| Page | |||
|---|---|---|---|
| Reference and administration | details | ||
| Trustees' report |
2-4 | ||
| Statement ofFinancial Activities | |||
| Balance sheet | |||
| Notes to the accounts | 7-11 | ||
| Independent Examiner's |
Report | 12 |
| Period | ended 31March 2022 | ended 31March 2022 | Year ended | 9November | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Expendable | Unrestricted | Expendable | Unrestricted | |||||||||
| Endowment | General | Total | Endowment | General | Total | |||||||
| Notes | Fund | Fund | 2022 | Fund | Fund | 2020 | ||||||
| Income from: | ||||||||||||
| investments | 46,206 | 46,206 | 35,372 | 35,372 | ||||||||
| Total income | 46,206 | 46,206 | 35,372 | 35,372 | ||||||||
| Expenditure on: |
||||||||||||
| Raising funds | ||||||||||||
| —investment management |
fees | 11,721 | 11,721 | 8,368 | 8,368 | |||||||
| Charitable activities |
||||||||||||
| - grants payable | 135,000 | 135,000 | 22,600 | 22,600 | ||||||||
| - governance costs |
17,990 | 17,990 | 14,670 | 14,670 | ||||||||
| Total expenditure | 11,721 | 152,990 | 164,711 | 8,368 | 37,270 | 45,638 | ||||||
| Net expenditure | before gains and losses on | |||||||||||
| investment assets |
(11,721) | (106,784) | (118,505) | (8,368) | (1,898) | (10,266) | ||||||
| Net gains/(losses) | on investment | assets | 125,659 | 125,659 | 39,478 | 39,478 | ||||||
| Net income/(expenditure) | 113,938 | (106,784) | 7,154 | 31,110 | (1,898) | 29,212 | ||||||
| Transfers | ||||||||||||
| Transfers between |
funds | (84)313) | 84,313 | |||||||||
| Net movement in funds |
29,625 | (22,471) | 7,154 | 31,110 | (1,898) | 29,212 | ||||||
| Reconciliation ofFunds |
||||||||||||
| Total Funds at 10 | November | 2020 | 1,340,719 | 22,471 | 1,363,190 | 1,309,609 | 24,369 | 1,333,978 | ||||
| Total Funds at 31 | March 2022 | 1,370,344 | 1,370,344 | 1,340,719 | 22,471 | 1,363,190 |
| as at 31Ma | rch 20 | 22 | ||||||
|---|---|---|---|---|---|---|---|---|
| 9November | ||||||||
| Notes | 2022 | 2020 | ||||||
| Fixed assets | ||||||||
| Investments | ||||||||
| —Listed investments | 1,313,918 | 1,234,944 | ||||||
| - Cash held witlmi portfolio | 35,016 | 38,900 | ||||||
| 1)348&934 | 1,273,844 | |||||||
| Curreut assets |
||||||||
| Accrued income | 2,301 | |||||||
| Cash at bank | 51,189 | 105,226 | ||||||
| 53,490 | 105,226 | |||||||
| Creditors: amounts |
falling due within | one year | 9 | (32,080) | (15,880) | |||
| Net current | assets | 21,410 | 89,346 | |||||
| Net assets | 1,370,344 | 1,363,190 | ||||||
| Represented | by: | |||||||
| Unrestricted | Funds | |||||||
| Expendable | Endowment | Fund | 1,370,344 | 1,340,719 | ||||
| General Fund | 22,471 | |||||||
| Total Funds | 10 | 1,370,344 | 1,363,190 |
| Investment income |
Investment income |
2022 | 2020 | |||||
|---|---|---|---|---|---|---|---|---|
| Interest received | ||||||||
| Brewin Dolphin | 95 | |||||||
| Quoted investment, | income | 46,206 | 35,277 | |||||
| 46,206 | 35,372 | |||||||
| 3 | Expenditure on charitable |
activities | -2022- —— | —2020 | ||||
| Grants payable (see note | 6) | 135,000 | 22,600 | |||||
| Support and governance | costs | (see note 5) | 17,990 | 14,670 | ||||
| 152,990 | 37,270 | |||||||
| 4 | Support and governance | costs | ||||||
| 2022 | 2020 | |||||||
| Support costs | ||||||||
| Bank charges | 170 | 60 | ||||||
| Governance costs |
||||||||
| Accountancy and |
Independent | examination | ||||||
| -Haysmacintyre | LLP | 12,120 | 14,610 | |||||
| -Begbies Chettle | Agar | 5,700 | ||||||
| 17,820 | 14,610 | |||||||
| Total | 17,990 | 14,670 | ||||||
| 5 | Staff costs, Trustees remuneration | and expenses |
| 2022 | 2020 | ||||
|---|---|---|---|---|---|
| Action Medical Research | 1,000 | 400 | |||
| Alzheimer Scotland |
7&500 | ||||
| Bowel Research UK | 1,000 | ||||
| Britannia Panopticon |
1,000 | 400 | |||
| British Red Cross Society | 1,000 | 400 | |||
| Castlemilk Youth Complex Limited |
1,000 | 400 | |||
| Children's Classic Concerts |
1,000 | ||||
