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2021-04-05-accounts

Page
Trustees'
Annual		 Report 1to4
Auditors'
Report		 5to 7
Statement of Financial Activities
Balance Sheet
Statement ofCash Flows 10
Notes 11 to 19

Unrestricted Expendable 2021 2020
Income Endowment
Fund Fund Total Total
Note E F
INCOME AND ENDOWMENTS FROM:
Investments 1,335,855 1,335,855 1,610,699
Returned
Grants		 50,000 50,000
TOTAL INCOME AND ENDOWMENTS 1,385,855 1,385,855 1,610,699
EXPENDITURE ON:
Raising Funds
Investment
Management
Costs		 91,639 91,638 183,277 158,784
Property Expenses 67,344 67,344 39,923
158,983 91,638 250,621 198,707
Charitable
Activities
Charitable
Grants		 1,080,200 1,080,200 1,334,308
Cost ofGrant Making
Grant related support costs 87,123 87,123 103,861
1,167,323 1,167,323 1,438,169
TOTAL EXPENDITURE 1,326,306 91,638 1,417,944 1,636,876
NET INCOME / EXPENDITURE
BEFOREOTHER RECOGNISED
GAINS AND LOSSES 59,549 (91,638) (32,089) (26,177)
OTHER RECOGNISED GAINS AND LOSSES
Unrealised
Gain/ (Loss) on Revaluation		 ofProperty 972,242 972,242 (460,000)
Realised
Gain/ (Loss) on Investment		 Assets 1,353,542 1,353,542 (675,647)
Unrealised
Gain/ (Loss) on Investment		 Assets 4,609,989 4,609,989 (4,357,164)
6,935,773 6,935,773 (5,492,811)
NET MOVEMENT
IN FUNDS		 59,549 6,844,135 6,903,684 (5,518,988)
RECONCILIATION
OF FUNDS
Total Funds Brought Forward 1,181,907 42,584,348 43,766,255 49,285,243
Total Funds Carried Forward 1,241,456 49,428,483 50,669,939 43,766,255

AS AT 5APRIL 2021
2021 2020
Note F E
FIXEDASSETS
Investments 43,375,020 35,702,402
Investment
Properties		 7,087,500 5,158,592
Tangible Fixed Assets 500 1,000
Total Fixed Assets 50,463,020 40,861,994
CURRENT ASSETS
Debtors 10 329,677 229,726
Cash at bank and
in hand		 11 1,266,212 4,246,019
Total Current Assets 1,595,889 4,475,745
CREDITORS
Amounts
falling due within one year		 12 (1,168,481) (972,875)
NET CURRENT ASSETS 427,408 3,502,870
TOTAL ASSETSLESSCURRENT LIABILITIES 50,890,428 44,364,864
CREDITORS
Amounts
falling due after
more than one year (220,489) (598,609)
NET ASSETS 50,669,939 43,766,255
FUNDS
Expendable
Endowment		 14 49,428,483 42,584,348
Unrestricted
Income		 14 1,241,456 1,181,907
TOTAL CHARITY FUNDS 50,669,939 43,766,255

Note 2021 2020f
CASH FLOW FROM OPERATING ACTIVITIES
Net Income/(Expenditure)
for year (as per		 SOFA) (32,089) (26,177)
Adjustment
for:
Dividends,
interest and rents from		 investments (1,335,855) (1,610,699)
Depreciation
charge foryear		 500 502
(Increase)
/ decrease
in debtors		 (99,951) 201,113
Increase
/ (decrease)
in creditors		 (182,514) 439,506
Net cash provided
(for) / by operating		 activities (1,649,909) (995,755)
CASH FLOW FROM INVESTING ACTIVITIES
Sale of investments 21,470,660 13,304,715
Dividends,
interest and rents from investments		 1,335,855 1,610,699
Additions
to property,
plant and equipment		 (956,666) (2,111,161)
Purchase ofinvestments (24,202,070) (14,697,727)
NET CASH FLOWS FROM
INVESTING ACTIVITIES (2,352,221) (1,893,474)
CHANGE
IN CASH AND CASH EQUIVALENTS		 (4,002,130) (2,889,229)
Cash and cash equivalents
brought forward		 6,251,562 9,140,791
CASH AND CASH E
UIVALENTS
CARRIED FORWARD 2,249,432 6,251,562
Anal sis ofchan es in net debt: 5April 2020 Cashflows 5April 2021
E E
Cash and cash equivalents 6,251,562 (4,002,130) 2,249,432

