## 

## 



## 

||||Page||
|---|---|---|---|---|
|Report ofthe Tmstees||1|to|2|
|Independent<br>Examiner's|Report||||
|Statement ofFinancial|Activities||||
|Balance Sheet|||||
|Notes to the Financial|Statements|6|to|9|
|Detailed Statement ofFinancial Activities|||10||





## 

## 



## 

## 

## 



## 

## 

||||||31.12.20|31.12.19|
|---|---|---|---|---|---|---|
||||||Unrestricted|Total|
||||||fund|funds|
|||||Notes|8|f|
|INCOME AND ENDOWMENTS|||FROM||||
|Investment<br>income|||||45,071|45,703|
|EXPENDITURE <br>Raising funds|ON||||21,726|28,953|
|Other|||||21,290|27,686|
|Total|||||43,016|56,639|
|Net gains/(losses)|on investments||||(7,323)|31,204|
|NET INCOME/(EXPENDITURE)|||||(5,268)|20,268|
|RECONCILIATION||OF FUNDS|||||
|Total funds brought||forward|||2,257,507|2,237,239|
|TOTAL FUNDS|CARRIED FORWARD||||2,252,239|2,257,507|





## 

|||31.12.20|31.12.19|
|---|---|---|---|
|||Unrestricted|Total|
|||fund|funds|
||Notes||f.|
|FIXEDASSETS||||
|Investment<br>property||1,820,000|1,820,000|
|CURRENT ASSETS||||
|Investments||199,888|207,211|
|Cash at bank||232,351|230,296|
|||432,239|437,507|
|NET CURRENT ASSETS||432,239|437,507|
|TOTAL ASSETSLESS CURRENT||||
|LIABILITIES||2,252,239|2,257,507|
|NET ASSETS||2,252,239|2,257,507|
|FUNDS||||
|Unrestricted<br>funds||2,252,239|2,257,507|
|TOTAL FUNDS||2,252,239|2,257,507|





## 

## 

## 

## 

## 

## 

|Further explanation<br>ofthe nature and purpose ofeach fu|nd is included<br>in the notes to the financial|statements.|
|---|---|---|
|INVESTMKNT INCOME|||
||31.12.20|31.12.19|
|Rents received|43,116|43,177|
|Deposit account interest|1,065|1,635|
|Dividends<br>received|890|891|
||45,071|45,703|





## 

## 

## 

|Investment|management|costs|31.12.20|31.12.19|
|---|---|---|---|---|
|Property repairs<br>Maintenance<br>charges|||19,016<br>2,710|26,173<br>2,780|
||||21,726|28,953|



## 

## 

## 

|COMPARATIVKS F|OR THK STATEMENT OF FINANCIAL AC|TIVITIES|
|---|---|---|
|||Unrestricted|
|||fund|
|||g|
|INCOME AND ENDOWMENTS FROM|||
|Investment<br>income||45,703|
|EXPENDITURE ON|||
|Raising funds||28,953|
|Other||27,686|
|Total||56,639|
|Net gains on investments||31,204|
|NKT INCOME||20,268|
|RECONCILIATION|OF FUNDS||
|Total funds brought|forward|2,237,239|
|TOTAL FUNDS CARRIED FORWARD||2,257,507|





## 

## 

|FAIRVALUK|FAIRVALUK||
|---|---|---|
|At|1 January 2020||
|and|31December 2020|1,820,000|
|NKT BOOK VALVE|||
|At|31 December 2020|1,820,000|
|At|31 December 2019|1,820,000|



|CURRENT|A|SSETINVKSTMKNTS||||
|---|---|---|---|---|---|
|||||31.12.20|31.12.19|
|Listed investments||||199,888|207,211|
|MOVKMKNT||IN FUNDS||||
|||||Net||
|||||movement|At|
||||At I/I/20|in funds|31/12/20|
|Unrestricted|funds|||||
|General<br>fund|||2,257,507|(5,268)|2,252,239|
|TOTAL FUNDS|||2,257,507|(5,268)|2,252,239|



||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|
||||resources|expended|losses|in funds|
||||f|6|||
|Unrestricted||funds|||||
|General|fund||45,071|(43,016)|(7,323)|(5,268)|
|TOTAL|FUNDS||45,071|(43,016)|(7,323)|(5,268)|



## 

|||||Net||
|---|---|---|---|---|---|
|||||movement|At|
||||At I/I/19|in funds|31/12/19|
|||||6|6|
|Unrestricted||funds||||
|General|fund||2,237,239|20,268|2,257,507|
|TOTAL|FUNDS||2,237,239|20,268|2,257,507|





## 

## 

||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|
||||resources|expended|losses|in funds|
|Unrestricted||funds|||||
|General|fund||45,703|(56,639)|31,204|20,268|
|TOTAL|FUNDS||45,703|(56,639)|31,204|20,268|



|||||Net||
|---|---|---|---|---|---|
|||||moventent|At|
||||At I/I/19|in funds|31/12/20|
|Unrestricted||funds||||
|General|fund||2,237,239|15,000|2,252,239|
|TOTAL|FUNDS||2,237,239|15,000|2,252,239|



||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|
||||resources|expended|losses|in funds|
||||8||||
|Unrestricted||funds|||||
|General|fund||90,774|(99,655)|23,881|15,000|
|TOTAL|FUNDS||90,774|(99,655)|23,881|15,000|



## 



## 

## 

||||31.12.20|31.12.19|
|---|---|---|---|---|
|INCOME AND ENDOWMENTS|||||
|Investment<br>income|||||
|Rents received|||43,116|43,177|
|Deposit account interest|||1,065|1,635|
|Dividends<br>received|||890|891|
||||45,071|45,703|
|Total incoming<br>resources|||45,071|45,703|
|EXPENDITURE|||||
|Investment<br>management||costs|||
|Property<br>repairs|||19,016|26,173|
|Maintenance<br>charges|||2,710|2,780|
||||21,726|28,953|
|Other|||||
|Wages|||3,328|3,328|
|Rates &Water|||3,363|6,714|
|Insurance|||2,738|2,724|
|Electricity charges|||3,891|5,573|
|Gas|||6,552|7,893|
|Sundry expenses|||160|390|
|Clerks expenses|||388|204|
|Subscriptions|||210|200|
||||20,630|27,026|
|Support costs|||||
|Governance<br>costs|||||
|Accountancy<br>and legal fees|||660|660|
|Total resources expended|||43,016|56,639|
|Net income/(expenditure)||before gains and|||
|losses|||2,055|(10,936)|
|Realised recognised|gains|and losses|||
|Realised gains/(losses)|on|fixed asset investments|(7323)|31,204|
|Net (expenditure)/income|||(5,268)|20,268|