| TATEMENT OF FINANCIAL ACTIVITIES ECEMBER 2020 |
FOR T |
HE YEAR |
ENDING |
31sr |
|---|---|---|---|---|
| Note | 2020 | 2019 | 2018 | |
| INCOMING RESOURCES | ||||
| Covenanted and voluntary income |
||||
| Investment income |
66,635 | 65,620 | 65,749 | |
| Other Income | 25,000 | |||
| Realised gains | I 839 | |||
| TOTAL INCOME | 68,474 | 65,620 | 90,749 | |
| RESOURCES EXPENDED | ||||
| Direct charitable | ||||
| Charitable gifts and recoupment |
52,000 | 35,000 | 25,000 | |
| ~0th E dt |
||||
| Management and administration |
21,890 | 15,899 | 16,100 | |
| Work on farm properties | 8,585 | 9,266 | 24 872 | |
| TOTAL EXPENDITURE | 82,475 | 60 165 | 65,972 | |
| Net income/(deficiency) for the year |
14,001 | 5,455 | 24,777 | |
| STATEMENT OF OTHER RECOGNISED GAINS | ||||
| Net capitaV(deficiency) for the year |
1,839 | |||
| Net income/(deficiency) for the year |
(15,840) | 5,455 | 24,777 | |
| Investment gains/(losses): |
||||
| Unrealised | 65,983 | 188,853 | (43,932) | |
| NET MOVEMENT IN FUNDS FORTHE YEAR | 51983 | 194 08 | 19155 |
| Note | 2020 | 2019 | 2018 | |||
|---|---|---|---|---|---|---|
| FIXEDASSETS | ||||||
| Investments | 5 | 4 743,461 | 4 667 587 | 4,469,871 | ||
| CURRENT | ASSETS | |||||
| Debtors | 6 | 31,981 | 6, 165 | 31,965 | ||
| Cash at Bank and in hand | 16355 | 46 705 | 40 509 | |||
| 48,336 | 52,870 | 72,474 | ||||
| Less: | ||||||
| CURRENT | LIABILITIES | 7 | 20,789 | 1,431 | 17,627 | |
| NET CURRENT ASSETS | f27 547 | f51 439 | f54 847 | |||
| TOTAL ASSETSLESSCURRENT LIABILITIES | K4 771008 | g4,719026 | g4 524 718 | |||
| CAPITAL | ||||||
| Permanent | Endowed | Fund | 8 | 1,105 | 1,105 | 1,105 |
| Unrestricted | funds: | |||||
| Capital | 8 | 2,626,102 | 2,558,280 | 2,369,427 | ||
| Income | 8 | 296,794 | 312,634 | 307,179 | ||
| Revaluation | reserve | 8 | 1 847 007 | 1,847,007 | 1 847 007 | |
| K4 771,008 | K4,719,026 | g4,524,718 |
| OTES TO THE ACCOUNTS FORTHE YEAR E | OTES TO THE ACCOUNTS FORTHE YEAR E | NDED 3 | 1sr DECE | MBER 202 | 0 | |
|---|---|---|---|---|---|---|
| 2. COVENANTED AND VOLUNTARY INCOME |
||||||
| 2020 | 2019 | 2018 | ||||
| Donations from individuals |
||||||
| Donations fiom corporate sponsors |
||||||
| 3, INVESTMENT &OTHER INCOME | ||||||
| 2020 | 2019 | 2018 | ||||
| Rental income and way leaves | 56,510 | 55,510 | 55,683 | |||
| Income received | 10,125 | 10,110 | 10,066 | |||
| Grants received | 25 000 | |||||
| f66,635 | f65 620 | f90,749 | ||||
| 4. MANAGEMENT AND ADMINISTRATIVE EXPENDITURE |
||||||
| 2020 | 2019 | 2018 | ||||
| Insurance | 10,445 | 4,568 | 4,096 | |||
| Accountancy charges |
3,075 | 3,075 | 3,070 | |||
| Clerks salary | 3,000 | 3,120 | 3,030 | |||
| Property management charges |
5,370 | 4,895 | 5,219 | |||
