## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||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|Other: 0 grant (2020:2)|||||8,200| |Total: 29 grants (2020:38)|||264,702||246,137| |Returned/withdrawn: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| ## ## ## |10|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)||||||| ## ##