| Notes | 2020f | 2019 f |
|||||
|---|---|---|---|---|---|---|---|
| INCOME AND EXPENDITURE | |||||||
| Incoming Resources: | |||||||
| Incoming resources from generated |
funds: | ||||||
| Donation from NASUWT |
252,878 | 249,351 | |||||
| Donated services from NASUWT | 163,696 | 166,602 | |||||
| Donations, legacies and sundry |
income | 225 | 3,003 | ||||
| Investment income |
53,385 | 57,483 | |||||
| Total incoming resources |
470,184 | 476,439 | |||||
| Resources expended: | |||||||
| Raising funds: | |||||||
| Investment and property management |
fees | 7,888 | 10,943 | ||||
| Investment property costs |
2,683 | 2,241 | |||||
| Finance costs | 162 | (1,159) | |||||
| Charitable activities: |
|||||||
| General grants |
215,306 | 266,954 | |||||
| Staff costs | 158,316 | 159,632 | |||||
| Premises costs | 5,380 | 6,970 | |||||
| Legal and Professional | 9,487 | 9,075 | |||||
| Total resources expended | 399,222 | 454,656 | |||||
| Net income before revaluations | 70,962 | 21,783 | |||||
| Gains/(losses) on investment |
assets | (3,857) | 110,982 | ||||
| Revaluation of investment property |
17,848 | (98,005) | |||||
| Net movement in funds for |
the | year | 84,953 | 34,760 | |||
| Fund balances brought forward at 1 |
January 2020 | 2,246,909 | 2,212,149 | ||||
| Fund balances carried forward | at | 31 December | |||||
| 2020 | 10 | 2,331,862 | 2,246,909 |
| 2020 | 2019 | ||
|---|---|---|---|
| Notes | F | ||
| FIXEDASSETS | |||
| Investments | 1,601,071 | 1,592,811 | |
| DEBTORS: | |||
| Due after more than one year | |||
| Benevolent loans |
72,271 | 75,639 | |
| CURRENT ASSETS | |||
| Sundry debtors | 2,332 | 2,572 | |
| Benevolent loans |
1,380 | 1,180 | |
| Cash at bank | 665,333 | 587,064 | |
| 669,045 | 590,816 | ||
| CURRENT LIABILITIES | |||
| Sundry creditors | (10,525) | (12,357) | |
| NET CURRENT ASSETS | 658,520 | 578,459 | |
| NET ASSETS | 2,331,862 | 2,246,909 | |
| FUNDS | |||
| General -Unrestricted |
10 | 2,331,862 | 2,246,909 |
| 31 | DECEM | BER 2020 | ||||
|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||
| E | E | |||||
| CASH FLOWS FROM | OPERATING ACTIVITIES | |||||
| Net income/(expenditure) | for the reporting | period | 84,953 | 34,760 | ||
| Interest received | (629) | (2,320) | ||||
| Rent from investments | (18,300) | (18,000) | ||||
| Dividends received |
(34,456) | (37,163) | ||||
| (Gains)/losses on investments |
3,857 | (110,982) | ||||
| Investment management |
fees | 4,993 | 4,255 | |||
| (Gains)/losses on revaluation |
of investment | property | (17,848) | 98,005 | ||
| (Increase)/ decrease in |
debtors | 3,408 | (770) | |||
| Increase/(decrease) in |
creditors | (1,832) | 2,716 | |||
| Net cash provided by/(used |
in) operating | activities | (24,146) | (29,499) | ||
| CASH FLOWS FROM | INVESTING ACTIVITIES | |||||
| Interest received | 629 | 2,320 | ||||
| Rent from investments | 18,300 | 18,000 | ||||
| Dividends received |
34,456 | 37,163 | ||||
| Invested funds |
(189,000) | |||||
| Investment income reinvested |
738 | (247) | ||||
| Net cash provided by/(used |
in) investing | activities | 54,123 | (131,764) | ||
| INCREASE IN CASH AND CASH EQUIVALENTS | IN THE YEAR | 78,269 | (161,263) | |||
| Cash and cash equivalents at |
the beginning | ofthe year | 587,064 | 748,327 | ||
| TOTAL CASH AND CASH EQUIVALENTS AT THE END OF THE | ||||||
| YEAR | 665,333 | 587,064 |
| RANTS PAYABLE | ||||
|---|---|---|---|---|
| 2020 | 2019 | |||
