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||||||2021||2020|
|---|---|---|---|---|---|---|---|
|Incoming Resources||||||||
|Donations and legacies (note||1k)||105,524|||100,000|
|Investment<br>Income (note 5)||||29,834|||28,302|
|Total Incoming Resources||||||5358|128 02|
|Resources Expended:||||||||
|Charitable<br>activities (note 2)||||||||
|Grants payable<br>in furtherance||ofthe||||||
|Charity's ob|ectives (note|8)|||196,979|||187,072|
|Visits to grants recipients||||3,138|||4,430|
|Audit Fee||||3,030|||2,940|
|Investment<br>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<br>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<br>in general|fund||derives wholly|from continuing|operations.|||





|||||||AS AT31DEC|EMBER 20|21|||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||2021||2020|
|||||||||||E|
|General<br>Fund||||||||1|446013|1358588|
|Represented<br>by:|||||||||||
|Fixed|Assets||||||||||
||Tangible Fixed Assets||||||||||
||Computer<br>Equipment||||(Note 4)||||||
||Investments|at Market|||Value (Note 5)||||||
||Fixed Interest|(Bonds)||||138,031||||230,701|
||Investment<br>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<br>on behalf ofthe||||Trustees on||2022 and|signed o|ts behalf|b||
|jMayhew||||||M Wlllmott|||||
|Chair||||||Trustee|||||





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|||Direct Costs<br>f|Support Costs<br>E|2021Total<br>f|2020Total<br>E|
|---|---|---|---|---|---|
|Grants|Payable|157,106|39,092|196,198|187,072|
|Visits|to Recipients|3138|781|3919|4~430|
|||160244|39873|200117|191502|



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|||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<br>and|Stationery|89||2|91|79|
|Computer<br>Expenses||128||2|130|90|
|Consultancy|Fees|36,287|725||37,012|35,934|
|Consultancy|Expenses|846||17|863|978|
|||~39092|781||39873|39253|



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|||2021|2020|
|---|---|---|---|
|||E|E|
|Cost||||
|Brought forward as at 1January|||606|
|Additions<br>during the year||||
|Cost as at 31December||||
|Depreciation||||
|Brought forward as at 1January|||606|
|Provided<br>during the year||||
|Accumulated<br>depreciations|as at 31December|||
|Net book value as at 31December||||





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|5.<br>Investments|5.<br>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<br>E|cost<br>f|proceeds<br>E|Market Value<br>E|December 2021<br>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|





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|The following<br>Investments<br>are Overseas Investments|The following<br>Investments<br>are Overseas Investments|The following<br>Investments<br>are Overseas Investments|at Market Value:-|||
|---|---|---|---|---|---|
|||||2021|2020|
|||||E|E|
|Investment<br>Trusts||||||
|Baillie Gifford European|Inv. Ord|||92,938|89,375|
|Baillie Gifford Japanese|Income|||44,467||
|JP Morgan American<br>Inv|Trust|||191,750|144,250|
|Prusik IM Asia Equity||||42,962|41,507|
|The following<br>Investments<br>represent||more than 5'|ofthe Portfolio at Market Value,.-|||
||||2021|2020||
|Investment<br>Trusts||||||
|Diageo|||80,720|57,560||
|Scottish Mortgage Trust|||200,625|257,975||
|JP Morgan American<br>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||



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