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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||||
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##
|~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|
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|||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|
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||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|
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||||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|
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||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||||||||
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||||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|