
Other					606
Total					S07		75006			75	006		78866
Resources expended	(Note		6)
Expenditure on:
Raising funds					606
Chantable activities					Scg		73,129			73	129		79,945
Separate matenal item ofexpense					S10		21 311			21	311		17,785
Other					St 1		330				330		314
Total					S12		94770			94	170		98044
Net income/(expenditure)		before investment
gains/(losses)					S16	-	19,764			19,764		-	19,178
Net gainsl(losses) on investments					614		161,576			161,576			81,484
Net income/(expenditure)					615		141,812			141,812			62,306
Extraordinary items					616
Transfers between funds					617
Other recognised gains/(losses):
Gains and losses on revaluabcn	offixed		assets for the charity's	cwn uss	616		122,548			122	548	-	199,126
Other gsinsl(losses)					619
Net movement in funds					S20		264,360			264	360	-	136820
Reconciliation offunds:
Total funds brought forward					sgt		2 877965			2,877,965			3014785
Total funds carried forward					S22		3 142325			3,142,325			2,877965
1

			0Z
			8			Restricted
			6 10	Unrestricted funds		Income funds	Endowment funds	Total this year	Total last year
						E	E	E		E
Fixed assets				F01		F02	F03	F04		F05
Intangible assets		(Note 15)	601
Tangible assets		(Note 14)	602
Heritage assets		(Note 16)
Investments		(Note 17)	604	2,985,892				2,985,892	2,764,951
		Total fixed assets	600	2,985,892				2,985,892	2,764,951
Current assets
Stocks		(Note 18)
Debtors		(Note 19)	807	3,000				3,000
Investments		(Note 17.4)		68,542				68,542
Cash at bank and	in	hand (Note 24)								158,438
	Total current assets		610	171,264				171,264		158,438
Creditors: amounts		falling due within
one year (Note 20)			811	14,831				14,831		45,424
Net current		assetsl(liabilities)	612	5,4				5,4		113,014
Total assets less current liabilities			813						2,877,965
Creditors: amounts		falling due after
one year	(Note 20)		814
Provisions for liabilities			815
Total net assets or liabilities			610	3,142,325				3,142,325	2,877,965
Funds ofthe Charity
Endowment funds	(Note 27)		617
Restricted income	funds (Note 27)		818
Unrestricted funds			610	3,142,325				3,142,325	2,877,965
Revaluation reserve		Total funds	620 821	3,1,3	5			, 4,	2,877,965
Signed by one or lwo	trustees on behalf of all								Date of
the trustees					ur		Print	Name	approval
									ddlmml
							ANDREW	I GRETTON	l3
							MARTYN	A RIDGE

