ANNUAL REPORT 2021
IHE
ALMS140USE
Celebratlng 75 uears of supporting and representlng
almshouse charlties across the UK

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|STATE|MENT|OF R|OF R|ISK|||||
|---|---|---|---|---|---|---|---|---|
|The board|is ultimatekl|responsible||for "risk". Day-lo-dey|responsibility<br>for risk Is averseen<br>by the|||CEO|
|and senior|staff' but the board maintains<br>a keen watch<br>on||||the||Risk Register, regularly<br>chal(enging|end|
|reviewing|the highest|priority risks. The Register is updated||||and reviewed at every board and Finance|||
|and Genera( Purposes||meetrng.|The Almshouse<br>Association's||||principal<br>r/sk areas are as follows:||
|Aspect|Key Risk|||Description|||Mitigation||
|Operational|Efficiency|impacted||Staff working<br>fram home|||Regular cammunicatian||
||dunng<br>COVID-19|||and utilising<br>coefficient<br>IT.|||with<br>IT company||
||crisis.|||Staff communication|||CEO acts as main contact to||
|||||impacted<br>by loss of contact.|||aversee service.||
|||||Staff sickness.|||Caver back-up<br>plan<br>in place||
|Operatianal|Service to members|||Members<br>unable to|||Establish team member<br>responsible||
||affected by poor|||attend events and main|||for help with wab access issues||
||communications.|||communication<br>reliant|||Maintain<br>website<br>information||
|||||an telephane,<br>website|||and guidance.||
|||||and emaiL|||Develop team of regional contacts||
||||||||to act as an the ground contacts to||
||||||||signpost<br>to 1AA over regional issues.||
|Financial|Loss af fundraising|||Charitable<br>Trusts are|||Focus on fundraising<br>high level,||
||and investment|||r'ocused<br>an awarding<br>grants|||dedicated staff ta develop<br>relationships||
||income|||ta CGVID-19 emergency|||with corporates,<br>individuals<br>and develop||
|||||charities|||and deliver the legacy strategy.||
|||||Fewer opportunities<br>to|||Regular reparts<br>on fundraising||
|||||engage with donars<br>dunng|||to the board and FIkGP||
|||||lockdown.|||Case for support<br>with new branding||
||||||||developed<br>and being used.||
||||||||Speciatised<br>fundraising<br>consultant||
||||||||recruited.||
||||||||Review at six months<br>and repnonuse||
||||||||if needed.||
|Policy|New government|||Government<br>policy affects|||High level engagement<br>with MPs,||
||policies negatively|||members<br>and the Association|||civil servants<br>and Lords.||
||affect members.|||is unable ta mfluence.|||Clear key messages<br>on behalf af our||
||||||||members.||
|Operational<br>ALM**S**<br>HCi'|Inforrnatian<br>technology.<br> E|||Systems<br>fail to meet<br>operational<br>need. Failure|ta||Systems<br>upgraded<br>and external<br>IT support<br>contracts<br>in place.||
|||||innovate<br>or update systems,|||||
|||||loss or corruption<br>of data.|||||
|Reputational|Poor member|||Member charities<br>do not|||Focus on identifying<br>those members||
||charity governance.|||prawde<br>an acceptable|||wna might<br>require<br>support.||
|||||standard<br>af accammadation|||Identifying<br>training<br>and resaurces||
|||||and support<br>for their|||required.||
|||||residents.|||||
|Operational|Procedural|and||Lack af awareness<br>of|||Ongoing<br>Compliance<br>Reviews.||
||systems|||procedure<br>and policies.|||Loan and grant<br>pohcy procedures||
||dacumentation|||Board access to AA pohcy|||updated||
|||||documents|||Regular senior leadership<br>team meetings||
||||||||GDPR and policy reviews.||





