| CONTENTS | |
|---|---|
| Page | |
| Report ofthe Board ofTrustees | 1-4 |
| Independent Examiner's Report |
|
| Statement of Financial Activities | |
| Balance Sheet | |
| Notes to the Financial Statements | 8-11 |
| Unrestricted | Unrestricted | ||||||
|---|---|---|---|---|---|---|---|
| funds | funds | ||||||
| 2020 | 2019 | ||||||
| Note | E | E | |||||
| Income from: | |||||||
| Investments | 35,336 | 37,291 | |||||
| Donations | 4,305 | 3,805 | |||||
| Bank interest received | 120 | 149 | |||||
| 39,761 | 41,245 | ||||||
| Expenditure | on: | ||||||
| Costs ofraising funds | |||||||
| Investment | managers' | ||||||
| fees | 13,402 | 13,170 | |||||
| Expenditure | on charitable | ||||||
| activities | |||||||
| Grants to Birkenhead | |||||||
| School | 18,150 | 1,693 | |||||
| Grant to Old | Birkonian | ||||||
| War Memorial & | |||||||
| Scholarship | Fund | 8,205 | |||||
| Governance | Costs | 1,699 | 1,320 | ||||
| 41,456 | 16,183 | ||||||
| Net incoming and | net movement | in | |||||
| funds before gains on investments | (1,695) | 25,062 | |||||
| Net (losses)/gains | on investments | 8 | 49,482 | 181,453 | |||
| Net movement in |
funds | 47,787 | 206,515 | ||||
| Total Funds | at 1January 2020 | 1,379,466 | 1,172,951 | ||||
| Total Funds | at31 | December 2020 | |||||
| 1,427,253 | 1,379,466 |
| ixed Asset | Investments | |||
|---|---|---|---|---|
| 2020 | 2019 | |||
| E | f | |||
| Movement | in Gxed asset listed | investments: | ||
| Cost | ||||
| Cost at 1January 2020 | 961,617 | 974,450 | ||
| Additions | 609,195 | 84,650 | ||
| Disposal proceeds | (550,633) | (94,385) | ||
| Profit/(Loss) | on disposal ofinvestments | 25,237 | (3,098) | |
| Cost at31December 2020 | 1,045,416 | 961,617 | ||
| Unrealised | gains on restatement | to market value | 298,024 | 273,779 |
| Market value at 31December | 2020 | 1,235,396 | 1,235,396 |
| 8 | Fixed Asset | Investments | 2020 | 2019 | ||
|---|---|---|---|---|---|---|
| E | E | |||||
| Net gains on investments | comprise: | |||||
| Profit/(loss) | on disposal | ofinvestments | 25,237 | (3,098) | ||
| Movement | in unrealised | gains for the year | 24,245 | 184,551 | ||
| 49,482 | 181,453 | |||||
| 9 | Analysis ofcurrent assets | |||||
| 2020 | 2019 | |||||
| E | E | |||||
| Prize &Scholarship Fund |
—Neil Gracey Fund | 2,390 | ||||
| Birkenhead | School —Grants in advance | 4,145 | ||||
| Balances at | bank | 94,019 | 148,516 | |||
| 98,164 | 150,906 | |||||
| 10 | Analysis ofcurrent liabilities - creditors under 1year | |||||
| 2020 | 2019 | |||||
| E | E | |||||
| Old Birkonian Society | 7,036 | 5,517 | ||||
| Prize &Scholarship Fund |
5,815 | |||||
| Accruals | 1,500 | 1,320 | ||||
| 14,351 | 6,837 | |||||
| 11 | Funds ofthe | Charity | ||||
| 2020 | 2019 | |||||
| E | E | |||||
| General Funds | ||||||
| At 1January | 2020 | 1,105,687 | 1,083,723 | |||