T/vs s/andard	T/vs s/andard	T/vs s/andard	T/vs s/andard	/rsl o/accounting po/ioes has been app/isd by Ihe chan/y except Ibr those licked "No" or "d/s" where	/rsl o/accounting po/ioes has been app/isd by Ihe chan/y except Ibr those licked "No" or "d/s" where	/rsl o/accounting po/ioes has been app/isd by Ihe chan/y except Ibr those licked "No" or "d/s" where	/rsl o/accounting po/ioes has been app/isd by Ihe chan/y except Ibr those licked "No" or "d/s" where	/rsl o/accounting po/ioes has been app/isd by Ihe chan/y except Ibr those licked "No" or "d/s" where	s
di/I'eren/	or		sddr/iona/		pokey	nss been sdop/ed then thrs rs de/si/ed in the box below
Recognition				of income		These are induced in the Statement of Finanoal Activities (SoFA) when
						the chanty becomes entitled to the resources.
						it is more likely than not that the trustees wfil receive Ihe	resources. and			Yes	No	N/a
						the monetary value can be measured with suflioenl reliabilsy
						There has been no olfsetting ofassets and liabilities. or income and expenses. unless			required	, Yes	No	N/a
Offsetung						Permitted by the FRS 102SORP or FRS 102
										Yes	No	Nra
						Grants and donations sre only induded m the SoFA when the	general income recognibon
Grants snd			donations			cnlena are mel (5 10to 5 12FRS102SORP)
						In the case of performance related grants. income must only be recognised to the extent
						that the chanty has provided the specified goods or services as entifiement to the grant
						only occurs when the performance related condibons are met	(5 16FRS 102SORP)
Legacies						Legaoes are induded in the SOFA when receipt is probable, that is, when there has
						been grant ofprobate. Ihe executors have established that there are suffioent assets		in
						the estate and any conditions attached to the legacy are either	within lhe control ofthe
						chanty or have been met
Government				grants		The chanty has recewed government grants in the reporung penod
						Gilt Aid receivable is included in income when there is a valid	declaration from the donor
Tax reclaims				on		Any Gift Ard amount recovered on a donatmn is considered to	be part ofthat gifi and	is
donations			and gifts			treated as an addeon to the same fund as the inibal donation	unless the donor or Ihe
						terms of Ihe appeal have speofied otherwise
Contractual				Income	and	This is only induded In Ihe SoFA once the chanty has provided	Ihe related goods or
performance				related		services or met the performance related mnditions
grshts
Donated		goods				Donated goods are measured at fair value (Ihe amount for which the asset could be axehangedi uriless impraclica Ito do so
						The cost of any stock ofgoods donated for distnbulion to benefioanes is deemed to be
						the fair value ofthose gifts at the time of their receipt and they	are recognised on receipt
						In the reporting penod in which the stocks are distnbuled. they	are recognised as an
						expense at the canying amount of the stocks at distnbuuon
						Donated goods for resale are measured at fair value on initial	recognihon, which is the
						expected proceeds from safe less Ihe expemed costs of sale,	and recognised in 'Income
						from other trading activities' with lhe corresponding stock recognised in the balance
						sheet on iye sale Ihe value ofstock is charged against 'Income from other trading
						acuvities' and the proceeds from sale are also recogmsed as	'Income from other Irading
						activities
						Goods donated lor ongoing use by the chsnty are recognised	as tangible fixed assets
						and rounded in Ihe SOFA as incommg resources when receivable
						Gifts in kind for use by lhe chanty are included in the SoFA as	income from donations
						when receivable
Donated		services and				Donated services and faalihes are included in the SOFA when	received at Ihe value of
Iecgltles						the gift to Ihe charity provided the value ofthe gift can be measured reliably
						Donated services and famlitms Ihat are consumed immediately	are recognised as income
						vxth an equivalent amount recognised as an expense under Ihe appropriate heading		in
						the SOFA
Support		costs				The chanty has incurred expenditure on suppoh costs
Volunteer		help				The value ofany voluntary help recewed is not mcluded in the in the trustees' annual report	accounts but is descnbed			Yes	No	N/a
										es	o	N/a
income	from			Intenmt,		This is included in the accounts when receipt is probable and	the amount receivable can
royalties		and		dividends		be measured reliably
income	from			membership		Membership subscnptions received in the nature ofa gift are recognised in Donations				as	No	N/a
subacripllohs						and Legaoes
						Membership subscriptions which gives a member the nght to buy servmes or other				es	o	/a
						benefits are recognised as income earned from the provision ofgoods and services as
						income from chantable amrvrtres

