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|||Pac ee|
|---|---|---|
|Charity
Particulars|||
|Trustees'
Annual
Report||2 —4|
|Independent
Examiner's|Report||
|Statement
of Financial|Activities||
|Statement
of Financial|Activities —prior year||
|Balance Sheet|||
|Notes to the Financial|Statements|9-15|
|Trustees||Mr D Bendell|||
|---|---|---|---|---|
|||Mrs G Brown —retired November 2020|||
|||Miss D Harrison|||
|||Mrs E Hemsley|||
|||Councillor
M Hulbert|||
|||Mrs C Philipson|||
|||Mr C Sewell —appointed|November 2020||
|||Councillor
P Stead-Davis|||
|||Revd P Watson|||
|||Mr A Wheeler|||
|Principal Address||20a Millstone
Lane|||
|||Leicester|||
|||LE1 5JN|||
|Bankers||NatWest|||
|||13The Borough|||
|||Hinckley|||
|||LE10 1NL|||
|Stockbrokers||CCLA|||
|||Senator House|||
|||85 Queen Victoria Street|||
|||London|||
|||EC4V4ET|||
|Independent|Examiner|Mr A West FCA|||
|||Somerbys
Limited|||
|||30 Nelson Street|||
|||Leicester|||
|||LE1 7BA|||
|Administrator||Charity
Link (Leicester Charity Organisation||Society)|
|||20a Millstone
Lane|||
|||Leicester|||
|||LE1 5JN|||
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||||||Note|Unrestricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||||Funds|Funds|2020|2019|
|Income
and||endowments||||||||
|from:||||||||||
|Investments||||||||||
|Investment
income||||||23,827||23,827|22,891|
|Allotment
and|other||rents|||2,338||2,338|2,181|
|Bank interest||||||322||322|313|
|Donations||||||||||
|Total||||||26,487||26,487|25,385|
|Expenditure
on:||||||||||
|Charitable
activities:||||||||||
|Grants|||||3|17,865||17,865|28,207|
|Support costs:||||||||||
|Management|and|||||||||
|administration|ofthe charity||||4|7,412||7,412|6,925|
|||||||25,277||25,277|35,132|
|Net income/(expenditure)||||||||||
|before investment||||||||||
|gains/(losses)
Net gains/(losses)||on||||1,210||1,210|(9,747)|
|investments|||||||40,199|40,199|40,000|
|Gains on revaluation|||offixed|||||||
|assets|||||||||98,175|
|Net income||||||1,210|40,199|41,409|128,428|
|Transfers
between||funds||||||||
|Net movement|in|funds||||1,210|40,199|41,409|128,428|
|Fund balances|brought|||forward||||||
|at 1 January 2020||||||20,849|766,176|787,125|658,697|
|Fund
balances|carried|||forward||||||
|at 31 December|2020|||||622,059|F806,475|8828,534|F787,125|
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|||||Unrestricted|Endowment|Total|
|---|---|---|---|---|---|---|
|Prior financial year|||Note|Funds|Funds|2019|
|Income and endowments||from:|||||
|Investments|||||||
|Investment
income||||22,891||22,891|
|Allotment
and other|rents|||2,181||2,181|
|Bank interest||||313||313|
|Donations|||||||
|Total||||25,385||25,385|
|24,821|||||||
|Expenditure
on:|||||||
|Charitable
activity:-|||||||
|Grants|||3|28,207||28,207|
|Management
and administration|||of||||
|the charity|||4|6,925||6,925|
|Total||||35,132||35,132|
|22,611|||||||
|Net income/(expenditure)||before||(9,747)||(9,747)|
|investments|||||||
|Gains on investments|||||||
|Gains on revaluation|offixed assets||||40,000|40,000|
|Unrealised
gains/(losses)||on investments|||98,175|98,175|
|Net income/(expenditure)||||(9,747)|138,175|128,428|
|(12,248)|||||||
|Reconciliation
offunds|||||||
|Fund balances
brought|forward|||30,596|628,101|658,697|
|at 1 January 2019|||||||
|Fund balances
carried|forward|||820,849|8766,276|8787,125|
|at 31 December 2019|||||||
|||Note||2020|2019|
|---|---|---|---|---|---|
|Fixed assets||||||
|Investments||||792,312|712,113|
|Current assets||||||
|Cash at bank|||39,661||82,732|
|Current
liabilities||||||
|Creditors
and accruals|||3,439||7,720|
|Net current assets||||36,222|75,012|
|Net assets||||f828,534|F787,125|
|Capital fund||||||
|Endowment||||806,475|766,276|
|Income fund||||||
|Unrestricted|funds|||22,059|20,849|
|||||6828,534|L787,125|
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|Grants paid/payable||(continued)|(continued)|||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||No|2020|No|2019|
|Institutions:||||||||||
|Grants to individuals||||||8|2,845|20|11,557|
|Educational
grants||via|Alderman|Newton's|Charity|13|8,020|13|8,900|
||||||||10,865||28,407|
|Total direct charitable|||expenditure||||617,865||228,207|
|Supportcosts||||||||||
||||||||2020||2019|
|Management
and|administration|||ofthe charity||||||
|Administration
fees||and office codes|||||3,663||4,085|
|Audit and accountancy|||fees||||1,495||1,146|
|Legal and professional|||fees||||||240|
|Allotment
maintenance|||||||1,703||1,026|
|Trustee
indemnity|insurance||||||376||376|
|Other expenses|||||||175||52|
||||||||E7,412||F6,925|
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|6.|Fixed asset investments|Fixed asset investments|Fixed asset investments|||
|---|---|---|---|---|---|
|||||2020|2019|
||Fixed asset investments|||||
||Market value at 1 January 2020|||712,113|613,938|
||Additions|||40,000||
||Disposals —at opening||market|||
||Unrealised
gains/(losses)|||40,199|98,175|
|||||F792,312|F712,113|
|7.|Current assets|||||
|||||2020|2019|
||NatWest Bank|||13,117|16,188|
||Market Harborough|Building Society||11,378|11,378|
||COIF Deposit Fund|||1,000|1,000|
||Petty Cash|||3||
|||||825498|828569|
||Capital funds held|as|cash|||
||Market Harborough|Building Society||14,163|14,163|
||NatWest Bank (awaiting||transfer)||40,000|
|||||F14,163|854,163|
||Total cash held at year||end|639,661|882,732|
|8.|Creditors|||||
|||||2020|2019|
||Accruals|||702|690|
||Trade creditors|||2,309|3,010|
||Accrued grants|||428|4,020|
|||||L'3,439|F7,720|
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|Analysis ofnet|assets between|funds||||
|---|---|---|---|---|---|
|||Unrestricted|Endowment|Total|Total|
|||Funds|Funds|2020|2019|
|The constitution|ofthe funds at|||||
|31"December 2020 was as||||||
|follows:||||||
|Fixed asset investments|||792,312|792,312|712,113|
|Current assets||25,498|14,163|39,661|82,732|
|Current
liabilities||(3,439)||(3,439)|(7,720)|
|At 31"December|2020|22,059|806,475|828,534|787,125|
##
|nvestment
|Schedul|e|||||||
|---|---|---|---|---|---|---|---|---|
||||||||Market|Market|
||||||||Value|Value|
|||||||Cost|2020|2019|
|33,166.32|COIF|Charities|Investment||Fund|375,000|600,003|544,533|
|48,611.17|COIF|Charities|Property|Fund||75,000|53,783|56,642|
|42,750.52|COIF|Ethical Investment|||Fund|88,533|138,526|110,938|
|||||||F583,553|8792,312|f712,113|
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