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|CO~|CO~|||
|---|---|---|---|
|OIBccrs|and profesaionat
advisers|||
|IhlsteA|report||2-3|
|Independent
auditors'||report|4-5|
|Statement|offtnanrdai|activides||
|Balance|sheet|||
|Notes to|the Snancial|statements|8-11|
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||||2020|2019|
|---|---|---|---|---|
|||Note|||
|INCOME AND ENDOWMENTS FROM:|||||
|Investments||2|129,161|155,406|
|EXPENDITURE ON:|||||
|Raising funds:|||||
|Investment
management
fee||3|(44,154)|(42,982)|
|Charitable
expenditure:|||||
|Grants paid||4|(125,000)|(150,000)|
|Support costs||5|(60)|(60)|
|Governance costs||6|(4,768)|(3,348)|
|TOTAL|||(173,982)|(196,390)|
|NET
(EXPENDITURE) BEFOREGAINS|ON INVESTMENTS||(44,821)|(40,984)|
|NET GAINS ON INVESTMKNTS||7|281,794|690,852|
|NET INCOME|||236,973|649,868|
|NET MOVEMENT IN FUNDS|||236,973|649,$68|
|RECONCILIATION OFFUNDS|||||
|Unrestricted
fund balance brought forward||10|5,521,429|4,871,561|
|Unrestricted
fund balance carried forward||10|5,75$,402|5,521,429|
|Eadowtnent
fund balance brought forward|and carried forward||43,837|43,837|
|TOTAL FUNDS CARRIED FORWARD|||55,802vt39|j5,565,266|
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|||||2020||2019|
|---|---|---|---|---|---|---|
|||Notes||8||8|
|INVESTMENTS||7||5,708,721||5,459,413|
|CURRENT ASSETS|||||||
|Debtors||8|1,909||606||
|Cash atbank|||225,869||264,187||
||||227,778||264,793||
|LIABILITIES|||||||
|Creditors falling diue within one year||9|(134,160)||(158,840)||
|Bestobetl Founders Welfare Trust Limited|||(100)||(100)||
||||(134,260)||(158,940)||
|NETCURRENT ASSETS/(LIABILITIES)||||93,518||105,853|
|NETASSETS||||85,802,239||I5,565,266|
|FUNDS|||||||
|Permanent
endowment|funds|10||43,837||43,837|
|Unrestricted
fund||10||5,758,402||5,521,429|
|||||85,802439||85,565,266|
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|INVESTMENT INCOME|||2020|2019|
|---|---|---|---|---|
|||||8|
|Fixed interest and dividends|on ordinary|shares|128,990|154,514|
|Interest on cash deposits|||171|892|
||||5129,161|$155,406|
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||2020
8|2019I|
|---|---|---|
|Grants to institutions|||
|The 4814Trust|125,000|150,000|
|The 4814Trust|$125,000|3150,000|
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|2020|2019|
|---|---|
||8|
|560|560|
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|6,|GOVERNANCE COSTS|GOVERNANCE COSTS|2020|2019|
|---|---|---|---|---|
|||||8|
||Travelling expenses||||
||Accountancy
fees||600|500|
||Audit fee||4,168|2,308|
||Registered officefee|||540|
||||f4,768|83,348|
|7.|INVESTMENTS||2020|2019|
||Investments
at market|value|5,708,721|5,459,413|
||AnalysB ofmovement|on investments|||
||At market value atbeginning ofyear||5,459,413|4,430,079|
||Additions
at cost||1,017,427|896,707|
||Disposal s||(1,049,913)|(558,225)|
||Net gain on revaluation||281,794|690,852|
||At end ofyear||%5,708,721|$5,459,413|
||Historical costofinvestments||84,943,406|64,989,934|
|8.|DEBTORS||2020|2019|
||Investment
management|fcerebate due|||
||Income tax recoverable||1,909|606|
||||1,909||
|9.|ACCRUALS FALLING DUE WITHIN ONE YEAR||2020|2019|
||||8||
||Accrued expenses||4,380|4,420|
||Grants payable||125,000|150,000|
||Expenses paid by the 4814Trust||4,780|4,420|
||||134,160|158,840|
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|ANALYSIS OFFUND|ANALYSIS OFFUND|BALANCES||||2020|2019|
|---|---|---|---|---|---|---|---|
|||||||8|8|
|Summary||||||||
|Sum contributed
to fund||at commcnccmcnt|in|1948||43,100|43,100|
|Additional|contribution|in 1956||||737|737|
|Permanent|Endowment|fund brought forward||and canied forward||43,837|43,837|
|Unrestricted|funds brought forward|||||5,521,429|4,871.561|
|Income||||||129,161|155,406|
|Expenditure||||||(173,982)|(196,390)|
|Net gains on investments||||||281,794|690,852|
|Unrestricted|funds cani|ed forward||||5,758,402|5.521,429|
|Total funds||||||85,802239|$5,565,266|
||||||Permanent|Unrestricted|Total|
||||||Endowment|Funds|Funds|
||||||Fund|||
|Analysis
by balance sheet category||||||8|8|
|Investments|||||43,837|5,664,884|5,708,721|
|Net current|assets|||||93,518|93,518|
|Balance at|31December|2020|||&l3,837|55,758,402|85,802,239|
|Balance at|31 December|2019|||&13,837|55,521,429|85,565366|
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