Settlement of Insurance	Settlement of Insurance	Insurance daims are only included in the SoFA when the general income recognibon cntena are met (5 10to 5 12FRS102 SORP) and ere included as an item ofother
claims		Income in the SoFA
Investment gains and losses		This includes eny realised or unrealised gains or losses on the sale of investments and ally gain or loss resulting from revaluing investments to market value at the end ofIhe
		year
2.3 EXPENDITURE Liabglty recognition		AND LIABILITIES Liabilities are recognised where it is more likely than not that there isa legal or coristructwe obligebon commitbng the chanty lo pay oul resources and the amount of Ihe obligation can be measured with reasonable cenainty		Yes v	No	N/5
		Support costs have been allocated between governance costs and other suppoh Governance costs compnse ae costs involvmg pubkc accountability of the chanty arid its
costs		compliance with regulation and good pracsce
				Yea	No	N/a
		Support costs include central functions and have been allocated to activity cost cstegones on a basis consistent with the use of resources. eg abocabng property costs by floor areas, or per capita staff costs by the time spent and other costs by their usage
Grants with	performance	where the chanty gwee a grant vxth condeons for ils payment berng a speofic level of service or output to be provided, such grants are only recognised in the SoFA once the recrprent ofthe grant has provided the specified service or output		es	0	Nra
Grants payable without perfonnance conditions		Where there are no conditions attaching to the grant that enables the donor chanly to realisticagy avoid the commitment. a kabilky for Ihe full funding obligation must be recognised
				Yes	No	N/a
Redundancy	cost	The chanty made no redundancy payments dunng the reporsng penod
				Yes	No	Nra
Deferred Income		No material item of deferred income hes been included in the accounts
		The charity has creditors which are measured at seblement amounts less any trade
Creditors		discounts
provisions	for gabgitles	A liability is measured on recognition at its historical cost and then subsequentk/ measured at the best estimate ofthe amouni required to settle the obligabon al the		Yes	No	Nra
Basic financial instruments		reporbng date The chanty accounts for basic finanoal instruments on rnrbal recognition as per paragraph 107FRS102SORP Subsequent measurement isas per paragraphs 11 17 lo 11 19, FRS102SORP		Yes	No	Nra
2.4ASSETS Tangible fixed assets for use by charity		These are capitalised ifthey can be used for more than one year, snd cost at least		Yes	No	N/a
		They are valued at cost
Intangible	fixed asseta	The depreciation rates and methods used are disclosed in note 92 The chanty has intangible fixed assets. that is, non-monetary assets that do not have physical substance but are identifisble snd are conlrosed by Ihe chanty through custody or legal nghts The amortisation rates and methods used are disclosed in note 9 5		Yes	No	N/a
				es	No	/a
		They sre valued at cost
Heritage assets		The chanty has hentage assets. that is, non-monetary assets with hislonc, artistic. sc/entrgc technological, geophysical or environmental qualities that are held and mamtamed pnnapslly for their contnbution to knowledge and culture The depreciation rates and methods used as disclosed in note 96 I 4		Yes	No	N/a
		They are valued at cost
lnvestnlehts		Fixed asset investments m quoted shares traded bonds and similar investments are valued at mitiaey at cost and subsequently at fair value (their market value) at the year end The same treatment is applied to unlisted mvestments unless fair value cannot be
		measured reaably in which case it rs measured at cost less impairment		Yes	No	N/a
		Investments held for resale or pending Iheir Sale and cash and cash equivalents with a
		mstunly date ofless than 1 year are treated as currenl asset mvestments
				Yes	No	N/a
Stocks and work In		Stocks held for sale as pan of non-chantable trade are measured at the lower orcost or net
p fog nibs		reslisable value Goods or services provided as part ofa chantable actnnty are measured at net realisable	value	es	No	N/a
		based on the service potential provided by items of stock
				Yes	No	N/a
		Work m progress is valued at cost less any foreseeable loss that is likely to occur on the	contract
Debtors		Debtors (indudrng trade debtors and loans receivable) sre measured on innial recogniuon at setdement amount aller any trade discounts or amount advanced by the chanty Subsequently they are measured at the cash or other considerabon expeded to be received		Yes	No	N/a

Current asset Investments	The chanty equivalents equivalents meet short	has investments which il holds for resale or pending their sale and cash and cash T a matunty date less than one year These include cash on deposit and cash a matunly date of less than one year hald for mvestmanl purposes rather than to cash commitments as they fall due	has investments which il holds for resale or pending their sale and cash and cash T a matunty date less than one year These include cash on deposit and cash a matunly date of less than one year hald for mvestmanl purposes rather than to cash commitments as they fall due
	They are valued	at fair value except where they qualify as basic finanaal	instruments
POLICIES ADOPTED
ADDITIONAL TO OR
DIFFERENT FROM
THOSE ABOVE

