| TITLE | Front Page |
|---|---|
| CONTENTS | Page 1 |
| OFFICERS, CUSTODIANS &PROFESSIONAL ADVISERS | Page 2 |
| TRUSTEES' REPORT | Pages3, 4,58 6 |
| INDEPENDENT AUDITORS REPORT | Page 7&8 |
| STATEMENT of FINANCIAL ACTIVITIES | Page 9 |
| BALANCE SHEET | Page 10 |
| NOTES to the ACCOUNTS | Pages 11,12,13&14 |
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Incoming Resources | |||||
| Donations and legacies (note |
1k) | 100,000 | 102,000 | ||
| Investment Income (note 5) |
28,302 | 40,849 | |||
| Tota I Incoming Resources |
128302 | 142843 | |||
| Resources Expended: | |||||
| Charitable activities (note 2) |
|||||
| Grants payable in furtherance |
ofthe | ||||
| Charity's objectives (note 8) | 187,072 | 153,559 | |||
| Visits to grants recipients | 4,430 | 10,708 | |||
| Audit Fee | 2 940 | 2 850 | |||
| Total Resources Expended | 194,442 | 167117 | |||
| Net gains / (losses) on investment | assets (note 5) | 146,896 | 151,755 | ||
| Investment Expenses |
(6,281) | ||||
| 140615 | 151,755 | ||||
| Net Incoming / (Outgoing) Resources | 74,475 | 127,487 | |||
| Other recognised gains and losses |
|||||
| Net movement in Fund |
74,475 | 127,487 | |||
| Reconciliation ofFunds | |||||
| Total funds brought forward |
1,284,113 | 1,156,626 | |||
| Total funds carried forward | 1358 588 | 1284 113 |
| AS AT31DEC | EMBER 20 | 20 | 20 | |||||
|---|---|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||||
| f | ||||||||
| General Fund |
1 | 358588 | 1 284 113 | |||||
| Represented by: |
||||||||
| Fixed Assets | ||||||||
| Tangible Fixed Assets | ||||||||
| Computer Equipment |
(Note 4) | |||||||
| Investments at Market |
Value (Note S) | |||||||
| Fixed Interest (Bonds) | 230,701 | 181,960 | ||||||
| Investment Trusts |
736,489 | 573,924 | ||||||
| Ordinary StOCkS 84 ShareS |
306,296 | 387,991 | ||||||
| 1 | 273488 | 1143875 | ||||||
| 1,213,486 | 1,143,875 | |||||||
| Current Assets | ||||||||
| Debtors: | ||||||||
| Prepayments | ||||||||
| Deposit Loan | 1,900 | |||||||
| Cash at bank and in | hand: | |||||||
| Current Account |
7,025 | 18,277 | ||||||
| Short-term Deposit Account |
79,100 | 124,794 | ||||||
| Cash in hand | 17 | 17 | ||||||
| 86,142 | 143,088 | |||||||
| 88042 | 143088 | |||||||
| Current Liabilities |
||||||||
| Creditors: Amounts | falling due within | one year | ||||||
| Audit fee accrual | 2,940 | 2,850 | ||||||
| Sundry creditors | ||||||||
| 2,940 | 2,850 | |||||||
| Net Current Assets | 85 102 | 140,238 | ||||||
| Net Assets | 1 | 358588 | 1284113 | |||||
| Approved on behalf ofthe |
Trustees on | 2021and | signed on | its b | half | by: | ||
| Qcj/)/p/ | . | M Willmott Trustee |
| 5. Investments |
5. Investments |
|||
|---|---|---|---|---|
| Investment | Income | 2020 | 2019 | |
| f | ||||
| Fixed Interest (Bonds) | 4,790 | 10,634 | ||
| Investment | Trusts | 7,647 | 7,232 | |
| U K Equities | 15,817 | ~22 983 | ||
| 28,254 | 40,849 | |||
| Interest on | cash | deposits | 48 | |
| 28,302 | 40849 |
| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| Cost | Market Value | Cost | Market Value | ||||
| f | f | f | f | ||||
| Fixed Interest (Bonds) | 191,031 | 230,701 | 147,528 | 181,960 | |||
| Investment | Trusts | 116,160 | 736,489 | 131,008 | 573,924 | ||
| U K Equities | 129818 | 306296 | 151961 | 387991 | |||
| 437M9 | 1273486 | 430497 | 1143875 |
| MV at January | Purchases at | Sales | Change in |
Mvat | ||
|---|---|---|---|---|---|---|
| 2020 f |
cost f |
proceeds f |
Market Value f |
December 2020 f |
||
| Fixed Interest | ||||||
| (Bonds) | 181,960 | 43,502 | 5,239 | 230,701 | ||
| Unit Trusts | ||||||
| Investment | Trusts | 573,924 | 39,323 | 93,622 | 216,864 | 736,489 |
| Charitable | Trust | |||||
| UK Equities | 387991 | 64,913 | ~71402 | ~75206 | 306296 | |
| 1143875 | 147738 | 165024 | 148897 | 1273486 |
| Direct Costs f |
Support Costs f |
2020Total f |
2019Total f |
||
|---|---|---|---|---|---|
| Grants | Payable | 148,727 | 38,345 | 187,072 | 153,559 |
| Visits | to Recipients | 3,522 | 908 | 4430 | 10,708 |
| 152249 | 39253 | 191502 | 164267 |
| Grants | Visits | to | 2020 | 2019 | |||
|---|---|---|---|---|---|---|---|
| Support Costs | Payable f |
Recipients f |
Total f |
Total f |
|||
| Postage and | |||||||
| Administration | 2,122 | 50 | 2,172 | 2,437 | |||
| Printing and Stationery |
77 | 2 | 79 | 235 | |||
| Computer Expenses |
88 | 2 | 90 | 302 | |||
| Consultancy Fees |
35,103 | 831 | 35,934 | 34,887 | |||
| Consultancy Expenses |
955 | 23 | 978 | 3219 | |||
| 38 345 | 908 | 39253 | 41080 | ||||
| Tangible Fixed Assets - Computer | Equipment | ||||||
| 2020 | 2019 | ||||||
| f | f | ||||||
| Cost | |||||||
| Brought forward as at 1January | 606 | 606 | |||||
| Additions during the year |
|||||||
| Cost as at 31December | 606 | ||||||
| Depreciation | |||||||
| Brought forward as at 1January | 606 | 404 | |||||
| Provided during the year |
202 | ||||||
| Accumulated depreciations |
as at | 31December | 606 | ||||
| Net book value as at 31December |
| The following Investments |
are Overseas Investments | are Overseas Investments | are Overseas Investments | are Overseas Investments | at Market Value:- | ||
|---|---|---|---|---|---|---|---|
| 2020 | 2019 | ||||||
| , f | f | ||||||
| Investment Trusts |
|||||||
| Baillie Gifford European | Inv. | Ord | 89,375 | 55,500 | |||
| JPMorgan Fleming |
American | Inv Trust | 144,250 | 120,750 | |||
| Prusik IM Asia Equity | 41,507 | ||||||
| The following Investments |
represent | more than | 5'Yo | ofthe Portfolio at Market Value:- | |||
| 2020 | 2019 | ||||||
| Investment Trusts |
|||||||
| Herald Investment | Trust | 67,350 | 91,760 | ||||
| Scottish Mortgage | Trust | 257,975 | 123,038 | ||||
| JP Morgan American Inv |
Trust | 144,250 | 120,750 | ||||
| Bankers Investment | Trust | 68,488 | 61,828 | ||||
| Henderson Smaller |
Companies | 67,584 | 69,888 | ||||
| Baillie Gifford European | Inv | Trust | 89,375 | 55,500 | |||
| Fixed Interest | |||||||
| Invesco Perpetual | 71,777 | 68,597 | |||||
| M &G Optimal Securities | 113,962 | 113,363 |