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





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|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<br>on:|||||||||
|Cost of raising funds|||||19,394||19,394|13,598|
|Charitable<br>activities:|||||||||
|Grants payable to SACF|||||15,360||15,360|23,236|
|Grants payable to other organisations<br>Support and governance<br>costs|||||500<br>3015||500<br>3015|2,003<br>3739|
|Total expenditure|||||38269||38269|42 576|
|Net expenditure<br>before <br>Realised and unrealised|investment<br>gains<br>gains on investments||||(4,443)<br>39055|377704|(4,443)<br>416759|(3,237)<br>141 881|
|Net income for the year|||||34,612|377,704|412,316|138,644|
|Net movement<br>in funds|||||34,612|377,704|412,316|138,644|
|Reconciliation<br>offunds:|||||||||
|Total funds brought<br>forward|||||270 888|1 322 364|1 593252|1 454 608|
|Total funds carried forward|||||||||









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





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||Freehold|
|---|---|
||investment|
||property|
|Valuation||
|At 1 January 2020<br>Disposals|29,400<br>~29400|
|At 31 December 2020||



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



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|2020|2019|
|---|---|
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||||||||||||||Balance|at|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||Balance at||||||||||31|
|||||1January||||||Gains/|||December||
|||||2020f|Income<br>f||Expenditure<br>f||(Losses)<br>f|||Transfer<br>f|2020<br>f||
|Designated|funds||||||||||||||
|Cadet 150||||197328|||||||2537|~31 391|168474||
|General funds|||||||||||||||
|General<br>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<br>f||Expenditure||f|(Losses)f||2019f||
|Cadet 150<br>General<br>Funds||||183811<br>58524||39339||~42|576|||13517<br>16273|197328<br>73 56D||
|Permanent|endowment||funds|1 212273|||||||110091||1 322 364||
|Total offunds||||~4~408||~K330||~!777,~4|||||1 593252.||





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



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|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<br>Creditors<br>due within one year||38,567<br>~4451<br>51,756<br>90,323<br>~4451<br>~~~~4.~~2.|||



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