| Children's University |
1,000 | ||||
| CPRE Surrey | 7,500 | ||||
| Crisis UK | 1,000 | ||||
| Crohn's and Colitis UI&Ltd |
1,000 | ||||
| Cystic Fibrosis Trust | 1,000 | ||||
| East Glasgow Music School | 1,000 | 400 | |||
| Edinburgh University Development |
Trust | 7,500 | |||
| Edinburgh Young Carers |
7&500 | ||||
| Eric Liddell Community | 1,000 | ||||
| Families Outside | 1,000 | 400 | |||
| Fife Carers Centre, The | 1,000 | ||||
| Fife Young Carers | 400 | ||||
| Freedom From Torture | 1,000 | 400 | |||
| French Film Festival Ltd | 1,000 | ||||
| Friends at the End SCIO | 1,000 | 7,500 | |||
| Friends at the End SCIO | 5,000 | ||||
| Glasgow Building Preservation | Trust | 5,000 | |||
| Godalming Museum Trust |
10,000 | ||||
| Govan Heritage Trust SCIO, The |
1,000 | 400 | |||
| Hammermens Charity Of |
Edinburgh | 1,000 | |||
| Hearing Dogs | 1,000 | 400 | |||
| International Spinal Research Trust |
1,000 | ||||
| Lord Lyon Society (SCIO) | 5,000 | ||||
| Marjorie Lamb | 400 | ||||
| Mary's Meals | 7,500 | ||||
| Medecins Sans Frontieres |
7,500 | ||||
| Nordoff- Robbins Music | Therapy | 1,000 | |||
| Opera Festival Scotland | 5&000 | ||||
| Pain Concern | 1,000 | 400 | |||
| Positive Action in Housing | 1,000 | 400 | |||
| Rehearsal Orchestra, The |
10,000 | ||||
| Rock Trust | 1,000 | 400 | |||
| Royal British Legion | 7,500 | ||||
| Scottish Huntingtons Assoc |
1,000 | ||||
| Scottish Jewish Heritage | Centre | 400 | |||
| Sepsis Research (FEAT) | SCIO | 1,000 | 400 | ||
| Sequal Trust, The | 1,000 | ||||
| Sunny Days Childrens Fund |
1,000 | 400 |
| 2022 | 2020 | |||||
|---|---|---|---|---|---|---|
| Swandro-Orkney Coastal Archaeology |
Trust | 1,000 | ||||
| Textile Conservation | Foundation, | The | 1,000 | 400 | ||
| Trussell Trust, The | 7,500 | |||||
| Tuberous Sclerosis Association |
1&000 | |||||
| Venttu e Scotland | 1,000 | |||||
| Wando - Orkney Coastal Archaeology | 400 | |||||
| Waverley Steam Navigation |
Co Ltd | 1,000 | ||||
| Willow Tea Rooms TnLst, The | 1,000 | |||||
| Winchester Young Carers |
7,500 | |||||
| 135,000 | 22,600 | |||||
| Investments | ||||||
| 2022 | 2020 | |||||
| Market value | ||||||
| At 10November 2020 |
1&234,944 | 1,229,769 | ||||
| Additions at cost |
680,885 | 357,306 | ||||
| Disposals at carrying |
value | (666,068) | (391,609) | |||
| Net gain on revaluation | 64,157 | 39,478 | ||||
| At 31March 2022 | 1,313,918 | 1,234,944 | ||||
| Historical cost | 1,099,805 | 1,036,085 | ||||
| Listed investments | at fair | value | comprised: | 2022 | 2020 | |
| UK.bonds | 63,031 | 117,139 | ||||
| Overseas bonds | 99,576 | 40,186 | ||||
| UK equities | 346,403 | 341,608 | ||||
| international equities |
407,575 | 273,812 | ||||
| Emerging markets |
25,031 | 23,859 | ||||
| Global investments | 212,448 | 203,647 | ||||
| Absolute return |
18,675 | 61,411 | ||||
| Property | 39,260 | 39,392 | ||||
| Private equity | 11,830 | 31,035 | ||||
| Other investments | 96,089 | 102,855 | ||||
| 1,319,918 | 1,234,944 |
| 8 | Cash balances | 2022 | 2020 | |||
|---|---|---|---|---|---|---|
| CAF Bank | 16,615 | 70,653 | ||||
| Royal Bank ofScotland | 34,574 | 34,573 | ||||
| 51,189 | 105,226 | |||||
| 9 | Creditors: amounts |
falling due within | one year | 2022 | 2020 | |
| Grants payable | 23)800 | 13,300 | ||||
| Accruals | 8,280 | 2,580 | ||||
| 32,080 | 15,880 | |||||
| 10 | Analysis ofNet Assets Between Funds | Expendable | ||||
| Endowment | General | Total | ||||
| Fund | Fund | 2022 | ||||
| Fixed assets investments | 1,348,934 | 1,348,934 | ||||
| Cash at bank | 51,189 | 51,189 | ||||
| Other current assets | 21,410 | (51,189) | (29,779) | |||
| At 31March 2022 | 1,370,344 | 1,370,344 | ||||
| Expendable | ||||||
| Endowment | General | Total | ||||
| Fund | Fund | 2020 | ||||
| Fixed assets investments | 1,273,844 | 1,273,844 | ||||
| Cash at bank | 66,875 | 38,351 | 105,226 | |||
| Other current assets | (15,880) | (15,880) | ||||
| At 9November 2020 | 1,340,719 | 22,471 | 1,363,190 |