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|||Notes|Unrestricted|Restricted|Endowment|Tote(|Total|
|---|---|---|---|---|---|---|---|
||||funds|funds|funds|2021|2020|
||||f|f|f||6|
|Income and endowments|from.|||||||
|Gifts, donations<br>and legacies|||130,491|374,944|3,014|508,448|158,299|
|Charitable<br>activities|||398,571|||398,S71|405,544|
|Investments|||95,185|9'l,841||187026|204.554|
|Total|||SZA,Z47|4SSTSS|301/|fgg4;848|768397|
|Expenditure<br>on:||||||||
|Raising funds|||123,271|45,104||168,375|153,226|
|Charitable<br>activities|||696,980|114,054||811,034|975,958|
|Total|||820 251|159158||979409|1129184|
|Net income/(expendlturel||||||||
|before Investment<br>gains|||(196,004(|307627|3,014|11r,637|(360787)|
|Net gains on investments||6|385,217|512 r 76|236,522|113',215|168230|
|Net Income/(expenditure(||||||||
|and net movement<br>in funds|||189,213|820103|239,536|1,248,852|(192,557(|
|Reconciliation<br>or' funds||||||||
|Total fund balances<br>brought||||||||
|forward<br>at<br>1 ianuarg|||3386640|6354 364|1790403|11531407|11723967|
|Fund balances<br>carried||||||||
|forward<br>at 31Oecember||9|3,575,853|7174467|2,029,939|12,780,259|11,531,407|






|Fixed assets|||||
|---|---|---|---|---|
|Tangible assets|||||
|Investments|||||
||||Total fixed assets||
|Current assets|||||
|Loans ta member||charities—||10|
|Recoverable|within||one uear||
|Recoverable|after||one gear||
|Other debtars|||||
|Cash at bank and||in hand|||
|||Total current assets|||



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|2021|2020|
|---|---|
|E||
|32,961|47,056|
|9,266,101|8,164,887|
|9989462|8,211,943|
|507„579|477,227|
|2.335.709|2,392,251|
|384i042|334,602|
|674,286|530,661|
|3,90'l„616|3,734,741|
|(419,819]|(415,277)|
|3,481,797|3,319,464|
|12,780,259|11,531,407|
|12780,259|11,531,407|
|2,029,939|1,790,403|
|7,174,467|6,35A364|
|9,204,406|8,144,767|
|378,090|517,527|
|2,34I,691|1,894,948|
|370,000|370,000|
|483,072|604,165|
|3,575,853|3,386,640|
|12,780,259|11,531,407|





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|Statement<br>of Cash Flaws||||||||
|---|---|---|---|---|---|---|---|
|For the gear ended 31December||2021||||||
|||||||2021|2020|
|Cash flows from operating<br>activities||||||||
|Net cash used in operating<br>activities||||||[1.01,336)|(429,203)|
|Cash flows from investing<br>activities||||||||
|Dividends<br>and interest<br>from investments||||||187.D26|207,554|
|Purchase<br>of propertg,<br>plant and equipment||||||(1456)|(20,3941|
|New loans made||||||.(494,932)|(535,120)|
|Repauments<br>of loans made||||||521;122|520,709|
|Proceeds from sale of investments||||||581,653|1,255,58i|
|Purchase<br>of investments||||||l516,371)|(1,25D156)|
|Net cash provided<br>bg investing<br>activities||||||277,242|175,177|
|Analgsls<br>of changes<br>in net cash||||||||
|Change<br>in cash and cash equivalents|in the reporting|||period||175,906|(257,026)|
|Cash and cash equivalents<br>at the beginning|||of the reporting||pened|611513|865,539|
|Cash and cash equivalents<br>at the end|of||the reporting|period||787419|611,513|
|Reconciliation<br>of net income to net||cash flow||||||
|from operating<br>activities||||||||
|Net increase laxpendiiurei<br>for the reporting||period||||||
|les per the statement<br>of Financial<br>eclivitiesi||||||1,248,852|i192,557)|
|Adjustments<br>for:||||||||
|Depreclatton<br>charges||||||15,951|10,251|
|Gains on investments||||||l1,134,215)|(168,230I|
|Dividends<br>and interest<br>from investments||||||(187,026)|F204 554)|
|(Increase)/decrease<br>in debtors||||||(49,440)|(190,290)|
|Increase/(decrease)<br>in creditors||||||4,542|316177|
|Net cash used in operating<br>activities||||||(101,336)|(429,203)|
|Anaigsi-<br>oi' cash end cash equivalents||||||||
|Cash at bank and In hand||||||674,286|530,661|
|Cash held for Fnvestment||||||113,133|80,852|
|Total cash and cash equivalents||||||787,419|611,513|