| Trustees expenses | 241 | 685 | ||||
| f21,890 | f15899 | f16,100 | ||||
| 5. INVESTMENTS | ||||||
| Cost | or Revaluation | |||||
| 5,I INVESTMENT LAND AND BUILDINGS | 2020 | 2019 | 2018 | |||
| The following investment properties |
are owned by the | Trust: | ||||
| 1.1;Lower House &Marsh View Farms, PR4 ITS | 850,000 | 850,000 | 850,000 | |||
| 1.2; South Greenhills Farm, PR4 3HR |
775,000 | 775,000 | 775,000 | |||
| 1.3;Newton Hall Faun, PR4 3RT |
700,000 | 700,000 | 700,000 | |||
| 1.4; 14.96 acres Land adj Bluecoat | School, PR4 3RT | 45,000 | 45,000 | 45,000 | ||
| 1.5; 16.59acres at New Hey Lane, | PR4 3SA | 50,000 | 50,000 | 50,000 | ||
| 1.6;80.50 acres at Wesham House | Farm, PR4 3HD | 725,000 | 725,000 | 725,000 | ||
| 1.7;Paddock Land at Bush Lane, PR4 ISA | 20,000 | 20,000 | 20 000 | |||
| K3 | 165000 | K3 165,000 | f3 | 165000 |
| 5.2 INVESTMENTS —SHARES AND UNIT TRUSTS | 5.2 INVESTMENTS —SHARES AND UNIT TRUSTS | 5.2 INVESTMENTS —SHARES AND UNIT TRUSTS | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| 13,794.72 | COIF Income Shares | 248,462 | 233,527 | 198,103 | |
| 670.87 | COIF Accumulation Shares |
138,604 | 126,248 | 103,783 | |
| 1,933.91 | COIF Accumulation Shares |
399,552 | 363,934 | 299,175 | |
| 752.29 | ASI American Equity Fund A Acc |
25,393 | 22,438 | 17,706 | |
| 5,400.40 | Artemis UK Growth Fund Class R | 33,482 | 31,916 | 24,226 | |
| Accumulation | |||||
| 16,955.31 | Baring Strategic Bond Fund (Income | 20,516 | 21,025 | 19,346 | |
| Units) | |||||
| 10,510.15 | Fidelity Sustainable European Equity |
58,594 | 53,567 | 45,830 | |
| Fund A-Accumulation | |||||
| 359.53 | Fidelity Global Special Situations | Fund | 18,473 | 15,805 | 13,026 |
| A | |||||
| 10,408.79 | Fidelity Money Builder Dividend | Fund | 22,400 | 27,167 | 23,815 |
| A-Income | |||||
| 59.60 | Fidelity Money Builder Dividend | Fund | 73 | 54 | |
| A-Income | |||||
| 2,407.74 | Fidelity South East Asia Fund | 44,351 | 35,972 | 29,904 | |
| Accumulation | |||||
| 359.53 | Fidelity Special Situation Fund A | 13,148 | 15,050 | 12,461 | |
| 3,368.794 | AXA Framlington American Growth |
34,766 | 26,401 | 20,125 | |
| Fund R Accumulation | |||||
| 2,852.46 | GAM UK equity income | 23,732 | 28,496 | 25,815 | |
| HSBC UK Growth &Income fund | 8,746 | 7,716 | |||
| (Retail Income) | |||||
| 11,401.52 | HSBC UK Growth &Income Fund | 7,116 | |||
| (Income C) | |||||
| JPM Japan Fund A Accumulation | 6,727 | 5,421 | |||
| 1,278.51 | JPM Japan Fund BAccumulation | 9,320 | |||
| 8,001.48 | JPM UK Equity Growth Fund B | 12,482 | |||
| Accumulation | |||||
| 23,750.00 | M&G Gilt &Fixed Interest Income Fund | 25,448 | 23,869 | 23,009 | |
| 157.97 | M&G Charifund - Equities Investment |
38,486 | 44,184 | 35,925 | |
| Fund for Charities Accumulation |