Note 3				Analysis of	Analysis of	Analysis of	Analysis of	income	income	income
														arstricied
													Unwvmcwd	iiwoim	Eiidcwimiii
													funds	furulu	funds	Total funds		Prior rmr
						Anti		~la								5		E
Dohatloris			Donsfions	and		Nls							2937			2	937	2	470
and legacies			Gift Aid										253				253
			L cess
			General grants provided					by governmentrolhsr
			chariTies
			Membership		subscnplmns				end sponsorships
			which are	in substance			donabons
			Donated	cods,		frudfifiss		and		services
			Other
												Total	3,190			3,190		3,014
CharNable
~cdvMas;
			Other
												Total
Other trading
acthldesi
			Other
												Total
Income fmm			Interest income										110				110		93
Investments:			Dwidand	income									71 355			71	355	75	759
			Rental and		lesmn	income
			Loan Interest										351				351
												Total	71,816			71	8'l6	75	852
Separate
material	Nem
ofIncome:
												Total
			Conversion		ofendowment				funds		into income
			Gain on disposal			ofa tangible				fixed asset		held
			forche'	sownuse
			Gain on disposal			ofa programma					related
			investmsnt
			Royalties	from tha explonmion						of	intefiemuei
			ro		his
			Other
												Total
TOTAL INCOME													75 008			75	006	78	866
Other' Irdiuiii&doin
ml Income		In Ihe prior year			was unrestricted				except for.
Iplesse provide			description		and amounlsl
Where any endowment fund					I~converted			into		Income In the
reposing		penmfi please Elva the				reason	for		Iha conversion,
within the		Income llama above ths foaowlno							Items		are
malarian	iplsase disclose			Iha nature, wnouni						and	any prior
year wmuinm)

Note 4		Analysis ofreceipts	ofgovernment	grants
						This year	Last year
			Descri	tion
Government	grant 1
Government	grant 2
Government	grant 3
Other
					Total
Please Provide details ofany
unfulfilled	conditions and other
contingencies attaching		to grants
that have been recognised in income.
Please give details ofother forms of
government	assistance	from which
the charity	has di/ectly	benefited.

Note 5	Donated goods, facilities and services
		This year	Last year
		E	K
Seconded staff
Use ofproPerty
Other
Please provide details	ofthe
accounting policy for	the recognition
and valuation ofdonated goods,
facilities and services.
Please provide details	ofany
unfulfilled conditions	and other
contingencies attaching to resources
from donated goods and services not
recognised in income.
Please give details of	other forms of
other donated goods and services not
recognised in the accounts, eg
contribution ofunpaid	volunteers.

Note 8		Analysis ofexpen	ditu	re
							Restricted
					Unrestricted		income	Endowment
					funds		funds	funds	Total funds			Prior year
		Anal sis							E			E
Expenditure	on	Incurred seeking donations
raising funds:		Incurred seeking legaaes
		Incurred seeking grants
		Operating membership schemes and
		social lotteries
		Staging fundraising events
		Fudraising agents
		Operating charity shops
		Operating a trading company
		undertaking non-charitable	trading
		actlvi
		Advertising, marketing, direct		mail and
		ublici
		Start up costs incurred in	generating
		new source offuture income
		Database development costs
		Other trading activities
		Investment management	costs:
		Portfolio mana ament costs			1,311				1,3		1	17,785
		Cost ofobtaining investment		advice
		Investment administration	costs
		Intellectual property licenang		costs
		Rent collection, property	repairs and
		maintenance charges
		Total expenditure on raising funds			21,311				21,311			17,785
Expenditure	on	Grants to Beneficiaries			53,129				53	129		63,195
charitable		Grants to Masonic Charities
activities
		Grants to non-Masonic Charities			20,000				20,000			13,750
		Grants to Flood Victims										3,000
		Total expenditure on charitable activities			73,129				73	129		79,945
Separate material
item ofexpense
		Total
Other
		Bank char es				151				151		135
		Indemni Insurance				179				179		179
		Total other expenditure			330					330		314

