**REGISTERED CHARITY NUMBER: 511025**
## **Trustees' Report and**
**Unaudited Financial Statements for the Year Ended 31 March 2021**
**for**
**The Society of Yorkshire Brethren**
Simon Hart FCCA Hart Wright Accounting Chartered Certified Accountants 24 Hall Drive Sutton In Craven Keighley North Yorkshire BD20 7NH
**The Society of Yorkshire Brethren**
**Contents of the Financial Statements for the year ended 31 March 2021**
|**Page**||
|---|---|
|**Trustees' Report**|1 to 3|
|**Independent Examiner's Report**|4|
|**Statement of Financial Activities**|5|
|**Statement of Financial Position**|6|
|**Notes to the Financial Statements**|7 to 12|
|**Detailed Statement of Financial Activities**|13 to 14|
**The Society of Yorkshire Brethren**
## **Trustees' Report for the year ended 31 March 2021**
The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES Objectives and aims**
When planning our activities for the year, the trustees have considered the Charity Commissioner's guidance on public benefit. The object of the society is the assistance of such of its members who through sickness, infirmity or old age are unable to support themselves and who are in serious necessitous circumstances. In particular, but without in any way limiting the generality of the foregoing, the society may assist such persons in any of the following ways:
(i) by making specific lump sum payment;
(ii) by making monthly or other periodical allowances;
(iii) by making grants or loans (with or without interest) of such amounts and subject to such conditions as the trustees shall from time to time determine;
(iv) by making grants or allowances for the purpose of medical or dental treatment and care; (v) by paying subscriptions or making donations to hospitals, homes or institutions having amongst their objects the care and treatment of such persons.
## **Grantmaking**
Grants payable are accounted for when the trustees have accepted an obligation to make a grant, in accordance with the objects of the society. This is usually when they are approved by trustees and communicated to recipient.
## **ACHIEVEMENT AND PERFORMANCE**
## **REVIEW OF DEVELOPMENTS, ACTIVITIES AND ACHIEVEMENTS**
The trustees are pleased to present the accounts for the year. As at the balance sheet date the charitable fund was valued at £2,301,698 (2020 - £1,832,162), representing a net increase of £469,536 on the previous year.
Investment income at £45,916 (2020 - £67,985) was more than in the previous year.
The council made grants of £78,100 (2020 - £85,600) in the year, this represented a decrease of £7,500 compared to the previous financial year.
The trustees hold a letter from HM Revenue & Customs dated 10 March 2000 which states "'I am now able to confirm that the grants made by the Yorkshire Brethren fund are non-taxable".
The trustees pay grants in December of each year.
The trustees are satisfied that the society's assets are available and adequate to fulfil its obligations
## **FINANCIAL REVIEW**
## **Investment policy and objectives**
The long term objectives of the trustees are:
a) To maintain the long-term purchasing power of the capital against inflation whilst achieving a balance between capital growth and the generation of income for the charity.
b) To review the long-term performance of the investment managers on a three year rolling basis
Page 1
## **Reserves policy**
The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets ('the free reserves') held by the charity should be between 3 and 6 months of the unrestricted resources expended, which equates to £20,389 to £40,778 in general funds. The free reserves held as at 31 March 2021 were £85,292. At this level, the trustees feel that they would be able to continue the current activities of the charity in the event of a significant drop in funding.
