| Unrestricted | Endowment | Total Funds | Total Funds | ||||
|---|---|---|---|---|---|---|---|
| Notes | Fund F |
Fund f |
2020 F |
2019 F |
|||
| Income and endowments | |||||||
| Investment Income: |
|||||||
| Dividends - UK 8 Overseas |
Equities | 7,173 | 18,729 | 25,902 | 36,262 | ||
| Interest —UK &Overseas | Fixed Interest | 3,487 | 9,644 | 13,131 | 20,630 | ||
| Interest on cash deposits | 45 | 45 | 105 | ||||
| Donations | 195 | ||||||
| Total income | 10,705 | 28,373 | 39,078 | 57,192 | |||
| Expenditure | |||||||
| Cost of raising funds: | |||||||
| Investment management |
costs | 1,987 | 5,465 | 7,452 | 7,783 | ||
| Expenditure on charitable |
activities: | ||||||
| Conference | 310 | 310 | |||||
| Grants to institutions | 103,300 | 103,300 | 143,450 | ||||
| Support costs | 6,428 | 6,428 | 12,856 | 13,640 | |||
| Total expenditure | 112,025 | 11,893 | 123,918 | 164,873 | |||
| Net (expenditure)/income | |||||||
| before investment gains/(losses) |
(101,320) | 16,480 | (84,840) | (107,681) | |||
| Net losses/(gains) on investments |
(9,120) | (26,710) | (35,830) | 247,895 | |||
| Net income/(expenditure) | (110,440) | (10,230) | (120,670) | 140,214 | |||
| Transfers between funds |
74,945 | (74,945) | |||||
| Net movement in funds |
(35,495) | (85,175) | (120,670) | 140,214 | |||
| Reconciliation offunds |
|||||||
| Total funds brought forward |
529,405 | 1,410,727 | 1,940,132 | 1,799,918 | |||
| Total funds carried forward | F493,910 | F1,325,552 | F1,819,462 | f1,940,132 |
| Notes | 2020 | 2019 | |
|---|---|---|---|
| FIXEDASSETS | |||
| Investments | 1,813,730 | 1,917,012 | |
| CURRENT ASSETS | |||
| Debtors | 1,139 | ||
| Cash at bank —current account | 1,000 | 1,000 | |
| Cash at bank —deposit account | 6,666 | 22,781 | |
| 7,666 | 24,920 | ||
| LIABILITIES | |||
| Creditors: amounts falling due within one year |
7 | 1,934 | 1,800 |
| NET CURRENT ASSETS | 5,732 | 23,120 | |
| TOTAL ASSETSLESS CURRENT LIABILITIES | 1,819,462 | 1,940,132 | |
| Provisions for liabilities and charges |
|||
| NET ASSETS | 10 | F1,819,462 | F1,940,132 |
| The funds ofthe Charity | |||
| Endowment funds —Permanent |
1,325,552 | 1,410,727 | |
| Unrestricted income funds |
493,910 | 529,405 | |
| TOTAL CHARITY FUNDS | F1,819,462 | F1,940,132 |
| Unrestricted | Endowment | Total | |||
|---|---|---|---|---|---|
| Fund | Fund | 2019 | |||
| F | F | ||||
| Dividends - UK and Overseas Equities Interest- UK And Overseas Fixed Interest Interest on cash deposits |
9,859 5,430 105 |
26,403 15,200 |
36,262 20,630 105 |
||
| 615,394 | 41,603 | 656,997 | |||
| SUPPORT COSTS | |||||
| 2020 | 2019 | ||||
| Secretary's salary and expenses Office rent Room hire and sundry Webstte costs Governance |
8,572 2,250 92 |
8,510 1,161 816 624 |
|||
| Trustees' expenses Auditor's remuneration |
112 1,830 |
729 1,800 |
|||
| F12,856 | F13,640 |
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Shares in public |
limited companies | 848,894 | 924,901 | ||
| Unit Trusts | 417,882 | 403,657 | |||
| Fixed Interest | 528,360 | 563,544 | |||
| 1,795,136 | 1,892,102 | ||||
| Cash held by Quilter Cheviot | 18,594 | 24,910 | |||
| f1,813,730 | 61,917,012 | ||||
| Historical cost | f1,334,360 | F1,402,460 | |||
| The investments | are held in | the UIC | |||
| The movement | in market value during | the year was: | |||
| Market value at | 1 January 2020 | 1,917,012 | 1,784,433 | ||
| Disposals at cost | (167,371) | (170,255) | |||
| Acquisitions at cost |
105,590 | 97,365 | |||
| Change in value |
in the year | (35,185) | 212,991 | ||
| (Decrease) in cash awaiting |
investment | (6,316) | (7,522) | ||
| Market value at | 31 December 2020 | 61,813,730 | 61,917,012 |
| DEBTORS | ||||||
|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||
| E | ||||||
| Prepayments | 310 | |||||
| Outstanding | dividends | and | other | debtors | 829 | |
| ENIL | 61,139 |
| The investment fund |
and application oftotal |
return | to | 2020 | 2019 |
|---|---|---|---|---|---|
| permanent endowment funds; |
F | ||||
| Unapplied total return Add: Investment return: Dividends and interest |
1,210,727 28,373 |
1,111,727 41,603 |
|||
| Realised and unrealised |
gains/(losses) | (26,710) | 183,803 | ||
| 1,212,390 | 1,337,133 | ||||
| Less: Investment management costs |
(5,465) | (5,708) | |||
| Support costs | (6,428) | (6,820) | |||
| Unapplied total return |
before transfer to income | 1,200,497 | 1,324,605 | ||
| Less: Unapplied total |
return applied |
(74,945) | (113,878) | ||
| Subtotal: Unapplied |
total return as at 31 December 2020 | 1,125,552 | 1,210,727 | ||
| Original value of gift |
200,000 | 200,000 | |||
| Permanent endowment including unapplied |
total | return as at | 61,325,552 | 61,410,727 | |
| 31 December 2020 |
| Charitable | |||||||
|---|---|---|---|---|---|---|---|
| Commitments | |||||||
| Accrued | |||||||
| 2020 | 2019 | ||||||
| 6 | 8 | ||||||
| Material provisions | and movement | in provisions | during the year | ||||
| Commitments | outstanding | at 1 January 2020 | |||||
| New commitments | charged | to the SOFA in the year | 103,300 | 143,450 | |||
| Grants paid | in the year | (103,300) | (143,450) | ||||
| Amount of the commitments | at 31 December 2020 | FNIL | fNIL |
| ANALYSIS OF NET ASSETS BETW | EEN FUNDS | ||
|---|---|---|---|
| Unrestricted | Endowment | ||
| Fund | Fund | Total | |
| 8 | 8 | ||
| Investments | 488,178 | 1,325,552 | 1,813,730 |
| Current assets | 7,666 | 7,666 | |
| Creditors | (1,934) | (1,934) | |
| F493,910 | 61,325,552 | f1,819,462 |
| Unrestricted | Endowment | ||
|---|---|---|---|
| Fundf | Fund | Total | |
| Investments | 506,285 | 1,410,727 | 1,917,012 |
| Current assets | 24,920 | 24,920 | |
| Creditors | (1,800) | (1,800) | |
| 8529,405 | 1,410,727 | F1,940,132 |