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|2 Income end endow|2 Income end endow|2 Income end endow|ments|from:|||||
|---|---|---|---|---|---|---|---|---|
|Year ended 31December|||2021||||||
|||||Unrestricted|Restricted|Endowment|;|' ':Tel'i9|
|Gifts, donations<br>and|legacies|||fundsf|funds<br>f|funds||Etfef|
|public fundraising||||104,257|126184||'23tr7447||
|Members'<br>donations||||10,178|248,760||288~||
|Assaciate members'|subscriptions|||2,050||||'2&i0|
|Other vaiuntaru<br>income||||14,006||3,014||17028|
|||||130,491|374,944|3,014|508.'49||
|Charitable<br>activities|||||||||
|Members'<br>subscriptions||||326,451|||.328;451||
|Panel members'<br>subscriptions||||13,212||||13,212|
|Serwces to member|charities|||23,568||||23568|
|Conference<br>and seminar fees||||900||||908|
|Sales af Gazettes and pubbcations||||22,738||||22,738|
|Rent receivable||||11,702||||11,7tP2|
|||||398,571||||398,571|
|investments|||||||||
|Dividends<br>and distnbutions||receivable||951I5|91,814||186,959||
|Interest receivable||||40|27|||67|
|||||95,185|91,841|||187,026|
|Year ended 31 December|||2020||||||
|||||Unrestricted|Restricted|Endowment||Total|
|||||funds|funds|funds||2020|
|Gifts, donations<br>and|legacies|||f|f|||f|
|Public fundraising||||106190|15,500|||121,690|
|Members'<br>donatians||||10,965||||10,965|
|Assooate members'|subscnptions|||1,870||||1,870|
|Other votuntaru<br>income||||20,453||3321||23,774|
|||||139,478|15,500|3,321|158,299||
|Charitable<br>activities|||||||||
|Members'<br>subscnptions||||327,029|||327029||
|Panel members'<br>subscnptions||||11,967||||11,967|
|Services<br>to member|chanties|||25,I 82||||25,I82|
|Conference<br>and seminar fees||||4,100||||4,100|
|Sales af Gazettes<br>snd publications||||23,274||||23,274|
|Rent receivable||||13,692||||13,692|
|||||405,544|||405,544||
|investments|||||||||
|Dividends<br>and distnbutions||receivable||102,052|101,771||203,823||
|interest<br>receivable||||433|298|||731|
|||||102485|102,069||20I,554||





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|3 Expenditure<br>on:|||||||
|---|---|---|---|---|---|---|
||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
||funds|funds|2621|funds|funds|2020|
||||6||E||
|ltaising<br>funds|||||||
|Staff costs (Note 11l|4,911|21,307||31,636|15,487|47123|
|Other direct costs|21,801|8,939||26,271|9,564|35,835|
|Investment<br>management|||||||
|and custodg fees|18,143|1/,858|'33,001|13,857|11,219|25,076|
|Support costs (Note 4(|78,416||78416|/5192||45192|
||123,271|4510/,|168375|'I'(6,956|36,270|1S3,226|
|Charitable<br>activities|||||||
|Grants made||77,220|77420||338,005|338,005|
|Staff costs (Note 11)|253,897||253ABS?|230,380||230,380|
|Other direct costs|65,363|36,834|TQP187|51,736|22,825|74,561|
|Support costs (Note 4l|377,720||377720|333,012||333,012|
||696 980|114054|811034|615128|360830|975958|



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|fi Support costs|fi Support costs|fi Support costs|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Total support costs and|||their|allocation (see||Note||1l were|||||
||||||Staff|||Other|Total|Staff|Other|Total|
||||||costs|||costs|2021|costs|costs|2020|
|||||||||||5|||
|Raising funds|||||46,446|||31,970|78,416|31,290|13,902|/I5,192|
|Chantable|actwities||||223 725|||153,995|377720|230,573|102,439|333,012|
||||||270171|||185,965|456136|261,863|116,341|378,204|
||||||||||||2021|2020|
|The above|costs include.||||||||||f|5|
|Depreciation|||||||||||15,951|10,251|
|Legal and|professional|costs|||||||||23,226|8,226|
|Auditor's|remuneration,||including||expenses|and|VAT, for auditing||the financial|statements.|||
|Current|gear||||||||||10,580|10,500|
|Prior gear under accruai||||||||||||4,593|



|5 Tang(tile|fixed assets|Freehold<br>propertg|Furniture<br>6<br>equipment|Total|
|---|---|---|---|---|
|Cost||E|||
|At 1 Januarg<br>2021||118,372|130,083|2/8,455|
|Additions|||1,256|1,256|
|At 31December|2021|118,372|131,339|2/ 9,711|
|Depreciation|||||
|At 1 Januarg<br>2021||111,569|89,830|201,399|
|Charge for the|gear|/,311|1164G|15,951|
|At 31December|2021|115,880|101/70|217350|
|Net book values|||||
|At 31 December|202G|6,803|/ L,253|47056|
|At 31December|2021|2,492|29869|32,361|





