2020-12-31-accounts - The James Weir Foundation

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`Reference and administrative`	`information`
`Trustees:`	`Simon Bonham`
	`Mrs Elizabeth Ann Bonham`
	`William Jay Ducas`
`Principal Office:`	`Apt 309`
	`5 Eastfields Avenue`
	`London`
	`SW18 1FU`
`Accountants:`	`Mercer & Hole Trustees Limited`
	`Gloucester House`
	`72 London Road`
	`St Albans`
	`Herts`
	`AL1 1NS`
`Auditors:`	`Mercer & Hole`
	`Chartered Accountants`
	`72 London Road`
	`St Albans`
	`Herts`
	`AL1 1NS`
`Bankers:`	`CAFBankLimited`
	`25 Kings Hill Avenue`
	`WestMalling`
	`Kent`
	`ME19 4JQ`
`Investment Managers:`	`Sarasin & Partners`
	`100 St Paul’s Churchyard`
	`London`
	`EC4M 8BU`

		`Expendable`	`Unrestricted`	`2020`	`2019`
		`Endowment`	`Income`	`Total`	`Total`
	`Note`	`Funds`	`Funds`
`Income and endowments:`		`£`	`£`	`£`	`£`
`Income from investments`	`3`	`-`	`283,063.09`	`283,063.09`	`290,113`
`Rebates on investment managementcosts`		`64,998.70`	`:`	`64,998.70`	`61,623`
`Total income and endowments`		`64,998.70`	`283,063.09`	`348,061.79`	`351,736`
`Expenditure on:`
`Costs of raising funds`
`Investment managementcosts`	`4`	`49,553.56`	`-`	`49,553.56`	`47,983`
`Charitable activities`	`a`	`-`	`261,844.49`	`261,844.49`	`294,238`
`Total expenditure`		`49,553.56`	`261,844.49`	`311,398.05`	`342,222`
`Net gains/(losses) on investments`	`6`	`656,981.84`	`=`	`656,981.84`	`1,271,786`
`Net income/(expenditure)`		`672,426.98`	`21,218.60`	`693,645.58`	`1,281,300`
`Net movementin funds`		`672,426.98`	`21,218.60`	`693,645.58`	`1,281,300`
`Reconciliation of funds`
`Total funds brought forward`		`9,076,017.97`	`243,361.93`	`—9,319,379.90`	`8,038,080`
`Total funds carried forward`	`8`	`9,748,444.95`	`264,580.53`	`10,013,025.48`	`9,319,380`

`Balance sheet`
`31 December 2020`
	`Note`		`2020`		`2019`
		`£`	`£`	`£`	`£`
`Fixed assets`
`Listed investments at market value`	`6`		`9,956,135.00`		`9,276,349`
`Total fixed assets`			`9,956,135.00`		`9,276,349`
`Current assets`
`Balance with investment managers`		`2.42`		`7,377`
`Balance at CAF Bank`		`62,768.06`		`40,214`
`Total current assets`		`62,770.48`		`47,591`
`Currentliabilities`
`Creditors: Amounts falling due within one year`	`7`	`5,880.00`		`4,560`
		`5,880.00`		`4,560`
`Net current assets`			`56,890.48`		`43,031`
`Total net assets`			`10,013,025.48`		`9,319,380`
`The fundsof the charity:`
`Expendable endowmentfunds(page 7)`			`9,748,444.95`		`9,076,018`
`Unrestricted income funds (page 7)`			`264,580.53`		`243,362`
`Total charity funds`	`8`		`10,013,025.48`		`9,319,380`

`3.`	`Investment income`	`2020`	`2019`
		`£`	`£`
	`Dividends`	`283,013.38`	`289,993`
	`Deposit interest`	`49.71`	`120`
		`283,063.09`	`290,113`
`4.`	`Cost of generating funds`	`2020`	`2019`
		`£`	`£`
	`Investment managementcharges`	`49,553.56`	`47,983`

