| Trustee and advisers for the year ended 31March 2021 . | |
|---|---|
| Trustee' sAnnual Report for the year ended 31 March 2021.. | |
| Independent auditors' report to the Trustee ofJoseph Brough Charitable |
Trust .... |
| Statement offinancial activities for the year ended 31 March 2021. |
|
| Balance sheet as at 31 March 2021.. | |
| Notes to the financial statements for the year ended 31 March 2021. |
| Restricted | Endowment | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| Note | funds | fund | 2021 | 2020 | |||
| Income and endowments | from: | ||||||
| Donations | 62 | 62 | |||||
| Investment income |
4 | 43,945 | 43,945 | 60,702 | |||
| Total income and endowments | 44,007 | 44,007 | 60,702 | ||||
| Expenditure on: |
|||||||
| Investment management |
costs | 7,120 | 7,120 | 7,529 | |||
| Charitable activities |
5 | 83,477 | 83,477 | 15,030 | |||
| Total expenditure | 83,477 | 7,120 | 90,597 | 22,559 | |||
| Gains/(losses) on investment |
assets | 408,381 | 408,381 | (232,564) | |||
| Net income/(expenditure) | and | ||||||
| movement on funds |
(39,470) | 401,261 | 361,791 | (194,421) | |||
| Total funds brought forward | 73,969 | 1,774,618 | 1,848,587 | 2,043,008 | |||
| Total funds carried forward | 34,499 | 2,175,879 | 2,210,378 | 1,848,587 |
| Note | 2021 | 2021 | 2020 | 2020 | |||
|---|---|---|---|---|---|---|---|
| Fixed asset investments | 2,114,467 | 1,664,971 | |||||
| Current assets |
|||||||
| Debtors | 4,919 | 7,227 | |||||
| Cash at bank and in hand | 90,992 | 184,738 | |||||
| Total current assets | 95,911 | 191,965 | |||||
| Creditors: amounts | falling due | ||||||
| within one year |
(8,349) | ||||||
| Net current assets | 95,911 | 183,616 | |||||
| Total assets less current | liabilities | 2,210,378 | 1,848,587 | ||||
| The funds ofthe Charity: | |||||||
| Endowment funds |
2,175,879 | 1,774,618 | |||||
| Restricted income funds | 34,499 | 73,969 | |||||
| Total charity funds | 2,210/78 | 1,848,587 |
| Restricted | Endowment | Total | ||
|---|---|---|---|---|
| funds | fund | 2020 | ||
| Income and endowments | from: | |||
| Investment income |
60,702 | 60,702 | ||
| Total income and endowments | 60,702 | 60,702 | ||
| Expenditure on: |
||||
| Investment management |
costs | 7,529 | 7&529 | |
| Charitable activities |
15,030 | 'I5,030 | ||
| Total expenditure | 15,030 | 7,529 | 22,559 | |
| Losses on investment assets |
(232,564) | (232,564) | ||
| Net income and movement on funds |
45,672 | (240,093) | (194,421) | |
| Fund balances brought forward |
28,297 | 2,014,711 | 2,043,008 | |
| Fund balances carried | forward | 73,969 | 1,774,618 | 1,848,587 |
| 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| Dividends | and | interest | from | endowment | fund | investments | 43,945 | 60,702 |
| 2021 | 2020 | ||
|---|---|---|---|
| Grants payable | 78,447 | 10,000 | |
| Direct costs —grants administration fee |
5,000 | 5,000 | |
| Direct costs —bank charges | 30 | 30 | |
| 83,477 | 15,030 | ||
| Grants awarded during the year ended |
31March 2021 were: | ||
| Comfrey Project County Durham Community Foundation East Howdon Community Association Greggs Foundation Hospitality and Hope Lambton Street Youth A Community Hub Meadow Well Connected Ltd |
10,000 3,000 2,500 7,000 9,226 10,000 3,500 |
||
| Phoenix Detached Youth Project ShARP (Shiney Advice and Resource Project) South Tyneside Citizens Advice Bureau Sunderland Headlight |
11,721 10,000 10,000 1,500 |
||
| Total grants awarded 2021 |
78)447 | ||
| Total grants awarded 2020 | 10,000 |
| Fixe | d asset investments | |
|---|---|---|
| Listed | ||
| investments | ||
| Market value at I April 2020 | 1,664,971 | |
| Additions | 279,183 | |
| Disposals | (238,068) | |
| Realised losses on disposal | (2,326) | |
| Unrealised | gains on revaluation | 410,707 |
| Market value at31 March 2021 | 2,114,467 | |
| Cost at 31 | March 2021 | 1,571)634 |
| Cost at 31 | March 2020 | 1,561,451 |
| Listed investments are |
summarised as follows:- |
||
|---|---|---|---|
| 2021 | 2020 | ||
| Market | Market | ||
| Value | Value | ||
| UK Fixed Interest | 157,450 | 153,546 | |
| UK Equities | 742,727 | 609,471 | |
| Property | 88,737 | 102,627 | |
| Overseas Equities | 896,617 | 698,236 | |
| Collective Investment | Schemes | 228,936 | 101,091 |
| 2,114,467 | 1,664,971 |
| 2021 | 2020 |
|---|---|
| 4,919 | 7,227 |
| l3 |
| 2021 | 2020 | ||
|---|---|---|---|
| Grants | payable | 8,349 |
| Restricted | Endowment | 2021 | ||
|---|---|---|---|---|
| funds | funds | Total | ||
| Investments | 2,114,467 | 2,114,467 | ||
| Current | assets | 34,499 | 61,412 | 95,911 |
| Current | liabilities | |||
| Total net assets | 34,499 | 2,175,879 | 2,210,378 |