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|||||Note|2020|2020|2019|2019|
|---|---|---|---|---|---|---|---|---|
||||||5|6|6|E|
|INCOMING<br>RESOURCES|||||||||
|Covenants<br>& 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<br>Ex||enditure|||||||
|Grants|||||558||3,275||
|Charitable<br>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<br>secretarial|costs||||6,600||7,067||
|Jack Kitchen Archive|||||||5,481||
|Honoraria|||||9,200||7,100||
||||||32,428||45,496||
|0~th<br>E<br>ditu|||||||||
|Trustees' expenses|||||||2,265||
|Covenant<br>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<br>/<br>DEFICIT FOR THE YEAR||||||7,669||(15,647)|
|Change<br>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|





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||||D31STDECEMBER 2020||
|---|---|---|---|---|
||||2020|2019|
||||8|5|
|4<br>INVESTMENTS|||||
|Fair value at beginning||ofyear|453,254|428,551|
|Additions<br>in year|at cost||116,248|138,472|
|Disposals<br>in year|||(108,899)|(164,604)|
|Adjustment<br>to fair value|||56,968|50,835|
|Fair value at end|of year||517,571|453,254|
|Investments<br>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<br>Managed||Funds|222,505|200,873|
|Asia exclusing<br>Japan|||74,104|42,273|
|infrastructure|||36,359||
||||517,571|453253|
||||2020|2019|
||||F|5|
|5<br>DEBTORS|||||
|Loans|||||
|Due from brokers|||2,280|4,199|
||||2,280|4,199|
|6<br>CREDITORS|||||
|Accountancy|fees||1,158|1,158|
|Honorarium|||||
|Register Expenses|||6,448||
||||7,606|1,158|





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