FOR THE YE AR ENDED 5AP RIL 2021
RETURNED GRANTS
2021
F		 2020
f
Footprints
Capital Grant		 50,000
PROPERTY EXPENDITURE
2021 2020
E
Light, Heat, Rates and Water 2,280 872
Insurance
and Security		 11,360 7,337
Professional
Fees and Advertising		 35,688 12,695
Service charges 7,374 18,028
Refurbishment 10,642 991
67,344 39,923
Investment
property expenses		 relate solely to the Unrestricted Income Fund in the current and preceding
year.
CHARITABLE GRANTS 2021
E
Purposes
Beneficial to the		 Community
Autistic Nottingham 4,000
Big Issue Foundation
(Notts.		 Office) 7,500
Citizens' Advice Ashfield 2,700
Citizens' Advice Bassetlaw 5,000
Citizens' Advice Broxtowe 5,000
Citizens' Advice —Sherwood & Newark 5,000
Emmanuel
House Support Centre		 20,000
Equation 4,000
Hareham
Garden Allotments		 3,000
Hope Community
Services		 5,000
Host Nottingham 3,000
Huthwaite
Hub		 2,300
ISAS 12,000
Lenton Centre 4,000
Mansfield
&District Citizens' Advice		 Bureau 8,000
NIDAS 5,000
Nottingham
Narrow Boat		 5,000
Nottingham
Women's
Centre		 7,000
Oasis Community
Centre		 30,000
Open Minds 8,500
Peter Le Merchant Trust 2,500
Pulp Fiction CIC 3,000
Remar Association
UK		 3,000
Riding for Smiles 2,500
Rosiemay
Foundation		 5,000
Rucksack Project Nottm. University Students' Union 300
SHE UK 5,000
St.Peter's United Charities 5,000
Support Through
Court Nottingham		 5,000
Summerwood
Lane Community		 Garden 3,400
Trinity Centre 14,000
Unanima
Theatre		 2,000
Vineyard Arches Trust 2,500

CHARITABLE GRANT S CONT ...
2021
E
Relief ofSickness or Disability: General
Action for A-T 4,500
Barn ado's 5,000
Beaumond
House Hospice Care		 25,000
Bipolar UK 1,500
Deafblind
UK		 1,000
Headway
UK		 12,000
Leicester Hospitals
Charity		 3,500
Marie Curie Cancer Care 5,000
Motor Neurone Disease Association - MNDA 5,000
Multiple System Atrophy Trust 1,000
Newlife 5,000
Nottingham
Hospitals
Charity		 103,000
Nottinghamshire
Hospice		 25,000
Rainbows
Children's
Hospice		 (12,500)
Treetops Hospice Care 25,000
Trent Community
First		 Responders 3,000
212,000
Welfare ofthe Aged
Age UK Nottingham
&		 Notts 5,000
Golf in Society CIC 1,000
Helpful Bureau 5,000
MHA —Southwell
& District Live		 at Home Scheme 2,500
Radford Care Group 15,000
Vine Community
Centre		 4,000
Wainman
Trust		 5,000
37,500
Welfare ofthe Young
Breaking Bamers Building Bridges 5,000
Children's
Bereavement		 Centre 5,000
First Steps Derbyshire 5,000
Fundays
in Nottinghamshire		 5,000
Greenway
Centre		 5,000
Indigo Brave 5,000
Little Hearts Matter 5,000
Moo Haven 4,000
Nottingham
& Nottinghamshire		 Refugee Forum 3,000
Nottinghamshire
Clubs		 for Young People 2,500
NSPCC - Nottinghamshire 5,000
PASIC 5,000
Peter Le Merchant
Trust		 2,500
Pintsize Theatre 5,000
Positively Empowered Kids CIC 4,500
Safer Living Foundation 5,000
Sneinton
Town FC		 1,000
Switch Up CIC 1,500
Walesby Forest 8,000
Wolfpack Project 5,000
YHA (England
&Wales)		 4,000
91,000

