2020-12-31-accounts

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Trust Information
Trustees' Report and Statement ofResponsibility			2 —5
Independent Auditor's	Report
Statement ofFinancial	Activities		10
Balance Sheet
Notes to the Financial	Statements		12 —17
	Information	for the Trustees
Distribution ofSurplus	Income		18
Investment Properties

~A» qu+ I A			Tel'nl Commencement	~Len th of Tei'nl	~Len th of Tei'nl
Hulme Trustees			20 March 2019	4	years
Ivlanchester Grammar	School		20 September 2018	4	years
Manchester University			23 March 2017	4	years
Brasenose College			3 November 2018	4	years
Brasenose College			22 March 2018	4	years
William Hulme Grammar		School	28 September 2017	4	years
Hulme Trustees			20 March 2020	4	years

		a	. e 3 I	cen 02
			Unrestricted	Endowmenl.	31.12.20	3 I.12.19
		Pave	Fund	Funds	Total	Total
Incoming Resources
Rents Received and Receivable		19		48,117	48,117	48,600
Invest&neat hlconle		15		170,330	170,330	248,630
Interest received				291	291	913
Total Incoming Resources				218 738	218738	298 143
Resources Expended
Cost ofGenerating Funds
Fund Management				13,743	13,743	16,639
Property Insurance				3,070	3,070	1,055
Prope&ty Management fees				5 845	5 845	11 579
				22 658	22 658	29273
Charitable Purposes
(2019—Only Unrestricted	Fun&1)
Interim Distribution		18	165,000		165,000	160,000
Proposed Final Distribution		18	175 000		175 000	160000
			340000		340 000	320 000
Governance Costs
Management Fees				21,600	21,600	24,720
Accounting fees				4,680	4,680	4,200
Audit Fee				4,272	4,272	4,320
Trustee and IVIeeting Expenses				212	212	312
Bank Charges and Interest				580	580	142
				31344	31344	33694
Other Expenses
Sinking Fund		16		170	170	170
Total Expenses			340 000	541 172	394 172	383 137
Net Expenditure			~340 000	164 566	~175434	~84 994
Capital Transactions
Realised gain —Land and Buildings						50,000
Realised gains —Investments				967,984	967,984	114,354
Realised losses —Investments Unreal ised Gains (losses) - Investments				~953 631	~953631	(85,826) I 439 981
Net Capital transactions				14,353	14,353	1,518,509
Transfer between Funds			340 00tl	~340 00tl
Net Movement in Funds				~161 0111	~161 081	I 433 515
Balances at 31 December 2019				14,788,999	14,788,999	13,355,484
Balances at 31 December 2020				14,627,918	14,627,918	14,788,999

			Enrlovvnlent	31.12.20	Endotvment	31.12.19
		Pa~e	Ftutti	Total	Fund	Total
			f.
Fixed Assets
Investment Properties		19	2,930,101	2,930,101	2,930,101	2,930,101
Quoted	Investments	15	11,712,484	11,712,484	11,730,856	11,730,856
I3nquoted Investment
			14 642 383	14,642 585	14660957	14660 957
Cnrrent	Assets
Debtors		16	3,283	3,283	3,445	3,445
Balance	at Broker		154,879	154,879	290,808	290,808
Cash at	Bank		31 422	31 422	27 840	27 840
			189584	189584	322 693	322 993
Current	Liabilities
Creditors		16	29,251	29,251	34,051	34,051
Proposed	Final Distribution		175,000	175,000	160,000	160,000
			204,251	204,251	194,051	194,051
Net Current Assets			(14,667)	(14,667)	128,042	128,042
Total Assets Less Current		Liabilities	14,627,918	14,627,918	14,788,999	14,788,999
Fund Balances			14,627,918	14,627,918	14,788,999	14,788,999

	l	e e ed	e
	i el
			~Dna	lied	Permanent
			Funds		El 1il0iv I'llellI	Total Funds
Presei ved value at
24 December 1980					2,094,612
Allowmlce	for inflation				6 667 424
Balance at
31 December 2019			6,036,963		8,752,036	14,788,999
Investment	Return	218,738
Investment	Losses
Revaluation	Gains	14,353
Management	Costs	(22,658)
Governance	Costs	~31 514		178,919		178,919
Application Expenditure	to Reserve		(340,000)			(340,000)
Transfer to	alloiv for intiation		~704 940		704 940
Preserved value at 31 December2020			~0 942

