## ## |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| ## ## ## ## ## |||IO
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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| ## ## ## ##