Piease exp/sin	the	nature ofeach	extraordinary item	occurring in the	period.
					This year	Lastyear
			Descri	tlon	E	E
Extraordinary	Item	1
Extraordinary	item	2
Extraordinary	item	3
Extraordinary	item	4
Total extrordinary		items			NONE	NONE

			Amount	received	Amount	id out	Balance held st	riod end
Description/name	ofparty	Related
		party (Yes	This year	Last year	This year	Last year	This year	Last year
		or No

	Balance held at	riod end
	This year	Last year
Total

												Basis of
		Raising	funds	Activity	1	Activity	2	Activity	3	Grand	total	allocation
Support	cost											sc
exam	les											method)
Governance
Other
										NONE
Total

was paid please en	ter '0	' in the appropriate box(esj.
						This year E	Last year f
Independent examiner's		fees
Assurance services	other than audit or independent		examination
Tax advisory fees
Other fees (for example:		financial advice, consultancy,		accountancy	services) paid
to the independent	examiner

13.1 Analysis o	fgrants paid (i	ncluded in cost o	fcharitab	le activities)
		Gl'ants	to	Grants	to
Analysis		institutions		individuals		Support costs	Total
Activity or project	I
BENEFICIARIES		30731		22398				53,129
NON-MASONIC	CHARITIES	20000						20,000
FLOOD RELIEF
	Total		50,731		22,398			73,129

13.2Grants made to institutions
My charity has made grants toparticula Institutions that are material the conterrtofhs grantmaklng. Details ofthe lnsdtutlon supported, purpose ofthe grant and total paid to each institution ls available on charity's web site.	ln the	No	Please provide details ofcharity's VRL. Provide details below
Names of Institution	Purpose		Total amount of rants aid E

Note 14			Tangible		fixed	asseR	asseR
Plrwse complete	thhl	nore lfthe chai(ty hss					any Dnplble duad assets
18.1Cost or Mliistloh
			Freehold land		Other	lend &		pluri,		Rxtuwe,	Total
			a headings		bushings			mschlnuy	snd	thtlhge Md
								rrwlm		equipmeni
								v4Mclee
At lhe baginnirig of
the year
Addihons
Reveluatione
Diepossls
Transfers '
At enh ofths year
14.2Depreclagon	and		Impainnents
			SLor RB		SLor RB			SLor RB		SLor RB	SLor RB	StrmgM	Line
												("SL"1	or
												Resuang
												Bslshcs
												("RB")
Rata
At beginning ofthe
yssr
Dispose(a
Dsprscislihh
Impairment
Transfers'
Al end ofthe year
18.3 Net book value
Nel book value at	the
beginning ofthe year
N8t book value si	th8
end ofthe year
(SA llrltw(IIMrrt
Pfesse pmvhfe a dsscrfpdon afDe					events	snd
clwumstsnces that led to Ihw recopnhwn						or
rsv4rssl ofsri Iiirpelrrrioilf lo4$.
1S.S Revaluation
Ifen eccountlnp	pohcy ofrevel uadon Dadopred,
the ellecdve date ofthe revelualDn
the name ofIndependent valu«, IfSpy(bable
De nwlhods sppped		and alpnbksnt
essumpltona
dlo carryDp srlNNiht		Ihet woUld IMU4 b44it
rsccprlD4d hild tho 4$$ohl b4oii corlhuf irrrder
dlo co4IiriodeL
1BS Cuber disclosures
(6 Please aisle	the amount oftwnowlnp					coals,
lfany, capltalDsd	In the consnucdon				oftan		pltde
dxed 4$$$I$4hd	tho cspitsbMdhii			ride DMd.
(hl Pleura provide tho 4ithwhl ofchilrmcttr4(
eommhmenm tbr Ihe		ecqulahDU of			Dnphde
dxsd 4MOD.
(pll Omaha ofdw exlstenee end esrrytng
amiwnts ofpwperly,		plant and equipment				Io
which Ihe chmny	ha4		esbfeled dde		orthat		em
pfedged as secumy fordebpmes.
' The 'uansfms	mw is		Iur movemenrs		between axed			asset calegones
please indicele	Ihe meihod ofdepnwieson					by deiehng me method not applicable					(SL = slrarphl

