| Trustees and professional adk isers |
Trustees and professional adk isers |
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|---|---|---|---|---|---|
| Trustees' report |
2-4 | ||||
| Statement ofTrustees' | Responsibilities | in respect ofTrtrstees' | report and thc financial | statements | |
| Independent Auditors' |
report to the Trustees ofThe James Capel Foundation | ||||
| Siatement offinancial | activities | ||||
| Balance sheet | 10 | ||||
| Notes | 11-14 |
| P R Marsh (Chairiiusn) |
P R Marsh (Chairiiusn) |
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|---|---|---|---|
| I Colher | |||
| V Lammm | |||
| J M Latham | |||
| BJ Marshall | |||
| M W Penney | |||
| JWassell | |||
| 15July 1975 | |||
| 270031 | |||
| g Canada Square | |||
| London | |||
| EIA 5HQ | |||
| United Kmgdom | |||
| PncewaterhouseCoopers | LLP | ||
| Clmrtered Accountants |
and Statutory | Auihtors | |
| One Chamber)am | Square | ||
| Bimimgham | |||
| B33AX | |||
| United Kmgdom | |||
| HSBC UK Bank | pic | ||
| I Cenienan Square |
|||
| Birmmgham | |||
| B 1 IHQ |
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| Uinited Kingdom | |||
| HSBC (ilobsl Asset Management | |||
| (tradmg name of |
HSBC | Pnvate Bank | (VK) Limited) |
| g Canada Square |
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| London | |||
| Ei4 5HQ | |||
| United Kmgdom |
| Nates | 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|---|
| f | f | |||||||
| Uarestrkted | Funds | Unrestricted | Funds | |||||
| Income | ||||||||
| Investment income |
||||||||
| Income from mvestments | - equlnes | 39.921 | 52.506 | |||||
| - fned mterest securities | 1gn34 | 16,993 | ||||||
| Interest income | 66 | 140 | ||||||
| Total income | 58a21 | 69,639 | ||||||
| Expenditure | ||||||||
| Cost ofraising funds | ||||||||
| Investment management |
costs | (9,187) | (11,451) | |||||
| Charitable acuvttles |
||||||||
| Grants payable m furtherance |
ofthe Cbanty's | ob)ectives | (69.921) | (59,884) | ||||
| Donations to registered |
cbanties | (2,000) | (1,000) | |||||
| Administrative evpenses |
(5.904) | (5,457) | ||||||
| Total expenditure | (87,012) | (7,7921 | ||||||
| Net (loss) gain on investmenu | (66.222) | 265,82( | ||||||
| iVet (expense)/lncorue and net movements |
ln funds | (94,913) | 257,672 | |||||
| Reconciliation of funds |
||||||||
| Total funds brought fonvard |
2,424,441 | 2 | 166,769 | |||||
| Toml funds carried forvvard | 2,329,528 | 2,4 4,441 |
| dministrative | expens | es represent governance costs and c |
omprise: | |
|---|---|---|---|---|
| 2020 | 2019 | |||
| Honoranum | i Note 71 | 5400 | 5,000 | |
| Reimbursed | expenses | 457 | ||
| Total administrative | expenses |
| The market value of | The market value of | investments | as at 31December 2020 was | as at 31December 2020 was | f2,178,975(20/9 | f2,367,427), The | investments | as at | |
|---|---|---|---|---|---|---|---|---|---|
| 31 December 2020 comprise: | |||||||||
| 2020 | 2019 | ||||||||
| Cost | Market | Cost | Iviarkci | ||||||
| value | Value | ||||||||
| 6 | |||||||||
| Fixed mtcrest | 514,509 | 527,644 | 413,844 | 417,537 | |||||
| Equities | 1002.678 | 1,075,190 | 1191,396 | 1.053,744 | |||||
| Altcmative | 548 139 | 576,141 | 839,020 | 896,146 | |||||
| Total Investments | 2,065,526 | 2,178,975 | 2,144,260 | 2.367.427 | |||||
| Investments are held |
primarily | to | provide an investment |
return | for the Charity. | ||||
| The investments | can | be further | analysed into: |
||||||
| 2020 | 2019 | ||||||||
| Cost | Market | Cost | Market | ||||||
| value | value | ||||||||
| f | |||||||||
| investment assets |
in the | UK | 744G45 | 802.592 | 884,963 | 1.011844 | |||
| lnvesunent assets |
outside the UK | 1321,180 | 1,376/83 | 1,259.297 | I 351,583 | ||||
| Total Investments | 2,065,525 | 2,178,975 | 2,144.260 | '2,367,427 | |||||
| Investments representing more |
than 5%ofthc portfolio | are detailed below: | |||||||
| Description of holdings |
- 2020 | Holdiag/ | Cost | Market | |||||
| I!nits | value | ||||||||
| f | |||||||||
| HSBC GIF Global Emerging Market |
Local Debt ZQI USD | 27,850 | 185.517 | 190,698 | |||||
| HSBC FTSEAll | Share | Index Inst lnc | 111,296 | 321,292 | 3cl 80, | ||||
| HSBC American | Index | inst fnc | 29,484 | 215.608 | 219835 | ||||
| HSBC US Mulu-Factor | Equity Fund Inst Inc | 27.921 | 114,534 | 11,829 | |||||
| Description ofhold mgs | - 2019 | Holding/ | Cost | Market | |||||
| Umts | value | ||||||||
| HSBC GIF Global Emerging Market |
Local Debt ZQ I USD | 23.781 | 163,187 | 168,29 | |||||
| HSBC FTSE All | Share | Index Inst Inc | 95,481 | 301,587 | 344,017 | ||||
| ISHAKES III PLC Core | MSCI IVorld | UCITS ETFUSD ACC | GBP | 50 3 | 238.009 | 39,748 | |||
| HSBC American | Index | Inst Inc | 19,736 | 85,425 | 131,109 |
| The movemen | t during |
the | ye | ar in the | p | ortfolio | ofinvestments was. |
||
|---|---|---|---|---|---|---|---|---|---|
| 2020 | a019 | ||||||||
| f | |||||||||
| Canymg value |
(market value) | at | I lanuary | 2,367,427 | 2,13',263 | ||||
| Add | |||||||||
| Invesnnents | acqtured | during | the year | Iat | cost) | 1,433205 | 845,443 | ||
| Ltus | |||||||||
| Invmtmenus | disposed | ofdun | ng the scar | Iproc cede) | (1,555,435) | (876,104) | |||
| Net (loss) | gam on mtestments | (66,222) | 265025 | ||||||
| Carry(ng value (market |
value) | st 31 December | 2,178,975 | 2,367,427 | |||||
| 9 Creditors: smnunts |
falling due | within | one year | ||||||
| 2020 | 2019 | ||||||||
| JWaste)I Honoranum | 2,750 | 2.500 | |||||||
| Grant pending | payment | 2,000 | 2,982 | ||||||
| J IVassell expenses | 85 | ||||||||
| Due to Bent: | 197 | ||||||||
| Total Creditors (Accrue)a) | 5,032 | 5,482 | |||||||
| 10 Unrestr(cted funds |
|||||||||
| 2020 | 2019 | ||||||||
| Balance at I Jantuty | 2,424,441 | 2 166,769 | |||||||
| Nei (expense) | income and | nct movcmcnt | in | funds | (94,913) | 257,672 | |||
| Balance at 31 | December | 2,329,528 | 2,424,441 |