| Page | |||
|---|---|---|---|
| Reference and administration | details | ||
| Trustees' report | 2-4 | ||
| Statement ofFinancial Aciivities | |||
| Balance sheet | |||
| Notes to the accounts | 7-11 | ||
| Independent Examiner's |
Report |
| for the year ende | d 31Decemb | er 202 | 0 | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Permanent | Permanent | ||||||||
| Endowment | Unrestricted | Total | Endowment | Unrestricted | Total | ||||
| Notes | Wnd | Fund | 2020 | Fund | Fund | 2019 | |||
| Income from: | |||||||||
| Investments | 42,268 | 42,268 | 53,450 | 53,450 | |||||
| Total income | 42,268 | 42,268 | 53,450 | 53,450 | |||||
| Expenditure on; |
|||||||||
| Raising funds | 16,112 | 5,737 | 21,849 | 16,522 | 5,749 | 22,271 | |||
| Charitable activities |
32651 | 32,651 | - | 35,458 | 35,458 | ||||
| Total expenditure | 16,112 | 38,3&8 | 54,500 | 16,522 | 41,207 | 57729 | |||
| Net gains/(tosses) | on investment | assets | 11922 | 11 22 | 258,083 | 258,083 | |||
| Net income/(expenditure) | (4,190) | 3,880 | (310) | 241,561 | 12/43 | 253,804 | |||
| Transfers | |||||||||
| Transfers between | funds | ||||||||
| Net movement in |
funds | (4,190) | 3,880 | (310) | 241,561 | 12,243 | 253,804 | ||
| Reconciliation of | Funds | ||||||||
| Total Funds at 1 January 2020 | 2,028,699 | 170,061 | 2,198,760 | 1,787,138 | 157,818 | 1,944,956 | |||
| Total Wnds at 31December 2020 | 2,024,509 | 173941 | 2,198,450 | 2,028,699 | 170,061 | 2 198,760 |
| 2 | Investment | income | 2020 | 2019 | ||
|---|---|---|---|---|---|---|
| Interest received | ||||||
| Nat West | 73 | 148 | ||||
| Investec portfolio | 42,195 | 53,302 | ||||
| 42,268 | 55,450 | |||||
| 3 | Costs ofraising funds | '2020 | 2019 | |||
| Investment management |
costs | 16,112 | 16,522 | |||
| Support and | governance | costs (see note 5) | 5,737 | 5,749 | ||
| 21,849 | 22,271 | |||||
| 4 | Expenditure | on charitable | activities | 2020 | 2019 | |
| K | ||||||
| Grants payable (see note | 6) | 15,439 | 18,210 | |||
| Support and | governance | costs (see note 5) | 17,212 | 17,248 | ||
| 32,651 | 35,458 |
| 5 | Analysis ofsupport | and governance | costs | ||
|---|---|---|---|---|---|
| 2020 | 2019 | ||||
| Support costs | |||||
| Staff costs (note 7) | 17,160 | 17,160 | |||
| PO Box | 348 | 337 | |||
| Storage rental | 1,100 | 1,100 | |||
| Bank charges | 323 | 410 | |||
| Sundry expenses | 692 | 328 | |||
| 19,623 | 19,335 | ||||
| Governance costs |
|||||
| Independent examination |
|||||
| -Current year | 3,000 | 3,000 | |||
| -Prior year under provision | 210 | (30) | |||
| Trustccs' cxpcnscs | 216 | ||||
| Meeting expenses | 116 | 476 | |||
| 3,326 | 3,662 | ||||
| Total | 22,949 | 22,997 | |||
| 2020 | 2019 | ||||
| Allocated: | |||||
| Costs ofraising funds (25'/0) (note 3) | 5,737 | 5,749 | |||
| Charitable activities |
(75'/9 )(note 4) | 17,212 | 17,248 | ||
| 22,949 | 22 997 |
