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||||||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|
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|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|
##
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|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|
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||||||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|
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