TKE HIGGS CHARITABLETRUST FINANCIAL STATEMENT
| FOR THE YEAR ENDED 11 | TH | DECEMBER 202 | 1 | ||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Unrestricted | Unrestricted | ||||
| Notes | |||||
| Incoming Resources | |||||
| Investment income |
35,284 | 31,204 | |||
| Resources Expended | |||||
| Costs ofgenerating funds |
3 | 6,924 | 6,563 | ||
| Charitable expenditure |
|||||
| Grants payable | 21,000 | 30,100 | |||
| Governance costs |
930 | 6,456 | |||
| Total Resources Expended | 28,854 | 43,119 | |||
| Net incoming/(Outgoing) | Resources | 6,430 | (11,915) | ||
| Gains/(Losses) on investment |
assets; | ||||
| Realised | 6 | (2,540) | (3,586) | ||
| Unrealised | 6 | 157,985 | 28,986 | ||
| 155,445 | 25,400 | ||||
| Net Movement in Funds |
161,875 | 13,485 | |||
| Fund balances brought forward | 1,279,076 | 1,265,591 | |||
| Fund balances carried forward | 1,440,951 | 1,279,076 |
| 2 | Investment | Investment | income | income | ||||
|---|---|---|---|---|---|---|---|---|
| 2D21 | 2020 | |||||||
| 6 | 6 | |||||||
| Investments | listed on a | recognised | stock exchange | 35,284 | 31,204 | |||
| 35,284 | 31,204 | |||||||
| 2021 | 2020 | |||||||
| 6 | E | |||||||
| Investment | management | fees | 6,924 | 6,563 | ||||
| 2021 | 2020 | |||||||
| 6 | E | |||||||
| Grants | 21,000 | 30,100 | ||||||
| 5 | ~Su | ort Costs | ||||||
| 2021 | 202D | |||||||
| E | 6 | |||||||
| Solicitors fees and expenses | 4,882 | |||||||
| Independent | Examiners | fees and | accountancy | 930 | 930 | |||
| Trustees | travel expenses | 644 | ||||||
| 930 | 6,456 |
| 6 | Investments | |||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| 5 | E | |||||
| Listed UK Investments | ||||||
| Balance brought forward | 1,246,039 | 1,226,514 | ||||
| Additions | 103,337 | 118,753 | ||||
| Disposals | (113,085) | (124,628) | ||||
| 1,236,291 | 1,220,639 | |||||
| Realised gain/(loss) | on sale | ofinvestments | (2,540) | (3,586) | ||
| Unrealised gain/(loss) on mvestments |
157,985 | 28,986 | ||||
| Balance carried forward | 1,391,736 | 1,246,039 | ||||
| Cash held for remvestment | 2,845 | 21 | ||||
| Total | 1,394,581 | 1,246,060 | ||||
| The Trust held the | following | investments | which represented | more than 5H ofthe total value of | ||
| investments as at |
the year | end date. |
| 2021 | 2020 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| E | 6 | |||||||||
| Findlay Park Funds Pic American | USD Dis | 81,930 | 64,637 | |||||||
| IPMorgan Asset | Management | UK Ltd Emerging | Markets | C Net Acc | 66,450 | |||||
| 7 | Debtors | |||||||||
| 2021 | 2020 | |||||||||
| 5 | 5 | |||||||||
| Other debtors | 1,016 | 585 | ||||||||
| 8 | Creditors:Amounts | fagin | due | wit~hie one | ear | |||||
| 2021 | 2020 | |||||||||
| E | ||||||||||
| Other creditors | 2,460 | 4,993 | ||||||||
| 2,460 | 4,993 | |||||||||
| 9 | Unrestricted funds |
|||||||||
| 2021 | 2020 | |||||||||
| E | 5 | |||||||||
| Balance brought | forward | 1,279,D76 | 1,265,591 | |||||||
| Surplus for the year | 161,875 | 13,485 | ||||||||
| Balance cerned | forward | 1,44D,951 | 1,279,076 |