2021-03-31-accounts - The Frieda Scott Charitable Trust

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					Expendable	Expendable	Restricted		General		Total		Total
				Notes	endowment		Fund	unrestricted			2021		2020
Income
Investment income				2					152,702		152,702		294,921
Donation				17			45000				45,000
Total Income							45,000		152,702		197,702		294921
Expenditure
Costs ofraising funds
Investment management		costs		3	-	41 592			432	—	42,024	-	42 893
Expenditure on charitable		activities
Grant making
Grants committed				4/18					261,202	-	261,202	-	242,637
Grant related support/governance			costs	4					46,203	-	46,203	-	37858
Total expenditure									307405	-	307,405	-	280495
Net (expenditure)/income		before
gains/(losses) on	investments					41,592	45,000	-	155,135	-	151,727	-	28,467
Net gains/(losses)	on investments			11		1,999,649			21 248		2,020 897	-	986723
Net movement in	funds					1,958,057	45,000	-	133,887		1,869,170	-	1,015,190
Reconciliation of/unde
Total funds brought	forward					8,828,685			256,239		9,084,925		10,100,114
Total funds carried forward				16	10,786,743		45,000		122,352		10,954,095		9,084,925

Grants committed The value ofgrants committed in the year, including			2021 F		2020f
cancelled grants, comprises:
Cancelled grant: 0 grants (2020:1)					3,500
Children &young people: 6grants (2020:7)			31,948		35,500
Family support: 1 grant (2020: 1)			5,000		5,000
Community support: 11grants (2020:15)			113,500		123,264
Disabilities: 0 grant (2020:2)					11,000
Village halls: 5 grants (2020:6)			14,500		19,500
Prevention &rehabilitation: 1 grant (2020:0)			19,500
Mental health: 3grants (2020:4)			45,254		28,500
Abuse survivors: 2 grants (2020:1)			35,000		11,673
Other: 0 grant (2020:2)					8,200
Total: 29 grants (2020:38)			264,702		246,137
Returned/withdrawn: 1 grant (2020:1)			3,500	-	3,500
Details ofthe recipients are shown in note 19.			261,202		242,637
Support costs (note 5)			37,943		30,648
Governance costs (note 5)			8,260		7,210
			46,203		37,858
			307,405		280,495
	2021		2020
	F	8
Reconciliation ofgrants payable:
Commitments at beginning ofyear		42,746			60,472
Commitments made in the year	264,702		246,137
Grants cancelled in the year	3,500		3,500
Grants committed in the year		261,202			242,637
Grants paid during the year	-	218,274			260,363
Grants repaid during the year
Net Commitments at 31 March		85,673			42,746
Commitments at 31 March
are payable as follows:
Within one year (note 14)		61,819			42,746
After more than one year (note 15)		23,854
		85,673			42,746

Cost Type		Total	Support		Basis of
		Allocated	Costs	Governance	Apportionment
		E	E.	E
Staff costs		26,504	23,854	2,650	Staff time
Office rental	snd costs	6,225	5,602	622	Staff time
Professional	fees	8,905	8,015	891	Usage
Sundry expenses		525	473	53	Usage
		42,159	37,943	4,216
Governance	costs
			2021	2020
			E	E
Support allocated
Staff costs Governance			2,650	3,643
Oltice rental	and costs		622	781
Professional	fees		891
Sundry			53
Auditors' remuneration			3,420	2,220
Travel expenses				313
Trustees' meetings				253
Stall training			624
			8,260	7,210

ActiviTies is shown in the table below	:
Cost Type	Total	Support		Basis of
	Agocated	Costs	Governance	Apportionment
		E	E
Staff costs	26,850	23,207	3,643	Staff time
Oflice rental snd costs	7,806	7,025	781	Staff time
Trustee training	380	380		Usage
Sundry expenses	36	36		Usage
	35,072	30,648	4,424

	2021	2020
	E	F
Salaries	23,337	23,570
Social security costs	1,057	976
Pension costs	2,110	2,304
	26,504	26,850

Gomparatives for Statement ofFinancial Activities and Balance Sheet figures	Gomparatives for Statement ofFinancial Activities and Balance Sheet figures	Gomparatives for Statement ofFinancial Activities and Balance Sheet figures	Gomparatives for Statement ofFinancial Activities and Balance Sheet figures	Gomparatives for Statement ofFinancial Activities and Balance Sheet figures
Statement ofFinancial Activities
			Expendable	Restricted	General		Total
			endowment	Fund	unrestricted		2020
Income
Investment income					294,921		294,921
Total income					294,921		294,921
Expenditure
Costs ofraising funds
Investment management	costs		42,353		540	-	42,893
Expenditure on charitable	activities
Grant making
Grants committed					242,637		242,637
Grant related support/governance		costs			37,858		37,858
Total expenditure					280,495	-	280,495
Net expenditure before	losses on	investments	42,353		13,886	-	28,467
Nel losses on investments			974,290		12,433	-	986,723
Net movement in funds			1,016,643		1,453	-	1,015,190
Reconciliation offunds
Total funds brought forward			9,845,328		254,786		10,100,114
Total funds carried forward			8,828,685		256,239		9,084,925

