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2020-08-31-accounts

Trustees'
Report for the year ended 31August 2020
Reference and Administrative
Details ofthe Charity,		 its Trustees and Advisors ...
Structure,
Governance
and Management
Charitable
Objectives and Activities.
Operational
Management
and Policies
Financial
Review. .
Achievements
and Performance
Objectives for the Coming Year.
Statement ofTrustees'
Responsibilities.
Independent
Examiner's
Report to the Trustees. .........................,....,....
Statement of Financial Activities for the year ended 31August 2020.
Balance Sheet as at 31August 2020
Notes to the Financial Statements
for the year ended 31August 2020 .

Reference and Administrative Reference and Administrative Details ofthe Charity, Details ofthe Charity, its Trustees and Advisors
Charity name: The Lloyd Foundation
Registered charity number: 314203
Trustees: Mr Niaz Alam co-opted 3 December 2020
Mr John Baxter-Brown nominated by Churches Together
in Britain and Ireland
appointed 1September 2020
Ms Sarah Broughton, OBE nominated by the Foreign,
Commonwealth and
Development Office
Miss Joan
H Caesar		 resigned 26 September 2019
Mrs Hilary
A Dibble		 Chair
Mr David J Fitton, CMG co-opted 27 September 2018
Mr Robert Fyffe nominated by Churches Together
in Britain and Ireland
resigned 31August 2020
Mrs Lyndsey
M Kelly-Aberle		 nominated by the British Council
Mr David C Martin nominated by the British Council
Mrs Valerie Smart / Ms V Pike Chair, Finance Committee
Mr David W Taylor Vice-Chair
Secretary: Mrs Rachel C Boggs
Registered Office: 20Ancaster Road
West Park
Leeds LS165HH
Bankers: Barclays Bank UK PLC
Leo minster
Herefordshire
Investment Brokers: Redmayne
Bentley		 LLP
9 Bond Court
Leeds LS12JZ
Independent Examiner: Ms Gill Freeman
ACA
Milsted
Langdon
LLP
Winchester
House
Deane Gate Avenue
Taunton
Somerset TA1 2UH

2020 2019
E
Investments at cost (Note 4to the accounts) 2,678,082 2,696,245
Investments at market value (Note 4tothe accounts) 2,986,213 3,445,412
Unrealised gains from excess of valuation over cost 308,131 749,167
Realised gains and accumulated
surpluses		 2,842,691 2,886,562
Total reserves, comprising
Funds shown		 on the balance sheet 3,150,822 3,615,729

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Balance Sheet
as at 31August		 2020
Note 2020 2019
f
Fixed Assets:
Investments 2,986,215 3,445,412
Current Assets
Debtors 24,189 25,443
Redmayne
Bentley Deposit Account		 133,799 70,798
Barclays Current Account 95,351 68,832
Barclays Deposit Account 10,563 10,546
Total Current Assets 263,902 175,619
Creditors:
amounts
falling		 due within one year 6 (99,295) (5,302)
Net Current Assets/(Liabilities) 164,607 170,316
Total Assets less Current Liabilities 3,150,822 3,615,729
Capital and Reserves
Unrestricted
Funds		 1,519,479 1,842,598
Endowment
Funds		 1,631,343 1,773,131
Total Capital and Reserves 3,150,822 3,615,729

2. Charitab le
activities
Unrestricted Restricted Total Unrestricted
Restricted		 Total
Note funds funds 2020 funds funds 2019
f
Grants awarded
(current)		 114,232 114,232 145,850 - 145,850
Grants committed
(future)		 96,500 96,500
Governance costs 4,617 4,617 7,655 7,655
Support costs 19,095 19,095 27,542 27,542
234,444 234,444 181,047 - 181,047
3. Costs ofraising funds
Unrestricted Restricted Total Unrestricted
Restricted		 Total
Note funds funds 2020 funds funds 2019
f
Broker's Fees 480 480 480 480
480 480 480 480
4. Fixed Assets Investments
2020 2019
f.
Quoted Investments
Market Value at 1September 3,445,412 3,441,350
Additions 444,286 381,904
Disposals (507,769) (344,081)
Realised Investment Gains/(Losses) 9,398 1,466
Unrealised
Investment		 Gainsj(Losses) (405,114) (35,227)
Market value at 31August 2,986,213 3,445,412
Historical Cost at 31August 2,678,082 2,696,226
2020 2019
f f
Analysis ofInvestments
Fixed Interest 650,914 757,026
Equities 2,118,722 2,420,044
Unit Trusts 216,577 268,342
2,986,213 3,445,412
2020 2019
Investments
comprising		 more than 5%of the portfolio
M&G Securities 7.3 7.6
RSA Insurance Group 6.9
Tesco PLC —Fixed Interest 6.4
Sequoia Economic Infrastructure Fund 6.0 5.6

Notes to the
5.
Debtors		 financial statements
fo		 r the year ended 31stAugust 2020 continued
2020 2019
f f
Accounts Receivable 16,642 13,818
Accrued Income 7,547 11,625
24,189 25,443
6.
Creditors
2020 2019
f f
Accounts
Payable		 97,735 2,386
Accruals 1,560 2,916
99,295 5,302
7.
Analysis		 of net assets between Funds
Current year
2020		 Investments Net
Current
Assets		 Total
net assets
Unrestricted Funds 1,468,231 51,248 1,519,479
Endowment Funds 1,517,982 113,361 1,631,343
Total funds 2,986,213 164,609 3,150,822
Previous year
2019		 Investments Net
Current
Assets		 Total
net assets
f
Unrestricted Funds 1,767,318 75,280 1,842,598
Endowment Funds 1,678,094 95,037 1,773,131
Total funds 3,445,412 170,317 3,615,729
Note Unrestricted Restricted Total Unrestricted Restricted Total
funds funds 2020 funds funds 2019
f f
Accountancy
Fees		 10 1,560 1,560 2,916 2,916
Trustees' Meetings Costs 1,710 1,710 2,245 2,245
Trustees' Travel Expenses 1,016 1,016 2,212 2,212
Trustees' Other Expenses 332 332 282 282
4,617 4,617 7,655 7,655

Unrestricted Restricted Total Unrestricted Restricted Total
Note funds funds 2020 funds funds 2019
f
Secretarial Services 15,197 15,197 23,532 23,532
Secretary's Travel Expenses 932 932 1,273 1,273
Bank Charges 288 288 253 253
Insurance 1,063 1,063 834 834
Telephone &.Broadband 294 294 475 475
Postage 11 11 214 214
Sundries 676 676 813 813
ITSoftware and Consumables 344 344 78 78
Membership
Fees and
Subscriptions		 290 290 70 70
19,095 19,095 27,542 27,542
10.Net Surplus for the Year
2020 2019
This is stated after charging: f f
Independent examiner's fee 1,560 2,916