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|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|
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|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|
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|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|
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