##
##
##
||||Page|
|---|---|---|---|
|General
information||||
|Report of|the trustees|||
|Auditors'|report|||
|Statement|offinancial|activities|IO|
|Balance sheet||||
|Statement|of cash flows|||
|Notes to|the financial|staremems|l3|
##
##
##
|Established|by deed|7 September|1989||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Charity number||802142|||||||||||||||
|Trustees||J S Swire|||||||||||||||
|||8 N Swire|||||||||||||||
|||W Leigh-Pemberton||||(appointed|||||I I August|||2021)|||
|||Power to appoint||new||Trustees||||was vested||||in the settlor|||
|||during
his lifetime||and||thereafter||||in the||Trustees|||provided||
|||that there are|always||at|least three||||Trustees.|||||||
|Settlor||Sir John Swire,|CBE||(deceased)||||||||||||
|Trust fund||g100, further|settlements,||||accumulation|||||of income,
capital|||||
|||accretion
or|otherwise||||and|all|property||||representing|||the|
|||same.|||||||||||||||
|Objects||Such charitable|objects as||||the settlor||||shall|in|writing||direct||
|||or in default of direction||||as the Trustees||||||shall from|||time to||
|||time determine.|||||||||||||||
|Accumulation||During
the period||of 21|||years||from the date of||||||the trust||
|||deed, the Trustees|||had|power to||||accumulate||||the|whole|or|
|||any part ofthe|income of||||the Trust|||Fund.|||||||
|Power to retain||The Trustees|have|power to||||retain|||any|John||Swire 8 Sons|||
|||Limited shares|comprised||||in the Trust Fund.||||||||||
|Investment||Powers ofinvestment|||as|an absolute|||||beneficial|||owner.|||
|Investment|managers|Sarasin 8 Partners||LLP|||||||||||||
|||Juxon House|||||||||||||||
|||100St Paul's Churchyard|||||||||||||||
|||London|||||||||||||||
|||ELM BBU|||||||||||||||
|Bankers||Coutts 8Co|||||||||||||||
|||440 Strand|||||||||||||||
|||London|||||||||||||||
|||WC2R OQS|||||||||||||||
|Auditors||Dixon Wilson|Audit||Services LLP||||||||||||
|||22 Chancery
Lane|||||||||||||||
|||London|||||||||||||||
|||WC2A
ILS|||||||||||||||
|Address||Swire House|||||||||||||||
|||S9 Buckingham|Gate||||||||||||||
|||London|||||||||||||||
|||SW IE6AJ|||||||||||||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||||(As Restated)|(As Restated)|
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|||||Unrestricted|Expendable|||
|||||Income|Endowment|||
||||Note|fund|fund|Total|Total|
||||||6|6|6|
|Income and|endowments||from:|||||
|Donations|||2||3,129,598|3,129,598|15,437.281|
|Investments|||3|2,901,112||2,901,112|1,904.993|
|Total incoming||resources||2,901,112|3,129,98|6,030,710|17,342,274|
|Expenditure|on:|||||||
|Raising funds|||||85,069|85,069|13,196|
|Charitable
activities|||4|2,320,577||2.320,577|1,552,263|
|Total expenditure||||2,320,577|85,069|2,405,646|1,565,459|
|Net gains/(losses)||on investments|||30,598,903|30,598,903|(11,743,052J|
|Net Income||||580,535|33,643,432|34.223,967|4,033,763|
|Net movement||in funds||580,535|33,643,'132|34,223,967|4,033,763|
|Reconciliation||offunds:||||||
|Fund balance brought forward|||at I January 2021|259,309|47,636,403|47,895,712|43,861.949|
|Fund balance carried forward|||at 31 December 2021|839,844|81,279,835|82,119,679|47895,7/2|
##
##
##
||||||||2021||2020|
|---|---|---|---|---|---|---|---|---|---|
||||||||||(As restated)|
||||||Note|||6||
|Fixed assets:||||||||||
|Investments|||||||80,188,408||44,573,598|
||||||||||44,573,598|
|Current assets:||||||||||
|Debtors|||||6|25,906||12,542||
|Cash at bank|and in hand|||||1,9 16,7 I3||3317,803||
|||||||1,942, 1 I9||3,330,345||
|LIabilitlest||||||||||
|Creditors: Amounts|||falling due|||||||
|within one year|||||7|(10,848)||(8,231)||
|Net current||assets|||||1,931,271||3,322, I 14|
|Total assets||less current llablBties|||||82,119,679||47,895,7I2|
|Net assets|||||||82.119,679||47,895,712|
|The funds|ofthe charltyt|||||||||
|Expandable|endowment|||funds|||81.279,835||47,636,403|
|Unrestricted||income|funds||||839,844||259309|
||||||||82,119,679||47,895,712|
##
##
##
||||||2021|2020|
|---|---|---|---|---|---|---|
|||||Note|Total|Total|
||||||6|6|
|Net cash used in operating||activides|||(824,078)|(38l.080)|
|Cash Paws from investing|activiiies:||||||
|Interest
and dividends|||||2,901,112|l,904,993|
|Purchase of investments
Proceeds from disposal of||invesonents|||(3.508,189)
29,565|(I3,401,908)
14,7/4,246|
|Net cash (used in)/provided||by investing|activities||(577,512)|3.2I733I|
|Change
in cash and cash|equivalents||||(1,401,590)|2,83635I|
|Cash and cash equivalents||brought forward|||3,317,803|481,552|
|Cash and cash equivalents||carried forward|||1,916,213|3317,803|
##
##
##
##
##
##
##
##
##
##
|2.