`Charitable activities`	`2020`	`2019`
	`£`	`£`
`Charitable activities`	`261,844.49`	`294,238`
`The breakdownofcharitable activities is as follow:`
	`2020`	`2019`
	`£`	`£`
`Grants - see pages 14 to 15`	`239,000.00`	`272,000`

`Governance costs`	`2020`	`2019`
`Expendable endowmentfunds`
`Accountancy charges - Capital`	`-`	`-`
`Unrestricted income funds`
`Accountancy charges - Income`	`8,880.00`	`9,720`
`Audit fee`	`2,400.00`	`2,400`
`Non-Trustee Secretary's Honorarium (note below)`	`7,821.86`	`6,429`
	`19,101.86`	`18,549`
`Note:`
`The Non-Trustee Secretary's Honorariumtotalling £7,821.86 includes 13 payments. The 2019 figure of`
`£6,429 includes 11 payments. The adjusted figure for 2020 is £7,237.44 and the adjusted figure for 2019 is`
`£7,013.04,`
`Administration costs`	`2020`	`2019`
	`£`	`£`
`Generaladministration expenses`	`3,032.63`	`2,995`
`Subscription paid to Association of Charitable Foundations`	`645.00`	`635`
`Bank charges`	`65.00`	`60`
	`3,742.63`	`3,690`
`Total Charitable activities`	`261,844.49`	`294,238`

`Fixed asset investments`	`2020`	`2019`
`Movementin fixed assetlisted investments`	`£`	`£`
`Marketvalue at 1 January 2020`	`9,276,349.00`	`7,994,483`
`Additions`	`22,804.16`	`10,080`
`Net unrealised investment gains/(losses)`	`656,981.84`	`1,271,786`
`Market value at 31 December 2020`	`9,956,135.00`	`9,276,349`
`Historical cost at 31 December 2020`	`7,129,709.24`	`7,106,905`

`7.`	`Analysis ofliabilities`		`2020`	`2019`
	`Amountfalling due within one year`		`£`	`£`
	`Accountants' charges`		`3,480.00`	`2,160`
	`Audit fees`		`2,400.00`	`2,400`
			`5,880.00`	`4,560`
`8.`	`Analysis of net assets between funds`	`Endowments`	`Unrestricted`	`Total`
		`Funds`	`Funds`	`Funds`
		`£`	`£`	`£`
	`Investment assets`	`9,748,444.95`	`207,690.05`	`9,956,135.00`
	`Net current assets`	`-`	`56,890.48`	`56,890.48`
		`9,748,444.95`	`264,580.53`	`10,013,025.48`

`10.`	`Commitments`		`Brought`	`(Paid)/Added`	`Carried`
		`Year`	`forward`	`during the year`	`forward`
			`£`	`£`	`£`

`Comparative fund split`
		`Expendable`	`Unrestricted`	`2019`
		`Endowment`	`Income`	`Total`
	`Note`	`Funds`	`Funds`
`Income and endowments:`		`£`	`£`	`£`
`Income from investments`		`-`	`290,113`	`290,113`
`Rebates on investment managementcosts`		`61,623`	`-`	`61,623`
`Total income and endowments`		`61,623`	`290,113`	`351,736`
`Expenditure on:`
`Costs of raising funds`
`Investment managementcosts`	`>»`	`47,983`	`-`	`47,983`
`Charitable activities`		`-`	`294,238`	`294,238`
`Total expenditure`		`47,983`	`294,238`	`342,222`
`Net gains/(losses) on investments`		`1,271,786`	`-`	`1,271,786`
`Net income/(expenditure)`		`1,285,425`	`(4,125)`	`1,281,300`
`Net movementin funds`		`12,885,425`	`(4,125)`	`1,281,300`
`Reconciliation of funds`
`Total funds brought forward`		`7,790,593`	`247,487`	`8,038,080`
`Total funds carried forward`		`9,076,018`	`243,362`	`9,319,380`