						31.12.20	31.12.19
Financial assets measured	at fair	value through		the	Statement
ofFinancial Activities:
Investments stated at market value						14,642,585	14,660,957
Financial assets that are debt instruments			measured		at
amortised cost:
Cash at bank and cash equivalents						31,422	27,840
Balance at Broker						154,879	290,808
Rental Debtors							375
Financial liabilities at amortised		cost:
Grants committed						14,582	12,583
Accruals						8,318	16,198
Rents in atlvance						5,500	5,270

Related Party	Related Party			Distribution	Distribution	Creditor	Creditor
				2020	2019	2020	2019
					g
Brasenose	College			143,616	135,168	73,920	67,584
Manchester	University			71,808	67,584	36,960	33,792
William Hulme Grammar			School	49,776	46,848	25,620	23,424
Manchester	Grammar	School		1,496	1,408	770	704

			Market	Value	Cost
Opening Balance as at 01.01.20			11,730,856		9,141,739
Movement in year
Additions			3,690,595		3,690,595
Disposals at Market Value/Cost			(3,723,320)		(2,755,337)
Net unrealised	gains (loss) for year			14333
Closing Balance	as at 31.12.20		~lZZ4		10076,997
		Cost	Market Value	Income
				31.12.20	31.12.]9
Fixed Interest		651,335	623,167	30,158	30,158
UK Equities and Equity Funds		3,371,638	4,185,971	79,540	133,660
Equity Investment	Instruments	503,126	617,871	13,442	10,601
Global Equities and Equity Funds		3,898,898	4,415,946	18,477	42,374
Property Funds and	other Assets	420,040	502,689	20,592	24,129
Multi Asset Funds		I 231 960	1 366 846	8 121	7 708
		l0.02f~l	333ll2 4		2~263

4.DEB	TORS			31.17.20	31.12,19
Rent debtor					375
Prepayments				3.283	3 070
Total					~34
5.CREDITORS
				31.12.20	31.12.19
Rentin	advance			5,500	5,270
Accrued	Broker's Fee			4,118	4,118
Accrued	Audit Fee			4,200	4,200
Accrued	Accountant's		Fee		1,800
Accrued	Clerk's Fee				5,400
Sinking	Fund			850	680
Grant to	Chetham's	School		1,400	1,400
Distribution Arrears				13 1113	I I 183
Total					051

	Balance at	Incoming	Incoming	Transfer	Resources	Illvcstnlcnt	Balance at
	1st Januaiy	Resources			Expended	Gains	31 December
	2019					(Losses)	2019
Expendable	4,792,341	298,143		(188,893)	(383,137)	1,518,509	6,036,963
Endoivment
Permanent	8,563,143			188,893			8,752,036
Endowment
	Balance at	hlcoln	lug	Transfer	Resources	Invcstn1cnt	Balance at
	1stJanuaiy	Resources			Expended	Gains	31 December
	2020					(Losses)	2020
Expendable
Endowment	6,036,963	218,738		(104,940)	(394.172)	14,353	5,770,942
Permanent	8,752,036			104,940			8,856,976
Endoivment

			Cost at
			26.10.79
			Valuation at	Valuation	at	Valuation at	Ilscotlte	lllcome
			31,3,85a	March 2020		March 2019	31.12.20	31.12.19
Bottom Fen Farm, Aslackby,
Lincolnshire				1,150,000		1,150,000	18,000	18,000
			388,468
Mill Farm, Gosberton,		Lincolnshire }		500,000		500,000	7,955	8,240
Lincolnshire Estates			388,468	1,650,000		1,650,000	25,955	26,240
Brookfold Farmhouse		and Buildings,
Harwood, Lancashire			88,000 a	1,235,000		1,235,000	15,000	15,000
Land adjacent to 22 Brookfold Lane				30,000		30,000	1,645	1,750
Orange Mast at Brookfold Farm				15	000	15 000	5 500	5 500
Harwood Estate			88 000	1 280	000	1 280 000	22 145	22 250
			476 468	2 930	000	2 930000	48100	48 490
310/318 Manchester	Road,
Heaton Chapel			100 a		100	100
Maxim~
Sundry BT, United Utilities, E-On
Oldham MBC, Anglian		Water					17	110
			101		101	101	17	110
			476,569	2,930,	101	2,930,101	48,117	48,600