| uring the year 2020, the following serve |
d as Trustees: | d as Trustees: |
|---|---|---|
| Re resentativeof Em lo ers: |
Re resentative ofEm lo ees: | |
| Michael Glover Bartle | Alan Paul Robinson | |
| Keith Ronald Garbett | Peter John Richard | Booth |
| Adrian George Abel | Peter Reid | |
| Malcolm Douglas Jarvis | Robert Christopher | Trotter |
| NOTES | 2020 UNRESTRICTED |
2020 RESTRICTED |
2020 TOTAL |
2019 TOTAL |
|
|---|---|---|---|---|---|
| FUNDS | FUNDS | FUNDS | FUNDS | ||
| INCOME AND ENDOWMENTS | |||||
| Incoming Resources from Generated | Funds: | ||||
| Investment Income |
321961 | 321961 | 387052 | ||
| TOTAL INCOME | 321961 | 321961 | 387052 | ||
| EXPENDITURE | |||||
| Costs ofGenerating Funds: |
|||||
| Investment Management Costs |
4724 | 4724 | 3254 | ||
| Charitable Activities |
361683 | 361683 | 502149 | ||
| TOTAL EXPENDITURE | 366407 | 366407 | 505403 | ||
| NET EXPENDITURE FOR THE YEAR | (44446) | (44446) | (118351) | ||
| OTHER RECOGNISED LOSSES | |||||
| (Loss)/Gain on Investment Assets |
10 | 1241534 | ~1241534 | 1D20749 | |
| NET MOVEMENT IN FUNDS | (1285980) | (1285980) | 902398 | ||
| RECONCILIATION OF FUNDS |
|||||
| TOTAL FUNDS BROUGHT FORWARD AT | |||||
| 1STJANUARY 2020 | 6938223 | 790970 | 7729193 | 6826795 | |
| TOTAL FUNDS CARRIED FORWARD AT31STDECEMBER 2020 |
5652243 | 790970 | 6443213 | 7729193 |
| BALANCE SHEET | |||||
|---|---|---|---|---|---|
| AS AT31STDECEMBER | 2020 | ||||
| UNRESTRICTED | RESTRICTED | TOTAL | TOTAL | ||
| NOTES | FUNDS | FUNDS | 2020 | 2019 | |
| FIXEDASSETS | |||||
| Investments | 5908040 | 790970 | 6699010 | 7940544 | |
| CURRENT ASSETS | |||||
| Debtors | ll | 47106 | 47106 | 44054 | |
| Cash at Bank and in Hand | 12 | 63753 | 63753 | 139417 | |
| TOTAL CURRENT ASSETS | 110859 | 110859 | 183471 | ||
| LIABILITIES | |||||
| Creditors: Amounts Falling |
13 | 37130 | 37130 | 36485 | |
| Due Within One Year | |||||
| NET CURRENT ASSETS | 73729 | 73729 | 146986 | ||
| TOTAL ASSETSLESS CURRENT LIABILITIES |
5981769 | 790970 | 6772739 | 8087530 | |
| Creditors: Amounts Falling Due After More Than One |
14 | 329526 | 329526 | 358337 | |
| Year | |||||
| TOTAL NET ASSETS | 5652243 | 790970 | 6443213 | 7729193 | |
| FUNDS | 16 | 5652243 | 790970 | 6443213 | 7729193 |
| INVESTMENT INCOME | INVESTMENT INCOME | 2020 | 2019 | |
|---|---|---|---|---|
| Interest | on UK Gilt Edged Securities and Fixed Interest Unit Trusts | 27144 | 27144 | |
| Dividend | on UK M &G Securities Charifund | Income | 294811 | 359745 |
| Interest | on Cash Deposits | 6 | 163 | |
| 321961 | 387052 |
| 4. | ALLOCATION OF SUPPORT COSTS AND OVERHEADS |
ALLOCATION OF SUPPORT COSTS AND OVERHEADS |
T 1 otal |
Charitable Activities |
Governance Costs |
|---|---|---|---|---|---|
| StaffCosts | 26781 | 17855 | 8926 | ||
| Office Costs | and Overheads | 2917 | 1936 | 981 | |
| 29698 | 19791 | 9907 | |||
| 5. | CHARITABLE ACTIVITIES | 2020 | 2019 | ||
| StaffCosts | 17855 | 15598 | |||
| Office Costs | and other Overheads | 1936 | 1902 | ||
| Convalescent | Scheme Costs | 36897 | 40257 | ||
| Grants payable —see note 6 | 283202 | 217699 | |||
| Governance | Costs —see note 7 | 21793 | 226693 | ||
| 361683 | 502149 |
| GRANTS PAYABLE | GRANTS PAYABLE | 2020 | 2019 | |
|---|---|---|---|---|
| a) | Children's Adventure Farm Trust |
32682 | 30000 | |
| b) | Broughton House |
25000 | ||
| c) | Age UK Wigan | 10000 | ||
| d) | Bradford Toy Library | 3000 | ||
| e) | B.I.D.S. | 3000 | ||
| f) | Bradford Textile Society | 4000 | 3500 | |
| g) h) |
Caudwell Children Donations to 26 regional Food Banks |
102000 | 2000 | |
| i) | Brierfield Action in the Community | 15000 | ||
| j) k) |
Booth Centre Accrington Stanley Community |
Trust | 14000 | 25000 |
| 1) | Burnley Weavers Triangle | 500 | ||
| m) | Heron Corn Mill | 2000 | ||
| n) | Save Our Soldier | 7000 | ||
