2021-06-30-accounts

		Page
Report ofthe Trustees	1	to	4
Report ofthe Independent Auditors	5	to	8
Statement ofFinancial Activities
Balance Sheet	10	to	11
Notes to the Financial Statements	12	to	16
Detailed Statement ofFinancial Activities		17

		for the er	iod 6th A	ril 2020 to 30t	h June 2021
						Period
						6/4/20
						to	Year Ended
						30/6/21	5/4/20
				Unrestricted	Endowment	Total	Total
				fmid	fund	funds	funds
			Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies				855		855
Investment income			2	464,877	6,595	471,472	324,385
Total				465,732	6,595	472,327	324,385
EXPENDITURE	ON
Raising funds					45,815	45,815	55,904
Charitable activities
Grant assistance				267,973		267,973	341,302
Total				267,973	45,815	313,788	397,206
Net gains/(losses)	on investments				3,477,158	3,477,158	1,292,225
NET INCOME/(EXPENDITURE)				197,759	3,437,938	3,635,697	(1,365,046)
Transfers between funds			10	(89,507)	89,507
Net movement in	funds			108,252	3,527,445	3,635,697	(1,365,046)
RECONCILIATION		OF FUNDS
Total funds brought		forward		102,245	9,198,855	9,301,100	10,666,146
TOTAL FUNDS	CARRIED FORWARD			210,497	12,726,300	12,936,797	9,301,100

				30/6/21	5/4/20
		Unrestricted	Endowment	Total	Total
		fund	fund	funds	funds
	Notes
FIXEDASSETS
Investments			12,726,300	12,726,300	8,630,244
CURRENT ASSETS
Debtors		86,301		86,301	11,253
Cash at bank		127,039		127,039	687,162
		213,340		213,340	698,415
CREDITORS
Amounts falling due within one year		(2,843)		(2,843)	(27,559)
NET CURRENT ASSETS		210,497		210,497	670,856
TOTAL ASSETSLESSCURRENT
LIABILITIES		210,497	12,726,300	12,936,797	9,301,100
NET ASSETS		210,497	12,726,300	12,936,797	9,301,100

INVEST	MENT INCOME
		Period
		6/4/20
		to	Year Ended
		30/6/21	5/4/20
Rebates		6,595
Dividend	income	403,458	262,877
Interest -	Fixed interest securities	54,607	59,058
Interest receivable		6,812	2,450
		471,472	324,385

Investme	nt management costs
		Period
		6/4/20
		to	Year Ended
		30/6/21	5/4/20
Portfolio	management	45,815	55,904

Trustees'	expenses
		Period
		6/4/20
		to	Year Ended
		30/6/21	5/4/20
Trustees'	expenses	200	200

The average month	ly number ofem	ployees during the period was a	s follows:
				Period
				6/4/20
				to	Year Ended
				30/6/21	5/4/20
Administration					1
No employees received emoluments		in excess off60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL			ACTIVITIES
			Unrestricted	Endowment	Total
			fund	fund	funds
INCOME AND ENDOWMENTS		FROM
Investment income			324,385		324,385
EXPENDITURE	ON
Raising funds				55,904	55,904
Charitable activities
Grant assistance			341,302		341,302
Total			341,302	55,904	397,206
Net gains/(losses)	on investments			~1,292,225)	~1,292,225
NKT INCOME/(EXPENDITURE)			(16,917)	(1,348,129)	(1,365,046)

			The Jose h and Annie Cattle Trust	The Jose h and Annie Cattle Trust	The Jose h and Annie Cattle Trust
			Notes to the Financial Statements - continued
			for the	eriod 6th A	ril 2020 to 30th June 2021
	COMPARATIVES	FOR	THE STATEMENT		OF FINANCIAL ACTIVITIES - continued
					Unrestricted	Endowment		Total
					fund	fund		funds
	RECONCILIATION	OF	FUNDS
	Total funds brought	forward			119,162	10,546,984		10,666,146
	TOTAL FUNDS CARRIED FORWARD				102,245	9,198,855		9,301,100
7.	FIXEDASSETINVESTMENTS
					Listed	CCLA Fund
					investments	Managers		Totals
	MARKET VALUE
	At 6th April 2020				8,532,140	98,104		8,630,244
	Additions					11,681,381	11,681,381
	Dispo sais				(8,532,140)		(8,532,140)
	Revaluations					946,815		946,815
	At 30th June 2021					12,726,300	12,726,300
	NET BOOK VALUE
	At 30th June 2021					12,726,300	12,726,300
	At 5th April 2020				8,532,140	98,104		8,630,244
	There were no investment assets outside the UK (2020 - 13,574,112).
	Material investments	exceeding 5%ofthe market			value ofthe portfolio are:—
							2021	2020
	JP Morgan Asset Managers							534,933
	(2020 — 627,635.1)US Equity Income C Income
	Cost or valuation at 30th June 2021			is represented	by:
							CCLA Fund
								Managers
	Valuation in 2021							946,815
	Cost						11,779,485
							12,726,300

	for the eriod 6t	for the eriod 6t	for the eriod 6t	h A ril 2020 to 30th June 2021	h A ril 2020 to 30th June 2021
8.	DEBTORS:AMOUNTS FALLING DUE			WITHIN ONE YEAR
						30/6/21	5/4/20
	Other debtors					86,301	11,253
9.	CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR
						30/6/21	5/4/20
	Other creditors					2,843	27,559
10.	MOVEMENT IN FUNDS
					Net	Transfers
					movement	between	At
				At 6/4/20	in funds	funds	30/6/21
	Unrestricted funds
	General fund			102,245	197,759	(89,507)	210,497
	Endowment funds
	Expendable Fund			9,198,855	3,437,938	89,507	12,726,300
	TOTAL FUNDS			9,301,100	3,635,697		12,936,797
	Net movement in funds, included		in the above are as follows:
				Incoming	Resources	Gains and	Movement
				resources	expended	losses	in funds
	Unrestricted funds
	General fund			465,732	(267,973)		197,759
	Endowment funds
	Expendable Fund			6,595	(45,815)	3,477,158	3,437,938
	TOTAL FUNDS			472,327	~313,788	3,477,158	3,635,697
	Comparatives for movement	in	funds
						Net
						movement	At
					At 6/4/19	in funds	5/4/20
	Unrestricted funds
	General fund				119,162	(16,917)	102,245
	Endowment funds
	Expendable Fund				10,546,984	(1,348,129)	9,198,855
	TOTAL FUNDS				10,666,146	~1,365,046	9,301,100

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrestricted	funds
General fund		324,385	(341,302)		(16,917)
Endowment	funds
Expendable	Fund		(55,904)	(1,292,225)	(1,348,129)
TOTAL FUNDS		324,385	~397,206)	~),292,225)	~),365,046)