2020-09-30-accounts

			Page
Legal and	administrative	information
Trustees'	report		2-4
Independent examiner's		report
Statement	offinancial activities
Statement	offinancial position
Statement	ofcash flows
Notes to the accounts			9-15
Schedule	of investments	and income	16-27

Trustees			Mrs S EAcland
			Mr H AAcland
			Mrs D FAcland
			Mrs L H Morris
Charity	number		278692
Registered		office	The Manor
			Notg rove
			Nr Cheltenham
			Gloucestershire
			GL54 3BT
Independent		examiner	Bourner Bullock Chartered		Accountants
			Sovereign House
			212-224 Shaftesbury	Avenue
			London
			WC2H 8HQ
Bankers			C Hoare 8 Co
			37 Fleet Street
			London
			EC4P 4DQ
Investment		advisors	Rathbone investment	Management		Limited
			8 Finsbury Circus
			London
			EC2M 7AZ

					2020	2019
				Notes		F
Income
investments					208,665	252,420
Other income					3,341	1,406
Total income					212,006	253,826
Expenditure
Charitable activities					168,237	841,915
Net income before investment			gains/(losses)		43,769	(588,089)
Net gains/(losses)		on investments		10	14,309	(379,480)
Net movement	in	funds			58,078	(967,569)
Fund balances	at 1 October 2019				9,165,735	10,133,304
Fund balances	at	30September	2020		9,223,813	9,165,735

						2020		2019
					Notes	F
Fixed assets
Investments							8,962,620		8,967,831
Current assets
Debtors					12	2,366		3,431
Cash at bank	and	in	hand			266,859		202,345
						269,225		205,776
Creditors: amounts			falling	due within	13
one year						(8,032)		(7,872)
Net current assets							261,193		197,904
Total assets	less	current		liabilities			9,223,813		9,165,735
Income funds
Unrestricted	funds						9,223,813		9,165,735
							9,223,813		9,165,735

			2020		2019
		Notes	F
Cash flows from operating	activities
Cash absorbed by operations		14		(168,077)	(845,942)
Investing activities
Purchase of investments			(1,224,408)		(2,739,312)
Proceeds on disposal of investments			1,382,686		2,222,788
Dividends and interest received from investments			213,071		253,826
Net cash generated from/(used in) investing
activities				371,349	(262,698)
Net increase/(decrease) in	cash and	cash
equivalents				203,272	(1,108,640)
Cash and cash equivalents	at beginning	ofyear		233,771	1,342,411
Cash and cash equivalents	at end of	16
year				437,043	233,771

			2020f	2019 F
Bank interest			23	1,406
Accrued interest charge			3,318
			3,341	1,406
Charitable activities
			2020	2019
				F
Grant funding ofactivities (see note 6)			141,737	814,350
Share of support costs (see		note 7)	24,670	26,145
Share of governance	costs (see note 7)		1,830	1,420
			168,237	841,915
Grants payable
			2020	2019
			F	F
Grants to institutions:
Local charities and hospices			83,500	744,200
Religious organisations				23,000
The arts 8 museums			24,500	4,200
Youth 8 education			30,737	20,700
Other national and general		payments	3,000	10,250
General				12,000
			141,737	814,350

7	Support costs	Support costs
				Support	Governance	2020	2019	Basis ofallocation
				costs	costs
	Investment	management	fees	24,670		24,670	26,145
	Independent	examiners	fee		1,740	1,740	1,380	Governance
	Bank charges				90	90	40	Governance
				24,670	1,830	26,500	27,565

		2020	2019
			F
Unrealised	gain	365,826	107,225
(Loss) on	sale of investments	(351,517)	(486,705)
		14,309	(379,480)

			Listed	Cash in	Total
			investments	portfolio
			F	E
Cost or valuation
At 30September 2019			8,936,405	31,426	8,967,831
Additions			1,224,408		1,224,408
Realised	loss		(351,517)		(351,517)
Unrealised	gain		365,826		365,826
Cash available		to invest		138,758	138,758
Disposals			(1,382,686)		(1,382,686)
At 30September 2020			8,792,436	170,184	8,962,620

