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|Trustees<br>Report|||1-2|
|Independent<br>Examiner's||Report||
|Statement<br>of Finacial|Activities|||
|Balance Sheet||||
|Notes to the Financial|Statements||6-8|





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||||Note|2021|2020|
|---|---|---|---|---|---|
|INCOMING<br>RESOURCES||||||
|Covenants<br>& donations||||2,496|2,626|
|Legacies||||||
|Interest receivable||||||
|Income from quoted<br>investments||||6,120|8,460|
|Profit ofsale of investments||||41,798|32,924|
|Tax refunds||||||
|TOTAL INCOMING<br>RESOURCES||||50,414|44,010|
|RESOURCES EXPENDED||||||
|Direct Charitable<br>Ex enditure||||||
|Grants|||||558|
|Charitable<br>donations<br>and costs incurred||to||||
|support<br>welfare ofcurrent|and retired|HMI's||9,873|9,622|
|Register expenses|||3|14,503|6,448|
|Pastoral<br>support to members||||||
|through<br>secretarial costs<br>Jack Kitchen Archive||||6,600|6,600|
|Honoraria||||12,150|9,200|
|||||43,126|32,428|
|Other Ex enditure||||||
|Trustees' expenses||||432||
|Covenant<br>management<br>expenses||||||
|Accountancy<br>fees<br>Broker's fees||||1,158<br>3,184|1,158<br>2,755|
|Bank Charges||||5||
|Sundry expenses||||||
|||||4779|3,913|
|TOTAL RESOURCES EXPENDED||||47,905|36,341|
|NET SURPLUS/<br>DEFICIT|FOR THE YEAR|||2,509|7,669|
|Change<br>in fair value of investments||||14,425|56,968|
|||||16,934|64,637|
|Fund balance brought<br>forward||||542,088|477,451|
|FUND BALANCE CARRIED|FORWARD|||559,022|542,088|





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||||FOR THE YEAR ENDED 3|1STDECEMBER 2021||
|---|---|---|---|---|---|
|||||2021|2020|
||||||E|
|4<br>INVESTMENTS||||||
|Fair value at beginning|||of year|517,571|453,254|
|Additions<br>in|year|at cost||138,472|116,248|
|Disposals<br>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<br>Japan||||64,483|74,104|
|Japan||||20,400||
|Infrastructure||||20,603|36,359|
|||||524,768|517,571|
|||||2021|2020|
||||||E|
|5<br>DEBTORS||||||
|Loans||||||
|Due from|brokers|||2,272|2,280|
|||||2,272|2,280|
|6<br>CREDITORS||||||
|Accountancy||fees||1,158|1,158|
|Honorarium||||||
|Register|Expenses||||6,448|
|||||1,158|7,606|





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