Page 1
**The Society of Yorkshire Brethren**
## **Trustees' Report for the year ended 31 March 2021**
## **FINANCIAL REVIEW Going concern**
The trustees have reasonable expectation that the charity has adequate resources to continue in existence for the foreseeable future. They continue to believe the going concern basis of accounting is appropriate in preparing the financial statements
## **STRUCTURE, GOVERNANCE AND MANAGEMENT CONSTITUTION**
The society was constituted under rules originally approved on 27 November 1667. The current rules of the Society were approved on 9 June 2015
## **METHOD OF ELECTION OF TRUSTEES**
Trustees are appointed by the council
## **INVESTMENT POWERS**
The council may invest as if they were beneficially entitled
## **ETHICAL RESTRICTIONS**
a) No investments in armaments
b) The investments to reflect the teaching of the Catholic Church in moral matters
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
511025
## **Principal address**
St Anne's Presbytery North Street keighley BD21 3AD
## **Trustees**
Rev Canon D Grant Rev Canon P Hartnett Chairman Rev Canon M McCreadie Treasurer Rev Canon T Wiley Secretary Rev Fr T Elliot Rev Fr A Wilson Rev J Taylor
## **Independent Examiner**
Simon Hart FCCA Hart Wright Accounting Chartered Certified Accountants 24 Hall Drive Sutton In Craven Keighley North Yorkshire BD20 7NH
## **Bankers**
Yorkshire Bank 94 Albion St Leeds LS1 6AG
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
Page 2
........................................................................ Rev Canon M McCreadie - Trustee
Page 2
**The Society of Yorkshire Brethren**
## **Trustees' Report for the year ended 31 March 2021**
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently
- observe the methods and principles in the Charities SORP
- make judgments and estimates that are reasonable and prudent
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements, and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions
Page 3
## **Independent Examiner's Report to the Trustees of The Society of Yorkshire Brethren**
## **Independent examiner's report to the trustees of The Society of Yorkshire Brethren**
I report to the charity trustees on my examination of the accounts of The Society of Yorkshire Brethren (the Trust) for the year ended 31 March 2021.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Simon Hart FCCA Hart Wright Accounting Chartered Certified Accountants 24 Hall Drive Sutton In Craven Keighley North Yorkshire BD20 7NH
Date: .............................................
Page 4
**The Society of Yorkshire Brethren**
## **Statement of Financial Activities**
## **for the year ended 31 March 2021**
|**Total**
**EXPENDITURE ON**
**Raising funds**
**Charitable activities**
Grants
Governance costs|**Total**
**EXPENDITURE ON**
**Raising funds**
**Charitable activities**
Grants
Governance costs|**Total**
**EXPENDITURE ON**
**Raising funds**
**Charitable activities**
Grants
Governance costs|
|---|---|---|
|**Total**
Netgains/(losses)on investments|||
|**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**|||
||**TOTAL FUNDS CARRIED FORWARD**||
The notes form part of these financial statements
Page 5
**The Society of Yorkshire Brethren**
## **Statement of Financial Position**
## **31 March 2021**
|2021
2020
Unrestricted
Restricted
Total
Total
fund
fund
funds
funds
Notes
£
£
£
£
**CURRENT ASSETS**
Debtors
Investments
Cash at bank
93,553
2,216,407
2,309,960
1,839,382
**CREDITORS**
Amounts falling due within one year
12
(8,261)
-
(8,261)
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
85,292
2,216,407
2,301,699
**NET ASSETS**
85,292
2,216,407
2,301,699
**FUNDS**
13
Unrestricted funds
85,292
Restricted funds:
Restricted Fund
**TOTAL FUNDS**|2021
2020
Unrestricted
Restricted
Total
Total
fund
fund
funds
funds
Notes
£
£
£
£
**CURRENT ASSETS**
Debtors
Investments
Cash at bank
93,553
2,216,407
2,309,960
1,839,382
**CREDITORS**
Amounts falling due within one year
