2020-10-05-accounts

STATEMENT OF FINANCIAL ACTIVITIES	STATEMENT OF FINANCIAL ACTIVITIES	STATEMENT OF FINANCIAL ACTIVITIES	STATEMENT OF FINANCIAL ACTIVITIES
(INCLUDING INCOME AND EXPENDITURE				ACCOUNT)
FOR THE YEAR ENDED	5OCTOBER		2020
					Restricted	Yearto	Year to
			Unrestricted		Capital	05.10.2020	05.10.2019
		Notes	Funds		Funds
				8	5
INCOME AND EXPENDITURE
Incoming resources		1.3
Investment income (UK)
Sarasin income				83,418		83,418	80,535
Rents receivable				25,263		25,263	27,758
Total incoming resources			108,681			108,681	108,293
Resources expended		1.4
Charitable activities
Grant to Age UK Horsham				30,574		30,574	25,428
Grant to Phoenix Stroke Club				20,000		20,000
Other Grants				8,968		8,968
Property Management costs				17,136		17,136	14,379
Investment management costs				4,964	14,891	19,855	19,329
Governance costs				14,164		14,164	13,787
Total resources expended		4		95,806	14,891	110,697	72,923
Net income/(expenditure)	for
the period before transfers		2		12,875	(14,891)	(2,016)	35,370
Other recognised gains 8	losses
Gains and losses on revaluation
and disposal ofinvestments:
Realised		6/7
Unrealised		7			90034	90034	121495
Net movement in funds before		2		12,875	75,143	88,018	156,865
transfers
Transfer between funds		11
Net movement in funds				12,875	75 'l43	88,018	156865
Fund balances brought forward			46,969		2,863,127	2,910,096	2,753,231
at6October 2019
Net movement in funds for the
year			12,875		75,143	88,018	156,865
Fund balances carried
forward at 5October 2020		11/12	59,844		2,938,270	2,998,114	2,910,096

BALANCE SHEE	T AT5OCT	OBER 202	0
			5October	2020	5October	2019
		Notes
FIXEDASSETS
Tangible fixed assets				31,698		1,477
Investments				2,884,047		2,813,868
				2,915,745		2,815,345
CURRENT ASSETS
Debtors					18,796
Cash at Bank			83,989		77,515
CREDITORS: Amounts falling due within one year		9	~1,620		1,560
NET CURRENT ASSETS				82,369		94,751
TOTAL ASSETS	LESS
CURRENT LIABILITIES				2,998,114		2,910,096
REPRESENTED	BY:
Restricted Funds:
Endowment Fund		12		2,938,270		2,863,127
Unrestricted Funds:
General Fund		11/12		59,844		46,969
				2,998,114		2,910,096

NET	MOVEMENT	IN FUNDS
			2020	2019
				E
	This is stated	after charging:-
	Depreciation		3,768	370
	Auditors' remuneration:
	Audit services		980	940
	Other services		640	620

			Other	Depreciation	Total
			E	E	E
Charitable	activities		59,542		59,542
Property management		costs	13,484	3,652	17,136
Investment	management	costs	19,855		19,855
Governance	costs		14,048	116	14,164
			106,929	3,768	110,697

TANGIBLE	FIXED	ASSETS
			Plant	and
			machinery etc f		Totalf
Cost
At 6October 2019				9,424	9,424
Addition			33,989		33,989
At 5 October 2020			43,413		43,413
Depreciation
At 6October 2019				7,947	7,947
Charge for	the year			3,768	3,768
At 5October 2020			11,715		11,715
Net book	amount	at 5 October	31,698		31,698
2020
Net book	amount	at 6 October
2019				1,477	1,477

					2020	2019
					6	E
At 6October		2019			2,813,868	2,671,702
Additions						40,000
Investment	management		costs		(19,855)	(19,329)
Revaluation		gain			90,034	121,495
At 5October		2020			2 884047	2,813,868
The analysis		ofinvestments		is:-
					2020	2019
					8	6
Sarasin Alpha CIFfor Endowments					2,647,344	2,577,165
UK freehold		property			236,703	236,703
					2,884,047	2,813,868
Investments
The following		investments	each represent		more than 5% ofthe total investment	portfolio
valuation at	5October 2020.
					2020	2019
						E
Sarasin Alpha CIFfor Endowments					2,647,344	2,577,165
UK freehold		property			236,703	236,703

		2020f	2019 f
Balance at 6	October 2019	46,969	37,102
Net incoming Transfers	resources for the period	12,875	49,867 ~40,000
Balance at 5	October 2020	59,844	46,969

				General (Unrestricted) f	Endowment (Restricted)	Totalf
Tangible	fixed	assets			31,698	31,698
Investments					2,884,047	2,884,047
Debtors Cash at 0 dlt	bank d	leSSth	1	61,464 «1,620	22,525	83,989 ~1,620
				59,844	2,938,270	2,998,114