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|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|
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||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|
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|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|||
##
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##
|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|
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