2020-12-31-accounts

Reference snd Administrative Details	Reference snd Administrative Details
Trustees' Report		2 to4
Statement ofTrustees'	Responsibilities
Independent Auditors'	Report	6to 8
Statement ofFinancial	Activities
Balance Sheet		10
Cash Flow Statement
Notes to the Financial	Statements	12to 20

Statem	ent of	Financial Activities	for the Year Ended	31December	2020
				Unrestricted	Unrestricted
				2020	2019
			Note		g
Income and Endowments		from:
Donations and legacies				566,719	644,442
Charitable activities				69,660	185,530
Investment income				271,660	228,364
Total Income				908,039	1,058,336
Expenditure on:
Raising funds			5	(23,339)	(7,330)
Charitable activities Governance costs			6 7	(476,864) ~(3472	(549,155) ~3334
Total Expenditure				(503,675)	559,789
Gains/losses on investment		assets		1,729,272	2,421,448
Net movement in funds				2,133,636	2,919,995
Reconciliation offunds
Total funds brought	forward			23,864,179	20„944,184
Total funds carried	forward			25,997,815	23,864,179

		Balance Sheet as at3	1December	2020
				2020	2019
			Note
Fixed assets
Tangible assets			10	3,529,304	3,530,146
Investments			ll	20,894,602	19,020,702
				24,423,906	22,550,848
Current assets
Stocks			12	174,165	167,153
Debtors			13	18,758	27,887
Cash at bank	and in hand			1,450,310	1,167,814
Creditors: Amounts		falling due within one year	34	1,643,233 ~66,324	1,362,854 (49,523
Net current	assets			1,573,909	1,313,331
Net assets				25,997,815	23,864,179
Funds ofthe	charity:
Unrestricted	income	funds
Unrestricted	funds			25,997,815	23,864,179
Total funds				25,997,815	23,864,179

			2020	2019
		Note	s
Cash flows from operating	activities
Net cash income			2,133,636	2,919,995
Adjustments to cash flows from aon-cash items
Depreciation		5	842	1,123
Investment income Revaluation ofinvestments		4	(271,660) ~3.723.272	(228,364) ~2.423.448
			133,546	271,306
Working capital adjustments
Increase in stocks		12	(7,012)	(3,186)
Decrease/(increase) in debtors		13	9,129	(1,277)
Increase in creditors		14	19,801	19,388
Net cash flows &om operating	activities		155,464	286,231
Cash flows from investing activities
Interest receivable and similar	income	4	271,660	228,364
Purchase oftangible fixed assets Purchase ofinvestments		10 11	~344,628	(6,897) ~237,626
Net cash flows &om investing	activities		127,032	16,159
Net increase in cash and cash	equivalents		282,496	270,072
Cash and cash equivalents at	I January		1,167,814	897,742
Cash and cash equivalents at	31December		1,450,310	1,167,814

Voluntary	income
Donations and legacies
Gift aid	reclaimed
Pensions
Royalties

			Unrestricted
			funds	Total	Total
			General f	2020 f	2019 f
Other investment	management	costs;
Administration	ofthe investments		23,339	23,339		7,330
			23,339	23,339		7,330

6	Expenditure	on	charitable	activities
					Unrestricted
						Total	Total
					General f	2020f	2019 f
Bookshop					23,616	23,616	94,291
Activities undertaken			directly		453,248	453,248	454,864
					476,864	476,864	549,155
							Total
							expenditure

Governance costs
		Unrestricted
		funds	Total	Total
		General f	2020f	2019
Audit fees
Audit ofthe financial	statements	3,472	3,472	3,304
		3,472	3,472	3,304

10 Tangible fixed assets
	Land and
	buildings f	Motor vehicles	Total 8
Cost
At 1 January 2020	3,526,778	53,156	3,579,934
At 31December 2020	3,526,778	53,156	3,579,934
Depreciation
At 1 January 2020		49,788	49,788
Charge for the year		842	842
At 31December 2020		50,630	50,630
Net book value
At 31December 2020	3,526,778	2,526	3,529,304
At 31December 2019	3,526,778	3,368	3,530,146

