##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||||||2020|2019|
|---|---|---|---|---|---|---|---|---|
|||||||Note|||
|Income|||||||||
|Donations and legacies|||||||||
|Donations
and legacies|||||||72,560|219,431|
|Donation as contribution||for administration|||costs||48,862|51,872|
||||||||121,422|271,303|
|Investment
income (before capital||gains|/ losses)||||109,940|102,948|
|Total income|||||||231,362|374,251|
|Expenditure|||||||||
|Expenditure
on charitable activities|||||||||
|Grants|||||||175,020|152,950|
|Administration
and other||costs|||||48,862|51,872|
|Total expenditure|||||||223,882|204,822|
|Net income before net gains and||losses|||||||
|on investments|||||||7,480|169,429|
|Net (losses) / gains on revaluation
ofinvestments|||||||(164,423)|212,757|
|Net movement
in funds|||||||(156,943)|382,186|
|Reconciliation offunds|||||||||
|Total funds brought forward|||||||3,238,015|2,855,829|
|Total funds carried forward|||||||3,081,072|3,238,015|
|Statement ofCash Flows|||||||||
||||||||2020|2019|
|||||||Note|||
|Net cash (used in) / provided|by|operating
activities|||||(105,686)|480,727|
|Cash flow from investing
activities|||||||||
|Investment
income|||||||109,940|102,948|
|Purchase ofinvestments||||||||(558,000)|
|Net cash provided by/(used|in) investing|||activities|||109,940|(455,052)|
|Increase in cash and cash equivalents|||in the year||||4,254|25,675|
|Cash and cash equivalents
at the beginning||||ofthe year|||119,903|94,228|
|Total cash and cash equivalents
atthe|||end ofthe||year||124,157|119,903|
##
|Balance Sheet a|s at 31 D|ecember||||
|---|---|---|---|---|---|
|||||2020|2019|
||||Note|||
|Fixed assets||||||
|Investments|||8|2,845,794|3,010,217|
|Long-term
loans||||||
|Loans to SPA members|repayable|in more than one year||61,622|68,240|
|Current assets||||||
|Loans to SPA members|repayable|in less than one year||7,173|1,540|
|Accrued income||||lp496|10,670|
|Other debtors||||44,434|28,847|
|Cash and cash equivalents||||124,157|119,903|
|||||177,260|160,960|
|Current liabilities||||||
|Creditors falling due within one||year||3p604|1,402|
|Net current assets||||173,656|159,558|
|Net assets||||3,081'072|3,238,015|
|The funds ofthe Association||||||
|Unrestricted
income funds||||3,081,072|3,238,015|
|Total funds||||3,081'072|3,238,015|
||deposits ofless than 3months duration.|from the spouse ofaTrustee|amou|nting
toE12|0.|
|---|---|---|---|---|---|
|g)|Individual
grants are included in the Statement ofFinancial|||||
||Activities when they have been authorised
by the Trustees|||||
||and the costs necessitating
the grant has been incurred|6. Reconciliation ofnet movement||in funds to|net cash|
||by the pensioner. However, non-specific grants, such|(used in) / provided
by operating||activities||
||asChristmas
grants, are included in the Statement of|||2020|2019|
||Financial Activities inthe year forwhich the grant ismade.|||||
|h)|Accommodation,
office services and other administration|Net movement
in funds||(156,943)|382,186|
||costs, together with the employment
costs ofthe Secretary,|Deduct investment
income||(109,940)|(102,948)|
||are contributed
by Shell International
Limited. An|Add / (deduct) net losses / (gains)||||
||estimate ofthe costofthese services is,in accordance with|on revaluation
ofinvestments||164,423|(212,757)|
||the Statement ofRecommended
Practice, included in the|New loan||(5,955)|(4,000)|
||Financial Statements
as both adonation and an expense.|Loan repayments||6,940|40,350|
||No cost isincluded in the Financial Statements for the
Trustees, who give their services free, orfor the support by
the Pensioner Programme
Officers who make visits toShell
pensioners to discuss their needs.|Shares received as alegacy
