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|Report ofthe Trustees||||
|Report ofthe Independent||Examiner||
|Statement ofFinancial|Activities|||
|Balance Sheet||||
|Notes to the Financial|Statements||10|
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|for the year ended||31M|arch 2021|||||||
|---|---|---|---|---|---|---|---|---|---|
||||||General|Designated|Endowment|Total|Total|
||||||Fund|Fund|Fund|2021|2020|
|||||Note||||||
|INCOME AND ENDOWMENTS FROM:||||||||||
|Donations
and legacies|||||100|||100||
|Investments:||||||||||
|Investment
portfolio|||||74,242|||74,242|86,670|
|Total income and endowments|||||74,342|||74,342|86,670|
|EXPENDITURE ON:||||||||||
|Raising funds:||||||||||
|Investtnent
management||charges|||||5,291|5,291|5,554|
|Charitable
activities:||||||||||
|Costs in furtherance
ofcharitable|||activities||47,616|||47,616|59,305|
|Total expenditure|||||47,616||5,291|52,907|64,859|
|Net income/(expenditure)||before||||||||
|gains/(losses)
on investments|||||26,726||(5,291)|21,435|21,811|
|GAINS/(LOSSES):||||||||||
|On investment
portfolio:||||||||||
|Realised|||||||10,175|10,175|1,060|
|Unrealised|||||||449,384|449,384|(175,087)|
|Net income/(expenditure)||before transfers|||26,726||454,268|480,994|(152,216)|
|Net transfers
between|funds||||15,595|(15,595)||||
|Net income and net movement|||in funds||42,321|(15,595)|454,268|480,994|(152,216)|
|Total funds brought
forward|||||68,675|19,025|2,150,499|2,238,199|2,390,415|
|Total funds carried forward|||||110,996|3,430|2,604,767|2,719,193|2,238,199|
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|As at 31Mar|ch 2021||||||
|---|---|---|---|---|---|---|
|||||2021|2020||
||||Note||||
|Fixed Assets|||||||
|Investments||||2,607,571||2,153,229|
|Current
Assets|||||||
|Cash at bank|and in hand:||||||
|Current
accounts||||119,404|89,792||
|Petty cash|||||125||
|||||119,404|89,917||
|Creditors: Falling due within||one year|8|7,782|4,947||
|Net Current
Assets||||111,622||84,970|
|Net Assets||||2,719,193||2,238,199|
|Funds|||||||
|Unrestricted
funds|||||||
|General fund||||110,996||68,675|
|Designated
fund||||3,430||19,025|
|||||114,426||87,700|
|Restricted
funds|||||||
|Endowment|Fund|||2,604,767||2,150,499|
|Total Funds||||2,719,193||2,238,199|
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|r|the year ended 31Marc|the year ended 31Marc|h 2021|h 2021|h 2021||||||
|---|---|---|---|---|---|---|---|---|---|---|
|2|Income from Investments:||Investment
portfolio||||||2021|2020|
||Dividends
&interest receivable||from COIF Collective Investments:||||||||
||Charities
Fixed Interest||||||||3,670|3,670|
||Charities
Investment|Fund|||||||16,333|16,012|
||Global Equity Fund||||||||17,783|17,437|
||Charities
Property
Fund||||||||4,974|6,122|
||Dividends
&interest receivable||from other Collective Investments:||||||||
||Bond funds||||||||4,885|4,953|
||UK Equity Funds||||||||9,191|17,801|
||International
Equity Funds||||||||11,977|12,548|
||Multi-Asset
Funds||||||||1,193|2,478|
||Alternatives||||||||4,236|5,633|
||Interest on cash awaiting|investment||||||||16|
||||||||||74,242|86,670|
||Incoming
resources from investments|||held as part ofthe endowment||fund are unrestricted.|||||
|3|Costs in furtherance|ofcharitable|||activities||||||
||Funded
from the General|Fund|||||||2021|2020|
||Grants payable:||||||||||
||To institutions||||||||26,982|52,397|
||To individuals||||||||18,012|4,608|
||||||||||44,994|57,005|
||Other direct costs ofcharitable||activities:||||||||
||Website design and maintenance||costs||||||516|500|
||Other Promotional
Costs||||||||252||
||Governance
