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|Trustee and advisers for the year ended 31March 2021 .||
|---|---|
|Trustee' sAnnual Report for the year ended 31 March 2021..||
|Independent<br>auditors'<br>report to the Trustee ofJoseph Brough Charitable|Trust ....|
|Statement offinancial activities<br>for the year ended 31 March 2021.||
|Balance sheet as at 31 March 2021..||
|Notes to the financial<br>statements<br>for the year ended 31 March 2021.||





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|||||Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|
||||Note|funds|fund|2021|2020|
|Income and endowments|from:|||||||
|Donations||||62||62||
|Investment<br>income|||4|43,945||43,945|60,702|
|Total income and endowments||||44,007||44,007|60,702|
|Expenditure<br>on:||||||||
|Investment<br>management|costs||||7,120|7,120|7,529|
|Charitable<br>activities|||5|83,477||83,477|15,030|
|Total expenditure||||83,477|7,120|90,597|22,559|
|Gains/(losses)<br>on investment||assets|||408,381|408,381|(232,564)|
|Net income/(expenditure)||and||||||
|movement<br>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|





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||||Note|2021|2021|2020|2020|
|---|---|---|---|---|---|---|---|
|Fixed asset investments|||||2,114,467||1,664,971|
|Current<br>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<br>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<br>funds|||||2,175,879||1,774,618|
|Restricted income funds|||||34,499||73,969|
|Total charity funds|||||2,210/78||1,848,587|





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|||Restricted|Endowment|Total|
|---|---|---|---|---|
|||funds|fund|2020|
|Income and endowments|from:||||
|Investment<br>income||60,702||60,702|
|Total income and endowments||60,702||60,702|
|Expenditure<br>on:|||||
|Investment<br>management|costs||7,529|7&529|
|Charitable<br>activities||15,030||'I5,030|
|Total expenditure||15,030|7,529|22,559|
|Losses on investment<br>assets|||(232,564)|(232,564)|
|Net income and movement<br>on funds||45,672|(240,093)|(194,421)|
|Fund balances brought<br>forward||28,297|2,014,711|2,043,008|
|Fund balances carried|forward|73,969|1,774,618|1,848,587|



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||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|
|Dividends|and|interest|from|endowment|fund|investments|43,945|60,702|





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|||2021|2020|
|---|---|---|---|
|Grants payable||78,447|10,000|
|Direct costs —grants administration<br>fee||5,000|5,000|
|Direct costs —bank charges||30|30|
|||83,477|15,030|
|Grants awarded<br>during the year ended|31March 2021 were:|||
|Comfrey Project<br>County Durham<br>Community<br>Foundation<br>East Howdon<br>Community<br>Association<br>Greggs Foundation<br>Hospitality<br>and Hope<br>Lambton<br>Street Youth A Community<br>Hub<br>Meadow Well Connected Ltd|||10,000<br>3,000<br>2,500<br>7,000<br>9,226<br>10,000<br>3,500|
|Phoenix Detached Youth Project<br>ShARP (Shiney Advice and Resource Project)<br>South Tyneside<br>Citizens Advice Bureau<br>Sunderland<br>Headlight|||11,721<br>10,000<br>10,000<br>1,500|
|Total grants awarded<br>2021|||78)447|
|Total grants awarded 2020|||10,000|





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|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<br>are|summarised<br>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|



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|2021|2020|
|---|---|
|4,919|7,227|
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|||2021|2020|
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|Grants|payable||8,349|



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|||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|



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