		Research 5	Patents snd
		development	trademarks
At beginning	ofthe
year
Additions
Disposals
Revaluations
*
Transfers
At end ofthe	year

15.2Amo	rtis	atio	n and	n and	impairments
			Basis		SLor RB	SL or RB	SLor RB	SL or RB	Straight	Line
									("SL")or
									Reducing
									Balance
									("RP')
				Rate
At beginning		of	the
year
Disposals
Amortisation
Impairment
Transfers*
At end of	year
15.3 Net book value
Nat book	value		at the
beginning	of	the		year
Net book	value		at the
end ofthe	year

18.7Ana	lysis o	f heritage assets	by class or group distinguish	ing those at cost and those at va	luation
				Al vsluetlori	At cost Group	Total
				Group A	0
Carrying	amount	al the beginning	of the
pened
Additions
Dlsposals
Depreostioniimpsirmenl
Revaluation
Carrying	amount	st the end of penod

18.0Heritage assets (where heritage	18.0Heritage assets (where heritage
(I) Explain the reason why heritage
assets have not been recognised	on
the balance sheet.
(8) Describe the significance and
nature ofheritage assets.
(gl) Disclose information that ls
helpful In assessing the value of
heritage assets.
(Iv) Explain the reason why It ls	not
practicable to obtain a valuation	of
herhage assets.

		2018	2018	2013	2012	2011
Purchases
Group A
Group 8
Group C
Other
Donations
Group A
Group 8
Group C
Chher
Total additions
Charge for impairment
Group A
Group 8
Group C
Olhar
Total charge for	impairment
Dlsposals
Group A - carrying	amount
Group 8 - carrying	amount
Group C
Other
Total dispoaals

				Cash &cash oquivslenb	Cash &cash oquivslenb	Ualos inveslmenis	lnvestmenl omporlloc	Total
Cenying fair)	value al	beginning	of			2.784.951		2,764,951
psnod
Add: eddiliohs lo investments dunng						519,965		519,966
penod*
Laser disposals al carrying value						583,149		583,149
Laser lmpolrmahm
Add: Reversal ofImpairments
Addi(deducg:	transfer	in/(out) in	the
pehod
Addi(doducth	hot gsih/iloos) oh					284.124		284,124
rsvslumoh
Cenying (fair)	value et	end of year				2.985.892		2,985,892
'Please specNy additions msuwng				from
acquNNons	through	business	combinations, N
any.
Please nota	Net Fair	Value In N4 context 4Ihe amount for whka an asset could be exchanged between
knoulegabie	and uggng perdue		In	en annh	length	aansaction.	Fortraded securtNOO,	the fair value ls Ne value
ofNe security quoted		on lbe London Slosh			Exchange gully Ogblsl Usf orequlvsfenr.			Forother assace where
thwa ls no msmet prfce on ~traded medial,					8la Ne trustees'		or valuem' best estimals	offair value.

Analysis of investments
	Fair value sl yoor oiid	Coal ives Iiripdirmiit
Cash orcash equivalents
Listed Inveubnenls	2,985,892
Investment pmperlles
Social Invesbnents
Other Investmsnls
Total	2,985,892
Grand total (Fair value st year end+Cost less impairment)		2,985,892