12
(8,261)
-
(8,261)
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
85,292
2,216,407
2,301,699
**NET ASSETS**
85,292
2,216,407
2,301,699
**FUNDS**
13
Unrestricted funds
85,292
Restricted funds:
Restricted Fund
**TOTAL FUNDS**|2021
2020
Unrestricted
Restricted
Total
Total
fund
fund
funds
funds
Notes
£
£
£
£
**CURRENT ASSETS**
Debtors
Investments
Cash at bank
93,553
2,216,407
2,309,960
1,839,382
**CREDITORS**
Amounts falling due within one year
12
(8,261)
-
(8,261)
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
85,292
2,216,407
2,301,699
**NET ASSETS**
85,292
2,216,407
2,301,699
**FUNDS**
13
Unrestricted funds
85,292
Restricted funds:
Restricted Fund
**TOTAL FUNDS**|2021
2020
Unrestricted
Restricted
Total
Total
fund
fund
funds
funds
Notes
£
£
£
£
**CURRENT ASSETS**
Debtors
Investments
Cash at bank
93,553
2,216,407
2,309,960
1,839,382
**CREDITORS**
Amounts falling due within one year
12
(8,261)
-
(8,261)
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
85,292
2,216,407
2,301,699
**NET ASSETS**
85,292
2,216,407
2,301,699
**FUNDS**
13
Unrestricted funds
85,292
Restricted funds:
Restricted Fund
**TOTAL FUNDS**|2021
2020
Unrestricted
Restricted
Total
Total
fund
fund
funds
funds
Notes
£
£
£
£
**CURRENT ASSETS**
Debtors
Investments
Cash at bank
93,553
2,216,407
2,309,960
1,839,382
**CREDITORS**
Amounts falling due within one year
12
(8,261)
-
(8,261)
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
85,292
2,216,407
2,301,699
**NET ASSETS**
85,292
2,216,407
2,301,699
**FUNDS**
13
Unrestricted funds
85,292
Restricted funds:
Restricted Fund
**TOTAL FUNDS**|2021
2020
Unrestricted
Restricted
Total
Total
fund
fund
funds
funds
Notes
£
£
£
£
**CURRENT ASSETS**
Debtors
Investments
Cash at bank
93,553
2,216,407
2,309,960
1,839,382
**CREDITORS**
Amounts falling due within one year
12
(8,261)
-
(8,261)
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
85,292
2,216,407
2,301,699
**NET ASSETS**
85,292
2,216,407
2,301,699
**FUNDS**
13
Unrestricted funds
85,292
Restricted funds:
Restricted Fund
**TOTAL FUNDS**|2021
2020
Unrestricted
Restricted
Total
Total
fund
fund
funds
funds
Notes
£
£
£
£
**CURRENT ASSETS**
Debtors
Investments
Cash at bank
93,553
2,216,407
2,309,960
1,839,382
**CREDITORS**
Amounts falling due within one year
12
(8,261)
-
(8,261)
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
85,292
2,216,407
2,301,699
**NET ASSETS**
85,292
2,216,407
2,301,699
**FUNDS**
13
Unrestricted funds
85,292
Restricted funds:
Restricted Fund
**TOTAL FUNDS**|2021
2020
Unrestricted
Restricted
Total
Total
fund
fund
funds
funds
Notes
£
£
£
£
**CURRENT ASSETS**
Debtors
Investments
Cash at bank
93,553
2,216,407
2,309,960
1,839,382
**CREDITORS**
Amounts falling due within one year
12
(8,261)
-
(8,261)
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
85,292
2,216,407
2,301,699
**NET ASSETS**
85,292
2,216,407
2,301,699
**FUNDS**
13
Unrestricted funds
85,292
Restricted funds:
Restricted Fund
**TOTAL FUNDS**|
|---|---|---|---|---|---|---|---|
||||||2,309,960
(8,261)|||
||**NET CURRENT ASSETS**|||||||
||85,292
85,292
13||2,216,407
2,301,699
2,216,407
2,301,699
85,292
Restricted Fund
**TOTAL FUNDS**|||||
|**NET ASSETS**||||||||
|**FUNDS**
Unrestricted funds
Restricted funds:||||||||
|||||**TOTAL FUNDS**||||
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Trustee
The notes form part of these financial statements
Page 6
**The Society of Yorkshire Brethren**
## **Notes to the Financial Statements**
## **for the year ended 31 March 2021**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to thc extent required to provide a 'true and fair view'. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The
## **Income**
All income is recognised in the Statement of Financial Activities when the conditions for receipt have been met, where there is entitlement, probable assurance of receipt and the monetary value of incomeing resources can be measured with sufficient reliability.
