||||Page|
|---|---|---|---|
|Reference and administration||details||
|Trustees' report|||2-4|
|Statement ofFinancial Aciivities||||
|Balance sheet||||
|Notes to the accounts|||7-11|
|Independent<br>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<br>on;||||||||||
|Raising funds||||16,112|5,737|21,849|16,522|5,749|22,271|
|Charitable<br>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<br>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<br>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<br>costs|||||
||Independent<br>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<br>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<br>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<br>equities||||797,242|642,494|
||Emerging<br>economies||||70,217|77,594|
||Property||||71,724|97,151|
||Altcrnativc<br>assets||||I88&870|255,207|
||Money market instruments||||125,000||
||||||2,156,313|2,103,900|
||Individual<br>investment|holdings|amounting|to more than 5%ofthe above total.|||
||Goldmau<br>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|



## 

## 



## 

## 

##