| 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | ||||||||
| Incoming resources |
||||||||
| Voluntary income: |
||||||||
| Investment income |
35,392 | 42,012 | ||||||
| Interest received | 123 | 81 | ||||||
| Donations | ||||||||
| BBFVirgin | 8,282 | |||||||
| General | 7,795 | 154 | ||||||
| 51,592 | 42,247 | |||||||
| Resources expended | ||||||||
| Charitable activities: |
||||||||
| Grants | 17,735 | 13,350 | ||||||
| Loans less repayments | (25) | (3,125) | ||||||
| Scholarships | &bursaries | 39,965 | 8,465 | |||||
| Professional fees |
13,560 | 4,175 | ||||||
| Accountancy | &administration | 11,664 | 5,215 | |||||
| ICO fees | 35 | |||||||
| Bank charges | 2 | 1 | ||||||
| (82,936) | (28,081) | |||||||
| Governance | (601) | (2,467) | ||||||
| Gains/(Losses) | on investments | 412,688 | (232,877) | |||||
| Net incoming/ | incoming | resources for the year | 380,743 | (221,178) | ||||
| Accumulated | funds brought | forward | 1,785,164 | 2,006,342 | ||||
| Accumulated | funds carried forward | f. | 2,165,907 | K 1,785,164 | ||||
| Allocated to | ||||||||
| BBF@Virgin - restricted | fund | 8,282 | ||||||
| Unrestricted funds |
2,157,625 | 1,785,164 | ||||||
| f. | 2,165,907 | K 1,785,164 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | |||||||
| FIXEDASSETS | |||||||
| Investments | 1,853,172 | 1,440,484 | |||||
| CURRENT | ASSETS | ||||||
| Debtors | 39,728 | 32,146 | |||||
| Cash at bank | 277,510 | 318,243 | |||||
| 317,238 | 350,389 | ||||||
| CURRENT | LIABILITIES | ||||||
| Accruals | (4,503) | (5,709) | |||||
| NET CURRENT ASSETS | 312,735 | 344,680 | |||||
| NET ASSETS | K 2,165,907 | K | 1,785,164 | ||||
| Represented | by: | ||||||
| Accumulated | Funds | ||||||
| BBF@Virgin —restricted | fund | 8,282 | |||||
| Unrestricted | funds | 2,157,675 | 1,785,164 | ||||
| X2,165,907 | X | 1,785,164 |
| 2021 | 2020 | ||
|---|---|---|---|
| l. | INVESTMENTS | ||
| Market value at 6 April 2020 | 1,440,484 | 1,733,361 | |
| Net disposal proceeds | (60,000) | ||
| Unrealised market gain/(loss) |
412,688 | (232,877) | |
| Market value at 5 April 2021 | X 1,S53,172 | K 1,440,484 | |
| Historical cost as at 5 April 2021 | K 1,128,430 | X 1,128,430 | |
| All investments are listed UK securities. |
|||
| 2 | DEBTORS | ||
| Loans to beneficiaries | 32,234 | 29,526 | |
| Taxation recoverable | 2,731 | 2,620 | |
| Other debtors | 4,763 | ||
| X39,728 | K32,146 |