17.4 Please provide a breakdown ofcurrent	17.4 Please provide a breakdown ofcurrent	17.4 Please provide a breakdown ofcurrent	17.4 Please provide a breakdown ofcurrent	asset investments.	Ifapplicable,	with the
balance sheet.
Analysis of current asset					This loaf	LIstTsar
investments
Cash orcash squlvalsnts
Lhlad Invssbnenls
Investment propenles
Social Investments					68,542
Other Invsslmenla
Total					68.542
17.5Guarantees
Please provide details and amount ofsny
guarantee made to or on behalf ofa third		pany
Name ofthe entity or entltkm benegtdng		from
those guarantees
Please espleln how Ihe guarantee furthers			the
chalky's ~bhs
17.5Concesslonaty loans
					Descflpyoh	This year E
Amount ofconcesslonery loans made (Nsmpls
kmns male may bs dlsclossd In aypmysta	pmvldsd
Inst sscb ayymyatlon dfnsl nol cfmefa slpsdlc4ct
Intonnaaon i.
				Total
Amount ofconceaslonary loans nmelvsd					Oesarlptlon	This Wlef 5	Lull Vast E
lmubfpfs amns recsfved mayas dlsckuscf	In
~yymyara pmvldad Inst socb spprsystlon	doss not
c ass re sign limen IIntonnatloni.
				ran I
Icharge
Value ofany concesslonary loans which		have
been commmnd but not taken up td the	repohlng
dale
Amounts payable within I year
Amounls payable agar mare than 1year
Amounh mceheble wNhln I year
Amounts reachable altar more than I year
17.7 Additional Information
Please pmvlda Information about the
~Igndlcsnca ofInvesbnenh toIhe charity's
flnsnchl poshon or perl'onnancs eg.terms and
cohdhlohs ofloahs ofths Uss ofhedglhg		to
manase financial risk.
For ~5 Inveslmenh memumd atfair value,			the
bash for detmmlnlng the value, Including			sny
~ssumptlons appgsd when using a vsluagon
technique.
Where ~charily has provided financial	assets as
s foflll ofsecufky, ths c4ffylhg 4moullt	of		Iha
tlnanchl meat pledged as security snd	the terms
and condhons relating to Ns pledge.

18.1 Plea activities.	se state the carrying	amount ofsto	ck and work in	progress ana	lysed betwe	en
			Stock	Donated	goods
						Work in
		For	For resale	For	For resale	progress
		distribution		distribution
Charitable	activities:
Opening
Added in period
Expensed	in period
Impaired
Closing
Other trading activities:
Opening
Added In period
Expensed	In period
impaired
Closing
Other:
Opening
Added in period
Expensed	In period
Impaired
Closing
Total this	year
Total previous year

Trade debtors
Prepayments	and accrued income
Other debtors
		Total

This year	Last year
3000

19.2 Analysi	s ofdebtors recoverable in more than 1	year (included In debtors a	bove)
			This year	Last year
			E	E
Trade debtors
Prepayments	and accrued income
Other debtors
		Total

Accruals for grants	payable
Bank loans and overdrafts
Trade creditors
Payments received	on account for contracts or
performance-related	grants
Accruals and defened income
Taxation and social	security
Other creditors

	Amounts	falling due	Amounts	falling due after	falling due after
	within one year		more	than	one year
	This year	Last year	This year		Last year
	E		E		E
	9,369	40,346
	5,462	5,078
Total

Note	24	Cash	at bank and in hand
						This year	Last year
						E	8
Short	term cash Investments		(less than 3months	maturity	date)
Short	term deposits
Cash	et bank and on	hand				99,722	158,438
Other
Total						99,722	158,438

			al				CDZ "0 IO Q	CDZ "0 IO Q	CDZ "0 IO Q
			DC		I
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									I
			0		L0
			0
					0.
			al.C		,Cal
			Ol						Q
									0	w
			8		DC				VC
			L
		al
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		Q	C al
		Z KK	g		'8 C			OlCa				8 P-
		Du Ol	.C
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		alI	C
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		8
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	u	IO	4	0
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		E	Ol	0
~	OI cv	0 Ol 8 Ci	D s	'0 0 0 OI	UIa.	Ol C				IOC DC	DC 0L

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27.3 Transfers between	27.3 Transfers between	27.3 Transfers between	funds
			Reason for transfer and where endowment		is converted to income,	Amount
			legal power for its conversion
Between	unrestricted	and
restricted	funds
Between	endowment	and
restricted	funds
Between	endowment	and
unrestricted funds
27.4 Desi nated funds
Planned use			Purpose ofthe desi	nation		Amount