Donations|and legacies|and legacies|||2021|2020|
|---|---|---|---|---|---|---|
|||||||6|
|In specie investments
Less creditors
Cash donations|||||1,537,283
1,592,315|I4,197,02 I
(9,740)
1,250,000|
||||||3,129,598|I5,437,28I|
|All donations
were attdbutable||to the Expendable|Endowment|Fund.|||
|3.
Investment|income||||2021|2020|
|Investment
income comprises:|||||||
|Income from unlisted
securities
Income from UK pooled investment|||||2,062,847
838,005|I,589,996
3I4,460|
|Interest on cash deposits|||||167|510|
|Rental income|||||93|27|
||||||2,901,112|l,904,993|
##
##
##
|4.
Analysis ofexpendit|4.
Analysis ofexpendit|u|re
on char|re
on char|itable
activities||||
|---|---|---|---|---|---|---|---|---|
|Thc chaiit" did not undertake|||sn" activit||tgrect!y but mev kv charitsh/e|nurnoses|hv making donations|and grants.|
|Gronts made to charitable
ins//tutions:|||||||||
||||||||2021|2020|
|Abbey Physic Community|Garden||||||5,000|5,000|
|ABF The Soidiers' Charity|||||||1,000|I,OOO|
|Action for Me|||||||35,000|IO,OOO|
|Action Medical Research|||||||1,000|I,OOO|
|Action On Hearing
Loss||||||||/,000|
|Age UK
Agc UK isle of Wight
All Saints, Farnborough
PCC|||||||2,000|2,000
76,250
2500|
|Almshouse
Association|||||||16,000|1,000|
|Alzheimer's
Research UK|||||||1,000|26,000|
|Alzheimer's
Society|||||||51,000|26,000|
|Arthritis
Research|||||||1,000||
|Artists' General
Benevolent||Institution|||||1,000|/,000|
|Ashford
Mediation
Service|||||||5,000|5,000|
|Asthma
UK|||||||1,000|/,000|
|Adantic
Salmon Trust|||||||1,500|I,500|
|Backcare (National
Back|Pain||Association)||||1,000|/,000|
|Barn Owl Trust|||||||1,000|/,000|
|o
~ -.
n
ar
v
ts|||||||3 000||
|Be Change|||||||10,000||
|Big issue Foundation
Blind Veterans
UK|||||||25,000
1,000|/0,000
3,500|
|Bloodwise||||||||1,000|
|Breaking Barriers|||||||20,000||
|Brighton Sussex Uni Hospitals|||NHS|Trust|Fund||1,000||
|Bristol Owners
Heritage|Trust||||||1,000|I,OOO|
|Brit Leprosy Trust|||||||1,000||
|Bdtain-Austra/ia
Society|Educational|||Trust|||5,000||
|British Asian Trust
'|||||||25,000||
|British Butterfly Conservation|||Society Ltd|||||I,OOO|
|v .. a
PlItlsn Heal
v roul lvadol|I||||||2 50n|I nnn|
|Bdtish Liver Trust|||||||5,000|/0,000|
|British Red Cross|||||||101,000|I,OOO|
|Bdtish Red Cross (Essex)|||||||1,000|1,000|
|British Red Cross (Kent)|||||||1,000|I,OOO|
|British Tinnitus
Association|||||||4,782||
|Britten Pears Arts|||||||5,000||
|BTO, British Trust (or Ornithology|||||||1,000|I,OOO|
|Butterfly Conservation|||||||1,000||
|Caldecott
Foundation|||||||1,000|/,000|
|Campaign
Against
Living|Miserably|||(CALM)|||30,000||
|Campaign to Protect Rural||England||(CPRE)|||1.000|/,000|
|Cancer Research
UK|||||||1,000|I,OOO|
|Canterbury
and District|Samaritans||||||1,000||
|Canterbury
Cathedral
Trust|||||||55,000|25,000|
|Canterbury
Choral Society|||||||1,000|/,000|
|Carried forward|||||||427,782|I77,750|
##
##
##
|4.
