2021-03-31-accounts

Report ofthe Trnstees		I to 3
Independent Examiners	Report to the Tmstees
Statement ofFinancial	Activities
Balance Sheet
Notes to the Financial	Statements	7 to 10

				Total	Total
		Unrestricted	Restricted	funds	funds
		funds	funds	2021	2020
INCOMING RESOURCES	Notes
Investment income:
Rent receivable		56,365		56,365	63,961
Dividends and interest		111,497		111,497	133,843
TOTAL INCOMING RESOURCES		167,862	—	167,862	197,804
RESOURCES EXPENDED
Cost ofgenerating funds	3	25,016	-	25,016	26,823
Charitable Activities:
School scholarships, grants for clothing,
book vouchers and donations		124,484		124,484	142,365
Apprenticeships		4,663		4,663	14,366
		129,147		129,147	156,731
Direct and Support Costs:
Administrative and general expenses	4	25,555		25,555	31,539
TOTAL RESOURCES EXPENDED		179,718		179,718	215,093
NET OUTGOING RESOURCES
Before other recognised gains and losses		(11,856)		(11,856)	(17,289)
GAINS/(LOSSES) ON INVESTMENTS
Realised gains/(losses) on investments	6		76,489	76,489	24,824
Unrealised gains/(losses) on investments	6		517,247	517,247	(409,901)
Realised gain on investment properties	5
NET MOVEMENT IN FUNDS		(11,856)	592,736	581,880	(402,366)
BALANCES BROUGHT FORWARD		305,077	4,136,310	4,441,387	4,843,753
BALANCES CARRIED FORWARD		293,221	4,730,046	5,023,267	4,441,387

			2021		2020
	Note
FIXEDASSETS
Tangible assets:
Investment properties			1,268,750		1,268,750
Investments			3,544,133		3,035,250
			4,812,883		4,304,000
CURRENT ASSETS
Debtors	7	122,187		55,397
Cash at bank and in hand		100,229		89,967
		222,416		145,364
CREDITORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR	8	12,032		7,977
NET CURRENT ASSETS			210,384		137,387
TOTAL ASSETSLESSCURRENT
LIABILITIES'			X5,023,267		&,441,387
RESERVES
Restricted funds			4,730,046		4,136,310
Unrestricted funds			293,221		305,077
			65,023,267		&l,441,387

	year. Re-imbursement ofexp	year. Re-imbursement ofexp	year. Re-imbursement ofexp	enses tot	alling gNII were paid in the year.
3.	COST OF GENERATING			FUNDS
					2021	2020
	Managing Agents fee				7,306	7,994
	Portfolio Management		fee		17,710	18,829
					f25,016	f26,823
	ADMINISTRATIVE	AND		GENERAL EXPENSES
	Clerk's fees, expenses and postage				16,040	15,000
	Independent Examiner's		fees		3,300	3,120
	Property repairs				3,527	9,397
	Heating, lighting and Council			Tax	159	443
	Insurance				1,549	(136)
	Professional fees				600	3,116
	Sundries					219
	Payments to Yardley Charities Estates				Almshouses:
	Anmtal payments under		determination		order
	of5 June 1908				380	380
					f25,555	f31,539
	TANGIBLE ASSETS
	- INVESTMENT PROPERTIES
	At valuation
	At 31March 2020				1,268,750	1,268,750
	Additions at cost
	Revaluation
	Less: Disposals
	At 31March 2021				61,268,750	f1,268,750

6.	INVESTMENTS
					2021	2020
	Inveshnents				f3,544,133	f3,035,250
	Quoted investments
	Market value at 31March		2020		3,035,250	3,454,808
	Add:
	Additions at cost				483,732	838,259
	Less:
	Disposal proceeds				(568,575)	(872,740)
	Add:
	Realised gains/(losses)				76,489	24,824
	Net gains/(losses) on revaluation				517,247	(409,901)
	Market value at 31 March		2021		f3,544,133	f3,035,250
	Cost at 31March 2021				f2,868,409	f2,902,336
	Unrealised gains included at 31March 2021		in valuation		6675,724	f132,914
	UK listed investments	are	represented	by;
	UK Bonds and other fixed		interest securities		551,449	757,451
	UK Equities				896,385	712,214
	Non-UK Equities and Bonds				1,810,039	1,502,495
	Overseas Bonds				286,260	63,090
	Total				f3,544,133	63,035,250

Due from Stockbrokers	109,320	39,468
Due from Managing Agents	11,701	13,342
Debtors and prepayments	1,166	2,587
	6122,187	E55,397

CREDITORS: AMOUNTS WITHIN ONE YEAR	FALLING DUE
		2021	2020
		8
Accrued expenses		8,100	4,863
Rental income and insurance	recharged in advance	3,932	3,114
		612,032	g7,977