| Note | 2020 | 2020 | 2019 | 2019 | ||||
|---|---|---|---|---|---|---|---|---|
| 5 | 6 | 6 | E | |||||
| INCOMING RESOURCES |
||||||||
| Covenants & donations |
2,626 | 2,960 | ||||||
| Legacies | ||||||||
| Interest receivable | 1 | |||||||
| Income from quoted | investments | 8,460 | 8,061 | |||||
| Profit ofsale of investments | 32,924 | 24,991 | ||||||
| Tax refunds | ||||||||
| TOTAL INCONIING | RESOURCES | 44,010 | 36,013 | |||||
| RESOURCES EXPENDED | ||||||||
| Direct Charitable Ex |
enditure | |||||||
| Grants | 558 | 3,275 | ||||||
| Charitable donations |
and costs incurred | to | ||||||
| support welfare of | current and retired | HMI's | 9,622 | 11,541 | ||||
| Register expenses | 3 | 6,448 | 11,031 | |||||
| Pastoral support to members | ||||||||
| through secretarial |
costs | 6,600 | 7,067 | |||||
| Jack Kitchen Archive | 5,481 | |||||||
| Honoraria | 9,200 | 7,100 | ||||||
| 32,428 | 45,496 | |||||||
| 0~th E ditu |
||||||||
| Trustees' expenses | 2,265 | |||||||
| Covenant management |
expenses | |||||||
| Accountancy fees | 1,158 | 1,158 | ||||||
| Broker's fees | 2,755 | 2,727 | ||||||
| Bank Charges | 15 | |||||||
| Sundry expenses | ||||||||
| 3,913 | 6,165 | |||||||
| TOTAL RESOURCES | EXPENDED | 36,341 | 51,660 | |||||
| NET SURPLUS / DEFICIT FOR THE YEAR |
7,669 | (15,647) | ||||||
| Change in fair value |
of investments | 56,968 | 50,835 | |||||
| 64,637 | 35,188 | |||||||
| Fund balance brought | forward | 477,451 | 442,263 | |||||
| FUND BALANCE CARRIED FORWARD | 542 088 | 477 451 |
| D31STDECEMBER 2020 | ||||
|---|---|---|---|---|
| 2020 | 2019 | |||
| 8 | 5 | |||
| 4 INVESTMENTS |
||||
| Fair value at beginning | ofyear | 453,254 | 428,551 | |
| Additions in year |
at cost | 116,248 | 138,472 | |
| Disposals in year |
(108,899) | (164,604) | ||
| Adjustment to fair value |
56,968 | 50,835 | ||
| Fair value at end | of year | 517,571 | 453,254 | |
| Investments at fair value comprised:- |
||||
| Fixed Interest Funds | 29,193 | 27,328 | ||
| UK Funds | 72,974 | 84,963 | ||
| Europe | 40,044 | 59,030 | ||
| United States | 38,787 | |||
| North Amenca | 42,392 | |||
| International Managed |
Funds | 222,505 | 200,873 | |
| Asia exclusing Japan |
74,104 | 42,273 | ||
| infrastructure | 36,359 | |||
| 517,571 | 453253 | |||
| 2020 | 2019 | |||
| F | 5 | |||
| 5 DEBTORS |
||||
| Loans | ||||
| Due from brokers | 2,280 | 4,199 | ||
| 2,280 | 4,199 | |||
| 6 CREDITORS |
||||
| Accountancy | fees | 1,158 | 1,158 | |
| Honorarium | ||||
| Register Expenses | 6,448 | |||
| 7,606 | 1,158 |