|Contents ofthe Financial
Statements|
|---|
|for the Year Ended 31 December 2020|
|||||Page||
|---|---|---|---|---|---|
|Report ofthe Trustees|||I|to|2|
|Independent
Examiner's||Report||||
|Statement ofFinancial||Activities||||
|Balance Sheet||||||
|Notes to the Financial|Statements||6|to|11|
|Detailed Statement of|Financial Activities||12|to|13|
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|||||2020|2019|
|---|---|---|---|---|---|
|||||Unrestricted|Total|
|||||fund|funds|
||||Notes|||
|INCOME AND ENDOWMENTS||FROM||||
|Donations
and legacies||||359|4,486|
|Other trading activities||||8,815|39,933|
|Investment
income||||17,649|25,873|
|Other income|||||536|
|Total||||26,823|70,828|
|EXPENDITURE ON||||||
|Raising funds||||4,768|36,336|
|Charitable
activities||||||
|Financial assistance||||21,112|26,250|
|Other||||2,037|4,352|
|Total||||27,917|66,938|
|Net gains/(fosses)
on investments||||(26,302)|46,177|
|NET INCOME/(EXPENDITURE)||||(27,396)|50,067|
|RECONCILIATION|OF FUNDS|||||
|Total funds brought|forward|||676,548|626,481|
|TOTAL FUNDS CARRIED FORWARD||||649,152|676,548|
||Balance Sheet
31 December 2020|||
|---|---|---|---|
|||2020|2019|
|||Unrestricted|Total|
|||fund|funds|
||Notes|||
|FIXEDASSETS||||
|Investments||584,898|614,435|
|CURRENT ASSETS||||
|Debtors||491|398|
|Cash at bank||64,393|62,525|
|||64,884|62,923|
|CREDITORS||||
|Amounts
falling due within one year||(630)|(810)|
|NET CURRENT ASSETS||64,254|62,113|
|TOTAL ASSETSLESSCURRENT||||
|LIABILITIES||649,152|676,548|
|NET ASSETS||649,152|676,548|
|FUNDS|10|||
|Unrestricted
funds||649,152|676,548|
|TOTALFUNDS||649,152|676,548|
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||||2020|2019|
|---|---|---|---|---|
|The annual||banquet|8,355|33,285|
|Annual|dinner dance||460|4,272|
|Golf||||2,376|
||||8,815|39,933|
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||||Notes|to the Financial|Statements - continued|Statements - continued||
|---|---|---|---|---|---|---|---|
||||for the Year Ended||31|December 2020||
|3.|INVESTMENT INCOME|||||||
|||||||2020|2019|
||Dividends
and interest on securities|||||17,597|25,747|
||Deposit account interest|||||52|126|
|||||||17,649|25,873|
|4.|RAISING FUNDS|||||||
||Other trading
activities|||||||
|||||||2020|2019|
||The annual
banquet||||||22,938|
||Annual
dinner dance|||||72|6,409|
||Golf|||||749|2,839|
|||||||821|32,186|
||Investment
management||costs|||||
|||||||2020|2019|
||Portfolio management|||||3,947|4,150|
||Aggregate
amounts|||||4,768|36,336|
||TRUSTEES' REMUNERATION|||AND BENEFITS||||
||There were no trustees'|remuneration||or other benefits||for the year ended 31 December 2020 nor for the
year||
||ended 31 December 2019.|||||||
||Trustees'
expenses|||||||
|||||||2020|2019|
||Trustees'
expenses|||||1,225|2,278|
|6.|COMPARATIVES FOR||THE STATEMENT OF||FINANCIAL ACTIVITIES|||
||||||||Unrestricted|
||||||||fund|
||INCOME AND ENDOWMENTS|||FROM||||
||Donations
and legacies||||||4,486|
||Other trading
activities||||||39,933|
||Investment
income||||||25,873|
||Other income||||||536|
||Total||||||70,828|
||EXPENDITURE ON|||||||
||Raising funds||||||36,336|
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||COMPARATIVES|FOR THE STATEMENT OF FINANCIAL ACTIV|ITIES - continued||
|---|---|---|---|---|
|||||Unrestricted|
|||||fund|
||Charitable
activities||||
||Financial assistance|||26,250|
||Other|||4,352|
||Total|||66,938|
||Net gains on investments|||46,177|
||NET INCOME|||50,067|
||RECONCILIATION|OF FUNDS|||
||Total funds brought|forward||626,481|
||TOTAL FUNDS CARRIED FORWARD|||676,548|
|7.|FIXEDASSET INVESTMENTS||||
|||||Listed|
|||||investments|
||MARKET VALUE||||
||At
1 January 2020|||614,435|
||Additions|||16,766|
||Disposals|||(21,191)|
||Revaluations|||(25,112)|
||At 31 December 2020|||584,898|
||NET BOOK VALUE||||
||At 31 December 2020|||584,898|
