| Page | |||
|---|---|---|---|
| Trustees' Report |
|||
| Independent Examiner's |
Report | ||
| Statement of Financial | Activities | ||
| Balance Sheet | |||
| Notes to the Financial | Statements |
| Restricted | Permanent | |||||
|---|---|---|---|---|---|---|
| Income | Endowment | 2020 | 2019 | |||
| Fund | Fund | Total | Total | |||
| Note | ||||||
| Incoming Resources |
||||||
| Investment income |
2 | 38,867 | 38,867 | 47,247 | ||
| Bank interest (gross) | 21 | 21 | 107 | |||
| Profit/(Loss) on sale |
||||||
| or revaluation of investments |
(40,261) | (40,261) | 111,813 | |||
| Total Incoming Resources |
38,888 | (40,261) | (1,373) | 159,167 | ||
| Charitable expenditure |
||||||
| Management and administration |
4 | 1,860 | 12,195 | 14,055 | 14,511 | |
| Charitable distnbutions |
3 | 24,000 | 24,000 | 44,000 | ||
| Total Resources Expended | 25,860 | 12,195 | 38,055 | 58,511 | ||
| Net Incoming/(Outgoing) | Resources | 13,028 | (52,456) | (39,428) | 100,656 | |
| Fund balances brought |
forward | 24,012 | 1,242,405 | 1,266,417 | 1,165,761 | |
| Fund balances carried | forward | 37,040 | 1,189,949 | 1,226,989 | 1,266,417 |
| Restricted | Permanent | |||||
|---|---|---|---|---|---|---|
| Income | Endowment | 2020 | 2019 | |||
| Fund | Fund | Total | Total | |||
| Note | ||||||
| Fixed assets | ||||||
| Investments | at Market Value | 1,163,317 | 1,163,317 | 1,197,400 | ||
| Current assets | ||||||
| Investec Dealing Account | 6,845 | 27,112 | 33,957 | 51,131 | ||
| Cash at Bank | 30,755 | 30,755 | 18,343 | |||
| Debtors | 6 | 1,300 | 1,300 | 1,823 | ||
| 38,900 | 27,112 | 66,012 | 71,297 | |||
| Creditors | ||||||
| Rushtons | (1,860) | (480) | (2,340) | (2,280) | ||
| Net current assets | 37,040 | 26,632 | 63,672 | 69,017 | ||
| Net assets | 37,040 | 1,189,949 | 1,226,989 | 1,266,417 | ||
| Funds | 37,040 | 1,189,949 | 1,226,989 | 1,266,417 |
| 2020 | 2019 | |||||||
|---|---|---|---|---|---|---|---|---|
| 2 INVESTMENT INCOME |
||||||||
| Fixed Interest Stocks | 1,749 | 2,541 | ||||||
| Indexed Linked Stocks |
931 | 909 | ||||||
| Ordinary Shares |
20,151 | 25,791 | ||||||
| Unit Trusts | 16,036 | 18,006 | ||||||
| 38,867 | 47,247 | |||||||
| 3 DISTRIBUTIONS |
||||||||
| St Mary's & St Michael's | Church, | Bonds | 2,400 | 4,400 | ||||
| St Helen's Church, Churchtown |
2,400 | 4,400 | ||||||
| United Reformed Church, |
Garstang | 2,400 | 4,400 | |||||
| Guide Dogs for the Blind | 2,400 | 4,400 | ||||||
| RSPCA | 2,400 | 4,400 | ||||||
| St Peter's Church, Scorton |
2,400 | 4,400 | ||||||
| RNLI | 2,400 | 4,400 | ||||||
| RSPB | 2,400 | 4,400 | ||||||
| Chnst Church, Over Wyresdale |
2,400 | 4,400 | ||||||
| Leonard Cheshire Disability |
2,400 | 4,400 | ||||||
| 24,000 | 44,000 | |||||||
| 4 MANAGEMENT AND ADMINISTRATION |
EXPENSES | |||||||
| Income Fund Expenses: | ||||||||
| Rushtons —Accountancy | &Taxation | Charges | 8 | |||||
| Independent | Examination | Fee | 1,860 | 1,800 | ||||
| Capital Fund Expenses: | ||||||||
| Rushtons | 1,200 | 480 | ||||||
| Investec Wealth & Investment |
Management | Charge | 10,995 | 11,631 | ||||
| Linder Myers —Legal Charges | 600 | |||||||
| 12,195 | 12,711 | |||||||
| TOTAL EXPENDITURE | 14,055 | 14,511 |
