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||||||||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|||
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||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|
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|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|
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|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||||||
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