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