	Balance Sheet
							Expendable		Restricted	General		Total
							endowment		Fund	unrestricted		2020
	Fixed assets
	Investments							8839094		116535		8,955629
	Current assets
	Debtors									2,195		2,195
	Cash									184,642		184,642
										186,837		186,837
	Creditors: Amounts	falling	due within			one yea -		10,409		47,133	-	57,542
	Net current (llablgtles)/assets							10409		139704		129,295
	Creditors: Amounts	falling	due after
	more than one year
	Total net assets/(liabgities)							8,828,685		256,239		9,084,924
	Total charity funds							8,828,685		256,239		9,084,924
11	Investments
										2021		2020
										E		5
	Market value at beginning		ofyear							8,899,253		9,999,729
	Acquisitions atcost									3,309,083		2,410,157
	Disposal proceeds									3,481,695	-	2,523,910
	Net profit/(loss) on revaluation									2,020,897	-	986,723
	Market value at end	ofyear								10,747,538		8,899,253
	Uninvested cash and	settlements			pending					166,126		56,376
										10,913,663		8,955,629
										2021f		2020f
	Expendable Endowment									10,796,942		8,838,798
	Income Invested Fund									116,721		116,831
	As agreed by Trustees, the		investment			porlfolios		were combined	as at 31 March 2020 and the		separate
	valuations are now accounted			for on a		percentage		basis - Endowment 98.97%.Income Invested				Fund 1.03%.
	(2020:Endowment 98.74%,		Income Invested				Fund: 1.26%).

(2020:Endo	wment 98.74%, Income Invested Fund: 1.2	6%).
		2021	2020
			F
UK equities		1,432,611	2,292,820
International	equities	5,786,015	3,480,177
Multi asset	funds	1,044,747	1,105,438
Bonds		892,822	728,124
Property		723,572	904,860
Other alternatives		504,533	258,696
Cash instruments		363,238	129,138
			8,8
Historical cost at end ofyear		8,965,858	8,668,197

Analysis o	ffund	mo	vements
				Balance at	Incoming	Resources				Transfers		Gain on	Balance at
				31stMarch	resources		expended					Investments	31stMarch
				2020	6		6						2021f
Expendable	endowment
Held asinvestments				8,828685			41,592					1,999,649	10,786,743
Restricted	fund				45,000								45,000
General unrestricted			fund
Designated	funds
Income invested		fund
Contingency	reserve
				192,797	—	-		432	-	16,768		21,248	196,844
Free reserves
Income reserves				63,442	152,702	-	307,405			16,768			74,492
				256,239	152,702	-	307,837					21,248	122,352
				9,084 925	197,702	-	349,429					2,020,897	10,954,095
				Balance at	Incoming	Resources				Transfers		Loss on	Balance at
				31stMarch	resources		expended				Investments		31st March
				2019									2020
				6	5		6					6	5
Expendable	endowment
Held as investments				9845328			42	353				974290	8,828,685
General unrestricted			fund
Designated	funds
Income invested		fund		145,487	-	-		540	-	15,836	-	12,433	116,678
Contingency	reserve
				221,606	—	-		540	—	15,836	—	12,433	192,797
Free reserves
Income reserves				33180	294 921	—	280	495		15836			63442
				254,786	294,921	-	281,035					12,433	256,239
				10,100,114	294,291	-	323,388					g86,723	9084925


Grants				Commitments		Commitments
				made in year		made	in year
				ended		ended
				31 March	2021	31 March 2020
							8
Abuse Survivors
Springfield				15,000
The Birchall Trust				20,000			11,673
All recipients				35,000			11,673
Number (excluding	refunds and cancellations)
Children 8 Young	People
Cumbriia Youth Alliance							2,000
Feature Youth Club							3,000
Friends ofArtspace Kendal Lads and Girls Club					1,158		500
Kent Estuary Youth	Project						13,000
Kepplewray Trust				7,500
Kirkby Lonsdale Play Partnership				3,500
Natland &Oxenholme Pre-School				2,522
South Cumbria Musical Festival							3,500
St.Mary's Hospice,	Ulverston			16,768
The BeeTeam, Heron Hill School							10,000
Windermere Park for All							3,500
Xenolith Explorer Scout Unit					500
All recipients				31,948			35,500
Number (excluding	refunds	and cancellations)			6		7
Family Support
South Cumbria Breasffeeding			Support		5,000
The Bluebell Foundation							5,000
All recipients					5,000		5,000
Number (excluding	refunds	and cancellations)

Grants (continued)
				Commitments		Commitments
				made in	year	made	in year
				ended		ended
				31March	2021	31 March		2020
				5			5
Community Support
Action with CommuniTies in	Cumbria				5,000
Age UK South Lakeland					20,000
Appleby Emergency Response		Group						1,500
Bay Search &Rescue								20,000
Bendrigg Trust					15,000
Blackwall Sailing					37,500
Carer Support South Lakes					11,000			13,000
Child Bereavement UK								5,000
Crake Valley Croquet Club								3,499
Cumbris Community Foundation								20,000
Duddon and Fumess Mountain		Rescue Team			10,000
Friends ofArtspace					1,000
Friends ofX112					3,500
Gateway Church					3,500
Kendal Dementia Action Agisnce								5,000
Kendal People's Cafd &Food Hub								10,000
Levens Good Neighbours								720
Manna House, Kendsl								35,000
Patterdale King George v Playing Queen's Park Bowling Club			Field Foundation		3,500			3,500 500
Rookhow Quaker Meeting House			8 Bunkbam					1,510
Shop Community Action Group StGeorge's Church PCC - Kendal					3,500			2,035
With Singing in Mind								2,000
Ag recipients				113,500			123,264
Number (excluding refunds	and	cancellations)						15
Village Halls
Burton Memorial Hall								2,000
Firbank Church Hall					3,500
Glenridding Public Hall Charity								3,500
Kirby Community Centre								3,500
Kirby Stephen Methodist Church								3,500
Long Marton Vigsge Institute								3,500
Newbig gin on Luna Public Hsg					3,500
New Hutton Institute								3,500
Stsinton Institute					3,500
Temple Sowerby Victory Hall					2,000
Victoria Hall Support Group					2,000
All recipients					14,500			19,500
Number (excluding refunds	and	csncegations)