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|6 Investments||||||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
||||||||6|
|Investments<br>listed on|a recognised|||stock|exchange|||
|Market value on 1)anuaru||||||7.484,t135|7,321,233|
|Add<br>Additions<br>at cost||||||'518311|1,250,156|
|Less: Disposal proceeds||||||(581,653)|(125558/I|
|Net gain on revaluation||||||1,894,2)5|168,230|
|Market value at 31December||||||8,452/988|7,484,035|
|Cash and settlements|pending|||||||
|held as part of the investment|||portfolio|||103.133|80.852|
|||||||8586101|7564,987|
|Investment<br>Propertg at Valuation||||||780,000|600000|
|Investments<br>held||||||9266101|9,164,987|
|Listed investments<br>at|cost|||||9,'67744I|6,596,299|
|Listed Investments<br>(worldwide)||||||||
|Equities||||||fv762770|4,029,115|
|Alternatwes||||||807174|61S,890|
|Diversified<br>investment|Funds|(M&G||Charitu|Multi Asset Fund)|2,277969|2,089,795|
|Fixed Income||||||605,555|749,255|
|Cash held bg brokers for investment||||||113133|80,852|
|||||||9,566,101|7564,887|



|At 31December 2021, the investment|At 31December 2021, the investment|At 31December 2021, the investment|portfolio|portfolio|included|the following|investments|which represent|a matenal|
|---|---|---|---|---|---|---|---|---|---|
|proportion|of the portfolio as|a whole.||||||||
|||||||Market value||% of|portfolio|
|Diversified|Investment<br>Funds|(M&G Chantu||Multi Asset||Fund)|2,277969||2/I.58%|
|Waverton|Sterling Bond Fund|'A' inc|||||302,760||327%|
|Waverton|Asia Pacific Fund<br>'A'||||||278,226||3.00%|
|Waverton|Global Strategic Bond Fund||'A' Inc||||2/ 2,520||262%|
|Home Depot Inc|||||||205,291||222%|





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|7 Other Debtors||||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2021|2020|
|||||||||'K||
|Debtors||||||||Z99218|259,689|
|Prepauments<br>and accrued||income||||||Be926|74,913|
||||||||||334,602|
|8 Creditors: amounts|||falling due within<br>one|||gear||2821<br>E|2020<br>f|
|Trade creditors||||||||4,183'|10,682|
|Accruals<br>and deferred<br>income||||||||415;716|391,999|
|Tax and Social Secuntu|||||||||12,596|
|||||||||I19,819|415,277|
|9 Funds||||||||||
|Year ended 31December|2021||||Balance at|Income|Expenditure|Investment|Balance at|
||||||1 Januarg|||gains|31December|
||||||2021<br>f||f|and transfers|2021t|
|Endowment<br>funds||||||||||
|CJ and EJ Melbourne<br>Fund|||||342,153|3,01/||44,846|390,013|
|St John's Housing<br>Association|||Fund||1,117,79/|||147,941|1,265,735|
|The Almshouse<br>Chnstmas||Fund|||330,/ 56|||43,735|374,191|
||||||1,790,403|3,014||236,522|2,029,939|
|Restricted funds||||||||||
|Held for almshouse<br>improvement||||||||||
|and support<br>generallg||||||||||
|The Almshouse<br>Association|||||2,483,997|384,305|(48,511)|11/,529|2,934,320|
|The Thomas<br>Groves Trust|for||Almshouses||373203|3|(485)||372,721|
||||||2,857,200|3BI,308|(48,996)|114,529|3,307,041|
|~eld for specified recipients||||||||||
|or almshouse<br>groups|||||117,560||||117,560|
|The Edward<br>Kemp Almshouse|||Trust||2,473,250|57,778|(6'3,500)|309,I1/|2,776,942|
|The Jubilee Cottages Trust|||||92,625||'(300)||92,325|
|The Cragmer<br>London Trust|||||3C3,065|8,507|(520)|/,5,558|396,610|
|The Alfred Wilson Charitg|I'or Almshouses|||Trust|133,947||(35,480)||98,467|
|The Almshouse<br>Chnstmas||Fund|||3,490|8,167|(10,062)||1,595|
|The Marg Joan Hawleu<br>Fund|||||333,227|8,025|(300i|I2,975|383,927|
||||||6,354,364|466,785|(159158)|512,C76|7174 /,67|
|Unrestricted<br>I'unde||||||||||
|General funds|||||517527|624 2/7|(699158)|(6/ 526)|378,090|
|Designated<br>funds||||||||||
|Investment<br>reserve|||||1,894,9/ 8|||4C9,7/ 3|2,3/ 4,691|
|Terminal<br>reserve|||||370,000||||370,000|
|Strategic<br>plan reserve|||||60/,165||(121,093)||/83,072|
||||||3,386,6/IQ|624,247|(820,251l|395,217|3,575,853|
|Totai funds|||||11531C07|1094046|(979LGB)|1,134,215|12780 259|