costs (Note 4)||||||||1,854|1,800|
||||||||||47,616|59,305|
||Grants payable
are analysed|as follows:|||||||||
||Grants to institutions
for|the purpose ofsocial welfare, recreation|||||||2021|2020|
||and other leisure time activities.||||||||||
||Institution||||Purpose ofGrant||||||
||Harborough
Conununity
Bus||||Replace disability||equipped
minibus||15,000||
||RFM Studios CIC||||Cost ofmusic equipment|||for music studios|4,000||
||Robert Smyth Academy||||Food, nutrition|and IT equipment|||2,832||
||Market Harborough
Sea Cadets||||Purchase of7 stand-up|||paddleboards|2,450||
||||||||||24,282|48,074|
||Others each f2,000 or less||||Various - 4 in total||(2020: 8)||2,700|7,018|
||||||||||26,982|55,092|
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|r|the year|ended 31|ended 31|Ma|rch 2021||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|3|Costs ia|furtherance||of|charitable|activities||(continued)|||2021|2020|
||Grants
to|individuals
for||the|purpose of:||||||||
||Coronavirus||pandemic
support||||31|Individuals|(2020:|1)|3,000|100|
||Relief ofpersons
in need, hardship
or distress||||||12|Individuals|(2020:|1)|8,741|200|
||Supporting||educational
and|sporting
needs|||8|Individuals|(2020:|8)|6,271|4,308|
||||||||||||18,012|4,608|
|4|Analysis||and allocation||ofsupports||costs||||||
||Governance||costs represent|the only support|||costs incurred
by the||charity|and are allocated||entirely to the Cost o|
||Charitable|Activities
on the||basis on time spent, They||||comprise the|following;||||
||||||||||||2021|2020|
||Fees payable||for Independent||Examination||||||1,854|1,800|
||||||||||||1,854|1,800|
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|Fixed Asset Investments||||
|---|---|---|---|
|Movements
in the listed investment|portfolio are as follows;|31-Mar-21|31-Mar-20|
|Market value at the beginning
ofthe|year|2,153,229|2,327,762|
|Acquisitions
at cost||235,976|40,688|
|Sales proceeds from disposals||(245,900)|(41,194)|
|Realised gains/(losses)
on disposals||10,175|1,060|
|Unrealised
gains/(losses)
on revaluation||449,384|(175,087)|
|||2,602,864|2,153,229|
|Cash at bank on deposit/awaiting
investment||4,707||
|Market value at the end ofthe year||2,607,571|2,153,229|
|Historical cost at the end ofthe year||2,239,864|2,285,237|
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|Movements
in|the fund balances are sum|marised
as follows:||||
|---|---|---|---|---|---|
|||General|Designated|Endowment||
|||Fund|Fund|Fund|Total Funds|
|As at 31March 2019||40,535|19,800|2,330,080|2,390,415|
|Income||86,670|||86,670|
|Expenditure||(59,305)||(5,554)|(64,859)|
|Gains/(losses)|on investments|||(174,027)|(174,027)|
|Transfers||775|(775)|||
|As at 31March 2020||68,675|19,025|2,150,499|2,238,199|
|||General|Designated|Endowment||
|||Fund|Fund|Fund|Total Funds|
|As at 31March 2020||68,675|19,025|2,150,499|2,238,199|
|Income||74,342|||74,342|
|Expenditure||(47,616)||(5,291)|(52,907)|
|Gains/(losses)|on investments|||459,559|459,559|
|Transfers||15,595|(15,595)|||
|As at 31March 2021||110,996|3,430|2,604,767|2,719,193|
||General|Designated|Endowment||
|---|---|---|---|---|
||Fund|Fund|Fund|Total|
|Invesiznents|||2,607,571|2,607,571|
|Cash at bank and in hand|115,974|3,430||119,404|
|Creditors|(6,406)||(1,376)|(7,782)|
|Loan Between Funds|1,428||(1,428)||
||110,996|3,430|2,604,767|2,719,193|
||General|Designated|Endowment||
|---|---|---|---|---|
||Fund|Fund|Fund|Total|
|Investments|||2,153,229|2,153,229|
|Cash at bank and in hand|70,892|19,025||89,917|
|Creditors|(3,601)||(1,346)|(4,947)|
|Loan Between Funds|1,384||(1,384)||
||68,675|19,025|2,150,499|2,238,199|