2020-12-31-accounts

Contents
			Page
Report ofthe Trustee			2
Independent auditor's	report to the Trustee of Colston's	Hospital Trust
Statement offinancial	activities
Balance sheet			12
Principal accounting	policies		13
Notes to the financial	statements		15

						Permanent
				Unrestricted	Restricted	endowment	2020	2019
				funds	fund	fund	Total	Total
			Note	6			E
Income from:
Investment	income		1	26,337	13,555		39,892	46,917
Total income				26,337	13,555		39,892	46,917
Expenditure	on:
Charitable	activities
Education:
Colston's School			2	(17,293)	(11,493)		(28,786)	(35,082)
Colston's Girls' School			2	(4,323)	(1,768)		(6,091)	(7,409)
Total charitable
activities				(21,616)	(13,261)		(34,877)	(42,491)
Other				(4,721)			(4,721)	(4,331)
Total resources
expended				(26,337)	(13,261)		(39,598)	(46,822)
(Loss)/gain	on
revaluation	of
investments					(38,809)	(75,401)	(114,210)	172,638
Net
(expenditure)/income
being net movement funds		in	10		(38,515)	(75,401)	(113,916)	172,733
Reconciliation of
funds:
Total funds	brought
forward					429,320	834,940	1,264,260	1,091,527
Total funds	carried
forward			10		390,805	759,539	1,150,344	1,264,260

t 31 De	cembe	r	2020
						2020		2019
				Notes
Tangible assets
Investments						1,143,139		1,257,349
Current assets
Debtors					8,336		11,005
Cash					8,002		6,791
					16,338		17,796
Creditors:	amounts	falling due
within one	year				(9,133)		(10,885)
Net current	assets					7,205		6,911
Net assets						1,150,344		1,264,260
Funds
Unrestricted	fund
Restricted funds						390,805		429,320
Permanent	endowment		fund	9&10		759,539		834,940
				10		1,150,344		1,264,260

Inco	ming resources
		2020	2019
			F
Investment	income
Distributions	from MVCIP	39,882	46,896
Bank interest		10	21
		39,892	46,917

2 A	nalysis oftota	l resources ex	pended
Donations	from the unrestricted	fund comprise:
			Direct	Support
			costs	costs	2020	2019
					8	8
Colston's	School		15,960	1,333	17,293	21,318
Colston's	Girls' School		3,990	333	4,323	5,329
			19,950	1,666	21,616	26,647

				2020	2019
				8	8
Audit fee				2,340	2,340
Professional		Fees		2,370	1,980
Trustee's	indemnity		insurance	11	11
				4,721	4,331

for the year ended 31 December 2020 (continued	for the year ended 31 December 2020 (continued	)
4 Tangible fixed assets
		Freehold
		land and
		buildings
		8
Cost or valuation
As at 1 January	and 31 December 2020	6,693,509
Accumulated	depreciation
As at 1 January	and 31 December 2020	(6,693,509)
Net book value as at 31 December 2020
Net book value	as at 31 December 2019

5 Fixed asset investments	5 Fixed asset investments
		Investments
		in MVCIP
		E
Cost
As at 1 January and 31 December 2020		735,048
Revaluations
Unrealised gains at 1 January 2020		522,301
Loss arising on revaluation in the year		(114,210)
Unrealised gains at 31 December 2020		408,091
Net book value at 31 December 2020		1,143,139
Net book value at 31 December 2019		1,257,349
All investments are held in the MVCIP.	The porffolio for MVCIP was structured	as follows at 31 December
2020:
Investment assets in the UK		41.9
Investment assets outside the UK		42.8
Alternatives & Multi-Asset		14.2
Cash
		100

		2020 f	2019 f
Colston's	School	5,122	6,583
Colston's	Girls' School	1,050	1,341
Other creditors		2,961	2,961
		9,133	10,885

Restricted funds
			Decrease	As at
	As at	Net	in market	31
	1 January	incoming	value of	December
	2020f	resourcesf	investment f.	2020f
RSW Clarke	55,755		(5,064)	50,691
CCS Trusts	18,097		(1,644)	16,453
CCS Prize	18,896		(1,716)	17,180
CCS Bursaries and Scholarships	226,679		(20,590)	206,089
F A Clark	98,650		(8,961)	89,689
A M McWatters	11,243	61	(601)	10,703
	429,320	61	(38,576)	390,805

				Permanent
		Unrestricted	Restricted	endowment
		funds	funds	fund	Total
		E	E.	E	E
At 1 January 2020			429,320	834,940	1,264,260
Net movement	in funds		(38,515)	(75,401)	(113,916)
At 31 December 2020			390,805	759,539	1,150,344
Represented	by
Investments			388,447	754,692	1,143,139
Current assets			5,130	11,208	16,338
Current liabilities			(2,772)	(6,361)	(9,133)
			390,805	759,539	1,150,344