Analysis ofexpenditure|4.
Analysis ofexpenditure|4.
Analysis ofexpenditure|4.
Analysis ofexpenditure|on charitable|activities (continued)|2021|2020|
|---|---|---|---|---|---|---|---|
|||||||6||
|Broughtforward||||||427.782|177,750|
|Canterbury
Festival||||||10,000|20,000|
|Canterbury
Food Bank||||||15,000|l0,000|
|Carefree||||||50,000||
|Catching
Lives||||||45,000|70,000|
|Changing
Faces||||||10,000|15,000|
|Changing
Minds Kent|||||||5,000|
|Chatham
Historic Dockyard Trust|||||||16,000|
|Chelsea Physic Garden Company||||||25,000|25,000|
|Childnet
International||||||25,000||
|Cinnamon
Trust||||||1,500||
|Citizens Advice Bureau|in Swale|||||1,000|I.QOQ|
|Cleanupuk||||||10,000||
|Cobbes Meadow||||||1,000||
|Combat Stress||||||25,000||
|Coronary
Prevention
Group||||||1,000|1,000|
|CPRE Sussex
Crundale 8 Godmersham
Cruse Bereavement
Care||PCC
- East Kent 8 Swale||||3.000
1,000
5,000|I.QQQ|
|Curwen
Print Study Centre||||||15,000||
|Dandelion
Time||||||25,000||
|Deal Music and Arts||||||6,000|l,QQO|
|Demelza House Children's|||Hospice|||10,000|10,000|
|Design and Manufacture|for||Disability (Demand)|||10,000||
|Dogs Trust||||||3,000||
|Dover Boat Trust Fund||||||1,000|l.QQQ|
|Down's Syndrome
Association||||||1,000|I,QQQ|
|Durrell
Wildlife Conservation
Trust —UK||||||20,000||
|East Kent Hospitals - Mountbatten||||Centre|||1,000|
|East Kent Hospitals
NHS Trust - Mountbatten||||||1,000||
|East Kent Schools Together|||||||5,000|
|Ecobirmingham||||||20,000||
|Ehas (Edenbridge
Holiday||Activities||Scheme)||5,000|5,000|
|Elizabech
Finn Car||||||1.000||
|Epilepsy Research UK||||||1,000|l,QQQ|
|Essex Boys gt Girls Clubs||||||1,000|l,QQO|
|Essex Clergy Charity||||||1,000|l,QQQ|
|Essex Wildilife Trust||||||1,000|I,OQQ|
|Essex Yeomanry Association||||||1,000|I,QQQ|
|Eton College|||||||25,000|
|Family Links||||||1,000|1,000|
|Faversham
Assistance
Centre||||||5,000||
|Faversham
Municipal
Charities||||||10,000||
|Faversham
Music Club|||||||2,500|
|Faversham
Society||||||2,500|2,500|
|Fibromyalgia
Action UK||||||10.000||
|Folkestone
Dover and Hythe Samaritans|||||||5,000|
|Friday People Limited||||||1,160||
|Friends of Faversham
Cottage Hospital||||||1,000|I,QQQ|
|Friends of Kent Churches||||||1,000|1,000|
|Carried forward||||||810,942|408,750|
##
##
##
|Analysis ofexpenditure|on charitable|on charitable|on charitable|activities (continued)|2021
6|2020
6|
|---|---|---|---|---|---|---|
|Brought forward|||||810,942|408,750|
|Friends of Lewes|||||3,000||
|Friends ofThe Elderly|||||20,000||
|Friends ofThe Keep Archives|||||10,000||
|Frontline|||||50,000||
|Game 8Wildlife Conservation
Trust|||||1,000|1,000|
|Garden
Museum|||||26,000|l,000|
|Glyndebourne
Productions
Limited|||||1,250|1,250|
|Got Mater Development
Group|(Ace Africa)|||||2500|
|Gurkha Welfare Trust||||||l,000|
|Hampshire
Ic Isle ofWight Air Ambulance|||||10,000|5,000|
|Hampshire 8 isle ofWight Wildlife Trust|||||40,000||
|Hampshire
and The IOW Community
Hands ofHope||Found|||10.000|25,000|
|Harlow Cricket Club|||||10,000||
|Harlow PCC|||||2,000|2,000|
|Hatter Cardiovascular
Institute|||||10,000|10,000|
|Heart of Kent Hospice|||||5,000|25,000|
|Hebridean
Whale 8 Dolphin Trust|||||25,000||
|Help Musicians
UK|||||11,000|1,000|
|Herne
Bay Counselling
Service||||||5,000|
|Home-Start
South West Kent||||||10,000|
|Hope for Tomorrow||||||5,000|
||||||I 000||
|Household