(Increase)
/ decrease in debtors
Increase
/ (decrease) in creditors
Net cash (used in) / provided
by||(6,413)
2,202|(363,105)
750,099
(9,098)|
|||operating
activities||(105,686)|480,727|
|.|Donations and legacies
2020
2019|||||
||Donations
Legacies
36,475
36,085
48,174
171,257|7. Cash and cash equivalents||2020|2019|
||Total
72,560
219,431|Interest-earning
cash at banl&||98,544|35,352|
|||Other cash at bank||25,613|84,551|
||Donations
included
unconditional
donations
from
|||124,157|119,903|
|8.|Investments|||2020|2019|
|---|---|---|---|---|---|
||Net (losses) /gains on investments|||||
||(realised and unrealised):|||||
||COIF Charities|Fixed Interest Fund||14,270|21,783|
||COIF Charities|Investment|Fund|27,942|65,757|
||COIF Charities|Global Equity||||
||Income Fund|||74,042|76,020|
||COIF Charities|Property Fund||(21,557)|(8,799)|
||MUG Charifund|||(75,816)|39,786|
||Shares|||(184,304)|16,272|
||Permanent
Interest Bearing||Shares|||
||(PIBS)|||1,000|1,938|
|||||(164,423)|212,757|
||The movement|in the market|value|||
||during the year:|||||
||At 1January|||3,010,217|1,876,355|
||Purchases
at cost||||558,000|
||Shares received|as alegacy|||363,105|
||Net (losses) / gains|||(164,423)|212,757|
||At 31December|||2,845,794|3,010,217|
||The market value at 31December:|||||
||COIF Charities|Fixed Interest Fund||538,449|524,179|
||COIF Charities|Investment|Fund|478,854|450,912|
||COIF Charities|Global Equity||||
||Income Fund|||491,884|417,842|
||COIF Charities|Property Fund||386,055|407,612|
||MUG Charifund|||361,179|436,995|
||Shares|||557,123|741,427|
||Permanent
Interest Bearing||Shares|||
||(PIBS)|||32,250|31,250|
|||||2,845,794|3,010,217|
||Historic cost at 31December|||2,555,418|2,555,418|
##
##
|Loans to SPA m|embers are unsecured|and intere|st free.|
|---|---|---|---|
|The change in the|number ofloans:|2020|2019|
|At 1January||23|29|
|Fully repaid||(3)|(7)|
|||20|22|
|New loan||1|1|
|At 31December||21|23|
|The movement
in|the amount ofloans|||
|during the year:||||
|At 1January||88,243|124,593|
|Repayments||(6,940)|(40,350)|
|||81,303|84,243|
|New loan||5,955|4,000|
|At 31December||87,258|88,243|
|The outstanding|loans at|||
|31December:||||
|Undated
loans repayable||||
|in more than one|year|68,684|79,387|
|Dated loans repayable||||
|in more than one|year|10,681|6,596|
|||79,365|85,983|
|Provision for bad|and|||
|doubtful
loans||(17,743)|(17,743)|
|Loans repayable|in more than|||
|one year, net ofprovision||61,622|68,240|
|Undated
loans repayable||||
|in less than one year||6,141||
|Dated loans repayable||||
|in less than one year||1,752|2,260|
|||7,893|2,260|
|Provision for bad||||
|and doubtful
loans||(720)|(720)|
|Loans repayable
in less||||
|than one year, net ofprovision||7,173|1,540|
##
##
##
##
##
##
##
##
##
|illustrat|e
the trend of|the Association|in pursuance|ofits object.|||||
|---|---|---|---|---|---|---|---|---|
|||||||||6thousands|
|||||||||Net|
||Investment|||Surplus|Loans|Loans|Loans less|benevolence|
||income|Donations|Grants|(deficit)|repaid|made|repayments|cash|
|2011|81.1|52.8|(113.3)|20.6|23.4|(26.3)|(2.9)|17.7|
|2012|90.8|54.4|(134.6)|10.6|27,1|(14.9)|12,2|22.8|
|2013|85.8|55.0|(131.8)|9.0|21.5|(14.6)|6,9|15.9|
|2014|79.9|54.5|(132.0)|2.4|18,6|(10.6)|8.0|10.4|
|2015|79,4|52.4|(155.1)|(23.3)|35,9|(28.8)|7,1|(16.2)|
|2016|81,4|47.2|(111.0)|17.6|24.0|(8.9)|15.1|32.7|
|2017|84.9|44.9|(152.0)|(22.2)|15.3|(3.6)|11.7|(10.5)|
|2018|83.1|46.5|(178.3)|(48.7)||(20.0)|4.4|(44.3)|
|2019|102.9|48.2|(153.0)|(19)|40.3|(4.0)|36.3||
|2020|109.9|36.5|(175.0)|(28.6)|6,9|(5.9)|1.0|(27.6)|
||879.2|492.4|(1,436.1)|(64.5)|237.4|(137.6)|99.8|35.3|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##