2020-12-31-accounts

Reference and administrative	details ofthe charity, its trustees	and advisers
Trustees' report			1-2
Independent examiner's report
Statement offinancial activities
Balance sheet
Notes to the financial statements			6-11

For the year ended 31	Decembe	r	2020
						Permanent
					Unrestricted	endowment	Total	Total
					funds	funds	funds	funds
				Note	2020	2020	2020f	2019f
Income from:
Investments					32,215		32,215	39,295
Other Income					1611		1 611	44
Total income and endowments					33826		33826	39339
Expenditure on:
Cost of raising funds					19,394		19,394	13,598
Charitable activities:
Grants payable to SACF					15,360		15,360	23,236
Grants payable to other organisations Support and governance costs					500 3015		500 3015	2,003 3739
Total expenditure					38269		38269	42 576
Net expenditure before Realised and unrealised	investment gains gains on investments				(4,443) 39055	377704	(4,443) 416759	(3,237) 141 881
Net income for the year					34,612	377,704	412,316	138,644
Net movement in funds					34,612	377,704	412,316	138,644
Reconciliation offunds:
Total funds brought forward					270 888	1 322 364	1 593252	1 454 608
Total funds carried forward

Other costs
		Cost of	Support and	I
		raising	govennance	Total	Total
		funds	costs	2020	2019
Bank charges and sundry			58	5&
Accountancy fees (Governance	cost)		2,468	2,468	3,224
Investment management fees		12,623		12,623	12,970
Property Costs - Waitituna		6,771		6,771	628
Independent examiner's fee
(Governance cost)			400	400	400
Trustees' meeting (Governance	cost)		89	89	93

	Freehold
	investment
	property
Valuation
At 1 January 2020 Disposals	29,400 ~29400
At 31 December 2020

Fixed asset investments
	Fixed Asset
	Investment
Market value
At 1 January 2020 Additions Disposals Revaluation -gains on investments	1,477,980 756,929 (556,674) 20 109
At 31 December 2020

2020	2019
	E

													Balance	at
				Balance at										31
				1January						Gains/			December
				2020f	Income f		Expenditure f		(Losses) f			Transfer f	2020 f
Designated	funds
Cadet 150				197328							2537	~31 391	168474
General funds
General Funds				73 560		33826	~38269			36518		31 391	137026
Total Unrestricted		funds		270 888		33826	~38269			39055		-	3D5 500
Endowment	funds
Permanent	Endowment		funds	1 322 364					377704				1 7DD 068
Total offunds				~~M		Y~~~@			~~&
Statement	offunds - prior year
													Balance at
				Balance at									31
				1 January								Gains/	December
				2019		Income f		Expenditure		f	(Losses)f		2019f
Cadet 150 General Funds				183811 58524		39339		~42	576			13517 16273	197328 73 56D
Permanent	endowment		funds	1 212273							110091		1 322 364
Total offunds				~4~408		~K330		~!777,~4					1 593252.

Analysis ofnet assets between funds —curren	t year
	Unrestricted	Permanent	Total
	funds	endowment	funds
		funds
	2020	2020	2020
	E		E
Fixed asset investments Current assets Creditors due within one year	273,044 37,789 ~5333	1,431,350 268,718	1,704,394 306,507 ~5333

Analysis	of net assets between funds —prior	year
			Permanent
		Unrestricted	endowment	Total
		funds	funds	funds
		2019	2019	2019
				E
Fixed asset investments		236,772	1,241,208	1,477,980
Investment	property		29,400	29,400
Current assets Creditors due within one year		38,567 ~4451 51,756 90,323 ~4451 ~~~~4.~~2.