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|||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|
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|||||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|
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##
|||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|
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||||||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|
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||||||||||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|
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|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|
##
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|||||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)|
##
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||||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)|