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|9 FIJT)dS (continued)|9 FIJT)dS (continued)||||||||
|---|---|---|---|---|---|---|---|---|
|Year ended 31December||2020|Balance at||Income|Expenditure|Investment|Balance at|
|||||I Januarg|||gains and|31December|
|||||2020|||transfers|2020|
|||||f|||F|f|
|Endowment<br>funds|||||||||
|CJ and EJ Melbaume<br>Fund||||327,919|3,321||10,913|342153|
|St John's Housing<br>Associatton||Fund||1,081,791|||36,003|1,117,794|
|The Almshouse<br>Christmas|Fund|||319,813|||10,643|330,456|
|||||1729523|3321||57559|1790403|
|Restricted<br>funds|||||||||
|I-Ieid For almshouse<br>impravement|||||||||
|and support<br>generallg|||||||||
|The Almshause<br>Association||||2,793,143|26,016|(347,331)|12,169|2,483,997|
|The Thomas<br>Groves Trust for||Almshouses||373,640|48|(495)||373,203|
|||||3,166783|26,064|(347816)|12,169|2,957,200|
|Held far specified recipients|||||||||
|ar almshouse<br>groups||||117,560||||117,560|
|The Edward<br>)temp Almshouse||Trust||2,337,347|63,524|(2,920)|75,299|2,473,250|
|The Jubilee Cottages<br>Trust||||92,925||(300)||92,625|
|The Craumer<br>London Trust||||333,133|9,354|(10,509)|11,087|343,065|
|The Alfred Wi(san Charitg for||Almshouses|Trust|159417||(25,470)||133,947|
|The Almshouse<br>Christmas|Fund|||3,471|9,803|(9,784)||3,490|
|The Marg Joan Hawleg<br>Fund||||314,246|8823|(300)|10,456|333227|
|||||6,524,882|117568|(397099)|109,013|6354 364|
|Unrestricted<br>funds|||||||||
|General<br>funds||||521,563|647507|(651,57 3)||517,527|
|Designated<br>funds|||||||||
|Investment<br>reserve||||1,893,290|||1,658|1,894,948|
|Terminai reserve||||370,000||||370,000|
|Strategic plan reserve||||684706||(80541)||604,165|
|||||3,469,559|647,507|(732,084)|1,658|3,386,640|
|Total funds||||11,723,964|768,396|(1,129,183)|168,230|11,531,407|





