| Page | |||
|---|---|---|---|
| Reference and Administrative Details |
|||
| Trustees' Report | 2 | to | 3 |
| Report ofthe Independent Auditors |
4 | to | 6 |
| Statement ofFinancial Activities | |||
| Balance Sheet | |||
| Notes to the Financial Statements | 9 | to | 12 |
| Detailed Statement ofFinancial Activities | 13 |
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Unrestricted | Total | ||||
| fund | funds | ||||
| Notes | |||||
| INCOME | AND ENDOWMENTS FROM | ||||
| Charitable | activities | ||||
| Community | activities | 43,002 | 48,580 | ||
| Investment | income | 214,02$ | 304,278 | ||
| Other income | 68,619 | ||||
| Total | 325,649 | 352,858 | |||
| EXPENDITURE ON | |||||
| Raising funds | 56,972 | 66,105 | |||
| Charitable | activities | ||||
| Community | activities | 539,569 | 468,555 | ||
| Total | 596,541 | 534,660 | |||
| Net gains on investments | 72,995 | 1,090,492 | |||
| NET INCOME/(EXPENDITURE) | (197,897) | 908,690 | |||
| RECONCILIATION | OFFUNDS | ||||
| Total funds | brought forward | 10,806,426 | 9,897,736 | ||
| TOTAL FUNDS CARRIED FORWARD | 10,60$,529 | 10,806,426 |
| 2020 | 2019 | |||
|---|---|---|---|---|
| Unrestricted | Total | |||
| Notes | fund | fundsf | ||
| FIXEDASSETS | ||||
| Tangible assets | 366,959 | 579,223 | ||
| Investments | 10,05$,914 | 8,997,907 | ||
| 10,425,873 | 9,577,130 | |||
| CURRENT ASSETS | ||||
| Debtors | 120,000 | 120,000 | ||
| Cash at bank | 93,636 | 1,140,425 | ||
| 213,636 | 1,260,425 | |||
| CREDITORS | ||||
| Amounts falling due within |
one year | (30,980) | (31,129) | |
| NKT CURRENT ASSETS | 182,656 | 1,229,296 | ||
| TOTAL ASSETSLESSCURRENT LIABILITIES | 10,60$,529 | 10,806,426 | ||
| NKT ASSETS | 10,60$,529 | 10,806,426 | ||
| FUNDS | 10 | |||
| Unrestricted funds |
10,608,529 | 10,$06,426 | ||
| TOTAL FUNDS | 10)608,529 | 10,806,426 |
| OTHER INCOME | 2020 f |
2019f | |
|---|---|---|---|
| Gain on sale ofproperty | 68,619 | ||
| RAISING FUNDS | |||
| Investment management |
costs | ||
| 2020f | 2019 | ||
| Portfolio management | 55,351 | 63,747 | |
| Foreign exchange differences | 1,621 | 2,358 | |
| 56,972 | 66,105 |
| COST | |
|---|---|
| At I January 2020 | 579,223 |
| Disposals | (212,264) |
| At31December 2020 | 366,959 |
| NKT BOOK VALUE | |
| At 31December 2020 | 366)959 |
| At 31December 2019 | 579223 |
| FIXEDASSETINVKSTMKNTS | ||||
|---|---|---|---|---|
| Cash and | ||||
| Listed | Unlisted | settlements | ||
| investments | investments | pending f |
Totals | |
| MARKET VALUE | ||||
| At I January 2020 | 8,910,400 | 497 | 87,010 | 8,997,907 |
| Additions | 4,445,539 | 6,305,353 | 10,750,892 | |
| Disposals | (4,025,671) | (5,730,478 ) | (9,756,149) | |
| Revaluations | 67,885 | 67,885 | ||
| Exchange differences | (1)621) | (1,621) | ||
| At 31December 2020 | 9,398,153 | 497 | 660,264 | 10,058,914 |
| NKT BOOK VALUE | ||||
| At 31December 2020 | 9,398,153 | 497 | 660,264 | 10,058,914 |
| At31December 2019 | 8,910,400 | 497 | 87,010 | 8,997,907 |
| Value ofinvestment | Value ofinvestment | assets held in the UK | assets held in the UK | assets held in the UK | 5, | 118,006 | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Value ofinvestment | assets held outside UK | 4,940,908 | |||||||||
| The following | are single investments representing |
over 5%ofthe total investment | holdings: | ||||||||
| 5 | |||||||||||
| CTFS Charity | Property Fund |
473,124 | |||||||||
| UBSETF SICAV BLBBarclays | MSCI | 540,684 | |||||||||
| UBS ETFSICAV MSCI Emrgng | Markts SocRes | 590,851 | |||||||||
| DEBTORS: | AMOUNTS FALLING DUE WITHIN ONK YEAR | ||||||||||
| 2020 | 2019 | ||||||||||
| I | |||||||||||
| Other debtors | 120,000 | 120,000 | |||||||||
| 9. | CREDITORS: AMOUNTS | FALLING DUK WITHIN ONK YEAR | |||||||||