| Surplus/(Deficit) for the |
year | 23,542 | 21,964 | |||
| At 31December 2020 | 1,129,229 | 1,105,687 | ||||
| 2020 | 2019 | |||||
| F. | E | |||||
| Unrealised | investment | gains | ||||
| At 1January | 2020 | 273,779 | 89,228 | |||
| Movement | for the year | 24,245 | 184,551 | |||
| At31December 2020 | 298,024 | 273,779 |
| HEDULE OF | INVESTMENTS HELD AT3 | 1DE | CEMBER2020 | ||
|---|---|---|---|---|---|
| Market | |||||
| Holding | Cost | Value | |||
| 11,842 | 3i Infrastructure NPV Ordinary |
24,962 | 36,473 | ||
| 22 | Alphabet Inc, Class A USD Common Stock |
19,463 | 28,207 | ||
| 14 | Amazon Com Inc USD Common Stock |
20,014 | 33,357 | ||
| 1,300 | Anglo American | 25,203 | 31,519 | ||
| 290 | Apple | 24,863 | 28,150 | ||
| 1,245 | Ashtead Group Ordinary |
20,119 | 42,803 | ||
| 400 | Astra Zeneca USD Ordinary | 12,503 | 29,296 | ||
| 8400 | Aviva | 25,231 | 27,317 | ||
| 1,900 | Baillie Gifford | 31,730 | 36,442 | ||
| 3,100 | Bankers Investment Trust |
Ordinary | 20,367 | 34,224 | |
| 985 | BRITISH Amedican Tobacco Ordinary | 24,950 | 26,674 | ||
| 16 | Booking Holdings | 25,028 | 26,070 | ||
| 1,000 | Brown Advisory Funds US Small Cap Blend |
20,244 | 22,583 | ||
| 640 | Coca Cola | 25,924 | 25,676 | ||
| 1,000 | Diageo Ordinary | 5,813 | 28,780 | ||
| 14,500 | Fidelity Investment Global Dividend |
19,829 | 29,667 | ||
| 74 | Fidelity China | 12,441 | 12,590 | ||
| 2,200 | Guinness Asset Management | Global Equity | 26,791 | 34,314 | |
| 1,400 | Halma Ordinary | 17,574 | 34,286 | ||
| 19,250 | HICL Infrastructure Co Ordinary |
25,655 | 33,495 | ||
| 20,250 | Intl Public Partnerships Ordinary |
28,923 | 34,466 | ||
| 29,000 | Invesco Funds Monthly Income |
60,842 | 62,611 | ||
| 12,000 | Legal &General Ordinary | 16,616 | 31,944 | ||
| 370 | Legg Mason Global Funds | 39,868 | 37,326 | ||
| 9,000 | Link Fund Solutions Ruffer Total | 28,843 | 31,192 | ||
| 56,000 | Lion Trust Investments | 56,261 | 57,293 | ||
| 160 | Microsoft | 23,893 | 26,034 | ||
| 310 | Muzinich Funds |
30,584 | 31,760 | ||
| 3,600 | National Grid Ordinary |
32,918 | 31,140 | ||
| 230 | Nike | 22,984 | 23,803 | ||
| 900 | Pffizer | 24,409 | 24,236 | ||
| 1,650 | Polar Capital Technology | Ordinary | 19,676 | 38,033 | |
| 17,000 | Renewable Infrastructure |
22,591 | 21,726 | ||
| 4,600 | Rentokil Initial Ordinary |
13,846 | 23,442 | ||
| 700 | Rio Tinto Zinc | 29,173 | 38,290 | ||
| 39,789.05 | Schroder Investment Mgmt Asian Income |
22,064 | 30,339 | ||
| 5,300 | Scottish Mortgage Inv Trust Ordinary |
8,420 | 37,634 | ||
| 1,500 | Smith &Nephew | 24,623 | 22,650 | ||
| 10,000 | Standard Life Aberdeen |
32,711 | 28,130 | ||
| 730 | Unilever Ordinary | 12,176 | 32,062 | ||
| 160 | Verisk Analytics | 24,790 | 24,298 | ||
| 184 | Visa Inc USD Common Stock | 20,179 | 29,442 | ||
| 720 | Whitbread | 23,257 | 22,320 |