Division Queen's
Silver Jubilee Trust|||||1,000|1,000|
|I Can Charity|||||1,000|1,000|
|Institute Cancer Vaccines 8 Immunotherapy|||ICVI||2,000||
|Irish Guards Association|||||1,000|1,000|
|Irish Guards
Benevolent
Fund|||||1,000|1,000|
|Juvenile Diabetes Research
Foundation|||||1,000|1,000|
|Keep Britain Tidy|||||31,625||
|Kent Air Ambulance|||||1,000||
|Kent Association for The Blind|||||1,000|1,000|
|Kent Community
Foundation|||||224,800|256,000|
|Kent County Organists'
Association
Kent Ms Therapy Centre|||||20,000|1,000
In000|
|Kant National
Garden
Scheme|||||10,000|10,000|
|Kent Refugee Action Network|(Kran)||||5,000|5.000|
|Kent Wildlife Trust|||||11,000|1,000|
|Kent, Surrey &Sussex Air Ambulance||Trust|||10,000|1,000|
|Kidney Research UK|||||1,000|1,000|
|King Edward
Vll's Hospital|||||1,000|l,000|
|King's School, Canterbury||||||50,000|
|L'Arche|||||10,000||
|Leighton
Buzzard PCC|||||1,000|1,000|
|LEPRA - Brldsh Leprosy
Relief|Assocladon|||||1,000|
|Leukaemia
League|||||1,000||
|London
Nautical
School|||||25,000||
|Lt Colonel's
Fund for Irish Guards|||||1,000|1,000|
|Carried forward|||||1,407,617|848,500|
##
##
##
|4.
Analysis ofexpenditure|4.
Analysis ofexpenditure|4.
Analysis ofexpenditure|4.
Analysis ofexpenditure|on charitable|on charitable|on charitable|activities (continued)|2821|2020|
|---|---|---|---|---|---|---|---|---|---|
|||||||||6||
|Brought forward||||||||1,407,617|848,500|
|Macmillan
Cancer Support||||||||2,000|7,000|
|Maggie's||||||||3,000|I,OOO|
|Maidstone
Hospice||||||||2,000|2,000|
|Marie Curie Cancer Care|||||||||l5,000|
|Marine Conservation
Society||||||||25,000|25,000|
|Medical Aid for Palestinians||(MAP)||||||25,000|IS,OM|
|Meningitis
Now||||||||1,500|l,500|
|Mental Health
Foundation||||||||1,000|I,ooo|
|Marten
College||||||||5,000|5,000|
|Migraine Trust||||||||1,000|l,ooo|
|Mind||||||||25,000|IO,OOO|
|Mission to Seafarers||||||||2,500|2500|
|Missions to Seaman||||||||2,500||
|Natianal
Autistic Society||||||||1,000|1.000|
|National
Emergencies
Trust||Coronavirus||||Appeal|||182,0OO|
|National
Rheumatoid
Arthritis|||Society (NRAS)|||||1,000|I,ooo|
|National Trust||||||||1,000|I,OOO|
|National
Trust for Scotland||||||||1,000|l,ooo|
|New Sussex Opera||||||||5,000||
|Now Teach (Ark UK Programmes)||||||||30,000||
|NSPCC||||||||1,000|I,ooo|
|Old Etonian Trust
Order af StJohn for Essex||||||||1,000
1,000|I,ooo
I,ooo|
|Order ofStJohn for Kent||||||||1,000|I.OOO|
|Pancreatic Cancer UK|||||||||2,500|
|Paula Carr Trust||||||||1,000|I,OOO|
|PCC ofStAnne's,
Lewes||||||||15,000||
|PCC ofSt Mary the Virgin,|Furneux||||Pelham|||10,000||
|People Matter Trust||||||||10,000||
|People's Dispensary for Sick||Animals|||(PDSA)|||2,000||
|Personal Service Group||||||||1,000|I,OOO|
|Petham
Village
Hall|||||||||II,OM|
|Pilgrims
Hospices||||||||30,000|5,000|
|Pilsdon at Mailing Community|||||||||IO,OOO|
|Plantlife||||||||1,000|l,ooo|
|Prince's Trust||||||||1,000|l,ooo|
|Queen Elitabeth's
Foundation||||||||25,000||
|Radley Foundation|||||||||25,MO|
|RAFT (Restoration
of Appearance||||Functian)|||||2,000|
|RDA - Cobbes Meadow
Reed's School||||||||6,000|1,000
6,000|
|Re-Engage||||||||15,000|5,000|
|Relate Medway
and Narth|Kent||||||||5,000|
|Riverside
Day Centre Dover|||||||||5,000|
|RNIB||||||||10,000||
|R,NID||||||||4,500||
|RNLI|||||||||15,000|
|Carried forward||||||||1,681,617|l.22l,ooo|
##
##
##
|4.