|||||
| 973,00 | M&G Charifund - Income Shares |
13,355 | 16,159 | 13,856 | |
| 26,225.49 | Schroder UK Equity Fund Z Income | 16,459 | 20,243 | 18,387 | |
| 8,125.19 | SUTL Cazenove Charity Equity Value |
28,601 | 34,126 | 32,606 | |
| Fund A Income | |||||
| 4,161.34 | Threadneedle American Select Fund |
18,476 | 15,439 | 11,985 | |
| Retail Net Accumulation | |||||
| Funds disposal - further information | (12,314) | ||||
| pending | |||||
| f1438,975 | K1,171,127 | %982,274 |
| Page 7 | ||||||||
|---|---|---|---|---|---|---|---|---|
| Market value | Market value | Market value | ||||||
| COIF Shares | 786,618 | 723,709 601,061 |
||||||
| Other investments | 452 357 | 447 | 418 381213 |
|||||
| K1238975 | Kl 171 | 127 K982 274 |
||||||
| 5.3. INVESTMENTS - OTHER | 2020 | 2019 | 2018 | |||||
| COIF - Charity Deposit | Account | 339,486 | 331,460 | 322 597 | ||||
| K339,486 | f331460 | f322 597 | ||||||
| 5.4S~Y | 2020 | 2019 | 2018 | |||||
| Investment land 8r buildings |
3,165,000 | 3,165,000 | 3,165,000 | |||||
| Investments —shares and unit trusts |
1,238,975 | 1,171,127 | 982,274 | |||||
| Investments —other |
339,486 | 331460 | 322 597 | |||||
| K4 743 461 | K4 667,587 | f4 | 469871 | |||||
| 6. DEBTORS | ||||||||
| 2020 | 2019 | 2018 | ||||||
| Due within one year; | ||||||||
| Rent debtor | 31981 | 6,165 | 31,965 | |||||
| f31,981 | g6 165 | f31965 | ||||||
| 7. CREDITORS | ||||||||
| 2020 | 2019 | 2018 | ||||||
| VAT liability | 1,450 | 933 | 1,309 | |||||
| Trade creditors | 19,339 | 498 | 16,318 | |||||
| K20 789 | %1431 | f17627 | ||||||
| 8. FUNDS OF THE CHARITY | ||||||||
| 8.1 PERMANENT ENDOWMENT |
FUND | 2020 | 2019 | 2018 | ||||
| Legacy &om John Hornby on 13'"June 1730 | K1,105 | %1,105 | K1,105 | |||||
| 8.2.UNRESTRICTED FUNDS —CAPITAL | 2020 | 2019 | 2018 | |||||
| Funds brought forward |
2,558,280 | 2,369,427 | 2,413,359 | |||||
| Realised gains/(losses) | 1,839 | |||||||
| Unrealised gains/(losses) |
65 983 | 188,853 | 43,932 | |||||
| Funds carried forward | K2 626 102 | K2,558280 | K2,369427 | |||||
| 8.3UNRESTRICTED FUNDS —INCOME | 2020 | 2019 | 2018 | |||||
| Funds brought forward |
312,634 | 307,179 | 282,402 | |||||
| Net income/(deficiency) | for the year | 15840 | 5,455 | 24,777 | ||||
| Funds carried forward | K296 794 | f312634 | f307 179 | |||||
| 8.4 UNRESTRICTED FUNDS —REVALUATION | 2020 | 2019 | 2018 | |||||
| Revaluation reserve brought |
forward | 1,847,007 | 1,847,007 | |||||
| Investment land and buildings |
revaluation | 1,847 007 | ||||||
| Funds carried forward | KI 847 007 | K1,847,007 | g1,847,007 |
| 2020 | 2019 | 2018 | |
|---|---|---|---|
| These are as follows; | |||
| Newton Bluecoat | 52 000 | 35,000 | 25,000 |
| $52,000 | %35000 | /25,000 |