## **Expenditure**
Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Governance costs**
Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice.
## **Taxation**
As a registered charity the entity benefits from rate relief and is generally exempt from Income Tax and Capital Gains Tax but not from VAT. Irrecoverable VAT is included in the cost of these items to which it relates.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Financial instruments**
continued...
Page 7
The charity only has the basic financial assets and liabilities of a kind that qualify as basic financial instruments. These are recognised at transaction value and subsequently at settlement value.
continued...
Page 7
**The Society of Yorkshire Brethren**
|**Notes**|**to the Financial Statements- continued**|||||||
|---|---|---|---|---|---|---|---|
||**for the year ended 31**|**March**|**2021**|||||
|**2.**|**DONATIONS AND LEGACIES**|||||||
||||||2021||2020|
|||||||£|£|
||||||||Donations|
||||||||Legacies|
|||||||600|500|
|**3.**|**INVESTMENT INCOME**|||||||
||||||2021||2020|
|||||||£|£|
||||||||Dividends receiva|
|**4.**|**RAISING DONATIONS AND LEGACIES**|||||||
||||||2021||2020|
|||||||£|£|
||||||||Brewer Dolphin fe|
|**5.**|**CHARITABLE ACTIVITIES COSTS**|||||||
||||Grant|||||
|||funding of||||||
||||activities||Support|||
|||(see||note|costs (see|||
||||6)||note 7)||Totals|
||||£|||£|£|
|||||||Grants||
|||||||Governance costs||
|||||78,100||3,457|81,557|
|**6.**|**GRANTS PAYABLE**|||||||
||||||2021||2020|
|||||||£|£|
||||||||Grants|
|**7.**|**SUPPORT COSTS**|||||||
||||||Governance|||
|||Management||||||
||||||costs|Totals||
||||£|||£|£|
|||||||Grants||
|||||||Governance costs||
||||937|||2,520|3,457|
continued...
Page 8
**The Society of Yorkshire Brethren**
## **Notes to the Financial Statements - continued for the year ended 31 March 2021**
## **8. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2020 nor for the year ended 31 March 2019
## **Trustees' expenses**
|2021|2020|
|---|---|
|£|£|
## **9. STAFF COSTS**
There were no staff costs for the year ended 31 March 2021 nor for the year ended 31 March 2020
The average monthly number of employees during the year was as follows:
|||2021|2020|
|---|---|---|---|
||Trustees|7|7|
||No employees received emoluments in excess of £60,000.|||
|**10.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|||2021|2020|
|||£|£|
||Other debtors|2,401|4,074|
continued...
Page 9
**The Society of Yorkshire Brethren**
## **Notes to the Financial Statements - continued for the year ended 31 March 2021**
|**11.**|**CURRENT ASSET INVESTMENTS**||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||Value|||Value||Income||Incom|
||||2021|||2020||2021||202|
||||£|||£||£||£|
||UK quoted investments|2,244,442|||1,754,856|||45,916||67,9|
||UK Portfolio cash||35,158|||47,824||0|||
|||2,279,600|1,802,680|||45,916||67,985|||
||MOVEMENT IN FAIR VALUE|||||||2021||202|
|||||||£||£|||
||Market value at 1 April 2020|||||||1,754,856||2,102,2|
||Acquisitions at cost|||||||262,173||619,0|
||Disposals at opening book value|||||||(255,181)||(675,0|
||Net gains (losses) on revaluations in the year||||||||||
|||||||||482,594||(291,3|
||Market value at 31 March 2021|||||||2,244,442||1,754,8|
||Cash awaiting investment|||||||35,158||47,8|
||Fair value at 31 March 2021|||||||2,279,600||1,802,6|
||Historical cost as at 31 March 2021|||||||1,690,536||1,728,3|
||Investments are valued at fair value at each|year end.|All investments are held within||||||||
||restricted funds.||||||||||
|**12.**|**CREDITORS: AMOUNTS FALLING**|**DUE WITHIN**||**ONE YEAR**|||||||
||||||2021|||2020|||
|||||||£||£|||
|||||||||Trade|creditors||
|||||||||Other|creditors||
|||||||8,261||7,220|||
|**13.**|**MOVEMENT IN FUNDS**||||||||||
||||||Net||||||
||||||movement|||At|||
|||At 1.4.20|||in funds|||31.3.21|||
||||£|||£||£|||
||**Unrestricted funds**||||||||||
||General fund|||118,633|||(33,341)||85,292||
||**Restricted funds**||||||||||
||Restricted Fund||1,713,529||||502,878
2,216,407||||
continued...
