| Page | |||
|---|---|---|---|
| Trustees Report |
1-2 | ||
| Independent Examiner's |
Report | ||
| Statement of Finacial |
Activities | ||
| Balance Sheet | |||
| Notes to the Financial | Statements | 6-8 |
| Note | 2021 | 2020 | |||
|---|---|---|---|---|---|
| INCOMING RESOURCES |
|||||
| Covenants & donations |
2,496 | 2,626 | |||
| Legacies | |||||
| Interest receivable | |||||
| Income from quoted investments |
6,120 | 8,460 | |||
| Profit ofsale of investments | 41,798 | 32,924 | |||
| Tax refunds | |||||
| TOTAL INCOMING RESOURCES |
50,414 | 44,010 | |||
| RESOURCES EXPENDED | |||||
| Direct Charitable Ex enditure |
|||||
| Grants | 558 | ||||
| Charitable donations and costs incurred |
to | ||||
| support welfare ofcurrent |
and retired | HMI's | 9,873 | 9,622 | |
| Register expenses | 3 | 14,503 | 6,448 | ||
| Pastoral support to members |
|||||
| through secretarial costs Jack Kitchen Archive |
6,600 | 6,600 | |||
| Honoraria | 12,150 | 9,200 | |||
| 43,126 | 32,428 | ||||
| Other Ex enditure | |||||
| Trustees' expenses | 432 | ||||
| Covenant management expenses |
|||||
| Accountancy fees Broker's fees |
1,158 3,184 |
1,158 2,755 |
|||
| Bank Charges | 5 | ||||
| Sundry expenses | |||||
| 4779 | 3,913 | ||||
| TOTAL RESOURCES EXPENDED | 47,905 | 36,341 | |||
| NET SURPLUS/ DEFICIT |
FOR THE YEAR | 2,509 | 7,669 | ||
| Change in fair value of investments |
14,425 | 56,968 | |||
| 16,934 | 64,637 | ||||
| Fund balance brought forward |
542,088 | 477,451 | |||
| FUND BALANCE CARRIED | FORWARD | 559,022 | 542,088 |
| FOR THE YEAR ENDED 3 | 1STDECEMBER 2021 | ||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| E | |||||
| 4 INVESTMENTS |
|||||
| Fair value at beginning | of year | 517,571 | 453,254 | ||
| Additions in |
year | at cost | 138,472 | 116,248 | |
| Disposals in |
year | (145,700) | (108,899) | ||
| Adjustment | to fair value | 14,425 | 56,968 | ||
| Fair value at end | ofyear | 524,768 | 517,571 | ||
| Investments | at fair value comprised:- | ||||
| Fixed Interest Funds | 28,290 | 29,193 | |||
| UK Funds | 98,390 | 72,974 | |||
| Europe | 37,666 | 40,044 | |||
| North America | 53,656 | 42,392 | |||
| International | Managed | Funds | 201,280 | 222,505 | |
| Asia excluding Japan |
64,483 | 74,104 | |||
| Japan | 20,400 | ||||
| Infrastructure | 20,603 | 36,359 | |||
| 524,768 | 517,571 | ||||
| 2021 | 2020 | ||||
| E | |||||
| 5 DEBTORS |
|||||
| Loans | |||||
| Due from | brokers | 2,272 | 2,280 | ||
| 2,272 | 2,280 | ||||
| 6 CREDITORS |
|||||
| Accountancy | fees | 1,158 | 1,158 | ||
| Honorarium | |||||
| Register | Expenses | 6,448 | |||
| 1,158 | 7,606 |