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|10 Ane(gsis<br>of net a|10 Ane(gsis<br>of net a|10 Ane(gsis<br>of net a|ssets|bg f|und||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Year ended 31December|||2021||||||||
||||||Unrestricted||funds|Restricted|Endowment|Tatal|
||||||General|Designated||funds|funds|funds|
||||||||||2||
|Tangible<br>fixed assets|||||32,361|||||32,361|
|Investments|||||212,211||3,197,763|3,832,524|2,023,603|9,266,101|
|Cash and deposrts|||||249,303|||424,983||674,286|
|Loans to member<br>chanties|||(see below)|||||2,843,288||2,843,288|
|Other current assets|||||||||||
|(excluding<br>loans), less|liabilities||||(115,785)|||73,672|6,336|(35,777)|
||||||378,090||3197763|7174,467|2,029,939|12,780,259|
|Linreaased<br>gains included|above||||57,930||872,934|1,046,212|552 408|2529484|
|Year ended<br>31December|||2020||||||||
||||||Unrestricted||funds|Restricted|Endowment|Total|
||||||General<br>5|Designatedf||funds<br>8|funds|1UIids<br>5|
|Tangible<br>fixed assets|||||77,056|||||47056|
|Investments|||||124,117||2,869,113|3,384,574|1,787,083|8,164,887|
|Cash and deposits|||||397,496|||133165||530,661|
|Loans to member<br>chanties|||(see below)|||||2,869,778||2,869,478|
|Other current assets|||||||||||
|(excluding<br>loans), less Babilities|||||(51,142I|||(32,853)|3,320|(80,67SI|
||||||517527||2,869,113|6354 364|1,790,403|11,531,407|
|Unrealised<br>gains included|above||||22,945||530,399|625,689|330 369|1,509,402|
|The totai unrealised<br>gains|as at 31December 2021||||||||||
|constitute<br>movements<br>on|revaluation|||and|are as follows||||2021|2020|
|||||||||||6|
|Unrealisad<br>gains included||above|||||||||
|On investments|||||||||1,888,670|968,588|
|Qn Investment<br>propertg|||||||||640,814|540,814|
|Total unrealised<br>gains at 31||December|||||||2,529,484|1,509,402|
|Reconciliation<br>of movements|||in unraalised||gains||||||
|Unrealised<br>gains at 1 Januaru|||||||||1,509,402|1,210,i 39|
|Less<br>in respect to disposals|||in the gear||||||(114,133l|130,733|
||||||||||1,395,269|1,341,172|
|Add<br>net gains ansing<br>on revaluation||||during|the gear||||1,134,215|168,230|
|Total unrealised<br>gains at|31||December||||||2,529,484|1,509,i 02|





## 

|Loans to member|charities|bgi||The|The Thomas|The Edward|The Edward|The Edward|Other|Total|
|---|---|---|---|---|---|---|---|---|---|---|
||||Almshouse||Groves Trust||Kemp||Funds||
||||Association||for Almshouses|Almshouses|Trust||||
|||||E|6||||E|f|
|At1)anuarg<br>2021|||2,598,137||114,556||77,248||79,537|2,869,478|
|Loans made|||275,r 56||||219,476|||494,932|
|loans repaid|||(462,9S2)||i31,710)||i8,925)||(17,535)|(521,122)|
|At 31December 2021|||2,410,641||82,846||287798||62,002|2,843,288|
|Due within<br>one gear|||432,398||33,286||24,360||17535|507,579|
|Commitments|||||||||||
|)he Association<br>was, at 31December|||2021, committed||to make available|to the trustees||of|member<br>almshouse||
|charities<br>loans of 6723,244 (2020:6495,607).|||||||||||
|11Empiol)ees|and emp(olfee||costs||||||2021|2020|
|Salanes|||||||||458,734|455,007|
|Social secunty costs|||||||||r 1,630|I0,855|
|Emploger's<br>pension|contnbutions||||||||40,547|38,200|
||||||||||540811|534062|
|Full-time<br>equmalent|number|of emplogees|||||||9.8|10.2|
|The above costs were a((ocated to|||||2021|Number<br>2020|||Emplogee costs<br>2021<br>2020||
|Raising funds|||||0.5||09||26,218|47123|
|Costs of chantabie|activities||||4.6||||253,897|230,380|
|Support costs|||||4.7||4.9||260,796|256,559|
||||||98|102|||540,911|534,062|





## 

## 

|202f|'.|2020|
|---|---|---|
|2||f|
|B74096||28,928|





## 

||Notes|Unrestricted|Restricted|Endowment|Total|
|---|---|---|---|---|---|
|||funds|I'unde|funds|2020|
|||f|F|||
|Income snd endowments|from:|||||
|Gifts, donations<br>snd legacies||139478|15,500|3,321|158,299|
|Charitable<br>activities||405,544|||405,544|
|Investments||102,485|102,069||204554|
|Total||847507|117569|3321|768,397|
|Expenditure<br>on:||||||
|Raising funds||116,956|36,270||153,226|
|Chantabls<br>activities||615,128|360,830||975,958|
|Total||732,084|397100||1,129,184|
|Net (expenditure)/income||||||
|before investment<br>(lossesl/gains||(84,577)|(279,5311|3,321|(360,787)|
|Net (losses)/gains<br>on investrnsnts||1,658|109,013|57,559|168,230|
|Net movement<br>in funds||(82,919)|(170,5181|60,880|(192,557)|
|Reconclgatlon<br>of funds||||||
|Total fund baiances<br>brought|forward at 1Januarg|3,469,559|6,524,882|1,729,523|11,723,964|
|Fund balances<br>carried||||||
|forward<br>at 31December|9|3,386,640|6,354,364|1,790,403|11,531,407|





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