Page 10
TOTAL FUNDS
Page 10
continued...
48
## **The Society of Yorkshire Brethren**
## **Notes to the Financial Statements - continued for the year ended 31 March 2021**
## **13. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
||Incoming|Resources|Resources|Gains and|Gains and|Movement|Movement|
|---|---|---|---|---|---|---|---|
||resources|expended||losses||in funds||
||£|£||£||£||
|**Unrestricted funds**||||||||
|General fund||48,216|(81,557)|||-|(33,341)|
|**Restricted funds**||||||||
|Restricted Fund||-|(14,629)||517,507||502,878|
## **TOTAL FUNDS**
The restricted fund is represented by the Investment portfolio held by Brewin Dolphin.
## **14. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2021.
continued...
Page 11
**The Society of Yorkshire Brethren**
|**Detailed Statement of Financial Activities**
**for the year ended 31**
**March**
**2021**
2021
2020
Unrestricted
Restricted
Total
Total
funds
funds
funds
funds
£
£
£
£
**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Legacies
600
-
600
500
**Investment income**
Dividends receivable
45,916
-
45,916
67,985
**Other income**
Mass Ofering
Other Income
1,700
-
1,700
2,357
**Total incoming resources**
48,216
-
48,216
70,842
**EXPENDITURE**
**Raising donations and legacies**
Brewer Dolphin fees
-
14,629
14,629
14,723
**Charitable activities**
Grants to individuals
78,100
-
78,100
85,600
**Support costs**
**Management**
Trustees' expenses
Postage and stationery
937
-
937
2,288
**Governance costs**
Accountancy and legal fees
Trustees' meetings and AGM
2,520
-
2,520
5,942
Total resources expended
81,557
14,629
96,186
108,553
**Net (expenditure)/income before gains and**
**losses**
(33,341)
(14,629)
(47,970)
(37,711)
**Realised recognised gains and losses**
Realised gains/(losses) on fxed asset investments
-
34,913
34,913
(18,320)
Unrealised gains/(losses) on fxed asset
-
482,594
482,594
(291,352)|**Detailed Statement of Financial Activities**
**for the year ended 31**
**March**
**2021**
2021
2020
Unrestricted
Restricted
Total
Total
funds
funds
funds
funds
£
£
£
£
**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Legacies
600
-
600
500
**Investment income**
Dividends receivable
45,916
-
45,916
67,985
**Other income**
Mass Ofering
Other Income
1,700
-
1,700
2,357
**Total incoming resources**
48,216
-
48,216
70,842
**EXPENDITURE**
**Raising donations and legacies**
Brewer Dolphin fees
-
14,629
14,629
14,723
**Charitable activities**
Grants to individuals
78,100
-
78,100
85,600
**Support costs**
**Management**
Trustees' expenses
Postage and stationery
937
-
937
2,288
**Governance costs**
Accountancy and legal fees
Trustees' meetings and AGM
2,520
-
2,520
5,942
Total resources expended
81,557
14,629
96,186
108,553
**Net (expenditure)/income before gains and**
**losses**
(33,341)
(14,629)
(47,970)
(37,711)
**Realised recognised gains and losses**
Realised gains/(losses) on fxed asset investments
-
34,913
34,913
(18,320)
Unrealised gains/(losses) on fxed asset
-
482,594
482,594
