2021-04-05-accounts - The Bates Charitable Trust

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				2021	2020
		Unrestricted	Endowment	Total	Total
		fund	fund	funds	funds
	Notes	£	£	£	£
INCOME AND ENDOWMENTS FROM
Investment income	3	32242	-	32,242	36,938
EXPENDITURE ON
Raising funds	4	-	13,421	13,421	14,074
Charitable activities	5
Church and Charitable purposes		33,697	-	33,697	35,227
Total		33,697	13,421	47,118	49301
Net gains/(Iosses) on investments		-	219,068	219,068	(158,744)
NET INCOME!(EXPENDITURE)		(1455)	205,647	204,192	(171,107)
RECONCILIATION OF FUNDS
Total funds brought forward		11,504	828,690	840,194	1,011,301
TOTAL FUNDS CARRIED FORWARD		10,049	1,034,337	1,044,386	840,194

				2021	2020
		Unrestricted	Endowment	Total	Total
		fund	fund	funds	funds
	Notes	£	£	£	£
FIXED ASSETS
Investments	10	-	1,034,337	1,034,337	828,690
CURRENT ASSETS
Cash at bank		44,783	-	44,783	38,779
CREDITORS
Amounts falling due within one year	11	(34,734)	-	(34,734)	(27,275)
NET CURRENT ASSETS		10,049	-	10,049	11,504
TOTAL ASSETS LESS CURRENT	LIABILITIES	10,049	1,034,337	1,044,386	840,194
NET ASSETS		10,049	1,034,337	1,044,386	840,194
FUNDS	12
Unrestricted funds				10,049	11,504
Endowment funds				1,034,337	828,690
TOTAL FUNDS				1,044,386	840,194

INVESTMENT INCOME
	2021	2020
	£	£
Fixed interest stocks, convertibles and equity investments	32,188	36,878
Deposit account interest	54	60
	32,242	36,938
RAISING FUNDS
Investment management costs
	2021	2020
	£	£
Portfolio management	13,421	14,074

5.	CHARITABLE ACTIVITIES COSTS
		Grant
		funding of
		activities	Support
		(see note	costs (see
		6)	note 7)	Totals
		£	£	£
	Church arid Charitable purposes	32,000	1,697	33,697
6.	GRANTS PAYABLE
			2021	2020
			£	£
	Church arid Charitable purposes		32,000	33,500
	The total grants paid to institutions during the year was as follows:
			2021	2020
			£	£
	Church Mission Society		1,500	2,000
	Christian Aid		2,000	2,000
	TEAR Fund		1,500	1,500
	Safe and Sound, Derby		1,000	1,000
	Good News Family Care		1,000	1,000
	Manna Mozambique & Angola Anglican Association		500	1,000
	Derby City Mission		4,000	4,500
	Christian Solidarity Worldwide		1,000	1,000
	Derby Kids Camp		-	500
	Freedom From Torture		1,000	1000
	London Institute Contemp Christianity		(500)	1000
	Crossroads		1,000	1,000
	Swadlincote Youth for Christ		1,000	1,000
	Compassion		1,000	500
	Christian Witness to Israel			500
	Upbeat Communities		500
	Chicks		-	500
	Home Start Erewash		500	500
	Church Army		500
	Broadway Baptist		4,000	4,000
	CPAS (Falcon Camp)		1,000	1,000
	Exairco Trust		1,000	1,000
	Restore		1,000	1,000
	UCCF Christian Unions		500	500
	St Luke’s Healthcare for the Clergy		1,000	1,000
	A Roche UK		1,000	1,000
	MHA		1,000	1,000
	Freedom Community Project		500	500
	St Matthews, Overseal		500	2,000
	The Leprosy Mission		500
	Mission Direct		500	-
	The BACA Charity		500	-
	Betel UK		500	-
	Scripture Union		500	-
	Theos		500
			32,000	33,500

	Unrestricted	Endowment	Total
	fund	fund	funds
	£	£	£
INCOME AND ENDOWMENTS FROM
Investment income	36,938	-	36,938
EXPENDITURE ON
Raising funds	140	13,934	14,074
Charitable activities
Church and Charitable purposes	35,227	-	35,227
Total	35,367	13,934	49,301
Net gains/osses) on investments	-	(158,744)	(158,744)
NET INCOME/(EXPENDITURE)	1,571	(172,678)	(171,107)

9.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
		Unrestricted	Endowment	Total
		fund	fund	funds
		£	£	£
	RECONCILIATION OF FUNDS
	Total funds brought forward	9,933	1,001,368	1,011,301
	TOTAL FUNDS CARRIED FORWARD	11,504	828,690	840,194
10.	FIXED ASSET INVESTMENTS
			Cash and
		Listed	settlements
		investments	pending	Totals
		£	£	£
	MARKET VALUE
	At 6 April 2020	825,188	3,502	828,690
	Additions	167,614	177,143	344,757
	Disposals	(158,105)	(165,655)	(323,760)
	Revaluations	184,650	-	184,650
	At 5 April 2021	1,019,347	14,990	1,034,337
	NET BOOK VALUE
	At 5 April 2021	1,019,347	14,990	1,034,337
	At 5 April 2020	825,188	3,502	828,690
	Listed investments are analysed as follows:
			2021	2020
			£	£
	UK investments		670,414	572,238
	Overseas investments		348,933	252,950
			1,019,347	825,188
	Included within listed investments are the following material investments:
			2021	2020
			£	£
	TR Property Investment		71,280	56,745
	Experion		58,570	48,657
	Cost or valuation at 5 April 2021 is represented by:
			Cash and
		Listed	settlements
		investments	pending	Totals
		£	£	£
	Valuation in 2021	1,019,347	14,990	1,034,337

11.	CREDITORS: AMOUNTS FALLING DUE WI	THIN ONE YEAR
				2021	2020
				£	£
	Other creditors			34,734	27,275
12.	MOVEMENT IN FUNDS
				Net
				movement	At
			At 614/20	in funds	5/4/21
			£	£	£
	Unrestricted funds
	General fund		11,504	(1,455)	10,049
	Endowment funds
	Endowment fund		828,690	205,647	1,034,337
	TOTAL FUNDS		840,194	204,192	1,044386
	Net movement in funds, included in the above are as follows:
		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
		£	£	£	£
	Unrestricted funds
	General fund	32,242	(33,697)	-	(1,455)
	Endowment funds
	Endowment fund	.	(13,421)	219,068	205,647
	TOTAL FUNDS	32,242	(47,118)	219,068	204,192
	Comparatives for movement in funds
				Net
				movement	At
			At 6/4/19	in funds	5/4/20
			£	£	£
	Unrestricted funds
	General fund		9,933	1,571	11.504
	Endowment funds
	Endowment fund		1,001,368	(172,678)	828,690
	TOTAL FUNDS		1,011,301	(171,107)	840,194

	Incoming	Resources	Gains and	Movement
	resources	expended	losses	in funds
	£	£	£	£
Unrestricted funds
General fund	36,938	(35,367)	-	1,571
Endowment funds
Endowment fund	-	(13,934)	(158,744)	(172,678)
TOTAL FUNDS	36.938	(49,301)	(158,744)	(171,107)

A current year 12 months and prior as follows:	year 12 months combined n	et movement in f	unds, included i	n the above a
	Incoming	Resources	Gains and	Movement
	resources	expended	losses	in funds
	£	£	£	£
Unrestricted funds
General fund	69,180	(69,064)	-	116
Endowment funds
Endowment fund	-	(27,355)	60,324	32,969
TOTAL FUNDS	69,180	(96,419)	60,324	33,085