##
|||||Page|
|---|---|---|---|---|
|Report ofthe|Trustees||||
|Independent|Examiner's||Report||
|Statement
of|Financial|Activities|||
|Balance Sheet|||||
|Notes to the Financial||Statements|||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||||2020||2019|
|---|---|---|---|---|---|---|---|
||||Notes|6|E|f|E|
|INCOME AND ENDOWMENTS||||||||
|Voluntary
Income:||||||||
|Donations|—General|||2,070||6,038||
|Donations|—50'" Anniversary||Appeal|2,245||||
|||||4,315||6,038||
|Legacies
—General||||68,074||||
||||||72,389||6,038|
|Income from activities
in furtherance||ofcharitable||||||
|objects:||||||||
|Members|subscriptions|||9,484||24,288||
|Meals and|transport|||2,134||8,773||
||||||11,618||33061|
|Income from activities for generating||funds:||||||
|Other
—General|||||2,702||3,641|
|Investment
income|||||9,455||11'69|
|Other operating
income||||||||
|Job retention
scheme grants|||||23,612|||
|TOTAL INCOME AND ENDOWMENTS|||||119,776||54,309|
|EXPENDITURE||||||||
|Cost ofgenerating
funds||||||||
|Cost ofactivities for charitable|objectives||2b(i)||56,895||63,643|
|Support costs|||2b(ii)||6,095||6,825|
|TOTAL EXPENDITURE|||||62,990||70,468|
|GAINS AND LOSSES ON INVESTMENTS||||||||
|Net gain /|(loss) on sale of investment||||(3,859)||1,156|
|Net gain /|(loss) on revaluation||ofinvestments||(5,663)||24,059|
|TOTAL GAINS / (LOSSES)ON INVESTMENTS|||||(9,522)||25,215|
|NET INCOME/(EXPENDITURE)|||||47,264||9,056|
|NET MOVEMENT OF FUNDS|||||47,264||9,056|
|BALANCE AT 1JANUARY 2020|||||317,722||308,666|
|BALANCE AT31DECEMBER 2020|||||364,986||317,722|
##
|||||||||2020|2019|
|---|---|---|---|---|---|---|---|---|---|
||||||||Notes|f|f.|
|Fixed Asset Investments||||||||||
|Schroder Income Trust||||||||25,707|24,340|
|Schroder Equity Income|Trust|||||||47,198|64,572|
|Charities
Property
Fund||||||||30,988|32,145|
|Veritas Global Equity Income|||Fund||D|||29,023|31,391|
|Schroder Strategic Credit Fund 5||||||||14,578|14,603|
|Schroder MM Diversity|Income Fund S||||||||29,612|
|Schroder Sterling Corporate||Bond|||Fund|||15,232|7,345|
|M & G Global Dividend|Fund|||||||44,260|45,253|
|Trojan Income Fund X||||||||7,969|9,103|
|M&G Optimal
Income Fund|||||||||6,800|
|MU Lyxor Core US TIPS|(DR)UCITS|||||||11,285|10,326|
|Schroder Diversified
Alternative||||Assets||||21,592|14,864|
|Atlas Global Infrastructure
Fund||||||||3,066||
|I Shares Physical
Metals|PLC|||||||10,764||
|Wellington
Global Healthcare|||Fund|||||7,957||
|7Rowe Global Technology
Fund||||||||10,072||
|Polar Global Insurance|Fund|||||||3,323||
|Wisdom Tree Hedged
Metal||Securities||||Ltd||10,363||
|Schroder Cash Accounts||||||||24,685|9,255|
|Pimco Global Libor Plus|Bond||Fund|||||12,168|12,060|
|||||||||330,230|311,669|
|Current Assets||||||||||
|Debtors||||||||1,046|2,096|
|Cash at bank and in hand||||||||40,034|8,484|
|||||||||41,080|10,578|
|Creditors
due within one year||||||||6,324|4,525|
|Net Current Assets||||||||34,756|6,053|
|Net Assets||||||||364,986|317,722|
|Income Funds - Unrestricted||||||||||
|General
Funds||||||||359,650|316,875|
|506Anniversary
Appeal|Fund|||||||5,336|847|
|||||||||364,986|317,722|
##
##
##
|||2020|2019|
|---|---|---|---|
|||E|E|
|Salaries and agency costs||52,456|51,530|
|Members|meals and transport|2,482|8,270|
|Functions||457|2,343|
|Rent||1,500|1,500|
|||33,283|63,643|
##
##
##
##
|tinued|fro|m page 6|m page 6||||
|---|---|---|---|---|---|---|
||(ii)|Support Costs.|||||
||||||2020|2019|
||||||E|f|
|||Investment|advisor fee||1,510|1,584|
|||Office supplies|||161|244|
|||Telephone/Broadband|||1,132|1132|
|||Insurance|||899|899|
|||Volunteers|lunches||368|368|
|||Computer||||139|
|||Garden|||47||
|||PPE|||992||
|||Christmas|lunch|||1,010|
|||Other|||1,201|1,449|
||||||6,095|6,825|
|GRANTS||AND DONATIONS|||||
|No grants||or donations||were made in the year,|||
|EMPLOYEES|||||||
|Paid|Employees:||||2020
f|2019
E|
|Gross Salaries|||||51,987|51,043|
|Employer's
pension|||contribution||469|487|
|Total Staffcosts|||||52,456|51,530|
||||||No.|No.|
|Engaged||in caring for clients|||4|4|
|Management
and Administration|||||1|1|
|Tota|I||||||
##
##
##
##
||Market value at the beginning|ofthe year||302,414|
|---|---|---|---|---|
||Purchase ofinvestments||62,610||
||Sale proceeds
Profit/(Loss)
on sale||(49,957)
~3859||
|||||8,794|
||Net gain/(Loss)
on Revaluation|||(5,663)|
||Market value at the end ofthe year|||305,545|
||Breakdown ofmarket value shown on the Balance Sheet:||||
||Quoted investment|||305,545|
||Cash held as part of portfolio|||24,685|
|||||330,230|
|8.|ANALYSIS OF DEBTORS AND PREPAYMENTS||||
||||2020|2019|
||||f|6|
||Debtors||562|1,889|
||Prepayments||484|205|
||||1,046|2,094|
|9.|ANALYSIS OF CREDITORS DUE WITHIN ONE YEAR||||
||||2020|2019|
||||6|f|
||Trade Creditors||6,324|4,525|
||||6,324|4,525|
##