##
|||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)|
##