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