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|||||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|
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||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|
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||||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|
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|||||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|
##
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|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||||||
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|||||||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|
##
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|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|