| f | ||||
| Benevolent loans converted |
to grants | |||
| To individuals 567(2019:673) |
186,803 | 230,448 | ||
| To NASUWT Federations | 19(2019:26) | 19,721 | 11,350 | |
| Legal and management | expenses | 8,782 | 25,156 | |
| 215,306 | 266,954 | |||
| he ultimate beneficiaries |
of | NASUWT Federations | Grants are individuals. | |
| NVESTMENTS | ||||
| nvestments are stated at |
market value. | |||
| 2020 f |
2019 f |
|||
| MARKET VALUE: | ||||
| At 1 January 2020 | 1,132,811 | 836,837 | ||
| Income Account Movement | (738) | 247 | ||
| With drawls | ||||
| New investment funds |
189,000 | |||
| Investment management Revaluation to fair value |
fees | (4,993) ~8,857 |
(4,255) 110,982 |
|
| At 31 December 2020 | 1,123,223 | 1,132,811 | ||
| 2020 | 2019 | |||
| Market value made up | as | follows: | f, | |
| UK Fixed Interest | 102,801 | 86,491 | ||
| Overseas Fixed Interest |
45,950 | 49,331 | ||
| UK Equities | 564,973 | 616,820 | ||
| Overseas Equities |
296,568 | 235,432 | ||
| Alternatives | 102,285 | 92,903 | ||
| Broker account | 10,634 | 51,834 | ||
| Total listed investments | 1,123,211 | 1,132,811 | ||
| Property | ||||
| At 1 January 2020 Revaluation |
460,000 17,848 |
558,005 ~88,005 |
||
| At 31 December 2020 | 477,848 | 460,000 | ||
| Total investments | 1,601,071 | 1,592,811 | ||
| Material investments | ||||
| Property —Genesta Road | 477,848 | 460,000 | ||
| S4 Capital Pic | 62,500 | |||
| Edinburgh Dragon Trust |
36,142 | |||
| Royal Dutch Shell | 22,178 | 39,438 | ||
| Findlay Park Funds pic | 15,898 | 74,658 | ||
| Historic cost of investments | 853,371 | 830,240 |
| EBTORS | ||||
|---|---|---|---|---|
| 2020f | 2019 f |
|||
| Benevolent | loans | |||
| Due under | 1 year | 1,380 | 1,180 | |
| Due over | 1 | year | 72,271 | 75,839 |
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| f | f | ||||
| Accruals | and | deferred | income | 10,525 | 12,357 |
| Fund | Income | Expenditure | Gains and | Fund | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| balances | (losses) | balances 31 | ||||||||
| 1 January | December | |||||||||
| 2020 | 2020 | |||||||||
| C | t | 10 | I* | tf | d | 2,248,909 | 470,184 | ~399,222 | 13,991 | 2,331,862 |
| Fund | Income | Expenditure | Gains and | Fund | ||||||
| balances | (losses) | balances 31 | ||||||||
| 1 January | December | |||||||||
| 2019 | 2019 | |||||||||
| C | t | I 0 | I | tf | d | 2,212,149 | 476,438 | ~1454655 | 12,977 | 2,246,909 |
| 2020 | 2019 | |||||
|---|---|---|---|---|---|---|
| Financial | assets | f | f | |||
| Financial | assets measured | at fair value | 1,123,223 | 1,132,811 | ||
| Financial | assets that are debt instruments | measured | at | |||
| amortised | cost | 75,983 | 79,391 | |||
| 2020 | 2019 | |||||
| Financial | Liabilities | f | ||||
| Financial | liabilities measured | at amortised | cost | 10,525 | 12,357 |
| he entity's income, expense, gains and losses elow: |
in | resp | ect of | Snancial instrume |
nts are sum |
|---|---|---|---|---|---|
| 2020 | 2019 | ||||
| f | |||||
| Total investment income for financial assets measured |
at | ||||
| fair value through income and expenditure |
34,456 | 37,163 | |||
| Net gains/(losses) on financial assets measured |
at | fair | |||
| value through income and expenditure |
(3,857) | 110,982 | |||
| Total interest income for financial assets measured | at | ||||
| amortised cost through income and expenditure |
629 | 2,320 |