2021-04-05-accounts

		Page
Report ofthe Trustees	1	to	2
Independent Examiner's Report
Statement ofFinancial Activities
Balance Sheet
Notes to the Financial Statements	6	to	9
Detailed Statement ofFinancial Activities		10

				for the Year Ended 5th A ril 2	021
					2021	2020
					Unrestricted	Total
					fund	funds
				Notes
INCOME AND ENDOWMENTS			FROM
Investment income					59,508	57,905
Other income						2,265
Total					59,508	60,170
EXPENDITURE	ON
Raising funds					767	991
Charitable activities
Grants					40,000	90,000
Other					3,879	1,080
Total					44,646	92,071
Net gains/(losses)	on	investments			345,178	(372,110)
NET INCOME/(EXPENDITURE)					360,040	(404,011)
RECONCILIATION		OF FUNDS
Total funds brought		forward			1,759,129	2,163,140
TOTAL FUNDS CARRIED FORWARD					2,119,169	1,759,129

			2021	2020
			Unrestricted	Total
			fund	funds
		Notes
FIXEDASSETS
Investments			2,064,270	1,719,091
CURRENT	ASSETS
Cash at bank			54,899	40,038
NET CURRENT ASSETS			54,899	40,038
TOTAL ASSETSLESSCURRENT LIABILITIES			2,119,169	1,759,129
NET ASSETS			2,119,169	1,759,129
FUNDS
Unrestricted	funds		2,119,169	1,759,129
TOTAL FUNDS			2,119,169	1,759,129

INVEST	MENT	INCOME
			2021	2020
Dividend	income		59,508	57,512
Deposit	account	interest		393
			59,508	57,905

Investment management	Investment management	costs	costs
						2021	2020
Support costs						767	991
GRANTS PAYABLE
						2021	2020
Grants						40,000	90,000
The total grants	paid to institutions			during	the year was as follows:
						2021	2020
							f,
South West Scotland Piping			& Drumming		Academy	30,000	30,000
Wynifred Keswick Memorial			Trust			10,000	10,000
The Midsteeple	Quarter						50,000
						40,000	90,000

				Unrestricted
				fund
INCOME	AND ENDOWMENTS		FROM
Investment	income			57,905
Other income				2,265
Total				60,170
EXPENDITURE		ON
Raising funds				991
Charitable	activities
Grants				90,000
Other				1,080
Total				92,071
Net gains/(losses)		on investments		(372,110)
NET INCOME/(EXPENDITURE)				(404,011)

COMPARATIVES F	OR THE STATEMENT OF FINAN	CIAL ACTIVITIES -continued
				Unrestricted
				fund
RECONCILIATION	OF FUNDS
Total funds brought	forward			2,163,140
TOTAL FUNDS CARRIED FORWARD				1,759,129
FIXEDASSET INVESTMENTS
				Listed
				investments
MARKET VALUE
At 6th April 2020				1,719,091
Revaluations				345,179
At 5th April 2021				2,064,270
NET BOOK VALUE
At 5th April 2021				2,064,270
At 5th April 2020				1,719,091
All investments were made outside the UK.
MOVEMENT IN FUNDS
			Net
			movement	At
		At 6.4.20	in funds	5.4.2I
Unrestricted funds
General fund		1,759,129	360,040	2,119,169
TOTAL FUNDS		1,759,129	360,040	2,119,169

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
Unrestricted		funds
General	fund		59,508	(44,646)	345,178	360,040
TOTAL	FUNDS		59,508	(44,646)	345,178	360,040

Compara	tives	for moveme	nt in fun	ds
							Net
							movement	At
						At 6.4.19	in funds	5.4.20
Unrestricted		funds
General	fund					2,163,140	(404,011)	1,759,129
TOTAL	FUNDS					2,163,140	(404,011)	1,759,129
Comparative		net movement	in funds,	included	in the above are as follows;
					Incoming	Resources	Gains and	Movement
					resources	expended	losses	in funds
Unrestricted		funds
General	fund				60,170	(92,071)	(372,110)	(404,011)
TOTAL	FUNDS				60,170	(92,071)	(372,110)	(404,011)

		The Scotbel e Charitable Tr	The Scotbel e Charitable Tr	ust
		Detailed Statement ofFinancial		Activities
		for the Year Ended 5th A	ril 2021
					2021	2020
INCOME AND ENDOWMENTS
Investment income
Dividend income					59,508	57,5]2
Deposit account interest						393
					59,508	57,905
Other income
Exchange rate gain						2,265
Total incoming resources					59,508	60,170
EXPENDITURE
Charitable activities
Grants to institutions					40,000	90,000
Support costs
Governance costs
Accountancy					1,140	1,080
Investment manager	fees				767	991
Exchange rate loss					2,739
					4,646	2,071
Total resources expended					44,646	92,071
Net income/(expenditure)					14,862	(31,901)