| 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | F | |||||||
| INCOME AND EXPENDITURE | ||||||||
| Incoming Resources: | ||||||||
| Incoming resources from generated |
funds: | |||||||
| Donation from NASUWT |
253,127 | 252,878 | ||||||
| Donated services from NASUWT | 166,635 | 163,696 | ||||||
| Donations, legacies and sundry |
income | 730 | 225 | |||||
| Investment income |
61914 | 53385 | ||||||
| Total incoming resources |
482,406 | 470,184 | ||||||
| Resources expended: | ||||||||
| Raising funds: | ||||||||
| Investment and property management |
fees | 8,694 | 7,888 | |||||
| Investment property costs |
1,491 | 2,683 | ||||||
| Finance costs | 1 | 162 | ||||||
| Charitable activities: |
||||||||
| General grants | 178,106 | 215,306 | ||||||
| Staff costs | 161,695 | 158,316 | ||||||
| Premises costs | 4,940 | 5,380 | ||||||
| Legal and Professional | 9964 | 9487 | ||||||
| Total resources expended | 364831 | 399222 | ||||||
| Net income before revaluations | 117,575 | 70,982 | ||||||
| Gains/(losses) on investment |
assets | 123,074 | (3,857) | |||||
| Revaluation of investment property |
17848 | |||||||
| Net movement in funds for |
the year | 240,649 | 84,953 | |||||
| Fund balances brought forward |
at 1 | January | 2021 | |||||
| Fund balances carried forward | at | 31 December | ||||||
| 2021 | 10 |
| Notes | 2021f | 2020 f |
|
|---|---|---|---|
| FIXEDASSETS | |||
| Investments | 1,718,818 | 1,601,071 | |
| DEBTORS: | |||
| Due after more than one year | |||
| Benevolent loans |
61,391 | 72,271 | |
| CURRENT ASSETS | |||
| Sundry debtors | 283,252 | 2,332 | |
| Benevolent loans |
1,020 | 1,380 | |
| Cash at bank | 547,230 | 665,333 | |
| 831,502 | 669,045 | ||
| CURRENT LIABILITIES | |||
| Sundry creditors | (39,200) | (10,525) | |
| NET CURRENT ASSETS | 792,302 | 658,520 | |
| NET ASSETS | 2,572,511 | 2,331,862 | |
| FUNDS | |||
| General - Unrestricted | 10 | 2,572,511 | 2,331,862 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| 6 | ||||||
| CASH FLOWS FROM OPERATING ACTIVITIES | ||||||
| Net income/(expenditure) for the reporting |
period | 240,649 | 84,953 | |||
| Interest received | (38) | (629) | ||||
| Rent from investments | (18,360) | (18,300) | ||||
| Dividends received |
(43,516) | (34,456) | ||||
| (Gains)/losses on investments |
(123,074) | 3,857 | ||||
| Investment management fees |
5,587 | 4,993 | ||||
| (Gains)/losses on revaluation |
of investment | property | (17,848) | |||
| (Increase)/ decrease in debtors |
(269,680) | 3,408 | ||||
| Increase/(decrease) in creditors |
28,675 | (1,832) | ||||
| Net cash provided by/(used |
in) operating | activities | (179,757) | 24,146 | ||
| CASH FLOWS FROM INVESTING ACTIVITIES | ||||||
| Interest received | 38 | 629 | ||||
| Rent from investments | 18,360 | 18,300 | ||||
| Dividends received |
43,516 | 34,456 | ||||
| Invested funds |
4,677 | |||||
| Investment income reinvested |
(4,937) | 738 | ||||
| Net cash provided by/(used |
in) investing | activities | 61,654 | 54,123 | ||
| (DECREASE)/INCREASE IN |
CASH AND | CASH EQUIVALENTS | IN | |||
| THE YEAR | (118,103) | 78,269 | ||||
| Cash and cash equivalents at |
the beginning | ofthe year | 665,333 | 587,064 | ||
| TOTAL CASH AND CASH EQUIVALENTS | AT THE END OF THE | |||||
| YEAR | 547,230 | 665,333 |
| RANTS PAYABLE | |||||
|---|---|---|---|---|---|
| 2021f | 2020 f |
||||
| Benevolent loans converted |
to grants | ||||
| To individuals 446 (2020: |
567) | 158,977 | 186,803 | ||
| To NASUWT Federations | 52 (2020: 19) | 18,875 | 19,721 | ||
| Legal and management | expenses | 254 | 8 782 | ||
| 178,106 | 215,306 | ||||
| he ultimate beneficiaries |
of | NASUWT Federations | Grants are individuals. | ||
| NVESTMENTS | |||||
| nvestments are stated at |
market value. | ||||
| 2021f | 2020 f |
||||
| MARKET VALUE: | |||||
| At 1 January 2021 |
1,123,223 | 1,132,811 | |||
| Income Account Movement | 260 | (738) | |||
| Investment management Revaluation to fair value |
fees | (5,587) 123874 |
(4,993) ~3857 |
||
| At 31 December 2021 | 1,240,970 | 1,123,223 | |||
| Market value made up | as | follows: | 2021f | 2020 f |
|
| UK Fixed Interest | 89,547 | 102,801 | |||
| Overseas Fixed Interest |
18,721 | 45,950 | |||
| UK Equities | 599,247 | 564,973 | |||
| Overseas Equities |
356,320 | 296,568 | |||
| Alternatives | 135,512 | 102,285 | |||
| Broker account | 41 623 | 18646 | |||
| Total listed investments | |||||
| Property | |||||
| At 1 January 2021 |
477,848 | 460,000 | |||
| Revaluation | 17848 | ||||
| At 31 December 2021 | 477,848 | 477,848 | |||
| Total investments | |||||
| Material investments | |||||
| Property —Genesta Road | 477,848 | 477,848 | |||
| S4 Capital Pic | 54,524 | 62,500 | |||
| Edinburgh Dragon Trust |
34,636 | 36,142 | |||
| Royal Dutch Shell | 28,570 | 22,178 | |||
| Astrazeneca Pic |
40,787 | ||||
| Experian | 36,320 | ||||
| Findlay Park Funds pic | |||||
| Historic cost ofinvestments | 875,371 | 853,371 |
| Financial | assets | 2021f | 2020 f |
|||
|---|---|---|---|---|---|---|
| Financial | assets measured | at fair value | 1,240,970 | 1,123,223 | ||
| Financial | assets that are debt instruments | measured | at | |||
| amortised | cost | |||||
| Financial Financial |
Liabilities liabilities measured |
at amortised | cost | 2021 f ~HL |
2020 f ~,525 |
| elow: | |||||
|---|---|---|---|---|---|
| 2021f | 2020 f |
||||
| Total investment income for financial assets measured |
at | ||||
| fair value through income and expenditure |
43,516 | 34,456 | |||
| Net gains/(losses) on financial assets measured |
at | fair | |||
| value through income and expenditure |
123,074 | (3,857) | |||
| Total interest income for financial assets measured | at | ||||
| amortised cost through income and expenditure |