||At 31 December 2019|||614,435|
||Hist&a i&ral c&st at 31 De&embe&'7020 - f494,554 (2019 —0500712)||||
||||2020|2019|
||||6||
||Investment
assets in the UK||432,888|436,249|
||Investment
assets outside the UK||152,010|178,186|
||||584,898|614,435|
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|Investments
|ex|ceeding 5%by va|lue ofthe total portfolio;||||
|---|---|---|---|---|---|---|
||||||2020|2019|
||||||f.||
|Invesco Corporate Bond|||||53,204|50,847|
|Link Fund Sol||Ltd Capita Trojan|XInc||39,393|36,795|
|Gemcap - AHFM Defined Returns Fund IGBPInc|||||34,419|35,612|
|Rio Tinto|||||31,726||
|Ishares II PLC|||||31,682||
|International|Public Partnerships||||31,487|30,858|
|DEBTORS:|AMOUNTS FALLING DUE WITHIN ONE YEAR||||||
||||||2020|2019|
|Prepayments|||||491|398|
|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||||||
||||||2020|2019|
|Other creditors|||||630|810|
|MOVEMENT||IN FUNDS|||||
||||||Net||
||||||movement|At|
|||||At 1.1.20|in funds|31.12.20|
|Unrestricted|funds||||||
|General
fund||||676,548|(27,396)|649,152|
|TOTAL FUNDS||||676,548|(27,396)|649,152|
|Net movement||in funds, included|in the above are as follows:||||
||||Incoming|Resources|Gains and|Movement|
||||resources|expended|losses|in funds|
|Unrestricted|funds||||||
|General
fund|||26,823|(27,917)|(26,302)|(27,396)|
|TOTAL FUNDS|||26,823|(27,917)|(26,302)|(27,396)|
##
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|||||Net||
|---|---|---|---|---|---|
|||||movement|At|
||||At 1.1.19|in funds|31.12.19|
|Unrestricted||funds||||
|General|fund||626,481|50,067|676,548|
|TOTAL|FUNDS||626,481|50,067|676,548|
||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|
||||resources|expended|losses|in funds|
|Unrestricted||funds|||||
|General|fund||70,828|(66,938)|46,177|50,067|
|TOTAL|FUNDS||70,828|(66,938)|46,177|50,067|
|||||Net||
|---|---|---|---|---|---|
|||||movement|At|
||||At 1.1.19|in funds|31.12.20|
|Unrestricted||funds||||
|General|fund||626,481|22,671|649,152|
|TOTAL|FUNDS||626,481|22,671|649,152|
||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|
||||resources|expended|losses|in funds|
|Unrestricted||funds|||||
|General|fund||97,651|(94,855)|19,875|22,671|
|TOTAL|FUNDS||97,651|(94,855)|19,875|22,671|
##
##
|||Detailed|Statement ofFinancial Activities|||
|---|---|---|---|---|---|
|||for the|Year Ended 31 December 2020|||
|||||2020|2019|
||||||8|
|INCOME AND ENDOWMENTS||||||
|Donations
and legacies||||||
|Donations||||359|4,486|
|Other trading activities||||||
|The annual
banquet||||8,355|33,285|
|Annual
dinner dance||||460|4,272|
|Golf|||||2,376|
|||||8,815|39,933|
|Investment
income||||||
|Dividends
and interest on|securities|||17,597|25,747|
|Deposit account interest||||52|126|
|||||17,649|25,873|
|Other income||||||
|Other income|||||536|
|Total incoming
resources||||26,823|70,828|
|EXPENDITURE||||||
|Other trading activities||||||
|The annual
banquet|||||22,938|
|Annual
dinner dance||||72|6,409|
|Golf||||749|2,839|
|||||821|32,186|
|Investment
management|costs|||||
|Portfolio management||||3,947|4,150|
|Charitable
activities||||||
|Grants to institutions|||||2,250|
|Grants to individuals||||21,112|24,000|
|||||21,112|26,250|
|Other||||||
|Trustees' expenses||||1,225|2,278|
|Support costs||||||
|Management||||||
|Postage and stationery||||92|546|
|Sundries||||90|705|
|||||182|1,251|
##
||||Detailed Statement ofFinancial Activities|||
|---|---|---|---|---|---|
||||for the Year Ended 31 December 2020|||
|||||2020|2019|
|Management||||||
|Finance||||||
|Bank charges|||||13|
|Governance|costs|||||
|Accountancy|and legal fees|||630|810|
|Total resources|expended|||27,917|66,938|
|Net (expenditure)/income|||before gains and|||
|losses||||(1,094)|3,890|
|Realised recognised||gains and losses||||
|Realised gains/(losses)||on fixed asset investments||(1,190)|(981)|
|Net (expenditure)/income||||(2,284)|2,909|