| CONTENTS | ||
|---|---|---|
| Page | ||
| Annual Report ofthe Trustees |
||
| Receipts and Payments | Account | |
| Statement ofAssets and | Liabilities | |
| Notes to the Accounts | ||
| Report ofthe Independent Examiner |
| For t | he year ended 31March 2021 | he year ended 31March 2021 | ||||
|---|---|---|---|---|---|---|
| A | RECEIPTS AND PAYMENTS ACCOUNT | 2021 | 2020 | |||
| (ACCUMULATED INCOME FUND) |
||||||
| RECEIPTS | ||||||
| Investment Income: |
||||||
| Rents from Property: Old Bank Chambers, Market Bosworth |
14,000 | 14,000 | ||||
| Dividends and Interest: |
||||||
| Charities Official Investment Fund |
24,527 | 24,045 | ||||
| Charinco Charities N/R Fund | 1,796 | 1,517 | ||||
| National Savings Bank -Income Bond COIF Charities Deposit Fund |
167 | 231 1 |
||||
| 26,490 | 25,794 | |||||
| TOTAL RECEIPTS | 40,490 | 39,794 | ||||
| PAYMENTS | ||||||
| Charitable Payments (Note 2) |
73,615 | 64,361 | ||||
| Management and Administration: Clerk's Salary Audit and Accountancy Legal & Professional Bank Charges |
5,879 660 10 |
7,700 600 360 |
||||
| SundryExpenses | 47 | |||||
| 6,596 | 8,660 | |||||
| TOTAL PAYMENTS | 80,211 | 73,021 | ||||
| NET (PAYMENTS)/RECEIPTS | ||||||
| FROM ACCUMULATED INCOME FUND ASSETS |
(39,721) | (33,227) | ||||
| Surplus/(Deficit) from Permanent |
Endowment | (Page | 3) | 51,721 | 40,245 | |
| Net Receipts/(Payments) for the Year |
12,000 | 7,018 | ||||
| Cash and Bank balances at 31March 2020 | 56,120 | 49,102 | ||||
| CASH AND BANK BALANCES | AT31MARCH 2021 | E 68,120 | 56,120 |
| THE DIXIEEDUCATIONAL FOUNDATION |
THE DIXIEEDUCATIONAL FOUNDATION |
THE DIXIEEDUCATIONAL FOUNDATION |
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|---|---|---|---|---|---|
| RECEIPTS AND PAYMENTS ACCOUNT | |||||
| For the | year ended 31 March 2021 | ||||
| B | RECEIPTS AND PAYMENTS ACCOUNT | 2021 | 2020 | ||
| (PERMANENT ENDOWMENT) | |||||
| RECEIPTS | |||||
| Investment Income: |
|||||
| Rents | |||||
| Dixie Grammar School |
45,400 | 46,000 | |||
| Dividends | |||||
| Charities Official Investment Fund |
29,814 | 29,227 | |||
| Charinco Charities N/R Fund | 865 | 731 | |||
| 30,679 | 29,958 | ||||
| TOTAL RECEIPTS | 76,079 | 75,958 | |||
| PAYMENTS | |||||
| Management and Administration: Property Insurance Legal and Professional Repairs and Maintenance |
22,623 1,500 235 |
20,725 14,760 228 |
|||
| 24,358 | 35,713 | ||||
| TOTAL PAYMENTS | 24,358 | 35,713 | |||
| NET RECEIPTS/(PAYMENTS) PERMANENT ENDOWMENT |
FROM FUND ASSETS |
51,721 | 40,245 | ||
| Transfer to Accumulated Income |
Fund (Page 2) | 51,721 | 40,245 |
| STATEMENT OFASSETSA | ND LIABILITIES AT31 | MARCH 2021 | ||
|---|---|---|---|---|
| 2021 | 2020 | |||
| ACCUMULATED INCOME |
FUND ASSETS | f. | ||
| Monetary Assets HSBCBank Current Account |
67,921 | 55,921 | ||
| COIF Charities Deposit Fund | 199 | 199 | ||
| TOTAL CASH AND BANK | BALANCES | 68,120 | 56,120 | |
| Investments | ||||
| Quoted Investments at Cost: |
||||
| Charities Official Investment | Fund | |||
| 46,843.11Income Shares (Market Value 6839,728) | 399,341 | 399,341 | ||
| Charinco Charities N/R Fund | ||||
| 23,949.56Income Shares (Market Value 644,834) | 33,778 | 33,778 | ||
| National Savings Income Bond | 20,000 | 20,000 | ||
| 6453,119 | E453,119 | |||
| Other Assets: | ||||
| Freehold Properties at Cost |
||||
| Old Bank Chambers, Market |
Bosworth | 6 87,682 | 87,682 | |
| TOTAL ACCUMULATED INCOME FUND ASSETS |
AT COST | 6608,921 | 6596,291 | |
| PERMANENT ENDOWMENT FUND ASSETS | ||||
| Investments | ||||
| Quoted Investments at Cost: |
||||
| Charities Official Investment | Fund | |||
| 56,939.53Income Shares (Market Value E1,020,720) | 71,305 | 71,305 | ||
| Charinco Charities N/R Fund | ||||
| 11,540.47Income Shares (Market Value 621,604) | 16,277 | 16,277 | ||
| 6 87/82 | 87,582 | |||
| Other Assets: | ||||
| Freehold Property The Dixie Grammar School, Market Bosworth (Note 3) |
Value not Stated |
| written off to the receipts and payments account in t incurred. |
he period in which such | expenditure | |
|---|---|---|---|
| 2021 | 2020 | ||
| 2 | DIRECT CHARITABLE EXPENDITURE | ||
| Students | 5,800 | 10,480 | |
| Scholarships | 5,471 | ||
| Other Organisations | 67,815 | 48,410 | |
| 73,615 | 664,361 |