| Notes | 2020 | 2019 | ||
|---|---|---|---|---|
| 8 | ||||
| INCOME AND EXPENDITURE | ACCOUNT | |||
| Income: | ||||
| Donations and legacies |
50,727 | 200 | ||
| Investment income |
||||
| COIF Charities Investment | Fund income | 10,985 | 10,919 | |
| COIF Charities Deposit Fund interest | 55 | 121 | ||
| Total income | 61,767 | 11,240 | ||
| Expenditure: | ||||
| Charitable expenditure |
37,197 | 12,963 | ||
| Total expenditure | 37,197 | 12,963 | ||
| Net income/(expenditure) before |
gains on investments | 24,570 | (1,723) | |
| Net gains on investment assets |
22,528 | 54,554 | ||
| Net movement in funds |
47,098 | 52,831 | ||
| RECONCILIATION OFFUNDS |
||||
| Total funds brought forward | 399,089 | 346,258 | ||
| Total funds carried forward | g446,187 | 8399,089 |
| 2020 | 2019 | |||
|---|---|---|---|---|
| Grants paid | (to 17individuals; | 2019:to 6individuals) | 36,110 | 1],700 |
| Independent | examination fees |
450 | 408 | |
| Expenses and website costs | 637 | 855 | ||
| $37,197 | 612,963 |
| 4 | FIXEDASS | ETINVESTMENTS | ||
|---|---|---|---|---|
| 2020 | 2019 | |||
| Market value at 1 | January | 359,322 | 304,768 | |
| Amounts withdrawn |
(10,107) | |||
| Unrealised gain |
22,528 | 54,554 | ||
| Market value at31December | 371,743 | 359,322 | ||
| Cost ofinvestments | at 31December | 109,114 | 116,074 | |
| Unrealised gains |
f262,629 | 6243,248 | ||
| 5 | FUNDS | |||
| 2020 | 2019 | |||
| Revaluation reserve - capital |
258,883 | 237,094 | ||
| Revaluation reserve - current |
3,746 | 6,154 | ||
| Total revaluation | reserve | 262,629 | 243,248 | |
| Designated Grant |
fund | 18,862 | ||
| Designated Capital fund |
152,671 | 102,074 | ||
| General fund | 30,887 | 34,905 | ||
| f446,187 | f399,089 |