| 2020 | 2019 | ||||||||||
| Accruals and | deferred income | 30,980 | 31,129 | ||||||||
| 10. | MOVEMENT IN | FUNDS | |||||||||
| Net | |||||||||||
| movement | At | ||||||||||
| At | 1.1.20 | in funds | 31.12.20 | ||||||||
| I | 5 | ||||||||||
| Unrestricted | funds | ||||||||||
| General fund |
10,806,426 | (197,897) | 10,608,529 | ||||||||
| TOTAL FUNDS | 10,806,426 | (197,897) | 10,60S,529 | ||||||||
| Net movement | in funds, included | in the above are | as follows: | ||||||||
| Incoming | Resources | Gains and | Movement | ||||||||
| resources | expended | losses f |
in fundsI | ||||||||
| Unrestricted | funds | ||||||||||
| General fund |
325,649 | (596,541) | 72,995 | (197,897) | |||||||
| TOTAL FUNDS | 325,649 | (596,541) | 72,995 | (197,897) | |||||||
| Comparatives | for | movement | in | funds | |||||||
| Net | |||||||||||
| movement | At | ||||||||||
| At | 1.1.19 | in funds | 31.12.19 | ||||||||
| I | f | ||||||||||
| Unrestricted | funds | ||||||||||
| General fund |
9,897,736 | 908,690 | 10,806,426 | ||||||||
| TOTAL FUNDS | 9,897,736 | 908,690 | 10,806,426 |
| Incoming | Resoumes | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| f | ||||||
| Unrestricted | funds | |||||
| General | fund | 352,858 | (534,660) | 1,090,492 | 908,690 | |
| TOTAL | FUNDS | 352,858 | (534,660) | 1,090,492 | 908,690 |
| Net | ||||||||
|---|---|---|---|---|---|---|---|---|
| movement | At | |||||||
| At 1.1.19 | in funds | 31.12.20 | ||||||
| f | 8 | |||||||
| Unrestricted | funds | |||||||
| General | fund | 9,897,736 | 710,793 | 10,608,529 | ||||
| TOTAL | FUNDS | 9,897,736 | 710,793 | 10,608,529 | ||||
| A current | year | 12months | and prior year 12months | combined | net movement | in funds, included | in the above are as follows: | |
| Incoming | Resources | Gains and | Movement | |||||
| resources | expended | losses | in funds | |||||
| 8 | f | |||||||
| Unrestricted | funds | |||||||
| General | fund | 678,507 | (1,131,201) | 1,163,487 | 710,793 | |||
| TOTALFUNDS | 678,507 | (1,131,201) | 1,163,487 | 710,793 |
| DETAILED STATEMENT OFFINANCIAL ACTIVITIES | ||||||
|---|---|---|---|---|---|---|
| FOR THK YEAR ENDED 31DECEMBER 2020 | ||||||
| 2020 | 2019 | |||||
| f. | ||||||
| INCOME AND ENDOWMENTS | ||||||
| Investment income |
||||||
| Investment income |
214,028 | 304,278 | ||||
| Charitable activities |
||||||
| Members contributions |
43,002 | 48,580 | ||||
| Other income | ||||||
| Gain on sale ofproperty | 68,619 | |||||
| Total incoming resources |
325,649 | 352,858 | ||||
| EXPENDITURE | ||||||
| Investment management |
costs | |||||
| Portfolio management | 55,351 | 63,747 | ||||
| Foreign exchange differences | 1,621 | 2,358 | ||||
| 56,972 | 66,105 | |||||
| Charitable activities |
||||||
| Trustees' expenses | 75 | |||||
| Sundries | 155 | 287 | ||||
| Sisters nursing | 271,343 | 262,037 | ||||
| Sisters funeral costs | 4,939 | |||||
| Sisters expenses | 2,330 | 6,251 | ||||
| Motor and travel costs | 324 | 987 | ||||
| Property costs | 720 | 4,879 | ||||
| Donations made | 220,100 | 143,800 | ||||
| 494,972 | 423,255 | |||||
| Support costs | ||||||
| Management | ||||||
| Postage and stationery | 47 | |||||
| Legal and professional | fees | 19,110 | 28,800 | |||
| 19,157 | 28,800 | |||||
| Governance costs |
||||||
| Auditors' remuneration |
7,440 | 7,440 | ||||
| Auditors' remuneration |
for non audit work | 300 | ||||
| Legal dr professional | fees | 18,000 | 8,760 | |||
| 25,440 | 16,500 | |||||
| Total resources expended | 596,541 | 534,660 | ||||
| Net expenditure before |
gains and | losses | (270,S92) | (181,802) | ||
| Realised recognised | gains | and losses | ||||
| Realised gains/(losses) | on fixed asset investments | 5,111 | 241,038 | |||
| Net (expenditure)/income | (265,781) | 59,236 |