| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Incoming Resources | |||||||
| Donations and legacies (note | 1k) | 105,524 | 100,000 | ||||
| Investment Income (note 5) |
29,834 | 28,302 | |||||
| Total Incoming Resources | 5358 | 128 02 | |||||
| Resources Expended: | |||||||
| Charitable activities (note 2) |
|||||||
| Grants payable in furtherance |
ofthe | ||||||
| Charity's ob | ectives (note | 8) | 196,979 | ||||
| Visits to grants recipients | 3,138 | 4,430 | |||||
| Audit Fee | 3,030 | 2,940 | |||||
| Investment Ex enses |
3975 | 6281 | |||||
| Total Resources Expended | 207 122 | 200,723 | |||||
| Net gains / (losses) on investment | assets (note 5) | 159,189 | 146,896 | ||||
| 159189 | 146896 | ||||||
| Net Incoming / (Outgoing) Resources | 87,425 | 74,475 | |||||
| Other recognised gains and losses | |||||||
| Net movement in Fund |
,425 | 74,475 | |||||
| Reconciliation ofFunds | |||||||
| Total funds brought forward | 1,358,588 | 1,284,113 | |||||
| Total funds carried forward | 6013 | 1358588 | |||||
| The net movement in general |
fund | derives wholly | from continuing | operations. |
| AS AT31DEC | EMBER 20 | 21 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||||||
| E | ||||||||||
| General Fund |
1 | 446013 | 1358588 | |||||||
| Represented by: |
||||||||||
| Fixed | Assets | |||||||||
| Tangible Fixed Assets | ||||||||||
| Computer Equipment |
(Note 4) | |||||||||
| Investments | at Market | Value (Note 5) | ||||||||
| Fixed Interest | (Bonds) | 138,031 | 230,701 | |||||||
| Investment Trusts |
762,187 | 736,489 | ||||||||
| Ordinary Stocks &Shares | 506,105 | 306,296 | ||||||||
| 1 | 406 323 | 1273486 | ||||||||
| 1,406,323 | 1,273,486 | |||||||||
| Current Assets | ||||||||||
| Debtors: | ||||||||||
| Prepayments | ||||||||||
| Deposit Loan | 1,900 | 1,900 | ||||||||
| Cash at bank | and ln | hand: | ||||||||
| Current Account | 8,491 | 7,025 | ||||||||
| Cheviot Short-term | Account | 32312 | 79,100 | |||||||
| Cash in hand | 17 | 17 | ||||||||
| 40,820 | 86,142 | |||||||||
| 42 720 | 88042 | |||||||||
| Current Uabilities | ||||||||||
| Creditors: Amounts | falling due within | one year | ||||||||
| Audit fee accrual | 3,030 | 2,940 | ||||||||
| Sundry creditors | ||||||||||
| 3,030 | 2,940 | |||||||||
| Net Current Assets | 39690 | 85102 | ||||||||
| Net Assets | 1 | 446013 | 1358588 | |||||||
| Approved on behalf ofthe |
Trustees on | 2022 and | signed o | ts behalf | b | |||||
| jMayhew | M Wlllmott | |||||||||
| Chair | Trustee |
| Direct Costs f |
Support Costs E |
2021Total f |
2020Total E |
||
|---|---|---|---|---|---|
| Grants | Payable | 157,106 | 39,092 | 196,198 | 187,072 |
| Visits | to Recipients | 3138 | 781 | 3919 | 4~430 |
| 160244 | 39873 | 200117 | 191502 |
| Grants | Visits | to | 2021 | 2020 | ||
|---|---|---|---|---|---|---|
| Payable | Recipients | Total | Total | |||
| Support Costs | E | f | E | E | ||
| Postage and | ||||||
| Administration | 1,742 | 35 | 1,777 | 2,172 | ||
| Printing and |
Stationery | 89 | 2 | 91 | 79 | |
| Computer Expenses |
128 | 2 | 130 | 90 | ||
| Consultancy | Fees | 36,287 | 725 | 37,012 | 35,934 | |
| Consultancy | Expenses | 846 | 17 | 863 | 978 | |
| ~39092 | 781 | 39873 | 39253 |
| 2021 | 2020 | ||
|---|---|---|---|
| E | E | ||
| Cost | |||
| Brought forward as at 1January | 606 | ||
| Additions during the year |
|||
| Cost as at 31December | |||
| Depreciation | |||
| Brought forward as at 1January | 606 | ||
| Provided during the year |
|||
| Accumulated depreciations |
as at 31December | ||
| Net book value as at 31December |
| 5. Investments |
5. Investments |
|||
|---|---|---|---|---|
| Investment | Income | 2021 | 2020 | |
| f | E | |||
| Fixed Interest (Bonds) | 2,935 | 4,790 | ||
| Investment | Trusts | 4,485 | 7,647 | |
| U K Equities | 22 414 | 15817 | ||
| 29,834 | 28,254 | |||
| Interest on | cash | deposits | 48 | |
| 29,834 | 28,302 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Cost | Market Value | Cost | Market Value | ||||
| E | f | f | E | ||||
| Fixed Interest (Bonds) | 116,995 | 138,031 | 191,031 | 230,701 | |||
| Investment | Trusts | 233,060 | 762,187 | 116,160 | 736,489 | ||
| U K Equities | 256959 | 506 105 | 129818 | 306296 | |||
| 607014 | 1406323 | 437009 | 1273486 |
| MV at January | Purchases at | Sales | Changein | MV at | ||
|---|---|---|---|---|---|---|
| 2021 E |
cost f |
proceeds E |
Market Value E |
December 2021 E |
||
| Fixed Interest | ||||||
| (Bonds) | 230,701 | 91,770 | (900) | 138,031 | ||
| Unit Trusts | ||||||
| Investment | Trusts | 736,489 | 143,730 | 205,452 | 87,420 | 762,187 |
| Charitable | Trust | |||||
| UK Equities | 306296 | 127140 | 72669 | 506 105 | ||
| 1273 486 | 270870 | 297222 | 159 189 | 1406 323 |
| The following Investments are Overseas Investments |
The following Investments are Overseas Investments |
The following Investments are Overseas Investments |
at Market Value:- | ||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| E | E | ||||
| Investment Trusts |
|||||
| Baillie Gifford European | Inv. Ord | 92,938 | 89,375 | ||
| Baillie Gifford Japanese | Income | 44,467 | |||
| JP Morgan American Inv |
Trust | 191,750 | 144,250 | ||
| Prusik IM Asia Equity | 42,962 | 41,507 | |||
| The following Investments represent |
more than 5' | ofthe Portfolio at Market Value,.- | |||
| 2021 | 2020 | ||||
| Investment Trusts |
|||||
| Diageo | 80,720 | 57,560 | |||
| Scottish Mortgage Trust | 200,625 | 257,975 | |||
| JP Morgan American Inv |
Trust | 191,750 | 144,250 | ||
| Baillie Gifford European | Inv Trust | 92,938 | 89,375 | ||
| Fixed Interest | |||||
| M &G Optimal Securities | 95,001 | 113,962 |