11	Fixed asset	i	nvestments	nvestments	nvestments	nvestments				(Continued)	(Continued)	(Continued)
	Investments		representing				more than 5%ofthe		portfolios total	market value (excluding cash):
	Investment								Units	Market Value	%ofTotal Market
												Value
	Scottish Mortgage			Investment				Trust	60,000	594,600		6.76%
	JPM American		Investment				Trust		107,000	549,980		6.26%
											2020	2019
											F	F
	Listed investments									8,792,436		8,936,405
	Cash in investment				portfolio						170,184	31,426
										8,962,620		8,967,831
											2020	2019
												F
	Historic cost of investments									5,546,459		6,098,802
12	Debtors: amounts				falling		due within one year
											2020	2019
												F
	Other debtors											3,431
	Prepayments		and	accrued			income				2,366
											2,366	3,431
13	Creditors:	amounts			falling			due within one year
											2020	2019
											F	E
	Independent		examiner's			fee					1,560	1,380
	Investment	managment				fee					6,472	6,492
											8,032	7,872

14	Cash generated from	Cash generated from	operations	operations	operations					2020	2019
										F
	Surplus/(deficit) for	the	year							58,078	(967,569)
	Adjustments for:
	Investment income	recognised			in	statement		of financial	activities	(212,006)	(257,257)
	Loss on disposal of	investments								351,517	486,705
	Fair value gains and	losses on			investments					(365,826)	(107,225)
	Movements in working		capital:
	Increase/(decrease)	in	creditors							160	(596)
	Cash absorbed by	operations								(168,077)	(845,942)
15	Analysis of changes		in net funds
	The Trust had no debt		during	the year.
16	Cash and cash equivalents
										2020	2019
										E
	Cash at bank and in	hand								266,859	202,345
	Cash available to invest									170,184	31,426
										437,043	233,771
17	Donations made to institutions					during	the year
										2020	2019
											f
	3 Choirs										3,000
	Belmont School										2,000
	Blockley & District Allotments									3,000
	CALM									2,500
	Cheltenham Festivals									5,000
	Chipping Campden	School								5,000
	CHYP									3,000
	Cirencester Housing	for Young People (C					H	YP)			2,000
	Cleeve School									1,137	1,000
	Cotswold Friends									4,000	1,000
	Disabled Sailors Association									2,500
	Dursley District Girl	Guides								1,000
	Family Space									6,000
	FareShare South West									3,000	1,000
	Farms for City Children									2,500
	Forgiveness Project										2,000
	Carried forward									38,637	12,000

17	Donations made to	institutions	institutions	institutions	during	the year		(Continued)
	Brought forward						38,637	12,000
	Friend of Cotswold							10,000
	FRP Gloucester							2,000
	GL11 Community Project							1,000
	Gloucestershire Bike	Project						2,500
	Gloucestershire Counselling		Services				4,000
	GRCC							2,000
	Great Western Air Ambulance							5,250
	Guideposts							3,000
	Home Start Cotswold						5,000
	ITSchools Africa						3,000
	Kempley Village Hall							1,000
	Listening Post Gloucester						3,000
	Longfield						5,000
	Maggies Cheltenham						10,000
	Mind Song						5,000
	Nelson Trust						5,000
	North Cotswold Community		A	wareness			4,000
	Northleach PCC							20,000
	Notgrove Village Hall							731,200
	Paternoster School						2,600
	Quenington Sculpture	Trust					2,000
	RDA Cotswold						2,000	2,000
	Rugby Football Association							2,500
	Rustin Mill Trust							1,500
	Smallpeice Trust							2,200
	Stroud Beresford							2,000
	Sunflower Suicide Support						3,000
	The Barn Theatre						15,000
	The Door						2,500
	The Friendship Cafe						5,000
	The Gloucestershire	Society					2,500
	The Guiting Music Festival						2,500	1,200
	The Moreton Show Society						10,000
	The Wheels Project						5,000	5,000
	Toddington Village Hall						2,000
	Tudor House Charity						5,000
	Ufton Court							3,000
	Unicorn Equestrian Centre							2,500
	Windrush WASP							2,500
							141,737	814,350

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