					Listed
				investments
					8
Cost or Valuation
At I January 2020					19,020,702
Revaluation					1,729,272
Additions					144,628
At 31December	2020				20,894,602
Net book value
At 31December	2020				20,894,602
At 31December	2019				19,020,702
				2020	2019
Material investments included		therein were as follows:		K
British Government Stocks				1,597,989	1,618,508
M&G Charifund	Units			326,024	837,016
JPMorgan Strategic Equity Institutional			Income Shares	311,103	1,197,915
JPMorgan Europe Shares				311,177	1,327,161
Natixis Loomis	Sayles US Equity Leaders Fund			378,300
UBSUS Growth	Class C(Acc)			376,606
HSBC American	Index C fisc)			374,435

12 Stock
	2020	2019
		f
Stocks	174,165	167,153
13Debtors
	2020	2019
		g
Trade debtors	3,212	862
Prepayments		2,025
Other debtors	15,546	25,000
	18,758	27,887

14 Creditors: amounts	falling due within one year
		2020	2019
			f
Trade creditors		36,790	23,196
VAT		146	5,994
Other creditors		18,071	1,200
Accruals		14,317	19,133
		69,324	49,523

16 Funds
					Balance at
	Balance at 1			Other	31
	January	Incoming	Resources	recogaised	December
	2020f	resources f	expended f	gains/0osses)	2020
Unrestricted
General	23,864,179	908,039	(503,675)	1,729,272	25,997,815
					Balance at
	Balance at 1			Other	31
	January	Incoming	Resources	recognised	December
	2019 f	resources f	expended	gains/0osses) f	2019
Unrestricted
General	20944,184	1,058336	~559789	2421,448	23,864,179

Detailed St	atemen	t ofFinancitd Activities for th	e Year Ended 31Decem	ber 2020
			Total	Total
			2020	2019
			s	g
Income and Endowments		from:
Donations and legacies (analysed below)			566,719	644,442
Charitable activities	(analysed below)		69,660	185,530
Investment income	(analysed below)		271,660	228,364
Total income			908,039	1,058,336
Expenditure on:
Raising funds (analysed below)			(23,339)	(7,330)
Charitable activities	(analysed below)		(476,864)	(549,155)
Governance costs			(3,472)	(3,304)
Total expenditure			(503,675)	(559,789)
Gains/losses on investment		assets (analysed below)	1,729,272	2,421,448
Net income			2,133,636	2,919,995
Net movement in funds			2,133,636	2,919,995
Reconciliation offunds
Total funds brought	forward		23,864,179	20,944,184
Total funds cerned	forward		25,997,815	23,864,179

Detaile	d Stateme	nt of	Financial Activities for	the Year Ended 31Decem	ber 2020
				Total	Total
				2020	2019
				f.	f
Donations and legacies
Pensions				20,383	28,494
Appeals and	donations			526,852	569,298
Gift Aid tax	reclaimed			13,912	39,621
Royalties				5,572	7,029
				566,719	644,442
Charitabk acnvities
Sales ofpurchased goods				69,660	185,530
				69,660	185,530
Investmentincome
Income fiom	other investments			271,660	228,364
				271,660	228,364
Charuable Activuks
Bookshop
Purchases				23,616	94,291
				23,616	94,291
Other charitabk activities
Depreciation	ofmotor vehicles			842	1,123
Property repairs				169,121	89,877
Maintenance	charges			61,907	71,186
Stafftraining				2,984	1,326
Staffwelfare				144,559	197,543
Equipment repairs and renewals				25,479	44,650
Exceptional administrative		expenses		48,356	49,159
				453,248	454,864
Charitable Activities total		expenditure		476,864	549,155
Raising funds
Administration	ofinvestments			23,339	7,330
				23,339	7,330
Gains/losses	oninvestment	assets
(Gain)/loss on programme		related	investments	1,729,272	2,421,448