| o) | Boomerang Play Centre |
18000 | 9500 | |
| p) q) r) |
Stroudwater Textile Trust Orchid Sen Manchester |
1000 | 10000 5000 |
|
| s) t) |
Vincentian Volunteers Hen shaw |
8000 2500 |
||
| u) v) w) y) z) aa) |
Francis House Children Hospice Bag Books Derby TocH Children's Camp The Canal &River Trust Participation Works University ofBolton |
5000 10500 8000 |
10000 3000 10000 10000 13300 2775 |
|
| ab) ac) ad) ae) |
Bury Amateur Athletic Football Blesma Chrysallis Holiday Little Hearts Matter |
Club | 7500 4000 |
10000 5000 4000 |
| af) ag) ah) ai) aj) ak) |
Textile Conservation Foundation Sebastian Blue Pin Royal School ofNeedlework PlaySchule Thursby Community Action Group Salford Children's Holiday Camp Section 12(1)Grants 1 individual (2019:3) |
4000 3000 40000 1020 |
3000 3000 8000 3124 |
|
| 283202 | 217699 |
| COTTON IN ES TO THE THE YEAR |
DUSTRY WAR MEMORIAL TRUST FINANCIAL STATEMENTS ENDED 31STDECEMBER 2020 Continued |
||
|---|---|---|---|
| 2020 | 2019 | ||
| RECONCILIATION OF GRANTS PAYABLE |
|||
| Commitments | at 1stJanuary 2020 | 20000 | |
| Commitments | Made in the Year | 283202 | 217699 |
| Commitments | Met | (283202) | (237699) |
| Commitments | at 31stDecember 2020 |
| 7. | GOVERNANCE COSTS | |||
|---|---|---|---|---|
| Pension to former employees ofthe | Cotton Industry | |||
| War Memorial Trust |
198000 | |||
| StaffCosts | 8926 | 7797 | ||
| Office Costs and Other Overheads | 981 | 952 | ||
| Auditors Fees for Audit Services | 4578 | 4524 | ||
| Auditors Fees for Other Services | 7308 | 10859 | ||
| Costs ofMeetings | 4561 | |||
| 21793 | 226693 | |||
| 8. | STAFF COSTS AND TRUSTEES' REMUNERATION | |||
| Salaries | 26781 | 23395 | ||
| Social Security Costs | ||||
| 26781 | 23395 | |||
| The average number ofemployees | during the year was |
| 9. | FIXEDASSETINVESTMENTS | FIXEDASSETINVESTMENTS | |||
|---|---|---|---|---|---|
| Movement in fixed asset investments |
2020 | 2019 | |||
| Market value at 1stJanuary | 2020 | 7940544 | 6770665 | ||
| Add: Investments in Year at cost |
149130 | ||||
| 7940544 | 6919795 | ||||
| Less: Investments Realised |
in Year | ||||
| 7940544 | 6919795 | ||||
| Less: Net Investment (loss)/gain |
in Year | ~1241534 | 1020749 | ||
| Market value at 31stDecember 2020 | 6699010 | 7940544 | |||
| Cost at 31stDecember 2020 | 1972222 | 1972222 | |||
| Investments at market value |
com | rised: | |||
| Equities | 5969154 | 7232139 | |||
| Fixed Interest Securities | 729856 | 708405 | |||
| 6699010 | 7940544 |
| All investments were |
held in the UK. At 31"December 2020 the following | held in the UK. At 31"December 2020 the following | held in the UK. At 31"December 2020 the following | investment represented |
investment represented |
more | |
|---|---|---|---|---|---|---|---|
| than 5%ofthe portfolio by market | value | ||||||
| M &,G Securities Ltd | —Charifund | units | 5969154 | 7232139 | |||
| 10. | LOSS /GAIN ON INVESTMENT | ASSETS | |||||
| Change in Unrealised |
(Loss)/Gain | on Investment | Asset | (1241534) | 1020749 | ||
| 11. | DEBTORS | ||||||
| P repayments Accrued Income |
1688 45418 |
87 43967 |
|||||
| 47106 | 44054 |
| NOTES TO THE FINANCIAL | NOTES TO THE FINANCIAL | NOTES TO THE FINANCIAL | STATEMENTS | STATEMENTS | ||
|---|---|---|---|---|---|---|
| FOR | THE YEAR ENDED 31STDECEMBER 2020 Continued | |||||
| 12. | CASH AT BANK | AND | IN HAND | 2020 | 2019 | |
| General Accounts | 44729 | 134070 | ||||
| High Interest Business Reserve | Account | 19024 | 4476 | |||
| Cash in Hand | 871 | |||||
| 63753 | 139417 | |||||
| 13. | CREDITORS: Amounts | Fallin | Due Within One Year | |||
| Accruals | 8947 | 9140 | ||||
| Pension Provision | (note | 15) | 28183 | 27345 | ||
| 37130 | 36485 | |||||
| 14. | CREDITORS: Amounts | Fallin | Due After More Than One Year | |||
| Pension Provision | (note | 15) | 329526 | 358337 | ||
| 329526 | 358337 |