2021f
Accommodation
Betel of Britain 200,000
REACH Learning Disability 225,000
425,000
Education
IntoUniversity 5,000
Rise Learning Zone CIC 5,000
Welbeck Primary School 10,000
Wild Things Ecological Education Collective 5,000
25,000
Heritage
Framework
Knitter's		 Museum 85,500
Other
Nottinghamshire Community Foundation 5,000
1,080,200
SUPPORT COSTS INCLUDING GOVERNANCE COSTS 2021 2020
F
Legal Fees 16,011 28,424
Administration, Accountancy and Taxation Fees 57,640 53,397
Audit Fee 3,395 4,200
Sundries 25 67
Investment
advice		 8,250 16,000
Printing,
postage,		 stationery and office consumables 1,302 1,271
Depreciation 500 502
87,123 103,861
INVESTMENTS 2021
F
Market Value at 6 April 2020 33,696,859
Additions 24,202,070
Disposals (21,440,929)
Equalisation Income (29,731)
Realised and Unrealised Profit 5,963,531
Market Value at 5 April 2021 42,391,800
Cash held for Investment Purposes 983,220
Total 43,375,020
Page 15

Analysis ofInvestments 2021 2020
Quoted Investments E
Bonds 9,359,274 10,978,394
Equities 27,444,498 17,322,878
Alternative Investments 5,197,535 3,391,193
Property 390,493 801,692
Money Market 1,202,702
42,391,800 33,696,859
Cash held for Investment Purposes 983,220 2,005,543
43,375,020 35,702,402
The historical cost ofinvestments at 5April 2021 was f37,800,502.

INVESTMENT PROPERTIES
2021
At Cost or Valuation E
As at 6 April 2020 5,158,592
Additions 956,666
Revaluation 972,242
As at 5 April 2021 7,087,500

TANGIBLE FIXEDASSETS
~Com uter
Cost
At 06 April 2020 1,502
At 05April 2021 1,502
Depreciation
At 06 April 2020 502
Charge for year 500
At 05April 2021 1,002
Net BookValue
At 05April 2021 500
At 06 April 2020 1,000

10. DEBTORS DEBTORS 2021 2020
Rents Receivable 302,414 226,162
Other Debtors 27,263 3,564
329,677 229,726
11. CASH BALANCES
2021 2020
E
Cash at Bank 1,209,444 4,106,257
Cash Held by Investment Advisors 56,768 139,762
1,266,212 4,246,019
Analysis Of Cash And Cash Equivalents
Cash held for investment purposes 983,220 2,005,543
Cash at bank and in hand 1,266,212 4,246,019
2,249,432 6,251,562
12. CREDITORS 2021 2020
Amounts falling due within one year F
VAT 17,360 17,672
Grants Committed 951,118 780,450
Deferred Income 81,761 81,783
Accruals 65,816 42,239
Deposit Repayable 50,731 50,731
Service Charge 1,695
1,168,481 972,875
Amounts falling due after more than one year
Grants Committed 220,489 598,609
Deferred income relates to property income received in advance.
Under 1 year Over 1 year Total
E F E
At 6April 2020 81,783 81,783
Additions in year 81,761 81,761
Amounts released to income (81,783) (81,783)
At 5 April 2021 81,761 81,761

2021 2020
E
Within one year 446,525 313,367
Between one and five years 1,347,157 800,899
In over five years 890,752 739,660
2,684,434 1,853,926
14. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Expendable Total
Income Endowment Funds
f. F
Investment Assets 1,012,537 49,450,483 50,463,020
Current Assets 1,595,889 1,595,889
Creditors (1,366,970) (22,000) (1,388,970)
Net Assets at 5April 2021 1,241,456 49,428,483 50,669,939
15. GRANT COMMITMENT RECONCILIATION
2021 2020
Commitment at the start ofthe year
Payable in less than once year (Note 12) 780,450 700,000
Payable in more than one year (Note 12) 598,609 272,500
1,379,059 972,500
Grants committed during the year (Note 5) 1,080,200 1,334,308
Grants paid during the year (1,287,652) (927,749)
1,171,607 1,379,059
Commitment at the end ofthe year
Payable in less than one year (Note 12) 951,118 780,450
Payable in more than one year (Note 12) 220,489 598,609
1,171,607 1,379,059