| 7 | Staff costs | 2020 | 2019 | ||
|---|---|---|---|---|---|
| Gross salaries | 17,160 | 17,160 | |||
| Employer's | national | insurance | |||
| 17,160 | 17,160 |
| 8 | Investments | Listed | ||||
|---|---|---|---|---|---|---|
| investments | ||||||
| Market value | ||||||
| At 1 January 2020 | 2,103,900 | |||||
| Additions at cost |
468,802 | |||||
| Disposals at carrying | value | (509&857) | ||||
| Net gain on revaluation | 93,468 | |||||
| At 31December 2020 | 2,156/13 | |||||
| Historical cost at 31December 2020 | 1,659,086 | |||||
| Listed investments | at fair value comprised: | 2020 | 2019 | |||
| f. | ||||||
| UK fixed interest | 320,466 | 360,964 | ||||
| Overseas fixed interest | 55,995 | 57,072 | ||||
| UK equities | 526,799 | 613,418 | ||||
| International equities |
797,242 | 642,494 | ||||
| Emerging economies |
70,217 | 77,594 | ||||
| Property | 71,724 | 97,151 | ||||
| Altcrnativc assets |
I88&870 | 255,207 | ||||
| Money market instruments | 125,000 | |||||
| 2,156,313 | 2,103,900 | |||||
| Individual investment |
holdings | amounting | to more than 5%ofthe above total. | |||
| Goldmau Sachs Am |
Sterling Lqd Reserves (Instl) Nav | 225 000 | ||||
| 9 | Debtors | 2020 | 2019 | |||
| Prep ayments | 105 | 100 | ||||
| 10 | Cash balances | 2020 | 2019 | |||
| Nat West | 32,366 | 99,384 | ||||
| 11 | Creditors: atnounts | falling due within one year | 2020 | 2019 | ||
| PAYEk NI | 470 | 316 | ||||
| Accruals | 3,000 | 4,330 | ||||
| 3,4&0 | 4,646 |
| 12 | Movement | in Funds | B/fwd at | C/fwd at | |||||
|---|---|---|---|---|---|---|---|---|---|
| 1stJan | Gains & | 31stDec | |||||||
| 2020 | Income | Expenditure | (losses) | 2020 | |||||
| Permanent | Endowment | Fund | 2,028,699 | (16,112) | 11,922 | 2,024&509 | |||
| Unrestricted | Fund | 170,061 | 42,268 | (38,388) | 173,941 | ||||
| 2,198,760 | 42,268 | 54,500 | 11,922 | 2,198,450 | |||||
| Movement | in Funds | B/fwd at | C/fwd at | ||||||
| 1stJan | Gains & | 31stDec | |||||||
| 2019 | income | Expenditure | (losses) | 2019 | |||||
| Permanent | Endowment | Fund | 1,787, I38 | (16,522) | 258,083 | 2,028,699 | |||
| Unrestricted | Fund | 157,818 | 53,450 | 41,207 | 170,061 | ||||
| 1,944,956 | 53450 | 57,729 | 258,083 | 2,198,760 |
| Analysis ofNet Assets Between Funds | Endowtnent | Unrestricted | Total |
|---|---|---|---|
| Fund | Fund | 2020 | |
| Fixed assets investments | 2,169,449 | 2,169,449 | |
| Cash at bank | 32,366 | 32,366 | |
| Other current assets | (144,940 | 141,575 | 3,36 |
| At 31December 2020 | 2,024,509 | 173,941 | 2,198,450 |
| Permanent | |||
| Analysis ofNet Assets Between Funds | Endowment | Unrestricted | Total |
| Fund | Fund | 2019 | |
| Fixed assets investments | 2,103,922 | 2,103,922 | |
| Cash at bank | 99,384 | 99,384 | |
| Other cmrent assets | 75,223 | 70,677 | 4,546 |
| At 3l December 2019 | 2,028,699 | i70,06 I | 2,198,760 |