| At 1 January | 2020 | Additions | Disposals | At 31 December 2020 | At 31 December 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No of | No Of | No of | Net Gain/ | No of | Dividend | ||||||||
| Shares/ | Market | Sharesi | Sharesi | (Loss) on | Sharesi | Market | Interest/ | ||||||
| Units | Cost | Value | Units | Cost | Units | Proceeds | Revaluation | Units | Cost | Value | PID's | ||
| Fixed interest Stocks | |||||||||||||
| Barclays | Bank 6 3%FTSEincome | ||||||||||||
| Aulocall | 2026 | 17,800 | 17,662 | 13 | 17,800 | 17,662 | 17,675 | 561 | |||||
| HSBC Bank 5.8%FTSE Income | |||||||||||||
| Aulocall | 2025 | 15,200 | 14,876 | 16,020 | (805) | 15,200 | 14,876 | 15,215 | 882 | ||||
| Treasury | 4.75% Gilt Stock 2020 | 35,000 | 35,603 | 35,035 | 35,000 | 35,000 | (35] | 306 | |||||
| 50,479 | 51,055 | 17,662 | 35,000 | (827) | 32,538 | 32,890 | 1,749 | ||||||
| Index Linked Stocks | |||||||||||||
| National | Grid 1.25% Index Linked | ||||||||||||
| Stock 2022 | 25,000 | 25,792 | 31,700 | (50) | 25,000 | 25,792 | 31,650 | 395 | |||||
| Treasury | 1 875% Index Linked | ||||||||||||
| Stock 2022 | 20,000 | 29,490 | 31,700 | (340} | 20,000 | 29,490 | 31,360 | 536 | |||||
| 55,282 | 63,400 | (390) | 55,282 | 63,010 | 931 |
| THE | A BGRACE TRUST | A BGRACE TRUST | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 5. INVESTMENTS AND INCOME (continued) |
NOTES TO THE | ACCOUNTS | FOR THE | YEAR ENDED 31 DECEMBER 2020 | |||||||
| Ordinary Shares |
No of Sharesf Units |
Cost Market Value E At 1 January 2019 |
No of Shares/ Units Additions Cost |
No of Sharesl Units |
Proceeds 6 |
Disposals Profitl (Loss) on Disposal 6 |
No of Sharesl Units |
Cost F At 31 |
Market Value 6 Income December 2019 |
||
| Aberforth Smaller Companies Barclays Bank BBHealthcare Trust British American Tobacco BHP Billiton BlackRock American BP BurBerry Group Civitas Social Housing Compass Group Diageo Expenan Group GlaxoSmithKilne Hipgnosis Songs Fund HSBC Holdings International Public Partnership Imperial Brands Land Secunties Group MBG Group Polar Capital Global Financials Prudential Relx Rio Tinto Royal Dutch Shell 'B' Schroders Voting Ordinary shares SDCL Energy efficiency Smith 8 Nephew Standard Life Aberdeen Standard Chartered Target Healthcare REIT Urban 8 Civic UK Commercial Property Trust Unilever Vodafone Group |
1,770 5,100 225 755 30,800 3,785 19,090 890 870 2,470 37,'I25 270 1,133 1,135 13,200 1,'l35 535 460 1,536 1,407 1,427 34,950 4,359 32,689 430 6,185 23,700 |
19,046 10,964 27,240 9,164 11,274 14,006 34,609 17,024 7,385 13,427 59,444 17,853 19,125 17,486 8,519 14,657 22,726 15,640 17,555 47,962 10,007 6,784 2,083 13,565 13,053 10,089 13,918 33,396 14,619 61,998 5,046 11,347 2,691 19,404 16,429 10,192 20,712 34,401 7,091 18,554 35,335 9,843 24,062 12,000 12,511 4,620 10,167 40,437 15,103 28,995 18,708 9,345 23,735 25,477 |
9,475 500 675 415 375 425 20,000 |
13,111 6,777 9,119 11,475 9,601 7,043 23,506 |
5,100 1,133 1,135 1,536 1,407 1,427 3,785 |
5,212 6,211 1,464 14,725 3,000 6,068 11,263 |
(5,222) (3,952) 3,726 (1,172) 1,117 (7,793) (6,590) 2,192 2,539 98 494 2,016 (3,798) 1,254 (5,278) 1,151 (899) (5,136) (1,227) (792) (1,121) (601) 4,468 (19,676) 2,939 (190) (625) (1,620) (4,099) (664) (95) (6,407) 205 (1,622) |
