| CONTENTS | PAGE | ||
|---|---|---|---|
| Trustees Annual Report |
1-4 | ||
| Independent Examiner's |
report to the trustees | ||
| Accounting Policies |
6-7 | ||
| Statement offinancial | activities | ||
| Balance Sheet | |||
| Notes to the financial | statements | 10-11 |
| 2020 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| 8 | 5 | |||||||
| 1 | INVESTMENT INCOME | |||||||
| Bank interest receivable | 675 | 818 | ||||||
| COIF Charity Fund dividends |
17,997 | 18,498 | ||||||
| M 8 G Dividends | 9,377 | 12,056 | ||||||
| 28,049 | 31,371 | |||||||
| 2 | CHARITABLE ACTIVITES | |||||||
| Grants payable (Note 3) | 91,500 | 3,348 | ||||||
| Support costs (Note 4) | 2,090 | 1,945 | ||||||
| 93,590 | 5,293 | |||||||
| 3 | ANALYSIS OF GRANTS | AND AWARDS | ||||||
| Grants to institutions: | ||||||||
| YMCA Europe | 1,048 | |||||||
| City YMCA | 25,000 | 2,300 | ||||||
| North London YMCA | 25,000 | |||||||
| YMCA Thames Gateway | 25,000 | |||||||
| Southend YMCA |
16,500 | |||||||
| 91,500 | 3,348 | |||||||
| 4 | SUPPORT COSTS | |||||||
| Independent examination |
fees (including | irrecoverable | VAT) | 840 | 840 | |||
| Revise previous year's fees |
(180) | |||||||
| Other | 1,250 | 1,250 | ||||||
| Costs oftrustee's meetings |
15 | |||||||
| 2,090 | 1,945 | |||||||
| No salaries for wages have been paid to employees, | including | the | ||||||
| members ofthe Trustees |
during the year | |||||||
| 5 | NET INCOMING RESOURCES FOR THE YEAR | |||||||
| This is stated after charging: | ||||||||
| Independent examiner's |
remuneration | (excl VAT) | 700 | 700 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| 6 | ||||||
| 6 | INVESTMENTS | |||||
| Market value as at 1 April | 2020 | 673,859 | 745,845 | |||
| Gains (losses) on market | value | 149,111 | (71,986) | |||
| Market value as at 31 March 2021 | 822,970 | 673,859 | ||||
| Investments comprise: |
||||||
| COIF Charities | Investment | Fund —Income Units | 358,956 | 287,652 | ||
| COIF Charities | Fixed Interest Fund | 18,749 | 19,129 | |||
| COIF Charities | Property | Fund Income Units | 72,747 | 75,366 | ||
| COIF Charities | Global Equity Income Fund | 150,029 | 109,977 | |||
| M&G Charifund | 208,758 | 169,494 | ||||
| M&G Charibond | 9,578 | 9,552 | ||||
| Other | 4,153 | 2,689 | ||||
| 822,970 | 673,859 | |||||
| Analysed as: | ||||||
| Fixed Income | 28,327 | 28,681 | ||||
| UK Equities | 210,969 | 170,724 | ||||
| Global Equities | 510,927 | 399,088 | ||||
| Commercial Property |
72,747 | 75,366 | ||||
| 822,970 | 673,859 | |||||
| 7 | CREDITORS: | Amounts | falling due within one year | |||
| Grants | 41,500 | |||||
| Management Charges |
1,250 | 2,500 | ||||
| Independent Examiners |
Charge | 840 | 840 | |||
| Due to National | Council | ofYMCAs | 54,761 | 1,691 | ||
| 98,351 | 5,031 | |||||
| 8 | RELATED PARTY TRANSACTIONS |