Analysis
of|expenditure|expenditure|on|charitable|activities (continued)|2821
6|2020l|
|---|---|---|---|---|---|---|---|
|Brought forward||||||1,681,617|1,22I,OOO|
|Rosemary Foundation||||||25,000|25,000|
|Royal Alexandra
&Albert||||||1,000|1,000|
|Royal Association for Deaf||People|(PAD}||||I,OM|
|Royal British Legion|||||||7,000|
|Royal Hordcultural|Society|||||1,000|26,000|
|Royal Humane
Society||||||1,000|1,000|
|Royal Marsden
Cancer Charity||||||65,677||
|Royston Youth Action||||||25,000||
|RSPB||||||6,000|I,OOO|
|RSPCA||||||1,500||
|Rural Community
Council
Salvation Army||of Essex||||I,MO
1.000|I,OM
6,000|
|Samaritans|||||||I,OOO|
|Selling Church
Buildings Trust||||||2,500|2400|
|Selling PCC||||||2,500|2,500|
|Selling Sports Club||||||1,000|1,000|
|Shine||||||1,000|1,000|
|Soil Association||||||1,000|1.000|
|South Kent Mind|||||||5,MO|
|South Wight Area Youth Partnership||||(Sway)||10,000||
|SSAFA Forces Help||||||1,000|II,OOO|
|StAndrews
Church||||||1,000|I,OOO|
|5t r'i r
Hosnice||||||5,000|5.000|
|StJohn Ambulance||||||5,000||
|StJohn ofJerusalem|Eye Hospital||Group|||55,000|55,000|
|ScJohn's Hospice|||||||6,000|
|St Michael and All Angels Clifton|||Hampden||||5,000|
|St Mungo's||||||25,000||
|Still Waters||||||10,000||
|Stour Music||||||13,500||
|Strand Arts Centre||||||20,000||
|Stroke Association||||||7,500||
|Sussex Community|Foundation|||||15,000||
|Sussex Historic Churches||Trust||||5,000|10,000|
|Sydenham
Garder,||||||!5,000||
|Thames Rivers Restoration||Trust||||1,000|I,OM|
|Thanet Community|Development||Trust|||25,000||
|The Gurka Welfare||||||1,000||
|The Passage||||||25,000||
|Thinkforward
UK||||||25,000||
|Toynbee
Hall|||||||7,000|
|Trussell Trust||||||25,000|S,OM|
|Carried forward||||||2.108,794|1,4I0,000|
##
##
##
|4.
Analysis ofexpenditure|4.
Analysis ofexpenditure|4.
