| Trust Information | |
|---|---|
| Trustees' Annual Report |
|
| Independent Examiners' |
Report |
| Statement of Financial Activities | |
| Balance Sheet | |
| Notes to the Accounts |
| STATEMENT OF FINANCIAL | ACTIVITI | ES FOR THE | YEAR ENDED 3 | 1STDECEMB | ER 2020 |
|---|---|---|---|---|---|
| Income | Endowment | Total | Total | ||
| Notes | Fund | Fund | Funds | Funds | |
| 2020 | 2019 | ||||
| INCOME | |||||
| Income | |||||
| Donations and legacies |
|||||
| Sir John Priestman Charity Trust Trustees ofthe late JSFrazer |
2350 1000 |
2350 1000 |
2350 1000 |
||
| Trustees of Melville Weir deceased | 5000 | 5000 | 5000 | ||
| Donations | 2446 | 2446 | 1940 | ||
| Investment income |
|||||
| Dividends | 79022 | 79022 | 82198 | ||
| Bank interest | 30 | 30 | 33 | ||
| TOTAL INCOME | 89848 | 89848 | 92521 | ||
| EXPENDITURE | |||||
| Investment management fees |
4866 | 4866 | 5059 | ||
| Charitable activities |
|||||
| Education and clothing grants |
32466 | 32466 | 80293 | ||
| Support costs | 7523 | 7523 | 7523 | ||
| Governance costs |
810 | 810 | 810 | ||
| Other resources expended | 2. | 1872 | 1872 | 1872 | |
| 42671 | 42671 | 90498 | |||
| TOTAL EXPENDITURE | 47537 | 47537 | 95557 | ||
| NET (EXPENDITURE) BEFORE | |||||
| GAINS/LOSSES ON INVESTMENTS |
42311 | 42311 | (3036) | ||
| Gains/(losses) on investments |
(7385) | (69543) | (76928) | 226817 | |
| NET INCOME/(EXPENDITURE) | |||||
| AND MOVEMENT IN FUNDS |
34926 | (69543) | (34617) | 223781 | |
| TOTAL FUNDS AT1STJANUARY2020 | 122402 | 1682108 | 1804510 | 1580729 | |
| TOTAL FUNDS AT31STDECEMBER 2020 | 157328 | 1612565 | 1769893 | 1804510 |
| Investments | |||||
|---|---|---|---|---|---|
| 2020 | 2019 | ||||
| Market value | at 1st January | 2020 | 1861388 | 1674571 | |
| (Reduction) | in investments | (40000) | |||
| Net investment gains/(losses) |
(unrealised) | (42323) | 150256 | ||
| Net investment gains/ (losses) |
(realised) | (34605) | 76561 | ||
| Market value | at 31stDecember 2020 | 1784460 | 1861388 | ||
| Cost at 31st | December 2020 | 1708912 | 1703035 | ||
| Unrestricted | funds | ||||
| 2020 | 2019 | ||||
| General fund | 146872 | 111946 | |||
| Adamson Memorial Fund |
5866 | 5866 | |||
| Adamson Memorial Chapel |
Fund | 4590 | 4590 | ||
| 157328 | 122402 |
| Reconciliation of |
funds for th | e ear ended 31st Dece |
mber 2020 | ||
|---|---|---|---|---|---|
| Unrestricted | Permanent | Total | |||
| funds | endowment | ||||
| At 1st January 2020 | 122402 | 1682108 | 1804510 | ||
| Net movements | ofresources | in year | 34926 | (69543) | (34617) |
| Balance carried forward at 31stDecember 2020 | 157328 | 1612565 | 1769893 | ||
| Represented by: |
|||||
| Investments | 171895 | 1612565 | 1784460 | ||
| Net current assets | 36734 | 36734 | |||
| Deferred grants | payable | (51301) | (51301) | ||
| 157328 | 1612565 | 1769893 |