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2020-12-31-accounts

Page
Report ofthe Trustees
Report ofthe Independent
Auditors
Statement ofFinancial Activities
Balance Sheet
Notes to the Financial Statements 10
Detailed Statement of Financial Activities 20

for the year ended 31stDecem ber 2020
2020 2019
Unrestricted Restricted Total Total
Notes fund
E		 fundf funds
5		 funds
5
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 2 8,792 300 9,092 1,536
Investment
income		 3 36668 36,668 53,461
Total 45,460 300 45,760 54,997
EXPENDITURE ON
Raising funds 4 9,628 9,628 11,759
Charitable
activities
Costs ofactivities
in		 furtherance of the
charity's objects 73,328 1,000 74,328 92,146
Total 82,956 1,000 83,956 103,905
Net gains/(losses)
on investments		 ~59,355 59,350 117,401
NET INCOME/(EXPENDITURE) (96,846) (700) (97,546) 68,493
Transfers
between		 funds 13 3494 ~3,494I
Net movement
in funds		 (93,352) (4,194) (97,546) 68,493
RECONCILIATION
OF FUNDS
Total funds brought forward 1,346,080 7,038 1,353,118 1,284,625
TOTAL FUNDS CARRIED FORWARD 1,252,728 2,844 1,255,572 1,353.118

31stDecember 2020
2020 2019
Unrestricted Restricted Total Total
fund fund funds funds
Notes E 6
FIXEDASSETS
Tangible assets 9 76,826 76,826 78,368
Investments 18 1138848 1 138849 1 218976
1,216r$75 1,216,475 1,297,344
CURRENT ASSETS
Debtors
Cash at bank and		 in hand 11 6,131
38 13$		 2 844 6,131
41 983		 4,409
60,842
45,270 2,844 48,114 65,251
CREDITORS
Amounts
falling due within one year		 12 (9,017) (9,017) (9,477)
NET CURRENT ASSETS 36253 2,844 39,097 55,774
TOTAL ASSETS LESSCURRENT
LIABIUTIES 1,252,726 2,844 1,255,572 1,353,118
NET ASSETS 1 252 728 , , 2 944 1 2~86 672 1,353,118
FUNDS 13
Unrestricted
funds		 1,252,728 1,346,080
Restricted funds 2.844 7938
TOTAL FUNDS 1255572 , 13.53118

estimated useful
life.		 useful
life.
Freehold property 1%on cost
Improvements to property 1%on cost
Fixtures and fittings 25% on cost and 10%on cost

RAISING FUNDS RAISING FUNDS
Investment
management
costs
2020 2019
K E
Porffolio management ~9628 11,759
All ofthe expenditure above was attributable to unrestricted funds.
NET INCOME/(EXPENDITURE)
Net income/(expenditure)
is stated after charging/(crediting):
2020 2019
f
Auditors'
remuneration		 2,983 2,760
Auditors'
remuneration		 for non audit work 2,225 2,352
Depreciation
-owned		 assets 1,605 2,429
(Profit)/loss
on fair value movements		 ~59,350) 117,401

2020 2019
2 K
Wages and salaries 28,939 27,303
Other pension costs 1,200 1,200
30,139 28,503
The average The average monthly number ofemployees during the year was as follows:
2020 2019
Charitable activities 3 3

for t he year ended 31stDecember 2020 he year ended 31stDecember 2020 he year ended 31stDecember 2020
8. COMPARATIVES
FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
E
INCOME AND ENDOWIIIIENTS FROM
Donations
and legacies		 1,536 1,536
Investment
income		 53,461 53,461
Total 54,997 54,997
EXPENDITURE ON
Raising funds 11,759 11,759
Charitable
activities
Costs ofactivities
in furtherance		 ofthe
charity's objects 91,481 665 92,146
Total 103,240 665 103,905
Net gains on investments 117,401 117,401
NET INCOME/(EXPENDITURE) 69,158 (665) 68,493
RECONCILIATION
OF FUNDS
Total funds brought
forward		 1,276,922 7,703 1,284,625
TOTAL FUNDS CARRIED FORWARD 1.348.080 7,038 1,353.118

9. TANGIBLE FIXEDASSETS
Improvements Fixtures
Freehold to and
property property fittings
F E 5
COST
At 1st January 2020 62,326 55,744 52,131
Additions
At 31st December 2020 62,326 55,744 52,131
DEPRECIATION
At 1st January 2020 28,394 12,620 51,556
Charge for year 623 522 360
At 31stDecember 2020 29,017 13,142 51,916
NET BOOK VALUE
At 31st December 2020 33,309 42,602 215
At 31st December 2019 33,932 43,124 575
Motor Computer
vehicles equipment Totals
F 5 E
COST
At 1stJanuary 2020 19,974 2,119 192,294
Additions 63 63
At 31stDecember 2020 19,974 2,182 192,357
DEPRECIATION
At 1stJanuary 2020
Charge for year		 20,191
~217)		 1,165
317		 113,926
1,605
At 31stDecember 2020 19,974 1,482 115,531
NET BOOK VALUE
At 31st December 2020 700 ~76 826
At 31st December 2019 ~217) 954 78,368

