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|||Page||
|---|---|---|---|
|Reference and Administrative<br>Details||||
|Trustees' Report|2|to|3|
|Report ofthe Independent<br>Auditors|4|to|6|
|Statement ofFinancial Activities||||
|Balance Sheet||||
|Notes to the Financial Statements|9|to|12|
|Detailed Statement ofFinancial Activities||13||





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|||||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$,914|8,997,907|
||||10,425,873|9,577,130|
|CURRENT ASSETS|||||
|Debtors|||120,000|120,000|
|Cash at bank|||93,636|1,140,425|
||||213,636|1,260,425|
|CREDITORS|||||
|Amounts<br>falling due within|one year||(30,980)|(31,129)|
|NKT CURRENT ASSETS|||182,656|1,229,296|
|TOTAL ASSETSLESSCURRENT LIABILITIES|||10,60$,529|10,806,426|
|NKT ASSETS|||10,60$,529|10,806,426|
|FUNDS||10|||
|Unrestricted<br>funds|||10,608,529|10,$06,426|
|TOTAL FUNDS|||10)608,529|10,806,426|





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|OTHER INCOME||2020<br>f|2019f|
|---|---|---|---|
|Gain on sale ofproperty||68,619||
|RAISING FUNDS||||
|Investment<br>management|costs|||
|||2020f|2019|
|Portfolio management||55,351|63,747|
|Foreign exchange differences||1,621|2,358|
|||56,972|66,105|



## 


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|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<br>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|





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||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<br>representing||||over 5%ofthe total investment||holdings:||||
||||||||||5|||
||CTFS Charity|Property<br>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<br>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<br>f|in fundsI|
||Unrestricted|funds||||||||||
||General<br>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<br>fund||||||9,897,736|||908,690|10,806,426|
||TOTAL FUNDS||||||9,897,736|||908,690|10,806,426|





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||||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<br>income|||||||
|Investment<br>income|||||214,028|304,278|
|Charitable<br>activities|||||||
|Members<br>contributions|||||43,002|48,580|
|Other income|||||||
|Gain on sale ofproperty|||||68,619||
|Total incoming<br>resources|||||325,649|352,858|
|EXPENDITURE|||||||
|Investment<br>management|||costs||||
|Portfolio management|||||55,351|63,747|
|Foreign exchange differences|||||1,621|2,358|
||||||56,972|66,105|
|Charitable<br>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<br>costs|||||||
|Auditors'<br>remuneration|||||7,440|7,440|
|Auditors'<br>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<br>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|