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2021-04-05-accounts

Pacaess
Trustees and Advisers
Report ofthe Trustees 4-6
Independent
auditors'		 report 7-9
Statement of Financial Activities 10
Balance Sheet
Notes to the financial statements 12 - 16

Statement of Finan cial Activities for t e year ended 5 April 2021
Notes Year ended Year ended
5April 2021 5April 2020
Unrestricted Unrestricted
Funds Funds
Income and Expenditure 6 E
Income and Endowments
from
Donations
&legacies
Donation
from settlor		 100,000 200,000
Tax recoverable under Gift Aid 25,000 50,000
Investment
income
Deposit interest 491 3,086
REIT distribution 16,250 58,100
Dividends- Argentex 3,066
Total Income 144,807 311,186
Expenditure
on:
Chariitable
activities		 - donations (258,500) (166,923)
Charitable
activities		 —support costs
Salary costs (20,000)
Bank charges
Audit fee
Other costs		 (1,752) (30)
(1,881)
~138
Total Expenditure 280,252 168972
Net Incoming Resources forthe Year 135,445 142,214
Other Recognised Gains and Losses
Change
in market value of investments		 during the year 194,357 'I1,508
Foreign exchange
Foreign exchange		 gain on investments
gain on cash during		 during the year
the year		 (22,768)
~27,979
143673		 13,333
14,405
39,246
Net movement
in		 funds 8,228 181,460
Unrestricted
funds		 brought forward at6 April 2020 1,522,939 1,341,479
Unrestricted
funds carried forward at 5April		 2021 1,531,167 1 322,939

Balance Sheet as at 5April 2021
Notes
5April 2021 5April 2020
6 5
FIXEDASSETS
Investments 1,136,794 965,205
CURRENT ASSETS
Cash 421,483 587,472
Debtors 7,100 27,020
428,583 614,492
CURRENT LIABILITIES
Creditors (amounts due within one year) 4 (34,210) (41,758)
NET CURRENT ASSETS 394,373 572,734
TOTAL ASSETS LESSCURRENT LIABILITIES 1,531,167 1,537,939
Creditors (amounts due after one year) (15,000)
NET ASSETS 1,531,167 1,522,939
Represented
by:
Unrestricted
funds		 1,531,167 1,522,939
I 331 167 1,522,939

2 Investments
5April 2021
5		 April 2020
Investments listed on recognised stock exchange: E
Valuation at 5 April 2020 / 5April 2019 965,205 776,980
Additions 163,384
Exchange rate variances
Revaluation
for the year		 (22,768)
194,357		 13,333
11,508
Valuation
at		 5 April 2021 / 5 April 2020 1,136,794 965,205
5April 2021
Percentage
of porffolio
Investments
held at 5 April 2021
Pacific Industrial
5 logistics
Pacific G10Macro Rate Zacc		 comprised: 742,600
197,584		 65.3%
17.4%
Argentex
Group Pic		 196,610 17.3%
1,136,794 1QQ%
5April 2020
Percentage
of portfolio
Investments
held at 5 April 2020
Pacific Industrial
& logistics
Pacific G10Macro Rate Zacc		 comprised: 580,000
201,243		 60.1%
208%
Argentex Group Pic 183,962 19.1%
965,205 100%

Creditors
5April 2021 5Apnl 2020
Falling due within one year-
Donations
committed		 30,000 39,850
Audit fee accrual 1,830 1,908
PAYE/Nl 2,380
34,210 41,758
Falling
due over one year-
Donations
committed		 15,000

6 Donations 5April 2021 5April 2020
6 E
Reconciliation ofdonations payable:
Commitments at 5 April 2020 / 5 April 2019 54,850 242,350
Approved
in the year		 258,500 166,923
Adjustment
Paid in the year		 283,350 ~354 423
Commitments at 5 April 2021 / 5April 2020 30,000 54850
Commitments at 5 April 2021 are payable as follows:
Within one year 30,000 39,850
Over one year 15,000
30000 54,850
All donations committed will be funded from cash reserves.
No ofgrants Period ended No ofgrants Year ended
awarded 5April 2021 awarded 6April 2020
6
Art 40,000
Education 'I 5,000
Medical Research 4 11,000 13 29,500
Sport 1 100,000
Social welfare 44 142,500 42 97,423
50 230 500 53 166,923

Donations are further sumrnarised sumrnarised sumrnarised as follows:
Period ended Year ended
5April 2021 5April 2020
5 E
Age UK
Amelie
& Daniel Linsey
Anthony
Nolan
Barnardo's		 Foundation 1,000
5,000		 2,000
25,000
2,000
2,000
Blesma 1,000
Bloodwise 2,000
Brace 1,000
Brain Tumour
Charity		 2,000
British Red Cross 5,000 2,000
Cavell Nurses Trust 2,000 2,000
CFAB 2,500
Changing
Faces
Chemobyl
Children's		 Project UK i,000 1,000
2,000
Felix Project 20,000
City Escape
Clic Sargent		 2,000
2,500
Clowns
in the Sky		 2,000
Trussell Trust 10,000
Crisis UK 1,000
Cure International
UK		 1,000
David Ross Foundation 40,000
National
Domestic Halpline		 10,000
Farms for City Children 1,000
Feeding Britain 1,000
Millie for FoodBank 2,000
Hall for Comwall 2,500
Heart Research 1,000
Homestart 1,000
Red Cross 5,000
Hamow Development Trust for Covid 19 5,000
Hospice UK 2,500
Independent
Age		 1,000
International
Spinal research		 1,000
The Donkey Sanctuary 1,000
Lady Garden
Foundation		 5,000 5,000
London Air Ambulance 1,000 1,000
Maggie's 2,000
Marie Curie Corporate fundraising 2,000
Mlartin House 1,000
Medecins sans Frontieres UK 15,000 5,000
Zoological Society 2,500
MND Association 2,500
Mooifields Eye Charity/Hospital 1,000
Rekindle
Home		 2,500
Kingsbridge 5Saltstone 1,000
Bowel Cancer 2,000
Operation
Smile UK		 1,000 1,000
Parkinson's
Disease		 Society 5,000 5,000
Dementia
UK		 2,000
React 1,000
Re-Cycle 1,000
RNIB 2,500 5,000
RNLI 2,000 5,000

s Donations
(continued)		 Donations
(continued)
Period ended Yearended
5April 2021 5April2020
8 8
Chicks 1,000
Royal Bntish Legion 2,000
RSPCA 1,000
Save the Children 2,500
Sightsavers 2,000 1,000
Skiers Trust 1,000
Smile Tmin 2,000 2,000
Plan International 1,000
SSAFA 5,000 2,000
Starlight
St Francis Children		 Society 2,000 2,000
StJohn Ambulance 4,000 2,000
TASC 2,000
Teenage Cancer 2,500
Firefighters
Charity		 1,000
The Lucy Faithful Foundation 1,000
The Big Issue Foundation 'I,000
Siblings Together 1,000
The Children
Trust		 1,000
The Listening Place 1,000
The National
Brain Appeal		 2,000
The Salvation
Army		 2,000
The Silver Line 2,000
Horses Trust 1,000
The Dog Trust 1,000
Treloar Trust 1,000
UNICEF 2,500
Isle ofWright Donkey Sanctuary 1,000
Viida 4,423
The Meath School 11,000
World Bicycle Relief 1,000
YST 100,000
Children's
House		 500
NSPCC 1 000
258,500 166923