FIXEDASS ET INVESTMENTS
Listed
investments
E
MARKET VALUE
At 1stJanuary 2020 1,218,976
Additions 180,460
Disposals
Revaluations		 (200,095)
~69,692)
At 31st December 2020 1,139,649
NET BOOK VALUE
At 31st December 2020 1 129669
At 31st December 2019 1,219916
2020 2019
6 E
Historical cost at 31stDecember 972,371 977,934
2020 2019
Analysis of investments 8 E
Government securities 66,003 60,109
Other fixed interest securities 214,277 203,535
Equities 623,101 717,461
Unit Trusts 236,268 237,871
1,139,649 1,218,976
There were n o inv estment assets outside the UK.
2020 2019
Investments exceeding 5%ofvalue of porffolio 8 E
Standard
Life		 Investment Co 79,944 76,528
Lyxor International Asset Management 90,240 49,691
SSgASPDRETFs Europe I Pic 57,544 60,784
227,728 187,003


Registered
Charity
Registered
Charity
Notes to the Financial Statements - continued
for the year ended 31stDecember 2020
11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020
f		 2019
f
Other debtors ~6131 4,409
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020
f		 2019
f
Social security and other taxes 831 807
Other creditors 8,186 8670
9,017 9,477
13. MOVEMENT
IN FUNDS
Net Transfers
movement between At
At 1.1.20
f		 in funds
f		 funds
f		 31.12.20
f
Unrestricted
funds
General
fund		 1,346,080 (96,846) 3,494 1,252,728
Restricted funds
T Smith Legacy 7,038 (700) (3,494) 2,844
TOTAL FUNDS 1353113 ~97,545) - 1,255,572
Net mov ement
in funds,
included		 in the above are as follo ws:
Incoming Resources Gains and Movement
resources
f		 expended
f		 losses
f		 in funds
f
Unrestricted
funds
General fund 45,460 (82,956) (59,350) (96,846)
Restricted funds
T Smith Legacy 300 (1,000) (700)
TOTAL FUNDS 45,760 ~83956 (59,350) ~97 546

Comparatives for movement
in funds
Net
movement At
At 1.1.19 in funds 31.12.19
8 6 f
Unrestricted funds
General fund 1,276,922 69,158 1,346,080
Restricted funds
T Smith Legacy 7,703 (665) 7,038
TOTAL FUNDS 1 284 625 68,453 1,353,118
Compara tive
net movement
in fu		 nds,
included
in the abov		 e are as follows:
Incoming Resources Gains and Movement
resources expended losses in funds
6 E F E
Unrestricted
funds
General fund 54,997 (103,240) 117,401 69,158
Restricted funds
T Smith Legacy (665) (665)
TOTAL FUNDS 54,997 ~103905) 117,401 68,493

for the year ended 31 stD ec ember 2020
2020 2019
5 5
INCOME AND ENDOWMENTS
Donations
and legacies
Donations 9,092 1,536
Investment
income
Fixed asset investment income 36,668 53,461
Total incoming resources 45,760 54,997
EXPENDITURE
Investment
management		 costs
Portfolio management 9,628 11,759
Charitable
activities
Wages 28,939 27,303
Pensions 1,200 1,200
Rates and water 916 1,370
Insurance 4,974 5,010
Light and heat 10,470 9,235
Travelling
and minibus expenses		 1,739 1,684
Socials 125 422
Interpreter
services		 50 930
Insurance
- personal accident		 44 503
Repairs and maintenance 5,426 22,793
Cleaning 10,723 8,870
Depreciation
offreehold		 property 623 623
Depreciation
of improvements		 to property 522 522
Depreciation
offixtures and		 fittings 360 1,168
Depreciation
of motor vehicles		 (218)
Computer
equipment		 317 113
66,210 81,746
Support costs
Governance costs
Auditors'
remuneration		 2,983 2,760
Auditors'
remuneration		 for non audit work 2,225 2,352
Insurance
- Professional		 Indemnity 269 247
Telephone 1,376 2,482
Postage and stationery 166 359
Other expenses 1,099 2,200
8,118 10,400

for the year en ded 3 1stDecember 2020
2020 2019
5 K
Total resources expended 83,956 103,905
Net expenditure before gains and losses (38,196) (48,908)
Realised recognised gains and losses
Realised gains/(losses) on fixed asset
investments 14,415 222
Net expenditure /23,781) ~48,686)