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2021-03-31-accounts

Page
Reference and Administrative
Details
Trustees" Report 2 to 4
Report ofthe Independent
Auditors		 5 to 7
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements 10 to 16
Detailed Statement of Financial Activities 17 to 1B

2021 2020
Unrestricted Total
fund funds
Notes
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 2127 4,000
Investment
income		 37220 95,105
Total 39,347 99,105
EXPENDITURE ON
Raising funds 18,043 20,658
Charitable
activities
Grants and scholarships 366,268 421,762
Total 384,311 442,420
Net gains/(losses)
on		 investments 586,688 ~1,130)
NET INCOME/(EXPENDITURE) 241,724 (344,445)
RECONCILIATION
OF FUNDS
Total funds brought forward 3,745,778 4,090,223
TOTAL FUNDS CARRIED FORWARD 3687 502 3 745,778

2021 2020
Unrestricted Total
fund funds
Notes f
FIXEDASSETS
Investments 4,007,002 4,338,709
CURRENT ASSETS
Debtors 10 2,861 5,011
Cash at bank 725 377 277,745
728,238 282,756
CREDITORS
Amounts
falling due within one year		 (411,962) (392,467)
NET CURRENT ASSETS 316276 ~109,711f
TOTAL ASSETS LESSCURRENT
LIABILITIES 4,323,278 4,228,998
CREDITORS
Amounts
falling due after more than one year		 12 (335,776) (483,220)
NET ASSETS 3987502 3,745,778
FUNDS
Unrestricted
funds		 3987502 3745778,
TOTAL FUNDS 3987502 3,745,778

2021 2020
UK listed investment
income
Bank interest receivable		 37,220 95,104
1
37220 05,105
RAISING FUNDS
Investment
management		 costs
2021 2020
Portfolio management 18043 20,658
CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities Support
(see note costs (see
5) note 6) Totals
E
Grants and scholarships 330 665 20803 366288

2021 2020
Grants and scholarships 339665 395,502
The total grants paid to institutions during the year was as follows:
2021 2020
JFSSchool
JCoSS
JW3 - Gateways		 Programme 5,000
5,000
100000
110000
The total grants paid to individuals during the year was as follows:
2021 2020
Finnart Scholarship to individual students 229885 390,502
6. SUPPORT COSTS
Governance
Other costs Totals
E
Grants and scholarships 21 143 5460 26803
Support costs, included in the above, are as follows:
2021 2020
Grants
and Total
scholarships activities
F
Administration
Bank charges		 fee 21,000
143		 21,000
60
Auditors'
remuneration
Accountancy
and legal		 fees 3,060
2400		 2,800
2400
26603 26260

There
were
no
trustees'
expenses
paid
for the year ended
31 March 2021 n
31 March 2020.		 There
were
no
trustees'
expenses
paid
for the year ended
31 March 2021 n
31 March 2020.		 or for the year ended
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 4,000
Investment
income		 95 105
Total 99,105
EXPENDITURE ON
Raising funds 20,658
Charitable
activities
Grants and scholarships 421,762
Total 442,420
Net gains/(losses)
on investments		 ~1,1301
NET INCOMEI(EXPENDITURE) (344,445)
RECONCILIATION
OF FUNDS
Total funds brought
forward		 4,090,223
TOTAL FUNDS CARRIED FORWARD 3,745,778

FIXEDASSET INVESTMENTS
Listed
investments
MARKET VALUE
At 1 April 2020 4,338,709
Disposals
Revaluations		 (918,395)
586 688
At 31 March 2021 4 007002
NET BOOK VALUE
At 31 March 2021 4007002
At 31 March 2020 4,338,709

Analysis
of investments		 at 31 March 2021
2021 2020
UK quoted fixed interest securities 515,453 659,658
UK quoted shares 2,976,822 3,157,289
Property
funds		 514,727 521,762
4,007,002 4,338,709
10. DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
Prepayments
and accrued income		 ~2861 5,011

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
Grant commitments 374,495 371,166
Other Creditors 18,204 2,038
Accrued expenses 19263 19,263
411962 392,467
12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
Grant commitments 335776 483,220
13. MOVEMENT
IN FUNDS
Net
movement At
At 1,4.20 in funds 31.3.21
Unrestricted
funds
General
fund		 3,745,778 241,724 3,987,502
TOTAL FUNDS 3 745778 241 724 3987502
Net mov ement in funds,
included		 in the above are as follows :
Incoming Resources Gains and Movement
resources expended losses in funds
Unrestricted funds
General fund 39,347 (384,311) 586,688 241,724
TOTAL FUNDS 39347 ~384311) 586688 241 724

Net
movement At
At 1,4.19 in funds 31.3.20
Unrestricted funds
General fund 4,090,223 (344,445) 3,745,778
TOTAL FUNDS 4090223 ~344 445) 3745775
Compar ative net movement
in fun		 ds,
included
in the above		 are as follows:
Incoming Resources Gains and Movement
resources expended losses in funds
Unrestricted funds
General fund 99,105 (442,420) (1,130) (344,445)
TOTAL FUNDS 99 105 L442,420) ~1,130) ~344,445)

2021 2020
P P.
INCOME AND ENDOWMENTS
Donations
and legacies
Donations 2,127 4,000
Investment
income
UK listed investment income 37,220 95,104
Bank interest receivable 1
3T220 95,105
Total incoming
resources		 39,347 99,105
EXPENDITURE
Investment
management		 costs
Portfolio management 18,043 20,658
Charitable
activities
Grants to institutions 110,000 5,000
Grants to individuals 220 BB5 300 502
339,665 395,502
Support costs
Other
Administration
fee		 21,000 21,000
Bank charges 143 60
21,143 21,060
Governance
costs
Auditors'
remuneration		 3,060 2,800
Accountancy
and legal fees		 2400 2,400
5460 5,200
Total resources expended 364311 442 420
Net expenditure
before gains and losses		 (344,984) (343,315)
Realised recognised gains and losses
Carried
forward		 (344,984) (343,315)

2021 2020
E
Realised recognised gains and losses
Brought forward
Realised gains/(losses)		 on fixed asset (344,964) (343,315)
investments 586 688 ~1,130)
Net incornel(expenditure) 241 724 f344,445)