(291,352)|**Detailed Statement of Financial Activities**
**for the year ended 31**
**March**
**2021**
2021
2020
Unrestricted
Restricted
Total
Total
funds
funds
funds
funds
£
£
£
£
**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Legacies
600
-
600
500
**Investment income**
Dividends receivable
45,916
-
45,916
67,985
**Other income**
Mass Ofering
Other Income
1,700
-
1,700
2,357
**Total incoming resources**
48,216
-
48,216
70,842
**EXPENDITURE**
**Raising donations and legacies**
Brewer Dolphin fees
-
14,629
14,629
14,723
**Charitable activities**
Grants to individuals
78,100
-
78,100
85,600
**Support costs**
**Management**
Trustees' expenses
Postage and stationery
937
-
937
2,288
**Governance costs**
Accountancy and legal fees
Trustees' meetings and AGM
2,520
-
2,520
5,942
Total resources expended
81,557
14,629
96,186
108,553
**Net (expenditure)/income before gains and**
**losses**
(33,341)
(14,629)
(47,970)
(37,711)
**Realised recognised gains and losses**
Realised gains/(losses) on fxed asset investments
-
34,913
34,913
(18,320)
Unrealised gains/(losses) on fxed asset
-
482,594
482,594
(291,352)|**Detailed Statement of Financial Activities**
**for the year ended 31**
**March**
**2021**
2021
2020
Unrestricted
Restricted
Total
Total
funds
funds
funds
funds
£
£
£
£
**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Legacies
600
-
600
500
**Investment income**
Dividends receivable
45,916
-
45,916
67,985
**Other income**
Mass Ofering
Other Income
1,700
-
1,700
2,357
**Total incoming resources**
48,216
-
48,216
70,842
**EXPENDITURE**
**Raising donations and legacies**
Brewer Dolphin fees
-
14,629
14,629
14,723
**Charitable activities**
Grants to individuals
78,100
-
78,100
85,600
**Support costs**
**Management**
Trustees' expenses
Postage and stationery
937
-
937
2,288
**Governance costs**
Accountancy and legal fees
Trustees' meetings and AGM
2,520
-
2,520
5,942
Total resources expended
81,557
14,629
96,186
108,553
**Net (expenditure)/income before gains and**
**losses**
(33,341)
(14,629)
(47,970)
(37,711)
**Realised recognised gains and losses**
Realised gains/(losses) on fxed asset investments
-
34,913
34,913
(18,320)
Unrealised gains/(losses) on fxed asset
-
482,594
482,594
(291,352)|
|---|---|---|---|
||600
-
600
500
45,916
-
45,916
67,985
Mass Ofering
Other Income|||
||1,700
-
1,700
2,357
48,216
-
48,216
70,842
-
14,629
14,629
14,723
78,100
-
78,100
85,600
Trustees' expenses
Postage and stationery|||
||937
-
937
2,288
Accountancy and legal fees
Trustees' meetings and AGM|||
|||2,520
-
81,557
(33,341)
-
-|2,520
5,942
14,629
96,186
108,553
(14,629)
(47,970)
(37,711)
34,913
34,913
(18,320)
482,594
482,594
(291,352)|
|**Net (expenditure)/income before gains and**
**losses**
**Realised recognised gains and losses**
Realised gains/(losses) on fxed asset investments
Unrealised gains/(losses) on fxed asset||||
This page does not form part of the statutory financial statements
Page 12
investments
## **Net expenditure**
This page does not form part of the statutory financial statements
Page 12