| PRINCIPAL | ADVISERS | ||||
|---|---|---|---|---|---|
| BANKERS | FUND MANAGERS | AUDITOR | |||
| Clydesdale | Bank pic | I M Finn &Co Ltd | Crowe L.K. | LLP | |
| 146—158Kensington | High Street | 4 Coleman Street | 55 Ludgate | Hill | |
| London | London | London | |||
| WB 7RL | EC2R STA | EC4M 7JW |
| FOR THE YEAR ENDED | 31AUGUST 2 | 020 | ||||
|---|---|---|---|---|---|---|
| Notes | 2020 E |
2019f | ||||
| Income and | endowments | from: | ||||
| Donations | 10,000 | 0 | ||||
| Investments | 31,001 | 35,108 | ||||
| TOTAL | 41,001 | 35,108 | ||||
| Expenditure | on: | |||||
| Raising funds | ||||||
| Investment | management | costs | 4,595 | 4,900 | ||
| Charitable | activities | |||||
| Legal Fees | 0 | 0 | ||||
| Benevolent | grants | 100,000 | 350,000 | |||
| TOTAL | 104,595 | 354,900 | ||||
| OPERATING | SURPLUS / (LOSS) | (63,594) | (319,792) | |||
| Net realised | and unrealised | gains on investments | (5,661) | 36,356 | ||
| NET INCOME | / (EXPENDITURE) | (69,255) | (283,436) | |||
| NET MOVEMENT IN FUNDS |
(69,255) | (283,436) | ||||
| FUNDS | ||||||
| Balance at | 1 | September 2019 | 1,025,105 | 1,308,541 | ||
| BALANCE AT | 31AUGUST 2020 | 955,850 | 1,025,105 |
| 2020 | 2019 | |||
|---|---|---|---|---|
| Notes | f | f | ||
| FIXEDASSET INVESTMENTS | ||||
| Quoted securities at market value | 890,177 | 1,050,433 | ||
| Costf652,061(2019:f752,886) | ||||
| CURRENT ASSETS | ||||
| Debtors | 0 | 615 | ||
| Cash at bank | 65,923 | 24,057 | ||
| 65,923 | 24,672 | |||
| CURRENT LIABILITIES | ||||
| Sundry creditors | 250 | 50,000 | ||
| NET CURRENT ASSETS | 65,673 | (25,328j | ||
| TOTAL ASSETS | 955,850 | 1,025,105 | ||
| Represented by: |
||||
| UNRESTRICTED FUNDS | 955,850 | 1,025,105 |
| INVESTMENTS | 2020 | 2019 | |
|---|---|---|---|
| f | f | ||
| Market value at 1September 2019 | 1,050,433 | 1,270,711 | |
| Less: Disposal proceeds | (286,842) | (355,991j | |
| Add: Acquisitions at cost |
132,247 | 99,357 | |
| Net realised and unrealised |
gains/(losses) | (5,661) | 36,356 |
| Market value at 31August | 2020 | 890,177 | 1,050,433 |
| Cost at31August 2020 | 652,061 | 752,886 |