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|---|---|---|---|
|Trustees'
Report||||
|Independent
Examiner's||Report||
|Statement of Financial|Activities|||
|Balance Sheet||||
|Notes to the Financial|Statements|||
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||||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|
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||||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|
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||||||||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|
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||||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|
##
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|||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|