9,475 225 755 30,800 500 19,090 675 415 890 870 20,000 2,470 37,125 270 13,200 1,135 535 460 375 23,700 425 34,950 4,359 32,689 430 6,185 1,770 |
13,111 11,274 14,006 34,609 6,777 19,125 9,119 11,475 8,519 14,657 23,506 17,555 47,962 10,007 13,565 13,053 10,089 13,918 9,601 23,735 7,043 35,335 9,843 24,062 12,000 12,511 19,046 |
16,837 6,213 14,544 51,651 8,969 20,025 9,217 11,969 24,742 11,842 24,760 9,341 63,149 4,147 18,612 15,308 9,591 25,180 12,540 25,287 6,418 39,773 15,008 22,588 18,913 7,723 22,018 |
644 237 469 693 2,464 624 1,021 176 331 696 2,699 437 131 179 581 284 244 1,367 940 131 1,244 47 201 2,338 100 752 625 487 |
| 460,767 540,056 |
80,632 | 47,943 | (56,380) | 445,503 | 516,365 | 20,151 |
| NO | TES | TO THE | ACCOUNTS | FORTHE | YEAREN | ED31DE | EMBER2020 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5. INVESTMENTS AND INCOME (continued) |
|||||||||||||
| Unit Trusts | No of Shares/ Units |
At 1 January 2019 Market Cost Value 9 6 |
Additions No of Shares/ Units Cost 6 |
No of Sharesl Units |
Proceeds | Disposals Profit/ (Loss) on Disposal 8 |
No of Sharesl Units |
At 31 Cost 8 |
December 2019 Market Value 6 Income 6 |
||||
| Aberdeen Standard AS I European |
|||||||||||||
| Equity Fund Aberdeen Standard AS I Global |
34,450 | 28,379 | 32,934 | 1,681 | 34,450 | 28,379 | 34,615 | 1,069 | |||||
| Index Linked Bond Fund Axa Framkngton UK Mid Cap Fund Axa US Short Duration High Yield |
53,595 23,700 |
30,110 25,096 |
31,031 42,399 |
2,358 (1,090) |
53,595 23,700 |
30,110 25,096 |
33,389 41,309 |
382 363 |
|||||
| Bond Fund BlackRock Continental European |
17,080 | 17,427 | 15,986 | (256) | 17,080 | 17,427 | 15,730 | 688 | |||||
| Fund Fidelity Strategic Bond Fund W Franklin Templeton UK Mid Cap Invesco Perpetual European Equity |
17,830 12,115 |
22,624 15,219 |
28,724 15,434 |
13,225 | 11,395 | 12,115 | 15,945 | 2,817 511 2,874 |
17,830 13,225 |
22,624 11,395 |
31,541 14,269 |
789 324 |
|
| Fund Jupiter Japan Income Fund JP Morgan Emerging Markets |
5,995 15,820 |
23,393 10,515 |
20,964 16,421 |
15,820 | 16,283 | 36 (138) |
5,995 | 23,393 | 21,000 | 597 172 |
|||
| Income Fund JP Morgan US Equity income Fund JP Morgan US Equity Income Fund |
44,555 10,630 |
25,406 24,928 |
28,737 37,853 |
10,630 | 24,928 | 2,593 (12,925) |
44,555 | 25,406 | 31,330 | 855 437 |
|||
| K Shares Jupiter Strategic Bond Fund Link Morant Wright Fuji Yield Fund M & G Corporate Bond Fund Oaktree Global High Yield Bond |
46,792 1,720 80,141 |
30,932 18,365 22,978 |
30,789 18,256 33,980 |
30,672 680 |
24,928 6,468 |
11,798 889 (1,627) 881 |
30,672 46,792 2,400 80,141 |
24,928 30,932 24,833 22,978 |
36,726 31,678 23,097 34,861 |
429 993 583 1,041 |
|||
| Fund Royal London Sterling Credit Fund Schroder Asian income Fund Sequoia Economic Infrastructure |
300 28,536 59,422 |
30,008 36,839 28,405 |
28,989 40,635 41,476 |
(615) 1,570 3,863 |
300 28,536 59,422 |
30,008 36,839 28,405 |
28,374 42,205 45,339 |
1,272 1,458 1,590 |
|||||
| Fund Vanguard S&P 500 Fund |
34,773 815 |
34,226 20,818 |
40,510 37,771 |
4,636 | 5,192 | (2,353) 4,469 |
39,409 815 |
39,418 20,818 |
43,349 42,240 |
2,391 603 |
|||
| 445,668 | 542,889 | 47,983 | 57,156 | 17,336 | 442,989 | 551,052 | 16,036 | ||||||
| 1,012,196 | 1,197,400 | 146,277 | 140,099 | (40,261) | 976,312 | 1,163,317 | 38,867 |