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2020-12-31-accounts

Charity Information
Trustees Annual
Report		 2-4
Independent
Examiners'		 Report
Statement ofFinancial Activities 6-7
Balance Sheet
Notes to the Accounts 9-15
The follosving
pages do not form part ofthe statutory		 accounts
Detailed Statement ofFinancial Activities 17-18
Detailed Balance Sheet 19-20

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Note Note 2020 2020 2019 2019
K
Fixed Assets
Investments 1,712,540.00 1,729,208.85
Current
Assets
Debtors
Cash at bank and in hand		 10 10,031.25
256,397.56		 16,875.00
126,698,53
Total current assets 266,428.81 143,573.53
Liabilities
Creditors:
amounts
falling due
within one year		 11 23,778.50 23,040.64
Net Current Assets 242,650.31 120,532.89
Total Assets Less Current Liabilities 1,955,190.31 1,849,741.74
FUNDS OFTHE CHARITY
Unrestricted
funds		 12 1,862,730.09 1,753,481.52
Restricted funds —Bursary Scheme 12 6,960.22 6,760.22
Restricted funds—
Jean Wilkinson
donation		 12 85,500.00 89,500.00
Total Charity Funds 1,955,190.31 1,849,741.74
Approved
by the Board ofTrustees on		 &4k I.n
.t.l.. ...5'..~....2021 and signed		 on its behalf by:

2020 2019
DONATIONS AND LEGACIES
Donations 16,689.90 26,860.62
Donations towards bursaries 200.00 4,000.00
Legacies 120,209.27 10,000.00
Income Tax repayable on donations 156.25
137,255.42 40,860.62

INCOME FROM INVESTMENTS
Dividends
- Unit Trusts		 42,421.92 51,185.67
Interest - Unit Trusts and Government Stocks 175.00 35.63
Interest on cash deposits 43.19 93.98
42,640.11 51,315.28

NOT ES TO THE AC COUNTS - continued
2020 2019
6. CHARITABLE ACTIVITIES
Allowances 4,000.00 4,000.00
Grants 53,339.00 48,210,55
Bursaries 2,646.00
57,339.00 54,856.55
GOVERNANCE GOVERNANCE AND SUPPORT COSTS
Use ofoffice 23,738.00 22,968.00
Investment
Management		 fee 7,996.58 8,306.72
Independent Examiners' fee 3,000.00 3,000.00
Legal fees 739.80
Bank charges 131.55 170.95
Staff leaving gift 500.00
36,105.93 34,445.67

9.
INVESTMENTS
Market value Market value
31December 31 December
Nominal Cost 2020 2019
f.
Held throughout
the year
Cazenove Equity Income Trust
for Charities 450,000 143,333.71 202,275 242,145
Majedie UK Equity Fund 60,000 78,855.49 84,378 92,760
Findlay Park Inc 405 22,113.11 47,150 41,972
Vanguard
S&P500ETF		 820 22,300.98 42,429 37,783
RWC Global EM Markets 200 19,932.60 23,753 18,188
M&G GI Dividend 57,977 39,522.18 64,255 60,368
Fidelity Global Dividend 22,000 29,854.00 45,012 43,912
Schroder UK Corporate Bond 172,000 85,019.60 111,542 101,067
Charity Bond Fund 54,568 31,967.21 39,316 37,226
Schroder Strategic Credit Fund 490 50,825.80 47,664 47,748
Capita Trojan Fund 50,000 93,378.00 142,985 133,545
Charities Property
Fund		 83,000 83,898.04 102,879 106,721
Property
Income Trust for		 Charities 60,549 49,666.11 48,760 53,737
Schroder Charity Equity Value Fund 120,000 79,548.00 62,064 73,740
Black Rock Asian Dragon Fund 1,000 33,054.00 39,130 33,480
Schroder SSFDiversified Alternative Assets 600 60,503.00 61,692 63,702
Trojan Income Fund 50,000 97,470.00 89,940 102,630
iShares Physical Metals PLC 1,075 25,570.91 28,928 24,274
Wellington
Global Healthcare		 3,411 34,371.34 45,236 37,351
Blackrock European Dynamic Fund 11,000 19,751.75 26,895 20,097
Vanguard
Japan Stock Index Fund		 140 22,082.50 24,065 22,089
1,123,018.33 1,380,348 1,394,535
Purchased
during the year and held at year end
T.Rowe GI Technology
Equity Fd		 3,007 35,380.00 61,199
Polar Capital European ex UK Income Fund 2,000 14,520.00 16,860
1.25'zo UK Treasury Stock 28,000 31,099.88 31,097
iShares Physical Metals PLC 1,150 32,074.03 30,947
Atlas Global Infrastructure Fund 200 22,864.87 24,525
iShares USD Treaury Bond 4,200 24,200.82 23,432
CG Absolute
Return Fund		 600 77,202.00 79,110
MU Lyxor Core US TIPS 200 22.239.72 22,570
iShares China CNY Bond 4.200 17,045.33 16,425
Polar Global Insurance
Fund		 4.700 24,996.01 26,027
301,622.66 332,192
1,424,640.99 1,712,540 1,394,535

Nominal Cost P d ~Gi&L
f. f.
Majedie UK Equity Fund 36,000 47,313.24 45,477.00 (1,836.24)
Schroder Euro Alpha Inc 25,000 14,498.10 10,620.50 (3,877.60)
0.125UK Treasury Stock 22/3/24 24,100 27,710.80 32,117.71 4,406.91
CG Portfolio Dollar Fund 235 23,525.60 25,173.20 1,647.60
BMO Pyrford Global Total Reurn 12,000 118,763.31 116,360.00 (2,403.31)
Janus Henderson
UK Absolute		 Return Fund 12,000 68,247.60 72,442.70 4,195.10
Schroder UK Corporate Bond 28,000 13,840.49 17,110.80 3,270.31
313,899.14 319,301.91 5,402.77
~S
Fixed Asset Investments Summar
uoted Investments
2020 2019
Market Value at I January 2020 1,729,208.84 1,581,639.09
Additions
and conversions		 during the year 301,622.66 276,644.17
Accumulated
income
Disposals
and Capital distributions		 during
the year		 (334,673.84) (256,835.61)
Equalisation
relating to		 units purchased in prior years (1,837.57) (147.52)
Rebate relating to stock purchased prior years
1,694,320.09 1,601,300.13
Net unrealised
investment		 gain/(loss) 18,219.91 127,908.71
Market Value at 31 December 2020 1,712,540.00 1,729,208.84

YEAR ENDED 31DECEMBE YEAR ENDED 31DECEMBE YEAR ENDED 31DECEMBE R 2020
NOTES TO THE ACCOUNTS - continued
2020 2019
10. DEBTORS
HSBSoffice facilities paid in advance 10,000.00 15,000.00
Income tax reclaim 31.25
Accrued donation
income		 1,875.00
10,031.25 16,875.00
11. CREDITORS: amounts falling due within one year
Investment
Management		 fees 2,040.50 2,072.64
Independent
Examiners'		 fee 3,000.00 3,000.00
HSBSoffice facilities 18,738.00 17,968.00
Deferred income
23,778.50 23,040.64
Restricted funds
12. FUNDS Unrestricted Bursary Jean Wilkinson
Funds Scheme Donation
f.
Balance at I January 2020 1,753,481.52 6,760.22 89,500.00
Incoming
resources		 195,845.53 200.00
Resources expended (89,444.93) (4,000.00)
Other recognised
gains/(losses)		 2,847.97
Transfers between funds
Balance at 31 December 2020 1,862,730.09 6,960.22 84,500.00

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