Analysis ofexpenditure|on|charitable|activities (continued)|activities (continued)|2021|2020|
|---|---|---|---|---|---|---|---|---|
||||||||E|E|
|Brought forward|||||||2,108,794|1,410,000|
|Turn2us
(Elizabeth
Finn Care)||||||||16,000|
|University
of London|||||||2,000||
|University
College Oxford|||||||2,500|2,500|
|Unlocked
Graduates|||||||50,000||
|Versus Arthritis|||||||1,000|2,000|
|Victorian Society|||||||3,000||
|Wellesley House and St.Peter's||Court Educational|||Trust||1,000|/,000|
|West Faversham
Community
Association
West Wight Sports 8 Community
Centre|||||||5,000
25,000|6,000
25,000|
|Wildfowl 8 Wetlands
Trust|||||||2,000|2,000|
|Yorkshire
Dales Millennium|Trust||||||25,000||
|Young Classical Artists Trust|||||||25.000|25,000|
|Zane: Zimbabwe
A National|Emergency|||||||I2500|
|Zoological Society of London|||||||2,500||
|Total donations|||||||2,252,794|1,502.000|
|Governance
costs allocated m|charitable|||octiviries:|||||
|Administration
fee|||||||3,600|3,600|
|Consultancy
costs|||||||60,871|43.960|
|Auditor's
remuneration|||||||3,144|2,982|
|Management
fee —land|||||||57|(324)|
|Bank charges|||||||I I I|45|
||||||||67.783|50,263|
|Total expenditure
on charitable||activities|||||2,320,577|1,552,263|
|Expenditure
on charitable
activities|||in|both years was attributable||to the Unrestricted|Income Fund.||
##
##
##
|S.
Fixed|asset|investments|investments||2021|2020|
|---|---|---|---|---|---|---|
|||||||6|
|Freehold
land|||||||
|Market value|at end|ofyear|||19,125|19,125|
|Quoted/unquoted||investments|||||
|Market value|at start|of year|||44,554,473|43,412,842|
|In specie donations|||||1.537,283|14.197,021|
|Additions
at|cost||||3,508,189|13,401,908|
|Proceeds on|disposal||||(29,565)|(14,7/4,246)|
|Realised gain|on disposal||||187|544,046|
|Net unrealised
gains/(losses)|||on invesunent|assets|30,598,716|(12,287,098)|
|Market value|at end|ofyear|||80,169,283|44,554,473|
|Total|||||80,188,408|44,573,598|
|Investments|have been made||in the following|categories ofsecudties:|||
|Quoted|||||||
|UK funds|||||26,328,240|21,140,8i4|
|Unquoted|||||||
|UK equities|||||53,841.043|23,413,659|
||||||80,169,283|44,554,473|
##
##
##
|7.|Credltorst|Credltorst|amounts|amounts|falling due|within one|year||2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||6|
|Accruals|and|deferred||income|||||3,144|3,0/3|
|Other creditors|||||||||7,704|5318|
||||||||||10,848|8,23 I|
|8.|Analysis of||net assets between|||funds|||||
|||||||||Unrestricted|Expendable|Total|
|||||||||Income|Endowment||
|||||||||funds|funds|2021|
|||||||||5|6|6|
|Fund balances||as at 31||December 2021 are||represented|by:||||
|Investments|||||||||80,108,400|00,188,408|
|Cash and|Debtors|||||||050,692|1,091,427|1,942,119|
|Creditors||||||||(10,848)||(10,048)|
|Net assets||||||||839,844|81,279,035|82,119,679|
##
|Reconciliation
o|fnet movement
in funds to ne|t cash flow from operating
activitie|s|
|---|---|---|---|
|||2021|2020|
|||IE|E|
|Net movement
in funds||34,223,967|4,033,763|
|Deduct income from investments
Deduct gains/add
losses on investments||(2,901,112)
(30,598,903)|(1,904,993)
II,743,052|
|Increase/(decrease)
in creditors||2,617|(43,339)|
|Increase
in debtors
Donations
in specie||(13,364)
(I,537203)|(I2.542)
(I4, I97,02 I)|
|Net cash used in operating|actividies|(024,078)|(381,080)|
##
##
##
|Financial assets||2021|2820|
|---|---|---|---|
|Quoted/unquoted|investments|80,169,283|44,554,473|
|||80,169,283|44,554,473|
##
##
##
##
##
|||Unrestricted|Expendable|Total|
|---|---|---|---|---|
|||Income|Endowment||
|||funds|funds|2020|
|||6|6|6|
|Fund balances as at 31 December 2020 are represented|by:||||
|Investments||13,745,047|30.828.551|44,573,598|
|Cash and Debtors||1,563,008|I 091,427|3,330,345|
|Creditors||(8,231)||(8,231)|
|Net assets||15,299,824|32,595,888|47,895,712|
|As restated|||||
|||Unrestricted|Expendable|Total|
|||Income|Endowment||
|||funds|funds|2020|
||||6|6|
|Fund balances as at 31 December 2020 are represented|by:||||
|Investments|||44,573,598|44,573,598|
|Cash and Debtors||267,540|3,062,805|3,330,345|
|Creditors||(8,231)||(8,231)|
|Net assets||259,309|47,636,403|47,895,712|